Medición de la eficiencia en la industria de la construcción y su relación con el capital de trabajo

Abstract

This investigation seeks to determine the relationship between working capital as a financial measure and the efficiency level of construction companies. The study sample is intentional, with 58 participating companies, from which the financial information was obtained in a time horizon of four years (2011-2014). In the first stage efficiency was assessed using Data Envelopment Analysis (DEA), and in the second stage Tobit regression model was applied in order to identify the relationship between the variables. Efficiency levels evaluated show a reduction in the average efficiency in the construction sector for the years 2012 and 2013, and the regression results do highlight a positive link between efficiency and working capital for all years, which indicates that a common financial strategy based on reducing working capital does not lead to an increase in the efficiency level of construction firms. This research can benefit not only Ecuadorian construction companies, but others who wish to improve their competitive advantage based on their financial information.

Análisis del desempeño empresarial del sector de la construcción de edificaciones para la contratación estatal en Boyacá-Colombia

“…Por lo anterior, el subsector de edificador es concebido como actividad central que dinamiza un activo mercado inmobiliario. Además, el sector es fuertemente influenciado por la inversión estatal para la construcción de edificaciones y obras civiles a través del sector privado (Córdova and Alberto, 2018;Stupnikova and Sukhadolets, 2019).…”

“…y su alta dependencia del sector público (Mesa C, Constanza and Aguirre B, 2008). Por lo tanto, la construcción se considera como uno de los principales indicadores de planificación, debido a la influencia que tiene en las variaciones del ciclo económico (Córdova and Alberto, 2018;Departamento Administrativo Nacional de Estadística -DANE, 2019).…”

Analysis of the impact of the construction sector on Colombian economy

“…This conceives the building construction as a central activity in the social and economic development of the country, especially in a developing place like Colombia, where a considerable housing deficit is evident, and it allows to generate policies that include budget allocation. This allocation can be done directly or through financial institutions, and it usually activates the construction sector, creating job opportunities and an important movement of raw materials throughout the territory (Córdova & Alberto, 2018). At the same time, it considers an economic exploitation made by a natural or legal person; however, it must focus on elaborating projects that involve the urgent needs of the actors involved and later executing them (Project Management Institute, 2017).…”

Construction sector’s analysis in the supply and demand of residential buildings around the business management of Stakeholders

“…The adequate performance of the building construction sector is associated with the promotion of economic and social development, thanks to the capacity to generate employment, to the input of demand from other industrial sectors and to the construction of housing that improves the quality of life of citizens as a central activity in the social and economic development of the country, especially in countries such as Colombia, where there is a considerable housing deficit and it is common to generate policies that include budgetary allocations directly or through financial institutions (Córdova & Alberto, 2018), considering the economic exploitation by organizations; However, they should focus their efforts on the development and subsequent implementation of projects that involve the pressing needs of stakeholders (Project Management Institute, 2017), where the reduction inbuilt area is consistent with the decline in demand for housing in the country, especially in those that do not receive state subsidies (No SIH) by 15% since 2016, which has dominated the market, reaching a share of 75% as shown in figure 2. The demand for non-SIH housing above 350 NMW and in the range of 136-350 NMW (National Minimum Wage, equivalent to US$ 230) has decreased by 62% and 72%, respectively.…”