Wahid, I; Shahzad, W; Rasheed, N and Rotimi, J O B (2024) Analysis of theoretical viewpoints explaining the performance differentials of construction firms. International Journal of Construction Education and Research, 20(1), pp. 2-25. ISSN 15578771
Abstract
Much research has been carried out in the field of business management to understand why some organizations perform better than others, while others fail. Strategic management field has a strong focus on exploring how firms operate and the performance differentials among them. In strategic management, predominantly, three theories are applied to assess firm performance. These theories are Resource-Based View (RBV), Dynamic Capabilities theory (DC), and Contingency Theory (CT). Through a systematic literature review, this paper explores how these three theories have been applied to construction management literature to review and examine the performance of the construction firms. Review of 46 articles was carried out to identify the factors that affect the performance of the construction firms in line with the frameworks presented by the aforementioned theories. The findings of the study hold significance for future researches on performance determinants of construction firms by evidencing the application of RBV, DC, and CT in construction management literature, which paves the way to future research aiming at combining the underlying principles of these theories to explore construction firm’s performance.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | contingency theory; dynamic capabilities; firm performance; resource-based view; systematic review |
| Index terms: | construction firm, firm performance, systematic literature review, determinant, dynamic capability, contingency theory, strategic management, business management, resource-based view |
| Subjects: | business analysis, sociology, organization, management, business, risk assessment, research evaluation and metrics |
| Topics: | Research Practice, Organizational Design, Business Strategy, Risk Management |
| Descriptive scope: | 4 PCTE |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here