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    Financial distress and highway infrastructure delays

    Access Status
    Fulltext not available
    Authors
    Edwards, D.
    Owusu-Manu, D.
    Baiden, B.
    Badu, E.
    Love, Peter
    Date
    2017
    Type
    Journal Article
    
    Metadata
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    Citation
    Edwards, D. and Owusu-Manu, D. and Baiden, B. and Badu, E. and Love, P. 2017. Financial distress and highway infrastructure delays. Journal of Engineering, Design and Technology. 15 (1): pp. 118-132.
    Source Title
    Journal of Engineering, Design and Technology
    DOI
    10.1108/JEDT-02-2016-0006
    ISSN
    1726-0531
    School
    Department of Civil Engineering
    URI
    http://hdl.handle.net/20.500.11937/58637
    Collection
    • Curtin Research Publications
    Abstract

    © 2017, © Emerald Publishing Limited. 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 delay. 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.

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