[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/bla/bstrat/v27y2018i7p1067-1078.html
   My bibliography  Save this article

How risk information and stakeholder‐participation affect the sustainability of collaborative decisions: A case study on how the sustainability of stakeholder decisions is affected by different levels of stakeholder participation in preparing risk information

Author

Listed:
  • Kala Saravanamuthu
Abstract
Participatory approaches are the preferred means of assessing environmental damage attributed to the pursuit of profit through the unsustainable deployment of technology. This paper examines how nonprobabilistic risk information, and stakeholder participation in preparing and evaluating this information, influences the formulation of socially acceptable safety thresholds aimed at regulating the unsustainable use of technologies. It concludes that participatory risk platforms, which integrate experts' technical and other stakeholders' social values into safety thresholds, better reflect technological harm despite its characteristic complex causality, inherent uncertainty and diffused responsibility. Further, the multifold consequences of active and genuine stakeholder involvement in constructing risk information—namely, social learning, confidence and trust in regulatory systems—are important for engendering sustainable behaviors at the psycho‐cognitive level. Stakeholders acquire capacities for social learning, which increases the chances of competing interests becoming open to other perspectives and the needs of the ecosystem, while generating confidence and trust in the risk‐construction process.

Suggested Citation

  • Kala Saravanamuthu, 2018. "How risk information and stakeholder‐participation affect the sustainability of collaborative decisions: A case study on how the sustainability of stakeholder decisions is affected by different levels," Business Strategy and the Environment, Wiley Blackwell, vol. 27(7), pages 1067-1078, November.
    • Handle: RePEc:bla:bstrat:v:27:y:2018:i:7:p:1067-1078
    DOI: 10.1002/bse.2052
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/bse.2052
    Download Restriction: no
    File URL: https://libkey.io/10.1002/bse.2052?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. Reed, Mark S. & Fraser, Evan D.G. & Dougill, Andrew J., 2006. "An adaptive learning process for developing and applying sustainability indicators with local communities," Ecological Economics, Elsevier, vol. 59(4), pages 406-418, October.
    2. G Capece & F Di Pillo & M Gastaldi & N Levialdi & M Miliacca, 2017. "Examining the effect of managing GHG emissions on business performance," Business Strategy and the Environment, Wiley Blackwell, vol. 26(8), pages 1041-1060, December.
    3. Cory Searcy, 2016. "Measuring Enterprise Sustainability," Business Strategy and the Environment, Wiley Blackwell, vol. 25(2), pages 120-133, February.
    4. Ozgur Isil & Michael T. Hernke, 2017. "The Triple Bottom Line: A Critical Review from a Transdisciplinary Perspective," Business Strategy and the Environment, Wiley Blackwell, vol. 26(8), pages 1235-1251, December.
    5. Andreas Klinke & Ortwin Renn, 2002. "A New Approach to Risk Evaluation and Management: Risk‐Based, Precaution‐Based, and Discourse‐Based Strategies," Risk Analysis, John Wiley & Sons, vol. 22(6), pages 1071-1094, December.
