The Impact of External Risks on International Construction Project Success: Evidence from Commonwealth Caribbean Islands

IF 0.8 Q4 CONSTRUCTION & BUILDING TECHNOLOGY

Journal of Construction in Developing Countries Pub Date : 2022-01-01 DOI:10.21315/jcdc-07-21-0106

Hernán Parra, Alexander Zuñiga-Collazos, Luis Fernando Cruz-Caicedo

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引用次数: 0

Abstract

Because risks on international construction show region to region variation, the present study investigates the impact of external risks on international construction project (ICP) success and the relationships between them, from the perspective of construction professionals working in the Commonwealth Caribbean Island (CCI) states. After a literature review, a survey questionnaire was designed with the input of a small group of experts. An instrument was tested and then sent to construction professionals working in the CCI. Seventy valid surveys collected were processed using the structural equation model (SEM). The results suggest CCI be an attractive region for construction enterprises looking into developing countries because they do not support a direct impact of external risks on project success, contrary to findings in other studies on developing regions. The SEM confirmed that global risks influence economic risks, economic risks influence legal risks, and economic risks influence social risks in this region. Results obtained help address a knowledge gap for ICP risks for the Caribbean region. The study will help firms and professionals looking to venture into the CCI, or other regions with similar characteristics, to create their risk management plan.

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外部风险对国际建设项目成功的影响:来自英联邦加勒比群岛的证据

由于国际建设风险表现出地区间的差异，本研究从英联邦加勒比岛(CCI)国家的建筑专业人员的角度，研究外部风险对国际建设项目(ICP)成功的影响及其之间的关系。在文献回顾后，设计了一份调查问卷，并由一小群专家输入。仪器经过测试，然后发给在CCI工作的建筑专业人员。采用结构方程模型(SEM)对收集到的70份有效问卷进行处理。研究结果表明，CCI地区对着眼于发展中国家的建筑企业来说是一个有吸引力的地区，因为它们不支持外部风险对项目成功的直接影响，这与其他关于发展中地区的研究结果相反。SEM确认全球风险影响经济风险，经济风险影响法律风险，经济风险影响本地区社会风险。获得的结果有助于解决加勒比地区ICP风险方面的知识差距。这项研究将帮助有意进入CCI或其他具有类似特征的地区的公司和专业人士制定风险管理计划。

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

Journal of Construction in Developing Countries CONSTRUCTION & BUILDING TECHNOLOGY-

CiteScore

1.50

自引率

0.00%

发文量

审稿时长

20 weeks

期刊介绍： The Journal of Construction in Developing Countries seeks to provide a central vehicle for the exchange and dissemination of knowledge on issues relevant to the built environment of developing countries. The journal provides a wide range of original research an application papers on current developments and advances in the built environment as well as the economic, social, cultural and technological contexts of developing countries. It also publishes detailed case studies, as well as short communications and discussions. Topics covered include, but are not restricted to planning, urban economics, rural and regional development, housing, management and resource issues, sustiainability, knowledge and technology transfer, construction procurement, facilities management, information an communication technologies, strategies and policy issues, design issues, conservation and environmental issues.