Search results for "Finance"

Reviewing the role of ecosystems services in the sustainability of the urban environment: A multi-country analysis

2020

The urban environment is characterised by many pressures caused by population growth, transport (and its related emissions), and the damage to green areas. Yet, there is a variety of ecosystem services available in urban areas, which may be deployed to ameliorate the current problems and foster their sustainability. This paper reviews the role of ecosystem services as tools for sustainability, based on an urban setting. It also describes a series of multi-country case studies, where an assessment of their functions using a set of benefits valuation approaches such as health benefits, economic benefits, social benefits and benefits to climate resilience, are provided, along with an appraisal…

Soft Innovation Resources: Enabler for reversal in GDP Growth in the Digital Economy

2018

While Finland and Singapore have been maintaining world digital leaders position, they demonstrate interlaced contrast: high welfare with low GDP growth in Finland and higher GDP growth with lower welfare in Singapore. This provokes an uncaptured GDP postulate that Finnish wellbeing has developed more than one might conclude by GDP. However, a recent reversal in the GDP growth trend suggests the possibility that uncaptured GDP contributes to remove structural impediments in GDP growth.This paper demonstrates this hypothesis. An empirical analysis elucidating the inside the national accountings and institutional systems revealed that soft innovation resources have substituted for service cap…

District heating networks: enhancement of the efficiency

2019

International audience; During the decades the district heating's (DH) advantages (more cost-efficient heat generation and reduced air pollution) overcompensated the additional costs of transmission and distribution of the centrally produced thermal energy to consumers. Rapid increase in the efficiency of low-power heaters, development of separated low heat density areas in cities reduce the competitiveness of the large centralized DH systems in comparison with the distributed cluster-size networks and even local heating. Reduction of transmission costs, enhancement of the network efficiency by optimization of the design of the DH networks become a critical issue. The methodology for determ…

Harsanyi Power Solutions for Cooperative Games on Voting Structures

2019

International audience; This paper deals with Harsanyi power solutions for cooperative games in which partial cooperation is based on specific union stable systems given by the winning coalitions derived from a voting game. This framework allows for analyzing new and real situations in which there exists a feedback between the economic influence of each coalition of agents and its political power. We provide an axiomatic characterization of the Harsanyi power solutions on the subclass of union stable systems arisen from the winning coalitions from a voting game when the influence is determined by a power index. In particular, we establish comparable axiomatizations, in this context, when co…

Impact of accounting process characteristics on accounting outsourcing - Comparison of users and non-users of cloud-based accounting information syst…

2019

Article In Press The article of record as published may be found at https://doi.org/10.1016/j.accinf.2019.06.002 Prior literature informs us that a company's decision to outsource a business process depends on process characteristics such as how frequently the process is performed or how specific the assets required by the process are. In this article, we compare the effects of accounting process characteristics on outsourcing decisions across users of traditional and cloud-based accounting information systems (AIS). By focusing on outsourcing of accounting processes among small and medium sized enterprises, we investigate the effect of five business process characteristics (frequency, huma…

Towards Shipping 4.0. A preliminary gap analysis

2020

Abstract The paradigm of Industry 4.0 involves a substantial innovation to the value creation approach thought the supply chain and the application of digital enabling technologies like the Internet of Things (IoT), Big Data Analytics (BDA) and cloud computing. The fourth industrial revolution is thus expected to have a disruptive impact on maritime transport and shipping sectors, where smart ships and autonomous vessels well be part of a new and fully interconnected maritime ecosystem. Specific hardware components, such as sensors, actuators, or processors will be embedded in the ship’s key systems in order to provide valuable information to increase the efficiency, sustainability and safe…

Grading investment diversification options in presence of non-historical financial information

2021

Modern portfolio theory deals with the problem of selecting a portfolio of financial assets such that the expected return is maximized for a given level of risk. The forecast of the expected individual assets’ returns and risk is usually based on their historical returns. In this work, we consider a situation in which the investor has non-historical additional information that is used for the forecast of the expected returns. This implies that there is no obvious statistical risk measure any more, and it poses the problem of selecting an adequate set of diversification constraints to mitigate the risk of the selected portfolio without losing the value of the non-statistical information owne…

The organization of the defense support system: an economic geography perspective

2017

In the context of restricted budgetary resources and the growing cost of maintenance, repair, and overhaul (MRO) activities, a major issue for modern armed forces is to sustain defense platforms. A possible method consists of realizing economies of scale through the concentration of maintenance activities, which involves the spatial reorganization of existing industrial sites dedicated to MRO. This article provides a formalized framework to discuss the optimal organization for the MRO of defense platforms in space. The public planner organizes the maintenance of defense platforms with only two possible spatial configurations. In the dispersed configuration, two industrial production units i…

The maturity of integrated care systems: lessons learned in using the SCIROCCO tool across Europe

2018

Stature and long-term labor market outcomes: Evidence using Mendelian randomization.

2017

We use the Young Finns Study (N = ∼2000) on the measured height linked to register-based long-term labor market outcomes. The data contain six age cohorts (ages 3, 6, 9, 12, 15 and 18, in 1980) with the average age of 31.7, in 2001, and with the female share of 54.7. We find that taller people earn higher earnings according to the ordinary least squares (OLS) estimation. The OLS models show that 10 cm of extra height is associated with 13% higher earnings. We use Mendelian randomization, with the genetic score as an instrumental variable (IV) for height to account for potential confounders that are related to socioeconomic background, early life conditions and parental investments, which ar…