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

Jeong Wook Son, Seung Heon Han, Eddy M. Rojas

Research output: Contribution to journalArticle

2 Citations (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.

Original languageEnglish
Pages (from-to)478-491
Number of pages14
JournalJournal of Civil Engineering and Management
Volume21
Issue number4
DOIs
Publication statusPublished - 2015 May 19

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Economics
Complex networks
Profitability
Construction project
Embeddedness
Venture
Relational embeddedness
Collaborative process
Profit
Project success
Inter-firm networks
Social relations
Small firms
Project performance
Scale-free networks
Empirical evidence
Economic behaviour
Large firms

All Science Journal Classification (ASJC) codes

  • Civil and Structural Engineering
  • Strategy and Management

Cite this

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Embeddedness and collaborative venture networks among Korean construction firms for overseas construction projects. / Son, Jeong Wook; Han, Seung Heon; Rojas, Eddy M.

In: Journal of Civil Engineering and Management, Vol. 21, No. 4, 19.05.2015, p. 478-491.

Research output: Contribution to journalArticle

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