Performance assessment of construction companies: A study of factors promoting financial soundness and innovation in the industry

Horta, Isabel M.; Camanho, Ana S.; Costa, Jorge Moreira da

doi:10.1016/j.ijpe.2012.01.015

Cited by 88 publications

(73 citation statements)

References 49 publications

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“…Examples of best practice do exist in the UK but are rare, for example Plummerswood and the Glencoe visitor centre in Scotland were constructed with low energy and resource use, design-for-deconstruction and reuse principles in mind (Passivhaus Trust, 2012;SC-Arch, 2002;WRAP, 2014). A performance assessment of the Portuguese construction industry concluded that small, specialised companies and large contractors tend to achieve the best performance levels, and this may be linked to innovativeness (Horta et al, 2012). This supports a view that typical (non-specialist) small and mediumsized enterprises, which make up the majority of the construction industry, may struggle to drive innovative practices.…”

Section: Introductionmentioning

confidence: 80%

Resource efficiency networks in the construction of new buildings

Williams

Curran

Boer

et al. 2014

Proceedings of the Institution of Civil Engineers - Waste and R

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This paper reports on a study to develop a construction resource efficiency stakeholder network in the UK. The primary stakeholders in the network were the client, designer and main contractor -the decision-makers on construction techniques, materials and products. The paper outlines the rationale for the study, development of waste-prevention measures and industrial networks, progressive implementation in three separate construction activities, barriers and practical constraints, key results, conclusions and recommendations. Improvements were achieved through increased specification and use of sustainably produced construction materials, greater separation of materials for recycling, increased reuse of materials and behaviour changes in energy and water use as a result of on-site monitoring.

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Section: Introductionmentioning

confidence: 80%

Resource efficiency networks in the construction of new buildings

Williams

Curran

Boer

et al. 2014

Proceedings of the Institution of Civil Engineers - Waste and R

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show abstract

“…In addition, in general, previous literature on construction industry efficiency has tended to report relatively large inefficiency values for this sector (see, e.g., Pilateris and McCabe 2003;Horta et al 2012;Kapelko et al 2014;Kapelko and Oude Lansink 2015a).…”

Section: Overall and Input-specific Technical And Scale Inefficienciesmentioning

confidence: 95%

“…Previous studies of the construction sector have analyzed inefficiency measures for all inputs employed simultaneously, without distinguishing the contribution of each input to overall firms' performance. Those relate to construction companies in Spain (Kapelko et al 2014;Kapelko and Oude Lansink 2015a), Portugal (Horta et al 2012), Iran (Wong et al 2012), Canada (Pilateris and McCabe 2003), Greece (Tsolas 2011), Footnote 2 continued context by Kapelko and Oude Lansink (2017) with application to the measurement of input-specific dynamic inefficiency of European dairy manufacturing firms. 3 There is also an important stream of research that analyzes the input-specific productivity evolution over time; this includes Mahlberg andSahoo (2011), Chang et al (2012) and Kapelko et al (2015b).…”

Section: Introductionmentioning

confidence: 99%

Measuring Inefficiency for Specific Inputs Using Data Envelopment Analysis: Evidence from Construction Industry in Spain and Portugal

Kapelko

2016

SSRN Journal

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This article contributes to the efficiency literature by defining, in the context of the data envelopment analysis framework, the directional distance function approach for measuring both technical and scale inefficiencies with regard to the use of individual inputs. The input-specific technical and scale inefficiencies are then aggregated in order to calculate the overall inefficiency measures. Empirical application focuses on a large dataset of Spanish and Portuguese construction companies between 2002 and 2010 and accounts for three inputs: materials, labor and fixed assets. The results show, first, that for both Spanish and Portuguese construction companies, fixed assets are the most technically inefficient input. Second, the most inefficient scale concerns the utilization of material input in both samples; the reason for this inefficiency is that firms tend to operate in the increasing returns to scale portion of technology set. Third, in both samples, large firms have the lowest input-specific technical inefficiencies, but the highest input-specific scale inefficiencies, compared to their small and mediumsized counterparts, and tend to suffer from decreasing returns to scale. Finally, in both samples, input-specific technical inefficiency under constant returns to scale increased during the period of the recent financial crisis, mainly due to the augmentation in scale inefficiency.

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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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Performance assessment of construction companies: A study of factors promoting financial soundness and innovation in the industry

Cited by 88 publications

References 49 publications

Resource efficiency networks in the construction of new buildings

Resource efficiency networks in the construction of new buildings

Measuring Inefficiency for Specific Inputs Using Data Envelopment Analysis: Evidence from Construction Industry in Spain and Portugal

European Financial Support and Succesful Road PPP Projects

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