Further Investigations on the Financial Attributes of the Firms listed in the KOSDAQ Stock Market

Kim, Hanjoon

doi:10.5392/ijoc.2013.9.2.027

Cited by 7 publications

(3 citation statements)

References 23 publications

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“…As an extended study of the previous literature and to mitigate a possibility of measurement error and omitted variables in terms of econometric context, the IDVs which had showed their significant effects on corporate cash reserves in [11], were employed in the models. That is, nine variables had been found to be statistically prominent to explain the cash savings, which tends to be supported by academic theories and practices in the modern finance.…”

Section: Data Selection and Variablesmentioning

confidence: 99%

Financial Factors Influencing Corporate Cash Reserves of Firms in Chungcheong Province in the Korean Capital Markets

Kim¹

2017

Journal of the Korea Academia-Industrial cooperation Society

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This study examines financial factors affecting cash holdings of firms in the domestic capital markets.Specifically, this study focuses on regional firms with headquarters in Chungcheong province, the Republic of Korea, which features little previous research concentrating on the firms in the particular region. Three primary hypotheses were empirically tested utilizing robust econometric models, including static panel data, Tobit regression, and logistic models.Results reveal only five explanatory variables, including DSO, LIQUID, LEVERAGE, PMARGIN, and SIZE, showed statistically significant effects on the level of cash holdings among the nine variables studied. In addition two IDVs, LEVERAGE and FOS, showed significant differentiated effects between firms with headquarters in North and South Chungcheong regions. With continued debate among interested parties on the optimal level of cash reserves, the study provides a new vision for the optimal cash reserves for firms with headquarters in Chungcheong Province, where unprecedented socio-economic factors are driven.

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Section: Data Selection and Variablesmentioning

confidence: 99%

Financial Factors Influencing Corporate Cash Reserves of Firms in Chungcheong Province in the Korean Capital Markets

Kim¹

2017

Journal of the Korea Academia-Industrial cooperation Society

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“…To reduce any subjectivity or bias as much as possible when selecting predicted variables entered into each model of this study, the following criteria, from the perspective of the researcher, were contemplated as in [19] to account for this issue on the selection procedure. …”

Section: Independent Variable(idv)mentioning

confidence: 99%

Financial Profile of Capital Structures for the Firms Listed in the KOSPI Market in South Korea

Kim¹

2013

The Journal of the Korea Contents Association

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“…For instrance, one of the prevalently studied subjects in the finance literature seemed to be the issue of capital stucture across all types of capital markets such as advanced and emerging ones. [6,7,8] The paper consists of five sections as follows: Coupled with the first section as an introduction one elaborating on the primary motivations for this particular study, the second section was presented to review the previous literature focusing on the issues of the proposed determinants of a firm's profitability and other related financial subjects including the capital structure, which, had also frequently been referred by many researchers in finance [10] as major researches on the subjects. Next, illustrated were the presentation on the data collection and major methodologies applied to the three hypothesis tests.…”

Section: Introductionmentioning

confidence: 99%

A Review on the Financial Profile of Profitability for the KOSDAQ Listed Firms Headquartered in 'Chungcheong' province in the Republic of Korea

Kim

2013

Journal of the Korea Academia-Industrial cooperation Society

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From foreign and/or domestic investors' perspectives, it may be interesting to find any financial attributes or profile of the firms headquartered in 'Chungcheong' province concerning profitability, given that this subject so far drew less attention in the previous literature. This study performed three hypothesis tests on the profitability indicator by utilizing the models such as the 'panel data' one and the 'logistic' regression one, applying a modified 'Dupont' system. With respect to the major findings, the results identified that the proxies measuring leverage across the book-value(BVLEV1) and the market-value(MVLEV1) bases, were statistically significant constituents determining profitability. Another explanatory variable, SIZE, with its positive and statistically significant relationship to the indicator, represented that the firms in the province were smaller than their counterparts in the other regional areas in Korea. DRELY applying a modified 'Dupont' system, found to be the only statistically significant discriminating factor between these comparison groups. As one of the primary contributions of this study, the outcomes may be used by the financial institutions operated across the regions including Seoul Metropolitan area, when implementing their lending practices to provide funds for potential borrowers such as the firms belonging to 'Chungcheong' province. 요 약

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Further Investigations on the Financial Attributes of the Firms listed in the KOSDAQ Stock Market

Abstract: ABSTRACT

Cited by 7 publications

References 23 publications

Financial Factors Influencing Corporate Cash Reserves of Firms in Chungcheong Province in the Korean Capital Markets

Financial Factors Influencing Corporate Cash Reserves of Firms in Chungcheong Province in the Korean Capital Markets

Financial Profile of Capital Structures for the Firms Listed in the KOSPI Market in South Korea

A Review on the Financial Profile of Profitability for the KOSDAQ Listed Firms Headquartered in 'Chungcheong' province in the Republic of Korea

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