Search Results (2,155)

Natural resource assets inherently integrate tripartite synthesis of legal, economic, and ecological attributes. They serve dual critical functions as foundational elements supporting the evolution of new-quality productive forces and pivotal mechanisms safeguarding ecosystemic integrity. It has become a global consensus and direction of action to advance comprehensive supervision of natural resource assets and practice the concept of “Community of Life for Human and Nature”. Under the background of the super-ministry system restructuring in China, comprehensive supervision of natural resource assets remains challenged by system fragmentation in supervision objectives and multifaceted interest conflicts among stakeholders. In light of this, this research focuses on the theoretical justification and system optimization of the comprehensive supervision of natural resource assets in China. Using comparative analysis and normative analysis methods, we validate the system’s function on the comprehensive supervision of natural resource assets, summarize foreign experiences, and ultimately aim to explore the optimization pathway of the legal system for the comprehensive supervision of natural resource assets. The results show the following: (1) The choice of the legal system for the comprehensive supervision of natural resource assets emerges as the functional product aligning societal objectives, the rational paradigm for achieving efficient resource allocation, and the adaptive response to the external effects of common property. (2) The system supply of comprehensive supervision of natural resource assets in foreign countries is characterized by normative convergence in conceptual elements and typological categorization in objectives and objects. Therefore, this research recommends that, in order to optimize the system of the comprehensive supervision of natural resource assets in China, (1) in terms of protection of source, natural resource assets should be categorized, with operational natural resource assets focusing on management and public welfare natural resource assets focusing on conservation. (2) In terms of valuation, the economic valuation of natural resource assets should be integrated with ecosystem service assessments to enhance fair market equity. (3) In terms of method, the big data center should be established to enable the synergistic integration of technological innovation and system reforms. (4) In terms of subject, requiring the participation of various government departments, non-governmental organizations, the general public, and other parties could realize the connection of different legal bases for the comprehensive supervision of natural resource assets and the balance of multiple rights and interests, which should help to achieve balanced resource efficiency and biodiversity conservation and safeguard national ecological security. Full article

Artisanal fishing is a central pillar of the Angolan economy, particularly in the southern province of Namibe, where it serves as the primary economic activity for numerous coastal communities. However, these communities face significant challenges, including competition from expanding industrial fisheries and inadequate infrastructure at fishing centers, which hampers the storage, preservation, and transportation of catches. These limitations contribute to post-harvest losses and the reduced market value of products, despite the region’s rich diversity of pelagic and demersal resources. This study evaluated the economic viability of artisanal fishing in Namibe under three production scenarios, varying in catch levels and the inclusion of fish processing activities such as dried fish and fishmeal production. Scenario A (pessimistic) assumed a 10% reduction in production compared to the best estimates; Scenario B (intermediate) was based on average reported catches; and Scenario C (optimistic) considered a 10% increase in catches, accounting for seasonal and environmental variability. Results indicated that artisanal fishing was economically viable under all scenarios, with the Internal Rate of Return (IRR) consistently exceeding the Minimum Attractive Rate of Return (MARR) of 7.5%. IRR values ranged from 34.30% (Scenario A, without by-product commercialization) to 106.28% (Scenario C, with dried fish and fishmeal production and sales), representing a more than threefold increase in profitability. This substantial gain underscores the transformative potential of processing by-products into higher-value commodities, enabling integration into larger-scale and more liquid markets. Such value addition supports the concept of a proximity economy by promoting short production cycles, reducing intermediaries, and strengthening local value chains. Beyond financial returns, the findings suggest broader socioeconomic benefits, including local economic growth, job creation, and the preservation of traditional production knowledge. The payback period was less than four years in all cases, decreasing to 1.94 years in the most favorable scenario. By-products such as dried fish and fishmeal exhibit commodity-like characteristics due to their higher commercial value, increasing demand, and potential integration into regional and animal feed markets. In conclusion, diversifying marketing strategies and maximizing the use of fish resources can significantly enhance the economic sustainability of artisanal fishing, foster socioeconomic inclusion, and support the development of artisanal fishing communities in Namibe. Full article

