Modeling the performance of international construction joint ventures

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International joint ventures (IJVs) have become popular because of their
importance as a strategic alternative in global competition. Construction
companies consider IJVs as a vehicle to enter new markets and exploit business
opportunities. Being a special type of strategic alliance, IJVs offer partnering
companies to combine the distinctive competencies and the complementary
resources. Despite the benefits associated with IJVs, such entities are very
difficult to manage mainly due to their inherent complexity, involving a mixture
of different cultures, managerial systems, philosophies, and attitudes. As a result
of these difficulties, the failure rate of IJVs is generally high. Therefore,
measurement of the performance of IJVs has been an important research topic
for a few decades. However there is no consensus on an appropriate definition of
the indicators and determinants of IJV performance in construction.
In this study, a framework is proposed to model the IJV performance in
construction industry. A multi-dimensional performance measure is developed
and determinants influencing the level of performance are defined. In this
context, a questionnaire survey was administered to Turkish construction
companies that have established IJVs with foreign partners. The validity of the
proposed drivers and measures of performance is investigated and relationships
between them are analyzed using the structural equation modeling technique.
The results point out the significance of the inter-partner fit and the quality of
partner relations for a successful IJV operation. The findings of the study also
suggest that project-related factors have a moderate influence on IJV
performance. In a properly designed IJV structure, partners with compatible
skills, resources, and cultures are found to maintain good relations and are
expected to achieve greater IJV success.

Beliz Özorhon
Modeling the performance of international construction joint ventures · 2007 · 218 sayfa.
Danışman: Doç. Dr. İrem Dikmen Toker ; Prof. Dr. Mustafa Talat Birgönül
Bu araştırmanı devamına: http://tez2.yok.gov.tr/tez.htm adresinden ulaşabilirsiniz.