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18 pages, 3363 KiB  
Article
Spatial Heterogeneity of Heavy Metals in Arid Oasis Soils and Its Irrigation Input–Soil Nutrient Coupling Mechanism
by Jiang Liu, Chongbo Li, Jing Wang, Liangliang Li, Junling He and Funian Zhao
Sustainability 2025, 17(15), 7156; https://doi.org/10.3390/su17157156 (registering DOI) - 7 Aug 2025
Abstract
Soil environmental quality in arid oases is crucial for regional ecological security but faces multi-source heavy metal (HM) contamination risks. This study aimed to (1) characterize the spatial distribution of soil HMs (As, Cd, Cr, Cu, Hg, and Zn) in the Ka Shi [...] Read more.
Soil environmental quality in arid oases is crucial for regional ecological security but faces multi-source heavy metal (HM) contamination risks. This study aimed to (1) characterize the spatial distribution of soil HMs (As, Cd, Cr, Cu, Hg, and Zn) in the Ka Shi gar oasis, Xinjiang, (2) quantify the driving effect of irrigation water, and (3) elucidate interactions between HMs, soil properties, and land use types. Using 591 soil and 12 irrigation water samples, spatial patterns were mapped via inverse distance weighting interpolation, with drivers and interactions analyzed through correlation and land use comparisons. Results revealed significant spatial heterogeneity in HMs with no consistent regional trend: As peaked in arable land (5.27–40.20 μg/g) influenced by parent material and agriculture, Cd posed high ecological risk in gardens (max 0.29 μg/g), and Zn reached exceptional levels (412.00 μg/g) in gardens linked to industry/fertilizers. Irrigation water impacts were HM-specific: water contributed to soil As enrichment, whereas high water Cr did not elevate soil Cr (indicating industrial dominance), and Cd/Cu showed no significant link. Interactions with soil properties were regulated by land use: in arable land, As correlated positively with EC/TN and negatively with pH; in gardens, HMs generally decreased with pH, enhancing mobility risk; in forests, SOM adsorption immobilized HMs; in construction land, Hg correlated with SOM/TP, suggesting industrial-organic synergy. This study advances understanding by demonstrating that HM enrichment arises from natural and anthropogenic factors, with the spatial heterogeneity of irrigation water’s driving effect critically regulated by land use type, providing a spatially explicit basis for targeted pollution control and sustainable oasis management. Full article
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33 pages, 732 KiB  
Review
Transforming By-Products into Functional Resources: The Potential of Cucurbitaceae Family Seeds in Cosmetics
by Carla Sousa, Carla Guimarães Moutinho, Márcia Carvalho, Carla Matos and Ana Ferreira Vinha
Seeds 2025, 4(3), 36; https://doi.org/10.3390/seeds4030036 (registering DOI) - 7 Aug 2025
Abstract
Seeds of Cucurbitaceae crops represent a promising yet underexplored source of bioactive compounds with potential applications beyond nutrition, particularly in the cosmetics industry. This review examines the seeds of Citrullus lanatus (watermelon), Cucumis melo (melon), and Cucurbita pepo (pumpkin), focusing on their biochemical [...] Read more.
