International Journal of Innovation and Sustainable Development (30 papers in press)
Does CSER is a driver of innovation? Evidence from French listed companies
by Sana TRIKI DAMAK
Abstract: This study examines whether socially responsible firms carry higher research and development (R&D) intensity and how corporate governance quality influences this investment. Based on a sample of French firms belonging to the SBF 120 index from 2012 to 2016, the results show that firms with higher corporate social and environmental responsibility (CSER) score have greater R&D intensity. These companies try to protect environment and to create positive social impact by the use of new technologies. Moreover, the findings confirm that firms with better corporate governance quality invest more on R&D. Finally, the results reveal that some control variables influence significantly R&D intensity. The findings in this research may be of practical interest to investors, sustainable professionals and modern consumers who are aware of social and environmental concerns and who are trying to keep
themselves informed about strategies used by businesses to improve CSER practices.
Keywords: CSER; corporate social and environmental responsibility; research and development; corporate governance; board of directors.
Sustainable knowledge flow and innovation in higher education: The implementation of change management in universities
by Muftahu Jibirin Salihu
Abstract: One of the most difficult tasks in higher educational institutions is to implement effective and constructive changes within already functioning system. Resistance and unwillingness of the institutional members are the main barriers for an institution to implement a required change. This is especially the case when facilitating knowledge flow and innovation mindset in higher education. Therefore, in order to implement an efficient change in an institution requires a combination of internal and external forces. Leaders must keep in mind that in many instances individuals outside the institution will play a major role in developing the priorities of their institution and in determining whether or not a proposed innovation can be fostered. In this regard, this paper intends to describe how to facilitate the flow of knowledge and adopt an innovation mindset in the context of higher education or higher learning institutions. In addition, this paper also discusses three domains of a comprehensive implementation or change management plan: structure, culture, and strategies. The change management plan presented in this paper demonstrates how a change initiative can be undertaken in a higher educational institution in the context of knowledge flow and adoption of the innovation mindset. The main outcome of the paper is that institutional mission, vision and priorities need to be clearly understood by every member of the staff in order to support and facilitate change and innovative thinking.
Keywords: Sustainability; Knowledge; Change Management; Change Initiative; Knowledge Flow.
Quality of Life and Redevelopment of Wakaf Che Yeh, Kelantan, Malaysia.
by Oliver Ling Hoon Leh, Nur Asma Aqmalina Hadzaman, Marlyana Azyyati Marzukhi
Abstract: The redevelopment of Wakaf Che Yeh from an open-air night market into a permanent structure commercial area with shops and roadside stalls affected the quality of life (QOL) of the surrounding residents. The study examined the impact of the Wakaf Che Yeh redevelopment on QOL in terms of its physical, economic and social aspects as well as overall impact. The findings showed that the majority of respondents felt that the physical and economic aspects of QOL had decreased. However, the social aspect and overall QOL had increased. All the three (3) aspects of QOL, namely physical, economic, and social, were significantly correlated to the overall QOL impact. However, there was a stronger relationship between overall QOL and the social aspect as compared to the correlation between overall QOL and the physical or
economic aspects. In fact, the nature of QOL leaned more towards the social
concern or wellbeing of people.
Keywords: commercial; economic; impact; physical; QOL; quality of life; redevelopment; social; wellbeing.
Sustainable public value: a step towards green public organisation for a sustainable society
by Abdul Sami, Asmara Irfan, Muhammad Imran Qureshi, Ahmad Jusoh, Khalil Md Nor, Mansoor Nazir Bhatti
Abstract: The development of a sustainable society is the major concern for todays world. Researchers and practitioner from all over the world try to address the environmental challenges to develop the sustainable society. Public organisations are considered as good custodians of energy and environmental resources consumed in their day-to-day operations. Most of the public organisations have affirmed their policies to alleviate the environmental impact of their operations. These green public organisations played an important role to develop sustainable societies. This sustainable development emerged through green public organisation and these green public organisations established by following sustainable public value practices in the organisation. This study collected data from 320 local government officers of Pakistan and used the smart PLS to statistically analyse the data. Results revealed that the Sustainable public organisation can strengthen society and create public value.
