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Duong KD, Nguyen HTH, Truong PH, Le HTP. Investor attention and corporate social responsibility of family businesses in Vietnam: The moderating role of CEO overpower. PLoS One 2024; 19:e0306989. [PMID: 39028704 PMCID: PMC11259297 DOI: 10.1371/journal.pone.0306989] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [MESH Headings] [Grants] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Received: 11/21/2023] [Accepted: 06/26/2024] [Indexed: 07/21/2024] Open
Abstract
This study examines the influence of investor attention and Chief Executive Officers (CEOs) power on Corporate Social Responsibility (CSR) within Vietnamese family businesses. Unlike most of the past literature, this study further investigates the potential moderating effects of CEOs' power on the relationship between investor attention and CSR. Utilizing the dynamic system Generalized Method of Moments (GMM), this study analyzes a dataset comprising 116 Vietnamese family businesses from 2005 to 2020. The findings reveal an inverted U-shape between CEO power and CSR within family businesses; meanwhile, investor attention demonstrates a negative impact on CSR. Moreover, the results report that CEO power is a moderating factor in the relationship between investor attention and CSR. These results are consistent with various theoretical frameworks, including agency theory, overinvestment, career concern, career horizon, and conflict-resolution hypotheses. Finally, our study offers management implications to foster the sustainable development of CSR within family businesses, particularly within emerging markets.
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Affiliation(s)
- Khoa Dang Duong
- Faculty of Finance and Banking, Ton Duc Thang University, Ho Chi Minh City, Vietnam
| | - Hanh Thi Hong Nguyen
- Faculty of Business Administration, Ton Duc Thang University, Ho Chi Minh City, Vietnam
| | - Phuc Huu Truong
- School of Finance and International Business, Saxion University of Applied Sciences, Deventer, Netherlands
| | - Hoa Thanh Phan Le
- Faculty of Accounting and Auditing, Van Lang University, Ho Chi Minh City, Vietnam
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2
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Afridi SA, Ali SZ, Zahid RMA. Nurturing environmental champions: exploring the influence of environmental-specific servant leadership on environmental performance in the hospitality industry. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2024; 31:46281-46292. [PMID: 37697199 DOI: 10.1007/s11356-023-29690-4] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 06/13/2023] [Accepted: 08/30/2023] [Indexed: 09/13/2023]
Abstract
This study investigates the impact of environmental-specific servant leadership (ESSL) on environmental performance (EP) in the context of the hospitality industry. It further examines the mediating roles of environmental concern (EC) and employees' pro-social attitude (EPSA) in this relationship. Drawing on a sample of hospitality organizations, data was collected using self-report questionnaires from employees. Structural equation modeling (SEM) was employed to analyze the data and test the proposed model. The results demonstrate a positive and significant relationship between ESSL and EP in the hospitality industry. Furthermore, the study reveals that EC and EPSA play a mediating role in the relationship between ESSL and EP. The findings highlight the importance of ESSL in driving environmental performance and underscore the significance of fostering EC and EPSA among employees. Organizations can benefit from developing and nurturing ESSL leaders who inspire and motivate employees to embrace sustainability practices and contribute to a more environmentally responsible and sustainable industry.
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Affiliation(s)
- Sajjad Ahmad Afridi
- Department of Management Science, Hazara University Mansehra, Mansehra, Pakistan
| | - Sania Zaheer Ali
- Department of Management Sciences, Women University Swabi, Swabi, Pakistan
| | - R M Ammar Zahid
- School of Accounting, Yunnan Technology and Business University, Kunming, China.
