Multinational contracting into Australia: Developing Dunning's theory and case study design

Rahman, Azmeri, Bridge, Adrian, Rowlinson, Steve, & Kwok, Tommy (2012) Multinational contracting into Australia: Developing Dunning's theory and case study design. In Smith, Simon (Ed.) Association of Researchers in Construction Management (ARCOM 2012), 3 - 5 September 2012, University of Edinburgh, Edinburgh.

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In response to the need to leverage private finance and the lack of competition in some parts of the Australian public sector infrastructure market, the Australian Federal government has demonstrated its desire to attract new sources of in-bound foreign direct investment (FDI) by multinational contractors. This study aims to update progress towards an investigation into the determinants of multinational contractors’ willingness to bid for Australian public sector major road and bridges. This research deploys Dunning’s eclectic theory for the first time in terms of in-bound FDI by multinational contractors into Australia. Elsewhere, the authors have developed Dunning’s principal hypothesis to suit the context of this research and to address a weakness arising in this hypothesis that is based on a nominal (yes or no) approach to the ownership, location and internalisation factors in Dunning's eclectic framework and which fails to speak to the relative explanatory power of these factors. The authors have completed a first stage test of this development of Dunning's hypothesis based on publically available secondary data, in which it was concluded tentatively that the location factor appears to have the greatest explanatory power. This paper aims to present, for the first time, a further and novel development of the operation of Dunning's eclectic paradigm within the context of multinational contracting, as well as a preview of the design and planned analysis of the next empirical stage in this research concerning case studies. Finally, and beyond the theoretical contributions expected, other expected contributions are mentioned concerning research method and practical implications.

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ID Code: 53919
Item Type: Conference Paper
Refereed: Yes
Keywords: Australia, Eclectic paradigm, multinational contractor, road and bridge sector
ISBN: 9780955239069
Subjects: Australian and New Zealand Standard Research Classification > ENGINEERING (090000) > CIVIL ENGINEERING (090500)
Divisions: Current > Schools > School of Civil Engineering & Built Environment
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Copyright Owner: Copyright 2012 Association of Researchers in Construction Management
Copyright Statement: All rights reserved. No part of this publication may be reproduced in any material (including photocopying or storing in any medium by electronic means whether or not transient or incidentally to some other use of this publication) without the permission of the copyright holder except in accordance with the provisions of the Copyright Designs and Patents Act 1988. Authors of papers in these proceedings are authorised to use their own material freely. Applications for the copyright holder's written permission to reproduce any part of this publication should be addressed to: Dr Simon Smith, School of Engineering, Alexander Graham Bell Building, Edinburgh, EH9 3JL UK,
Deposited On: 03 Oct 2012 22:14
Last Modified: 17 Jun 2015 03:50

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