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Article: Concentration in the international construction market

TitleConcentration in the international construction market
Authors
KeywordsBusiness concentration
Intensity of competition
International construction market
Moderate competition
Issue Date2009
PublisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/01446193.asp
Citation
Construction Management And Economics, 2009, v. 27 n. 12, p. 1197-1207 How to Cite?
AbstractWith the involvement of an increasing number of contractors in the international construction market, venturing overseas has been fraught with fierce competition and considerable uncertainties. This underscores the importance of examining the extent to which the intensity of competition (IoC) for international construction business is moderate. Concentration is a conventional IoC measure. By synthesizing four major concentration methods including concentration ratio, entropy, Gini coefficient and the Herfindahl index, a new model for measuring moderate IoC is thus proposed. Using the 28 years ENR-based data of the top 225 international contractors (TIC 225) in the proposed model, the IoC for international construction business is found to be moderate, if the magnitude of the market shares occupied by the top four international contractors is 0.2735. The finding revises a popular view that international construction competition has been intensifying only since 2002. It is implied that the proposed model favours a better understanding of competition characteristics in the international construction market and provides new insights into the theories about concentration. © 2009 Taylor & Francis.
Persistent Identifierhttp://hdl.handle.net/10722/129037
ISSN
2015 SCImago Journal Rankings: 0.967
References

 

DC FieldValueLanguage
dc.contributor.authorYe, Ken_HK
dc.contributor.authorLu, Wen_HK
dc.contributor.authorJiang, Wen_HK
dc.date.accessioned2010-12-23T02:43:03Z-
dc.date.available2010-12-23T02:43:03Z-
dc.date.issued2009en_HK
dc.identifier.citationConstruction Management And Economics, 2009, v. 27 n. 12, p. 1197-1207en_HK
dc.identifier.issn0144-6193en_HK
dc.identifier.urihttp://hdl.handle.net/10722/129037-
dc.description.abstractWith the involvement of an increasing number of contractors in the international construction market, venturing overseas has been fraught with fierce competition and considerable uncertainties. This underscores the importance of examining the extent to which the intensity of competition (IoC) for international construction business is moderate. Concentration is a conventional IoC measure. By synthesizing four major concentration methods including concentration ratio, entropy, Gini coefficient and the Herfindahl index, a new model for measuring moderate IoC is thus proposed. Using the 28 years ENR-based data of the top 225 international contractors (TIC 225) in the proposed model, the IoC for international construction business is found to be moderate, if the magnitude of the market shares occupied by the top four international contractors is 0.2735. The finding revises a popular view that international construction competition has been intensifying only since 2002. It is implied that the proposed model favours a better understanding of competition characteristics in the international construction market and provides new insights into the theories about concentration. © 2009 Taylor & Francis.en_HK
dc.languageeng-
dc.publisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/01446193.aspen_HK
dc.relation.ispartofConstruction Management and Economicsen_HK
dc.rightsThis is an electronic version of an article published in Construction Management and Economics, 2009, v. 27 n. 12, p. 1197-1207. Construction Management and Economics is available online at: http://www.informaworld.com/smpp/content~db=all?content=10.1080/01446190903222429-
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.subjectBusiness concentrationen_HK
dc.subjectIntensity of competitionen_HK
dc.subjectInternational construction marketen_HK
dc.subjectModerate competitionen_HK
dc.titleConcentration in the international construction marketen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0144-6193&volume=27&issue=12&spage=1197&epage=1207&date=2009&atitle=Concentration+in+the+international+construction+market-
dc.identifier.emailLu, W:wilsonlu@hku.hken_HK
dc.identifier.authorityLu, W=rp01362en_HK
dc.description.naturepostprint-
dc.identifier.doi10.1080/01446190903222429en_HK
dc.identifier.scopuseid_2-s2.0-77449122414en_HK
dc.identifier.hkuros168473-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-77449122414&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume27en_HK
dc.identifier.issue12en_HK
dc.identifier.spage1197en_HK
dc.identifier.epage1207en_HK
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridYe, K=24172163200en_HK
dc.identifier.scopusauthoridLu, W=24173836000en_HK
dc.identifier.scopusauthoridJiang, W=7403697328en_HK

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