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Purpose – The purpose of this chapter is to assess the role of the wealth-to-income ratio in forecasting housing risk premium.

Methodology/approach – To investigate this issue, the chapter uses the residuals of the trend relationship among asset wealth and labor income to predict future real housing returns. It shows that deviations of asset wealth from its cointegrating relationship with labor income, wy, track time-variation in expected housing returns.

Findings – Using data for a set of industrialized countries, this chapter finds that if agents are hit by a shock that generates a fall in the wealth-to-income ratio, they will demand (i) a higher housing risk premium when housing assets are complements of financial assets and (ii) a lower housing risk premium when housing assets are substitutes of financial assets.

Originality/value of chapter – The findings of this chapter are novel in the field of alternative finance and, in particular, durable (housing) finance. Indeed, they build on a representative agent's theoretical model to infer about the degree of substitution or complementarity between financial and housing assets, which, in turn, can be useful at developing investment strategies for hedging against the risk of unfavorable housing fluctuations. Additionally, they open a new research avenue for understanding the determinants of housing risk premium by linking the dynamics of asset wealth and labor income with the behavior of future housing returns.

Purpose – The purpose of this chapter is to assess the role of collateralizable wealth and systemic risk in explaining future asset returns.

Methodology/approach – To test this hypothesis, the chapter uses the residuals of the trend relationship among housing wealth and labor income to predict both stock returns and government bond yields. Specifically, it shows that nonlinear deviations of housing wealth from its cointegrating relationship with labor income, hwy, forecast expected future returns.

Findings – Using data for a set of industrialized countries, the chapter finds that when the housing wealth-to-income ratio falls, investors demand a higher risk premium for stocks. As for government bond returns: (i) when they are seen as a component of asset wealth, investors react in the same manner and (ii) if, however, investors perceive the increase in government bond returns as signaling a future rise in taxes or a deterioration of public finances, then they interpret the fall in the housing wealth-to-income ratio as a fall in future bond premia. Finally, this work shows that the occurrence of crisis episodes amplifies the transmission of housing market shocks to financial markets.

Originality/value of chapter – These findings are novel. They also open new and challenging avenues for understanding the dynamics of the relationship between the housing sector, stock market and government bond developments, and the banking system.

Since the recent global financial crisis began in 2008–2009, there has been strong decline in financial markets and investment, huge losses and bankruptcies that have led to a major financial downturn, and a significant economic recession for most developed and emerging economies. Some economists and financial analysts now consider this crisis to be more harmful in some ways than the Great Depression of 1929. Those economists and analysts point to a number of technical issues and limitations associated with the present financial systems, monetary institution rules, accounting and rating formulas, and investment strategies and choices. To try to overcome the financial downturn and, at the same time, to protect the banking systems and financial markets and to reassure investors, central banks have attempted various solutions, governments have introduced new plans (e.g., the Paulson plan), policymakers have included these topic in their political programs, and several conferences and political summits have been organized to discuss the issues. There have been two prevailing lines of thought. According to one line of thought, the extreme risk associated with speculation in sophisticated financial products, the nature of the credit-banking economic system, the gap between real and financial economies, and the strategic errors of monetary institutions constitute the main sources of the financial crisis.¹ On the other hand, it is now argued that this trend needs to be altered. According to that view, monetary institutions, banking and trading systems, rating agencies, and asset pricing modeling need to be reassessed (Barnett, 2012).

This study aims to (1) investigate the association between companies' investment in occupational safety and their financial performance and (2) discuss the importance of occupational safety to overall performance.

Occupational safety is often considered to be a practice that can yield suboptimal return on investment. However, it is not known whether this belief is substantiated by evidence. A mapping review of the eligible research literature (N = 36) regarding firms' investment in occupational safety and their financial performance, published between 1945 and2018, was carried out in the Web of Science database.

By dispelling myths regarding return on investment associated with occupational safety, the findings of this study underscore financial gains firms can obtain by promoting occupational safety measures in their organizations.

These issues are important because they can help policymakers understand the pressures companies face in terms of occupational safety and financial performance sustainability.

This paper aims to examine the relationships between socioeconomic development, renewable energy and the innovative process by providing: a descriptive analysis; a co-occurrence analysis of terms, thematic mapping and conceptual structure; and the typology of the textual corpus.

To analyze the relationship between “renewable energies, socioeconomic development and the innovative process,” it is necessary to build a theoretical foundation that contains the relevant scientific studies and reflects the current state of the art on the subject. For this, this study developed a systematic literature review (SLR) using the preferred reporting items for systematic reviews and meta-analyses research protocol to answer the relationship on the theme.

Research shows a global understanding of the need to invest in developing studies to reduce carbon dioxide emissions and improve economic growth. The main contributions lie in providing a typology of the state of the art, identifying the joint relationships between themes, insights into the key themes and indicating themes that must be developed. This study may also support future empirical studies as it provides a theoretical foundation for formulating hypotheses, which can be tested through qualitative and quantitative approaches.

The innovative character consists of addressing a shortage of SLRs on this theme. Thus, this paper fills this gap by providing a theoretical foundation for future scientific and academic knowledge generation. Furthermore, regarding the interdisciplinary aspects of this research as contributions, this paper presented different approaches and theoretical perspectives.

