Research trend of joint ventures in construction: a two-decade taxonomic review

Abstract

Purpose -This paper aims to systematically and critically explore the research trend of construction joint ventures (CJVs) in some selected leading construction journals over the past two decades between 1993 and 2012. It is also expected that some valuable insights into the extended application of JVs to facilities service management and maintenance could be generated from the research findings.Design/methodology/approach -A powerful search engine "Scopus" was selected to identify those journals that have published CJV related articles. Papers related to CJVs, as retrieved from the selected journals, were firstly classified based on their relevance to CJV study and were then analyzed in terms of the annual number of CJV related publications, research focus of CJV studies and the applied research methods and techniques. Future research directions are suggested to enrich and add value to the extant literature about CJVs.Findings -An apparent increasing trend of research on CJVs has been witnessed over the past two decades. A critical analysis of the two-decade research outputs indicated that research topics of CJVs published in the selected journals consist of several key areas: (1) theory and model development; (2) motives, benefits and other strategic demands of application; (3) performance measurement or management; (4) risk assessment or management; (5) influential factors for practice; (6) problematic issues and challenges in practice; and (7) Managerial practices of CJVs in the industry. This study also identified that the research methods employed in CJV studies are predominantly questionnaire survey, case study, literature review/analysis, and interview. Research techniques applied in CJV studies were classified into seven main groups, with rank-order analysis, structural equation modelling and regression analysis being the three mostly adopted analytical tools.Research limitations/implications -The critical review of CJV literature reveals several inherent limitations of the existing research and practices of CJVs, The research findings also help visualize future research directions associated with the identification of barriers to the adoption and successful operation of CJVs, investigation of the appropriateness and effectiveness of CJV contracting strategies, and exploration into possible strategies for improving the industrial applications in future. This is the Pre-Published Version. Journal of Facilities Management (Final Accepted Manuscript), Volume 12, Issue 2, May 2014, Pages 118-141 2 Originality/value -Joint Ventures have been extensively used in the construction sector, which calls for the need of more rigorous and meaningful research to guide the appropriate and effective use of it. The findings of this taxonomic review could provide useful insights towards researchers into shaping their research foci under the umbrella of CJVs to suit the demands of both the literature base and the real construction market.

Critical success factors influencing performance outcome of joint venture construction projects in South Africa: Comparison of first and second order models

“…It is imperative for the agreement to be comprehensive and the fair setting out of the obligations, rights, risks and rewards for the partners (CIDB, 2004). This sentiment has been supported in the previous discourse of Hong et al, (2014); Kale et al, (2013); Hyun et al, (2013); Adnan et al, (2003) and Miller, (n.d.). Adnan et al, (2003) suggested that a good JV agreement is essential and can avoid a great deal of trouble and conflict in future JV operations.…”

“…However, Manitshana (2012) study did not determine the influence of these CSFs to JV project success outcome in South Africa. Furthermore, Manitshana's (2012) CSFs differed from other researchers (Hong and Chan, 2014;Kale, Patil, Hiravennavar, and Kamane, 2013;Hyun and Ahn, 2013;Lambe, Spekman, and Hunt, 2011). Further, in a current study by Adnan et al, (2018) they identified seven (7) CSFs, which include inter-partner trust, criteria for partner selection, mutual understanding, agreement of contract, conflict, compatibility of objective, and management control.…”

Review of Barriers to Green Building Adoption

“…Elsevier's Scopus has been used in similar reviews (e.g. Hong and Chan, 2014;Osei-Kyei and Chan, 2015) and it has a better accuracy and precision in performance than other search engines (such as Web of Science and Google Scholar) (Falagas et al, 2008). Tober (2011) also contended that Scopus is the best and most effective search engine for conducting a review of a topic.…”

Review of studies on the Critical Success Factors for Public–Private Partnership (PPP) projects from 1990 to 2013

“…The lists of publications were obtained by using a powerful search engine "Scopus" for a comprehensive search on the subject area. The Scopus search engine was chosen because it covers most publication databases in different research areas such as engineering, business, management, and accounting (Hong and Chan, 2014). Also, Scopus has been considered to perform better with respect to its accuracy and coverage than other search engines such as Web of Science, Google Scholar and PubMed (Falagas et al, 2008).…”