은행 및 비은행 금융기관 차입금이 기업의 성과에 미치는 영향

Abstract

This Study analyzed relationship between business performance and corporate borrowing targeting small and medium-sized enterprises among the listed companies in Korea. By analyzing corporate borrowing separated to bank loans and non-bank loans, tried to the discussion about "Of the bank loans and non-bank loans, which one have a significant effect on the business performance". Firstly, there was a negative statistical correlation between business performance and corporate borrowing when analyzed by borrowing in the current period. also, Bank loans has had a negative impact on business performance than the non-bank loans. In this case, I infer that the interest cost about long-term bonds and institutional issues such as borrowing process and period is applied to the risk. Secondly, there was a positive statistical correlation between business performance and corporate borrowing when analyzed by borrowing in the previous period. also, Bank loans has had a positive impact on business performance than the non-bank loans. In this case, I infer that companies receive the profits from investment activities and revenue activities through borrowing. It is intended as another example, the safety of bank loans is affected more positive. Finally, In the industry D and industry M, Issued the same conclusions as a result it has been previously analyzed.