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Forecasting the architecture billings index (ABI) using machine learning predictive models 利用机器学习预测模型预测建筑收费指数 (ABI)
IF 4.1 2区 工程技术 Q1 ENGINEERING, CIVIL Pub Date : 2024-08-06 DOI: 10.1108/ecam-06-2023-0544
Sooin Kim, Atefe Makhmalbaf, Mohsen Shahandashti

Purpose

This research aims to forecast the ABI as a leading indicator of U.S. construction activities, applying multivariate machine learning predictive models over different horizons and utilizing the nonlinear and long-term dependencies between the ABI and macroeconomic and construction market variables. To assess the applicability of the machine learning models, six multivariate machine learning predictive models were developed considering the relationships between the ABI and other construction market and macroeconomic variables. The forecasting performances of the developed predictive models were evaluated in different forecasting scenarios, such as short-term, medium-term, and long-term horizons comparable to the actual timelines of construction projects.

Design/methodology/approach

The architecture billings index (ABI) as a macroeconomic indicator is published monthly by the American Institute of Architects (AIA) to evaluate business conditions and track construction market movements. The current research developed multivariate machine learning models to forecast ABI data for different time horizons. Different macroeconomic and construction market variables, including Gross Domestic Product (GDP), Total Nonresidential Construction Spending, Project Inquiries, and Design Contracts data were considered for predicting future ABI values. The forecasting accuracies of the machine learning models were validated and compared using the short-term (one-year-ahead), medium-term (three-year-ahead), and long-term (five-year-ahead) ABI testing datasets.

Findings

The experimental results show that Long Short Term Memory (LSTM) provides the highest accuracy among the machine learning and traditional time-series forecasting models such as Vector Error Correction Model (VECM) or seasonal ARIMA in forecasting the ABIs over all the forecasting horizons. This is because of the strengths of LSTM for forecasting temporal time series by solving vanishing or exploding gradient problems and learning long-term dependencies in sequential ABI time series. The findings of this research highlight the applicability of machine learning predictive models for forecasting the ABI as a leading indicator of construction activities, business conditions, and market movements.

Practical implications

The architecture, engineering, and construction (AEC) industry practitioners, investment groups, media outlets, and business leaders refer to ABI as a macroeconomic indicator to evaluate business conditions and track construction market movements. It is crucial to forecast the ABI accurately for strategic planning and preemptive risk management in fluctuating AEC business cycles. For example, cost estimators and engineers who forecast the ABI to predict future demand for architectural services and construction activities can prepare and price their bi

目的 本研究旨在预测作为美国建筑活动先行指标的美国建筑业指数,在不同视角下应用多元机器学习预测模型,并利用美国建筑业指数与宏观经济和建筑市场变量之间的非线性和长期依赖关系。为了评估机器学习模型的适用性,考虑到 ABI 与其他建筑市场和宏观经济变量之间的关系,开发了六个多元机器学习预测模型。在不同的预测情景下,如与建筑项目实际时间线相当的短期、中期和长期预测情景下,对所开发预测模型的预测性能进行了评估。 设计/方法/方法美国建筑师协会(AIA)每月发布作为宏观经济指标的建筑开票指数(ABI),以评估商业状况并跟踪建筑市场的动向。目前的研究开发了多元机器学习模型来预测不同时间跨度的 ABI 数据。在预测未来 ABI 值时,考虑了不同的宏观经济和建筑市场变量,包括国内生产总值 (GDP)、非住宅建筑总支出、项目咨询和设计合同数据。实验结果表明,在机器学习和传统的时间序列预测模型(如矢量误差修正模型或季节性自回归回归移动平均模型)中,长短期记忆(LSTM)在预测所有预测视角的 ABIs 时提供了最高的准确率。这是因为 LSTM 通过解决消失或爆炸梯度问题以及学习连续 ABI 时间序列中的长期依赖关系,具有预测时间序列的优势。实际意义建筑、工程和施工(AEC)行业的从业人员、投资团体、媒体机构和商业领袖将 ABI 作为宏观经济指标,用于评估商业状况和跟踪建筑市场动向。在波动的 AEC 商业周期中,准确预测 ABI 对于战略规划和预先风险管理至关重要。例如,成本估算师和工程师通过预测 ABI 来预测未来对建筑服务和建筑活动的需求,可以更有策略地准备和定价投标,避免投标失利或利润损失。然而,线性时间序列模型往往无法捕捉变量之间的非线性模式、相互作用和依赖关系,而机器学习模型可以更灵活地处理这些问题。尽管机器学习模型可以捕捉变量之间的非线性模式和关系,但对于 ABI 预测问题,多元机器学习模型的适用性和预测性能尚未得到研究。本研究首先尝试使用多元机器学习预测模型,利用不同的宏观经济和建筑市场变量对不同时间跨度的 ABI 数据进行预测。
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引用次数: 0
Causal relationship between project financing and overruns in major dam projects in Africa 项目融资与非洲大型水坝项目超支之间的因果关系
IF 4.1 2区 工程技术 Q1 ENGINEERING, CIVIL Pub Date : 2024-07-31 DOI: 10.1108/ecam-03-2023-0286
Oluwole Alfred Olatunji, James Olabode Bamidele Rotimi, Funmilayo Ebun Rotimi, Chathurani C.W. Silva