This study investigates the perceptions of economics students from Romania’s Central Region regarding the global phenomena of globalization, localization, and slowbalization (GLS), analyzed through the lens of environmental, economic, and educational sustainability. The research highlights a high level of awareness and understanding of globalization and localization, while the concept of slowbalization remains relatively unfamiliar and often perceived with uncertainty or neutrality. Most respondents view globalization as the most sustainable model for long-term economic development, emphasizing its contributions to international trade, market expansion, investment flows, and access to global education and research. At the same time, localization is recognized for its role in preserving cultural identity, strengthening local economies, and addressing pressing environmental issues through low-carbon solutions. Regarding educational sustainability, students support a hybrid model that balances global exposure with the appreciation of local knowledge and traditions—a glocal approach particularly endorsed by master’s students. The study also reveals statistically significant differences between undergraduate and graduate respondents, indicating more mature perspectives among those in advanced studies. The paper could help in course design and lesson engagement and concludes by recommending curricular reforms in economic education and proposing future interdisciplinary, comparative, and qualitative research to deepen understanding of GLS dynamics, particularly in the context of emerging global trends and technological transformations. Full article

Globally, 93 million cars are currently produced, with Toyota accounting for about 10% of the global market. However, its position is more modest in the Electric Vehicle (EV) industry. The automotive industry in Romania began at Dacia Pitesti in the 1970s, based on a license obtained from Renault. This research explores how a profound strategic vision, inspired by Sun Tzu’s philosophy, can influence a company’s organizational structure over time. In Toyota’s case, this vision resulted in a dealer network that functions not only as a logistics system but also as a holonic system. The study is based on 194 questionnaires administered by the authors, along with 40 interviews with managers and specialists from Toyota Dealers Romania. Its novelty lies in analyzing the Toyota Dealer System (TDS) through the concept of holonic networks. The study concludes that the success of keiretsu groups is explained by combining Sun Tzu’s thinking with the principles of holonic networks. The findings are valuable both conceptually, for future research, and practically, as they offer clear directions for developing strategies and organizing a company’s market relationships. Full article

Soft gels, such as hydrogels, organogels, aerogels, and bigels, represent versatile materials that are increasingly utilized within food systems to modify texture, regulate nutrient delivery, serve as fat substitutes, and enhance product shelf life. Their structural diversity and tunable properties enable targeted solutions for healthier, more sustainable, and consumer-centric products. This review provides a critical overview of recent advances in soft gel science, emphasizing industrial feasibility, regulatory compliance, and strategies to overcome commercialization barriers such as cost, scalability, and consumer acceptance. For each gel type, we compare functional performance with conventional structuring and encapsulation systems, highlighting cases where soft gels offer superior stability, bioactive protection, or caloric reduction. We also examine emerging applications, including gel-based frying media, 3D printing, and nano-enabled formulations, alongside potential risks related to long-term exposure and bioaccumulation. Regulatory frameworks across major jurisdictions are summarized, and sustainability considerations, from sourcing to life cycle impact, are discussed. By integrating technological innovation with safety, regulatory, and market perspectives, this review identifies key research priorities and practical pathways for translating soft gel technologies from laboratory concepts into commercially viable, health-driven food solutions. Full article

