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Fostering Trust and Commitment in Complex Project Networks through Dedicated Investment in Partnership Management

Authors
Shin, Nina.Yoo, Jung Sang.Kwon, I.-W.G.
Issue Date
Dec-2020
Publisher
MDPI
Keywords
Dedicated investment; Information sharing; Partnership commitment; Partnership trust; Project complexity; Risk management
Citation
SUSTAINABILITY, v.12, no.24, pp.1 - 21
Journal Title
SUSTAINABILITY
Volume
12
Number
24
Start Page
1
End Page
21
URI
https://scholarworks.bwise.kr/gachon/handle/2020.sw.gachon/79702
DOI
10.3390/su122410397
ISSN
2071-1050
Abstract
An absence of trust among partners can magnify the risk in a complex project by increasing behavioural uncertainty. Partnership trust can effectively substitute for control, reducing variability of outcomes and increasing value-adding strategic collaboration. It is introduced as strategic countermeasures against risks associated with project complexity that can only be achieved with commitment from all partners. This research conceptualises partnership trust on four dimensions and investigates the roles of dedicated investment and information sharing in partnership trust–commitment. The complexity of trust management is further highlighted in an exploration of the importance of the exchange relationship environment. © 2020 by the authors. Licensee MDPI, Basel, Switzerland.
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