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3
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Tahir SH, Ghafoor S, Zulfiqar M, Sajid MA, Illyas H. Navigating board dynamics: Configuration analysis of corporate governance's factors and their impact on bank performance. PLoS One 2024; 19:e0300283. [PMID: 38787827 PMCID: PMC11125541 DOI: 10.1371/journal.pone.0300283] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [MESH Headings] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Received: 12/07/2023] [Accepted: 02/24/2024] [Indexed: 05/26/2024] Open
Abstract
This research utilizes the fsQCA technique to investigate how a combination of corporate governance conditions or factors collectively influences the performance of banks. Examining key elements such as board size, busy directors, independent directors, CEO duality, and women on the board, the research employs data collected from the annual reports of 30 banks spanning from 2010 to 2020. The necessary condition analysis (NCA) underscores that no individual condition or factor is indispensable for the ultimate outcome. Nevertheless, the sufficiency analysis reveals distinct solutions, each representing a unique set of conditions or factors sufficient to generate the outcome. The study concludes that the relationship between corporate governance characteristics and bank performance is complex and multifaceted, with neither ROA nor ROE reliant on a singular input condition or factor. The theoretical contributions of the findings align with or partially support various theories and propositions within the realm of corporate governance. Notably, the application of fsQCA contributes to enhance the methodological understanding of corporate governance studies in existing literature.
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Affiliation(s)
- Safdar Husain Tahir
- Lyallpur Business School, Government College University, Faisalabad, Pakistan
| | - Sadeen Ghafoor
- School of Finance and Trade, Liaoning University, Liaoning, China
| | - Muhammad Zulfiqar
- Zhejiang Gongshang University, Hangzhou College of Commerce, Hangzhou, China
| | - Mushtaq A. Sajid
- Dean & Director Campus, Mohi-ud-Din Islamic University, Narian Sharif AJK, Tarar Khal, Pakistan
| | - Huma Illyas
- Lyallpur Business School, Government College University, Faisalabad, Pakistan
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4
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Ali S, Farooq M, Xiaohong Z, Hedvicakova M, Murtaza G. Board characteristics, institutional ownership, and investment efficiency: Evidence from an emerging market. PLoS One 2024; 19:e0291309. [PMID: 38324592 PMCID: PMC10849226 DOI: 10.1371/journal.pone.0291309] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [MESH Headings] [Grants] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Received: 06/25/2023] [Accepted: 08/27/2023] [Indexed: 02/09/2024] Open
Abstract
This study investigates the impact of board governance mechanism on investment efficiency (IE) in PSX-listed firms. The study also examines the role of institutional ownership (IO) in board-IE relationships. In addition, we extend our analysis to re-examine this relationship by splitting the sample into two groups, i.e., the introductory phase of corporate governance (CG) i.e., 2004 to 2013, and revised codes of CG (2014 to 2018) to examine the impact of these separately on IE. The sample data comprises 155 non-financial PSX-listed firms from 2004 to 2018. IE is measured using firms' growth opportunities. The random effect model is used to test the study's hypotheses. A robustness test is also performed to validate the study's findings. The paired-sample t-test results show a significant improvement in IE after revising the CG codes in 2012. According to the regression results, board size has a significant direct, whereas board diversity has a significant inverse effect on IE. Regarding moderating effect, IO was found to moderate the relationship between board independence and IE significantly. Furthermore, it was discovered that following the issuance of revised CG codes-2012, the level of board independence and diversity increased in PSX-listed firms; however, only diversity positively impacted IE, and board independence had no impact on IE from 2014 to 2018. Despite the issuance of revised CG codes-2012, the level of CG among PSX-listed firms is low, which is a source of concern for regulators such as the Securities and Exchange Commission of Pakistan.
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Affiliation(s)
- Shahid Ali
- School of Economics and Management, Anhui Polytechnic University, Wuhu, Anhui, China
| | - Muhammad Farooq
- Institute of Business Management & Administrative Sciences, The Islamia University of Bahawalpur, Bahawalpur, Punjab, Pakistan
| | - Zhou Xiaohong
- School of Economics and Management, Anhui Polytechnic University, Wuhu, Anhui, China
| | - Martina Hedvicakova
- Department of Economics, Faculty of Informatics and Management, University of Hradec Králové, Králové, Czech Republic
| | - Ghulam Murtaza
- Department of Commerce, The Islamia University of Bahawalpur, Bahawalpur, Punjab, Pakistan
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5
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Tang CH, Lee YH, Huang YL, Chang WT. CEO cultural background and overinvestment decisions: The north-south divide in China. PLoS One 2023; 18:e0288703. [PMID: 37967054 PMCID: PMC10651021 DOI: 10.1371/journal.pone.0288703] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [MESH Headings] [Grants] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Received: 05/05/2023] [Accepted: 07/03/2023] [Indexed: 11/17/2023] Open
Abstract
This study addresses an under-researched area in corporate behavior by examining the impact of a CEO's cultural background on corporate overinvestment decisions. We focus on the unique cultural dichotomy between northern and southern China as our context of study. Additionally, we scrutinize the interactions between a CEO's age and the type of company ownership in influencing overinvestment tendencies. Our aim is to enrich theoretical understanding of factors influencing corporate overinvestment, offering practical implications for businesses within and beyond China. By filling this gap in the literature, our study sheds light on the nuanced determinants of overinvestment decisions, aiding businesses in refining their investment strategies and governance mechanisms.