This paper presents a novel integration of bioclimatic-passive architectural elements—Trombe walls, pergolas, and deciduous climbers—in the context of residential buildings in Eastern and Central Europe, a combination that remains largely underexplored in the current literature. The innovativeness of the proposed concept is reflected in the combined use of the following building elements: three types of passive Trombe wall (single-glazed, double-glazed, and triple-glazed), pergolas, and four types of deciduous climbers (V. coignetiae, H. lupulus, W. sinensis, and A. macrophylla). By using meteorological data for the towns Kragujevac and Kielce, the influence of location parameters for two dominant European climate zones (moderate continental and continental) is also included in this investigation. The initial single-family building models were created following the Serbian and Polish rulebooks on energy efficiency for new buildings and equipped with the same thermo-technical systems and people occupancy conditions. Based on the conducted simulations (using Google SketchUp 8 and EnergyPlus 7.1) and obtained results on the annual level, the following main conclusions can be drawn: (1) a moderate continental climate is more suitable for implementing the proposed concept; (2) a single-glazed passive Trombe wall is not energy or environmentally justified; (3) the energy, environmental, and economic benefits for both selected locations are greatest in the case of the combined use of pergolas, V. coignetiae, and triple-glazed passive Trombe wall; and (4) before the wider commercial application of the proposed concept in the future, efforts should be made to explore economic opportunities, which, among other things, involve a focus on market stability and accessibility. Full article

Emerging technologies present significant challenges for society as a whole. Among these, Artificial Intelligence (AI) stands out for its transformative potential, with the capacity to fundamentally reshape human thought, behavior, and lifestyle. This article seeks to explore the business-oriented perspective on how AI should be approached in Higher Education (HE) in order to serve the commercial objectives of companies. The motivation for this inquiry stems from recurrent criticisms directed at HE institutions, particularly their perceived inertia in adopting innovations, resistance to change, and delayed responsiveness to evolving labor market demands. In this context, the study examines what businesses deem essential for universities to provide in the context of AI familiarity and examines how companies envision future collaboration between the business sector and Higher Education institutions in using AI for business applications. Adopting a qualitative research methodology, this study conducted interviews with 16 middle-management representatives from international corporations operating across diverse industries. The data were analyzed using Gioia’s methodology, which facilitated a structured identification of first-order concepts, second-order themes, and aggregate dimensions. This analytical framework enabled a nuanced understanding of business expectations regarding the role of HE institutions in preparing graduates capable of meeting economic and commercial imperatives under the pressure of AI diffusion. Full article

This study investigated the reproductive and economic costs of four estrus synchronization protocols in multiparous Holstein dairy cows: Ovsynch with one or two artificial inseminations (AIs), and Double Ovsynch with one or two AIs. A total of 216 clinically healthy cows were randomly assigned to one of the four treatment groups (n = 54 each). Pregnancy diagnosis was performed by transrectal ultrasonography at 33 days post insemination. Economic calculations included the cost of hormonal treatments, insemination, and pregnancy diagnosis, reflecting market prices in large scale Romanian dairy operations. The highest pregnancy rate (64.8%) and lowest cost per confirmed pregnancy (EUR 89.51) were achieved in the group treated with Double Ovsynch followed by a single AI. The standard Ovsynch protocol with one AI yielded the lowest conception rate (42.6%), indicating limited effectiveness under fixed-time AI conditions. These findings suggest that Double Ovsynch with a single insemination is the most effective and economically viable protocol for reproductive management in intensively managed dairy herds. Full article

This paper refers to the discussion on how to implement socially responsible measures in agribusiness, a complex and often heterogeneous system. It indicates the similarities between Corporate Social Responsibility and Agribusiness Social Responsibility as well as the unique characteristics that distinguish agribusiness. The focus was on the analysis of the processes taking place in the supply chain of the pig market operating in Poland, due to the author’s detailed knowledge of the phenomena taking place there. As part of these considerations, the following three key questions were asked: (1) What are the differences between the definitions of CSR and ASR, and is there any reason to define the two concepts separately? (2) Which links in the food supply chain require particular attention when implementing social responsibility? (3) To what extent should social responsibility principles be adhered to on a voluntary basis? The analyses were based on a critical review of the literature on the subject, inspired by Denyer and Tranfield’s literature review structure. The following two repositories were used: Google Scholar, which is publicly available, and Web of Science, which is a licensed network. The study found that, despite significant similarities between ASR and CSR, fundamental differences exist. Understanding the specific nature of agribusiness social responsibility requires not only accepting its differences but, above all, taking a holistic view of the processes accompanying food production, processing, and distribution. Furthermore, it requires considering the economic, organizational, and social diversity of entities comprising the food supply chain. Full article

