Toward a Stakeholder Perspective on Social Stability Risk of Large Hydraulic Engineering Projects in China: A Social Network Analysis

Zhengqi He, Dechun Huang, Changzheng Zhang and Junmin Fang
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Zhengqi He: Department of Finance, Business School of Hohai University, Nanjing 211100, China
Dechun Huang: Department of Finance, Business School of Hohai University, Nanjing 211100, China
Changzheng Zhang: Department of Finance, Business School of Hohai University, Nanjing 211100, China
Junmin Fang: Department of Finance, Business School of Hohai University, Nanjing 211100, China

Sustainability, 2018, vol. 10, issue 4, 1-15

Abstract: In China, large hydraulic engineering projects have made a great contribution to social economic development; at the same time, they also lead to social risks that affect social stability. The pluralism of stakeholders in large hydraulic engineering projects and the complex interrelationship among stakeholders are the important factors affecting social stability risk. Previous studies of social stability risk have mainly focused on risk identification and risk assessment, without considering the relationships among stakeholders and their linkages of risks. For large hydraulic engineering projects, this paper investigated the relevant risk factors and their interrelationships through a literature review and interviews that represented stakeholder perspectives. The key social stability risk factors were identified based on social network analysis. A multi-channel project financial system, a perfect interest compensation mechanism, an efficient prevention mechanism of group events, and a complete project schedule control system were proposed to mitigate the social stability risks. This study combined stakeholder management with risk management by using social network analysis, providing reference for the social stability risk management of large engineering projects in China.

Keywords: large hydraulic engineering projects; social stability risk; social network analysis; stakeholder analysis (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2018
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