Developing a multidimensional performance measurement framework for international construction joint ventures (ICJVs): the perspective of Ghana-hosted ICJVs' practitioners

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.

Publication DOI: https://doi.org/10.1108/ECAM-08-2022-0739
Divisions: College of Engineering & Physical Sciences > School of Infrastructure and Sustainable Engineering
College of Engineering & Physical Sciences > School of Infrastructure and Sustainable Engineering > Civil Engineering
Additional Information: Copyright © 2023, Emerald Publishing Limited. This author's accepted manuscript is deposited under a Creative Commons Attribution Non-commercial 4.0 International (CC BY-NC) licence. This means that anyone may distribute, adapt, and build upon the work for non-commercial purposes, subject to full attribution. If you wish to use this manuscript for commercial purposes, please contact permissions@emerald.com.
Uncontrolled Keywords: Determinants,Indicators,International construction joint ventures,Performance level,Performance measures,Quantitative range,General Business,Management and Accounting,Building and Construction,Civil and Structural Engineering,Architecture
Publication ISSN: 0969-9988
Last Modified: 18 Jul 2024 16:22
Date Deposited: 08 Sep 2023 15:29
Full Text Link:
Related URLs: https://www.eme ... -0739/full/html (Publisher URL)
PURE Output Type: Article
Published Date: 2023-06-19
Published Online Date: 2023-06-19
Accepted Date: 2023-04-23
Authors: Tetteh, Mershack Opoku (ORCID Profile 0000-0002-9226-3451)
Chan, Albert P.C.
Darko, Amos
Özorhon, Beliz
Adinyira, Emmanuel

Download

Export / Share Citation


Statistics

Additional statistics for this record