Seeds of Cucurbitaceae crops represent a promising yet underexplored source of bioactive compounds with potential applications beyond nutrition, particularly in the cosmetics industry. This review examines the seeds of Citrullus lanatus (watermelon), Cucumis melo (melon), and Cucurbita pepo (pumpkin), focusing on their biochemical composition and evaluating their functional value in natural cosmetic development. Although these fruits are widely consumed, industrial processing generates substantial seed by-products that are often discarded. These seeds are rich in polyunsaturated fatty acids, proteins, carbohydrates, and phytochemicals, positioning them as sustainable raw materials for value-added applications. The incorporation of seed-derived extracts into cosmetic formulations offers multiple skin and hair benefits, including antioxidant activity, hydration, and support in managing conditions such as hyperpigmentation, acne, and psoriasis. They also contribute to hair care by improving oil balance, reducing frizz, and enhancing strand nourishment. However, challenges such as environmental instability and low dermal permeability of seed oils have prompted interest in nanoencapsulation technologies to improve delivery, stability, and efficacy. This review summarizes current scientific findings and highlights the potential of Cucurbitaceae seeds as innovative and sustainable ingredients for cosmetic and personal care applications. Full article
24 pages, 620 KiB  
Article
Revisiting the Leontief Paradox in the Digital Era: Technological Specialization and Sustainable Development of Digital Service Trade
by Lin Zhang, Siyuan Chen and Ei Thinzar Min
Sustainability 2025, 17(15), 7163; https://doi.org/10.3390/su17157163 (registering DOI) - 7 Aug 2025
Abstract
To address the new challenges of sustainable international trade under the digital transformation, this study aims to explore the relevance and mechanism of the relationship between technological specialization and the sustainable development of digital service trade (focusing on economic sustainability). Based on panel [...] Read more.
To address the new challenges of sustainable international trade under the digital transformation, this study aims to explore the relevance and mechanism of the relationship between technological specialization and the sustainable development of digital service trade (focusing on economic sustainability). Based on panel data from 50 economies from 2006 to 2022, the core hypothesis of “whether technological specialization can enhance the sustainable competitiveness of digital service trade by optimizing the global value chain and industrial structure” is verified. An improved index of technological specialization is proposed, breaking through the limitations of traditional indicators, and for the first time introducing the dimension of “knowledge breadth,” reinterpreting the “Leontief Paradox” in the context of digital trade. The study finds that technological specialization significantly enhances the export of digital services, and the effect is more significant in countries with strict intellectual property protection, latecomers in technology, and the European region. Mechanically, this is achieved through improving the position in the global value chain and upgrading the industrial structure. This provides a theoretical breakthrough to solve the technology–trade paradox in the digital age and offers a path for latecomer economies to reconstruct competitive advantages and achieve sustainable development through technological specialization. Full article
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28 pages, 566 KiB  
Article
How Do Performance Shortfalls Shape on Entrepreneurial Orientation? The Role of Managerial Overconfidence and Myopia
by Xiaolong Liu and Yi Xie
Sustainability 2025, 17(15), 7154; https://doi.org/10.3390/su17157154 - 7 Aug 2025
Abstract
In an era of rapid technological advancement—particularly with the accelerated development of artificial intelligence and digital technologies—entrepreneurship enables firms to dynamically adjust their strategies in response to environmental uncertainty and helps them maintain sustainable competitive advantages over time. As a key concept in [...] Read more.
In an era of rapid technological advancement—particularly with the accelerated development of artificial intelligence and digital technologies—entrepreneurship enables firms to dynamically adjust their strategies in response to environmental uncertainty and helps them maintain sustainable competitive advantages over time. As a key concept in entrepreneurship research, entrepreneurial orientation (EO) has long attracted scholarly attention. However, existing studies on EO have primarily focused on its specific outcomes, while insufficient attention has been paid to its antecedents from the perspective of internal threats. Under the threat of performance shortfalls, firms’ strategic choices are influenced not only by resource constraints but also by managerial cognitive biases. Drawing on Behavioral Theory of the Firm, we explore the moderating roles of managerial overconfidence and myopia in the relationship between performance shortfalls and EO. This study aims to uncover the cognitive “black box” behind why some firms are more likely to trigger entrepreneurial behavior in adverse situations. Based on panel data from 2822 A-share listed companies in China spanning the period from 2009 to 2020, and using a fixed-effects regression model, our findings indicate that both historical and social performance shortfalls have significant positive effects on EO. Further analysis reveals that the positive impact of performance shortfalls on EO is attenuated under conditions of heightened managerial overconfidence and myopia. By enriching the boundary conditions of EO from a cognitive perspective, this study provides a theoretical explanation for how firms can engage in entrepreneurial behavior under threat by reducing cognitive biases, thereby offering both theoretical and managerial insights into how firms can maintain sustainable development under crisis conditions. Full article
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19 pages, 4925 KiB  
Article
Environmental Heterogeneity Drives Diversity Across Forest Strata in Hopea hainanensis Communities
by Shaocui He, Donghai Li, Xiaobo Yang, Dongling Qi, Naiyan Shang, Caiqun Liang, Rentong Liu and Chunyan Du
Diversity 2025, 17(8), 556; https://doi.org/10.3390/d17080556 - 7 Aug 2025
Abstract
Species and phylogenetic diversity play vital roles in sustaining the structure, function, and resilience of plant communities, particularly in tropical rainforests. However, the mechanisms according to which environmental filtering and competitive exclusion influence diversity across forest layers remain insufficiently understood. In this study, [...] Read more.
