Justice and nature of contract as determinant of abandoned housing project

Abdullah, Moha Asri and Abdul Razak, Dzuljastri and Mohamed, Mustafa Omar and Olaniyi, Oladokun Nafiu (2015) Justice and nature of contract as determinant of abandoned housing project. In: International Conference on Contemporary Issues in Accounting and Finance 2015 (CoCIAF 2015), 8th-10th October 2015, Hilton Kuching, Sarawak. (Unpublished)

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Abstract

This study aims at exploring the perception of stakeholders particularly the home buyers about the causes of abandoned housing project (AHP) in Malaysia. Assessing the determinant of AHP could assist in mitigating the effect of AHP in Malaysia. In this study, we employed factor analysis and Structural Equation Modelling (SEM) to achieve the stated objective. The total sample size of the study comprises of 328 respondents that cut across all states in Malaysia. Two main constructs namely justice and nature of contract are considered in this study. The result of the SEM revealed that lack of justice and weak regulatory system couple with the nature of the contract of financing significantly contributes to the problem of abandoned housing projects. Hence, it is suggested that fairness in contract (e.g. risk sharing) and sound regulatory system could help in mitigating the effect of abandoned housing problems.

Item Type:	Conference or Workshop Item (Abstract)
Additional Information:	4433/45752
Uncontrolled Keywords:	Abandoned housing project, Justice, Nature of contract, SEM
Subjects:	H Social Sciences > HG Finance > HG4001 Financial management. Business finance. Corporation finance.
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Finance
Depositing User:	Dr Dzuljastri Abdul Razak
Date Deposited:	03 Dec 2015 16:19
Last Modified:	03 Dec 2015 16:19
URI:	http://irep.iium.edu.my/id/eprint/45752

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