This study examined one of the issues receiving little attention so far, which pertains to financial attributes of the corporate profitability indices for large firms listed in the KOSPI market. Given the gradually dissipated profitability levels between the top- and bottom-ranked large firms at the micro level and the on-going progress of the domestic capital markets at the macro level, it is noteworthy to investigate these elements. Two hypotheses were postulated and tested on the basis of major sample industries. The first hypothesis test was conducted to find any financial components of profitability measured at the market and book bases utilizing dynamic panel data analysis. Moreover, ANCOVA with a posteriori test, was then performed to discern any grouping level of profitability among the sample industries.
Abstract
Ⅰ. Introduction
Ⅱ. Literature Review
Ⅲ. Methodology
Ⅳ. Analysis and Interpretation
Ⅴ. Concluding Remarks
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