Search Results (355)

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-Carbon Transition (GLCT) of the economy and the development of New Quality Productive Forces (NQPF). Firms are central actors in this transformation, prompting the core research question: How does corporate engagement in GLCT contribute to the formation of NQPF? We investigate this relationship using panel data comprising 33,768 firm-year observations for A-share listed companies across diverse industries in China from 2012 to 2022. Corporate GLCT is measured via textual analysis of annual reports, while an NQPF index, incorporating both tangible and intangible dimensions, is constructed using the entropy method. Our empirical analysis relies primarily on fixed-effects regressions, supplemented by various robustness checks and alternative econometric specifications. The results demonstrate a significantly positive relationship: corporate GLCT robustly promotes the development of NQPF, with dynamic lag structures suggesting delayed productivity realization. Mechanism analysis reveals that this effect operates through three primary channels: improved access to financing, stimulated collaborative innovation and enhanced resource-allocation efficiency. Heterogeneity analysis indicates that the positive impact of GLCT on NQPF is more pronounced for state-owned enterprises (SOEs), firms operating in high-emission sectors, those in energy-efficient or environmentally friendly industries, technology-intensive sectors, non-heavily polluting industries and companies situated in China’s eastern regions. Overall, our findings suggest that corporate GLCT enhances NQPF by improving resource-utilization efficiency and fostering innovation, with these effects amplified by specific regional advantages and firm characteristics. This study offers implications for corporate strategy, highlighting how aligning GLCT initiatives with core business objectives can drive NQPF, and provides evidence relevant for policymakers aiming to optimize environmental governance and foster sustainable economic pathways. Full article

Amid the rapid development of the digital economy, data elements—emerging as a new type of production factor—are gradually becoming a key resource for enhancing corporate efficiency and promoting high-quality development. The marketization of data elements is also steadily progressing and playing an increasingly important role. Based on data from Chinese A-share listed companies spanning 2007 to 2023, this study systematically evaluates the impact of data element marketization on corporate investment efficiency using a Double Machine Learning approach. The findings reveal that data element marketization significantly improves investment efficiency. Mechanism analysis further demonstrates that such improvement is primarily driven by reduced information dispersion, enhanced risk-bearing capacity, and improved operational efficiency. Heterogeneity analysis indicates that these effects are more pronounced for firms in high-tech industries, high growth potential firms, enterprises located in regions with strong digital infrastructure, and firms experiencing overinvestment problems. This study provides empirical evidence on how the marketization of data elements in China enhances economic outcomes, improving corporate investment decisions, which could serve as a reference for other countries undergoing digital transformation. Full article

Against the backdrop of the accelerated transition to sustainable development in global emerging markets, the synergistic mechanism between environmental governance innovation and corporate green transformation has become a key issue in realizing high-quality development. As the world’s largest emerging economy, China’s new Environmental Protection Law (EPL), implemented in 2015, has promoted green technology innovation and performance improvement of heavily polluting enterprises by strengthening environmental regulation. This paper takes Chinese A-share listed companies as samples from 2012–2023, treats the EPL as a quasi-natural experiment, and applies the DID method to explore the path of its impact on the performance of heavily polluting firms, with a focus on analyzing the mediating effect of green technological innovation and the moderating role of firm size and regional differences. The study revealed the following findings: the implementation of the EPL significantly improves the performance of heavily polluting enterprises, which verifies the applicability of “Porter’s hypothesis” in emerging markets; green technological innovation plays a partly intermediary role in the process of policy affecting enterprise performance, indicating that environmental regulation achieves win–win economic and environmental benefits by driving the innovation compensation mechanism; and there is significant heterogeneity in policy effects, with large-scale firms and firms in the eastern region experiencing more pronounced performance improvements, reflecting differences in resource endowments and institutional implementation strength within emerging markets. This study provides empirical evidence for emerging market countries to optimize their environmental governance policies and construct a “regulation–innovation–performance” synergistic mechanism, which will help green economic transformation and ecological civilization construction. Full article

Digital finance, a financial innovation paradigm driven by the synergy of digital technology and data elements, has significant advantages in enhancing the convenience, accessibility, and security of cross-border transactions. This study empirically examines the impact of digital finance on the development of cross-border e-commerce using provincial-level panel data from China between 2013 and 2023. After a series of robustness tests, the empirical results remained consistent and robust. The study found that digital finance significantly promotes the development of cross-border e-commerce. Further analysis indicated that digital finance enhances its supportive role in cross-border e-commerce by fostering the development of new, high-quality productive forces in the economy. The moderation effect analysis showed that internet penetration rates, innovation capital investment, and the development level of technology markets all have significant positive moderating effects on the role of digital finance in promoting cross-border e-commerce. The heterogeneity test results indicate that in regions with higher levels of marketization and a larger number of enterprises, the promotional effect of digital finance on cross-border e-commerce development is more pronounced. Full article

