정부의 부동산 정책변화와 상장건설업체의 경영성과분석

Abstract

This study examines the 8.31 Real Estate Stabilization Policy, the trend of real estate market and management results of construction companies. The housing market in 2006 when the real estate stabilization policy was implemented is summarized as follows: delay of price adjustment time, expansion of market discrimination, collapse of local housing market and frozen trade. This study examines the trend of housing market after the 8.31 policy and presents the following to be improved. First, we should encourage soft landing of local housing markets. Second, we should encourage real estate trade actively. Third, we should develop effective housing supply plans. And the results of analysing management results of construction companies after the stabilization policy was implemented are summarized as follows: First, this study found that the construction companies had crowding-out due to increased inventory assets after the 8.31 policy. Therefore, in respect to inventory assets, that is, plans for unsold housing, we should prepare measures to decrease inventory assets, which will contribute to improvement of companies' financing ability. Second, for management results involved in construction abilities, the ability has high relations with the management results. Therefore, companies should develop measures to increase construction ability appraisement through improvement of management ability, securement of technical man-power and stability of financial conditions.