Article
Business, Finance
Magnus Frostenson, Leanne Johnstone
Summary: This study explores the construction of accountability for sustainability within organizations and reveals multiple pathways and factors involved in the establishment of sustainable responsibility. The findings show the formation of separate sustainability control systems within subsidiary companies and the need for socializing accountability activities to drive sustainable actions.
SUSTAINABILITY ACCOUNTING MANAGEMENT AND POLICY JOURNAL
(2023)
Article
Public Administration
Francesca Manes Rossi, Isabel Brusca, Vicente Condor
Summary: This paper provides insights into the differences in audit systems of European countries, emphasizing the importance of building a strong audit system to reduce mismanagement of public funds. It calls for countries to update and standardize their accounting systems, and advocates for wider adoption of performance auditing in Europe. The study reveals the lack of harmonization in auditing across Europe, highlighting the need for further research and action in this area.
PUBLIC MONEY & MANAGEMENT
(2021)
Article
Green & Sustainable Science & Technology
Ionel Bostan, Mihaela Brindusa Tudose, Raluca Irina Clipa, Ionela Corina Chersan, Flavian Clipa
Summary: The study assesses the impact of macroeconomic variables and supreme audit institutions on the sustainability of public finances, finding that the latter play an important role in reducing government deficit and debt as well as improving efficiency and controlling corruption.
Article
Green & Sustainable Science & Technology
Cailou Jiang, Rong Liu, Jie Han
Summary: This paper uses the pilot policy of Accountability Audit of Natural Resource as a quasi-natural experiment to examine its impact on corporate environmental performance (CEP). It also explores the moderating effects of media supervision and the rule of law from an external supervision perspective. The results show that the audit significantly promotes CEP, with media supervision weakening its effects and a higher level of rule of law enhancing its effects. Further analysis indicates that the impact of the audit on CEP is significant in coastal regions and heavily polluting enterprises.
ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY
(2023)
Article
Operations Research & Management Science
Fouad Ben Abdelaziz, Souhir Neifar, Khamoussi Halioui
Summary: The main objective of this study is to design optimal managerial compensation and auditor fees to counter income-increasing earnings management behavior. It utilizes game theory to analyze the potential collusion between shareholders, managers, and auditors, and proposes optimal solutions to ensure high audit quality.
ANNALS OF OPERATIONS RESEARCH
(2022)
Article
Computer Science, Information Systems
Jun Shen, Xiaofeng Chen, Jianghong Wei, Fuchun Guo, Willy Susilo
Summary: This article proposes a blockchain-based accountable auditing protocol with multi-ownership transfer, achieving verifiability, accountability, and multi-ownership transferability. It introduces a novel tag structure and records information on immutable blockchains for integrity verification and multi-ownership transfer. The protocol's security and efficiency are demonstrated through comprehensive analysis and extensive experiments.
IEEE TRANSACTIONS ON CLOUD COMPUTING
(2023)
Article
Green & Sustainable Science & Technology
Mohammad B. Hamida, Wahhaj Ahmed, Muhammad Asif, Faris Abdullah Almaziad
Summary: The buildings and construction sector in the Kingdom of Saudi Arabia accounts for the majority of energy consumption. This study aims to assess Energy Conservation Measures in a government-built educational building in Dammam using a BIM-based approach. Results show that implementing four ECMs can reduce annual energy consumption by 22.7% with a payback period of 2.7 years, making it a viable option for energy retrofitting educational buildings in the country.
Article
Business, Finance
Anand Jha, Manoj Kulchania, Jared Smith
Summary: The study shows that firms headquartered in more corrupt districts tend to pay higher audit fees, have weaker internal controls, and are more likely to restate earnings compared to those in non-corrupt districts. The auditors serving these firms also put in greater effort, possibly due to the additional risks associated with operating in corrupt areas.
Article
Green & Sustainable Science & Technology
Yining Zhou, Geoff Lamberton, Michael B. Charles
Summary: This study aims to enhance the understanding of materiality in sustainability accounting by addressing unresolved theoretical deficiencies. A new conceptual model of materiality is presented, incorporating accountability and stakeholder heterogeneity, to explain how organizations prioritize reporting and managing sustainability issues. The model is illustrated using the multinational organization Exxon as a case study, with empirical evidence confirming its explanatory power in understanding materiality practices, including how unaccountable behavior is addressed.
