Understanding the Role of Public Management and Organizational Stability in an Uncertain Environment: Evidence from Korean Public Corporations

Theoretical discussions have emphasized the role of public management, and evidence from various contexts across the globe supports the positive link between public management and organizational outcomes. However, previous research has lacked a comprehensive approach to testing the management–performance link. Furthermore, less is known about the management–performance link in the Asian context. Using a formal model of public management, the present study examines the impacts of Moore's management strategies—managing upward, downward, and outward—on organizational performance. This study also investigates the moderating effect of procedural stability on the negative relationship between environmental uncertainty and organizational performance. Analyses of Korean public corporations partially confirmed the positive impacts of public management on the performance of Korean public corporations. Furthermore, a moderating effect of procedural stability was confirmed. Future studies are expected to comprehensively test the management–performance link.