Species and phylogenetic diversity play vital roles in sustaining the structure, function, and resilience of plant communities, particularly in tropical rainforests. However, the mechanisms according to which environmental filtering and competitive exclusion influence diversity across forest layers remain insufficiently understood. In this study, we investigated the species and phylogenetic diversity patterns in two representative tropical rainforest sites—Bawangling and Jianfengling—within Hainan Tropical Rainforest National Park, China, focusing on communities associated with the endangered species Hopea hainanensis. We employed a one-way ANOVA and Pearson’s correlation analyses to examine the distribution characteristics and interrelationships among diversity indices and used Mantel tests to assess the correlations with environmental variables. Our results revealed that the plant community in Jianfengling exhibited a significantly higher species richness at the family, genus, and species levels (a total of 288 plant species have been recorded, belonging to 82 families and 183 genera) compared to that in Bawangling (a total of 212 plant species, belonging to 75 families and 162 genera). H. hainanensis held the highest importance value in the middle tree layer across both sites (IV(BWL) = 12.44; IV(JFL) = 5.73), while dominant species varied notably among other forest layers, indicating strong habitat specificity. Diversity indices, including the Simpson index, the Shannon–Wiener index, and Pielou’s evenness, were significantly higher in the large shrub layer of Jianfengling, whereas Bawangling showed a relatively higher Shannon–Wiener index in the middle shrub layer. Phylogenetic diversity (PD) and the phylogenetic structure indices (NRI and NTI) displayed distinct vertical stratification patterns between sites. Furthermore, the PD in Bawangling’s large shrub layer was positively correlated with total phosphorus in the soil, while community evenness was influenced by soil organic carbon and total nitrogen. In Jianfengling, species richness was significantly associated with soil bulk density, altitude, and pH. These findings enhance our understanding of the ecological and evolutionary processes shaping biodiversity in tropical rainforests and highlight the importance of incorporating both species and phylogenetic metrics into the conservation strategies for endangered species such as Hopea hainanensis. Full article
(This article belongs to the Special Issue Biodiversity Conservation Planning and Assessment—2nd Edition)
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29 pages, 1413 KiB  
Article
The Impact of VAT Credit Refunds on Enterprises’ Sustainable Development Capability: A Socio-Technical Systems Theory Perspective
by Jinghuai She, Meng Sun and Haoyu Yan
Systems 2025, 13(8), 669; https://doi.org/10.3390/systems13080669 - 7 Aug 2025
Abstract
We investigate whether China’s Value-Added Tax (VAT) Credit Refund policy influences firms’ sustainable development capability (SDC), which reflects innovation-driven growth and green development. Exploiting the 2018 implementation of the VAT Credit Refund policy as a quasi-natural experiment, we employ a difference-in-differences (DID) approach [...] Read more.
