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1 – 10 of over 1000Amisha Gupta and Shumalini Goswami
The study examines the impact of behavioral biases, such as herd behavior, overconfidence and reactions to ESG News, on Socially Responsible Investing (SRI) decisions in the…
Abstract
Purpose
The study examines the impact of behavioral biases, such as herd behavior, overconfidence and reactions to ESG News, on Socially Responsible Investing (SRI) decisions in the Indian context. Additionally, it explores gender differences in SRI decisions, thereby deepening the understanding of the factors shaping SRI choices and their implications for sustainable finance and gender-inclusive investment strategies.
Design/methodology/approach
The study employs Bayesian linear regression to analyze the impact of behavioral biases on SRI decisions among Indian investors since it accommodates uncertainties and integrates prior knowledge into the analysis. Posterior distributions are determined using the Markov chain Monte Carlo technique, ensuring robust and reliable results.
Findings
The presence of behavioral biases presents challenges and opportunities in the financial sector, hindering investors’ SRI engagement but offering valuable opportunities for targeted interventions. Peer advice and hot stocks strongly predict SRI engagement, indicating external influences. Investors reacting to extreme ESG events increasingly integrate sustainability into investment decisions. Gender differences reveal a greater inclination of women towards SRI in India.
Research limitations/implications
The sample size was relatively small and restricted to a specific geographic region, which may limit the generalizability of the findings to other areas. While efforts were made to select a diverse sample, the results may represent something different than the broader population. The research focused solely on individual investors and did not consider the perspectives of institutional investors or other stakeholders in the SRI industry.
Practical implications
The study's practical implications are twofold. First, knowing how behavioral biases, such as herd behavior, overconfidence, and reactions to ESG news, affect SRI decisions can help investors and managers make better and more sustainable investment decisions. To reduce biases and encourage responsible investing, strategies might be created. In addition, the discovery of gender differences in SRI decisions, with women showing a stronger propensity, emphasizes the need for targeted marketing and communication strategies to promote more engagement in sustainable finance. These implications provide valuable insights for investors, managers, and policymakers seeking to advance sustainable investment practices.
Social implications
The study has important social implications. It offers insights into the factors influencing individuals' SRI decisions, contributing to greater awareness and responsible investment practices. The gender disparities found in the study serve as a reminder of the importance of inclusivity in sustainable finance to promote balanced and equitable participation. Addressing these disparities can empower individuals of both genders to contribute to positive social and environmental change. Overall, the study encourages responsible investing and has a beneficial social impact by working towards a more sustainable and socially conscious financial system.
Originality/value
This study addresses a significant research gap by employing Bayesian linear regression method to examine the impact of behavioral biases on SRI decisions thereby offering more meaningful results compared to conventional frequentist estimation. Furthermore, the integration of behavioral finance with sustainable finance offers novel perspectives, contributing to the understanding of investors, investment managers, and policymakers, therefore, catalyzing responsible capital allocation. The study's exploration of gender dynamics adds a new dimension to the existing research on SRI and behavioral finance.
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Keywords
- Behavioral finance
- SRI
- ESG
- Sustainable finance
- Behavioral biases
- Asian financial markets
- G40 behavioral finance: general
- G11 portfolio choice; investment decisions
- C11 Bayesian analysis: general
- O44 environment and growth
- Q01 sustainable development
- Bayesian analysis (C11)
- Portfolio Choice; Investment Decisions (G11)
- Behavioral Finance: General (G40)
- Environment and Growth (O44)
- Sustainable Development (Q01)
Mark Pim-Wusu, Clinton Aigbavboa, Timothy Adu Gyamfi and Wellington Didibhuku Thwala
Adaptability and integration (ADI) are the core ingredients for environmentally sustainable construction (ESC), which preserves the ecology from unsupported human activities…
Abstract
Purpose
Adaptability and integration (ADI) are the core ingredients for environmentally sustainable construction (ESC), which preserves the ecology from unsupported human activities. However, the approach is lagging in developing countries, which has led to studying the influence of ADI on the adaptive capacity of small- and medium-scale construction organisations.
