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21 – 30 of over 1000Alesia Gerassimenko, Laurens Defau and Lieven De Moor
The current literature on energy certificates shows that Energy Performance Certificate labels have an important effect on real estate prices. However, interestingly, the limited…
Abstract
Purpose
The current literature on energy certificates shows that Energy Performance Certificate labels have an important effect on real estate prices. However, interestingly, the limited studies that address the rental market find significantly lower price premiums than the sales market. The purpose of this paper is to add to this literature, by doing a comparative analysis of price premiums in the sales and rental market in Flanders (Belgium).
Design/methodology/approach
This study uses a hedonic regression model to analyze 177,670 real estate listings between 2016 and 2021. The data is provided by Immoweb – the largest online real estate platform in Belgium. The data set was divided in sold and rented properties: the authors evaluated 126,217 sales listings and 51,453 rent listings.
Findings
The results confirm that energy efficient properties generate a price premium, but that this premium is significantly larger in the sales market than in the rental market. In addition, the findings indicate that both investors and landlords could benefit strongly from renovating dwellings – especially when renovating from an F label to an A label.
Originality/value
Previous research focuses strongly on the sales market, although in many countries the rental market is similar in size and responsible from much energy consumption. Interestingly, the few studies that are addressing the rental market, find singificantly smaller price premiums than in the sales market. The findings add to this literature tradition and offer a comparative analysis of price premiums in the sales and rental market in Flanders. This allows us to not only show the similarities between both markets but also highlight the differences – creating valuable insights for academia, governments and real estate professionals.
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Although EU directives were issued quite some time ago, implementation progresses slowly and at an unequal pace in Union member states. Certification of assessors, auditors and…
Abstract
Although EU directives were issued quite some time ago, implementation progresses slowly and at an unequal pace in Union member states. Certification of assessors, auditors and verifiers differs widely and is sometimes inordinately complicated; in some instances accountants have stepped into the “vacuum”, in others “certification” documents are issued by private organizations. Uniformity is far from being the rule. This paper takes Belgium as a case study. In opposition to what has developed in the USA where federal authority can be completed, even toughened by US regulations, but remained national (viz. federal), in our example responsibility has nearly entirely been devolved to the next (regional) level of authority. A survey was conducted of EMAS implementation in 11 European States: its results are disclosed and commented on.
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Veerle De Bosscher, Paul De Knop and Maarten van Bottenburg
Wim Lambrechts, Elli Verhulst and Sara Rymenams
This paper aims to provide insights into the relation between professional development (PD) and organisational change processes towards sustainability, with a specific focus on…
Abstract
Purpose
This paper aims to provide insights into the relation between professional development (PD) and organisational change processes towards sustainability, with a specific focus on empowerment.
Design/methodology/approach
The paper builds upon a constructivist approach, combining a literature review, a desk research on key publications and reports and a socio-political analysis to reveal the specific context in Flanders, Belgium. Findings are then connected to earlier insights from research on organisational change for sustainability.
Findings
The paper provides a number of PD initiatives that focus on sustainability in general and in a single higher education (HE) institution. Framing such initiatives as an organisational change process offers insights on how elements of empowerment are currently incorporated in PD initiatives and how it can strengthen them to lead to the further integration of sustainability competences in HE.
Research limitations/implications
Limitations are linked with the kind of sources used in the constructivist approach. The analysis only looks at written reports on the topic, albeit it also builds upon the first-hand experiences of educators in the HE institution focused upon in the case.
Practical implications
There is a need to frame PD initiatives as an organisational change process towards sustainability with specific attention towards empowerment. Without this framing, PD approaches comprise the risk of being left in the margins or being understood as single initiatives without any connection to the bigger picture, i.e. the transition towards sustainability in HE.
Social implications
Interlinking PD and organisational change provides opportunities to frame the sustainability transition within the university in a wider societal context.
Originality/value
The paper provides an original contribution to the debate on sustainability competences, as it frames the PD within an organisational context, rather than focusing on the individual role of educators.
