우리 나라 해외건설의 경재우위 요인에 관한 연구 = A Study on the Competitive Advantage Factors of Korean Overseas Construction Industry

다국어 초록 (Multilingual Abstract)

The purpose of this study was to examine what factors gave an impact on the competitive advantage of Korean construction businesses in foreign countries, in a bid to discuss how they could enhance their business structure and international competitiveness. It's intended to identify the major factors related to their competitiveness and to access the individual weight of the factors before, during and after the financial crisis that required the bailout package from IMF. This attempt will be able to figure out how the key competitive factors were affected by the environmental changes and thereby to suggest what the overseas construction firms needed to focus on to survive the financial crisis and what they should pursue to secure sustained growth after that crisis.
The subjects in this study were the domestic construction companies that have made inroads into foreign construction markets. After a survey was conducted to find out their competitive advantage factors before, during and after the financial aid term from IMF, the collected data were analyzed by multiple regression analysis.
For experimental analysis, overseas construction records were selected as an dependent variable, and overseas construction competitive advantage factors that were divided into internal and external business factors were set as an independent variable. As a result, it's found that eight variables exercised a significant influence before the IMF support. And three variables and five variables has a sisnificant impact during and after the IMF financial aid term respectively. More competitive internal business factors and better external environment were identified as the variable that had more significant relations to business performance.
First, before the financial crisis, they had higher records when among internal factors, fund-raising capabilities, global marketing ability, strategic planning power, CEO ability and purchasing/procurement operations were better. While being aided by IMF, more competent CEO and more superior purchasing/procurement activities resulted in elevating business showings. In the post-IMF period, higher global marketing capabilities, more competent CEO and more excellent purchasing/ procurement operations led to higher business records.
Secondly, concerning external factors, all the three variables were associated with business performance before the financial crisis. During and after the financial support term from IMF, more favorable political and legal environment made a contribution to making higher business showings.