Identifying Project Factors That Affect an Investor's Escalation of Commitment in Public-Private Partnership Projects

被引：7
|
作者：
Liu, Jiaqi [1 ]
Liu, Jicai [2 ]
Gao, Ruolan [1 ]
Gao, Huaizhu Oliver [3 ]
Li, Yahui [1 ]
机构：
[1] Southwest Jiaotong Univ, Sch Econ & Management, Chengdu, Sichuan, Peoples R China
[2] Southwest Jiaotong Univ, Sch Econ & Management, Div Construct Management, Chengdu, Sichuan, Peoples R China
[3] Cornell Univ, Air Qual Earth & Atmospher Sci, Dept Civil & Environm Engn, New York, NY 10021 USA
来源：
PROJECT MANAGEMENT JOURNAL | 2019年 / 50卷 / 06期
基金：
中国国家自然科学基金;
关键词：
escalation of commitment; investor; project factors; public-private partnership project; SUNK COSTS; DECISION-MAKING; BIG MUDDY; RISK; PPP; INFORMATION; COMPLETION; JUSTIFICATION; PSYCHOLOGY; EFFICACY;
D O I：
10.1177/8756972819847874
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
The study comprehensively discusses 18 project factors affecting investors' escalation of commitment (EOC) in a public-private partnership (PPP) project. Using factor analysis, five factor groupings were addressed: the project information and economic benefit, the reward and punishment mechanisms, project uncertainty, the degree of participation and completeness, and the resources invested in the project. The results revealed that the influence of five grouping factors on investor's EOC is not independent; after performing the weight analysis, the 18 factors had different influences on EOC. These findings offer effective suggestions and theoretical guidelines for reducing the risk of investor EOC.
引用
收藏
页码：686 / 698
页数：13
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