This study examined how entrepreneurs in the tourism sector can develop competitive advantages in a highly competitive environment. The relationship between innovation strategies, business networks, and service innovation was investigated using a PLS-SEM analysis with a sample of 32 tourism enterprises in Ecuador, namely, Cotacachi, Otavalo, and Quiroga. A structured questionnaire was used to evaluate service innovation, strategic renewal, and the development of business networks. The results indicate that internal knowledge sharing, process optimization, and the creation of new services drive creative strategies. Simultaneously, innovation and strategic renewal are positively associated with participation in business networks. In addition, access to external financing was identified as a key factor in enhancing innovation. These findings underscore the importance of designing public policies that promote tourism innovation through comprehensive programs combining access to finance, strengthened business networks, and internal capacity training. This paper offers strategic insights into the competitiveness and sustainability of tourism enterprises in emerging economies. Full article

Achieving organizational efficiency requires the selection of an appropriate operating model. To date, no objective indicators, methods of measuring, or criteria for evaluating the effectiveness and efficiency of forest management organizations have been developed. In the heterogeneous forest management of the European Union (EU), multiple objectives and functions—from production to social and ecological services—coexist at regional and national levels. This study provides an overview of the organizational and legal forms of EU forestry, taking into account environmental conditions, ownership structures, and the role of the forestry sector in national economies. The legal information of EU countries on forest management was verified. We examine the impact of the entity’s organizational and legal form on the implementation of sustainable forest management and the objectives of the New EU Forest Strategy 2030, particularly in terms of absorbing external capital for forest protection and climate-related activities. Joint stock companies, public institutions, and enterprises are the most relevant. The private sector is dominated by individual farms, associations, chambers of commerce, and federations. A clear trend toward transforming state-owned enterprises into joint-stock companies and expanding their operational scope has been confirmed. Multifunctional forest management is practiced in both state and private forests. Economic efficiency, legal and property liability, and organizational goals depend on the chosen organizational and legal form. Full article

In today’s evolving society, meaningful development cannot be fully realized without acknowledging the vital role of the electronics sector, especially as it functions within informal markets. These markets have become more than just centers of commerce; they serve as informal learning grounds where many young people acquire entrepreneurial skills, develop resilience, and find alternatives to social vices. For many, informal entrepreneurship is not just an option but a means of survival and self-empowerment. Despite their growing relevance, the link between the entrepreneurial abilities nurtured in these informal markets and actual business performance has not been adequately examined. This study, therefore, aimed to explore how informal electronics entrepreneurs in a developing economy navigate their environment, overcome challenges, and create wealth through vision, innovation, and calculated risk-taking. Anchored in institutional theory, the research employed a qualitative approach, using cluster, purposive, and simple random sampling to select participants from key informal business units. Interviews were conducted, transcribed, and analyzed using QSR NVivo 12, allowing for deep insight into the lived experiences of the entrepreneurs. Findings revealed that 78% of participants emphasized practical suggestions that aid informal business survival, such as customer-driven innovations, adaptive strategies, and avoiding confrontations with regulatory agencies. Key attributes such as foresight, adaptability, and risk management accounted for 66% of the variance in corporate success. Strategic and innovative approaches are enabling informal firms to endure and prosper, since 61% of respondents associated these competencies with organizational success. The new BSP framework, which integrates institutional and contingency theories, illustrates how informal enterprises endure by conforming to or opposing institutional pressures and adjusting to environmental changes. The results indicate that, when properly understood and supported, the informal electronics sector may develop sustainably. This study demonstrates that informal entrepreneurship is influenced by formal regulations, informal norms, and local enforcement mechanisms, therefore enhancing institutional theory and elucidating business behavior in developing nations. The Business Survival Paradigm [BSP] illustrates how informal enterprises navigate institutional obstacles to endure. It advocates for policies that integrate the official and informal sectors while fostering sustainable development. The paper advocates for ongoing market research to assist informal firms in remaining up-to-date. It implores authorities to acknowledge the innovative potential of the informal sector and to provide supportive frameworks for sustainable growth and formal transition where feasible. Full article

