Article
Business
Greta Falavigna, Roberto Ippoliti
Summary: This work analyzes the relation between the judicial system and financial constraints, investigating whether inefficiency in enforcing credit rights can amplify companies' difficulties in collecting resources on the capital market, limiting their access to the funds needed to support investments and environmental sustainability. The results suggest that judicial inefficiency represents a barrier to environmental sustainability and alternative funding strategies, with potential far-reaching economic implications.
BUSINESS STRATEGY AND THE ENVIRONMENT
(2022)
Article
Green & Sustainable Science & Technology
Yong Xu, Shanshan Li, Xiaoxiao Zhou, Umer Shahzad, Xin Zhao
Summary: This study focuses on Chinese A-share polluting companies and finds that environmental regulations have a positive impact on the development of green finance, particularly through short-term or long-term external financing. However, the effect of environmental regulations varies across different regions and types of companies, and green finance is also influenced by greenwashing.
Article
Multidisciplinary Sciences
Chunyan Du, Qiang Zhang, Dekai Huang
Summary: This study provides theoretical and empirical evidence for the effect of environmental protection subsidies on the environmental performance of heavy-polluting listed firms in China. The results show that these subsidies can improve environmental performance, especially in state-owned firms and those in Eastern China, where green technology innovation plays a significant mediating role. This research contributes to the green transformation of heavy-polluting industries and supports the formulation of environmental policies by government departments.
Article
Ecology
Maria Ceu Cortez, Nuno Andrade, Florinda Silva
Summary: This paper investigates the environmental and financial performance of investments in energy firms. The results show that green energy companies outperform their non-green counterparts in terms of environmental performance and the green energy portfolio performs better than the market in terms of financial performance.
ECOLOGICAL ECONOMICS
(2022)
Article
Business, Finance
Dawei Xue, Jiayin Feng, Zhihong Zhu
Summary: This paper investigates the influence of different government subsidies on the financial performance of oil & petroleum corporations. The results indicate that environment-friendly subsidies encourage higher investments in environmental protection compared to non-environment-friendly subsidies. Additionally, preventive investments in environmental protection play a crucial mediator role in the relationship between corporate subsidies and financial performance, while government investments in environmental protection have a masking effect. Overall, this study provides policy implications for governments to balance firm development and environmental protection.
FINANCE RESEARCH LETTERS
(2023)
Article
Environmental Sciences
Mohamad Kaakeh, Korhan K. Gokmenoglu
Summary: The global pressure to reduce carbon emissions on high-carbon-emitting economies has increased significantly in recent years. This study investigates the relationship between environmental performance and financial performance of Chinese firms, taking into account the impact of the COVID-19 outbreak. The findings suggest that environmental performance may have a positive impact on financial performance, particularly during economic distress.
FRONTIERS IN ENVIRONMENTAL SCIENCE
(2022)
Article
Environmental Sciences
Jakeline Serrano-Garcia, Josep Llach, Andrea Bikfalvi, Juan Jose Arbelaez-Toro
Summary: The implementation of protective measures and green product innovation driven by the sustainable development goals has a significant impact on organizational performance.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2023)
Article
Business
Matthias S. Johann, Joern H. Block, Lena Benz
Summary: Hidden champions are market leaders in niche markets and an important part of the German Mittelstand. Research shows that they perform better in terms of return on assets, but this performance effect decreases with increasing firm size.
SMALL BUSINESS ECONOMICS
(2022)
Article
Green & Sustainable Science & Technology
Amir Gholami, Peter A. Murray, John Sands
Summary: This study contributes to the existing literature by exploring the relationship between ESG performance and financial performance, with a focus on SMEs. The empirical findings suggest that improving ESG performance is beneficial for large firms in the long run, but not for SMEs.
