Institutional environment & its impact on project performance-an investigation on construction firms in lahore, pakistan
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Date
2019
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Publisher
UMT Lahore
Abstract
Constructions industry in Pakistan is considered important with regard to its economic
development also for creating employment opportunities and social ties. Due to the
significance of CPEC in Pakistan, construction industry has experienced the dramatic
boom in the economy over last 2 years. In project’s performance the role and concept
of Institutional Environmental Factors has been extensively studied in previous
literatures. However, the analysis of these strategic constructs in construction firms
has been very limited. Still, there’s a gap present on the topic of institutional factors
with regard to project performance, this paper aims to address this gap. In this
research, I posit that Institutional Environmental Factors (IEFs) may have impact on
performance of the construction projects also there may be some factors that can
impede or promote the performance of these projects. A sample of some construction
firms’ management teams was gathered through questionnaires and using semi
structured interviews. Study results suggested that coercive & normative factors of
institutional environment have significant impact on the project performance with
respect to time delays and cost escalation whether mimetic factors have lessen impact.
This study also tries to assimilate the importance of institutional factors with the
policy making aspects of construction firms which can affect the performance of the
projects. Future implications and limitations of the study are also discussed.