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Ali, A K (2019) A case study in developing an interdisciplinary learning experiment between architecture, building construction, and construction engineering and management education. Engineering, Construction and Architectural Management, 26(09), 2040–59.

Chan, D W, Olawumi, T O and Ho, A M (2019) Critical success factors for building information modelling (BIM) implementation in Hong Kong. Engineering, Construction and Architectural Management, 26(09), 1838–54.

Chen, Y, Yin, Y, Browne, G J and Li, D (2019) Adoption of building information modeling in Chinese construction industry. Engineering, Construction and Architectural Management, 26(09), 1878–98.

Gao, J, Ren, H and Cai, W (2019) Risk assessment of construction projects in China under traditional and industrial production modes. Engineering, Construction and Architectural Management, 26(09), 2147–68.

Iskandar, K A, Hanna, A S and Lotfallah, W (2019) Modeling the performance of healthcare construction projects. Engineering, Construction and Architectural Management, 26(09), 2023–39.

Jin, R, Zou, P X, Li, B, Piroozfar, P and Painting, N (2019) Comparisons of students’ perceptions on BIM practice among Australia, China and UK. Engineering, Construction and Architectural Management, 26(09), 1899–923.

Laryea, S (2019) Procurement strategy and outcomes of a new universities project in South Africa. Engineering, Construction and Architectural Management, 26(09), 2060–83.

Lavikka, R H, Kyrö, R, Peltokorpi, A and Särkilahti, A (2019) Revealing change dynamics in hospital construction projects. Engineering, Construction and Architectural Management, 26(09), 1946–61.

Lee, C (2019) Financing method for real estate and infrastructure development using Markowitz’s portfolio selection model and the Monte Carlo simulation. Engineering, Construction and Architectural Management, 26(09), 2008–22.

  • Type: Journal Article
  • Keywords: Management; Project management; Strategic management;
  • ISBN/ISSN: 0969-9988
  • URL: https://doi.org/10.1108/ECAM-10-2018-0440
  • Abstract:
    Special purpose companies issue stocks to raise money to finance development of real estate and infrastructure. The advantage of a stock issue is that it does not entail financial cost such as interest on a loan. However, financing obtained in this way has been insufficient due to low interest by investors because of the large variability of the stocks’ earnings rates. The purpose of this paper is to propose methods to improve investment earnings rate for financing. Design/methodology/approach The proposed methods are Markowitz’s model and a combination of Markowitz’s model and Monte Carlo simulation. The proposed methods were verified by comparison with actual earnings rate. Findings The earnings rate was increased by as much as 23 percent over the actual value. Then, earnings rate compared with risk was analyzed using the Sharpe ratio which is a method to measure investment performance. The performance was also increased by as much as 23 percent over the actual value. The proposed method can help activate investment by increasing investors’ interest in the stock issue. Originality/value This study verified that Markowitz’s portfolio model, which is used for econometrics, could be applied for financing of construction project. It is valuable because the previous studies did not propose the method for financing.

Manu, P, Mahamadu, A, Booth, C, Olomolaiye, P O, Coker, A, Ibrahim, A and Lamond, J (2019) Infrastructure procurement capacity gaps in Nigeria public sector institutions. Engineering, Construction and Architectural Management, 26(09), 1962–85.

Marefat, A, Toosi, H and Mahmoudi Hasankhanlo, R (2019) A BIM approach for construction safety: applications, barriers and solutions. Engineering, Construction and Architectural Management, 26(09), 1855–77.

Nadafi, S, Moosavirad, S H and Ariafar, S (2019) Predicting the project time and costs using EVM based on gray numbers. Engineering, Construction and Architectural Management, 26(09), 2107–19.

Pantzartzis, E, Price, A and Edum Fotwe, F (2019) Roadmap layers and processes: resilient and sustainable care facilities. Engineering, Construction and Architectural Management, 26(09), 1986–2007.

Panwar, A, Tripathi, K K and Jha, K N (2019) A qualitative framework for selection of optimization algorithm for multi-objective trade-off problem in construction projects. Engineering, Construction and Architectural Management, 26(09), 1924–45.

Roberts, C, Edwards, D J, Hosseini, M R, Mateo-Garcia, M and Owusu-Manu, D (2019) Post-occupancy evaluation: a review of literature. Engineering, Construction and Architectural Management, 26(09), 2084–106.

Wu, C, Chen, C, Jiang, R, Wu, P, Xu, B and Wang, J (2019) Understanding laborers’ behavioral diversities in multinational construction projects using integrated simulation approach. Engineering, Construction and Architectural Management, 26(09), 2120–46.