| Summary: | 碩士 === 國立雲林科技大學 === 營建工程系 === 107 === In resent year, the total production of construction industry in Taiwan has declined year by year. Construction industry has entered a stagnation period. There is almost no large-scale construction project. Also, the profits of construction project have reduced year by year. Consequently, the government is actively seeking new opportunities for the construction industry and set development goals. However, the manufacturers involved in the overseas investment of the current construction industry are quite rare, and the reference literature and evaluation methods are also lacking due to the characteristics of the construction industry. Therefore, it is crucial to find the niche and opportunities for the construction industry to evade the risks and threats of investing abroad through the technical efficiency assessment of the target market in construction industry, and then to formulate appropriate foreign investment strategies.
In view of the fact that past studies have focused on the overall efficiency of the discussion, it is difficult to know the efficiency value of a single factor under the overall structure. This study uses the Stochastic Frontier Approach (SFA) theory combined with Zhou et al. (2012) sub-input efficiency construction research model to evaluate and analyze 3 inputs, the assets, costs and labor, of 123 construction companies Taiwan and China from 2007 to 2017. These 3 inputs input the technical efficiency of the sub-items and revenue output factors. The study found that the performance of asset investment factors in the construction industry in Taiwan is lower than that in the China, and there is no significant difference in the cost input factors. The labor efficiency of the labor input factors and revenue output factors of the construction industry in Taiwan are better than that of the China.
The empirical results show that the development of the construction industry in Taiwan is relatively mature, and the workers and management staff have a certain level of professionalism, but the market has gradually become saturated. The investment efficiency of China's assets is better than that of Taiwan, indicating that the construction industry in China is hot. The construction industry in Taiwan can exploit China’s management and technological advantages to develop the China’s market. However, risk control should pay attention to changes in policies, materials and labor sources.
The study also analyzes the technical efficiency and environmental variables of three inputs and revenues of assets, costs and labor (government expenditure, economic freedom, investment freedom and years of establishment). The Company (assuming Group A, B, and C companies) makes a comparative analysis of the assets, costs, and labor input factors and the technical efficiency of revenue output of the construction companies in the Taiwan and China. The performances of the two companies A and B are similar to those of China, and they have the conditions for entering the scale and market of China. There is no significant difference in cost input (within 1%), but business cost management should still be done. Compared with China’s companies, A, B, and C have obvious advantages in both labor input and revenue output. The two companies A and B have the scale and market conditions, and their labor input factors and revenues have obvious advantages. It is recommended to expand the China’s market by means of cooperative alliance.
Keywords: Stochastic frontier approach, Construction industry, Technical efficiency
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