期刊名称：International Journal of Strategic Property Management
印刷版ISSN：1648-715X
电子版ISSN：1648-9179
出版年度：2022
卷号：26
期号：2
页码：127-140
DOI：10.3846/ijspm.2022.16477
语种：English
出版社：Vilnius Gedinimas Technical University
摘要：In public-private partnerships (PPPs), escalation of commitment (EOC) of investors often occurs when receiving negative feedback, leading to a great waste of resources and not conducive to the sustainable development of PPPs. The degree of project completion and decision-making responsibilities of investors with different conscientiousness and neuroticism may affect subsequent resource allocation and further influence their escalation behaviour. Thus, through scenario simulation, this paper constructs path analysis to illustrate the formation mechanism of EOC by investors with diverse conscientiousness and neuroticism in different degrees of decision-making responsibilities and project completion, in which confidence in completing the projects may present a mediating effect. The empirical results show that completion degree and decision-making responsibilities both positively affect investors’ EOC and that the interaction is significant. The impact mechanism of conscientiousness and neuroticism on EOC varies in different project scenarios. Then, some targeted recommendations are proposed to curb EOC. The findings provide scientific evidence for governments to conduct effective governance of EOC in PPPs.
关键词：public-private partnerships (PPPs);escalation of commitment (EOC);path analysis;conscientiousness;neuroticism
