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Embeddedness and collaborative venture networks among Korean construction firms for overseas construction projects

Title
Embeddedness and collaborative venture networks among Korean construction firms for overseas construction projects
Authors
Son J.Han S.H.Rojas E.M.
Ewha Authors
손정욱
SCOPUS Author ID
손정욱scopus
Issue Date
2015
Journal Title
Journal of Civil Engineering and Management
ISSN
1392-3730JCR Link
Citation
vol. 21, no. 4, pp. 478 - 491
Keywords
construction companiesinternational factorsnetworksprofits
Publisher
Taylor and Francis Ltd.
Indexed
SCIE; SCOPUS WOS scopus
Abstract
Finding competent collaborators while executing construction projects overseas is of paramount importance for project success. The partner choice and project performance cannot be understood only from an economic viewpoint because it is constrained by the firms embeddedness in social relations. Based on this premise, this paper provides not only a theoretical explanation of the impact of structural and relational embeddedness on firms economic behaviour and outcomes, but also empirical evidence by analysing the collaborative process among Korean construction firms working overseas during the past 18 years. Three conclusions are drawn. First, the inter-firm network, at least asymptotically, has scale-free network properties with variance. Second, the network retained endogamic characteristics in that a great majority of smaller firms had worked with only one large firm, forming strong subgroups. Last, there is a plausible evidence of the impact of both structural embeddedness and relational embeddedness on profits. Copyright © 2015 Vilnius Gediminas Technical University (VGTU) Press.
DOI
10.3846/13923730.2014.890658
Appears in Collections:
엘텍공과대학 > 건축공학전공 > Journal papers
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