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Article
Publication date: 3 September 2024

Yilmaz Bayar, Valentin Toader, Marius Dan Gavriletea and Oguzhan Yelkesen

Sustainable development is considered a key factor in addressing environmental issues, global inequalities and poverty. This study aims to investigate the impact of stock market…

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Abstract

Purpose

Sustainable development is considered a key factor in addressing environmental issues, global inequalities and poverty. This study aims to investigate the impact of stock market indicators on sustainable development across 16 emerging markets from 2003 to 2020.

Design/methodology/approach

The research uses causality and cointegration analyses to explore the relationships between stock market indicators and sustainable development.

Findings

Univariate causality analysis reveals a bidirectional causal relationship between the stock market turnover ratio and sustainable development, as well as a unidirectional relationship from sustainable development to stock market capitalization and total value traded. Panel-level cointegration analysis suggests that only stock market capitalization has a weak positive influence on sustainable development. However, the impact of stock market indicators on sustainable development varies significantly among countries, as revealed by country-level cointegration analysis.

Research limitations/implications

While this study provides valuable insights, it is not without limitations. The findings are limited to the selected emerging markets and the specified timeframe (2003–2020). The complexity of factors influencing sustainable development suggests the need for further exploration in diverse contexts.

Practical implications

Understanding the nuanced relationships between stock market indicators and sustainable development can offer valuable insights for policymakers, investors and stakeholders.

Originality/value

This research contributes to the existing literature by examining the multifaceted connections between stock market indicators and sustainable development, focusing on country-specific causality relationships. The study highlights the reciprocal nature of this relationship, where financial market development can both influence and be influenced by a country's progress toward sustainability. This approach provides a more nuanced understanding of the complex interaction between stock market maturity and sustainability goals.

Details

International Journal of Islamic and Middle Eastern Finance and Management, vol. 17 no. 6
Type: Research Article
ISSN: 1753-8394

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Article
Publication date: 22 May 2023

Linda Hijriyah, Anuar Alias and Mohd Firrdhaus Mohd Sahabuddin

This study intends to analyze the trend of walkability research over two years (2021–2022) in several aspects, including the research problem, gap and aim underlying walkability…

700

Abstract

Purpose

This study intends to analyze the trend of walkability research over two years (2021–2022) in several aspects, including the research problem, gap and aim underlying walkability issues, research setting, the scale of analysis, the type of data, the data collection tool, the analysis method and contribution.

Design/methodology/approach

Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) is employed to conduct a systematic literature review from three leading databases including Web of Science (WoS), Scopus and Sage.

Findings

From the review, it can be concluded that the research focuses on two aspects, namely, the built environment and people. The studies in this field are conducted at different scales of the built environment, from macroscale to microscale, including region, city, neighborhood and street-level studies that are conducted around the world including Asia, Europe and America which receive high attention from researchers. Meanwhile, the study of walkability in Australia and Africa gains less attention. It is revealed that there are four factors of walkability including land use and accessibility for macroscale which cover region, city and neighborhood, while street network and pedestrian infrastructure and facility are mainly analyzed for street-level. Most of the studies widely utilize a quantitative approach for analyzing physical walkability factors in a measurement-based approach by using certain tools/software, and a perception-based approach by using questionnaires.

Research limitations/implications

The findings can assist to keep up with the rapid pace of scientific publications and help accelerate the understanding of particular ideas in the field of walkability for the planning and design practice and policy that can be used by researchers/academia, urban designers, urban planners, architects, engineers and policymakers. Also, this study hopefully could assist further research direction for the future and could add value to a more advanced way of understanding the research on walkability.

Originality/value

This research provides a robust framework for walkability trend analysis and a comprehensive understanding of the main ideas from the existing research on walkability worldwide.

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Publication date: 13 April 2023

Samet Hacilar, Ayhan Kapusuzoglu and Nildag Basak Ceylan

The main purpose of this study is to measure financial literacy of individual pension system customers in Ankara and to find out factors affecting financial literacy while…

Abstract

The main purpose of this study is to measure financial literacy of individual pension system customers in Ankara and to find out factors affecting financial literacy while acquiring additional information on financial decisions of individual pension system customers. The results show that the self-financial knowledge evaluation of individual pension system customers and their financial literacy are not compatible. Besides, the financial literacy levels of the customers who make their investment themselves and customers who leave investment decision to the individual pension system company are found not to be statistically significant although self-investors believe they have higher financial knowledge. In addition to this, the effects of financial literacy level in terms of renewable energy investments are also evaluated. Individuals with an increasing level of financial literacy may turn to renewable energy sources and investments because of their low-cost and high-return potential.

