| Title |
Analyzing Risk Factors of the Real Estate Project Financial |
| Authors |
Lee Chi-Joo ; Kim Sang-Ki |
| Keywords |
Project Financing ; The Small/Medium Sized Construction Firms ; Fuzzy Theory ; Risk Analysis |
| Abstract |
The number of project financing has sevenfold increased between 2003 and 2007, in Korea. The number of project financing in worldwide has increased by 29.7% from 2005 to 2006. Therefore, there is a clear sign that the project financing is becoming common. However, in Korea, rather than project itself, the credit of construction firm is decisive factor for both the size of financial support and whether or not the project is carried out. Therefore it enlarges the business risk and brings about biased beneficiary. Especially, project financing consists of many business participants, so there are many possible risk factors and therefore high risk possibility. If we analyze and minimize these risk sources beforehand, strategic decision-making and high profitability business would be possible. In this research, we attempt to evaluate the factors by fuzzy theory that have effects on project financing of small & medium enterprises that have relatively smaller credit than large enterprise. |