Search Results (121)

This study addresses the critical gap in understanding how internal green capabilities and practices drive environmental sustainability in small and medium-sized enterprises (SMEs), particularly within the context of a developing economy. While prior studies have explored green intellectual capital (GIC), green human resource management (GHRM), and green innovation separately, their combined effects and mechanisms have been underexplored. Grounded in the Resource-Based View (RBV), this research examines how GIC and GHRM influence environmental performance, considering green innovation as a mediating factor and green transformational leadership as a moderating factor. Data were collected through a structured questionnaire from 329 manufacturing SMEs in major industrial regions of Pakistan and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The findings demonstrate that GIC and GHRM significantly enhance environmental performance both directly and indirectly via green innovation, while green transformational leadership strengthens the effect of GHRM on innovation. These results provide practical insights for managers and policymakers in developing countries to implement integrated green strategies and leadership development to achieve sustainability targets. Given its focus on Pakistani SMEs, the generalizability of the findings may be limited, suggesting directions for future research in other cultural and economic settings. Full article

The relationship between firm size and the financial performance of advertising and marketing companies remains understudied in the academic literature, including in the regional context. Using a panel data methodology, this study analyzes the impact of three proxies for firm size (total assets, number of employees, and sales) on the financial performance (return on assets and profit margin) of the 500 most profitable advertising and marketing companies from 16 Western European countries over the period 2019–2023. Weighted least squares regression analysis revealed statistically significant negative effects of all three proxies for firm size on financial performance, with the strongest negative effects on total assets on return on assets and sales on profit margin, which is similar to return on sales. Empirical data confirm the inverse relationship between total assets and their profitability; this indicates the advantages of resource-optimized business models with high management flexibility and effective use of intellectual capital compared to material-intensive structures. The inverse relationship between the number of employees and financial performance is due to higher operating personnel costs and the difficulty of effectively managing human resources as the number of employees increases. Increased sales negatively affect profit margins, demonstrating a decrease in the efficiency of converting revenue into profits as operations expand. These findings are important for developing effective financial management strategies and making investment decisions in the industry under study. The research contributes to SDGs 8, 9, and 12 by demonstrating how resource-optimized structures with higher management flexibility and effective use of intellectual capital can outperform material-intensive structures in the advertising and marketing industry. Full article

Sustainable development is an inevitable derivative outcome of the advancement of social productive forces and the innovation of science and technology. In the current era, a multitude of global issues are intertwined. Sustainable development provides ideas and approaches of crucial value for resolving these difficult situations. This study constructs a micro-level indicator system to assess the quality of foreign direct investment and measures the quality of FDI in China from 2011 to 2022. Using the two-way fixed effects panel model, this study empirically tests the impact of FDI quality on China’s sustainable development and deeply examines the industry heterogeneity. The findings reveal that (1) micro-level FDI quality indicators avoid aggregation bias and lagged responses inherent in macro-level analyses, enabling precise and timely detection of foreign firms’ reactions to macroeconomic shifts. (2) Enhancing FDI quality exerts a positive and significant effect on China’s sustainable development, with notable variations across industries. (3) Further analysis shows that, first, in eastern coastal provinces, well-functioning market mechanisms amplify the positive externalities of high-quality FDI on resource allocation. Second, the moderating role of intellectual property protection in FDI’s human capital effects exhibits significant heterogeneity across industries. Full article

This paper proposes and tests a methodology for evaluating the human capital of oil and gas industry enterprises. The methodology is based on previously developed mathematical and test tools, with enhancements to support decision-making in human capital development. The proposed methodology facilitates a comprehensive mathematical analysis of assessment results and provides analytical and graphical justifications for the approaches, methods, and models used in shaping personal development trajectories. These trajectories are tailored to the needs of individuals as bearers of human capital and consider its role in achieving sustainable development goals. Given the purpose of this study—to analyze the state and development opportunities of human capital in oil and gas enterprises using the authors’ assessment methodology—the presented approach aims to provide a comprehensive framework for evaluating and enhancing human capital in this key sector. This study includes a survey of employees of three groups of enterprises: NAFTOGAZ Group (Kyiv, Ukraine), Ukrainian private oil and gas companies, and enterprises of other sectors of Ukraine’s economy. A comparative analysis carried out via mathematical tools enabled a detailed evaluation of the collected data. The study conclusions highlight within-group and intergroup comparative characteristics of respondents based on calculated values and deviations in their intellectual attributes. These findings allow us to formulate a set of recommendations regarding the appropriateness of corrective actions and also validate the reliability and objectivity of the proposed human capital assessment methodology. This methodology may potentially help in strategic decision-making in the development of the gas and oil industry and allows for planning the changes in human capital necessary to ensure sustainable development. Full article

