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Records with Type: Published Article
Showing records 31309 to 31333 of 43292. [First] Page: 1 1250 1251 1252 1253 1254 1255 1256 1257 1258 Last
31309. LAPSE:2023.7824
Overview of Natural Gas Boiler Optimization Technologies and Potential Applications on Gas Load Balancing Services
February 24, 2023 (v1)
Subject: Energy Systems
Keywords: consumption minimization, demand response, domestic gas boiler, Energy Efficiency, gas balancing, integrated demand response
Natural gas is a fossil fuel that has been widely used for various purposes, including residential and industrial applications. The combustion of natural gas, despite being more environmentally friendly than other fossil fuels such as petroleum, yields significant amounts of greenhouse gas emissions. Therefore, the optimization of natural gas consumption is a vital process in order to ensure that emission targets are met worldwide. Regarding residential consumption, advancements in terms of boiler technology, such as the usage of condensing boilers, have played a significant role in moving towards this direction. On top of that, the emergence of technologies such as smart homes, Internet of Things, and artificial intelligence provides opportunities for the development of automated optimization solutions, which can utilize data acquired from the boiler and various sensors in real-time, implement consumption forecasting methodologies, and accordingly provide control instructions in order... [more]
31310. LAPSE:2023.7823
Energy Analysis and Cost-Effective Design Solutions for a Dual-Source Heat Pump System in Representative Climates in Europe
February 24, 2023 (v1)
Subject: Modelling and Simulations
Keywords: dual-source heat pump, dynamic simulation in TRNSYS, energy assessment, ground-source heat exchanger, renewable heating and cooling
Ground-source heat pumps are an efficient technology for heating and cooling in buildings. However, the main limitation of their widespread application is the borehole heat exchanger’s (BHE) high investment cost. Hybridizing GSHP systems may overcome this limitation. This research work analyzes the long-term energy performance of a dual-source heat pump (DSHP) system, which uses the air or the ground as external heat/sink sources, in three representative European climates. First, a BHE cost-effective design solution is proposed for each climatology; then, a complete energy analysis is carried out, and the optimal source control parameters that best enhance the system performance in each climate are determined with the use of a complete dynamic model of the DSHP system developed in TRNSYS. Simulations were carried out for a 25-year operation period. Results show that the DSHP maintains the efficiency during the simulated period, with deviations lower than 1.7% in all cases. Finally, the... [more]
31311. LAPSE:2023.7822
State-Partial Accurate Voltage Fault Prognosis for Lithium-Ion Batteries Based on Self-Attention Networks
February 24, 2023 (v1)
Subject: Energy Systems
Keywords: battery systems, electric vehicles, fault prognosis, self-attention mechanism, voltage prediction
Multiple faults in new energy vehicle batteries can be diagnosed using voltage. To find voltage fault information in advance and reduce battery safety risk, a state-partitioned voltage fault prognosis method based on the self-attention network is proposed. The voltage data are divided into three parts with typical characteristics according to the charging voltage curve trends under different charge states. Subsequently, a voltage prediction model based on the self-attention network is trained separately with each part of the data. The voltage fault prognosis is realized using the threshold method. The effectiveness of the method is verified using real operating data of electric vehicles (EVs). The effects of different batch sizes and window sizes on model training are analyzed, and the optimized hyperparameters are used to train the voltage prediction model. The average error of predicted voltage is less than 2 mV. Finally, the superiority and robustness of the method are verified.
