• Title/Summary/Keyword: Liquidity Ratio

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The Impact of Small and Medium Companies' Export on Their performance in Chungbuk (수출이 지방중소기업의 경영성과에 미치는 영향: 충북을 중심으로)

  • Cho, Taek-Hee
    • International Commerce and Information Review
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    • v.10 no.2
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    • pp.349-369
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    • 2008
  • The purpose of this study was to investigate the impact of the performance of small and medium companies located in Chungbuk according to their export ratio. First, there were significant the differences in those companies' performance depending on their export ratio. Such variables as operating incomes, current ratio, R&D, and the number of employees showed differences when those companies were divided into two groups whose export ratio were less than and more than 10%. Second, the impact of determinants which consisted of the size of total assets, R&D, advertisement, and export ratio on those companies' performance which consisted of profitability, stability, productivity, growth, liquidity, and activity was analyzed.

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Assessment of Overconsolidation Ratio by Depth of Soft Ground: A Case Study in South Korea (국내 연약지반의 심도별 과압밀비 산정에 관한 사례연구)

  • Lee, Jong-Young;Han, Jung-Geun
    • Journal of the Korean Geosynthetics Society
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    • v.20 no.4
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    • pp.9-18
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    • 2021
  • In this study, the overconsolidation ratio (OCR) of soft clay soil was calculated by conducting an indoor physical experiment and a dynamics test using undisturbed soil samples from a soft clay soil field in South Korea. The OCR by depth was predicted by comparing the experimental results with the existing empirical equations. Methods using the liquidity index and the existing empirical equation by the Naval Facilities Engineering Systems Command (NAVFAC) were examined, and the results were compared with the actual measured values. The method using the liquidity index was found to be suitable for estimating the rough OCR of the ground. However, the effect of drying was not considered for the ground above the groundwater level. Therefore, an equation for the correlation equation between the depth and OCR of each region, including the ground above the groundwater level, was proposed. The proposed equation was applied to the OCR prediction of the adjacent area. The predicted values in the area composed of clay (CL, CH) were found to be in good agreement with the actual values. In the region composed of silt (ML), however, the predicted values were not consistent with the actual values. This suggests that the sedimentation and compositional characteristics, rather than the engineering characteristics of the soil, are important factors that affect the OCR prediction.

Analysis on Liquidity Support Policy of Unsold New Houses through Utilization of CR-REITs - Using System Dynamics - (CR리츠를 활용한 미분양 주택 유동화 지원정책 분석 - 시스템다이내믹스를 이용하여 -)

  • Na, Ho-Jun;Park, Moonseo;Lee, Hyun-Soo;Hwang, Sungjoo
    • Korean Journal of Construction Engineering and Management
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    • v.14 no.5
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    • pp.12-25
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    • 2013
  • Unsold new houses have increased before the financial crisis, and have steadily accumulated since domestic diffusion ratio of house exceeded 100%. From a long term point of view, it is important to liquidate unsold new houses and raise funds from the capital market till the housing market recovers because the accumulation of unsold new houses is a financial burden to the construction company and for that reason, the housing policies to support the liquidity of unsold new houses must be consistently available means. Therefore, the purpose of this study is to analyze the effectiveness of government's policy to support the liquidity of unsold new houses using CR-REITs from among these policies with system dynamics. Using the system dynamics model, this study finds the significance and limitation of the policy to liquidate unsold new houses using CR-REITs and suggests the measures to improve the policy.

Factors Affecting Financial Status of the Rural Middle-aged and Old-aged Households (재무비율로 평가한 농촌 중ㆍ노년기 가계의 재정상태에 영향을 미치는 요인 분석)

  • 최윤지;최현자
    • Korean Journal of Rural Living Science
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    • v.9 no.1
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    • pp.43-54
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    • 1998
  • This study attempted to investigate the factors affecting financial status of the rural middle-aged and old-aged household. The results shelved that the significant variables which influenced on the probability of financial security measured by consumption to income ratio were sex and education level of the household head, family size, total income, total expenditure and total assets. The most influential variables on the probability of financial security measured by liquidity ratio was liquid assets, and total assets. Education level of the household head. liquid assets, total assets, and total debt had significant effects on the probability of financial security estimated by debt burden ratio. Among the economic variables, only liquid asset had significant negative effects on the probability of financial security assessed by the capital stock ratio.

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The Determinants of Profitability in Listed Enterprises: A Study from Vietnamese Stock Exchange

  • NGUYEN, Thi Ngoc Lan;NGUYEN, Van Cong
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.1
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    • pp.47-58
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    • 2020
  • The research aims to investigate the determinants of the financial performance of 1343 Vietnamese companies categorized into six different industries listed on the Vietnamese Stock Exchange over a four-year period from 2014 to 2017 using STATA software. Those determinants include firm size, liquidity, solvency, financial leverage, and financial adequacy while the financial performance is evaluated by three different ratios: return on assets (ROA), return on equity (ROE), and return on sales (ROS). The research results from these companies during the given period indicate that: (1) Firm size has a positive impact on both ROA and ROS, especially ROA but it has the opposite effect on ROE, (2) Adequacy ratio impacts positively on ROA and ROS but negatively on ROE, (3) Financial leverage considerably negative influences on ROE and ROS but positively impacts on ROA, (4) Liquidity has a positive effect on both ROA and ROE but a negative one on ROS and (5) Solvency has a positive impact on ROA and ROS but the negative impact on ROE. Furthermore, agriculture accounted for the highest percentage of profitability at the beginning, which was replaced by service for ROA but manufacture for ROE from 2016 to 2017 as opposed to the least in transportation.

