IDEAS home Printed from https://ideas.repec.org/a/wly/sustdv/v30y2022i6p1542-1561.html
   My bibliography  Save this article

Renewable energy project success: Internal versus external stakeholders' satisfaction and influences of power‐interest matrix

Author

Listed:
  • Rashid Maqbool
  • Yahya Rashid
  • Saleha Ashfaq

Abstract

Stakeholders satisfaction, as well as an effective involvement, is of utmost importance for any mega project, when it comes to the public concerning projects this role becomes more essential. In the case of developing countries where the political, economic and administrative settings are challenging, managing all the key stakeholders satisfaction for prosperous projects becomes extremely intricated, no matter even it is about sustainable and renewable energy projects. Studies have been conducted on project governance and shareholder relationships, nevertheless, the role of power‐interest matrix in maximizing stakeholder satisfaction on renewable energy projects has not been fully explored in the literature. This research was attempted to investigate the direct and indirect influencing mechanisms of the stakeholders satisfaction in conjunction with five critical success factors (CSFs) (namely communication factors, team factors, technical factors, organizational factors and environmental factors) in the renewable energy projects. Alongside a direct link of the CSFs in renewable energy projects, an indirect influence of both the internal and external stakeholders satisfaction has been also checked in this research. A quantitative approach was used to collect the questionnaire survey based data from the professionals working in the renewable energy industry of Pakistan. A snowball sampling technique was used to collect a total of 565 valid responses from the professionals working on medium and large scale renewable energy projects. The structural equation modelling (SEM) technique was used to perform the data analysis and provide inferences between the direct impacts of CSFs and indirect influences of internal and external stakeholders satisfaction in the renewable energy projects. The first stage of the SEM analysis depicts the direct impacts of the CSFs on renewable energy projects. However, in the second stage, though the mediating role of internal stakeholders satisfaction was observed in between all the CSFs and project success, external stakeholders satisfaction was found to be significantly mediating only between the communication factors and environmental factors, and renewable energy project success. Though the findings provide useful guidelines for the professionals, policymakers and administrators that in order to have prosperous renewable energy projects the influence of both the internal and external stakeholders satisfaction is important alongside CSFs, however, the role of internal stakeholders satisfaction is more critical to consider for such sustainable projects.