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Affiliation(s)
- Chia-Hsien Tang
- College of Accounting and Auditing, Guangxi University of Finance and Economics, Guangxi Accounting Research Institution (Research Institute for Applied Accounting Measurement Methods), Nanning, Guangxi, China
| | - Yen-Hsien Lee
- College of Business, Department of Finance, Chung Yuan Christian University, Taoyuan City, Taiwan
| | - Ya-Ling Huang
- Department of Golden-Ager Industry Management, Chaoyang University of Technology, Taichung, Taiwan
| | - Wen-Ting Chang
- College of Business, Department of Finance, Chung Yuan Christian University, Taoyuan City, Taiwan
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6
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Zahid RMA, Saleem A, Maqsood US. ESG performance, capital financing decisions, and audit quality: empirical evidence from Chinese state-owned enterprises. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:44086-44099. [PMID: 36681761 PMCID: PMC9867551 DOI: 10.1007/s11356-023-25345-6] [Citation(s) in RCA: 3] [Impact Index Per Article: 3.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 11/07/2022] [Accepted: 01/11/2023] [Indexed: 05/19/2023]
Abstract
We study the nexus between environmental, social, and governance (ESG) performance and corporate capital financing decisions. Further, we also analyze the effect of audit quality and type of ownership (state-owned enterprises (SOEs) vs non-state-owned enterprises (non-SOEs), local vs central SOEs in this relationship. By applying panel regression (fixed effects) on 6295 firm-year observations of Chinese A-listed enterprises data for 2010-2019, we conclude that firms' ESG information is crucial to their financing decisions. In particular, firms with superior ESG performance have lower debt financing. The findings suggest that enterprises with strong ESG performance have easy access to equity funding via stock markets. Further, this relationship is more pronounced in SOE compared to non-SOEs and in central SOEs compared to local SOEs. These results demonstrate that the market may promote desired social outcomes by rewarding ESG performance; however, we find no significant effect of audit quality in this relationship. Findings are robust to different sensitivity tests, including an alternative estimation, sysGMM regression to address endogeneity issues, and lagged regressions to address reverse causality.
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Affiliation(s)
- R. M. Ammar Zahid
- School of Accounting, Yunnan Technology and Business University, Kunming, Yunnan People’s Republic of China
| | - Adil Saleem
- Doctoral School of Economics and Regional Studies, Hungarian University of Agriculture and Life Sciences, 2100 Gödöllő, Hungary
| | - Umer Sahil Maqsood
- School of Economics and Finance, Xi’an Jiaotong University, Xi’an, 710061 People’s Republic of China
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7
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Zhang S, Anser MK, Yao-Ping Peng M, Chen C. Visualizing the sustainable development goals and natural resource utilization for green economic recovery after COVID-19 pandemic. RESOURCES POLICY 2023; 80:103182. [PMID: 36530833 PMCID: PMC9744703 DOI: 10.1016/j.resourpol.2022.103182] [Citation(s) in RCA: 7] [Impact Index Per Article: 7.0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 06/09/2022] [Revised: 11/23/2022] [Accepted: 11/27/2022] [Indexed: 05/15/2023]
Abstract
After the COVID-19 outbreak, this study examines the influence of modifications in China's Sustainable Growth Goals (SDGs) and economic development goals on Chinese enterprises' energy conservation and emissions reduction behavior. Meanwhile, the COVID-19 epidemic has erupted, displacing the flimsy traditional techniques. As a result, the post-COVID-19 pandemic emphasizes the need for a long-term sustainable development method compatible with the local and regional environmental systems. The main objective of this study is used as a roadmap to steer the post-COVID-19 pandemic on a sustainable green path by emphasizing sustainable energy strategies to connect in SDG-related efforts. The investigation in this paper begins with examining significant impacts in the energy industry and their impact on progress toward sustainability. The empirical findings that the CO2 emissions reduction objectives in long-term development plans had a considerable impact on energy saving and emissions reduction, lowering energy consumption intensity by 3.33% and carbon emission intensity by 4.23% between 2010 and 2019. Besides, the results and long and short run techniques are built to describe the Sustainable Development Goals interface, with the result revealing that Sustainable Development Goals enhance the green economic recovery performance. Furthermore, this study recommends that the key natural resources and green economic recovery policies to overcome the climate change impacts by COVID-19 pandemic.
