• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2004.11a
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• pp.398-403
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• 2004

Construction companies have been required high technique and integration of management. Because they not only have got high competition, variation of customer's demands, social and economical changes but also more complex and specialization. Construction companies require performance measurement to exclude inefficiency and be aware of their business performance level, but domestic construction industry does not have adequate performance measurement system like as manufacture industry or business administration. So this paper evaluate of performance measure system alternatives for construction companies.

• Korean Journal of Construction Engineering and Management
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• v.11 no.6
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• pp.24-34
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• 2010

Benchmarking is an effective tool supporting improvement of corporate competitiveness and development of management strategy, however, its effectiveness may be compromised if its target and approach are not appropriate. Notably, the construction industry of Korea is unique in that it has a number of competitors sharing the same category and is significantly exposed to changes in external environment in terms of legal, regulatory and policy frameworks. Such characteristics make target corporate category rather than single company more suitable as benchmarking target and necessitate analysis of external environment. This study intends to analyze the characteristics of construction industry in Korea and conditions of domestic companies in order to propose a benchmarking process for construction industry differentiated from conventional ones.학교 건축공학과, 산학협력기술연구원;경희대학교 대학원;경희대학교 대학원;

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.27-34
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• 2002

Utilizing information and knowledge is one of the major objectives in the management of construction firm. This trend has been developed both inside of the firms and overall industry-wise. Therefore conventional methods of performance evaluation based on the financial statements such as balance sheet under GAAP(Generally Accepted Accounting Principles) are not sufficient to cover various Performance of constriction firms. Core competency of construction firms needs to be evaluated by the new performance evaluation model. In this research, the concept of BSC (Balanced Score Cards) is utilized to develop the performance evaluation model for construction firms considering four major performance indicators including financial perspective, customer perspective, learn and growth perspective, anti internal business perspective. A model of performance evaluation including criteria is proposed to evaluate construction firms based on their vision and strategy.

• Korean Journal of Construction Engineering and Management
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• v.11 no.1
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• pp.16-28
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• 2010

Construction companies are fulfilled in according to project, and it is difficult to execute the standardized process in various construction projects. Thus many construction companies is adopting BPM(Business Process Management) that meet business process change and business improvement. However, it is difficult to apply BPM in a lump because of difference of BPM characteristics and company's strategies. For this reason, it is desirable to select business process based on company's priority. This study indicated need of method for selecting business process through studying current researches, and made BPA for construction company by analyzing business process in construction company. Moreover, this study indicated core business process from a point of profitability and growth view through grasping strategic goal priority. And also, it proposed criteria for process evaluation for BPM adoption, evaluated core business process, and indicated prior business process for BPM adoption.

• The Journal of the Korea Contents Association
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• v.19 no.12
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• pp.68-83
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• 2019

The characteristics of intermediate-level waste treatment services are likely to have a negative effect because they act as a factor in promoting incentives of earnings management in the relationship between financial characteristics and earnings management in companies which are possible for earnings management. The researchers conducting this study attempted to empirically verify relationships between financial characteristics and earnings management against domestic construction waste disposal companies in consideration of the characteristics of intermediate-level waste disposal businesses, and the results are as follows. As construction waste disposal businesses grew larger, and the trade receivables collection period lengthened, the intention to increase profits via real activities strengthened. As the ability to generate cash via sales activities weakened, and the difference between the EBITDA margin and the operating margin was lower than the difference in industrial average ratio, discretionary accruals and earnings management via real activities were greater. In particular, there were differences in the variables of intermediate treatment business characteristics which reveal moderating effects by financial characteristics. This study is meaningful in that the scope of relationships between financial characteristics and earnings management in accounting is expanded to cover the construction waste disposal industry.

