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Open Access
Article
Publication date: 1 February 2022

Ratri Wahyuningtyas, Ganjar Disastra and Risris Rismayani

Economic Society 5.0 is the answer to the challenges of the Industrial Revolution 4.0 through the creation of new value from the development of advanced technology that aims to…

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Abstract

Purpose

Economic Society 5.0 is the answer to the challenges of the Industrial Revolution 4.0 through the creation of new value from the development of advanced technology that aims to reduce the gap between human and economic problems. Excellent human resources and adequate digital infrastructure are requirements in an Economic Society 5.0. Cooperatives as community economic organizations are players in the Industrial Revolution 4.0. Because of low competitiveness, cooperatives cannot create new and sustainable income streams, particularly digitalization capabilities. This study aims to encourage the competitiveness of cooperatives in the West Java region, Indonesia, in an Economic Society 5.0 by identifying the correlation between digital capabilities, digital orientation, employee resistance, government support, digital innovation and competitiveness.

Design/methodology/approach

This study uses a quantitative method through surveys as data collection techniques by distributing questionnaires to 386 leaders of cooperatives in West Java. Hypothesis testing uses analysis technique of structural equation modeling with partial least squares tool.

Findings

There are five hypotheses that are supported in the proposed model in this study. Digital orientation and government support have a positif and significant effect on digital innovation, in contrary; digital capability and employee resistance do not show any effect. Digital orientation, government support and digital capability also have a positive and significant effect on competitiveness. Meanwhile, employee resistance and digital innovation have no significant effect on competitiveness. Digital innovation was also found not to mediate the relationship between digital orientation, government support, digital capability and employee resistance with competitiveness.

Originality/value

This study provides new insights into the study of cooperatives as community’s economic institutions. This study adds empirical evidence of the factors that influence the competitiveness of cooperative institutions in Indonesia as a driver of the community’s economy. This study also provides practical implications for the development of cooperative competitiveness in developing countries, particularly in Indonesia.

Details

Journal of Enterprising Communities: People and Places in the Global Economy, vol. 17 no. 3
Type: Research Article
ISSN: 1750-6204

Keywords

Open Access
Article
Publication date: 20 December 2022

Nathaniel Ayinde Olatunde, Angel M. Gento, Victor N. Okorie, Olumide W. Oyewo, Modupe Cecilia Mewomo and Imoleayo Abraham Awodele

Construction 4.0 technology is a novel innovative technology that has been proved to enhance project performance. However, information on the concept's awareness, adoption…

2443

Abstract

Purpose

Construction 4.0 technology is a novel innovative technology that has been proved to enhance project performance. However, information on the concept's awareness, adoption readiness and challenges in developing economies is still scanty. The purpose of the study is to appraise awareness, adoption readiness and challenges of Construction 4.0 technologies in Nigeria to bring to the fore the state of art of these innovative technologies in the study area.

Design/methodology/approach

The study used a convenient sampling technique to select 129 construction professionals (architects, engineers and quantity surveyors) in Osun State, Nigeria, who provided data for the study through a closed-ended structure questionnaire survey. The quantitative data supplied were analysed using frequency, percentile, Cronbach's alpha, mean score (MS) analysis and analysis of variance (ANOVA).

Findings

The overall awareness level of construction professionals in the study area about Construction 4.0 technologies is at a moderate level (MS = 3.03). The analysis of each component of the Construction 4.0 technologies shows that BIM (MS = 3.69) has the highest level of awareness, while augmented reality (MS = 2.51) has the least awareness level. More results show a significant difference in the opinion of the respondents, a significant difference in the respondents on 36% of the components of Construction 4.0 technologies. The adoption readiness of the Nigerian construction industry (NCI) to Construction 4.0 technologies is at an initial level (MS = 2.86). However, the 3D printing (MS = 3.36) and augmented reality (MS = 2.49) have the highest and lowest adoption readiness ratings, respectively. There is no significant difference in how respondents ranked the NCI adoption readiness on 73% of the components of Construction 4.0 technologies. The main challenges of Construction 4.0 technologies in the study area are lack of standardisation (MS = 4.02), lack of investment in research and development and cost of implementation (MS = 3.87) each. The result shows that there is perfect unanimity in the way respondents ranked the challenges of Construction 4.0.

Practical implications

The study provided information on the status quo of Construction 4.0 technologies in the NCI to enhance improvement in practice and the attendant project delivery.

Originality/value

The study attempted to bring to the fore the state of the art on awareness, adoption readiness and challenges of Construction 4.0 technologies in Nigeria. The study's information will be valuable to improve project delivery.

