Alashwal, A M and Alduais, H S (2019) Performance strategies of Malaysian international contractors during boom and recession periods. International Journal of Construction Management, 19(5), pp. 453-461. ISSN 1562-3599
Abstract
The performance of Malaysian international contractors has been deteriorated due to different factors including fluctuations of the global economy. Previous studies highlighted strategies for international contractors to sustain business such as diversification of product and region, localization, joint ventures and entry time. However, the influence of these strategies on contractors' performance has not been studied extensively. The purpose of this paper is to identify strategies of the international Malaysian contractors and determine the influence of these strategies on their performance during different periods of economic fluctuations. The data of this study was collected from the records of 452 overseas construction projects completed between 1993 and 2016, which covered five periods of booms and recessions. Based on the regression analysis, the results showed that localization influences contractors' performance during boom periods. Joint venture with home-country contractors may have a positive impact during both boom and recession periods. Product diversification has a positive influence during one recession period. The findings of this study provide an insight for contractors to make critical decisions pertaining to their long-term survival and growth in the international market.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | diversification; entry time; international construction; localization; strategic alliances |
| Index terms: | strategy, construction project, strategic alliance, joint venture, recession, localization, regression analysis, survival, international construction, international market, diversification |
| Subjects: | management, development economics, production management, partnership management, market analysis, statistical analysis, business, strategic management, urban planning, economic analysis, environmental science |
| Topics: | International Construction, Stakeholder Management, Sustainability, Governance, Business Strategy, Research Practice, Project Management |
| Descriptive scope: | 3 PCA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here