Diversification in the international construction business

References

• Abdul-Aziz, A.-R., 1994. Global strategies: a comparison between Japanese and American construction firms. Construction management and economics, 12 (6), 473–484.10.1080/01446199400000059
   Google Scholar
• Anand, J. and Singh, H., 1997. Asset redeployment, acquisitions and corporate strategy in declining industries. Strategic management journal, 18 (S1), 99–118.10.1002/(SICI)1097-0266(199707)18:1+<99::AID-SMJ928>3.3.CO;2-2
   Web of Science ®Google Scholar
• Ansoff, H.I., 1957. Strategies for diversification. Harvard business review, 35 (5), 113–124.
   Web of Science ®Google Scholar
• Arasti, M.R., Khaleghi, M., and Noori, J., 2010. The linkage of technology strategy and overall strategy of multi business diversified groups: literature review and theoritical framework. In: Technology management for global economic growth (PICMET), 18 July 2010. IEEE, 1–12.
   Google Scholar
• Bae, J.H. and Salomon, R., 2010. Institutional distance in international business research. In: T. Devinney, T. Pedersen and L. Tihanyi, eds. The past, present and future of international business & management. Bingley: Emerald Group Publishing Limited, 327–349.
   Google Scholar
• Barney, J., 1991. Firm resources and sustained competitive advantage. Journal of management, 17 (1), 99–120.10.1177/014920639101700108
   Web of Science ®Google Scholar
• Bird, K., 1999. Concentration in Indonesia manufacturing, 1975–93. Bulletin of Indonesian economic studies, 35 (1), 43–73.10.1080/00074919912331337487
   Web of Science ®Google Scholar
• Booz, A., Allen, J., and Hamilton Inc., 1985. Diversification, a survey of European chief executives- executive summary. New York, NY: Allen and Hamilton.
   Google Scholar
• Capar, N. and Kotabe, M., 2003. The relationship between international diversification and performance in service firms. Journal of international business studies, 34 (4), 345–355.10.1057/palgrave.jibs.8400036
   Web of Science ®Google Scholar
• Chang, S.J., 1996. An evolutionary perspective on diversification and corporate restructuring: entry, exit, and economic performance during 1981–89. Strategic management journal, 17 (8), 587–611.10.1002/(ISSN)1097-0266
   Web of Science ®Google Scholar
• Chang, Y. and Thomas, H., 1989. The impact of diversification strategy on risk-return performance. Strategic management journal, 10 (3), 271–284.10.1002/(ISSN)1097-0266
   Web of Science ®Google Scholar
• Chen, C. and Messner, J.I., 2005. An investigation of Chinese BOT projects in water supply: a comparative perspective. Construction management and economics, 23 (9), 913–925.10.1080/01446190500184121
   Google Scholar
• Choi, J. and Russell, J.S., 2005. Long- term entropy and profitability change of United States public construction firms. Journal of management in engineering, 21 (1), 17–26.10.1061/(ASCE)0742-597X(2005)21:1(17)
   Web of Science ®Google Scholar
• Coase, R.H., 1937. The nature of the firm. Economica, 4 (16), 386–405.10.1111/ecca.1937.4.issue-16
   Google Scholar
• Dainty, A., Moore, D., and Murray, M., 2007. Communication in construction: Theory and practice. London: Routledge.
   Google Scholar
• Dunning, J.H., 1979. Explaining changing patterns of international production: in defence of the eclectic theory. Oxford bulletin of economics and statistics, 41 (4), 269–295.
   Web of Science ®Google Scholar
• Global Construction Perspectives and Oxford Economics, 2015. Global construction 2030: a global forecast for the construction industry to 2030 [online]. London. Available from: https://policy.ciob.org/wp-content/uploads/2016/06/GlobalConstruction2030_ExecutiveSummary_CIOB.pdf [Accessed 20 Feb 2017]
   Google Scholar
• Hillebrandt, P.M., 2000. Economic theory and the construction industry. London: Macmillan.10.1057/9780230372481
   Google Scholar
• Hitt, M.A., Hoskisson, R.E., and Kim, H., 1997. International diversification: effects on innovation and firm performance in product-diversified firms. Academy of management journal, 40 (4), 767–798.10.2307/256948
   Web of Science ®Google Scholar
• Hofstede, G., 1984. Culture’s consequences: international differences in work-related values. 2nd ed. Beverly Hills, CA: Sage.
