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The synergy between human factors and risk attitudes of Malaysian contractors’: Moderating effect of government policy
هم افزایی بین عوامل انسانی و نگرش ریسک از پیمانکاران مالزی: اثر تعدیل کننده سیاست دولت-2020 Many critical factors influence the effectiveness of risk management. There is unanimity among project and risk
practitioners about the most significant factor responsible for risk management: “human factors”. As human
attitude is always reflected in behaviour, there is a high possibility that a contractors behaviour will be by the
attitude. Therefore, this study aims to identify the factors affecting contractors risk attitudes and then determine
the relationship with government policy. A total of 100 copies of questionnaire were randomly distributed to the
construction companies in Kuantan Malaysia. Out of the 100 copies of the questionnaire distributed, 69 copies
were received indicating 72.6% response rate. Thirteen (13) copies of the questionnaire were found to be
unusable due to missing data or errors in the responses to all the questions. Thus, 56 copies of the questionnaire,
indicating 58.9% response rate, were usable. Moreover, with quantitative research design following the positivist
research paradigm, the methodology was designed to focus on the research questions and the objectives.
Organizational Control Theory was used to develop the theoretical framework that investigated G-7 contractors
in the Kuantan Pahang, Malaysian construction companies. SPSS 20.0 & SmartPLS 3 for structural equation
modelling was utilized in testing the hypotheses developed for the study. Government policy moderates the
relationships between the internal factors and contractors risk attitudes among the construction companies
operating in Kuantan, Malaysia. This implies that the findings of the study provides more understanding of the
personal factors that affect contractors risk attitudes to facilitate contractors decision-making process. It also
serves as a useful reference for further studies in the field of construction project management. Keywords: Contractors risk attitude | Risk attitude | Organizational control theory | Government policies | Personal factors | PLS-SEM |
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