Gong, Z and Wang, N (2022) The driving process of technological innovation in construction: A firm-level cdm analysis. Construction Innovation, 22(2), pp. 222-241. ISSN 1471-4175
Abstract
Purpose: Innovation has been acknowledged as the key for modern industries. However, the construction industry is criticised for being poor in innovation performance compared to other industry sectors. Large construction firms are the main contributor to technological innovation in the construction industry, but the driving process of their technological innovation has not yet been fully investigated in previous studies. The purpose of this paper is to provide quantitative analysis of the technological innovation driving process of large construction firms. Design/methodology/approach: An extended crépon, duguet and mairesse (CDM) model has been developed to analyse the key influencing factors for technological innovation in construction firms. The sample data are selected from the world’s largest construction market, China, and include 129 listed construction firms. Findings: The results show significant positive correlation between R&D investment and innovation output and also between innovation output and performance. The effect of influencing factors on the R&D investment, innovation output and performance are also revealed by the empirical study. The underlying reasons are discussed and suggestions are given for the construction industry to improve the technological innovation capacity of construction firms. Originality/value: This research contributes to the literature of construction innovation and benefits practitioners by providing a quantitative approach to demonstrate the driving process of innovation in construction firms.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | cdm model; China; construction firms; innovation driving process; quantitative analysis; technological innovation |
| Index terms: | construction industry, construction market, empirical study, technological innovation, innovation driving process, influencing factor, innovation performance, China, quantitative analysis, construction innovation, methodology, practitioner, construction firm, industry sector |
| Subjects: | innovation and technology management, data analysis and analytics, organization, risk assessment, practitioner, building construction, sociology, market analysis, industry analysis, research methods, performance measurement, Geography |
| Topics: | Quality Management, Risk Management, Roles and Professions, Research Practice, Geographical Context, Engineering Principles, Business Strategy |
| 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