.... Therefore, the following hypotheses are put forth in light of the reviewed literature: The study adopted the agency theory or principal-agent theory. The theory enlightened how contracts are created when one party (agent) possesses more information than the other one (principal). Previous studies...

... Expanding the principal–agent theory, this paper adopts a qualitative approach to investigate the CoST transparency initiative. Interview data (n = 25) was collected and thematically analysed to examine how the CoST norm is enacted and to analyse the antecedents that enable (or hinder...

... in megaprojects. Design/methodology/approach Based on principal-agent theory, the research develops the static and dynamic incentive models for risk management in megaprojects, involving both the owner and insurance company. The study examines the primary factors influencing incentive efficiency. The results...

... be determined by their contribution to the outcome, effort costs, level of outcome uncertainty and risk preference. Originality/value This paper expands on the existing principal–agent theory by incorporating multiple levels of agents, transforming the conventional view of outcome sharing among downstream...

... on the principal–agent theory and collusion theory, this paper aims to investigate optimal collusion-proof incentive contracts. Design/methodology/approach This paper presents a game-theoretic framework comprising an owner, supervisor and contractor, who interact and pursue maximized self-profits. Built upon...

... support for multi-dwelling building energy efficiency retrofits (EERs). However, some of these projects encountered difficulties due to information asymmetry between the key participants. This study aims to address the problem from the perspective of the principal-agent theory, which is concerned...

... of this paper is to propose appropriate incentive and supervision mechanisms to reduce information asymmetry and improve the efficiency of incentives. Suggestions on technological innovation are put forward to megaprojects management. Design/methodology/approach According to the principal-agent theory...

... while protecting the economic benefit of the private sector, thus avoiding unnecessary renegotiation. Design/methodology/approach The microeconomic and principal–agent theories and relevant studies on the basic incentive model and flexible contract are fully utilized. The procedure for developing...

.../approach A basic incentive model and an optimization model of knowledge sharing in the industrial construction supply chain based on the supervision mechanism were developed via the principal–agent theory. Weighted coefficients of explicit and implicit knowledge sharing were introduced into the basic...