Suggested Citation

  • Rashid Maqbool & Yahya Rashid & Saleha Ashfaq, 2022. "Renewable energy project success: Internal versus external stakeholders' satisfaction and influences of power‐interest matrix," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(6), pages 1542-1561, December.
    • Handle: RePEc:wly:sustdv:v:30:y:2022:i:6:p:1542-1561
    DOI: 10.1002/sd.2327
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/sd.2327
    Download Restriction: no
    File URL: https://libkey.io/10.1002/sd.2327?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Büyüközkan, Gülçin & Karabulut, Yağmur, 2017. "Energy project performance evaluation with sustainability perspective," Energy, Elsevier, vol. 119(C), pages 549-560.
    2. Junqi Liu & Yanlin Ma & Andrea Appolloni & Wenjuan Cheng, 2021. "How external stakeholders drive the green public procurement practice? An organizational learning perspective," Journal of Public Procurement, Emerald Group Publishing Limited, vol. 21(2), pages 138-166, June.
    3. Fabricio Stocker & Michelle P. de Arruda & Keysa M. C. de Mascena & João M. G. Boaventura, 2020. "Stakeholder engagement in sustainability reporting: A classification model," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(5), pages 2071-2080, September.
    4. Mohammad A. Ali, 2017. "Stakeholder Salience for Stakeholder Firms: An Attempt to Reframe an Important Heuristic Device," Journal of Business Ethics, Springer, vol. 144(1), pages 153-168, August.
    5. Shahbaz, Muhammad & Zeshan, Muhammad & Afza, Talat, 2012. "Is energy consumption effective to spur economic growth in Pakistan? New evidence from bounds test to level relationships and Granger causality tests," Economic Modelling, Elsevier, vol. 29(6), pages 2310-2319.
    6. Harijan, Khanji & Uqaili, Mohammad A. & Memon, Mujeebuddin & Mirza, Umar K., 2011. "Forecasting the diffusion of wind power in Pakistan," Energy, Elsevier, vol. 36(10), pages 6068-6073.
    7. Stefan Olander, 2007. "Stakeholder impact analysis in construction project management," Construction Management and Economics, Taylor & Francis Journals, vol. 25(3), pages 277-287.
    8. Margaret Brunton & Gabriel Eweje & Nazim Taskin, 2017. "Communicating Corporate Social Responsibility to Internal Stakeholders: Walking the Walk or Just Talking the Talk?," Business Strategy and the Environment, Wiley Blackwell, vol. 26(1), pages 31-48, January.
    9. Derek Walker & Lynda Margaret Bourne & Arthur Shelley, 2008. "Influence, stakeholder mapping and visualization," Construction Management and Economics, Taylor & Francis Journals, vol. 26(6), pages 645-658.
    10. Birte Freudenreich & Florian Lüdeke-Freund & Stefan Schaltegger, 2020. "A Stakeholder Theory Perspective on Business Models: Value Creation for Sustainability," Journal of Business Ethics, Springer, vol. 166(1), pages 3-18, September.
    11. Laura Levaggi & Rosella Levaggi & Carmen Marchiori & Carmine Trecroci, 2020. "Waste-to-Energy in the EU: The Effects of Plant Ownership, Waste Mobility, and Decentralization on Environmental Outcomes and Welfare," Sustainability, MDPI, vol. 12(14), pages 1-12, July.
    12. Sahir, Mukhtar H. & Qureshi, Arshad H., 2008. "Assessment of new and renewable energy resources potential and identification of barriers to their significant utilization in Pakistan," Renewable and Sustainable Energy Reviews, Elsevier, vol. 12(1), pages 290-298, January.
    13. Kaldellis, J.K. & Kapsali, M. & Kaldelli, El. & Katsanou, Ev., 2013. "Comparing recent views of public attitude on wind energy, photovoltaic and small hydro applications," Renewable Energy, Elsevier, vol. 52(C), pages 197-208.
    14. Martin D. Heintzelman & Carrie M. Tuttle, 2012. "Values in the Wind: A Hedonic Analysis of Wind Power Facilities," Land Economics, University of Wisconsin Press, vol. 88(3), pages 571-588.
    15. Xu, Pengpeng & Chan, Edwin Hon-Wan & Qian, Queena Kun, 2011. "Success factors of energy performance contracting (EPC) for sustainable building energy efficiency retrofit (BEER) of hotel buildings in China," Energy Policy, Elsevier, vol. 39(11), pages 7389-7398.
    16. Riad Shams, S.M. & Vrontis, Demetris & Chaudhuri, Ranjan & Chavan, Gitesh & Czinkota, Michael R., 2020. "Stakeholder engagement for innovation management and entrepreneurial development: A meta-analysis," Journal of Business Research, Elsevier, vol. 119(C), pages 67-86.
