Contracting firm’s failure and financial related factors
This paper is discussing about the role of the financial management in influencing the success of the constructing firms in the construction industry. Based on the previous studies on the impact of financial factors to the failure of the construction projects, bad financial management and lack of...
| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2008
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| Subjects: | |
| Online Access: | http://eprints.usm.my/34789/1/HBP6.pdf |
| _version_ | 1825833154831712256 |
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| author | Ab Halim, Mohd Suberi Osman, Omar Jaafar, Mastura |
| author_facet | Ab Halim, Mohd Suberi Osman, Omar Jaafar, Mastura |
| author_sort | Ab Halim, Mohd Suberi |
| collection | USM |
| description | This paper is discussing about the role of the financial management in influencing the
success of the constructing firms in the construction industry. Based on the previous
studies on the impact of financial factors to the failure of the construction projects, bad
financial management and lack of capital are identified to be the main determinants of the
construction failure (Kangari,1998 & Noven,1996 ). Since 1988 the construction industry
has experienced a higher-than-average business failure rate when compared to the failure
rate of all other businesses (Dun & Bradstreet 2002 ). Large or small, old or new,
domestic or foreign construction companies; they are among the statistics of failed
construction companies. What are the causes of failure for the construction companies?
Why construction projects could not be completed within the original schedule? Why
there are so few listed successful contractors? This article provides the actual example of
contractor’s failure in the construction industry world wide. |
| first_indexed | 2024-03-06T15:03:34Z |
| format | Conference or Workshop Item |
| id | usm.eprints-34789 |
| institution | Universiti Sains Malaysia |
| language | English |
| last_indexed | 2024-03-06T15:03:34Z |
| publishDate | 2008 |
| record_format | dspace |
| spelling | usm.eprints-347892018-01-03T11:11:47Z http://eprints.usm.my/34789/ Contracting firm’s failure and financial related factors Ab Halim, Mohd Suberi Osman, Omar Jaafar, Mastura TH1-9745 Building construction This paper is discussing about the role of the financial management in influencing the success of the constructing firms in the construction industry. Based on the previous studies on the impact of financial factors to the failure of the construction projects, bad financial management and lack of capital are identified to be the main determinants of the construction failure (Kangari,1998 & Noven,1996 ). Since 1988 the construction industry has experienced a higher-than-average business failure rate when compared to the failure rate of all other businesses (Dun & Bradstreet 2002 ). Large or small, old or new, domestic or foreign construction companies; they are among the statistics of failed construction companies. What are the causes of failure for the construction companies? Why construction projects could not be completed within the original schedule? Why there are so few listed successful contractors? This article provides the actual example of contractor’s failure in the construction industry world wide. 2008-12 Conference or Workshop Item PeerReviewed application/pdf en http://eprints.usm.my/34789/1/HBP6.pdf Ab Halim, Mohd Suberi and Osman, Omar and Jaafar, Mastura (2008) Contracting firm’s failure and financial related factors. In: 2nd International Conference on Built Environment in Developing Countries., 3rd- 4th December 2008, Universiti Sains Malaysia, Pulau Pinang. |
| spellingShingle | TH1-9745 Building construction Ab Halim, Mohd Suberi Osman, Omar Jaafar, Mastura Contracting firm’s failure and financial related factors |
| title | Contracting firm’s failure and financial related factors
|
| title_full | Contracting firm’s failure and financial related factors
|
| title_fullStr | Contracting firm’s failure and financial related factors
|
| title_full_unstemmed | Contracting firm’s failure and financial related factors
|
| title_short | Contracting firm’s failure and financial related factors
|
| title_sort | contracting firm s failure and financial related factors |
| topic | TH1-9745 Building construction |
| url | http://eprints.usm.my/34789/1/HBP6.pdf |
| work_keys_str_mv | AT abhalimmohdsuberi contractingfirmsfailureandfinancialrelatedfactors AT osmanomar contractingfirmsfailureandfinancialrelatedfactors AT jaafarmastura contractingfirmsfailureandfinancialrelatedfactors |