Keywords: sustainability; public value; sustainable public value; green public organisation; sustainable society.
ITAIPU TECHNOLOGICAL PARK (ITP) SOCIO-TECHNICAL TRANSITION TO SUSTAINABILITY
by Andriele De Prá Carvalho, Aline Dario Silveira, Sieglinde Kindl Da Cunha, Fabiana Regina Veloso
Abstract: Environmental problems arising with uncontrolled growth increased the interest in studies that combine innovation and sustainability. In this sense, eco-innovation is an approach that contributes to the understanding of the relation between society, economy and the environment. Technology parks are considered innovative environments for the new technologies development, which can be explained by the socio-technical transition theory. Thus, the objective of this paper was to analyse the transition from the eco-innovative niche to an eco-innovative regime at the Itaipu Technological Park (ITP), by basing on a socio-technical approach to understand the different co-evolution influences on the social and technical environment. We were able to show that the ITP, with their sponsor support, Itaipu Binacional, created an eco-innovation favourable environment. The infrastructure of its facilities and labs, in addition to its eco-innovative culture turned ITP into an open environment to the development of eco-innovations.
Keywords: multi-level analysis; socio-technical transition; eco-innovation; ITP; Itaipu Technological Park; sustainable innovation; sustainability; technologic Park; socio-technical innovation; Itaipu Hydroelectric Power Plant.
Creating Innovation Policy and Ecological System in Developing Countries United Arab Emirates (UAE) Model
by Bashar El-Khasawneh
Abstract: This paper focuses on the innovation systems in developing countries and the complementing role of government, the private sector, and the society in forming a functioning ecological innovation system. This paper is targeted at policymakers to help them formulate regulations and frameworks towards creating the legislative and promotion systems to advance innovation within a society. All stakeholders within the society would carry out the tasks of promoting innovation. This paper addresses the policies and roles of the government, industry, and academia in advancing science and technology, which indirectly impacts innovation. Additionally, it provides a more methodological scheme in advancing innovation. These mechanisms span activities within the education system (primary and secondary), undergraduate and postgraduate studies, media, and businesses. The innovation drivers for creativity are identified and briefly explained; then, several key performance indicators are listed which would help in assessing drivers of innovation and their impact. Towards the end of the paper, the national innovation system in the UAE is shown in some detail with related initiatives. This could provide a working model for developing countries with similar conditions and constraints.
Keywords: Innovation; Creativity; Policy; Developing Countries; Eco System; and Entrepreneurship.
Governance, sustainability and carbon markets under the Paris Agreement
by Josu Martinez-Serrano, Miguel Cuerdo-Mir
Abstract: The entry into force of the Paris Agreement, which can be considered the new international consensus to tackle reductions on greenhouse gas emissions from 2020, is facing up many unknown issues on methodology and governance. These are topics under constant negotiation among its signatory Parties. This paper, which methodology relies on a normative analysis of legal texts and bibliographic review on the carbon markets, identifies the key elements of this compromise, and shapes its weaknesses, paying special attention to the rules on carbon markets. It also outlines the obstacles that the already ongoing Clean Development Mechanism (CDM) of
the Kyoto Protocol is facing up nowadays. Clearing up those uncertainties could trigger the development of new projects and innovation to obtain measurable emission reductions under the scope of the new compromise.
Keywords: Paris Agreement; climate change; climate policy; sustainable development; flexible mechanisms; carbon markets.
Splitting up Dhaka City: Rationales, Challenges and Prospects as a Sustainable City
by Md. Wahid Murad, Md. Mahmudul Alam, Shawon Muhammad Shahriar
Abstract: The main objective of this study is to analyse the rationales, challenges and prospects of Dhaka City being split up, for the purposes of creating a sustainable city grounded in relevant theories and widely used and accepted standards. We cited the opinions of urban planners and politicians and referred to relevant theories and standards to achieve this objective. An assessment of Dhaka being divided in accordance with the concept of City Development Strategies reveals considerable deficiencies in most aspects of public goods and services provisions. Whilst splitting Dhaka into separate sections supports the World City Hypothesis it is not without criticisms, for instance those raised by urban planners, experts and politicians. The lack of resources and oversight to address those deficiencies and problems and the administrative, allocative, economic and social inefficiencies makes it very difficult for Dhakas authorities to achieve sustainable urbanisation. For this reason, stringent decisions and appropriate strategies must be implemented by the Bangladeshi government to resolve these problems, inefficiencies and mismanagement in order for the city to be liveable sustainable.
