| Author | Chanagarn Watanantachai |
| Call Number | AIT Thesis no.CM-07-13 |
| Subject(s) | Small business--Thailand--Finance
|
| Note | A thesis submitted in partial fulfillment of the requirement for the degree of Master of Engineering in Construction Engineering and Infrastructure Management. |
| Publisher | Asian Institute of Technology |
| Series Statement | Thesis ;no. CM-07-13 |
| Abstract | Construction SMEs are a backbone of the construction industry in Thailand. Unfortunately, construction SMEs have extremely high uncertainty and risk that lead them face with financial crisis and business failure easily and they can lead to failure of the Thai construction industry. Therefore, it is necessary to have a study concerned with financial crisis in order to know what factors lead construction SMEs to get into. a financial crisis. This study aims to investigate key factors that influencing the financial crisis that is affecting construction SMEs in Thailand and recommend the effective method for financial crisis management. The researcher decided to use 2 types of research design: 1) quantitative research by using survey design and 2) qualitative research by using case study. There are 3 statistic methods were used to analyze data from questionnaire surveys: 1) descriptive analysis (mean and ranking) for classifying the importance level of each factor, 2) hypothesis testing (T-test) for test the perception difference between construction SMEs with financial problem and construction SMEs without financial problem, and 3) factor analysis for reducing set of factors. For qualitative study, the case study was used to gain in-depth understanding how key factors influencing the financial crisis base on the practices of construction SMEs. Results were found that there are 10 key factors that influencing the financial crisis: Economic downturn, Payment delay from client, Increasing in construction costs, Politic instability, High competition, Unable to access sources of funds, Insufficient funds and limited capital, Low price bidding to get projects, Under-table expense for client, and Cashjlow shortage. The causes, consequences, and recommendation for handling with the 10 key factors were discussed in this study. |
| Year | 2007 |
| Corresponding Series Added Entry | Asian Institute of Technology.Thesis ;no. CM-07-13 |
| 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) | Ogunlana, Stephen 0;Noppadol Phien-wej; |
| Scholarship Donor(s) | RTG Fellowship; |
| Degree | Thesis (M.Eng.) - Asian Institute of Technology, 2007 |