Design/methodology/approach
The research employed a quantitative methodology, collecting 400 responses as a sample size. A construct of 14 influential factors concerning ADI within the Ghanaian small and medium-scale construction industry was developed. The data obtained from participants underwent analysis using SPSS version 26. The validity of the study’s findings was assessed by applying structural equation modelling (SEM) within the AMOS software.
Findings
It was evident that innovation advancement and ongoing training and evaluations significantly influence ADI for adaptive capacity. Moreover, the system internally and vulnerability (SIV) and perceived need for implementation (PNI) sub-scales were the main latent components for best construction practices.
Practical implications
Ghana’s small- and medium-scale construction organisations have yet to fully recognise the importance of ADI in enhancing adaptive capacity for the best ESC. However, the results indicated that ADI constructs will significantly influence implementation outcomes to ensure ESC.
Originality/value
The originality of this research also resides in identifying how ADI affect small- and medium-scale construction organisation’s ability to ensure ecologically sustainable building practices.
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Sabeeh Lafta Farhan, Ula Abd Ali Khalel Merie and Zuhair Nasar
This article highlights the essential notions of reviving urban space that should adhere to the place’s characteristics and the city’s social-cultural language. It analyzes the…
Abstract
Purpose
This article highlights the essential notions of reviving urban space that should adhere to the place’s characteristics and the city’s social-cultural language. It analyzes the central policies and principles that should be considered for revitalizing and sustaining urban spaces in historic city centers.
Design/methodology/approach
As a methodology, the article adopted a comparative methodology through an integrative framework based on reviewing a range of literature that explores the main dimensions that were discussed and argued for sustainable revitalization strategies.
Findings
The article emphasizes the essential revitalization strategies that could adopt specific frameworks according to each case, such as restructuring, creating elements of attraction and revival of the neighborhood’s center, the most important of which are preservation, renewal, rebuilding and reviving urban space through interactive architecture, in addition to identifying when the urban spaces need to implement removal, replacement or restoration as a strategy for reviving historical centers.
Originality/value
The paper seeks to discuss the cognitive background of the concept of reviving the urban space in historic city centers and analyze the main theories and studies that clarified society’s relationship to the design of urban places and its importance in the process of revitalization and rejuvenation.
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Alessio Dionigi Battistella and Riccardo Montanari
The recent convergence between architecture and cultural anthropology has laid the foundations for a methodological approach that is attentive to both local specificities and the…
Abstract
Purpose
The recent convergence between architecture and cultural anthropology has laid the foundations for a methodological approach that is attentive to both local specificities and the role of design. Starting from the analysis of the recovery of the primary school in the Bedouin camp of Wadi Abu Hindi in Palestine, the article intends to outline the role of the architect as a participating observer. It highlights how acting directly in the context of intervention guarantees a more effective response to local needs within spaces marked by strong conditions of inequality and marginality.
Design/methodology/approach
The methodology employed consists in using the ethnographic approach to collect qualitative data. The choice of this methodology stems from the intention to directly involve local actors in the design and execution phases.
Findings
The role of the architect as a participating observer within critical contexts shows how the activity of design is not simply limited to designing solutions but consists above all in the anticipation of all the critical aspects that may emerge in the practical execution of the works. The active participation and the adoption of a holistic outlook allow to find targeted solutions and ensure careful listening to the local needs.
Originality/value
The originality of this article consists in using an interdisciplinary approach between architecture and cultural anthropology, considering the architect as a participant observer.
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Dilay Seda Özgen Turan, Yasemin Afacan and Elif Surer
This study explores the impact of biophilic design in built environments on sustainable behaviors through the innovative use of a serious game. By examining how exposure to…
Abstract
Purpose
This study explores the impact of biophilic design in built environments on sustainable behaviors through the innovative use of a serious game. By examining how exposure to biophilic elements influences behaviors in real and virtual settings, the research aims to demonstrate the potential of serious games as tools for promoting sustainability.
Design/methodology/approach
The study was conducted in three distinct experimental settings: (1) a real environment pre-game, (2) a non-immersive game environment within the same real setting and (3) an immersive game environment post-game. Data were collected from 162 participants who experienced these different conditions. The serious game “Pop a Coffee Corner” was developed based on biophilic design principles and used to assess behavioral changes.
