The Impact of CEO Overconfidence on Profitability and Stock Return: A Firm’s Life Cycle Perspective

2020 ◽  
Author(s):  
Sebahattin Demirkan ◽  
Birendra K. Mishra ◽  
Tuba Toksoz
Keyword(s):  
Life Cycle ◽  
Stock Return ◽  
Life Cycle Perspective ◽  
Firm’S Life Cycle ◽  
The Impact

scholarly journals Life Cycle Assessment and Environmental Valuation of Biochar Production: Two Case Studies in Belgium

Energies ◽  
2019 ◽  
Vol 12 (11) ◽  
pp. 2166 ◽  
Author(s):  
Sara Rajabi Hamedani ◽  
Tom Kuppens ◽  
Robert Malina ◽  
Enrico Bocci ◽  
Andrea Colantoni ◽  
...  
Keyword(s):  
Life Cycle Assessment ◽  
Life Cycle ◽  
Environmental Impacts ◽  
Production Systems ◽  
Point Of View ◽  
Environmental Benefits ◽  
Pig Manure ◽  
Future Research ◽  
Life Cycle Perspective ◽  
The Impact

It is unclear whether the production of biochar is economically feasible. As a consequence, firms do not often invest in biochar production plants. However, biochar production and application might be desirable from a societal perspective as it might entail net environmental benefits. Hence, the aim of this work has been to assess and monetize the environmental impacts of biochar production systems so that the environmental aspects can be integrated with the economic and social ones later on to quantify the total return for society. Therefore, a life cycle analysis (LCA) has been performed for two potential biochar production systems in Belgium based on two different feedstocks: (i) willow and (ii) pig manure. First, the environmental impacts of the two biochar production systems are assessed from a life cycle perspective, assuming one ton of biochar as the functional unit. Therefore, LCA using SimaPro software has been performed both on the midpoint and endpoint level. Biochar production from willow achieves better results compared to biochar from pig manure for all environmental impact categories considered. In a second step, monetary valuation has been applied to the LCA results in order to weigh environmental benefits against environmental costs using the Ecotax, Ecovalue, and Stepwise approach. Consequently, sensitivity analysis investigates the impact of variation in NPK savings and byproducts of the biochar production process on monetized life cycle assessment results. As a result, it is suggested that biochar production from willow is preferred to biochar production from pig manure from an environmental point of view. In future research, those monetized environmental impacts will be integrated within existing techno-economic models that calculate the financial viability from an investor’s point of view, so that the total return for society can be quantified and the preferred biochar production system from a societal point of view can be identified.

An Empirical Study on the Improvement of R&D Competition Policy for the National R&D Programme

2017 ◽  
Vol 22 (3) ◽  
pp. 506-523 ◽  
Author(s):  
Byung Yong Hwang ◽  
Jee Hyun Suh ◽  
Dae Cheol Kim
Keyword(s):  
Life Cycle ◽  
Competition Policy ◽  
Current Mode ◽  
Multiple Sources ◽  
Staff Members ◽  
Management Evaluation ◽  
Government Sector ◽  
Life Cycle Perspective ◽  
The Government ◽  
The Impact

Despite the increase in government spending on R&D in South Korea (hereafter Korea), there have been limits in enhancing the impact and commercialisation of research outcomes. A new approach to the current mode of R&D is considered necessary to tackle this problem. In 2014, Korea implemented a new competition policy on national R&D by designating six R&D programmes from four different government departments as Competition-type R&D. The purpose of this study is to examine the actual conditions for adoption and to further promote early establishment and wide implementation of the new competition policy on national R&D, and identify the ways for improvement. In this study, we have approached the case with a life-cycle perspective of plan–management–evaluation of R&D. Multiple sources of data collection included documents, surveys and unstandardised interviews with the staff members in the government sector organisations and agencies responsible for the national R&D management. Based on the results of the analysis, we bring suggestions on three areas of improvement: (a) materialising suitable projects to enrol in the R&D competition programme; (b) suggesting competition models for each stage of R&D life cycle; and (c) establishing the institutional basis upon which the policy may be widely adopted. Finally, we discuss possible improvements and the limits of this study.

scholarly journals Linking Design and Operation Phase Energy Performance Analysis Through Regression-Based Approaches

2020 ◽  
Vol 8 ◽  
Author(s):  
Massimiliano Manfren ◽  
Benedetto Nastasi ◽  
Lamberto Tronchin
Keyword(s):  
Life Cycle ◽  
Data Analysis ◽  
Performance Analysis ◽  
Built Environment ◽  
Energy Performance ◽  
Building Stock ◽  
Ongoing Research ◽  
Life Cycle Perspective ◽  
The Impact ◽  
Whole Life Cycle

The reduction of energy usage and environmental impact of the built environment and construction industry is crucial for sustainability on a global scale. We are working towards an increased commitment towards resource efficiency in the built environment and to the growth of innovative businesses following circular economy principles. The conceptualization of change is a relevant part of energy and sustainability transitions research, which is aimed at enabling radical shifts compatible with societal functions. In this framework, building performance has to be considered in a whole life cycle perspective because buildings are long-term assets. In a life cycle perspective, both operational and embodied energy and carbon emissions have to be considered for appropriate comparability and decision-making. The application of sustainability assessments of products and practices in the built environment is itself a critical and debatable issue. For this reason, the way energy consumption data are measured, processed, and reported has to be progressively standardized in order to enable transparency and consistency of methods at multiple scales (from single buildings up to building stock) and levels of analysis (from individual components up to systems), ideally complementing ongoing research initiatives that use open science principles in energy research. In this paper, we analyse the topic of linking design and operation phase’s energy performance analysis through regression-based approaches in buildings, highlighting the hierarchical nature of building energy modelling data. The goal of this research is to review the current state of the art of in order to orient future efforts towards integrated data analysis workflows, from design to operation. In this sense, we show how data analysis techniques can be used to evaluate the impact of both technical and human factors. Finally, we indicate how approximated physical interpretation of regression models can help in developing data-driven models that could enhance the possibility of learning from feedback and reconstructing building stock data at multiple levels.

