건설기업의 생존예측모형A Survival Predicting Model of the Construction Firm
- Authors
- 전용석; 박복래; 박찬식
- Issue Date
- Dec-2002
- Publisher
- 대한건축학회
- Keywords
- Financial Analysis; Survival Analysis; Logistic Regression Model; 재무분석; 생존분석; 로지스틱회귀모형; Financial Analysis; Survival Analysis; Logistic Regression Model
- Citation
- 대한건축학회논문집 구조계, v.18, no.12, pp 165 - 172
- Pages
- 8
- Journal Title
- 대한건축학회논문집 구조계
- Volume
- 18
- Number
- 12
- Start Page
- 165
- End Page
- 172
- URI
- https://scholarworks.bwise.kr/cau/handle/2019.sw.cau/55525
- ISSN
- 1226-9107
- Abstract
- Under the current competitive business environment in the construction industry, the probability of the contractor's bankruptcy has been growing higher. The firm's management requires a quantitative predicting tool that could measure the degree of insolvency and survival time.This study proposes a survival predicting model for contractors, utilizing the survival analysis that is a statistical tool developed for the estimation of the patient's survival time in medicine. The survival analysis methodology is regraded as an alternative to overcome the shortcomings of the binary predicting model using regression analysis for the predicting the contractor's bankruptcy.The usefulness of the proposed model was validated through the comparison with the logistic regression model. The predicting performance of the each model shows that the logistic model appears to perform well in the firm's bankruptcy and the survival model does well in the firm's soundness.
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