<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>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.</p>
</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.

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

Organization, Technology and Management in Construction: an International Journal

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Communication risks and asymmetric information among project participants are often associated with poor performance in construction projects. Communication...

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

Article Category: Research Paper

Published Online: Aug 24, 2021

Page range: 2450 - 2464

Received: Apr 13, 2021

Accepted: May 03, 2021

DOI: https://doi.org/10.2478/otmcj-2021-0025

Keywords
principal–agent theory, network analysis, construction projects, keywords search

© 2021 Anita Ceric et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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

Article Category: Research Paper

Published Online: Aug 24, 2021

Page range: 2450 - 2464

Received: Apr 13, 2021

Accepted: May 03, 2021

DOI: https://doi.org/10.2478/otmcj-2021-0025

Keywordsprincipal–agent theory, network analysis, construction projects, keywords search

© 2021 Anita Ceric et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
principal–agent theory, network analysis, construction projects, keywords search