Business Survival Rate in Construction Industry in Relation to Other Industries: A Comparative Analysis
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Title Business Survival Rate in Construction Industry in Relation to Other Industries: A Comparative Analysis
Creator Ifte Choudhury
Contributor Jim Shiau, Vanissorn Vimonsatit, Siamak Yazdani, Amarjit Singh
Publisher ISEC PRESS
Publication Year 2561
Keyword Business failure, Business entry rate, Construction sector, General linear model, US economy
Abstract Construction industry is one of the largest industrial sector in the United States that employs close to ten million people and makes a high contribution to the growth of the country's economy. In spite of the huge impact that the industry has on the US economy, construction businesses have a hard time surviving in the market, with construction companies having the least survival rate among all the industries. Fiveyear survival rate of construction companies is one of the lowest compared to other industries. This study aims at providing evidence that the construction industry suffers the most as compared to the other industries in terms of business survival rate. A General Linear Model was used for statistical analysis. Results show a significant difference between the construction industry and other industries providing evidence that the construction industry businesses have the least survival rate.
ISBN 978-0-9960437-7-9
Language English
URL Website https://www.isec-society.org/
Website title ISEC Society
International Struct Eng and Constructn Society

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