Search results
1 – 3 of 3Amir Karbassi Yazdi, Yong Tan, Ramona Birau, Daniel Frank and Dragan Pamučar
This study aims to find the best location for constructing green energy facilities in India and reducing CO2 emissions. Incorporating green energy is a priority for many countries…
Abstract
Purpose
This study aims to find the best location for constructing green energy facilities in India and reducing CO2 emissions. Incorporating green energy is a priority for many countries under the Paris Agreement. This task is challenging due to factors that affect implementation, and making the wrong decision wastes resources. India’s goals are net-zero emissions by 2070 and 50% renewable electricity by 2030. Other developing nations should emulate India’s renewable energy strategy. India ranks fourth in renewable energy and wind power, and fifth in solar power capacity. This research aims to identify the best locations in India for implementing green energy projects.
Design/methodology/approach
To identify the optimal green energy implementation sites in India, this research uses the hybrid multicriteria decision analysis (MCDA) in an uncertain environment. This research uses the Delphi method to identify the most suitable green energy implementation sites in India. It adapts the elements for this investigation. In addition, the utilization of the Fermatean fuzzy weighted aggregated sum product assessment technique is implemented to effectively prioritize the factors that impact the selection of these sites. This study used the MEREC method (method based on the removal effects of criteria) to identify the most suitable areas in India for implementing green energy. The highest accuracy is attained through the amalgamation of these hybrid methods.
Findings
Following the computation data by hybrid MCDA in uncertainty environment, NP Kunta in Andhra Pradesh emerges as the recommended green energy site among the 11 considered. Also among the factors political strategies and objectives hold the highest priority among them.
Originality/value
This study is pioneering in its efforts to provide a comprehensive perspective on the development and management of green energy operations in India. The study proves advantageous for diverse sites in the successful adoption and management of green energy. The study is additionally valuable in informing policy development aimed at promoting the use of green energy by employees through the utilization of MCDA methods in uncertain environments.
Details
Keywords
Ehsanul Hassan, Muhammad Awais-E-Yazdan, Ramona Birau, Peter Wanke and Yong Aaron Tan
This study aims to develop a robust predictive model for anticipating financial distress within Pakistani companies, providing a crucial tool for proactive economic turbulence…
Abstract
Purpose
This study aims to develop a robust predictive model for anticipating financial distress within Pakistani companies, providing a crucial tool for proactive economic turbulence management.
Design/methodology/approach
To achieve this objective, the study examines a comprehensive data set comprising nonfinancial firms listed on the Pakistan Stock Exchange from 2005 to 2022. It investigates 23 financial ratios categorized under profitability, liquidity, leverage, asset efficiency, size and growth.
Findings
The study reveals that financial ratio indices are more effective in forecasting financial distress compared to individual ratios. These indices achieve impressive accuracy rates, ranging from a robust 93.90% in the first year leading up to bankruptcy to a commendable 73.71% in the fifth year. Furthermore, the research identifies profitability, liquidity, leverage, asset efficiency, size and growth as pivotal indicators for financial distress prediction.
Originality/value
This research underscores the utility and practicality of financial ratio indices, offering a comprehensive perspective on risk assessment and management. In conclusion, this pioneering study provides valuable insights into financial distress prediction, highlighting the enhanced information capture made possible by financial ratio indices. It equips stakeholders in the Pakistan Stock Exchange with an effective means to proactively address financial risks.
Details
Keywords
Madhukara Nayak, Pushparaj M. Nayak, Ramona Birau, Peter Wanke and Yong Aaron Tan
Research on women-owned businesses is more extensive in developed countries than in developing countries. This prompted the authors to investigate the factors that affect women…
Abstract
Purpose
Research on women-owned businesses is more extensive in developed countries than in developing countries. This prompted the authors to investigate the factors that affect women entrepreneurs' motives to start a business and the challenges they faced in running their businesses in India.
Design/methodology/approach
Data for the analysis were collected from 620 respondents using a structured questionnaire and in-depth interviews with 20 women entrepreneurs. The data were then analyzed using descriptive and factor analysis in the statistical software “SPSS” (Statistical Package for the Social Sciences).
Findings
The findings showed that the primary motivation for women to launch their own business was to achieve self-employment. Other motivations include increasing income and allowing women to follow their passion. Factor analysis indicates that women entrepreneurs are more motivated by push than pull factors. The research also shows that women encounter challenges in their entrepreneurial journey, such as access to financing, issues with gender equality and social and cultural obligations.
Originality/value
The study on women entrepreneurs in the Indian context is limited. This study responds to a need of better understanding of women motivations and challenges. By studying these constructs, the study shows that start-up motives and challenges faced by female entrepreneurs are unique to different contexts.
Details