Research Article
Empirical Study on the Obstacles to the Success of Joint Ventures in Construction Projects
Table 1
Variables identified in the literature.
| | No. | Variables (potential obstacles) | Munns et al. [22] | Shen et al. [13] | Hung et al. [37] | Mohamed [38] | Walker and Johannes [6] | Mclntosh and McCabe [39] | Zhang and Zou [20] | Ozorhon et al. [9] | Kim et al. [40] |
| | V1 | Lack of knowledge about the joint venture contracting method | N | N | N | N | N | N | N | Y | N |
| | V2 | Conflicts of interest among the parties outside the CJV agreement | N | Y | N | N | N | Y | Y | N | Y |
| | V3 | Inconsistent project objectives among CJV team members | N | Y | Y | N | N | N | N | N | Y |
| | V4 | Lack of mutual understanding among CJV team members | N | N | N | N | Y | N | N | N | N |
| | V5 | Lack of mutual trust among CJV contracting parties | Y | Y | Y | N | Y | N | Y | N | N |
| | V6 | Lack of communication among CJV contracting parties | Y | N | Y | N | N | Y | Y | N | N |
| | V7 | Incompatible organizational cultures among CJV contracting parties | N | Y | Y | Y | Y | Y | Y | Y | N |
| | V8 | Inconsistent management styles among CJV contracting parties | N | N | Y | N | N | N | N | N | N |
| | V9 | Differences in organizational policies among CJV contracting parties | N | N | Y | N | Y | N | N | N | N | | V10 | Inflexibility of JV organizational operations | N | N | Y | N | N | N | N | N | N |
| | V11 | Unfair gain share/pain share among CJV contracting parties | N | N | N | N | N | Y | N | Y | N |
| | V12 | Lack of mutual agreement on conflict resolution mechanisms among CJV contracting parties | N | N | N | Y | N | N | N | N | N |
| | V13 | Lack of entire management control over CJV partners | N | Y | N | Y | N | N | N | N | Y |
| | V14 | Lack of strategic planning for CJV operation | N | N | Y | N | N | N | N | N | N |
| | V15 | Difficulties with CJV financial administration | N | N | N | Y | N | N | N | N | N |
| | V16 | Lack of top management support for creating the right work atmosphere throughout the CJV contracting process | N | N | N | Y | N | N | N | N | N |
| | V17 | Conflicts in the distribution and execution of authority | N | N | N | N | Y | N | Y | N | Y |
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