한국호텔기업의 내부성장률과 지속가능성장률에 관한 연구

• 영문명: The Internal Growth Rate and Sustainable Growth Rate of Korean Hotel Company: Focused on Babcock Model and Higgins Model
• 발행기관: 한국관광학회
• 저자명: 김기태
• 간행물 정보: 『관광학연구』제31권 제5호, 355~374쪽, 전체 20쪽
• 주제분류: 사회과학 > 관광학
• 파일형태: PDF
• 발행일자: 2007.10.31

영문 초록

We analyze the internal growth rate and sustainable growth rate in Korean Hotel Corporation Through. Building on Babcock(1970) model and Higgins(1977) model, we use financial ratio data from 2000 to 2005 and employ paired-samples T test, Pearson correlation test and multi-variate regressions. As a result, we can get a negative sustainable growth rate based on Babcock model. The main factor of a negative sustainable growth rate is probably the low margin of profit on sales. And the main factor of the sustainable growth rate in Higgins model is unlikely to be a debt to equity ratio but a margin of profit on sales, a turnover ratio of sales to total capital and dividend payout ratio.

목차

I. 서론

II. 이론적 배경

III. 분석자료와 분석모형

IV. 실증분석 결과

V. 결론

참고문헌

키워드

호텔기업 내부성장률 지속가능성장률 Babcock 모형 Higgins 모형 Hotel corporation Internal growth rate Sustainable growth rate Babcock model Higgins model