1992년 한⋅중 수교 이후 중국과의 교류가 활발해지면서 한국기업의 대중국투자 또한 증가하기 시작하였으며, 현재 중국은 한국기업의 최대 해외투자지역으로 다른 지역보다도 한국기업... 1992년 한⋅중 수교 이후 중국과의 교류가 활발해지면서 한국기업의 대중국투자 또한 증가하기 시작하였으며, 현재 중국은 한국기업의 최대 해외투자지역으로 다른 지역보다도 한국기업이 많이 진출하였으나 중국투자에 성공한 기업보다 실패한 기업이 더 많은 실정이다. 그러나 지금까지 중국투자와 관련된 연구는 주로 중국의 투자환경 분석, 중국투자 성공 및 실패 사례분석, 중국의 해외직접투자 정책 및 제도 등에 집중되어 왔으며, 리스크이론에 근거한 해외투자리스크 관리방법과 성과 간의 관계를 심층적으로 분석한 연구는 매우 저조한 실정이었다. 따라서 본 연구에서는 리스크관리 이론에 따라 해외투자리스크 관리기법들을 고찰하고, 중국에 투자한 한국기업의 특성, 투자리스크 환경인식, 투자리스크관리기법, 관리성과간의 관계를 실증적으로 분석하여 해외투자리스크를 효율적으로 관리할 수 있는 기법들을 제시하고자 한다. 본 연구의 연구결과들은 다음과 같다. 첫째, 투자업종, 투자형태, 진출연수, 수출비중, 현지종업원 비율 그리고 중국인 종업원비율에 따라 투자관리 성과에 통계적으로 유의한 차이가 있음을 확인하였다. 둘째, 기업규모, 투자규모, 수출비중, 진출년수 및 중국인 종업원비율에 따라 투자리스크 인식의 차이가 있는 것으로 나타났다. 셋째, 투자환경인식과 현지정책변화 인식은 투자리스크 관리방안(통제기법, 재무기법)에 유의한 영향을 미치는 것으로 나타난 반면에, 리스크 중요성은 투자리스크 관리방안에 유의한 영향을 미치지 않는 것으로 나타났다. 마지막으로 투자리스크 관리기법 분석에서는 통제기법 중의 전가 및 와 손실통제 기법과 재무기법 중에서 보유와 보험 기법이 투자관리 성과에 유의한 영향을 미치는 것으로 나타났다.
For a few decades since Korea-China amity in 1992, Korean economy has continued to grow in foreign exchange market and mutual relationships driven by the increase in Korean firms' investment in China. While total liabilities of China have increased tw... For a few decades since Korea-China amity in 1992, Korean economy has continued to grow in foreign exchange market and mutual relationships driven by the increase in Korean firms' investment in China. While total liabilities of China have increased two times from 63 trillion yuan in 2009 to 154.8 trillion yuan in 2014, Korean firms' investment amount towards China skyrocketed until 2013 but is relatively low in 2014 and 2015. Furthermore, Chinese government began to abandon , control or adjust preferences previously provided to foreign direct investors, reassessing foreign direct investment policy since the mid-2000s. It follows that the necessity to efficiently manage investment risk arising from investment process is very high. Korean firms need to reinforce the safety net towards investment market in China in preparation for the unanticipated risk from restructuring process in China. The purpose of this study is to investigate the antecedents(ie., firm characteristics, investment risk environment perceptions, investment risk management techniques) and consequences(investment management performance) in investment risk management model among Korean firms investing in China. Concretely, these effects are classified into the effect of firm characteristics on investment risk environment perceptions, investment risk management techniques, investment management performance and the effect of investment risk perceptions on investment risk management techniques and the effect of investment risk management techniques on investment management performance. The firm characteristics include firm size, investment size, investment industry type, etc., and investment risk environment comprise investment environment perceptions, investment policy change perceptions, risk importance recognition. And investment risk management techniques are ramified into risk control(avoidance, separation, combination, transfer, loss control) and risk finance(retention, insurance). Finally, investment satisfaction, reinvestment intention and safety are chosen as risk management performances. Data obtained from a sample of 269 respondents drawn from Korean firms located in China and home office in Korea were analyzed with the appropriate statistical methods. The results of this research are as follows: First, various firm characteristics(investment type, investment form, tenure, export portion, local employee proportion, Chinese employee percentage) had a statistically significant effect on the investment management performances. Second, There are statistically significant differences in the effects of firm characteristics(firm size, investment size, export portion, tenure, Chinese employee percentage) on the investment risk environment perceptions. Third, whereas the risk importance recognition is not related to the investment risk management techniques, the investment environment perceptions and the investment policy change perceptions are each found to exert significant influences on the investment risk management techniques. Finally, in analyzing the investment risk management techniques, transfer and loss control out of risk control and retention and insurance out of risk finance had a significant influence effect on the investment risk management techniques. ，韩语论文，韩语毕业论文 |
