Classic perspectives on project governance: transaction cost economics, agency theory, and stewardship theory

Tuomas Ahola

Chapter 3 in Research Handbook on the Governance of Projects, 2023, pp 31-41 from Edward Elgar Publishing

Abstract: In addition to literature on project organizing, research on project governance also draws, to a limited extent, on broadly recognized – and utilized – governance theories. This chapter discusses the implications of three classic governance theories, namely transaction cost economics, agency theory, and stewardship theory, for our understanding of project governance. Each of these widely utilized theories approaches governance from a different perspective. In addition, these theories also embed strong assumptions regarding the motives of individual decision-makers to collaborate. In addition to describing the key assumptions, concepts, and frameworks of the three classic governance theories, the present chapter outlines some of the main implications of these three theoretical lenses on our understanding on project governance as a phenomenon of ongoing discussion within project organizing research.

Keywords: Business and Management; Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781802208078.00009 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable (https://www.elgaronline.com/doi/10.4337/9781802208078.00009 [301 Moved Permanently]--> https://www.elgaronline.com:443/view/book/9781802208078/book-part-9781802208078-9.xml)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:21314_3

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().