• Title/Summary/Keyword: project finance

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Does ODA Improve the Business Climate of Low and Middle Income Countries? (공적개발원조(ODA)가 개발도상국가의 창업/금융 환경을 개선시킬 수 있는가?)

  • Jun, Sung Hee
    • International Commerce and Information Review
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    • v.17 no.2
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    • pp.69-93
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    • 2015
  • Developing countries including poor countries cannot accumulate enough domestic saving and government budget for their industrialization. They need to finance the capital for development from abroad sources; foreign direct investment (FDI) and official development assistance (ODA). The developing countries can improve their business climate for more ODA. This paper examines whether ODA improve the business climate of developing countries. In this paper, the business climate are measured by the starting business scores and the scores of credit and protecting investor in Doing Business project of World Bank. According to the empirical result, ODA has significant effect on the starting business scores for low and lower middle income countries, but insignificant effect for upper middle countries. In the case of the scores of credit and protecting investor, ODA has significant effect only for lower middle income countries.

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A study on the effective operation&selection of the BTL project (BTL사업자의 효율적인 선정 및 운영에 관한 연구)

  • Kim, Kyung-Suk;Choi, Moon-Bok;Cho, Young-Ju
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2007.11a
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    • pp.599-602
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    • 2007
  • To enhance the competition of National power, the investment of SOC is an essential factor for infrastructure construction. The capital for SOC is so gigantic and the national finance is limited, engagement of various subject is necessary. So, Government is promoting the private sector to invest capital in SOC development. Nevertheless the increasement of SOC investment, various problems were issued in selection & operation of BTL. Therefore, to raise the probability of success for BTL project, escalation, unification and specialization of BTL affairs, BTL selection process were suggested in this study.

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A PMO Function Study through RFP Analysis of Financial Next- Generation Project (금융권 차세대 프로젝트 제안요청서 분석을 통한 PMO 기능 연구)

  • Choi, SeongJun;Lee, SeoukJoo
    • Proceedings of the Korea Information Processing Society Conference
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    • 2015.10a
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    • pp.932-935
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    • 2015
  • 여러 산업 분야에서 신기술 도입 및 고객의 요구 사항 변화에 따라 급속한 정보화가 진행 중이다. 정보 시스템을 주요 기반으로 한 금융산업의 경우, 이러한 변화에 대응하기 위해 상당한 규모의 차세대 프로젝트를 진행하고. 이를 통해 기업은 법률, 규제 및 고객 요구 사항 등 외부 요인에 신속히 대응하고, 내부 프로세스 개선을 통해 기업의 가치를 성장시키려고 한다. 차세대 프로젝트란 기업이 반드시 성공시켜야 하는 프로젝트로, 금융권은 프로젝트 성공률을 높이기 위해 PMO 제도를 도입하고 있는 추세이다. 본 연구는 프로젝트 준비단계 산출물인 제안요청서 (RFP)를 국제 프로젝트 관리 표준인 ISO 21500 (Guidance on Project Management)을 기준으로 제안요청서 (RFP)가 프로젝트 성공에 필요한 제반 기능과 정보를 포함하고 있는지 분석하였다. 분석 결과 차세대 금융 PMO의 RFP는 ISO21500의 기준과 상당한 차이가 있음을 발견하였다. 향후 제안요청서(RFP) 작성의 중요성을 인식하고, ISO21500 관리 기준에 맞춰 기능을 개선하고 보완해 나간다면 프로젝트 성공률을 높일 수 있을 것이다.

