| Title |
Analysis of the financial products for supporting financing of small and medium-sized construction companies |
| DOI |
https://dx.doi.org/10.6106/KJCEM.2022.23.4.036 |
| Keywords |
Financing; Financial Product; Small and Medium-sized Construction Companies; Fuzzy System |
| Abstract |
It takes a relatively long time for construction companies that lack the ability to finance to adapt to construction policy in the construction industry. However, financial institutions rarely provide financial products to construction companies, particularly small and medium-sized construction companies, because their security capacity and credit rating are low. This study investigates the financial products needed for small and medium construction companies to adapt to policy changes. The demand of small and medium construction companies for financial products is analyzed by experts’ advise and survey. And, when the investigated financial products for the construction industry are introduced, the legal systems in need of revision are analyzed. Based on the analyzed demand and the number of legal systems needing revision, the priority for the introduction of financial products to the construction industry is analyzed. Among the financial products investigated, the priority of “Expert consultation, such as accountant, tax accountant, lawyer, etc.” is the highest. In future studies, the criteria and method of financial product development for high-priority financial products could be researched. |