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Atkinson, A R and Westall, R (2010) The relationship between integrated design and construction and safety on construction projects. Construction Management and Economics, 28(09), 17.

Balatbat, M C A, Lin, C-y and Carmichael, D G (2010) Comparative performance of publicly listed construction companies: Australian evidence. Construction Management and Economics, 28(09), 32.

  • Type: Journal Article
  • Keywords: financial ratios; company performance; market performance
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446193.2010.501805
  • Abstract:
    Understanding the performance of publicly listed Australian construction companies, in comparison with other Australian listed companies, is vital to the construction sector’s continuous access to capital from the public equity market. Evidence on the performance of construction companies that do business in building and/or civil infrastructure is presented and compared with the Australian All Ordinaries Index and a portfolio of publicly listed (blue chip) companies. Using fundamental analysis, a comprehensive assessment on a range of financial and performance indicators is provided (including share prices, equity valuation multiples and profitability ratios) over the 10-year period, 1998 to 2007. The results show that, apart from the period when the Goods and Services Tax was introduced in 2000, the performance of publicly listed Australian construction companies in most of the indicators assessed is comparable to the largest traded shares on the Australian Securities Exchange. The empirical evidence is encouraging and could potentially elicit interest and confidence for investors to invest in construction companies.

Bowen, P, Cattell, K, Edwards, P J and Marks, J (2010) Perceptions of HIV/AIDS policies and treatment programmes by Western Cape construction firms. Construction Management and Economics, 28(09), 1006.

Chiang, Y-H and Cheng, E W L (2010) Construction loans and industry development: the case of Hong Kong. Construction Management and Economics, 28(09), 69.

Eriksson, P E (2010) Partnering: what is it, when should it be used, and how should it be implemented?. Construction Management and Economics, 28(09), 17.

Huang, Y-l and Lin, W (2010) Does debt structure matter? Estimating contractor default barrier by the down-and-out call option approach. Construction Management and Economics, 28(09), 58.

Jones, T, Shan, Y and Goodrum, P M (2010) An investigation of corporate approaches to sustainability in the US engineering and construction industry. Construction Management and Economics, 28(09), 83.

Lehtonen, J L and Kiiras, J M (2010) Cost modelling in underpinning projects. Construction Management and Economics, 28(09), 95.

Li, Y and Liu, C (2010) Malmquist indices of total factor productivity changes in the Australian construction industry. Construction Management and Economics, 28(09), 45.