This study examines how environmental regulation (ER), green intellectual capital (GIC), green human resource management (GHRM), and green ambidextrous innovation (GAI) contribute to enhancing the sustainable performance (SP) of manufacturing firms. Using a quantitative approach, data from 472 managers of green garment manufacturing firms in Bangladesh were analyzed with SmartPLS4 software. The results indicate that GHRM and GIC positively impact SP, with GIC exerting a stronger influence on GAI—encompassing green exploitative innovation (EIGI) and green exploratory innovation (ERGI)—compared to GHRM. Additionally, GAI positively affects SP and serves as a partial mediator in the GIC-SP relationship but not in the GHRM-SP relationship. ER negatively moderates the GHRM-SP and GHRM-GAI links, while it positively moderates the GIC-GAI relationship, albeit weakly in the GIC-SP connection. This study highlights GAI’s mediating roles in the GHRM-SP (specifically, GHRM-EIGI-SP and GHRM-ERGI-SP) and GIC-SP (specifically, GIC-EIGI-SP and GIC-ERGI-SP) relationships within a regulatory context. By introducing fresh perspectives, this research advances green management studies, offering valuable insights for academics and industry professionals. It provides a strategic framework for firms to navigate regulations, foster innovation, optimize human and intangible resources, and enhance sustainable performance, thereby positioning themselves as leaders in the global market. Full article

The purpose of this study is to assess the ecological efficiency of manufacturing small and medium-sized enterprises (SMEs) by analyzing their adoption of green human resource management practices (GHRMPs), green intellectual capital (GIC), and green innovation (GIN). The study was carried out on a representative sample of 367 manufacturing SMEs in Pakistan, and data were gathered using a particular survey questionnaire. The results were analyzed using the partial least squares–structural equation modeling (PLS-SEM) technique in SmartPLS4. This research indicates that the adoption of GHRMPs significantly impacts environmental performance (EP), GIC, and GIN. Additionally, the study found that the correlation among GHRMPs is positively mediated by GIC and GIN. The study contributes to the body of knowledge by investigating EP based on the Ability-Motivation-Opportunity Theory (AMO) through empirical evidence on hypothesized relationships. The paper provides a valuable understanding and novel approach for managers of SMEs in developing countries to improve their EP through the adoption of GHRMP, GIC, and GIN. Full article

Against the pressing backdrop of global climate change, various environmental issues are becoming increasingly prominent, posing unprecedented challenges to both the global economic system and business operations. Green technology innovation, as a critical response to climate change, is vital not only for the sustainable development of firms, but also for fostering the harmonious coexistence of the economy and environment. However, whether climate change itself affects green technology innovation activities is still a topic that needs to be explored in depth. This paper utilizes data from the China Meteorological Administration (CMA), State Intellectual Property Office of China (SIPO), and CRNDS database to empirically examine the impact of climate change on green technology innovation of Chinese A-share listed firms from 2011 to 2020. The findings indicate the following: (1) Climate change significantly inhibits green technology innovation. (2) Entrepreneurs’ green human capital can mitigate the negative impact of climate change on green technology innovation. (3) When faced with higher investor attention or stronger environmental regulation, firms will pay more attention to their green technology innovation when adversely affected by climate change. (4) Resource-based cities show greater resilience against the negative impacts of climate change on green technology innovation compared to non-resource-based cities, suggesting that climate change-induced adaptive behavior may break the resource curse. (5) Mature, non-polluting, high-tech, and non-manufacturing firms are more effective in resisting the inhibitory effects. This research contributes to understanding climate risks and managing them effectively. Full article

