Chapter
Nov 12, 2013
Study of the Development Difference between Domestic and Foreign Top Construction Contractors: A Sustainable Financial Capability Perspective
Publication: ICCREM 2013: Construction and Operation in the Context of Sustainability
Abstract
In recent years, the production and operation scale of the Chinese construction enterprises have been expanding and the ENR ranking is sharply rising; however, compared with foreign contractors with the similar resource allocation, the benefit of Chinese contractors lags far behind. Specifically, the asset scale and employee number are expanding whilst the innovation ability is weak, presenting a serious imbalance between the input and output. This phenomenon cannot but be introspected. To improve the sustainable development situation of Chinese contractors and lead them on the right way from the scale to the capability, the financial capabilities of domestic and foreign large contraction contractors in recent five years are compared and analyzed in this paper (ratio analysis, trend analysis, Dupont analysis, etc.) and the gap is quantified from a sustainable financial perspective. The focus is placed on the key reason for far backward profitability and corresponding countermeasures are proposed.
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© 2013 American Society of Civil Engineers.
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Published online: Nov 12, 2013
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Professor, Faculty of Construction Management and Real Estate, Chongqing University, Chongqing, China, 400045. E-mail: [email protected]
Ph.D. Candidate, Faculty of Construction Management and Real Estate, Chongqing University, Chongqing, China, 400045. E-mail: [email protected]
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