Adilah A. Wahab, Siti Aisah Bohari and Wei Chyi Sheng
The purpose of this paper is to examine the importance of contractual management (CM), process management (PM) and human management (HM) factors as critical success factors (CSFs…
Abstract
Purpose
The purpose of this paper is to examine the importance of contractual management (CM), process management (PM) and human management (HM) factors as critical success factors (CSFs) in Malaysian housing projects. Additionally, it delves into the moderating influence of knowledge sharing (KS) on the relationship between HM and project success.
Design/methodology/approach
This study used a survey-based instrument to collect data from a total of 133 G7 class contractors. The stratified sampling method was used for data collection. Subsequently, structural equation modeling with SmartPLS was used for model evaluation.
Findings
The findings of this study indicate that CM, PM and HM exhibit significant relationships with housing project success. Furthermore, the research reveals that KS acts as a moderator in the relationship between HM practices and the success of housing projects.
Research limitations/implications
Although this study identified a significant relationship in explaining CSFs for housing project success in Malaysia, it only considers internal CSFs such as CM, PM and HM. It is suggested that future research incorporate external factors such as political support, national policy, currency stability and industry structure to provide a more comprehensive understanding of housing project success.
Originality/value
The results provide supportive evidence that CM, PM and HM are important CSFs in the success of housing projects. This finding is consistent with relational contractual theory, systems theory and social interaction theory. Moreover, the research underscores the nuanced impact of KS, serving as a moderating factor in the association between HM and project success. Consequently, these outcomes substantiate the applicability of the socialization, externalization, combination and internalization framework within the construction sector, particularly within the sphere of housing sector.
Details
Keywords
This study aims to examine the effects of economic uncertainty on Shariah stock returns (SR) in Asia-Pacific Economic Cooperation countries. This study also compares the impacts…
Abstract
Purpose
This study aims to examine the effects of economic uncertainty on Shariah stock returns (SR) in Asia-Pacific Economic Cooperation countries. This study also compares the impacts of uncertainty on Shariah and conventional stocks.
Design/methodology/approach
A panel vector autoregressive model was used to capture the dynamic relationships between variables. Granger tests, impulse response functions and forecast error variance decomposition are applied to obtain a comprehensive interpretation.
Findings
The empirical results indicated that temporary economic uncertainty has a significant adverse impact on Shariah SR. The stability was also observed over time. This study also revealed that Shariah stocks were affected by economic uncertainty, although they were designed to mitigate such effects. In addition, Shariah stocks show lower sensitivity to uncertainty. However, their recovery was slower than that of conventional stocks.
Practical implications
Short-term investors are advised to diversify their portfolios. In the long term, the stability of Shariah SR enables investors to pursue their financial goals. Policymakers are encouraged to improve investor confidence and develop policies to accelerate the recovery of the Sharia stock prices.
Originality/value
This study proves the existence of uncertainty in the Shariah stock market and explores the comparative impact of uncertainty on Shariah and conventional stocks. Furthermore, by incorporating uncertainty as a variable, this study contributes to expanding the efficient market hypothesis, offering a deeper understanding of market behaviour under uncertain conditions.