Enterprises In Construction Industry Research Articles

Exploring Determinants of Financial Access for SMEs in Zambia's Construction Sector

This study explores determinants in accessing finance for Small and Medium Enterprises (SMEs) in the Zambian construction industry, with a specific focus on the impact of financial literacy, collateral requirements, and credit history. The research adopted a survey approach to collect data from 78 SMEs operating in the construction sector. The findings highlight key determinants, including stringent collateral requirements, high interest rates, and short repayment periods associated with bank loans. The study also reveals a significant positive correlation between financial literacy and access to finance, suggesting that SMEs with a higher level of financial knowledge are more likely to secure financing. Moreover, the research identifies collateral requirements and credit history as critical factors influencing access to finance for SMEs in the construction industry. SMEs struggle to provide adequate collateral, leading to challenges in accessing credit from financial institutions. Engaging with financial institutions to reduce lending rates or establishing a construction bank to provide specialized financing and guarantees to financial institutions on behalf of SME entrepreneurs can positively impact the Zambian construction sector.

РАСШИРЕНИЕ ЗАТВЕРДЕВШЕЙ ЦЕМЕНТНОЙ ПАСТЫ В КОМПОЗИЦИОННОЙ ВЯЖУЩЕЙ СИСТЕМЕ НА ОСНОВЕ СТАЛЕПЛАВИЛЬНОГО КОВШЕВОГО ШЛАКА

In modern conditions, the construction industry of the Russian Federation is aimed at the introduction of progressive inte-gral approaches that consider the possibility of significant reduction of industrial waste accumulation, as well as its prevention. This can be done by increasing the range and volume of recycling of secondary materials and technogenic waste at construction industry enterprises. The proposed steelmaking waste can replace imported aluminate and sulphoaluminate cements, reduce the cost of composite binders and ultimately improve the environmental situation in our country. The paper studies linear defor-mations of cement mortars based on composite binders obtained using steelmaking waste - ladle slag, the influence of the type of sulphate component on the shrinkage-expansion deformation of hardened cement paste is studied.

Elimination of defects and errors in the modernization of the reinforcement shop at the design stage

The Russian construction industry is actively developing even against the background of the negative impact of a number of global factors. Achieving technological sovereignty is a priority task of our time. Modernization and optimization of production processes are among the main tasks for maintaining the dynamics of the industry’s development.For many factories of reinforced concrete products, large panel housing construction, volumetric-block housing construction, house building plants an additional objective obstacle to maintaining and increasing the pace is the personnel issue.The lack of required specialists, the high cost of even low-skilled employees, direct enterprises to the path of improvement and automation of basic production processes.It is noted that in modern conditions this is a correct and promising solution, which was previously postponed by the management of construction industry enterprises for various reasons.

Mechanism of introduction of quality management system at the enterprises of the construction industry: case of the Republic of Kazakhstan

Purpose – The aim of the research was to apply the principles of the quality management system in order to establish a framework for implementing quality management practices within the construction industry. Research methodology – The study involved analysing the global experience of certifying enterprises according to ISO 9001 standards. The research used a qualitative approach, analysing QMS documentation, case studies, and literature to gain a comprehensive understanding of QMS implementation in established companies. Findings – It resulted in the development of a system model for introducing and implementing the quality management system in construction industry enterprises, following the ISO 9001 standard. Practical implications – The enterprises of the Republic of Kazakhstan are not exceptions from world practice, including the enterprises of the construction industry. However, there are few construction industry enterprises that would be certified according to quality management standards, including the ISO 9001 standard. Some do not have the financial and human resources to implement a quality management system, others lack understanding of where to start. Originality/Value – The study also focused on generalising and providing detailed insights into the processes involved in implementing the quality management system at construction industry enterprises.

Methodological Basis of the Quality Management Concept System in Construction Industry Enterprises

This study addresses the need for enhancing international competitiveness in the construction sector through the implementation of ISO 9001-2015 quality management systems. Despite ongoing reforms, there remains a gap in the scientific and methodological understanding of how these systems can be effectively applied within the industry. The research aims to develop a methodological framework and practical mechanism for integrating quality management systems in construction enterprises, particularly in regional contexts. Using a qualitative approach, the study examines existing practices, identifies challenges, and proposes a structured model for quality control. The findings offer actionable insights for improving operational efficiency and aligning industry standards with global benchmarks.

