IDEAS home Printed from https://ideas.repec.org/a/vrs/otamic/v11y2019i1p1975-1983n10.html
   My bibliography  Save this article

Analysis of internationalization trends in the construction industry with an overview on Croatian construction companies

Author

Listed:
  • Butković Lana Lovrenčić

    (University of Zagreb, Faculty of Civil Engineering, Croatia)

  • Mihić Matej

    (University of Zagreb, Faculty of Civil Engineering, Croatia)

Abstract

Today’s level of globalization and intensifying of competition have resulted in increased number of companies that aim to internationalize their business, and internationalization is gaining more and more significance among the research community. There are not only many perceived benefits of conducting business activities outside one’s home country but also additional risks, challenges and barriers. Construction industry is specific in its nature as it is an extremely regulated profession. This presents an additional challenge to the construction companies seeking to internationalize their business. The goal of the paper is to analyze the current levels of internationalization on the global construction market and to gain insight into future trends, which are achieved by analyzing business data regarding the international construction sector and the data on international results of the Croatian construction companies. The paper first presents the development of the international construction market, followed by the report on the current state of the internationalization in the construction industry as well as on future trends. Finally, the paper presents an overview on the Croatian construction companies and their performance on the foreign markets and gives guidelines or potential growth strategies to participate on the foreign markets.

Suggested Citation

  • Butković Lana Lovrenčić & Mihić Matej, 2019. "Analysis of internationalization trends in the construction industry with an overview on Croatian construction companies," Organization, Technology and Management in Construction, Sciendo, vol. 11(1), pages 1975-1983, January.
    • Handle: RePEc:vrs:otamic:v:11:y:2019:i:1:p:1975-1983:n:10
    DOI: 10.2478/otmcj-2019-0006
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/otmcj-2019-0006
    Download Restriction: no
    File URL: https://libkey.io/10.2478/otmcj-2019-0006?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. David Crosthwaite, 1998. "The internationalization of British construction companies 1990-96: an empirical analysis," Construction Management and Economics, Taylor & Francis Journals, vol. 16(4), pages 389-395.
    2. George Ofori, 2003. "Frameworks for analysing international construction," Construction Management and Economics, Taylor & Francis Journals, vol. 21(4), pages 379-391.
    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. Wang, Nannan & Jiang, Dongdong & Pretorius, Leon, 2016. "Conflict-resolving behaviour of project managers in international projects: A culture-based comparative study," Technology in Society, Elsevier, vol. 47(C), pages 140-147.
    2. 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.
    3. Butković Lana Lovrenčić, 2021. "A new framework for ranking Critical Success Factors for International Construction Projects," Organization, Technology and Management in Construction, Sciendo, vol. 13(2), pages 2505-2520, July.
    4. Chan, Edwin H.W. & Qian, Queena K. & Lam, Patrick T.I., 2009. "The market for green building in developed Asian cities--the perspectives of building designers," Energy Policy, Elsevier, vol. 37(8), pages 3061-3070, August.
    5. Minhyuk Jung & Shira You & Seokho Chi & Ilhan Yu & Bon-Gang Hwang, 2018. "The Relationship between Unbilled Accounts Receivable and Financial Performance of Construction Contractors," Sustainability, MDPI, vol. 10(8), pages 1-14, July.
    6. Osabutey, Ellis L.C. & Williams, Karen & Debrah, Yaw A., 2014. "The potential for technology and knowledge transfers between foreign and local firms: A study of the construction industry in Ghana," Journal of World Business, Elsevier, vol. 49(4), pages 560-571.

    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:11:y:2019:i:1:p:1975-1983:n:10. 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.