Keywords: Dhaka city; Sustainable city; City split; City development strategies; Sustainable urbanization; World City Hypothesis.
Integrating Innovation and Sustainability into Tour Operator Business
by Salmi Mohd Isa, Maisarah Abd Hamid, Amar Hisham Jaaffar
Abstract: The participation of different stakeholders is necessary to ensure the sustainable development of the tourism sector. Tour operator is one of the crucial stakeholders that have an influence on sustainable tourism due to the fundamental relationship between tour operator roles and sustainable tourism practices. Nevertheless, the empirical studies on sustainable tourism focus mainly on the destination area, while the sustainable destination management of tourism activities have not been explored. Therefore, this study makes a unique contribution to the extant literature by examining sustainable tourism. It also emphases on the quest for sustainable destination as a mediator in the proposed model. The study administers a survey questionnaire to the tour operators, out of which 228 completed questionnaires were returned. This study pursues to show the conceptual relationship between sustainable tourism and tour operator roles in Malaysia. Hence, it suggests several conceptualizations of sustainable tourism, along with some potential applications. It develops some indicators for tour operators since recent evidence indicated that the prevailing indicators were developed on a destination basis. The results suggest that sustainable destination management enhances a positive relationship among perceived innovation characteristics and sustainable business orientation on tour operator roles on sustainable tourism. The result reveals that perceived innovation characteristics and sustainable business orientation have direct positive influences on tour operator roles in sustainable tourism. Remarkably, the study also shows that perceived innovation characteristics and sustainable business orientation have effects on tour operator roles in sustainable tourism through sustainable destination management.
Keywords: Perceived Innovation Characteristics; Sustainable Business Orientation; Sustainable Destination Management; Tour Operator Roles on Sustainable Tourism.
Teaching Sustainable Energy Systems to engineering students
by Giorgio Locatelli
Abstract: This paper presents the learning outcomes, syllabus, delivery, and assessment strategy for a module of Sustainable energy systems for master-level engineering students. The paper is based on three stages of action research.' The first stage is a critical reflection on the planning and the process, based on the experience in delivering the original module and literature review. The second stage is based on semi-structured interviews of 4th-year students, focused on the collection of feedback to improve the module. The third stage is the redesign and peer-review of the module. The key outcome of this work is an approach which further enables students to move from surface learning' to a more profound deep learning. Further steps forward toward a true constructivism are also envisaged. Several enhancements are discussed, including an improved syllabus, new methods of delivery, fine-tuning of the learning outcomes, and finally revisiting the assessment strategy. The holistic teaching of Sustainable energy systems is becoming commonplace in higher education engineering courses. Other lecturers planning or delivering a masters-level module on the topic of Sustainable energy systems can gain practical and useful insights for their teaching from this paper.
Keywords: Sustainability; Energy Systems; Deep learning; Constructivism; Energy Projects.
Reconceptualizing Ecological Fiscal Transfers to Sustainable Development Perspective
by Felipe De Paulo, Ivo Pedrosa, Pedro Camões
Abstract: Ecological fiscal transfers (EFTs) is a policy schema that uses ecological indicators to allocate revenues to local governments. Such intergovernmental fiscal transfers are also suited to address social policies, such as the protection of indigenous land and the reduction of infant and child mortality rates. This study offers a new conceptualization of EFT to achieve sustainable local development that brings together economic, ecological, and social perspectives. Framed on the theories of environmental federalism, fiscal federalism, and public policy, this paper unfolds the concept of sustainable fiscal transfers (SFTs) rather than the more conventional EFTs. SFTs expand the potential of the ecological fiscal transfer to other policies, functioning as a policy tool to reach goals in social, economic and environmental policies at the local level. In order to illustrate this new conceptualization, it describes the SFTs as a Brazilian state policy.
Keywords: Ecological Fiscal Transfers; Sustainable Fiscal Transfers; Sustainable Development; Fiscal Federalism; Brazil.
