Research on Risk Factors System of Investment in Enterprise-Side Urban Renewal Project Based on ISM-MICMAC Method
Publication: ICCREM 2023
ABSTRACT
Since the 14th Five-Year Plan of China, urban renewal has been elevated to the level of national strategy. The research on urban renewal has become a current hot topic. However, as an important role in the urban renewal, enterprises are usually ignored by researchers. Therefore, this study aims to help enterprises address the investment risks in urban renewal projects of the old residential demolition and redevelopment category. Firstly, the relevant literature is collected and anlysed to identify 17 investment risk factors that affect enterprises’ participation in urban renewal projects of the old residential demolition and redevelopment category. Then, the interaction between the investment risk factors is analysed by using the interpretative structural model (ISM). Furthermore, the distribution of drivers and dependencies of the investment risk factors is discovered by using the matrices impacts croises-multiplication appliance classement (MICMAC). The results show that poor management and insufficient feasibility study are the fundamental factors affecting project investment risk. The direct factors that affect the project investment risk are that the project income cannot reach the expectation and the fund operation ability is deficient. This study can provide a more scientific and effective basis for enterprises to implement investment risk control in urban renewal projects.
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Information & Authors
Information
Published In
ICCREM 2023
Pages: 792 - 800
History
Published online: Nov 30, 2023
ASCE Technical Topics:
- Bibliographies
- Business management
- Construction engineering
- Construction management
- Construction methods
- Demolition
- Disaster risk management
- Engineering fundamentals
- Feasibility studies
- Financial management
- Information management
- Infrastructure
- Investments
- Methodology (by type)
- Practice and Profession
- Project management
- Research methods (by type)
- Risk management
- Urban and regional development
- Urban areas
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