    6. Breakwell,Glynis M., 2014. "The Psychology of Risk," Cambridge Books, Cambridge University Press, number 9781107602700, September.
    7. Monika Winn & Manfred Kirchgeorg & Andrew Griffiths & Martina K. Linnenluecke & Elmar Günther, 2011. "Impacts from climate change on organizations: a conceptual foundation," Business Strategy and the Environment, Wiley Blackwell, vol. 20(3), pages 157-173, March.
    8. Martina K. Linnenluecke & Andrew Griffiths & Monika Winn, 2012. "Extreme Weather Events and the Critical Importance of Anticipatory Adaptation and Organizational Resilience in Responding to Impacts," Business Strategy and the Environment, Wiley Blackwell, vol. 21(1), pages 17-32, January.
    9. James G. March, 1991. "Exploration and Exploitation in Organizational Learning," Organization Science, INFORMS, vol. 2(1), pages 71-87, February.
    10. Riikka Sievänen & Hannu Rita & Bert Scholtens, 2017. "European Pension Funds and Sustainable Development: Trade‐Offs between Finance and Responsibility," Business Strategy and the Environment, Wiley Blackwell, vol. 26(7), pages 912-926, November.
    11. Breakwell,Glynis M., 2014. "The Psychology of Risk," Cambridge Books, Cambridge University Press, number 9781107017016, September.
    12. Thomas Webler & Horst Rakel & Ortwin Renn & Branden Johnson, 1995. "Eliciting and Classifying Concerns: A Methodological Critique," Risk Analysis, John Wiley & Sons, vol. 15(3), pages 421-436, June.
    13. George E. Halkos & Michael L. Polemis, 2017. "Does Financial Development Affect Environmental Degradation? Evidence from the OECD Countries," Business Strategy and the Environment, Wiley Blackwell, vol. 26(8), pages 1162-1180, December.
    14. Saravanamuthu, Kala & Lehman, Cheryl, 2013. "Enhancing stakeholder interaction through environmental risk accounts," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 24(6), pages 410-437.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Andrew Kliskey & Paula Williams & David L. Griffith & Virginia H. Dale & Chelsea Schelly & Anna-Maria Marshall & Valoree S. Gagnon & Weston M. Eaton & Kristin Floress, 2021. "Thinking Big and Thinking Small: A Conceptual Framework for Best Practices in Community and Stakeholder Engagement in Food, Energy, and Water Systems," Sustainability, MDPI, vol. 13(4), pages 1-19, February.
    2. Karambu Kiende Gatimbu & Maurice Juma Ogada & Nancy Budambula & Samuel Kariuki, 2018. "Environmental sustainability and financial performance of the small‐scale tea processors in Kenya," Business Strategy and the Environment, Wiley Blackwell, vol. 27(8), pages 1765-1771, December.
    3. Chaminda Wijethilake & Tek Lama, 2019. "Sustainability core values and sustainability risk management: Moderating effects of top management commitment and stakeholder pressure," Business Strategy and the Environment, Wiley Blackwell, vol. 28(1), pages 143-154, January.
    4. Gianluca Elia & Alessandro Margherita & Claudio Petti, 2020. "Building responses to sustainable development challenges: A multistakeholder collaboration framework and application to climate change," Business Strategy and the Environment, Wiley Blackwell, vol. 29(6), pages 2465-2478, September.

