Gruneberg, Stephen Louis (2001) The growth and survival of firms in the heating and ventilating industry. PhD thesis, University College London, UK.
Abstract
This research is concerned with heating and ventilating contractors, focusing on their growth and survival from 1945 to 1996. This study of 2,100 individual members of the Heating and Ventilating Contractors Association, (HVCA) over a period of 50 years has been placed in the industrial context of the wider heating and ventilating industry, the construction industry and the economy as a whole. The aim of this research is to study the behaviour and performance of a group of specialist firms in the construction industry. Using the annual wage returns of the members of the HVCA one of the main aims of this research is to demonstrate that firms' survival is related to their life time average rate of annual growth. The research has found that those heating and ventilating firms that grow within a given range tend to survive longest, although growth rate is by no means a predictor of success and survival. However, it is argued that although firms need to grow in order to survive, in a market that is not growing in aggregate, the growth of all individual firms is not sustainable in the long run and consequently not a single major firm has survived as an independent legal entity. The research found that since the Second World War two distinct periods (one of growth followed by one of stagnation) can be detected in the data. The heating and ventilating industry increased as a proportion of total construction output up to 1972 but from then until 1996 the heating and ventilating share of construction output did not grow. However, the volatility of heating and ventilating output increased after 1972 and the response of firms to these conditions has been a tendency to casualise employment and concentrate on the design and management aspects of heating and ventilating installations. The theoretical issues of this research relate to the market structure, conduct and performance paradigm, business cycles and population ecology. Taking the membership of the HVCA as a whole, the concentration of the heating and ventilating industry appears to have declined slightly during the period of the study.
| Item Type: | Thesis (Doctoral) |
|---|---|
| Uncontrolled Keywords: | economic analysis; employment; heating and ventilating contractor; industrial economics; output; subcontracting |
| Index terms: | survival, construction industry, war, paradigm, ecology, aggregate, subcontracting, employment, construction output, economic analysis, population, industrial economics |
| Subjects: | conflict and crisis studies, management, education and knowledge transfer, financial analysis, industry analysis, demography, materials science, organization, environmental science, design analysis, operations management |
| Topics: | Research Practice, Cost Management, Human Resources, Urban Studies, Design Practice, Engineering Principles, Project Management, Sustainability, Supply Chain Management, Legal Issues |
| 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