Article
Business, Finance
Yoram Rabin, Roy Peled
Summary: Real-time audit is a practice where actions are audited and findings are published during the ongoing process, rather than after it is completed. It has been widely used in auditing COVID-19 relief programs in many countries. While this practice has gained popularity in recent years in the United States and other countries, Israel's SAI has been conducting real-time audits since the 1970s. This article surveys SAI practices in different countries regarding the timeliness of auditing public agencies and analyzes the pros and cons of real-time audits based on Israel's experience. It also provides several issues for SAIs to consider before choosing to conduct a real-time audit.
INTERNATIONAL JOURNAL OF AUDITING
(2023)
Article
Thermodynamics
Qibo Jiang, Qingmei Tan
Summary: The national environmental audit can significantly improve regional energy efficiency, especially in well-developed regions and regions with sound institutional environment. The external governance effect of the audit is to enhance energy efficiency by promoting technological progress.
Article
Social Sciences, Interdisciplinary
Marcel Steller, Erich Pummerer
Summary: Our research shows that the personal income tax of auditors can have a significant impact on audit effort, with the tax rate and amount of loss recognition being crucial factors. Taxes may lead to paradoxical effects on the auditor's effort, audit quality, and marginal audit fee, particularly when profits and losses are taxed differently or when decision-makers are risk-averse. Therefore, taxes can have distortionary effects compared to a pretax setting, resulting in diverse audit quality and marginal audit fees based on national tax law.
Article
Computer Science, Information Systems
Zhenpeng Liu, Lele Ren, Yongjiang Feng, Shuo Wang, Jianhang Wei
Summary: Cloud storage is a crucial method for data storage. However, relying solely on third-party auditors for data integrity verification is not always reliable. To address this issue, this paper proposes a blockchain-based auditing scheme that uses blockchain technology to ensure the reliability of data auditing. By utilizing the quad Merkle hash tree and deploying smart contracts on the blockchain, the proposed scheme improves computing and storage efficiency while providing automated and up-to-date verification of data integrity. Security analysis and experiments confirm the effectiveness and security of the scheme.
Article
Business, Finance
Derek K. Chan, Nanqin Liu
Summary: We examine the impact of disclosing critical audit matters (CAMs) on audit effort, investor scrutiny, and investment efficiency. Both auditors and investors can prevent bad investments by examining financial reports for misstatements in investment value. Investment efficiency depends on the investor's access to information. The disclosure of CAMs helps investors evaluate investment risk and gauge auditor effort, enabling investors to adjust scrutiny, potentially influencing auditor effort. We discuss when and why CAMs disclosure can increase or decrease audit effort, investor scrutiny, and investment efficiency. Our analysis has empirical and policy implications.
Article
Green & Sustainable Science & Technology
Ikenna Elias Asogwa
Summary: This research examines the adoption of sustainability reporting (SR) in NGOs in a developing country context. It finds that attracting donations is a key motivator for SR adoption, rather than demonstrating impact through efficiency, effectiveness, and accountability. Stakeholder pressure, legitimacy, donor dependence, accountability, and media exposure are major drivers of SR adoption, while cultural factors, lack of assurance, and unsupportive government policy present challenges.
JOURNAL OF CLEANER PRODUCTION
(2023)
Article
Energy & Fuels
Zbyslaw Dobrowolski
Summary: This study highlights the importance of innovation in the energy sector for the development of management science and practical benefits for practitioners. It also identifies further research directions in this area.
Article
Energy & Fuels
Zbyslaw Dobrowolski, Grzegorz Drozdowski
Summary: This article explores the universality of net present value (NPV) as a financial metric and proposes a modified NPV formula to evaluate energy firms in emerging markets. The study finds that the variable discount rate influences the time value of money and suggests the need for redefining the NPV formula. This research contributes to financial planning and risk management and provides insights for analysis in other energy sectors.
