Developing a multidimensional performance measurement framework for international construction joint ventures (ICJVs): the perspective of Ghana-hosted ICJVs' practitioners
Engineering, Construction and Architectural Management
ISSN: 0969-9988
Article publication date: 19 June 2023
Abstract
Purpose
International construction joint ventures (ICJVs) will fully realize their potential for success and effectively monitor performance when an adequate and suitable performance benchmark is established. However, existing studies fall short of adequately providing a mutually acceptable benchmark for assessing the performance of ICJVs. This study aims to develop an adequate and suitable performance measurement framework for ICJVs.
Design/methodology/approach
A twofold structured questionnaire survey, supplemented by semi-structured interviews, was used to collect data from the practitioners of ICJVs hosted in the developing country of Ghana. The data were analyzed by using descriptive statistics, confirmatory factor analysis (CFA) and a hybrid-fuzzy logic approach.
Findings
A list of 30 performance indicators (PIs), defined by project performance, perceived satisfaction, company/partner performance, socio-environmental performance and performance of ICJV management, was validated and proved to be significant. Only 22 out of the 30 PIs, focusing on project efficiency, societal improvement and organizational goals are realized by the ICJV practitioners. Further, suitable determinants and viable quantitative ranges for measuring each PI are established to prevent different interpretations of the meanings of PIs and objectively express the level of success in quantitative terms. The results call for further investigation of the convergence between the practice of and research into some PIs (e.g. socio-environmental performance) and a range of different performance levels (PLs) in a more scientific manner.
Practical implications
This study not only advances the knowledge base and practice of performance measurement in ICJVs but could also assist stakeholders and decision-makers to assess, compare and monitor the performance of different ICJV projects on common grounds objectively.
Originality/value
This study not only comprehensively assessed PIs – what to measure – but also systematically determined suitable determinants – how to measure – for each PI.
Keywords
Acknowledgements
This research paper is a component of a larger Ph.D. research project investigating the determinants of success for international construction joint ventures in Ghana. The authors acknowledge that other papers published with related topics and varying goals and scopes have a similar foundation and methodology to this one. The authors wish to thank the Department of Building and Real Estate of the Hong Kong Polytechnic University for funding this research. Special thanks also go to the Ghanaian partners and their foreign partners of ICJVs who participated in the questionnaire survey and interview and to Mr. Robert Quansah-Opirim for invaluable assistance in the data gathering. Finally, credit is owed to the editors and anonymous reviewers who contributed to the improvement of this paper by the insightful comments and suggestions.
Citation
Tetteh, M.O., Chan, A.P.C., Darko, A., Özorhon, B. and Adinyira, E. (2023), "Developing a multidimensional performance measurement framework for international construction joint ventures (ICJVs): the perspective of Ghana-hosted ICJVs' practitioners", Engineering, Construction and Architectural Management, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/ECAM-08-2022-0739
Publisher
:Emerald Publishing Limited
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