Role of financial capability in managing impacts of forex fluctuations on construction business

Mohamed, M, Teo, M, Kajewski, S and Trigunarsyah, B 2018, 'Role of financial capability in managing impacts of forex fluctuations on construction business', in Jim Shiau, Vanissorn Vimonsatit, Siamak Yazdani, and Amarjit Singh (ed.) Proceedings of the the Fourth Australasia and South-East Asia Structural Engineering and Construction Conference (ASEA SEC 04), Brisbane, Australia, 3-5 December 2018, pp. 1-6.


Document type: Conference Paper
Collection: Conference Papers

Title Role of financial capability in managing impacts of forex fluctuations on construction business
Author(s) Mohamed, M
Teo, M
Kajewski, S
Trigunarsyah, B
Year 2018
Conference name ASEA SEC 04: Streamlining Information Transfer between Construction and Structural Engineering
Conference location Brisbane, Australia
Conference dates 3-5 December 2018
Proceedings title Proceedings of the the Fourth Australasia and South-East Asia Structural Engineering and Construction Conference (ASEA SEC 04)
Editor(s) Jim Shiau, Vanissorn Vimonsatit, Siamak Yazdani, and Amarjit Singh
Publisher International Structural Engineering and Construction Society Press
Place of publication United States
Start page 1
End page 6
Total pages 6
Abstract Many reasons have led construction organizations to venture into international projects in the past years. Despite offering opportunities for business expansion, risks from foreign exchange (FOREX) fluctuations are some of the challenges that need addressing. These fluctuations have affected the construction business at company level and project levels. Most of the impacts are related to financial issues. Thus, coordinating strategic plans to deal and mitigate the impacts of FOREX fluctuations is crucial. A qualitative research was conducted in response to this. Data collection for this research involved interviewing 14 respondents who represented Malaysian construction organizations and actively involves in international construction projects. The respondents ranged from Chief Executive Officer (CEO), Chief Financial Officer (CFO), financial and project managers. NVivo Version 11.0 was used in managing the transcribed interview data. The data were analyzed via content analysis. Results revealed that FOREX fluctuations give impacts on the financial performance of construction businesses. This study also suggested mitigation actions that could be implemented to manage these issues. The most important finding is that Financial Capability (FC) is relevant and essential to overcome those issues. Finally, a framework of FC in managing impacts of FOREX fluctuations on construction business is proposed.
Subjects Building Construction Management and Project Planning
Keyword(s) Foreign exchange (FOREX)
Financial capabilities (FC)
Business performance
DOI - identifier 10.14455/ISEC.res.2018.123
Copyright notice Copyright © ISEC Press. All rights reserved.
ISBN 9780996043779
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