A Case Study on the Influence Factors of Financial Performance of Korean Automotive Parts Cooperation Companies through Research Hypothesis

• 발행기관: 한국유통과학회
• 저자명: Ho-Jin AN Wan-Ki KIM
• 간행물 정보: 『The Journal of Asian Finance, Economics and Business(JAFEB)』Vol. 6 No.3, 327~337쪽, 전체 11쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2019.07.31

영문 초록

The aim of this research is to contribute to enhancing the competitiveness of automotive parts suppliers while departing from the dependent relationship structure, by developing and interpreting factors that affect sale, which are financial achievements, in a practical way. The research data covered 200 companies from 2013-2017. The study hypothesis was verified by dividing the hypothesis into Model1 with control variables only and Model2 with control variables in independent variables. As a result of hypothesis testing, regarding sales, only capital size showed to have an effect in Model1, while in Model2, asset size, number of employees and joint ventures with foreign companies did but the other remaining factors did not. In particular, the results showed that an increase in financial performance required ‘Economies of scale’, and that companies that concentrated on a small number of items, diversified products into four or more items, or owned two to four suppliers, reaped positive results in financial performance. Therefore, in addition to the selection and concentration of corporate management for production items and account management, applying strategies, like the inter-company M&A, consortiums and co-branded strategies to achieve ‘Economy of scale’, would highly enhance the financial performance of automotive parts suppliers.

목차

1. Introduction

2. Theoretical Background

3. Research Framework and Hypothesis

4. Research Methodology

5. Results

6. Conclusion and Implications

References

키워드

Automotive Assembly Parts Cooperation Company Financial Performance