scholarly journals The global economy and its influence on the Slovak construction sector

2010 ◽  
Vol 18 (1) ◽  
pp. 17-23
Author(s):  
E. Jankovichová
Keyword(s):  
Construction Industry ◽  
Global Economy ◽  
Communication Channels ◽  
Organization Structure ◽  
Construction Sector ◽  
Construction Companies ◽  
Control Procedures ◽  
Management Approaches ◽  
And Control ◽  
The Impact

The global economy and its influence on the Slovak construction sectorFor the construction industry, globalization is a trend that means two things: many opportunities and many threats. In the conditions of globalization many management approaches, such as organization structure, strategy forming, planning, motivation and control procedures, communication channels, risk management, etc., must transform. The aim of the paper is to analyze the influence of globalization on the construction industry in Slovakia and identify the impact of globalization on construction companies in this area.

Improving construction sector resilience

2016 ◽  
Vol 7 (2) ◽  
pp. 173-185 ◽  
Author(s):  
Suzanne Wilkinson ◽  
Alice Yan Chang-Richards ◽  
Zulkfli Sapeciay ◽  
Seosamh B. Costello
Keyword(s):  
Construction Industry ◽  
Construction Sector ◽  
Content Type ◽  
Role Construction ◽  
Construction Company ◽  
Construction Companies ◽  
Resilience Management ◽  
The Impact ◽  
Post Disaster ◽  
Practical Implications

Purpose Improving the resilience of the construction sector helps countries recover quicker from crises and can assist with improving community resilience and recovery. This study aims to explore ways in which the construction sector might improve its resilience. Design/methodology/approach This paper examined past disasters and the role construction plays to understand what and how better construction resilience can be built, and the impact this will have on recovery and reconstruction. Findings The findings showed that after a crisis, the construction sector is called upon to manage building and infrastructure recovery and reconstruction. Construction organisations are needed by the community, as they provide physical resources, people, materials, logistics, management and technical expertise and rebuilding. To ensure that recovery and reconstruction programs are successfully implemented, it is necessary for the construction sector to be resilient. To achieve improved resilience in the construction industry, disaster resilience management needs to become mainstreamed into construction processes. Research limitations/implications Although larger organisations have some preparation to respond to crises, including having emergency or disaster plans, smaller companies struggle to achieve a reasonable level of resilience. It appears that senior management and key people in construction organisations are familiar with the procedures but that the majority of staff in organisations lack knowledge and skills. Practical implications Understanding the role the construction sector plays in disasters and providing directions for improving construction sector resilience will ultimately improve recovery and reconstruction outcomes. Social Implications This paper discusses how communities rely on services provided by construction organisations to enable them to recover from emergencies and crises. Pre-disaster construction company resilience impacts on the ability of construction companies to function post-disaster. Originality/value This paper focuses on a number of cases and shows where and how the construction sector has worked in disasters and provides a new analysis of the role the industry plays, and the various disaster stages where the industry has maximum impact.

scholarly journals THE STUDY OF GROWTH FACTORS OF THE PROFIT ORIENTED BUSINESS IN THE CONSTRUCTION INDUSTRY

2018 ◽  
Vol 6 ◽  
pp. 361-365
Author(s):  
Sergey Oparin ◽  
Nikolay Chepachenko ◽  
Marina Yudenkо ◽  
Irina Kuzovleva
Keyword(s):  
Economic Growth ◽  
Transaction Costs ◽  
Construction Industry ◽  
Institutional Factors ◽  
Construction Sector ◽  
Construction Process ◽  
Construction Companies ◽  
Number Of Factors ◽  
The Impact

This study concluded that the problems of economic growth are determined by a number of factors, the main of which are – economic, industrial, technological, institutional, non-economic. The article focuses on the analysis of institutional factors which regulate companies’ activities by reducing the impact of administrative barriers. This article identifies the role of economic efficiency and its influence on the economic growth of the construction industry businesses. This article offers a method of profit calculation by the reduction of transaction costs. This method is adapted to the construction sector, which features a number of independent and related fields, a large number of participants of the construction process and institutions that altogether lead to the occurrence of administrative barriers. The calculations that were done confirm that the reduction of transaction costs affects the efficiency of construction companies. The resulting extra profit, from reducing the transaction costs, is a source of economic growth for companies in the construction industry.