A study on individualistic and collectivist factors inducing career choice of management students in India
by Navneet Gera, Noopur Saxena
Abstract: The study intends to find out the order of importance for factors that influence the career choice of students undergoing management course in India. The effect of individualistic factors as well as collectivist factors on students decisions regarding career choice is analysed, along with the study of cultural values and career orientation. 120 management students who were from their first year, from management institutes in India were surveyed through a self-designed questionnaire. The findings of factor analysis suggest that individualistic capabilities consisting of skill competencies play key role in setting the direction for career choice. The next preference is students own family members and social network and equally important is the role of institutional mentors in shaping their career. Finally, they look forward to the status and salary. The study recommends the need of training for faculty providing career guidance, to direct the youngsters undergoing management course.
Keywords: careers; career guidance; management students; choice; individualistic factors; collectivist factors; career orientation.
Health Risk Assessment of Heavy Metals in Earthen Pond Raised African catfish (Clarias gariepinus) in Lagos State, Nigeria
by Ademola Michael Akinsorotan
Abstract: The provision of safe aqua foods is of great importance to achieving sustainable growth and healthy living in developing countries. Hence, the associated health risks of heavy metals in earthen pond raised African catfish (Clarias gariepinus) were assessed in Lagos State, Nigeria. 27 fish samples (400.85g each) were acquired from farms in the sampling areas. Heavy metals and the associated health risk indices were determined using atomic absorption spectrometer, health quotient (HQ), health risk index, and total health quotient according to standard methods. Results indicated that most concentration of the heavy metals (Al, Cr, Co, Cu, and Pb) detected in African catfish raised in earthen ponds in Lagos metropolis, Nigeria, were within acceptable limit except for Fe and Mn that were beyond the permissible levels. Health quotient estimated for all the heavy metals in C. gariepinus were equally below 1 for all the age categories. This implies that the entire population estimated in the Lagos Metropolis would not experience toxicity of metals such as Al, Co, Cr, Cu, Fe, Mn, and Pb in their lifetime due to the consumption of African catfish raised in earthen ponds in Lagos, Nigeria. The health quotient estimated for children (0.1053) in Alimosho was the highest among the population while the least HQ was recorded for adults and teenagers in Badagry respectively. The highest total health quotient was recorded among children (0.3687) in Ibeju-Lekki while the lowest was estimated for adults (0.1080) in Alimosho, Lagos, Nigeria. This study revealed that the cumulative effect of all the metals in African catfish raised in earthen ponds in Lagos, Nigeria cannot create any carcinogenic risk in humans. Therefore, existing and prospective consumers within and outside the Lagos Metropolis can continue to depend on the fish farms in the city for a safe and healthy supply of African catfish.
Keywords: African catfish; heavy metal; health quotient; health risk index; Lagos; Nigeria.
Life Satisfaction Model of Intention to Contribute in Sustainability: Through the Lenses of Servant Leadership Theory
by Rinki Dahiya
Abstract: The responsibility of a sustainable tomorrow lies on the shoulders of teachers. Recognizing its importance, the present study aims to develop and test a life satisfaction model of intention to contribute in sustainability through the lenses of servant leadership theory. The sample consists of 263 full-time permanent teachers working in selected Government Technical Institutes/Universities of India. The data was analyzed with structural equation modelling. The findings reveal that benevolence, interpersonal forgiveness and affect significantly contribute toward enhanced life satisfaction which in turn influence the intention to contribute in sustainability. There is a partial mediating effect of interpersonal forgiveness on the link between benevolence and life satisfaction. The present study emphasizes that counselling services in universities may develop and implement psycho-educational training programs focusing on benevolence, forgiveness, affect balance and life satisfaction to develop intentions to contribute toward sustainability.
Keywords: Benevolence; interpersonal forgiveness; positive affect; negative affect; life satisfaction; intention to contribute in sustainability; servant leadership theory.
