解读建筑组织的诉讼倾向:从财务报表中的理解

IF 1.9 Q3 ENGINEERING, CIVIL
Murali Jagannathan, V. K. Delhi
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引用次数: 0

摘要

目的尽管有友好的手段来解决施工纠纷,但在一些国家,诉讼仍然是一种主流的纠纷解决方式。这种诉讼倾向(TTL)要求研究制定适当的预防措施,以鼓励利益相关者通过替代争议解决(ADR)技术解决大多数商业纠纷。尽管索赔人的生存周期取决于个人、项目和组织的偏好,但本研究确定了投标人可能增加其诉讼倾向的财务参数,作为帮助雇主采取预防措施以阻止此类倾向的第一步,可以节省诉讼时间和金钱,从而使潜在索赔人和雇主都受益。通过文献综述,本文采用Rachlinski的“诉讼框架理论”(基于Kahneman和Tversky的前景理论)提出的理论结构来解释组织层面的诉讼决策。本研究从印度建筑/房地产公司的财务报表中获取数据,然后通过面板回归分析来检验理论结构的有效性。研究结果表明,TTL(风险寻求行为)通常随着销售额的降低、资产和盈利能力的提高而增加。有趣的是,组织层面的现金流对诉讼倾向的影响不显著。了解哪些财务参数可能会增加诉讼倾向,可以帮助雇主评估投标人对项目纠纷提起诉讼的倾向。独创性/价值研究人员使用财务报表来探索财务变量之间的相关性。然而,在建筑业背景下,没有建筑公司数据的实证研究来了解潜在的诉讼费用与特定财务比率的比较。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Decoding a construction organisation's tendency to litigate: an understanding through financial statements
PurposeDespite the availability of amicable means to resolve construction disputes, litigation remains a mainstream dispute resolution process in some countries. This tendency to litigate (TTL) calls for research to develop appropriate precautions to encourage stakeholders to resolve most commercial disputes through alternate dispute resolution (ADR) techniques. While a claimant's TTL arise from the individual, project and organisation preferences, this study, which can benefit both potential claimants and employers by saving time and money on litigation, identifies a bidder's financial parameters that may increase its litigation propensities, as a first step towards aiding employers to incorporate precautions to discourage such tendencies.Design/methodology/approachAfter the literature review, the theoretical construct proposed by Rachlinski's “framing theory of litigation” (based on Kahneman and Tversky's Prospects Theory) is used to explain organisation-level litigation decision-making. The study sources data from the financial statements of Indian construction/real estate firms, followed by panel regression analysis to test the theoretical construct's validity.FindingsThe results show that the TTL (risk-seeking behaviour) generally increases with a lower value of sales, higher assets and profitability. Interestingly, organisation-level cash flow shows an insignificant influence on litigation tendencies.Practical implicationsKnowing which financial parameters may increase litigation tendencies could help employers evaluate a bidder's propensity to litigate project disputes.Originality/valueResearchers use financial statements to explore correlations among financial variables. However, in the construction context, there are no empirical studies with data from construction firms to understand potential litigation expenses compared to specific financial ratios.
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来源期刊
CiteScore
4.30
自引率
9.10%
发文量
41
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