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Article
Publication date: 13 July 2021

Taicir Mezghani, Mouna Boujelbène and Mariam Elbayar

The main objective of this paper is to investigate whether the investors' behavior under optimistic (pessimistic) conditions has an impact on risk transmission between the Chinese…

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Abstract

Purpose

The main objective of this paper is to investigate whether the investors' behavior under optimistic (pessimistic) conditions has an impact on risk transmission between the Chinese stock and bond markets and the sector indices mainly during the COVID-19 pandemic.

Design/methodology/approach

This study uses a new measure of the investor's sentiment based on Google trend to construct a Chinese investor's sentiment index and a quantile causal approach to examine the causal relationship between googling investor's sentiment and the Chinese stock and bond markets as well as the sector indices. On the other hand, the network connectedness is used to estimate the spillover effect on the investor's sentiment and index returns. To check the robustness of the study results, the authors employed the Chinese VIX, as another measure of the investor's sentiment using daily data from May 2019 to December 2020.

Findings

In fact, the authors found a dual causality between the investor's sentiment and the financial market indices in optimistic or pessimistic situations, which indicates that positive and negative financial market returns may have an effect on the Chinese investor's sentiment. In addition, the results indicated that a pessimistic investor's sentiment has a negative impact on the banking, healthcare and utility sectors. In fact, the study results provide a significant peak of connectivity between the investor's sentiment, the stock market and the sector indices during the 2015–2016 and 2019–2020 turmoil periods that coincide respectively with the 2015 recession of the Chinese economy and the COVID-19 pandemic.

Originality/value

This finding suggests that the Chinese googling investor's sentiment is considered as a prominent channel of shock spillovers during the coronavirus crisis, which confirms the behavioral contagion. This study also identifies the contribution of a particular interest for portfolio managers and investors, which helps them to accordingly design their portfolio strategy.

Details

China Finance Review International, vol. 11 no. 3
Type: Research Article
ISSN: 2044-1398

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Article
Publication date: 30 January 2025

Muhammed Gur, Hakan Oztop, Nirmalendu Biswas and Fatih Selimefendigil

The purpose of this study is to investigate the impact of swirling jet flow on the cooling performance of a heated rectangular prism placed within a channel. The primary aim is to…

30

Abstract

Purpose

The purpose of this study is to investigate the impact of swirling jet flow on the cooling performance of a heated rectangular prism placed within a channel. The primary aim is to explore the influence of varying aspect ratios (AR) of the prism and different fluid Reynolds numbers (Re) on the cooling efficiency.

Design/methodology/approach

The numerical analysis is performed using a finite volume-based solver, which incorporates the large eddy simulations (LES) turbulence model. The setup consists of twin 45° swirling jets directed at isothermally heated bodies, with water used as the cooling medium. The rectangular prism is oriented perpendicularly to the channel flow direction, positioned one unit distance from the inlet. This study examines three distinct aspect ratios (AR = 0.5, 1 and 1.5) and a range of Reynolds numbers (6000 = Re = 20000).

Findings

The results indicate that cooling efficiency improves as the aspect ratio decreases and the Reynolds number increases. Higher Reynolds numbers enhance jet impingement and turbulent mixing, which are crucial for efficient heat transfer. Conversely, lower Reynolds numbers lead to diminished impingement and reduced cooling efficiency. Increasing the Reynolds number from 6000 to 20000 elevates the average Nusselt number by 35% (for AR = 0.5) and up to 45% (for AR = 1.5). It was observed that lower aspect ratios produce superior cooling effects due to intensified localized jet interactions.

Originality/value

This research significantly contributes to the fields of fluid dynamics and thermal engineering by elucidating the influence of swirling jet flows on the cooling of heated surfaces. The findings offer valuable insights for optimizing the design and performance of cooling systems across various industrial applications.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0961-5539

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Article
Publication date: 12 July 2021

Asiye Ayben Celik and Enis Yakut

The purpose of this paper, focusing on the visually impaired and legally blind consumer, is to explore the relationship between the perceived consumer vulnerability on customer…

788

Abstract

Purpose

The purpose of this paper, focusing on the visually impaired and legally blind consumer, is to explore the relationship between the perceived consumer vulnerability on customer satisfaction and the effect of satisfaction on the intention of repurchase and recommendation as the determinants of store loyalty in an apparel store context.

Design/methodology/approach

A survey was conducted on 216 visually impaired and legally blind consumers in the province of Manisa, Turkey, concerning their apparel shopping store experiences to examine how the perceived vulnerability influences visually impaired and legally blind consumers’ satisfaction, recommendation and repurchase intentions. The data were analyzed using structural equation modeling.

