The purpose of this study is to search for appropriate strategies against the volatile change of high oil price and exchange rate. As known, oil price is an important cost factor of construction corporations while exchange rate is another cost factor. Since these two factors are inevitably contingent on the change of the oversea and global market, construction firms can not control them and there does not exist alternatives for them to avoid these exogenous price shocks. For this reason, construction industry and the government look forward to understand the effect of these price shocks. This is the first goal of this research.
Once the construction industry and the government understand the effect coming from the change of oil price and exchange rate, they seek to make a plan to minimize the damages caused by these two factors. When it comes to the construction firms' point of view, they need to have appropriate strategies to keep their price competitive and to hedge the risk due to the volatility of these exogenous shocks. On the other hand, the government also need to improve institutions and programs in light of helping construction firms and consumers. (The rest omitted)
- 고유가에 대한 건설산업 대응전략(A strategy of construction industry against high oil price)
고유가에 대한 건설산업 대응전략(A strategy of construction industry against high oil price)
|Series Title; No||국토연 / 2008-17|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Industry and Technology < Energy
Industry and Technology < Construction