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With the rapid increase in China's construction demand and the liberalization of the construction market after its entry into World Trade Organization (WTO) in 2001, foreign architecture, engineering and construction (AEC) firms are presented with tremendous opportunities to participate in construction activities in China. However, the construction regulatory framework which governs foreign AEC firms has constrained their market access and business operations in China. This research aims to explore the impact of construction regulatory framework on foreign AEC firms and their adaptation to such impact in China's post-WTO era. In an attempt to answer the above research questions, this research tackles the main regulatory issues faced by foreign AEC firms in China. After reviewing extant literatures, 28 regulatory risks were identified as main regulatory issues which strongly affect foreign AEC firms. Furthermore, a comparative study was carried out to identify the main changes of regulations promulgated before and after China's WTO entry. This comparative study highlighted the main regulatory requirements which are related to those regulatory risks identified in literature review. To explore the impact of the identified regulatory risks and the firm-level adaptation, this research integrates the theoretical perspectives of business-government interdependence, strategic management and resourced-based view (RBV). Based on these three approaches, a conceptual framework was formulated and four research constructs were postulated to include regulatory risks, firm's strategies, capabilities and performance. Five hypotheses and 29 sub-hypotheses were developed and tested through questionnaire survey and interview conducted on foreign AEC firms in China. The conceptual framework was revised based on the hypothesis testing results. Based on the data collected from foreign AEC firms, the research findings suggest that all the regulatory risk variables have significant impact on foreign AEC firm's performance. It is indicated that six capabilities, i.e. management skill, technical ability, financing ability, marketing ability, social influence and contribution to x ATTENTION: The Singapore Copyright Act applies to the use of this document. Nanyang Technological University Library

China's construction regulatory framework and its effects on the performance of foreign AEC firms