Factors affecting construction joint ventures in China

Gale, Andrew W; Jun, Luo

doi:10.1016/s0263-7863(03)00012-7

Cited by 74 publications

(53 citation statements)

References 20 publications

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“…Most critical risk factors exist in the JV partners finance, government policies, economic conditions, and project relationship (Bing et al, 1999). In addition, the difference in management systems, technological practice, and cultural background among the partners within joint ventures also contribute to the function of JV (Gale and Luo, 2004). These factors thus need to be addressed throughout the implementation of JV to reduce the likelihood and impact level of the risks.…”

Section: Literature Reviewmentioning

confidence: 99%

“…In this stage, project managers encountered with numerous risk factors. According to Gale and Luo (2004), startup stage contains important factors that lead to success or failure of a project. The startup stage of project can be subdivided into two phases: beginning and formation phase.…”

Section: Assess the Risk Factors Throughout The Lifecycle Of Icjv Promentioning

confidence: 99%

“…This is because it is currently affected by complex situation of inflation (E3.3), high interest rates (E3.4), and economic fluctuation (E3.1), which is a major challenge for managing any ICJV projects. According to Gale and Luo (2004), more than 84% samples reported that the rights, responsibilities, and obligations of both parties were clearly defined in their JV agreement. However, these were not accurate with the current situation in Vietnam, leading to the disagreement in the allocation of staff position, inadequate organization structure, and even difficulty for implementation of ICJV upon the policy changes in partner's parent company (Sy and Likhitruangsilp, 2011).…”

Section: Assess the Risk Factors Throughout The Lifecycle Of Icjv Promentioning

confidence: 99%

“…Conflicts could arise during negotiation, and if the parties cannot reach an agreement, ICJV cannot be continued. Moreover, according to Gale and Luo (2004), more than 70% of partners in JV had no previous relationship with each other before the negotiations to establish JV. The degree of risk Therefore, it is very difficult in cooperation among the partners of ICJV.…”

Section: Trend Analysis In Different Stages Of Icjv Projectsmentioning

confidence: 99%

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Risk assessment for international construction joint ventures in Vietnam

2017

Int. j. adv. appl. sci

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Joint venture (JV) form has been adopted in construction industries worldwide because of the huge benefits, one of which is that foreign companies can share their work experiences and resources with local companies that understand cultural, political, and legal factors in their countries well. Even though JV is an attractive option for international construction business management, it is also extremely risky due to size, complexity, and multifaceted operations of JV projects. The objective of this study is to assess risk factors affecting three performance stages of international construction joint venture (ICJV) projects in Vietnam namely Startup, Operation, and Dismantle. Based on the findings through questionnaire surveys and in-depth interviews, critical risk factors were first identified and compared among three stages to appreciate their differences and similarities. Finally, the results of this paper were (a) the characteristics of risk factors in each stage, (b) startup stage of ICJV contained many potential risk factors should be most concerned, and (c) trend analysis in different stages of ICJV projects.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Assess the Risk Factors Throughout The Lifecycle Of Icjv Promentioning

confidence: 99%

Section: Assess the Risk Factors Throughout The Lifecycle Of Icjv Promentioning

confidence: 99%

Section: Trend Analysis In Different Stages Of Icjv Projectsmentioning

confidence: 99%

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Risk assessment for international construction joint ventures in Vietnam

2017

Int. j. adv. appl. sci

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“…OG'ler yap-işlet-devret, yap-sahiplen-işlet, yap-sahiplen-işlet-devret modeli ile projeler üstlenmek üzere konsorsiyum oluşturulan inşaat sektöründe yaygın olmasına rağmen, UOG'ler üzerine olan güncel çalışmalar çoğunlukla imalat sanayi üzerinde yoğunlaşmaktadır. İnşaat sektöründe UOG'lerin riskleri konusunda yürütülen birkaç çalışma [6,7] ve UOG'lerin performansını etkileyen faktörlerin belirlenmesi üzerine yapılmış çalışmalar [8,9] dışında inşaat sektöründe UOG teorileri görgül olarak çok az araştırılmıştır. Ayrıca, Chan ve Tse [10] tarafından yürütülen bir çalışmada da uluslararası inşaat projelerinin yönetimini etkileyen önemli konulardan biri olan kültür konusunun büyük ölçekte araştırılmasının gerekliliği belirtilmiştir.…”

Section: Introductionunclassified

Uluslararası Ortak Girişimlerin Başarısında Kültürel Uyumun Etkisinin İncelenmesi

Özorhon¹,

Altun²

2017

Teknik Dergi

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ÖZUluslararası ortak girişimler (UOG) stratejik bir alternatif olarak küresel rekabette büyük bir önem taşımaktadır. Farklı ülkelerden ortakların kurduğu girişimlerde, kültürel farklılıklar daha düşük performansa neden olabilmektedir. Bu çalışmanın başlıca amacı ulusal ve kurumsal kültür açısından ortakların uyumunun UOG performansı üzerindeki etkisini araştırmaktır. Bu kapsamda, Türkiye Müteahhitler Birliği (TMB) üyesi olan orta ve büyük ölçekli yüklenicilerin katılımıyla bir anket çalışması yapılmıştır. Elde edilen toplam 68 projeye ait veri regresyon ve korelasyon analizi kullanılarak incelenmiştir. Türk firmalarının yabancı ortakları ile aralarındaki kurumsal ve ulusal kültür uyumu hesaplanmıştır. Kurumsal kültürün ulusal kültüre nazaran performansı etkilemekte daha baskın olduğu gözlemlenmiştir.Anahtar Kelimeler: Uluslararası inşaat, ortak girişimler, kültürel uyum, performans. ABSTRACT Investigation of the Effect of Cultural Adaptation on International Joint Venture PerformanceInternational joint ventures (IJVs) have a great importance as a strategic alternative in global competition. Cultural differences between partners from different countries may cause lower performance levels in such ventures. The major objective of this study is to investigate the influence of national and organizational culture adaptation of partners on the IJV performance. In this respect, a questionnaire survey was administered to medium to large scale contractors, thgat are members of the Turkish Contractors Association (TCA). A total of 68 project data was studied using regression and correlation analysis. Organizational and national culture adaptation between Turkish firms and their foreign partners was calculated. It is observed that compared to the national culture, organizational culture has a more significant effect on the IJV performance.

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Determinants of Coopetition Relationships in International Joint Ventures for High-Speed Rail Projects

Niu

et al. 2022

KSCE J Civ Eng

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Factors affecting construction joint ventures in China

Cited by 74 publications

References 20 publications

Risk assessment for international construction joint ventures in Vietnam

Risk assessment for international construction joint ventures in Vietnam

Uluslararası Ortak Girişimlerin Başarısında Kültürel Uyumun Etkisinin İncelenmesi

Determinants of Coopetition Relationships in International Joint Ventures for High-Speed Rail Projects

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