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

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

By: Anita Ceric and  Ivona Ivic  
Open Access
|Aug 2021

Figures & Tables

Fig. 1

Network visualisation of interconnected keywords in Gephi.
Network visualisation of interconnected keywords in Gephi.

j_otmcj-2021-0025_apptab_001

Keywords123456789101112131415161718192021222324252627282930313233Sum
1. Adverse selection 11 1 3
2. Agency theory 1 1 3 1 1 21 3 1 14
3. Change management 2 2
4. Cooperation/collaboration 2 312 1 1 1 11
5. Communication 12 2 2 11 9
6. Contracts 1 224 13151 1 732 5 1 1 63150
7. Corruption 2 2
8. Financial management 1 2 1 2 6
9. Governance 3 3 9 1 1 21 1 3 21 4 233
10. Hold-up 1 1 2
11. Incentives 3 5 1 311 1 36 12 1 11 30
12. Information asymmetry1 1 1 1 2 2 1 1 10
13. Information systems1 2 1 1221 1 1 1 13
14. Institutional theory 1 1
15. Moral hazard 1 1 2
16. Opportunism 1 1 1 111 6
17. Organisation theory 1 1 2
18. Partnership 1 7 2213 1 212 1311 2 30
19. Principal–agent theory1 123 1 621 11 12 1 2 1 3 130
20. Procurement 1 2 1 1 2 1 1 1 21 13
21. Professional ethics/Professionalism 1 1 24
22. Reputation 1 1 2
23. Risk management 2 5 23 211 32 4 1228
24. Social capital 1 1 21 5
25. Social networks 21 1 3 1 8
26. Social theories 1 1
27. Stewardship theory 3 1 2 1 7
28. Strategic planning 1 1 2 4
29. Supply chain management 1 11 4 1 8
30. Temporary organisations 2 2
31. Transation costs 16 411 1 32 2 223
32. Trust 1 113 1 2 1 111 1 14
33. Uncertainty 1 2 1 2 2 2 212

Top construction management journals according to authors (Bröchner and Björk, 2008)

JournalAcronymPublisher
Automation in ConstructionAICElsevier
Building Research and InformationBRITaylor and Francis
Construction InnovationCIEmerald
Construction Management and EconomicsCMETaylor and Francis
Engineering, Construction, and Architectural ManagementECAMEmerald
International Journal of Project ManagementIJPMElsevier
Journal of Construction Engineering and ManagementJCEMASCE

Incidence of keyword ‘principal–agent’ in selected journals

Keyword/JournalAICBRICICMEECAMIJPMJCEM
Papers15723177025
Titles0000031
Abstracts0104485
Keywords0102263

Papers cited

AcronymPapers cited
AICXu et al. (2019)
BRILützkendorf and Speer (2005), Ürge-Vorsatz et al. (2007), Sha (2013), Zhang et al. (2016), Ströbele and Lützkendorf (2019)
CIDavidson (2009), Vennström and Eriksson (2010), Van Duren et al. (2015), Saini et al. (2018), Saini et al. (2019), Van den Berg et al. (2020), Van Oorschot et al. (2020)
CMEBoukendour (2007), Bowen et al. (2007), Ward and Chapman (2008), Yung and Lai (2008), Hossain (2009a), Tuuli et al. (2010), Sha (2011), Bowen et al. (2012), Ling and Tran (2012), Rose and Manley (2012), Chang (2013a), Espinoza and Morris (2013), Javed et al. (2014), Fu et al. (2015), De Valence and Runeson (2015), Winch (2015), Snippert et al. (2015), De Biasio and Murray (2017), Liu et al. (2017), Odoemena and Horita (2018), Gao and Liu (2019), Sha (2019), Zhang et al. (2020b)
ECAMHsieh and Forster (2006), Eriksson and Laan (2007), Badenfelt (2008), Bemelmans et al. (2012), Hughes et al. (2012), Hosseinian and Carmichael (2014), Li et al. (2014), Chong and Oon (2016), Adam et al. (2017), Mei et al. (2017), Chen et al. (2019), Han et al. (2019), Hasan and Jha (2019), Laryea (2019), Lee (2019), Wang and Shi (2019), Zhang et al. (2020a)
IJPMWard et al. (1991), Ward and Chapman (1991), Williams (1993), Ogunlana (1996), Farrell (2003), Turner and Müller (2003), Müller and Turner (2005), Yu et al. (2005), Jensen et al. (2006), Koch and Buser (2006), Smyth and Morris (2007), Turner et al. (2008), Hossain (2009b), Hossain and Wu (2009), Huang and Chang (2009), Pinto et al. (2009), Corvellec and Macheridis (2010), Hölzle (2010), Mahaney and Lederer (2010), Müller and Turner (2010), Bakker et al. (2011), Kapsali (2011), Koppenjan et al. (2011), Eriksson (2012), Hsu et al. (2012), Ika et al. (2012), Bond-Bernard et al. (2013), Braun et al. (2013), Chang (2013b), Chang (2013c), Flyvbjerg (2013), Ahola et al. (2014), Biesenthal and Wilden (2014), Carbonara et al. (2014), Floricel et al. (2014), Guo et al. (2014), Liu et al. (2014), Pinto (2014), Toivonen and Toivonen (2014), Chang (2015), Shen et al. (2015), Wang and Liu (2015), Xiang et al. (2015), Zwikael and Smyrk (2015), Badewi (2016), Conforto et al. (2016), Joslin and Müller (2016), Laursen and Svejvig (2016), Liu et al. (2016), Müller et al. (2016), Näsänen and Vanharanta (2016), Samset and Volden (2016), Cao et al. (2017), Musawir et al. (2017), Niknazar and Bourgault (2017), Teo and Bridge (2017), Zheng et al. (2017), Bryde et al. (2018), Cui et al. (2018), Pilkienė et al. (2018), Pollack et al. (2018), Sirisomboonsuk et al. (2018), Sydow and Braun (2018), Vuorinen and Martinsuo (2018), Wang et al. (2018), Daniel and Daniel (2019), Volden (2019), Hedborg et al. (2020), Musawir et al. (2020), Picciotto (2020)
JCEMCheah et al. (2004), Ho (2006), Puddicombe (2009), Zhang (2009), Xiang et al. (2012), Hosseinian and Carmichael (2013), Chang (2014), Chang and Chou (2014), Chen et al. (2014), Le et al. (2014), Van Buiten and Hartmann (2015), Chang and Chen (2016), Szentes and Eriksson (2016), Xiong and Zhang (2016), Chang et al. (2017), Shen et al. (2017), Wen et al. (2017), Shrestha et al. (2018), Tembo-Silungwe and Khatleli (2018), Solheim-Kile and Wald (2019), Yao et al. (2019), Hosseinian et al. (2020), Li et al. (2020), Yao et al. (2020), Zhu et al. (2020)

