• 제목/요약/키워드: Firm Profitability

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A Study of Financial Performance using DuPont Analysis in Food Distribution Market

  • Kim, Hak-Seon
    • 한국조리학회지
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    • 제22권6호
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    • pp.52-60
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    • 2016
  • This study attempts to measure the financial performance of the food distribution company. In order to achieve the goal, this study have measured the ratios of ROE, ROA applying the DuPont analysis, which have been demonstrated with tables to show the change periodically. DuPont analysis is based on analysis of Return on Equity (ROE) & Return on Investment (ROI). The return on equity disaggregate performance into three components: Net Profit Margin, Total Asset Turnover, and the Equity Multiplier. The return on investment consists of Assets Turnover (Operating Income${\times}$Total Assets) and Profit Margin (EBIT${\times}$Operating Income). From the study it if found that Hyundae Green Food's Financial performance is high followed by Foodmerce and then Dongwon home food and Lotte Food. The four companies are significant at their level. In conclusion, ROE & ROI is the most comprehensive measure of profitability of a firm. It considers the operating and investing decisions can be made as well as the financing and their leverage-related decisions.

경쟁력 변수에 기초한 글로벌 철강업체의 M&A 성과 (An Analysis on M&A Performance of Global Steel Companies through Competitiveness Variables)

  • 허광숙;김진한
    • 한국경영과학회지
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    • 제34권4호
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    • pp.1-14
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    • 2009
  • This study empirically tests post-M&A performance through competitiveness variables based on extensive firm-based panel data over the past 26 years in the world steel industry. Different measures of profitability, productivity, efficiency, market share, and growth rate which are considered as critical factors of competitiveness are used in the analysis. In particular, this paper tries to separate M&A samples into two cases; horizontal integration (between steel makers) and vertical integration (between steel makers and iron ore suppliers/steel consuming firms). Merged firms show significant improvement in competitiveness relative to other individual firms in the steel industry.

의결권 최대화를 목적으로 하는 순환출자 해소 휴리스틱 방법 (A Heuristic Method for Resolving Circular Shareholding with the Objective of Voting Rights Maximization)

  • 박찬규
    • 한국경영과학회지
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    • 제39권4호
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    • pp.97-113
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    • 2014
  • Circular shareholding refers to a situation where at least three member firms in a business group have stock in other member firms and establish a series of ownership in a circular way. Although many studies have focused on the ultimate effect of circular shareholding on firm's value and profitability, there have been few studies which address how to resolve circular shareholding from the perspective of optimization theory. This paper proposes a heuristic method for identifying shareholdings which need to be cleared in order to settle the problem of circular shareholding in a business group. The proposed heuristic tries to maximize the sum of voting rights the controlling family has in its business group firms. The applications results confirm that the heuristic provides near-optimal solutions for most of 16 Korean large business groups involving circular shareholding.

국내 소기업의 환경요인과 IT성과 인식: 탐색적 연구 (Perceived IT Performance and Contextual Factors of Small Firms in Korea: An Explorative Study)

  • 김진한;이윤석;김성홍
    • Asia pacific journal of information systems
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    • 제14권1호
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    • pp.23-41
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    • 2004
  • This paper proposes an empirical evidence about contextual factors which determine perceived business performances of small firms resulted from IT investment. In this paper, small firms are defined as firms of which total employees are below fifty. These small firms account for 95% of total number of private companies in Korea. We used a perceived IT performance model based on Balanced Scorecard framework to evaluate IT performance of small firms. And data were collected by Web and e-mail survey method with multiple screening. Statistical results show that business performance of small firms are differentiated in terms of firm size, location, longevity, age of owner, education level of owner, while industry sector, profitability, sex of owner don't make significant differences.

설비관리 업무를 위한 성과평가 기반의 대시보드 시스템 개발 (Performance Assesment based Dashboards for Maintenance Management System)

  • 김광만
    • 대한안전경영과학회지
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    • 제16권4호
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    • pp.417-426
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    • 2014
  • Plant management have a greatest influence on the corporate variety of tasks such as production, quality, environment. So, various performance indices for plant management are operating. But plant management tasks can be carried out effectively, so that all of how to organize and efficiently manage indicators is lacking real condition In this paper, improved profitability, cost savings by applying the concept for the performance assessment, plant management services, such as the key indices for performance according to the objectives of the firm. Dashboard for plant management work using me to develop a system that manage.

Private Equity as an Alternative Corporate Restructuring Scheme: Does Private Equity Increase the Operating Performance of PE-Backed Firms?

  • KOO, JAHYUN
    • KDI Journal of Economic Policy
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    • 제38권2호
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    • pp.21-44
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    • 2016
  • There has been a surge of interest in private equity as an alternative corporate restructuring scheme to complement the current institutional forms such as workouts and court receivership. By empirically examining whether private equity in Korea can improve investee companies, we find that while private equity in Korea did not sacrifice the long-term growth potential of investee firms, it did not improve their profitability (e.g. ROA, ROE, and ROS) or growth (e.g. sales growth) either. Both the negative correlation between business performance and firm age and our empirical results showing that young firms were favored by private equity for investment imply that Korean private equity may perform as growth capital, similar to venture capital rather than as buyouts for corporate restructuring.