Exploring the impact of job satisfaction on turnover intention among professionals in the construction industry

PurposeTurnover intention is a critical predictor of an employee’s turnover behaviour. A high level of turnover rate significantly affects the productivity and morale of an enterprise. Previous research has indicated that job satisfaction plays a critical role in influencing an employee's turnover intention, but the underlying factors related to job satisfaction remain under-explored, which impedes the development of effective strategies for reducing turnover intention. In addition, little research examined job satisfaction and turnover intention in the context of the COVID-19 pandemic, specifically in the Chinese construction industry. This study aims to investigate the impact of job satisfaction on turnover intention among professionals in the construction industry.Design/methodology/approachA questionnaire survey was employed to collect viewpoints from 449 professionals in the Chinese construction industry, followed by descriptive analysis, correlation analysis and structural equation modelling analysis to derive results.FindingsThe findings indicate that professionals in the industry generally have a slightly high level of job satisfaction while a slightly low level of turnover intention in the special period of the pandemic outbreak. Leadership and management, training and career development and interpersonal relationships are critical underlying factors leading to their turnover intention. Although demographic factors have no moderating effect between job satisfaction and turnover intention, among them, age, marital status and years of working experience have strongly positive relationships with job satisfaction while significantly negative relationships with turnover intention.Originality/valueThe findings provide valuable insights to fully understand the critical factors leading to turnover intention from the perspective of job satisfaction, which is helpful in developing effective measures to address the turnover problems for enterprises in the Chinese construction industry and those industries with similar characteristics in other regions.

Improving the Environmental Safety of Construction Industry Enterprises through the Use of Modern Dust Suppression Technologies

Improving the Environmental Safety of Construction Industry Enterprises through the Use of Modern Dust Suppression Technologies

ENERGY EFFICIENCY AS A KEY FACTOR IN ENHANCING THE POTENTIAL AND COMPETITIVENESS OF ENTERPRISES IN THE CONSTRUCTION INDUSTRY THROUGH THE APPLICATION OF GLOBAL PRACTICES

The article substantiates the importance of energy efficiency as a key factor in enhancing the potential and competitiveness of enterprises in Ukraine's construction industry through the application of global practices. The article demonstrates how the implementation of advanced energy-saving technologies and renewable energy sources, which are widely used at the international level, allows enterprises to reduce energy costs, increase environmental responsibility, and strengthen market positions. It is proven that the integration of global practices in energy efficiency, including the modernization of production processes and the implementation of automated energy management systems, significantly enhances the economic efficiency of enterprises. The example of «DZBM» LLC, which reduces production costs and generates additional income from selling electricity at the «green tariff» through the construction of a mini-CHP plant running on biofuel, confirms the effectiveness of this approach. The relevance of the topic lies in the need to adapt global energy efficiency practices in Ukraine's construction industry, which is particularly important in the context of rising energy costs and economic instability. The article lays the foundation for further research in this area and proposes ways to optimize energy use to enhance the competitiveness of enterprises.

ASSESSMENT OF THE APPROACH TO MEASURING MINERAL RESOURCES IN THE CONTEXT OF THE TRANSITION TO A SOCIO-ECONOMIC MODEL OF BUSINESS REPORTING: THE CASE OF THE REPUBLIC OF MOLDOVA

The article studies and evaluates the trend of measurement of mineral resources adopted in the Republic of Moldova for its compliance with the imperative of transition to the socio-economic model of reporting. The trend analysis has shown that in the national economy there is a tendency of dominance of the contribution of processing enterprises of non-metallic raw materials and construction industry in the formation of macroeconomic indicators, which contradicts the essence of the activity of these enterprises - their secondary character in relation to the enterprises of extractive industry. The paper utilizes quantitative and qualitative analysis using the contribution coefficient and the coefficient of contribution of one notional percent of the identified economic activity to the selected macroeconomic indicators. The aggregate data on indicators of the identified enterprises of the real sector of the economy used in the calculations were obtained from the official database of the National Bureau of Statistics. The obtained results allowed to reveal an asymmetric approach in structuring the contribution to macroeconomic indicators of the identified branches of the real sector of the economy of the Republic of Moldova. The reason for this phenomenon is the adopted model of valuation based on the cost of mineral resources, which ignores their value under constrained conditions.

A Linear Regression-based Analysis of the Value of U.S. Construction Firms

The construction industry has faced a block in its development in recent years, and the need to enhance the value of construction industry enterprises is imminent. The U.S. construction market is one of the most prosperous markets in the world, so the study of enhancing the value of firms within the U.S. construction industry holds considerable importance. Many previous studies have focused only on qualitative factors, which has some limitations. Therefore, this study investigates how to enhance the market value of U.S. firms from the perspective of financial factors. This study uses regression analysis to select the financial data of 34 U.S. companies listed in the construction industry. Then the relationship between their EV/EBITDA, net profit margin, and gross profit margin is modeled, and four sets of linear regression equation models are established, revealing that net profit margin, gross profit margin, and enterprise value have a significant positive relationship.

