비상장 외식기업의 가중평균자본비용 추정에 관한 연구

• 영문명: Estimating the Weighted Average Cost of Capital in Two Non-Listed Food Service Companies: SunatFood & Amoje
• 발행기관: 한국관광학회
• 저자명: 鄭由景 安允泳 具元一
• 간행물 정보: 『관광학연구』제34권 제2호, 411~432쪽, 전체 22쪽
• 주제분류: 사회과학 > 관광학
• 파일형태: PDF
• 발행일자: 2010.04.30

영문 초록

Using the financial data of provided by DART system, this study estimated the WACC(Weighted Average Cost of Capital) of two non-listed food service companies, SunatFood & Amoje, for three years(2005-2007). In order to analyze the profitability and efficiency of the food service companies, it also compared the cost of equity and WACC with ROE(Return on Equity) and ROA(Return on Assets) respectively. Results showed that the food service companies' profitability exceeded WACC. However, results demonstrated that the compannies' profitability was low despite the financing of low cost of debt capital. Results of this study suggest that the managers should establish strategies to reduce the operating and financial risk and need to make aggressive investment decisions instead of conservative management.

목차

I. 서론

II. 이론적 배경

III. 연구설계

IV. 실증분석

V. 결론

참고문헌

키워드

패밀리레스토랑 가중평균자본비용 자본자산가격결정모형 자산수익률 자기자본수익률 비상장기업 Family restaurant WACC CAPM ROA ROE Non-Listed company