주요 전략지수별로 살펴 본 국내 대형건설업체의 해외건설 진출전략 효과에 대한 실증적 연구

Translated title of the contribution: Empirical Assessment of International Entry Strategy for Large Construction Companies

Research output: Contribution to journalArticlepeer-review

Abstract

Although international construction market gradually takes a important position among the export industries, the previous studies about international construction entry strategy have just focussed on trend investigation or suggestion for revitalization. Moreover, in order to prepare the market uncertainty such as world financial crisis and to plan the long term strategy, specific strategy studies based on corporate level are required. Therefore, this study estimates the nine strategic index and four financial index of 31 companies that performed 1920 international projects from 1993 to 2007 and evaluate the performance as three periods by multi-regression analysis. Also, this study analyze dynamic correlation between these index and the performance considering times. this study verifies that market diversification, product diversification, localization and decrease of debt to asset ratio make a good effect on the international order as long term strategy and shows that collaborated entry with domestic corporations, alliance entry with host country's company, alliance entry with third country's company, portion of labor cost and portion of management expense differently make a influence on the performance as times. these results will be helpful for the construction companies to plan the international entry strategy reasonably and specifically.
Translated title of the contributionEmpirical Assessment of International Entry Strategy for Large Construction Companies
Original languageKorean
Pages (from-to)59-69
Number of pages11
Journal한국건설관리학회 논문집
Volume11
Issue number1
DOIs
StatePublished - Jan 2010

Fingerprint

Dive into the research topics of 'Empirical Assessment of International Entry Strategy for Large Construction Companies'. Together they form a unique fingerprint.

Cite this