Mohamed, S (2003) Performance in international construction joint ventures: Modeling perspective. Journal of Construction Engineering and Management, 129(6), pp. 619-626. ISSN 0733-9364
Abstract
This paper reports on a self-reported survey of performance in international construction joint ventures formed and operated by Australian and British contracting organizations. Based on previous studies, a questionnaire survey was developed to investigate the relationships between reported risk and success factors, and the performance of ventures. Through structural equation modeling, the paper empirically examines the effect of key processes such as partner selection, venture formation, and operation on venture performance. The results provide evidence that local partner attributes influence venture formation which, in turn, is strongly and positively related to its operation. These results also suggest that the negative impact of host government-related risks on venture formation is direct, while their impact on venture performance is indirect, through creating a "less certain" operating environment. Project-related risks appear to have strong and negative dual "direct and indirect" effects on venture performance. Based on these empirical results, the paper advocates that selecting a suitable complementary local partner and adopting a proactive risk management strategy are vital antecedents to successful venture performance.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Australia; contractors; international factors; joint ventures; risk management; United Kingdom |
| Index terms: | evidence, questionnaire, contracting organization, United Kingdom, structural equation modelling, strategy, success factor, survey, international construction, risk management, modelling, partner selection, joint venture, Australia |
| Subjects: | health monitoring assessment and metrics, analytical methods, business, risk assessment, strategic management, evaluation and assessment methods, data collection methods, practitioner, partnership management, statistical analysis, management, Geography |
| Topics: | International Construction, Roles and Professions, Stakeholder Management, Risk Management, Engineering Principles, Geographical Context, Research Practice, Health and Safety, Business Strategy |
| Descriptive scope: | 4 PCEA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here