財務比率分析을 통한 建設企業의 倒産硏究
(The) Study on Bankruptcy on Construction Company According to Analysis of Financial ratio
재무비율분석 건설기업 도산연구;
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Many construction companies have been bankrupt after IMF which impacted on Korean economy. The object of this study is to predict business failures and find the way of management to handle these events measurably. This study is in the field of CM as a New-Paradigm that combines management and skill and is close to the field of construction management. This study researched the present condition of construction companies. The statistic tools including logistic regression analysis which analyzed financial condition of companies and business failures regarding weakness of financial system and difficulty of raising the capital were used to predict business failures. This study referred to three papers - "The Study on the Forecast of Construction Business Failure according to financial ratio" by Architectural institute of Korea, "The Effects of Construction Company's Finance on the Bankruptcy" by Construction institute of Korea and The Study on Financial Crisis and Bankruptcy on Construction Company" Especially, it used statistic analysis and management analysis data of construction companies from Construction Associate of Korea and data from the Bank of Korea. Also, it used the theory of Altman who is a very famous scholar and was completed by receiving instruction from the prominent professor Jeon, Seong-Bin who is an expert regarding business failures.