| Title |
Analysis of Quantified Characteristics of the Performance Indicators for Construction Companies |
| Authors |
Yu, Il-Han ; Kim, Kyung-Rai ; Jung, Youngsoo ; Chin, Sangyoon |
| Keywords |
Performance Measurement ; Balanced Scorecard ; Performance Index ; Cause-and-effect Relationships |
| Abstract |
Recently, the demand for performance evaluation and management at the industrial or corporate level has been increasing. From this perspective, this study has developed indicators to measure and compare construction company performances and we have analyzed various characteristics of those indicators. Throughout our thorough qualitative and quantitative analysis, we first identified a set of indicators for performance measurement. These indicators have been shown to meet the requirements of validity, measurability, and comparability. Second, we calculated the performance index of construction companies by applying weightings of the performance categories. Then we performed correlation and regression analyses using the calculated performance index and identified the basic cause-and-effect relationships, as well as the statistical characteristics of the performance index. Drawing on the results of the analytical processes identified in this work, we discuss future research to be conducted. |