Barriers to the adoption of sustainable standards by consumer goods companies: a conceptual model
by Denise Dalmarco, Kavita Hamza
Abstract: Sustainable standards are a potential way to leverage sustainable production, but there are several barriers to their adoption on a larger scale. Several of these barriers are already known, but to date, no study has sought to consolidate them. To fill this gap, we conducted fifteen interviews with Brazilian managers of consumer goods companies, certification/standardization bodies, and suppliers of raw materials. The analysis resulted in a consolidated table of barriers and a conceptual model that establishes the relationships between different stakeholders and the respective barriers. We found that consumer goods companies face barriers that are mainly related to their relationships with suppliers and standardization bodies, in addition to internal issues. Our study contributes to a better understanding of how the corporate environment takes into account sustainable standards and can be useful to distinct stakeholders.
Keywords: Sustainable supply chain management; marketing management; sustainable labels; voluntary sustainability standards and labels (VSSLs); barriers; stakeholders.
Special Issue on: EDaSS VII Knowledge and Sustainability Reflections to Achieve Balanced Societies
Sustainable business model innovation and ethics: A conceptual review from the institutional theory addressing (un)sustainability
by Alberto Peralta, Laura Gismera
Abstract: Being this a period when human activities and creations profoundly alter many geological conditions and processes, here we conceptualise how the sustainable innovation of business models acts as yet another lever for the dissemination of human misbehaviours against the planet and its ecosystems. Departing from the Institutional Theory approach to entrepreneurship and sustainability, we identified institutional and ethical standards and norms that allow a better understanding of the institutional logic behind sustainable business model (SBM) innovation, how it is formed and its consequences in terms of inequity, oppression and exclusion. We have linked those standards with 12 constructs that can guide further empirical analyses; incubators, trainers, investors and policy makers could use them to support entrepreneurs avoid planet challenges and enhance human and non-human ecosystems.
Keywords: SBMs; sustainable innovation; sustainable business models; institutions; values; ethics; anthropocene; entrepreneurship; ecosystems; inequity; exclusion; planet boundaries.
Analysis of Social, Environmental and Economic Sustainability Core: A Bibliometric Overview
by Nuria Bautista-Puig, Elba Mauleón, Elías Sanz-Casado
Abstract: Sustainability has become a global concern in the 21st century. However, sustainability is an ambivalent concept that can be interpreted in many ways. In the beginning, it was environmentally-related. Later, however, it was linked to social or economic sustainability, which was known as the triple bottom-line or the three-pillar model (social/economic and environmental sustainability). Later, additional dimensions were incorporated, such as institutional, cultural, or even spatial. As a result of the growth and importance of sustainability, this study provides a comprehensive overview of the core of sustainability. With that aim in mind, we will analyse the following aspects of scientific production: volume of scientific output, primary agents involved (countries, institutions), web of science (WoS) categories, collaborations, acknowledgement patterns, and thematic analysis. The findings in this paper suggest an increasing growth in scientific output in all areas of sustainability, albeit with different patterns (e.g., collaboration, specialisation) among the three pillars.
Keywords: environmental sustainability; social sustainability; economic sustainability; sustainability core; bibliometric indicators; sustainability research; research for sustainable development; scientometrics.
Detecting trends in sustainability publications: research development and dynamics in Green & Sustainable Science & Technology category.
by Andres Pandiella-Dominique, Nuria Bautista-Puig, Daniela De Filippo
Abstract: Although the sustainability movement began to take shape in the early nineteen seventies, it was not until 1987 with the publication of the Brundtland Report that it acquired institutional recognition. The academic communitys engagement with the movement came a few years later in the form of sustainability science, which developed and consolidated in keeping with the dynamics of any new scientific discipline. This review analyses its development based on the papers listed in the Web of Science category Green & sustainable science & technology. The bibliometric methodology used included social network and multivariate analysis focusing on journal, discipline and subject inter-relationships to map and analyse developments in this new field. The main findings identified four clusters of journals with different patterns of development: sustainability, renewable energies, green chemistry and green ecology. Mainstream and emerging subjects were determined on the grounds of co-word analysis.
Keywords: Green and sustainable science and technology; science mapping; sustainability science; emerging trends; scientometrics.
