Risk Misallocation in Public-Private Partnership Projects in China

Ke, Y; Wang, SQ; Chan, APC

Risk Misallocation in Public-Private Partnership Projects in China

Ke, Y

Wang, SQ Chan, APC

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Publication Type:: Journal Article
Citation:: International Public Management Journal, 2013, 16 (3), pp. 438 - 460
Issue Date:: 2013-07-01

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Field	Value	Language
dc.contributor.author	Ke, Y https://orcid.org/0000-0003-3426-703X	en_US
dc.contributor.author	Wang, SQ	en_US
dc.contributor.author	Chan, APC	en_US
dc.date.issued	2013-07-01	en_US
dc.identifier.citation	International Public Management Journal, 2013, 16 (3), pp. 438 - 460	en_US
dc.identifier.issn	1096-7494	en_US
dc.identifier.uri	http://hdl.handle.net/10453/117028
dc.description.abstract	This article attempts to compare the preferred and actual risk allocation and then to evaluate the impact of risk misallocation (if any) on project performance. The results show a significantly negative relationship between project performance and risk misallocation. The smaller the degree of risk misallocation was, the more successful the project would be. One group of three risks (including "Corruption," "Government's intervention," and "Government's reliability") and the other group of three risks (including "Approval and permit," "Immature juristic system," and "Land acquisition") were found to contribute considerably to the prediction of project performance. This article provides information on the impact of risk misallocation on project performance in China's public-private partnership (PPP) projects. To enter and perform well in China's PPP market, private firms should pay particular attention to the identified risks. © 2013 Copyright Taylor and Francis Group, LLC.	en_US
dc.relation.ispartof	International Public Management Journal	en_US
dc.relation.isbasedon	10.1080/10967494.2013.825508	en_US
dc.subject.classification	Political Science & Public Administration	en_US
dc.title	Risk Misallocation in Public-Private Partnership Projects in China	en_US
dc.type	Journal Article
utslib.citation.volume	3	en_US
utslib.citation.volume	16	en_US
utslib.for	1605 Policy and Administration	en_US
utslib.for	1503 Business and Management	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
utslib.copyright.status	closed_access
pubs.issue	3	en_US
pubs.publication-status	Published	en_US
pubs.volume	16	en_US

Abstract:

This article attempts to compare the preferred and actual risk allocation and then to evaluate the impact of risk misallocation (if any) on project performance. The results show a significantly negative relationship between project performance and risk misallocation. The smaller the degree of risk misallocation was, the more successful the project would be. One group of three risks (including "Corruption," "Government's intervention," and "Government's reliability") and the other group of three risks (including "Approval and permit," "Immature juristic system," and "Land acquisition") were found to contribute considerably to the prediction of project performance. This article provides information on the impact of risk misallocation on project performance in China's public-private partnership (PPP) projects. To enter and perform well in China's PPP market, private firms should pay particular attention to the identified risks. © 2013 Copyright Taylor and Francis Group, LLC.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/117028