한국의 해외개발투자에 따른 결정요인 분석 = 관광개발 프로젝트를 중심으로

다국어 초록 (Multilingual Abstract)

The purpose of this study is to help korean contractors considering overseas tourism development project to deduce and to prioritize major factors of investment determination and to prepare measures against the risks and uncertainties. Major factors of investment determination for overseas tourism development projects in this study were found through case studies and interview with experts. Although study for major factors of investment determination and risk management in overseas tourism development projects are very important, there are limited researches regarding factors of investment determination and risk assessment that reflects the project characteristics and decision making. This study found that major factors of investment determination for overseas tourism development project are profitability, stabilityand company capacity in order. First, the factors related to profitability are land cost, construction cost, des ign fee, sales expense and financial cost. Second, the factors related to stability are ordinance and institutional inadequacy, uncertainty of feasibility study, vulnerable real estate market, country risk, delay of approval, and unstable national policy. Finally, the factors related to company capability are project management, administrative ability, technical & skilled personnel, technical expertise and good relationship capability. In this regard, the domestic companies willing to advance overseas construction market with tourism development projects such as condominium, hotel, country club are recommend to study and review all factors related to profitability, stability and company capacity precisely.