Findings

The results of the study revealed that as the visually impaired and legally blind consumers perceive themselves more vulnerable, they become more satisfied with the store, and that the more they are satisfied with the store, the more their intention to recommend that store and purchase intention from that store increases. However, the authors’ investigation showed no significant differences between the consumers who were born blind and who became blind later in their life.

Originality/value

The paper contributes to the literature by extending the understanding of visually impaired and legally blind consumers’ perceived vulnerability in the brick-and-mortar stores and demonstrates how it is related to satisfaction as a major driver of post-purchase intentions like recommendation and repurchase. It also exhibits the fact that blind consumers – both congenitally blind and subsequently blind – cope with this vulnerability through their own solutions to go on their lives, and they do not perceive themselves as vulnerable, as it is perceived by the able-bodied.

Details

Journal of Services Marketing, vol. 35 no. 6
Type: Research Article
ISSN: 0887-6045

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Book part
Publication date: 1 March 2022

Müjde Aksoy and Özer Yilmaz

IntroductionIn today’s intense competitive environment, businesses that want to have a sustainable competitive advantage must put the customer at the centre of all their

Abstract

IntroductionIn today’s intense competitive environment, businesses that want to have a sustainable competitive advantage must put the customer at the centre of all their activities and create customer loyalty by offering products and services that will provide customer satisfaction. One of the key elements of ensuring customer satisfaction is the effective handling of customer complaints, which is defined as the customers expressing their dissatisfaction with unmet expectations and unsatisfied needs verbally or in writing. The concept of a complaint as a response of customers’ dissatisfaction with the products and services they experience is an invaluable feedback mechanism for businesses to resolve issues relating to their products and services.

AimThe aim of this chapter is to emphasise the importance of the concept of complaint as an important part of customer relations management and an effective marketing tool for the tourism sector. As a service sub-sector, the simultaneous production and consumption of services in the tourism sector ensures customer satisfaction more than concrete products, due to their inseparable nature. For this reason, handling, evaluating and finalising customer complaints has an important function and value in providing the necessary information for tourism enterprises to become aware of their deficiencies and mistakes. Complaint management has started to play an even more critical role for the tourism industry in preventing customer losses due to dissatisfaction, especially considering the shrinkage in demand in the sector due to the COVID-19 pandemic.

MethodFirstly the concept of complaint and the importance of complaints for businesses were explained, customer complaint behaviour and the factors affecting this behaviour were examined in detail, the concept of online complaint was mentioned and the subject was evaluated in terms of tourism businesses.

ResultsWhile the effective management and resolution of complaints should be seen as a goal by every tourism business, it is vital that they understand customer complaint behaviours, the factors affecting this behaviour and how complaints should be managed in a way that will result in favour of the business.

ConclusionA complaint management process that enables customers to easily report their complaints to businesses and produces solutions as soon as possible will positively affect customer satisfaction. In this context, in order to reduce the negative effects on tourism enterprises, especially through the pandemic, business need to have clear and easy-to-access procedures, provide a quick response, show reliability and consistency in providing a solution, keeping the complainant informed of progress, have employees who can communicate with empathy and courtesy, have enough employees to deal with the situation, and adopt proactive approaches to prevent complaints rather than reducing the volume of complaints.

Originality/ValueThis research contributes to the literature in terms of complaining behaviour, examining the factors affecting this behaviour and emphasising the importance of the concept of complaints in the tourism sector. In addition, the research is important in terms of examining the contributions of an effective complaint management system in reducing the negative effects of the COVID-19 pandemic on the tourism sector, which is one of the sectors mostly affected on a global scale.

Details

Managing Risk and Decision Making in Times of Economic Distress, Part A
Type: Book
ISBN: 978-1-80117-427-5

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Article
Publication date: 15 October 2024

Innocent Chigozie Osuizugbo, Atinuke Adebimpe Orekan, Mazen M. Omer and Raphael Funsho Simon

Zero-energy building (ZEB) has been considered as an innovative approach to reducing building carbon emissions (CEs) and improving building energy performance. Despite huge…

42

Abstract

Purpose

Zero-energy building (ZEB) has been considered as an innovative approach to reducing building carbon emissions (CEs) and improving building energy performance. Despite huge benefits of ZEBs, there are still challenges limiting the construction of ZEBs in the construction sector. This study seeks to assess and determine the principal component of technological-related barriers to the construction of ZEBs in Nigeria.

Design/methodology/approach

The study designed a questionnaire to examine the technological-related barriers to the construction of ZEBs in Nigeria. Questionnaires were administered, and 272 valid responses were elicited. Thereafter, data were analysed using descriptive and inferential statistics.

