Факторы экономического роста строительных организаций
Economic Growth Factors of Construction Organizations

Author(s): Marina Yudenko, Evgeniy Yudenko
Subject(s): Business Economy / Management
Published by: Икономически университет - Варна
Keywords: Administrative barriers; Construction organizations; Economic growth; Institutional factors; Transaction costs
Summary/Abstract: The decrease in the growth potential of the economy of construction organizations over the past six years has led to the need to search for factors of economic growth of construction organizations. The purpose of the article is the processes of identifying concepts and parameters of economic growth, as well as the study of institutional factors affecting the changing economic potential of organizations. The presented material reflects the results of a study that search for a solution to the current problem of managing the process of economic growth of construction organizations through reducing the transaction costs of economic entities. The reduction of administrative barriers and the influence of opportunist behavior in the construction sector affects the reduction of construction time and cost, safety of works and the quality of construction facilities, which ultimately leads to economic growth in the construction sector, including the economic growth of construction organizations.

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