    17. Paul Aligica, 2006. "Institutional and Stakeholder Mapping: Frameworks for Policy Analysis and Institutional Change," Public Organization Review, Springer, vol. 6(1), pages 79-90, March.
    18. Lam, J.C.K. & Woo, C.K. & Kahrl, F. & Yu, W.K., 2013. "What moves wind energy development in China? Show me the money!," Applied Energy, Elsevier, vol. 105(C), pages 423-429.
    19. Yuanli Li & Pengcheng Xiang & Kairui You & Jin Guo & Zhaowen Liu & Hong Ren, 2021. "Identifying the Key Risk Factors of Mega Infrastructure Projects from an Extended Sustainable Development Perspective," IJERPH, MDPI, vol. 18(14), pages 1-29, July.
    20. Ashfaq, Saleha & Tang, Yong & Maqbool, Rashid, 2019. "Volatility spillover impact of world oil prices on leading Asian energy exporting and importing economies’ stock returns," Energy, Elsevier, vol. 188(C).
    21. Zhao, Zhen-Yu & Zuo, Jian & Zillante, George & Wang, Xin-Wei, 2010. "Critical success factors for BOT electric power projects in China: Thermal power versus wind power," Renewable Energy, Elsevier, vol. 35(6), pages 1283-1291.
    22. Zhao, Zhen-Yu & Chen, Yu-Long & Chang, Rui-Dong, 2016. "How to stimulate renewable energy power generation effectively? – China's incentive approaches and lessons," Renewable Energy, Elsevier, vol. 92(C), pages 147-156.
    23. Robert Newcombe, 2003. "From client to project stakeholders: a stakeholder mapping approach," Construction Management and Economics, Taylor & Francis Journals, vol. 21(8), pages 841-848.
    24. Fang, Yiping & Zeng, Yong, 2007. "Balancing energy and environment: The effect and perspective of management instruments in China," Energy, Elsevier, vol. 32(12), pages 2247-2261.
    25. Angeloudis, Athanasios & Falconer, Roger A., 2017. "Sensitivity of tidal lagoon and barrage hydrodynamic impacts and energy outputs to operational characteristics," Renewable Energy, Elsevier, vol. 114(PA), pages 337-351.
    26. Ashfaq, Saleha & Tang, Yong & Maqbool, Rashid, 2020. "Dynamics of spillover network among oil and leading Asian oil trading countries’ stock markets," Energy, Elsevier, vol. 207(C).
    27. Cristina Pedrosa Ortega & Mª Jesús Hernández-Ortiz & Elia García Martí & Manuel Carlos Vallejo Martos, 2019. "The Stakeholder Salience Model Revisited: Evidence from Agri-Food Cooperatives in Spain," Sustainability, MDPI, vol. 11(3), pages 1-14, January.
    28. Leonidou, Erasmia & Christofi, Michael & Vrontis, Demetris & Thrassou, Alkis, 2020. "An integrative framework of stakeholder engagement for innovation management and entrepreneurship development," Journal of Business Research, Elsevier, vol. 119(C), pages 245-258.
    29. Jones, Christopher R. & Richard Eiser, J., 2010. "Understanding 'local' opposition to wind development in the UK: How big is a backyard?," Energy Policy, Elsevier, vol. 38(6), pages 3106-3117, June.
    30. Margaret A. Peteraf & Jay B. Barney, 2003. "Unraveling the resource-based tangle," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 24(4), pages 309-323.
    31. Qi, Tianyu & Zhang, Xiliang & Karplus, Valerie J., 2014. "The energy and CO2 emissions impact of renewable energy development in China," Energy Policy, Elsevier, vol. 68(C), pages 60-69.
    32. Bhatt, Brijesh & Singh, Anoop, 2020. "Stakeholders’ role in distribution loss reduction technology adoption in the Indian electricity sector: An actor-oriented approach," Energy Policy, Elsevier, vol. 137(C).
    33. Maqbool, Rashid, 2018. "Efficiency and effectiveness of factors affecting renewable energy projects; an empirical perspective," Energy, Elsevier, vol. 158(C), pages 944-956.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Maqbool, Rashid, 2018. "Efficiency and effectiveness of factors affecting renewable energy projects; an empirical perspective," Energy, Elsevier, vol. 158(C), pages 944-956.
    2. Rashid Maqbool & Xiaomei Deng & Saleha Ashfaq, 2020. "Success of renewable energy projects under the financial and non‐financial performance measures," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(5), pages 1366-1375, September.
    3. Hussain, Shahid & Xuetong, Wang & Maqbool, Rashid & Hussain, Mustansar & Shahnawaz, Muhammad, 2022. "The influence of government support, organizational innovativeness and community participation in renewable energy project success: A case of Pakistan," Energy, Elsevier, vol. 239(PC).
