The Impacts of Institutional Environments on the Entry Mode Choice of Construction Multinational Enterprises Investing in Southeast ASEAN Countries - Theory and Evidence

• Main Authors: Nguyen Dinh Son, 阮庭山
• Other Authors: Shih-Ping Ho
• Format: Others
• Language: en_US
• Published: 2015
• Online Access: http://ndltd.ncl.edu.tw/handle/8q44xt

碩士 === 國立臺灣大學 === 土木工程學研究所 === 103 === ASEAN nowadays become a very important construction market all over the world. In this era of globalization, every construction company from small, medium to large, have to face a vital decision that they need to expand their international market, out of their domestic market. However, success of a new international market entry depends on many factors. They have to decide an appropriate entry mode to get a significant positive result. In this thesis, I define 6 common entry mode choices of construction companies, and categorize them into 3 categories, then propose idea for selection decision to those companies entering ASEAN construction market. When civil engineering firms decide to invest to a new market, there are several mode of entry they usually consider: export, joint venture company, strategic alliance, wholly owned subsidiaries, branch office/company and representative office. These entry modes can be categorized into 3 groups which differ each other from degree of control: market, joint venture and hierarchy entry mode. However, consideration in a long term investment, construction company will enter market through joint venture entry mode and hierarchy entry mode. Basing on several important economic theories and consideration in context of institutional environment, some hypothesizes are proposed. Next, the hypothesizes are tested by econometrics model. Data for the analysis can be taken from countries’ government websites, international organization/centers, companies’ websites or from actual survey. Finally, the results are interpreted which can be helpful for not only foreign civil engineering enterprises but also government of ASEAN countries.