Findings
Results indicated that exposure to biophilic design elements in real settings significantly enhanced sustainable behaviors compared to non-biophilic environments. Additionally, playing the serious game in a biophilic environment led to even greater improvements in sustainable behavior than exposure to biophilic design alone. This demonstrates the effectiveness of serious games in fostering sustainable actions.
Research limitations/implications
The study’s findings are based on a specific university setting, which may limit generalizability. Future research could explore long-term impacts and applications in diverse contexts.
Practical implications
The research provides practical guidelines for incorporating biophilic design in built environments, and developing serious games can be a practical strategy for architects, urban planners and educators to promote sustainable behaviors among individuals. This approach can be applied in educational settings, public spaces and workplaces to foster a deeper connection with nature and encourage environmentally responsible behaviors.
Social implications
By demonstrating the effectiveness of biophilic design and serious games in promoting sustainable behaviors, this study contributes to broader societal efforts to address environmental challenges. Implementing these strategies can lead to increased environmental awareness and pro-environmental behaviors, ultimately supporting sustainability goals.
Originality/value
This study introduces the serious game approach as a novel method to evaluate and promote sustainable behaviors through biophilic design. It highlights the potential for integrating biophilic elements in both real and virtual environments to encourage environmentally responsible behavior, offering valuable insights to architects, designers and policymakers.
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Ann Francis, Vandana Padmanabhan and Albert Thomas
Contemporary construction techniques provide benefits of speed and cost savings on a large scale, and is viable in urban regions with exorbitant housing demand. In rural areas…
Abstract
Purpose
Contemporary construction techniques provide benefits of speed and cost savings on a large scale, and is viable in urban regions with exorbitant housing demand. In rural areas, where scale and access to technology are unavailable, locally prevalent vernacular architecture and methods are more suitable. Although vernacular construction techniques have historically proven more sustainable and climate-sensitive, the lack of skilled labour and lack of versatility in material selection limits its application on large-scale projects. This study explores the choice of building design and technology, from the context of embodied energy, carbon and other life cycle impacts for housing construction.
Design/methodology/approach
Life cycle assessment (LCA) that evaluates impacts due to the products/processes is used to analyse different construction techniques. Further a detailed estimation of embodied carbon and embodied energy is done for both “vernacular” and “contemporary” choices of construction methodology for a case study project.
Findings
The building constructed using vernacular techniques has lower embodied carbon and energy by over 30% compared to the other clusters designed using contemporary confined masonry techniques. However, with a few external interventions the contemporary methods can be implemented with improved sustainability.
Research limitations/implications
The limitation of the study is that it presents a case study-based exploration into comparing construction techniques to provide a practical understanding of making sustainable design choices and, hence, is limited to two construction methods. However, the same method could be extended to compare other construction techniques. Furthermore, it does not present a whole building LCA since the operating phase impacts are assumed to be fairly constant for such housing type, irrespective of the chosen method. Similarly, the demolition phase or the potential of reuse of the waste generated, water consumption and cultural and social heritage are not investigated in comparing the alternatives. Nevertheless, future studies could perform extensive exploratory and modelling studies on the operation phase and demolition phase to understand these impacts further.
Practical implications
In mass housing projects that belong to the so-called “affordable housing” or low-income housing category, sustainability concerns are not yet at the forefront of the decision-making process. Therefore, this study emphasizes the importance of incorporating sustainability into building design and construction and making sustainability accessible to even low-income communities. Adequate planning, social awareness initiatives and imparting skills and knowledge of sustainability to these communities are of utmost importance. The choice of design and materials should be encouraged by keeping in mind lower upfront costs as well as low maintenance and operational costs.
Social implications
The primary implications of the study are that the vernacular technologies are much superior in terms of sustainability in comparison to conventional construction of RCC framed structures as well as contemporary construction methods such as confined masonry. However, the implementation of such techniques presents significant challenges such as a lack of skilled forces, increased maintenance and lack of flexibility to minor modifications. Hence, although being a sustainable choice its acceptance and execution present practical difficulties. Therefore, this study primarily aims to reinforce the belief in vernacular architecture and techniques to build sustainable and resilient communities while highlighting the challenges of the modern world in implementing them.