This theoretical essay aims to analyze some of the socio-economic innovations introduced by Platform Capitalism Specifically, it focuses on two main aspects: first, the digital platform as a radical organizational innovation. Digital platforms represent a structural novelty in the market economy, signaling a new organization of production and labor. Second, the essay examines the role of platforms in directly generating value through the concept of “network value”. To this end, it explores the function of “business intelligence” as a strategic and competitive tool. Finally, the paper discusses the key issues associated with platform capitalism, which could threaten its social sustainability and contribute to economic and financial instability. These issues include the increasing commodification of everyday activities, the devaluation of paid labor in favor of free production driven by platform users (the so-called prosumers), and the emergence of proprietary and financial monopolies. Hence, digital platforms do not inherently ensure comprehensive social and environmental sustainability unless supported by targeted economic policy interventions. Conclusively, it is emphasized that defining robust social welfare frameworks—which account for emerging value creation processes—is imperative. Simultaneously, policymakers must incentivize the proliferation of cooperative platforms capable of fostering experimental circular economy models aligned with ecological sustainability. Full article

The ongoing degradation of global forests has severely weakened ecosystem service functions, and traditional judicial remedies have struggled to quantify intangible ecological losses. China has become an important testing ground for restorative justice through the establishment of specialized environmental courts and the practice of environmental public interest litigation. Since 2015, China has actively explored and institutionalized the application of the concept of restorative justice in its environmental justice reform. This concept emphasizes compensating environmental damages through actual ecological restoration acts rather than relying solely on financial compensation. This shift reflects a deep understanding of the limitations of traditional environmental justice and an institutional response to China’s ecological civilization construction, providing critical support for forest ecosystem restoration and enabling ecological restoration activities, such as replanting and re-greening, habitat reconstruction, etc., to be enforced through judicial decisions. This study conducts a qualitative analysis of judicial rulings in forest restoration cases to systematically evaluate the effectiveness of restorative justice in compensating for losses in forest ecosystem service functions. The findings reveal the following: (1) restoration measures in judicial practice are disconnected from the types of ecosystem services available; (2) non-market values and long-term cumulative damages are systematically underestimated, with monitoring mechanisms exhibiting fragmented implementation and insufficient effectiveness; (3) management cycles are set in violation of ecological restoration principles, and acceptance standards lack function-oriented indicators; (4) participation of key stakeholders is severely lacking, and local knowledge and professional expertise have not been integrated. In response, this study proposes a restorative judicial framework oriented toward forest ecosystem services, utilizing four mechanisms: independent recognition of legal interests, function-matched restoration, application of scientific assessment tools, and multi-stakeholder collaboration. This framework aims to drive a paradigm shift from formal restoration to substantive functional recovery, providing theoretical support and practical pathways for environmental judicial reform and global forest governance. Full article

