Search results

Considering the standards developed by the Sustainability Accounting Standards Board (SASB), this study aims to examine whether the link between material sustainability and financial performance depends on the extent to which the company is oriented toward stakeholders.

To test the predictions, 13,942 firm-year observations from 43 different countries are used, covering the period from 2010 to 2019. Using a hand-mapping approach to match the indicators suggested by the SASB with those of the ASSET4, the authors realize that there are 170 material sustainability indicators among 466 indicators of the ASSET4. The authors use three different methods to verify if the materiality matters, including the alphas obtained from the Fama and French factor models, comparing the average abnormal returns of the portfolios and the bootstrapped Cramer technique.

The findings show that companies investing in material sustainability activities perform better than those investing in immaterial activities. Also, consistent with the theoretical foundations, the authors find that the effect of investing in material sustainability activities is more pronounced in stakeholder-oriented countries than that in shareholder-oriented countries. The results are robust to a battery of sensitivity tests.

Owing to COVID-19 in late 2019, data from 2020 to 2022 have not been used to obtain reliable results.

The results obtained in the current research provide valuable guidance for investors to make investments considering the degree of materiality of sustainability activities in different industries. It also helps managers to increase the company’s financial performance, make efficient decisions related to investment in sustainability activities and find investment strategies on the material sustainability issues in their industries.

This study provides a clearer understanding of investment in sustainability activities in different industries by separating material and immaterial sustainability activities in stakeholder and shareholder-oriented countries, and the results obtained can change the perspective of investors and company managers regarding investing in such activities in different countries. Investing in more materiality sustainability activities than the immateriality dimension can be new opportunities for companies to achieve predetermined goals, help retain and attract business partners or be a source of innovation for new product lines or services. Internal morale and employee engagement may increase while increasing productivity and firm performance. This discussion opens the way for future research.

This study provides insight into the effect of investing in material and immaterial sustainability activities in different industries on the company’s performance in shareholder and stakeholder-oriented countries.

As newer high performance polymers in mechanical properties become available for material extrusion-based additive manufacturing, determining infill parameter settings becomes more important to achieve both operational and mechanical performance of printed outputs. For the material extrusion of carbon fiber reinforced poly-ether-ether-ketone (CFR-PEEK), this study aims not only to identify the effects of infill parameters on both operational and mechanical performance but also to derive appropriate infill settings through a multicriteria decision-making process considering the conflicting effects.

A full-factorial experimental design to investigate the effects of two major infill parameters (i.e. infill pattern and density) on each performance measure (i.e. printing time, sample mass, energy consumption and maximum tensile load) is separately performed to derive the best infill settings for each measure. Focusing on energy consumption for operational performance and maximum tensile load for mechanical performance, the technique for order preference by similarity to ideal solution is further used to identify the most appropriate infill settings given relative preferences on the conflicting performance measures.

The results show that the honeycomb pattern type with 25% density is consistently identified as the best for the operational performance measures, while the triangular pattern with 100% density is the best for the mechanical performance measure. Moreover, it is suggested that certain ranges of preference weights on operational and mechanical performance can guide the best parameter settings for the overall material extrusion performance of CFR-PEEK.

The findings from this study can help practitioners selectively decide on infill parameters by considering both operational and mechanical aspects and their possible trade-offs.

The purpose of this paper is to examine the inventory performance effect of advanced material planning modes and analyse how internal and external contextual difficulties moderate this relationship. This study also identifies avenues for future research.

The empirical analysis uses a survey of material planning for purchased items in 292 Swedish manufacturing and wholesaling companies. Three dimensions of inventory performance are dependent variables: material planning performance, inventory turnover rate, and service level.

Advanced material planning modes are directly associated with material planning performance, but this study could not verify direct associations with inventory turnover rate and service-level performances. External and internal contextual difficulties have direct effects on all inventory performance dimensions and moderate the inventory performance effect of advanced material planning modes. The moderating effect is stronger in non-difficult contexts, for which advanced material planning has significant inventory performance effects. Demand- and human-related contextual dimensions are especially critical.

The study identifies the following guidelines for companies to consider in order to unlock the potential of advanced material planning: consider full implementation of advanced material planning in non-difficult contexts; minimise the plan variability effects of high parameter revision and planning frequencies; minimise the need for, and use of, manual modification of planned orders before release; reduce demand uncertainty and variability; and secure appropriate human skills and working time.

This study somewhat contradicts the literature on material planning by not finding a direct positive effect on any inventory performance dimension from analytical design of order quantities and safety stocks. The research adds to the literature by identifying direct and moderating effects of external and internal contextual difficulties on all three-inventory performance dimensions. The relative importance of managing automatic order release identified in the study motivates future research as the effect has not been previously highlighted in the literature. Accordingly, avenues for future research and an agenda for practice-oriented research are suggested.