Findings

The results from the exploratory factors analysis show that the principal components of technological-related barriers to the construction of ZEBs in Nigeria are categorised into five principal components: access and awareness for technological integration and innovation; knowledge on renewable technology integration; space and complexity of sustainable energy technologies; cost and readiness for ZEB technologies; and research outcomes with practical implementation in sustainable building technologies.

Originality/value

This study contributed to more effective ZEB studies by highlighting technological-related barriers to the construction of ZEBs in construction industry. An understanding of these barriers can aid construction stakeholders, organisations, policy-makers and governments in devising strategies targeted at reducing these technological-related barriers and fostering the construction of ZEBs in construction sector. Recommendations for further study on ZEBs were also made.

Details

International Journal of Building Pathology and Adaptation, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2398-4708

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Article
Publication date: 26 June 2024

Abigail Naa Korkor Adjei, George Tweneboah and Peterson Owusu Junior

This study aims to investigate the amount and direction of economic policy uncertainty (EPU) spillover among six emerging market economies (EMEs), and to also ascertain arguments…

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Abstract

Purpose

This study aims to investigate the amount and direction of economic policy uncertainty (EPU) spillover among six emerging market economies (EMEs), and to also ascertain arguments on the increased volatilities of uncertainty in most EMEs.

Design/methodology/approach

This study adopts a recent methodology developed by Baruník and Krehlík’s (2018) methodology to measure pairwise, composite and net spillover. This methodology helps investigate the size and direction of EPU spillover in EMEs. The unique feature of this methodology is its ability to capture frequency domain as well as time-frequency dynamics.

Findings

Inter-country static spillover connectedness among the EPU of the selected EMEs show that Korea-EPU is the main transmitter and recipient of spillover shocks among the EMEs across all frequency bands. The findings from this study also show evidence of spillover between EPU, GDP and SPX across the EMEs. The time-varying total spillover index analysis shows evidence of overall connectedness across the selected EMEs. Overall connectedness is highest in the short term. We document that global economic and financial events intensify the volatility of the total spillover across the selected EMEs.

Originality/value

This study extends the literature on studies conducted on EMEs as studies on EPU spillover has mainly focused on advanced economies. To address the limitation of previous empirical studies that were unable to address the amount and direction of spillover from a country to other countries, this study offers new insight on country-specific spillover amounts and causal patterns “to” and “from” the selected EMEs. The findings throw more light on the network connectedness across EMEs and hence aids investors to undertake precise investment decisions and intelligently plan their portfolio diversification strategies. We then introduce two new variables to the analysis and record evidence of high connectedness between EPU, gross domestic product and share price index in all the frequency bands.

Details

Journal of Financial Economic Policy, vol. 17 no. 1
Type: Research Article
ISSN: 1757-6385

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Article
Publication date: 15 January 2025

Yuan Li, Ling Chen, Mengfan Chen and Xuesheng Qian

The purpose of this study is to detail the design and development of a robust and practical perception system for autonomous material handling robots (AMHRs) operating within…

8

Abstract

Purpose

The purpose of this study is to detail the design and development of a robust and practical perception system for autonomous material handling robots (AMHRs) operating within industrial stockyards. This system aims to support simultaneous localization and mapping (SLAM) while generating large-scale spatial cognition, ensuring accurate, low-latency, and scalable operations in demanding industrial environments.

Design/methodology/approach

The proposed perception system integrates multimodal perception sensors, efficient algorithms and commercial hardware devices to o provide SLAM-based large-scale spatial cognition for distributed AMHRs. The system’s design emphasizes practicality, efficiency and readiness for real-world deployment, ensuring it meets the stringent requirements of accuracy, latency and scalability.

Findings

Experiments conducted in a real industrial stockyard environment demonstrate the practicality and robustness of the perception system. The system exhibits high performance in state estimation, stockpile modeling accuracy and motion spatial cognition, confirming its effectiveness for AMHR operations.

Practical implications

The developed system was practically used at Tianjin Port, demonstrating the potential for widespread industrial application, offering a scalable and efficient solution for AMHR operations. Its integration into diverse industrial settings can lead to significant improvements in material handling processes, contributing to enhanced productivity and operational efficiency.

Originality/value

This work presents an innovative perception system that combines advanced SLAM-based spatial cognition akin to that of the brain with practical deployment considerations. The system’s design and implementation address the specific challenges of AMHRs in industrial environments, providing a novel solution for enhancing the operational efficiency and adaptability of autonomous robots in stockyards and similar settings.

Details

Industrial Robot: the international journal of robotics research and application, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0143-991X

Keywords

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