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Article: Capital budget planning practices of building contractors in Hong Kong

TitleCapital budget planning practices of building contractors in Hong Kong
Authors
KeywordsCapital budgeting
Discriminant analysis
Planning and control
Issue Date2001
PublisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/01446193.asp
Citation
Construction Management And Economics, 2001, v. 19 n. 6, p. 569-576 How to Cite?
AbstractThis paper explores the current practice of capital budget planning and control in the Hong Kong (HK) construction industry, based on two surveys undertaken in 1994 and 1999. The aims of these surveys were to uncover the financial planning, monitoring and control procedures used by building engineering contractors in HK. The results of the current survey reveal that less than half of the respondents undertook any form of capital budget planning. The most common form of capital budget planning was a review of the minimum rate of return. Despite the low prevalence of planning, most respondents adopted some method of capital budget control, especially by way of monitoring project performance. The 1999 study was compared with a similar survey conducted in 1994. The results indicate that there was no significant improvement in capital budget planning practices over the five year period. In addition to these findings, this paper concludes with a classification of firms, according to their capital budget planning behaviour, using discriminant function analysis.
Persistent Identifierhttp://hdl.handle.net/10722/70788
ISSN
2015 SCImago Journal Rankings: 0.967
References

 

DC FieldValueLanguage
dc.contributor.authorLam, KCen_HK
dc.contributor.authorRuneson, Gen_HK
dc.contributor.authorNg, STen_HK
dc.contributor.authorHu, TSen_HK
dc.contributor.authorCheung, SOen_HK
dc.contributor.authorDeng, ZMen_HK
dc.date.accessioned2010-09-06T06:26:08Z-
dc.date.available2010-09-06T06:26:08Z-
dc.date.issued2001en_HK
dc.identifier.citationConstruction Management And Economics, 2001, v. 19 n. 6, p. 569-576en_HK
dc.identifier.issn0144-6193en_HK
dc.identifier.urihttp://hdl.handle.net/10722/70788-
dc.description.abstractThis paper explores the current practice of capital budget planning and control in the Hong Kong (HK) construction industry, based on two surveys undertaken in 1994 and 1999. The aims of these surveys were to uncover the financial planning, monitoring and control procedures used by building engineering contractors in HK. The results of the current survey reveal that less than half of the respondents undertook any form of capital budget planning. The most common form of capital budget planning was a review of the minimum rate of return. Despite the low prevalence of planning, most respondents adopted some method of capital budget control, especially by way of monitoring project performance. The 1999 study was compared with a similar survey conducted in 1994. The results indicate that there was no significant improvement in capital budget planning practices over the five year period. In addition to these findings, this paper concludes with a classification of firms, according to their capital budget planning behaviour, using discriminant function analysis.en_HK
dc.languageengen_HK
dc.publisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/01446193.aspen_HK
dc.relation.ispartofConstruction Management and Economicsen_HK
dc.subjectCapital budgetingen_HK
dc.subjectDiscriminant analysisen_HK
dc.subjectPlanning and controlen_HK
dc.titleCapital budget planning practices of building contractors in Hong Kongen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0144-6193&volume=19&issue=6&spage=569 &epage= 576&date=2001&atitle=Capital+budget+planning+practices+of+building+contractors+in+Hong+Kongen_HK
dc.identifier.emailNg, ST:tstng@hkucc.hku.hken_HK
dc.identifier.authorityNg, ST=rp00158en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1080/01446190110054112en_HK
dc.identifier.scopuseid_2-s2.0-0035479055en_HK
dc.identifier.hkuros66500en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0035479055&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume19en_HK
dc.identifier.issue6en_HK
dc.identifier.spage569en_HK
dc.identifier.epage576en_HK
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridLam, KC=55106365500en_HK
dc.identifier.scopusauthoridRuneson, G=6506862314en_HK
dc.identifier.scopusauthoridNg, ST=7403358853en_HK
dc.identifier.scopusauthoridHu, TS=15759762900en_HK
dc.identifier.scopusauthoridCheung, SO=7202473419en_HK
dc.identifier.scopusauthoridDeng, ZM=7402665753en_HK

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