Lack of an established measuring instrument for public participation towards renewable energy (RE) development has become a crucial concern for the researchers. Therefore, this research aims to develop and validate the instruments that measure public participation towards renewable energy development (PPRED) in Malaysia. This study incorporates degree of knowledge on RE (KRE), environmental concern (EC), public awareness on RE (ARE), attitude towards RE usage (AURE), and willingness to adopt RE technology (WTA) in the PPRED model, with an aim to predict public willingness to pay (WTP) for energy generated from RE sources. Using data of 172 usable responses, this study conducts an exploratory factor analysis (EFA) to analyse the factor structures. In addition to this, using data from 154 usable responses from a second sample frame, this study also conducts confirmatory factor analysis (CFA) to examine the unidimensionality of the measurement model. Correlations are used to measure discriminant and convergent validation of the items whereas Cronbach’s Alpha is used to measure internal consistency among different items. Specifically, EFA is used for variable extraction and CFA is used to test dimensionality, validity, and reliability of the PPRED model. The results proved validation of the PPRED model, indicating that all instruments included are reliable and valid to be used in the research. This study is also pertinent to initiate targeted campaigns and public education policies to improve awareness among Malaysians relating to renewable energy development

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Households’ socio-economic outcomes are considered a significant component of sustainable development. In this regard, public and private organizations are constantly devising several microfinance and development strategies to tackle economic deprivation. There exists a conflict in the literature regarding the role of such a strategy in enhancing households’ socio-economic outcomes. In addition, researchers are also struggling to identify crucial factors that could improve poor households’ socio-economic performance. However, the lack of established measuring instruments for various microfinance and households’ socio-economic factors is the major hurdle in conducting quality research. Hence, this study intends to develop and validate measurements for microfinance and households’ socio-economic model. By employing an Exploratory Factor Analysis (EFA) and Parallel Analysis as factor retention techniques, this research provides measuring constructs for microfinance financial services, business coaching, training programs, microfinance institutions’ efficiency, households’ entrepreneurial competencies, households’ financial management practices, and households’ socio-economic performance. Based on the results, it is proved that the developed instrument of the microfinance and households’ economic model is valid and reliable to be used in future related research.

This research examines the influence of microfinance services on the socioeconomic performance of Malaysian B40 households, which are considered vulnerable communities in Malaysia. Mainly, it explores the mediating role of entrepreneurial competencies and financial management practices in the relationship of microfinance services with households’ economic well-being, entrepreneurial success, and social wellbeing. Likewise, this research also examines the moderating role of microfinance institutions’ service efficiency in the success of microfinance services to improve households’ socioeconomic outcomes. The responses were collected from the participants of Amanah Ikhtiar Malaysia, the largest microfinance institution serving the low-income population of Malaysia. Employing the structural equation modelling approach, results show that microfinance financial services and non-financial services positively influence households’ socioeconomic performance through entrepreneurial competencies and financial management practices. On the other hand, microfinance financial services are also found to have significant direct influence on households’ socioeconomic performance. Further, results also indicate that microfinance institutions’ service efficiency positively moderates the influence of financial services to improve households’ socioeconomic performance. This is novel research that introduces human capital development as an underlying mechanism in the household economic portfolio model, suggesting that microfinance interventions develop human capabilities among their participants, which further assist them in the efficient management of financial and business affairs, thus, improving socioeconomic outcomes.