Intercompany Relations of Stakeholders of Investments and Projects
The article is devoted to questions of identification of the factors influencing the establishment of high-quality intercompany relationships between stakeholders within the framework of the investment and building project. The problems arising at the developer by the transfer of part of construction works to the contractor. As the major factors influencing the establishment of high-quality intercompany relationship we consider the specificity of capital of the developer, the size of the enterprise, the level of uncertainty and the trust of the developer to other participants. In each group of factors the analysis is using the components' method to allocate those which exert the greatest impact. A logit-model was constructed and the calculation for it was carried out allowing to estimate a contribution of each component to results. The model integrates a concept of trust with the main variables of the transaction cost theory. It is estimated on the selection basis of the construction organizations from the Ural Federal District of Russia. As a result, the authors conclude that the trust influences the developer's decisions about transfers of part of construction works to the contractor within the framework of an investment project.