IDEAS home Printed from https://ideas.repec.org/a/vrs/otamic/v13y2021i2p2484-2495n3.html
   My bibliography  Save this article

Understanding the effects of BIM implementation in corporation finance: An empirical study in China

Author

Listed:
  • Wang Zhimin

    (Department: Research Center for Accounting and Economic Development of Guangdong-Hong Kong-Macao Greater Bay Area, School of Accounting, Guangdong University of Foreign Studies, Guangzhou, PRC)

  • Ma Jianjun

    (Department: Southern Marine Science and Engineering Guangdong Laboratory (Zhuhai); Guangdong Key Laboratory of Oceanic Civil Engineering; Guangdong Research Center for Underground Space Exploitation Technology; School of Civil Engineering, Sun Yat-Sen University, Guangzhou, PRC.)

Abstract

Building Information Modeling (BIM) has been acknowledged for promoting effectiveness and efficiency in project planning and management activities including design, bidding, and construction. Yet limited effort has been made to investigate the impacts of BIM implementation on corporate performance. Using the financial information of 314 Architecture, Engineering, and Construction (AEC) companies listed in the A-share market of China, this paper examines the economic benefits of BIM practice and assesses the influential mechanism of BIM implementation at the corporation level. The results reveal that BIM adoption contributes to better corporate profitability, especially in non-state-owned enterprises (non-SOEs). The positive impact of BIM implementation on profitability is achieved by the functions of promoting schedule efficiency and operation cost reduction. However, high initial BIM investment is still required in China's AEC companies at the current stage, and the effectiveness enhancement in corporation management has not been realized. By providing clear empirical evidence of the economic benefits of BIM adoption from a corporation perspective, this study might help improve top managers’ awareness, intention, or support of future BIM utilization in China's AEC companies.

Suggested Citation

  • Wang Zhimin & Ma Jianjun, 2021. "Understanding the effects of BIM implementation in corporation finance: An empirical study in China," Organization, Technology and Management in Construction, Sciendo, vol. 13(2), pages 2484-2495, July.
  • Handle: RePEc:vrs:otamic:v:13:y:2021:i:2:p:2484-2495:n:3
    DOI: 10.2478/otmcj-2021-0028
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/otmcj-2021-0028
    Download Restriction: no