Purpose

Cost and schedule overruns are rife in dam projects. Normative evidence espouses overruns as though they are inimical to development and prosperity aspirations of stakeholders. This study examines the causal relationship between project financing and overruns.

Design/methodology/approach

Causative data were extracted from completion reports of 28 major dam projects in Africa. Each of the projects was financed jointly by up to 10 international development lenders. Relationships between causes of overruns and project outcomes were analysed.

Findings

Analyses elicit indicators of remarkable correlations between finance procedures and project outcomes. Lenders’ disposition to risk attenuation was the main debacles to project success. Interests had mounted, whilst release of fund was erratic and ill-timed. Finance objectives and mechanisms were grossly inadequate for projects’ intense bifurcations. Projects had slowed or stalled because lenders’ risks attenuation processes were purposed to favour lenders’ objectives, and not projects’ interests. In addition, findings also show project owners’ own funds and the number of lenders to a single project correlate with overruns.

Practical implications

Findings imply commercial complexities around major projects. They also show transactions are shaped by subtle (mis)trust behaviours in project finance procedures. Thus, scholarly solutions to project performance issues should consider behavioural issues of stakeholding parties more broadly, beyond contractors and project owners. Project finance ecosystems are vulnerable to major actors’ self-interests, opportunism and predatory conducts. Borrowers would manage this by developing and improving their capacity to build resilience and trust. Evidence shows intense borrower nations in Africa have limited capacity and acuity for these.

Originality/value

This study contextualises megaprojects in complexity rather than cost. Its additionality is in how finance steers absolute control of project environment away from project owners and how finance administration triggers risks and overrun.

目的在大坝项目中,成本和进度超支现象比比皆是。规范性证据支持超支,似乎超支不利于利益相关者的发展和繁荣愿望。本研究探讨了项目融资与超支之间的因果关系。设计/方法/途径从非洲 28 个大型水坝项目的竣工报告中提取了因果数据。每个项目都由多达 10 家国际开发贷款机构共同出资。分析结果表明,融资程序与项目结果之间存在显著的相关性。贷款人对风险减弱的态度是项目成功的主要障碍。利息越来越高,而资金的发放却不稳定且不合时宜。融资目标和机制严重不足,无法应对项目的激烈分化。项目进展缓慢或停滞不前的原因是,贷款人的风险降低过程是为了实现贷款人的目标,而不是为了项目的利益。此外,研究结果还显示,项目业主的自有资金和单个项目的贷款人数量与超支相关。研究结果还表明,项目融资程序中的微妙(误)信任行为影响着交易。因此,解决项目绩效问题的学术方案应更广泛地考虑利益相关方的行为问题,而不是承包商和项目业主。项目融资生态系统容易受到主要参与者的自身利益、机会主义和掠夺性行为的影响。借款人可通过发展和提高自身能力来建立复原力和信任,从而应对这一问题。有证据表明,非洲的借款国在这方面的能力和敏锐度非常有限。它的额外性在于财务如何将项目环境的绝对控制权从项目所有者手中夺走,以及财务管理如何引发风险和超支。
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引用次数: 0
Automatic monitoring the risk coupling of foundation pits: integrated point cloud, computer vision and Bayesian networks approach 自动监测基坑风险耦合:点云、计算机视觉和贝叶斯网络综合方法
IF 4.1 2区 工程技术 Q1 ENGINEERING, CIVIL Pub Date : 2024-07-31 DOI: 10.1108/ecam-02-2024-0149
Xuelai Li, Xincong Yang, Kailun Feng, Changyong Liu

