Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/89303
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Title: Factors affecting international construction joint ventures : a systematic literature review
Authors: Tetteh, MO 
Chan, APC 
Darko, A 
Nani, G 
Issue Date: 2020
Source: International journal of construction management, 2020, DOI: 10.1080/15623599.2020.1850203
Abstract: International construction joint ventures (ICJVs) have become an important way of exploiting business opportunities for construction companies worldwide. Yet, several barriers and risk factors contribute to their failure. This study aims to identify the barrier and risk factors affecting ICJVs through the lens of a systematic review methodology. Findings from 43 peer-reviewed articles showed an increasing publication trend for the past three decades (1990–2020). The bulk of the studies were conducted in Asia and Europe, particularly China and the UK, respectively. Overall, 37 barrier factors were identified, and these fall into six categories, namely, inter-organizational differences, lack of expertise and confidence, lack of effective planning and strategies, lack of knowledge of ICJV’s fundamentals, conflicts, and management difficulties. Next, 53 risk factors were identified and grouped into six, namely, policy and political risks, legal risks, financial risks, management risks, project and technical risks, and market risks. More importantly, knowledge gaps in existing studies are highlighted and future research directions are then proposed. The list of failure factors creates a valuable frame of reference for researchers and practitioners to develop more reliable, comprehensive, and proactive management strategies for ICJVs.
Keywords: International construction joint ventures
Barrier factors
Risk factors
Construction management
Literature review
Publisher: Taylor & Francis
Journal: International journal of construction management 
ISSN: 1562-3599
EISSN: 2331-2327
DOI: 10.1080/15623599.2020.1850203
Rights: © 2020 Informa UK Limited, trading as Taylor & Francis Group
This is an Accepted Manuscript of an article published by Taylor & Francis in International Journal of Construction Management on 10 Dec 2020 (Published online), available online: http://www.tandfonline.com/10.1080/15623599.2020.1850203
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