Search Results (133)

Recent theoretical and empirical studies highlight that information asymmetry and owner–manager conflict of interest can distort corporate investment decisions. Building on this premise, we hypothesize that superior environmental, social, and governance (ESG) performance mitigates these frictions by (H1) alleviating financing constraints and (H2) intensifying external analyst scrutiny. To test these hypotheses, we examine all Shanghai and Shenzhen A-share non-financial firms from 2009 to 2023. Using panel fixed-effects and two-stage least squares with an industry–province–year instrument, we find that higher ESG performance significantly reduces investment inefficiency; the effect operates through both lower financing constraints and greater analyst coverage. Heterogeneity analyses reveal that the improvement is pronounced in small non-state-owned, non-high-carbon firms but absent in large state-owned high-carbon emitters. These findings enrich the literature on ESG and corporate performance and offer actionable insights for regulators and investors seeking high-quality development. Full article

The off-the-track Thoroughbred’s (OTTTB’s) suitability for equestrian retraining and rehoming should always be subject to behavioral considerations. Certain attributes may be advantageous to a horse’s racing performance but unfavorable to their prospects off the track. It is important to gain a non-biased understanding of how Thoroughbreds (TBs) in equestrian disciplines compare with other horses behaviorally, to minimize risks of poor welfare and safety outcomes. The current study used owner-reported information (n = 1633) from the Equine Behavior Assessment and Research Questionnaire (E-BARQ) global database to compare the behaviors of OTTTBs with those of other ridden horses. Boldness, compliance, rideability, trainability, and responsiveness to acceleration and deceleration signals were evaluated in the context of 27 E-BARQ items, as determined by exploratory factor analysis (EFA). In this study, OTTTBs demonstrated more boldness (t = 3.793; p < 0.001) and lower compliance and responsiveness to deceleration signals (t = 3.448; p < 0.001) than non-OTTTBs. Trainability, rideability, and responsiveness to acceleration signals did not differ significantly between OTTTBs and non-OTTTBs. These findings provide direction for future research into causal factors and improvement opportunities regarding the training and management of Thoroughbreds, on- and off-the-track. Full article

Cutaneous neoplasia is among the most common illnesses in dogs and can pose significant risks. Accurate morphological diagnosis of these conditions is vital for effective treatment and management. In this retrospective study, a total of 3746 canine skin biopsies were submitted to a veterinary reference diagnostic laboratory and evaluated using histopathology. The variables assessed included age, sex, breed, lesion, location, and histopathological diagnosis. Non-neoplastic lesions accounted for 61% of all analyzed samples, while neoplastic tumors accounted for 39%. When looking at age, dogs ranging 3–6 years and 7–9 years had at least six times higher risk of developing malignant neoplasia compared to those aged 0–2 years. Among the malignant neoplasms, mast cell tumors, hemangiosarcoma, and squamous cell carcinoma were the most observed, representing 30%, 18%, and 12% of cases, respectively. The breeds most frequently affected by malignant neoplasms included Pit Bull Terriers, Boxers, and mixed breeds, all of which comprised the majority of mast cell tumor cases at 50.54%. These findings are novel in this field and may assist small animal veterinarians in making preliminary diagnoses, while also helping pet owners understand the importance of skin cancer and its early detection. Full article

