Financial Determinants of Profitability Indicators for the Firms Listed in the KOSPI Market

• 영문명: Financial Determinants of Profitability Indicators for the Firms Listed in the KOSPI Market
• 발행기관: 한국무역연구원
• 저자명: Hanjoon Kim
• 간행물 정보: 『무역연구』제10권 제2호, 169~196쪽, 전체 27쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2014.04.30

영문 초록

This study examined one of the issues receiving little attention so far, which pertains to financial attributes of the corporate profitability indices for large firms listed in the KOSPI market. Given the gradually dissipated profitability levels between the top- and bottom-ranked large firms at the micro level and the on-going progress of the domestic capital markets at the macro level, it is noteworthy to investigate these elements. Two hypotheses were postulated and tested on the basis of major sample industries. The first hypothesis test was conducted to find any financial components of profitability measured at the market and book bases utilizing dynamic panel data analysis. Moreover, ANCOVA with a posteriori test, was then performed to discern any grouping level of profitability among the sample industries.

목차

Abstract

Ⅰ. Introduction

Ⅱ. Literature Review

Ⅲ. Methodology

Ⅳ. Analysis and Interpretation

Ⅴ. Concluding Remarks

REFERENCES

키워드

Korean Capital Market KOSPI Profitability Panel Data Analysis U.S. Financial Crisis