Sustainable Delivery of Megaprojects in Iran: Integrated Model of Contextual Factors

Hosseini, M. Reza; Banihashemi, Saeed; Martek, Igor; Golizadeh, Hamed; Ghodoosi, Farzad

doi:10.1061/(asce)me.1943-5479.0000587

Cited by 61 publications

(51 citation statements)

References 67 publications

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“…Political risk are political events in a country that impact the business climate in such a way as to rupture reasonably expected returns, namely: political changes that influence future cash flows (Howell, 2011;Bekaert, Harvey, Lundblad, & Siegel, 2016). The problem of political risks is particularly acute in developing countries (Bekaert et al, 2016;Fernando et al, 2017;Hosseini et al, 2018;Ramamurti & Doh, 2004). Unstable political environments mean that foreign investors must risk extra expenditure on foreign infrastructure investment while receiving reduced returns as a consequence of rent seeking, expropriation, increased tax and so on (Spiller & Savedoff, 1999;Zavadskas, Ustinovichius, & Stasiulionis, 2004).…”

Section: Political Risk: Indicators and Impactsmentioning

confidence: 99%

“…Infrastructure plays an important role in the development of an economy (Zavadskas, Vilutienė, Turskis, & Šaparauskas, 2014). Infrastructure demand continues to rise, increasing to a $4 trillion in 2016 (Hosseini, Banihashemi, Martek, Golizadeh, & Ghodoosi, 2018).…”

Section: Introductionmentioning

confidence: 99%

“…And, political risk stands out as a significant determinant (Khanzadi, Eshtehardian, & Mokhlespour Esfahani, 2017). That is, political risk in developing countries, such as violent conflicts, expropriation of foreign assets and corruption, is characteristically higher than in developed countries, while foreign investors favour stable political environments (Hosseini et al, 2018). Thus, the claim is made that political risk impedes FDI inflows to developing countries (Clare & Gang, 2010).…”

Section: Introductionmentioning

confidence: 99%

“…Thus, the claim is made that political risk impedes FDI inflows to developing countries (Clare & Gang, 2010). Infrastructure investment is considered particularly risky (Burcar Dunovic, Radujkovic, & Vukomanovic, 2016), and consequently thought of as more sensitive to political risk (Hosseini et al, 2018). Because infrastructure investment is characterized by high monopolization, large investment amounts, long payback periods, along with a special class of consumers, namely the government (Dailami & Leipziger, 1998;Hosseini et al, 2018).…”

Section: Introductionmentioning

confidence: 99%

“…Infrastructure investment is considered particularly risky (Burcar Dunovic, Radujkovic, & Vukomanovic, 2016), and consequently thought of as more sensitive to political risk (Hosseini et al, 2018). Because infrastructure investment is characterized by high monopolization, large investment amounts, long payback periods, along with a special class of consumers, namely the government (Dailami & Leipziger, 1998;Hosseini et al, 2018). At the same time, developing countries are generally characterized by weak policy frameworks and political instability, which threaten infrastructure investment return security (Banihashemi, Hosseini, Golizadeh, & Sankaran, 2017).…”

Section: Introductionmentioning

confidence: 99%

See 4 more Smart Citations

Foreign Infrastructure Investment in Developing Countries: A Dynamic Panel Data Model of Political Risk Impacts

Jiang

Martek

Hosseini

et al. 2019

Technological and Economic Development of Economy

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Foreign direct investment (FDI) is inhibited by political risk. Developing countries tend to experience higher levels of such risk, yet need foreign capital to generate growth. Moreover, foreign direct investment in infrastructure (FDII) – fundamental to economic growth – is particularly sensitive to political risk; characterized by high capital investment, longer investment periods, while especially exposed to mercurial shifts in government policy. Yet, no comprehensive study has been undertaken that measures the impact of political risk on FDII in developing countries. This paper addresses this lack. Twelve political risk indicators, drawn from the International Country Risk Guide Index, are used to quantify the political risk inherent to 90 developing countries, over the period 2006 to 2015. An Arellano-Bond GMM estimator is developed which measures the dollar value impact of risk on both FDI and FDII. A comparison of results confirms that FDII is generally more sensitive to risk than is FDI, however the influence of risk categories is found to vary significantly. The findings can be expected to inform infrastructure policy-makers and foreign investors alike on the dollar-impact of determinable risk levels on foreign-funded projects, and in so doing better facilitate corrective risk mitigation strategies.

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Section: Political Risk: Indicators and Impactsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Foreign Infrastructure Investment in Developing Countries: A Dynamic Panel Data Model of Political Risk Impacts

Jiang

Martek

Hosseini

et al. 2019

Technological and Economic Development of Economy

Self Cite

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Multi-sided Platforms: A Business Model for BIM Adoption in Built Environment SMEs

Banihashemi

Sarbazhosseini

Adikari

et al. 2019

HCI in Business, Government and Organizations. Information Systems and Analytics

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Factors Affecting the Integration of Sustainability in the Early Project Phases in an Integrated Project Management Model

Molaei

Hertogh

Bosch‐Rekveldt

et al. 2020

Lecture Notes in Management and Industrial Engineering

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This study investigates the factors affecting the integration of sustainability into the project management of infrastructure projects, specifically highway projects during early phases. The research was drawn upon previous studies in order to develop a sustainability framework for measuring the project success in three aspects of sustainability: People, Planet, and Prosperity (triple bottom line). Next, Critical Success Factor (CSF) framework in the construction sector was extracted through a comprehensive literature review. A qualitative cross-case analysis was conducted on three sustainability-oriented highways projects in the Netherlands. Data were collected through document review and twelve in-depth interviews with different roles of Integrated Project Management (IPM) model. The findings suggest that each IPM role is inclined towards specific sustainability dimension which affects the application of sustainability CSFs. The results reveal that among the sixteen identified CSFs promoting the integration of sustainability, following factors were acknowledged by all the IPM roles: awareness of project external factors, clearly defined scope, clearly defined goals/ambitions. Further, the paper conceptualizes a model for integrating key roles involved in the project management of infrastructure projects. The model is based on the triple bottom line of sustainability bringing all the roles involved in the project management of infrastructure projects together.

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Sustainable Delivery of Megaprojects in Iran: Integrated Model of Contextual Factors

Cited by 61 publications

References 67 publications

Foreign Infrastructure Investment in Developing Countries: A Dynamic Panel Data Model of Political Risk Impacts

Foreign Infrastructure Investment in Developing Countries: A Dynamic Panel Data Model of Political Risk Impacts

Multi-sided Platforms: A Business Model for BIM Adoption in Built Environment SMEs

Factors Affecting the Integration of Sustainability in the Early Project Phases in an Integrated Project Management Model

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