The Impact of Terrorism on Construction Industry in Iraq

2015 ◽  
Vol 3 (2) ◽  
pp. 69-84
Author(s):  
Wadhah Amer Hatem ◽  
Samiaah M. Hassen Al-Tmeemy
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Historical Data ◽  
Terrorist Attacks ◽  
Construction Sector ◽  
Statistical Procedures ◽  
Qualitative Approaches ◽  
Suicide Attacks ◽  
The Face ◽  
The Impact

     Suicide attacks, bombings, explosions became the part of daily life in Iraq. Consequently, the threat of terrorism put the Iraqi construction sector in the face of unique and unusual challenges that not seen on other countries. These challenges can have extensive impact on construction projects. This paper seeks to examine the impact of the terrorist attacks on construction industry and determine the extent to which the impact of terrorism on construction projects in terms of cost, schedule, and quality. This study adapted quantitative and qualitative approaches to collect data using questionnaire survey and interviews, as well as historical data. The study focused on projects that have been the target of terrorist strikes in Diyala governorate. A variety of statistical procedures were employed in data analysis. The results revealed the extent to which terrorist attacks impact construction projects in terms of cost, time, and quality. The results of this study will enhance the awareness of all construction parties to the impact of the terrorist attacks against construction projects. Eventually, this can develop a risk management assessment and assist contractors to properly protect projects and buildings to minimize injuries and fatalities in the event of terrorism.

scholarly journals Impact of Migrant Workers on Total Factor Productivity in Chinese Construction Industry

2019 ◽  
Vol 11 (3) ◽  
pp. 926 ◽  
Author(s):  
Gui Ye ◽  
Yuhe Wang ◽  
Yuxin Zhang ◽  
Liming Wang ◽  
Houli Xie ◽  
...  
Keyword(s):  
Construction Industry ◽  
Total Factor Productivity ◽  
Migrant Workers ◽  
Annual Report ◽  
Learning By Doing ◽  
Construction Sector ◽  
Factor Productivity ◽  
The Sustainable Development ◽  
Statistical Yearbook ◽  
The Impact

Total factor productivity (TFP) is of critical importance to the sustainable development of construction industry. This paper presents an analysis on the impact of migrant workers on TFP in Chinese construction sector. Interestingly, Solow Residual Approach is applied to conduct the analysis through comparing two scenarios, namely the scenario without considering migrant workers (Scenario A) and the scenario with including migrant workers (Scenario B). The data are collected from the China Statistical Yearbook on Construction and Chinese Annual Report on Migrant Workers for the period of 2008–2015. The results indicate that migrant workers have a significant impact on TFP, during the surveyed period they improved TFP by 10.42% in total and promoted the annual average TFP growth by 0.96%. Hence, it can be seen that the impact of migrant workers on TFP is very significant, whilst the main reason for such impact is believed to be the improvement of migrant workers’ quality obtained mainly throughout learning by doing.

scholarly journals From the Research on Risk Management in Polish Construction Enterprises

2019 ◽  
Vol 262 ◽  
pp. 07009 ◽  
Author(s):  
Józef Myrczek ◽  
Piotr Tworek
Keyword(s):  
Construction Industry ◽  
Synthetic Approach ◽  
Construction Sector ◽  
Construction Enterprises ◽  
Construction Companies ◽  
Financing Risk ◽  
Potential Risks ◽  
The Subject ◽  
Managing Risk ◽  
Almost All

A variety of insurance options are used when managing risk in the construction industry. Numerous insurers operating on the Polish market provide suitable types of insurance, thus allowing participants of a construction process to obtain a comprehensive cover against almost all potential risks. Therefore, ‘all-risks’ types of insurance is of particular importance in case of construction and assembly activities. In addition to this instrument, the paper also deals with other forms of insurance used in the construction sector in Poland, which apply to various aspects of activities conducted by actors involved a construction project. This is the main topic of the paper, which also outlines the theory on the subject as well as providing the results of empirical research carried out in this area and emphasizing the practical applicability of the discussions. Consequently, the key aim of the paper is to present the issues related to insurance in the construction industry as a method of financing risk in operations of construction companies. The paper adopts a synthetic approach to these issues. The paper also reviews the related scholarly literature.

