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Article
Publication date: 18 June 2019

Kelly Patricia Murillo, Eugénio Rocha and Maria Fernanda Rodrigues

The purpose of this paper is to measure and compare the technical efficiency of construction companies in seven European countries: Austria, Germany, Hungary, Italy…

Abstract

Purpose

The purpose of this paper is to measure and compare the technical efficiency of construction companies in seven European countries: Austria, Germany, Hungary, Italy, Poland, Portugal and Spain, during the 2008–2015 period. The analysis involves nine sectors grouped into three divisions: construction of buildings (F41), civil engineering (F42) and specialized construction activities (F43), by NACE classification.

Design/methodology/approach

Multidirectional efficiency analysis was adopted to investigate the levels of efficiencies, the differences in those levels and the possible causes of such differences by further defining two new indices.

Findings

It showed that F43 is the most efficient division during the study period, followed by F42 and F41. The sectors/countries with less efficiency are: construction of roads and railways/Poland, construction of other civil engineering projects/Hungary, demolition and site preparation/Poland, other specialized construction activities/Portugal. Globally, the development of building projects sector uses resources in the most inefficient way and there was a drop in the efficiency in 2011 and 2013, showing a delay in the crisis impact. After 2010, civil engineering projects required a substantial effort to access resources. Other features regarding (in)efficiency were further identified.

Originality/value

The analysis was conducted with one of the most effective techniques in frontier analysis. The first introduced index allows for comparing efficient/inefficient subgroups, and the other index measures the resource acquisition effort, allowing a better comparison along years. The study provides a good understanding of the performance of the construction industry and indirectly exposes the strategies to overcome the crisis, through the identification of the inputs/outputs which are well/badly used.

Details

Engineering, Construction and Architectural Management, vol. 26 no. 8
Type: Research Article
ISSN: 0969-9988

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Article
Publication date: 1 February 1973

The Secretary of State in exercise of powers conferred by sections 140(1) and 180(3) of the Factories Act 1961 and now vested in him and of all other powers enabling him…

Abstract

The Secretary of State in exercise of powers conferred by sections 140(1) and 180(3) of the Factories Act 1961 and now vested in him and of all other powers enabling him in that behalf, hereby makes the following Order:—

Details

Managerial Law, vol. 13 no. 5
Type: Research Article
ISSN: 0309-0558

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Article
Publication date: 22 August 2008

Erkki K. Laitinen

The purpose of this paper is to develop a data system to assess failure probability in small to medium‐sized enterprise (SME) reorganization.

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Abstract

Purpose

The purpose of this paper is to develop a data system to assess failure probability in small to medium‐sized enterprise (SME) reorganization.

Design/methodology/approach

The data system is based on information from 83 reorganized Finnish SMEs. Information is divided into four types: pre‐filing non‐financial, pre‐filing financial, reorganization submission, and reorganization plan information. Partial least squares (PLS) analysis is used in data mining to factorize information for each type of information. Logistic regression analysis is applied to assess failure probability.

Findings

Useful data system can be developed on the basis of pre‐filing non‐financial information to support reorganization decision. Pre‐filing financial information only marginally improves quality of information. Submission and reorganization plan information improve quality in terms of fit but do not significantly improve classification accuracy.

Research limitations/implications

The sample is small and should be expanded in further studies. The system is developed for Finnish reorganizing firms. It can be generalized to any similar reorganization process.

Practical implications

The data system is useful for managers, lending specialists, investors, reorganization lawyers, and judges. It warns a SME about reorganization failure before filing petition (passive use). It is also useful in developing successful reorganization plans (active use).

Originality/value

This paper builds an extensive data system for assessing reorganization failure risk. It makes use of many variables that have not been analyzed in reorganization studies earlier. It deals with SMEs that is rare in reorganization studies. The paper utilizes PLS in assessing failure probability. It includes new analytical results on PLS.

Details

Industrial Management & Data Systems, vol. 108 no. 7
Type: Research Article
ISSN: 0263-5577

Keywords

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Article
Publication date: 8 May 2018

Mei-yung Leung, Ibukun Oluwadara Famakin and Khursheed Ahmed

Personal characteristics, such as age, marital status, education level and gender, vary among elderly residents in residential apartments. These characteristics may…

Abstract

Purpose

Personal characteristics, such as age, marital status, education level and gender, vary among elderly residents in residential apartments. These characteristics may influence the elderly residents’ satisfaction with the facilities provided in their residential apartments. To ensure appropriate facilities management (FM) items are provided for the different categories of elderly people, it is necessary to understand their basic needs. Therefore, this paper aims to compare the satisfaction with FM items among elderly people with different personal characteristics in private domestic (PD) buildings.

Design/methodology/approach

A questionnaire survey was conducted among elderly people with different personal characteristics in PD buildings to collect information about their levels of satisfaction with FM items. A total of 41 FM items and four characteristics of the elderly, namely, age, gender, marital status and education, were identified in this study.

Findings

The result shows that satisfaction with natural daylight was significantly different among elderly people of different genders, while the one-way between-groups ANOVA indicate that satisfaction with the size of bedrooms, turning spaces at doors, temperature in bathrooms and/or toilets, colour, accessibility and ease of closing or opening the doors were significantly different among elderly people belonging to different age groups and of different marital status and education level.

Originality/value

Designers and private developers are therefore recommended to increase the sizes of bedrooms, install windows on opposite sides of walls in the flats and ensure there is an adequate light reflection ratio for wall and floor colours, to accommodate elderly people’s special characteristics.

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Article
Publication date: 19 June 2018

Banu Sugözü

The purpose of this study is to investigate the potential of fly ash in automotive brake lining materials.

Abstract

Purpose

The purpose of this study is to investigate the potential of fly ash in automotive brake lining materials.

