Political risk and project success: mediating mechanism and interacting effect

Q3 Business, Management and Accounting

International Journal of Business Excellence Pub Date : 2023-01-01 DOI:10.1504/ijbex.2023.133495

Namra Mubarak, Jabran Khan, Jamshed Ali Turi, Robina Yasmin

引用次数: 0

Abstract

Complexities bring risks in projects. Political risk involves political instability in the project domain, and lessens the chances of return on investment. In this study, we aim to investigate the impact of the political risk on project success. Data were collected from project-based organisations (information technology, construction and other developmental projects) operating in Islamabad and Rawalpindi. Confirmatory factor analysis was used to test model fitness. Results of the study suggest that political risk has an astounding effect on project industry and negatively effects manager's stress resulting in project failure. But, if there is some risk avoidance strategy against political risk adopted by the manager, then the stress of the manager will also be lessened with fewer chances of project failure. Theoretical and practical implications are discussed.

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政治风险与项目成功:中介机制与交互效应

复杂性给项目带来了风险。政治风险涉及项目领域的政治不稳定，降低了投资回报的机会。在本研究中，我们旨在探讨政治风险对项目成功的影响。数据是从在伊斯兰堡和拉瓦尔品第运营的以项目为基础的组织(信息技术、建筑和其他发展项目)收集的。采用验证性因子分析检验模型的适应度。研究结果表明，政治风险对项目行业具有惊人的影响，并对管理者的压力产生负面影响，导致项目失败。但是，如果管理者对政治风险采取了一定的风险规避策略，那么管理者的压力也会减轻，项目失败的几率也会降低。讨论了理论和实践意义。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Business Excellence Business, Management and Accounting-Business and International Management

CiteScore

1.60

自引率

0.00%

发文量

期刊介绍： Business excellence relies heavily on the type of strategies, techniques and tools for measuring and benchmarking the business performance. Subsequently, identifying best practices and their implementation eventually decides excellence in business. Given the importance of business excellence, a journal devoted to performance evaluation and best practices, especially in order to be competitive in the global market, is essential. IJBEX addresses new developments in business excellence and best practices, and methodologies to determine these in both manufacturing and service organisations. Topics covered include: -Performance measures and metrics in business management- Methodologies and tools for performance measurement- Benchmarking business performance- Business excellence in various functional areas- Best practices in business management- World class business and operational strategies and techniques- Alignment between different levels of strategies- Understanding the customer requirements- Process design and management- Knowledge management for improved performance- Systems approach for determining the best practices- Six-Sigma, QFD, Taguchi methods and TQM- Data warehousing and data mining in business excellence- Measuring performance in creative industries- Best practices in creative economy and industries