The success of multi-sector participation in the management of revenue for beneficiary communities of South African renewable energy companies – sub-model A

Ric Amansure, Chris Adendorff

Abstract


Abstract
Multi-sector participation is one of three sub-models that resulted from the splitting of the original model that resulted from the data analysis as part of a thesis entitled ‘A theoretical for successful management of revenue for beneficiary communities of renewable energy companies in South Africa.’ The sub-model provides specific guidance for the multi-sector participation of enterprises, stakeholders, industry experts and community development practitioners in the renewable energy sector to create a pro-active, effective, and relevant decision-making process for achieving success in the management of revenue for beneficiary communities. To address the primary objective, a number of secondary objectives were formulated through the development of a conceptual model consisting of identified variables based on a comprehensive survey of the related literature. By constructing a path diagram between the independent variable and subsequent intervening and dependent variables, appropriate hypotheses were developed. Primary data sourced from an identified national and international population of community management practitioners were collected using an electronic measuring instrument. These data were analysed and tested empirically using structural equation modelling. The determinants that were identified through a review of the literature as elements of multi-sector participation that influences the success of revenue management for beneficiary communities for South African renewable energy companies included the use of outside advice, financial management, support services, and good governance.

Keywords: renewable energy, green energy, beneficiary communities, community development, revenue management, socio-economic development, economic development, multi-sector participation

Keywords


Renewable energy; green energy; beneficiary communities; community development; revenue management; socio-economic development; economic development; multi-sector participation.

Full Text:

PDF

References


Adendorff, C.M. 2004. The development of a cultural family business model of good corporate governance for Greek family businesses in South Africa, Unpublished doctoral thesis, Grahamstown: Rhodes University.

Agenor, P. A and Agenor, M. A. 2013. Infrastructure, women’s time allocation, and economic development. Journal of Economics/ Zeitschrift fur Nationalokonomie. 113(1): 1–30.

Amansure, R.J. 2016. A theoretical for successful management of revenue for beneficiary communities of renewable energy companies in South Africa. Unpublished doctoral thesis, Nelson Mandela Metropolitan University, Port Elizabeth.

Babbie, E. and Mouton, J. 2001. The practice of social research. Cape Town: Oxford University Press.

Boateng, N. A. 2012. Promoting rural enterprise growth and development: Lessons from four projects in sub-Saharan Africa. Rome: International Fund for Agricultural Development.

Boyce, D. S., Griffith, G. M. and King, J. R. 2007. Best practices in non-profit governance: Dealing with ‘voluntary’ reforms. Chicago: Aspen 15(3) 25.

Casey, K., Glennerster, R. and Miguel, E. 2014. Reshaping institutions: Evidence on aid impacts using a pre-analysis plan. The Quarterly Journal of Economics, 127(4): 1755–1812.

Cavaye, J. 2001. Rural Community Development: New Challenges and Enduring Dilemmas. Journal of Regional Analysis and Policy. 31:109–124.

City of Chandler. 2010. Project management methodology step-by-step guide to managing successful projects. Project Management Methodology Guidelines. (1) 9.

Collis, J. and Hussey, R. 2003. Business research: A practical guide for undergraduate and postgraduate students. 2nd Edition. London: Palgrave Macmillan.

Crowther, D. and Aras, G. 2008. Corporate social responsibility. London: Ventus. Available online at: bookboon.com.

Durant, G. 2013. Audit Committee Resource Guide. Johannesburg: Deloitte & Touche.

Dutton, W. 2004. Social transformation in an information society: Rethinking access to you and the world. United Nations Educational, Scientific and Cultural Organization, Paris.

Economic Commission for Africa. 2013. Infrastructure development and rural transformation issues. Paper on Infrastructure Development and Rural Transfor-mation. Benin: Economic Commission for Africa.

Engelbrecht, L. 2009. Principles for South Africa. Vol. 1. Parklands, South Africa: Institute of Directors in Southern Africa. Available online at: www.lodsa.co.za.

Farrington, S. M. 2009. Sibling partnerships in South African small and medium-sized family businesses. Unpublished doctoral thesis, Nelson Mandela Metropolitan University, Port Elizabeth.

Fontaine, C., Haarman, A. and Schmid, S. 2006. The stakeholder theory. Stakeholder theory of the MNC. [Online] Available online at: http://www.martonomily.com/sites/default/files/attach/Stakeholders%20theory.pdf.

Fourie, J. 2006. Some policy proposals for future infrastructure investment in South Africa. Stellenbosch Economic Working Papers. University of Stellenbosch, Stellenbosch.

Friedman, A. L. and Miles, S. 2006. Stakeholders: Theory and practice. New York: Oxford University Press.

Gillespie, S. 2004. Scaling up community-driven development: A synthesis of experience. International Food Policy Research Institute, Washington, D.C.

Glickman, N. 2014. Global study shows clean energy activity surges in developing world – China, Brazil and South Africa show wide diversity of clean energy investment opportunities.

Bloomberg New Energy Finance, London.

Hair, J. F., Black, W. C., Babin, J. B., Anderson, R. E. & Tatham, R. L. 2006. Multivariate data analysis. 6th Edition. Upper Saddle River, New Jersey: Pearson/Prentice Hall.

