Factors facilitating effective knowledge spillovers from foreign to domestic construction firms in Abuja, Nigeria.
The potential benefits of Foreign Direct Investment (FDI) on the host economy are capital inflows, job creation and most importantly, knowledge spillovers. The purpose of this study was to assess the key factors that facilitate effective knowledge spillovers from foreign construction firms to local...
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| Format: | Article |
| Language: | English |
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UJ Press
2022-12-01
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| Series: | Journal of Construction Project Management and Innovation |
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| Online Access: | https://journals.uj.ac.za/index.php/JCPMI/article/view/1141 |
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| author | Olorunfemi Bamisaye NAJIMU SAKA Taiwo Adegbembo |
| author_facet | Olorunfemi Bamisaye NAJIMU SAKA Taiwo Adegbembo |
| author_sort | Olorunfemi Bamisaye |
| collection | DOAJ |
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The potential benefits of Foreign Direct Investment (FDI) on the host economy are capital inflows, job creation and most importantly, knowledge spillovers. The purpose of this study was to assess the key factors that facilitate effective knowledge spillovers from foreign construction firms to local construction firms. Data were collected through the use of a well-structured questionnaire. It was administered to construction professionals in both foreign and domestic construction firms in Abuja, Nigeria. The data were analysed using descriptive and inferential statistical tools. It was revealed in the study that ICT, access to finance, the skill of workers and employee motivation were the key factors responsible for effective knowledge spillovers. Hence, it was recommended that domestic firms should fully harness the key factors responsible for effective knowledge spillovers, as this will enable them to widen their knowledge spectrum and not become trapped in their current expertise. Also, the government should make and enforce policies that will encourage knowledge spillovers.
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| format | Article |
| id | doaj-art-39bd55503b8549dba9f1786460c2f9bc |
| institution | Kabale University |
| issn | 2223-7852 2959-9652 |
| language | English |
| publishDate | 2022-12-01 |
| publisher | UJ Press |
| record_format | Article |
| series | Journal of Construction Project Management and Innovation |
| spelling | doaj-art-39bd55503b8549dba9f1786460c2f9bc2025-01-08T06:09:06ZengUJ PressJournal of Construction Project Management and Innovation2223-78522959-96522022-12-0112110.36615/jcpmi.v12i1.1141Factors facilitating effective knowledge spillovers from foreign to domestic construction firms in Abuja, Nigeria.Olorunfemi Bamisaye0NAJIMU SAKA1https://orcid.org/0000-0002-3873-2325Taiwo Adegbembo2https://orcid.org/0000-0002-2453-327XFederal University of Technology, AkureFederal University of Technology, Akurea:1:{s:5:"en_US";s:39:"Federal University of Technology, Akure";} The potential benefits of Foreign Direct Investment (FDI) on the host economy are capital inflows, job creation and most importantly, knowledge spillovers. The purpose of this study was to assess the key factors that facilitate effective knowledge spillovers from foreign construction firms to local construction firms. Data were collected through the use of a well-structured questionnaire. It was administered to construction professionals in both foreign and domestic construction firms in Abuja, Nigeria. The data were analysed using descriptive and inferential statistical tools. It was revealed in the study that ICT, access to finance, the skill of workers and employee motivation were the key factors responsible for effective knowledge spillovers. Hence, it was recommended that domestic firms should fully harness the key factors responsible for effective knowledge spillovers, as this will enable them to widen their knowledge spectrum and not become trapped in their current expertise. Also, the government should make and enforce policies that will encourage knowledge spillovers. https://journals.uj.ac.za/index.php/JCPMI/article/view/1141knowledge spillovers; foreign direct investment; foreign construction firms; domestic construction firms |
| spellingShingle | Olorunfemi Bamisaye NAJIMU SAKA Taiwo Adegbembo Factors facilitating effective knowledge spillovers from foreign to domestic construction firms in Abuja, Nigeria. Journal of Construction Project Management and Innovation knowledge spillovers; foreign direct investment; foreign construction firms; domestic construction firms |
| title | Factors facilitating effective knowledge spillovers from foreign to domestic construction firms in Abuja, Nigeria. |
| title_full | Factors facilitating effective knowledge spillovers from foreign to domestic construction firms in Abuja, Nigeria. |
| title_fullStr | Factors facilitating effective knowledge spillovers from foreign to domestic construction firms in Abuja, Nigeria. |
| title_full_unstemmed | Factors facilitating effective knowledge spillovers from foreign to domestic construction firms in Abuja, Nigeria. |
| title_short | Factors facilitating effective knowledge spillovers from foreign to domestic construction firms in Abuja, Nigeria. |
| title_sort | factors facilitating effective knowledge spillovers from foreign to domestic construction firms in abuja nigeria |
| topic | knowledge spillovers; foreign direct investment; foreign construction firms; domestic construction firms |
| url | https://journals.uj.ac.za/index.php/JCPMI/article/view/1141 |
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