Enterprise Risk Management in International Construction Operations
This book provides readers an understanding of the implementation of Enterprise Risk Management (ERM) for international construction operations. In an extended case study, it primarily focuses on Chinese construction firms (CCFs) based in Singap
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rprise Risk Management in International Construction Operations
Enterprise Risk Management in International Construction Operations
Xianbo Zhao Bon-Gang Hwang Sui Pheng Low •
Enterprise Risk Management in International Construction Operations
123
Xianbo Zhao School of Engineering and Technology Central Queensland University Sydney, NSW Australia
Sui Pheng Low Department of Building National University of Singapore Singapore Singapore
Bon-Gang Hwang Department of Building National University of Singapore Singapore Singapore
ISBN 978-981-287-548-8 DOI 10.1007/978-981-287-549-5
ISBN 978-981-287-549-5
(eBook)
Library of Congress Control Number: 2015939663 Springer Singapore Heidelberg New York Dordrecht London © Springer Science+Business Media Singapore 2015 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper Springer Science+Business Media Singapore Pte Ltd. is part of Springer Science+Business Media (www.springer.com)
Contents
1
Introduction . . . . . . . . . . . 1.1 Research Motivation . 1.2 Research Scope. . . . . 1.3 Research Objectives . 1.4 Research Hypotheses . 1.5 Research Significance 1.6 Structure of the Book References. . . . . . . . . . . . .
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1 1 2 3 3 7 8 9
2
The Chinese Construction Industry and Firms . . . . . . . . . . . . 2.1 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.2 Overview of the Chinese Construction Industry . . . . . . . . 2.2.1 The Chinese Construction Market . . . . . . . . . . . . 2.2.2 Ownership Forms of CCFs . . . . . . . . . . . . . . . . . 2.3 CCFs in the Overseas Market . . . . . . . . . . . . . . . . . . . . . 2.3.1 CCFs’ Overseas Market . . . . . . . . . . . . . . . . . . . 2.3.2 CCFs Based in Singapore. . . . . . . . . . . . . . . . . . 2.3.3 SWOT Analysis of CCFs in the Overseas Market . 2.3.4 Risk Management Practices of CCFs in the Overseas Market . . . . . . . . . . . . . . . . . . . 2.4 Summary
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