31312. LAPSE:2023.7821
Simulation and Techno-Economic Assessment of Hydrogen Production from Biomass Gasification-Based Processes: A Review
February 24, 2023 (v1)
Subject: Environment
Keywords: biomass gasification, economic feasibility, environmental benefits, hydrogen production, mathematical modelling
The development of low-carbon fuels from renewable resources is a key measure to reduce carbon dioxide emissions and mitigate climate change. Biomass gasification with subsequent gas processing and purification is a promising route to produce low-carbon hydrogen. In the past decade, simulation-based modelling using Aspen Plus software has supported the investigation of future potential industrial applications of this pathway. This article aims to provide a review of the modelling and economic assessment of woody biomass gasification-based hydrogen production, with focus on the evaluation of the model accuracy in predicting producer gas composition in comparison with experimental data depending on the approach implemented. The assessment of comprehensive models, which integrate biomass gasification with gas processing and purification, highlights how downstream gas processing could improve the quality of the syngas and, thus, the hydrogen yield. The information in this article provides... [more]
31313. LAPSE:2023.7820
Design of Ventilation Systems in a Single-Family House in Terms of Heating Demand and Indoor Environment Quality
February 24, 2023 (v1)
Subject: Environment
Keywords: building, CO2 concentration, energy simulation, Optimization, single-family house, thermal comfort, ventilation
In buildings with good-quality thermal insulation of external partitions, the main component of the building’s heat balance is the heat demand for ventilation. The reduction of this energy demand cannot be achieved at the expense of thermal comfort of the occupants and indoor air quality. The aim of this article is to analyze the impact of various ventilation strategy (natural and mechanical) on heating demand, thermal comfort, and CO2 concentration in a single-family house located in Poland. The benefits of using fans integrated with the earth tube were tested. The study was based on the numerical energy simulation of a multi-zone building model for the entire calendar year. Contam, EnergyPlus, and Python programs were used to perform calculations. The thermal model was validated on the results of temperature measurements in the building. To obtain the best solutions, the parameters of the systems considered have been optimized with the use of genetic algorithms. Various optimal param... [more]
31314. LAPSE:2023.7819
A New Ice Quality Prediction Method of Wind Turbine Impeller Based on the Deep Neural Network
February 24, 2023 (v1)
Subject: Numerical Methods and Statistics
Keywords: deep neural network, ice quality (or ice mass), modal test, natural frequency, wind turbine impeller
More and more wind turbines are installed in cold regions because of better wind resources. In these regions, the high humidity and low temperatures in winter will lead to ice accumulation on the wind turbine impeller. A different icing location or mass will lead to different natural frequency variations of the impeller. In order to monitor the icing situation in time and in advance, a method based on depth neural network technology to predict the icing mass is explored and proposed. Natural-environment icing experiments and iced-impeller modal experiments are carried out, aiming at a 600 W wind turbine, respectively. The mapping relationship between the change rate of the natural frequency of the iced impeller at different icing positions and the icing mass is obtained, and the correlation coefficients are all above 0.93. A deep neural network (DNN) prediction model of ice-coating quality for the impeller was constructed with the change rate of the first six-order natural frequencies... [more]
31315. LAPSE:2023.7818
Experimental Study on Heat Transfer Characteristics of Two-Phase Flow in Square and Rectangular Channels
February 24, 2023 (v1)
Subject: Energy Systems
Keywords: gas–liquid two-phase flow, heat transfer characteristics, rectangular channel, square channel
Two-phase flow in non-circular cross-section flow channels such as micro-heat sinks and micro-channel heat exchangers has received extensive attention due to its heat-enhancing properties. In this paper, under the boundary of constant heat flux, an experimental investigation of the heat transfer properties of gas−liquid two-phase flow in horizontal channels with cross-sections of 4 × 4 mm and 8 × 3 mm is carried out using air and water as working fluids. The effects of different inlet gas and liquid inlet Reynolds numbers on the wall temperature and Nusselt number are discussed. The results show that the effects of the liquid Reynolds number and the gas phase Reynolds number on the heat transfer coefficient of the square tube and the rectangular tube are different. Under the same gas−liquid Reynolds number, the Nusselt number of the gas−liquid two-phase flow in the square-section tube can be increased by 3.2 times compared with that in the single-phase flow, while the Nusselt number of... [more]
31316. LAPSE:2023.7817
Traffic Signal Optimization to Improve Sustainability: A Literature Review
February 24, 2023 (v1)
Subject: Modelling and Simulations
Keywords: emissions, fuel consumption, objective function, operating conditions, sustainability saving, traffic signal optimization, traffic simulation
