산업공학 (IE interfaces)

  • 제21권4호
  • /
  • Pages.385-393
  • /
  • 2008
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  • 1225-0996(pISSN)
  • /
  • 2234-6465(eISSN)
대한산업공학회 (Korean Institute of Industrial Engineers)
권호 표지

기업의 생존과 도산에 영향을 미치는 재무요인에 대한 실증분석 : 우리나라 외환위기 전.후 비교

The Comparative Analysis of Financial Factors that influence on Corporate's Survival and Bankruptcy : Before and After Foreign Exchange Crisis in Korea

  • 배영임 (성균관대학교 산업공학과) ;
  • 송성환 (성균관대학교 산업공학과) ;
  • 홍순기 (성균관대학교 시스템경영공학과) ;
  • 유성윤 (성균관대학교 산업공학과)
  • Bae, Young-Im (Department of Industrial Engineering, Sungkyunkwan University) ;
  • Song, Sung-Hwan (Department of Industrial Engineering, Sungkyunkwan University) ;
  • Hong, Soon-Ki (Department of System Management Engineering, Sungkyunkwan University) ;
  • Yu, Sung-Yoon (Department of Industrial Engineering, Sungkyunkwan University)
  • 투고 : 2008.07.31
  • 심사 : 2008.09.23
  • 발행 : 2008.12.31
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초록

Corporate's survival or bankruptcy has been determined by interaction of macroeconomic environment, industrial dynamic environment and internal process of corporate. This study attempts to examine financial factors' differences that have influence on corporate's survival or bankruptcy before and after foreign exchange crisis in Korea. The first previous empirical study that researched the cause of corporate's survival or bankruptcy in the financial ratios was attempted by Altman in 1968. Recently various survival analysis models have been published. In this paper, Multiple Discriminant Analysis model is used. We divide analytical periods into before and after foreign exchange crisis and sample randomly survival or bankruptcy firms for each period. Independent variables are financial ratios which represent growth, profitability, activity, liquidity and productivity. In conclusion, this paper examines hypothesis as "There are differences of significant financial factors before and after foreign exchange crisis."

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참고문헌

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