Journal of Korean Society for Quality Management (품질경영학회지)

Korean Society for Quality Management (한국품질경영학회)
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The Relation between Management Efficiency and Debt Ratio in Public Institutions

공공기관의 경영 효율성과 부채수준의 관련성에 관한 연구

  • Jang, Ji Kyung (Department of Global Business Administration, Dongseo University) ;
  • Yu, Soonmi (Department of Accounting and Taxation, Collage of Business Administration, Gyeongsang National University)
  • 장지경 (동서대학교 글로벌 경영학부) ;
  • 유순미 (경상국립대학교 경영대학 회계세무학부)
  • Received : 2022.02.15
  • Accepted : 2022.03.07
  • Published : 2022.03.31
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Abstract

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.

Keywords

Acknowledgement

이 논문은 2021년도 동서대학교 'Dongseo Frontier Project' 지원에 의하여 이루어진 것임.

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