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An empirical study on the relationship between sustainability performance and business competitiveness of international construction contractors

handle: 11541.2/119329
With expectations for resource efficiency and climate change adaptation in the construction industry, there is an increasing need for contractors to implement sustainable practices. Such action will burden contractors with additional costs that will lower their economic performance. There are few research studies on how sustainability relates to a firm's competitiveness. This paper represents an empirical study of the relationship between sustainability performance and business competitiveness of international construction contractors. An inverse U-shape relationship between contractors' sustainability performance and their international revenue, and a U-shape relationship between contractors' sustainability performance and their international revenue growth was discovered. The findings can help international contractors have a better understanding of the relationship between sustainability performance and business competitiveness, evaluate their current position in the relationship, optimize their resource allocation on sustainable development and integrate sustainability into their strategic planning. Therefore, contractors with high sustainability performance can expect higher international revenue growth, and sustainability performance is likely to become an opportunity for competitive advantage in the international construction market.
- Chongqing University China (People's Republic of)
- Chongqing University China (People's Republic of)
- Bond University Australia
- University of South Australia Australia
- Hong Kong Polytechnic University China (People's Republic of)
690, construction industry, Urban Studies and Planning, contractor, international revenue, Sustainability, business competitiveness, sustainability performance
690, construction industry, Urban Studies and Planning, contractor, international revenue, Sustainability, business competitiveness, sustainability performance
citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).78 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Top 1% influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Top 10% impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Top 10%
