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Market structure of international construction professional services: evidences from top design firms

journal contribution
posted on 2016-01-01, 00:00 authored by Weiyan Jiang, Xin HuXin Hu, Kunhui Ye, Johnny K W Wong
Construction professional service (CPS) in the international arena has been very competitive despite that the industry is proliferating at a high rate. To excel in international business, CPS firms have the importance of building overseas competition strategies on a proper understanding of the international CPS (I-CPS) market. However, subject to borderless trade, information technology–based networking, global outsourcing, and changing forms of procurement, the I-CPS market structure has become more covert, intricate, and unstraightforward than before. Through examining business competition among top international design firms, this study aims to identify the attributes of the I-CPS market structure from two perspectives—concentration and turnover. Data from Engineering News-Record over the period 2001–2011 were collected to calculate market concentration ratios and turnover indices. The results show that I-CPS competition is characterized by atomism, much turbulence with a steady increase in competition intensity, and the predominant role of new entrants and exiting firms in market turnovers. The combination of concentration and turnover is found useful to address the attributes of the I-CPS market structure, which favors I-CPS firms to formulate international competition strategies in due ways.

History

Journal

Journal of management in engineering

Volume

32

Issue

1

Article number

04015033

Pagination

1 - 8

Publisher

American Society of Civil Engineers

Location

Reston, Va.

ISSN

0742-597X

eISSN

1943-5479

Language

eng

Publication classification

C1.1 Refereed article in a scholarly journal

Copyright notice

2015, American Society of Civil Engineers

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