績效評價模型建筑公司以埃及為例[文獻(xiàn)翻譯]

1、原文：原文：PerfmanceEvaluatingModelfConstructionCompanies:EgyptianCaseStudyAbstract:Thedynamicnatureoftoday’sconstructionindustrycompelsconstructionpartnerstoseekstrategiesindertoimproveperfmance.Currentresearchintroducesaper

2、fmanceevaluationmodelfconstructioncompaniesindertoprovideapropertoolfacompany’smanagersownersshareholdersfundingagenciestoevaluatetheperfmanceofconstructioncompanies.Themodeldevelopedhelpsacompany’smanagementtomaketherig

3、htdecisions.FinancialeconomicalindustrialdataarecollectedfromEgyptianconstructioncompaniesfnineconsecutiveyears_1992–2000_.Fiveindices_models_aredeveloped:companyperfmancesceeconomyperfmancesceindustryperfmancesceperfman

4、ceindexperfmancegrade.Themodelsdevelopedconsidercompaniesinfourconstructionsects:generalbuildingheavyspecialtraderealestate.Thesemodelsaccommodatetheeffectofmacroeconomicindustryrelatedfactscompanysizeontheperfmanceevalu

5、ation.Thefinaloutcomeofcurrentresearchisaperfmancegradewhichprovidestheperfmanceofaconstructioncompany.Thedevelopedmodelisvalidatedwhichshowsrobustresults.CEDatabasesubjectheadings:ConstructionindustryPerfmanceacteristic

6、sEgyptConstructionfirmsEvaluationCaseReptsIntroductionPerfmanceevaluationofconstructioncompaniesgainsitsimptancefromthefactthattoday’swldismovingrapidlytowardglobalizationwhichmeanstheinternationalGeneralAgreementonTarif

7、fsTrade_GATT_.TheconceptofGATTistoconductbusinessanywhereanytimeanyhow.Inthisenvironmentmanymultinationalcompaniesareawardedbusinessinothercountriesinwhichtheyarecompetingwithlocalcompanies.Bothmultinationallocalconstruc

8、tioncompaniesshouldseriouslylookfwardtoimprovingtheirperfmanceindertomaintaintheirinternationalreputation.Thecurrentstudydevelopsperfmanceaccountsreceivableunderbellingaccountspayablenotespayabletotallongtermdebtsstockre

9、tainedearningscostofsalesgrossprofit(BashaHassanein1988Seversonetal.1994).Financialstatementstructuralanalysisdeterminestheproptionthateachcompany’sgroupsubgrouprepresentsinthefinancialstatement(Hasabo1996).Adecompositio

10、nratioisusedtodeterminechangesinthepercentageofthecompany’sassetcomponentsintwoconsecutiveyears(Hasabo1996).ThefirststatisticalevaluationmodelstopredictfinancialfailureweredevelopedbyBeaver_1966_buttheywerenottargetingth

11、econstructionindustry.Companiesweredividedintotwomaingroups:failednonfailedcompanieswithsimilarassetsize.Statisticalmodelsthatarebasedonfinancialratiosoffailednonfailedcompaniesrepresentfinancialstatementratioanalysis.Be

12、aver_1966_comparedthesetwogroupsbasedupon30financialratiosinwhichthereweredifferencesinthemeanvaluesofthesetwogroupsfatleast5consecutiveyearsbefefailurewithdifferencesincreasingastheyearoffailureapproached.Manystudiesfol

13、lowedBeaver(1966)thatinvestigatedmultivariatetechniquestodistinguishfailedfromnonfailedcompanies.TheZsce(discriminatemodel)dealtwithcompaniesthatbecamelegallybankrupt(Altman1968).Deakin(1972)usedaccountingdatatoperfmmult

14、ivariatediscriminateanalysisonbankruptnonbankruptcompanies.Thisstudyconcludedthatmostfinancialratiosshoweddiscriminatyability.ThemodelofKangarietal.(1992)usedmultipleregressionanalysistoevaluatetheperfmanceofconstruction

15、companies.Thisstudydevelopedaperfmancegrade(G)curveinwhichtherelativefinancialsituationofanyconstructioncompanysatisfyingmodellimitationscouldbedeterminedSeversonetal.(1994)basedtheirmodelondiscretechoicemodelingtopredic

16、ttheprobabilityoffailureofaconstructioncompanyinmeetingitsobligationsinaconstructioncontract.RussellZhai(1996)alsousedmultipleregressionanalysistopredictconstructioncompanies’failureconsideredeconomicfinancialvariablesto