공공기관의 경영 효율성과 부채수준의 관련성에 관한 연구The Relation between Management Efficiency and Debt Ratio in Public Institutions
- Other Titles
- The Relation between Management Efficiency and Debt Ratio in Public Institutions
- 장지경; 유순미
- Issue Date
- Public Iinstitutions; Management Efficiency; Debt Ratio
- 품질경영학회지, v.50, no.1, pp.139 - 151
- Journal Title
- Start Page
- End Page
- Purpose: This study aims to delve into the empirical implications in management efficiency by analyzing the
relation between management efficiency and debt ratio in public institutions.
Methods: Based on 165 public institutions published in public business information system from 2016 to 2020,
Data Envelopment Analysis(DEA) for estimating management efficiency was performed. This study analyzed
the relationship between management efficiency and debt ratio using multi‐regression analysis. It also examines
how the relationship varies depending on the type of public institution.
Results: The results of this study are as follows; We find that there is no significant relation between management
efficiency and debt ratio. However, we find that this relationship can be different depending on the
type of public institution. Management efficiency is negatively associated with debt ratio for quasi-market
type public institutions. This negative relation tends to mitigate for market type public institutions, which
suggests that management efficiency may convey differential implications depending on the type of business
environment represented by the type of institution.
Conclusion: The overall results suggest that the government needs to due caution in establishing a policy
plan to reduce debt by increasing management efficiency, taking the specific business environment, particularly
with regard the type of institution.
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- College of Business Administration > 회계세무학부 > Journal Articles
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