Fraud and financial performance of construction and engineering firms

Sanusi, Zuraidah Mohd; Omar, Normah; Aziz, Rozainun Abd; Islam, Mohd Syafiqul

doi:10.1109/chuser.2011.6163881

Cited by 2 publications

(2 citation statements)

References 11 publications

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“…Women are greatly underrepresented (Powell and Sang, 2013), and their career advancement is held back by gender discrimination (Dainty et al, 2000). In addition, due to the scale of procurement and capital disbursement, construction businesses are inevitably associated with various unethical practices in procurement and PM 40,2 tendering processes, including bid-rigging and collusion, frauds, bribery and corruption, overcharging and defective works (GRI, 2015;Sanusi et al, 2011).…”

Section: Sustainability Matters In Construction Industrymentioning

confidence: 99%

“…Immigration restrictions could result in a decline in the industry's workforce and potentially affect the operations of firms and limit growth opportunities. As a typically open export-oriented economy, Singapore is vulnerable to fluctuations in the global marketplace (Monetary Authority of Singapore, 2017), which can have a particularly marked material impact on construction firms (Sanusi et al, 2011). Furthermore, construction output in an economy is often highly unstable and fluctuates under the influence of demand and supply forces and the nature of the industry (Ruddock et al, 2010).…”

Section: Business Risks In the Singapore Construction Industrymentioning

confidence: 99%

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Stakeholder perceptions on the risk factors, challenges and benefits of business sustainability practices in the Singapore construction industry

Lau¹,

Chen²

2021

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PurposeThis study examines the stakeholder perception of the sustainability risks, challenges and benefits arising from managing these risks in the Singapore construction industry.Design/methodology/approachA questionnaire consisting of 89 risk factors, challenges and benefits, was administered, with 216 responses received from various stakeholders. Regression analyses were used to estimate the relationships between sustainability and business risk factors, challenges and benefits associated with business sustainability practices.FindingsStakeholders recognise the importance of the emerging sustainability risk factors, and indeed rank these almost on a par with conventional business risk factors. The inherent business risks determine the nature of sustainability risk factors for construction firms, which in turn can affect their business risks and the performance and value creation of firms. However, most stakeholders, while acknowledging that business sustainability practices can provide benefits as well as posing challenges, do not believe that they can derive net benefits from such practices.Research limitations/implicationsThrough this perception study, there is an urgent need to turn the existing awareness of the importance of business sustainability (BS) practices into more consistent and solid actions among construction firms in Singapore.Practical implicationsThis study’s results imply construction firms to incorporate BS practices more systematically into their business strategies and operations, and to include sustainability risk factors alongside conventional business risks in their risk registers and risk management frameworks.Originality/valueThis study consolidates various variables and constructs of BS matters in the literature and practice into a meaningful framework for the management of BS in the construction industry.

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Section: Sustainability Matters In Construction Industrymentioning

confidence: 99%

Section: Business Risks In the Singapore Construction Industrymentioning

confidence: 99%

Stakeholder perceptions on the risk factors, challenges and benefits of business sustainability practices in the Singapore construction industry

Lau¹,

Chen²

2021

View full text Add to dashboard Cite

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Effect of mismanagement towards abandoned project in Malaysia

Salam

Ariffin

Noor

et al. 2020

IOP Conf. Ser.: Mater. Sci. Eng.

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Over the years, Malaysian government has placed significant emphasis on the need for citizens to have their own house. Unfortunately, the abandoned housing projects are indeed a major hiccup for purchasers who dreams to have their own home become reality. The abandonment of housing projects has resulted in many adverse consequences to the economy, society and environment. Therefore, this paper discuss on the effects of mismanagement in contribution to the abandoned housing project. Together, the suitable solutions to mitigate the abandonment issues will also be proposed. The studies focus on collecting the data form local authorities and also by doing a questionnaire. The data was analyse based on the Likert’s scale and using relative of important index. This study found that the mismanagement is cause by the inexperienced developer with lack of management skill will contribute to the abandoned housing project.

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Fraud and financial performance of construction and engineering firms

Cited by 2 publications

References 11 publications

Stakeholder perceptions on the risk factors, challenges and benefits of business sustainability practices in the Singapore construction industry

Stakeholder perceptions on the risk factors, challenges and benefits of business sustainability practices in the Singapore construction industry

Effect of mismanagement towards abandoned project in Malaysia

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