There have been dramatic changes in the finances of the companies interviewed since the collapse of the boom. These have affected their capital structure, their profits and cash flow. Their responses included stricter financial control, cost cutting and cuts in dividends. The sections below discuss the change from boom to recession, the predicament faced by the companies and their reactions.
KeywordsCash Flow Housing Market Balance Sheet Capital Structure Share Price
Unable to display preview. Download preview PDF.
- 1.Geroski, P.A. and Gregg, P., ‘Coping with the Recession’ National Institute Economic Review, November 1993, pp. 64–75.Google Scholar
- 2.Joint Forecasting Committee for the Construction Industries, Construction Forecasts 1988–1989–1990 (London: NEDO, June 1988).Google Scholar
- 3.Joint Forecasting Committee for the Construction Industries, Construction Forecasts 1988–1989–1990 (London: NEDO, December 1988).Google Scholar
- 4.Coopers & Lybrand, The Middle Market Survey (London: Coopers & Lybrand, 1994).Google Scholar