• 제목/요약/키워드: Construction Firms

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외환위기 이후 국내건설회사의 효율성 분석 (Analyzing the Technical Efficiency of Korean Engineering and Construction Firms after the Financial Crisis)

  • 김건식
    • 한국건설관리학회논문집
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    • 제6권1호
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    • pp.151-161
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    • 2005
  • 본 연구는 자료포락분석(Data Envelopment Analysis, DEA)을 이용하여 국내 건설회사를 대상으로 효율성을 측정하고 효율성의 연도별 추이를 파악하며 개별기업 및 산업차원에서 비효율성에 영향을 미치는 요인을 분석하였다. CCR모형 및 BCC모형을 적용하여 기술적 효율성 및 순수기술적 효율성을 측정하였고 Window분석을 통하여 연도별 효율성의 변화 추이를 파악하였다. 또한 비효율적인 기업을 대상으로 효율적인 기업이 되기 위한 목표치와 참조집합을 예시하였으며 수익성과 효율성의 시계열자료를 이용하여 효율성 측면에서의 선도기업을 도출하였다. 효율성에 영향을 미치는 요인으로 기업집단의 소속여부에 따른 효율성 차이를 검증하고, 매출액 중 건축비중, 토목비중, 외주비율 등과 효율성과의 상관관계를 식별하였다. 이와 같은 분석은 개별 기업의 효율성에 관한 벤치마킹 및 전략목표설정에 기여하며, 산업경쟁력을 높이기 위한 바람직한 정책 수립에 활용될 수 있다.

ERP 시스템적 요인에 따른 성공적인 구축전략에 관한 연구: 한.중 기업 중심으로 (A Study of ERP Construction Strategies by System Factors: Based on Case Studies of Korea and China Firms)

  • 김창해;권영직;최군;이상훈;김수연
    • 한국산업정보학회논문지
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    • 제17권3호
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    • pp.69-81
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    • 2012
  • 본 논문은 한국 기업 2개와 중국 기업 2개를 선정하여 ERP 시스템적 요인별로 성과 분석을 실시한 후 성공적인 ERP 시스템 구축을 위한 전략을 제시하였다. 이와 같은 목적을 달성하기 위하여 본 논문에서는 ERP 시스템의 편의성, ERP 시스템의 유연성, ERP 시스템의 활용성 요인별로 문헌연구 및 실증분석을 하였으며, 또한 한국과 중국 기업 간에 ERP 시스템적 요인별로 비교분석을 하였다. 이를 토대로 본 논문에서는 3개의 ERP 시스템적 요인별로 성공적인 ERP 시스템 구축을 위한 전략을 제시하였다.

건설 정보화 시스템의 BSC기반 성과지표 개발 (Development of Performance Indicators for Construction IT Tool based on BSC)

  • 강인석;김현승;문현석;김창학;이동욱
    • 한국철도학회:학술대회논문집
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    • 한국철도학회 2011년도 정기총회 및 추계학술대회 논문집
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    • pp.3220-3225
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    • 2011
  • Current IT Tools for construction project have been developing to satisfy the requirements of improving productivity and quality. Especially, the critical technology of the construction IT tools is the BIM (Building Information Modeling) which integrates and controls the construction information by modeling the structures in the virtual environment. Many domestic studies have been performed for developing various BIM tools and these have been demonstrated through a successful case study. However, because of the most studies focused on architecture and major construction firms, small construction firms are very difficult to utilize a BIM tool without a verification of it. To resolve these problems, this study suggests performance indicators to quantitatively assess the utilization of 4D CAD which is one of the representative BIM tools by BSC (Balanced Score Card). This performance indicator will be used as a measurement for applying IT tools in Construction Project.

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CONSULTANTS' NEEDS AND EXPECTATIONS FROM CONTRACTING ORGANIZATIONS IN NORTHERN CYPRUS BUILDING CONSTRUCTION INDUSTRY

  • Mehmedali Egemen;Abdulrezak N. Mohamed
    • 국제학술발표논문집
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    • The 1th International Conference on Construction Engineering and Project Management
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    • pp.986-991
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    • 2005
  • Intense competition existing in construction market creates an industry that is dominated by the client groups. Numerous studies dealing with private clients' needs and expectations from contractor firms exist in the literature. However in the unique construction industry, in addition to clients, consultants as representatives of clients will almost always have very important roles to play as well. By presenting survey findings of 50 consultant firms, this study provides insights into consultants' general needs and expectations from contracting organizations on behalf of their clients by using the data from Northern Cyprus private building construction market.