Purpose

Manual monitoring is a conventional method for monitoring and managing construction safety risks. However, construction sites involve risk coupling - a phenomenon in which multiple safety risk factors occur at the same time and amplify the probability of construction accidents. It is challenging to manually monitor safety risks that occur simultaneously at different times and locations, especially considering the limitations of risk manager’s expertise and human capacity.

Design/methodology/approach

To address this challenge, an automatic approach that integrates point cloud, computer vision technologies, and Bayesian networks for simultaneous monitoring and evaluation of multiple on-site construction risks is proposed. This approach supports the identification of risk couplings and decision-making process through a system that combines real-time monitoring of multiple safety risks with expert knowledge. The proposed approach was applied to a foundation project, from laboratory experiments to a real-world case application.

Findings

In the laboratory experiment, the proposed approach effectively monitored and assessed the interdependent risks coupling in foundation pit construction. In the real-world case, the proposed approach shows good adaptability to the actual construction application.

Originality/value

The core contribution of this study lies in the combination of an automatic monitoring method with an expert knowledge system to quantitatively assess the impact of risk coupling. This approach offers a valuable tool for risk managers in foundation pit construction, promoting a proactive and informed risk coupling management strategy.

目的人工监测是监测和管理建筑安全风险的传统方法。然而,建筑工地存在风险耦合现象,即多种安全风险因素同时发生,放大了建筑事故发生的概率。为了应对这一挑战,我们提出了一种集成了点云、计算机视觉技术和贝叶斯网络的自动方法,用于同时监控和评估多个现场施工风险。该方法通过一个将多种安全风险的实时监测与专家知识相结合的系统,支持风险耦合的识别和决策过程。研究结果在实验室实验中,所提出的方法有效地监测和评估了基坑施工中相互依存的风险耦合。本研究的核心贡献在于将自动监测方法与专家知识系统相结合,定量评估风险耦合的影响。这种方法为基坑施工中的风险管理者提供了一种有价值的工具,促进了主动和知情的风险耦合管理策略。
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引用次数: 0
Architects and designers on LinkedIn: perceptions and strategies for professional success LinkedIn上的建筑师和设计师:职业成功的观念和策略
IF 4.1 2区 工程技术 Q1 ENGINEERING, CIVIL Pub Date : 2024-07-30 DOI: 10.1108/ecam-07-2023-0716
Camila Marcela Sauer, Samer Skaik, Roksana Jahan Tumpa

Purpose

LinkedIn, as a professional networking platform, plays a crucial role in connecting professionals globally and facilitating their professional growth. This study aims to analyse the perceptions of architects and designers regarding the utilisation of LinkedIn for career development.

Design/methodology/approach

The research focuses on gathering professional perceptions and opinions through a qualitative analysis of primary data. A semi-structured interview approach was used for data collection. The study selected 12 actively engaged professionals from the architecture and design industry in Perth, Western Australia, who actively use LinkedIn.

Findings

The study's findings reveal diverse opinions and experiences among professionals in the architecture and design industry regarding LinkedIn. It identifies several positive impacts of LinkedIn on the Australian architecture and design industry. Architects and designers recognise the potential benefits of LinkedIn in expanding their professional networks, showcasing their work, accessing learning opportunities and contributing to industry outcomes. They also appreciate the platform's ability to connect them with peers, clients, suppliers and industry, fostering knowledge sharing and collaboration in the evolving work environment.