Review
Engineering, Industrial
Marcos Dieste, Roberto Panizzolo, Jose Arturo Garza-Reyes
Summary: This study conducts a systematic literature review to investigate the impact of lean practices on financial performance measures in manufacturing companies. The findings suggest that lean initiatives, particularly JIT and TQM, can enhance financial performance in terms of sales and profit. However, some scholars argue that improper implementation of lean practices may not necessarily improve companies' financial results.
JOURNAL OF MANUFACTURING TECHNOLOGY MANAGEMENT
(2021)
Article
Automation & Control Systems
Liang Li, Chen Fei, Weiyin Fei
Summary: The decision of how to protect and improve the ecological environment and invest in green technology is crucial for a firm's social value and sustainability. Designing an optimal dynamic financial contract that considers both environmental improvement and firm's financial performance while addressing agency conflicts is essential for achieving both long- and short-term goals. Proper adjustment of green technology investment, short-term investment, and long-term capital investment based on financial slack and market shocks can facilitate the dual objectives of profitability and environmental improvement.
INTERNATIONAL JOURNAL OF SYSTEMS SCIENCE
(2023)
Article
Green & Sustainable Science & Technology
Deqing Wang, Xuemei Li, Sihua Tian, Lingyun He, Yan Xu, Xu Wang
Summary: The study explored the dynamic impact of environmental information disclosure on firm financial performance and identified a structural break in 2015 due to the implementation of new Environmental Protection Law. Results showed a consistently significant positive effect of environmental information disclosure on firm financial performance, with moderating effects of government subsidy and ratio of profits to total cost changing over time.
SUSTAINABLE PRODUCTION AND CONSUMPTION
(2021)
Article
Business
Khanh Hoang, Quang Thi Thieu Nguyen, Cuong Nguyen
Summary: This study examines the impact of economic policy uncertainty (EPU) on investment decision-making of start-up firms in Japan. The authors find that start-ups' investment behaviors are likely different from those of mature firms due to their need to compete for survival.
MANAGEMENT DECISION
(2023)
Article
Business, Finance
Xinlan Li, Changhong Li, Xiaoli Guo
Summary: This study examines the impact of environmental practices on corporate performance in Chinese family firms, taking into account the moderating effect of family control. The findings indicate a U-shaped relationship between environmental practices and corporate financial performance, and a positive association between environmental practices and corporate social performance. Additionally, family control positively moderates the relationship between environmental practices and performance. This research provides valuable insights into the CFP and CSP of family firms through an understanding of environmental practices and family control.
EMERGING MARKETS REVIEW
(2023)
Article
Business, Finance
Victor Barros, Maria Joao Gueces, Joana Santos, Joaquim Miranda Sarmento
Summary: The impact of activist campaigns on firm performance is still unclear. Demanding a change in strategic direction or obtaining board control intensifies the decline in profitability, while seeking board representation effectively increases target firms' profitability.
RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE
(2023)
Article
Economics
Sadaf Ehsan, Adeel Tariq, Mian Sajid Nazir, Malik Shahzad Shabbir, Rizwan Shabbir, Lydia Bares Lopez, Wasim Ullah
Summary: This study examines the relationship between corporate social responsibility (CSR) and earnings management (EM) among manufacturing firms in Pakistan. The research uses a multimethod approach for measuring CSR, establishes CSR disclosure indices and CSR monetary spending ratio, and analyzes both accrual-based and real activities-based EM. The study finds a negative relationship between CSR and EM, indicating that firms' commitment to CSR is largely influenced by a long-term perspective, but this relationship is asymmetric across different measures of EM and CSR.
MANAGERIAL AND DECISION ECONOMICS
(2022)
Article
Business
Reenu Kumari, Malik Shahzad Shabbir, Sharjeel Saleem, Ghulam Yahya Khan, Bilal Ahmed Abbasi, Lydia Bares Lopez
Summary: This study examines the long-term and causal relationship among foreign direct investment (FDI) inflows, trade openness and economic growth from India. The results confirm no long-term relationship among these three variables, but there is a bi-directional causality between economic growth and FDI. However, there is no bi-directional causality between trade openness and economic growth.
