Embeddedness and collaborative venture networks for overseas construction projects

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

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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 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.

Original languageEnglish
Title of host publicationConstruction Research Congress 2010
Subtitle of host publicationInnovation for Reshaping Construction Practice - Proceedings of the 2010 Construction Research Congress
Pages1325-1334
Number of pages10
DOIs
Publication statusPublished - 2010 Sep 10
EventConstruction Research Congress 2010: Innovation for Reshaping Construction Practice - Banff, AB, Canada
Duration: 2010 May 82010 May 10

Publication series

NameConstruction Research Congress 2010: Innovation for Reshaping Construction Practice - Proceedings of the 2010 Construction Research Congress

Other

OtherConstruction Research Congress 2010: Innovation for Reshaping Construction Practice
CountryCanada
CityBanff, AB
Period10/5/810/5/10

    Fingerprint

All Science Journal Classification (ASJC) codes

  • Civil and Structural Engineering
  • Safety, Risk, Reliability and Quality
  • Building and Construction

Cite this

Son, J. W., Han, S. H., Rojas, E. M., & Park, H. (2010). Embeddedness and collaborative venture networks for overseas construction projects. In Construction Research Congress 2010: Innovation for Reshaping Construction Practice - Proceedings of the 2010 Construction Research Congress (pp. 1325-1334). (Construction Research Congress 2010: Innovation for Reshaping Construction Practice - Proceedings of the 2010 Construction Research Congress). https://doi.org/10.1061/41109(373)133