Network analysis of interconnections between theoretical concepts associated with principal–agent theory concerning construction projects

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...

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Autores principales:	Ceric Anita, Ivic Ivona
Formato:	article
Lenguaje:	EN
Publicado:	Sciendo 2021
Materias:	principal–agent theory network analysis construction projects keywords search Building construction TH1-9745
Acceso en línea:	https://doaj.org/article/33c92c52a2ee49d19c59945865cf5248
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id	oai:doaj.org-article:33c92c52a2ee49d19c59945865cf5248
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spelling	oai:doaj.org-article:33c92c52a2ee49d19c59945865cf52482021-12-05T14:11:09ZNetwork analysis of interconnections between theoretical concepts associated with principal–agent theory concerning construction projects1847-622810.2478/otmcj-2021-0025https://doaj.org/article/33c92c52a2ee49d19c59945865cf52482021-08-01T00:00:00Zhttps://doi.org/10.2478/otmcj-2021-0025https://doaj.org/toc/1847-6228Communication 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.Ceric AnitaIvic IvonaSciendoarticleprincipal–agent theorynetwork analysisconstruction projectskeywords searchBuilding constructionTH1-9745ENOrganization, Technology and Management in Construction: An International Journal, Vol 13, Iss 2, Pp 2450-2464 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	principal–agent theory network analysis construction projects keywords search Building construction TH1-9745
spellingShingle	principal–agent theory network analysis construction projects keywords search Building construction TH1-9745 Ceric Anita Ivic Ivona Network analysis of interconnections between theoretical concepts associated with principal–agent theory concerning construction projects
description	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.
format	article
author	Ceric Anita Ivic Ivona
author_facet	Ceric Anita Ivic Ivona
author_sort	Ceric Anita
title	Network analysis of interconnections between theoretical concepts associated with principal–agent theory concerning construction projects
title_short	Network analysis of interconnections between theoretical concepts associated with principal–agent theory concerning construction projects
title_full	Network analysis of interconnections between theoretical concepts associated with principal–agent theory concerning construction projects
title_fullStr	Network analysis of interconnections between theoretical concepts associated with principal–agent theory concerning construction projects
title_full_unstemmed	Network analysis of interconnections between theoretical concepts associated with principal–agent theory concerning construction projects
title_sort	network analysis of interconnections between theoretical concepts associated with principal–agent theory concerning construction projects
publisher	Sciendo
publishDate	2021
url	https://doaj.org/article/33c92c52a2ee49d19c59945865cf5248
work_keys_str_mv	AT cericanita networkanalysisofinterconnectionsbetweentheoreticalconceptsassociatedwithprincipalagenttheoryconcerningconstructionprojects AT ivicivona networkanalysisofinterconnectionsbetweentheoreticalconceptsassociatedwithprincipalagenttheoryconcerningconstructionprojects
_version_	1718371349649424384

Network analysis of interconnections between theoretical concepts associated with principal–agent theory concerning construction projects

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