지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
커뮤니티
연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
초록· 키워드
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This study addresses one of the contemporary issues in finance to identify any financial determinants affecting profitability and growth rate for the Korean chaebol firms listed on the KOSDAQ bourse. General connotations on the financial characteristics of the firms listed on the stock market, may be associated with ‘lower’ profitability and ‘higher’ growth rate than those of the firms listed on the KOSPI market which requires more rigorous listing standards in the domestic market. Subsequent to the a prior test for discriminating whether or not the conventional belief may be identified as a ‘Myth’ or a ‘Reality’, the first hypothesis test was implemented by utilizing panel data model to investigate any financial factors characterizing the chaebol firms listed on the KOSDAQ bourse in comparison with those listed on the KOSPI market. Results revealed that the sample firm’s size was statistically significant based on the book-value profitability, while MVLEV proxy for market-value leverage, MVBV for market- to book-value of equity, and CRATIO for current ratio, had influences on the market-valued dependent variable. Concerning the outcome of the second hypothesis test utilizing the logistic regression model, only one component in the SGR, retention ratio (RETENTION), was found to be statistically important, thus accounting for its higher level in chaebol firms listed on the KOSDAQ bourse than their KOSPI counterparts.
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참고문헌 (24)
참고문헌 신청
Au, Allen / 2013 / Consumer Satisfaction and Profitability : A Dynamic Panel Data Analysis / Journal of Business Administration Research 2 (2) : 54 ~ 60
Brealey, Richard / 2014 / Principles of Corporate Finance / McGraw Hill Company
Fama, Eugene F. / 1995 / Size Book-to-Market Factors in Earnings and Returns / Journal of Finance 50 (1) : 131 ~ 155
Fattouh, Bassam / 2005 / Capital Structure in South Korea : a regression approach / Journal of Development Economics 76 : 231 ~ 250
Gentry, Richard J. / 2010 / The Relationship between Accounting and Market Measures of Firm Financial Performance : How Strong Is It? / Journal of Managerial Issues 20 (4) :
Brealey, Richard / 2014 / Principles of Corporate Finance / McGraw Hill Company
Fama, Eugene F. / 1995 / Size Book-to-Market Factors in Earnings and Returns / Journal of Finance 50 (1) : 131 ~ 155
Fattouh, Bassam / 2005 / Capital Structure in South Korea : a regression approach / Journal of Development Economics 76 : 231 ~ 250
Gentry, Richard J. / 2010 / The Relationship between Accounting and Market Measures of Firm Financial Performance : How Strong Is It? / Journal of Managerial Issues 20 (4) :
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