The development and expansion of cities has led to increased public awareness of the influence of building sustainability on the environment, society, and economy. Green building eases the pressure of urbanization by saving energy, reducing waste, protecting the environment, improving the living standard, and encouraging industry. Consequently, green building has developed rapidly for 20 years. This study reviews the literature on green building, recognizes the stakeholders’ motivations for and barriers to green building development, uses value network analysis, cost–benefit analysis, and case study method for understanding value creation, value sensing, value delivery, and value capturing mechanism of green building to augment the knowledge of green building development for both academics and practitioners. This study proposes an applicable analysis tool. / Business Administration/Finance