Article
Energy & Fuels
Zbyslaw Dobrowolski, Lukasz Sulkowski
Summary: This paper addresses the lack of understanding in the development of the Business Model Canvas in the energy sector by proposing modifications and additions to capture the unique aspects of energy enterprises. The study contributes to entrepreneurship theory by providing an original definition of a business model and emphasizing the importance of accountability in firms' everyday businesses. Future research avenues in the energy sector are also highlighted, along with a valuable planning tool for practitioners.
Article
Energy & Fuels
Zbyslaw Dobrowolski, Lukasz Sulkowski, Wieslaw Danielak
Summary: This article analyzes the European Union management system of batteries and accumulators and finds that public institutions in Poland were not fully prepared to create an effective oversight system on managing batteries and accumulators, potentially impacting the reliability of the EU's reporting on battery and accumulator management. Additionally, the study contributes to developing a theory of energy resource management and further understanding the comprehensive management system of waste batteries and accumulators.
Article
Environmental Sciences
Zbyslaw Dobrowolski, Grzegorz Drozdowski, Mirela Panait
Summary: Research suggests that Gen Z representatives have similar professional motivations and competencies as young people in other countries. However, ethical issues are not the most important for them. The presence of Gen Z in the labor market will result in a shift in organizational activities, requiring a reconfiguration of human resource management principles to fully benefit from their strengths.
INTERNATIONAL JOURNAL OF ENVIRONMENTAL RESEARCH AND PUBLIC HEALTH
(2022)
Article
Energy & Fuels
Zbyslaw Dobrowolski, Grzegorz Drozdowski, Mirela Panait, Simona Andreea Apostu
Summary: This study presents a modified WACC formula that takes into account the unstable market circumstances and explores the relationship between WACC and interest rate. It provides a valuable tool for companies from different sectors, particularly those in the energy sector, in their business planning.
Article
Mathematics
Simona Andreea Apostu, Mirela Panait, Laszlo Vasa, Constanta Mihaescu, Zbyslaw Dobrowolski
Summary: This paper examines the relationship between NFTs and cryptocurrencies and finds correlations between NFTs and Ethereum, Ethereum and Crypto Coin, and Bitcoin and Ethereum. The results are beneficial for cryptocurrency and NFT issuers, as well as investors adjusting their portfolios in the financial market.
Article
Economics
Zbyslaw Dobrowolski, Lukasz Sulkowski, Mirela Panait
Summary: This study investigates the role of supreme audit institutions (SAIs) in reducing negative social capital through qualitative and quantitative research methods. The findings reveal that although SAIs claim to be effective in combating corruption, they fail to achieve this goal in practice. This study contributes to a better understanding of state governance and socio-economic issues, and is valuable for practitioners.
MONTENEGRIN JOURNAL OF ECONOMICS
(2022)
Article
Management
Zbyslaw Dobrowolski, Lukasz Sulkowski, Peter Adamisin
Summary: The auditing of organizations' activities is crucial for guiding top management decisions and identifying future changes and threats. This study focuses on lean auditing and aims to identify waste types in auditing and formulate the principles of lean auditing. The research findings reveal that internal auditors have limited knowledge about the lean concept in audit processes, but recognize the benefits of using lean principles. The development of a lean auditing model through this research can enhance the audit process, particularly in the context of innovation ecosystems.
MARKETING AND MANAGEMENT OF INNOVATIONS
(2022)
Article
Green & Sustainable Science & Technology
Zbyslaw Dobrowolski, Grzegorz Drozdowski, Mirela Panait, Arkadiusz Babczuk
Summary: This study investigates the suitability of Economic Value Added (EVA) as a value metric in the energy sector and finds that the existing formula does not accurately reflect the limitations of emerging markets and may lead to incorrect managerial decisions. Therefore, it is necessary to modify the EVA formula and propose a universal solution tailored to unstable economies.
