Abstracts – Browse Results
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Abou-Zeid, A M K (1993) Data flow identification to support project automation/integration and productivity, Unpublished PhD Thesis, , The University of Wisconsin - Madison.
Al-Fares, M A (1995) On the development of an integrated system for the automation of on-site reinforced concrete construction, Unpublished PhD Thesis, , The University of Wisconsin - Madison.
Ammar, A I (2001) Profitability of electrical contractors using financial and economical data: The effect of company's size, Unpublished PhD Thesis, , The University of Wisconsin - Madison.
Choi, J (2003) Strategic motives underlying M and A transactions in the United States public construction industry, Unpublished PhD Thesis, , The University of Wisconsin - Madison.
- Type: Thesis
- Keywords: market; construction firms; acquisitions; diversification; forecasting; mergers; performance improvement; employee; owner; United States
- ISBN/ISSN:
- URL: https://www.proquest.com/docview/305284657
- Abstract:
As waves of Mergers and Acquisitions (M&A) have swept over U.S. industrial business organizations, construction firms have been caught in the middle of the resulting turbulence. Nonetheless, no research has investigated these significant events in the construction industry. Under the premise that the shareholders are true owners of a contemporary publicly held company, any strategic implementation of a firm such as an M&A transaction should benefit the owners accordingly. Further, the implementation of a superior strategy is vital to excellent firm performance and therefore to a competitive position. While emphasizing the importance of a firm's strategy throughout this study, the research focuses on two specific strategic issues: (1) The overall success level of construction M&A transactions. The research findings, which were drawn from an analysis of 171 construction M&A transactions, indicate that the performance of construction M&A was positive at an insignificant level as measured by both equity market returns and post-operating performance. The findings of improvement in post-operating performance imply that the expected synergistic gains did not materialize. (2) The relationship between the type of diversification strategy and performance . While the related diversification strategy has been slightly favored by both theories and empirical research findings over unrelated diversification, no significant performance difference was observed between two diversification strategies. In addition to the above two issues, the research findings also indicate that the management of public construction firms has tended to increase firm size measured as sales volume and the number of employees while the operating performance did not improve much. The observed relationship between firm size change and operating performance improvement supports the management wealth maximization theory. Finally, the construction equity market has been highly effective in forecasting actual post-operating performance at the time of M&A transactions. From an academic perspective, it is hoped that this small but rigorous study will be a catalyst for subsequent strategic related research in the construction industry. From a practical perspective, it is anticipated that the research findings of this study will increase understanding of the mechanism of M&A transactions and thus improve the performance of future M&A transactions.
Choi, K (2008) Applications of its archived data for improved highway planning and design, Unpublished PhD Thesis, , The University of Wisconsin - Madison.
Huang, C-N (2003) Time study on two-echelon supply chain for steel framing construction: Field investigation and networking model simulation, Unpublished PhD Thesis, , The University of Wisconsin - Madison.
Ibrahim, M W W (2018) Improving project performance by mitigating out-of-sequence work and assessing construction readiness, Unpublished PhD Thesis, , The University of Wisconsin - Madison.
Jang, H (2002) Construction material logistics: Project manager level of satisfaction and facilities layout planning, Unpublished PhD Thesis, , The University of Wisconsin - Madison.
Kang, M M K (2014) Development of an expert system for sustainable pavement preservation strategies (es2p2s), Unpublished PhD Thesis, , The University of Wisconsin - Madison.
Kim, S-K (2001) Toward a framework for an intelligent earthwork system (ies), Unpublished PhD Thesis, , The University of Wisconsin - Madison.
Koo, K-J (2000) Organizational program management for multiple maintenance projects under multi-trade capacity constraints, Unpublished PhD Thesis, , The University of Wisconsin - Madison.
Lee, J C (2010) Evaluating the sustainability of construction with recycled materials, Unpublished PhD Thesis, , The University of Wisconsin - Madison.
Lee, S (2000) Spatial model and decentralized path planning for construction automation, Unpublished PhD Thesis, , The University of Wisconsin - Madison.
Lukito, P K (2000) A framework for environmental monitoring infrastructure investment planning in developing areas, Unpublished PhD Thesis, , The University of Wisconsin - Madison.
Rungjang, K (2013) Public investment for developing port facilities within competitive market, Unpublished PhD Thesis, , The University of Wisconsin - Madison.
Schwab, A (2000) Management practices in short-term network organizations: The performance impact of the shadow of the future and psychological contracts in the United States movie industry, 1931--1940, Unpublished PhD Thesis, , The University of Wisconsin - Madison.
Shr, J-F (1999) Model development for cost-plus-time bidding applied to Florida department of transportation highway construction, Unpublished PhD Thesis, , The University of Wisconsin - Madison.
Sullivan, K T (2004) Quantification of the cumulative impact of change orders on sheet metal labor productivity, Unpublished PhD Thesis, , The University of Wisconsin - Madison.
Taha, M A-E (1994) Applying distributed artificial intelligence to the prequalification of construction contractors, Unpublished PhD Thesis, , The University of Wisconsin - Madison.