    File URL: https://libkey.io/10.2478/otmcj-2021-0028?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Mark Doms & Ron Jarmin & Shawn Klimek, 2004. "Information technology investment and firm performance in US retail trade," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 13(7), pages 595-613.
    2. Petra Hellegers & Di Zeng & David Zilberman, 2011. "Technology adoption and the impact on average productivity," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 20(7), pages 659-680, September.
    3. Ghaffarianhoseini, Ali & Tookey, John & Ghaffarianhoseini, Amirhosein & Naismith, Nicola & Azhar, Salman & Efimova, Olia & Raahemifar, Kaamran, 2017. "Building Information Modelling (BIM) uptake: Clear benefits, understanding its implementation, risks and challenges," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 1046-1053.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yu Cao & Cong Xu & Syahrul Nizam Kamaruzzaman & Nur Mardhiyah Aziz, 2022. "A Systematic Review of Green Building Development in China: Advantages, Challenges and Future Directions," Sustainability, MDPI, vol. 14(19), pages 1-29, September.
    2. Emek Basker, 2012. "Raising the Barcode Scanner: Technology and Productivity in the Retail Sector," NBER Chapters, in: Standards, Patents and Innovations, National Bureau of Economic Research, Inc.
    3. José Ángel Aranda & Norena Martin-Dorta & Ferran Naya & Julián Conesa-Pastor & Manuel Contero, 2020. "Sustainability and Interoperability: An Economic Study on BIM Implementation by a Small Civil Engineering Firm," Sustainability, MDPI, vol. 12(22), pages 1-16, November.
    4. Ali Hortaçsu & Chad Syverson, 2015. "The Ongoing Evolution of US Retail: A Format Tug-of-War," Journal of Economic Perspectives, American Economic Association, vol. 29(4), pages 89-112, Fall.
    5. Yasser Yahya Al-Ashmori & Idris Othman & Al-Hussein M. H. Al-Aidrous, 2022. "“Values, Challenges, and Critical Success Factors” of Building Information Modelling (BIM) in Malaysia: Experts Perspective," Sustainability, MDPI, vol. 14(6), pages 1-18, March.
    6. Liang Lu & Thomas Reardon & David Zilberman, 2016. "Supply Chain Design and Adoption of Indivisible Technology," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 98(5), pages 1419-1431.
    7. Filippos Lygerakis & Nikos Kampelis & Dionysia Kolokotsa, 2022. "Knowledge Graphs’ Ontologies and Applications for Energy Efficiency in Buildings: A Review," Energies, MDPI, vol. 15(20), pages 1-32, October.
    8. B. Atrostic, 2008. "Measuring U.S. innovative activity: business data at the U.S. Census Bureau," The Journal of Technology Transfer, Springer, vol. 33(2), pages 153-171, April.
    9. Emek Basker, 2015. "Change at the Checkout: Tracing the Impact of a Process Innovation," Journal of Industrial Economics, Wiley Blackwell, vol. 63(2), pages 339-370, June.
    10. Min Ho Shin & Hye Kyung Lee & Hwan Yong Kim, 2018. "Benefit–Cost Analysis of Building Information Modeling (BIM) in a Railway Site," Sustainability, MDPI, vol. 10(11), pages 1-10, November.
    11. Yu Cao & Liyan Huang & Nur Mardhiyah Aziz & Syahrul Nizam Kamaruzzaman, 2022. "Building Information Modelling (BIM) Capabilities in the Design and Planning of Rural Settlements in China: A Systematic Review," Land, MDPI, vol. 11(10), pages 1-34, October.
    12. Georg Graetz & Guy Michaels, 2018. "Robots at Work," The Review of Economics and Statistics, MIT Press, vol. 100(5), pages 753-768, December.
    13. Decker, Ryan A. & Haltiwanger, John & Jarmin, Ron S. & Miranda, Javier, 2016. "Where has all the skewness gone? The decline in high-growth (young) firms in the U.S," European Economic Review, Elsevier, vol. 86(C), pages 4-23.
    14. Li Zhang & Laura Balangé & Kathrin Braun & Roberta Di Bari & Rafael Horn & Deniz Hos & Cordula Kropp & Philip Leistner & Volker Schwieger, 2020. "Quality as Driver for Sustainable Construction—Holistic Quality Model and Assessment," Sustainability, MDPI, vol. 12(19), pages 1-23, September.
    15. Genz Sabrina & Janser Markus & Lehmer Florian, 2019. "The Impact of Investments in New Digital Technologies on Wages – Worker-Level Evidence from Germany," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 239(3), pages 483-521, June.
    16. Andrea Mantovani & Claudio Piga & Carlo Reggiani, 2019. "Much ado about nothing? Online platform price parity clauses and the EU Booking.com case," Economics Discussion Paper Series 1909, Economics, The University of Manchester.
    17. Hillen, Judith & Fedoseeva, Svetlana, 2021. "E-commerce and the end of price rigidity?," Journal of Business Research, Elsevier, vol. 125(C), pages 63-73.
    18. Batiz-Lazo, Bernardo & Buckley, Tom, 2021. "Early “Frictions” in the Transition towards Cashless Payments," MPRA Paper 108834, University Library of Munich, Germany.
    19. Xiaoxue Du & Hernan Tejeda & Zhengliang Yang & Liang Lu, 2022. "A General-Equilibrium Model of Labor-Saving Technology Adoption: Theory and Evidences from Robotic Milking Systems in Idaho," Sustainability, MDPI, vol. 14(13), pages 1-17, June.
    20. Ronald S. Jarmin & Shawn D. Klimek & Javier Miranda, 2009. "The Role of Retail Chains: National, Regional and Industry Results," NBER Chapters, in: Producer Dynamics: New Evidence from Micro Data, pages 237-262, National Bureau of Economic Research, Inc.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:otamic:v:13:y:2021:i:2:p:2484-2495:n:3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.