• Proceedings of the KAIS Fall Conference
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• 2011.05b
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• pp.579-582
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• 2011

기업의 소유구조와 기업가치에 미치는 영향에 관하여는 기존의 많은 선행 연구에서 분석되고 논의되어 왔으나, 일반 제조업과는 상이한 업종상 회계상 특성을 가진 건설기업의 경영성과를 소유구조에 따라 구분하고, 그 성과를 일반 제조기업과 비교한 연구는 미진하였다. 이에 본 연구에서는 한국기업의 주요 지분율의 증감과 경영성과와의 동질성여부, 소유구조에 따른 제조기업과 건설기업과의 성과 차이, 건설기업중 소유경영자와 전문경영자간 성과 관계에 대하여 검증하고자 하였다. 본 연구의 연구결과를 요약하면 다음과 같다. 첫째, 외국인 지분율의 증가는 기업의 미래 성장성(MTB)에 긍정적 영향을 미치는 반면 내부 및 외국인의 지분율의 증가는 기업의 효율적 운영과 동질적 상호 작용을 하는 것으로 나타났다. 또한 건설 및 제조기업에 있어서 주요 지분율의 증감은(내부 지분율, 외국인 지분율, 기관투자자 지분율) 기업 경영성과 측정 지표인 MTB, ROA에 대하여 업종간 차이를 보여주지 못하는 것으로 나타났다. 마지막으로 건설기업에 있어서, 기업의 미래 성장 가능성은 전문경영자가 경영하였을 경우가 소유경영자가 경영하였을 때보다 높은 반면 얼마나 기업을 효율적으로 운영하였는가를 측정하는 ROA지표는 상이한 결과를 산출하지 못하였다.

• Korean Journal of Construction Engineering and Management
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• v.10 no.3
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• pp.122-129
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• 2009

Strategic planning is an essential function of senior management in any business firm. Planning involves the firm's behavior in an competitive market and adaptation of the company's resources towards the selected market strategy. This study presents a methodological procedure for strategic planning in global top-tier construction firms. This procedure consists of the following stages. First, analyzed growth of revenue in which weight of total construction firms' revenue shown in Global Top 225 Contractors(ENR). Second, analyzed specialty of construction products. The products are General Building, Power, Water Supply, Industrial/Petroleum Process, and Transportation. Third, analyzed business the portfolio plan. The business portfolio plan includes both local/overseas market and specification/diversification of construction products. It affects the subsequent choice of a benchmarking for development of each construction company. The choice of the benchmarking firm, among several available alternatives, should follow a careful analysis of the characteristics and benefits inherent in the implementation of each.

• Korean Journal of Construction Engineering and Management
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• v.10 no.4
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• pp.151-164
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• 2009

Strategic alliances developed as formalized inter-organizational relationships are core vehicles to share information, resources and knowledge. The structural characteristics of strategic network constructed by strategic alliances have been important agenda in strategic management discipline. This paper has two folds in analysing the strategic network formulated by project level alliances in Korean construction industry. First, we investigate the strategic network using the tools and methods of social network analysis, such as centrality, cohesion, structural equivalence, and power law. Second, the performance of firms within networks are analysed longitudinally with panel data analysis. We have found that the strategic networks in this industry has scale-free characteristics, where the degree distribution fits the power law, and the vertically equivalent structure is clear. We also present that the performance of firms are continuously affected by the degree centrality of firms in this network for the last 10 years.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.33 no.2
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• pp.757-769
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• 2013

Intangible assets for construction engineering consulting firms are very important for their valuation, because engineering consulting is typical knowledge-based business which creates value based on technical expertise and human resources. This paper presents the intangible asset classification model based on the concept of value creation in construction engineering consulting firm and proposes intangible asset valuation methodology using System Dynamics and survey data. Utilization of the valuation methodology presented in this paper would increase the public awareness of intangible assets in construction engineering consulting firm and, thus, contribute to the growth of the engineering consulting industry by realistic and accurate valuation of intangible assets.

• Journal of Advanced Navigation Technology
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• v.12 no.2
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• pp.170-179
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• 2008

This study designed model that could scientifically and objectively evaluate a level of informatization of construction companies in consideration of informatization characteristics and limitations identified in researches related to the evaluation of informatization level of construction companies, so at to create the e-business environment for the construction companies including the enhancement of informatization consciousness and to improve capacity to carry out informatization. To do this, the study defined requirements to develop new model of construction informatization level and the characteristics of construction companies, and developed components of informatization level model and measuring methods that could meet the requirements based on theories and literature. The developed informatization level model were reviewed for validity and reliability through statistical method by carrying out the questionnaire survey on 200 companies along with an advisory group of experts. As the result of this study, we could suggest the directions for informatization to narrow the gap between the current level of informatization and the managerial goals in construction company.