{"id":"https://openalex.org/W2062077959","doi":"https://doi.org/10.1061/(asce)0742-597x(2005)21:1(17)","title":"Long-Term Entropy and Profitability Change of United States Public Construction Firms","display_name":"Long-Term Entropy and Profitability Change of United States Public Construction Firms","publication_year":2004,"publication_date":"2004-12-16","ids":{"openalex":"https://openalex.org/W2062077959","doi":"https://doi.org/10.1061/(asce)0742-597x(2005)21:1(17)","mag":"2062077959"},"language":"en","primary_location":{"id":"doi:10.1061/(asce)0742-597x(2005)21:1(17)","doi":"https://doi.org/10.1061/(asce)0742-597x(2005)21:1(17)","is_oa":false,"landing_page_url":"https://doi.org/10.1061/(asce)0742-597x(2005)21:1(17)","pdf_url":null,"source":{"id":"https://openalex.org/S144495243","display_name":"Journal of Management in Engineering","issn_l":"0742-597X","issn":["0742-597X","1943-5479","9742-597X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","cwts-core","dongbi-a","fnege-3","jufo-1","norway-2","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315747","host_organization_name":"American Society of Civil Engineers","host_organization_lineage":["https://openalex.org/P4310315747"],"host_organization_lineage_names":["American Society of Civil Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Management in Engineering","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5111500285","display_name":"Jong-Soo Choi","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I135310074","display_name":"University of Wisconsin\u2013Madison","ror":"https://ror.org/01y2jtd41","country_code":"US","type":"education","lineage":["https://openalex.org/I135310074"]},{"id":"https://openalex.org/I205490536","display_name":"Dongguk University","ror":"https://ror.org/057q6n778","country_code":"KR","type":"education","lineage":["https://openalex.org/I205490536"]}],"countries":["KR","US"],"is_corresponding":false,"raw_author_name":"Jongsoo Choi","raw_affiliation_strings":["Assistant Professor, 26-3 Pil-dong, Jung-gu, Architectural Engineering Dept. Dongguk Univ., Seoul, 100-715, South Korea","Professor, 2304 Engineering Hall, 1415 Engineering Dr., Univ. of Wisconsin-Madison, WI 53706"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Assistant Professor, 26-3 Pil-dong, Jung-gu, Architectural Engineering Dept. Dongguk Univ., Seoul, 100-715, South Korea","institution_ids":["https://openalex.org/I205490536"]},{"raw_affiliation_string":"Professor, 2304 Engineering Hall, 1415 Engineering Dr., Univ. of Wisconsin-Madison, WI 53706","institution_ids":["https://openalex.org/I135310074"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5065352649","display_name":"Jeffrey S. Russell","orcid":"https://orcid.org/0009-0004-6463-291X","observed_orcids":["https://orcid.org/0009-0004-6463-291X"]},"institutions":[{"id":"https://openalex.org/I135310074","display_name":"University of Wisconsin\u2013Madison","ror":"https://ror.org/01y2jtd41","country_code":"US","type":"education","lineage":["https://openalex.org/I135310074"]},{"id":"https://openalex.org/I205490536","display_name":"Dongguk University","ror":"https://ror.org/057q6n778","country_code":"KR","type":"education","lineage":["https://openalex.org/I205490536"]}],"countries":["KR","US"],"is_corresponding":false,"raw_author_name":"Jeffrey S. Russell","raw_affiliation_strings":["Assistant Professor, 26-3 Pil-dong, Jung-gu, Architectural Engineering Dept. Dongguk Univ., Seoul, 100-715, South Korea","Professor, 2304 Engineering Hall, 1415 Engineering Dr., Univ. of Wisconsin-Madison, WI 53706"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Assistant Professor, 26-3 Pil-dong, Jung-gu, Architectural Engineering Dept. Dongguk Univ., Seoul, 100-715, South Korea","institution_ids":["https://openalex.org/I205490536"]},{"raw_affiliation_string":"Professor, 2304 Engineering Hall, 1415 Engineering Dr., Univ. of Wisconsin-Madison, WI 53706","institution_ids":["https://openalex.org/I135310074"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.7664,"has_fulltext":false,"cited_by_count":49,"citation_normalized_percentile":{"value":0.84154981,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":87,"max":98},"biblio":{"volume":"21","issue":"1","first_page":"17","last_page":"26"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12851","display_name":"Firm Innovation and Growth","score":0.3206000030040741,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12851","display_name":"Firm Innovation and Growth","score":0.3206000030040741,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13151","display_name":"Business Strategies and Innovation","score":0.1462000012397766,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.11100000143051147,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/business-diversification","display_name":"business diversification","score":0.8930000066757202},{"id":"https://openalex.org/keywords/profitability","display_name":"profitability","score":0.6050000190734863},{"id":"https://openalex.org/keywords/construction-industry","display_name":"construction industry","score":0.5609999895095825},{"id":"https://openalex.org/keywords/business-strategy","display_name":"business strategy","score":0.6629999876022339},{"id":"https://openalex.org/keywords/diversified-firms","display_name":"diversified firms","score":0.5889999866485596},{"id":"https://openalex.org/keywords/firm-performance","display_name":"firm performance","score":0.3790000081062317},{"id":"https://openalex.org/keywords/industrial-competitiveness","display_name":"industrial competitiveness","score":0.3199999928474426}],"concepts":[{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.900060772895813},{"id":"https://openalex.org/C180916674","wikidata":"https://www.wikidata.org/wiki/Q3711935","display_name":"Diversification (marketing strategy)","level":2,"score":0.6696600317955017},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.6026577949523926},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5506758093833923},{"id":"https://openalex.org/C86275758","wikidata":"https://www.wikidata.org/wiki/Q376657","display_name":"Strategic management","level":2,"score":0.5001676082611084},{"id":"https://openalex.org/C106301342","wikidata":"https://www.wikidata.org/wiki/Q4117933","display_name":"Entropy (arrow of time)","level":2,"score":0.46929579973220825},{"id":"https://openalex.org/C3020672099","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Longitudinal data","level":2,"score":0.42658495903015137},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.3712361454963684},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.22941365838050842},{"id":"https://openalex.org/C149923435","wikidata":"https://www.wikidata.org/wiki/Q37732","display_name":"Demography","level":1,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1061/(asce)0742-597x(2005)21:1(17)","doi":"https://doi.org/10.1061/(asce)0742-597x(2005)21:1(17)","is_oa":false,"landing_page_url":"https://doi.org/10.1061/(asce)0742-597x(2005)21:1(17)","pdf_url":null,"source":{"id":"https://openalex.org/S144495243","display_name":"Journal of Management in Engineering","issn_l":"0742-597X","issn":["0742-597X","1943-5479","9742-597X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","cwts-core","dongbi-a","fnege-3","jufo-1","norway-2","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315747","host_organization_name":"American Society of Civil Engineers","host_organization_lineage":["https://openalex.org/P4310315747"],"host_organization_lineage_names":["American Society of Civil Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Management in Engineering","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.7257999777793884,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":31,"referenced_works":["https://openalex.org/W343210364","https://openalex.org/W1480130034","https://openalex.org/W1493292050","https://openalex.org/W1549093964","https://openalex.org/W1592263067","https://openalex.org/W1966802971","https://openalex.org/W1986034602","https://openalex.org/W1993056919","https://openalex.org/W1994118442","https://openalex.org/W2004949574","https://openalex.org/W2007473484","https://openalex.org/W2010034278","https://openalex.org/W2022439084","https://openalex.org/W2028295417","https://openalex.org/W2040198418","https://openalex.org/W2042088924","https://openalex.org/W2055836025","https://openalex.org/W2063443182","https://openalex.org/W2070335567","https://openalex.org/W2070706581","https://openalex.org/W2070921509","https://openalex.org/W2074303827","https://openalex.org/W2088686399","https://openalex.org/W2089932541","https://openalex.org/W2091401790","https://openalex.org/W2093323318","https://openalex.org/W2134830234","https://openalex.org/W2135025752","https://openalex.org/W2154789713","https://openalex.org/W4206617196","https://openalex.org/W4213316645"],"related_works":["https://openalex.org/W1513742321","https://openalex.org/W1520279619","https://openalex.org/W3027325686","https://openalex.org/W2358150831","https://openalex.org/W2184484220","https://openalex.org/W1972542460","https://openalex.org/W1992595047","https://openalex.org/W4402924739","https://openalex.org/W4386972929","https://openalex.org/W2153491448"],"abstract_inverted_index":{"A":[0],"firm\u2019s":[1,23],"business":[2,10,24],"composition":[3],"and":[4,31,44,70,77,103,116,132,153],"the":[5,22,53,113,125,137,144,147],"sales":[6],"volume":[7],"of":[8,55,139],"each":[9],"segment":[11],"are":[12,118],"subject":[13],"to":[14,17,38,112],"change":[15],"depending,":[16],"a":[18,34,83,89],"considerable":[19],"extent,":[20],"on":[21,58,99],"strategy.":[25],"These":[26,107],"changes":[27],"were":[28,80,96,109],"first":[29],"weighted":[30],"represented":[32],"as":[33,49,73,75],"single":[35],"index,":[36],"referred":[37],"by":[39],"scholars":[40],"in":[41],"strategic":[42],"management":[43],"industrial":[45],"organization":[46],"research":[47,105,121],"fields":[48],"\u201cfirm":[50],"entropy,\u201d":[51],"then":[52],"impact":[54],"firm":[56,100],"entropy":[57,126],"firms\u2019":[59,140],"profitability":[60,142],"was":[61],"assessed":[62],"over":[63],"12years.":[64],"The":[65,120],"performance":[66],"differences":[67],"between":[68],"contractor":[69,131],"noncontractor":[71,133],"firms,":[72,79],"well":[74],"focused":[76],"diversified":[78],"compared":[81],"through":[82],"longitudinal":[84],"data":[85],"analysis":[86],"technique":[87],"within":[88],"hierarchical":[90],"linear":[91],"modeling":[92,114],"framework.":[93],"Two":[94],"hypotheses":[95,108],"formulated":[97],"based":[98],"diversification":[101],"theories":[102],"previous":[104],"findings.":[106],"tested":[110],"according":[111],"outcomes,":[115],"implications":[117],"presented.":[119],"findings":[122],"indicate":[123],"that":[124,146],"changed":[127],"constantly":[128],"for":[129],"both":[130],"firms.":[134],"In":[135],"addition,":[136],"level":[138],"long-term":[141],"supports":[143],"argument":[145],"construction":[148],"industry":[149],"is":[150],"highly":[151],"competitive":[152],"mature.":[154]},"counts_by_year":[{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":5},{"year":2019,"cited_by_count":4},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":4},{"year":2016,"cited_by_count":5},{"year":2015,"cited_by_count":4},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":4}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}
