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

Li Ma, Lin Wang, Kuo-Jui Wu, Ming-Lang Tseng and Anthony S. F. Chiu
Additional contact information
Li Ma: Department of Construction Management, Dalian University of Technology, Dalian 116024, China
Lin Wang: Department of Construction Management, Dalian University of Technology, Dalian 116024, 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
Anthony S. F. Chiu: Department of Industrial Engineering, De La Salle University, Manila 1004, Philippines

Sustainability, 2018, vol. 10, issue 6, 1-21

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.

Keywords: stakeholder theory; green development project; risk; social network analysis (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2018
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.mdpi.com/2071-1050/10/6/2104/pdf (application/pdf)
https://www.mdpi.com/2071-1050/10/6/2104/ (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:gam:jsusta:v:10:y:2018:i:6:p:2104-:d:153478

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().