Design/methodology/approach

Three brake linings containing fly ash (36, 41 and 46 Wt.%) were designed and produced by dry-mixing, pre-forming and hot pressing. The surface hardness of all brake lining samples was measured by using Brinell hardness tester. The density of the specimens was determined based on Archimedean principle in water. The friction and wear characteristics of the brake lining samples were determined using a real brake disc-type tester. Detailed examinations on the worn surface were analyzed using a scanning electron microscopy.

Findings

Fly ash can be good alternative as space filler to reduce the cost for brake lining.

Originality/value

The present study has successfully demonstrated that there is a high potential for commercial applications of brake linings including fly ash as a filler.

Details

Industrial Lubrication and Tribology, vol. 70 no. 5
Type: Research Article
ISSN: 0036-8792

Keywords

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Abstract

Details

Quantitative and Empirical Analysis of Nonlinear Dynamic Macromodels
Type: Book
ISBN: 978-0-44452-122-4

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Article
Publication date: 1 February 1973

The Secretary of State in exercise of powers conferred by sections 138(1) and 180(3) of the Factories Act 1961 and now vested in him and of all other powers enabling him…

Abstract

The Secretary of State in exercise of powers conferred by sections 138(1) and 180(3) of the Factories Act 1961 and now vested in him and of all other powers enabling him in that behalf, hereby makes the following Order:—

Details

Managerial Law, vol. 13 no. 5
Type: Research Article
ISSN: 0309-0558

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Article
Publication date: 20 August 2018

Dipty Tripathi, Shreya Banerjee and Anirban Sarkar

Business process workflow is a design conceptualization to automate the sequence of activities to achieve a business goal with involved participants and a predefined set…

Abstract

Purpose

Business process workflow is a design conceptualization to automate the sequence of activities to achieve a business goal with involved participants and a predefined set of rules. Regarding this, a formal business workflow model is a prime requisite to implement a consistent and rigorous business process. In this context, majority of the existing research works are formalized structural features and have not focused on functional and behavioral design aspects of business processes. To address this problem, this paper aims to propose a formal model of business process workflow called as business process workflow using typed attributed graph (BPWATG) enriched with structural, functional and behavioral characteristics of business processes.

Design/methodology/approach

Typed attributed graph (ATG) and first-order logic have been used to formalize proposed BPWATG to provide rigorous syntax and semantics towards business process workflows. This is an effort to execute a business workflow on an automated machine. Further, the proposed BPWATG is illustrated using a case study to show the expressiveness of proposed model. Besides, the proposed graph is initially validated using generic modelling environment (GME) case tool. Moreover, a comparative study is performed with existing formal approaches based on several crucial features to exhibit the effectiveness of proposed BPWATG.

Findings

The proposed model is capable of facilitating structural, functional and behavioral aspects of business process workflows using several crucial features such as dependency conceptualization, timer concepts, exception handling and deadlock detection. These features are used to handle real-world problems and ensure the consistency and correctness of business workflows.

Originality/value

BPWATG is proposed to formalize a business workflow that is required to make a model of business process machine-readable. Besides, formalizations of dependency conceptualization, exception handling, deadlock detection and time-out concepts are specified. Moreover, several non-functional properties (reusability, scalability, flexibility, dynamicity, reliability and robustness) are supported by the proposed model.

Details

International Journal of Web Information Systems, vol. 14 no. 3
Type: Research Article
ISSN: 1744-0084

Keywords

Content available
Article
Publication date: 7 July 2021

Alfonso Camba-Crespo, José García-Solanes and Fernando Torrejón-Flores

This study aims to identify structural breaks in the current account and the periods between these breaks, which the authors name stability spells, and study their…

Abstract

Purpose

This study aims to identify structural breaks in the current account and the periods between these breaks, which the authors name stability spells, and study their characteristics and determinants.

Design/methodology/approach

Using data from the IMF and the World Bank, this study applies the Lee and Strazicich test to endogenously identify breaks and the Heckman selection model to simultaneously study the determinants of structural breaks and current-account changes after breaks.

Findings

This study identifies 212 significant structural breaks and 341 stability spells. These spells become shorter and more volatile the further they are from equilibrium, and half of them last 10 years or less. The results show that economic growth and foreign-exchange piling are particularly useful to prevent breaks, while lower per capita income increases exposure to break risks.

Originality/value

This study introduces the concept of current-account stability spells to refer to the periods between structural breaks. These spells are then studied to determine their main characteristics. The authors also apply a global perspective in their analysis, using a wide sample of 181 economies between 1980 and 2018 and considering positive and negative breaks in both level and trend.

Details

Applied Economic Analysis, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN:

Keywords

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Book part
Publication date: 23 October 2017

Rajmund Mirdala and Júlia Ďurčová

Asynchronous current account trends between North and South of the Euro Area were accompanied by significant appreciations of real exchange rate originating in the strong…

Abstract

Asynchronous current account trends between North and South of the Euro Area were accompanied by significant appreciations of real exchange rate originating in the strong shifts in consumer prices and unit labor costs in the periphery economies relative to the core countries of the Euro Area. The issue is whether the real exchange rate is a significant driver of persisting current account imbalances in the Euro Area considering that, according to some authors, differences in domestic demand are more important than is often realized. In the paper we examine relative importance of real exchange rate and demand shocks according to the current account adjustments in the Euro Area member countries. Our results indicate that while the prices and costs related determinants of external competitiveness affected current account adjustments primarily during the pre-crisis period, demand drivers shaped current account balances mainly during the crisis period.

Details

Economic Imbalances and Institutional Changes to the Euro and the European Union
Type: Book
ISBN: 978-1-78714-510-8

Keywords

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