   Google Scholar
• Hoskisson, R.E., et al., 1993. Construct validity of an objective (entropy) categorical measure of diversification strategy. Strategic management journal, 14 (3), 215–235.10.1002/(ISSN)1097-0266
   Web of Science ®Google Scholar
• Hunt, M.S., 1972. Competition in the major home appliance industry 1960–1970. Unpublished doctoral dissertation. Harvard University.
   Google Scholar
• Jacquemin, A.P. and Berry, C.H., 1979. Entropy measure of diversification and corporate growth. The journal of industrial economics, 27 (4), 359–369.10.2307/2097958
   Web of Science ®Google Scholar
• Jewell, C., 2011. A typology of construction professional service firms: a consulting engineering perspective. Thesis (PhD). University of Reading.
   Google Scholar
• Jewell, C. and Flanagan, R., 2012. Measuring construction professional services exports: a case for change. Building research and information, 40 (3), 337–347.10.1080/09613218.2012.670396
   Web of Science ®Google Scholar
• Jewell, C., Flanagan, R., and Anaç, C., 2010. Understanding UK construction professional services exports: definitions and characteristics. Construction management and economics, 28 (3), 231–239.10.1080/01446191003587729
   Google Scholar
• Jewell, C., Flanagan, R., and Lu, W., 2014. The dilemma of scope and scale for construction professional service firms. Construction management and economics, 32 (5), 473–486.10.1080/01446193.2013.879194
   Google Scholar
• Kale, S. and Arditi, D., 2002. Competitive positioning in United States construction industry. Journal of construction engineering and management, 128 (3), 238–247.10.1061/(ASCE)0733-9364(2002)128:3(238)
   Web of Science ®Google Scholar
• Kang, J., 2013. The relationship between corporate diversification and corporate social performance. Strategic management journal, 34 (1), 94–109.10.1002/smj.2013.34.issue-1
   Web of Science ®Google Scholar
• Kim, H. and Reinschmidt, K., 2011a. Association of risk attitude with market diversification in the construction business. Journal of management in engineering, 27 (2), 66–74.10.1061/(ASCE)ME.1943-5479.0000045
   Web of Science ®Google Scholar
• Kim, H. and Reinschmidt, K., 2011b. Diversification by the largest US contractors. Canadian journal of civil engineering, 38 (7), 800–810.
   Web of Science ®Google Scholar
• Kogut, B. and Singh, H., 1988. The effect of national culture on the choice of entry mode. Journal of international business studies, 19 (3), 411–432.10.1057/palgrave.jibs.8490394
   Web of Science ®Google Scholar
• Liu, C. and Zhu, R., 2017. Measuing output structures of multinational construction industries using the world input-output database. International journal of construction management, 17 (1), 1–12.
   Web of Science ®Google Scholar
• Locket, A., et al., 2009. Organic and acquisitive growth. Journal of management studies, 2 (1), 1–52.
   Google Scholar
• Low, S.P. and Jiang, H., 2003. Internationalization of Chinese construction enterprises. Journal of construction engineering and management, 129 (6), 589–598.
   Web of Science ®Google Scholar
• Lowe, R.A. and Teece, D.J., 2001. Diversification and economies of scope. In: N.J.S.B. Baltes, ed. International encyclopedia of the social & behavioral sciences. Oxford: Pergamon, 3574–3578.
   Google Scholar
• Løwendahl, B., 2005. Strategic management of professional service firms. Copenhagen Business School Press DK.
   Google Scholar
• Lu, W., 2014. Reliability of engineering news- record international construction data. Construction management and economics, 32 (10), 968–982.10.1080/01446193.2014.919403
   Google Scholar
• Lu, W., et al., 2009. Strengths, weaknesses, opportunities, and threats analysis of Chinese construction companies in the global market. Journal of management in engineering, 25 (4), 166–176.10.1061/(ASCE)0742-597X(2009)25:4(166)
   Web of Science ®Google Scholar
• Lu, W., et al., 2013. Developing construction professional services in the international market: SWOT analysis of China. Journal of management in engineering, 29 (3), 302–313.10.1061/(ASCE)ME.1943-5479.0000144
   Web of Science ®Google Scholar
• Lu, W., et al., 2014. Nexus between Contracting and construction professional service businesses: empirical evidence from international market. Journal of construction engineering and Management, 140 (2), 04013049.10.1061/(ASCE)CO.1943-7862.0000802
   Web of Science ®Google Scholar
• Marshall, B.R., Nguyen, N.H., and Visaltanachoti, N., 2015. Frontier market transaction costs and diversification. Journal of financial markets, 24, 1–24.10.1016/j.finmar.2015.04.002
   Web of Science ®Google Scholar
• McCloughan, P., 2004. Construction sector concentration: evidence from Britain. Construction management and economics, 22 (9), 979–990.10.1080/0144619042000209396
   Google Scholar
• Ngowi, A.B., et al., 2005. The globalisation of the construction industry – a review. Building and environment, 40 (1), 135–141.10.1016/j.buildenv.2004.05.008
   Web of Science ®Google Scholar
• Palepu, K., 1985. Diversification strategy, profit performance and the entropy measure. Strategic management journal, 6 (3), 239–255.10.1002/(ISSN)1097-0266
   Web of Science ®Google Scholar
• Palich, L., Cardinal, L., and Miller, C., 2000. Curvilinearity in the diversification–performance linkage: an examination of over three decades of research. Strategic management journal, 21 (2), 155–174.10.1002/(ISSN)1097-0266
   Web of Science ®Google Scholar
• Pandya, A.M. and Rao, N.V., 1998. Diversification and firm performance: an empirical evaluation. Journal of financial and strategic decisions, 11 (2), 67–81.