Ecosystem services—the benefits humans derive from nature—are foundational to environmental sustainability and economic well-being, with carbon sequestration and storage standing out as critical regulating services in the fight against climate change. This study presents a comprehensive financial valuation of the carbon sequestration, storage and product substitution ecosystem services provided by the Hungarian forest-based sector. Using a multi-scenario framework, four complementary valuation concepts are assessed: total carbon storage (biomass, soil, and harvested wood products), annual net sequestration, emissions avoided through material and energy substitution, and marketable carbon value under voluntary carbon market (VCM) and EU Carbon Removal Certification Framework (CRCF) mechanisms. Data sources include the National Forestry Database, the Hungarian Greenhouse Gas Inventory, and national estimates on substitution effects and soil carbon stocks. The total carbon stock of Hungarian forests is estimated at 1289 million tons of CO₂ eq, corresponding to a theoretical climate liability value of over EUR 64 billion. Annual sequestration is valued at approximately 380 million EUR/year, while avoided emissions contribute an additional 453 million EUR/year in mitigation benefits. A comparative analysis of two mutually exclusive crediting strategies—improved forest management projects (IFMs) avoiding final harvesting versus long-term carbon storage through the use of harvested wood products—reveals that intensified harvesting for durable wood use offers higher revenue potential (up to 90 million EUR/year) than non-harvesting IFM scenarios. These findings highlight the dual role of forests as both carbon sinks and sources of climate-smart materials and call for policy frameworks that integrate substitution benefits and long-term storage opportunities in support of effective climate and bioeconomy strategies. Full article

This study dives into what drives people to use AR filters in the catering industry, focusing on the Hong Kong market. The main idea is to determine how “perceived value” shapes users’ intentions to engage with these filters. To do this, the research combines concepts from two popular models—the extended Technology Acceptance Model (TAM) and the Satisfaction–Loyalty Model (SLM)—to understand what influences perceived value. The survey data were then analyzed with Structural Equation Modeling (SEM) to see how perceived usefulness, enjoyment, satisfaction, and value connect to users’ intentions. The results showed that “perceived value” is a big deal—the main factor driving whether people want to use AR filters. Things like how useful or enjoyable the filters are and how satisfied users feel all play a role in shaping this perceived value. These findings are gold for marketing teams and AR developers, especially in the catering world. Combining TAM and the Satisfaction–Loyalty Model offers a fresh perspective on how AR technology influences consumer behavior. On top of that, it gives practical advice for businesses looking to make the most of AR filters in their marketing and customer experience strategies. Full article

This paper develops a unified framework for mathematical finance under general semimartingale models that allow for dividend payments, negative asset prices, and unbounded jumps. We present a rigorous approach to the mathematical modeling of financial markets with dividend-paying assets by defining appropriate concepts of numéraires, discounted processes, and self-financing trading strategies. While most of the mathematical results are not new, this unified framework has been missing in the literature. We carefully examine the transition between nominal and discounted price processes and define appropriate notions of admissible strategies that work naturally in both settings. By establishing the equivalence between these models and providing clear conditions for their applicability, we create a mathematical foundation that encompasses a wide range of realistic market scenarios and can serve as a basis for future work on mathematical finance and derivative pricing. We demonstrate the practical relevance of our framework through a comprehensive application to dividend-paying equity markets where the framework naturally handles discrete dividend payments. This application shows that our theoretical framework is not merely abstract but provides the rigorous foundation for pricing derivatives in real-world markets where classical assumptions need extension. Full article

To ensure stability and transparency in the European logistics sector, in May 2017, the European Commission presented several proposals to change the regulation of the market—in particular, market access, driving and rest periods, and business trips. In the development of this package, several unfavourable decisions were made that go against Lithuanian transport companies, which will have a significant impact on the companies’ finances, as the frequent return of trucks will lead to additional fuel costs and is also in contradiction with the concept of green logistics. Thus, it is essential to study the Mobility Package’s pros and cons and compare researchers’ views. Accordingly, the subject of this article is the impact of the Mobility Package on Lithuanian logistics companies. This article employs various methods, including an analysis of the scientific literature and legislation, statistical data analysis, PEST analysis, and qualitative research based on expert interviews. The results allow us to identify that the content of the Mobility Package is driven by the goal of ensuring equivalent working conditions throughout the EU, which in this case is the most important object of the legal changes. Also, based on the results obtained, it can be stated that Lithuanian logistics companies that want to remain in the market have several solutions they can employ to achieve that goal, and to support their efforts, a competitiveness improvement model for Lithuanian logistics companies has been developed. Full article