Market structure of international construction professional services: Evidences from top design firms
Jiang, Weiyan, Hu, Xin, Ye, Kunhui, & Wong, Johnny K.W. (2016) Market structure of international construction professional services: Evidences from top design firms. Journal of Management in Engineering, 32(1), Article Number-04015033.
Construction professional service (CPS) in the international arena has been very competitive despite that the industry is proliferating at a high rate. To excel in international business, CPS firms have the importance of building overseas competition strategies on a proper understanding of the international CPS (I-CPS) market. However, subject to borderless trade, information technology–based networking, global outsourcing, and changing forms of procurement, the I-CPS market structure has become more covert, intricate, and unstraightforward than before. Through examining business competition among top international design firms, this study aims to identify the attributes of the I-CPS market structure from two perspectives—concentration and turnover. Data from Engineering News-Record over the period 2001–2011 were collected to calculate market concentration ratios and turnover indices. The results show that I-CPS competition is characterized by atomism, much turbulence with a steady increase in competition intensity, and the predominant role of new entrants and exiting firms in market turnovers. The combination of concentration and turnover is found useful to address the attributes of the I-CPS market structure, which favors I-CPS firms to formulate international competition strategies in due ways.
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|Item Type:||Journal Article|
|Keywords:||Construction prosessional services, International construction, Desing business, Competition intensity, Concentration, Market turnover|
|Subjects:||Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000)|
|Divisions:||Current > Schools > School of Civil Engineering & Built Environment
Current > QUT Faculties and Divisions > Science & Engineering Faculty
|Copyright Owner:||Copyright 2015 American Society of Civil Engineers|
|Deposited On:||30 Jul 2015 23:01|
|Last Modified:||19 May 2016 23:03|
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