SOUTH ASIAN JOURNAL OF BUSINESS STUDIES
(2023)
Article
Green & Sustainable Science & Technology
Misbah Sadiq, Desti Kannaiah, Ghulam Yahya Khan, Malik Shahzad Shabbir, Kanwal Bilal, Aysha Zamir
Summary: This study explores the environmental impacts of globalization in South Asia using the environment Kuznets curve approach. The findings show significant damage to environmental well-being in the region, while individual countries like Nepal demonstrate a positive and significant effect of non-environmentally friendly power and globalization index on CO2 emissions. Additionally, there is a feedback effect between economic growth and energy usage, with economic growth causing CO2 emissions.
ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY
(2023)
Article
Green & Sustainable Science & Technology
Tabish Nawab, Saqlain Raza, Malik Shahzad Shabbir, Ghulam Yahya Khan, Sana Bashir
Summary: This study analyzes the measurement of MPI in Punjab and its components using the Alkire-Foster method. The findings show a decrease in MPI in Punjab from 2007 to 2018, with Southern Punjab experiencing higher poverty levels and industrialized districts having lower poverty levels. Health and education dimensions need improvement.
ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY
(2023)
Article
Business, Finance
Muhammad Safdar Sial, Jacob Cherian, Susana Alvarez-Otero, Ubaldo Comite, Malik Shahzad Shabbir, Stefan B. Gunnlaugsson, Mosab Ismail Tabash
Summary: The study finds that Pakistan's economy has a positive influence on attracting FPI from emerging and developed countries, which in turn increases the contribution of domestic firms to the national economy. Additionally, the study suggests that regardless of economic size, the intensity of local government efforts can enhance the likelihood of generating FPI from developed countries.
JOURNAL OF SUSTAINABLE FINANCE & INVESTMENT
(2022)
Correction
Environmental Sciences
Zong Dai, Misbah Sadiq, Desti Kannaiah, Nasir Khan, Malik Shahzad Shabbir, Kanwal Bilal, Mosab I. Tabash
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2022)
Review
Environmental Studies
Yadong Liu, Daquan Cao, Xinghua Cao, Vipin Jain, Chanchal Chawla, Malik Shahzad Shabbir, Carlos Samuel Ramos-Meza
Summary: This study examines the impact of socioeconomic and spatial factors on the outcomes of environmental health through the treatment of multi-drug resistance tuberculosis (MDR-TB) in China. The findings suggest that patient survival rates are not affected by the treatment department. Spatial characteristics of time and medical expenditure are significantly correlated with environmental health results. However, travel expenditures and male gender are negatively associated with environmental health outcomes.
ENERGY & ENVIRONMENT
(2023)
Correction
Green & Sustainable Science & Technology
Vipin Jain, Carlos Samuel Ramos-Meza, Ejaz Aslam, Chanchal Chawla, Tabish Nawab, Malik Shahzad Shabbir, Ajay Bansal
CLEAN TECHNOLOGIES AND ENVIRONMENTAL POLICY
(2023)
Review
Green & Sustainable Science & Technology
Vipin Jain, Carlos Samuel Ramos-Meza, Ejaz Aslam, Chanchal Chawla, Tabish Nawab, Malik Shahzad Shabbir, Ajay Bansal
Summary: This study examines the association between renewable energy strategies and carbon emissions on sustainable economic growth under affordable and clean energy sources to achieve sustainable development goal seven. The research finds a significant and positive influence of renewable energy such as hydropower, solar photovoltaic, wind, biomass, and geothermal on the economic growth of Asian economies. The study provides valuable insights for stakeholders in an integrated and coherent manner.
