Abstracts – Browse Results

Search or browse again.

Click on the titles below to expand the information about each abstract.
Viewing 9 results ...

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.

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.

  • Type: Journal Article
  • Keywords: construction companies; finance; industry development; Hong Kong
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446193.2010.494679
  • Abstract:
    Building contractors are generally small private firms. Bank loans are their major, if not only, source of external finance. However, building and construction loans represent a mere minuscule portion of all bank loans in Hong Kong, suggesting that contractors may have been neglected by banks. With the case of Hong Kong, this study examines the lack of supply and demand of construction finance, and the implications for industry competition and innovation. Contractors’ perceptions were solicited through a questionnaire survey. Key issues identified were further explored in subsequent interviews. The results were then triangulated with secondary data. It is found that although contractors do not usually have enough assets to pledge as collateral, they generally do not need to borrow that much. The provision of interim payments has enabled them to work with small capital outlay. However, the interim payment mechanism has induced a low barrier to entry, which has helped perpetuate the vicious circle of labour intensiveness of building construction, exploitation of labour-only subcontracting, proliferation of small subcontractors and intense rivalry between firms. The findings conclude that contractors’ limited access to finance generally and bank loans in particular has posed a major barrier to innovation and hence industry development.

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.