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Political situation in Belgium.
The party’s core goals are to achieve independence for Flanders and implement significant restrictions regarding asylum and migration policy. Belgium’s mainstream parties have…
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DOI: 10.1108/OXAN-DB284953
ISSN: 2633-304X
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Alesia Gerassimenko, Lieven De Moor and Laurens Defau
The current literature has not investigated the perceived value of energy efficiency by households, regardless of financial benefits. Furthermore, there is a severe lack of…
Abstract
Purpose
The current literature has not investigated the perceived value of energy efficiency by households, regardless of financial benefits. Furthermore, there is a severe lack of research that investigates the effectiveness of the current format of EPC-labels. Therefore, the purpose of this paper is twofold: to study how households value energy efficiency in the housing market, regardless of price effects.
Design/methodology/approach
This study uses multiple hedonic regression models to analyse 706,778 Flemish properties for sale or rent between 2019 and 2023. The data is provided by Immoweb – the largest online real estate platform in Belgium. Given that the selling market is driven by different mechanisms than the rental market, the data set was divided in sold (522,164 listings) and rented properties (184,614 listings).
Findings
The ambiguous results of the A-label in the selling market indicate that the “class evaluation effect” found in related markets which use labels (e.g. household appliances) is also present in the housing market. However, the results of the other (lower) labels clearly show that owners do value energy improvements within labels, and this effect becomes stronger as the EPC-label becomes better. The rental market shows the opposite results. Energy improvements are only valued if they translate into a financial benefit. Taking these findings into account, the second part of this research shows that rescaling the EPC-label creates an incentive for improvements within labels.
Originality/value
This paper provides novel insights by studying the perceived value of energy efficiency in the absence of financial benefits and critically studying the effectiveness of the EPC-labels in their current shape. By investigating both the sales and rental market, the authors are able to make a comparison which creates valuable insights for academia, governments and real estate professionals.
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The primary objective of this paper is to understand the extent to which Australian industrial relations academics took up the different heuristic frameworks from USA and U.K…
Abstract
The primary objective of this paper is to understand the extent to which Australian industrial relations academics took up the different heuristic frameworks from USA and U.K. from the 1960s to the 1980s. A second objective is to begin to understand why, and in what ways ideas are transmitted in academic disciplines drawing on a “market model” for ideas. It is shown that in the years between 1960s and 1980s a modified U.S. (Dunlopian) model of interpreting industrial relations became more influential in Australia than that of U.K. scholarship, as exemplified by the British Oxford School. In part this reflects the breadth, flexibility and absence of an overt normative tenor in Dunlop’s model which thus offered lower transaction costs for scholars in an emergent discipline seeking recognition and approval from academia, practitioners and policy-makers. Despite frequent and wide-ranging criticism of Dunlop’s model, it proved a far more enduring transfer to Australian academic industrial relations than the British model, albeit in a distorted form. The market model for the diffusion of ideas illuminates the ways in which a variety of local contextual factors influenced the choices taken by Australian industrial relations academics.
The Flemish Children’s Rights Commissioner of Belgium is among the first independent children’s rights institutions (ICRIs) to be established. The author shares her experiences as…
Abstract
The Flemish Children’s Rights Commissioner of Belgium is among the first independent children’s rights institutions (ICRIs) to be established. The author shares her experiences as the first Flemish ICRI. A student of Professor Eugeen Verhellen, who called for children’s rights and establishment of a children’s ombudsperson for Flanders, the author not only was in the right place at the right time for her academic studies, but also transformed Verhellen’s teachings into the Flemish ICRI as well as into the foundation of the European Network of Ombudsperson for Children. Over the 11 years the author served as the ombudsperson, the Flemish ICRI raised awareness of and bolstered children’s rights, as well as observed retrenchment in children’s rights and the role of the ICRI. It is clear that the Flemish ICRI’s successes not only continue to benefit Belgian young people, but children across the world.
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