Standardization of materials (i.e. replacement of several materials/components by a single component that has all the functionalities of the materials/components it replaces) is one important purchasing department decision. The primary objective of this study is to examine empirically the impact of standardization of materials and purchasing procedures (standardization in purchasing) on purchasing and business performance.

To address our research problem, a survey instrument was developed and a structural model was hypothesized and tested using structural equation modeling. Data were collected from a field research on a sample of 306 manufacturing companies in Spain.

The results of this research indicate that standardization in purchasing has a significant positive effect on both purchasing and business performance. Thus, standardizing materials and purchasing procedures is important and may help firms to meet their materials expenditure targets, and increase the quality of materials, on‐time delivery from suppliers, inventory performance, as well as business performance.

One of the limitations of the study is that the use of a single key informant could be seen as a potential limitation of the study. The study was a cross‐sectional and descriptive sample of the manufacturing industry at a given point in time. A more stringent test of the relationships between standardization in purchasing and performance requires a longitudinal study, or field experiment.

The empirically validated positive relation of standardization in purchasing to firms' performance, such as that documented in this study, can be very useful for the managers who take the initiative in standardization to promote and obtain the resources needed for the adoption of standardization of materials and purchasing procedures. Standardization in purchasing has, as this study shows, much to offer firms that wish to improve their performance.

Because there is a lack of empirical evidence about the impact of standardization of materials and purchasing procedures (standardization in purchasing) on purchasing and business performance, this paper filled an important gap in the purchasing literature.

Unconventional machining processes, particularly ultrasonic vibration cutting (UVC), can overcome such technical bottlenecks. However, the precise mechanism through which UVC affects the in-service functional performance of advanced aerospace materials remains obscure. This limits their industrial application and requires a deeper understanding.

The surface integrity and in-service functional performance of advanced aerospace materials are important guarantees for safety and stability in the aerospace industry. For advanced aerospace materials, which are difficult-to-machine, conventional machining processes cannot meet the requirements of high in-service functional performance owing to rapid tool wear, low processing efficiency and high cutting forces and temperatures in the cutting area during machining.

To address this literature gap, this study is focused on the quantitative evaluation of the in-service functional performance (fatigue performance, wear resistance and corrosion resistance) of advanced aerospace materials. First, the characteristics and usage background of advanced aerospace materials are elaborated in detail. Second, the improved effect of UVC on in-service functional performance is summarized. We have also explored the unique advantages of UVC during the processing of advanced aerospace materials. Finally, in response to some of the limitations of UVC, future development directions are proposed, including improvements in ultrasound systems, upgrades in ultrasound processing objects and theoretical breakthroughs in in-service functional performance.

This study provides insights into the optimization of machining processes to improve the in-service functional performance of advanced aviation materials, particularly the use of UVC and its unique process advantages.

The paper aims to investigate the comfort-related performances of an innovative solar shading solution based on a new composite patented material that consists of a cement-based matrix coupled with a stretchable three-dimensional textile. The paper’s aim is, through a performance-based generative design approach, to develop a high-performance static shading system able to guarantee adequate daylit spaces, a connection with the outdoors and a glare-free environment in the view of a holistic and occupant-centric daylight assessment.

The paper describes the design and simulation process of a complex static shading system for digital manufacturing purposes. Initially, the optical material properties were characterized to calibrate radiance-based simulations. The developed models were then implemented in a multi-objective genetic optimization algorithm to improve the shading geometries, and their performance was assessed and compared with traditional external louvres and overhangs.

The system developed demonstrates, for a reference office space located in Milan (Italy), the potential of increasing useful daylight illuminance by 35% with a reduced glare of up to 70%–80% while providing better uniformity and connection with the outdoors as a result of a topological optimization of the shape and position of the openings.

The paper presents the innovative nature of a new composite material that, coupled with the proposed performance-based optimization process, enables the fabrication of optimized shading/cladding surfaces with complex geometries whose formability does not require ad hoc formworks, making the process fast and economic.

The purpose of this paper is to highlight the regulatory barriers to achieving sustainable buildings in Kosovo. The present paper focuses on regulatory barriers viewed from the perspective of construction industry experts in achieving sustainable buildings.

The present study uses a qualitative research method and semi-structured interviews as a research instrument. The present study interviews around 20 experts in construction and property management, property development, spatial planning and energy management.

The study finds that Kosovo building laws and regulations provide for the materials assessment criteria, but the materials assessment criteria are only for mechanic strength. The study further finds that the sustainability concept is not included and incorporated in Kosovo's urban planning laws and regulations. The study also finds that despite specific clauses mentioning energy performance certificates in the Law on Energy Performance of Buildings in Kosovo, energy performance certificates appears to be not enforced and the nature of the barrier is more organizational rather than regulatory. Finally, the study finds that Kosovo laws are silent as far as green labeling of building materials is concerned.