Optimizing traffic signals to improve traffic progression relies on minimizing mobility performance measures (e.g., delays and stops). However, delay and stop minimizations do not necessarily lead to minimal sustainability measures (e.g., fuel consumption and emissions). For that reason, researchers have focused, for decades, on integrating traffic models, signal optimization models, and fuel consumption and emissions models to minimize sustainability metrics while keeping acceptable levels of mobility metrics. Therefore, this paper reviews, classifies, and analyzes studies found in the literature regarding optimizing sustainable traffic signals. This paper provides researchers with a good starting point to further develop solutions which can address sustainable traffic control. To achieve that, this study details the most notable sustainable signal timing optimization studies from six perspectives: traffic models, fuel consumption and emissions models, optimization methods, objective... [more]
31317. LAPSE:2023.7816
Improving the Reliability of an Electric Power System by Biomass-Fueled Gas Engine
February 24, 2023 (v1)
Subject: Energy Systems
Keywords: Biomass, contingency, gas engine, probabilistic load flow, reliability systems
This paper shows a practice to raise the reliability of an electric power system by the installation of distributed generation, taking gasified biomass as fuel. To calculate the reliability index, a probabilistic load flow was used. This index is determined as the fault probability of the system. The resolution of this probabilistic load flow combines the method of cumulants and Gram−Charlier expansion. To achieve the reliability index, simulating a number of contingencies is required; the greater the number of simulated contingencies, the higher the accuracy of the index obtained. This probabilistic technique uses the random variables as starting information, so the two generators and loads are simulated as random variables. The generators of this distributed generation are biomass-fueled gas engines, commonly found in Spain. The simulations carried out on the IEEE 14-bus Test System, including three biomass generators, show that the inclusion of this type of generation improves the o... [more]
31318. LAPSE:2023.7815
Performance Analysis of Thermal Image Processing-Based Photovoltaic Fault Detection and PV Array Reconfiguration—A Detailed Experimentation
February 24, 2023 (v1)
Subject: Process Control
Keywords: image processing, mean, MOSFET, photovoltaics, reconfiguration, standard deviation
Due to the flexibility, sustainability, affordability, and ease of installation of solar photovoltaic systems, their use has significantly increased over the past two decades. The performance of a solar PV system can be constrained by a variety of external conditions, including hotspots, partial shade, and other minor faults. This causes the PV system to permanently fail and power losses. The power output in a partially shaded solar system is improved in this work by the introduction of a fault classifier based on thermal image analysis with a reconfiguration algorithm. For that purpose, the entire PV array is divided into two parts, with one of these being the male part and the other being the female part. MOSFET switches are used to build the switching matrix circuit that connects these parts. The Flir T420bx thermal camera captures thermal pictures, and MATLAB/Simulink® is used to extract the image properties. The pairing reconfiguration pattern is found using an algorithm based on... [more]
31319. LAPSE:2023.7814
WSPRT Methods for Improving Power System Automation Devices in the Conditions of Distributed Generation Sources Operation
February 24, 2023 (v1)
Subject: Process Control
Keywords: automatic frequency load shedding device, automatic power quality control device, automatic transformer disconnect switch, logic block, power system automation, Wald sequential probability ratio test
The trend towards the decentralization and decarbonization of the energy sector stimulates the adoption of generation facilities based on renewable energy sources (RES) and distributed generation (DG) facilities that utilize secondary energy resources. Operation features of DG facilities, such as a high speed of electromechanical transient processes and significant deviations of power quality indicators from standard values, require improvement and an increase in the speed of automation devices. Modern electroautomatic devices must determine the operating regions (normal and emergency) and adapt the operation algorithms to the conditions of the current mode. The study presented proposes methods developed to use the Wald Sequential Probability Ratio Test (WSPRT) to improve the reliability and efficiency of the power system automation devices. The paper provides examples of using WSPRT in the devices of automatic frequency load shedding, automatic transformer disconnection, and power qua... [more]
31320. LAPSE:2023.7813
Characterization of Fluid Flow and Heat Transfer of Expanded Metal Meshes for Catalytic Processes
February 24, 2023 (v1)
Subject: Modelling and Simulations
Keywords: CFD modelling, expanded metal mesh, flow resistance, heat transfer, structured reactor
In this work, three raised expanded metal meshes (EMMs) differing in mesh size were tested experimentally with regard to their flow and transport properties. Empirical equations for the Nusselt number and Fanning friction factor were developed. Alongside the experiments, simple computational fluid dynamics (CFD) models were used to simulate the pressure drop and heat transfer coefficients within EMMs. Finally, the Performance Efficiency Criterion (PEC) was applied to compare EMMs with other reactor packings.
