Optimizing the allocation of university resources to improve the efficiency of inputs and outputs is an important issue for the high-quality development of universities. In recent years, China has become an important growth pole for the development o...
As the result of climate change and deteriorating global environmental quality, nations are under pressure to reduce their emissions of greenhouse gases per unit of GDP. China has announced that it is aiming not only to reduce carbon emission per uni...
Based on panel data of Chinese A-share listed firms from 2011 to 2023 (29,868 firm-year observations in total), this paper explores the environmental spillover relationship between regional digital financial inclusion (a proxy for the external digita...
Artificial intelligence (AI) has become an integral driver of digital transformation in the banking sector, fundamentally influencing operational efficiency, resource allocation, and profitability. This study investigates how AI adoption affects the...
As a key engine driving China’s green financial transformation, the Green Financial Reform and Innovation Pilot Zones have demonstrated significant achievements in enhancing the capacity of financial services to support green real economies, pr...
Although financial statements are increasingly recognised as containing rich economic and governance information, the existing research on zero-carbon factory certification has primarily focused on external policy instruments, technological pathways,...
The promotion of the simultaneous advancement of digitalization and sustainability has emerged as a crucial concern for achieving high-quality economic growth within the framework of the ‘dual-carbon’ objective. Based on the micro data of...
Contemporary literature continues to foster discussion whether financial development is important for economic growth. In the clash of theoretical arguments, the prevailing idea is that finance exerts a direct positive influence on GDP growth. Howeve...
The aim of this paper is to provide several examples of convex risk measures necessary for the application of the general framework for portfolio theory of Maier-Paape and Zhu (2018), presented in Part I of this series. As an alternative to classical...
Utility and risk are two often competing measurements on the investment success. We show that efficient trade-off between these two measurements for investment portfolios happens, in general, on a convex curve in the two-dimensional space of utility...
This survey offers a succinct overview of the General Framework of Portfolio Theory (GFPT), consolidating Markowitz portfolio theory, the growth optimal portfolio theory, and the theory of risk measures. Central to this framework is the use of convex...
China’s national strategies emphasize both achieving carbon peaking and neutrality (“dual carbon” objectives) and fostering high-quality economic development. This dual focus highlights the critical importance of the Green and Low-C...
This paper aims to examine the importance of financial intermediation in economic activity. We also explore the effects of monetary factors and financial frictions on the relationship between financial intermediation and economic growth, the drivers...
19 October 2021
Since 1995, a national health insurance (NHI) program has been in operation in Taiwan, which provides uniform comprehensive coverage. Forced by severe financial deficit, global budgeting reimbursement was adopted in the healthcare sector to control h...
For a common small- to medium-sized fish farm in an agricultural-based economy, monitoring costs is very important, since financial constraints are always a problem for these farmers. This will be thus easier if the farmers can get access to external...
The sustainable development of a country requires stable funds to reshape and restore its economy, something which cannot be separated from the support of financial services. Digital financial inclusion, with its inclusive and extensive features, has...
This paper explores the allocation process of Financial Transmission Rights (FTRs) in the Italian electricity market. FTRs are financial instruments allowing market participants to hedge against transmission congestion, also playing a critical role i...
In the realm of financial management, optimizing the allocation of funds in banking companies is vital to their operational efficiency. Banks manage their funds by allocating them into reserve and credit funds as the main activities of banking. Optim...
Financial resources play a crucial role in rural revitalization. Understanding the efficiency of financial support is essential for the scientific and rational allocation of these resources. Therefore, we conducted an assessment over the period 2011&...
The private sector, in order to function properly, needs financing from the national financial sector, and so the efficiency and competitiveness of said financial sector arouse the interest of many researchers, who perform analyses in order to provid...
Despite the billions of euros used as subsidies over recent decades, Portugal’s water sector continues to struggle, being characterized by significant inefficiencies and differences between high- and low-performing water and sanitation services...
Applying the resource-based view and dynamic capability theory, this study employs panel data analysis to examine how financial flexibility influences corporate innovation efficiency from an integrated resource-capability perspective. Analyzing data...
Improving the efficiency of green development is an important means of achieving high-quality development, and the optimal allocation of financial resources is the core factor in promoting green development. Based on the panel data of 30 provinces in...
The study aimed to evaluate whether the regional funds allocated for energy efficiency and renewable energy are related to the quantity of air pollutants discharged and the stage of regional development, and whether the evidence of convergence of reg...
Green financial innovations have the potential for mobilizing financial resources towards environmental and inclusive sustainable development. Green financial innovation includes green bonds, climate resilient financial products, fintech-based enviro...
