The intellectual capital efficiency and corporate sustainable growth nexus: comparison from agriculture, tourism and renewable energy sector

INNOVATIVE CLUSTERS IN RENEWABLE ENERGY: PROBLEMS OF FORMATION AND PROSPECTS FOR DEVELOPMENT

State and regions. Series: Economics and Business ◽

10.32840/1814-1161/2021-3-15 ◽

2021 ◽

Author(s):

Mykhailo Suvorov

Keyword(s):

Renewable Energy ◽

Electric Power ◽

Global Financial Crisis ◽

Electric Power Industry ◽

Power Industry ◽

Energy Sector ◽

Sustainable Growth ◽

Necessary Condition ◽

Domestic Economy ◽

Innovative Development

The article offers prospects for the development of clusters in the electric power industry. The goals, objectives and principles of the cluster development strategy in the energy sector are formulated. The strategy is based on the organizational and economic mechanism for regulating the development of the energy sector. The transition of the electric power industry to an innovative development path is the most important problem, the successful solution of which will largely determine the prospects for improving the competitiveness of the domestic economy. However, over the past few years, innovation in the energy sector has been characterized by insufficient activity. In the context of the global financial crisis, this situation becomes a factor that hinders the overcoming of negative trends in the development of the domestic economy and complicates its subsequent transition to a path of sustainable growth. The electric power industry is currently undergoing significant changes. The changes are due to scientific and technological progress, the process of European integration of the energy sector, regional and sectoral internal factors, and so on. Today, the formation of cluster structures in the electric power industry of Ukraine is a necessary condition for the revival of domestic production, increasing the efficiency of innovative development, achieving a high level of economic growth, energy efficiency, energy security and energy independence. Informatization on the specifics of the development of the country's regions contributes to the actualization of the role of clusters, which will create competitive advantages. Along with this, problems related to the development and implementation of the cluster approach regarding the integration transformations of the energy industry in order to ensure sustainable development of the region are insufficiently studied. There is no single method for determining potential clusters, a system of criteria and indicators for the development of energy-saving systems clusters that would allow you to make management decisions on their creation, increase the number of employees efficiency of their functioning and improve strategic management models regional development of renewable energy.

Download Full-text

The Impact of Intellectual Capital Efficiency on Corporate Sustainable Growth-Evidence from Smart Agriculture in China

Agriculture ◽

10.3390/agriculture10060199 ◽

2020 ◽

Vol 10 (6) ◽

pp. 199 ◽

Cited By ~ 6

Author(s):

Xin Long Xu ◽

Hsing Hung Chen ◽

Rong Rong Zhang

Keyword(s):

Human Capital ◽

Intellectual Capital ◽

Value Added ◽

Sustainable Growth ◽

High Tech ◽

Significant Positive Effect ◽

Management Tools ◽

Capital Efficiency ◽

The Impact ◽

Positive Effect

In this paper, we expand the value-added intellectual coefficient (VAIC) model by constructing a comprehensive financial capital (FC) component. Human capital efficiency is subdivided into executive (EHCE) and nonexecutive human capital efficiency (NHCE). We have sampled listed agriculture companies (LAC) in China’s Shanghai and Shenzhen A-share markets from 2009 to 2018 and categorized them as high-tech (HTAC) and non-high-tech agriculture companies (NHTAC). We find that capital employed efficiency (CEE) and EHCE have a significant positive effect on corporate sustainable growth (CSG) of HTAC but no significant effect on CSG of NHTAC, while FC has a significant positive effect on both. These results suggest that companies, especially HTAC, should invest in human capital, and their executives and policymakers should develop effective knowledge management tools and begin accumulating the necessary intellectual capital to allow adaptation to their changing environment. In the spirit of the intellectual agriculture concept, we present some new ways to study the performance of agricultural companies using intellectual capital and offer suggestions that can help to modernize the industry.

Download Full-text

Da li je pravo vreme za izgradnju velike solarne elektrane u Srbiji?

Energija, Ekonomija, Ekologija ◽

10.46793/eee21-2.01r ◽

2021 ◽

Vol 23 (2) ◽

pp. 1-10

Author(s):

Nikola Rajaković ◽

Keyword(s):