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Affiliation(s)
- Shikun Zhang
- College of Economics and Management, Shangqiu Normal University, Shangqiu, China
| | - Muhammad Khalid Anser
- Faculty of Business and Management Sciences, The Superior University, Lahore, Pakistan
- Putra Business School, Universiti Putra Malaysia, Seri Kembangan, Malaysia
| | - Michael Yao-Ping Peng
- School of Economics and Trade, Fujian Jiangxia University, Fuzhou, China
- Stamford International University, Bangkok, Thailand
| | - Chunchun Chen
- School of Management, Beijing Union University, Beijing, 100101, China
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8
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Ding Y, Hu Y. The decentralization effects of entrepreneurial characteristics on corporate social responsibility. PLoS One 2022; 17:e0278030. [PMID: 36441749 PMCID: PMC9704557 DOI: 10.1371/journal.pone.0278030] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [MESH Headings] [Grants] [Track Full Text] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 07/06/2022] [Accepted: 11/08/2022] [Indexed: 11/29/2022] Open
Abstract
The question of whether appropriate decentralization can solve Corporate Social Responsibility (CSR) misplacement caused by Entrepreneurial Characteristics (EC) is an interesting ethical puzzle. Because corporate behavior depends on the decision-making choices of executives whose personality characteristics affect the choice tendency, power distribution undoubtedly becomes a big boost for most businesses to work out the adverse externality problems. Based on Upper Echelons Theory, this study developed a comparative impact model linking the effects of entrepreneurial intrinsic nature and experience characteristics on CSR performance. We tested the effective mechanism with the mediator role of the Corporate Power Distribution Index (CPDI) through a sample of listed Chinese companies from 2009 to 2017. The results provide that EC, such as female Gender, Degree, and Salary, have positive effects on CSR; CPDI plays a mediator role in the relationship between EC and CSR; and is moderated by Age, Academy, and Shares. The conclusion shows that EC can improve CSR performance to optimize CPDI to reduce corporate misplacement behavior.
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Affiliation(s)
- Youqiang Ding
- School of Finance, Tongling University, Tongling, Anhui, China
| | - Yufeng Hu
- School of Finance, Tongling University, Tongling, Anhui, China
- * E-mail:
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9
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Khan W, Zahid RMA, Ullah I, Chuadhry MA, Malik SY, Mughal YH, Batool N, Begum A, Han H, Mohamed A. Impact of COVID-19 on the wellbeing of micro and small entrepreneurs of rural Pakistan. Front Public Health 2022; 10:993412. [PMID: 36311583 PMCID: PMC9609786 DOI: 10.3389/fpubh.2022.993412] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 07/13/2022] [Accepted: 08/30/2022] [Indexed: 01/26/2023] Open
Abstract
According to the constitution of Pakistan, the state is responsible for the provision of necessities of life to its citizens whenever their livelihood is permanently or temporarily threatened. COVID-19 and its associated lockdowns were a series of events where amenities of life around the world were seriously endangered. Especially, hard hit were the small- and medium-sized entrepreneurs (SMEs) of rural Pakistan. To quantitatively assess the social and economic impact of COVID-19, we interviewed the local microenterprise owners in rural Pakistan from January to February 2021 and then June 2021. Mean comparison tests were estimated for pre- and post-COVID-19 periods. Results reveal that the COVID-19 pandemic has significantly and negatively affected wellbeing of micro and small entrepreneurs in the regions as the income of most of the sampled entrepreneurs significantly decreased during the pandemic. Disaggregated consumption analysis however revealed that nominal consumption of food, clothing, energy, health, and education all increased, except for communication, during the pandemic. Furthermore, the regression analysis revealed that changes in income, occupation, borrowing during COVID-19, and family type of the respondents were significant factors in mitigating the effects of COVID-19. Based on the findings, policy recommendations are also spelled out in the last section.
