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Article
Publication date: 5 July 2011

Sangki Kim, Sanghyo Lee and Jaejun Kim

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

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Abstract

Purpose

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

Design/methodology/approach

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 Crt model and Drt 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.

Findings

In Crt 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 Drt 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.

Research limitations/implications

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.

Practical implications

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.

Originality/value

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.

Details

Engineering, Construction and Architectural Management, vol. 18 no. 4
Type: Research Article
ISSN: 0969-9988

Keywords

Article
Publication date: 25 June 2024

Aida Darmenova and Kim Normann Andersen

This paper aims to present the results of a project deployment on voluntary data exchange between a municipality and commercial entities built on the Commitment-Trust theory. The…

Abstract

Purpose

This paper aims to present the results of a project deployment on voluntary data exchange between a municipality and commercial entities built on the Commitment-Trust theory. The research also discovers whether data sharing can be a vital instrument to foster city socio-economic development.

Design/methodology/approach

Inspired by the engaged scholarship approach, this research explores the economic and operational results of data integration from two different information sources, the legislation impact and the effects on citizens as final beneficiaries. Over a period of 27 months, the authors observed changes the voluntary data sharing brings in traditional interaction between multiple ecosystems. The impact of positive and negative factors was validated via 12 exit interviews with key stakeholders.

Findings

Voluntary data sharing is driven by parties’ goodwill to improve public services for residents, the organisations gain tremendously much more benefits than they can do separately on their own. When the parties commit to voluntarily share data, this increases trust in each other and the responsibility of each data contributor. This research proposes that the Commitment-Trust theory is well-replicable for the government-to-business relationship.

Originality/value

This research contributes to the current body of knowledge of voluntary data exchange between different ecosystems, especially between a government and its environment. This paper presents a relevant project deployment from an emerging economy and its consequences for a city municipality, businesses and residents.

Details

Transforming Government: People, Process and Policy, vol. 18 no. 4
Type: Research Article
ISSN: 1750-6166

Keywords

Article
Publication date: 21 September 2021

Mónica Pazmiño-Sarango, Mijail Naranjo-Zolotov and Frederico Cruz-Jesus

The paper explores the main drivers of the regional-level digital divide in Ecuadorian cities and the extent to which the information and communication technology (ICT) adoption…

Abstract

Purpose

The paper explores the main drivers of the regional-level digital divide in Ecuadorian cities and the extent to which the information and communication technology (ICT) adoption by citizens influences local-level policymakers' decisions to develop eGovernment services.

Design/methodology/approach

The paper used an exploratory approach. The authors empirically assessed the provision of eGovernment services in each of the 36 Ecuadorian local governments following the Local Online Service Index (LOSI) measurement scale proposed by the United Nations, and then evaluated the drivers of the eGovernment divide at a local level. Ordinary least squares regression analysis was used.

Findings

The findings indicate that the digital divide is driven by income and education disparities, and that eGovernment availability is driven by ICT use. It appears that proper attention to technology use by its citizens is not being given by local-level policymakers in Ecuador when they devise their eGovernment strategy.

Research limitations/implications

Because the data were available at different levels of aggregation, there may be some inaccuracy of the indicators and lack of generalizability. Researchers are encouraged to test this hypotheses with data at lower levels of aggregation and from different latitudes to provide a comparative view between countries.

Practical implications

The paper includes implications for policymakers and local authorities regarding how the limitations on eGovernment development may be mitigated.

Originality/value

This study fulfils the need to assess digital development and its impact on eGovernment services at a city level in a developing country.

Details

Information Technology & People, vol. 35 no. 7
Type: Research Article
ISSN: 0959-3845

Keywords

Article
Publication date: 11 January 2013

Gary D. Holt

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…

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Abstract

Purpose

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.

Design/methodology/approach

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.

Findings

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.

Research limitations/implications

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.

Practical implications

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

Originality/value

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

Details

Construction Innovation, vol. 13 no. 1
Type: Research Article
ISSN: 1471-4175

Keywords

Article
Publication date: 4 February 2021

Anupriya Khan and Satish Krishnan

The purpose of this study is to develop an in-depth understanding of the overall process of facilitating co-creation of e-government services, focusing on the government's role in…

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Abstract

Purpose

The purpose of this study is to develop an in-depth understanding of the overall process of facilitating co-creation of e-government services, focusing on the government's role in fostering citizen engagement.

Design/methodology/approach

This study conducted a meta-synthesis of qualitative case studies encompassing analyses on a case-specific level followed by syntheses on a cross-study level.

Findings

Through meta-synthesis, the study developed an integrated framework, the process theory view of enabling co-creation of e-government services, illustrating how co-creation could be initiated and facilitated by the government.

Research limitations/implications

By providing critical insights into co-creation steps, the process theory view offers a holistic theoretical understanding of enabling co-creation by identifying factors driving and motivating governments to initiate co-creation activities, interpreting the prerequisites for co-creation and the importance of impact assessment.

Practical implications

This study offers important implications for public authorities, administrators and policymakers by helping them enhance their knowledge base on the co-creation process to facilitate a higher level of collaboration between citizens and government for effective and efficient public service delivery through e-government.

Originality/value

While it is widely acknowledged that citizen engagement is crucial for improving and transforming the development and delivery of e-government services, it is equally recognized as a challenging and complex task. Through a meta-synthesis of qualitative case studies, this study is one of the first to develop a process theory view for offering a holistic understanding and crucial insights for addressing the concerns over the co-creation of e-government services.

Details

Internet Research, vol. 31 no. 4
Type: Research Article
ISSN: 1066-2243

Keywords

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