A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Construction firms at the crossroads in Hong Kong
Going insolvency or seeking opportunity
–
To assist contractors in Hong Kong to review their past financial performance and to formulate new strategies for their business survival in the coming years.
The financial accounting ratios and distress scoring are very useful tools to measure the financial performance. These tools are also useful to compare the performance among themselves and over the years. The mathematical analysis together with a review of the current business environment and the characteristics of construction industry will assist contractors in Hong Kong to formulate new strategies for their own business survival in the coming years.
The results have shown that the financial performance of most contractors in Hong Kong have been deteriorating very fast in the past few years. The results of all financial ratios, together with the prevailing situation of over competition, inelasticity of construction costs and reduced aggregate demand in Hong Kong, has revealed the extreme difficulty of reversing the financial performance in the coming years.
Contractors in Hong Kong now understand that their own financial performance have been deteriorating to an alarming limit. There is an urgent need to review their business environment and to formulate new corporate strategies.
Construction firms at the crossroads in Hong Kong
Going insolvency or seeking opportunity
–
To assist contractors in Hong Kong to review their past financial performance and to formulate new strategies for their business survival in the coming years.
The financial accounting ratios and distress scoring are very useful tools to measure the financial performance. These tools are also useful to compare the performance among themselves and over the years. The mathematical analysis together with a review of the current business environment and the characteristics of construction industry will assist contractors in Hong Kong to formulate new strategies for their own business survival in the coming years.
The results have shown that the financial performance of most contractors in Hong Kong have been deteriorating very fast in the past few years. The results of all financial ratios, together with the prevailing situation of over competition, inelasticity of construction costs and reduced aggregate demand in Hong Kong, has revealed the extreme difficulty of reversing the financial performance in the coming years.
Contractors in Hong Kong now understand that their own financial performance have been deteriorating to an alarming limit. There is an urgent need to review their business environment and to formulate new corporate strategies.
Construction firms at the crossroads in Hong Kong
Going insolvency or seeking opportunity
Chan, John K.W. (author) / Tam, C.M. (author) / Cheung, Ruby K.C. (author)
Engineering, Construction and Architectural Management ; 12 ; 111-124
2005-04-01
14 pages
Article (Journal)
Electronic Resource
English
Construction firms at the crossroads in Hong Kong: Going insolvency or seeking opportunity
| Online Contents | 2005
Antecedents of Innovation Climate in Construction Firms in Hong Kong
| Taylor & Francis Verlag | 2012
An Assessmenet of the Technical Efficiency of Construction Firms in Hong Kong
| Taylor & Francis Verlag | 2001
Hong Kong International Airport - construction
| British Library Online Contents | 1998
| British Library Conference Proceedings | 1994