Identification and Assessment of Key Political Risk Factors Influencing Corporate Performance of International Construction Companies in North- Eastern (NE), Nigeria

Subject Areas : Urban Design

John Adebiyi ¹ , abriel Sanni ²

1 - Department of Quantity Surveying University of Benin
2 - Department of Quantity Surveying, Faculty of Environmental Sciences, University of Benin, Benin, Nigeria.

Received: 2017-12-14 Accepted : 2018-11-13 Published : 2019-03-01

Keywords:

References:

Aaron, K.K. (2010) ‘Two thesis on corporate social responsibility failure in the Niger-Delta Nigeria’, in Aaron, K.K., & George, D.(ed.) Placebo as medicine: the poverty of development intervention and conflict resolution strategies in the Niger-Delta region of Nigeria. Port-Harourt: Kemulea publications, 158-177.

Adebiyi, J. O., (2011). Managerial Perception of Political Risk by International

Adetoro, R.A. (2012). Boko Haram insurgency in Nigeria as a symptom of poverty and political alienation. Journal of Humanities and Social Sciences. 3(5), 21-26.

Al Khattab, A., Anchor, J., & Davies, E. (2007). Managerial perceptions of

Alon, I., Gurumoorthy, R., Mitchell, M.C., Steen, T. (2006), ‘Managing micro

Aswathappa, K. (2008) International Business, 3^rd edn., New Delhi: Tata McGraw Hill.

Baas, D. (2010), ‘Approaches and challenges to political risk assessment: the view from export development Canada’, Risk Management, Vol. 12(2), pp 135-162.

Bohstedt, J. (2010), The politics of provisions: food riots, moral economy and

Brink, C. (2004). Measuring International Risk: Risks to Foreign Investment.

Burutai T. (2017) Insurgency and the role of the Army in creating conducive environment for Nigeria’s Economic Development, available athttps://www.vanguardngr.com/2017/08/economic-impact-boko-haram-terro-ne-estimated-9bn-buratai, Accessed on 1st November, 2017.

Butler K & Joaquin D., (1998), ‘A note on political risk and the required return on

Chinas water PPP market, International Journal of Project Management, Vol. 28(6), pp. 580-592.

Choi, J., Chung, J., Lee, D. (2010). Risk perception analysis: participation in

Construction Companies Operating in Port Harcourt, Nigeria, Msc. Thesis, Northumbria University, UK.

Czinkota, M. R., Knight, G., Liesch, P. W., & Steen, J. (2010). Terrorism and  De Mortanges, C. P., & Allers, V. (1996). Political risk assessment: Theory and the experience of Dutch firms. International Business Review, 5(3), 303-318.

Deng, X. P., and Low, S. P. (2013). “Understanding the critical variables affecting the level of political risks in international construction projects.” KSCE J. Civ. Eng., 17(5), 895–907.

Deng, X., Low, S. P., Li, Q., & Zhao, X. (2014). Developing competitive advantages in political risk management for international construction enterprises. Journal of Construction Engineering and Management, 140(9), 04014040.

Dikmen, I., Birgonul, M. T., & Han, S. (2007) ‘Using fuzzy risk assessment to rate cost overrun risks in international construction projects’, International Journal of Project Management, Vol. 25(7), pp. 494–505.

Erkan, M., (2011) International Energy Investment Law: stability through contractual clauses, The Netherlands: Kluwer Law International.

foreign direct investment’, Journal of International Business Studies, Vol. 29(3), Pp. 599–608.

Gilbert, L. D. (2014). Prolongation of Boko Haram insurgency in Nigeria: the international dimensions. Research on Humanities and Social Sciences, 4(11), 150-156.

Hardcastle, D. A., Powers, P. R., & Wenocur, S. (2004). Community practice: Theories and skills for social workers. Oxford University Press, USA.

Hashmi A and Guvenli T. (1992). Importance of political risk assessment functions in U.S. multinational corporations. Global Finance Journal; 3(2): 137-144.

Hood J and Nawaz M. (2004). Political risk exposure and management in multi-national companies: Is there a role for the corporate risk manager? An International Journal Risk Management, 6(1): 7-18.

Howell, L. D., and Chaddick, B. (1994). Models of political risk for foreign Investment and trade. Columbia Journal of World Business, 29(3), 70–90.