The Factors Influencing The Stock Prices of Construction Industry Enterprises: An Empirical Study in Vietnam

Purpose: The construction sector is essential for the economic development of a country. This industry is likewise a key player and has a significant influence on the stock market. Hence, it is necessary to analyze the variables that influence the stock prices in the construction sector, as this will enable investors to maximize profits and mitigate risks. Theoretical framework: This study evaluates the impact of macro factors and internal factors on the stock prices of the construction industry. Design/Methodology/Approach: This study utilizes quarterly financial reports from 56 construction industry enterprises in the Vietnamese stock market during the period from 2016 to 2022 to examine the factors affecting the stock prices of this sector. Findings: The results of the analysis indicate that the Random Effects Model (REM) is the most appropriate model, with factors such as the Consumer Price Index (CPI), Earnings Per Share (EPS), firm size (SIZE), and Price-Earnings ratio (PE) all having a positive impact on the stock prices of the construction industry. Research, Practical & Social implications: Based on these findings, the article provides recommendations for investors and relevant industry stakeholders. Originality/value: This article has conducted extensive analyses of factors influencing the stock prices of construction industry enterprises. The authors also provide suggestions for investors and relevant industry stakeholders to make investment decisions.

Analysis of competitiveness factors of construction industry enterprises

Analysis of competitiveness factors of construction industry enterprises

Analysis of competitiveness factors of construction industry enterprises

Analysis of competitiveness factors of construction industry enterprises

Ecological modernization at construction industry enterprises as an innovative production and management technology

The article delves into the pivotal role of ecological modernization, specifically the environmentalization of production at enterprises in the building materials sector. A comprehensive study was conducted on the product range of Ivano-Frankivskcement PJSC, one of the largest enterprises in the Western region. This case study serves as a tangible example, demonstrating that the adoption of environmentally friendly production necessitates both the environmentalization of production processes and management. The implementation of a comprehensive environmentalization strategy involves the incorporation of ecologically oriented measures in both the internal and external environments of the production system, while the environmentalization of the management system entails a restructuring of organizational forms and management methods to align with ecological principles. It was established that an essential part of ecological modernization is the introduction of environmental management systems. This includes requirements for waste and its processing, control over the use of water resources, and implementation of environmental certification and standards. Ecological modernization at enterprises in the construction industry helps to reduce the sector's ecological impact on the environment, contributes to the preservation of natural resources, and improves people's quality of life. It is proposed that enterprises producing building materials switch to the use of a dry method of production - an innovative technology that will contribute to the reduction of morbidity in the population and will protect the natural environment from harmful impurities and combustion products. The main advantage of this is energy-saving and highly efficient cement production technologies. It is emphasized that when carrying out production activities, enterprises in the field of production of construction materials should also apply management technologies of controlling, outsourcing, foresight, etc., with the help of which adverse environmental and economic problems can be detected promptly, and suggestions for their elimination can be made. Keywords: ecological modernization, "green" technologies, enterprise, business entity, management, production, ecological situation.

KEY ECONOMIC, MANAGERIAL AND INSTITUTIONAL IMPERATIVES OF THE CONSTRUCTION SECTOR DEVELOPMENT IN THE CONTEXT OF EUROPEAN INTEGRATION

European integration is the main and unchanging foreign policy priority of Ukraine, and further development and deepening of relations between Ukraine and the EU is based on the principles of political association and economic integration. In the context of the formation, development and improvement of the phenomenology of democratic legal statehood, permanent parademocratic and metademocratic processes of tactical and strategic nature emerge and intensify, as well as purely democratic trends are formed, which are determined by these processes, which permanently stimulate the relevant phenomenology, emphasizing its potential and promising opportunities, as well as new forms of communication interaction and fairly productive cooperation - full-fledged subjects of law. The construction sector is one of the basic sectors of the economy of every country in the world. The level of its development has a significant impact on the economic security of the state. The participation of construction in many socio-economic processes and its interconnection with all sectors of the economy make it an important component of the country's economic growth. The construction sector meets the primary physiological needs of society for housing and protection. The fund-forming function provides fixed assets (buildings and structures) to private, state, and municipal entities of all types of economic activity. At the same time, markets for capital, goods and services, and labor resources are formed; commercial, transport, and socio-cultural infrastructure is developed. It is established that the growth of the construction industry inevitably leads to the emergence of the necessary conditions for the country's economic development and the solution of many social problems. The article suggests ways to improve the economic condition of the construction industry and construction enterprises.

Barriers to Building Information Modelling Adoption in Small and Medium Enterprises: Nigerian Construction Industry Perspectives

The widespread adoption of building information modelling in the construction industry faces significant obstacles, particularly among small and medium-sized construction enterprises. This research accessed barriers to building information modelling adoption among small and medium enterprises in the Nigerian construction industry. The study obtained quantitative data from 182 participants out of the 200 questionnaires that were distributed. A combination of descriptive and exploratory factor analysis was performed using IBM SPSS version 26, and the Kaiser–Meyer–Olkin (KMO) test and Bartlett’s sphericity test were conducted to check data adequacy and reliability. The study findings clustered five factors from the 25 identified barriers to BIM adoption in SMEs in the Nigerian construction industry. They are functionality and compatibility, risk and the unavailability of BIM resources, inadequate awareness of BIM, inadequate clients’ demands and support, and stakeholders’ skills gaps. The study recommends training opportunities for construction professionals, government facilitation through incentives, and safeguarding intellectual property linked to BIM-oriented projects. Collaboration among construction stakeholders would also increase client awareness and knowledge sharing on modern technology, such as BIM adoption in SMEs in the construction industry.

