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Developing a Conceptual Model for Promoting Risk Management for Public–Private Partnerships Projects

Author

Listed:
  • Yin Chen

    (Department of Quantity Surveying, Faculty of Built Environment, Universiti Malaya, Kuala Lumpur 50603, Malaysia)

  • Mei Ye Kho

    (Department of Quantity Surveying, Faculty of Built Environment, Universiti Malaya, Kuala Lumpur 50603, Malaysia)

  • Othman Mohamed

    (Department of Quantity Surveying, Faculty of Built Environment, Universiti Malaya, Kuala Lumpur 50603, Malaysia)

Abstract

Over the past decade, there has been significant growth in the literature addressing risk issues associated with Public–Private Partnerships (PPPs). However, few studies have attempted to comprehensively map and visualize research in this domain. This study aims to fill this gap through a systematic literature review conducted in four stages, utilizing knowledge mapping analysis. More than 400 peer-reviewed articles published between 1990 and September 2023 were examined, making this study the first to analyze such a substantial sample of papers in this field. The research identifies three distinct phases of growth trends in PPP risk management studies. To minimize arbitrariness and subjectivity in analyzing research focuses, this study employed a scientometric approach using VOSviewer software (version 1.6.19), which provides insights into the current state and trends of research on PPP risk management, including high-frequency keywords, contributions of core authors, and distribution across countries, regions, institutions, and journals. In addition to the scientometric analysis, a qualitative review identified six primary research interests, various research perspectives, and diverse methodologies present within the literature. Based on these findings, this study culminates in the development of a conceptual model for risk management in PPPs, offering a structured framework for future research and practical application. This study contributes to the literature by providing the first large-scale, comprehensive mapping and analysis of PPP risk management research, presenting a novel conceptual model that connects theoretical insights with practical implications, and highlighting key areas for future exploration.

Suggested Citation

  • Yin Chen & Mei Ye Kho & Othman Mohamed, 2024. "Developing a Conceptual Model for Promoting Risk Management for Public–Private Partnerships Projects," Sustainability, MDPI, vol. 16(18), pages 1-22, September.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:18:p:8221-:d:1482554
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    References listed on IDEAS

    as
    1. Moore, Mark A. & Boardman, Anthony E. & Vining, Aidan R., 2017. "Analyzing risk in PPP provision of utility services: A social welfare perspective," Utilities Policy, Elsevier, vol. 48(C), pages 210-218.
    2. Delmon,Jeffrey, 2017. "Public-Private Partnership Projects in Infrastructure," Cambridge Books, Cambridge University Press, number 9781107194830, Enero-Abr.
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    4. Delmon,Jeffrey, 2017. "Public-Private Partnership Projects in Infrastructure," Cambridge Books, Cambridge University Press, number 9781316645505, Enero-Abr.
    5. N. Carbonara & N. Costantino & L. Gunnigan & R. Pellegrino, 2015. "Risk Management in Motorway PPP Projects: Empirical-based Guidelines," Transport Reviews, Taylor & Francis Journals, vol. 35(2), pages 162-182, March.
    6. Shou Qing Wang & Mohammed Fadhil Dulaimi & Muhammad Yousuf Aguria, 2004. "Risk management framework for construction projects in developing countries," Construction Management and Economics, Taylor & Francis Journals, vol. 22(3), pages 237-252.
    7. Paul Andon, 2012. "Accounting‐related research in PPPs/PFIs: present contributions and future opportunities," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 25(5), pages 876-924, June.
    8. Hsin-Ning Su & Pei-Chun Lee, 2010. "Mapping knowledge structure by keyword co-occurrence: a first look at journal papers in Technology Foresight," Scientometrics, Springer;Akadémiai Kiadó, vol. 85(1), pages 65-79, October.
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