31321. LAPSE:2023.7812
Research on Performance Optimization of Gravity Heat Pipe for Mine Return Air
February 24, 2023 (v1)
Subject: Optimization
Keywords: entransy dissipation thermal resistance, gravity heat pipe, heat exchange unit, heat transfer, mine return air, parameter optimizing, waste heat resource
The mine return air flow has the characteristics of basically constant temperature and humidity all year round and is a high-quality waste heat resource. Its direct discharge not only wastes energy but also causes environment pollution. It has important economic value and application prospect to solve the problem of shaft antifreeze using new technology to recover the waste heat of mine return air. Gravity heat pipe is widely used in the heat recovery of mine return air. Its heat transfer process is a complex process with multiple parameters. The current research focuses on the influence of a single factor on heat transfer, which has many limitations. To analyze the effects of different parameters on the heat recovery effect of gravity heat pipe in mine return air and to optimize heat pipe heat exchanger parameters in the heat exchange system, mathematical models of gas−water countercurrent heat and mass transfer, entransy dissipation and exergy efficiency were established in this pape... [more]
31322. LAPSE:2023.7811
Pore Characteristics and Influencing Factors of Marine and Lacustrine Shale in the Eastern Sichuan Basin, China
February 24, 2023 (v1)
Subject: Energy Systems
Keywords: lacustrine shale, marine shale, pore structure, shale gas, shale reservoirs
Although almost all the shale gas in China is exploited from marine shale (Wufeng−Longmaxi Formation) in Sichuan Basin and several prolific wells, it has also been obtained in Jurassic lacustrine shale. However, the reservoir conditions of the lacustrine shale are not well understood, which has impeded a breakthrough regarding lacustrine shale gas in Sichuan Basin. To probe the reservoir conditions of the lacustrine shale in Sichuan Basin, we take the Wufeng−Longmaxi shale and Dongyuemiao shale sampled from wells and outcrops as examples. A series of experiments were conducted, including TOC, XRD, FE-SEM, N2 adsorption, Micro-CT, vitrinite reflectance and bitumen reflectance. The results show that the pores in marine shale are mainly composed of organic-matter-hosted pores (OM pores). However, in the lacustrine shale, the pores are mainly composed of dissolution pores and intergranular pores. The marine shale is characterized by small-caliber and large-volume pores in which cluster por... [more]
31323. LAPSE:2023.7810
Research on the Application of Uncertainty Quantification (UQ) Method in High-Voltage (HV) Cable Fault Location
February 24, 2023 (v1)
Subject: Modelling and Simulations
Keywords: fault location, high-voltage cable, Monte Carlo simulation (MCS), polynomial chaos expansion (PCE), uncertainty quantification, univariate dimension reduction method (UDRM)
In HV cable fault location technology, line parameter uncertainty has an impact on the location criterion and affects the fault location result. Therefore, it is of great significance to study the uncertainty quantification of line parameters. In this paper, an impedance-based fault location criterion was used for an uncertainty study. Three kinds of uncertainty factors, namely the sheath resistivity per unit length, the equivalent grounding resistance on both sides, and the length of the cable section, were taken as random input variables without interaction. They were subject to random uniform distribution within a 50% amplitude variation. The relevant statistical information, such as the mean value, standard deviation and probability distribution, of the normal operation and fault state were calculated using the Monte Carlo simulation (MCS) method, the polynomial chaos expansion (PCE) method, and the univariate dimension reduction method (UDRM), respectively. Thus, the influence of... [more]
31324. LAPSE:2023.7809
Numerical Analysis of Induced Steady Flow on a Bus
February 24, 2023 (v1)
Subject: Modelling and Simulations
Keywords: aerodynamic analysis, bus, drag reduction, large eddy simulation, side-view mirrors
Buses are large vehicles with the primary goal of carrying as many passengers as possible while maintaining a comfortable interior and an economical driving cycle. With various adjustments, small changes can add up to significant energy savings. This study investigates the issue of whether there is a scenario in which the enormous power demand needed for the operation of buses can be reduced by some amount. Large eddy simulation was used for this analysis, which was carried out using commercially available software. The external unit was located on the front and rear ends of the roof of the bus, as well as in the rear. The findings suggest that the current position of the unit can be improved, and the aerodynamic losses can be increased or decreased, depending on the position of the induced flow.
