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Article
Publication date: 30 June 2008

Conrad Voelker, Andre Permana, Tillmann Sachs and Robert Tiong

The purpose of this study is to identify and to assess specific political risks associated with Indonesia's public private partnership (PPP) power projects and their…

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Abstract

Purpose

The purpose of this study is to identify and to assess specific political risks associated with Indonesia's public private partnership (PPP) power projects and their generally available mitigating measures, based on the perception of the main stakeholders (government, investors, lenders and insurers).

Design/methodology/approach

The approach taken is: a comprehensive literature review to identify an initial list of specific political risks associated with Indonesia's PPP power projects and generally available mitigating measures for these risks; unstructured interviews and discussions to gather recent issues related to the study and to filter the risks and project measures identified at previous step; and finally a survey conducted with questionnaires in order to evaluate the risks and their allocation, to suggest corresponding mitigating measures.

Findings

The study identified that the political risk perception for Indonesian power projects is still relatively high, due to its legal and regulatory risk and breach of contract risk. Viable government support is also desired by most of the players instead of having political risk insurance as the risk mitigation strategy.

Originality/value

The study has identified a political risk mitigation strategy for infrastructure investment in the Indonesian power sector. Based on that, this study contributes as a scientific exercise in measuring the political risks perception of all stakeholders, which can be useful for all involved parties to mitigate this type of risk successfully.

Details

Journal of Financial Management of Property and Construction, vol. 13 no. 1
Type: Research Article
ISSN: 1366-4387

Keywords

Article
Publication date: 24 April 2007

Tillmann Sachs, Robert Tiong and Shou Qing Wang

The paper aims to provide insight into the opportunities and impact of political risks in China and selected Asian countries on opportunities in infrastructure projects…

8051

Abstract

Purpose

The paper aims to provide insight into the opportunities and impact of political risks in China and selected Asian countries on opportunities in infrastructure projects under public‐private partnership (PPP) schemes.

Design/methodology/approach

The impact of political risks on PPPs was investigated through an international survey among senior staff of international lenders, investors, insurers, and legal and financial advisors from the public and private sector. The surveyed political risk categories base on the Multilateral Investment Guarantee Agency Convention and literature review. They comprise six categories: currency inconvertibility and transfer restriction, expropriation, breach of contract, political violence, legal, regulatory and bureaucratic risks, and non‐governmental action risks. The survey evaluation uses fuzzy sets and non‐parametric statistics.

Findings

The findings comprise rankings of political risk factors within China and Asian countries as well as rankings of these countries with respect to the risk categories and rankings of future PPP opportunities over time. Also, survey comments are discussed.

Research limitations/implications

The survey response rate is relatively low with 29 respondents. This is attributed to the specialized nature of the survey questions and topic area. It also indicates that political risks are little understood and paid attention to, though significant in impact. Owing to the chosen evaluation methods for small sample sizes, the results are robust and show high correlations with market data.

Practical implications

The results provide insight into the impact of political risks and the perceived magnitude of each risk category. It supports decision makers prioritizing and analyzing country risks.

Originality/value

The value and originality is in the use of a fuzzy‐coded survey scale to quantify perceptions on single political risk factors across China and Asian countries with focus on PPP infrastructure projects. The paper demonstrated that robust results from small sample sizes can be derived with the employed methods.

Details

Chinese Management Studies, vol. 1 no. 2
Type: Research Article
ISSN: 1750-614X

Keywords

Article
Publication date: 1 August 2007

Tillmn Sachs, Ribert Tiong and Daniel Wagner

Negative perceptions of political risk can prevent capital from being committed to support cross‐border investment. Information about risks that impact infra‐structure…

