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@article{ART001481304},
author={정민웅 and Choi， Seung-Dam},
title={An Analysis on Project Financing Risk Factors and Importance in Tourism Development Project},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2010},
volume={66},
pages={93-114},
doi={10.15793/kspr.2010.66..005}

TY - JOUR
AU - 정민웅
AU - Choi， Seung-Dam
TI - An Analysis on Project Financing Risk Factors and Importance in Tourism Development Project
JO - The Korea Spatial Planning Review
PY - 2010
VL - 66
IS - null
PB - 국토연구원
SP - 93
EP - 114
SN - 1229-8638
AB - The objective of this paper is to identify project financing risk factors in tourism development and to assess relative importance of individual risk factors. Based on literature review, 59 risk factors pool of project financing are identified by comparing SOC and real estate project risk factors with project financing general risk factors. After specialists panel meetings, 45 underlying risk factors are adopted for tourism development project financing. A survey was conducted by financial specialists to assess relative importance of individual risks of tourism development, SOC development and real estate development. As a result, tourism development project financing 37 risks are identified as extreme risk, indicating a very negative perspective from financial institutions in investing for tourism development. Importance of preparation risks and operation risks is especially high in tourism development. And compared to SOC development and real estate development, the importance of six risk factors are relatively higher. The result of this study implies that major steps must be taken to manage risks in tourism investment and can be used as a guideline to develop the risk management system.
KW - Tourism Development;Project Financing;Risk Factor and Importance;Risk Assessment
DO - 10.15793/kspr.2010.66..005
ER -

정민웅 and Choi， Seung-Dam. (2010). An Analysis on Project Financing Risk Factors and Importance in Tourism Development Project. The Korea Spatial Planning Review, 66, 93-114.

정민웅 and Choi， Seung-Dam. 2010, "An Analysis on Project Financing Risk Factors and Importance in Tourism Development Project", The Korea Spatial Planning Review, vol.66, pp.93-114. Available from: doi:10.15793/kspr.2010.66..005

정민웅, Choi， Seung-Dam "An Analysis on Project Financing Risk Factors and Importance in Tourism Development Project" The Korea Spatial Planning Review 66 pp.93-114 (2010) : 93.

정민웅, Choi， Seung-Dam. An Analysis on Project Financing Risk Factors and Importance in Tourism Development Project. 2010; 66 93-114. Available from: doi:10.15793/kspr.2010.66..005

정민웅 and Choi， Seung-Dam. "An Analysis on Project Financing Risk Factors and Importance in Tourism Development Project" The Korea Spatial Planning Review 66(2010) : 93-114.doi: 10.15793/kspr.2010.66..005

정민웅; Choi， Seung-Dam. An Analysis on Project Financing Risk Factors and Importance in Tourism Development Project. The Korea Spatial Planning Review, 66, 93-114. doi: 10.15793/kspr.2010.66..005

정민웅; Choi， Seung-Dam. An Analysis on Project Financing Risk Factors and Importance in Tourism Development Project. The Korea Spatial Planning Review. 2010; 66 93-114. doi: 10.15793/kspr.2010.66..005

정민웅, Choi， Seung-Dam. An Analysis on Project Financing Risk Factors and Importance in Tourism Development Project. 2010; 66 93-114. Available from: doi:10.15793/kspr.2010.66..005

정민웅 and Choi， Seung-Dam. "An Analysis on Project Financing Risk Factors and Importance in Tourism Development Project" The Korea Spatial Planning Review 66(2010) : 93-114.doi: 10.15793/kspr.2010.66..005