We investigate whether China’s Value-Added Tax (VAT) Credit Refund policy influences firms’ sustainable development capability (SDC), which reflects innovation-driven growth and green development. Exploiting the 2018 implementation of the VAT Credit Refund policy as a quasi-natural experiment, we employ a difference-in-differences (DID) approach and find causal evidence that the policy significantly enhances firms’ SDC. This suggests that fiscal instruments like VAT refunds are valued by firms as drivers of long-term sustainable and high-quality development. Our mediating analyses further reveal that the policy promotes firms’ SDC by strengthening artificial intelligence (AI) capabilities and facilitating intelligent transformation. This mechanism “AI Capability Building—Intelligent Transformation” aligns with the socio-technical systems theory (STST), highlighting the interactive evolution of technological and social subsystems in shaping firm capabilities. The heterogeneity analyses indicate that the positive effect of VAT Credit Refund policy on SDC is more pronounced among small-scale and non-high-tech firms, firms with lower perceived economic policy uncertainty, higher operational diversification, lower reputational capital, and those located in regions with a higher level of marketization. We also find that the policy has persistent long-term effects, with improved SDC associated with enhanced ESG performance and green innovation outcomes. Our findings have important implications for understanding the SDC through the lens of STST and offer policy insights for deepening VAT reform and promoting intelligent and green transformation in China’s enterprises. Full article
(This article belongs to the Section Systems Practice in Social Science)
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39 pages, 825 KiB  
Article
Public Water Concern, Managerial Green Cognition, and Corporate Water Responsibility: Evidence from High-Water-Consuming Enterprises in China
by Liyuan Zheng, Wei Wang, Bo Shang and Mengjiao Wang
Sustainability 2025, 17(15), 7150; https://doi.org/10.3390/su17157150 - 7 Aug 2025
Abstract
To address water sustainability challenges, this study investigates how public water concern influences corporate water responsibility (CWR) and how managerial green cognition moderates this relationship. Drawing on institutional theory and cognitive theory, we analyze a panel of 1292 publicly listed high-water-consuming firms in [...] Read more.
To address water sustainability challenges, this study investigates how public water concern influences corporate water responsibility (CWR) and how managerial green cognition moderates this relationship. Drawing on institutional theory and cognitive theory, we analyze a panel of 1292 publicly listed high-water-consuming firms in China from 2015 to 2024. The results show that public water concern significantly improves CWR by increasing legitimacy pressure, while its effect through government water governance attention is not statistically significant. Furthermore, managerial green cognition—including both economic and moral dimensions—positively moderates this relationship. Heterogeneity analysis reveals that the moderating effect is stronger in firms with more female directors, older executives, and internationally experienced teams. These findings contribute to refining institutional theory in the context of environmental responsibility and highlight the critical role of executive cognition and demographic structure in corporate sustainability behavior. Full article
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19 pages, 22713 KiB  
Article
Geospatial and Correlation Analysis of Heavy Metal Distribution on the Territory of Integrated Steel and Mining Company Qarmet JSC
by Yryszhan Zhakypbek, Kanay Rysbekov, Vasyl Lozynskyi, Sergey Mikhalovsky, Ruslan Salmurzauly, Yerkezhan Begimzhanova, Gulmira Kezembayeva, Bakhytzhan Yelikbayev and Assel Sankabayeva
Sustainability 2025, 17(15), 7148; https://doi.org/10.3390/su17157148 - 7 Aug 2025
Abstract
This paper provides geospatial and correlation analysis of heavy metal distribution in the soil cover of the city of Temirtau and its industrial zones. Based on 25 soil samples taken in 2024, concentrations of nine heavy metals (As, Pb, Zn, Cu, Ni, Co, [...] Read more.