Recruitment processes and labour mobility: the construction industry in Europe

2007 ◽  
Vol 21 (2) ◽  
pp. 277-298 ◽  
Author(s):  
Ivana Fellini ◽  
Anna Ferro ◽  
Giovanna Fullin
Keyword(s):  
Construction Industry ◽  
Labour Force ◽  
Foreign Workers ◽  
National Context ◽  
Labour Mobility ◽  
Construction Companies ◽  
Country Comparison ◽  
Cross Country ◽  
The Impact ◽  
The Relationship

Migration studies analysing firms' recruitment behaviour are quite limited.This article, built around and examining a demand-driven labour migration hypothesis, explores how recruitment decisions by companies can affect international migratory flows. The study focuses on the construction industry, where a foreign (nondomestic, or expatriate) labour force forms a major component. Through a cross-country comparison, we highlight the impact of the characteristics of the sector and of labour market conditions on recruitment decisions impinging on foreign (non-domestic, or expatriate) labour.The article finally suggests a typology of strategies that construction companies may adopt in order to recruit foreign workers, and it analyses those factors that influence the different decisions in each national context. By considering in depth the relationship between recruitment strategies and patterns of international labour mobility, it is then explained why a company's behaviour can either produce immobility or mobility of foreign workers.

scholarly journals Outright Cash Purchase of Capital Assets and Enterprise Profitability in Nigeria: A Reflection on the Construction Industry

2015 ◽  
Vol 1 (2) ◽  
pp. 81
Author(s):  
Loveday A. Nwanyanwu
Keyword(s):  
Construction Industry ◽  
Positive Relationship ◽  
Descriptive Statistics ◽  
Construction Sector ◽  
Construction Companies ◽  
Moment Coefficient ◽  
Capital Assets ◽  
Cash Payment ◽  
Net Profit ◽  
Profit Performance

This paper examines the influence of capital assets acquired outrightly by cash on enterprise profitability from the perspective of construction companies. Data were obtained by means of questionnaire. Analyses were performed using descriptive statistics and Pearson’s product moment coefficient of correlation. Results of descriptive statistics indicate 61.11% preference for acquisition of capital assets by outright cash purchase. Correlation analysis reveals a statistically significant moderate positive relationship between capital assets acquired out rightly through cash payment and net profit. Own capital assets acquired by outright cash purchase improves net profit performance of construction companies. Companies in the construction sector should aim at investing in capital assets through outright cash purchase instead of hiring or leasing.

scholarly journals The Impact of Cost Strategy Policies on Company Performance in the Construction Industry in Brazil

2021 ◽  
Vol 16 (2) ◽  
pp. 88-121
Author(s):  
Nathalie da Silva Cavalcanti ◽  
Cezar Augusto Romano
Keyword(s):  
Strategic Management ◽  
Construction Industry ◽  
Metropolitan Region ◽  
Company Performance ◽  
Construction Sector ◽  
Strategic Process ◽  
Cost Strategy ◽  
Strategic Position ◽  
The Cost ◽  
The Impact

Purpose– This article aims to assess the influence of cost strategy policies on the performance of sole traders, small and medium-sized companies in the civil construction sector in Curitiba and the Metropolitan Region (southern Brazil). Design/methodology/approach– Using a questionnaire, the survey collected data from 95 companies. The data has been analyzed based on descriptive statistics and multivariate analysis using discriminant analysis. Findings– Results showed that a lack of a strategic process is more evident in companies classified as low to medium performance companies. Only 36% of companies are positioned for only one of the positioning strategies. The cost strategy variable, which had the greatest impact on performance, was the policy with “greater simplification/standardization of products/services” compared to the other variables analyzed in the study. Originality/value– Results imply that most companies do not have a strategic position and that it is possible to obtain better performance through strategic management, encouraging the development of this perspective in companies in the sector. Keywords - Construction Industry; Strategy; Strategic management; Cost strategy; Survey.

scholarly journals The Impact of Village Fund Program in Developing Physical Infrastructure: Case on Construction Value Across Provinces in Indonesia