Abstract

Negative perceptions of political risk can prevent capital from being committed to support cross‐border investment. Information about risks that impact infra‐structure projects is often vague, imprecise, subjective, or ambiguous. Political risks in developing countries also often lack meaningful historical and numerical data. A novel fuzzy set approach for quantifying qualitative information on risks (QQIR) in structured finance transactions that bridges the gap between qualitative and quantitative risk assessment methods has been developed. The QQIR Method is validated empirically through the results of an international survey to determine the impact of perceived political risk on Asian infrastructure projects. The impact is measured by the effect on financial project criteria. The impact was assessed across 14 Asian countries and 14 infrastructure sectors. The survey findings are validated by triangulation of three data sets and employing non‐parametric statistics. The validation shows that in 77.5% of all observations the QQIR Method produces mean results that are within 0.85 standard deviations of the absolute values, without elimination of any seemingly unusual or unreasonable responses or data. The validation also shows that with increasing perceived risks, the costs of equity investment, debt finance, and insurance also increase. The QQIR Method is thus a valid tool to quantify perceptions on risks. In this case it has been applied to political risks, but the Method is generic and may be applied to any problem set in which perceptions can be structured and assessed with opinions.

Details

Journal of Financial Management of Property and Construction, vol. 12 no. 2
Type: Research Article
ISSN: 1366-4387

Keywords

Content available
Article
Publication date: 10 October 2008

434

Abstract

Details

Chinese Management Studies, vol. 2 no. 4
Type: Research Article
ISSN: 1750-614X

Keywords

Content available
Article
Publication date: 24 April 2007

Check-Teck Foo

602

Abstract

Details

Chinese Management Studies, vol. 1 no. 2
Type: Research Article
ISSN: 1750-614X

Article
Publication date: 29 July 2014

Katharina Maag Merki

In school improvement studies, randomized experiments are rare. A special problem is the assignment to the experimental and control groups, taking into account the…

1319

Abstract

Purpose

In school improvement studies, randomized experiments are rare. A special problem is the assignment to the experimental and control groups, taking into account the different starting conditions at the schools in terms of school improvement competencies. The purpose of this paper is to take the example of an intervention study conducted in Baden-Württemberg, Germany, the extent to which the challenges involved with a quasi-experimental design were addressed is examined.

Design/methodology/approach

The intervention study was conducted with 54 math teachers (experimental group: n=29; control group: n=25) and their grade 7 and 8 classes (n=1,054) at 13 secondary schools. It aimed to increase teacher cooperation on teaching for promotion of students’ self-regulated learning. T-tests, Mann-Whitney tests, ANOVA, multilevel regression analyses were conducted.

Findings

At the beginning of the intervention, the teachers in the two groups did not differ significantly in prior cooperation on teaching processes and in attitudes toward cooperation. However, they differed in prior cooperation on school framework conditions and teaching processes. The intervention was effective in increasing teachers’ cooperation intensity on instruction, and teachers’ attitude toward binding cooperation. However, teaching processes did not change depending on experimental or control group.

Research limitations/implications

Teacher cooperation practice was assessed only by teachers’ self-report. No indicators on the quality of the cooperation among teachers were included.

Practical implications

The paper discusses the challenges and limitations of conducting intervention studies on school improvement. Implications for further research are given.

Originality/value

This paper fulfils an identified need to study how quasi-experimental designs can be implemented in intervention studies on school improvement.

Details

Journal of Educational Administration, vol. 52 no. 5
Type: Research Article
ISSN: 0957-8234

Keywords

Article
Publication date: 16 August 2019

Sule Erden and Gonul Reyhanoglu

Savant syndrome, a very rare condition in the world, refers to individuals who have extraordinary talents but might have disabilities that prevent them from maintaining…

Abstract

Purpose

Savant syndrome, a very rare condition in the world, refers to individuals who have extraordinary talents but might have disabilities that prevent them from maintaining their life. The purpose of this paper is to investigate the views of conservatory instructors about the education of Buğra Çankır (BC), a musical savant with autism.

Design/methodology/approach

As it was difficult to communicate with BC and elicit his views, interviews were conducted with his teachers, who had similar experiences in his music education process. The participants were six instructors who worked as full-time instructors in the conservatory. The participants were administered a semi-structured focus group interview form that described the difficulties, experiences, perceptions and feelings they had in their interactions with BC. Data obtained from the study were subjected to content analysis methods performed by the researchers; analysis involved identification of the codes and themes and formation of sub-themes and codes in line with these themes.