СИСТЕМА МОТИВАЦИИ И ПРОЯВЛЕНИЕ ТРАДИЦИОННых ЦЕННОСТЕЙ В УПРАВЛЕНИИ ПЕРСОНАЛОМ ОРГАНИЗАЦИИ

Today, the costs of professional assistance are implemented in the incentive system of various organizations — a topical issue of modern research. For most of the life we spend at work, and what values will be raised and encouraged in employees, we must directly take care of the leadership of the organization. Subject of the study — manifestation of traditional values in personnel management through the prism of the developed incentive system.
 
 The study was conducted in order to identify the specifics of approaches to the formation of employee motivation and the role of the incentive system in the manifestation of traditional values among employees of the organization.
 
 Research methods: in the course of the study, diagnostics was carried out, in which 8 heads of construction industry enterprises involved in the formation of the incentive system took part. 32 ordinary employees of these organizations were also interviewed by the method of questioning. The authors used a statistical method for determining Pearson’s chi-square test. The study was based on theoretical conclusions obtained as a result of the analysis of Internet sources and scientific works of domestic and foreign authors studying incentive systems at the enterprise, as well as the role of traditional values in the process of working with personnel and their motivation.
 
 Scientific novelty and conclusions:
 
 According to the study the study revealed the need to stimulate employees, confirmed the relevance in identifying traditional values, their relationship with the motivation of employees. The hypothesis about the influence of leadership style on the incentive system and, at the same time, the influence of the incentive system on the manifestation of certain traditional values among employees has been confirmed. Conclusion are drawn about the need to pay more attention to the correspondence of traditional values of employers to potential candidates for enterprises and to create a model for the conformity of leadership styles that reveal or suppress traditional values in employees.
 
 Area of application: The conducted research and results are a useful resource for public authorities, local governments, as well as organizations of any format.

ТЕНДЕНЦИИ И ПЕРСПЕКТИВЫ УПРАВЛЕНИЯ ПОРТФЕЛЕМ ФИНАНСОВЫХ АКТИВОВ В СТРОИТЕЛЬСТВЕ

Target. Conduct a research analysis of trends and prospects for a portfolio of financial assets in construction, where transformational changes are taking place due to the negative impact of international trade and economic sanctions, as well as an increase in the key rate in Russia. Tasks. Consider the practical significance of financial assets for the development of construction enterprises. Analyze the dynamics and structure of the main indicators that reflect the economic state of the financial assets of enterprises in the Russian construction industry. Identify current problems and difficulties that form barriers to the development of financial assets of enterprises in the construction industry. Methodology. As part of the conducted scientific research, the following methods were used: scientific observation, comparison, private and special methods: economic-statistical, analytical-calculation and expert. Results. Indicators of the development of portfolios of financial assets of enterprises in the Russian construction industry demonstrate an increase in capital investments, however, the degree of depreciation of fixed assets does not decrease, but, on the contrary, increases. This inverse correlation reflects the low efficiency of financial assets, which are not enough to create high competitiveness of enterprises in the construction industry. Conclusions. The authors substantiate the conclusions that the trends and prospects for the development of portfolios of financial assets of construction enterprises in Russia are characterized by economic instability in the external environment, which is caused by the adoption of large-scale international trade and economic sanctions in 2022.

РОЛЬ ТЕХНОЛОГИЙ ИНФОРМАЦИОННОГО МОДЕЛИРОВАНИЯ В ОРГАНИЗАЦИИ ЖИЗНЕННОГО ЦИКЛА ОБЪЕКТОВ КАПИТАЛЬНОГО СТРОИТЕЛЬСТВА

Russian construction industry enterprises are increasingly realizing the potential of information modeling technologies. The article considers the role of information modeling technologies in the organization of the life cycle of capital construction facilities, identifies difficulties in managing TIM data; shows the advantages of using TIM technologies in the construction sector; considers domestic software products; notes the difficulties of analyzing the effectiveness of TIM implementation at enterprises in connection with the lack of a unified assessment of the effectiveness of the implementation of TIM technologies; The trends in the development of the field of TIM technologies are noted.

Methodical Approach to Assessing the Digitalization of Construction Industry Enterprises

Methodical Approach to Assessing the Digitalization of Construction Industry Enterprises