Originality/value

This study contributes to the existing literature by extending the understanding of the importance of self-presentation on LinkedIn, identifying factors influencing career goal achievement and highlighting the role of professional connections on social media. It establishes connections between 21st-century online innovations and their practical applications within the relevant context.

目的LinkedIn作为一个职业网络平台,在连接全球专业人士、促进他们的职业发展方面发挥着至关重要的作用。本研究旨在分析建筑师和设计师对利用LinkedIn促进职业发展的看法。设计/方法/途径本研究侧重于通过对原始数据的定性分析来收集专业人士的看法和观点。数据收集采用了半结构化访谈法。研究从西澳大利亚珀斯的建筑和设计行业中挑选了12位积极使用LinkedIn的专业人士。研究结果研究结果显示了建筑和设计行业的专业人士对于LinkedIn的不同看法和经验。研究发现了LinkedIn对澳大利亚建筑和设计行业的一些积极影响。建筑师和设计师们认识到了LinkedIn在扩展他们的专业网络、展示他们的作品、获得学习机会和促进行业成果方面的潜在好处。他们还赞赏这个平台能够将他们与同行、客户、供应商和行业联系起来,在不断变化的工作环境中促进知识共享和合作。原创性/价值这项研究通过扩展对LinkedIn上自我展示重要性的理解、确定影响职业目标实现的因素、强调社交媒体上专业联系的作用,为现有文献做出了贡献。它在21世纪的网络创新及其在相关背景下的实际应用之间建立了联系。
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引用次数: 0
Design phase collaborative risk management factors: a case study of a green rating system in South Africa 设计阶段合作风险管理因素:南非绿色评级系统案例研究
IF 4.1 2区 工程技术 Q1 ENGINEERING, CIVIL Pub Date : 2024-07-24 DOI: 10.1108/ecam-11-2023-1138
Udechukwu Ojiako, Lungie Maseko, David Root, Senthilkumar Venkatachalam, Alasdair Marshall, Eman Jasim Hussain AlRaeesi, Maxwell Chipulu

Purpose

We explore the design risk factors and associated managerial practices driving collaborative risk management for design efficacy in green building projects. By illuminating project design risk as an important project risk category in its own right, the study contributes to our understanding of optimising design efficacies for collaborative project risk management.

Design/methodology/approach

The study comprises exploratory interviews conducted with 27 industry project practitioners involved in the design and delivery/implementation of Green Star-certified building projects in South Africa.

Findings

The findings discursively highlight seven sources of design risk. We also identify seven specific collaborative risk management practices for design efficacy emerging from a consideration of how risk environments vary in the Green Star-certified projects, each with its own project design risk implications.

Originality/value

The study advances our understanding of how collaborations emerging from particular relational yet context-specific practices can be optimised to strengthen project risk management.

目的我们探讨了设计风险因素和相关的管理实践,这些因素和实践推动了绿色建筑项目设计效率的合作风险管理。通过阐明项目设计风险本身就是一个重要的项目风险类别,本研究有助于我们理解如何优化设计效率,以实现项目风险的协同管理。研究包括对参与南非绿色之星认证建筑项目设计和交付/实施的 27 名行业项目从业人员进行的探索性访谈。我们还通过对绿色之星认证项目中风险环境的差异进行考虑,确定了七种具体的合作风险管理实践,以提高设计效率,每种实践都有其自身的项目设计风险影响。原创性/价值这项研究加深了我们对如何优化特定关系和特定环境下的合作实践以加强项目风险管理的理解。
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引用次数: 0
Risk coupling analysis of causal factors in construction fall-from-height accidents 建筑工程高处坠落事故成因的风险耦合分析
IF 4.1 2区 工程技术 Q1 ENGINEERING, CIVIL Pub Date : 2024-07-23 DOI: 10.1108/ecam-12-2023-1306
Hongying Niu, Xiaodong Yang, Jiayu Zhang, Shengyu Guo

Purpose

Construction fall-from-height accidents are not only caused by a single factor but also by the risk coupling between two or more factors. The purpose of this paper is to quantitatively analyze the risk coupling relationships between multiple factors and identify critical factors in construction fall-from-height accidents.

