File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)
Supplementary

Article: Market structure of the construction industry in Hong Kong

TitleMarket structure of the construction industry in Hong Kong
Authors
KeywordsConstruction
Herfindahl-Hershamann indices
Hong Kong
Market structure
Issue Date2001
PublisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/01446193.asp
Citation
Construction Management And Economics, 2001, v. 19 n. 7, p. 675-687 How to Cite?
AbstractThis study examines the market structure of four different sectors within the construction industry in Hong Kong. Market concentrations, expressed in terms of Herfindahl-Hershamann indices (HHIs) and number equivalents (HNEs), are calibrated for the top five contractors and compared with those of the local property industry. The study reveals the following ascending order of market concentrations: private building, public building, property development, and civil engineering. Our explanation is that technological and capital requirements have imposed a strong barrier to entry into the civil engineering sector, resulting in a concentrated market. Conversely, the lack of technological demand and supply in the private building sector has led to easy market entry and exit. Building contractors thus compete intensely on cost reduction rather than technology improvement, leading to poor construction safety and product quality. The paper concludes that the Government, being a major client of construction works and regulator of the industry, can assume a more active role in promoting the overall competitiveness of indigenous local contractors in Hong Kong.
Persistent Identifierhttp://hdl.handle.net/10722/167126
ISSN
2015 SCImago Journal Rankings: 0.967
References

 

DC FieldValueLanguage
dc.contributor.authorChiang, YHen_HK
dc.contributor.authorTang, BSen_HK
dc.contributor.authorLeung, WYen_HK
dc.date.accessioned2012-09-28T04:04:31Z-
dc.date.available2012-09-28T04:04:31Z-
dc.date.issued2001en_HK
dc.identifier.citationConstruction Management And Economics, 2001, v. 19 n. 7, p. 675-687en_HK
dc.identifier.issn0144-6193en_HK
dc.identifier.urihttp://hdl.handle.net/10722/167126-
dc.description.abstractThis study examines the market structure of four different sectors within the construction industry in Hong Kong. Market concentrations, expressed in terms of Herfindahl-Hershamann indices (HHIs) and number equivalents (HNEs), are calibrated for the top five contractors and compared with those of the local property industry. The study reveals the following ascending order of market concentrations: private building, public building, property development, and civil engineering. Our explanation is that technological and capital requirements have imposed a strong barrier to entry into the civil engineering sector, resulting in a concentrated market. Conversely, the lack of technological demand and supply in the private building sector has led to easy market entry and exit. Building contractors thus compete intensely on cost reduction rather than technology improvement, leading to poor construction safety and product quality. The paper concludes that the Government, being a major client of construction works and regulator of the industry, can assume a more active role in promoting the overall competitiveness of indigenous local contractors in Hong Kong.en_HK
dc.languageengen_US
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.subjectConstructionen_HK
dc.subjectHerfindahl-Hershamann indicesen_HK
dc.subjectHong Kongen_HK
dc.subjectMarket structureen_HK
dc.titleMarket structure of the construction industry in Hong Kongen_HK
dc.typeArticleen_HK
dc.identifier.emailTang, BS: bsbstang@hku.hken_HK
dc.identifier.authorityTang, BS=rp01646en_HK
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1080/01446190110067046en_HK
dc.identifier.scopuseid_2-s2.0-0035501664en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0035501664&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume19en_HK
dc.identifier.issue7en_HK
dc.identifier.spage675en_HK
dc.identifier.epage687en_HK
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridChiang, YH=7201593363en_HK
dc.identifier.scopusauthoridTang, BS=7402560881en_HK
dc.identifier.scopusauthoridLeung, WY=7201504455en_HK

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats