The Moderating Role of Government Policy on Contractors’ Risk Attitudes in Malaysia Construction Companies

Contractors’ risk attitudes influence their bidding decisions because of their exposure to uncertainties and competitions. The competing contractors may have, over time, developed different risk attitudes that are part of their own organizational culture. Different risk attitudes explain the peculia...

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Main Authors:	Taofeeq, D. M., Adeleke, A. Q., Hassan, A. K.
Format:	Article
Language:	English
Published:	International Society for Everant Publisher 2019
Subjects:	H Social Sciences (General) HD28 Management. Industrial Management
Online Access:	http://umpir.ump.edu.my/id/eprint/25074/ http://umpir.ump.edu.my/id/eprint/25074/ http://umpir.ump.edu.my/id/eprint/25074/7/The%20Moderating%20Role%20of%20Government%20Policy.pdf

id	ump-25074
recordtype	eprints
spelling	ump-250742019-07-03T04:29:32Z http://umpir.ump.edu.my/id/eprint/25074/ The Moderating Role of Government Policy on Contractors’ Risk Attitudes in Malaysia Construction Companies Taofeeq, D. M. Adeleke, A. Q. Hassan, A. K. H Social Sciences (General) HD28 Management. Industrial Management Contractors’ risk attitudes influence their bidding decisions because of their exposure to uncertainties and competitions. The competing contractors may have, over time, developed different risk attitudes that are part of their own organizational culture. Different risk attitudes explain the peculiarity in how firms do their businesses. In a risky situation, individuals’ perceptions have influence on their own risk attitudes. Organizational risk attitude operates within an organization and it defines the accepted and unaccepted risks. This is attributed to how people perceived the control over the intended behavior which relies on the availability of resources, competency, educational background, support from other people and past experience in the same project. Therefore, this study aims to identify the factors affecting contractors' risk attitudes and then determine the relationship with government policy. A total of 140 copies of questionnaire were randomly distributed to the construction companies in Malaysia. Out of the 140 copies of questionnaire distributed, 124 copies were returned. Conversely, 12 copies of the questionnaire were found to be unusable due to missing data or provided the same responses to all the questions. Thus, overall, 80% of the total copies of questionnaire were usable thereby making up an effective sample of 112. Smart PLS 3 for structural equation modeling was utilized in confirming the hypotheses developed for the study. The findings of this research confirmed that government policy (rules and regulations) played a moderating role in enhancing the factors affecting contractors’ risk attitudes in construction companies in Malaysia. International Society for Everant Publisher 2019-06 Article PeerReviewed pdf en cc_by_4 http://umpir.ump.edu.my/id/eprint/25074/7/The%20Moderating%20Role%20of%20Government%20Policy.pdf Taofeeq, D. M. and Adeleke, A. Q. and Hassan, A. K. (2019) The Moderating Role of Government Policy on Contractors’ Risk Attitudes in Malaysia Construction Companies. Social Science and Humanities Journal, 3 (6). pp. 1261-1280. ISSN 2456-2653 https://sshj.in/index.php/sshj/article/view/398
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Malaysia Pahang
building	UMP Institutional Repository
collection	Online Access
language	English
topic	H Social Sciences (General) HD28 Management. Industrial Management
spellingShingle	H Social Sciences (General) HD28 Management. Industrial Management Taofeeq, D. M. Adeleke, A. Q. Hassan, A. K. The Moderating Role of Government Policy on Contractors’ Risk Attitudes in Malaysia Construction Companies
description	Contractors’ risk attitudes influence their bidding decisions because of their exposure to uncertainties and competitions. The competing contractors may have, over time, developed different risk attitudes that are part of their own organizational culture. Different risk attitudes explain the peculiarity in how firms do their businesses. In a risky situation, individuals’ perceptions have influence on their own risk attitudes. Organizational risk attitude operates within an organization and it defines the accepted and unaccepted risks. This is attributed to how people perceived the control over the intended behavior which relies on the availability of resources, competency, educational background, support from other people and past experience in the same project. Therefore, this study aims to identify the factors affecting contractors' risk attitudes and then determine the relationship with government policy. A total of 140 copies of questionnaire were randomly distributed to the construction companies in Malaysia. Out of the 140 copies of questionnaire distributed, 124 copies were returned. Conversely, 12 copies of the questionnaire were found to be unusable due to missing data or provided the same responses to all the questions. Thus, overall, 80% of the total copies of questionnaire were usable thereby making up an effective sample of 112. Smart PLS 3 for structural equation modeling was utilized in confirming the hypotheses developed for the study. The findings of this research confirmed that government policy (rules and regulations) played a moderating role in enhancing the factors affecting contractors’ risk attitudes in construction companies in Malaysia.
format	Article
author	Taofeeq, D. M. Adeleke, A. Q. Hassan, A. K.
author_facet	Taofeeq, D. M. Adeleke, A. Q. Hassan, A. K.
author_sort	Taofeeq, D. M.
title	The Moderating Role of Government Policy on Contractors’ Risk Attitudes in Malaysia Construction Companies
title_short	The Moderating Role of Government Policy on Contractors’ Risk Attitudes in Malaysia Construction Companies
title_full	The Moderating Role of Government Policy on Contractors’ Risk Attitudes in Malaysia Construction Companies
title_fullStr	The Moderating Role of Government Policy on Contractors’ Risk Attitudes in Malaysia Construction Companies
title_full_unstemmed	The Moderating Role of Government Policy on Contractors’ Risk Attitudes in Malaysia Construction Companies
title_sort	moderating role of government policy on contractors’ risk attitudes in malaysia construction companies
publisher	International Society for Everant Publisher
publishDate	2019
url	http://umpir.ump.edu.my/id/eprint/25074/ http://umpir.ump.edu.my/id/eprint/25074/ http://umpir.ump.edu.my/id/eprint/25074/7/The%20Moderating%20Role%20of%20Government%20Policy.pdf
first_indexed	2023-09-18T22:38:19Z
last_indexed	2023-09-18T22:38:19Z
_version_	1777416744756838400

The Moderating Role of Government Policy on Contractors’ Risk Attitudes in Malaysia Construction Companies

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