Fintech Adoption and Dispositional Innovativeness in E-Gold Investment: Evidence from India
Lata Kumari Pandey, Jayashree Bhattacharjee, Ranjit Singh
et al.
In the digital age, investing in e-gold is increasing in popularity. This study’s objective is to assess the moderating role of dispositional innovativeness between fintech adoption and the intention to invest in e-gold, as well as to understand investors’ behavioral intentions. This study uses the theory of planned behavior model to analyze the data. We prepared a structured questionnaire to collect data from Maharashtra, a state in India, and used PLS-SEM for analytical purposes. We also used focus group interviews to validate the findings from PLS-SEM. Our evidence shows that attitude, subjective norms, and perceived behavioral control significantly impact fintech adoption and the intention to invest in e-gold. This study also confirmed that dispositional innovativeness moderates the relationship between fintech adoption and the intention to invest in e-gold. This study implies that policymakers can redesign the regulation of digital assets to promote transparency, security, and faith in the fintech platform by recognizing the interest rate in e-gold.
Exploring Education for Sustainable Development (ESD) in Real Estate Curricula: Experiences From Botswana
Partson Paradza
Sustainability competencies are increasingly essential for real estate professionals, yet Education for Sustainable Development (ESD) remains underrepresented in real estate curricula, particularly in emerging economies. This study examines how sustainability knowledge and skills are integrated in real estate programs in Botswana. Employing a qualitative design, data were collected through an archival review of seven accredited programs across three universities and semi-structured interviews with nine academics involved in teaching and curriculum development. Results indicate that sustainability is minimally embedded, with only two programs containing dedicated modules (2.6%–16.6% of total coursework) and assessments predominantly relying on written examinations, limiting opportunities for applied and reflective learning. Drawing on the Conceive-Design-Implement-Operate (CDIO) framework, constructive alignment, and cumulative learning principles, a theoretical model is proposed to embed sustainability across program levels systematically. This framework supports the development of graduates’ cognitive understanding and practical competencies for sustainable real estate practice. While focused on Botswana, the findings offer transferable insights for curriculum reform in other emerging and developed contexts, aligning real estate education with national and global sustainability imperatives.
A Bibliometric Study of Adoption of Green Building Concepts in Shopping Centres
Selei Oreneile Heather, Paradza Partson
The adoption of green building concepts in shopping centres has emerged as an important strategy for enhancing environmental sustainability, energy efficiency, and consumer well-being. Despite the growth of green building research, studies focusing specifically on retail environments remain limited. This study employed a bibliometric approach to examine the evolution, trends, and intellectual structure of research on green building adoption in shopping centres from 2000 to 2025. Using the Dimensions AI database, 26 publications were identified and analysed through citation analysis, co-citation networks, journal co-citation, and bibliographic coupling. The findings reveal that research in this field is fragmented and episodic, with three main thematic clusters: managerial and policy adoption, building performance and thermal comfort, and energy-efficient systems. Influential works primarily focus on certification frameworks and energy efficiency, while retail-specific challenges remain underexplored. Geographic analysis indicates limited international collaboration, with most contributions concentrated in a few countries. The study highlights gaps in the literature and underscores the need for sector-specific frameworks, cross-country studies, and targeted policies to promote sustainable practices in shopping centres. These insights provide a foundation for guiding future research, policy-making, and practical implementation of green building strategies in the retail sector.
Real estate business, Regional economics. Space in economics
Asymmetric Effect of Monetary and Fiscal Policy Uncertainty on the Energy Transition: Evidence from the United States
Mohammed Amine Mouffok, Omar Mouffok, Wassila Bouabdallah
et al.
This research attempts to investigate how uncertainty in fiscal policy (FPU) and monetary policy (MPU) affects the US energy transition. While previous literature took the total renewable energy consumption (REC) as an indicator for the energy transition, this study uses different renewable energies across different sources, including solar, hydropower, wind, and biomass. Then, the novel multivariate quantile on quantile regression (MQQR) approach and time-varying nonparametric quantile causality (TVNQC) methods were applied in the period from 2000 to 2023. The MQOQ findings demonstrate a robust asymmetry between MPU, FPU, and all renewable energy sources, where MPU has the biggest impact, meanwhile, biomass energy has the strongest relationship. This was affirmed by TVNQC, which reveals a significant time-varying causation impact of MPU and FPU on various renewable energy sources; however, the causality becomes weaker during periods of global economic uncertainty, such as the COVID-19 pandemic and the Russia-Ukraine war. These findings provide a new insight for policymakers for addressing the energy transition and sustainability challenges.