In the new paradigm where the digital economy is profoundly reshaping urban spatial organization, how the platform economy transcends traditional geographical constraints to restructure the urban system has become a strategic issue in urban geography and regional economics. This study develops an innovative measurement framework based on Business-to-Business (B2B) e-commerce enterprises to analyze platform-driven urban systems across 337 Chinese cities. Using spatial autocorrelation, rank-size distributions, and urban scaling laws, we reveal spatial differentiation patterns of cities’ B2B platforms. Combining Ordinary Least Squares (OLS) and random forest models with Partial Dependence Plots (PDP), Individual Conditional Expectations (ICE), and Locally Weighted Scatterplot Smoothing (LOWESS), we uncover non-linear mechanisms between platform development and urban attributes. Results indicate that (1) B2B platforms exhibit “superliner agglomeration” and “gradient locking”, reinforcing advantages in top-tier cities; (2) platform effects are non-linear, with Gross Domestic Product (GDP), Information Technology (IT) employment, and service sector shares showing threshold-enhanced marginal effects, while manufacturing bases display saturation effects; and (3) regional divergence exists, with eastern consumer-oriented platforms forming digital synergies, while western manufacturing platforms face path dependence. The findings highlight that platform economy evolution is shaped by a “threshold–adaptation–differentiation” mechanism rather than neutral diffusion. This study provides new insights into urban system restructuring under digital transformation. Full article

In the digital and low-carbon economy context, climate policy uncertainty’s (CPU) influence on corporate technological innovation has attracted increasing attention. However, prior studies mainly focused on the negative cost effects or singular incentive impacts of CPU on corporate innovation, with limited exploration of its non-linear effects, especially in the new scenario of the integrated development of digital and low-carbon economies. This study fills this gap by using a comprehensive dataset of China’s A-share listed companies from 2007 to 2023 and employing a fixed-effects model. It investigates how CPU impacts corporate technological innovation through the lens of digital peer effects within the same industry and region. The findings reveal a dual “inverted U-shaped” effect of CPU on corporate innovation capabilities: moderate CPU stimulates innovation via increased government subsidies, while excessive uncertainty exacerbates financing constraints, inhibiting innovation. The present study also identifies the significant moderating role of digital peer effects in mitigating the negative impacts of CPU, enhancing innovation compensation, and bolstering firms’ climate risk resilience. Notably, state-owned enterprises and manufacturing firms demonstrate superior innovation capabilities and risk resistance. This study provides new insights into understanding CPU’s impact on corporate innovation and offers valuable references for policy formulation and corporate strategy development. Full article

Using a panel Autoregressive Distributed Lag (ARDL) model, this study examines the effects of the adoption of Application Programming Interfaces (APIs) on the digital economy of Saudi Arabia, using monthly data from 2015 to 2024 from the World Development Indicators and Bloomberg. The results show that API Adoption Rate (APIAR) has a positive long-term influence on the Digital Economy Index (DEI), highlighting APIs as a transformative tool that foster innovation, increase scalability within enterprises, and enhance digital transactions in line with SDG 9: Industry, Innovation, and Infrastructure. The findings also indicate that the Number of Active APIs (NAAPIs) exerts a significant and positive effect on DEI in both short- and long-term, which aligns with SDG 8: Decent Work and Economic Growth by fostering accelerated digital transformation and new innovation-driven job opportunities in addition to entrepreneurship via API-driven platforms. API Investment (APII) exhibits a beneficial short-term effect on DEI; nevertheless, it is not significant in the long run, indicating the need for strategic and continuous investment. This finding resonates with SDG 17: Partnerships for the Goals, highlighting the significant role of public–private collaboration in enhancing digital infrastructure and enabling AI solutions. Building on these results, there is an urgent need to improve consistent API ecosystems, enhance collaborative partnerships, and align API strategies to national aspirations for driving Saudi Arabia’s digital economic growth and supporting Vision 2030 and the UN’s SDGs. Full article

In the new media era, the green technology alliance with multi-participation has emerged as a powerful contributor to achieving the strategic goal of a green economy. Therefore, this paper constructs a stochastic evolutionary game model of green technology innovation led by the government under an uncertain environment and jointly promoted by enterprises, universities, and research institutes. Then, this study firstly explores the influence of different factors on evolutionary equilibrium and secondly discusses the role of main factors on the behavior strategies of each game subject. Furthermore, numerical simulation analysis using Matlab R2019a 9.6 will be used to prove the model’s validity. The research has shown (1) that media monitoring positively impacts the stability of the alliance and that product greenness can further accelerate alliance evolution when media monitoring is in place. When this factor is small, it will lead to the transformation of Industry-University-Research’s (IUR) optimal strategy into non-cooperation in the early stage. (2) The green degree of products positively affects the decision-making choice of the IUR, but it is not the case for the government. And the role of media supervision will further coordinate its influence and accelerate the evolution of alliances. (3) The enhancement of media monitoring capacity can encourage game subjects to evolve in a more beneficial way. In addition, the implementation of media supervision will help reduce the cost of government supervision and provide reputation benefits. The research fully accounts for the complexity and variability of the environment, and the results provide theoretical support and practical advice for the high-quality development of the green technology innovation alliance. Full article

