Search Results (179)

Against the backdrop of the growing popularity of blockchain technology, this study investigates blockchain adoption strategies for the fresh food supply chain (FFSC) under a carbon cap-and-trade (CAT) policy. Taking a two-echelon supply chain consisting of a supplier and a retailer as an example, we designed four blockchain adoption modes based on the supplier’s strategy (adopt or not) and the retailer’s strategy (adopt or not). Combining influencing factors such as consumers’ low-carbon preference, consumers’ freshness preference, and carbon trading price (CTP), we established four game-theoretic models. Using backward induction, we derived the equilibrium strategies for the supplier and retailer under different modes and analyzed the impact of key factors on these equilibrium strategies. The analysis yielded four key findings: (1) BB mode (both adopt blockchain) is the optimal adoption strategy for both FFSC parties when carbon prices are high, and consumers exhibit strong dual preferences. It most effectively mitigates the negative price impact of rising carbon prices by synergistically enhancing emission reduction efforts and freshness preservation efforts, thereby increasing overall profits and achieving a Pareto improvement in the benefits for both parties. (2) Consumers’ low-carbon preference and freshness preference exhibit an interaction effect. These two preferences mutually reinforce each other’s incentive effect on FFSC efforts (emission reduction/freshness preservation). Blockchain’s information transparency makes these efforts more perceptible to consumers, forming a synergistic “emission reduction-freshness preservation” cycle that further drives sales and profit growth. (3) The adoption of blockchain by either the supplier or the retailer significantly lowers the cost threshold for the other party to adopt blockchain, thereby increasing their willingness to adopt. (4) CAT and consumer preferences jointly influence the adoption strategies of suppliers and retailers. Additionally, the adoption strategies of FFSC participants are also affected by the other party’s blockchain adoption status. Drawing on the above conclusions, this study provides actionable guidance for suppliers and retailers in selecting optimal blockchain adoption strategies. Full article

Unregulated herbal products marketed via digital platforms present escalating risks to consumer safety and regulatory effectiveness worldwide. This study positions the case of Jindamanee herbal powder—a banned substance under Thai law—as a lens through which to examine broader challenges in digital health governance. Drawing on a dataset of 1546 product listings across major platforms (Facebook, TikTok, Shopee, and Lazada), we applied Latent Dirichlet Allocation (LDA) to identify prevailing promotional themes and compliance gaps. Despite explicit platform policies, 87.6% of listings appeared on Facebook. Medical claims, particularly for pain relief, featured in 77.6% of posts, while only 18.4% included any risk disclosure. These findings suggest a systematic exploitation of regulatory blind spots and consumer health anxieties, facilitated by templated cross-platform messaging. Anchored in Information Manipulation Theory and the Health Belief Model, the analysis offers theoretical insight into how misinformation is structured and sustained within digital commerce ecosystems. The Thai case highlights urgent implications for platform accountability, policy harmonization, and the design of algorithmic surveillance systems in global health product regulation. Full article

Against the backdrop of economic globalization and the increasing adoption of ESG principles, the phenomenon of Chinese private firms’ actual controllers obtaining foreign residency rights has garnered societal attention. Among the emerging issues, “whether and how actual controllers’ foreign residency rights influence corporate greenwashing behavior” has become a critical theoretical and practical concern. This study examines Chinese privately listed A-share companies in heavily polluting industries from 2010 to 2021, employing text analysis to identify symbolic and substantive environmental behaviors through the lens of environmental information disclosure, thereby constructing a comprehensive greenwashing measurement index system. The findings reveal a significant positive correlation between actual controllers’ foreign residency rights and corporate greenwashing, with this effect demonstrating long-term persistence. Heterogeneity analysis indicates that this relationship is more pronounced in companies where actual controllers exercise direct control compared to those with indirect control. Further tests demonstrate that enhanced internal control quality, increased media scrutiny, and stringent audit supervision can effectively mitigate the greenwashing-promoting effect of actual controllers’ foreign residency rights. The conclusions not only extend the theoretical framework of how executive characteristics influence corporate decision-making but also provide a reference governmental departments can use to improve the environmental regulatory policies of affiliates of holders of overseas residency rights. Full article

