A holistic risk management framework for renewable energy investments

Abba, Z.Y.I.; Balta‐Ozkan, Nazmiye; Hart, Phil

doi:10.1016/j.rser.2022.112305

Cited by 31 publications

(10 citation statements)

References 66 publications

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“…When used effectively, they have little to no negative effects on the environment, generate little residual waste. They are sustainable in light of both present and future societal and economic demands [ 78 , 79 ]. As such, the best alternative way to reduce carbon emissions is to switch from using fossil fuels to using renewable energy.…”

Section: Resultsmentioning

confidence: 99%

A bibliometric review analysis into environmental kuznets curve phenomenon: A retrospect and future direction

Ajmi,

Bekun,

Gyamfi

et al. 2023

Heliyon

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Section: Resultsmentioning

confidence: 99%

A bibliometric review analysis into environmental kuznets curve phenomenon: A retrospect and future direction

Ajmi,

Bekun,

Gyamfi

et al. 2023

Heliyon

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“…have proposed a risk management framework for renewable energy investments. They used a holistic approach in their study [24].…”

Section: çü Müh Fak Dergisi 38(1) Mart 2023mentioning

confidence: 99%

A New Holistic Risk Analysis Approach Based on the House of Quality

Selamoğlu

Kuvvetli

2023

Çukurova Üniversitesi Mühendislik Fakültesi Dergisi

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Risk management is a crucial process s that consists of many components. In risk management, different processes are considered, namely, risk identification, risk assessment, determination of preventive actions and monitoring. In this study, a novel risk management approach in which all risk processes are integrated is proposed. In this context, a holistic risk management approach based on the house of quality approach is introduced, and an eight-step creation process is defined. The proposed approach was applied for a primary health care center, and the hazards, risks to be occurred by these hazards, and preventive suggestions were presented. In the case study, twenty-five hazards were identified and eleven risks related to twenty-five hazards were identified and ranked. According to the risk priority numbers, five preventive actions were suggested and evaluated.

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“…Numerous academic studies have established that risk management significantly affects the financial success of a business taking cognizance of operational excellence (Nwude & Okeke, 2018;Wang et al, 2020). research to really know when and how risk management can be added to the process of coming up with a new business model for a company (Abba et al, 2022). The company's risk management model aids businesses in matching their method and risk appetite with the risk behavior decisions made during the innovation phase (Wang et al, 2022).…”

Section: Risk Management Financial and Non-financial Performancementioning

confidence: 99%

Risk Management Practice and Organizational Performance: The Mediating Role of Business Model Innovation

Mustapha,

Olaleye,

Yetunde

et al. 2023

J. of Law and Sust. Develop.

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Purpose: This paper examines the effect of risk management practices on organizational performance and the mediating role of business model innovation in Nigeria. Design/Methodology/Approach: This research uses quantitative research methods. The paper uses a sample of 83 employees, with data collected through an online questionnaire using a Likert scale using a scale of 5, and the data was analyzed using partial least square structural equation modeling (PLS-SEM). The stages of data analysis begin with testing the validity and reliability of the instrument, determination and finally testing the hypothesis. Findings: The results showed that practices for risk management and financial performance had a direct and large effect on financial performance. Furthermore, risk management practices are linked to non-financial performance. The result shows that business model innovation has a negative relationship with non-financial performance. It has a positive impact by meaningfully strengthening financial relationships; a partial mediating result was revealed for the relationship between risk management practices and non-financial behaviors. Practical implications: The results of this research can be used by government agencies and financial institutions to better comprehend the connection between BMI, risk management, and performance. Academics can use it to validate existing hypotheses and discover new ones. Original/Value: This research adds to the body of knowledge in the field of model development by illustrating the impact of risk management strategies and the mediating effect of business model innovation. In the Nigerian context, a lack of this might lead to inefficiencies in attaining organizational performance.

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A holistic risk management framework for renewable energy investments

Cited by 31 publications

References 66 publications

A bibliometric review analysis into environmental kuznets curve phenomenon: A retrospect and future direction

A bibliometric review analysis into environmental kuznets curve phenomenon: A retrospect and future direction

A New Holistic Risk Analysis Approach Based on the House of Quality

Risk Management Practice and Organizational Performance: The Mediating Role of Business Model Innovation

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