Political Risk Paths in International Construction Projects: Case Study from Chinese Construction Enterprises
International construction enterprises (ICEs) have been plagued with political risks in the global market. To ensure the success of political risk management, it is necessary to comprehend the political risks in international construction projects. This study aims at exploring the political risk pat...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Wiley
2018-01-01
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| Series: | Advances in Civil Engineering |
| Online Access: | http://dx.doi.org/10.1155/2018/6939828 |
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| _version_ | 1832566864874569728 |
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| author | Tengyuan Chang Xiaopeng Deng Bon-Gang Hwang Xiaojing Zhao |
| author_facet | Tengyuan Chang Xiaopeng Deng Bon-Gang Hwang Xiaojing Zhao |
| author_sort | Tengyuan Chang |
| collection | DOAJ |
| description | International construction enterprises (ICEs) have been plagued with political risks in the global market. To ensure the success of political risk management, it is necessary to comprehend the political risks in international construction projects. This study aims at exploring the political risk paths in international construction projects. The preliminary political risk factors and paths were proposed from the literature review. A survey questionnaire was developed to collect political risk cases faced by Chinese construction enterprises (CCEs) performing international construction projects, and 264 valid cases were received and analyzed for this study. Adopting the confirmatory factor analysis (CFA) method, 6 macrofactors (“sociopolitical stability” (A), “legal and regulatory” (B), “social safety” (C), “economy performance” (D), “attitude towards foreigners” (E), and “international environment” (F)) and 2 microfactors (“low exposure” (G) and “capability of enterprises” (H)) were identified. Moreover, the results of path analysis illustrated that 7 factors (A, B, C, D, E, G, and H) had the significant direct negative effect on “risk consequences” and 3 factors (A, D, and F) had the indirect negative effect on “risk consequences.” The findings from this study help practitioners gain an in-depth understanding of political risks in international construction projects and provide a useful reference for ICEs to manage political risks when venturing outside their home countries. |
| format | Article |
| id | doaj-art-f1696a05c20c4b288f72f140348301c3 |
| institution | Kabale University |
| issn | 1687-8086 1687-8094 |
| language | English |
| publishDate | 2018-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Advances in Civil Engineering |
| spelling | doaj-art-f1696a05c20c4b288f72f140348301c32025-02-03T01:02:58ZengWileyAdvances in Civil Engineering1687-80861687-80942018-01-01201810.1155/2018/69398286939828Political Risk Paths in International Construction Projects: Case Study from Chinese Construction EnterprisesTengyuan Chang0Xiaopeng Deng1Bon-Gang Hwang2Xiaojing Zhao3School of Civil Engineering, Southeast University, Si Pai Lou, Nanjing 210096, ChinaSchool of Civil Engineering, Southeast University, Si Pai Lou, Nanjing 210096, ChinaDepartment of Building, National University of Singapore, 4 Architecture Drive, 117566, SingaporeDepartment of Building, National University of Singapore, 4 Architecture Drive, 117566, SingaporeInternational construction enterprises (ICEs) have been plagued with political risks in the global market. To ensure the success of political risk management, it is necessary to comprehend the political risks in international construction projects. This study aims at exploring the political risk paths in international construction projects. The preliminary political risk factors and paths were proposed from the literature review. A survey questionnaire was developed to collect political risk cases faced by Chinese construction enterprises (CCEs) performing international construction projects, and 264 valid cases were received and analyzed for this study. Adopting the confirmatory factor analysis (CFA) method, 6 macrofactors (“sociopolitical stability” (A), “legal and regulatory” (B), “social safety” (C), “economy performance” (D), “attitude towards foreigners” (E), and “international environment” (F)) and 2 microfactors (“low exposure” (G) and “capability of enterprises” (H)) were identified. Moreover, the results of path analysis illustrated that 7 factors (A, B, C, D, E, G, and H) had the significant direct negative effect on “risk consequences” and 3 factors (A, D, and F) had the indirect negative effect on “risk consequences.” The findings from this study help practitioners gain an in-depth understanding of political risks in international construction projects and provide a useful reference for ICEs to manage political risks when venturing outside their home countries.http://dx.doi.org/10.1155/2018/6939828 |
| spellingShingle | Tengyuan Chang Xiaopeng Deng Bon-Gang Hwang Xiaojing Zhao Political Risk Paths in International Construction Projects: Case Study from Chinese Construction Enterprises Advances in Civil Engineering |
| title | Political Risk Paths in International Construction Projects: Case Study from Chinese Construction Enterprises |
| title_full | Political Risk Paths in International Construction Projects: Case Study from Chinese Construction Enterprises |
| title_fullStr | Political Risk Paths in International Construction Projects: Case Study from Chinese Construction Enterprises |
| title_full_unstemmed | Political Risk Paths in International Construction Projects: Case Study from Chinese Construction Enterprises |
| title_short | Political Risk Paths in International Construction Projects: Case Study from Chinese Construction Enterprises |
| title_sort | political risk paths in international construction projects case study from chinese construction enterprises |
| url | http://dx.doi.org/10.1155/2018/6939828 |
| work_keys_str_mv | AT tengyuanchang politicalriskpathsininternationalconstructionprojectscasestudyfromchineseconstructionenterprises AT xiaopengdeng politicalriskpathsininternationalconstructionprojectscasestudyfromchineseconstructionenterprises AT bonganghwang politicalriskpathsininternationalconstructionprojectscasestudyfromchineseconstructionenterprises AT xiaojingzhao politicalriskpathsininternationalconstructionprojectscasestudyfromchineseconstructionenterprises |