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Al-Momani, A H (2000) Structuring information on residential building: a model of preference. Engineering, Construction and Architectural Management, 7(02), 179–90.
Arditi, D, Koksal, A and Kale, S (2000) Business failures in the construction industry. Engineering, Construction and Architectural Management, 7(02), 120–32.
- Type: Journal Article
- Keywords: bankruptcies; business failures; construction industry
- ISBN/ISSN: 0969-9988
- URL: http://www.blackwell-synergy.com/links/doi/10.1046/j.1365-232X.2000.00143.x/abs
- Abstract:
The objective of the research presented in this paper is to explore the factors associated with company failures in the context of the construction industry. To that end, the four quadrants of an ‘environment/response’ matrix developed by Boyle & Desai (1991. Journal of Small Business Management, 29, 33–42) are populated with Dun and Bradstreet's US business failure data for the construction industry. The study indicates that budgetary and macroeconomic issues represent 83% of the reasons for construction company failures. This implies that firms that take vigorous administrative measures to address budgeting issues and that react promptly to economic conditions by implementing appropriate strategic policies should be able to avoid failure. On the other hand, issues of adaptability to market conditions and business issues appear to have limited effects on company survivability (6% of the reasons for failure). This implies that administrative measures to fend off internal conflicts that originate for reasons beyond management's control and long-term strategic decisions to regulate the firm's adaptation to market conditions can also help to prevent failure. An ‘input/output’ model appears to explain the business failure phenomenon better than the ‘environment/response’ one.
Dainty, A R J, Bagilhole, B M and Neale, R H (2000) The compatibility of construction companies’ human resource development policies with employee career expectations. Engineering, Construction and Architectural Management, 7(02), 169–78.
Kagioglou, M, Cooper, R, Aouad, G F and Sexton, M (2000) Rethinking construction: the generic design and construction process protocol. Engineering, Construction and Architectural Management, 7(02), 141–53.
Langford, D, Rowlinson, S M and Sawacha, E (2000) Safety behaviour and safety management: its influence on the attitudes of workers in the UK construction industry. Engineering, Construction and Architectural Management, 7(02), 133–40.
Love, P E D, Smith, J, Treloar, G J and Li, H (2000) Some empirical observations of service quality in construction. Engineering, Construction and Architectural Management, 7(02), 191–201.
Perry, J G and Barnes, M (2000) Target cost contracts: an analysis of the interplay between fee, target, share and price. Engineering, Construction and Architectural Management, 7(02), 202–8.
Stumpf, I (2000) Competitive pressures on middle-market contractors in the UK. Engineering, Construction and Architectural Management, 7(02), 159–68.
Tah, J H M and Carr, V (2000) Information modelling for a construction project risk management system. Engineering, Construction and Architectural Management, 7(02), 107–19.
Tan, W (2000) Total factor productivity in Singapore construction. Engineering, Construction and Architectural Management, 7(02), 154–8.