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Stakeholders’ Risk Perception: A Perspective for Proactive Risk Management in Residential Building Energy Retrofits in China

Author

Listed:
  • Ling Jia

    (Faculty of Architecture and Built Environment, Delft University of Technology, Julianalaan 134, 2628 BL Delft, The Netherlands)

  • Queena K. Qian

    (Faculty of Architecture and Built Environment, Delft University of Technology, Julianalaan 134, 2628 BL Delft, The Netherlands)

  • Frits Meijer

    (Faculty of Architecture and Built Environment, Delft University of Technology, Julianalaan 134, 2628 BL Delft, The Netherlands)

  • Henk Visscher

    (Faculty of Architecture and Built Environment, Delft University of Technology, Julianalaan 134, 2628 BL Delft, The Netherlands)

Abstract

The implementation of energy retrofit of residential buildings faces many risks around the world, especially in China, leading to low retrofit progress. Stakeholders’ proactive risk management is the key to the smooth implementation of retrofit projects but is normally affected by risk perception. Perceived risks instead of real risks are the motivators of their proactive behaviours. This paper aims to understand and address the present risk perception of stakeholders in order to drive effective proactive risk mitigation practices. Based on a risk list identified through a literature review and interviews, a questionnaire survey was then made to analyse and compare different stakeholders’ perceptions of each risk by measuring the levels of their concern about risks. It is validated that all the stakeholder groups tend to mitigate risks perceived highly proactively. Proactive risk management of risk-source-related stakeholders deserves more attention and responsibility-sharing with transaction costs (TCs) considerations contribute to the enhancement of risk perception. More responsibilities of construction quality and maintenance is taken by the government and contractors should be clarified, and the government should also be responsible for assisting design work. Effective information is beneficial to the decrease in homeowners’ risk perception that can motivate their initiative of cooperation.

Suggested Citation

  • Ling Jia & Queena K. Qian & Frits Meijer & Henk Visscher, 2020. "Stakeholders’ Risk Perception: A Perspective for Proactive Risk Management in Residential Building Energy Retrofits in China," Sustainability, MDPI, vol. 12(7), pages 1-25, April.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:7:p:2832-:d:340638
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    Cited by:

    1. Jiefang Ma & Queena Kun Qian & Henk Visscher & Kun Song, 2021. "Homeowners’ Participation in Energy Efficient Renovation Projects in China’s Northern Heating Region," Sustainability, MDPI, vol. 13(16), pages 1-37, August.
    2. Chuhan Chen & Syarmila Hany Haron, 2023. "The Influence of Multistakeholder Value Cognition and Risk Attitudes on Sustainable Interior Landscape Design Decisions," Sustainability, MDPI, vol. 15(3), pages 1-22, February.
    3. Jia, Ling & Qian, Queena K. & Meijer, Frits & Visscher, Henk, 2021. "How information stimulates homeowners’ cooperation in residential building energy retrofits in China," Energy Policy, Elsevier, vol. 157(C).
    4. Arkadiusz Górski & Kamila Urbańska & Agnieszka Parkitna, 2020. "Identification of risks of investments into residential premises for rent in Poland," WORking papers in Management Science (WORMS) WORMS/20/15, Department of Operations Research and Business Intelligence, Wroclaw University of Science and Technology.
    5. Arkadiusz Górski & Agnieszka Parkitna & Kamila Urbańska, 2021. "Identification of risks of investments into residential premises for rent in Poland," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 31(4), pages 53-68.
    6. Chi Jin & Bo Li & Zhaoying Ye & Pengcheng Xiang, 2021. "Identifying the Non-Traditional Safety Risk Paths of Employees from Chinese International Construction Companies in Africa," IJERPH, MDPI, vol. 18(4), pages 1-19, February.

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