Renewable Energy ◽

Renewable Energy Sources ◽

Energy Transition ◽

Energy Sector ◽

Sustainable Growth ◽

Biomass Energy ◽

Energy Sources ◽

New Production ◽

International Climate Agreements ◽

Production Capacities

According to almost all estimates, significant investments in new renewable energy sources in Serbia are needed. Serbia has economically viable potentials of renewable energy sources (RES) (solar energy, wind energy, hydropower, biomass energy, geothermal energy, etc.), so the structure of the production mix in the electricity system should increasingly be based on renewable sources. In this paper, an attempt is made to answer the following questions: does Serbia need new production capacities, does Serbia need new production capacities from RES, and finally, which of the RES would be the most suitable at the moment? The paper assesses whether this is exactly the right moment to accelerate the process of energy transition in Serbia, as well as the opportunity to ensure a more sustainable growth and development through a faster transition to RES. It starts from the fact that increasing the production of electricity from RES, together with measures to increase energy efficiency and decarbonize energy production and consumption, is the backbone of the energy transition and at the same time the essence of Serbia's commitments by joining the Energy Community and accepting international climate agreements. The paper assumes that by increasing the efficiency of the energy sector and use of RES, European policy goals can be achieved in Serbia and that energy sector can be positioned as an engine of stability and sustainable economic development. Secondary effects will lead to increased sustainable employment, reduced public debt and increased competitiveness of the sector. Therefore, the energy transition should be seen as a development opportunity. The construction of large RES plants, especially large solar power plants in Serbia and joining the EU Green Deal, is certainly a signal that Serbia is well on its way to developing a modern, environmentally friendly, competitive and regionally integrated energy system. This will trigger the necessary investments in the modernization of the energy sector and enable the attraction of foreign direct investments. Achieving this vision requires decisive political action at the national and regional levels. Solar projects have the lowest levelized costs of produced kWh of electricity, they are the fastest to implement and they have the least environmental and social impact. Also, large installed capacity can be achieved through a series of large and medium-sized projects that would be territorially distributed in order to reduce the simultaneity of production.

Download Full-text

The Current and Future States of Ethiopia’s Energy Sector and Potential for Green Energy: A Comprehensive Study

International Journal of Engineering Research in Africa ◽

10.4028/www.scientific.net/jera.33.115 ◽

2017 ◽

Vol 33 ◽

pp. 115-139 ◽

Cited By ~ 23

Author(s):

Baseem Khan ◽

Pawan Singh

Keyword(s):

Renewable Energy ◽

Rural Areas ◽

Energy Sector ◽

Green Energy ◽

Sustainable Growth ◽

Policy Framework ◽

Support Pressure ◽

Energy Access ◽

Energy Potential ◽

Sub Saharan

Sub-Saharan nations are facing a lot of challenges for the planning of their future energy sector. Particularly, the rural areas of Sub-Saharan nations bear scarcity of energy access as there is a lack of grid facilities, less financial and technical support, pressure from foreign institutions, excess of energy export etc. Although Ethiopia is growing as a leader of energy sector in Sub-Saharan region, it is also facing numerous problems similar to other African nations. In this paper, authors have conducted a detailed study of Ethiopian power sector. This study includes the complete background and overview of current energy sector in Ethiopia. The key factors which affect the development of energy sector such as international energy export, policy framework, role of government and regulatory framework are also discussed. It is observed that there is a huge renewable energy potential in Ethiopia which is under utilized, and can be used as a major resource for rural energy access. The authors recommend that a new policy framework and subsidies for renewable energy generation, motivational awareness, technical training, improvement in organizational efficiency and managerial skills, arrangement of financial instruments for new projects and easy ICTs based mobile banking programme should be initiated as well as improved to achieve sustainable growth, and 100% energy access by increasing renewable energy production.

Download Full-text

Intellectual capital and its impact on business performance: An empirical study of Portuguese hospitality and tourism sector

Intangible Capital ◽

10.3926/ic.1550 ◽

2020 ◽

Vol 16 (2) ◽

pp. 78

Author(s):

Vânia Costa ◽

Lurdes Silva ◽

Loureiro Paula

Keyword(s):

Human Capital ◽

Intellectual Capital ◽

Business Performance ◽

Sustainable Growth ◽

Efficiency Coefficient ◽

Structural Capital ◽

Tourism Sector ◽

Capital Efficiency ◽

Hospitality And Tourism ◽

The Relationship

Purpose: The propose of this study is to determine the influence of Intellectual Capital (IC) and its components’ impact on Portuguese tourism organizations’ business performance through Return on the assets (ROA). This work evaluate and compare the intellectual capital in its four dimensions: (i) capital employed; (ii) human capital; (iii) structural capital and (iv) relational capital. Design/methodology/approach: To approach the aim of the study the method Value Added Intellectual Coefficient (VAICTM) was applied and the practical data were collected from the Simplified Business Information (IES) through SABI (Iberian Balance Sheet Analysis System) database. The economic and financial information was collected from balance sheets and financial reports of 46.951 Portuguese companies in the hospitality and tourism sector during 2016. Multiple regression analysis was employed to identify the effect of IC components’ that significantly contribute to the company performance.Findings: The paper reveals that VAICTM, human capital efficiency coefficient (HCE), capital employed efficiency coefficient (CEE).and ROA are positively related among Portuguese’s hospitality and tourism sector. However, the structural capital efficiency coefficient (SCE) presents a negative association with profitability and the results of the relationship between the variable relational efficiency coefficient (RCE) and ROA do not present statistical significance.Practical implications: The application of the VAICTM model presented in this paper provides a basis for practical application for management.Originality/value: The paper represents a pioneering attempt to understand the relationship of intellectual capital and ﬁrm’s proﬁtability on Portuguese hospitality and tourism sector’s, to provide solid recommendations for the importance of intellectual capital in the sustainable growth of organizations in this sector.

Download Full-text