The Influence of Media Exposure and Trust on Youth Attitude towards Greener Tainan
by Tamer Mohamed, Chang Chia-Hua, Yu-Chuan Huang
Abstract: Urban pollution is getting catastrophic in Asia-Pacific (APAC), especially for industrial countries like Taiwan. Therefore, serious measures need to be taken for green transformation. This paper tries to explore and assess the role of media in promoting green transformation by asking university students in Tainan to know how it can affect their attitude towards such a transition. This quantitative pilot study with structured questionnaires is based on 81 valid responses from local and foreign students in four major universities in Tainan. The results exhibit that correlations do exist between green media exposure and trust, and, trust and attitude. However, correlation between media exposure and attitude is not validated. Therefore, trust is proved to be a mediator between media and attitude in this paper. It is also shown that young adults in Tainan could be affected by green media to have more trust toward green products, which in turns can positively affect green attitude. Although this research has limitations, its novelty can still be treated as a guiding preliminary study and contribute to future research.
Keywords: Green marketing and advertising; Sustainability; Taiwan; Green technology adoption.
What is the public opinion about universities and sustainability? A social media analysis among Spain and across the world.
by Cecilia Elizabeth Bayas Aldaz, David Duran-Rodas, Leyla Angélica Sandoval Hamón
Abstract: This exploratory study aims to identify, to cluster, and to set an emotional value of the content of tweets including university and sustainability-related terms in Spain in comparison to the rest of the world. For six months, in Spain, 2370 tweets were collected and 53,567 tweets in the rest of the world (English language). To carry out this research, sentiment and topic clustering analyses were applied. The results present key factors that involve the environment, research, and innovation through the role of universities in communities. The outcome also adds an entrepreneurship vision and practical implication of academic knowledge in industries. The conclusions of the present study can be useful to evidence the contribution of universities in their pursuit of a sustainable environment. Our findings will also define important questions to be addressed through the main mission of universities as part of an innovative process of answering new challenges.
Keywords: Twitter; sustainability; social media; university; sentiment analysis; text mining; public opinion; environment.
Special Issue on: AIC 2018 Sustainability in a Multidisciplinary Scenario
Cohesiveness, Social Justice, and Innovativeness with Environmental Sanitation Behaviour
by Yusriani Sapta Dewi
Abstract: This research aimed to observe the relationship between cohesiveness, social justice, and innovativeness with environmental sanitation behaviour on households at Sukakarya, West Java. The method used was survey method with a correlational study by involving 85 samples. There were four instruments which measured environmental sanitation behaviour, cohesiveness, social justice, and innovativeness. Data has been analysed using ANOVA. Research results revealed that there is a positive and significant correlation among those variables, even though it has been controlled by second-order correlation, it is still significant among them. Therefore, it may be concluded that if environmental sanitation behaviour would be improved, then cohesiveness, social justice, and innovativeness should be taken into consideration.
Keywords: cohesiveness; social justice; innovativeness; environmental sanitation behaviour.
Social Exchange Theory in Sustainable Tourism: A case study from Thailand
by Uraiporn Kattiyapornpong, Chatchasorn Kanjanasilanon, Morakot Ditta-Apichai
Abstract: As multi-stakeholders are important in sustainable tourism development (STD), this study applies the social exchange theory (SET) to explain all stakeholders perceptions towards STDs benefits and impacts on the local community. This paper is part of a larger study that offers better explanation of local leaders and policy-makers perceptions towards STD as these stakeholders act as the critical initiators or facilitators in a selected tourism site in the local community. A total of 10 local leaders and policymakers in Thailand was interviewed and the results were thematically analysed using Nvivo program. Although positive and negative perceptions are anticipated, other insightful results including fostering mutual benefits for all stakeholders in a sustainable way are presented. Sample size, data collection and research methodology are this papers limitation. Further research should include more data from other stakeholders in order to understand the bigger picture of applying SET in STD.
Keywords: SET; social exchange theory; STD; sustainable tourism development; policy-makers; Thailand; Koh Kret.
