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@article{ART002597488},
author={Kim， Jeong Ju},
title={An Explorative Study on a Desirable Guarantee Examination System for Mutual Benefit Organizations in the Construction Business Sector},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2020},
volume={30},
number={2},
pages={43-56},
doi={10.35136/krer.30.2.4}

TY - JOUR
AU - Kim， Jeong Ju
TI - An Explorative Study on a Desirable Guarantee Examination System for Mutual Benefit Organizations in the Construction Business Sector
JO - Korea Real Estate Review
PY - 2020
VL - 30
IS - 2
PB - korea real estate research institute
SP - 43
EP - 56
SN - 2092-5395
AB - The purpose of this study is to explore a desirable guarantee examination system for mutual benefit organizations in the construction business sector by developing new examination items and evaluating their relevance. With the market volatility and the policy environment expanding, the role of mutual benefit organizations in the South Korean construction industry to supplement the financial market and system needs to be emphasized. Guarantee is an important form of finance service provided by mutual benefit organizations, and this study explores the desirable form of examination system for them. AHP (analytical hierarchical process) was used to derive weights for the newly constructed examination items through survey data collected from the skilled inspectors in a mutual benefit organization. The calculated weights were applied to 500 companies to which guarantee issuances had already been made. Two examination points from the current and new examination systems were compared and evaluated by misclassification ratio. In this study, the new examination system was found to be more effective in discriminating between guarantees with a high default probability and guarantees without. This study confirms the possibility of enhancing the examination system in mutual benefit organizations by developing new examination items and applying a more scientific evaluation method to them.
KW - mutual benefit organization;construction business sector;guarantee examination system;AHP;misclassification ratio
DO - 10.35136/krer.30.2.4
ER -

Kim， Jeong Ju. (2020). An Explorative Study on a Desirable Guarantee Examination System for Mutual Benefit Organizations in the Construction Business Sector. Korea Real Estate Review, 30(2), 43-56.

Kim， Jeong Ju. 2020, "An Explorative Study on a Desirable Guarantee Examination System for Mutual Benefit Organizations in the Construction Business Sector", Korea Real Estate Review, vol.30, no.2 pp.43-56. Available from: doi:10.35136/krer.30.2.4

Kim， Jeong Ju "An Explorative Study on a Desirable Guarantee Examination System for Mutual Benefit Organizations in the Construction Business Sector" Korea Real Estate Review 30.2 pp.43-56 (2020) : 43.

Kim， Jeong Ju. An Explorative Study on a Desirable Guarantee Examination System for Mutual Benefit Organizations in the Construction Business Sector. 2020; 30(2), 43-56. Available from: doi:10.35136/krer.30.2.4

Kim， Jeong Ju. "An Explorative Study on a Desirable Guarantee Examination System for Mutual Benefit Organizations in the Construction Business Sector" Korea Real Estate Review 30, no.2 (2020) : 43-56.doi: 10.35136/krer.30.2.4

Kim， Jeong Ju. An Explorative Study on a Desirable Guarantee Examination System for Mutual Benefit Organizations in the Construction Business Sector. Korea Real Estate Review, 30(2), 43-56. doi: 10.35136/krer.30.2.4

Kim， Jeong Ju. An Explorative Study on a Desirable Guarantee Examination System for Mutual Benefit Organizations in the Construction Business Sector. Korea Real Estate Review. 2020; 30(2) 43-56. doi: 10.35136/krer.30.2.4

Kim， Jeong Ju. An Explorative Study on a Desirable Guarantee Examination System for Mutual Benefit Organizations in the Construction Business Sector. 2020; 30(2), 43-56. Available from: doi:10.35136/krer.30.2.4

Kim， Jeong Ju. "An Explorative Study on a Desirable Guarantee Examination System for Mutual Benefit Organizations in the Construction Business Sector" Korea Real Estate Review 30, no.2 (2020) : 43-56.doi: 10.35136/krer.30.2.4