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Aranda-Mena, G and Gameson, R (2012) An alignment model for the research higher degree supervision process using repertory grids - reflections on application in practice in built environment research. Construction Economics and Building, 12(03), 66-81.

Best, R (2012) International comparisons of cost and productivity in construction: a bad example. Construction Economics and Building, 12(03), 82-88.

Best, R and Purdey, B (2012) Assessing occupant comfort in an iconic sustainable education building. Construction Economics and Building, 12(03), 55-65.

Carson, C and Abbott, M (2012) A review of productivity analysis of the New Zealand construction industry. Construction Economics and Building, 12(03), 1-15.

de Valence, G (2012) A theory of construction management?. Construction Economics and Building, 12(03), 95-100.

Konanahalli, A, Oyedele, L, Coates, R, von Meding, J and Spillane, J (2012) International projects and cross-cultural adjustments of British expatriates in Middle East: a qualitative investigation of influencing factors. Construction Economics and Building, 12(03), 31-54.

Oke, A E, Ogunsami, D R and Ogunlana, S (2012) Establishing a common ground for the use of structural equation modelling for construction related research studies. Construction Economics and Building, 12(03), 89-94.

Thangaraj, R K and Chan, T K (2012) The effects of the global financial crisis on the Australian building construction supply chain. Construction Economics and Building, 12(03), 16-30.

  • Type: Journal Article
  • Keywords: Financial analysis; business management; construction; global financial crisis
  • ISBN/ISSN: 1837-9133
  • URL: https://doi.org/10.5130/AJCEB.v12i3.2641
  • Abstract:
    This study involves a financial analysis of 43 publicly listed and large private companies in the building and construction supply chain from 2005 to 2010; straddling the period of the global financial crisis (GFC); and examines the impact of the GFC on the performance of these companies. The construction supply chain was divided into four sectors – material suppliers, construction companies, property developers and real estate investment trusts (REITs). The findings indicate that the impact was minimal for both material suppliers and construction companies, but especially severe for the more leveraged property developers and REITs. Building material suppliers and construction companies have benefitted substantially from the building economic stimulus package provided by the Australian government to mitigate the effects of the GFC. Decreases in the valuation of assets have, to a large extent, reduced the profitability of property developers and REITs during the GFC but these companies have recovered quickly from these adverse conditions to return to a sound financial position by the end of the 2010 financial year. The results will inform investors, managers and construction professionals in devising strategies for prudent financial management and for weathering future financial crises.