This paper provides geospatial and correlation analysis of heavy metal distribution in the soil cover of the city of Temirtau and its industrial zones. Based on 25 soil samples taken in 2024, concentrations of nine heavy metals (As, Pb, Zn, Cu, Ni, Co, Mn, Cr, Ba) were determined using X-ray fluorescence analysis. Spatial data interpolation was performed using the Kriging method in the ArcGIS Pro environment. The results showed the presence of localized extreme pollution zones, primarily near the Qarmet JSC metallurgical plant. The most significant exceedances of maximum permissible concentrations (MPC), up to 348× MPC for Cr, 160× MPC for Zn, and 72× MPC for As, were recorded at individual locations. Correlation analysis revealed a moderate positive relationship between several elements, particularly Mn and Cu (r = 0.64). Comparison of the spatial distribution of pollution with population data allowed for the assessment of potential environmental risks. This research emphasizes the need to implement systematic monitoring, sustainable land management practices, ecological maps, and preventive measures to reduce the long-term impact of heavy metals on ecosystems and public health, and to promote environmental sustainability in industrial regions. Full article
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33 pages, 3000 KiB  
Article
The Impact of Regional Policies on Chinese Business Growth: A Bibliometric Approach
by Ling Yao and Lakner Zoltan Karoly
Economies 2025, 13(8), 229; https://doi.org/10.3390/economies13080229 - 7 Aug 2025
Abstract
In the context of both domestic and international economic landscapes, regional policy has emerged as an increasingly influential factor shaping the developmental trajectories of Chinese enterprises. Despite its growing significance, the extant literature lacks a comprehensive and systematically visualized synthesis that encapsulates the [...] Read more.
In the context of both domestic and international economic landscapes, regional policy has emerged as an increasingly influential factor shaping the developmental trajectories of Chinese enterprises. Despite its growing significance, the extant literature lacks a comprehensive and systematically visualized synthesis that encapsulates the scope and trends of research in this domain. This study addresses this critical gap by conducting an integrative bibliometric and qualitative review of the academic output related to regional policy and Chinese firm growth. Drawing on a final dataset comprising 3428 validated academic publications—selected from an initial pool of 3604 records retrieved from the Web of Science Core Collection between 1991 and 2022, the research employs a two-stage methodological framework. In the first phase, advanced bibliometric tools, and software applications, including RStudio, Bibliometrix, VOSviewer, and CitNetExplorer, are utilized to implement techniques such as keyword co-occurrence analysis, thematic clustering, and the tracing of thematic evolution over time. These methods facilitate rigorous data cleansing, breakpoint identification, and the visualization of intellectual structures and emerging research patterns. In the second phase, a targeted qualitative review is conducted to evaluate the influence of regional policies on Chinese firms across three critical stages of business development: start-up, expansion, and maturity. The findings reveal that regional policy interventions generally exert a positive influence on firm performance throughout all stages of development. Notably, a significant concentration of citation activity occurred prior to 2017; however, post-2017, the volume of scholarly publications, journal-level impact (as measured by h-index), and author-level influence experienced a marked increase. Among the 3428 analyzed publications, a substantial portion—2259 articles—originated from Chinese academic institutions, highlighting the strong domestic research interest in the subject. Furthermore, since 2015, there has been a discernible shift in keyword co-occurrence trends, with increasing scholarly attention directed towards sustainable development issues, particularly those related to carbon dioxide emissions and green innovation, reflecting evolving policy priorities and environmental imperatives. Full article
(This article belongs to the Special Issue Regional Economic Development: Policies, Strategies and Prospects)
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20 pages, 741 KiB  
Review
Exploring Design Thinking Methodologies: A Comprehensive Analysis of the Literature, Outstanding Practices, and Their Linkage to Sustainable Development Goals
by Matilde Martínez Casanovas
Sustainability 2025, 17(15), 7142; https://doi.org/10.3390/su17157142 - 6 Aug 2025
Abstract
Design Thinking (DT) has emerged as a relevant methodology for addressing global challenges aligned with the United Nations Sustainable Development Goals (SDGs). This study presents a systematic literature review, conducted following PRISMA 2020 guidelines, which analyzes 42 peer-reviewed publications from 2013 to 2023. [...] Read more.
