Abstracts – Browse Results
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Abdelkhalek, S I (2022) Managing the inspection process of concrete bridge decks, Unpublished PhD Thesis, , Hong Kong Polytechnic University.
Aoieong, R T (2004) Capturing quality costs of construction processes using the construction process cost model (CPCM), Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Au, C Y M (2013) An optimal contract strategy in managing extension of time provisions in building contracts, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Bao, Q (2003) Effective energy management during a building's life cycle, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Chan, H L J (2011) Developing a fuzzy risk assessment model for target cost and guaranteed maximum price contracts in the construction industry of Hong Kong, Unpublished PhD Thesis, , Hong Kong Polytechnic University.
Chan, K C G (2012) The use of virtual reality for visualizing construction safety management process, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Chan, K Y (2012) Optimizing construction planning and scheduling by virtual prototyping enabled resource analysis, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Chan, P L (2004) Critical success factors for delivering healthcare projects in Hong Kong, Unpublished PhD Thesis, , Hong Kong Polytechnic University.
Chan, T S A (2005) The impact of subordinates' professionalism on leadership effectiveness in the construction industry, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Chan, W T P (2009) Construction industry development and government policy, Unpublished PhD Thesis, , Hong Kong Polytechnic University.
Chan, Y M T (2008) The role of finance in competitiveness of indigenous contractors in Hong Kong, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
- Type: Thesis
- Keywords: competence; competition; competitiveness; construction finance; market; Hong Kong; Japan
- ISBN/ISSN:
- URL: https://www.proquest.com/docview/304810357
- Abstract:
Although competitiveness has been extensively researched at the national and corporation levels, its synergistic role with financial and technological capabilities has never been addressed. The purpose of this research study is to establish a conceptual model that finance and competitiveness are correlated. The relationship is derived using a model that presents profitability of indigenous contractors as a function of plant and machinery, debt equity and market capitalization. After concluding from the pilot study that there is a mismatch of demand and supply of construction finance, this research study moves on to analyse the market structure where indigenous contractors are competing. Although the Herfindahl Hershamann Index (HHI) suggested that the market concentration in the building sector is not present and the market structure is in the category of perfect competition, nearly 50% of the contract works, quantified as contract value, were awarded to the top five contractors. In other words, the building sector is dominated by large sized companies. By adopting a resource-based and core competence study approach, it is believed that technological superiority is the main reason explaining why these companies could outplay in the conduct of labour-intensive building projects. The development, and thus the competitiveness, of indigenous contractors is hindered by their lack of finance. Since construction companies are surviving at the expense of cut-throat tender competition, they receive poor reception from banks and brokers which are representing the fundamental sources of finance, debt and equity to companies. With the financial data collected from Hydra, Datastream and Perfect Analysis, a cross-section of 30 companies with 10 years interval, companies of Hong Kong and Japan, was drawn to run the panel data fixed effect analysis with the aim to demonstrate the inter-relationship between the technology and financial capability of indigenous contractors. Findings support that profitability is a function of plant and machinery, sound access to finance and market capitalization. In short, finance and competitiveness are positively correlated. This research study contributes not only new knowledge to the area of competitiveness and financing, but also the introduction of a new methodology for investigating competitiveness issues. Moreover, this research study provides a framework of reference for conducting comparative studies in other regions.
Chen, Z (2003) An integrated analytical approach to environmental management in construction, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Dai, F (2010) Applied photogrammetry for 3D modeling, quantity surveying, and augmented reality in construction, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
De Saram, D D (2002) Measuring the quality of contractors' co-ordination activities during the construction process, Unpublished PhD Thesis, , Hong Kong Polytechnic University.
Fiona, T S C (2009) A critical study on performance-based fire safety design in Hong Kong with timber perforated ceilings as an example, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Fu, W K (2004) The effect of experience in construction contract bidding, Unpublished PhD Thesis, , Hong Kong Polytechnic University.
Guo, H (2009) Rethinking construction project management using the VP-based manufacturing management model, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Hao, J L J (2002) Better use of information: A simulation model for international construction joint ventures in China, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Hong, J (2006) A study on analytic approaches to intelligent buildings assessment, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Huang, T (2009) Virtual prototyping technologies enhanced construction planning, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Jaillon, L C (2009) The evolution of the use of prefabrication techniques in Hong Kong construction industry, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Kam, C W (2000) Quality assurance of construction works in Hong Kong, Unpublished PhD Thesis, , Hong Kong Polytechnic University.
Lam, W M (2005) A conceptual model of success for design and build projects in the public sector of Hong Kong, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Lee, L P (2012) Do construction workers accept automated monitoring? A study on the acceptance level and its antecedents, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Leung, W Y (2006) A study of the competitiveness of local contractors in Hong Kong, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Liang, Y (2006) Integrated IT systems for construction site management, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Lin, G (2009) Measuring the performance of value management studies in construction, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Liu, G W (2003) A framework for implementing value management in China's construction industry, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Liu, Y (2009) Critical factors for managing project communication among participants at the construction stage, Unpublished PhD Thesis, , Hong Kong Polytechnic University.
Lu, W (2006) A system for assessing and communicating contractors' competitiveness, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Luo, X (2011) A knowledge-based electronic meeting system for implementing value management in construction briefing, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Ochoa Paniagua, J J (2011) Production planning approach for implementing sustainable building projects, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Oo, B L (2007) Modelling individual contractors' bidding decisions in different competitive environments, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Pan, Y H (2007) Application of industrialized housing system in major cities in China: A case study of Chongqing, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Tan, Y (2009) Contractor's competitiveness and competitive strategy in Hong Kong, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Tang, L (2011) Effective and efficient briefing in public private partnership projects in the construction industry, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Tse, T-c (2009) The interoperability of building information models and document models in the Hong Kong construction industry, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Wang, S Q (1995) A methodology for comparing the productivities of the ready mixed concrete industries in major cities, Unpublished PhD Thesis, Department of Civil and Structural Engineering, Hong Kong Polytechnic University.
Wong, K W J (2007) Development of selection evaluation and system intelligence analytic models for the intelligent building control systems, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Wong, M W J (2006) Forecasting manpower demand in the construction industry of Hong Kong, Unpublished PhD Thesis, , Hong Kong Polytechnic University.
Wong, W H (2007) Developing and implementing an empirical system for scoring buildability of designs in the Hong Kong construction industry, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Xia, B (2010) The selection of design-build operational variations in the people's republic of China using Delphi method and fuzzy set theory, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Yang, C (2004) Knowledge-based understanding and interpretation of construction engineering drawings, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Yang, J (2010) A framework for stakeholder management in construction projects, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Yao, H (2009) A dynamic approach for evaluating the sustainability performance of infrastructure projects, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Ye, K (2009) Modelling competition intensity in construction market, Unpublished PhD Thesis, , Hong Kong Polytechnic University.
Yip, R C P (2009) The cultural shift of the construction industry of Hong Kong under the influence of sustainable development, Unpublished PhD Thesis, , Hong Kong Polytechnic University (Hong Kong).
Yuan, H (2011) A dynamic model for assessing the effectiveness of construction and demolition waste management, Unpublished PhD Thesis, , Hong Kong Polytechnic University.
Zhang, X (2010) Competitiveness for real estate developers: a China study, Unpublished PhD Thesis, Department of Building and Real Estate, Hong Kong Polytechnic University.