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JOURNAL OF LEADERSHIP, ACCOUNTABILITY AND ETHICS
If the Only Tool You Have Is a Hammer, You Will Treat Everything as a Nail: Exploring Why Construction Contractors Monetise Social Value
Author(s): Greg Watts, Anthony Higham
Citation: Greg Watts, Anthony Higham, (2021) "If the Only Tool You Have Is a Hammer, You Will Treat Everything as a Nail: Exploring Why Construction Contractors Monetise Social Value," Journal of Leadership, Accountability and Ethics, Vol. 18, Iss. 3, pp 10-20
Article Type: Research paper
Publisher: North American Business Press
Abstract:
The need to measure and communicate Social Value (SV) is now a priority for many constructioncontractors. However, this can prove difficult as there exists a conflict at the heart of SV between itssubjective nature and the objective way SV is often measured. It needs to be ascertained exactly howcontractors measure SV and why, and if monetary metrics are increasingly used for SV measurement, whatare the ramifications. This paper aims to understand the motivations and ramifications of contractor SVmeasurement behaviour, as well as the implications for industry leadership and management.
