Liability of Foreignness in Public-Private Partnership Projects

Kong, Z; Ma, H; Lv, K; Shi, JJ

Liability of Foreignness in Public-Private Partnership Projects

Kong, Z Ma, H Lv, K Shi, JJ

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Publisher:: American Society of Civil Engineers (ASCE)
Publication Type:: Journal Article
Citation:: JOURNAL OF CONSTRUCTION ENGINEERING AND MANAGEMENT, 2023, 149, (9), pp. 04023085
Issue Date:: 2023-09-01

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Field	Value	Language
dc.contributor.author	Kong, Z
dc.contributor.author	Ma, H
dc.contributor.author	Lv, K
dc.contributor.author	Shi, JJ
dc.date.accessioned	2024-05-13T03:48:23Z
dc.date.available	2024-05-13T03:48:23Z
dc.date.issued	2023-09-01
dc.identifier.citation	JOURNAL OF CONSTRUCTION ENGINEERING AND MANAGEMENT, 2023, 149, (9), pp. 04023085
dc.identifier.issn	0733-9364
dc.identifier.issn	1943-7862
dc.identifier.uri	http://hdl.handle.net/10453/178890
dc.description.abstract	With an increasing number of multinational enterprises (MNEs) participating in public-private partnership (PPP) projects worldwide, the liability of foreignness in project construction and management become a manifested research topic in both academia and practice. This study aims to explore the impact of MNE participation on the survival of PPP projects. A unified theoretical framework with internal governance and external institutional environment is elaborated, and a dataset of 4,336 projects in 121 developing countries is derived from the World Bank database to empirically verify our hypotheses. The findings suggest that MNE participation has a detrimental impact on PPP project survival. Additionally, such detrimental impact is mitigated by the two dimensions (regulatory quality, and rule of law) and intensified by two other dimensions (political stability and absence of violence, and control of corruption) of the institutional conditions in the host country. This study contributes to the body of knowledge in two ways: (1) it is one of the pioneer studies that shed light on the liability of foreignness in the context of PPP projects and enhances our understanding of the MNEs' impacts on infrastructure projects; and (2) it enriches the stream of research on project success/failure by linking MNE participation to project survival and revealing the contingencies of host country's institutional conditions in the complex global market.
dc.language	en
dc.publisher	American Society of Civil Engineers (ASCE)
dc.relation.ispartof	JOURNAL OF CONSTRUCTION ENGINEERING AND MANAGEMENT
dc.relation.isbasedon	10.1061/JCEMD4.COENG-13380
dc.rights	info:eu-repo/semantics/closedAccess
dc.subject	0905 Civil Engineering, 1202 Building, 1504 Commercial Services
dc.subject.classification	Building & Construction
dc.subject.classification	3302 Building
dc.subject.classification	4005 Civil engineering
dc.title	Liability of Foreignness in Public-Private Partnership Projects
dc.type	Journal Article
utslib.citation.volume	149
utslib.for	0905 Civil Engineering
utslib.for	1202 Building
utslib.for	1504 Commercial Services
pubs.organisational-group	University of Technology Sydney
pubs.organisational-group	University of Technology Sydney/Faculty of Engineering and Information Technology
pubs.organisational-group	University of Technology Sydney/Faculty of Engineering and Information Technology/School of Computer Science
utslib.copyright.status	closed_access	*
dc.date.updated	2024-05-13T03:48:22Z
pubs.issue	9
pubs.publication-status	Published
pubs.volume	149
utslib.citation.issue	9

Abstract:

With an increasing number of multinational enterprises (MNEs) participating in public-private partnership (PPP) projects worldwide, the liability of foreignness in project construction and management become a manifested research topic in both academia and practice. This study aims to explore the impact of MNE participation on the survival of PPP projects. A unified theoretical framework with internal governance and external institutional environment is elaborated, and a dataset of 4,336 projects in 121 developing countries is derived from the World Bank database to empirically verify our hypotheses. The findings suggest that MNE participation has a detrimental impact on PPP project survival. Additionally, such detrimental impact is mitigated by the two dimensions (regulatory quality, and rule of law) and intensified by two other dimensions (political stability and absence of violence, and control of corruption) of the institutional conditions in the host country. This study contributes to the body of knowledge in two ways: (1) it is one of the pioneer studies that shed light on the liability of foreignness in the context of PPP projects and enhances our understanding of the MNEs' impacts on infrastructure projects; and (2) it enriches the stream of research on project success/failure by linking MNE participation to project survival and revealing the contingencies of host country's institutional conditions in the complex global market.

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http://hdl.handle.net/10453/178890