Although carbon emissions trading systems are universally acknowledged as one of the most potent policy instruments for counteracting hazardous climate trends, and digitalization is seen as a favorable technological means to promote corporate green and low-carbon transformation, few studies have investigated the dark side of both. Using data on Chinese listed companies from 2011 to 2020 and adopting a multi-period DID methodology, this research reveals that, in response to the carbon emissions trading system, firms often adopt low-cost, strategic environmental governance behaviors—namely, carbon washing—to reduce compliance costs and maintain their reputation and image. Furthermore, the study reveals that the information advantages of digital transformation create conditions for the opportunistic manipulation of carbon disclosure. Digitalization amplifies the positive influence of the carbon trading system on corporate carbon washing behavior. Mechanism analysis confirms that the carbon emissions trading system increases the production costs of regulated firms, thereby increasing their carbon washing behavior. Economic consequence analysis confirms that firms engage in carbon washing to gain legitimacy and maintain their reputation and image, which may allow them to obtain opportunistic benefits in the capital market. Finally, this study suggests that the government should adopt supplementary policy tools, such as environmental subsidies, enhanced use of digital technologies to strengthen regulatory capacity, and increased media oversight, to mitigate the unintended consequences of the carbon trading system on corporate behavior. Full article

Corporate environmental claims often neglect the substantial ecological impact of land-use changes. This case study examines the spatial dimension of retail-driven land-use transformation by analyzing supermarket expansion in the Veneto region (northern Italy), with a focus on a large grocery retailer. We evaluated its corporate environmental claims by assessing land consumption patterns from 1983 to 2024 using Geographic Information Systems (GIS). The GIS-based methodology involved geocoding 113 Points of Sale (POS—individual retail outlets), performing photo-interpretation of historical aerial imagery, and classifying land-cover types prior to construction. We applied spatial metrics such as total converted surface area, land-cover class frequency across eight categories (e.g., agricultural, herbaceous, arboreal), and the average linear distance between afforestation sites and POS developed on previously rural land. Our findings reveal that 65.97% of the total land converted for Points of Sale development occurred in rural areas, primarily agricultural and herbaceous lands. These landscapes play a critical role in supporting urban biodiversity and providing essential ecosystem services, which are increasingly threatened by unchecked land conversion. While the corporate sustainability reports and marketing strategies emphasize afforestation efforts under their “We Love Nature” initiative, our spatial analysis uncovers no evidence of actual land-use conversion. Additionally, reforestation activities are located an average of 40.75 km from converted sites, undermining their role as effective compensatory measures. These findings raise concerns about selective disclosure and greenwashing, driving the need for more comprehensive and transparent corporate sustainability reporting. The study argues for stronger policy frameworks to incentivize urban regeneration over greenfield development and calls for the integration of land-use data into corporate sustainability disclosures. By combining geospatial methods with content analysis, the research offers new insights into the intersection of land use, business practices, and environmental sustainability in climate-vulnerable regions. Full article

This study examines the impact of capital market openness on corporate green total factor productivity (GTFP) using a quasi-natural experiment based on the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect policies. Employing a multi-period difference-in-differences (DID) approach, the findings reveal that capital market openness significantly enhances corporate GTFP through two primary mechanisms: strengthening firms’ green financial resources and technological innovation (green “hard strength”) and improving corporate environmental governance, green information disclosure, and managerial green expertise (green “soft strength”). Further heterogeneity analysis suggests that firms with greater institutional investor engagement, higher market competition, and non-state ownership exhibit stronger responses. These results provide policy insights into leveraging financial liberalization to drive corporate sustainability and green economic growth. This study highlights the role of financial markets in supporting global carbon neutrality and sustainable development goals. Full article

In 2020, the Chinese government announced the “Dual Carbon” goals, making carbon responsibility the most prominent focus within the Environmental, Social, and Governance (ESG) practices of Chinese firms. This shift creates a new type of ESG-washing, a practice involving the selective disclosure of information that portrays the firm in a favorable light, thereby leading stakeholders to overestimate its ESG performance. In this study, we define a novel type of ESG-washing behavior called “ESG carbonwashing”, in which firms disproportionately highlight their carbon responsibility initiatives while overlooking other dimensions of ESG. By adopting a strategy of excessively emphasizing their carbon-related efforts in ESG activities, these firms mislead stakeholders about their overall ESG performance. Using a sample of 59 high-carbon-emitting firms listed on the Shanghai and Shenzhen A-share markets from 2018 to 2022, we construct a systematic framework to measure the extent of ESG carbonwashing and further analyze its temporal and industry-level variations. Our key findings indicate that: (1) ESG carbonwashing has significantly increased alongside the rollout of the “Dual Carbon” policy; (2) there are significant inter-industry differences, with the steel and aviation sectors exhibiting the highest levels of ESG carbonwashing, while the building materials industry shows the lowest. This study offers valuable guidance for ESG information users in detecting and mitigating carbonwashing practices, while also providing robust empirical support for refining relevant regulatory frameworks. Full article

