Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Guest editorial

Guest editorial JFMPC 23,1 Psychosocial and organisational–cultural influences on construction stakeholders’ financial performance Welcome to the Journal of Financial Management of Property and Construction, Volume 23, Issue 1. This Special Issue provides a unique set of seven papers addressing issues allied to the subject of psychosocial and organisational–cultural influences, on construction stakeholders’ financial performance. Unlike many other economic sectors, the construction sector frequently has to endure low margins and unpredictable profitability, where – and to some extent resultantly – the rate of business failure is comparatively higher than that for other sectors (Holt, 2013). The transient nature of a construction business portfolio tends to comprise a series of concurrent, overlapping, one-off projects that utilise heterogeneous human capital. Large business cycle fluctuations and weak financial positions of many of those organisations involved often make the final project outcome financially unpredictable, exposing construction stakeholders (predominantly clients, contractors, sub-contractors and others in the supply chain) to risk. Over recent decades, there has been much debate among commentators regarding the “panacea” for success of construction organisations. Many have focused on the dichotomous relationship between “financial” and “non-financial” measures and their respective contribution (or otherwise!) to organisational success. There is, however, consensus among many of these http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Financial Management of Property and Construction Emerald Publishing

Loading next page...
 
/lp/emerald-publishing/guest-editorial-hFeUGwoebg

References (5)

Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1366-4387
DOI
10.1108/JFMPC-11-2017-0047
Publisher site
See Article on Publisher Site

Abstract

JFMPC 23,1 Psychosocial and organisational–cultural influences on construction stakeholders’ financial performance Welcome to the Journal of Financial Management of Property and Construction, Volume 23, Issue 1. This Special Issue provides a unique set of seven papers addressing issues allied to the subject of psychosocial and organisational–cultural influences, on construction stakeholders’ financial performance. Unlike many other economic sectors, the construction sector frequently has to endure low margins and unpredictable profitability, where – and to some extent resultantly – the rate of business failure is comparatively higher than that for other sectors (Holt, 2013). The transient nature of a construction business portfolio tends to comprise a series of concurrent, overlapping, one-off projects that utilise heterogeneous human capital. Large business cycle fluctuations and weak financial positions of many of those organisations involved often make the final project outcome financially unpredictable, exposing construction stakeholders (predominantly clients, contractors, sub-contractors and others in the supply chain) to risk. Over recent decades, there has been much debate among commentators regarding the “panacea” for success of construction organisations. Many have focused on the dichotomous relationship between “financial” and “non-financial” measures and their respective contribution (or otherwise!) to organisational success. There is, however, consensus among many of these

Journal

Journal of Financial Management of Property and ConstructionEmerald Publishing

Published: Apr 3, 2018

There are no references for this article.