Network analysis of interconnections between theoretical concepts associated with principal-agent theory concerning construction projects.
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| Title: | Network analysis of interconnections between theoretical concepts associated with principal-agent theory concerning construction projects. |
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| Authors: | Ceric, Anita1, Ivic, Ivona1 iivic@grad.hr |
| Source: | Organization, Technology & Management in Construction. 2021, Vol. 13 Issue 2, p2450-2464. 15p. |
| Subjects: | Construction projects, Construction management, Risk communication, Contract management, Management contracts |
| Abstract: | Communication risks and asymmetric information among project participants are often associated with poor performance in construction projects. Communication and coordination are prominent issues in recent research on construction management, with little actual theoretical foundation. The purpose of this study is to investigate the extent to which principal-agent (P-A) theory and its implications are used in construction management research. In the archives of the top seven construction management journals, 148 scientific papers mentioning P-A theory were found. The keywords were analysed to determine the connections between them. Network analysis (NA) of the interconnected keywords was used to illustrate the most common relations between P-A theory and construction management. The findings of this study indicate that the most important elements associated with P-A theory in construction management are contracts, governance, partnership, transaction costs, information systems, incentives, risk management, and trust. However, some keywords are often used without considering related theoretical concepts. This study introduces a new perspective on P-A theory research in the field of construction management. [ABSTRACT FROM AUTHOR] |
| Copyright of Organization, Technology & Management in Construction is the property of Paradigm Publishing Services and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) | |
| Database: | Engineering Source |
| FullText | Links: – Type: pdflink Text: Availability: 0 |
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| Header | DbId: egs DbLabel: Engineering Source An: 152475548 AccessLevel: 6 PubType: Academic Journal PubTypeId: academicJournal PreciseRelevancyScore: 0 |
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| Items | – Name: Title Label: Title Group: Ti Data: Network analysis of interconnections between theoretical concepts associated with principal-agent theory concerning construction projects. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Ceric%2C+Anita%22">Ceric, Anita</searchLink><relatesTo>1</relatesTo><br /><searchLink fieldCode="AR" term="%22Ivic%2C+Ivona%22">Ivic, Ivona</searchLink><relatesTo>1</relatesTo><i> iivic@grad.hr</i> – Name: TitleSource Label: Source Group: Src Data: <searchLink fieldCode="JN" term="%22Organization%2C+Technology+%26+Management+in+Construction%22">Organization, Technology & Management in Construction</searchLink>. 2021, Vol. 13 Issue 2, p2450-2464. 15p. – Name: Subject Label: Subjects Group: Su Data: <searchLink fieldCode="DE" term="%22Construction+projects%22">Construction projects</searchLink><br /><searchLink fieldCode="DE" term="%22Construction+management%22">Construction management</searchLink><br /><searchLink fieldCode="DE" term="%22Risk+communication%22">Risk communication</searchLink><br /><searchLink fieldCode="DE" term="%22Contract+management%22">Contract management</searchLink><br /><searchLink fieldCode="DE" term="%22Management+contracts%22">Management contracts</searchLink> – Name: Abstract Label: Abstract Group: Ab Data: Communication risks and asymmetric information among project participants are often associated with poor performance in construction projects. Communication and coordination are prominent issues in recent research on construction management, with little actual theoretical foundation. The purpose of this study is to investigate the extent to which principal-agent (P-A) theory and its implications are used in construction management research. In the archives of the top seven construction management journals, 148 scientific papers mentioning P-A theory were found. The keywords were analysed to determine the connections between them. Network analysis (NA) of the interconnected keywords was used to illustrate the most common relations between P-A theory and construction management. The findings of this study indicate that the most important elements associated with P-A theory in construction management are contracts, governance, partnership, transaction costs, information systems, incentives, risk management, and trust. However, some keywords are often used without considering related theoretical concepts. This study introduces a new perspective on P-A theory research in the field of construction management. [ABSTRACT FROM AUTHOR] – Name: AbstractSuppliedCopyright Label: Group: Ab Data: <i>Copyright of Organization, Technology & Management in Construction is the property of Paradigm Publishing Services and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.) |
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| RecordInfo | BibRecord: BibEntity: Identifiers: – Type: doi Value: 10.2478/otmcj-2021-0025 Languages: – Code: eng Text: English PhysicalDescription: Pagination: PageCount: 15 StartPage: 2450 Subjects: – SubjectFull: Construction projects Type: general – SubjectFull: Construction management Type: general – SubjectFull: Risk communication Type: general – SubjectFull: Contract management Type: general – SubjectFull: Management contracts Type: general Titles: – TitleFull: Network analysis of interconnections between theoretical concepts associated with principal-agent theory concerning construction projects. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Ceric, Anita – PersonEntity: Name: NameFull: Ivic, Ivona IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 07 Text: 2021 Type: published Y: 2021 Identifiers: – Type: issn-print Value: 18475450 Numbering: – Type: volume Value: 13 – Type: issue Value: 2 Titles: – TitleFull: Organization, Technology & Management in Construction Type: main |
| ResultId | 1 |
