Phuong Minh Khuong, Russell McKenna and Wolf Fichtner
The connection between urbanization and energy consumption in the context of cross-country and cross-sector analyses is poorly understood, especially in the Association of South…
Abstract
Purpose
The connection between urbanization and energy consumption in the context of cross-country and cross-sector analyses is poorly understood, especially in the Association of South East Asian (ASEAN). This paper aims to present the first extensive multi-level analysis of the relationship between urbanization and energy consumption in ASEAN countries from 1995 to 2013.
Design/methodology/approach
The multi-level (across country and sector) index decomposition method is used to analyze urbanization, energy mix, energy intensity and activity effects on energy demand. Urbanization is measured by two representative factors, name the urban population and the number of non-agriculture workers.
Findings
Despite the decreasing rate of urbanization, its effect on energy consumption has played the most important role since 2000. Since then, the effect has continued to increase at the national and sectoral levels across the whole region. The strongest urbanization impacts are encountered in the residential sector, followed by transportation and industrial sectors with much weaker effects in the commercial sector. The way in which urbanization impacts energy consumption depends strongly on the income level of the country studied.
Practical implications
The results provide quantitative relationships between urbanization and energy demand. For example, if the urban population and the non-agriculture workers decreased by 0.1 per cent per year, this would reduce energy demand by 1.4 per cent and 2.6 per cent per year respectively.
Originality/value
This contribution provides detailed quantitative insights into the relationships between urbanization and energy demand at sectoral, national and international levels, which are invaluable for policymakers in the region.
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– The purpose of this paper is to examine in which ways hedge funds contribute to financialization.
Abstract
Purpose
The purpose of this paper is to examine in which ways hedge funds contribute to financialization.
Design/methodology/approach
Two already identified conduits through which financialization operates are applied to hedge funds.
Findings
The paper finds that hedge funds drive the phenomenon of financialization in two major ways, i.e. the financialization of corporations, and the financialization of markets. Hence, hedge funds can be conceived as agents of change for financialization.
Research limitations/implications
There are indications that hedge funds possess disciplinary power. Future research should address this pivotal point, even though such power will be difficult to prove empirically.
Social implications
Hedge funds have been found to potentially increase market volatility. In times of crisis, stricter regulation of these investors that take excessive risks seems prudent.
Originality/value
Through linking “hedge funds” with “financialization” this paper closes a research gap. In addition, the so far rather structural debate about financialization benefits from the actor-centered approach of this paper.
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Lucas Prata Feres, Alex Wilhans Antonio Palludeto and Hugo Miguel Oliveira Rodrigues Dias
Drawing upon a political economy approach, this article aims to analyze the transformations in the labor market within the context of contemporary capitalism, focusing on the…
Abstract
Purpose
Drawing upon a political economy approach, this article aims to analyze the transformations in the labor market within the context of contemporary capitalism, focusing on the phenomenon of financialization.
Design/methodology/approach
Financialization is defined as a distinct wealth pattern marked by a growing proportion of financial assets in capitalist wealth. Within financial markets, corporate performance is continuously assessed, in a process that disciplines management to achieve expected financial results, with consequences throughout corporate management.
Findings
We find that this phenomenon has implications for labor management, resulting in the intensification of labor processes and the adoption of insecure forms of employment, leading to the fractalization of work. These two mechanisms, added to the indebtedness of workers, constitute three elements for disciplining labor in contemporary capitalism.
Originality/value
We argue that these forms of discipline constitute a subsumption of labor to finance, resulting in an increase in labor exploitation. This formulation of the relationship between financialization and changes in the realm of labor also contributes to understanding the unrealizing potential of social free time in contemporary capitalism.
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Mohammad Salman, Showkat Ahmad Ganie and Imran Saleem
This paper follows three objectives. The paper aims to demonstrate a synoptic view of the historical evolution of competence, significant growth and changes in conversation. The…
Abstract
Purpose
This paper follows three objectives. The paper aims to demonstrate a synoptic view of the historical evolution of competence, significant growth and changes in conversation. The second objective is to investigate the meaning and definitional usage of competence and competency. The third objective is to present a synoptic view of different dimensions of competence.
Design/methodology/approach
This paper reviews the selected literature spanning from 1959 to date from various databases using the following keywords: competence, competency, employee competence, employee competency, competency management and competency-based management. A total of 170 studies were selected in the first wave. In the second wave, a detailed assessment was made, as suggested by Tranfield Denyer and Smart, to ascertain the relevance of the articles. In this way, only 63 studies were selected for the review. This study also considers other relevant literature.
Findings
The historical evolution demonstrates that competence scholarship has focused on use of the concept in different fields and contexts, theoretical frameworks for competence development and strategic relevance of competence-based (demand-based) human resource management. Results also suggest that the term competency and competence are interchangeably usable. Finally, the review summarizes a total of 16 dimensions of competence, studied in various contexts and classifies them into hard and soft competence and further dividing them into knowledge, skill and self-actualization-related competence.
Research limitations/implications
This paper discusses various research implications for human resource development scholars and professionals.