Building a conducive, engaged, and learning working environment through sustainable and impactful organisational culture
by Bradley C.Y. Ho, Norizah Mohd Mustamil, Sharmila Jayasingam
Abstract: A positive working environment that is conducive to engagement and learning among an organisations employees plays an integral role in the overall success and sustainability of the organisation itself. This study provides an in-depth analysis of using organisational culture as a sustainable tool to bring about lasting changes in the organisational ecosystems that contribute to employee engagement and lifelong learning. Samples from 472 respondents were obtained, and SEM analyses were employed in this study. The empirical results demonstrate that bureaucratic organisational
culture has no impact on engagement and lifelong learning among employees. Although innovative organisational culture is the most effective in promoting employee engagement, it does not impact employee lifelong learning disposition. Interestingly, supportive organisational culture negatively impacts engagement, but contributes to workforce lifelong learning (LLL). This research shows that a conducive working environment can be created with proactive nurturing of organisational knowledge as the inherent culture of the organisation.
Keywords: organisational culture; OC; lifelong learning; LLL; employee engagement; EE; working environment; human resource; sustainability; management.
Determinants of Urban Residential Water Demand in Libya
by Mabroka Mohamed Daw, Elhadi Ramadan Abdulhadi, Mohd Ekhwan Toriman
Abstract: This article analyzes the effect of several economic, environmental and social determinants for the per capita demand for water in Libya. Besides prices, income and population size, the article reflects the impact of urban population size, the temperature, summer temperature, and precipitation. The article also explores why the current per capita residential water demand in the urban areas is about more than in the other areas in Libya. In this study, the econometric model based on E-views method, instrumental-variable procedures, the ARDL model and the demand equation are applied. The cointegration analysis has shown a significant positive effect of temperature on water demand over the short and long term with partial flexibility of long-term temperature (5.44). Also, there is a positive relationship between rainfall and water demand in the long term and its less impact in the short term. There is a significant positive relationship between urban population and water demand. The greater urban population is greater the water demand and vice versa, partial flexibility of the urban population in the long term is at 0.23. On the other hand, there is a significant negative effect of income on water demand. Therefore, water demand is inflexible to changes in income. The study demonstrated that there is a negative effect on water price in relation to water demand. The estimated long-term variable of water value is 220.98, indicates that if the water price increases by 100%, the demand for water will go down by 221%.
Keywords: Urban Residential Water Demand; Water resources Libya; Water situation in Libya; Determinants water demand.
SYSTEM DYNAMICS TO ASSESS THE FINANCIAL IMPACT THROUGH THE USE OF RECYCLED KITCHEN OIL IN SOLID WASTE COLLECTION VEHICLES
by Glauco Oliveira Rodrigues, Eugênio De Oliveira Simonetto, Daniel Luis Arenhardt
Abstract: This paper aims to understand, develop and execute computational models to analyse the cost benefit of the use of different percentages of biodiesel in urban solid waste collection and to verify the biodiesel production viability by organisations. For the models development, the system dynamics method was used. Mathematically, System Dynamics model is a system of linear equations. Through Vensim software, it was possible to develop, document, simulate, and analyse the models, noting the financial impact caused by waste collection in seven municipalities in southern Brazil. For the modelling, nine scenarios were developed and divided into 3 groups: simulation with different percentages of biodiesel, simulation using BIOBOT 20 processor, and simulation through a plant construction by the company. As a result, it was found that, in the long term, the best scenario for the company analysed is the use of BIOBOT 20 processor with 15% biodiesel percentage, followed by the construction of its own plant, also using 15% biodiesel. Results were satisfactory and met the designers expectations.
Keywords: biodiesel; complex systems; computational modelling; sustainability; systems dynamics; Vensim.
Special Issue on: ICSGR 2020 Achieving Sustainability through Corporate Social Responsibility
Ownership pattern and firm performance: Corporate Governance in Indian Firms
by Daman Jeet
Abstract: Firms are defined by a set-up of associations that represent contractual provisions for financing, capital structure, managerial ownership and recompense. It has been observed from business history that these relationships have disagreements but virtually every party has alleged to the overall objective of good performance of the business. Previous studies have investigated the relationship among various parties within a firm and the impact on performance through agency theory as this theory leads to separation of ownership and control. But the results of previous studies are rather mixed due to disparity in measures of ownership and performance. This study looks for examining performance under different and detailed list of ownerships and composition of board. Using panel data an attempt was made to study the association between ownership pattern and firm performance for all the major industries listed on BSE 500 index.
Keywords: corporate governance; ROA; ROE; Tobin’s Q; BSE.
