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This study aims to analyze the relationship between the financial crisis of Korean construction firms and macroeconomic fluctuations.

In this study, current ratio has been used an acting variable for liquidity ratio, and debt ratio for leverage ratio. GNI (Gross National Income), L (index of Liquidity), exchange rate, interest, and CPI (Consumer Price Index) were used for the macroeconomic variables. VECM consisted of Cr_t model and Dr_t model to analyze the relationship between current ratio and macroeconomic variables, and between debt ratio and macroeconomic variables, in order to analyze each model through variance decomposition and impulse response function.

In Cr_t model, L is revealed as highly influencing current ratio. In other words, most fundraising is focused on highly capable financial institutes, investment corporations and public funds, since the scale of construction project funds is huge. Such financial sources actually belong to index L (index of Liquidity), but are calculated as current liability in the financial statements of construction firms, knotting an inverse relationship with current ratio. In Dr_t model, interest is revealed as significant against debt ratio. This seems to be because each construction project needs to raise substantial funds, and the amount to repay is directly influenced by interest fluctuation.

The collected data are limited, as the time series data of current ratio and debt ratio were secured based on the financial statements of the most capable 30 construction firms in Korea. If the sample companies were divided in future research according to scale, in order to analyze the relation between financial crisis and macroeconomic fluctuation by company scale, a more developed result could be obtained.

This study is a useful research to analyze the dynamic relationship between the financial crisis of construction firms and macroeconomic fluctuations. This study can be used to establish a set of countermeasures to apply in the event of macroeconomic fluctuation.

The financial ratios of construction firms are directly used for analysis, making this a more practical analysis than studies of the relationship between macroeconomic fluctuations and the comprehensive indices of construction business.

This study aims to identify systematically the factors that can often influence labour productivity directly and indirectly, to build a model that can evaluate the significance of these factors. The model can be used as a tool for assisting field construction mangers responsible for productivity.

The factors were first identified by undertaking a literature review. The scope and method for measuring labour productivity were then determined. The final analysis model was built through a statistical analysis conducted with the chosen factors.

The results of the analysis indicate that the work management component (e.g. the manager's abilities) and the work technique component (e.g. work continuity) have greater impact than the worker component (e.g. the workers' capability) and the work characteristic component (e.g. work difficulty).

This research focuses on the qualitative perspective of site managers on labour productivity. Although the process of translating qualitative opinions into quantitative data is a matter for debate, the result of this research, when compared to other quantitative studies, can be used to establish a strategy and an action plan for managing labour productivity.

Qualitative aspects that were considered to establish a labour productivity model can be evaluated by site construction managers. Despite the importance of these qualitative aspects, they have, by and large, been neglected, as models to date tend to consider more directly measurable quantitative factors. In particular, they can be used to develop a strategy for increasing labour productivity at the initial planning stage.

This research explores the differences between a subjective perception and the objective reality of labour productivity.

The purpose of this study is to identify an objective energy performance assessment method in Korea, and to build a building information modelling (BIM) based system that can assess the energy performance of buildings.

The energy performance assessment methods currently used in Korea were first identified via a literature review. A system was then implemented to solve the problem of objectivity. The system was implemented through a data‐based building information model, instead of the existing method of documented two‐dimensional (2D) CAD. In addition, Revit Architecture (a BIM tool), MS Access, and Visual Basic (VB) were used to implement the system. To verify the system's efficiency, it was compared to the existing method by applying both to an actual case (a school facility).

This study found that the issue of subjectivity in the Korean energy performance assessment method may be resolved with a data‐based BIM.

This study presented the BIM‐EPAS to reduce errors and the time needed to conduct an energy performance assessment. In order to follow a realistic approach, the BIM‐EPAS was applied to an actual assessment case, thereby verifying the system's applicability.

Previous studies as well as anecdotes have indicated that parental involvement in adult children’s marital conflicts is fairly common in Korea. This study attempts to explain how in-law conflicts – arguably a structural outcome of the traditional Confucian family – lead to marital disruption in contemporary families.

This study adopts the hypotheses of the corporate group, mother identity, and gendered-role expectations, which are instrumental to understanding the social context in which the legacy of the Confucian culture interacts with the knowledge-based neoliberal economy to revive in-law conflicts. Divorced-couple data are from in-depth interviews and court rulings, and their analysis illustrates the trajectories of marital breakdown.

The findings provide support for the hypotheses. Parents, especially mothers, who heavily invested time and money in their children’s education and career building meddle in their marriages in hopes to ensure the best returns to their investment. Normative prescriptions of gendered roles provide references for the parents regarding the roles of their children and children-in-law, and the gaps between their expectations and perceived reality trigger parental meddling and in-law conflicts. Adult children who are indebted to the parents for their status formation may acquiesce to the parental intervention.

In the traditional patriarchal family, in-law conflicts were restricted to mother- and daughter-in-law relationships, but are now extended to mother- and son-in-law relationships, reflecting a paradoxical twist in gender-role expectations. This chapter suggests that heavy parental investment in their children can have an unexpected consequence increasing the probability of adult children’s marital disruption.

Business failure has evolved a major research domain, both of corporate finance generally and of construction management, equally. Much of this attention has focused on assessing business “health” to predict longevity, but less so, on causal agents of failure. The aim of this study is to synthesise published knowledge in the subject domain to explore construction failure agents.

Extant literature drawn from both corporate finance and construction management disciplines are synthesised. Subjective, textual analysis is undertaken and causal agents thematically grouped. A failure relationship model is derived that conceptualises construction business failure in relation to its operating universe.

Generic failure agents (GFA) (ordered, based on percentage frequency among the literature observed) are shown to be: managerial, financial, company characteristics, and macroeconomic. The first three are proffered to reciprocally interact within a “universe” defined by the latter. Numerous sub‐causal agents (SCA) are attributed to each generic agent. The role of innovation is suggested to hold potential negative (as well as positive) impacts on mitigating GFA and SCA.

Limitations relate to synthesis of contemporary published evidence, so a progressive iteration would be empirical study of identified agents within live construction environments. An implication is the call for research realignment; from emphasis on business health assessment, to that of root causal agents.

Advancement of theory relating to business failure has significant implications for construction management research.

The failure relationship model and its linkage to innovation is novel.