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Finnie, D (2012) Contract delay: what is it and how are we performing?. Construction Economics and Building, 12(01), 83-91.

Karamujic, H (2012) Modelling seasonality in Australian building approvals. Construction Economics and Building, 12(01), 26-36.

Li, R Y M (2012) Econometric modelling of risk adverse behaviours of entrepreneurs in the provision of house fittings in China. Construction Economics and Building, 12(01), 72-82.

  • Type: Journal Article
  • Keywords: Imperfect information; risk; entrepreneur; fittings; Probit model; housing
  • ISBN/ISSN: 1837-9133
  • URL: https://doi.org/10.5130/AJCEB.v12i1.2432
  • Abstract:
    Entrepreneurs have always born the risk of running their business. They reap a profit in return for their risk taking and work. Housing developers are no different. In many countries, such as Australia, the United Kingdom and the United States, they interpret the tastes of the buyers and provide the dwellings they develop with basic fittings such as floor and wall coverings, bathroom fittings and kitchen cupboards. In mainland China, however, in most of the developments, units or houses are sold without floor or wall coverings, kitchen  or bathroom fittings. What is the motive behind this choice? This paper analyses the factors affecting housing developers’ decisions to provide fittings based on 1701 housing developments in Hangzhou, Chongqing and Hangzhou using a Probit model. The results show that developers build a higher proportion of bare units in mainland China when: 1) there is shortage of housing; 2) land costs are high so that the comparative costs of providing fittings become relatively low.

Loosemore, M, Phua, F, Teo, M and Dunn, K (2012) Management strategies to harness cultural diversity in Australian construction sites - a social identity perspective. Construction Economics and Building, 12(01), 1-11.

Mahamid, I and Bruland, A (2012) Cost deviation in road construction projects: the case of Palestine. Construction Economics and Building, 12(01), 58-71.

Morrison, E and Thurnell, D (2012) Employee preferences for work-life benefits in a large New Zealand construction company. Construction Economics and Building, 12(01), 12-25.

Ramanathan, C, Narayanan, S and Idrus, A (2012) Construction delays causing risks on time and cost - a critical review. Construction Economics and Building, 12(01), 37-57.