Life-Cycle Costs of Selected Uniformed Health Professions (Phase II: The Impact of Constraints and Policies on the Optimal-Mix-of-Accession Model)

2003 ◽  
Author(s):  
Shayne Brannman ◽  
Eric W. Christensen ◽  
Ronald H. Nickel ◽  
Cori Rattelman ◽  
Richard D. Miller
Keyword(s):  
Life Cycle ◽  
Phase Ii ◽  
Health Professions ◽  
Life Cycle Costs ◽  
Optimal Mix ◽  
The Impact

scholarly journals 2-Piece Cork Stoppers as Alternative for Valorization of Thin Cork Planks: Analysis by LCA Methodology

Foods ◽  
2021 ◽  
Vol 10 (4) ◽  
pp. 873
Author(s):  
Francisco Javier Flor-Montalvo ◽  
Agustín Sánchez-Toledo Ledesma ◽  
Eduardo Martínez Cámara ◽  
Emilio Jiménez-Macías ◽  
Jorge Luis García-Alcaraz ◽  
...  
Keyword(s):  
Life Cycle Assessment ◽  
Life Cycle ◽  
Raw Materials ◽  
Lca Methodology ◽  
Significant Difference ◽  
Different Dimensions ◽  
The Impact ◽  
Different Thickness ◽  
Cork Stoppers ◽  
Wine Bottle

Natural stoppers are a magnificent closure for the production of aging wines and unique wines, whose application is limited by the availability of raw materials and more specifically of cork sheets of different thickness and quality. The growing demand for quality wine bottle closures leads to the search for alternative stopper production. The two-piece stopper is an alternative since it uses non-usable plates in a conventional way for the production of quality caps. The present study has analyzed the impact of the manufacture of these two-piece stoppers using different methodologies and for different dimensions by developing an LCA (Life Cycle Assessment), concluding that the process phases of the plate, its boiling, and its stabilization, are the phases with the greatest impact. Likewise, it is detected that the impacts in all phases are relatively similar (for one kg of net cork produced), although the volumetric difference between these stoppers represents a significant difference in impacts for each unit produced.

scholarly journals Case study of a water bioengineering construction site in Austria. Ecological aspects and application of an environmental life cycle assessment model

2021 ◽  
Author(s):  
M. von der Thannen ◽  
S. Hoerbinger ◽  
C. Muellebner ◽  
H. Biber ◽  
H. P. Rauch
Keyword(s):  
Global Warming ◽  
Life Cycle Assessment ◽  
Life Cycle ◽  
Energy Demand ◽  
Assessment Model ◽  
Construction Site ◽  
Negative Effects ◽  
Environmental Life Cycle Assessment ◽  
The Impact ◽  
Soil And Water

AbstractRecently, applications of soil and water bioengineering constructions using living plants and supplementary materials have become increasingly popular. Besides technical effects, soil and water bioengineering has the advantage of additionally taking into consideration ecological values and the values of landscape aesthetics. When implementing soil and water bioengineering structures, suitable plants must be selected, and the structures must be given a dimension taking into account potential impact loads. A consideration of energy flows and the potential negative impact of construction in terms of energy and greenhouse gas balance has been neglected until now. The current study closes this gap of knowledge by introducing a method for detecting the possible negative effects of installing soil and water bioengineering measures. For this purpose, an environmental life cycle assessment model has been applied. The impact categories global warming potential and cumulative energy demand are used in this paper to describe the type of impacts which a bioengineering construction site causes. Additionally, the water bioengineering measure is contrasted with a conventional civil engineering structure. The results determine that the bioengineering alternative performs slightly better, in terms of energy demand and global warming potential, than the conventional measure. The most relevant factor is shown to be the impact of the running machines at the water bioengineering construction site. Finally, an integral ecological assessment model for applications of soil and water bioengineering structures should point out the potential negative effects caused during installation and, furthermore, integrate the assessment of potential positive effects due to the development of living plants in the use stage of the structures.

scholarly journals Life Cycle Assessment of an Innovative Hybrid Energy Storage System for Residential Buildings in Continental Climates

2021 ◽  
Vol 11 (9) ◽  
pp. 3820
Author(s):  
Noelia Llantoy ◽  
Gabriel Zsembinszki ◽  
Valeria Palomba ◽  
Andrea Frazzica ◽  
Mattia Dallapiccola ◽  
...  
Keyword(s):  
Life Cycle Assessment ◽  
Life Cycle ◽  
Residential Buildings ◽  
Storage System ◽  
Energy Storage System ◽  
Hot Water ◽  
Hybrid Energy ◽  
Hybrid Energy Storage ◽  
Innovative System ◽  
The Impact

With the aim of contributing to achieving the decarbonization of the energy sector, the environmental impact of an innovative system to produce heating and domestic hot water for heating demand-dominated climates is assessed is evaluated. The evaluation is conducted using the life cycle assessment (LCA) methodology and the ReCiPe and IPCC GWP indicators for the manufacturing and operation stages, and comparing the system to a reference one. Results show that the innovative system has a lower overall impact than the reference one. Moreover, a parametric study to evaluate the impact of the refrigerant is carried out, showing that the impact of the overall systems is not affected if the amount of refrigerant or the impact of refrigerant is increased.

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