Research on the Influencing Factors of Transaction Costs in Prefabricated Building Projects Based on the WSR Methodology

PBES

Proceedings of Business and Economic Studies

2209-26412209-265X

Bio-Byword Scientific Publishing Pty. Ltd.

10.26689/pbes.v9i4.14964

Article

Research on the Influencing Factors of Transaction Costs in Prefabricated Building Projects Based on the WSR Methodologyhttps://artdesignp.com/journal/PBES/9/4/10.26689/pbes.v9i4.14964LiuQizhi,FengJianyong,XuYixing,ShaoXiang'ao

2026

2026-06-03

Prefabricated buildings have advantages such as energy conservation and high efficiency, but the problem of high costs hinders their rapid development. Insufficient collaboration among participants and an imperfect policy system have led to increased costs of prefabricated buildings. From the perspective of transaction costs, this paper establishes an indicator system affecting the transaction costs of prefabricated buildings based on the WSR methodology, and identifies 31 influencing factors through literature review. AMOS software is used to conduct reliability and validity tests, confirmatory factor analysis, and path test analysis on the collected questionnaires to verify the fitness between the theory and hypotheses. The SEM analysis results show that factors such as project characteristics, market environment, decision management, contract management, construction management, personal systems, and enterprise systems have a negative impact on the transaction costs of prefabricated building projects. The model results can provide reference for general contracting enterprises to reduce the transaction costs of prefabricated buildings.

China Building Energy Consumption and Carbon Emission Research Report (2022). Architecture, 970(2): 57–69.

Wu H, Qian Q, Straub A, et al., 2019, Exploring Transaction Costs in the Prefabricated Housing Supply Chain in China. Elsevier B.V., 2019(226): 550–563.

Xue H, Zhang S, Su Y, et al., 2017, Factors Affecting the Capital Cost of Prefabrication: A Case Study of China. Sustainability, 9(9): 1512.

Frischmann M, Marciano, et al., 2015, Understanding The Problem of Social Cost. Journal of Institutional Economics, 11(2): 329–352.

Dugger W, 1987, The Economic Institutions of Capitalism. Journal of Economic Issues, 21(1): 528–530.

Xing H, Wang Z, Yin H, 2008, Design of Engineering Bidding Mechanism Considering Transaction Costs. Construction Economy, 310(8): 87–89.

Zheng Y, 2006, Research on the Social Costs of Construction Engineering Bidding and Tendering, thesis, Southeast University.

Wu H, Qian Q, Straub A, et al., 2019, Exploring Transaction Costs in the Prefabricated Housing Supply Chain in China. Journal of Cleaner Production, 2019(226): 550–563.

Xu Z, 2021, Research on the Whole-Industrial-Chain Cost Management of Prefabricated Buildings. Construction Economy, 42(2): 81–85.

Liu M, 2024, Research on the Key Influencing Factors of Construction Project Cost Control from the Perspective of General Contracting, thesis, Kunming University of Science and Technology.