Human factors influencing contractors' risk attitudes: a case study of the Malaysian construction industry

Malaysia is one of the most rapidly developing countries among developing nations. The construction industry has played a major role in Malaysia’s rapid economic growth. Among the major sectors in Malaysia, the importance of the construction industry is unique regardless of the level of the country’...

Mô tả đầy đủ

Chi tiết về thư mục
Những tác giả chính: Taofeeq, D. M., Adeleke, A. Q., Ajibike, W. A.
Định dạng: Bài viết
Ngôn ngữ:English
Được phát hành: UTS ePress 2020
Những chủ đề:
Truy cập trực tuyến:http://umpir.ump.edu.my/id/eprint/28594/1/Human%20factors%20influencing%20contractors%20risk%20attitudes.pdf
_version_ 1825813382763118592
author Taofeeq, D. M.
Adeleke, A. Q.
Ajibike, W. A.
author_facet Taofeeq, D. M.
Adeleke, A. Q.
Ajibike, W. A.
author_sort Taofeeq, D. M.
collection UMP
description Malaysia is one of the most rapidly developing countries among developing nations. The construction industry has played a major role in Malaysia’s rapid economic growth. Among the major sectors in Malaysia, the importance of the construction industry is unique regardless of the level of the country’s development. However, the attitude of the construction industry in Malaysia towards managing contractors’ risk attitudes is very weak. The introduction of the Occupational Safety and Health Act in 1994 by the Malaysian government made all industries in Malaysia to identify risks, conduct risk assessment and control risk. In addition, the Malaysian construction industry simultaneously implemented an integrated system to ensure consistency and better performance of projects. To identify the factors influencing contractors' risk attitudes, relevant literature was reviewed, and a questionnaire survey was conducted. This study focused on the G7 contractors operating in the Malaysian construction industry. One hundred and nineteen copies of a structured questionnaire were analysed with a response rate of 85%. Structural equation modelling was utilized to test the hypotheses developed for the study. Results showed that government policies played a moderating role in enhancing the relationship between human-related factors affecting contractors’ risk attitudes in the construction industry.
first_indexed 2024-03-06T12:43:09Z
format Article
id UMPir28594
institution Universiti Malaysia Pahang
language English
last_indexed 2024-03-06T12:43:09Z
publishDate 2020
publisher UTS ePress
record_format dspace
spelling UMPir285942021-02-26T03:09:20Z http://umpir.ump.edu.my/id/eprint/28594/ Human factors influencing contractors' risk attitudes: a case study of the Malaysian construction industry Taofeeq, D. M. Adeleke, A. Q. Ajibike, W. A. TA Engineering (General). Civil engineering (General) Malaysia is one of the most rapidly developing countries among developing nations. The construction industry has played a major role in Malaysia’s rapid economic growth. Among the major sectors in Malaysia, the importance of the construction industry is unique regardless of the level of the country’s development. However, the attitude of the construction industry in Malaysia towards managing contractors’ risk attitudes is very weak. The introduction of the Occupational Safety and Health Act in 1994 by the Malaysian government made all industries in Malaysia to identify risks, conduct risk assessment and control risk. In addition, the Malaysian construction industry simultaneously implemented an integrated system to ensure consistency and better performance of projects. To identify the factors influencing contractors' risk attitudes, relevant literature was reviewed, and a questionnaire survey was conducted. This study focused on the G7 contractors operating in the Malaysian construction industry. One hundred and nineteen copies of a structured questionnaire were analysed with a response rate of 85%. Structural equation modelling was utilized to test the hypotheses developed for the study. Results showed that government policies played a moderating role in enhancing the relationship between human-related factors affecting contractors’ risk attitudes in the construction industry. UTS ePress 2020-03-21 Article PeerReviewed pdf en cc_by_4 http://umpir.ump.edu.my/id/eprint/28594/1/Human%20factors%20influencing%20contractors%20risk%20attitudes.pdf Taofeeq, D. M. and Adeleke, A. Q. and Ajibike, W. A. (2020) Human factors influencing contractors' risk attitudes: a case study of the Malaysian construction industry. Construction Economics and Building, 20 (1). pp. 96-116. ISSN 2204-9029. (Published) https://doi.org/10.5130/AJCEB.v20i1.6735 https://doi.org/10.5130/AJCEB.v20i1.6735
spellingShingle TA Engineering (General). Civil engineering (General)
Taofeeq, D. M.
Adeleke, A. Q.
Ajibike, W. A.
Human factors influencing contractors' risk attitudes: a case study of the Malaysian construction industry
title Human factors influencing contractors' risk attitudes: a case study of the Malaysian construction industry
title_full Human factors influencing contractors' risk attitudes: a case study of the Malaysian construction industry
title_fullStr Human factors influencing contractors' risk attitudes: a case study of the Malaysian construction industry
title_full_unstemmed Human factors influencing contractors' risk attitudes: a case study of the Malaysian construction industry
title_short Human factors influencing contractors' risk attitudes: a case study of the Malaysian construction industry
title_sort human factors influencing contractors risk attitudes a case study of the malaysian construction industry
topic TA Engineering (General). Civil engineering (General)
url http://umpir.ump.edu.my/id/eprint/28594/1/Human%20factors%20influencing%20contractors%20risk%20attitudes.pdf
work_keys_str_mv AT taofeeqdm humanfactorsinfluencingcontractorsriskattitudesacasestudyofthemalaysianconstructionindustry
AT adelekeaq humanfactorsinfluencingcontractorsriskattitudesacasestudyofthemalaysianconstructionindustry
AT ajibikewa humanfactorsinfluencingcontractorsriskattitudesacasestudyofthemalaysianconstructionindustry