The implication of the present finding is that policymakers in Kosovo not only should include clear sustainable materials assessment criteria in the law, but also enforce those criteria through testing and inspection mechanisms included in the law and implemented in practice through funding and organizational support. Nonetheless, policymakers in Kosovo should contemplate amending the urban planning laws in Kosovo and include both the term of sustainability at the planning level and conformity guidelines for sustainable design that can be done at the administrative directive level. Further, the clauses in the law do not suffice if the clauses are not accompanied by specific systemic and organizational support in the issuance of energy performance certificates. Policymakers in Kosovo should be proactive in designing clauses that specify green labeling standards for materials; however, these labeling standards should not adversely affect the cost of construction and reduce the demand for real estate.

The study is the first qualitative study about the perception of construction professionals in Kosovo, regarding the regulatory barriers of sustainable buildings in Kosovo.

Whole building life cycle assessment (WBLCA) is a key methodology to reduce the environmental impacts in the building sector. Research studies usually face challenges in presenting comprehensive LCA results due to the complexity of assessments at the building level. There is a dearth of methods for the systematic evaluation and optimization of the WBLCA performance at the design stage. The study aims to develop a design optimization framework based on the proposed WBLCA method to evaluate and improve the environmental performance at the building level.

The WBLCA development method is proposed with detailed processes based on the EN 15978 standard. The environmental product declaration (EPD) methods were adopted to ensure the WBLCA is comprehensive and reliable. Building information modeling (BIM) was used to ensure the building materials and assembly contributions are accurate and provide dynamic material updates for the design optimization framework. Furthermore, the interactive BIM-LCA calculation processes were demonstrated for measuring the environmental impacts of design upgrades. The TOPSIS-based LCA results normalization was selected to conduct the comparisons of various building design upgrades.

The case study conducted for a residential building showed that the material embodied impacts and the operational energy use impacts are the two critical factors that contribute 60–90% of the total environmental impacts and resource uses. Concrete and wood are the main material types accounting for an average of 65% of the material embodied impacts. The air and water heating for the house are the main energy factors, as these account for over 80% of the operational energy use. Based on the original WBLCA results, two scenarios were established to improve building performance through the design optimization framework.

The LCA results show that the two upgraded building designs create an average of 5% reduction compared with the original building design and improving the thermal performance of the house with more insulation materials does not always reduce the WBLCA results. The proposed WBLCA method can be used to compare the building-level environmental performances with the similar building types. The proposed framework can be used to support building designers to effectively improve the WBLCA performance.

The purpose of this study is to quantify the energy heating performance of apartment buildings in Kosovo built after 2003 and compare it against the energy heating performance of buildings in member states of EU and selected European countries.

This paper takes a case study approach focussed on the assessment of the heating energy performance of the building. This approach facilitated a detailed calculation of the selected materials’ energy performance used in a representative building structure in Kosovo comparing with passive buildings standard and energy heating performance of buildings in member states of EU and selected European countries.

Results of quantitative research find that the energy heating performance of apartment buildings in Kosovo built after 2003 is far higher than that of passive buildings standard and is better than the average annual energy heating performance of apartment buildings in member states of the EU and selected European countries.

The research provides new knowledge regarding energy heating performance in new residential buildings in Kosovo and compares the findings with earlier research and energy consumption in other selected European countries. The research provides great benefits for researchers and practitioners working in the field of energy management as it compares the energy performance of residential buildings across Europe.

This paper provides a perspective on investigating the energy performance of a building structure of a residential apartment building in Prishtina, Kosovo. By unveiling the level of energy consumption of a residential apartment building in Kosovo representative of the new construction period can help the facility managers to acknowledge the standards they must achieve to refurbish the old building stock to achieve at least the same standard as the buildings in the new construction period.

This study examines the evidence of the impact of climate change on the financial performance of basic materials companies in Vietnam.

The research sample includes eighty-two basic materials companies listed on the Vietnamese stock market from 2003 to 2022. This study used one-way and two-way fixed-effects feasible generalized least squares (FGLS) estimation methods.

Climate change, measured through variables including changes in temperature, average rainfall, greenhouse gas emissions and rising sea levels, has a negative impact on the financial performance of companies in this industry. The study also found that, with rising temperatures, the financial performance of steel manufacturing companies decreased less than that of coal mining and forestry companies, but increasing greenhouse gases and rising sea levels reduced the financial performance of steel companies. We did not find evidence of any difference in the impact of climate change on the financial performance of basic materials companies before and after the UN Climate Change Conference (COP 21). This is a new finding, which is consistent with empirical studies in Vietnam and different from previous studies in that it provides new evidence on the impact of climate change on the financial performance of basic materials companies in the Vietnamese market and cross-checks the impact of climate change by sector and over time.

To the best of our knowledge, this is one of the first articles on climate change and the financial performance of basic materials companies.