Liu, Y S; Zhao, X F and Liao, Y P (2013) Market structure, ownership structure, and performance of China's construction industry. Journal of Construction Engineering and Management, 139(7), pp. 852-857. ISSN 0733-9364
Abstract
The construction industry is an important material production sector and plays a key role in Chinese national economy. However, most construction companies currently have low performance. A literature review showed that most research efforts have been placed at the project and company level, whereas studies based on the industry level are often neglected. To address this issue, a study was conducted to investigate the performance of China's construction industry at the industry level. The market structure, ownership structure of the construction industry, and associated industry performance under the market economy system with Chinese characteristics were studied. The results show that both structure and performance are positively correlated, and performance is more greatly affected by market structure than by ownership structure. This paper studies the construction industry performance from the industrial organization perspective in China. The results of this research can provide useful information to other developing countries that have similar structures of market and ownership.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | China; market structure; ownership; performance |
| Index terms: | construction industry, national economy, ownership, literature review, developing country, industrial organization, China, construction industry performance, industry performance, construction company |
| Subjects: | economic analysis, development economics, industry analysis, economics, financial analysis, organization, data analysis and analytics, Geography |
| Topics: | Business Strategy, Geographical Context, Cost Management, International Construction, Organizational Design, Research Practice |
| Descriptive scope: | 4 PCTA |
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