Financial management for small and medium-sized enterprises in construction : case study in Thailand and Indonesia | |
| Author | Megawati, Vivi |
| Call Number | AIT Thesis no.CM-08-06 |
| Subject(s) | Construction industry--Thailand--Finance Construction industry--Indonesia--Finance Small business--Thailand--Finance Small business--Indonesia--Finance Business enterprises--Thailand--Finance Business enterprises--Indonesia--Finance |
| Note | 108 p. : ill. |
| Publisher | Asian Institute of Technology |
| Series Statement | Thesis ; no. CM-08-06 |
| Abstract | Construction SMEs are the backbone of the construction industry both in Indonesia and in Thailand. However, the management is seldom maintained properly to achieve the optimal outcome. The study focused on the financial management of construction SMEs which affect the whole operational and determine the success of the firms. The study aims to investigate the financial factors and the interrelation between each factor which influence the financial outcome and financial capability and recommend the effective operational method for financial management. The study uses case study as a research design. The processes begin with factor identification which consists of preliminary factor and verification of the factors. It is the continued with the data collection using the abovementioned factors to design the case study question. Data analysis is conducted toward the evidences using explanation building method in which all the important evidences are revealed and explained. Results from factor identification shows that financial function in construction SMEs can be divided into four major parts namely: 1) money management, 2) accounting, 3) financial controlling and 4) financial advisory. The money management itself is the integration of three sub-parts: financing decision, working capital management, and investment decision. Accounting consists of recording and reporting process. Financial controlling concern both project and organization financial control. Eventually, financial advisory concern the advisory process which base the decision taken within the company regarding financial control system, dividend and retained earnings, income diversification, and tax planning. The framework shows the interrelation between each factor is developed. The causes, consequences, and recommendation for handling with all the factors mentioned above were discussed in this study |
| Year | 2008 |
| Corresponding Series Added Entry | Asian Institute of Technology. Thesis ; no. CM-08-06 |
| Type | Thesis |
| School | School of Engineering and Technology (SET) |
| Department | Department of Civil and Infrastucture Engineering (DCIE) |
| Academic Program/FoS | Construction Engineering and Infrastructure Management (CM) |
| Chairperson(s) | Chotchai Charoenngam |
| Examination Committee(s) | Venkates, Sundar;Hadikusum, B.H.W. |
| Scholarship Donor(s) | Thailand (HM King) |
| Degree | Thesis (M.Eng.) - Asian Institute of Technology, 2008 |