Corporate factors influencing sustainable construction enterprise

Hafiz Alaka, Hakeem A Owolabi, Saheed O. Ajayi, Olugbenga O. Akinade

Research output: Chapter in Book/Report/Conference proceedingConference proceeding

Abstract

While many studies are still focusing on sustainability in construction in terms of greening or resource consumption reduction, the construction industry (CI) has been struggling more with the sustainability of construction firms in terms of survival. For example, more than 1,500 construction firms went bust at the start of 2012 alone, with the industry leading the liquidated companies in England and Wales chart at the end of 2013. Despite many studies into the causes of failure of firms, the firms in the CI have continued to perform poorly. On the world scale, the CI has consistently been the second worst industry in terms of corporate failure. The objective of this study is hence to identify the key factors that determine/affect the sustainability of a construction enterprise. The methodology used is mainly phenomenology. Phenomenology, otherwise known as interpretivism, is known for its suitability for discovering root causes of events comprehensively. Ten comprehensive unstructured interviews were carried out to identify the factors using convenience and snowballing sample methods. The target respondents were mainly managerial level employees, directors and owners of failed construction firms. Target construction firms were only small and medium enterprise (SMEs). The interviews were analysed qualitatively using Nvivo. The results showed that cash flow; investment in operation/assets; immigration; over reliance on certain source(s) for project; multiple responsibilities; lack of construction business knowledge; bid pricing; and firm’s age are the most important factors affecting the sustainability of construction firms.

Corporate Factors Influencing Sustainable Construction Enterprise (PDF Download Available). Available from: https://www.researchgate.net/publication/284454105_Corporate_Factors_Influencing_Sustainable_Construction_Enterprise [accessed Jan 29 2018].
Original languageEnglish
Title of host publicationGoing North for Sustainability: Leveraging Knowledge and Innovation for Sustainable Construction and Development
PublisherIBEA Publications Ltd
Pages399-409
Number of pages11
ISBN (Print)9781326479510
DOIs
Publication statusPublished - 2015
EventCIB Joint International Conference - London, United Kingdom
Duration: 23 Nov 201525 Nov 2015

Conference

ConferenceCIB Joint International Conference
CountryUnited Kingdom
CityLondon
Period23/11/1525/11/15

Keywords

  • Construction Firms
  • Construction Industry
  • corporate failure
  • Kay factors
  • SMEs
  • Sustainability

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  • Cite this

    Alaka, H., Owolabi, H. A., Ajayi, S. O., & Akinade, O. O. (2015). Corporate factors influencing sustainable construction enterprise. In Going North for Sustainability: Leveraging Knowledge and Innovation for Sustainable Construction and Development (pp. 399-409). IBEA Publications Ltd. https://doi.org/10.13140/RG.2.1.3236.4883