Korea Trade Review (무역학회지)

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Relations of Complexity, Risk Perception and Opportunism on Overseas Mega-Project: Modulating Effect of Contractual Governance

해외 대형 프로젝트의 복잡성, 위험인지 및 기회주의의 관계: 계약적 지배구조의 조절효과

  • Teck-Kyu Kim (Department of International Business and Trade, Kyung Hee University) ;
  • Hun-Joo Jung (Department of International Business and Trade, Kyung Hee University)
  • Received : 2020.09.24
  • Accepted : 2020.10.29
  • Published : 2020.10.31
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Abstract

The construction industry can be described as one of the most volatile industry depending on the situation. As such, a contractor, who is usually positioned to take all kinds of risk, may frequently require to form a strategic partnership for better execution of a project. In this study, we are going to review act or behavior that may happen among such partnership. For such review, a survey targeted at domestic construction companies has been conducted on their thoughts as regards opportunism, risk perception, and the contractual governance between partners. The analysis result of structural equation and regression has indicated that there exists a positive effect on the opportunistic behavior from the risk perception, a moderating effect on contractual governance between the performance risk and opportunism, whereas no such moderating effect on the same between relational risk and the opportunism. The output of this study may assist various domestic individuals who wish to participate large scaled overseas projects.

Keywords

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