Design/methodology/approach

A cause analysis framework was established from the perspective of human, machine, material, management and environmental factors. The definition, the classification and the process of risk coupling were proposed. The data from 824 historical accident reports from 2011 to 2021 were collected on government websites. A risk coupling analysis model was constructed to quantitatively analyze the risk coupling relationships of multiple factors based on the N-K model. The results were classified using K-means clustering analysis.

Findings

The results indicated that the greater the number of causal factors involved in risk coupling, the higher the risk coupling value and the higher the risk of accidents. However, specific risk coupling combinations occurred when the number of their coupling factors was not large. Human, machine and material factors were determined to be the critical factors when risk coupling between them tended to pose a greater risk of accidents.

Originality/value

This study established a cause analysis framework from five aspects and constructed a theoretical model to quantitatively analyze multi-factor coupling. Several suggestions were proposed for construction units to manage accident risks more effectively by controlling the number of factors and paying more attention to critical factors coupling and management and environmental factors.

目的建筑施工高处坠落事故不仅由单一因素引起,而且由两个或多个因素之间的风险耦合引起。本文旨在定量分析多因素之间的风险耦合关系,识别建筑施工高处坠落事故的关键因素。设计/方法/途径从人、机、物、管理和环境因素的角度建立了原因分析框架,提出了风险耦合的定义、分类和过程。提出了风险耦合的定义、分类和流程。从政府网站上收集了 2011 年至 2021 年的 824 份历史事故报告数据。构建了风险耦合分析模型,基于 N-K 模型定量分析了多因素的风险耦合关系。结果表明,风险耦合涉及的因果因素越多,风险耦合值越高,事故风险越大。然而,当耦合因素数量不多时,也会出现特定的风险耦合组合。本研究从五个方面建立了原因分析框架,并构建了定量分析多因素耦合的理论模型。通过控制因素数量、重视关键因素耦合以及管理和环境因素,为施工单位更有效地管理事故风险提出了几点建议。
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引用次数: 0
Developing a climate for innovation index for architectural design firms 为建筑设计公司制定创新环境指数
IF 4.1 2区 工程技术 Q1 ENGINEERING, CIVIL Pub Date : 2024-07-18 DOI: 10.1108/ecam-03-2023-0242
Minh Van Nguyen, Khanh Duy Ha, Tu Thanh Nguyen

Purpose

In recent years, climate for innovation has attracted wide attention from industry and academia. It is perceived as a critical component of innovation performance in the built environment sector, especially in architectural design firms (ADFs). This study attempts to assess the degree of climate for innovation in the Vietnamese ADFs under the organizational climate theory.

Design/methodology/approach

A list of 13 innovation climate variables was found by reviewing previous studies and discussions with industry practitioners. These variables were then categorized into three principal factors (personal commitment, tolerance of difference, and support for creativity), forming the inputs of the fuzzy synthetic evaluation (FSE) analysis.

Findings

The results showed that the overall level of innovation in the climate is moderate, implying that it is still necessary for more improvements to the Vietnamese ADFs. The fuzzy analysis revealed that support for creativity was the most critical factor, followed by tolerance of difference and personal commitment.

Originality/value

The proposed climate for innovation model is practical and reliable for architectural professionals and can be applied to assess other research areas. Few studies have emphasized the innovation climate in the construction sector, so this research may broaden the knowledge and literature on the industry, especially for the ADFs.

