호텔기업의 경영성과에 영향을 미치는 운전자본수준 연구

• 영문명: A Study on Working Capital affecting the Management Performance of a Hotel Company
• 발행기관: 관광경영학회
• 저자명: 구원일
• 간행물 정보: 『관광경영연구』제24권 제2호, 37~51쪽, 전체 15쪽
• 주제분류: 사회과학 > 관광학
• 파일형태: PDF
• 발행일자: 2020.03.31

영문 초록

This study was to identify the working capital level and variables that may affect the hotel company's management performance and to present the decision-making direction necessary for managers. For this, 35 hotel companies were selected and analyzed the financial statements from 2011 to 2018. First, the management performance of hotel companies recorded a positive value on average, and the working capital level required to operate the company was measured as 18.08% of total assets. In other words, the overall condition is low, but operating conditions are good in that hotel companies operate mainly on fixed assets such as rooms. Second, the statistical analysis showed that management performance was significant at working capital, sales growth rate, debt ratio, company size, and atmospheric industry. However, the working capital level and sales growth rate were positively correlated, and negatively correlated with net working capital, debt ratio, and atmospheric industry. In other words, the higher the working capital, the current ratio, the better the management performance. Therefore, empirical analysis suggests that managers must manage the level of working capital required for corporate management, and that more liquid assets can improve corporate management performance. Therefore, managers of catering companies need to make decisions to manage and maintain working capital levels.

목차

Ⅰ. 서 론

Ⅱ. 이론적 배경

Ⅲ. 연구설계

Ⅳ. 성과분석

Ⅴ. 결 론

참고문헌

키워드

Hotel Companies ROA ROE Management Performance Working Capital