Design Thinking (DT) has emerged as a relevant methodology for addressing global challenges aligned with the United Nations Sustainable Development Goals (SDGs). This study presents a systematic literature review, conducted following PRISMA 2020 guidelines, which analyzes 42 peer-reviewed publications from 2013 to 2023. Through inductive content analysis, 10 core DT principles—such as empathy, iteration, user-centeredness, and systems thinking—I identified and thematically mapped to specific SDGs, including goals related to health, education, innovation, and climate action. The study also presents five real-world cases from diverse sectors such as technology, healthcare, and urban planning, illustrating how DT has been applied to address practical challenges aligned with the SDGs. However, the review identifies persistent gaps in the field: the lack of standardized evaluation frameworks, limited integration across SDG domains, and weak adaptation of ethical and contextual considerations, particularly in vulnerable communities. As a response, this paper recommends the adoption of structured impact assessment tools (e.g., Cities2030, Responsible Design Thinking), integration of design justice principles, and the development of participatory, iterative ecosystems for innovation. By offering both conceptual synthesis and applied insights, this article positions Design Thinking as a strategic and systemic approach for driving sustainable transformation aligned with the 2030 Agenda. Full article
(This article belongs to the Section Sustainable Education and Approaches)
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20 pages, 1014 KiB  
Review
State of the Art on the Interaction of Entomopathogenic Nematodes and Plant Growth-Promoting Rhizobacteria to Innovate a Sustainable Plant Health Product
by Islam Ahmed Abdelalim Darwish, Daniel P. Martins, David Ryan and Thomais Kakouli-Duarte
Crops 2025, 5(4), 52; https://doi.org/10.3390/crops5040052 - 6 Aug 2025
Abstract
Insect pests cause severe damage and yield losses to many agricultural crops globally. The use of chemical pesticides on agricultural crops is not recommended because of their toxic effects on the environment and consumers. In addition, pesticide toxicity reduces soil fertility, poisons ground [...] Read more.
Insect pests cause severe damage and yield losses to many agricultural crops globally. The use of chemical pesticides on agricultural crops is not recommended because of their toxic effects on the environment and consumers. In addition, pesticide toxicity reduces soil fertility, poisons ground waters, and is hazardous to soil biota. Therefore, applications of entomopathogenic nematodes (EPNs) and plant growth-promoting rhizobacteria (PGPR) are an alternative, eco-friendly solution to chemical pesticides and mineral-based fertilizers to enhance plant health and promote sustainable food security. This review focuses on the biological and ecological aspects of these organisms while also highlighting the practical application of molecular communication approaches in developing a novel plant health product. This insight will support this innovative approach that combines PGPR and EPNs for sustainable crop production. Several studies have reported positive interactions between nematodes and bacteria. Although the combined presence of both organisms has been shown to promote plant growth, the molecular interactions between them are still under investigation. Integrating molecular communication studies in the development of a new product could help in understanding their relationships and, in turn, support the combination of these organisms into a single plant health product. Full article
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20 pages, 2088 KiB  
Article
Sustainable Soil Management in Reservoir Riparian Zones: Impacts of Long-Term Water Level Fluctuations on Aggregate Stability and Land Degradation in Southwestern China
by Pengcheng Wang, Zexi Song, Henglin Xiao and Gaoliang Tao
Sustainability 2025, 17(15), 7141; https://doi.org/10.3390/su17157141 - 6 Aug 2025
Abstract
Soil structural instability in reservoir riparian zones, induced by water level fluctuations, threatens sustainable land use by accelerating land degradation. This study examined the impact of water-level variations on soil aggregate composition and stability based on key indicators, including water-stable aggregate content (WSAC), [...] Read more.