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Affiliation(s)
- Wajid Khan
- Department of Business Management, University of Baltistan, Skardu, Pakistan
| | - R. M. Ammar Zahid
- School of Accounting, Yunnan Technology and Business University, Kunming, China
| | - Ikram Ullah
- Department of Economics, University of Malakand, Chakdara, Pakistan
| | - Muhammad Asif Chuadhry
- Department of Management Sciences, Shifa Tameer-e-Millat University, Islamabad, Pakistan
| | - Saqib Yaqoob Malik
- Department of Business Management, University of Baltistan, Skardu, Pakistan
| | - Yasir Hayat Mughal
- Department of Health Administration, College of Public Health and Health Informatics, Qassim University, Al-Bukayriyah, Saudi Arabia
| | - Nazia Batool
- Department of Business Management, University of Baltistan, Skardu, Pakistan
| | - Abida Begum
- School of Marxism, Northeast Forestry University, Harbin, China
| | - Heesup Han
- College of Hospitality and Tourism Management, Sejong University, Seoul, South Korea
| | - Abdullah Mohamed
- Abdullah Mohamed Research Centre, Future University in Egypt, New Cairo, Egypt
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10
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Zamil AMA, Ali S, Poulova P, Akbar M. An ounce of prevention or a pound of cure? Multi-level modelling on the antecedents of mobile-wallet adoption and the moderating role of e-WoM during COVID-19. Front Psychol 2022; 13:1002958. [PMID: 36248546 PMCID: PMC9554247 DOI: 10.3389/fpsyg.2022.1002958] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 07/25/2022] [Accepted: 08/22/2022] [Indexed: 11/15/2022] Open
Abstract
During the COVID-19 epidemic, personal safety has received increasing attention, leading to behavioral changes. Mobile-wallet (m-wallet) makes it easier for people to keep social distance, which helps stop the spread of the COVID-19 virus. Evolving Internet technology has brought about changes in consumer lifestyle. The current situation of COVID-19 has created a business environment to shift from traditional ways and adopt e-commerce solutions worldwide. Grounded in technology acceptance model (TAM) theory, this study’s objective is two-fold: First, this study intends to examine perceived susceptibility to COVID-19, perceived severity of COVID-19, insecurity and discomfort as the predictors of perceived usefulness (PU) and perceived ease of use (PEOU). Second, the current research intends to test the moderating effect of electronic words-of-mouth (eWOM) on the relationship between attitude and usage intention. Using survey methods, 226 usable responses were collected through a mall intercept survey in Pakistan. Data were analyzed using partial least square (PLS). The results revealed that PEOU and PU positively influence attitude toward M-wallet. This study has found that attitude positively influences the usage intention in adopting M-wallet. The results also support the moderating role of eWOM. These findings contribute to the marketing literature in several ways, particularly in Pakistan. This is the first study to use eWOM as a moderating variable in the TAM theory. In addition, this study adds to the current body of knowledge by considering eWOM as a multi-dimensional construct novel in m-wallet literature.