Business mathematics. Commercial arithmetic. Including tables, etc., Business records management
Exploring the Mechanisms Influencing Users’ Willingness to Pay for Green Real Estate Projects in Asia Based on Technology Acceptance Modeling Theory
Siqin Wang, Sen Chen, Ken Nah
In contrast to the extensive research on the impact of green buildings on character, property values, energy efficiency, and environmental quality, less emphasis has been placed on understanding the factors driving users’ selection of green real estate projects, an essential element for the future business sustainability of such buildings. This study investigates the connection between various user motivations, such as perceived usefulness, perceived usability, a sense of responsibility, awareness of consequences, and perceived behavioral control, and their impact on Asian users’ willingness to pay for green real estate projects. These users include those who have already invested in and are considering long-term investment in such projects. An empirical methodology, integrating these motivations with a technology acceptance model, is proposed to assess their willingness to pay either through renting or buying. The study applies structural equation modeling to analyze sample data against a hypothetical model, thereby testing the hypotheses. It concludes that, in influencing green real estate projects, the following apply: (1) perceived usefulness and perceived behavioral control significantly shape Asian users’ attitudes towards financial commitment; (2) perceived usability directly influences their perceived usefulness; (3) awareness of consequences acts as a mediating factor in the relationship between perceived usability and behavioral control among these users. Moreover, the study offers strategic design recommendations for future green real estate projects, informed by the diverse motivational factors of Asian users, to guide their purchasing and selection decisions.
Who Governs American Nonprofit Private Universities? An Analysis of Board Composition
Quang Chau, Lan Hoang, Minh Huynh
Private universities’ governing board members, commonly described as “the guardians of universities'', play a vital role in directing and connecting the universities with external organizations. However, despite their important roles, we know very little about who are board members. Hence, this study seeks to bridge that knowledge gap by examining the governing board’s demographics, more specifically their social backgrounds, professional affiliations, managerial positions, and political involvement. Fifteen US non-profit private universities with the largest philanthropic donations are selected for this study. In addition to the gender inequality in board representation, our main finding is that people with business backgrounds are pre-dominant in non-profit university boards. This provides empirical evidence for the much-discussed affinity between higher education and businesses, and thus urges scholars, policymakers as well as the public in general to rethink the role of higher education.
Innovative and secure decentralized approach to process real estate transactions by utilizing private blockchain
Vishalkumar Langaliya, Jaypalsinh A. Gohil
Abstract Purpose This research introduces a decentralized method for handling real estate transactions through the utilization of private blockchain technology. The authors pinpoint the primary challenges within the prevailing transaction procedures in India and advocate for the integration of blockchain technology as a solution. Ultimately, the study concludes that the proposed system has the potential to optimize transaction processes within Indian government offices, fostering heightened efficiency, transparency, and a reduction in corrupt practices. Methods/design/methodology The current transaction process and the centralized technology are investigated using a physical observation approach at the government office. Following that, numerous parties are questioned to identify the main pain areas in the process. The outcomes of the interviews are used to create a blockchain solution that addresses the identified pain points. Following the design, interviewees are requested to validate the suggested model. Findings Some of the primary pain areas found in the real estate transaction procedure include that it is impossible to avoid single-point failure due to the present centralized transaction process, the possibility of corruption at any point, and the lack of data available at each node. Using blockchain techniques, the suggested decentralized application enhances the way transactions are processed and ensures the quality of data availability, transparency, and the elimination of single points of failure. Practical implications and simulation process A private blockchain application is created to improve the real estate transaction procedure at the Indian government office. One complex front end is created to receive information about the seller, the buyer’s property, and the payment, and a suitable database is employed to hold the sensitive data. Data is moved to the private blockchain for final execution when the smart business logic has been applied to the necessary information. One artificial utility is created that places a heavy load on the proposed system and measures the load trashing to validate it. It generates an enormous amount of sample data to verify the suggested system. Originality/value According to recent research, blockchain technology has the potential to get better efficiency, transparency, security, data accessibility, and thus trust in the transaction process. As a result, the suggested application is beneficial to the future of the Indian real estate transaction process.
Computer engineering. Computer hardware, Computer software
How R&D intensive firms react to the COVID-19 pandemic: Evidence from a quasi-natural experiment
Trang Hanh Lam Pham, Dung Hoai Thi Nguyen, Vu Tuan Chu
et al.
