Mobile Technology and Institutional Readiness as Drivers of Corporate Governance: The Mediating Role of Risk Management in Infrastructure Projects

Abstract

This study investigated the enhancement of corporate governance in large-scale infrastructure projects through mobile technologies by evaluating the effects of mobile technology use and institutional readiness on corporate governance, with risk management serving as a mediating factor. The study used a quantitative, cross-sectional design and gathered data from 225 people working on large infrastructure projects. Researchers analyzed the data with partial least squares structural equation modeling (PLS-SEM). Results showed that both mobile technology use and institutional readiness had strong positive impacts on risk management, which in turn led to better corporate governance. Mediation analysis confirmed that risk management facilitated the transfer of the benefits of mobile technology and institutional readiness to governance performance. The findings suggest that governance improvements in infrastructure projects depend not only on digital tools but also on organizational readiness and systematic risk oversight. The study concludes that stronger corporate governance results when mobile technology adoption and institutional preparedness are effectively translated into risk management capabilities within complex infrastructure environments.

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