Resource-Based View in Construction Project Management Research: A Meta-Analysis

Abstract

Resource-based view (RBV) is the theory that has been adopted as the theoretical background in construction project management (CPM) research to examine the impact of resources and capabilities on firm performance. Its primary assumption is that firms’ performance and competitive advantages are enhanced by properly utilising valuable resources and capabilities. This paper aims to examine the effect of various constructs and relations used in preceding research by proposing a conceptual framework in the lens of RBV, which combined the multiple paths found in the literature. Then, hypotheses were developed to test the research framework empirically. This paper reports a meta-analysis of 20 journal papers published in the Scopus database in the area of CPM. The findings indicate that all the relationships between resources, capabilities, competitive advantage and performance were verified as significant. Moreover, the review pointed out that using capabilities and sustained competitive advantage in a mediated model is better than the direct effect model. Finally, a flowchart combining all the variables, construct, and paths was developed based on the results.

Implication of internet of things (IoT) on organisational performance for SMEs in emerging economies – a systematic review

“…The theory clarifies that certain types of resources that comply with VRIN (valuable, rare, imperfectly imitable and non-substitutable) can generate competitive advantages. For that reason, RBT assesses the capabilities and resources of a SMEs and examines their attributes [33]. Also, RBT supports the view that achievement of a continuous competitive advantage and performance could be generated by the distinctive blend of resources and capabilities at the nucleus of the business organization [34].…”

A Bayesian Network Model of Megaproject Social Responsibility Behavior and Project Performance: From the Perspective of Resource-Based Theory

“…For megaprojects with one-time and temporary characteristics, resource-based theory has been applied in a significant number of research projects, such as Dzeng et al's research on the strategic management of contractors in megaprojects [52], Govan et al's investigation of project risk management [53], and Shi et al's examination of the impact of competence on subcontracting in construction projects [54]. In the realm of construction project management, RBT serves as a prevalent viewpoint for formulating a conceptual framework for performance research [55]. Emphasizing that any organization harbors distinctive resources and capabilities [47], a megaproject typically draws upon resources and capabilities from multiple participating organizations [52], thus rendering the megaproject an amalgamation of resources and capabilities contributed by various organizations.…”

“…The management of large-scale construction projects involving multiple participants entails a strategic decision-making process designed to guarantee that the entire construction project team possesses sufficient resources and capabilities [52], serving as the foundation for enhancing project performance [50,56]. Additionally, Mansour et al's investigation examined 20 construction project management studies that applied RBT and delineated a conceptual structural model illustrating how resources and capacity influence project performance [55]. This is coupled with the assertion that RBT effectively elucidates the intermediaries of social responsibility behaviors impacting organizational performance [23,49,57].…”

The impact of artificial intelligence in marketing on the performance of business organizations: evidence from SMEs in an emerging economy

“…RBV theory according to Barney et al (2011) is a theory that analyses the internal resources and capabilities of a business organization, helping the generation of competitive advantage and performance. For that reason, RBV theory assesses the capabilities and resources of a business organization and examines their attributes (Mansour et al , 2022). Also, RBV supports the view that achievement of a continuous competitive advantage and performance could be generated by the distinctive blend of resources and capabilities at the nucleus of the business organization (Bhandari et al , 2022).…”