Estimating the Weighted Average Cost of Capital in Two Non-Listed Food Service Companies: SunatFood &amp; Amoje (비상장 외식기업의 가중평균자본비용 추정에 관한 연구 - 썬앳푸드와 아모제를 중심으로 - )

Chong,Yu-kyeong (정유경); Ahn, Yoon-young (안윤영); 구원일

Estimating the Weighted Average Cost of Capital in Two Non-Listed Food Service Companies: SunatFood & Amoje

Journal of Tourism Sciences
Abbr : JTS
2010, 34(2), pp.411-432
Publisher : The Tourism Sciences Society Of Korea
Research Area : Social Science > Tourism

Chong,Yu-kyeong ¹, Ahn, Yoon-young ¹, 구원일 ²

¹세종대학교
²삼성에버랜드(주)안양베네스트골프클럽

Accredited

ABSTRACT

Using the financial data of provided by DART system, this study estimated the WACC(Weighted Average Cost of Capital) of two non-listed food service companies, SunatFood & Amoje, for three years(2005-2007). In order to analyze the profitability and efficiency of the food service companies, it also compared the cost of equity and WACC with ROE(Return on Equity) and ROA(Return on Assets) respectively. Results showed that the food service companies' profitability exceeded WACC. However, results demonstrated that the compannies' profitability was low despite the financing of low cost of debt capital. Results of this study suggest that the managers should establish strategies to reduce the operating and financial risk and need to make aggressive investment decisions instead of conservative management.

KEYWORDS

Family restaurant, WACC, CAPM, ROA, ROE, Non-Listed company

Citation status

* References for papers published after 2023 are currently being built.

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Journal of Tourism Sciences 2023 KCI Impact Factor : 2.7

Estimating the Weighted Average Cost of Capital in Two Non-Listed Food Service Companies: SunatFood & Amoje

ABSTRACT

KEYWORDS

Citation status

* References for papers published after 2023 are currently being built.

Journal of Tourism Sciences 2023 KCI Impact Factor : 2.7

Estimating the Weighted Average Cost of Capital in Two Non-Listed Food Service Companies: SunatFood & Amoje

ABSTRACT

KEYWORDS

Statistics

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Issue List

Citation status

KCI Citation Counts (8)

REFERENCES (44) * References for papers published after 2023 are currently being built.

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* References for papers published after 2023 are currently being built.