As China’s economy transitions to high-quality development, the traditional growth model proves inadequate for current enterprise challenges. Optimizing resource allocation and cultivating new quality productive forces (NQP) constitute critical enablers of green supply chain collaboration and sustainable business practices. Green supply chain (GSC) collaboration synergizes economic-environmental performance while advancing sustainability. Using longitudinal data (2018–2022) from China’s A-share listed firms, this study examines NQP’s catalytic effects on GSC integration. We operationalized NQP through tripartite metrics (labor inputs, labor objects, and digitized labor processes) and developed a multi-dimensional assessment framework for GSC management integrating economic-environmental criteria. The degree of coupling synergy, calculated through the coupling degree and comprehensive development index, serves as a quantitative measure of GSC collaboration, allowing for a precise assessment of NQP advancement effects. Results demonstrate a significant positive association between NQP development and GSC collaborative performance. Heterogeneity analysis revealed differential impacts, with stronger effects in non-SOEs, technology-intensive sectors, and environmentally sensitive industries. Supply chain digitalization exhibited a moderating effect, strengthening NQP’s influence on GSC outcomes. This research addresses methodological gaps in GSC collaboration measurement and provides novel insights into how NQP drives its synergistic integration. Furthermore, it delivers practical guidance for enterprises to accelerate NQP adoption, optimize GSC partnerships, and operationalize sustainability initiatives. Full article

As the world accelerates efforts to combat climate change and transition toward a green, low-carbon economy, the new energy vehicle (NEV) industry has become a key driver of carbon reduction. Its ability to innovate efficiently is critical to long-term sustainable development. This study builds on the innovation value chain theory and introduces an evaluation framework that accounts for undesirable outputs such as energy consumption and pollutant emissions. Using a super-efficiency network SBM–Malmquist model and Tobit regression, we analyze the technological innovation efficiency of 272 A-share listed NEV enterprises in China from 2016 to 2023. Expanding beyond traditional overall assessments, we examine efficiency at different stages of the industry chain and find that: (a) overall technological innovation efficiency has declined, mainly due to weak pure technical efficiency, underscoring the need for better R&D management and resource allocation; (b) efficiency varies across the industry chain, with midstream firms performing better than those upstream and downstream, reflecting differences in technological accumulation and market conditions; (c) R&D tax deductions and market competition significantly boost innovation efficiency by creating pressure-driven incentives, while mismatched labor skills, the “welfare dependence” effect of tax incentives and financing constraints hinder progress. By introducing a two-stage innovation efficiency evaluation framework, this study not only pinpoints where efficiency losses occur along the industry chain but also provides empirical insights to guide targeted policy decisions, offering valuable implications for the sustainable growth of the global NEV industry. Full article

Environmental accounting information disclosure is crucial for heavily polluting enterprises to strengthen environmental governance and realize sustainable development. However, some enterprises still suffer from weak disclosure awareness and low disclosure quality. Therefore, improving the quality of environmental accounting information disclosure in the digital era has become an urgent task to achieve China’s goal of a green and low-carbon economy. Using data from Shanghai and Shenzhen A-share listed companies in China’s polluting industries from 2013 to 2022, this study explores the impact and channels of influence of digital transformation and environmental accounting information disclosure. It has been found that digital transformation significantly impacts the quality of environmental accounting information disclosure. Further, based on the dual perspectives of internal empowerment and external monitoring, digital transformation improves environmental accounting information disclosure by promoting executive compensation incentives and enhancing analyst attention. Furthermore, the positive impact of digital transformation on environmental accounting information disclosure is more pronounced with the implementation of new environmental protection laws, high-quality audits and a high level of digital transformation, and non-state-owned enterprises. The findings provide theoretical support for the government to improve the environmental accounting information disclosure system and provide valuable policy insights to promote digitalization and green, low-carbon transformation paths for heavily polluting enterprises. Full article

The development of the digital economy is a strategic choice for seizing new opportunities in the latest wave of technological revolution and industrial transformation. As a critical tool for driving the digital transformation of enterprises, digital platforms play a pivotal role in this process. This study employs the evolutionary game theory of complex networks to develop a game model for the digital transformation of enterprises and utilizes the Fermi rule from sociophysics to characterize the evolution of enterprise strategies. Throughout this process, the interactive behaviors and strategic choices of enterprises embody the features of information flow and dynamic adjustment within the network. These features are crucial for elucidating the complexity and uncertainty inherent in strategic decision-making. The research findings indicate that digital platforms, through the provision of high-quality services and the implementation of effective pricing strategies, can significantly reduce the costs associated with digital transformation, thereby enhancing operational efficiency and innovation capacity. Moreover, the model reveals the competitive relationships between enterprises and their impact on transformation strategies, offering theoretical insights for policymakers. Based on these findings, the paper proposes policy recommendations such as strengthening infrastructure, implementing differentiated service strategies, and enhancing decision-making capability training, with the aim of supporting the digital transformation of enterprises across various industries and promoting sustainable development. Full article