Soil structural instability in reservoir riparian zones, induced by water level fluctuations, threatens sustainable land use by accelerating land degradation. This study examined the impact of water-level variations on soil aggregate composition and stability based on key indicators, including water-stable aggregate content (WSAC), mean weight diameter (MWD), and geometric mean diameter (GMD). The Savinov dry sieving, Yoder wet sieving, and Le Bissonnais (LB) methods were employed for analysis. Results indicated that, with decreasing water levels and increasing soil layer, aggregates larger than 5 mm decreased, while aggregates smaller than 0.25 mm increased. Rising water levels and increasing soil layer corresponded to reductions in soil stability indicators (MWD, GMD, and WSAC), highlighting a trend toward soil structural instability. The LB method revealed the lowest aggregate stability under rapid wetting and the highest under slow wetting conditions. Correlation analysis showed that soil organic matter positively correlated with the relative mechanical breakdown index (RMI) (p < 0.05) and negatively correlated with the relative slaking index (RSI), whereas soil pH was negatively correlated with both RMI and RSI (p < 0.05). Comparative analysis of aggregate stability methods demonstrated that results from the dry sieving method closely resembled those from the SW treatment of the LB method, whereas the wet sieving method closely aligned with the FW (Fast Wetting) treatment of the LB method. The Le Bissonnais method not only reflected the outcomes of dry and wet sieving methods but also effectively distinguished the mechanisms of aggregate breakdown. The study concluded that prolonged flooding intensified aggregate dispersion, with mechanical breakdown influenced by water levels and soil layer. Dispersion and mechanical breakdown represent primary mechanisms of soil aggregate instability, further exacerbated by fluctuating water levels. By elucidating degradation mechanisms, this research provides actionable insights for preserving soil health, safeguarding water resources, and promoting sustainable agricultural in ecologically vulnerable reservoir regions of the Yangtze River Basin. Full article
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23 pages, 1191 KiB  
Article
The Power of Interaction: Fan Growth in Livestreaming E-Commerce
by Hangsheng Yang and Bin Wang
J. Theor. Appl. Electron. Commer. Res. 2025, 20(3), 203; https://doi.org/10.3390/jtaer20030203 - 6 Aug 2025
Abstract
Fan growth serves as a critical performance indicator for the sustainable development of livestreaming e-commerce (LSE). However, existing research has paid limited attention to this topic. This study investigates the unique interactive advantages of LSE over traditional e-commerce by examining how interactivity drives [...] Read more.
Fan growth serves as a critical performance indicator for the sustainable development of livestreaming e-commerce (LSE). However, existing research has paid limited attention to this topic. This study investigates the unique interactive advantages of LSE over traditional e-commerce by examining how interactivity drives fan growth through the mediating role of user retention and the moderating role of anchors’ facial attractiveness. To conduct the analysis, real-time data were collected from 1472 livestreaming sessions on Douyin, China’s leading LSE platform, between January and March 2023, using Python-based (3.12.7) web scraping and third-party data sources. This study operationalizes key variables through text sentiment analysis and image recognition techniques. Empirical analyses are performed using ordinary least squares (OLS) regression with robust standard errors, propensity score matching (PSM), and sensitivity analysis to ensure robustness. The results reveal the following: (1) Interactivity has a significant positive effect on fan growth. (2) User retention partially mediates the relationship between interactivity and fan growth. (3) There is a substitution effect between anchors’ facial attractiveness and interactivity in enhancing user retention, highlighting the substitution relationship between anchors’ personal characteristics and livestreaming room attributes. This research advances the understanding of interactivity’s mechanisms in LSE and, notably, is among the first to explore the marketing implications of anchors’ facial attractiveness in this context. The findings offer valuable insights for both academic research and managerial practice in the evolving livestreaming commerce landscape. Full article
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24 pages, 759 KiB  
Article
The Mediating Role of the Firm Image in the Relationship Between Integrated Reporting and Firm Value in GCC Countries
by Mohammed Saleem Alatawi, Zaidi Mat Daud and Jalila Johari
J. Risk Financial Manag. 2025, 18(8), 438; https://doi.org/10.3390/jrfm18080438 - 6 Aug 2025
Abstract
In the context of the GCC, the adoption of integrated reporting (IR) remains limited, due in part to weak regulatory enforcement, a lack of awareness of the strategic benefits of IR, and a strong focus on short-term financial results. This limited reporting context [...] Read more.
