Towards Testing the Eclectic Paradigm on Multinational Contracting: An Approach to Reviewing and Analysing Secondary Data
In response to the need to leverage private finance and the lack of competition in some parts of the Australian public sector major infrastructure market, especially in very large economic infrastructure procured using Pubic Private Partnerships, the Australian Federal government has demonstrated its desire to attract new sources of in-bound foreign direct investment (FDI) into the Australian construction market. This paper aims to report on progress towards an investigation into the determinants of multinational contractors’ willingness to bid for Australian public sector major infrastructure projects and which is designed to give an improved understanding of matters surrounding FDI into the Australian construction sector. This research deploys Dunning’s eclectic theory for the first time in terms of in-bound FDI by multinational contractors and as head contractors bidding for Australian major infrastructure public sector projects. Elsewhere, the authors have developed Dunning’s principal hypothesis associated with his eclectic framework in order to suit the context of this research and to address a weakness arising in Dunning’s principal hypothesis that is based on a nominal approach to the factors in the eclectic framework and which fail to speak to the relative explanatory power of these factors. In this paper, an approach to reviewing and analysing secondary data, as part of the first stage investigation in this research, is developed and some illustrations are given, vis-à-vis the selected sector (roads, bridges and tunnels) in Australia (as the host location). In conclusion, some tentative thoughts are offered in anticipation of the completion of the first stage investigation-in terms of the extent to which this first stage based on secondary data only might suggest the relative importance of the factors in the eclectic framework. It is noted that more robust conclusions are expected following the future planned stages of the research and these stages, including primary data are briefly outlined. Finally, and beyond theoretical contributions expected from the overall approach taken to developing and testing Dunning’s framework, other expected contributions concerning research method and practical implications are mentioned.
eclectic paradigm foreign direct investment multinational contractors.
Azmeri RAHMAN Adrian J. BRIDGE Steve ROWLINSON Tom KWOK
School of Urban Development, QueenslandUniversity of Technology, QLD 4000, Australia Department of Real Estate & Construction, TheUniversity of Hong Kong, Hong Kong School of Urban Development, Queensland University of Technology, QLD 4000, Australia
国际会议
2011 International Conference on Construction & Real Estate Management(2011建设与房地产管理国际会议)
广州
英文
915-920
2011-11-19（万方平台首次上网日期，不代表论文的发表时间）