Land management decisions and conservation value are heavily influenced by land ownership, land cover, and land use. Our research aimed to examine ownership and land cover distribution, classify landowners based on land cover composition, and evaluate the ability of land cover clustering to be predictive of landowner motivations and behaviors in Maryland, USA. We tabulated a high-resolution land cover map against ownership boundaries, applied hierarchical clustering, and identified five landowner types characterized by a dominant land cover: (1) forest, (2) turf grass, (3) developed, (4) hay/pasture, and (5) crops. We analyzed a landowner survey of 3344 respondents to reveal how clusters predicted recreation, conservation, income, and other motivations. We found a skewed ownership distribution: 95.3% of smaller ownerships (<5 acres) cover 27.3% of the land, while 4.7% of larger owners hold 72.7%. Ownership patterns vary by cover, with forests and wetlands showing bimodal distributions, unimodal for cropland and hay/pasture, and turf grass concentrated in smaller properties. Survey analysis showed that crop, hay/pasture, and forest clusters had income percentages increasing with property size, with crop and hay/pasture accelerating more; conservation interest rose with size for forest and crop, but not hay/pasture; hunting motivation was highest in forest but increased with size similarly across clusters; non-hunting recreation motivation was highest in smaller hay/pasture properties, but decreased with size for all. Although each landowner has unique motivations and goals, our results reveal trends mediated by size of property and land cover that can be used to target outreach and improve conservation outcomes across Maryland’s diverse landscape. Full article

The recent spread of foreign animal diseases (FADs) such as foot-and-mouth disease and African swine fever emphasizes the need to conduct comprehensive surveillance to detect a potential disease introduction as soon as possible. The United States is currently free of many important FADs of swine, and many preparedness initiatives have raised awareness amongst the commercial, intensive swine industry. However, the awareness and engagement of small-scale swine farmers regarding disease surveillance and passive reporting is not well known. This scoping review was conducted to identify and characterize sources of evidence on the practices and attitudes of small-scale swine farmers and owners in the United States regarding pig health and disease management, surveillance, and veterinary care use, and secondarily to characterize information seeking and communication behaviors. Sources of evidence were found through keyword searches of online databases, citation matching, and Sustainable Agriculture Research and Education project reports. Eligibility criteria included being conducted on or with US small-scale (defined in this review as less than 1000 pigs) or non-intensive swine farms and containing information pertinent to the objectives of the review. Seventeen sources were included in the final review. Regular disease monitoring and surveillance practices were not commonly reported, and multiple sources reported little to no incidence of disease occurrence in small-scale swine farms. Reported veterinary use and access was variable, and multiple sources reported that the choice to use veterinary care was affected by its perceived cost, value, and accessibility. Future research and outreach should aim to discern key factors affecting farmer’s decisions to use a veterinarian, improve their awareness and prioritization of swine diseases, and develop small-scale appropriate disease surveillance protocols. Ultimately, this will help small-scale swine farmers to protect the health of their pigs and improve FAD surveillance in the US. Full article

The transfer of development rights (TDR) is a legal instrument, introduced in 1961, that allows transferring of development rights from a land parcel where restrictions are imposed (sending parcel) to another land parcel (receiving parcel). TDRs aim to ensure environmental and cultural heritage protection with respect to the rights of individual land parcel owners, thus constituting a high impact tool in sustainability and urban planning. Although extensive research has been applied in defining development rights’ transfer zones (RTZ), mainly in the proximity of the sending parcels, limited is the research on defining this “proximity”. This research examines the process of identifying the areas that can host RTZs, using as a case study the implementation of TDR in Greece. Greek TDR legislation was challenged by the Hellenic Council of the State as non-conformant to the principles of rational urban and spatial development, thus requiring the identification of the areas that can host rights’ transfer zones. In order to align with the Council’s decisions, the Ministry of Environment and Energy introduced Law 4759/2020 along with Technical Requirements for the delineation of development rights’ transfer zones. Given that restrictions on the transfer of development rights do not exist in all municipalities in Greece, multi-criteria analysis was used to propose municipal units where studies on development rights’ transfer zones (RTZs) could be conducted, based on the number of sending parcels, geographic and urban planning requirements, and funding limitations. The analysis resulted in 83 municipal units, covering about 75% of the country’s need for development rights’ transfer. The deployment of RTZ studies in the selected areas would benefit the owners of the restricted land parcels (where existing TDR titles are currently inactive or where new ones cannot be issued) and assist urban space management. Full article