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A View from the Bottom: Project-Oriented Risk Mining Approach for Overseas Construction Projects

  • Lee, JeeHee;Son, JeongWook;Yi, June-Seong
    • 국제학술발표논문집
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    • The 6th International Conference on Construction Engineering and Project Management
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    • pp.97-100
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    • 2015
  • Analysis of construction tender documents in overseas projects is a very important issue from a risk management point of view. Unfortunately, majority of construction firms are biased by winning contracts without in-depth analysis of tender documents. As a result, many contractors have incurred loss in overseas projects. Although a lot of risk analysis techniques have been introduced, most of them focus project's external unexpected risks such as country conditions and owner's financial standing. However, because those external risks are difficult to control and take preemptive action, we need to concentrate on project inherent risks. Based on this premise, this paper proposes a project-oriented risk mining approach which could detect and extract project risk factors automatically before they are materialized and assess them. This study presents a methodology regarding how to extract potential risks which exist in owner's project requirements and project tender documents using state of the art data analysis method such as text mining, data mining, and information visualization. The project-oriented risk mining approach is expected to effectively reflect project characteristics to the project risk management and could provide construction firms with valuable business intelligence.

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Critical financial variation of ratios between healthy and workout construction firms

  • Im, Haekyung;Choi, Jaehyun
    • 국제학술발표논문집
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    • The 6th International Conference on Construction Engineering and Project Management
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    • pp.354-356
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    • 2015
  • As domestic recession has had an adverse impact on many Korean companies in Korea, financial soundness has become a critical issues. It is essential to identify financial risk factors to prevent workout as well as to improve the financial condition of domestic construction companies. Therefore, this study derived important management indicators and the financial ratios that belong to each indicator through a comparative analysis between healthy companies and workout companies with financial statement. As a consequence, key financial ratios are derived into 3 of 25 ratios; Equity Ratio in stability indicator, Total Asset Turnover Ratio in activity indicator, and Labor Equipment Ratio in productivity indicator. So, Korean construction firms are required close monitoring these critical financial ratios indicating variation between construction companies which have opposing statuses in finance in order to keep sound financial condition and increase productivity.

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건설기업의 녹색건설 경쟁력 요인에 관한 연구 (A Study on the Competitiveness of Green Construction in Construction Firms)

  • 이의동;이재욱;김한수
    • 한국건설관리학회논문집
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    • 제13권5호
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    • pp.125-134
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    • 2012
  • 건설산업에 있어서 녹색 또는 그린(Green)은 차세대 신 성장동력의 핵심적인 키워드로 부상하고 있다. 녹색건설 경쟁력을 갖추는 것은 건설기업의 생존과 발전을 위해 중요하며 이를 위해 녹색건설 경쟁력 요인에 대한 이해는 필수적이다. 본 연구의 목적은 건설기업이 녹색건설 경쟁력을 확보하기 위해 요구되는 경쟁력 요인을 발굴하고 Gap 분석 기법을 통해 경쟁력 요인의 중요도와 현 수준을 분석하여 주요 특징과 시사점을 도출하는데 있다. 녹색건설 경쟁력 요인에 대한 이해는 건설기업의 녹색건설 전략 수립을 위한 선행 작업이며 동시에 녹색건설 관련 정책 및 제도 수립에 있어 건설기업에게 어떤 동기부여를 해야 하는지를 이해하기 위해 필수적이다. 본 연구를 통해 나타난 주요 결과를 요약하면, 첫째, 녹색건설 경쟁력의 중요도와 현 수준을 분석한 결과 중요도와 비교하여 현 수준이 모두 낮은 것으로 나타났다. 둘째, 녹색건설 경쟁력의 중요도와 현 수준 관점에서 CEO 역량 부문은 큰 격차가 없는 것으로 나타났지만 기업 역량 부문에서는 큰 격차가 있는 것으로 나타났다. 셋째, 녹색건설의 R&D 전략과 녹색건설 협력업체의 보유 및 협업 역량이 중요도와 현 수준의 차이(Gap)가 가장 크게 나타났다.

