Inter-Partner Fit And Performance In Construction Joint Venture

作者：Chen Hua, Sun Wah Poon, FF Ng · 发表于：Proceedings of the Joint CIB W78, W102, ICCCBE, ICCC, and DMUCE International Conference on Computing and Decision Making in Civil and Building Engineering, Montreal, Canada, 14-16 June · 年份：2006 · 研究领域：Outsourcing and Supply Chain Management、Innovation and Knowledge Management、Corporate Finance and Governance

While the linkage between inter-partner fit and joint venture performance has been loosely articulated by previous researchers, there was a lack of conceptualization and operationalization for inter-partner fit. Derived from the thoughts of strategic fit and organizational fit from management theories, this paper argued that inter-partner fit is a multidimensional concept consisting of the compatibility among the partners’ goals, complementary contribution of critical resources, and the coherence of partners’ culture. Higher level of inter-partner fit indicates a better joint venture performance. Data of 41 construction joint venture projects in Hong Kong were collected and analyzed for testing the hypotheses. Results suggest that cultural coherence could be better interpreted by two factors: cultural similarity and cultural synergy. The positive relationships between partners’ goal compatibility, complementary resource, cultural synergy and construction joint venture (CJV) performance have been supported. Inter-partner fit explained 31-37% of CJV performance variance. Theoretical and managerial implications were discussed.