Analysis of China's Hydropower Construction Industry and Market Based on Industrial Organization Theory
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Abstract
From the perspective of industrial organization, this paper analyzes the present situation of hydropower construction industry in China by using SCP model, and compares it with that of foreign engineering companies, the results show that the hydropower construction industry in our country has a high oligopoly market structure and has formed the scale economic benefit, investment and operation in the field of hydropower derivatives show a significant difference in the investment target and business model, the contribution of investment operation to the profit level of the industry is increasing, and for the enterprises in the industry, the combination of industry, technology and internationalization are the effective means to improve the competitiveness, appropriate increase in asset liability ratio can enhance the ability to diversify. At last, the paper gives some suggestions to the enterprises which will enter the hydropower construction industry.
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