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

Wang Zhimin and Ma Jianjun ()
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Wang Zhimin: Department: Research Center for Accounting and Economic Development of Guangdong-Hong Kong-Macao Greater Bay Area, School of Accounting, Guangdong University of Foreign Studies, Guangzhou, PRC
Ma Jianjun: Department: Southern Marine Science and Engineering Guangdong Laboratory (Zhuhai); Guangdong Key Laboratory of Oceanic Civil Engineering; Guangdong Research Center for Underground Space Exploitation Technology; School of Civil Engineering, Sun Yat-Sen University, Guangzhou, PRC.

Organization, Technology and Management in Construction, 2021, vol. 13, issue 2, 2484-2495

Abstract: 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.

Keywords: corporation performance; BIM; efficiency improvement; cost reduction (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:otamic:v:13:y:2021:i:2:p:2484-2495:n:3

DOI: 10.2478/otmcj-2021-0028

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