Since 2014
The effects of the global financial crisis on the Australian building construction supply chain
Construction Economics and Building
View Archive Info| Field | Value | |
| Title |
The effects of the global financial crisis on the Australian building construction supply chain
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| Creator |
Thangaraj, Ram Karthikeyan
Chan, Toong Khuan |
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| Subject |
Finance, Construction
Financial analysis; Business management; Construction; Global financial crisis — |
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| Description |
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.
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| Publisher |
UTS ePRESS
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| Contributor |
—
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| Date |
2012-09-11
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/2641
10.5130/AJCEB.v12i3.2641 |
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| Source |
Construction Economics and Building; Vol 12, No 3 (2012): AJCEB; 16-30
2204-9029 |
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| Language |
eng
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| Relation |
http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/2641/2932
http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/downloadSuppFile/2641/545 http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/downloadSuppFile/2641/546 http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/downloadSuppFile/2641/547 http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/downloadSuppFile/2641/548 http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/downloadSuppFile/2641/549 http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/downloadSuppFile/2641/550 |
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| Coverage |
Australia
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| Rights |
Copyright (c) 2012 Ram Karthikeyan Thangaraj, Toong Khuan Chan
http://creativecommons.org/licenses/by/4.0 |
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