IDEAS home Printed from https://ideas.repec.org/a/eee/transa/v166y2022icp522-540.html
   My bibliography  Save this article

Path analysis of influencing government's excessive behavior in PPP project: Based on field dynamic theory

Author

Listed:
  • Liu, Jiaqi
  • Liu, Jicai
  • Bu, Zehui
  • Zhou, Yining
  • He, Peifen

Abstract

The excessive behavior of the government is a common phenomenon in the practice of PPP projects such as transportation, municipal engineering and environmental governance. Analyzing the excessive behaviors of the government in PPP projects is very important to improve project performance and success. Based on the field dynamic theory, the demand of government and the external environment participating in PPP are the important reasons for excessive behavior. Through literature analysis, 14 government demands and 10 environmental factors that influence the government's excessive behavior are identified, and a hypothesis model of the influencing path of government's excessive behavior is constructed. 166 valid data are collected through a questionnaire survey. Carrying out factor analysis, hypothesis, and path test, the main findings are as follows: Government’s demands are divided into the demand of satisfying public activities, self-interest, responsibility, and relieving financial pressure; External environmental factors are divided into social conditions, department mechanism, and project information; The demand for responsibility plays a restraining role, while the other types of demand are opposite, and these demands play an intermediary role in the impact path of external environment on excessive behavior; Among the environmental factors, only the lack of project information has a direct influence on the government excessive behavior; In the feasibility subsidy project, the risk of excessive behavior is high, especially for transportation projects with certain toll nature. The study provides suggestions for reducing the risk of government behavior in PPP projects.

