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Bishop, D (1994) The professionals' view of the Health and Safety Commission's draft Construction (Design and Management) Regulations. Construction Management and Economics, 12(04), 365-72.

Cannon, J (1994) Lies and construction statistics. Construction Management and Economics, 12(04), 307-13.

Ganesan, S (1994) Employment maximization in construction in developing countries. Construction Management and Economics, 12(04), 323-35.

Groák, S (1994) Is construction an industry? Notes towards a greater analytic emphasis on external linkages. Construction Management and Economics, 12(04), 287-93.

Ive, G (1994) A theory of ownership types applied to the construction majors. Construction Management and Economics, 12(04), 349-64.

  • Type: Journal Article
  • Keywords: industry structure; ownership form
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446199400000044
  • Abstract:

    Two sets of firms are identified from the UK of the 1980’s, as the dominant types of ’construction majors’: bisectoral conglomerates (BSCs) and diversified construction groups (DCGs). These types and the phenomena of industrial structure that they describe are contrasted with other forms of industrial ownership and corporate growth. The present importance of such firms is measured and described. DCGs are considered both as a structural phenomenon, rooted in particular economic structures, and as the result of a process of corporate growth and of certain strategic choices. To illuminate the structural and institutional determinants of this form, we compare its characteristics in Britain and in France. To attempt an explanation in terms of corporate strategy, we consider various hypotheses. Two hypotheses, which we term ’cash-flow balancing’ and ’profit smoothing’, are considered worthy of further investigation. Finally, we consider the future competitive advantage of firms with the DCG form and the impact of structural as well as conjunctural changes upon this form.

Lansley, P R (1994) Analysing construction organizations. Construction Management and Economics, 12(04), 337-48.

Meikle, J L and Connaughton, J N (1994) How long should housing last? Some implications of the age and probable life of housing in England. Construction Management and Economics, 12(04), 315-21.

Ofori, G (1994) Establishing construction economics as an academic discipline. Construction Management and Economics, 12(04), 295-306.

Sebestyén, G (1994) A bulletin of statistics: some considerations. Construction Management and Economics, 12(04), 373-5.