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Affiliation(s)
- Ahmad M. A. Zamil
- Department of Marketing, College of Business Administration, Prince Sattam Bin Abdulaziz University, Al-Kharj, Saudi Arabia
| | - Saqib Ali
- Department of Management Sciences, COMSATS University Islamabad, Sahiwal, Pakistan
| | - Petra Poulova
- Department of Informatics and Quantitative Methods, Faculty of Informatics and Management, University of Hradec Králové, Hradec Kralove, Czechia
- *Correspondence: Petra Poulova,
| | - Minhas Akbar
- Department of Management Sciences, COMSATS University Islamabad, Sahiwal, Pakistan
- Department of Informatics and Quantitative Methods, Faculty of Informatics and Management, University of Hradec Králové, Hradec Kralove, Czechia
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11
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Chen S, Sohail MT, Yang M. Examining the effects of information and communications technology on green growth and environmental performance, socio-economic and environmental cost of technology generation: A pathway toward environment sustainability. Front Psychol 2022; 13:999045. [PMID: 36172239 PMCID: PMC9511107 DOI: 10.3389/fpsyg.2022.999045] [Citation(s) in RCA: 1] [Impact Index Per Article: 0.5] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Journal Information] [Subscribe] [Scholar Register] [Received: 07/20/2022] [Accepted: 08/17/2022] [Indexed: 01/09/2023] Open
Abstract
Human capital and ICT have a significant role in determining human development. The impacts of ICT and human capital on green growth and environmental sustainability should be explored for sustainable economic development. This research contributes to the literature on the role of ICTs and human capital in the determination of green growth and environmental performance. Based on time-series data 1990-2019, the study intends to investigate the impact of ICTs and human capital on environmental and green growth performance for China. The study reports that ICTs tend to reduce CO2 emissions and improve green growth in the long-run. However, education reduces CO2 emissions in the long-run but does not produce any significant impact on green growth in the long-run. It is suggested that government should invest in environmental efficiency and environmental technologies simultaneously with human capital that could significantly contribute to pollution reduction. Lastly, policies to increase human capital should be implemented simultaneously with policies to promote ICTs contribution in order to confirm green growth and environmental protection.
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Affiliation(s)
- Shaoming Chen
- International Business School, Guangzhou City University of Technology, Guangzhou, China
- School of Economics and Trade, Guangdong University of Foreign Studies, Guangzhou, China
| | - Muhammad Tayyab Sohail
- School of Public Administration, Xiangtan University, Xiangtan, Hunan, China
- South Asia Research Centre, School of Public Administration, Xiangtan University, Xiangtan, Hunan, China
| | - Minghui Yang
- International Business School, Guangzhou City University of Technology, Guangzhou, China
- Research Center for Accounting and Economic Development of Guangdong-Hong Kong-Macao Greater Bay Area, Guangdong University of Foreign Studies, Guangzhou, China
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12
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Awareness Level of Business Students regarding Drinking Water Safety and Associated Adulteration Accidents: A Multinomial Logistic Regression Approach. JOURNAL OF ENVIRONMENTAL AND PUBLIC HEALTH 2022; 2022:7492409. [PMID: 36072491 PMCID: PMC9444455 DOI: 10.1155/2022/7492409] [Citation(s) in RCA: 1] [Impact Index Per Article: 0.5] [Reference Citation Analysis] [Abstract] [Track Full Text] [Download PDF] [Figures] [Subscribe] [Scholar Register] [Received: 07/12/2022] [Revised: 07/23/2022] [Accepted: 07/27/2022] [Indexed: 11/17/2022]
Abstract
The industrialization of metropolis urban areas with dry and steppe climates raise substantial environmental contamination, particularly in the water domain. This research investigated the awareness levels of business students toward drinking water quality and safety. We further explored the knowledge of the business students regarding drinking water issues and remedies. Eighty-four percent of respondents were happy with the quality of their drinking water, according to the findings. Approximately 66% of respondents paid special or rather high attention to drinking water quality and contamination incidents, particularly regarding possible harm to the human body and health, impact scope, and accident reasons. Few respondents reported to the health department or phoned the water safety department; 47.5% of respondents resolved drinking water issues independently. Age and education level did not play a significant role in the degree of public satisfaction with water quality or the public's perception of water pollution incidents; however, business students in Samundri were more satisfied with their drinking water quality, and residents of Faisalabad Sadar were more aware of drinking water contamination incidents than residents in areas without such a network. Respondents with higher levels of education were more aware of water quality and pollution incidents than those with lower levels of education. The steppe climate, diverse human activities, and industrialization led to water pollution. The current research findings may provide fundamental data for efficient water management in the most populated and industrialized regions.