Using 2010–2019 data from 404 listed construction companies in China, we explore the relationship between perception of economic policy uncertainty (PEPU) and energy consumption intensity (ECI) based on a fixed effects model controlling for company, year, and city fixed effects, with standard errors clustered at the industry level. The results show that the perception of economic policy uncertainty reduces construction enterprise energy consumption intensity, and this result holds after a series of robustness and endogeneity tests. Further, this effect is stronger in firms with more green shareholders, environmental information disclosure, and external attention. Moreover, mechanism analysis indicates that internal control enhancement and green innovation improvement, including quantity and quality, are the underlying channels through which the perception of economic policy uncertainty influences energy consumption intensity. Full article

Based on a sample of A-share companies listed on the Shanghai Stock Exchange and the Shenzhen Stock Exchange from 2011 to 2022, this paper measures and analyzes the degree of enterprises’ digital–green synergy and further tests the influence mechanism of fintech on enterprises’ digital–green synergistic development. It is found that fintech has a significant positive effect on enterprises’ digitization, enterprises’ greening, and their digital–green synergistic development, and the conclusion still holds after robustness and endogeneity tests. A heterogeneity analysis shows that the heterogeneity of enterprises’ size and the degree of industry emissions affects the promotional effect of fintech on the synergy. Fintech effectively promotes enterprises’ digital–green synergistic development through the three channels of green innovation, efficiency enhancement, and environmental information disclosure, and the heterogeneity of the executive team’s ages and the heterogeneity of their occupational backgrounds have a positive moderating effect on the promotional effect of fintech. The findings provide a conceptual framework and policy formulation guidelines for fintech to support the promotion of enterprises’ digital–green synergy and the improvement of new-quality productivity. Full article

This study examines the causal and dynamic effects of carbon information disclosure on firm value, using a policy-driven setting in China’s carbon-intensive industries. In 2018, the Ministry of Ecology and Environment implemented a regulatory policy requiring internal carbon accounting and third-party verification for carbon-intensive enterprises, without mandating public disclosure. This exogenous policy shock offers a quasi-natural experiment to investigate how firms in carbon-intensive industries respond to environmental mandates through voluntary disclosure and how such disclosure affects their market valuation. Employing a difference-in-differences framework combined with two-stage least squares estimation, we identify a significant increase in carbon information disclosure following the policy intervention. This disclosure leads to a positive and growing effect on firm value, particularly when sustained over multiple years. Moreover, the valuation effect is moderated by regional environmental regulation: firms in areas with lower enforcement intensity benefit more from disclosure, as the signal is perceived to be more voluntary and credible. These findings provide robust causal evidence on the role of carbon information disclosure in shaping market outcomes under regulatory pressure. The study contributes to the literature on environmental regulation and corporate financial behavior in emerging markets. Full article

Based on sample data from A-share listed heavy polluters from 2012 to 2021, this paper adopts the double-difference method to explore the influence of the construction of national pilot zone for ecological conservation on the ESG performance of heavily polluting enterprises. Following several robustness tests, this study argues that the ESG performance of heavy-polluting companies is significantly enhanced by the construction of the national pilot zone for ecological conservation. Specifically, the construction of the pilot zone enhances the ESG performance of heavy polluters by easing financing constraints. The enhancing effect of the construction of the pilot zone on the ESG performance of heavy polluters is more prominent in terms of strengthening social responsibility and optimizing governance structure. Additionally, improving heavily polluting enterprises’ ESG performance is demonstrated to effectively enhance their financial performance. The facilitating effect of the construction of the pilot zone on ESG performance is more obvious among state-owned enterprises, enterprises with high media attention, enterprises established at a late stage, and enterprises with high-quality environmental information disclosure. This study offers an empirical foundation for the government to develop policies regarding the establishment of pilot zones and for heavily polluting enterprises to enhance their ESG performance. Full article

