| Title |
A Study on the financial condition analysis of domestic construction companies |
| Authors |
Kim, Min-Hyung ; Shim, Hyung-Seok ; Jung, Yong-Sik |
| DOI |
http://dx.doi.org/10.6106/KJCEM.2012.13.6.107 |
| Keywords |
Construction Companies ; Funding ; Construction Finance ; Credit Rating |
| Abstract |
This study is conducted so as to understand actual condition of financial difficulties confronted by construction companies in the recession of real estate market which has been continued since the financial crisis started from USA in the second half of 2008, and provide fundamental data for the establishment of policy direction. Compared with this actual condition survey with a 2008 investigation, it seems that the practice of financial institutions or credit evaluation relating parts among sections, which were pointed as problems in such investigation, are resolved to some extent. It seems that there are many causes to aggravate financial conditions as pointed at this time and such causes are related to self-problems, which are inherent to the construction business, such as the smooth settlement of construction payment, the securement of new construction projects, the limitation according to the risk inherent to the construction business, and the industry vision, etc. |