Prior research suggests that R&D intensive firms are especially vulnerable during crises due to their narrow specialization, high adjustment costs, increased distress risks, and higher sensitivity to financial distress. This paper exploits the difference in the research and development intensity as a quasi-natural experiment to examine the impact of the coronavirus pandemic on firm performance. Our study finds that the adverse consequences of COVID-19 on firms' profitability have been less pronounced for R&D intensive firms. R&D intensive firms are also able to record more positive changes in cash holdings as a response to the COVID-19 pandemic. As a result, R&D intensive firms are less likely to rely on external financing and record a lower level of increase in financing. Our results further highlight the potential function of R&D investment as a panacea for firm's growth during economic downturns.
Science (General), Social sciences (General)
Employee Engagement and Innovative Work Behavior Among Chinese Millennials: Mediating and Moderating Role of Work-Life Balance and Psychological Empowerment
Hazem Ali, Min Li, Xunmin Qiu
Given the ever-changing business environment, organizations are forced to consider innovation as an essential prerequisite to enhance their efficiency, productivity, and sustainability. In this regard, organizations pay increased attention to enhancing employees' engagement (EE) and stimulating their innovative work behaviors (IWBs). Research emphasizes the importance of employees' IWBs in achieving competitive advantages and organizational sustainability. In this research, we address the question of whether employee engagement leads to stimulating IWBs of the Chinese millennial workforce in service industries. In addition, we explore the potential mediating effect of work-life balance (WLB) and the moderating influence of psychological empowerment (PE) on the relationship between EE and IWBs. Self-administered questionnaires were used to collect data from 372 Chinese senior employees working in the IT, trade, real estate, financial, and telecommunication industries. Our empirical findings showed that highly engaged employees are most likely to exhibit IWBs and maintain a WLB. In addition, the relationship between EE and IWB was partially mediated by WLB. Moreover, the interaction between EE and PE was found to strengthen employees' IWBs. Our study contributes to understanding the importance of EE as an essential prerequisite for millennials' IWBs and provides new insights for service organizations to encourage employees' IWBs. This study contributes to the human resource management field by offering valuable implications vis-à-vis how service organizations operating in a turbulent business environment stimulate the IWBs of their millennial workforce.
The Real Estate Market and its Influencing Factors for Sustainable Real Estate Development: A Case of Latvia
Kauskale Linda, Zvirgzdins Janis, Geipele Ineta
The tendencies of the development of real estate market could affect the tendencies within the real estate development. The development of the real estate market could be influenced by the variety of factors, depending on the economic system of the country and other factors. The aim of the research is to analyse the tendencies in the Latvian real estate market, by paying particular attention to its influencing factors and sustainable real estate development. The literature review, comparative, historical, statistical analysis, observation and logical access methods have been used in the research. The research provides an interdisciplinary view on the topic. Particular attention is paid to the case of Latvia. The research can be used to promote the importance of sustainability and sustainable development using different forms, mostly economic and environmental ones. Changes within the economic dimension, including changes of real estate market prices, and other significant aspects of real estate development can influence the sustainability of the real estate market in general and may affect the financial results of market participants. Thus, the research can also be useful for real estate developers for a planned, balanced and financially successful entrepreneurship in the changing environment.
Real estate business, Regional economics. Space in economics
Housing Preferences in Various Stages of the Human Life Cycle
Palicki Sławomir
Customer preferences on the real estate market have been a topic of scientific research for decades. Recently, a lot of attention has been given to the issue of housing attitudes and needs of chosen groups of buyers. Among them, a particular increase in interest in real estate meeting the needs of the elderly and young buyers has been observed. However, Polish literature lacks a holistic analysis of consumer preferences through their entire lives.
Depopulation of Cities and Housing Decisions of University Graduates
Źróbek-Różańska Alina
Predicting the population size of a city is one of the key tasks preceding the creation of city development plans, seeing as how urban space management should be adequate to current and forecasted economic and social trends, including demographic ones. In many cities of the world, apart from capitals and metropolises, the phenomenon of depopulation and shrinking has been observed, which is due to a decrease in the fertility rate and a negative migration balance. Apart from the inhabitants registered in the city for permanent residence, there are also people living there temporary, including students. Some graduates will decide to stay in the city, thus increasing the population of the city’s residents.
The Impact of Shuttered Golf Courses on Property Values
Stephanie R. Yates, Lary B. Cowart
We measure the impact of a golf course as a residential amenity on surrounding home values in several communities in Shelby County, Alabama. We compare the values of homes in golf course communities (GCCs) and non-golf course communities, as well as the values of homes within these communities before and after the golf course closes. Using a methodology similar to Bond, Seiler, and Seiler (2002), we examine the sales prices of homes within GCCs both before and after a golf course closure to see how the closure affects the sales prices of homes and test for the significance of that difference. We calculate the difference in value for homes in GCCs before and after the golf course is closed and test for the significance of that difference. We estimate the degree to which specific factors explain the variance in home prices in these communities before and after the golf course closed. We find that homes in GCCs sell at a 9% premium compared to homes in non-GCCs. We also find that home prices in GCCs decrease by 17% after the related golf course closes; home prices for properties adjacent to a golf course diminish as well.
