Business Failure in Construction IndustrySource: Journal of Construction Engineering and Management:;1988:;Volume ( 114 ):;issue: 002Author:Roozbeh Kangari
DOI: 10.1061/(ASCE)0733-9364(1988)114:2(172)Publisher: American Society of Civil Engineers
Abstract: Business failure is an extremely disruptive force in the construction industry. The chance of failure for a construction company has increased over the past 10 years. In the past five years, the average age of a construction company at failure has been declining. Construction companies must always be aware of the possibility of business failure. Constant monitoring of their financial condition through the use of financial ratios is key. Overall industry indicators must also be monitored and trends analyzed to determine swings in failure probabilities. This paper investigates the effect of macroeconomic factors on business failures in the construction industry, and develops a model for evaluating and forecasting these failures.
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| contributor author | Roozbeh Kangari | |
| date accessioned | 2017-05-08T21:02:05Z | |
| date available | 2017-05-08T21:02:05Z | |
| date copyright | June 1988 | |
| date issued | 1988 | |
| identifier other | %28asce%290733-9364%281988%29114%3A2%28172%29.pdf | |
| identifier uri | http://yetl.yabesh.ir/yetl/handle/yetl/36175 | |
| description abstract | Business failure is an extremely disruptive force in the construction industry. The chance of failure for a construction company has increased over the past 10 years. In the past five years, the average age of a construction company at failure has been declining. Construction companies must always be aware of the possibility of business failure. Constant monitoring of their financial condition through the use of financial ratios is key. Overall industry indicators must also be monitored and trends analyzed to determine swings in failure probabilities. This paper investigates the effect of macroeconomic factors on business failures in the construction industry, and develops a model for evaluating and forecasting these failures. | |
| publisher | American Society of Civil Engineers | |
| title | Business Failure in Construction Industry | |
| type | Journal Paper | |
| journal volume | 114 | |
| journal issue | 2 | |
| journal title | Journal of Construction Engineering and Management | |
| identifier doi | 10.1061/(ASCE)0733-9364(1988)114:2(172) | |
| tree | Journal of Construction Engineering and Management:;1988:;Volume ( 114 ):;issue: 002 | |
| contenttype | Fulltext |