Title

Exploring the decisive risks of green development projects by adopting social network analysis under stakeholder theory

College

Gokongwei College of Engineering

Department/Unit

Industrial Engineering

Document Type

Article

Source Title

Sustainability (Switzerland)

Volume

10

Issue

6

Publication Date

6-20-2018

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. © 2018 by the authors.

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Digitial Object Identifier (DOI)

10.3390/su10062104

Disciplines

Industrial Engineering | Operations Research, Systems Engineering and Industrial Engineering

Keywords

Sustainable development; Social sciences—Network analysis; Risk assessment

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