CLEAN TECHNOLOGIES AND ENVIRONMENTAL POLICY
(2023)
Article
Environmental Sciences
Min Zhang, Vipin Jain, Xinze Qian, Carlos Samuel Ramos-Meza, Syed Ahtsham Ali, Paritosh Sharma, Mady Ahmed Ahmed Mohamed, Akram M. Haddad, Malik Shahzad Shabbir
Summary: The study aims to examine the dynamic relationship between green energy production (GEP), green technological innovation (GTI), and green international trade (GIT). The study utilizes the fully modified least square (FMOLS) and dynamic least square (DOLS) methods for data analysis. Panel data from 2000 to 2020 for eight countries in South Asia were used. The results show a negative relationship between GEP and EFP, while green technological innovation and green international trade are positively associated. The study suggests subsidizing industries for the installation of renewable projects to promote sustainable energy production.
FRONTIERS IN ENVIRONMENTAL SCIENCE
(2023)
Article
Economics
Haishi Li, Youxue Jiang, Anam Ashiq, Asma Salman, Mohammad Haseeb, Malik Shahzad Shabbir
Summary: This study explores how various contingencies affect the organizational structure of privately held businesses in China. The cross-section primary data set from 83 Chinese private firms is collected through face-to-face interviews with entrepreneurs, and six hypotheses tests are conducted regarding the contingencies of organizational form. The empirical findings demonstrate that environment, strategy, size, and technology are significant factors in explaining organizational form. Additionally, financial factors are crucial in addressing cash flow issues and forming profit expectations.
MANAGERIAL AND DECISION ECONOMICS
(2023)
Article
Business
Sadaf Ehsan, Aftab Hussain Tabasam, Carlos Samuel Ramos-Meza, Anam Ashiq, Vipin Jain, Mian Sajid Nazir, Malik Shahzad Shabbir, Hafiza Madiha Gohae
Summary: The purpose of this study is to examine the key determinants of zero-leverage policy and why these firms are financially constrained. The concept of zero-leverage policy has gained attention in both developed and developing countries. This study uses a sample of listed non-financial firms in Pakistan from 2006 to 2020 and employs the Logit regression model to investigate the determinants of zero-leverage phenomenon. The findings reveal that profitability, growth rate, tax, and dividend are the key determinants of zero-leverage policy. Moreover, most zero-leverage firms are financially constrained, although there is a subset of financially unconstrained zero-leverage firms with high profitability.
GLOBAL BUSINESS REVIEW
(2023)
Review
Environmental Sciences
Mariuam Shafi, Carlos Samuel Ramos-Meza, Vipin Jain, Asma Salman, Mustafa Kamal, Malik Shahzad Shabbir, Masood Ur Rehman
Summary: The purpose of this study is to examine the impact of green tax incentives on environmental sustainability and climate change in developing countries. Introducing green tax incentives related to the environment and climate change helps achieve the sustainability objectives of growth and development. The study analyzes the top 100 listed companies on the Swedish stock market to understand the real facts and figures of green tax environment. Using a longitudinal research design, probit and logistic regression are conducted to identify the beneficiaries of the tax incentives. The findings suggest that firm-level characteristics significantly impact the probability of being an ITC beneficiary.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Environmental Studies
Muhammad Bilal Khan, Hummera Saleem, Malik Shahzad Shabbir, Huobao Xie
Summary: This study reveals a significant deterioration in environmental quality in the South Asian region, with countries like Bangladesh having a significant impact on CO2 emissions. Additionally, the study confirms the EKC hypothesis.
ENERGY & ENVIRONMENT
(2022)
Article
Business, Finance
Ankasha Arif, Misbah Sadiq, Malik Shahzad Shabbir, Ghulam Yahya, Ayesha Zamir, Lydia Bares Lopez
Summary: The aim of this study is to examine the association between financial development, trade openness, and sustainable environmental-economic growth in South Asian countries. The results show that financial development has a positive and significant impact on the economic growth of South Asian economies in both the long and short term. Additionally, trade openness also has a positive effect on economic growth. This is the first-ever study to investigate the combined impact of financial development and trade openness on sustainable environmental-economic growth in South Asian economies using globalization effects.
JOURNAL OF SUSTAINABLE FINANCE & INVESTMENT
(2022)
