한국항만경제학회지 (Journal of Korea Port Economic Association)

  • 제30권3호
  • /
  • Pages.187-207
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  • 2014
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  • 1225-3855(pISSN)
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  • 2714-1330(eISSN)
한국항만경제학회 (The Korea Port Economic Association)
권호 표지

선박금융기관의 소유구조와 경영성과 분석

The Impact of Ownership Structure on the Operating Performance of Ship Financial Institutions

  • 지문진 (동아대학교 경영학과) ;
  • 이기환 (한국해양대학교 해운경영학부) ;
  • 김강혁 (한국선급 해운거래정보센터)
  • 투고 : 2014.08.19
  • 심사 : 2014.09.17
  • 발행 : 2014.09.30
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초록

2008년말 글로벌금융위기 이후 해운선사는 선박투자를 위한 자금을 조달하지 못하는 어려움에 직면하게 되고 우리나라에서는 이를 해결하기 위한 방안으로 공적선박금융기관의 설립에 관한 논의가 진행되어 선박금융에 관한 관심이 매우 높아졌음에도 선박금융기관에 대한 연구가 미미한 상황이다. 본 연구는 소유구조와 경영성과간의 관계를 중심으로 선박금융기관의 특성을 파악하는데 중점을 두었다. 분석결과, 공공선박금융기관의 수익성이 민간선박금융기관의 수익성보다 높은 것을 확인하였으며, 안정성에서는 차이가 발생하지 않았다. 또한 글로벌 금융위기 전후의 성과를 분석한 결과는 공공선박금융기관은 글로벌 금융위기 전후의 성과에 차이가 발생하지 않았으나 민간선박금융기관은 성과의 차이가 발생하였다. 즉, 민간선박금융기관은 시황의 변화에 따라 경영활동의 결과가 큰 차이가 발생하나 공공금융기관은 급변하는 시황에서도 안정적인 경영활동을 수행한 것을 알 수 있다.

The purpose of this paper is to examine the business performance difference based on the ownership structure type in the aspect of profitability and stability. In order to conduct this analysis in two aspects, the ship financial institutions have been classified into two groups: state-owned banks and private-owned banks. First of all, the difference of ROE and ROA between private and public ship financial institutions is statistically significant, but no difference has been shown in terms of stability measured through BIS capital adequacy ratio. Second, to test the business performance difference according to the ownership structure types before and after the global financial crisis, we examined the outcome difference in the ship financial institutions in terms of profitability and stability. However, in the event that the analysis was conducted with public and private financial institutions, the business outcome difference before and after the global financial crisis has been shown in the sector of private financial institutions, but has not been shown in the sector of public financial institutions. It is meaningful that this study is the first work which examined the difference of the operating performance by the ownership structure types of ship financial institutions. However, it is noted that small sample for this empirical study is a limitation of this thesis.

키워드

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