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Business Failure in Construction Industry

135 citations0/0 files storedJournal of Construction Engineering and Management

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Financial Distress and Bankruptcy Prediction Construction Project Management and Performance Corporate Insolvency and Governance

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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References

1921Survey of current business 1972An Empirical Test of Financial Ratio Analysis for Small Business Failure Prediction 1983Corporate financial distress : a complete guide to predicting, avoiding, and dealing with bankruptcy 1978Corporate Collapse: The Causes and Symptoms 1971Corporate bankruptcy in America

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2012Factors affecting contractor's business failure: contractors' perspective 1992Financial Performance Analysis for Construction Industry 2020Enhancing the Knowledge of Construction Business Failure: A Social Network Analysis Approach 2003Enterprise Resource Planning for Construction Business Management 2010Systems analysis of project cash flow management strategies 2013Company failure prediction in the construction industry 2011Linking project health to project performance indicators: Multiple case studies of construction projects in Saudi Arabia 1992Predicting Construction Contractor Failure Prior to Contract Award

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