Project risk management in Iranian small construction firms

The objective of this study is to evaluate RM in small projects in Iran using identification of status, barriers, and the impact of RM on project performance. In this study, theoretical foundations and research literature were first developed through library, and then a questionnaire about these variables was designed and distributed among a number of experts in the active construction companies. Data were collected from 40 projects submitted by 25 experts from 5 executive companies. According to the studies, 10 barriers are identified as major obstacles to RM implementation in such projects, prioritized as follows: (1) lack of potential benefits, (2) not economical, (3) lack of time, (4) lack of budget, (5) lack of knowledge, (6) lack of government legislation, (7) lack of manpower, (8) low profit margin, (9) complexity of analytical tools, and (10) competition among SMCs. The findings of this research can provide an in-depth understanding of RM in small projects in Iran and make benefits of RM convincing to the participants of small projects.

Exploring the effects of positive organizational behaviour (POB) models on occupational eustress amongst construction employees

The general perspective of organizational behaviour (OB) has been characterized more by negativity than positively. The introduction of a positive approach into OB is known as positive organizational behaviour (POB), which focuses on employees' positive emotions and strengths to enable them to thrive and reinforce the organization. The study assesses the effects of POB constructs on eustress amongst construction employees in Nigeria. Data were collected from 326 respondents practising in the construction firms using a quantitative survey and analyzed using both descriptive and inferential surveys, including structural equation modelling (SEM). The study identified five constructs of POB models and five parameters of eustress that have a significant influenceon eustress. The study focuses on identifying the areas that can propel positive mental health among construction employees to improve their performances and increase work productivity. Therefore, it recommends that construction stakeholders should consider adopting company policies that can drive their implementations.

The Effect of Working Capital Management on Profitability: Evidence from Malaysian Construction Firms

Working capital management is an essential part of a sound business. The main objective of this research is to investigate the effect of working capital management on profitability. The regression analysis was carried out on a panel sample of 30 construction firms listed on Bursa Malaysia over a five-year period from 2015 to 2019. The findings suggest that there is a significant positive relationship between Days Inventory Outstanding (DIO) and Gross Operating Profit (GOP) as well as a significant negative relationship between Days Payables Outstanding (DPO) and GOP. Thus, firms can maximise their profitability by maintaining higher inventory level and paying off creditors in a shorter time frame.

Relocating African Agency: Assessing the Role of ‘Local Patrons’ and Chinese Enterprises in the Construction Sector in Ghana

Contrary to the conventional notion that African agency outside of the state is marginal if not irrelevant, this paper argues that it is ‘local patrons’ in Africa who are actually the most powerful determinants of the success of Chinese enterprises in Africa. These ‘local patrons’ exact financial resources from the Chinese in exchange for their services as brokers between state officials. Specifically, their ‘informal connections’ to local state authorities enables them to insure the Chinese firms against official state prosecution/demands as well as facilitate related bureaucratic procedures. Using the case of the Chinese construction firms operating in Ghana, we will investigate the challenges experienced by Chinese firms entering into new markets and the strategies utilised by them to address and mitigate risk in their search for profit, chief amongst them the employment of ‘local patrons’ to serve as brokers with state officials. This relocation of agency, drawing from scholarship by Mohan, Lampert and Soule-Kohndou as well as the empirical materials based on substantive fieldwork, provides new insights into terms of engagement with local actors that form a bonded relationship facilitating integration of Chinese enterprises into the African political economy.