Financial Performance Analysis for Construction Industry

Kangari, Roozbeh; Farid, Foad; Elgharib, Hesham M.

doi:10.1061/(asce)0733-9364(1992)118:2(349)

Cited by 84 publications

(54 citation statements)

References 9 publications

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“…Particularly we selected the economic profitability (EP) measured as the ratio between the gross annual profit and the total assets included in the balance sheet of each PPP company. This variable is objective, measurable, available for every project and has been used before by several authors (Horta, Camanho, & Moreira Da Costa, 2012;Kangari, Farid, & Elgharib, 1992).…”

Section: Selecting the Variables Of The Modelmentioning

confidence: 99%

European Financial Support and Succesful Road PPP Projects

Maza

2016

Libro De Actas CIT2016. XII Congreso De Ingeniería Del Transporte

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The EU has been promoting the use of PPPs in order to accelerate the development of the Trans-European Transport Network (TEN-T) for ensuring economic, social and territorial cohesion and increasing accessibility throughout the Union. To encourage the use of PPPs, the European Commission has put several financing mechanisms at the disposal of the Member States, including a series of innovative financial instruments developed along with the European Investment Bank. The Bank has in turn played a major role in the promotion and financing of PPPs across the EU.The paper undertakes a review of the main financial instruments developed by the EU that are available to PPPs so as to determinate to what extent the European financial support has been channelled to road projects under that scheme in Spain. On the basis of the results obtained, a multiple regression model has been developed to analyse whether the PPP projects which enjoyed the financial support of the European Union tend to be significantly more successful from an economic point of view. The paper concludes that there is a positive correlation between receiving European financial support and the success of the PPP road projects.

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Section: Selecting the Variables Of The Modelmentioning

confidence: 99%

European Financial Support and Succesful Road PPP Projects

Maza

2016

Libro De Actas CIT2016. XII Congreso De Ingeniería Del Transporte

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“…Among the major works carried out on the construction sector, see Kangari (1988), Padget (1991), Kangari et al (1992), Russell and Jaselskis (1992), Landford et al 1993), Kale and Arditi (1999), Davidson and Maguire (2003), Koksal and Arditi (2004), Singh andTiong (2006) or Huang (2009).…”

Section: Literature Reviewmentioning

confidence: 99%

Probability of Default Estimation for Construction Firms

Muscettola¹

2014

IBR

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The purpose of this work is to create one statistical model for a future behaviour of construction companies. The model, therefore, aims to quantify the potential for progress and durability of construction companies operating in the Italian territory, as well as may assign ratings. Paper summarizes the typical rating process with the identification of definite financial paradigms suitable to rank the companies by solvency criteria in scale credit ratings.

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“…Six ratios proposed by Kangari et al (1992) and Severson et al (1994) are utilized to evaluate the performance of the organization in three areas, namely liquidity (current ratio and total liabilities/net worth ratio), efficiency (total assets/revenues and revenues/net working capital ratios) and profitability (return on total assets and return on net worth). Using the six ratios to represent the study's performance indicators, the organizations' performances are evaluated and ranked accordingly.…”

Section: Selection Of the Average Performing Organizationmentioning

confidence: 99%

Modelling the dynamic performance of a construction organization

Tang

Ogunlana

2003

Construction Management and Economics

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The Asian financial crisis has adversely affected many of the domestic construction organizations in Malaysia, bringing some organizations to the brink of insolvency. It demonstrates that a construction organization's performance is sensitive to the prevailing economic conditions. This paper seeks to model the dynamic performance of a publicly listed construction organization in Malaysia. First, a diagrammatic model consisting of two interconnected causal loop diagrams is developed to represent the organization's capacity and its financial balance sheet. The diagrams provide a clearer understanding of the interactions between the country's construction market and the organization's financial, technical and managerial capabilities. Next, the causal loop diagrams are converted into a mathematical model using specialized software. Simulation results from the model are validated against historical time series data. Graphical plots of the simulation model and results from sensitivity analysis indicate that the model is capable of replicating the general behaviour of the organization.Construction Company, Performance Modelling, System Dynamics, Malaysia,

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Financial Performance Analysis for Construction Industry

Cited by 84 publications

References 9 publications

European Financial Support and Succesful Road PPP Projects

European Financial Support and Succesful Road PPP Projects

Probability of Default Estimation for Construction Firms

Modelling the dynamic performance of a construction organization

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