Abstract
Studies on the factors affecting public risk perception of high-speed railway projects in Thailand are very limited. The aim of this study was to assess the influencing factors of public railway project risk perception, which described the public trust degrees of government, enterprise, media and experts with a combination of variables. Therefore, the study used the widely accepted influential factors and proposed a comprehensive framework to clarify the mechanism among various factors in the public risk perception. Dataset of 675 samples was collected from Don Muang area Bangkok, Pak Thong Chai, Pak Chong, Kaengkhoi area, and Nakhon Ratchasima Province, Thailand through questionnaire. Rationality of the questionnaire was ensured through its high reliability and efficiency. The dimension hypothesis of the second-order factor was validated by confirmatory factor analysis, and the relationship among information acquisition, trust, emotion and risk perception was analyzed through the structural equation model. The results show that, within the factors that affect risk perception, the public has a more direct effect on the factors of social emotion of railway projects compared with information acquirement and the factors of trust level of each subject. This study exerts practical implications to reduce public risk perception of railway projects and promote the development of railway in Thailand.
Highlights
The International Summit Forum at Beijing in May 2017 represented the remarkable success of the contributions of the past three years of “Belt and Road Initiative”
During September and October 2013, President Xi Jinping visited Central and Southeast Asian countries, where he proposed a major initiative to build the “Silk Road Economic Belt” and “21st-Century Maritime Silk Road”, which received a positive response from Thai government
The dimension hypothesis of the second-order factor was validated by confirmatory factor analysis, and the relationship between information acquisition, trust, emotion and risk perception was analyzed through the structural equation model
Summary
The International Summit Forum at Beijing in May 2017 represented the remarkable success of the contributions of the past three years of “Belt and Road Initiative”. It will play a greater role in the world economy. In November 2014, when Thai Prime Minister Yasushi Akira attended APEC leaders’ meeting in Beijing, he said that [1], “Thailand is exploring a path of development which meets its own national realities and hopes to make exchanges and deepen cooperation with China. In December the same year, Prime Minister Paryuth Chan-ocha visited China again and reiterated that Thailand is willing to actively participate in “the Belt and Road Initiative”
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