   Google Scholar
• Panzar, J.C. and Willig, R.D., 1977. Economies of scale in multi-output production. The quarterly journal of economics, 91 (3), 481–493.10.2307/1885979
   Web of Science ®Google Scholar
• Panzar, J.C. and Willig, R.D., 1981. Economies of scope. American economic review, 71, 268–272.
   Web of Science ®Google Scholar
• Pearce, D., 2003. Environment and business: socially responsible but privately profitable? In: J. Hirst, ed. The challenge of change: fifty years of business economics. London: Profile Books, 54–65.
   Google Scholar
• Penrose, E.T., 1959. The theory of the growth of the firm. 3rd ed. Oxford: Oxford University Press.
   Google Scholar
• Porter, M.E., 1980. Competitive strategies: techniques for analysing industries and competitors. New York, NY: Free Press.
   Google Scholar
• Porter, M.E., 1985. The competitive advantages: creating and sustaining superior performance. New York, NY: Free Press.
   Google Scholar
• Punj, G. and Stewart, D.W., 1983. Cluster analysis in marketing research: review and suggestions for application. Journal of marketing research 20 (2), 134–148.10.2307/3151680
   Web of Science ®Google Scholar
• Ross, Stephen A., Westerfield, Randolph, and Jaffe, Jeffrey F., 1993. Corporate finance. 3rd ed. Homewood, IL: Irwin.
   Google Scholar
• Rowe, W.G. and Wright, P.M., 1997. Related and unrelated diversification and their effect on human resource management controls. Strategic management journal 18 (4), 329–338.10.1002/(ISSN)1097-0266
   Web of Science ®Google Scholar
• Rowland, P.F., 1999. Transaction costs and international portfolio diversification. Journal of international economics, 49 (1), 145–170.10.1016/S0022-1996(98)00059-2
   Web of Science ®Google Scholar
• Rubinstein, M., 2002. Markowitz’s “portfolio selection”: a fifty-year retrospective. The journal of finance, 57 (3), 1041–1045.10.1111/1540-6261.00453
   Web of Science ®Google Scholar
• Seymour, H., 1987. The multinational construction industry. London: Routledge.
   Google Scholar
• Shannon, C.E., 1948. A mathematical theory of communication. Bell system technical journal, 27 (3), 379–423.10.1002/bltj.1948.27.issue-3
   Google Scholar
• Su, W. and Tsang, E.W., 2015. Product diversification and financial performance: the moderating role of secondary stakeholders. Academy of management journal, 58 (4), 1128–1148.10.5465/amj.2013.0454
   Web of Science ®Google Scholar
• Wiersema, M. and Bowen, H., 2008. Corporate diversification: the impact of foreign competition, industry globalization, and product diversification. Strategic management journal, 29 (2), 115–132.10.1002/(ISSN)1097-0266
   Web of Science ®Google Scholar
• Williamson, O.E., 1991. Strategizing, economizing, and economic organization. Strategic management journal, 12 (S2), 75–94.10.1002/(ISSN)1097-0266
   Google Scholar
• Wrigley, L., 1970. Diversification and divisional autonomy. Thesis (DBA). Harvard Business School.
   Google Scholar
• WTO, 1998. Construction and related engineering services: background, note by secretariat. S/C/W/38 Geneva, 8 June 1998.
   Google Scholar
• Ye, K., Lu, W., and Jiang, W., 2009. Concentration in the international construction market. Construction management and economics, 27 (12), 1197–1207.10.1080/01446190903222429
   Google Scholar