다중회귀분석을 활용한 국내 산업 및 기업 규모 별 현금화주기와 재무성과와의 상관관계 분석

다국어 초록 (Multilingual Abstract)

This paper studies the relationship between C2C(Cash-To-Cash) cycle time and financial performance of Korean companies. Especially, we focus on the effect of the industry type and the size of companies on this relationship by considering 10 different industries and two different sizes. More specifically, the multiple regression analysis is used to investigate the relationship between the C2C cycle time including its components such as days of inventory, days sales outstanding, and days payable outstanding and financial performance metrics such as ROA(Return On Asset), operating profit rate, and net profit rate.
The results indicate that the relationship between the C2C cycle time and financial performance is sensitive to the industry type, and 17 out of 30 cases(combinations of the three financial metrics and 10 industries) result in statistically significant negative relationship. Similarly, on 33 out of 90 cases, the three components of the C2C cycle time have statistically significant relationship with the financial performance of companies. Regarding the size of companies, we find statistically significant relationship between the C2C cycle time and the financial performances regardless of the size of companies. However, the significance is higher with the SME(Small and Medium size Enterprises). Further, ROA and operating profit rate of big companies do not show statistically significant relationship with days of inventory and days sales outstanding.

목차 (Table of Contents)

• 1. 서론
• 2. 선행연구
• 3. 가설설정
• 4. 연구방법론
• 5. 표본선정 및 자료수집
• 6. 실증분석 결과
• 7. 결론 및 토의
• 참고문헌

참고문헌 (Reference)

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