Earticle

초록

영어

The purpose of this study is to find out the effect of leverage on the level of cash holdings and to help manager 's decision making. For this purpose, 46 out of 53 domestic foodservice companies, which have financial statements, confirmed the following results. First, the cash holding ratio is 63.398%, which indicates that a considerable amount of cash is needed to operate a foodservice companies. In addition, leverage is 55.335%, which is well managed. As for other variables, it is considered that the foodservice companies operate trend-oriented according to the consumption trend. Second, although the correlation coefficient is not high in the correlation analysis, most of them are related. In particular, cash holdings and leverage could be replaced, and leverage could be adjusted based on liquidity. Also, the higher the cash flow ratio, the higher the cash holdings. Third, the indicators that have an influence on the level of cash holdings are leverage, firm size, ratio of operating income to sales and net working capital. If leverage is high, or the size of the firm is large and the liquid assets are available, then the company does not need to hold a lot of cash. However, if the operating profit margin is high, cash inflow will increase. This suggests that the leverage of the food service company will affect the level of cash holdings, and it will be possible to secure cash by using liquid assets.

목차

ABSTRACT
Ⅰ. 서론
Ⅱ. 이론적 배경
1. 현금보유수준과 레버리지
2. 현금보유수준에 대한 선행연구
Ⅲ. 연구설계
1. 연구 기업 선정
2. 연구대상 기업의 측정 변수 및 분석
Ⅳ. 분석결과
1. 외식기업의 주요 지표
2. 외식기업의 현금보유수준 등 변수간 상관관계 분석
3. 외식기업의 현금보유수준에 대한 영향력 분석
Ⅴ. 결론
참고문헌

키워드

저자

• 구원일 [ Wonil Koo | 세종대학교 호텔외식관광프랜차이즈경영학과 조교수 ]

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  관광경영연구 [Journal of Tourism Management Research]

• 간기

  연7회

• pISSN

  2092-528X

• 수록기간

  1997~2021

• 십진분류

  KDC 326 DDC 338