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A comparative study of top British and Chinese international contractors in the global market

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  • Low Sui Pheng
  • Hongbin Jiang
  • Christopher Leong

Abstract

While British contractors have one of the longest history and experience in the international construction market, Chinese contractors are relative newcomers where the global market is concerned. This study compares the performance of top British and Chinese contractors based on the OLI+S model, which incorporates the ownership (O), locational(L), internalization (I) and specialty (S) factors. The study suggests that the international involvement of top British contractors has declined from a peak in 1996, while that of the top Chinese contractors has grown steadily since the 1980s. All the OLI+S advantages of top British construction firms were higher than those of their Chinese counterparts even though the number of Chinese construction firms ranked in the top 225 international contractors by the US-based Engineering News Record was higher than that of the British firms. This study further recommends that the internalization and specialty advantages of top British firms and some of the ownership advantages of top Chinese firms may provide them with opportunities to work together in many areas.

Suggested Citation

  • Low Sui Pheng & Hongbin Jiang & Christopher Leong, 2004. "A comparative study of top British and Chinese international contractors in the global market," Construction Management and Economics, Taylor & Francis Journals, vol. 22(7), pages 717-731.
    • Handle: RePEc:taf:conmgt:v:22:y:2004:i:7:p:717-731
    DOI: 10.1080/0144619042000202780
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    Citations

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    Cited by:

    1. Yan Shigang & Liu Guozhi, 2017. "Competitive Strategy, Market Entry Mode and International Performance: The Case of Construction Firms in China," Business and Management Studies, Redfame publishing, vol. 3(1), pages 1-9, March.
    2. Linbin Zhu & Stavros Sindakis & Saloome Showkat, 2024. "Analyzing the Influence of Knowledge-Based Strategies of Chinese Multinational Contractors on the Performance of the Construction Industry in Southern African Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 8968-9000, June.
    3. Irem Dikmen & M. Talat Birgonul, 2006. "A review of international construction research: Ranko Bon's contribution," Construction Management and Economics, Taylor & Francis Journals, vol. 24(7), pages 725-733.
    4. Puying Li & Simon Huston, 2015. "International Competitiveness of ChinaÕs Construction Firms," ERES eres2015_67, European Real Estate Society (ERES).

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