Changes in profit as market conditions change : an historical study of a building firm

Ming, Chan Siu, Runeson, Goran, & Skitmore, Martin (1996) Changes in profit as market conditions change : an historical study of a building firm. Construction Management and Economics, 14(3), pp. 253-264.

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This paper analyses the profits from 221 construction projects undertaken by an Australian building firm in the period 1910–1938 and examines the factors that influence the firm's profit levels. This involves a series of multiple regression analyses with three dependent variables representing profit and 26 independent variables representing economic conditions and project characteristics. From these, 11 models are derived of which two are chosen as having the best explanatory power in explaining approximately 72% of the variability in profit levels movements. The results show that unemployment, interest rates, level of construction activity in the state, change of wage level, inflation rate of building material and project value significantly influenced the firm's profit level during the period.

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16 citations in Scopus
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ID Code: 58875
Item Type: Journal Article
Refereed: Yes
Keywords: Intrafirm Profit, Australian Economy, Regression Analysis
DOI: 10.1080/014461996373502
ISSN: 1466-433X
Divisions: Current > Schools > School of Civil Engineering & Built Environment
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Copyright Owner: Copyright 1996 Routledge
Deposited On: 04 Apr 2013 00:58
Last Modified: 05 Apr 2013 04:43

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