Ozorhon, B; Arditi, D; Dikmen, I and Birgonul, M T (2011) Toward a multidimensional performance measure for international joint ventures in construction. Journal of Construction Engineering and Management, 137(6), pp. 403-411. ISSN 0733-9364
Abstract
Measuring the performance of joint ventures has been an important research topic for a few decades. No consensus on an appropriate definition and measurement of performance of international joint ventures (IJVs) has yet emerged, and the validity of the underlying measures is still questionable. In this study, the construct validity of measures that define IJV performance in construction is evaluated using data obtained through a questionnaire survey. A second-order performance construct is proposed, which is measured by means of project performance, partner performance, performance of IJV management, and perceived satisfaction with IJV. The validity of the performance measures is evaluated by means of tests that assess content validity, reliability, and convergent and discriminant validity. The findings reveal that all proposed indicators are valid measures of IJV performance and that they correspond to different dimensions of performance. This research is expected to trigger further work on developing a multidimensional performance measure for IJVs in construction. In addition, the findings can help practitioners reflect on how they operate and measure the success of their IJVs.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | joint ventures; performance characteristics |
| Index terms: | validity, satisfaction, joint venture, dimension, project performance, survey, performance measure, questionnaire, practitioner |
| Subjects: | performance measurement, project management theory and practice, business, evaluation and assessment methods, data collection methods, practitioner, project delivery, health monitoring assessment and metrics |
| Topics: | Quality Management, Health and Safety, Business Strategy, Research Practice, Project Management, Roles and Professions |
| 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