Article
Business, Finance
Zbyslaw Dobrowolski, Grzegorz Drozdowski, Jozef Ledzianowski
Summary: In the turbulent business environment, competency mismatches in European Union firms have become noticeable. This study found that employees are passive in identifying their competency needs and firms are not using the weak signals methodology to eliminate competency niches. It is suggested that firms should be more active in analyzing early signs to identify employee competency niches.
Article
Energy & Fuels
Zbyslaw Dobrowolski
Summary: This article analyses the local energy safety system in Poland and finds that flawed local government operations can reduce local energy security, while State authorities may not properly recognize the weaknesses of the local energy safety system. The findings contribute to the development of energy safety theory and further studies in a global context.
Proceedings Paper
Business
Zbyslaw Dobrowolski, Lukasz Sulkowski
EDUCATION EXCELLENCE AND INNOVATION MANAGEMENT: A 2025 VISION TO SUSTAIN ECONOMIC DEVELOPMENT DURING GLOBAL CHALLENGES
(2020)
Article
Business
Zbyslaw Dobrowolski
ENTREPRENEURSHIP AND SUSTAINABILITY ISSUES
(2020)
Article
Economics
Marie-Louise Arlt, David Chassin, Claudio Rivetta, James Sweeney
Summary: This paper examines the impact of real-time pricing and load automation on residential distribution systems. The study finds that implementing real-time pricing can result in an aggregate welfare gain of 39 USD per customer and year. However, it also notes that RTP and load automation may significantly increase peak system load. Introducing a market-based demand management system can further enhance welfare gains and reduce grid investment.
Article
Economics
Javier Jorquera-Copier, Alvaro Lorca, Enzo Sauma, Stefan Lorenczik, Matias Negrete-Pincetic
Summary: As countries update their climate ambitions, low-carbon hydrogen production and use present opportunities for emissions reductions and economic development. A case study for Chile shows that integrating hydrogen and electricity networks can lower system costs and enhance renewable integration, but policy support is needed to address concerns related to water and land use.
Article
Economics
Dawit Guta, Hisham Zerriffi, Jill Baumgartner, Abhishek Jain, Sunil Mani, Darby Jack, Ellison Carter, Guofeng Shen, Jennifer Orgill-Meyer, Joshua Rosenthal, Katherine Dickinson, Rob Bailis, Yuta Masuda
Summary: Household solid fuel use is detrimental to health and the environment. The Indian government's PMUY subsidy has successfully promoted the adoption of LPG by millions of households. However, there is limited understanding of the decision-making process to reduce solid fuel use after transitioning to cleaner fuels. This study found that factors such as household wealth, social status, education level, and the prevalence of LPG use in the village are positively associated with LPG consumption and the discontinuation of solid fuel use. On the other hand, factors such as distance to LPG refill delivery, household size, and the PMUY subsidy are negatively associated with the share of LPG use.
Article
Economics
Nicolas Morell-Dameto, Jose Pablo Chaves-Avila, Tomas Gomez San Roman, Pablo Duenas-Martinez, Tim Schittekatte
Summary: This paper assesses the performance of differently implemented forward-looking network tariff designs and proposes an innovative coordination mechanism to increase predictability in a future with many flexible customers. The study reveals that if large shares of customers synchronize their responses to highly time-varying and locational-specific network charges, it can lead to unexpected reinforcements.
Article
Economics
Alexandra Gritz, Guntram Wolff
Summary: Russia's weaponization of gas supplies shook the energy security of Central and Eastern Europe in 2022. The region responded by increasing alternative energy supplies and developing new gas supply routes. Renewable energy, nuclear energy, and hydrogen play important roles in the long-term. Mitigating the impact of this shock requires the EU to prioritize the integrity of its energy market.
Article
Economics
Jaroslaw Kantorowicz, Marion Collewet, Matthew DiGiuseppe, Hendrik Vrijburg
Summary: Economic costs are a major political obstacle to investing in climate change mitigation and adaptation measures. The method of financing plays a crucial role in determining public opposition to government green investments, with debt financing being less opposed than broad-based taxes. This study suggests that credit market tools, such as green bonds and debt for climate swaps, can be politically efficient in increasing support for green financing. Carbon taxes and wealth taxes are found to be the most preferred options.
