Understanding the effects of BIM implementation in corporation finance: An empirical study in China

Building Information Modeling (BIM) has been acknowledged for promoting effectiveness and efficiency in project planning and management activities including design, bidding, and construction. Yet limited effort has been made to investigate the impacts of BIM implementation on corporate performance....

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Autores principales:	Wang Zhimin, Ma Jianjun
Formato:	article
Lenguaje:	EN
Publicado:	Sciendo 2021
Materias:	corporation performance bim efficiency improvement cost reduction Building construction TH1-9745
Acceso en línea:	https://doaj.org/article/9b455eea7145428095b360f7a822f59b
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id	oai:doaj.org-article:9b455eea7145428095b360f7a822f59b
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spelling	oai:doaj.org-article:9b455eea7145428095b360f7a822f59b2021-12-05T14:11:09ZUnderstanding the effects of BIM implementation in corporation finance: An empirical study in China1847-622810.2478/otmcj-2021-0028https://doaj.org/article/9b455eea7145428095b360f7a822f59b2021-11-01T00:00:00Zhttps://doi.org/10.2478/otmcj-2021-0028https://doaj.org/toc/1847-6228Building Information Modeling (BIM) has been acknowledged for promoting effectiveness and efficiency in project planning and management activities including design, bidding, and construction. Yet limited effort has been made to investigate the impacts of BIM implementation on corporate performance. Using the financial information of 314 Architecture, Engineering, and Construction (AEC) companies listed in the A-share market of China, this paper examines the economic benefits of BIM practice and assesses the influential mechanism of BIM implementation at the corporation level. The results reveal that BIM adoption contributes to better corporate profitability, especially in non-state-owned enterprises (non-SOEs). The positive impact of BIM implementation on profitability is achieved by the functions of promoting schedule efficiency and operation cost reduction. However, high initial BIM investment is still required in China's AEC companies at the current stage, and the effectiveness enhancement in corporation management has not been realized. By providing clear empirical evidence of the economic benefits of BIM adoption from a corporation perspective, this study might help improve top managers’ awareness, intention, or support of future BIM utilization in China's AEC companies.Wang ZhiminMa JianjunSciendoarticlecorporation performancebimefficiency improvementcost reductionBuilding constructionTH1-9745ENOrganization, Technology and Management in Construction: An International Journal, Vol 13, Iss 2, Pp 2484-2495 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	corporation performance bim efficiency improvement cost reduction Building construction TH1-9745
spellingShingle	corporation performance bim efficiency improvement cost reduction Building construction TH1-9745 Wang Zhimin Ma Jianjun Understanding the effects of BIM implementation in corporation finance: An empirical study in China
description	Building Information Modeling (BIM) has been acknowledged for promoting effectiveness and efficiency in project planning and management activities including design, bidding, and construction. Yet limited effort has been made to investigate the impacts of BIM implementation on corporate performance. Using the financial information of 314 Architecture, Engineering, and Construction (AEC) companies listed in the A-share market of China, this paper examines the economic benefits of BIM practice and assesses the influential mechanism of BIM implementation at the corporation level. The results reveal that BIM adoption contributes to better corporate profitability, especially in non-state-owned enterprises (non-SOEs). The positive impact of BIM implementation on profitability is achieved by the functions of promoting schedule efficiency and operation cost reduction. However, high initial BIM investment is still required in China's AEC companies at the current stage, and the effectiveness enhancement in corporation management has not been realized. By providing clear empirical evidence of the economic benefits of BIM adoption from a corporation perspective, this study might help improve top managers’ awareness, intention, or support of future BIM utilization in China's AEC companies.
format	article
author	Wang Zhimin Ma Jianjun
author_facet	Wang Zhimin Ma Jianjun
author_sort	Wang Zhimin
title	Understanding the effects of BIM implementation in corporation finance: An empirical study in China
title_short	Understanding the effects of BIM implementation in corporation finance: An empirical study in China
title_full	Understanding the effects of BIM implementation in corporation finance: An empirical study in China
title_fullStr	Understanding the effects of BIM implementation in corporation finance: An empirical study in China
title_full_unstemmed	Understanding the effects of BIM implementation in corporation finance: An empirical study in China
title_sort	understanding the effects of bim implementation in corporation finance: an empirical study in china
publisher	Sciendo
publishDate	2021
url	https://doaj.org/article/9b455eea7145428095b360f7a822f59b
work_keys_str_mv	AT wangzhimin understandingtheeffectsofbimimplementationincorporationfinanceanempiricalstudyinchina AT majianjun understandingtheeffectsofbimimplementationincorporationfinanceanempiricalstudyinchina
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Understanding the effects of BIM implementation in corporation finance: An empirical study in China

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