Suggested Citation

  • Liu, Jiaqi & Liu, Jicai & Bu, Zehui & Zhou, Yining & He, Peifen, 2022. "Path analysis of influencing government's excessive behavior in PPP project: Based on field dynamic theory," Transportation Research Part A: Policy and Practice, Elsevier, vol. 166(C), pages 522-540.
    • Handle: RePEc:eee:transa:v:166:y:2022:i:c:p:522-540
    DOI: 10.1016/j.tra.2022.11.011
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0965856422002944
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.tra.2022.11.011?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Ling Wang & Lihong Zhou & Yan Xiong & Dongyi Yan, 2019. "Effect of promotion pressure and financial burden on investment in public–private partnership infrastructure projects in China," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 33(2), pages 128-142, November.
    2. William R. DiPeitro & Emmanuel Anoruo, 2012. "Government size, public debt and real economic growth: a panel analysis," Journal of Economic Studies, Emerald Group Publishing, vol. 39(4), pages 410-419, December.
    3. Cowen, Tyler & Sutter, Daniel, 1997. "Politics and the Pursuit of Fame," Public Choice, Springer, vol. 93(1-2), pages 19-35, October.
    4. Li, Hongbin & Zhou, Li-An, 2005. "Political turnover and economic performance: the incentive role of personnel control in China," Journal of Public Economics, Elsevier, vol. 89(9-10), pages 1743-1762, September.
    5. William R. DiPeitro & Emmanuel Anoruo, 2012. "Government size, public debt and real economic growth: a panel analysis," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 39(4), pages 410-419, August.
    6. Jokar, Ebrahim & Aminnejad, Babak & Lork, Alireza, 2021. "Assessing and Prioritizing Risks in Public-Private Partnership (PPP) Projects Using the Integration of Fuzzy Multi-Criteria Decision-Making Methods," Operations Research Perspectives, Elsevier, vol. 8(C).
    7. Deng, Lu & Jiang, Ping & Li, Sifei & Liao, Mingqing, 2020. "Government intervention and firm investment," Journal of Corporate Finance, Elsevier, vol. 63(C).
    8. Yinglin Wang & Jingyi Chen & Jicai Liu & Chuhan Zhou, 2021. "Investors’ exit timing of PPP projects based on escalation of commitment," PLOS ONE, Public Library of Science, vol. 16(9), pages 1-23, September.
    9. Tsai, Claire I. & Klayman, Joshua & Hastie, Reid, 2008. "Effects of amount of information on judgment accuracy and confidence," Organizational Behavior and Human Decision Processes, Elsevier, vol. 107(2), pages 97-105, November.
    10. Antonella Lomoro & Giorgio Mossa & Roberta Pellegrino & Luigi Ranieri, 2020. "Optimizing Risk Allocation in Public-Private Partnership Projects by Project Finance Contracts. The Case of Put-or-Pay Contract for Stranded Posidonia Disposal in the Municipality of Bari," Sustainability, MDPI, vol. 12(3), pages 1-18, January.
    11. Takano, Guillermo, 2017. "Public-Private Partnerships as rent-seeking opportunities: A case study on an unsolicited proposal in Lima, Peru," Utilities Policy, Elsevier, vol. 48(C), pages 184-194.
    12. David Martimort & Flavio Menezes & Myrna Wooders & VANESSA VALERO, 2015. "Government Opportunism in Public-Private Partnerships," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 17(1), pages 111-135, February.
    13. Jingfeng Yuan & Wei Li & Jiyue Guo & Xianbo Zhao & Mirosław J. Skibniewski, 2018. "Social Risk Factors of Transportation PPP Projects in China: A Sustainable Development Perspective," IJERPH, MDPI, vol. 15(7), pages 1-25, June.
    14. Alison Anderson, 2011. "Sources, media, and modes of climate change communication: the role of celebrities," Wiley Interdisciplinary Reviews: Climate Change, John Wiley & Sons, vol. 2(4), pages 535-546, July.
    15. Liu, Jiaqi & Liu, Jicai & Liu, Nana, 2020. "Government ’s control rights influence investor’s escalation of commitment in PPP project: Regulating effect of other-face concern," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 545(C).
    16. Wang, Yinglin & Gao, Huaizhu Oliver & Liu, Jicai, 2019. "Incentive game of investor speculation in PPP highway projects based on the government minimum revenue guarantee," Transportation Research Part A: Policy and Practice, Elsevier, vol. 125(C), pages 20-34.
    17. Luyi Sui & Xinsheng Ke, 2015. "Intension Analysis of User News Sharing in Social Media," Springer Books, in: Zhenji Zhang & Zuojun Max Shen & Juliang Zhang & Runtong Zhang (ed.), Liss 2014, edition 127, pages 681-687, Springer.
    18. Abouzar Zangoueinezhad & Adel Azar, 2014. "How public-private partnership projects impact infrastructure industry for economic growth," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 41(10), pages 994-1010, October.
