An Exploratory Study of the Causes of Failure in Construction Small Businesses: A Case of the Johannesburg Construction Industry, South Africa

Chikezie Eke; Clinton Aigbavboa; Wellington Thwala

doi:10.1061/9780784479377.123

An Exploratory Study of the Causes of Failure in Construction Small Businesses: A Case of the Johannesburg Construction Industry, South Africa

Chikezie Eke
, Clinton Aigbavboa
, Wellington Thwala

Construction Management and Quantity Surveying

University of Johannesburg

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

3 Citations (Scopus)

Abstract

The objective of this study is to explore the causes of small businesses failure within the Johannesburg construction industry, a metropolitan municipality in the Gauteng province of South Africa. The data for the study was collected through a structured questionnaire survey distributed to a sample of 30 owners of small and medium construction companies in Gauteng. The research respondents were construction professionals who work in SMEs. The survey results shown that the major causes of small business failure can be divided into two aspects, which are external and internal. The internal factor revealed from the study include-lack of financial managerial ability and general administration of the business. The study findings revealed the urgent areas that small construction businesses need to be supported in order for them to be sustainable which in order guarantee job security for construction professionals who are employed in these companies; thus contributing to the macroeconomic indicators of the economy.

Original language	English
Title of host publication	ICCREM 2015 - Environment and the Sustainable Building - Proceedings of the 2015 International Conference on Construction and Real Estate Management
Editors	Yaowu Wang, Thomas Olofsson, Geoffrey Qiping Shen, Yong Bai
Publisher	American Society of Civil Engineers (ASCE)
Pages	1055-1062
Number of pages	8
ISBN (Electronic)	9780784479377
DOIs	https://doi.org/10.1061/9780784479377.123
Publication status	Published - 2015
Event	2015 International Conference on Construction and Real Estate Management: Environment and the Sustainable Building, ICCREM 2015 - Lulea, Sweden Duration: 11 Aug 2015 → 12 Aug 2015

Publication series

Name	ICCREM 2015 - Environment and the Sustainable Building - Proceedings of the 2015 International Conference on Construction and Real Estate Management

Conference

Conference	2015 International Conference on Construction and Real Estate Management: Environment and the Sustainable Building, ICCREM 2015
Country/Territory	Sweden
City	Lulea
Period	11/08/15 → 12/08/15

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 9 Industry, Innovation, and Infrastructure

ASJC Scopus subject areas

Civil and Structural Engineering
Building and Construction

Access to Document

10.1061/9780784479377.123

Cite this

Eke, C., Aigbavboa, C., & Thwala, W. (2015). An Exploratory Study of the Causes of Failure in Construction Small Businesses: A Case of the Johannesburg Construction Industry, South Africa. In Y. Wang, T. Olofsson, G. Q. Shen, & Y. Bai (Eds.), ICCREM 2015 - Environment and the Sustainable Building - Proceedings of the 2015 International Conference on Construction and Real Estate Management (pp. 1055-1062). (ICCREM 2015 - Environment and the Sustainable Building - Proceedings of the 2015 International Conference on Construction and Real Estate Management). American Society of Civil Engineers (ASCE). https://doi.org/10.1061/9780784479377.123

Eke, Chikezie ; Aigbavboa, Clinton ; Thwala, Wellington. / An Exploratory Study of the Causes of Failure in Construction Small Businesses : A Case of the Johannesburg Construction Industry, South Africa. ICCREM 2015 - Environment and the Sustainable Building - Proceedings of the 2015 International Conference on Construction and Real Estate Management. editor / Yaowu Wang ; Thomas Olofsson ; Geoffrey Qiping Shen ; Yong Bai. American Society of Civil Engineers (ASCE), 2015. pp. 1055-1062 (ICCREM 2015 - Environment and the Sustainable Building - Proceedings of the 2015 International Conference on Construction and Real Estate Management).

