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http://dx.doi.org/10.14400/JDC.2019.17.3.079

A Study on the Analysis of Management Characteristics of Coastal Port Freight Transportation Business Using Panel Regression Analysis  

Kim, Suk (Graduate School of Logistics, Incheon National University)
Park, Sung-Hoon (Graduate School of Logistics, Incheon National University)
Yang, Tae-Hyeon (Graduate School of Logistics, Incheon National University)
Yeo, Gi-Tae (Graduate School of Logistics, Incheon National University)
Publication Information
Journal of Digital Convergence / v.17, no.3, 2019 , pp. 79-92 More about this Journal
Abstract
This study analyzes the effects of freight transportation income, capital, asset, non-operating expenses, and debt ratio on the debts of inner port freight transportation businesses through the GLS of panel regression analysis and the estimation of fixed effects model. The factors and hypotheses were established through a theoretical background review, and the financial statement and profit and loss data of inner port freight transportation businesses for 10 years from 2006 to 2015 were analyzed. The results showed that assets had positive effects on debts, and negative effects on capital, non-operating expenses, and debt ratio, but no effect on freight transportation income. This result empirically demonstrates the tendency of inner port freight transportation businesses to secure assets by increasing debts, creation of debt reduction leverage effect using non-operating expenses such as interest expenses through bank borrowing, and the adoption of management characteristics and financial operation method to lower the debt ratio by reducing capital more than debts. In future studies, it is necessary to analyze coastal port freight transportation business by industry (oil tankers, cargo ships, and barge ships), and regions such as East, West and South sea.
Keywords
Panel regression analysis; Coastal port freight transportation business; Management characteristics; GLS; Fixed effects model;
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Times Cited By KSCI : 6  (Citation Analysis)
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