This master's thesis explores the relationship between internationalization strategies and the financial performance of multinational construction companies, emphasizing the impact of technology advancements, trends and regional factors on their global financial success, particularly in the French and Austrian markets. The thesis provides insights into the primary internationalization strategies, factors influencing decision-making for international expansion, and financial risk assessment strategies. The comparative analysis of VINCI, Bouygues, and Strabag SE reveals the significant influence of internationalization strategies on financial performance. Companies are urged to adapt to local market conditions and technological advancements for success in the global construction market. Market diversification, mergers, acquisitions, and joint ventures emerge as key strategies for international expansion and that companies that prioritize these strategies tend to outperform those that do not. The findings also show that companies that effectively manage financial risks, such as debt-to-equity ratios, are more likely to achieve financial success in their international operations.
Anotace v angličtině
This master's thesis explores the relationship between internationalization strategies and the financial performance of multinational construction companies, emphasizing the impact of technology advancements, trends and regional factors on their global financial success, particularly in the French and Austrian markets. The thesis provides insights into the primary internationalization strategies, factors influencing decision-making for international expansion, and financial risk assessment strategies. The comparative analysis of VINCI, Bouygues, and Strabag SE reveals the significant influence of internationalization strategies on financial performance. Companies are urged to adapt to local market conditions and technological advancements for success in the global construction market. Market diversification, mergers, acquisitions, and joint ventures emerge as key strategies for international expansion and that companies that prioritize these strategies tend to outperform those that do not. The findings also show that companies that effectively manage financial risks, such as debt-to-equity ratios, are more likely to achieve financial success in their international operations.
This master's thesis explores the relationship between internationalization strategies and the financial performance of multinational construction companies, emphasizing the impact of technology advancements, trends and regional factors on their global financial success, particularly in the French and Austrian markets. The thesis provides insights into the primary internationalization strategies, factors influencing decision-making for international expansion, and financial risk assessment strategies. The comparative analysis of VINCI, Bouygues, and Strabag SE reveals the significant influence of internationalization strategies on financial performance. Companies are urged to adapt to local market conditions and technological advancements for success in the global construction market. Market diversification, mergers, acquisitions, and joint ventures emerge as key strategies for international expansion and that companies that prioritize these strategies tend to outperform those that do not. The findings also show that companies that effectively manage financial risks, such as debt-to-equity ratios, are more likely to achieve financial success in their international operations.
Anotace v angličtině
This master's thesis explores the relationship between internationalization strategies and the financial performance of multinational construction companies, emphasizing the impact of technology advancements, trends and regional factors on their global financial success, particularly in the French and Austrian markets. The thesis provides insights into the primary internationalization strategies, factors influencing decision-making for international expansion, and financial risk assessment strategies. The comparative analysis of VINCI, Bouygues, and Strabag SE reveals the significant influence of internationalization strategies on financial performance. Companies are urged to adapt to local market conditions and technological advancements for success in the global construction market. Market diversification, mergers, acquisitions, and joint ventures emerge as key strategies for international expansion and that companies that prioritize these strategies tend to outperform those that do not. The findings also show that companies that effectively manage financial risks, such as debt-to-equity ratios, are more likely to achieve financial success in their international operations.
Comprehensive introduction highlighting significance, objectives, and approach.
Fundamental internationalization strategies concepts.
Review of financial performance evaluation methods for construction firms.
Comparative analysis of multinational construction companies’ internationalization strategies and factors impacting their financial performance.
Formulation of conclusions and recommendations.
Zásady pro vypracování
Comprehensive introduction highlighting significance, objectives, and approach.
Fundamental internationalization strategies concepts.
Review of financial performance evaluation methods for construction firms.
Comparative analysis of multinational construction companies’ internationalization strategies and factors impacting their financial performance.
Formulation of conclusions and recommendations.
Seznam doporučené literatury
HILL, Charles W. L.; G. Tomas M. HULT and Rohit MEHTANI, 2018. International Business: Competing in the Global Marketplace. New York: McGraw Hill Education. ISBN 978-93-5316-239-9.
HORTA, Isabel M.; Magdalena KAPELKO; Alfons Oude LANSINK and Ana S. CAMANHO, 2016. The impact of internationalization and diversification on construction industry performance. International Journal of Strategic Property Management, vol. 20, no. 2, pp. 172–183. ISSN 1648715X. Available from: https://journals.vilniustech.lt/index.php/IJSPM/article/view/2080.
CHEN, Po-Han; Chuan-Fang ONG and Shu-Chien HSU, 2016. The linkages between internationalization and environmental strategies of multinational construction firms. online. Journal of Cleaner Production, vol. 116, pp. 207–216. ISSN 09596526. Available from: https://www.sciencedirect.com/science/article/pii/S0959652615019307.
MYERS, Danny, 2013. Construction Economics: A New Approach. Routledge. ISBN 978-0-415-52778-1.
PETERSON, Steven, 2019. Construction Accounting and Financial Management. Harlow: Pearson Education. ISBN 978-0-13-523287-3.
SANG, Meiyue; Yuqing ZHANG; Kunhui YE and Weiyan JIANG, 2022. Moderating Effects of Internationalization between Corporate Social Responsibility and Financial Performance: The Case of Construction Firms. Buildings, vol. 12, no. 2, pp. 185. ISSN 2075-5309.
Seznam doporučené literatury
HILL, Charles W. L.; G. Tomas M. HULT and Rohit MEHTANI, 2018. International Business: Competing in the Global Marketplace. New York: McGraw Hill Education. ISBN 978-93-5316-239-9.
HORTA, Isabel M.; Magdalena KAPELKO; Alfons Oude LANSINK and Ana S. CAMANHO, 2016. The impact of internationalization and diversification on construction industry performance. International Journal of Strategic Property Management, vol. 20, no. 2, pp. 172–183. ISSN 1648715X. Available from: https://journals.vilniustech.lt/index.php/IJSPM/article/view/2080.
CHEN, Po-Han; Chuan-Fang ONG and Shu-Chien HSU, 2016. The linkages between internationalization and environmental strategies of multinational construction firms. online. Journal of Cleaner Production, vol. 116, pp. 207–216. ISSN 09596526. Available from: https://www.sciencedirect.com/science/article/pii/S0959652615019307.
MYERS, Danny, 2013. Construction Economics: A New Approach. Routledge. ISBN 978-0-415-52778-1.
PETERSON, Steven, 2019. Construction Accounting and Financial Management. Harlow: Pearson Education. ISBN 978-0-13-523287-3.
SANG, Meiyue; Yuqing ZHANG; Kunhui YE and Weiyan JIANG, 2022. Moderating Effects of Internationalization between Corporate Social Responsibility and Financial Performance: The Case of Construction Firms. Buildings, vol. 12, no. 2, pp. 185. ISSN 2075-5309.
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