TY - GEN
T1 - Embeddedness and collaborative venture networks for overseas construction projects
AU - Son, Jeong Wook
AU - Han, Seung Heon
AU - Rojas, Eddy M.
AU - Park, Heedae
PY - 2010
Y1 - 2010
N2 - 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 since 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 behavior and outcomes, but also empirical evidence by analyzing collaborative cases jointly performed by Korean construction firms working overseas during the past 18 years. Three conclusions are drawn. First, the inter-firm network has scale-free network properties. 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 plausible evidence of the impact of structural embeddedness as well as relational embeddedness on the level of profit.
AB - 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 since 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 behavior and outcomes, but also empirical evidence by analyzing collaborative cases jointly performed by Korean construction firms working overseas during the past 18 years. Three conclusions are drawn. First, the inter-firm network has scale-free network properties. 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 plausible evidence of the impact of structural embeddedness as well as relational embeddedness on the level of profit.
UR - http://www.scopus.com/inward/record.url?scp=77956322844&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=77956322844&partnerID=8YFLogxK
U2 - 10.1061/41109(373)133
DO - 10.1061/41109(373)133
M3 - Conference contribution
AN - SCOPUS:77956322844
SN - 9780784411094
T3 - Construction Research Congress 2010: Innovation for Reshaping Construction Practice - Proceedings of the 2010 Construction Research Congress
SP - 1325
EP - 1334
BT - Construction Research Congress 2010
T2 - Construction Research Congress 2010: Innovation for Reshaping Construction Practice
Y2 - 8 May 2010 through 10 May 2010
ER -