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Political Risk Paths in International Construction Projects: Case Study from Chinese Construction Enterprises
Joint Authors
Chang, Tengyuan
Hwang, Bon-Gang
Deng, Xiaopeng
Zhao, Xiaojing
Source
Issue
Vol. 2018, Issue 2018 (31 Dec. 2018), pp.1-11, 11 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2018-08-07
Country of Publication
Egypt
No. of Pages
11
Main Subjects
Abstract EN
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.
American Psychological Association (APA)
Chang, Tengyuan& Deng, Xiaopeng& Hwang, Bon-Gang& Zhao, Xiaojing. 2018. Political Risk Paths in International Construction Projects: Case Study from Chinese Construction Enterprises. Advances in Civil Engineering،Vol. 2018, no. 2018, pp.1-11.
https://search.emarefa.net/detail/BIM-1116469
Modern Language Association (MLA)
Chang, Tengyuan…[et al.]. Political Risk Paths in International Construction Projects: Case Study from Chinese Construction Enterprises. Advances in Civil Engineering No. 2018 (2018), pp.1-11.
https://search.emarefa.net/detail/BIM-1116469
American Medical Association (AMA)
Chang, Tengyuan& Deng, Xiaopeng& Hwang, Bon-Gang& Zhao, Xiaojing. Political Risk Paths in International Construction Projects: Case Study from Chinese Construction Enterprises. Advances in Civil Engineering. 2018. Vol. 2018, no. 2018, pp.1-11.
https://search.emarefa.net/detail/BIM-1116469
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1116469