Details

Frontiers in Engineering and Built Environment, vol. 3 no. 2
Type: Research Article
ISSN: 2634-2499

Keywords

Open Access
Article
Publication date: 11 August 2022

Li Ji, Yiwei Zhang, Ruifeng Shi, Limin Jia and Xin Zhang

Green energy as a transportation supply trend is irreversible. In this paper, a highway energy supply system (HESS) evolution model is proposed to provide highway transportation…

Abstract

Purpose

Green energy as a transportation supply trend is irreversible. In this paper, a highway energy supply system (HESS) evolution model is proposed to provide highway transportation vehicles and service facilities with a clean electricity supply and form a new model of a source-grid-load-storage-charge synergistic highway-PV-WT integrated system (HPWIS). This paper aims to improve the flexibility index of highways and increase CO2 emission reduction of highways.

Design/methodology/approach

To maximize the integration potential, a new energy-generation, storage and information-integration station is established with a dynamic master–slave game model. The flexibility index is defined to evaluate the system ability to manage random fluctuations in power generation and load levels. Moreover, CO2 emission reduction is also quantified. Finally, the Lianhuo Expressway is taken as an example to calculate emission reduction and flexibility.

Findings

The results show that through the application of the scheduling strategy to the HPWIS, the flexibility index of the Lianhuo Expressway increased by 29.17%, promoting a corresponding decrease in CO2 emissions.

Originality/value

This paper proposed a new model to capture the evolution of the HESS, which provides highway transportation vehicles and service facilities with a clean electricity supply and achieves energy transfer aided by an energy storage system, thus forming a new model of a transportation energy system with source-grid-load-storage-charge synergy. An evaluation method is proposed to improve the air quality index through the coordination of new energy generation and environmental conditions, and dynamic configuration and dispatch are achieved with the master–slave game model.

Open Access
Article
Publication date: 23 January 2023

Hanan Mahmoud Sayed Agbo

This study focuses on forecasting the price of the most important export crops of vegetables and fruits in Egypt from 2016 to 2030.

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Abstract

Purpose

This study focuses on forecasting the price of the most important export crops of vegetables and fruits in Egypt from 2016 to 2030.

Design/methodology/approach

The study applied generalized autoregressive conditional heteroskedasticity (GARCH) model and autoregressive integrated moving average (ARIMA) model.

Findings

The results show that ARIMA (1,1,1), ARIMA (2.1,2), ARIMA (1,1,0), ARIMA (1,1,2), ARIMA (0,1,0) and ARIMA (1,1,1) are the most appropriate fitted models to evaluate the volatility of price of green beans, tomatoes, onions, oranges, grapes and strawberries, respectively. The results also revealed the presence of ARCH effect only in the case of Potatoes, hence it is suggested that the GARCH approach be used instead. The GARCH (1,1) is found to be a better model in forecasting price of potatoes.

Originality/value

The study of food price volatility in developing countries is essential, since a significant share of household budgets is spent on food in these economies, so forecasting agricultural prices is a substantial requirement for drawing up many economic plans in the fields of agricultural production, consumption, marketing and trade.

Details

Review of Economics and Political Science, vol. 8 no. 2
Type: Research Article
ISSN: 2356-9980

Keywords

Open Access
Article
Publication date: 13 June 2023

Sampson Asiamah, Kingsely Opoku Appiah and Ebenezer Agyemang Badu

The purpose of this paper is to examine whether board characteristics moderate the relationship between capital adequacy regulation and bank risk-taking of universal banks in…

Abstract

Purpose

The purpose of this paper is to examine whether board characteristics moderate the relationship between capital adequacy regulation and bank risk-taking of universal banks in Sub-Saharan Africa (SSA).

Design/methodology/approach

The paper uses 700 bank-year observations of universal banks in SSA between 2009 and 2019. The paper further uses the two-step generalized method of moments as the baseline estimator.

Findings

The paper finds that capital adequacy regulation is positively related to overall bank and liquidity risks. Nonetheless, capital adequacy regulation increases credit risk in the sampled banks. The paper further reports that board characteristics individually and significantly moderate the relationship between capital adequacy regulation and risk-taking.

Practical implications

The findings have implications for regulators of universal banks that board characteristics matter for capital adequacy regulation to impact risk-taking behavior.

Originality/value

The paper extends the existing literature on the effect of board characteristics on the capital adequacy regulations and risk-taking behavior nexus of universal banks.

Details

Asian Journal of Economics and Banking, vol. 8 no. 1
Type: Research Article
ISSN: 2615-9821

Keywords

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