• The Journal of Asian Finance, Economics and Business
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• 제7권12호
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• pp.909-917
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• 2020

The research aims to analyze the firm-specific and macroeconomic factors that affect insurance company's financial performance. The research explores the variables that influence the financial performance of the United Arab Emirates (UAE)' insurance companies. The analysis for determining financial performance considers the following variables: the firm's age, retention ratio, capital adequacy, underwriting risk/loss ratio, financial-leverage, reinsurance dependency, and macro-economic factors such as GDP per capita, inflation rate considered as independent factors. The return-on-asset (ROA) is the key measuring indicator; it is regarded as the dependent variable for financial performance measures. The research focuses on secondary information obtained from insurance companies' financial statements. The researcher targeted 18 insurance companies listed on the UAE stock exchanges for study purposes. The research examines the overall factors that influence the financial performance of an insurance company. For analysis of data, software package of social sciences (SPSS version 20) is used. The studies used correlation and multiple linear regression analysis to determine financial performance and their effects. The analysis suggests that there are important and constructive relationships between the size, capital adequacy, and reinsurance dependency, while loss ratio, retention ratio, and financial leverage indicate a major negative relationship. And there's no link between GDP per capita and inflation.

• 유통과학연구
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• 제16권11호
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• pp.21-27
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• 2018

Purpose - This study investigates the financial ratio of savings banks and the effect of the ratio having influence upon bankruptcy by quantitative empirical analysis of forecast model to give material of better management and objective evidence of management strategy and way of advancement and risk control. Research design, data, and methodology - The author added two growth indexes, three fluidity indexes, five profitability indexes, and four activity indexes CAMEL rating to not only the balance sheets but also the income statement of thirty savings banks that suspended business from 2011 to 2015 and collected fourteen financial ratio indexes. IBMSPSS VER. 21.0 was used. Results - Variables having influence upon bankruptcy forecast models included total asset increase ratio and operating income increase ratio of growth index and sales to account receivable ratio, and tangible equity ratio and liquidity ratio of liquidity ratio. The study selected total asset operating ratio, and earning and expenditure ratio from profitability index, and receivable turnover ratio of activity index. Conclusions - Financial supervising system should be improved and financial consumers should be protected to develop saving bank and to control risk, and information on financial companies should be strengthened.

• 한국콘텐츠학회논문지
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• 제8권7호
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• pp.224-232
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• 2008

프로스포츠 가운데 프로축구는 1983년 출범한 이후 2008년 4월말 현재 14개 구단이 있으며, 구단 형태를 살펴보면 도민구단 1, 시민구단 3, 군 운영 1, 나머지 9개 구단은 모기업의 지원형태로 운영되고 있다. 본 연구의 목적은 4개 시민구단의 실제 재무제표 자료에 기초하여 재무비율 분석을 실시함으로써 실제 시민구단의 형태로 운영되고 있는 프로구단들의 경영상태의 양부(건전성)를 파악하는데 있다. 본 연구결과를 살펴보면 다음과 같다. 첫째, 유동성 비율 측면에서 연도별 추이는 계속 감소 추세를 보이고 있으나 4개 시민구단의 비율평균과 표준비율을 비교하여 판단해 볼 때 양호한 수준이다. 둘째, 레버리지 비율 측면에서 볼 때 일부 시민구단의 경우 부채가 총자본을 초과하는 등 타인자본 의존도가 높아 자본구조의 불안정성을 보이고 있다. 셋째, 활동성 비율은 표준비율과 비교하여 볼 때 4개 시민구단의 각 년도 활동성 비율은 양호한 것으로 나타났다. 마지막으로 수익성 비율은 인천 유나이티드를 제외한 나머지 구단들이 큰 마이너스를 기록하여 수익성이 매우 저조한 것으로 나타났다. 따라서 타인자본 의존도를 줄이고, 수익성 개선을 위한 노력이 요구된다. 본 연구는 새로이 창단 발표를 한 프로축구 강원 도민구단(가칭 강원 FC)에게 유용한 기초 자료로 활용될 수 있을 것이다.

• 한국컴퓨터정보학회논문지
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• 제4권3호
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• pp.114-120
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• 1999

본 논문은 IMF 관리체제하에서의 우리 나라 기업의 재무비율에 대한 실태를 조사 분석하였다. 우선 IMF 관리체제 이전과 이후의 우리 나라 기업의 재무비율에 대한 변동실태를 비교 분석하였고 또한 이를 표준비율과 비교함으로써 기업의 경영성과와 재무상태에 대한 적부를 검토하고 이에 대한 문제점과 개선 방안을 제시하였다. 재무 비율 분석의 내용으로는 안정성비율, 수익성비율. 활동성비율, 성장성비율, 생산성비율 등을 중심으로 분석하였다.

• 국제학술발표논문집
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• The 6th International Conference on Construction Engineering and Project Management
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• pp.354-356
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• 2015

As domestic recession has had an adverse impact on many Korean companies in Korea, financial soundness has become a critical issues. It is essential to identify financial risk factors to prevent workout as well as to improve the financial condition of domestic construction companies. Therefore, this study derived important management indicators and the financial ratios that belong to each indicator through a comparative analysis between healthy companies and workout companies with financial statement. As a consequence, key financial ratios are derived into 3 of 25 ratios; Equity Ratio in stability indicator, Total Asset Turnover Ratio in activity indicator, and Labor Equipment Ratio in productivity indicator. So, Korean construction firms are required close monitoring these critical financial ratios indicating variation between construction companies which have opposing statuses in finance in order to keep sound financial condition and increase productivity.