    4. Rasool, Samma Faiz & Chin, Tachia & Wang, Mansi & Asghar, Ali & Khan, Anwar & Zhou, Li, 2022. "Exploring the role of organizational support, and critical success factors on renewable energy projects of Pakistan," Energy, Elsevier, vol. 243(C).
    5. Tomasz Kusio & Mariantonietta Fiore, 2022. "Which Stakeholders’ Sector Matters in Rural Development? That Is the Problem," Energies, MDPI, vol. 15(2), pages 1-16, January.
    6. Shabir Hussain Malik & Weizhong Fu & Samma Faiz Rasool & Gowhar Ahmad Wani & Shah Zaman & Najaf Ali Wani, 2023. "Investigating the Impact of Communication Factors and Stakeholders Engagement on Renewable Energy Projects in Pakistan," Sustainability, MDPI, vol. 15(14), pages 1-14, July.
    7. Krekel, Christian & Zerrahn, Alexander, 2017. "Does the presence of wind turbines have negative externalities for people in their surroundings? Evidence from well-being data," Journal of Environmental Economics and Management, Elsevier, vol. 82(C), pages 221-238.
    8. Zerrahn, Alexander & Krekel, Christian, 2015. "Sowing the Wind and Reaping the Whirlwind? The Effect of Wind Turbines on Residential Well-Being," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112956, Verein für Socialpolitik / German Economic Association.
    9. Ciampi, Francesco & Faraoni, Monica & Ballerini, Jacopo & Meli, Francesco, 2022. "The co-evolutionary relationship between digitalization and organizational agility: Ongoing debates, theoretical developments and future research perspectives," Technological Forecasting and Social Change, Elsevier, vol. 176(C).
    10. Zhengqi He & Dechun Huang & Changzheng Zhang & Junmin Fang, 2018. "Toward a Stakeholder Perspective on Social Stability Risk of Large Hydraulic Engineering Projects in China: A Social Network Analysis," Sustainability, MDPI, vol. 10(4), pages 1-15, April.
    11. Ahmad Salman & Mastura Jaafar & Diana Mohamad & Mana Khoshkam, 2023. "Understanding Multi-stakeholder Complexity & Developing a Causal Recipe (fsQCA) for achieving Sustainable Ecotourism," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(9), pages 10261-10284, September.
    12. Jiang, Jingxian & Ellis, Gary D. & Ettekal, Andrea V. & Nelson, Chad, 2022. "Situational engagement experiences: Measurement options and theory testing," Journal of Business Research, Elsevier, vol. 150(C), pages 223-236.
    13. Berardi, Umberto, 2013. "Stakeholders’ influence on the adoption of energy-saving technologies in Italian homes," Energy Policy, Elsevier, vol. 60(C), pages 520-530.
    14. Parvez Alam Khan & Satirenjit Kaur Johl & Shireenjit K. Johl, 2021. "Does adoption of ISO 56002‐2019 and green innovation reporting enhance the firm sustainable development goal performance? An emerging paradigm," Business Strategy and the Environment, Wiley Blackwell, vol. 30(7), pages 2922-2936, November.
    15. Amjad Ali & Wuhua Li & Rashid Hussain & Xiangning He & Barry W. Williams & Abdul Hameed Memon, 2017. "Overview of Current Microgrid Policies, Incentives and Barriers in the European Union, United States and China," Sustainability, MDPI, vol. 9(7), pages 1-28, June.
    16. Md. Mashiur Rahman & Madad Ali & Naveed Malik & Muhammad Salman Ahmad & Fahad Asmi, 2017. "Essential Skills for Project Stakeholders Identification: Sustainability Perspective," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 7(8), pages 43-55, August.
    17. Ashfaq, Saleha & Tang, Yong & Maqbool, Rashid, 2020. "Dynamics of spillover network among oil and leading Asian oil trading countries’ stock markets," Energy, Elsevier, vol. 207(C).
    18. Billore, Soniya & Anisimova, Tatiana & Vrontis, Demetris, 2023. "Self-regulation and goal-directed behavior: A systematic literature review, public policy recommendations, and research agenda," Journal of Business Research, Elsevier, vol. 156(C).
    19. Zerrahn, Alexander, 2017. "Wind Power and Externalities," Ecological Economics, Elsevier, vol. 141(C), pages 245-260.
    20. Yushi Kunugi & Toshi H. Arimura & Miwa Nakai, 2021. "The Long-Term Impact of Wind Power Generation on a Local Community: Economics Analysis of Subjective Well-Being Data in Chōshi City," Energies, MDPI, vol. 14(13), pages 1-18, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:sustdv:v:30:y:2022:i:6:p:1542-1561. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-1719 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.