Findings

Results showed that the participants had difficulties in teaching BC because of having insufficient knowledge about his features. In addition, while planning the conservatory education processes, the participants were found to redesign the teaching content considering the features of the student.

Research limitations/implications

The present case study is important in terms of revealing the problems experienced in the education processes of these individuals. More detailed qualitative studies or action research could be utilised in studies to be conducted in the future.

Originality/value

BC’s educational experience is the first case for educational institutions and instructors in Turkey.

Details

Advances in Autism, vol. 5 no. 4
Type: Research Article
ISSN: 2056-3868

Keywords

Article
Publication date: 29 January 2020

Shivinder Nijjer and Sahil Raj

The high rate of internet penetration has led to the proliferation of social media (SM) use, even at the workplace, including academia. This research attempts to develop a…

Abstract

Purpose

The high rate of internet penetration has led to the proliferation of social media (SM) use, even at the workplace, including academia. This research attempts to develop a topology and thereby determine the dominant use motive for faculty’s use of SM.

Design/methodology/approach

In this two-part study, a two-stage research design has been adopted for topology development based on the application of Uses and Gratifications Theory. In the second part, the Technology Acceptance Model is applied to discern the dominant motive for SM use in academia.

Findings

The work is able to develop a seven-item topology, conforming to the basic three use motives, namely, hedonic, utilitarian and social. The work shows faculty attach more value to the instrumental utility of SM, while the hedonic function is also significant.

Practical implications

Discerning dominant motive implies that SM use at the workplace should not be banned, rather effective regulated use will instil the faculty to enhance work outcomes. The conceptualisation of topology for SM use in academia at the workplace can aid in designing an effective organisation policy, and design of an internal SM platform.

Originality/value

The study is unique towards topology development for academic faculty and has many important implications for management and academia, especially towards policy design for SM use at the workplace.

Details

Journal of Information, Communication and Ethics in Society, vol. 18 no. 2
Type: Research Article
ISSN: 1477-996X

Keywords

Article
Publication date: 31 March 2020

Haw-Yi Liang, Chih-Ying Chu and Jiun-Sheng Chris Lin

Keeping both employees and customers highly engaged has become a critical issue for service firms, especially for high-contact and highly customized services. Therefore…

1172

Abstract

Purpose

Keeping both employees and customers highly engaged has become a critical issue for service firms, especially for high-contact and highly customized services. Therefore, it is essential to engage employees and customers during service interactions for better service outcomes. However, past research on employee and customer engagement has primarily focused on brands and organizations. Little research has concentrated on service interactions as the objects of engagement. To fill this research gap, this study aims to clarify and define service engagement behaviors (SEBs), identify various employee and customer SEBs and develop a model to investigate the relationships between these behaviors.

Design/methodology/approach

A theoretical framework was developed based on social contagion theory and service-dominant (S-D) logic to explore the effects of employee SEBs on customer SEBs through customer perceptions of relational energy and interaction cohesion. Dyadic survey data collected from 293 customer-employee pairs in various high-contact and highly customized service industries were examined through structural equation modeling.

Findings

Results show that employee SEBs (service role involvement, customer orientation behavior and customer empowerment behavior) positively influence relational energy and interaction cohesion, which in turn affect customer SEBs (service exploration behavior and service coordination behavior).

Originality/value

This study represents pioneering research to conceptualize SEBs. Different from the extant literature on engagement, SEBs capture the proactive and collaborative engagement behaviors of employees and customers in service interactions. Various employee and customer SEBs were identified and an empirical model was proposed and tested to investigate the effect of employee SEBs on customer SEBs through relational energy and interaction cohesion.

Details

Journal of Service Management, vol. 31 no. 6
Type: Research Article
ISSN: 1757-5818

Keywords

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