Analysis of influencing factors and their inner mechanism of the market participation in the smart community construction of China

Abstract

Market participation promotion is vital to ensure the efficacy of smart community construction and sustainable advancement. Previous studies focused on smart community construction but ignored analyzing market participation affecting factors in smart community construction and their inner mechanism, rendering the promotion of market participation challenging. This study aimed to get a clear structure of the influencing factors of smart community construction by developing a comprehensive analytical framework. Initially, systematic literature review (SLR) and grounded theory (GT) were employed to identify a comprehensive list of nine crucial influencing factors. Subsequently, the expert interview (EI) and interpretive structural modeling (ISM) were utilized to establish a four-level model for factors influencing market participation. Finally, a strategic framework comprising 17 specific strategies, aimed at addressing key influencing factors, was proposed from the stakeholders' perspective. The findings contribute to a deeper understanding of the factors that influence market participation and shed light on the inner relationships among these factors, thereby enriching the knowledge system of smart community construction. Furthermore, this study provides practical insights for stakeholders to effectively foster market engagement in smart community development.