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A Study on Balanced Scorecard and Its Impact on Sustainable Development of Renewable Energy Organizations; A Mediating Role of Political and Regulatory Institutions
Risks ( IF 2.0 ) Pub Date : 2021-06-04 , DOI: 10.3390/risks9060110
Muhammad Rafiq , Saif Maqbool , José Moleiro Martins , Mário Nuno Mata , Rui Miguel Dantas , Shumaila Naz , Anabela Batista Correia

Organizational strategic programs are continuously evolving and gaining the attention of policy makers in order to construct organizations’ ecological and socioeconomic systems. The purpose of this study is to examine the relationship between the balanced scorecard (BSC) and sustainable development involving the mediated effect of political and regulatory influence. To achieve the core objectives of the research, the quantitative (positivism) research method is applied. The goal of the current research is made possible through the quantitative method because of its objective nature of reality. A total of 320 questionnaires were distributed among the different levels of managers; 280 respondents returned the questionnaire. The data are analyzed through a modern statistical tool called Smart-PLS, Partial Least Squares (PLS) is high graphical user interference software that is used to calculate Structural Equation Modeling (SEM) through PLS path modeling. Factor analysis is conducted to eliminate the variables that have no contribution and to reduce the variables to obtain better results in regression. The implications are for energy organizations that are struggling to deal with sustainable development and these tools can help them to achieve their sustainability goals. The study concludes that the adoption of BSC is essential to ensure sustainable development regardless of its challenges. Moreover, consideration of meta-constitutional rules as political influence is important to understand and address in order to mitigate financial loss. In nutshell, the use of BSC is highly recommended to eliminate the routine problems and to ensure environmental sustainability.

中文翻译:

平衡计分卡及其对可再生能源组织可持续发展的影响研究 政治和监管机构的调解作用

为了构建组织的生态和社会经济系统,组织战略计划不断发展并引起政策制定者的关注。本研究的目的是检验平衡计分卡 (BSC) 与可持续发展之间的关系,涉及政治和监管影响的中介效应。为了实现研究的核心目标,应用了定量(实证)研究方法。由于其现实的客观性,当前研究的目标通过定量方法成为可能。共向各级管理人员发放问卷320份;280 名受访者退回了问卷。数据通过名为 Smart-PLS 的现代统计工具进行分析,偏最小二乘 (PLS) 是一种高图形用户干扰软件,用于通过 PLS 路径建模计算结构方程建模 (SEM)。进行因子分析是为了剔除没有贡献的变量并减少变量以获得更好的回归结果。这对正在努力应对可持续发展的能源组织产生了影响,这些工具可以帮助他们实现可持续发展目标。该研究得出的结论是,无论面临何种挑战,采用 BSC 对于确保可持续发展至关重要。此外,将元宪法规则视为政治影响对于理解和解决以减轻经济损失很重要。简而言之,
更新日期:2021-07-27
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