부동산 프로젝트 파이낸싱의 연체에 관한 특성분석

Research on Specialty Analysis of Past Dues of Real Estate Project Financing

1. CONTENTS (1) RESEARCH OBJECTIVES The purpose of this research is analyzing factors that influence real estate PF past due loans in order to present effective directions and roles for the improvement of the PF market. (2) RESEARCH METHOD This research analyzed the influential power and relative importance that unique factors had on the past dues of PF loan regarding whether there are any differences in the number of past dues and averages according to the unique factors of real estate PF loan past dues based on PF loan data of financial agencies through a cross-impact analysis, chi-square test, and logistic regression analysis. (3) RESEARCH FINDINGS In the past dues PF loans, businesses with apartment complex type, businesses whose cost of equity capital is high, businesses whose construction company credit score is over BBB-, and businesses who have a completion guarantee contract from the construction company all have low past due rates. Especially in domestic real estate development projects, the cost of equity capital was shown as having a close relationship with the rate of default. 2. RESULTS By analyzing the influences of business type, cost of equity capital, construction company grade, completion guarantee, and loans interest on PF loans; it will contribute to improving the negative situations domestic real estate PF loans have and reinvigorating it in the long term perspective by arranging a more improved PF loan judging standard.