The Role of Corporate Governance in Financially Constrained Firms

  • KANG, Shinae
    • 융합경영연구
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    • 제7권3호
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    • pp.43-49
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    • 2019
  • Purpose - This paper empirically investigates what factors contribute to management decisions by corporate governance in the Korean stock market. In the paper, dividends and investments were imployed as management decisions and major stockholders' shares and foreign investors' shares were used as corporate governance. Research design, data, and Methodolog - Samples are constructed by manufacturing firms listed on the stock market of Korea as well as those who settle accounts in December from 2001 to 2018. Financial institutions are excluded from the sample as their accounting procedures, governance and regulations differ. This study adopted the panel regression model to assess the sample construction including yearly and cross-sectional data. Results - This results support the literatures that major shareholders showed insignificance to dividends, positive significance to investment in financially unconstrained firms and negative significance to investment in financially constrained firms. Whereas foreign investors favor firms to increase dividends but they decrease investments only in financially constrained firms. Conclusion - This paper documented evidence that financial constrained firms use dividends for their investment and foreign investors decrease investments under financial constraints. But for dividends decisions, foreign investors give significant positive impacts irrespective of financial constraints.

분양가 자율화와 건설회사의 주가 (A Study of the Deregulation of New Apartment Sales Price and the Stock Price of Construction Firms)

  • 양중식
    • 한국건설관리학회논문집
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    • 제20권5호
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    • pp.3-11
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    • 2019
  • 본 연구는 분양가 자율화가 건설회사의 주가에 미치는 영향을 분석하였다. 실증적인 분석방법으로, 본 연구는 전통적인 사건 연구방법을 이용하여 분양가 자율화가 미치는 영향을 분석하였고 회귀분석방법을 이용하여 어떤 변수와 관계가 있는지 분석하였다. 본 연구의 결과는 다음과 같이 요약하였다. 첫째로, 정부가 분양가 자율화 발표시 주식의 누적추과수익률은 양의 값을 갖는다. 발표전 -10일과 발표후 +10일간의 거래기간인 21일 동안의 누적초과수익률은 25.51%이며 1%수준에서 유의하였다. 본 결과는 분양가 자율화가 긍정적인 정보를 증권시장에 전달하는 것으로 나타났다. 둘째로, 회귀분석결과 본 연구는 누적초과수익률이 매출액총이익률과 관계가 있는 것으로 나타났다.

The Effects of Financial Constraints on Investments in Korean Stock Market

  • KANG, Shinae
    • 동아시아경상학회지
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    • 제7권4호
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    • pp.41-49
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    • 2019
  • Purpose - This paper empirically investigates what factors contribute to corporate investments under financial constraint condition in the Korean stock market. In the paper, tangible assets' growth rate and fixed assets' growth rate were employed as investment performance and total assets were also used for comparison purpose. Research design and methodology - Samples are constructed by manufacturing firms listed on the stock market of Korea as well as those who settle accounts in December from 2001 to 2018. Financial institutions are excluded from the sample as their accounting procedures, governance and regulations differ. This study adopted a fixed panel regression model to assess the sample construction including yearly and cross-sectional data. Results - This results support the literatures that major shareholders showed positive significance to investment in financially unconstrained firms and no significance to investment in financially constrained firms. ROA showed positive significance to investment in financially unconstrained and constrained firms, whereas firm size showed negative significance to investment in financially unconstrained and constrained firms. Debt showed no positive significance to investment in financially unconstrained firms and negative significance to investment in financially constrained firms. Conclusions - This paper documented evidence that ROA and firm size are important factors to investment irrespective of firms' financial constraints. And this paper also supports that major shareholders give positive impact to investments in financially unconstrained firms. This means that financial constraints itself rule corporate' investment decision in financially constrained firms.