Research on the effects of digital transformation in micro and small enterprises (MSEs) is growing, yet remains underdeveloped, particularly in the context of emerging economies. While previous studies highlight the performance benefits of digital readiness, they often overlook how sector-specific challenges influence these outcomes. This study investigates the relationship between digital readiness and firm performance among MSEs in Bhutan, with a focus on the moderating roles of internal (operational) and external (supply chain) issues. Drawing on data from 217 survey responses collected from firm owners and operators, this study compares tourism and non-tourism sectors to reveal sectoral asymmetries in digital transformation outcomes. The results show that digital readiness is positively associated with firm performance across both sectors. However, the strength of this relationship is differentially moderated by contextual challenges: external issues negatively moderate the digital readiness–performance link in the tourism sector, while internal issues play a similar moderating role in the non-tourism sector. Additionally, firms in the tourism sector report higher levels of both digital performance and satisfaction with digitalization than their non-tourism counterparts. These findings contribute to the Diffusion of Innovation Theory by emphasizing the contingent and asymmetric nature of digital adoption effects across industry sectors. This study offers practical implications for managers and policymakers by underscoring the need for sector-sensitive digital strategies and support mechanisms. Full article

Between 2016 and 2023, over 400,000 dogs in Greater Bangkok, Thailand, were sterilised and vaccinated against rabies through a Catch, Neuter, Vaccinate, Return (CNVR) programme. CNVR is practiced in many countries to humanely and effectively manage free-roaming dog populations, and to mitigate canine and human rabies risks. Residents were surveyed about their experiences, attitudes, and behaviours towards free-roaming dogs. Responses were evaluated in relation to respondents’ dog ownership status and the CNVR intensity within their local administrative area (0, 1, 2, or 3 CNVR rounds). The results show an overall positive effect of CNVR. A dose-dependent CNVR effect was observed with residents’ perceptions of declines in free-roaming dog populations and puppies born in their community, as well as in being “troubled” by free-roaming dogs now versus before the intervention. Residents living in areas with the highest levels of CNVR also had lower odds of reporting a dog bite. Some measures, including other current attitudes and behaviours towards free-roaming dogs, did not exhibit this dose-dependent effect. Dog owners showed higher levels of tolerance and care for street dogs than non-owners. The results suggest that owned dogs contributed substantially to the roaming dog population and must be considered in management efforts. CNVR appears to have delivered meaningful benefits to Greater Bangkok residents, and the majority reported sterilisation as their preferred management approach. Full article

The progress in automotive technology, communication protocols, and embedded systems has propelled the development of the Internet of Vehicles (IoV). In this system, each vehicle acts as a sophisticated sensing platform that collects environmental and vehicular data. These data assist drivers and infrastructure engineers in improving navigation safety, pollution control, and traffic management. Digital artefacts stored within vehicles can serve as critical evidence in road crime investigations. Given the interconnected and autonomous nature of intelligent vehicles, the effective identification of road crimes and the secure collection and preservation of evidence from these vehicles are essential for the successful implementation of the IoV ecosystem. Traditional digital forensics has primarily focused on in-vehicle investigations. This paper addresses the challenges of extending artefact identification to an IoV framework and introduces the Collaborative Forensic Platform for Electronic Artefacts (CFPEA). The CFPEA framework implements a collaborative forensic-by-design mechanism that is designed to securely collect, store, and share artefacts from the IoV environment. It enables individuals and groups to manage artefacts collected by their intelligent vehicles and store them in a non-proprietary format. This approach allows crime investigators and law enforcement agencies to gain access to real-time and highly relevant road crime artefacts that have been previously unknown to them or out of their reach, while enabling vehicle owners to monetise the use of their sensed artefacts. The CFPEA framework assists in identifying pertinent roadside units and evaluating their datasets, enabling the autonomous extraction of evidence for ongoing investigations. Leveraging CFPEA for artefact collection in road crime cases offers significant benefits for solving crimes and conducting thorough investigations. Full article

