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- Title
MANAGING FINANCE AND RISK IN POLISH PROPERTY DEVELOPMENT ENTERPRISES IN THE PERIOD OF SARS-CoV-2 PANDEMIC.
- Authors
MYRCZEK, Józef; TWOREK, Piotr
- Abstract
Purpose: The paper aims to outline the issues related to financial management in property development enterprises during the SARS-CoV-2 pandemic. The discussions presented herein are held from the perspective of risk categories in the construction business. Risk refers to the financial condition of developers as participants of investment and construction processes in Poland. Design/methodology/approach: In its basic part the paper deals with the operations of property development enterprises in the period from December 2019 to June 2021. The empirical research was based on case studies. In their deliberations the authors drew on their own expertise and the experience they have gained throughout long-term studies into risk management in the construction industry. Deduction and synthesis provided the foundations for the conclusions drawn by the authors with reference to property development companies operating on the Polish market at large. The conclusions presented here were also derived from the knowledge currently available in the scholarly literature in this field. In addition, comparative analysis has been employed in the publication. Findings: The paper constitutes an empirical verification of the theoretical content presented in the scientific literature. Research limitations/implications: The paper presents only the selected aspects of highly specialised knowledge which is finance and risk management in property development enterprises. Practical implications: The paper presents practical knowledge (utilitarian dimension of knowledge) verified empirically through scientific discussions. Originality/value: The discussions presented in the paper may be seen as casting some more light onto finance and construction risk management in developers’ businesses during the COVID-19 pandemic. The outbreak of the pandemic is referred to in the scholarly literature as a so-called black swan
- Subjects
POLAND; COVID-19 pandemic; FINANCIAL risk; CONSTRUCTION management; SCIENTIFIC literature; REAL estate business; HOUSING developers
- Publication
Scientific Papers of Silesian University of Technology. Organization & Management / Zeszyty Naukowe Politechniki Slaskiej. Seria Organizacji i Zarzadzanie, 2022, Issue 163, p366
- ISSN
1641-3466
- Publication type
Article
- DOI
10.29119/1641-3466.2022.163.22