|
| << vorige | volgende >> |
Tijdschrift beschrijving
Alle jaargangen van het bijbehorende tijdschrift
Alle afleveringen van het bijbehorende jaargang
Alle artikelen van de bijbehorende aflevering
Details van artikel 3 van 11 gevonden artikelen
| Titel: |
A theory of ownership types applied to the construction majors |
| Auteur: |
Ive, Graham |
| Verschenen in: |
Construction management & economics |
| Paginering: | Jaargang 12 (1994) nr. 4 pagina's 349-364 |
| Jaar: |
1994-07 |
| Inhoud: |
Two sets of firms are identified from the UK of the 1980s, 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. |
| Uitgever: |
Routledge |
| Bronbestand: |
Elektronische Wetenschappelijke Tijdschriften |
Details van artikel 3 van 11 gevonden artikelen
| << vorige | volgende >> |