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Study on the influence Factors of Risk Management in Construction Enterprises – Taking China Construction First Bureau General Contracting Company as an example

Last modified: February 13, 2024
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Title:
Study on the influence Factors of Risk Management in Construction Enterprises – Taking China Construction First Bureau General Contracting Company as an example

Author: Liu Haichao

Advisor:
Dr. Zhang Li

Degree:
Master of Business Administration

Major:
International Business Management

Faculty:
บัณฑิตวิทยาลัย (Graduate School)

Academic year:
2566 (2023)

Published:
The 16th National and International Academic Conference “Digital Transformation and Sustainable Innovation: Strategies for a Sustainable Future” 31 October – 1 November 2023 pp.350-362 PDF  https://mba.siam.edu/proceedings16/  


Abstract

This paper aimed to study on the influence Factors of Risk Management in Construction Enterprises, taking China Construction First Bureau General Contracting Company (CCFGCL) as an example. The financial shared service model has been widely used in all walks of life around the world. The concept of financial shared service model was introduced into China in the late 1990s. However, the application of financial shared service model in the construction industry is still very rare. Therefore, these risks require that construction enterprises should have adequate risk management capabilities. The main research questions include the following, what is the current status of risk management at CCFGCL General Contracting Company, and what are the factors influencing the risk management of CCFGCL General Contracting Company?

This research based on the Financial sharing service model combined with risk management theory. The objectives of the study were: 1) To explore the current status of risk management at CCFGCL General Contracting Company; 2) To explore the influencing factors that affect the risk management of CCFGCL General Contracting Company. This study adopts quantitative research method to explore the employees of CCFGCL General Contracting Company as the research object, and this study collects 450 questionnaires. The valid questionnaires are 412. The effective recovery rate of the questionnaire is 91.56%. The research hypotheses of this paper by distributing questionnaires and applying data analysis methods.

The paper found that: 1) There are risks in risk management of CCFGCL General Contracting Company in the form of irrational design of organizational structure, risk of loss of resistance of personnel, risk of low quality of employees, and risk of imperfect institutional system. 2) The business process risk and information systems risk have no effect on the risk management. Organizational risk has positive effect on the risk Organizational risk has positive effect on the risk management of CCFGCL General Contracting Company. Operational management risks have a positive effect on the risk management of CCFGCL General Contracting Company. Legal and regulatory risks have a negative effect on the risk management of CCFGCL General Contracting Company.

Keywords: construction Industry, financial shared services model, risk management


Study on the influence Factors of Risk Management in Construction Enterprises – Taking China Construction First Bureau General Contracting Company as an example

6417195065 Liu Haichao 2566 (2023) Advisor: Assoc. Dr. Zhang Li, Study on the influence Factors of Risk Management in Construction Enterprises – Taking China Construction First Bureau General Contracting Company as an example สารนิพนธ์ (Independent Study),  ปริญญาโท (Master’s Degree), บัณฑิตวิทยาลัย (Graduate School), Master of Business Administration, International Business Management, Bangkok: Siam University

Academic Year 2023, Graduate School 2023, IMBA, IMBA 2023, Independent Study, Independent Study 2023, Master of Business Administration, Master of Business Administration (International Program) 2023, Master of Business Administration 2023, ปริญญาโท (Master’s Degree), บัณฑิตวิทยาลัย (Graduate School), Master of Business Administration,International Business Management