Article
Economics
Kun Guo, Liyuan Luan, Xiaoli Cai, Dayong Zhang, Qiang Ji
Summary: This paper investigates China's energy trade stability using a survival analysis approach. It finds that the energy trade linkages between China and 153 other countries are complex and unstable, with short periods of trade with many countries. Geopolitically risky regions, such as the Middle East and Africa, have the lowest trade stability. Climate risks have significant effects on energy trade stability. The paper proposes several policy options to improve energy trade stability in China, with special attention to increasing global climate risks.
Article
Economics
Simona Bigerna, Piyush Choudhary, Nikunj Kumar Jain, Silvia Micheli, Paolo Polinori
Summary: This study estimates the willingness to pay of Indian urban consumers for a continuous supply of electricity using contingent valuation method. The findings show that the amount consumers are willing to pay depends on the duration of power outages, with households preferring shorter outages. Income and environmental attitude also positively influence higher willingness to pay. These insights can inform policymakers in designing more reliable and customer-centric energy generation and distribution models.
Article
Economics
Temilade Sesan, Unico Uduka, Lucy Baker, Okechukwu Ugwu, Ewah Eleri, Subhes Bhattacharyya
Summary: This study examines the impact of the regulatory framework on rural electrification and universal energy access goals in Nigeria's mini-grid sector. The findings suggest that while the current framework has fostered sector growth, additional measures are necessary to ensure equitable distribution of access among rural populations.
Article
Economics
Rui Shan, Noah Kittner
Summary: Energy storage is a cornerstone in decarbonization planning as it reduces operational costs and greenhouse gas emissions, while enhancing resilience and renewables integration. However, storage developers in different regions have varying economic and environmental considerations, thereby requiring policy intervention to achieve long-term emission reductions.
Article
Economics
Tung Durmaz, Sevil Acar, Simay Kizilkaya
Summary: This study investigates the phenomenon of strategic capacity withholding in the Turkish electricity market and its relationship with the capacity remuneration mechanism. The empirical results provide strong evidence of strategic capacity withholding and show that the capacity mechanism contributes to the duration of failures. The study offers important insights for policymakers, including the implementation of a random verification mechanism and restructuring of the capacity mechanism in Turkey.
Article
Economics
Tii N. Nchofoung
Summary: The study finds that oil price shocks have a negative impact on Africa's energy transition, particularly in rural areas and net crude oil exporting countries. However, oil price shocks cannot explain the urban-rural differences in clean energy access. Therefore, increasing investment in clean energy and technologies in rural areas is necessary to enhance the resilience of the energy sector to oil price shocks.
Article
Economics
Najia Saqib, Muhammad Usman, Ilhan Ozturk, Arshian Sharif
Summary: This study examines the impact of environmental technologies, financial growth, and energy use on ecological footprint and green growth. Environmental innovation and renewable energy deployment contribute to green growth, while financial expansion and non-renewable energy use have negative effects on the environment. The study also identifies causal relationships between different factors.
Article
Economics
Yessica C. Y. Chung, Noxolo Kunene, Hung-Hao Chang
Summary: The Renewable Energy Certificate (REC) is considered an innovative technology for building a green society. This study investigates the impact of REC purchases on stock return and volume in Taiwan between 2017 and 2021. The findings suggest that REC purchases have a positive effect on stock returns of manufacturing firms but not service firms. The frequency of REC purchases is also an important factor in the relationship between REC purchase and firm value. Additionally, the study reveals that public attention to environmental pollution plays a crucial role in positive stock returns and volume, while ESG disclosure is negatively associated with returns and volume.
Article
Economics
Seife Ayele, Wei Shen, Yacob Mulugetta, Tadesse Kuma Worako
Summary: This paper addresses the challenges of governing energy procurement from a mix of non-hydropower renewable energy sources supplied by independent producers. Building on political economy analysis and five case studies of independent producer projects from Ethiopia, it seeks to understand the root causes of the protracted delays and limited extent of procurement by independent producers. The key contestations lie in managing long term contracts, risk, uncertainty and in developing the institutional and human capacity to transition.