    19. Huige Xing & Yuelin Li & Hongyang Li, 2020. "Renegotiation Strategy of Public-Private Partnership Projects with Asymmetric Information—An Evolutionary Game Approach," Sustainability, MDPI, vol. 12(7), pages 1-23, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shi, Shasha & Tuo, Yuhui & Pan, Meixu & Yin, Yafeng & Chen, Yue & Zhou, Xiongwei & Chen, Ke, 2024. "Signaling contracts design for Build–Operate–Transfer roads under asymmetric traffic demand information," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 183(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hüseyin Şen & Ayşe Kaya & Ayşegül Durucan, 2023. "New insights into the growth-maximizing size of government: evidence and implications for Turkey," Economic Change and Restructuring, Springer, vol. 56(4), pages 2243-2296, August.
    2. Francesco Forte & Cosimo Magazzino, 2014. "Optimal size of governments and the optimal ratio between current and capital expenditure," Chapters, in: Francesco Forte & Ram Mudambi & Pietro Maria Navarra (ed.), A Handbook of Alternative Theories of Public Economics, chapter 15, pages 342-367, Edward Elgar Publishing.
    3. Ma, Guangyuan & Kong, Dongmin & Liu, Shasha, 2023. "Credit stimulus and corporate excess employees," International Review of Financial Analysis, Elsevier, vol. 89(C).
    4. Ren, Meixu & Zhao, Jinxuan & Zhao, Jingmei, 2023. "The crowding-out effect of zombie companies on fixed asset investment: Evidence from China," Research in International Business and Finance, Elsevier, vol. 65(C).
    5. Li, Xiaoxia & Cai, Guilong & Lin, Bingxuan & Luo, Danglun, 2024. "Macroeconomic data manipulation and corporate investment efficiency: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 94(C).
    6. Petr Zimčík, 2016. "Velikost veřejného sektoru a ekonomický růst [The Scope of Government and Economic Growth]," Politická ekonomie, Prague University of Economics and Business, vol. 2016(4), pages 439-450.
    7. Luo, Kun & Lim, Edwin KiaYang & Qu, Wen & Zhang, Xuan, 2021. "Board cultural diversity, government intervention and corporate innovation effectiveness: Evidence from China," Journal of Contemporary Accounting and Economics, Elsevier, vol. 17(2).
    8. Whajah, Jennifer & Bokpin, Godfred A. & Kuttu, Saint, 2019. "Government size, public debt and inclusive growth in Africa," Research in International Business and Finance, Elsevier, vol. 49(C), pages 225-240.
    9. Liu, Jianhua & Liu, Jingjun & Tang, Zhenyang & Xu, Yue, 2024. "Provincial economic growth and firm excess investment: Evidence from China," Economic Modelling, Elsevier, vol. 137(C).
    10. Daxin Dong & Boyang Xu & Ning Shen & Qian He, 2021. "The Adverse Impact of Air Pollution on China’s Economic Growth," Sustainability, MDPI, vol. 13(16), pages 1-27, August.
    11. Shi, Shasha & Tuo, Yuhui & Pan, Meixu & Yin, Yafeng & Chen, Yue & Zhou, Xiongwei & Chen, Ke, 2024. "Signaling contracts design for Build–Operate–Transfer roads under asymmetric traffic demand information," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 183(C).
    12. Jelena Stankevičienė & Sergej Rosov, 2013. "Implementation of Multi-Objective Evaluation Method in Public Debt Risk Management," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 1(4), pages 7-19.
    13. Wei, Lang & Zhang, Yiling, 2023. "Nonfinancial indicators in identifying stock price crash risk," Finance Research Letters, Elsevier, vol. 52(C).
    14. Cheng, Yawen & Kong, Dongmin & Wang, Qin, 2023. "Parents' early experience and children's years of schooling: The long-term impact of son preference," China Economic Review, Elsevier, vol. 82(C).
    15. Cao, Chunfang & Li, Xiaoyang & Xia, Changyuan, 2021. "The complicit role of local government authorities in corporate bribery: Evidence from a tax collection reform in China," China Economic Review, Elsevier, vol. 65(C).
    16. Ma, Yongfan & Hu, Xingcun, 2024. "Shadow banking and SME investment: Evidence from China's new asset management regulations," International Review of Economics & Finance, Elsevier, vol. 93(PA), pages 332-349.
    17. Wang, He & Yao, Yang & Zhou, Yue, 2022. "Markets price politicians: Evidence from China’s municipal bond markets," Journal of Economics and Business, Elsevier, vol. 122(C).
    18. He, Zhenyu & Tang, Yuwei, 2023. "Local environmental constraints and firms’ export product quality: Evidence from China," Economic Modelling, Elsevier, vol. 124(C).
    19. Qichun He, 2016. "Do Political Factors Cause the Regional Inequality in the Reform-Era China?," Review of Development Economics, Wiley Blackwell, vol. 20(2), pages 387-398, May.
    20. Xuan Zhang, 2023. "The impact of digital finance on corporate labor productivity: evidence from Chinese-listed companies," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 50(3), pages 527-550, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:transa:v:166:y:2022:i:c:p:522-540. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/547/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.