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Sohail MT, Chen S. A systematic PLS-SEM approach on assessment of indigenous knowledge in adapting to floods; A way forward to sustainable agriculture. FRONTIERS IN PLANT SCIENCE 2022; 13:990785. [PMID: 36092446 PMCID: PMC9453246 DOI: 10.3389/fpls.2022.990785] [Citation(s) in RCA: 2] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Figures] [Subscribe] [Scholar Register] [Received: 07/10/2022] [Accepted: 08/01/2022] [Indexed: 06/15/2023]
Abstract
The present study was conducted in one of the major agriculture areas to check farmers indigenous knowledge about the impacts of floods on their farming lives, food security, sustainable development, and risk assessment. In the current study, primary data was used to analyze the situation. A semi-structured questionnaire was distributed among farmers. We have collected a cross-sectional dataset and applied the PLS-SEM dual-stage hybrid model to test the proposed hypotheses and rank the social, economic, and technological factors according to their normalized importance. Results revealed that farmers' knowledge associated with adaption strategies, food security, risk assessment, and livelihood assets are the most significant predictors. Farmers need to have sufficient knowledge about floods, and it can help them to adopt proper measurements. A PLS-SEM dual-stage hybrid model was used to check the relationship among all variables, which showed a significant relationship among DV, IV, and control variables. PLS-SEM direct path analysis revealed that AS (b = -0.155; p 0.001), FS (b = 0.343; p 0.001), LA (b = 0.273; p 0.001), RA (b = 0.147; p 0.006), and for FKF have statistically significant values of beta, while SD (b = -0.079NS) is not significant. These results offer support to hypotheses H1 through H4 and H5 being rejected. On the other hand, age does not have any relationship with farmers' knowledge of floods. Our study results have important policy suggestions for governments and other stakeholders to consider in order to make useful policies for the ecosystem. The study will aid in the implementation of effective monitoring and public policies to promote integrated and sustainable development, as well as how to minimize the impacts of floods on farmers' lives and save the ecosystem and food.
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Affiliation(s)
- Muhammad Tayyab Sohail
- School of Public Administration, Xiangtan University, Xiangtan, Hunan, China
- South Asia Research Center, School of Public Administration, Xiangtan University, Xiangtan, Hunan, China
| | - Shaoming Chen
- International Business School, Guangzhou City University of Technology, Guangzhou, China
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14
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Role of Managerial Ability in Environmental, Social, and Economics Sustainability: An Empirical Evidence from China. JOURNAL OF ENVIRONMENTAL AND PUBLIC HEALTH 2022; 2022:8588385. [PMID: 36052352 PMCID: PMC9427282 DOI: 10.1155/2022/8588385] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Download PDF] [Subscribe] [Scholar Register] [Received: 07/07/2022] [Accepted: 08/02/2022] [Indexed: 11/17/2022]
Abstract
The current study analyzed whether the enhancement in managerial ability accelerates the environmental, social, and economic sustainability practices or not. Using panel data methodology on Chinese listed firms data from 2010 to 2019, we report that CEOs' managerial ability impacts the overall (environmental, social, and economic) sustainability practices of the firms positively. Moreover, we find that social sustainability and economic sustainability also increase with the increase of the CEO's managerial ability in the firm. The results remain robust after several alternative empirical tests. The findings justify the relationship between management skills and sustainability and demonstrate how each one of the sustainability pillars is affected individually. The support for sustainability practices that can be achieved through the communication of management skills is an essential conclusion for practitioners. Findings establish the link between CEO's managerial ability and environmental, social, and economic sustainability performance by taking insights from upper echelon theory.