In the digital economy era, artificial intelligence implementation has accelerated the intellectualization of productive forces, emphasizing the critical relationship between higher education and this transformation. As the primary conduit for developing advanced human capital, the mechanisms through which higher education adapts to and promotes emerging productive forces require systematic examination. This research establishes a theoretical framework demonstrating the synchronous relationship between higher education development and productive force intellectualization, proposing that higher education development provides essential momentum for this transformation. The framework validation employed panel data analysis from 31 Chinese provinces (2012–2022) using fixed-effects (FE) and mediation effect models. The FE model reveals a positive effect coefficient of 1.561 for higher education development on intelligent productive force enhancement (p < 0.01), indicating substantial promotion of productive force intellectualization without saturation effects. Mediation effect analysis confirms the significance of three mediating factors—labor, capital, and technology (p < 0.05)—validating the influence pathways through human capital, material support, and research innovation mechanisms. The research innovation mechanism demonstrates premier efficacy, while material support mechanisms indicate optimization potential. The human capital mechanism, despite its promise, exhibits implementation time lags. These findings suggest prioritizing intelligent technology talent development, enhancing research investment, and strengthening innovation capabilities to advance higher education’s role in productive force intellectualization. Full article

This study explores the nexus between intellectual capital (IC) and the sustainable growth rate (SGR), with a unique emphasis on the moderating roles of military-experienced CEOs (MCEOs) and sustainable corporate governance (SCG). We utilize the Method of Movement Quantile Regression Analysis (MMQR) with data gathered from 750 Chinese non-financial firms listed on the Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) from 2010 to 2022. The findings indicate that IC exerts a favorable and significant influence on the SGR across various quantiles. Furthermore, across multiple quantiles, the SGR exhibits a positive and strong correlation with capital employed efficiency (CEE), human capital efficiency (HCE), and structural capital efficiency (SCE). Moderation analysis reveals that MCEOs and SCG demonstrate a positive correlation between IC and the SGR. The results extend our understanding of how MCEOs and SCG can enhance the SGR through effective IC utilization. Full article

The world’s economy is experiencing important changes brought on by diverse factors, namely technological advancements, the appearance and diffusion of personal computers, high-speed telecommunications, and the Internet. These technological changes have influenced the corporate environment, with recent decades denominated as the information economy, the digital economy, the economy of knowledge, a risk society, and the age of quality and innovation. To designate the key concept of the new economic era as “intellectual capital” implies a classification and evaluation effort in order to proceed with its generalization. In today’s world, the study of a model capable of adding explanatory diversity to intellectual capital is very relevant. We observed a true panoply of concepts in the analyzed models based on a literature review. The conceptual evolution during recent decades has motivated many investigations in this field, resulting from the phenomenon of globalization, growing technological innovation, and the observation of significant disparities between the market value and the accounting value of companies. This article describes an investigation carried out, presenting an explicative model of intellectual capital based on four distinct patterns, which are the aggregating factors of the existing conceptual diversity. We present the identification of a model with two axes, x (the type of knowledge, from tacit to explicit) and y (the capital of knowledge, from human to structural), which represents the conceptual diversity mirrored in four quadrants resulting from the research carried out with an initial exploratory study and two following studies with 45 and 72 specialists. In this article we analyze the Martins model, which proves to be essential for systematizing and mapping the dimensions that intellectual capital includes. This model can be used to identify the different aspects of intellectual capital in an organization and thus contribute to its understanding, optimization and good management. Full article

In the evolving global market, new business conditions necessitate that enterprises adapt and construct organizational structures grounded in new principles and the implementation of contemporary management methods. This is particularly crucial for enterprises in transitional economies, which need to be highly flexible and innovative to meet the increasing demands of users swiftly, employ modern management techniques, and gain a competitive edge. The modern business environment assumes that there are very few products, technologies, services, knowledge areas, or procedures unavailable to interested groups worldwide. This study examines the influence of modern management methods and techniques (MMMTs), human resource management (HRM), quality management (QM), and intellectual capital management (ICM) on the sustainable market performance (SMPC) of these enterprises. A structured survey was conducted among 146 managers from various Serbian industrial enterprises, and the data were analyzed using descriptive statistics, Pearson correlation analysis, linear regression, and multicollinearity tests. The results revealed significant positive correlations between MMMTs, HRM, QM, ICM, and SMPC, with quality management having the highest impact. These findings provide valuable insights for improving business competitiveness in Serbia’s industrial sector. The results also support the development of an integrated model for sustainable management practices in transitional economies. Full article