A Study on Urban Regeneration Business Model Utilizing Idle Facilities in Old Town - Focusing on the City Center Revitalization Projects Using Empty Houses and Empty Stores in Japan - (원도심 내 유휴시설을 활용한 도시재생사업 모델에 관한 연구 - 일본의 빈집과 빈 점포를 활용한 중심시가지활성화 사업을 중심으로 -)

  • Song, Ki-Baek
    • Journal of the Architectural Institute of Korea Planning & Design
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    • v.34 no.6
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    • pp.127-134
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    • 2018
  • The purpose of this study is to derive a model of urban regeneration business using idle facilities in the old city center. The scope of the study was set as empty houses and empty stores owned by private companies, and analyzed the 50 central city revitalization projects using idle facilities in 14 local cities in Japan. The results of this study are follows; First, as an urban regeneration strategy using idle facilities in the old town, it was a combination of other functions centering on commercial functions or introducing new functions required in the city center. Second, various financial supports have been provided to induce the utilization of idle facilities by the private sector, and different strategies have been implemented for businesses that need maintenance first. Third, based on the analysis results, it was possible to derive urban regeneration business model. Fourth, in order to operate smooth business, it is a need for an organization that is in charge of reviewing the consistency of upper-level planning and urban guiding functions such as urban revitalization plan, balance review of expenditure and revenues by cost subsidy and loan repayment, consultation among the business partners.

Corporate Social Responsibility and Consumer-Company Identification in Vietnamese Project-Based Organizations

  • NGUYEN, Linh Tran Cam
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.8
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    • pp.157-166
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    • 2021
  • In the past four decades, corporate social responsibility (CSR) issues have grown substantially due to the increasing demand for transparency and growing expectations that corporations should manage and improve their social, environmental, and economic performance. As a result, most organizations, companies, and governments provide CSR reports, while a large number of companies are still engaged in defining and integrating CSR into several aspects of their business. CSR is an obligation to society (Lee, 2020). The linkage between CSR and consumer-company identification (CCI) is important under company stakeholders. Consumers who care about those issues often change their shopping habits to bring greater value to the community. They will avoid buying environmentally or socially harmful products, and actively seek the products and services of the companies that carry out social responsibility. Companies conducting CSR activities such as charity works or environmental activities will be easy to associate as a responsible organization for always meeting the necessity of society. Therefore, companies must consider CSR a long-term strategy. The strategic approach to CSR plays an increasingly significant part in the business competitiveness - which helps create companies' values while gains trust and respect from the consumers, partners in particular, and the social community in general. This study is conducted to show evidence from project-based organizations about the CSR factors that influence consumer loyalty and the impact level of those factors on customer loyalty.

Analysis of Success Factors for Converting Passenger Aircrafts to Freighters Using AHP (AHP 기법을 활용한 여객기의 화물기로의 개조사업 성공요인 분석)

  • Gwang Cho, Cho;Hyun Cheol Lee
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.46 no.3
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    • pp.148-160
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    • 2023
  • The air transport industry is experiencing unprecedented fluctuations in aviation demand through the Covid-19 pandemic, and is more focused than ever on maintaining and generating business profitability. During the pandemic, demand for air cargo has soared, and the conversion business from passenger aircrafts to freighters(P2F) is drawing attention as a new business in the aviation maintenance industry. This study derives important factors to be considered in order to successfully carry out the P2F project through a wide range of cases and related literature, and analyzes the relative importance of each factor using the analytic hierarchy process. Through a survey of 33 aviation maintenance experts with more than 20 years of field experience, the importance of main factors and their sub factors was determined and implications were drawn. As a primary result, in order to succeed in the P2F project, the main factors were identified in the order of skill, finance, and location. The most important sub factors for each main factors were identified in order of securing airframe modification skill, securing infrastructure construction cost, and creating P2F business complex and district. The quantified success factors suggested the critical direction for the successful development of Korea's P2F business, and presented viable and specific business strategies and implementation plans for each factors.

