An Investigation of the Diversification Roles of Contractor (2019-01-26)
The construction industry is facing a period of change due to the revolution of new technology, emphasis on strategic alliances and demanding customers. As one of the key players in the construction industry, the contractors play an important role in the development of the construction industry. They are known for their traditional roles during the construction stage by managing and production on site. Due to changes in the industry, the contractors’ role has been evolving during the years, this has impacted their roles to change as well. This paper reviews the traditional roles of the contractor and discusses the reasons for their evolving roles in the construction industry. Finally, this paper delves into the various diversification roles of the contractor in Malaysia which are categorised into two such as the management and technical.
Assessment of Quantity Surveying Firms' Process and Product Innovation Drive in Nigeria (2019-02-21)
Purpose- Innovation repositions and strengthens the competitive advantage and revenue drive of corporate businesses. The aim of this study is to assess the extent of the process and product innovation in Nigerian Quantity Surveying firms with a view to determining the innovative tools/concepts used. Design/Methodology- The study adopted a questionnaire survey in which simple random sampling was used to collect data from Quantity Surveyors working with Quantify Surveying firms in the study area. Relative importance Index, Mean score, Frequencies, and percentages were used to analyze the data collected, and Rogers' Innovation Adopters categorization was employed to determine the level of adoption of innovation by Quantity Surveyors. Findings- The study found that Quantity Surveying firms do not engage the services of innovation specialist because of financial constraint. The most adopted innovative tools/concept by Quantity Surveying firms are MS Excel, Computer Aided Taking-off, CATO, and CA Estimating, and these firms are an early majority in the adoption of process and product/technological innovations. Practical Implications-. The study would assist Quantity Surveying firms who have not to embrace innovation to so, by adopt and incorporates innovative practices in the running of the business transactions and operations to improve clients' satisfaction, profit generation, and company image.
Peer effects, Financial Decisions and Industry Concentration (2019-02-18)
Purpose- This article reviews literature related to peer effects and different financial decisions. It further summarizes the theory and motives that drive peer effects. Also, the study highlights the influence of industry concentration on peer interaction in financial decision making. This content analysis of scantily available peer effect literature has been performed to highlight the significance of peer effects in financial decision making like investment, cash holding, leverage and many more. Most of the existing peer effects literature focuses on the U.S. However, peer effects also occur in other countries but empirical evidence is comparatively limited. But, managers may take into consideration their industry peers especially if their firms are operating in highly competitive environments. Design/Methodology- Content analysis approach is applied to review prevailing financial literature on peer interactions and financial decisions with a special focus on industry concentration in explaining the peer effects. Practical Implications- As the prime focus of managerial decisions is to maximize the firm’s value. Hence, information about peers would be helpful in making better decisions, especially in highly competitive environments. Also, this review of selected literature provides pathways for future research in investigating the motives of peer effects.