Enhancement in the quality of mortar which uses uses 3-type blast-furnace slag cement and circulated fine aggregate, according to replacement ratio changes of waste refractories and desulfurized plaster (폐내화물 및 탈황석고의 치환율 변화에 따른 3종 고로슬래그 시멘트와 순환잔골재를 사용하는 모르타르의 품질향상)

  • Lee, Jae-Jin;Lee, Jea-Hyeon;Baek, Cheol;Kim, Min-Sang;Yoon, Won-Geun;Han, Cheon-Goo
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2016.10a
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    • pp.56-57
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    • 2016
  • Recently amongst Korea's construction companies there has been heightened interest in environment load reduction and resource recycling. As a result, the construction industry is examining recycled materials alternative to cement and blast-furnace slag (BS henceforth) cement, such as waste refractories and desulfurized plaster. This study analyzes the liquidity and intensity characteristics of mortar according to changes in replacement ratios of waste refractories and desulfurized plaster, used as industry by-products in mortar environments that use BS 3-type cements and circulated fine aggregate. As a result, the greater the increase in replacement ratios of desulfurized plaster, the greater the increase in liquidity and air quantity, as well as compression strength.

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Determinants of Default Risks and Risk Management: Evidence from Rural Banks in Indonesia

  • PUSPITASARI, Devy Mawarnie;FEBRIAN, Erie;ANWAR, Mokhammad;SUDARSONO, Rahmat;NAPITUPULU, Sotarduga
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.8
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    • pp.497-502
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    • 2021
  • This study aims to investigate the determinants of default risk of rural banks in East Java, Indonesia. The method used is descriptive verification and logistic regression analysis. The data used is secondary in the form of monthly annual financial reports of rural banks in East Java during the period 2009-2018. From the results, it was shown that net interest margin (NIM) as a proxy of market risk, non-performing loan (NPL) as a proxy of credit risk, operation efficiency as a proxy of operational risk and return on assets (ROA) as a proxy of profitability have a significant influence on default risk. Meanwhile, the loan to deposit (LDR) ratio as a proxy of liquidity risk has no significant influence on default risk. Banks need to implement risk management and meet the capital adequacy requirements of regulators so that they are resistant to risk, and also, compliant with bank governance to be able to produce high returns for rural banks have an impact on sustainability and its existence. The ability to identify setbacks in bank conditions and the ability to distinguish between healthy and problematic banks will enable to anticipate default banks.

Factors Affecting the Performance of Local Public Hospitals (지방의료원의 경영성과에 미치는 영향)

  • Yang, Jong-Hyun;Lee, Jung-Woo
    • The Korean Journal of Health Service Management
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    • v.11 no.3
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    • pp.1-11
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    • 2017
  • Objectives : The purpose of this study was to analyze factors affecting the performance of public hospitals in South Korea. Methods : We collected management performance data from 2013 to 2015 from income statements, balance sheets, and annual reports from 32 local public hospitals. The dependent variable used was profitability, which included operating margin, return on assets and net profit to gross revenues. The independent variables were general characteristics, liquidity, stability, and activity. Results : Patient revenues, total assets, and total capital had increased steadily but patient expenses had increased to a greater extent. Operating profit, and net profit were consistently in deficits and the management status of local public hospitals had recently been in difficulty. The debt ratio, quick ratio, ratio of fixed liability and fixed assets turnover rate have a significant positive(+) effect on performance in the years 2013-2015. Conclusions : We suggest management strategies for these hospitals based on the results analyzed.

Analysis of Financial Structure and Managerial Performance of Profit/Loss-Making Hospitals under the IMF (IMF 초기 2년간 흑자/적자병원의 재무구조와 경영성과분석)

  • Lee, Chang-Eun;Jung, Key-Sun;Hwang, In-Kyung
    • Korea Journal of Hospital Management
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    • v.6 no.2
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    • pp.156-172
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    • 2001
  • Financial ratio indicators of the 73 sample hospitals provided by the Korea Hospital Association in 1998-1999, together with the data by the Korea Health Industry Development Institute in 1007, were analysed to identify the financial structure and managerial performance of the profit/loss-making hospitals under the IMF. The major findings of this study were as belows. 1. Among the general characteristics, there was a statistical significance in the hospital location and the number of operating beds between profit-making hospitals and loss-making hospitals. 2. Financial ratio indicators of the profit-making hospitals were better than those of the loss-making hospitals. 3. Financial ratio indicators, including Liquidity, Performance Indicators and Growth Rate Indicators of profit-making hospitals, were better than those of loss-making hospitals except for Turnover Ratios under the IMF economic impasse.

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Bank Capital Adequacy Ratio and Bank Performance in Vietnam: A Simultaneous Equations Framework

  • DAO, Binh Thi Thanh;NGUYEN, Kieu Anh
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.6
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    • pp.39-46
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    • 2020
  • Playing an important role in developing the economy and overall developments of the country, commercial banks have to be aware of their crucial presence in order to perform well and contribute significantly. At the same time, as a place to receive deposits, banks are required to be in safe situations to avoid bankruptcy or deal with financial crises. This research seeks to identify the determinants of Capital Adequacy Ratio and Banks' performance as well as the relationship between these two dependent variables. The paper uses 128 observations of 16 Vietnamese commercial banks during the period from 2010 to 2017, with two simultaneous dependent variables CAR and ROE, and independent variables including Return on Assets, Tobin Q, Credit growth, GDP growth, Equity to Deposits, Loans to Deposits, Bank size, Cost to Income, Liquidity risk, Provision for Loan loss ratio, Non-performing loans and Inflation. The results reveal that Capital Adequacy Ratio and Banks' Performance have statistically significant relationship and Credit growth, GDP growth, Equity-to-Deposit ratio and Cost-to-Income ratio all have significant effects on two dependent variables. The findings of this study suggest that commercial banks should control the respective elements in order to maintain adequate level of capital and also create effective performance.