Abstract
This paper presents an exploratory study to assess the efficiency level of construction companies worldwide, exploring in particular the effect of location and activity in the efficiency levels. This paper also provides insights concerning the convergence in efficiency across regions. The companies are divided in three regions (Europe, Asia and North America), and in the three main construction activities (Buildings, Heavy Civil and Specialty Trade). We analyze a sample of 118 companies worldwide between 1995 and 2003. Data envelopment analysis is used to estimate efficiency, and the Malmquist index is applied for the evaluation of productivity change. Both methods were complemented by bootstrapping to refine the estimates obtained. A panel data truncated regression with categorical regressors is used to explore the impact of location and activity in the efficiency levels. The results reveal that the efficiency of North American companies is higher than the European and Asian counterparts. Other important conclusion points to a convergence in efficiency levels across regions as in North America productivity remains stable, whereas in Asia and Europe productivity improves.
| Original language | English |
|---|---|
| Pages (from-to) | 89-99 |
| Number of pages | 11 |
| Journal | Journal of Productivity Analysis |
| Volume | 39 |
| Issue number | 1 |
| Early online date | 11 Mar 2012 |
| DOIs | |
| Publication status | Published - Feb 2013 |
| Externally published | Yes |
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Performance trends in the construction industry worldwide : An overview of the turn of the century. / Horta, I. M.; Camanho, A. S.; Johnes, Jill; Johnes, Geraint.
In: Journal of Productivity Analysis, Vol. 39, No. 1, 02.2013, p. 89-99.Research output: Contribution to journal › Article
TY - JOUR
T1 - Performance trends in the construction industry worldwide
T2 - An overview of the turn of the century
AU - Horta, I. M.
AU - Camanho, A. S.
AU - Johnes, Jill
AU - Johnes, Geraint
PY - 2013/2
Y1 - 2013/2
N2 - This paper presents an exploratory study to assess the efficiency level of construction companies worldwide, exploring in particular the effect of location and activity in the efficiency levels. This paper also provides insights concerning the convergence in efficiency across regions. The companies are divided in three regions (Europe, Asia and North America), and in the three main construction activities (Buildings, Heavy Civil and Specialty Trade). We analyze a sample of 118 companies worldwide between 1995 and 2003. Data envelopment analysis is used to estimate efficiency, and the Malmquist index is applied for the evaluation of productivity change. Both methods were complemented by bootstrapping to refine the estimates obtained. A panel data truncated regression with categorical regressors is used to explore the impact of location and activity in the efficiency levels. The results reveal that the efficiency of North American companies is higher than the European and Asian counterparts. Other important conclusion points to a convergence in efficiency levels across regions as in North America productivity remains stable, whereas in Asia and Europe productivity improves.
AB - This paper presents an exploratory study to assess the efficiency level of construction companies worldwide, exploring in particular the effect of location and activity in the efficiency levels. This paper also provides insights concerning the convergence in efficiency across regions. The companies are divided in three regions (Europe, Asia and North America), and in the three main construction activities (Buildings, Heavy Civil and Specialty Trade). We analyze a sample of 118 companies worldwide between 1995 and 2003. Data envelopment analysis is used to estimate efficiency, and the Malmquist index is applied for the evaluation of productivity change. Both methods were complemented by bootstrapping to refine the estimates obtained. A panel data truncated regression with categorical regressors is used to explore the impact of location and activity in the efficiency levels. The results reveal that the efficiency of North American companies is higher than the European and Asian counterparts. Other important conclusion points to a convergence in efficiency levels across regions as in North America productivity remains stable, whereas in Asia and Europe productivity improves.
KW - Construction industry
KW - Cross-country analysis
KW - DEA
KW - Malmquist index
UR - http://www.scopus.com/inward/record.url?scp=84871995212&partnerID=8YFLogxK
UR - https://link.springer.com/journal/11123
U2 - 10.1007/s11123-012-0276-0
DO - 10.1007/s11123-012-0276-0
M3 - Article
VL - 39
SP - 89
EP - 99
JO - Journal of Productivity Analysis
JF - Journal of Productivity Analysis
SN - 0895-562X
IS - 1
ER -