Proceedings of International Association of P2M
Online ISSN : 2432-0382
ISSN-L : 2432-0382
2021 Autumn
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Factors for Success or Failure of International Construction Joint Ventures- Review Literature
*Kazuto OtaniAkira Kamoshida
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Pages 1-19

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Abstract

Since 2015, Japanese engineering companies have executed contracts for plant construction Projects(PJs) in the United States and other countries through international construction joint ventures with peer companies in the partner country, but PJs in the United States have failed, and those outside the United States have almost succeeded. The fact that can be said was seen. Regarding the impact of IJV on results, we reviewed previous studies from the perspective of (1) IJV organizational management (2) risk management (3) consensus building in different cultures. From those perspectives, it was shown that information sharing and consensus building within the JV have an impact on success or failure. However, the mechanism is not simple and includes many mediating and interacting effects between explanatory variables. Based on the reviews of these existing studies, as a future study, it is necessary to clarify an analysis model that integrates the above three viewpoints and clarify it by the organizational governance of IJV as a factor analysis of success / failure of IJV.

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