Relationship between project success and the success factors in public–private partnership projects: A structural equation model

Public–private partnership (PPP) has been widely applied in China and many developing countries in the recent decade. As new PPP projects gradually enter the operational phase, the issue of refinancing becomes increasingly important. PPP–ABS plays an indispensable role in PPP project refinancing. The factors that promote the success of the emerging PPP–ABS in the China financial market need to be determined. To accomplish two objectives, namely, to identify critical success factors (CSFs) and to explore the relationship between these factors and the success of the PPP asset-backed securitization (PPP–ABS) of this research, methods such as a questionnaire survey and structural equation modeling (SEM) were conducted successively. Four success factors, including underlying asset quality (UAQ), original equity holder credit (OEHC), rationality of security design (RoSD) and maturity of relative institutions (MoRI), were identified in this study. Consequently, nineteen theoretical hypotheses were developed and tested. It is shown in the SEM approach that UAQ and OEHC positively influence the success of PPP–ABS, alongside issuance characteristics (IC) that mediate the relationship between the success of PPP–ABS and UAQ, RoSD and MoRI, respectively. This finding increased knowledge of PPP–ABS and how investors and government can benefit from it.

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Exploring Critical Success Factors for Public Private Partnership Case Study: The Educational Sector in Egypt

Journal of Open Innovation Technology Market and Complexity ◽

10.3390/joitmc6040142 ◽

2020 ◽

Vol 6 (4) ◽

pp. 142

Author(s):

Riham Helmy ◽

Nevien Khourshed ◽

Mohamed Wahba ◽

Alaa Abd El Bary

Keyword(s):

Structural Equation ◽

Critical Success Factors ◽

Success Factors ◽

Public Private Partnership ◽

Equation Modeling ◽

Successful Implementation ◽

Structured Interviews ◽

Private Partnership ◽

Survey Tool ◽

Critical Success

This research aims to explore and identify the critical success factors (CSFs) needed to facilitate and guarantee the implementation of successful public private partnership (PPP) projects in the education sector in Egypt. Thus, the research proposed a CSFs model based on an exhaustive literature review to identify CSFs for PPPs’ successful implementation. The identified 21 CSFs were divided into four groups: political, legal, economic and financial as well as operational and managerial. A qualitative and quantitative analysis that involved semi-structured interviews and a questionnaire survey tool was applied to gather required data. Then, data were analyzed using the Nvivo program, correlation, and structural equation modeling (SEM) to test the hypothesis for the research. The results showed that the set of four CSFs groups which are political, legal, economic and financial as well as managerial and operational have positive significant impacts on successful PPP implementation in education in Egypt. Results also show that managerial and operational factors are the most significant factors followed by legal factors, political factors, then economic and financial factors. Finally, it is worth mentioning that the research findings provide the private sector investor with the direction, clarity and guidance essential to create the confidence needed to invest in the education market and programs in Egypt. It also provides public sector employees with a clear vision for the environment and conditions needed to embrace PPP projects in the sector of education in Egypt.

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CRITICAL ORGANIZATIONAL SUCCESS FACTORS FOR PUBLIC PRIVATE PARTNERSHIP PROJECTS – A COMPARISON OF SOLICITED AND UNSOLICITED PROPOSALS

Journal of Civil Engineering and Management ◽

10.3846/13923730.2013.802715 ◽

2015 ◽

Vol 21 (2) ◽

pp. 131-143 ◽

Cited By ~ 26

Author(s):

Sungmin Yun ◽

Wooyong Jung ◽

Seung Heon Han ◽

Heedae Park

Keyword(s):

Risk Sharing ◽

Success Factors ◽

Project Success ◽

Public Private Partnership ◽

Mitigation Strategies ◽

Organizational Success ◽

Private Partnership ◽

Project Participants ◽

The Impact ◽

Practical Recommendations

Public Private Partnership (PPP) projects are typically initiated through solicited or unsolicited proposals. The difference between the processes according to the proposal mode often leads to different levels of involvement and responsibilities for the public and private sectors. However, no robust research exists to capture the differences, depending on the proposal mode, in the roles and involvement of project participants and the impact of those differences on project success. This study intends to explore the critical organizational success factors contributing to the success of PPP projects according to the proposal mode and to provide practical recommendations for project success from organizational perspectives. To assess the factors, 141 questionnaire surveys were conducted with participants in 32 PPP projects. The major findings indicated that “Project Implementation Capability” had the most critical influence on solicited projects, whereas “Risk Sharing and Mitigation Strategies” was the most significant in unsolicited projects. In addition, “Interorganization Coordination” among project participants was essential to the success for both solicited and unsolicited projects. Government roles and involvement were also critical, although their contributions were relatively less important than other critical organizational success factors. Based on the findings, practical recommendations were provided for the success of solicited and unsolicited projects.

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An empirical investigation of the impacts of internal/external facilitators on the project success of ERP: A structural equation model

Decision Support Systems ◽

10.1016/j.dss.2010.11.005 ◽

2011 ◽

Vol 50 (2) ◽

pp. 480-490 ◽

Cited By ~ 40

Author(s):

Wen-Hsien Tsai ◽

Michael J. Shaw ◽

Yi-Wen Fan ◽

Jau-Yang Liu ◽

Kuen-Chang Lee ◽

...

Keyword(s):

Structural Equation Model ◽

Structural Equation ◽

Empirical Investigation ◽

Project Success ◽

Equation Model

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Success Factors and Sustainability of the K-Pop Industry: A Structural Equation Model and Fuzzy Set Analysis

Sustainability ◽

10.3390/su13115927 ◽

2021 ◽

Vol 13 (11) ◽

pp. 5927

Author(s):

Joon-ho Kim ◽

Seung-hye Jung ◽

Jung-sik Roh ◽

Hyun-ju Choi

Keyword(s):

Social Media ◽

Structural Equation Model ◽

Behavioral Intention ◽

Structural Equation ◽

Success Factors ◽

Positive Influence ◽

Equation Model ◽

Sem Analysis ◽

Citizenship Behavior ◽

Significant Positive Influence

As the popularity of K-pop grows, the industry is contributing to the positive perceptions of South Korea’s overall national brand value. This has led to it being considered a strategic industry worth cultivating. However, many people are unsure of its sustainability. To address this, our study investigates the factors that are key to the industry’s success—K-pop industry success factors—and their relationship with sustainability (SNS citizenship behavior and tourist behavioral intention). The study surveyed 1247 global viewers (eight countries) who listen to K-pop via TV, radio, and the Internet, watch K-pop videos on YouTube, and search information related to K-pop on SNS. The collected data were analyzed using two statistical techniques: structural equation model (SEM) analysis and fuzzy set-quality comparative analysis (fsQCA). (1) According to the SEM analysis, of the K-pop success factors, three factors demonstrated a statistically significant positive influence on SNS citizenship behavior: casting, producing/promotion, and content. (2) SNS citizenship behavior showed a statistically significant positive influence on tourist behavioral intention. (3) According to the fsQCA results, casting, training, social media, content, and SNS citizenship behavior were commonly derived at least three times, indicating that these are key factors impacting tourist behavioral intention. (4) In summary, results confirmed that, with the exception of producers, the five K-pop success factors, casting, training, producing/promotion, social media, and content, are crucial to sustainability and to increasing tourist behavioral intention.

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