FACTOR ANALYSIS OF ENSURING THE COMPETITIVENESS OF CONSTRUCTION ENTERPRISES IN THE CONDITIONS OF NEW CHALLENGES

Authors

  • А. Tsyhenko O.M. Beketov National University of Urban Economy in Kharkiv

DOI:

https://doi.org/10.33042/2522-1809-2022-5-172-12-16

Keywords:

construction industry, construction enterprises, factor analysis, competitiveness of construction enterprises

Abstract

The construction industry in the conditions of martial law and post-war reconstruction will have a decisive influence on ensuring the development of economic systems. The development of the construction industry should become a multiplier for the development of the economy. Therefore, an important aspect considered in the article is the definition of influencing factors on ensuring the competitiveness of construction enterprises in the conditions of new global challenges. The purpose of the study is to determine the factors influencing the formation of the competitiveness of construction enterprises to ensure the effectiveness of the effects on the development of the economy in the conditions of martial law and post-war reconstruction. The article defines the role of the construction industry in the development of the economy, analyzes trends in the development of the construction industry, determines the influencing factors on ensuring the competitiveness of construction enterprises and the resulting indicators of competitiveness, develops recommendations for increasing the competitiveness of construction enterprises. As a result of the analysis, a cyclic scheme for implementing the mechanisms of the economic block of indicators for ensuring the competitiveness of construction enterprises was developed based on the factor analysis of indicators that affect the formation of competitiveness. Having determined the set of coefficients for the analysis of the economic group of indicators, an algorithm was developed for the implementation of conceptual approaches to the formation of a system of evaluation and monitoring of the effectiveness of the formation of competitiveness. The developed cyclic algorithm for implementing the mechanisms of the economic block of indicators for ensuring the competitiveness of construction enterprises can be applied to all groups of factors, because it is universal.

Author Biography

А. Tsyhenko, O.M. Beketov National University of Urban Economy in Kharkiv

graduate student

References

Osunsanmi, T.O., Aigbavboa, C.O., Thwala, W.D. and Oke, A.E. (2022), "Current Era and Practice of Supply Chain Management in the Construction Industry", Construction Supply Chain Management in the Fourth Industrial Revolution Era, Emerald Publishing Limited, Bingley, pp. 19-76. https://doi.org/10.1108/978-1-80382-159-720221002

Cai, X., Gura, D. and Kurilova, A. (2022), "Stakeholders' impact on the leadership potential of small and medium-sized construction enterprises", Engineering, Construction and Architectural Management, Vol. 29 No. 8, pp. 2999-3022. https://doi.org/10.1108/ECAM-04-2021-0290

Li, X., Liu, X., Huang, Y., Li, J., He, J. and Dai, J. (2022), "Evolutionary mechanism of green innovation behavior in construction enterprises: evidence from the construction industry", Engineering, Construction and Architectural Management, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/ECAM-02-2022-0186

Guo, W. and Chen, M. (2022), "Construction of structural dimensions of organizational human capital competitive advantage", Journal of Intellectual Capital, Vol. 23 No. 5, pp. 1081-1106. https://doi.org/10.1108/JIC-07-2020-0223

Parente-Laverde, A.-M., Rojas-DeFrancisco, L. and Martins, I. (2022), "Country and corporate reputation from an internationalization perspective: a comparative study of industries from an emerging market", International Journal of Emerging Markets, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/IJOEM-06-2021-0884

Official website of the State Audit Service of Ukraine. Monitoring of draft laws and individual resolutions of the Verkhovna Rada of Ukraine (Verkhovna Rada website) Electronic resource. – Access mode: https://dasu.gov.ua/ua/plugins/userPages/2704

Express issue of the yearbook of the State Statistics Service of Ukraine. Production of construction products. Index of construction products by types. Electronic resource. – Access mode: https://ukrstat.gov.ua/express/expr2021/02/11.pdf

Official website of the Ministry of Community and Territorial Development. Areas of activity. Construction and architecture. United24. Electronic resource. – Access mode: https://www.minregion.gov.ua/napryamki-diyalnosti/building/united24/

Published

2022-10-17

How to Cite

Tsyhenko А. (2022). FACTOR ANALYSIS OF ENSURING THE COMPETITIVENESS OF CONSTRUCTION ENTERPRISES IN THE CONDITIONS OF NEW CHALLENGES. Municipal Economy of Cities, 5(172), 12–16. https://doi.org/10.33042/2522-1809-2022-5-172-12-16