Conceptual review study of working capital management practices in the construction industry: trends and research prospects in Ghana (2024)

Asare, E., Owusu-Manu, D. G., Ayarkwa, J. (Accepted/In press). Conceptual review study of working capital management practices in the construction industry: trends and research prospects in Ghana. Journal of Engineering, Design and Technology. https://doi.org/10.1108/JEDT-01-2022-0017

Asare, Emmanuel ; Owusu-Manu, De Graft ; Ayarkwa, Joshua et al. / Conceptual review study of working capital management practices in the construction industry : trends and research prospects in Ghana. In: Journal of Engineering, Design and Technology. 2022.

@article{dd00cb377e094396b3e5becf89c452ff,

title = "Conceptual review study of working capital management practices in the construction industry: trends and research prospects in Ghana",

abstract = "Purpose: The concept of working capital management (WCM) has been a fundamental financial accounting term that has evolved in financial theory for centuries. Given that the construction industry (CI) is financially dynamic, there is an imperative need to understand its WCM practices. The call for the industry players to adhere to efficient financial management practices as a result of a huge financing gap requires consented effort. This study aims to explore the trend of practices of WCM in the CI and elicit a broader polemic dialogue about this crucial theme. Design/methodology/approach: The source of information for the study was secondary mainly from referenced journals and international conference papers published on WCM relating to the CI. A three-step sample selection strategy was adopted to identify the range and scope of publications on WCM in the CI based on the systematic literature review method. Findings: The CI cannot boost of enough empirical WCM research to gain in-depth understanding of its practical trend. The developing economies are failing to produce insightful peer-reviewed papers on WCM to assist in bridging the infrastructural financing gap through apposite strategies. Gaining appropriate knowledge of the short-term financial operations through a conceptualization of WCM practices in the CI may lead to better strategies formulated for smooth operations. Originality/value: This is a pioneering paper in developing economies that have taken stock of WCM knowledge of the practical trend in the CI. Future research prospects in which WCM matters can use it as a reference point.",

keywords = "Construction industry, Practices, Working capital management",

author = "Emmanuel Asare and Owusu-Manu, {De Graft} and Joshua Ayarkwa and Edwards, {David John}",

note = "Publisher Copyright: {\textcopyright} 2022, Emerald Publishing Limited.",

year = "2022",

doi = "10.1108/JEDT-01-2022-0017",

language = "English",

journal = "Journal of Engineering, Design and Technology",

issn = "1726-0531",

publisher = "Emerald Group Publishing Ltd.",

}

Asare, E, Owusu-Manu, DG, Ayarkwa, J 2022, 'Conceptual review study of working capital management practices in the construction industry: trends and research prospects in Ghana', Journal of Engineering, Design and Technology. https://doi.org/10.1108/JEDT-01-2022-0017

Conceptual review study of working capital management practices in the construction industry: trends and research prospects in Ghana. / Asare, Emmanuel; Owusu-Manu, De Graft; Ayarkwa, Joshua et al.
In: Journal of Engineering, Design and Technology, 2022.

Research output: Contribution to journal › Article › peer-review

TY - JOUR

T1 - Conceptual review study of working capital management practices in the construction industry

T2 - trends and research prospects in Ghana

AU - Asare, Emmanuel

AU - Owusu-Manu, De Graft

AU - Ayarkwa, Joshua

AU - Edwards, David John

N1 - Publisher Copyright:© 2022, Emerald Publishing Limited.

PY - 2022

Y1 - 2022

N2 - Purpose: The concept of working capital management (WCM) has been a fundamental financial accounting term that has evolved in financial theory for centuries. Given that the construction industry (CI) is financially dynamic, there is an imperative need to understand its WCM practices. The call for the industry players to adhere to efficient financial management practices as a result of a huge financing gap requires consented effort. This study aims to explore the trend of practices of WCM in the CI and elicit a broader polemic dialogue about this crucial theme. Design/methodology/approach: The source of information for the study was secondary mainly from referenced journals and international conference papers published on WCM relating to the CI. A three-step sample selection strategy was adopted to identify the range and scope of publications on WCM in the CI based on the systematic literature review method. Findings: The CI cannot boost of enough empirical WCM research to gain in-depth understanding of its practical trend. The developing economies are failing to produce insightful peer-reviewed papers on WCM to assist in bridging the infrastructural financing gap through apposite strategies. Gaining appropriate knowledge of the short-term financial operations through a conceptualization of WCM practices in the CI may lead to better strategies formulated for smooth operations. Originality/value: This is a pioneering paper in developing economies that have taken stock of WCM knowledge of the practical trend in the CI. Future research prospects in which WCM matters can use it as a reference point.

AB - Purpose: The concept of working capital management (WCM) has been a fundamental financial accounting term that has evolved in financial theory for centuries. Given that the construction industry (CI) is financially dynamic, there is an imperative need to understand its WCM practices. The call for the industry players to adhere to efficient financial management practices as a result of a huge financing gap requires consented effort. This study aims to explore the trend of practices of WCM in the CI and elicit a broader polemic dialogue about this crucial theme. Design/methodology/approach: The source of information for the study was secondary mainly from referenced journals and international conference papers published on WCM relating to the CI. A three-step sample selection strategy was adopted to identify the range and scope of publications on WCM in the CI based on the systematic literature review method. Findings: The CI cannot boost of enough empirical WCM research to gain in-depth understanding of its practical trend. The developing economies are failing to produce insightful peer-reviewed papers on WCM to assist in bridging the infrastructural financing gap through apposite strategies. Gaining appropriate knowledge of the short-term financial operations through a conceptualization of WCM practices in the CI may lead to better strategies formulated for smooth operations. Originality/value: This is a pioneering paper in developing economies that have taken stock of WCM knowledge of the practical trend in the CI. Future research prospects in which WCM matters can use it as a reference point.

KW - Construction industry

KW - Practices

KW - Working capital management

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U2 - 10.1108/JEDT-01-2022-0017

DO - 10.1108/JEDT-01-2022-0017

M3 - Article

AN - SCOPUS:85130297708

SN - 1726-0531

JO - Journal of Engineering, Design and Technology

JF - Journal of Engineering, Design and Technology

ER -

Asare E, Owusu-Manu DG, Ayarkwa J, Edwards DJ. Conceptual review study of working capital management practices in the construction industry: trends and research prospects in Ghana. Journal of Engineering, Design and Technology. 2022. doi: 10.1108/JEDT-01-2022-0017