When the UN Sustainable Development Goals (SDGs) were proposed, they provided a reality check, questioning the ways in which organisations were addressing the needs of society and the planet, across all sectors worldwide. In response, this study contributes to SDG 12, Responsible Production and Consumption, more specifically considering support for restaurant owners as they transition into environmentally focused and sustainable operations, in particular with the proposal of a researched and informed sustainability toolkit. To understand the factors underpinning successful sustainability practices in restaurants, we utilise the motivation, opportunity, and ability (MOA) framework, applying a two-step focus group methodology. The first focus group included restaurant owners/managers who had effectively applied sustainable operational practices. For the second focus group, we utilised MOA factors uncovered in the first group as discussion points to engage with restaurant owners/managers who had yet to embrace environmentally sustainable practices in order to understand the reasons preventing them from applying sustainability practices. Continuous networking and dynamic support were highlighted as crucial elements needed by restaurant owners to enable them to adopt and fruitfully implement sustainable practices. Theoretical contributions include the value of the MOA framework for evaluating sustainability practices, informing the development of a sustainability toolkit, and its suitability as a framework to support non-chain tourism businesses in developing practices to support sustainability, inclusivity, and access. Full article

This paper studies biased-manager hiring in a market with network externalities and product compatibility. We show that the aggressivity of a biased manager has a non-linear relationship with product compatibility; however, since both owners want to hire aggressive managers, product compatibility is irrelevant to the type of manager the owner hires. In Cournot competition, product compatibility is crucial in alleviating the “prisoner’s dilemma” due to the net network effect of network externalities with product compatibility. In Bertrand competition, the “prisoner’s dilemma” is resolved when the augmented net network effect of product compatibility is large. Full article

In the digital age, sharing moments through photos has become a daily habit. However, every face captured in these photos is vulnerable to unauthorized identification and potential misuse through AI-powered synthetic content generation. Previously, we introduced SnapSafe, a secure system for enabling selective image privacy focusing on facial regions for single-party scenarios. Recognizing that group photos with multiple subjects are a more common scenario, we extend SnapSafe to support multi-user facial privacy protection with dynamic access control designed for online photo platforms. Our approach introduces key splitting for access control, an owner-centric permission system for granting and revoking access to facial regions, and a request-based mechanism allowing subjects to initiate access permissions. These features ensure that facial regions remain protected while maintaining the visibility of non-facial content for general viewing. To ensure reproducibility and isolation, we implemented our solution using Docker containers. Our experimental assessment covered diverse scenarios, categorized as “Single”, “Small”, “Medium”, and “Large”, based on the number of faces in the photos. The results demonstrate the system’s effectiveness across all test scenarios, consistently performing face encryption operations in under 350 ms and achieving average face decryption times below 286 ms across various group sizes. The key-splitting operations maintained a $100\%$ success rate across all group configurations, while revocation operations were executed efficiently with server processing times remaining under 16 ms. These results validate the system’s capability in managing facial privacy while maintaining practical usability in online photo sharing contexts. Full article

Small and medium-sized enterprises (SMEs) play a crucial role in fostering economic growth and sustainability, requiring a deliberate emphasis on innovation and applying knowledge to navigate ever-changing markets. This study, grounded in resource-based view (RBV) theory, explores the synergy of entrepreneurial leadership and team diversity, exploring pathways to entrepreneurial success in Pakistan’s SMEs. This study employed a cross-sectional design, utilizing a non-probability convenience sampling approach to survey 350 owners, supervisors, managers, and employees of SMEs in Khyber Pakhtunkhwa, Pakistan. Data were gathered through a survey questionnaire and subsequently analyzed using SPSS and SMART-PLS to validate the measurement model and examine the hypotheses for moderated analysis. The results indicated a significant moderating influence. Entrepreneurial leadership accounted for 15.8% of the variation in entrepreneurial success, while team diversity contributed 8.5%. Moreover, the moderating influence of team diversity substantially affected ES (59.7%), underscoring the pivotal role of team diversity in the interplay between EL and ES. Drawing from RBV theory, this study advances the framework by acknowledging that team diversity is a crucial element that strengthens the connections between EL and ES. This study enhances the existing literature by clarifying the mechanisms by which leadership and diversity collaboratively promote entrepreneurial outcomes. This highlights the necessity for SME leaders and policymakers to utilize team diversity as a strategic asset to improve competitive advantage and ensure sustainable success. Full article

