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.