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Exploring the Decisive Risks of Green Development Projects by Adopting Social Network Analysis under Stakeholder Theory

Author

Listed:
  • Li Ma

    (Department of Construction Management, Dalian University of Technology, Dalian 116024, China
    School of Business, Dalian University of Technology, Panjin 124221, China)

  • Lin Wang

    (Department of Construction Management, Dalian University of Technology, Dalian 116024, China
    Department of Civil Engineering, Beihua University, Jilin 132013, China)

  • Kuo-Jui Wu

    (School of Business, Dalian University of Technology, Panjin 124221, China)

  • Ming-Lang Tseng

    (School of Business, Dalian University of Technology, Panjin 124221, China
    Institute of Innovation and Circular Economy, Asia University, Taichung 41354, Taiwan)

  • Anthony S. F. Chiu

    (Department of Industrial Engineering, De La Salle University, Manila 1004, Philippines)

Abstract

The Belt and Road initiatives related to green development projects are being increasingly considered globally. However, such projects face several risks resulting from stakeholder diversity. Although previous studies attempted to identify the risks caused by stakeholders, they found it difficult to provide a precise boundary to separate the risks attributable to a single stakeholder. This study adopts social network analysis to explore the decisive risks attributed to each stakeholder by considering a project’s stage. The results reveal that contractors take on the most risk and, thus, require real-time monitoring. Furthermore, all stakeholders need to collaborate with one another during the implementation stage of a project to mitigate the occurrence of risk. This study makes three contributions: it (1) provides a theoretical basis for enhancing the understanding of stakeholder theory; (2) offers specific guidelines for monitoring risks; and (3) enables stakeholders to understand their duties in controlling risks. Detailed discussions are provided in the remainder of the manuscript.

Suggested Citation

  • Li Ma & Lin Wang & Kuo-Jui Wu & Ming-Lang Tseng & Anthony S. F. Chiu, 2018. "Exploring the Decisive Risks of Green Development Projects by Adopting Social Network Analysis under Stakeholder Theory," Sustainability, MDPI, vol. 10(6), pages 1-21, June.
    • Handle: RePEc:gam:jsusta:v:10:y:2018:i:6:p:2104-:d:153478
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    Citations

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    Cited by:

    1. Yunqi Zhao & Jing Xiang & Jiaming Xu & Jinying Li & Ning Zhang, 2019. "Study on the Comprehensive Benefit Evaluation of Transnational Power Networking Projects Based on Multi-Project Stakeholder Perspectives," Energies, MDPI, vol. 12(2), pages 1-21, January.
    2. Awais Ur Rehman & Saqib Farid & Muhammad Abubakr Naeem, 2022. "The link between corporate governance, corporate social sustainability and credit risk of Islamic bonds," International Journal of Emerging Markets, Emerald Group Publishing Limited, vol. 18(12), pages 5990-6014, May.
    3. Ming-Lang Tseng & Phan Anh Tan & Shiou-Yun Jeng & Chun-Wei Remen Lin & Yeneneh Tamirat Negash & Susilo Nur Aji Cokro Darsono, 2019. "Sustainable Investment: Interrelated among Corporate Governance, Economic Performance and Market Risks Using Investor Preference Approach," Sustainability, MDPI, vol. 11(7), pages 1-15, April.

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