A Case Study on the Development of Technology Rating Model for Investment (투자용 기술평가모형 개발사례 연구)

  • Hong, Jae-bum;Bae, Do Yong;Shim, Ki Jun;Hwang, Yujin;Kim, Sung-tae
    • Journal of the Korean Data Analysis Society
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    • v.20 no.6
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    • pp.2993-3002
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    • 2018
  • This case study introduces the process of developing the technology rating evaluation model for investment. The technology evaluation rating model for investment is a project that the Financial Services Commission and the Ministry of Commerce, Industry and Energy collaborated to expand the scope of technology finance from loan to investment. The technology evaluation model for investment was developed with the aim of predicting high growth companies. The model consists of a statistical model and an expert model. Here, statistical models were modeled by using logistic regression analysis. Expert models gathered opinions of experts and identified the weight of each evaluation item and set the model. The rating system of the model is composed of 10 grades. The distribution of the model was consistent with KTRS grade distribution. Interestingly, the emphasis is on technology and marketability. In the technology valuation grade model for the goddess, there is a considerable difference from the emphasis on managerial competence or business performance.

The Current State and Application of project Financing followed by Sale after Building System of the Apartment (공동주택 후분양 전환에 따른 프로젝트 금융의 현황 및 활용방안)

  • Lee Sung-Rock;Moon Hwi-Young;Lee Soo-Yong
    • Korean Journal of Construction Engineering and Management
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    • v.5 no.6 s.22
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    • pp.218-225
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    • 2004
  • The supply for the apartment complex in Korea has been accomplished by the sale before building system as a way of institutional means to support massive housing supply in the past. Although this sale before building system has helped the provision of the housing, the necessity of that has been weakened in the current housing market. As this market is changed to emphasize on consumer, the necessity of conversion to sale after building system was raised and finally enforced partially. However, the sale after building system has difficulty in ensuring construction fund and the safety of housing business. So, the diversification in the style of business structure we and the strategy for the activation of construction fund will solve these problems. Consequently, this essay examine the change and influence in the construction fund after adopting sale after building system and suggest the appropriate strategy in project financing for providing fund and reducing the risk in construction business.

The Evaluation of Value at Risk in Build Transfer Lease Project (민간투자사업의 위험가치 평가 - 임대형 민간투자사업(BTL)의 위험가치 평가 제도를 중심으로 -)

  • Choi, Seok-Joon;Kim, Sang-Sin
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.10 no.10
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    • pp.2907-2916
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    • 2009
  • PPPs(Public Private Partnerships) in Korea was introduced in 1990s, which mainly used for providing transportation facilities such as railroad and high-way. Since 2005, a service delivery type PPPs, in other words BTL(Build Transfer Lease) has been implemented, which focused on social infra-structure including school, military housing, and sewage facilities. According to previous literature, efficient risk evaluation and management is the key factor for successful PPPs in the UK and Australia. However, Korea doesn't have proper risk evaluation system for PPP type project. In this paper, we explore and analyze risk evaluation system of PPPs in Korea and other countries. Also, we apply empirical methodology used in the UK to a BTL project and set up a new PSC(Public Sector Comparator) with risk evaluation.

Research on the Significance and Improvement of Installation of Special Account for Fire Fighting Officials according to the Nationalization of Fire Fighting Officials (소방공무원 국가직화에 따른 소방특별회계 설치 의의와 개선방안 연구)

  • Park, Nam-Kwun;Ham, Seung-Hee
    • Journal of the Society of Disaster Information
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    • v.17 no.2
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    • pp.218-225
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    • 2021
  • Purpose and Method: Financial field among the various changes due to the nationalization of fire fighting officials is the main point and to stably settle according to the purpose, improvement of special account for fire fighting officials is suggested by analyzing the facts and related acts. Results: To use the fire fighting project budget entirely in fire fire fighting project by the purpose of the installation of special account for fire fighting officials, dual budgeting standard for labor cost should be revised. In the reserve cost budgeting standard "Within 1/100 of the total budget rule" total budget includes the labor cost, as a result reserve cost budget will keep increase, so reserve cost budget should be fixed by the project budget instead of the total budget. Conclusion: To use the fire fighting budget by the purpose of the installation of special account for fire fighting officials, improvement on budgeting standard is necessary to increase quality of the fire service and stably operate the fire fighting organization.