Methods for Dealing with Resistance to Change
Karaxha Halit
The study focuses on effective methods used to address resistance to business change. The aim of the study is to provide information related to methods of handling resistance to change and to present empirical results for each method that is used. In the study, the author uses quantitative methods, and more concretely, the questionnaire technique for data collection. Quantitative research methods that are used include linear regression, cross-tabulations and Pearson Chi-Square test. In this study, 399 businesses in Kosovo were involved. 64 cases of study (businesses) were excluded from the study because these businesses did not use any of the methods presented in the resistance treatment study. The results of the study show that support as a method of resistance treatment is mostly used by the businesses under consideration. The use of these methods has made the changes to be more effective in increasing revenue, providing superior organisational performance and steady market position. This study creates value for businesses, focusing on the importance of using methods for addressing resistance and the success of changes in organisations. However, in reality many initiatives for change fail in achieving their objectives. This fact promotes the interest in recognising those factors that influence the successful implementation of change efforts in organisations.
Real estate business, Regional economics. Space in economics
An Attempt to Identify Social – Economic Factors in the Levels Of Property Prices in Chosen Cities in Poland
Kokot Sebastian
Property prices vary on different local real estate markets. Even considering only the largest cities, great disproportions between average unit prices can easily be observed. This problem involves all segments of the real estate market, yet, because of the social & economic importance of housing properties, it takes on special importance on the apartment market. In Warsaw - the capital of Poland and the largest Polish city - prices exceed PLN 10,000 per 1m2 in the best locations and the average price at the end of 2016 in the entire city came to over PLN 7,500 per 1m2. At the sme time, however, average prices in other agglomerations, such as Łódź or Katowice, were equal to approx. PLN 3,500 per 1m2. It is only natural to ask what factors, especially social & economic, contribute to such considerable differences in house prices. This article addresses a group of potential factors underlying the prices of apartments, which have been studied statistically in correlation with average unit prices of apartments in chosen cities.
Due Diligence as the Tool for the Reliability of the Counterparty
A. A. Bakulina, V. I. Tikhon
Doing business involves entering into contractual relations not only with the clients, whose business reputation and financial capabilities have been tested for years, but also with the suppliers, vendors and lessors. Quite frequently there are lucrative offers from previously unknown companies, or sometimes there might be a need for transactions of purchase and sale of real estate, stocks or other assets on the open market, the suppliers and contractors often get changed. In order to form the most complete picture of partners and contractors from the point of view of the financial reliability aspect as well as the assessment of the prospects for further cooperation, the due diligence procedure is organized.The relevance of the researched theme will provide an opportunity to protect the organization from fraud on the part of the partners and contractors, which will contribute not only to the reduction of the financial risks of the company, but also to the increase in economic security of the organization as a whole.The authors have covered the acute aspects of the organizational process of due diligence in various economic entities. The methods of the research were as follows: the method of analogies, grouping method, analysis, synthesis, comparison, systematic and logical approaches. The sources of information were: the legal framework and the annual reports of the international companies.
Back Matter
Fiscal and Economic Impact Analysis of Proposed Nexus Natural Gas Pipeline on the City of Green, Ohio: A Case Study
Robert A. Simons, Andrew R. Thomas, Iryna Lendel
et al.
In order to provide a sustainable outlet for natural gas harvested from the fracking fields of eastern Ohio, in 2015 Nexus announced plans to build 250 miles of high-pressure natural gas transmission pipeline that would run from the source into Michigan, ultimately to Ontario, Canada. The pipeline route passes through the fast-growing City of Green, Ohio, and could disrupt development plans there. The proposed path would cause the City of Green to disproportionately bear the burden of anticipated economic losses and reduction in tax revenue associated with the pipeline. Despite substantial front-loaded ad valorem taxes paid by the pipeline utility, over a 50-year period, the pipeline is projected to cause NPV fiscal losses of over $52 million, largely from foregone property and income taxes for future development.