目的 近年来,创新氛围引起了业界和学术界的广泛关注。在建筑环境领域,尤其是在建筑设计公司(ADFs),创新氛围被视为创新绩效的关键组成部分。本研究试图在组织氛围理论的指导下评估越南建筑设计公司的创新氛围程度。结果结果表明,创新氛围的总体水平适中,这意味着越南 ADF 仍需进一步改进。模糊分析表明,对创造力的支持是最关键的因素,其次是对差异的容忍度和个人承诺。很少有研究强调建筑行业的创新氛围,因此这项研究可能会拓宽该行业的知识和文献,尤其是对亚洲开发基金而言。
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引用次数: 0
Developing a method for evaluating the value of hoisting risk response strategies: a multi-stakeholder perspective 制定评估吊装风险应对战略价值的方法:多方利益相关者的视角
IF 3.6 2区 工程技术 Q1 ENGINEERING, CIVIL Pub Date : 2024-07-16 DOI: 10.1108/ecam-12-2023-1257
Junjia Yin, A. Alias, N. A. Haron, Nabilah Abu Bakar
PurposeHoisting is an essential construction work package, but there is still a high incidence of accidents due to insufficient attention to coping strategies. This study aims to provide decision support to practitioners on safety protocols by developing a multi-stakeholder risk response model and a novel evaluation method.Design/methodology/approachFirstly, the study summarizes the hoisting risk response strategies system through a literature review and stakeholder theory. Secondly, the study constructed a quantitative theoretical model based on GLS-SEM and questionnaires. Third, the EWM-VA evaluation method was developed to determine the value coefficients of strategies.FindingsThe strategic interaction between government and consultants, consultants and builders, and government and builders are in the top three pronounced. Three coping strategies, “Increase funding for lifting equipment and safety devices,” “Improve the quality of safety education and training on lifting construction,” and “Conduct regular emergency rescue drills for lifting accidents,” have the optimal ratio of benefits to costs.Originality/valueThe hoisting risk strategy model from the perspective of multi-interested subjects proposed by the study is based on the global thinking of the project, which reduces the troubles such as the difficulty of pursuing responsibility and the irrational allocation of strategies that were brought by the previously related studies that only considered a single interested subject. In addition, the EWM-VA evaluation method developed in the study also provides new options for evaluating risk strategies and has the potential to be extended to other fields.
目的吊装是一项必不可少的建筑工程,但由于对应对策略重视不够,事故发生率仍然很高。本研究旨在通过开发多利益相关方风险应对模型和新颖的评估方法,为从业人员提供安全规程方面的决策支持。 设计/方法/途径首先,本研究通过文献综述和利益相关方理论,总结了吊装风险应对策略体系。其次,研究基于 GLS-SEM 和问卷调查构建了定量理论模型。研究结果政府与咨询公司、咨询公司与施工单位、政府与施工单位之间的战略互动排在前三位。原创性/价值本研究提出的多利益主体视角下的吊装风险策略模型,基于项目的全局思维,减少了以往相关研究仅考虑单一利益主体带来的责任追究难、策略分配不合理等困扰。此外,本研究开发的 EWM-VA 评估方法也为风险战略评估提供了新的选择,并有可能推广到其他领域。
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引用次数: 0
Influence of residential physical environments on occupant experience: considering the moderating effects of indoor plants and climate zones 住宅物理环境对居住体验的影响:考虑室内植物和气候区的调节作用
IF 3.6 2区 工程技术 Q1 ENGINEERING, CIVIL Pub Date : 2024-07-16 DOI: 10.1108/ecam-06-2023-0595
Leiqing Xu, Zhubai Zhang
PurposeHome is a place/system/product that becomes increasingly occupied with various tasks used to be performed in workplaces. However, the knowledge of the relationship between residential physical environments and occupant experience is limited, especially when considering the effect of indoor plants (IPs) and climate zones. To address the gap, this study conducted a questionnaire survey in three cities across different regions in China.Design/methodology/approachBased on User Experience and Customer Satisfaction Index theory, following the research paradigm, a total of 627 valid samples were collected and analyzed in a stepwise statistical analysis, including descriptive statistics, reliability and validity test, correlation test and region comparison, then the model of PROCESS was adopted