A FIELD STUDY OF FINANCIAL PRACTICES OF MEDIUM-SIZE FIRMS IN KOREA

Abstract

The main objective of this study is to analyze financial problems of medium-size firms in order to get a general picture of financial conditions and practices of these firms in Korea. By tracing sources and uses of funds, we may obtain a clear picture of financial operations of these firms. The reason for relying on a field study to draw a general picture of financial problems is that shortages of reliable data are very acute in Korea. Under the circumstances, a more meaningful conclusion may be obtained through detailed analysis of individual firms rather than utilizing unreliable industrial data.

In this study, the writer carefully selected 10 manufaturing firm from textile, chemicals, metal products, machinery, printing, and electrical appliance, All of them were recognized as good models for other firms to follow by the Medium Industry Bank nd fall under the category of medium-size firm. I personally visited all of fen onipanies and talked most of their executives.