Financial Ratio Analysis of Korean Households

Moon, Sook Jae; Yuh, Yoonkyung; Hanna, Sherman D.

doi:10.1177/1077727x02030004004

Cited by 12 publications

(5 citation statements)

References 7 publications

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“…Kim and Lyons (2008) also controlled for income and wealth when using the solvency, liquidity, and investment asset ratio and noted that not meeting the investment guidelines used in the study was associated with lower levels of income and wealth for all three ratios. Moon, Yuh, and Hanna (2002) were able to calculate the inflection point on income when each ratio changed from positive to negative. Using a liquidity guideline of three months, they found that income had a positive effect on the liquidity ratio up to $50,966, but above this amount until $87,616, it had a negative effect.…”

Section: Independent Variablesmentioning

confidence: 99%

Financial Ratios and Perceived Household Financial Satisfaction

Garrett¹,

James²

2013

Journal of Financial Therapy

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This paper tests the relative association of three objective measures of financial health (using the solvency, liquidity, and investment asset ratio) against a household's subjective feeling of current financial satisfaction. Utilizing a financial satisfaction framework developed by Joo and Grable and a sample of 6,923 respondents in the 2008 Health and Retirement Study, this paper presents evidence of two main findings: (a) the solvency ratio is most strongly associated with financial satisfaction levels based on a cross-sectional design and (b) changesin the investment asset ratio are most strongly associated with changes in financial satisfaction over time.

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Section: Independent Variablesmentioning

confidence: 99%

Financial Ratios and Perceived Household Financial Satisfaction

Garrett¹,

James²

2013

Journal of Financial Therapy

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“…The capital accumulation ratio reveals how well an individual or family is advancing toward financial goals for capital accumulation. It compares the value of investment assets with net worth (Moon, et al 2002, p. 501).…”

Section: Capital Accumulation Ratiomentioning

confidence: 99%

Record-Keeping as a Factor Related to Meeting the Personal Financial Ratios Guideline

Xarba¹,

Bejko²,

Peta³

2015

Eur. j. econ. bus. stud.

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An effective way through which the families can measure the progress of their financial situation is using personal financial analysis. The aim of this study is to determine that household record-keeping of the personal expenditures and incomes is positively significant in achieving the recommended level of liquidity ratio, saving ratio and capital accumulation ratio. This study was conducted in the region of Gjirokastra, South Albania and this paper presents the partial results of this study. The analysis of personal financial ratios applied for Albania is still a “fragile seedling”. As a result, researchers, policy-makers and groups of interest should pay more attention to it. Up to the present day, there is no recommended level for financial ratios of personal financial reviews discussed in any academic projects especially for Albania. In order to perform the analysis of the ratios we have been referring to the foreign researches and their guide levels, from which were selected the guide levels that we shall refer to during the study. Based on the analysis of data related to this study, as well as on the results of Chi-Square Test, it resulted that the managers of household who keep notes on the personal expenditures and incomes are more probable to become closer to the recommended levels of financial ratios. The lack of alternative data led us to questionnaires in order to collect information. After the data was collected and refined, the programs Microsoft Office Excel and Spss Ibm Statistics were used for their elaboration. Chi – square test was used for testing.

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“…However, the above definitions all emphasize the ability to satisfy current and future needs of household members and to ward off sudden deterioration of their financial situation. Likewise, there are no generally accepted standards for the measurement of financial security (Kochis 1996), except the one typically used in the related area, namely the financial status of individuals or households in terms of their financial resources relative to current and future financial needs (Hacker 2011;Greninger et al, 1996;Moon et al, 2002).…”

Section: Introduction 11 Household Financial Securitymentioning

confidence: 99%