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Investment by Chinese construction firms in the UK infrastructure sector: volumes, patterns and trends

Wang, H., Sexton, M. and Lu, S.-L. (2016) Investment by Chinese construction firms in the UK infrastructure sector: volumes, patterns and trends. In: the 32nd ARCOM Conference, 5th – 7th September, Manchester, UK, pp. 1127-1136.

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Official URL: http://www.arcom.ac.uk/-docs/proceedings/21cb623a9...

Abstract/Summary

The expansion of global construction markets has substantial implications for companies engaged in cross-border transactions and financing. The convergence of the UK and the People’s Republic of China (PRC) infrastructure policy agendas has led to significant investment from Chinese construction companies in the UK infrastructure sector. On the demand side, the UK Government’s National Infrastructure Plan sets out a wide range of investment priorities. The PRC Government’s One Belt, One Road strategy, on the supply side, has prioritized outward foreign investment into Eurasia. The international business literature on foreign market entry with a specific organizational capability perspective is drawn upon to understand the rationale for Chinese construction companies to invest in the UK infrastructure market. Two Chinese construction multinational companies currently engaging in UK infrastructure projects are studied through interpreting secondary sources. Findings indicate that their pursuit of hybrid market entry modes are underpinned by corresponding hybrid capability exploitation and acquisition motivations.

Item Type:Conference or Workshop Item (Paper)
Refereed:Yes
Divisions:Faculty of Science > School of the Built Environment > Construction Management and Engineering > Business Innovation in Construction
ID Code:67075
Additional Information:First published in ARCOM proceedings ISBN: 9780995546301

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