Barkham, R (1997) The financial structure and ethos of property companies: An empirical analysis. Construction Management and Economics, 15(5), pp. 441-456. ISSN 01446193
Abstract
Property companies are a key group in the economy of the built environment. The entrepreneurs that run property companies are responsible for initiating development projects and managing them. The risk incurred by participants in the development process, such as banks and construction firms, is related not only to the risk of the project being undertaken but also to the financial risk associated with the property company that initiates and manages the project. This paper attempts to develop a taxonomy of property companies, for consideration by decision makers in the construction industry in assessing the risk of being involved in a project.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | bank; contractor; cycle; development; gearing; investment; property; trading |
| Index terms: | built environment, construction industry, taxonomy, construction firm, property company |
| Subjects: | infrastructure and transport systems, industry analysis, organization, data analysis and analytics, real estate economics |
| Topics: | Urban Studies, Business Strategy, Research Practice |
| Descriptive scope: | 4 PCTA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here