Sun, H; Fan, Z; Zhou, Y and Shi, Y (2010) Empirical research on competitiveness factors: Analysis of real estate industry of Beijing and Tianjin. Engineering, Construction and Architectural Management, 17(3), pp. 240-251. ISSN 0969-9988
Abstract
Purpose – The purpose of this paper is to develop a model to analyze the interactions among the competitiveness factors of the real estate industry on the basis of Porter's Diamond Model. The model provides insights into the relationship between these factors in the context of the Beijing and Tianjin real estate industries. Design/methodology/approach – Based on Porter's Diamond Model, this paper establishes the competitiveness factors model and divides the factors into four key categories. (i.e. productivity element, demand constraint, the strategy or structure of relevant and supportive industry and corporation, and horizontal competition). After relevant indices are picked up in each category, the paper utilizes structural equation modeling to analyze the contribution of each factor on competitiveness of real estate industry. Data are collected from Beijing and Tianjin in China and the model is practiced in the context of the real estate industry of the two cities. Findings – Supported by empirical evidence, this study finds out that related industries have the most significant influence on competitiveness of real estate industry and the second important is demand factors. Based on these, four pieces of suggestion are given to improve the competitiveness of real estate industry combining with the condition of Beijing and Tianjin in this paper. Originality/value – This research builds a conceptual model based on Porter's Diamond model to provide a much more comprehensive understanding of the interactions between competitiveness factors of real estate industry, and introduces structural equation modeling to quantitatively analyze the contribution of each factor to competitiveness.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | China; competitive strategy; mathematical modelling; real estate |
| Index terms: | China, competitive strategy, evidence, competition, methodology, structural equation modelling, strategy, interaction, Beijing, competitiveness, real estate, mathematical modelling, productivity |
| Subjects: | behavioral psychology, statistical analysis, market analysis, Geography, management, research methods, analytical methods, economic analysis, real estate economics, evaluation and assessment methods |
| Topics: | Urban Studies, Geographical Context, Research Practice, 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