Urbanization and land development in Asia, including Malaysia, have led to an increase in offshore sand mining activities, leading to significant environmental and social issues. Excessive sand extraction disrupts the ocean system equilibrium, necessitating sustainable management strategies. This study examined Malaysian offshore sand mining practices to recommend sustainable management approaches to be adopted. Using case studies involving interviews and document analysis, data were collected from 34 participants from six federal and state government departments, business owners, technical agencies, and community groups (including environmental non-governmental organizations from environmental action and consumer rights). The thematic analysis conducted in the case study revealed the need for six key strategies for sustainable management: (1) institutional strengthening, (2) adopting flexible technologies, (3) implementing comprehensive policy measures, (4) fostering stakeholder engagement, (5) capacity building, and (6) enhancing monitoring and enforcement. This study bridges the theoretical gap in sustainability management of offshore sand mining by examining the governance challenges faced and proposing strategic policy enhancements. This offers practical implications for designing policies that strengthen regulatory frameworks and improve mechanisms for sustainable development. Ultimately, this study underscores the importance of understanding management and policy structures and their implications for driving sustainable transformation in regional contexts. Hence, it offers a valuable planning and management framework for authorities, enabling effective and timely decision making in managing offshore sand mining in Malaysia. Full article

There are global concerns regarding the transmission of antimicrobial-resistant pathogens from animals to humans. Especially, companion animals are increasingly recognized as a potential source due to their close interactions with people, despite a limited number of reported cases. Although, social demands regarding comprehensive surveillance for antimicrobial resistance (AMR) among companion animals are highlighted, there is a lack of a relevant system in South Korea. In this regard, we conducted preliminary investigation on antimicrobial use (AMU) among small animal clinics, along with veterinary practitioner’s knowledge and attitude regarding this issue in South Korea. We collected data on 684,153 antimicrobial prescription visits for canine and feline patients from 2019 to 2022 at 100 veterinary facilities in South Korea, using electronic medical records. To evaluate antimicrobial use (AMU) and facilitate comparisons across institutions and time periods, we developed the Defined Daily Dose for Animals (DDDA) and the Defined Animal Daily Dosages per 1000 Animal-Days (DAPD). In addition, we conducted an online survey of 362 veterinary practitioners, which included questions on their perceptions, attitudes, and practices regarding antimicrobial prescriptions. Simple frequency analyses were performed to examine temporal trends, regional differences and variations by facility size in AMU, and to summarize survey responses. Descriptive analysis using data from 100 veterinary clinics revealed a rising trend in AMU between 2019 and 2022, with higher usage observed in larger clinics and non-capital regions. DDDA values for dogs were generally higher than for cats. Survey results highlighted that, while veterinarians exhibited high awareness of AMR, prescribing practices were significantly influenced by clinical judgments and owner demands, often deviating from established guidelines. The adoption of an electronic veterinary prescription management system (e-Vet) was proposed to enhance antimicrobial stewardship. However, concerns regarding the system’s efficiency and administrative burden were prominent. To our best knowledge, this study provided DDDA for companion animals for the first time in South Korea. Although the indicator should be improved with more comprehensive data and expert opinion, our study showed that it enables reasonable situation analysis regarding AMU in companion animals. The identified factors that affect veterinarians’ prescription practices can also be used to design an effective strategy for promoting appropriate antimicrobial usage. Full article