Halina, W., Wilson, E. and Zarsky, L. 2007. Sustainable development innovation briefs: CSR and developing countries. UN Sustainable Development. United Nations Department of Economic and Social Affairs, New York. (1)8-15.

Hemson, D., Meyer, M. and Kealeboga, M. 2004. Rural development: The provision of basic infrastructure services. Human Sciences Research Council. KwaZulu-Natal.

Hill, A. 2008. Strategic Financial management. Vol. 1. Finance & Ventus Publishing APS. Available online at: https://slp.somerset.org.uk/sites/slc/ Leadership%20Library/Strategic%20Financial%20Management.pdf

Hohnen, P. 2012. Corporate Social Responsibility - An Implementation Guide For Business. J. Potts (ed.). Winnipeg, Manitoba, Canada: International Institute for Sustainable Development.

Hu, L. and Bentler, P. M. 1999. Cut-off criteria for fit indexes in covariance structure analysis:

Conventional criteria versus new alternatives. Structural Equation Modelling Department of Psychology, University of California, Los Angeles6(1): 1–55.

Johnston, M. 2009. Good governance: Rule of law, transparency and accountability. Working Paper. Department of Political Science, Colgate University, New York.

Jonker, J. and De Witte, M. 2006. Management models for corporate social responsibility. New York: Springer.

Kepner, K. & Wysocki, A. 2012. Financial management: Some important generalizations. University of Florida, Florida, USA.

Krick, T., Forstater, M., Monaghan, P. & Sillanpää, M. 2005. The practitioner's handbook on stakeholder engagement. Vol. 2 of The stakeholder engagement manual. AccountAbility, United Nations Environment Programme, and Stakeholder Research Associates Canada. Available online at: http://www.unep.fr/shared/publications/pdf/WEBx0115xPA-SEhandbookEN.pdf.

Lewis, K. & Ferguson, J, (eds.) A guide to leadership tasks and functions. Greensboro, North Carolina: CCL Press.

MacCallum, R. C., Browne, M. W. and Cai, L. 2006. Testing differences between covariance structure models: Power analysis and null hypothesis. Psychological Methods, 11(1): 19–35. doi:10.1037/1082-989X.11.1.19; 10.1037/1082-989X.11.1.19.supp.

Mazurkiewicz, P. 2004. Corporate environmental responsibility: Is a common CSR framework possible? World Bank Legal Department. 1–18. Available online at: http://siteresources.worldbank.org/EXTDEVCOMSUSDEVT/Resources/csrframework.pdf.

Nickols, F. 2016. Strategy: Definitions and meanings. Available online at: http://www.nickols.us/ strategy_definitions.pdf.

Nyahuye, D. C. 2012. Corporate social investment. Available online at: http://www.total.co.za/pro/totalgaz-main/totalgaz-csi.html.

Paramasivan, C. and Subramanian, T. 2009. Financial management. New Delhi: New Age International.

Project Management Institute. 2013. A Guide to the project management body of knowledge. PMBOK Guide, Vol. 44. Project Management Institute, Pennsylvania.

Politis, J. D. 2003. The connection between trust and knowledge management: What are its implications for team performance? Journal of Knowledge Management, 7(5): 55–66.

Roberts, M. C., Stephen, S. and Ilardi, S. S. 2003. Handbook of research methods in clinical psychology. Oxford: Blackwell.

Renewable Energy Network for the 21st Century (REN21). 2014. Global status report. UNEP, Paris, France. Available online at: www.ren21.net.

Rossouw, D. 2012. The social and ethics committee handbook – Guidebook for South African companies. Ethics Institute of South Africa. Pretoria, South Africa.

South African Wind Energy Association (SAWEA). 2014. Wind and socio-economic development in SA. CEO Blog. Available online at: http://www. sawea.org.za/ceo-blog/87-wind-socio-economic-development-in-sa.html.

South African Department of Social Development. 2009. Developing good governance practices within the South African NPO Sector: benchmark study. Department of Social Development, Pretoria.

Tang, Y., Kabir, R., Beuschiem, H. van, Madishetti, S., Kibona, D., García-Teruel, P.J., Martínez-Solano, P., Gul, S. et al. 2013. Financial management challenges in small and medium-sized enterprises: A strategic management approach. International Journal of Managerial Finance 5(1): 3875–3885.

Too, E.G. and Weaver, P. 2013. The management of project management: A conceptual framework for project governance. International Journal of Project Management 32(8): 1382–1394.

Van der Walt, G. 2012. Project management: A new service delivery paradigm. Koers – Bulletin for Christian Scholarship, 72(2): 239–260.

Watkins, R. and Meiers, M. W. 2012. A guide to assessing needs: Essential tools for collecting information, making decisions, and achieving development results. Washington DC: World Bank.

Wong, S. and Guggenheim, S. 2005. Community-driven development: Decentralization’s accountability challenge. World Bank. Washington, D.C.

World Bank. 2007. Enhancing agricultural innovation. World Bank, Washington, D.C.

World Bank. 2012. Mining community development agreements. World Bank, Washington, D.C.




DOI: http://dx.doi.org/10.17159/2413-3051/2017/v28i1a1418

Refbacks

  • There are currently no refbacks.


Copyright (c) 2017 Ricardo Julian Amansure

Creative Commons License
This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.