The purpose of this paper is to assess the feasibility of analytical models, specifically the radial basis function method, Akbari–Ganji method and Gaussian method, in conjunction with the finite element method. The aim is to examine the impact of processing parameters on temperature history.

Through analytical investigation and finite element simulation, this research examines the influence of processing parameters on temperature history. Simufact software with a thermomechanical approach was used for finite element simulation, while radial basis function, Akbari–Ganji and Gaussian methods were used for analytical modeling to solve the heat transfer differential equation.

The accuracy of both finite element and analytical methods was validated with about 90%. The findings revealed direct relationships between thermal conductivity (from 100 to 200), laser power (from 400 to 800 W), heat source depth (from 0.35 to 0.75) and power absorption coefficient (from 0.4 to 0.8). Increasing the values of these parameters led to higher temperature history. On the other hand, density (from 7,600 to 8,200), emission coefficient (from 0.5 to 0.7) and convective heat transfer (from 35 to 90) exhibited an inverse relationship with temperature history.

The application of analytical modeling, particularly the utilization of the Akbari–Ganji, radial basis functions and Gaussian methods, showcases an innovative approach to studying directed energy deposition. This analytical investigation offers an alternative to relying solely on experimental procedures, potentially saving time and resources in the optimization of DED processes.

Currently, there are some finite element head models developed by research groups all around the world. Nevertheless, the majority are not geometrically accurate. One of the problems is the brain geometry, which usually resembles a sphere. This may raise problems when reconstructing any event that involves brain kinematics, such as accidents, affecting the correct evaluation of resulting injuries. Thus, the purpose of this study is to develop a new finite element head model more accurate than the existing ones.

In this work, a new and geometrically detailed finite element brain model is proposed. Special attention was given to sulci and gyri modelling, making this model more geometrically accurate than currently available ones. In addition, these brain features are important to predict specific injuries such as brain contusions, which usually involve the crowns of gyri.

The model was validated against experimental data from impact tests on cadavers, comparing the intracranial pressure at frontal, parietal, occipital and posterior fossa regions.

As this model is validated, it can be now used in accident reconstruction and injury evaluation and even as a design tool for protective head gear.

Portugal experienced very destructive earthquakes in the past, such as the well-known “Lisbon earthquake” in 1755. With such in mind, accurate estimates of human and economic losses can play a significant role in providing various societal key players with objective information for response strategies. This paper aims to present the contribution of the most recent study in Portugal (PRISE) concerning comprehensive seismic risk assessment, which can be used as good practice and reproduced in different contexts.

PRISE (earthquake loss assessment of the Portuguese building stock) covered three main lines of research, corresponding to the three components typically considered in any seismic risk assessment study: the characterization of the seismic hazard, the identification of the exposure to earthquakes and loss potential and the vulnerability of the exposed assets. Each of these components has been fully characterized through the collection of census and local data (exposure), used to carry out nonlinear analysis (hazard and fragility).

By involving different research institutions and partners with extensive knowledge and expertise in the earthquake domains, the developed model is capable of producing economic and human earthquake loss estimates in real time (through an innovative Web-based platform) or for specific event scenarios, considering exposed population, residential and industrial buildings. The platform uses open-source tools and hence, it can be reproduced in other countries or contexts.

Research wise, the hazard, vulnerability and exposure models can still be significantly improved, e.g. by adding critical infrastructure (hospitals, school buildings and bridges) or updating the nonlinear models, for more accurate loss predictions.

The findings and loss estimates for different earthquake scenarios show that planned interventions are required. Decision-makers and other relevant stakeholders (Civil Protection) can make use of the developed platform to produce specific estimates, to test the effect of different retrofitting interventions or to plan for emergency scenarios.

A real-time Web-based framework to estimate building damage and economic/human losses because of seismic events has been developed, aiming to provide the Portuguese Civil Protection and other playmakers with a unique platform for planning and preparing for emergency scenarios.

We present a critical literature review debating Brazilian research on social and environmental accounting (SEA). The aim of this study is to understand the role of politics in the construction of hegemonies in SEA research in Brazil. In particular, we examine the role of hegemony in relation to the co-option of SEA literature and sustainability in the Brazilian context by the logic of development for economic growth in emerging economies. The methodological approach adopts a post-structural perspective that reflects Laclau and Mouffe’s discourse theory. The study employs a hermeneutical, rhetorical approach to understand and classify 352 Brazilian research articles on SEA. We employ Brown and Fraser’s (2006) categorizations of SEA literature to help in our analysis: the business case, the stakeholder–accountability approach, and the critical case. We argue that the business case is prominent in Brazilian studies. Second-stage analysis suggests that the major themes under discussion include measurement, consulting, and descriptive approach. We argue that these themes illustrate the degree of influence of the hegemonic politics relevant to emerging economics, as these themes predominantly concern economic growth and a capitalist context. This paper discusses trends and practices in the Brazilian literature on SEA and argues that the focus means that SEA avoids critical debates of the role of capitalist logics in an emerging economy concerning sustainability. We urge the Brazilian academy to understand the implications of its reifying agenda and engage, counter-hegemonically, in a social and political agenda beyond the hegemonic support of a particular set of capitalist interests.