Rafał Wolski | Magdalena Załęczna
pages: 14-26;
JEL classification: D22, L25, R30;
Keywords: construction companies; residential real estate; profitability;
Abstract: Construction companies are important economic actors in every country. Their activity translates
into employment levels, tax revenues, and the provision of new spaces that require further expenditure
on equipment, thus stimulating consumer spending. The activity of construction companies
depends on the demand for space, the state of the economy and the financial market. Undoubtedly
economic disturbances in the form of a recession have a significant impact on construction
activity. The authors were interested in whether the boom and recession in the selected countries
were similarly reflected in the activity of construction companies. In particular, they were interested
in residential construction activity, although it was not possible to select companies that would
only deal with residential construction. The authors selected four post-socialist countries and
two countries which are called winners of the integration process due to their enormous economic
growth.