File Download
Supplementary

Conference Paper: Company failure in the construction industry: a critical review and a future research agenda

TitleCompany failure in the construction industry: a critical review and a future research agenda
Authors
KeywordsCompany failure
Construction
Failure prediction model
Strategic management
Issue Date2010
Citation
The 24th FIG International Congress: Facing the Challenges – Building the Capacity, Sydney, Australia, 11-16 April 2010. How to Cite?
AbstractCompany failure is not only extremely disruptive to an industry but may also cause significant rippling effects in an economy. Construction companies are vulnerable to bankruptcy due to the fragmented nature of the industry, high competition, the high uncertainty and risk involved, and considerable fluctuations in construction volume. It is important to recognize any potential company failures at the earliest opportunity. While bankruptcy prediction has long been regarded as a critical topic in the accounting and finance sectors, this research topic is still under-explored in the context of the construction industry. This paper aims to provide a synthesis of the previous business failure prediction models for construction companies and put forward a future agenda in this research area. Common causes of construction company failures are also reviewed. Using the results from the proposed research, it is anticipated that construction companies will be better able to prevent business failure and this should be relevant to the current needs of the construction industry and significant to the society.
DescriptionTS 1M – Project and Organisation Management I: Paper no. 4360
Persistent Identifierhttp://hdl.handle.net/10722/127294

 

DC FieldValueLanguage
dc.contributor.authorWong, JMWen_HK
dc.contributor.authorNg, TSTen_HK
dc.date.accessioned2010-10-31T13:17:05Z-
dc.date.available2010-10-31T13:17:05Z-
dc.date.issued2010en_HK
dc.identifier.citationThe 24th FIG International Congress: Facing the Challenges – Building the Capacity, Sydney, Australia, 11-16 April 2010.en_HK
dc.identifier.urihttp://hdl.handle.net/10722/127294-
dc.descriptionTS 1M – Project and Organisation Management I: Paper no. 4360-
dc.description.abstractCompany failure is not only extremely disruptive to an industry but may also cause significant rippling effects in an economy. Construction companies are vulnerable to bankruptcy due to the fragmented nature of the industry, high competition, the high uncertainty and risk involved, and considerable fluctuations in construction volume. It is important to recognize any potential company failures at the earliest opportunity. While bankruptcy prediction has long been regarded as a critical topic in the accounting and finance sectors, this research topic is still under-explored in the context of the construction industry. This paper aims to provide a synthesis of the previous business failure prediction models for construction companies and put forward a future agenda in this research area. Common causes of construction company failures are also reviewed. Using the results from the proposed research, it is anticipated that construction companies will be better able to prevent business failure and this should be relevant to the current needs of the construction industry and significant to the society.-
dc.languageengen_HK
dc.relation.ispartofFIG International Congress-
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.subjectCompany failure-
dc.subjectConstruction-
dc.subjectFailure prediction model-
dc.subjectStrategic management-
dc.titleCompany failure in the construction industry: a critical review and a future research agendaen_HK
dc.typeConference_Paperen_HK
dc.identifier.emailWong, JMW: bsjamesw@gmail.comen_HK
dc.identifier.emailNg, TST: tstng@hkucc.hku.hken_HK
dc.description.naturepostprint-
dc.identifier.hkuros173584en_HK
dc.description.otherThe 24th FIG International Congress: Facing the Challenges – Building the Capacity, Sydney, Australia, 11-16 April 2010.-

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats