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<p>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.</p>
</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.

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

Department: Research Center for Accounting and Economic Development of Guangdong-Hong Kong-Macao Greater Bay Area, School of Accounting

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

Organization, Technology and Management in Construction: an International Journal

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Building Information Modeling (BIM) has been acknowledged for promoting effectiveness and efficiency in project planning and management activities including...

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

Article Category: Research Paper

Published Online: Nov 20, 2021

Page range: 2484 - 2495

Received: Jul 05, 2020

Accepted: Mar 10, 2021

DOI: https://doi.org/10.2478/otmcj-2021-0028

Keywords
corporation performance, BIM, efficiency improvement, cost reduction

© 2021 Zhimin Wang et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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

Article Category: Research Paper

Published Online: Nov 20, 2021

Page range: 2484 - 2495

Received: Jul 05, 2020

Accepted: Mar 10, 2021

DOI: https://doi.org/10.2478/otmcj-2021-0028

Keywordscorporation performance, BIM, efficiency improvement, cost reduction

© 2021 Zhimin Wang et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
corporation performance, BIM, efficiency improvement, cost reduction