Howell, L.D. (2001). The handbook of country and political risk analysis (3^rded.). USA: Political Risk Services Group.

International business: A research agenda. Journal of International Business Studies, 41(5), 826-843.

Jakobsen, J. (2010) ‘Old problems remain, new ones crop up: Political risk in the 21^st century’, Business Horizons, Vol. 53(5), pp. 481-490.

Keillor, B, D., Wilkinson, T, J., Owens, D. (2005) ‘Threats to international operations: dealing with political risk at the firm level'. Journal of Business Research, Vol. 58(5), pp. 629–635.

Low, S. P., Liu, J. Y., and He, Q. S. (2009). “External risk management practices of Chinese construction firms in Singapore.” KSCE J. Civ. Eng., 13(2), 85–95.

market transition in England, Surrey: Ashgate publishing company.

MIGA (2009), World investment and political risk, Washington: World Bank Group.

Minor, J. (2003) Mapping the new political risk. Risk Management Journal, 50(3), pp.16–22.

Mohammed, K. (2014). The message and methods of Boko Haram. Islamism, politics, security and the state in Nigeria, 9.

Morales-Rios, R., Gamberger, D., Smuc, T., Azuaje, F. (2009) ‘Innovative methods in assessing political risk of business internationalization’, Research in International Business and Finance, 23(1), pp. 144-156.

Ngwama, J. C. (2014). Kidnapping in Nigeria: An emerging social crime and the implications for the labour market. International Journal of Humanities and Social Science, 4(1), 133-145.

Obi, C. (2009). ‘Nigeria’s Niger-delta: understanding the complex drivers of violent oil related conflict’, Council for Development of Social Science Research in Africa, Vol. 34(2), pp. 103-128.

Ogbonnaya, U.M. & Ehigiamusoe, U.K. (2013). Niger Delta militancy and Boko Haram Insurgency: National security in Nigeria. Global Security Studies, 4(3), 1-14.

Ohihon, I. B. (2016). Boko Haram: Islamism, politics, security and the state in Nigeria. Politics and Religion Journal, 9(1), 135-137.

Olaniyan, O. D. (2015). Effect of boko haram insurgency on The Nigerian education system. Journal of Research, 24(2). Pp 1-9

Omotola, J.S., Patrick, J.M. (2010) State response to the Niger-Delta question: the OMPADEC and NDDC compared, in, Aaron, K, K., & George, D.,(ed.), Placebo as medicine: the poverty of development intervention and conflict resolution strategies in the Niger-Delta region of Nigeria. Port-Harcourt, Kemulea publications, Pp. 158-177.

Osumah O. (2013) Boko Haram insurgencies in Northern Nigeria and the vicious cycle of international security. Journal of Small Wars and Insurgencies. Vol. 1(3).

Pérouse de Montclos, M. A. (2014). Boko Haram: Islamism, politics, security and the state in Nigeria (p. 275). African Studies Centre, Leiden.

political risk in international projects. International Journal of Project Management, Vol.25, No. 7, Pp. 734-743.

political risk: a cross-sector examination’, Thunderbird International Business Review, Vol. 48(5), pp. 623-642.

Rice G and Mahmoud E. (1990). Political risk forecasting by Canadian firms. International Journal of Forecasting  6: 89-102.

Stosberg J.(2005)  Political risk and the institutional environment for foreign direct investment in Latin America. Frankfurt: Peter Lang publishers.

Voelker, C., Permana, A., Sachs, T., Tiong, R.(2008) ‘Political risk perception in Indonesian’, Journal of Financial Management of Property and Construction, Vol. 13(1), pp. 18-34.

Weber, C. (2010), ‘Quantification of Political Risk in Energy Foresight - A Method Overview’, available at www.isisit.com/efonet/index.php?option=com_docman&task=doc...gid. Accessed on 10^th August 2015.

Zayed, T., Amer, M., Pan, J. (2007) ‘Assessing risk and uncertainty in Chinese highway projects using AHP’, International Journal of Project Management, 26(4), pp. 408-419.

Zhuang, L., Ritchie, R., and Zhang, Q. (1998). Managing business risks in China. Long Range Planning, 31(4), 606–614.