Product diversification and large construction firm productivity: the effect of institutional environments in Malaysia

Azman, Mohd Azrai; Hon, Carol K.H.; Xia, Bo; Lee, Boon L.; Skitmore, Martin

doi:10.1108/ecam-05-2020-0288

Cited by 8 publications

(4 citation statements)

References 46 publications

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“…For example, managers may change their mix and scale to increase overall output if the price of outputs changes. Diversification in the construction industry creates positive and negative changes in OSMEI (Azman et al, 2021). Here, a firm may diversify into property development in response to price changes related to construction-related diversification, which brings a positive impact.…”

Section: Discussionmentioning

confidence: 99%

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How technological, environmental and managerial performance contribute to the productivity change of Malaysian construction firms

Azman

Abdul-Samad²,

Lee³

et al. 2022

ECAM

Self Cite

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PurposeTotal factor productivity (TFP) change is an important driver of long-run economic growth in the construction sector. However, examining TFP alone is insufficient to identify the cause of TFP changes. Therefore, this paper employs the infrequently used Geometric Young Index (GYI) and stochastic frontier analysis (SFA) to measure and decompose the TFP Index (TFPI) at the firm-level from 2009 to 2018 based on Malaysian construction firms' data.Design/methodology/approachTo improve the TFPI estimation, normally unobserved environmental variables were included in the GYI-TFPI model. These are the physical operation of the firm (inland versus marine operation) and regional locality (West Malaysia versus East Malaysia). Consequently, the complete components of TFPI (i.e. technological, environmental, managerial, and statistical noise) can be accurately decomposed.FindingsThe results reveal that TFP change is affected by technological stagnation and improvements in technical efficiency but a decline in scale-mix efficiency. Moreover, the effect of environmental efficiency on TFP is most profound. In this case, being a marine construction firm and operating in East Malaysia can reduce TFPI by up to 38%. The result, therefore, indicates the need for progressive policies to improve long-term productivity.Practical implicationsMonitoring and evaluating productivity change allows an informed decision to be made by managers/policy makers to improve firms' competitiveness. Incentives and policies to improve innovation, competition, training, removing unnecessary taxes and regulation on outputs (inputs) could enhance the technological, technical and scale-mix of resources. Furthermore, improving public infrastructure, particularly in East Malaysia could improve regionality locality in relation to the environmental index.Originality/valueThis study contributes to knowledge by demonstrating how TFP components can be completely modelled using an aggregator index with good axiomatic properties and SFA. In addition, this paper is the first to apply and include the GYI and environmental variables in modelling construction productivity, which is of crucial importance in formulating appropriate policies.

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Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

How technological, environmental and managerial performance contribute to the productivity change of Malaysian construction firms

Azman

Abdul-Samad²,

Lee³

et al. 2022

ECAM

Self Cite

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show abstract

“…Bresnen, 2013;Hall and Scott, 2019). As a result, project management scholars have increasingly been applying institutional theory to project management in recent years (Azman et al, 2021;Loosemore et al, 2019). At this stage in the dramatic growth of institutional theory in construction project management (ITCPM), there is a need to synthesize and reflect on existing research in the field, as a literature review is conducive to the comprehensive understanding of a particular research field and can offer new directions and insights for future research (Hota et al, 2020;Xue et al, 2020).…”

Section: Knowledge Domain Of Itcpmmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

A systematic review of the knowledge domain of institutional theory in construction project management

Qiu

Chen

2022

ECAM

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PurposeThe large scale of construction projects and the coexistence of multiple logics in the construction field are sparking interest in applying an institutional perspective to investigate managerial issues in construction projects. However, only a few conceptual papers have been published thus far, and a literature review is needed to identify how that knowledge domain has developed. Based on the results of bibliometric analysis and content analysis, this study proposes potential future avenues for institutional theory in construction project management (ITCPM) studies.Design/methodology/approachThis paper reports a bibliographic coupling analysis and a co-citation analysis conducted to identify existing research trajectories and determine the primary features of the current ITCPM literature. In addition, this paper employed a content analysis, identified the evolutionary stages of ITCPM knowledge over time and built a framework of existing research.FindingsThis paper first identified that the existing ITCPM studies evolve through three stages, and that the intellectual core of ITCPM studies can be categorized into five clusters. In addition, this paper proposes that future research can be extended from two existing streams: the institutional responses of project actors and the institutional outcomes of construction projects. This paper proposes several major questions that should be addressed by project management scholars working in both streams in order to develop an understanding of construction projects from an institutional perspective.Originality/valueThis is the first literature review of the existing body of knowledge based on a joining of institutional theory and construction project management literature. It uncovers knowledge gaps in contemporary research, notably a lack of broader consideration of how project actors respond to institutional environments and of the institutional outcomes of project management.

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Corporate strategy evaluation (CORE): a new method to measure strategies in organizations

da Silva Barros,

de Oliveira,

de Andrade Lima

et al. 2024

SN Bus Econ

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Product diversification and large construction firm productivity: the effect of institutional environments in Malaysia

Cited by 8 publications

References 46 publications

How technological, environmental and managerial performance contribute to the productivity change of Malaysian construction firms

How technological, environmental and managerial performance contribute to the productivity change of Malaysian construction firms

A systematic review of the knowledge domain of institutional theory in construction project management

Corporate strategy evaluation (CORE): a new method to measure strategies in organizations

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