Media Trend ◽  
2019 ◽  
Vol 14 (2) ◽  
pp. 194-200
Author(s):  
Mochamad Thoriq Akbar ◽  
Estro Dariatno Sihaloho
Keyword(s):  
Construction Industry ◽  
Random Effect ◽  
Random Effect Model ◽  
Control Variable ◽  
Marginal Effect ◽  
Construction Sector ◽  
Indonesian Government ◽  
Effect Model ◽  
Physical Infrastructure ◽  
The Impact

Indonesia is the largest archipelago country with over than 260 million population. Yet, its archipelagic state makes it hard for the Indonesian government to distribute its income equally, causing severe poverty in certain regions. To overcome this problem, the role of construction industry is very crucial. Many papers say construction industry plays an important role to achieve socio-economic development goals in providing shelter, physical infrastructure, employment, and higher economic growth. Knowing the importance of construction sector, especially in physical infrastructure, President of Indonesia, Joko Widodo, focuses on accelerating infrastructure development. To equally distribute the development between rural and urban areas and shorten the level of inequality, in 2015 Indonesian government made a program in a form of fiscal transfers called Village Fund program. The objective of this paper is to measure the impact of Village Fund program in developing physical infrastructure across provinces in Indonesia. This paper used panel data with Random Effect Model to analyze the marginal effect of Village Fund in construction sector. The finished construction value is used as the dependent variable. As the independent variable, this paper uses the amount of Village Fund given and Gross Domestic Regional Product (GRDP) as the control variable in 33 provinces that participated in Village Fund program during 2015 and 2016. Setting with α = 0.01, the result shows that Village Fund program has a marginal positive effect to finished construction value. Every one percentage point change in Village Fund increases the amount of construction value finished by 0.033%. For the other variable, every 1% increase in GRDP also increase the construction value by 0.41%. We hope this paper could be useful to evaluate the implementation of Village Fund and as a base for making similar policies in the future. Keywords: Village Fund, Construction Value, Infrastructure, GRDP, Random Effect Model 

scholarly journals INTERNATIONAL TRENDS AND CURRENT CHALLENGES OF CONSTRUCTION MATERIALS MARKET DEVELOPMENT

2020 ◽  
Author(s):  
Yulia Orlovska ◽  
◽  
Daria Havrylenko ◽  
Keyword(s):  
Real Estate ◽  
Construction Industry ◽  
Information And Communication Technologies ◽  
Building Materials ◽  
Construction Materials ◽  
Construction Sector ◽  
International Trends ◽  
The World ◽  
The Impact ◽  
Construction Services

The main international trends in the world market of construction materials and services have been analyzed. The dynamics of world GDP and exports of construction services for the period 2000-2019 has been studied and a conclusion is made on the impact of economic crises on their growth rates. It has been determined that the dynamics of world exports of construction services is characterized by high instability with peaks of growth and decline, and is more sensitive than GDP growth. It has been noted that overcoming the crisis in the export sector of construction services takes more time and occurs with an approximate two-year time lag compared to GDP dynamics. The share of the construction industry in the world GDP by the degree of development has been analyzed. The reasons for the decline in the share of the construction industry in countries with economies in transition have been substantiated. It has been noted that in the developed countries the share of the construction sector is accounted for by real estate management activities related to maintenance, rent, purchase and sale and other transactions with land and real estate. The forecast values of growth of the market of building materials and services till 2030 have been given. The essence of the term «wide construction» has been revealed and the structure of this sector in different countries of the world is shown. The main exporters in the world construction market have been given and the structural distribution of the largest construction companies in the world ranking by country of origin has been analyzed. The dynamics of income level in the construction industry market for the period 2011-2018 has been studied. It has been noted that an important area of the construction sector is the market of roofing and facade materials and the world's largest companies for the production of this type of construction materials have been revealed. Conclusions on the essence of global transformations of the market of building materials and services have been made, and also it has been defined that they are caused by transnationalization of corporate structure of the market, influence of scientific and technical progress and information and communication technologies on world centers as well as the emergence of the concept of «sustainable construction» in the course of humanity for sustainable development.

Sign in / Sign up

Export Citation Format

Share Document