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|Title: ||Financial distress and highway infrastructure delays|
|Authors: ||Edwards, David John|
Baiden, Bernard K.
Love, Peter Edward
|Issue Date: ||6-Feb-2017|
|Publisher: ||Emerald Publishing Limited|
|Citation: ||Journal of Engineering, Design and Technology Vol. 15 No. 1, 2017 pp. 118-132|
|Abstract: ||Purpose – In developing countries, delays in highway infrastructure projects caused by financial
distress-related factors threaten the construction industry’s capacity to contribute optimally to economic
development. Against this backdrop, this paper aims to determine factors contributing to financial distress
and develops a conceptual framework to illustrate the relationship between financial distress and project
Design/methodology/approach – A questionnaire survey collected data on factors that contributed to
financial distress and delays in highway infrastructure delivery. In total, 78 responses were obtained, and
factor analysis revealed that factors associated with payment, project financing, cash flow, economic issues,
project planning and cost control influenced project delays.
Findings – The research identifies the importance of efficient public and private policies to engender
financial sustainability among construction firms in developing countries.
Originality/value – This work presents the first research of its kind and strives to engender wider
academic debate and renewed economic development in some of the world’s most impoverished nations.|
|Description: ||An article published by Emerald Publishing Limited also available at DOI 10.1108/JEDT-02-2016-0006|
|Appears in Collections:||College of Arts and Social Sciences|
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