Under the global context of climate governance and sustainable development, low-carbon energy transition has become a strategic imperative. As a critical force in resource allocation, the financial system’s impact on energy transition has attra...
Limited by ecological conditions, in order to improve the innovation efficiency concerning energy, a change from “extensive” to “green” is required. The development of sustainable technology is the most important productive fo...
Background: The county is the basic unit of national economic and social development, and is also the foothold and starting point of public sports services. Purpose: Taking the top 100 economic counties of China in Zhejiang Province as the research o...
This study focuses on efficient asset allocations that properly include T-bills, T-bonds, and the S&P 500 stock index. It checks that their annual real rates of linear return are both normal and almost lognormal. It reexamines how efficient portf...
Green financial inputs (GFI) play an important role in promoting green innovation in the manufacturing industry, and accurately evaluating GFI utilization efficiency and its industry heterogeneity is crucial for optimizing green resource allocation....
The integration of the Smart Pavement Management Center aims to improve the efficiency and quality of road maintenance in New Taipei City. This paper explores the application of the I-ROAD Reporting System and analyzes its effectiveness in providing...
2 February 2023
Regional imbalance is a typical feature of economic and social development in China, and place-based policies aimed at promoting balanced regional development may bring challenges to low-carbon goals. This study uses the panel data of China’s p...
In the face of increasingly growing health demands and the impact of various public health emergencies, it is of great significance to study the regional differences in the allocation efficiency of the rural public health resources and its improvemen...
To understand the role of green credit in maintaining economic sustainability, we develop theoretical hypotheses including expectation, supervision and capital allocation channels to explain the impacts of green credit. Then, we use hybrid econometri...
This study examines the association between financial structure components—financial access, depth, and efficiency—technological innovation, and environmental pressure in the European Union over the period 1992–2021, with the EU ene...
A novel financial metric denominated unit financial impact indicator (UFII) is proposed to minimize the payback period for solar photovoltaic (PV) systems investments and quantify the financial efficiency of allocation and sizing strategies. However,...
In the context of tightening sustainability regulations and rising demands for transparent and responsible capital allocation, understanding how digital financial innovations influence market efficiency has become increasingly important. This study e...
This paper presents a cluster analysis of 20 spa enterprises operating in Slovakia, based on key financial indicators for the years 2018 and 2023. A comparative time-based approach was adopted to capture changes in financial performance over time. Th...
It is widely accepted that tourism, given the right conditions, can be an important instrument of economic growth and a means of improving the quality of life for the societies in which it is implemented, particularly in developing territories. Inter...
Efficient risk allocation has been proven to be at the heart of effective and efficient infrastructure project operation. While most risks may be reasonably assigned in transport infrastructure projects, demand risk remains ambiguous due to the multi...
Efficient allocation of capital toward environmental, social, and governance (ESG) objectives has become a critical challenge for emerging economies pursuing sustainable development and financial resilience. While prior research has primarily focused...
This paper proposes a continuous-time dynamic clearing model on a multilayer financial network to study systemic risk propagation and optimal intervention. The model incorporates interbank credit, equity crossholdings, and overlapping portfolios, and...
Digital transformation is increasingly viewed as a strategic driver of operational efficiency, financial performance, and organisational resilience in rural transition economies. Existing research, however, largely assumes homogeneous digitalisation...
The purpose of the paper is to study the financing models in order to drive the large amount of financial resources, already allocated for energy efficiency, to improve the quality of cities. These resources are being deployed worldwide by both publi...
Farmers’ land transfer practices optimize the allocation of agricultural resources by transferring them to more efficient operators. This enhances agricultural productivity and advances rural revitalization. However, due to the lack of financia...
This study examines the impact of financial deepening and sustainable energy supply on domestic investment in West African countries. The data for the study range from 1990 to 2020 and were sourced from the World Development Indicator database. We us...
Sustainable development requires the intervention of public authorities in areas where market mechanisms do not guarantee the proper allocation of goods. Some of these goods include public services such as local collective transport and municipal was...
The proper allocation of corporate capital is critical to sustainable business development, and misallocation of resources can impede sustainable economic growth and competitive markets. This study investigates the relationship between market power a...
This study delves into how the literature conceptualizes banking efficiency as a capability shaping sustainability-oriented pathways under conditions of systemic uncertainty, including recurrent economic–financial disruptions and geopolitical s...
Coal-fired power generation in China is facing huge challenges due to its high share in the total electricity generation and its environmental problems. A solar-aided coal-fired power generation (SACPG) system, based on the integration of solar therm...
of 7