공기업 경영실적평가에서 재무지표의 이용 정도가재정건전성에 미치는 영향

[Purpose]Since early 2010, there has been an increase in social concerns over public debt as well as interest in national debt. However, there is little research on the role of the evaluation index in the performance evaluation system of public corporations, so this study examines the effect of use of financial indicators on the fiscal soundness of public corporations. [Methodology]The purpose of this study is to analyze the effect of the use of financial indicators on the financial soundness of the institute by dividing the business performance evaluation index into the financial index and the non－financial index for 126 samples from 2010 to 2014. [Findings]The use of financial indicators in the performance evaluation of public enterprise showed no statistically significant effect on total liabilities and sales, but it showed a positive (＋) effect on the ratio of debt to liabilities and increase in debt－to－equity ratio. This means that as the proportion of financial indicators increases in the management performance evaluation, the debt ratio increases and the debt ratio increases from the previous year. As a result of this study, it can be seen that the use of financial indicators does not affect the improvement of fiscal soundness. [Implications]It is necessary to review the effectiveness of the evaluation index in the evaluation of the management performance and to add the indicator for evaluating the stability of the public enterprise and to reflect the appropriate weighting.