호텔기업의 재무비율지표와 경영성과간의 관계 연구

• 영문명: A Study on the Relationship between Financial Ratio Indicators and Management Performance of Hotel Enterprises
• 발행기관: 관광경영학회
• 저자명: 김시중
• 간행물 정보: 『관광경영연구』제22권 제3호, 389~405쪽, 전체 17쪽
• 주제분류: 사회과학 > 관광학
• 파일형태: PDF
• 발행일자: 2018.05.31

영문 초록

According to previous studies, a few studies examines the relationship between financial ratio Indicators and management performance. Thus, this study aim to estimate impact of 9 financial ratio Indicators which include ‘stability Indicators’, ‘growth Indicators’ and ‘activity Indicators’ toward to 5 profitability indicators. This empirical study designed a research with 14 financial ratios of the five star hotels in Seoul and Jeju regions and analyse by multiple regression analysis. As results of testing, all the 5 profitability ratios is not affected by ‘operating income to Interest coverage ratio’, but ‘total borrowings and bonds payable to total assets’ of stability Indicators. There is meaningful ‘current ratio’ when analyzing indicators which are ‘net income to stockholders’ equity’, ‘operating income to sales’ and ‘total assets to operating cash flow’, whereas ‘debt ratio’ has meaningful ratio to all profitability Indicators except ‘operating income to sales’. ‘Growth rate of sales’ from growth Indicators has significant relationship with all profitability Indicators. Similarly, ‘growth rate of operating income’ and ‘growth rate of current net income’ affect ‘net income to sales’ and ‘net income to total assets’, while ‘growth rate of total assets’ affects ‘net income to stockholders’ equity’ and ‘total assets to operating cash flow’. On the other hand, activity Indicators has no relationship with all profitability Indicators.

목차

Ⅰ. 서론

Ⅱ. 이론적 고찰

Ⅲ. 연구설계

Ⅳ. 분석결과

Ⅴ. 결론

참고문헌

키워드

Financial Ratios Financial Ratio Indicators Financial Ratio Analysis Hotel Enterprise