Fees for Advertisements in Public Space Incurred by a Given Bank Brand in Poland
Płuciennik Monika, Hełdak Maria
This article aims to present significant changes in the rates of fees for advertisements on selected bank buildings located in public space, resulting from the implementation of the so-called "Act on Landscape Protection" (Act on amending certain acts in connection with the strengthening of landscape protection tools from 24 April 2015 (2015 Journal Of Laws, item 774). The Act on landscape protection aims to minimize the amount of signboards in city centers. It introduces significant changes regarding (a) fees, (b) the expanded definition of advertisements, and (c) potential revisions and renewal of advertisements. The implementation of the Act causes significant inconveniences and challenges in the process advertising services. The objective of this research is to assess changes in the costs of advertising incurred by banks. More specifically, the research estimated (a) fees incurred by a selected bank brand for signboards placed on all bank branches within the entire country. An altered definition of an advertisement placed in the right-of-way and in public space will cause an increase in the surface of signboards, and, therefore, an increase in fees. In addition, a new type of fee (i.e., advertising fee) will increase the expenses incurred by the bank for the specified objects.
Modelovanje georeferenciranih podataka u katastru nepokretnosti primenom ISO 19100 serije standarda / Spatial data modeling in the real estate cadastre using ISO 19100 series of standards
Mirko N. Petrović
Potreba za standardizacijom u oblasti geografskih informacionih sistema odavno postoji. Međunarodne aktivnosti na ovom polju rezultirale su uspostavljanjem ISO 19100 serije standarda, kojima se regulišu različiti aspekti na polju geoinformatike. U članku su opisane mogućnosti primene relevantnih standarda iz serije ISO 19100 u modelovanju georeferenciranih podataka za katastar nepokretnosti. /
Introduction Standardization in geo-information technologies contributes to the establishment of efficient information functions, their greater stability and easier transition. Application of international, national and internal standards in the process of developing software products in the field of geo-information technology creates conditions for the development of efficient, low cost, reliable and secure software products. Spatial data modeling basics for real estate cadastre In terms of modeling, the spatial information of real estate cadastre is based on the vector data model which is suitable for modeling objects with a smaller number of properties with emphasis on the position. The vector spatial data model consists of two components: spatial and descriptive. The basis of the spatial one is geometry that contains metric data usually given in coordinates of a reference system. Geometry and Topology uniquely determine the shape, size and position of the object model in space, i.e. they represent its spatial component. Merging the spatial component with the descriptive one results in a completely defined object from the real world. Elements of spatial data quality Spatial data quality can be reviewed through a set of the following elements: origin, positional accuracy, attribute accuracy, completeness, logical consistency, semantic accuracy and the time information. The elements of spatial data quality listed above are provided using ISO 19100 series of standards. Application of ISO19100 series of standards in spatial data modeling for real estate cadastre Standards brought by the ISO organization have their wide application in the field of geographic information systems, including the cadastre and real estate, primarily in spatial data modeling. Cadastral systems must be generic and flexible to meet the demands that arise or change over time. Flexible information systems are one of the most important items of Driving Model Architecture (MDA). MDA is based on information systems models described in UML language. Other advantages of the MDA approach are especially prominent in today's highly variable IT environment. These advantages are portability, interoperability, platform independence. Series of ISO19100 standards are supporting the implementation of MDA. A model of a modern cadastre would be defined in accordance with current ISO standards and structured in a logically related components - document: business processes (UML Use Case Diagrams), UML Application Scheme, GML Schema Application, catalog of objects, metadata catalog, symbol catalog, coordinate system. ISO standards integration Components of the modern real estate cadastre model integrate several ISO standards simultaneously. A cadastral application scheme is a crucial component of the model data. The application Schema defines: data structure, attributes of object classes, specification of operations for manipulating and processing, conditions of integrity. The cadastral Application UML schema is an object-oriented conceptual scheme of the real estate cadastre, intended for implementation in modern geospatial databases. International Standard ISO 19109 defines rules for creating a consistent Application Scheme (including a consistent definition of object classes), for the purpose of collecting, processing, analyzing, accessing, presentation and distribution of spatial data. ISO 19109 standard for creating Application Schemes, relies on other standards from the ISO 19100 series, primarily in the 19103, 19107, 19108 and 19110. ISO 19103 standard specifies the use of Unified Modeling Language (UML) in geographic information modeling. ISO 19107 standard provides a conceptual scheme for describing and manipulating features of spatial objects. The standard operations for access, query, management, processing and sharing spatial data are defined during the modeling. Standardization in this area is the basis for other geographic standards. Conclusion Spatial data modeling is given greater importance. High costs of collecting and processing spatial data require special attention in all phases of design and implementation of geographic information systems. Therefore, it is necessary to comply with the current international ISO standards in modeling spatial data for real estate cadastre. The paper describes possibilities of application of relevant standards from ISO 19100 in modeling spatial data for real estate cadastre.
Military Science, Engineering (General). Civil engineering (General)