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http://dx.doi.org/10.12812/ksms.2022.24.2.067

A Proposal for Risk Management according to Organizational Tendency for the Overseas EPC Projects of Public Company  

Jang, Hyung Sik (Namseoul University Graduate School, Industrial Management Engineering)
Koo, Il Seob (Namseoul University, Dept. of Bigdata & Management Engineering)
Publication Information
Journal of the Korea Safety Management & Science / v.24, no.2, 2022 , pp. 67-76 More about this Journal
Abstract
Power generation construction projects involving large amounts of capital can affect the survival of a company along with huge economic losses in the event of a business failure. In general, private companies are organizations with challenging risk taking tendencies while public companies have a risk averse tendency to avoid risk, so these differences in organizational tendencies make it difficult to respond to risk. In particular, public companies are more likely to fail than private companies because they choose the contradiction of risk picking to enter overseas markets with high uncertainty despite their tendency to risk averse due to the nature of the organization. Therefore, these organizations need risk management techniques that reflect a risk-averse strategy. Accordingly, this paper analyzes the risk management research papers of the existing overseas development EPC business in order to find the risk management techniques related to the organizational tendencies of public companies and proposes "establishing a performance audit system for risk management of the organizational tendencies of public companies" as a way to extract the risk factors through the examples of overseas development projects of public companies and to manage the organizational tendencies of public companies that affect them.
Keywords
Public company; Organizational tendency; Overseas power EPC project; Risk management;
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