Solving global problems: Waste to power while creating stakeholder shared value

Thaspong Chailertpong, and Thepparat Phimolsathien,

Business and Economic Horizons (BEH), 2018, vol. 14, issue 1, 54-74

Abstract: In 2015, an estimated 1.2 billion people, or 16% of the global population, did not have access to electricity. At the same time, solid waste generation rates have risen fast, reaching 30 million tons in 1980, 200 million tons today, and projected to exceed over 11 million tons per day by 2100. The waste from cities alone is already enough to fill a line of trash trucks 5,000 kilometers long every day. Solutions therefore must be found, with Waste to Energy (WtE) conversion a strong contender, which presently represents a $29 billion industry globally. By use of cluster sampling, a sample of 361 individuals was surveyed by use of a 63-item, 7-level, Likert type agreement scale questionnaire on the study’s four constructs. A confirmatory factor analysis was run prior to the structural equation model, with analysis undertaken by use of LISREL 9.1. All causal factors in the model were shown to have a positive influence on the creation of shared value (CSV) of the waste management power plant and the local community, with 68% of the variance of the factor affecting CSV (R2). Ranked in importance, the three latent variables were government policy (GP), the waste management power plant (WMPP), and community participation (CP), with a total score of 0.83, 0.37 and 0.36, respectively.

Keywords: Community participation; corporate social responsibility; energy policies; government policy; stakeholders (search for similar items in EconPapers)
JEL-codes: I28 L22 L24 L26 L32 L88 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://academicpublishingplatforms.com/downloads/ ... s_waste_pp.54-74.pdf (application/pdf)
https://academicpublishingplatforms.com/volume.php?journal=BEH&id=3&number=30 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pdc:jrnbeh:v:14:y:2018:i:1:p:54-74

DOI: 10.15208/beh.2018.5

Access Statistics for this article

Business and Economic Horizons (BEH) is currently edited by Orifjan Namozov, Ph.D.

More articles in Business and Economic Horizons (BEH) from Prague Development Center Contact information at EDIRC.
Bibliographic data for series maintained by Jaroslav Holecek ( this e-mail address is bad, please contact ).