Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/16164
Title: Risk misallocation in public-private partnership projects in China
Authors: Ke, Y
Wang, SQ
Chan, APC 
Issue Date: 2013
Publisher: Routledge, Taylor & Francis Group
Source: International public management journal, 2013, v. 16, no. 3, p. 438-460 How to cite?
Journal: International public management journal 
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.
URI: http://hdl.handle.net/10397/16164
ISSN: 1096-7494
EISSN: 1559-3169
DOI: 10.1080/10967494.2013.825508
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