Internationalization of Chinese Construction Enterprises

Pheng, Low Sui; Hong-bin, Jiang

doi:10.1061/(asce)0733-9364(2003)129:6(589)

Cited by 83 publications

(20 citation statements)

References 5 publications

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“…The most common variable used to measure company internationalization is the ratio of international revenue to total revenue (see for instance, Pheng, Hongbin 2003). In this study, as the data available did not allow a more detailed quantification of the level of internationalization, a dichotomous variable was used to distinguish companies with international activity from companies operating only at national level.…”

Section: Truncated Regression To Analyze the Impact Of Strategies On mentioning

confidence: 99%

The Impact of Internationalization and Diversification on Construction Industry Performance

Horta

Kapelko

Camanho

2016

International Journal of Strategic Property Management

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This paper investigates the impact of internationalization and diversification strategies on the financial performance of construction industry companies. The results obtained can guide the design of strategies to pursue company growth and achieve competitive advantage. The evaluation of companies' performance is based on the use of the Data Envelopment Analysis technique to aggregate financial indicators using optimized weights. The impact of internationalization and diversification on company performance is explored using truncated regression, controlling for the effect of contextual factors such as company age, size and time. Data Envelopment Analysis and truncated regression were complemented with bootstrapping to ensure the robustness of the results obtained. The activity of Portuguese and Spanish contractors in the period 2002 to 2011 is used as case study. The empirical results show that internationalization has a positive impact on financial performance, although this effect is only statistically significant for Spanish contractors. Diversification has a nonlinear relationship with performance, benefiting companies with either a small number of core activities or companies with a broad scope of activities.

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Section: Truncated Regression To Analyze the Impact Of Strategies On mentioning

confidence: 99%

The Impact of Internationalization and Diversification on Construction Industry Performance

Horta

Kapelko

Camanho

2016

International Journal of Strategic Property Management

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“…Experience has shown that construction companies answer the demands of competitive environments and more sophisticated demands by using strategies such as acquisitions, mergers, joint ventures, licensing and development of products and/or services (Gunhan and Arditi, 2005). Presence on the foreign markets can also be established by founding a subsidiary or through merging with local companies (Pheng and Hongbin, 2003).…”

Section: Croatian Construction Industry In the Context Of Internationmentioning

confidence: 99%

Analysis of internationalization trends in the construction industry with an overview on Croatian construction companies

Butković

Mihić

2019

Organization, Technology and Management in Construction: An International Journal

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Abstract Today’s level of globalization and intensifying of competition have resulted in increased number of companies that aim to internationalize their business, and internationalization is gaining more and more significance among the research community. There are not only many perceived benefits of conducting business activities outside one’s home country but also additional risks, challenges and barriers. Construction industry is specific in its nature as it is an extremely regulated profession. This presents an additional challenge to the construction companies seeking to internationalize their business. The goal of the paper is to analyze the current levels of internationalization on the global construction market and to gain insight into future trends, which are achieved by analyzing business data regarding the international construction sector and the data on international results of the Croatian construction companies. The paper first presents the development of the international construction market, followed by the report on the current state of the internationalization in the construction industry as well as on future trends. Finally, the paper presents an overview on the Croatian construction companies and their performance on the foreign markets and gives guidelines or potential growth strategies to participate on the foreign markets.

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“…Seymour (1987) adopted Dunning's eclectic paradigm to analyse the multinational construction industry. Pheng and Hongbin (2003) investigated the internationalisation of Chinese construction enterprises using Dunning's eclectic paradigm. Cuervo and Pheng (2003) analysed the significance of ownership advantage and the disadvantage factors of Singaporean transnational construction corporations in the international construction market.…”

Section: Dikmen and Birgonulmentioning

confidence: 99%

A review of international construction research: Ranko Bon's contribution

Dikmen

Birgönül

2006

Construction Management and Economics

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Literature on international construction is rich in adopting conceptual frameworks to investigate levels of international competitiveness and making inter-country comparisons about sources of national competitive advantage. However, there are limited studies that result from collaborative work between different country researchers about development of custom frameworks to investigate complexities of international construction business, experience-based generic libraries applicable to international construction projects and forecasting models. Ranko Bon's contribution to the international construction literature is invaluable as he has dealt with broad trends and dominant patterns of change in the global construction market by referring to judgments of experts from all over the world and helped dissemination of this practical information which may be used by policy makers and construction professionals seeking jobs in the global market.International construction, international construction research, global construction market,

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Internationalization of Chinese Construction Enterprises

Cited by 83 publications

References 5 publications

The Impact of Internationalization and Diversification on Construction Industry Performance

The Impact of Internationalization and Diversification on Construction Industry Performance

Analysis of internationalization trends in the construction industry with an overview on Croatian construction companies

A review of international construction research: Ranko Bon's contribution

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