31325. LAPSE:2023.7808
Reducing CO2 Emissions from Wastewater Treatment Plants by Utilising Renewable Energy Sources—Case Study
February 24, 2023 (v1)
Subject: Energy Systems
Keywords: CO2 emission reduction, cogeneration, GHG, solar energy, wastewater treatment plant
The European Parliament’s climate and energy policy, which aims to cut greenhouse gas emissions by 2030 considerably, imposes on Member States the duty to develop National Action Plans (NAPs), which determine the percentage of renewable energy sources (RES) in gross energy consumption. Poland assumed a percentage of renewable energy sources in gross energy consumption of 21−23% in the NREAP. In 2020, Poland’s utilisation of renewable energy sources was 16.2% (22nd among EU nations), which was lower than the European average. The municipal sector, particularly sewage treatment facilities, can undoubtedly contribute to an increase in renewable energy generation and utilisation. Wastewater and sewage sludge are excellent sources of heat and energy in the methane fermentation process, and the sewage treatment plant area is perfect for solar panel installation. The article is a case study that presents the possibility of decreasing CO2 emissions from wastewater treatment facilities by 45,00... [more]
31326. LAPSE:2023.7807
Method Construction and Evaluation: A More Comprehensive and Reliable Classification of Coal Mine Gas Explosion Causes
February 24, 2023 (v1)
Subject: Energy Systems
Keywords: 24Model, accident cause classification, coal mine gas explosion, consistency, validity
Coal is an important fossil fuel energy that occupies a high position in the energy use of China and even the world. However, gas explosions are still the deadliest coal mine accident in China, which has long plagued the safety of energy mining. Only through accident cause analysis can we know the exact cause of the accident so as to make targeted policies, safety trainings, etc. However, the lack of detailed accident cause classification in current coal mine gas explosion accidents affects the comprehensiveness and accuracy of energy mining safety strategies. Therefore, in this study, a classification method for coal mine gas explosion accident causes based on the sixth edition 24Model and the three-element classification of gas explosions was proposed. Then, the consistency and validity of the newly established classification system were evaluated based on the three indicators, i.e., observer consistency, content validity, and criterion validity, and the performance of the classifica... [more]
31327. LAPSE:2023.7806
Short-Term Electricity Price Forecasting Based on the Two-Layer VMD Decomposition Technique and SSA-LSTM
February 24, 2023 (v1)
Subject: Energy Management
Keywords: electricity price forecasting, hybrid model, long short-term memory networks, sparrow search algorithm, two-layer variational modal decomposition
Accurate electricity price forecasting (EPF) can provide a necessary basis for market decision making by power market participants to reduce the operating cost of the power system and ensure the system’s stable operation. To address the characteristics of high frequency, strong nonlinearity, and high volatility of electricity prices, this paper proposes a short-term electricity price forecasting model based on a two-layer variational modal decomposition (VMD) technique, using the sparrow search algorithm (SSA) to optimize the long and short-term memory network (LSTM). The original electricity price sequence is decomposed into multiple modal components using VMD. Then, each piece is predicted separately using an SSA-optimized LSTM. For the element with the worst prediction accuracy, IMF-worst is decomposed for a second time using VMD to explore the price characteristics further. Finally, the prediction results of each modal component are reconstructed to obtain the final prediction resu... [more]
31328. LAPSE:2023.7805
Preparation and Applications of Rare-Earth-Doped Ferroelectric Oxides
February 24, 2023 (v1)
Subject: Materials
Keywords: ferroelectrics, rare earth, thin films, upconversion luminescence
Ferroelectric oxides possess abundant fascinating physical functionalities, such as electro-optic, acousto-optic, and nonlinear optical characteristics, etc. However, most pristine ferroelectric oxides exhibit no efficient luminescent properties due to the indirect and wide bandgap. Rare-earth-doped phosphors demonstrate advantages such as sharp emission bandwidths, large Stokes shift, high photonstability, and low toxicity. The combination of rare-earth ions and ferroelectric oxides has shown great potential in optical sensing, lighting, solar cells, and other applications. Rare-earth-doped ferroelectric oxides exhibit efficient upconversion or downconversion luminescence in the range of ultraviolet (UV) to near-infrared (NIR) regions. In this article, the preparation process of rare-earth-doped ferroelectric oxides and the preparation methods of thin films are introduced. Their recent applications in optical sensing, lighting, and solar cells are highlighted. The review concludes wit... [more]
31329. LAPSE:2023.7804
Optimizing Current Profiles for Efficient Online Estimation of Battery Equivalent Circuit Model Parameters Based on Cramer−Rao Lower Bound
February 24, 2023 (v1)
Subject: Energy Systems
Keywords: battery equivalent circuit model, battery internal resistance, battery management system, Cramer–Rao lower bound, least squares estimation
Battery management systems (BMS) are important for ensuring the safety, efficiency and reliability of a battery pack. Estimating the internal equivalent circuit model (ECM) parameters of a battery, such as the internal open circuit voltage, battery resistance and relaxation parameters, is a crucial requirement in BMSs. Numerous approaches to estimating ECM parameters have been reported in the literature. However, existing approaches consider ECM identification as a joint estimation problem that estimates the state of charge together with the ECM parameters. In this paper, an approach is presented to decouple the problem into ECM identification alone. Using the proposed approach, the internal open circuit voltage and the ECM parameters can be estimated without requiring the knowledge of the state of charge of the battery. The proposed approach is applied to estimate the open circuit voltage and internal resistance of a battery.