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우체국 서비스품질이 고객만족에 미치는 영향에 관한 연구 (A Study on the Impact of Service Quality on the Customer Satisfaction in the Korea Post Office)

  • 이상석;민상훈
    • 품질경영학회지
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    • 제30권4호
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    • pp.120-136
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    • 2002
  • The CRM is the process of integrated customer management to increase the profitability of firm as a maximizing the consumer's value and supplying the high quality product or service. The Post Information Service Headquarter was recognizing the importance of CRM and constructed the customer relationship management system that based on CRM, steadily has made an endeavor for operating to improve the job operation such as posting, banking and insurance. This research analysed the impact of service quality on the customer satisfaction in the Korea Post Office. First of all, we review the existing literature on measurement of service quality and management. As a result of this review and survey of the employer in post office, nineteen factors emerged as important to the service management of The Korea Post Office; Postal Services, Banking Services, Insurance Services. The regression analysis was utilized for analyzing the influence of service quality factors upon the customer satisfaction. Results show that service quality factors have a statistically significant impact on the customer satisfaction of the Korea Post Office.

Determinants of Corporate Social Responsibility Provision

  • JOHAN, Suwinto
    • The Journal of Asian Finance, Economics and Business
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    • 제8권1호
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    • pp.891-899
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    • 2021
  • The United Nations' Millennium Development Goals (MDG) has become a goal to create a sustainable life. The MDGs' target was to be achieved in 2015, but it missed that date. The MDGs' target has turned into a Sustainable Development Goals (SDGs) to be achieved by 2030 The SDGs require financial support from companies. Funds are one of the resources to implement the SDGs. Government and private companies need to cooperate in achieving the SDGs target. The company has a responsibility to implement corporate social responsibility. The company's corporate social responsibility is part of the implementation of sustainable development in the SDGs. One of the essential industries that have responsibility for SDGs is the financial industry. This study aims to examine the determinant of corporate social responsibility funds in financial institutions in ASEAN countries. This study uses panel data to test the determinant variables on CSF provision. This study uses 45 sustainable development reports from 2015-2019. The total number of banks in the sample came from three countries, namely, Indonesia, Malaysia, and Thailand. This study concludes that firm size, profitability, efficiency, and the age of the CEO are variables that influence the size of corporate social responsibility funds.

해외 건설 다수 프로젝트 관리를 위한 허용리스크 도출 - 중소·중견 건설기업 관점에서 - (Development Acceptable Risk Model for International Construction Projects - Focusing on Small and Medium Construction Companies -)

  • 황건욱;박찬영;장우식;한승헌;강신영
    • 한국건설관리학회논문집
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    • 제17권3호
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    • pp.90-97
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    • 2016
  • 해외 시장에서 한국 건설기업들의 지속적인 성장에 힘입어 중소 중견기업 역시 눈에 띄게 성장 하였다. 중소 중견기업의 진출 형태 또한 기존 단일 하도급 위주의 프로젝트 수행에서 다수 원도급 위주의 프로젝트 수행으로 고도화 되고 있다. 하지만 수익률 측면에서 여전히 적자 현상에서 벗어나지 못하고 있다(대기업 5건 중 1건 적자, 중소기업 3건 중 1건 적자 공사). 이에 본 연구에서는 고도화된 진출형태에 따른 중소 중견기업의 다수프로젝트 관리방안을 도출하고자 한다. 1965년부터 시행된 8,000여 건의 해외건설 준공데이터 정보를 기반으로 프로젝트 통합리스크를 측정한다. 또한 통합리스크와 수익률간의 상관관계를 기반으로 기업별 최대로 허용할 수 있는 허용리스크 도출 알고리즘을 개발하였다. 3개 기업을 선정하여 이들 기업의 재무제표 분석을 수행하였으며 기업의 허용리스크 구간이 기업의 성과와 상관성이 있다는 것을 도출하였다. 허용리스크 측정을 통해 중소 중견 기업관점에서 다수프로젝트 관리를 위한 중요한 참고자료를 제시할 수 있을 것이라 기대한다.

경기변화를 고려한 해운기업의 자본구조에 관한 실증연구 (The Effects of Economic Conditions on Capital Structure : Evidence from Korean Shipping Firms)

  • 이성윤
    • 한국항해항만학회지
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    • 제40권6호
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    • pp.451-458
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    • 2016
  • 글로벌금융위기 이후 우리나라 해운산업은 기업퇴출, 자본잠식, 법정관리 등 다양한 형태로 불황을 맞고 있다. 경기변화에 민감하고, 선박확보에 거대자본이 요구된다는 점을 감안할 때 자본구조의 최적화는 기업가치를 극대화할 수 있는 기초가 되고, 기업부실화를 극복할 수 있는 수단이 될 것이다. 이에 본 연구는 선행연구들을 바탕으로 10년 이상 적격 감사보고서를 제출한 국내 46개 해운기업을 대상으로 자본구조와 기업특성 간 관계를 해운경기변화를 고려하여 규명해보고자 하였다. 실증결과, 국내 해운기업의 자본구조는 기업규모, 자산유형화정도, 수익성, 비부채성세금효과 등과는 부(-)의 관계가, 성장성은 정(+)의 관계가 있음 실증되었다. 해운경기반영 모형별 진단에서는 상대적으로 불황기모형은 전체기간 분석결과와 큰 차이를 보이지 않은 반면, 상대적 호황기모형에서는 유동성이 추가적으로 유의하였으며, 비부채성세금효과와 성장성은 유의하지 않음을 확인할 수 있었다. 또한, 글로벌 상장해운기업을 대상으로 한 기존연구들과 연구결과에서 큰 차이는 없었으나, 비부채성세금효과, 선박유형화정도, 성장성이 국내 해운기업에 추가적으로 유의함을 확인할 수 있었다. 하지만, 국내 해운기업의 자본구조관련 연구를 보다 강화하기 위해서는 목표부채비율, 조정속도 등의 연구가 추가적으로 진행될 필요성은 있을 것이다.