This study explores the relationship between intellectual capital (IC) and the financial performance of 250 publicly traded companies in France, Germany, and Switzerland from 2009 to 2018, addressing the gaps in prior research regarding the differential impacts of IC components across countries and industries in Western and Central Europe. Using the Value-Added Intellectual Coefficient (VAIC™) approach, this study evaluates human capital efficiency (HCE), structural capital efficiency (SCE), and capital employed efficiency (CEE). Panel regression analyses at the country and industry levels were conducted to assess their effects on financial metrics, such as return on equity (ROE), return on assets (ROA), and asset turnover ratio (ATO). The findings reveal a significant positive association between SCE, CEE, and firm performance, with CEE showing the most substantial effect, while HCE had a relatively weaker impact. Additionally, the study uncovers a trade-off between the accumulation of patents and trademarks and short-term financial performance, raising new considerations for intellectual property management. This research contributes to the literature by providing a nuanced understanding of how IC components influence financial outcomes across different contexts and offers practical insights for firms aiming to optimize structural capital and capital-employed strategies for improved financial performance while acknowledging the limitations regarding the sample of publicly traded firms. Full article

Green process innovation is an important strategy in the high-quality development of enterprises. Digital technology is becoming a key factor in helping businesses address environmental issues and contributes to their green process innovation and sustainable growth. Nevertheless, there is a lack of studies on how particular digital technology categories affect corporate green process innovation. Artificial intelligence (AI) is an important part of digitalization as it can provide new technical means and guidance for enterprise’s innovation of green processes. This study aims to fills this research gap by revealing the logical relationship between digital technology and the green development of enterprises. Using China’s A-share-listed companies as the research object from 2013 to 2022, this study employed a two-way fixed-effects model and investigated the impact of artificial intelligence (AI) on corporate green process innovation and the moderating effect of multidimensional intellectual capital. The results revealed that AI positively impacts corporate green process innovation. Human capital, structural capital, employed capital, and relational capital strengthen this positive effect. Robustness tests validated these conclusions. This study expands the literature on digital technology and corporate green innovation and provides a reference for enterprises to implement green practices using digital technology. Full article

Intellectual capital (IC) has been an important element of business management for some time. Understanding the role of IC and consciously incorporating it into organisational and management processes is one of the key aspects of building unique competitive advantages in the context of sustainable development. The basic goal of the research was to determine which IC components are given greater importance by the management staff of selected Polish enterprises when shaping their operating strategy and which elements are the object of greater concern during everyday functioning. A statistical analysis of the survey results obtained was carried out, allowing for the characterisation of both the phenomena and trends in the entire surveyed population and taking into account the division criteria related to the size of enterprises and the specificity of their activities. The basic research instrument consisted of a questionnaire. This study covered the territory of southern Poland. The results showed that there are certain elements of IC that managers focus on in particular, and there are differences in the approach that is related to the selected criteria of analysis. This study adds to the existing knowledge of the key elements of strategy for companies managing strategic capital in the context of sustainable development. Full article

The objective of this study is to analyze the impact of intellectual capital (IC) and its components on firm financial performance using data from Chinese agricultural listed companies during 2015–2020. The moderating role of board diversity in the relationship between IC and firm financial performance is also tested. The modified value-added intellectual coefficient (MVAIC) model is used to measure IC, and board diversity is measured by several indicators, such as diversity in gender, experience, professional background, and educational background. The results suggest that the overall IC and only one element (human capital) positively influence firm financial performance. Diversity in gender, professional background, and educational background positively moderate the relationship between IC and financial performance, while experience diversity has a negative moderating effect. Among IC components, experience diversity, and educational background diversity negatively moderate the relationship between human capital and financial performance. In addition, gender diversity and experience diversity have a negative moderating effect on the relationship between physical capital and financial performance, while professional background diversity and educational background diversity have a positive moderating effect. This study can provide some new insights for managers to devise strategies to improve IC performance and strengthen corporate governance in order to achieve sustainable development of the agricultural industry. It also can guide policymakers in making policies to improve IC efficiency and firm performance. Full article