Originality/value
Most studies advocate using construction methods based on their ease of implementation, maintenance or cost. However, this study highlights the importance of considering the aspect of sustainability in the context of the choice of methods for housing construction in urban and semi-urban areas. This study also addresses the need not to overlook vernacular construction technologies while selecting technology for housing for low-income communities.
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Selma Saraoui, Abdelghani Attar, Rahma Saraoui and Sonia Alili
The Ottoman cultural legacy in Algeria is made up of a diverse range of architectural structures. The Algerian government strategy in connection with the Ottoman old buildings is…
Abstract
Purpose
The Ottoman cultural legacy in Algeria is made up of a diverse range of architectural structures. The Algerian government strategy in connection with the Ottoman old buildings is to restore them into museums. This study will attempt to present a contrastive analysis between two old palaces being under restoration (refurbishment), and the goal is to propose a museum route by calculating the ambiance aimed at circulating the rooms by visitors.
Design/methodology/approach
The authors analyzed the architectural components of the various entities by observing in situ and taking measurements for a single case study to get a sense of the results for the mid-season (spring and fall). The configuration was next evaluated by modeling the space syntax and combining it with a simulation of daylight luminance, for the period when the authors could not make measurements on-site. The ultimate goal is to combine these findings to suggest the ideal in-route for the future museum.
Findings
This research allowed the authors to propose a museum itinerary adapted to the new vocation of the palaces, which considers the daylight as an element of composition in the spaces of circulation.
Practical implications
The paper proposes solutions to a flow management problem encountered in several similar palaces converted into museums.
Social implications
The study aims to raise questions on the museum, and to preserve such heritage from neglect by giving it a new life more adapted to the needs of the Algerian society.
Originality/value
The authors believe that this contribution will be a creative solution for issues related to the operation of palaces that have been converted into museums.
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Funda Baş Bütüner, Aysem Berrin Cakmakli, Ahmet Can Karakadilar and Esra Deniz
This article explores the impacts of the changing land-use on urban heat island (UHI) in an urban transformation zone in Ankara (Türkiye). Identifying a characteristic rural…
Abstract
Purpose
This article explores the impacts of the changing land-use on urban heat island (UHI) in an urban transformation zone in Ankara (Türkiye). Identifying a characteristic rural landscape until the 1950s, the study area experienced a drastic land-use change by razing the fertile landscape of the city and replacing it with a sealed surface. Development of the squatter houses after the 1960s and, subsequently, the implementation of a new housing morphology have introduced new sceneries, scales and surface conditions that make the study area a noteworthy case to analyze.
Design/methodology/approach
Regarding the drastic spatio-temporal change of the study area, this research assesses the impacts of the changing land-use on UHI based on three periods. Using 1957, 1991 and 2021 aerial imaginaries and maps, it analyzes the temperature alteration caused by the changing land-use. To do so, different surface types, green patterns and built-up areas have been modeled using Ankara climatic data and transferred to ENVI-Met to calculate the Universal Thermal Climate Index (UTCI) values.
Findings
The calculation has been developed over a transect covering an area of 40 m × 170 m, which includes diversity in terms of architecture, landscape and open space elements. To encourage future design strategies, the research findings deliberate into three extents that discuss the lacking climate knowledge in the ongoing urban transformation projects: impervious surface ratio and regional albedo variation, changing aspect ratio and temperature variation at the pedestrian level.
Originality/value
Urban transformation projects, being countrywide operations in Türkiye, need to cover climate-informed design strategies. Herein, the article underlines the critical position of design decisions in forming a climate-informed urban environment. Dwelling on a typical model of housing transformation in Türkiye, the research could trigger climate-informed urban development strategies in the country.