Incidence of associated keywords in selected journals

Keyword/JournalAICBRICICMEECAMIJPMJCEMSum
Adverse selection 1 1
Agency theory 1 427
Change management 1 1 2
Cooperation/collaboration1 11126
Communication 1 315
Contracts 7521226
Corruption 2 13
Financial management 1 23
Governance 2 2 14119
Hold-up 1 1 2
Incentives 243615
Information asymmetry11 125
Information systems 11 2329
Institutional theory 1 1
Moral hazard 1 1
Opportunism 13 1 5
Organisation theory 1 1
Partnership 533920
Procurement 211116
Professional ethics/professionalism 1 1 2
Reputation 11
Risk management 2210620
Social capital 11
Social networks 3 216
Social theories 1 1
Stewardship theory 1 2 3
Strategic planning 2114
Supply chain management 3 22 7
Temporary organisations 2 2
Transaction costs 315110
Trust 11136
Uncertainty 1 2 4 7

Node characteristics, data from Gephi

NodeDegreeWeighted degreeCloseness centralityBetweenness centrality
Adverse selection33.00.440.0
Agency theory813.00.545.3
Change management00.00.00.0
Cooperation711.00.569.04
Communication58.00.522.78
Contracts1846.00.7261.63
Corruption00.00.00.0
Financial management46.00.480.28
Governance1224.00.6440.0
Hold-up22.00.440.0
Incentives1327.00.6530.26
Information asymmetry810.00.588.06
Information systems911.00.5437.42
Institutional theory11.00.350.0
Moral hazard22.00.430.0
Opportunism55.00.520.9
Organisation theory11.00.380.0
Partnership1428.00.6439.53
P–A theory1628.00.768.26
Procurement912.00.5210.82
Professionalism34.00.450.0
Reputation22.00.440.0
Risk management1124.00.6115.92
Social capital45.00.471.23
Social networks45.00.470.38
Social theories00.00.00.0
Stewardship theory47.00.490.56
Strategic planning22.00.420.0
Supply chain management44.00.51.18
Temporary organisations00.00.00.0
Transaction costs1023.00.639.07
Trust1114.00.5615.62
Uncertainty610.00.542.76
DOI: https://doi.org/10.2478/otmcj-2021-0025 | Journal eISSN: 1847-6228 | Journal ISSN: 1847-5450
Language: English
Page range: 2450 - 2464
Submitted on: Apr 13, 2021
Accepted on: May 3, 2021
Published on: Aug 24, 2021
Published by: University of Zagreb
In partnership with: Paradigm Publishing Services
Publication frequency: 1 issue per year

© 2021 Anita Ceric, Ivona Ivic, published by University of Zagreb
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.