국내 5성급 호텔의 주요 재무지표가 타인자본비용에 미치는 영향

• 영문명: The Effect of Financial Ratio on the Cost of Debt of 5 Star Hotels in Korea
• 발행기관: 관광경영학회
• 저자명: 구원일 고진현
• 간행물 정보: 『관광경영연구』제23권 제4호, 201~216쪽, 전체 16쪽
• 주제분류: 사회과학 > 관광학
• 파일형태: PDF
• 발행일자: 2019.07.31

영문 초록

The purpose of study is to investigate the relationship between the cost of debt and the financial leverage of hotel companies. It selected 32 out of 45 five star hotels in Korea and presented the following research results. First, while cost of debt are low at 3.09%. Howerver the average DFL was 1.40 and the maximum is 37.5. As a result, some hotel companies have high financial volatility due to the cost of other capital. Second, empirical analysis shows that DFL, debt ratio, return on assets, and the security solvency have a common influence. In other words, it is influenced by measurement variables and affects the future cost of debt. The results showed that the present financial leverage, which is measured by the risk of the company affects the procurement of cost of debt in the future's. Therefore, managers and creditors need to be aware that risk premiums can be reflected by affecting the procurement of cost of debt in the future according to the current financial risk.

목차

Ⅰ. 서 론

Ⅱ. 이론적 배경

Ⅲ. 연구설계

Ⅳ. 성과분석

Ⅴ. 결 론

참고문헌

키워드

5 star Hotel Cost of Debt Degree of Financial Leverage Cost of Borrowing