Abstracts – Browse Results

Search or browse again.

Click on the titles below to expand the information about each abstract.
Viewing 5 results ...

Andrew, A, Murning, I, Pitt, M and Tucker, M (2008) Investment in the Scottish further education estate 1999-2006. Journal of Financial Management of Property and Construction, 13(03), 209–16.

Babalola, O and Adesanya, D A (2008) An appraisal of the factors affecting production of cost estimate for electrical services in Nigeria. Journal of Financial Management of Property and Construction, 13(03), 200–8.

Carmichael, D G and Balatbat, M C A (2008) The influence of extra projects on overall investment feasibility. Journal of Financial Management of Property and Construction, 13(03), 161–75.

Lam, K C, Wang, D and Lam, M C K (2008) Practices of Hong Kong building contractors in strategic asset allocation process: longitudinal approach. Journal of Financial Management of Property and Construction, 13(03), 176–86.

  • Type: Journal Article
  • Keywords: Assets management; Capital budgeting; Construction industry; Functional analysis; Hong Kong
  • ISBN/ISSN: 1366-4387
  • URL: https://doi.org/10.1108/13664380810913412
  • Abstract:
    Purpose – The purpose of the paper is to report the investigation results of current practices of strategic asset allocation process, which consists of capital budget planning, monitoring, and control of Hong Kong building contractors. The changes of the said practices are compared with the results of the two similar surveys undertaken in the past longitudinally. Design/methodology/approach – A total of 157 questionnaires were sent to about 1,000 approved Hong Kong building contractors (classified as group A, B, C in accordance with their maximum capacities). The total response rate was 30.7 per cent. Statistical techniques, a two-dimensional contingency table, and discriminant function analysis (DA) were deployed to analyze the survey data via SPSS. Findings – Only the practice of a regular review of the minimum rate of return of major projects was popular. For monitoring aspect, 100 per cent of surveyed contractors monitor project performance once operational. The result of post-completion audits on major projects was 63 per cent. For the results of the longitudinal study, 66.7 per cent of group C firms employed the practices of intermediate and long-term capital budgets and 71.4 per cent of large firms had a formal body for screening investment proposals compared with 54.8 per cent and 63.3 per cent of the same group's practices in 1994 respectively. DA results showed that the patterns within the three different groups (A, B, and C) were very similar, and group A and group B were active in capital budgeting monitoring and control. Practical implications – Planning was the weakest and data showed that Hong Kong building contractors had tight control of the projects. Originality/value – This paper reports the investigation results of current practices of strategic asset allocation process, which consists of capital budget planning, monitoring, and control of Hong Kong building contractors.

McGilligan, C, Wilde, P d and Goodhew, S (2008) An assessment of the potential returns of energy certificates for the UK household sector. Journal of Financial Management of Property and Construction, 13(03), 187–99.