Faced with mounting pressure to achieve high-quality green transformation, manufacturing enterprises are increasingly scrutinized for greenwashing behaviors. This study develops a novel hybrid modeling framework that combines evolutionary game theory with the SEIR epidemic model to investigate the dynamic interactions between environmental regulation, media pressure, and green innovation behavior. The model captures how strategic decisions among boundedly rational actors evolve over time under dual external pressures. Simulation results show that stronger environmental regulatory intensity accelerates the adoption of substantive green innovation and concurrently reduces the media pressure associated with greenwashing. Moreover, while social media disclosure has a limited impact during the early stages of greenwashing information diffusion, its influence becomes significantly amplified once a critical dissemination threshold is surpassed, rapidly transforming latent information into widespread public concern. This amplification triggers significant public opinion pressure, which, in turn, incentivizes local governments to enforce stricter environmental policies. The findings reveal a synergistic governance mechanism where environmental regulation and media scrutiny jointly curb greenwashing and foster genuine corporate sustainability. Full article

Background: Sexual violence against adolescents and young people (AYP) remains a public health concern. This study explores patterns of sexual violence and help-seeking behaviour as well as their associated risk/protective factors with guidance of a technical package (INSPIRE) designed to reduce sexual violence in low-resource settings. Methods: The 2019 Violence Against Children Survey (VACS) dataset comprises 788 males and 1344 females. After describing the prevalence and patterns of sexual violence and help-seeking behaviour (informal disclosure, knowledge of where to seek formal help, seeking formal help, and receipt of formal help) among 13- to 24-year-old AYP, logistic regression models were then fitted to predict past-year sexual violence and informal disclosure among adolescent girls and young women (AGYW). Results: More young women than young men informally disclosed sexual violence experience (46% versus 23%). Gender inequitable attitudes [AOR 3.07 (1.10–8.56); p = 0.03], experiencing emotional violence at home [AOR 2.11 (1.17–3.81); p = 0.01] and cyberbullying [AOR 5.90 (2.83–12.29); p = 0.00] were identified as risk factors for sexual violence among AGYW. Life skills training [AOR 0.22 (0.07–0.73); p = 0.01] and positive parental monitoring [AOR 0.31 (0.10–0.99); p = 0.05] were found to be protective against sexual violence among AGYW. Positive parental monitoring [AOR 3.85 (1.56–9.46); p = 0.00] was associated with an increased likelihood of informal disclosure among AGYW. Conclusions: As Kenya intensifies efforts towards sexual violence prevention, this study underscores the need to develop and strengthen policies and programs on life skills training, cultural norms, and positive parenting, as well as improve awareness and access to post-violence response and support services. Full article

The design of a country’s nuclear energy development policy and legal system is crucial to the development of its nuclear energy industry, and thus also affects international issues such as climate change and energy green and low-carbon transformation. Under such a “Nuclear Relaunch” era that the world is experiencing, China’s nuclear power installed capacity has reached second in the world, and China’s nuclear energy policies and laws will have a significant impact on the development of civil nuclear energy worldwide. Therefore, it is crucial to reflect on the problems existing in China’s nuclear legal system and theoretical research and propose corresponding amendments based on the review of China’s existing nuclear energy policy and law and the comparison with the relevant system design of other countries. This paper first extracts the common clues of nuclear power development in the world through historical and comparative studies on the development of nuclear energy policies and laws in China and other countries in the world. Secondly, combined with relevant data such as the scale of China’s nuclear power industry, the number and focus of policies and laws, this paper comprehensively analyzes and points out the current practical difficulties faced by China’s nuclear energy policies and laws from an empirical perspective. Finally, in response to these practical difficulties, this paper will propose amendments such as promoting atomic energy legislation, improving the nuclear safety legal standard system and independent supervision system, and strengthening information disclosure in the field of nuclear energy. Full article

Environmental information disclosure, a key tool in modern environmental governance, drives green technology innovation and sustainable development. In this study, we examined how air information disclosure, induced by the issuance of China’s Ambient Air Quality Standards (AAQSs), drives urban sustainable development (USD) through environmental information disclosure. Using a multi-period difference-in-differences model and panel data from 278 cities (2005–2022), we analyzed causal effects, mechanisms, and urban heterogeneity. The findings offer insights for leveraging disclosure to advance urban sustainability. The results showed that AAQSs’ implementation significantly increases USD. Mechanism analysis revealed two mediating pathways: stimulating green technological innovation and enhancing governmental environmental concern. Climate policy uncertainty positively moderates this relationship. Heterogeneity analysis revealed stronger impacts in non-provincial capital cities, non-resource-dependent cities, and regions with weaker sustainable development foundations. The findings provide empirical evidence for leveraging information disclosure to promote green transitions and strengthen environmental concerns. Full article