A lot of bankruptcy forecasting model has been studied. Most of them uses corporate finance data and is intended for general companies. It may not appropriate for forecasting bankruptcy of construction companies which has big liquidity. It has a different capital structure, and the model to judge the financial risk of general companies can be difficult to apply the construction companies. The e...

In the present study, individual groups of construction companies were first classified according to size, and then the processes of changes needed for them to become insolvent were examined utilizing KMV models. Another objective of the present study was to analyze the relationship between macroeconomic fluctuations and the changes needed for construction companies to become insolvent (based o...

 International construction companies have settled in Africa and especially Nigeria, to compete for infrastructural projects, in a bid to extend their services across their borders. The trans-border extension of the services offered by these international multi-nationals exposes them to the political risk factors pertinent with the host country. In order to survive the harsh realities of the po...

The central theme in Construction Management (CM) and CM research is improving the performance of construction industry. Much effort and thought is given to improving project performance. Within CM there is a natural inclination to focus on projects and project management (PM). Companies in the construction industry also see project management as their key competence. Both have little appreciat...

This paper addresses the importance of tailoring education to suit the specific needs of various companies. In construction industry especially, important is to combine the knowledge of research, general contractors and their sub-contractors with software industry. These are now rather separated in Finland. The paper presents an overview of the current situation of IT education in construction ...

because of specific characteristics of companies in specific industries such asconstruction industry, whose operation cycles are usually more than one fiscal year,there are different methods and policies for revenue recognition. errors inaccounting estimates in specific industries reduce the usefulness of accountinginformation. it makes reported profit in the financial statements vary from actu...