• 한국조리학회지
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• 제15권4호
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• pp.212-226
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• 2009

본 연구는 금융감독원 전자공시시스템에 공시된 기업의 재무제표를 활용하여 외식 기업의 재무 비율과 경영 성과의 관계를 파악하고자 하였다. 재무 비율은 재무제표의 두 계정을 조합하여 비율을 계산하여 경영 성과를 제시하는 지표로써, 경영자와 채권자 그리고 투자자는 해당 기업의 재무제표를 평가하기 위한 방법으로 비율 분석을 각기 다른 목적으로 사용하고 있다. 재무 비율과 경영 성과에 대한 분석에 의하면, 상장된 음식료업종 기업은 이자 보상 배율을 제외한 전 부분에서 상관 관계를 보였지만, 외식 기업은 안정성 비율과 성장성비율에 한정해서 상관 관계를 보여주었다. 이와 같은 차이에 근거하여 외식 기업의 경영자는 부채와 자산에 대한 관리와 더불어 비용에 대한 효과적이고 계획적인 관리를 통하여 경영 성과를 개선하여야 할 것이다.

• International Journal of Human Ecology
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• 제7권2호
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• pp.53-62
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• 2006

The purpose of this study is to examine the changes in financial structure of the self-employed brought on the economic crisis in Korea.. We use financial ratio analysis, such as income to expenditure ratio, liquidity ratio, debt ratio, and capital accumulation ratio to analyze financial well-being of self-employed households. This study used a 1997 and 1998 Korean Household Panel Study collected by Daewoo Economic Research Institute. The average amount of holding of each type of asset showed that the investment of self-employed households decreased in the banking industry and the stock market in 1998 compared to 1997. On the other hand, asset allocation in bond and real estate increased, which implied preference for a stable type of asset with the increase in uncertainty of the future and economic instability. Devaluation of real estate allowed households to easily obtain real estate and increase preference for asset allocation in real estate after the crisis. The changes in financial ratio for the year 1998 shows that such ratios as income to expenditure, liquidity, and capital accumulation, decreased compared to the year 1997. Among those ratios, the income to expenditure ratio showed the biggest decline because of reduced income of self employed households. The results implied that the income structure of the self-employed is unstable, thus the self-employed were likely to be greatly affected during the economic downturn. Earners have more average income and net assets than the self-employed. However, using financial ratios, it was found that self-employed households were more stable than employees. The results shows that the financial ratio analysis is better tool to estimate households financial status. Implications for financial educators, counselors, and planners are offered. The results will provide implications for policy makers to establish appropriate policies for the self-employed and help them financially survive.

• 한국식품조리과학회지
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• 제28권4호
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• pp.451-461
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• 2012

The purposes of this study were to examine the financial statements and analyze the financial soundness of contract foodservice management companies(CFMC) using the financial ratio. The statistical data analysis was completed using Microsoft Excel(ver.2007) for the trend line equation and using SPSS Win(ver.18.0) for wilcoxon-rank sum test. Increased asset, debt, capital and sales occurred in most of the CFMCs, but the financial trend of firm D decreased for operating profit and net profit. The financial ratio for investigating a firm's financial soundness was based on liquidity, stability, profitability, activity, and growth through financial statements. Most of the CFMCs had maintained outstanding financial soundness from 1999 to 2011. The financial statements during the decade were verified and fluctuated. The directly affected CFMCs by a school foodservice' sanitation accident had maintained better financial statements than those of other CFMCs. Therefore, there was opportunity for directly affecting CFMCs involved in school foodservice' sanitation accident to diversify the business portfolio of the firms.

• 대한가정학회지
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• 제39권9호
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• pp.49-61
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• 2001

The purpose of this study was to examine the usefulness of financial ratios as comparison analysis of households financial status. Two household types were discussed such as earner and self-employed. Financial ratios were developed for 2739 households for earners and 2147 households for self-employed using. Korean Household Panel Study from Daewoo Economic Research Center. Descriptive Statistics were used to analyze the financial ratios and seven different finantial ratios were utilized to compare the fiancial status of two different households type. Easers have more average income and net-assets than self-employed. However, using financial ratios, it was found that self-employed households were more stable than easer. The resets shows that the financial ratio analysis gives better tool to estimate households'financial status. Implications for financial educators, counselors, and planners are offered.

• 수산경영론집
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• 제42권2호
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• pp.1-14
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• 2011

We try to find the determinants of fisheries firms' capital structure during the years from 1992 to 2007 in this paper. We also have a comparative analysis of capital raising behavior in pre and post-IMF financial crisis. Regression analysis is used for this empirical study. Dependent variable is leverage ratio and independent variables are firm size, operating risk, proportion of tangible asset, non-debt tax shield effect, sales growth ratio, profitability and dummy variable. We compared the characteristics of fisheries industry with that of manufacturing industy. The determinants of fisheries firms' capital structure and correlation between pre and post-IMF financial crisis are roughly same as the hypothses except a little difference. As a peculiar difference, corrlation between fisheries firms' operating risk and leverage ratio is (+) in the pre-IMF financial crisis, but (-) in the post-IMF financial crisis. Proportion of tangible asset has a (+) correlation with leverage ratio in pre and post-IMF financial crisis, but in case of manufacturing industy, (-) correlation shows in the pre-IMF financial crisis. Because, in the pre-IMF financial crisis, high proportion of tangible asset doesn't play a role of a collateral, but only increase the bankruptcy probability. Non-debt tax shield effect and leverage ratio have (-) correlation in all industry and all period, but only (+) correlation in case of fisheries industry in the pre-IMF financial crisis. Sales growth ratio has no significant relationship with leverage ratio in fisheries industry, and this is not coincide with our hypothsis. We have a limitation of the sample size of fisheries firms and sample period in this study. Further study is required to classify the fisheries industry with in-shore fisheries, deep sea fisheries and cold storage industry.