    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. Jorge Rivera & Viviane Clement, 2019. "Business adaptation to climate change: American ski resorts and warmer temperatures," Business Strategy and the Environment, Wiley Blackwell, vol. 28(7), pages 1285-1301, November.
    2. Domingues, Rita & Costas, Susana & Jesus, Saul & Ferreira, Óscar, 2017. "SENSE OF PLACE, RISK PERCEPTIONS AND PREPAREDNESS OF A COASTAL POPULATION AT RISK (Faro Beach, Portugal): A qualitative content analysis," Journal of Tourism, Sustainability and Well-being, Cinturs - Research Centre for Tourism, Sustainability and Well-being, University of Algarve, vol. 5(3), pages 163-175.
    3. John D. Graham & John A. Rupp & Olga Schenk, 2015. "Unconventional Gas Development in the USA: Exploring the Risk Perception Issues," Risk Analysis, John Wiley & Sons, vol. 35(10), pages 1770-1788, October.
    4. George Halkos & Antonis Skouloudis & Chrisovaladis Malesios & Konstantinos Evangelinos, 2018. "Bouncing Back from Extreme Weather Events: Some Preliminary Findings on Resilience Barriers Facing Small and Medium‐Sized Enterprises," Business Strategy and the Environment, Wiley Blackwell, vol. 27(4), pages 547-559, May.
    5. Angelo Panno & Annalisa Theodorou & Giuseppe Alessio Carbone & Evelina De Longis & Chiara Massullo & Gianluca Cepale & Giuseppe Carrus & Claudio Imperatori & Giovanni Sanesi, 2021. "Go Greener, Less Risk: Access to Nature Is Associated with Lower Risk Taking in Different Domains during the COVID-19 Lockdown," Sustainability, MDPI, vol. 13(19), pages 1-17, September.
    6. Rusi Jaspal, 2022. "Chemsex, Identity and Sexual Health among Gay and Bisexual Men," IJERPH, MDPI, vol. 19(19), pages 1-16, September.
    7. Thomas A. Tsalis & Ioannis E. Nikolaou, 2017. "Assessing the Effects of Climate Change Regulations on the Business Community: A System Dynamic Approach," Business Strategy and the Environment, Wiley Blackwell, vol. 26(6), pages 826-843, September.
    8. Julia Hillmann, 2021. "Disciplines of organizational resilience: contributions, critiques, and future research avenues," Review of Managerial Science, Springer, vol. 15(4), pages 879-936, May.
    9. Tiberio Daddi & Niccolò Maria Todaro & Maria Rosa De Giacomo & Marco Frey, 2018. "A Systematic Review of the Use of Organization and Management Theories in Climate Change Studies," Business Strategy and the Environment, Wiley Blackwell, vol. 27(4), pages 456-474, May.
    10. Aistė Balžekienė & Audronė Telešienė & Vaidas Morkevičius, 2022. "Spatial Dependencies and the Relationship between Subjective Perception and Objective Environmental Risks in Lithuania," Sustainability, MDPI, vol. 14(7), pages 1-15, March.
    11. Jennifer DeBoer & Rajat Panwar & Jorge Rivera, 2017. "Toward A Place‐Based Understanding of Business Sustainability: The Role of Green Competitors and Green Locales in Firms' Voluntary Environmental Engagement," Business Strategy and the Environment, Wiley Blackwell, vol. 26(7), pages 940-955, November.
    12. Andrzej Robert Skrzypczak & Emil Andrzej Karpiński & Natalia Maja Józefacka & Robert Podstawski, 2022. "Impact of Personal Experience of COVID-19 Disease on Recreational Anglers’ Attitudes and Behaviors," IJERPH, MDPI, vol. 19(24), pages 1-17, December.
    13. Domingues, Rita & Costas, Susana & Neves Jesus, Saul & Ferreira, Óscar, 2019. "Assessing stakeholders’ risk perceptions in a vulnerable coastal tourism destination (Faro beach, Southern Portugal)," Journal of Tourism, Sustainability and Well-being, Cinturs - Research Centre for Tourism, Sustainability and Well-being, University of Algarve, vol. 7(1), pages 22-38.
    14. Federica Gasbarro & Jonatan Pinkse, 2016. "Corporate Adaptation Behaviour to Deal With Climate Change: The Influence of Firm‐Specific Interpretations of Physical Climate Impacts," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 23(3), pages 179-192, May.
    15. Sooksan Kantabutra & Nuttasorn Ketprapakorn, 2024. "Understanding Resilience and Sustainability in Organizations: A Cutting-Edge Framework and the Research Agenda," Sustainability, MDPI, vol. 16(19), pages 1-26, September.
    16. Jennifer Steeves & Swenja Surminski, 2014. "Taking an organisational approach to private sector adaptation � the case of Tata Teleservices in India," GRI Working Papers 171, Grantham Research Institute on Climate Change and the Environment.
    17. Alina Averchenkova & Florence Crick & Adriana Kocornik-Mina & Hayley Leck & Swenja Surminski, 2015. "Multinational corporations and climate adaptation – Are we asking the right questions? A review of current knowledge and a new research perspective," GRI Working Papers 183, Grantham Research Institute on Climate Change and the Environment.
    18. Abdelzaher, Dina M. & Martynov, Aleksey & Abdel Zaher, Angie M., 2020. "Vulnerability to climate change: Are innovative countries in a better position?," Research in International Business and Finance, Elsevier, vol. 51(C).
    19. Max Boholm, 2019. "Risk and Quantification: A Linguistic Study," Risk Analysis, John Wiley & Sons, vol. 39(6), pages 1243-1261, June.
    20. Niccolò Maria Todaro & Francesco Testa & Tiberio Daddi & Fabio Iraldo, 2021. "The influence of managers' awareness of climate change, perceived climate risk exposure and risk tolerance on the adoption of corporate responses to climate change," Business Strategy and the Environment, Wiley Blackwell, vol. 30(2), pages 1232-1248, February.

    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:bla:bstrat:v:27:y:2018:i:7:p:1067-1078. 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)1099-0836 .

    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.