to examine the hypotheses that are given based on the former studies.FindingsThe results showed that residential physical environments have a significant effect on occupant satisfaction (OS) in all regions, as well as OS on occupant performance. However, regional differences were found that OS is a complete mediator in the Middle region, while a partial mediator in the North and South. A slight moderating effect of IPs was also found in the region of South. Nevertheless, both the number of plants and plant types have a significant moderating effect on the mechanism.Originality/valueBesides combining two theories and confirming the mechanism in the residential physical environment, it is also the first study to consider the moderating effects of IPs and climate zones, providing potential empirical support for not only design and management stages but also facing global challenges of working at home and climate changes.
目的住宅是一个场所/系统/产品,它越来越多地承担着过去在工作场所完成的各种任务。然而,人们对住宅物理环境与居住体验之间关系的了解十分有限,尤其是在考虑室内植物(IP)和气候区的影响时。本研究以用户体验和顾客满意度指数理论为基础,遵循研究范式,共收集了 627 个有效样本,通过描述性统计、信度和效度检验、相关检验和区域比较等步骤进行统计分析,然后采用 PROCESS 模型对前人研究给出的假设进行检验。结果结果表明,住宅物理环境对所有地区的居住者满意度(OS)都有显著影响,对居住者绩效也有显著影响。然而,研究发现存在地区差异,在中部地区,住宅物理环境是一个完全的中介因素,而在北部和南部地区,住宅物理环境则是一个部分中介因素。在南部地区,IPs 也有轻微的调节作用。原创性/价值除了结合了两种理论并证实了住宅物理环境中的机制外,这也是首个考虑到 IPs 和气候区的调节作用的研究,不仅为设计和管理阶段提供了潜在的实证支持,也为面对在家工作和气候变化的全球性挑战提供了支持。
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引用次数: 0
How does servitization promote value added in construction industry? The moderating role of R&D innovation 服务化如何促进建筑业增值?研发创新的调节作用
IF 3.6 2区 工程技术 Q1 ENGINEERING, CIVIL Pub Date : 2024-07-16 DOI: 10.1108/ecam-03-2024-0289
Huimin Li, Zhichao Zhao, Yongchao Cao, Limin Su, Jing Zhao, Yafei Zhang
PurposeServitization and research and development (R&D) innovation provide new developmental opportunities for transformation in the construction industry. This study aims to explore the transformative impact of servitization and R&D innovation on the value added of the construction industry, offering new insights into industry transformation and growth.Design/methodology/approachThis study utilizes panel data from Chinese listed construction companies from 2014 to 2022 to empirically investigate the relationship among servitization, R&D innovation and value added in the construction industry. The data analysis is augmented by incorporating text mining techniques to rigorously investigate the interplay among servitization, R&D innovation and the value added within the construction industry.FindingsThe research findings indicate that the impact of servitization on value added follows a positive U-shaped relationship, while the influence of R&D innovation on value added exhibits an inverted U-shaped relationship. Additionally, innovation investment plays a negative moderating role in the relationship between servitization and value added.Originality/valueThis study reveals a fresh perspective on how construction companies can leverage servitization as a strategic pathway for transformation and competitive advantage. The research also lays a theoretical groundwork for future innovation investment strategies in the construction industry, emphasizing the need for a balanced approach to innovation investments to maximize value added.
目的服务化和研发创新为建筑业转型提供了新的发展机遇。本研究旨在探讨服务化和研发创新对建筑业增加值的转型影响,为行业转型和增长提供新的视角。本研究利用 2014 年至 2022 年中国上市建筑公司的面板数据,对建筑业服务化、研发创新和增加值之间的关系进行实证研究。研究结果研究结果表明,服务化对增加值的影响呈正 "U "型关系,而研发创新对增加值的影响呈倒 "U "型关系。此外,创新投资在服务化与附加值之间的关系中起着负向调节作用。原创性/价值本研究以全新的视角揭示了建筑企业如何利用服务化作为转型和竞争优势的战略途径。该研究还为建筑业未来的创新投资战略奠定了理论基础,强调了平衡创新投资以实现附加值最大化的必要性。
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Engineering, Construction and Architectural Management
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