31330. LAPSE:2023.7803
The Impact of the COVID-19 Pandemic on the Volume of Fuel Supplies to EU Countries
February 24, 2023 (v1)
Subject: Energy Systems
Keywords: coronavirus, COVID-19, energy economics and management, fuel, fuel supplies, transport, UE
The COVID-19 pandemic is undoubtedly a destructive factor, strongly affecting the economic fields. From the perspective of the countries affected by the pandemic, almost all sectors of the economy saw declines in economic indicators. First, the lockdown and its social consequences contributed to this. The increasing time perspective since the outbreak of the COVID-19 pandemic implies increasingly more studies analyzing its impact on various economic spheres. The aim of the research is to determine the difference in the level of fuel supplies between a pandemic situation and a situation where a pandemic would not occur. We assumed that the pandemic is a determinant of the decline in fuel supplies. The subjects of the analysis were the following fuels: kerosene-type jet fuel, gas oil and diesel oil, motor gasoline, and oil products. The countries of the European Union were analyzed. Monthly data from 2015−2021 provided by Eurostat were used for the analyses. The forecasts for 2020−2021 w... [more]
31331. LAPSE:2023.7802
Experimental Investigation of Overdischarge Effects on Commercial Li-Ion Cells
February 24, 2023 (v1)
Subject: Energy Systems
Keywords: abuse test, battery safety, Energy Storage, lithium-ion batteries, overdischarge
Due to their attractive properties, such as high energy and power density, Lithium-ion batteries are currently the most suitable energy storage system for powering portable electronic equipment, electric vehicles, etc. However, they are still affected by safety and stability problems that need to be solved to allow a wider range of applications, especially for critical areas such as power networks and aeronautics. In this paper, the issue of overdischarge abuse has been addressed on Lithium-ion cells with different anode materials: a graphite-based anode and a Lithium Titanate Oxide (LTO)-based anode model. Tests were carried out at different depths of discharge (DOD%) in order to determine the effect of DOD% on cell performance and the critical conditions that often make the cell fail irreversibly. Tests on graphite anode cells have shown that at DOD% higher than 110% the cell is damaged irreversibly; while at DOD% lower than 110% electrolyte deposits form on the anodic surface and st... [more]
31332. LAPSE:2023.7801
Oil-Price Uncertainty and International Stock Returns: Dissecting Quantile-Based Predictability and Spillover Effects Using More than a Century of Data
February 24, 2023 (v1)
Subject: Numerical Methods and Statistics
Keywords: forecasting, international stock markets, oil price uncertainty, quantile regression
We investigate whether oil-price uncertainty helps forecast the international stock returns of ten advanced and emerging countries. We consider an out-of-sample period of August 1925 to September 2021, with an in-sample period between August 1920 and July 1925, and employ a quantile-predictive-regression approach, which is more informative relative to a linear model, as it investigates the ability of oil-price uncertainty to forecast the entire conditional distribution of stock returns Based on a recursive estimation scheme, we draw the following main conclusions: the quantile-predictive-regression approach using oil-price uncertainty as a predictor statistically outperforms the corresponding quantile-based constant-mean model for all ten countries at certain quantiles (capturing normal, bear, and bull markets), and over specific forecast horizons, compared to forecastability being detected for eight countries under the linear predictive model. Importantly, we detect forecasting gains... [more]
31333. LAPSE:2023.7800
Integrated Reporting and Value Relevance in the Energy Sector: The Case of European Listed Firms
February 24, 2023 (v1)
Subject: Numerical Methods and Statistics
Keywords: accounting information, energy sector, integrated reporting, listed firms, value relevance
Integrated reporting (IR) contains a lot of important information for firms, such as income, cash flows, risks, uncertainties, intellectual capital, social capital and environmental capital. Based on the relevant literature it is found that the adoption of integrated reporting affects the firms’ value in the short, medium and long term and, at the same time affects its environmental, social and governance performances. The aim of this paper is to analyze the impact of integrated reporting in European energy firms’ value relevance. To do so, the panel data concerning 38 European energy distribution listed firms are analyzed, using statistical and econometrical methods including OLS, WLS, fixed effects and random effects models. The paper’s main novelty is that it concerns a sector that plays a key role in the economic development of countries and, at the same time only a few studies are carried out concerning the examined subject in this sector. The research results have revealed that i... [more]
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