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Yang J, Jiang Y, Chen H, Gan S. Digital finance and Chinese corporate labor investment efficiency: The perspective of financing constraints and human capital structure. Front Psychol 2022; 13:962806. [PMID: 36033042 PMCID: PMC9399764 DOI: 10.3389/fpsyg.2022.962806] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Journal Information] [Subscribe] [Scholar Register] [Received: 06/06/2022] [Accepted: 07/21/2022] [Indexed: 11/13/2022] Open
Abstract
As the aging population problem intensifies, many emerging economies are caught in labor shortage and rising labor costs, thus improving the corporate labor investment efficiency (LIE) is crucial for these countries. In this context, we take China as an example to explore the influence of the current booming digital finance (DF) on corporate LIE. This paper, which enriches the existing literature, is one of the few studies that explores the link between macroeconomic policies and firms' LIE. Our research adopts the baseline methodology of ordinary least squares (OLS) regression, and the data comprise 23,503 observations for Chinese A-share listed businesses from 2011 to 2020. In addition, we use fixed effects regression, instrumental variables method and substitution of independent variables to deal with endogeneity and test the robustness. The outcomes suggest that DF may significantly increase corporate LIE. Further results from the path mechanism study suggest that DF could alleviate financing constraints and optimize human capital structure, both of which have a favorable effect on the LIE. Last but not least, the heterogeneity results imply that DF can more effectively encourage LIE of firms in economically underdeveloped regions and of private nature. The study recommends that emerging economies should pay attention to strengthening regulation to avoid financial risks while vigorously promoting DF. In addition, enhancing the level of human capital and optimizing human capital allocation are also essential.
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Affiliation(s)
- Jing Yang
- School of Business, East China University of Science and Technology, Shanghai, China
| | - Yalin Jiang
- School of Social Audit, Nanjing Audit University, Nanjing, China
| | - Hongan Chen
- School of Business, East China University of Science and Technology, Shanghai, China
| | - Shengdao Gan
- School of Business, Sichuan University, Chengdu, China
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Lai Y, Sohail MT. Revealing the Effects of Corporate Governance on Green Investment and Innovation: Do Law and Policy Matter? Front Psychol 2022; 13:961122. [PMID: 35928416 PMCID: PMC9343993 DOI: 10.3389/fpsyg.2022.961122] [Citation(s) in RCA: 2] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 06/03/2022] [Accepted: 06/22/2022] [Indexed: 11/23/2022] Open
Abstract
Green investment (GI) and innovation performance are key factors of sustainable green development. GI and innovation have become a trendy solution to minimize environmental issues in the previous few decades. We investigate the effects of corporate governance, environmental law, and environmental policy stringency on GI and environmental innovation (EI) using Chinese time-series data from 1998 to 2020. Short and long-run findings indicate that corporate governance has a positive and significant impact on GI and innovation in China. However, environmental law has positive and significant effects on GI and innovation in the short run and long run. Furthermore, environmental policy stringency has an insignificant impact on GI but stimulates green innovation both in the short and long run. The study also reveals that education has a significant positive impact on green innovation both in the short and long-run. The short and long-run results propose essential policy implications.
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Affiliation(s)
- Yuan Lai
- Faculty of Law, Macau University of Science and Technology, Taipa, Macao SAR, China
- *Correspondence: Yuan Lai,
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Impact of Environmental Fluctuations on Stock Markets: Empirical Evidence from South Asia. JOURNAL OF ENVIRONMENTAL AND PUBLIC HEALTH 2022; 2022:7692086. [PMID: 35874884 PMCID: PMC9303481 DOI: 10.1155/2022/7692086] [Citation(s) in RCA: 8] [Impact Index Per Article: 4.0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Download PDF] [Figures] [Subscribe] [Scholar Register] [Received: 05/25/2022] [Accepted: 06/14/2022] [Indexed: 11/17/2022]
Abstract
The proportionate use of energy represents economic activity as well as environmental degradation. This study intends to examine the volatility spillover of environmental fluctuations (energy prices) to the stock markets of south Asian countries (i.e., Bangladesh, India, and Pakistan). In this regard, the data have been gathered from the Thomson Reuters DataStream from 2013 to 2021. This study has applied the Granger causality test and ARCH-GARCH (1, 1). It concludes that the bidirectional causality exists between the environmental prices (i.e., energy market) and Bangladesh, Pakistan, and India stock markets (BSE-100, DSE-30, and KSE-100, respectively). The empirical findings of this study show that there are volatility spillovers from the energy to the stock markets of Pakistan and India. On the other hand, no volatility spillover is observed from the energy to the stock market of Bangladesh. Moreover, the study implies that investors should invest in these stock markets to reduce the risk involved with diversification.
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