DYNAMICS OF INDIAN STOCK MARKET VOLATILITY
by Isha Narula
Abstract: The market volatility is one of the most pioneering topics in financial literature. If any potential investor understands the pattern of volatility, the prediction becomes easier and bagging profits becomes convenient. It has been observed that whenever a new piece of information hit the market, investors react in their own respective ways. Given piece of information may or may not be that useful for the prediction purposes. So, this research study is basically focusing on budgetary announcements and their impact on market sentiments and investment behaviour. The present study however, concentrated on volatility clustering before and after the event.
Keywords: market volatility; efficiency; volatility clustering.
Green HRM: A Medium of Social Responsibility and Sustainable Development.
by Nikita Agrawal, Ruby Bansal
Abstract: The key aim of the research is to explore the green human resource management practices in India and to detect the challenges encountered in this context. The research was conducted in two stages namely, through review of literature and then through case study technique in which information was collected from manufacturing organizations as manufacturing sector largely employs natural resources, affecting both social responsibility and sustainability. On analysis the functions of HRM have been specified in the process format along with detailed division of GRM practices. The study brings out major GHRM practices and explains the challenges with measures to overcome them. It thus presents the role of function of HRM towards creating an organization which is green as well as the green HRM practices current trends to ensure social responsibility and sustainability.
Keywords: Green Human Resource Management.
Impact of Learning through Live Projects on Sustainable Employability Generation - Checking Moderating Role of Education; an Empirical Study
by Dr. Madhu Arora, Abha Gupta
Abstract: Purpose: The study will explore the influence of insights or skills developed by doing live projects like developing professionalism, communicating effectively, social accountability and accounting, self-management, analyzing data and using technology on the Sustainable employability trait of the student. Also the moderating effect of the educational qualification on the stated relationship will be explored. The study uses the sample of 454 students from all over the country and performs Structural Equation Modeling to assess the links between learning from doing live projects like like developing professionalism, communicating effectively, social accountability and accounting, self-management, analyzing data and using technology and Sustainable employability. The study finds a significant relationship between live projects and employability. Learning from doing live projects increases the chance of employment for the students. i.e. developing professionalism, communicating effectively, social accountability and accounting, self-management, analyzing data and using technology influence the employability of the student in a statically significant manner. Research limitations /Implications: The study is done with a sample of 454 students focusing only on employability generation. Other factors like leadership quality, teamwork experience, high morale etc have been ignored and can be studied in future researches. Practical Implications: The findings of the study suggest managers/top management of the organization that there is a need to improve the quality of live projects offered to students as live projects directly influence the employability. It also provides insights to the management institutes to motivate their students to undertake more and more live projects. This will generate more employment opportunities to the students and will provide more choices to the students for starting their professional career. Originality: This study contributes in the domain of live projects and suggested live projects as major antecedent for employability generation among students The study establishes the link between learning from live projects and employability along with moderating effect of educational qualification.
Keywords: Live Projects; Sustainable; Employability; Educational Qualification.
ACHIEVING SUSTAINABILITY THROUGH FINANCIAL LITERACY TRAINING
by Swati Puri
Abstract: Minimal is known about the causal impact of financial literacy training on improved financial outcomes. This is due to minimal research being carried out in this regard. This may be attributed to the fact that evaluating the impact of financial education is a daunting task. However, the few studies that have been conducted in different parts of the world indicate that financial literacy programmes can make a difference. It has also been highlighted by few authors that financial literacy i.e. the knowledge regarding money, is linked to sustainable financial behavior of individuals. The present study is thus an attempt to measure the level of financial literacy of retail investors in Delhi and to identify whether there is any significant difference in financial literacy scores of those who attended financial literacy/awareness training/programme and those who did not attend any financial literacy/awareness training/programme. The data has been collected from 350 retail investors approximately half who have attended Financial Literacy Training Programme organized by SEBI or any other such institution and others who have not attended any such programme. The statistical analysis made through Cramers V and students t-test reveals that the mean financial literacy score of those who have attended financial literacy programmes is significantly different from those who have not attended any training.
Keywords: Financial Literacy; Financial Outcomes; Retail investors; SEBI; Training Programmes.