In the context of the GCC, the adoption of integrated reporting (IR) remains limited, due in part to weak regulatory enforcement, a lack of awareness of the strategic benefits of IR, and a strong focus on short-term financial results. This limited reporting context presents a significant challenge for firms to credibly demonstrate their value to the market and attract potential investors, thus communicating long-term value. Given these limitations, this study considers how IR contributes to firm value, but also examines the mediating role that firm image (FI) plays in this relationship as a reputational construct representing stakeholder perspectives of a firm’s transparency and accountability. The research employs a quantitative methodology, analysing secondary data from corporate governance and integrated reports spanning 2017–2018 to 2022–2023. Findings indicate a positive and robust relationship between integrated reporting and the firm’s value, which was assessed using Tobin’s Q. The findings highlight the significant mediating role of firm image, illustrating how IR practices, via increased transparency, accountability, and sustainability, enhance firm value. This study provides significant insights for researchers, policymakers, and corporate managers, highlighting the strategic relevance of IR in the GCC region. The findings demonstrate that integrated reporting improves transparency, accountability, and sustainability, thereby assisting corporate managers in utilising IR to enhance firm image and facilitate value creation. Policymakers can utilise these insights to develop regulatory frameworks that promote integrated reporting practices, thereby enhancing transparency and sustainable growth within the corporate sector. Full article
(This article belongs to the Special Issue Emerging Trends and Innovations in Corporate Finance and Governance)
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16 pages, 1674 KiB  
Article
Enhanced Anticancer Activity of Atractylodin-Loaded Poly(lactic-co-glycolic Acid) Nanoparticles Against Cholangiocarcinoma
by Tullayakorn Plengsuriyakarn, Luxsana Panrit and Kesara Na-Bangchang
Polymers 2025, 17(15), 2151; https://doi.org/10.3390/polym17152151 - 6 Aug 2025
Abstract
Cholangiocarcinoma (CCA) is highly prevalent in the Greater Mekong sub-region, especially northeastern Thailand, where infection with the liver fluke Opisthorchis viverrini is a major etiological factor. Limited therapeutic options and the absence of reliable early diagnosis tools impede effective disease control. Atractylodes lancea [...] Read more.
Cholangiocarcinoma (CCA) is highly prevalent in the Greater Mekong sub-region, especially northeastern Thailand, where infection with the liver fluke Opisthorchis viverrini is a major etiological factor. Limited therapeutic options and the absence of reliable early diagnosis tools impede effective disease control. Atractylodes lancea (Thunb.) DC.—long used in Thai and East Asian medicine, contains atractylodin (ATD), a potent bioactive compound with anticancer potential. Here, we developed ATD-loaded poly(lactic co-glycolic acid) nanoparticles (ATD PLGA NPs) and evaluated their antitumor efficacy against CCA. The formulated nanoparticles had a mean diameter of 229.8 nm, an encapsulation efficiency of 83%, and exhibited biphasic, sustained release, reaching a cumulative release of 92% within seven days. In vitro, ATD-PLGA NPs selectively reduced the viability of CL-6 and HuCCT-1 CCA cell lines, with selectivity indices (SI) of 3.53 and 2.61, respectively, outperforming free ATD and 5-fluorouracil (5-FU). They suppressed CL-6 cell migration and invasion by up to 90% within 12 h and induced apoptosis in 83% of cells through caspase-3/7 activation. Micronucleus assays showed lower mutagenic potential than the positive control. In vivo, ATD-PLGA NPs dose-dependently inhibited tumor growth and prolonged survival in CCA-xenografted nude mice; the high-dose regimen matched or exceeded the efficacy of 5-FU. Gene expression analysis revealed significant downregulation of pro-tumorigenic factors (VEGF, MMP-9, TGF-β, TNF-α, COX-2, PGE2, and IL-6) and upregulation of the anti-inflammatory cytokine IL-10. Collectively, these results indicate that ATD-PLGA NPs are a promising nanotherapeutic platform for targeted CCA treatment, offering improved anticancer potency, selectivity, and safety compared to conventional therapies. Full article
(This article belongs to the Section Polymer Applications)
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