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title = "An Exploratory Study of the Causes of Failure in Construction Small Businesses: A Case of the Johannesburg Construction Industry, South Africa",

abstract = "The objective of this study is to explore the causes of small businesses failure within the Johannesburg construction industry, a metropolitan municipality in the Gauteng province of South Africa. The data for the study was collected through a structured questionnaire survey distributed to a sample of 30 owners of small and medium construction companies in Gauteng. The research respondents were construction professionals who work in SMEs. The survey results shown that the major causes of small business failure can be divided into two aspects, which are external and internal. The internal factor revealed from the study include-lack of financial managerial ability and general administration of the business. The study findings revealed the urgent areas that small construction businesses need to be supported in order for them to be sustainable which in order guarantee job security for construction professionals who are employed in these companies; thus contributing to the macroeconomic indicators of the economy.",

author = "Chikezie Eke and Clinton Aigbavboa and Wellington Thwala",

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Eke, C, Aigbavboa, C & Thwala, W 2015, An Exploratory Study of the Causes of Failure in Construction Small Businesses: A Case of the Johannesburg Construction Industry, South Africa. in Y Wang, T Olofsson, GQ Shen & Y Bai (eds), ICCREM 2015 - Environment and the Sustainable Building - Proceedings of the 2015 International Conference on Construction and Real Estate Management. ICCREM 2015 - Environment and the Sustainable Building - Proceedings of the 2015 International Conference on Construction and Real Estate Management, American Society of Civil Engineers (ASCE), pp. 1055-1062, 2015 International Conference on Construction and Real Estate Management: Environment and the Sustainable Building, ICCREM 2015, Lulea, Sweden, 11/08/15. https://doi.org/10.1061/9780784479377.123

An Exploratory Study of the Causes of Failure in Construction Small Businesses: A Case of the Johannesburg Construction Industry, South Africa. / Eke, Chikezie; Aigbavboa, Clinton; Thwala, Wellington.
ICCREM 2015 - Environment and the Sustainable Building - Proceedings of the 2015 International Conference on Construction and Real Estate Management. ed. / Yaowu Wang; Thomas Olofsson; Geoffrey Qiping Shen; Yong Bai. American Society of Civil Engineers (ASCE), 2015. p. 1055-1062 (ICCREM 2015 - Environment and the Sustainable Building - Proceedings of the 2015 International Conference on Construction and Real Estate Management).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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AB - The objective of this study is to explore the causes of small businesses failure within the Johannesburg construction industry, a metropolitan municipality in the Gauteng province of South Africa. The data for the study was collected through a structured questionnaire survey distributed to a sample of 30 owners of small and medium construction companies in Gauteng. The research respondents were construction professionals who work in SMEs. The survey results shown that the major causes of small business failure can be divided into two aspects, which are external and internal. The internal factor revealed from the study include-lack of financial managerial ability and general administration of the business. The study findings revealed the urgent areas that small construction businesses need to be supported in order for them to be sustainable which in order guarantee job security for construction professionals who are employed in these companies; thus contributing to the macroeconomic indicators of the economy.

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Eke C, Aigbavboa C, Thwala W. An Exploratory Study of the Causes of Failure in Construction Small Businesses: A Case of the Johannesburg Construction Industry, South Africa. In Wang Y, Olofsson T, Shen GQ, Bai Y, editors, ICCREM 2015 - Environment and the Sustainable Building - Proceedings of the 2015 International Conference on Construction and Real Estate Management. American Society of Civil Engineers (ASCE). 2015. p. 1055-1062. (ICCREM 2015 - Environment and the Sustainable Building - Proceedings of the 2015 International Conference on Construction and Real Estate Management). doi: 10.1061/9780784479377.123

An Exploratory Study of the Causes of Failure in Construction Small Businesses: A Case of the Johannesburg Construction Industry, South Africa

Abstract

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Conference

UN SDGs

ASJC Scopus subject areas

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