Originality/value
This paper is a unique attempt to review the literature on three themes of employee competence.
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Suzette Viviers and Nadia Mans-Kemp
Institutional investors in emerging markets are increasingly under pressure to integrate environmental, social and corporate governance considerations into their investment…
Abstract
Purpose
Institutional investors in emerging markets are increasingly under pressure to integrate environmental, social and corporate governance considerations into their investment analyses and ownership practices. Old Mutual Investment Group (OMIG) is a South African-based institutional investor that has long been regarded as a pioneer in responsible investing. The purpose of this study was to examine the nature and effectiveness of OMIG's private shareholder activism endeavours over the period 1 January 2014 to 30 June 2018.
Design/methodology/approach
A unique database was constructed using proprietary, point-in-time data for 69 listed companies covering 283 private engagements. Binary logistic regressions were conducted to test the hypothesised relationships.
Findings
The majority of the private engagements centred on executive remuneration. This finding was not unexpected given the large and growing wage gap in South Africa. Close to two-thirds of OMIG’s private deliberations were successful. Engagement success was positively associated with a targeted company’s capacity to change and desire to protect its reputation.
Research limitations/implications
This study only investigated the private shareholder engagement actions of a single, well-resourced institutional investor.
Practical implications
The findings serve as an encouragement to other investors who are contemplating a more active approach to change unethical and unsustainable corporate policies and practices.
Originality/value
This unique analysis sheds light on the determinants and success of private shareholder activism in an emerging market.
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Francisco Elânio Bezerra, Flavio Grassi, Cleber Gustavo Dias and Fabio Henrique Pereira
This paper aims to propose an approach based upon the principal component analysis (PCA) to define a contribution rate for each variable and then select the main variables as…
Abstract
Purpose
This paper aims to propose an approach based upon the principal component analysis (PCA) to define a contribution rate for each variable and then select the main variables as inputs to a neural network for energy load forecasting in the region southeastern Brazil.
Design/methodology/approach
The proposed approach defines a contribution rate of each variable as a weighted sum of the inner product between the variable and each principal component. So, the contribution rate is used for selecting the most important features of 27 variables and 6,815 electricity data for a multilayer perceptron network backpropagation prediction model. Several tests, starting from the most significant variable as input, and adding the next most significant variable and so on, are accomplished to predict energy load (GWh). The Kaiser–Meyer–Olkin and Bartlett sphericity tests were used to verify the overall consistency of the data for factor analysis.
Findings
Although energy load forecasting is an area for which databases with tens or hundreds of variables are available, the approach could select only six variables that contribute more than 85% for the model. While the contribution rates of the variables of the plants, plus energy exchange added, have only 14.14% of contribution, the variable the stored energy has a contribution rate of 26.31% being fundamental for the prediction accuracy.
Originality/value
Besides improving the forecasting accuracy and providing a faster predictor, the proposed PCA-based approach for calculating the contribution rate of input variables providing a better understanding of the underlying process that generated the data, which is fundamental to the Brazilian reality due to the accentuated climatic and economic variations.
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Erica Kushihara Akim, Diogo Aparecido Lopes Silva and Luiz Carlos de Faria
Using an Integrative Literature Review (ILR), this study aims to investigate the components defining the Safe and Just Operating Space (SJOS) within food systems and assess their…
Abstract
Purpose
Using an Integrative Literature Review (ILR), this study aims to investigate the components defining the Safe and Just Operating Space (SJOS) within food systems and assess their applicability in decision-making for public food procurement (PFP).
Design/methodology/approach
Data concerning SJOS implementation in food systems and the criteria used in PFP were retrieved from the Web of Science and Scopus databases, following the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) protocol.
Findings
The analysis of the literature highlights that climate change (n = 31; 17%) and water use (n = 29; 16%) are the primary focus areas regarding Planetary Boundaries (PB), followed the nitrogen cycle, land use, biodiversity loss and the phosphorus cycle. In PFP, key criteria linked to PB encompass climate change (n = 19; 7.2%), water use (n = 17; 6.44%) and chemical pollution (n = 17; 6.44%). The social and ethical dimensions underscore labour (n = 18; 6.82%), water (n = 17; 6.44%), income (n = 16; 6.06%) and energy (n = 16; 6.06%).
Research limitations/implications
Despite the strengths of this study, certain limitations should be acknowledged. Although the inclusion and exclusion criteria for the reviewed articles were clearly defined, it is possible that relevant literature was unintentionally excluded. Expanding the scope to include grey literature – such as government documents, reports, policy statements and statistical reports – could provide additional insights and broaden the scope of the findings. Moreover, the search was limited to the Web of Science and Scopus databases, which may have resulted in the omission of relevant studies, particularly those published in non-English languages or not indexed journals.
Practical implications
The identified procurement criteria can help public administrators develop guidelines and tools for food procurement that consider the SJOS.
Social implications
This paper offers an understanding of the connection between planetary processes and human well-being in the context of PFP.
Originality/value
This pioneering research lays the groundwork for future agendas in this field and encourages reflection on critical factors essential for selecting methods and standards applied in practical public procurement.