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Ahmed O. El-Kholei, Ghada Yassein and Ibrahim Sedky Rizkallah
Sustainable urban development involves integrating intelligent technology into urban planning to promote economic growth, social services, and environmental preservation. It…
Abstract
Purpose
Sustainable urban development involves integrating intelligent technology into urban planning to promote economic growth, social services, and environmental preservation. It fosters inclusiveness, safety, resilience, and sustainability in urban environments. However, this strategy faces challenges balancing economic growth, social equality, and environmental preservation. Design experts must balance economic development with sustainability preservation to achieve sustainable urban development. They depend on technology for smarter communities. The paper aims to identify the criteria for sustainable urban design and design professionals' bias and their awareness of using the fourth industrial revolution technologies.
Design/methodology/approach
The research methodology involves a document review to identify criteria and weights for sustainable urban design. A questionnaire was conducted with 30 design professionals to understand their preferences and biases. A hierarchical framework was created, and pairwise comparisons were computed using an AHP Online System. The weight of each criterion was calculated by aggregating normalized pairwise values within each row and dividing by the total number of cells. The Consistency Ratio (CR) was determined by aggregating the values in the row to produce the weighted aggregate value for each principle.
Findings
The document review emphasizes the significance of sustainable urban design, livability, intelligence, and environmental conservation in sustainable communities. However, participants often overlook these aspects, focusing on comfort, privacy, security, and exclusiveness. They also ignore the need for smart city technologies and environmental protection. This lack of understanding may hinder Egypt’s achievement of SDG11.
Research limitations/implications
The paper’s main limitation is the small sample size and composition, as all participants were Egyptians working in Egypt or the Arabian Gulf region. The findings cannot be generalized, and future research could involve a team from different regions. Egypt needs to address the lack of knowledge and awareness of sustainable urban design principles among design professionals to achieve SDG 11 goals. This can be achieved through educational initiatives, readjusting priorities towards sustainability, harmonizing policy and practice with sustainable urban design principles, and interdisciplinary teamwork. Design professionals should customize their methods to suit local requirements and ecological circumstances.
Originality/value
The paper reveals that many design professionals lack an integrated and holistic understanding of sustainable urban design principles that the document review outlined. Their responses and practices reveal an incomplete understanding of sustainable urban development, requiring attention to organizing the profession, training practitioners, and reforming planning education. The paper shows that AHP has the potential to serve as a suitable instrument for decision-making; nonetheless, it is essential to exercise caution when interpreting its outcomes.
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Gulden Gumusburun Ayalp and Yusuf Berkay Metinal
Considering the construction industry’s vital role in economic development and social consequences, this study seeks to pinpoint critical barriers hindering Turkey’s sustainable…
Abstract
Purpose
Considering the construction industry’s vital role in economic development and social consequences, this study seeks to pinpoint critical barriers hindering Turkey’s sustainable construction (SC). Although several studies highlighted the barriers to SC worldwide, none identified the critical factors. By identifying and understanding these barriers, the research aims to comprehensively understand practices and formulate strategic recommendations to promote sustainable construction.
Design/methodology/approach
A systematic approach is adopted to achieve the research objectives. The study involves identifying potential barriers to SC with a systematic literature review. A questionnaire was organized and distributed via e-mail to architects, civil engineers, and contractors. The criticality of identified barriers was determined with normalized mean value analysis, and critical barrier factors (CBFs) to SC were isolated with exploratory factor analysis. Finally, the effect size of these factors was quantified through structural equation modeling.
Findings
This study identified 32 critical barriers hindering the SC in the Turkish construction industry among 49 barriers. Furthermore, this study revealed six CBFs to SC that are “inadequate supervision and control of SC,” “fear of transition to sustainable construction and disruptions in adoption,” “lack of educational opportunities,” “return on investment and financial bias,” “awareness and knowledge gap about SC,” and “lack of demand from stakeholders.” Among them, “awareness and knowledge gap about SC,” “fear of transition to SC,” “lack of educational opportunities,” “lack of demand from stakeholders,” and “inadequate supervision and control of SC” were determined as the very highly crucial CBFs hindering SC.
Originality/value
Although some studies have identified the barriers to SC qualitatively and quantitatively, studies have yet to provide insights into the critical barrier factors hindering SC. Therefore, this study comprehensively and quantitatively determines the relevant CBFs to SC using exploratory factor analysis and utilizes confirmatory factor analysis and structural equation modeling to present a structural model of how critical factors affect the SC.
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