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Against the backdrop of the carbon neutrality strategy, the key issue remains how green finance can boost enterprise green innovation and social transformation. The paper introduces the policy of Pilot Zones for Green Finance Reform and Innovations ("the PZGFRI Policy") announced in 2017 as a quasi-natural experiment and probes into whether green finance has a significant impact on enterprise green innovation as well as its mechanism based on the green patent data of China's A-share listed companies in the Shanghai Stock Exchange and the Shenzhen Stock Exchange from 2012 to 2019. The paper reaches the conclusion that the PZGFRI Policy has significantly promoted the green innovation of enterprises. In terms of heterogeneity of enterprise characteristics, it generates greater impacts on non-polluting firms, large-scale enterprises, and state-owned companies. For the heterogeneity of the financial environment, the PZGFRI Policy provides more benefits for those in regions with less competitive banks. As for the mechanism, green finance advances enterprise green innovation by increasing the proportion of long-term loans of enterprises and improving their debt structure. However, evidence related to financing cost channels has not yet been found. Continued improvement of the green financial system is preferred. Further, green finance should be encouraged to play an important role in the green transformation of society, the realization of carbon neutrality goals, and long-term ecological conservation. [ABSTRACT FROM AUTHOR]

The article presents author's views on the corporate defense counsel and the requirement of protection for German and other foreign companies against trials in the U.S. courts. The lack of lis pendens rule in the global litigation landscape and the need of widening the declaratory judgment in judicial system are discussed. He also mentions about the traditional wisdom of American litigation in Europe.

Annapoornima M. Subramanian, Moren Lévesque, and Vareska Van De Vrande were recognized as a runner up for the 2020 Ralph Gomory Best Industry Studies Paper Award. [ABSTRACT FROM AUTHOR]

Talks about issues pertinent to the pulp, paper and packaging industry in the U.S. and Canada. Challenges faced by the industry; Percentage of decrease in average return on shareholders' equity of U.S.-based firms; Increase in foreign sales by Canadian companies.

Software module clustering approaches can provide a better understanding of large and complex software systems through decomposing the enterprise resources into classified modules which are smaller, and therefore easier-to-handle. As the dimensions and complexity of enterprise software projects are continuously increasing, handling a large software project is going to be more challenging. The challenge would be more complex if the experienced personnel is considered as well. Therefore, appropriate automatic software modularization clustering methods are required in resource management. This paper provides a Systematic Literature Review (SLR) on the software modularization clustering models. We studied a wide range of papers from 2001 to 2020 to provide our SLR. Also, a technical taxonomy is presented to classify the existing papers on software modularization clustering models and algorithms. The software module clustering methods are categorized into three main classes. Finally, new challenges and forthcoming issues of software modularization clustering models are presented. [ABSTRACT FROM AUTHOR]

A commentary on the article "The India Way: Lessons for the U.S." by Peter Cappelli, Harbir Singh, Jitendra Singh, and Michael Useem, published elsewhere in the same issue, is presented. The topic is a comparison of the prevailing corporate cultures and business models in the U.S. and India. The argument that Indian firms tend to take a more socially engaged approach, while U.S. companies typically focus narrowly on shareholder value, is discussed. The question of whether U.S. businesses would do well to adopt some of the best practices of successful Indian firms is addressed, and it is said that Indian ideals of corporate governance could well have a salutary effect on U.S. business philosophy.

An introduction is presented in which the editor discusses articles in the issue on topics including a new method for multi-criteria group decision-making; a deep learning-based decision support system for mobile performance marketing; and a decision support system for project portfolio management in construction companies.

Many studies confirm the impact of financial development on the macro economy, but systematic studies of the impact of financial development on corporate exports is still lacking. Based on the quasi-natural experiment established by city commercial banks, this paper uses micro-data of Chinese industrial enterprises from 1998 to 2013 and adopts a double difference method to test the impact of the development of local financial institutions on corporate exports. The results show that the establishment of city commercial banks has significantly increased the export participation rate and total export volume of manufacturing enterprises in the city where they are located; comparatively speaking, its impact on the export expansion margin of industrial enterprises exceeds the intensive margin. At the same time, the study also found that the above-mentioned influences exist in both long-term and short-term, and in enterprises of different sizes and attributes. These findings provide new evidence for understanding the relationship between local financial development and corporate exports. [ABSTRACT FROM AUTHOR]

Copyright of Journal of International Business Studies is the property of Springer Nature and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Public disclosure programs that collect and disseminate information about firms' environmental performance are increasingly popular in both developed and developing countries. Yet little is known about whether they actually improve environmental performance, particularly in the latter setting. We use detailed plant-level survey data to evaluate the impact of India's Green Rating Project (GRP) on the environmental performance of the country's largest pulp and paper plants. We find that the GRP drove significant reductions in pollution loadings among dirty plants but not among cleaner ones. This result comports with statistical and anecdotal evaluations of similar disclosure programs. We also find that plants located in wealthier communities were more responsive to GRP ratings, as were single-plant firms. [ABSTRACT FROM AUTHOR]

The article focuses on the move for an environmental sustainability by the printing industry in the U.S. The move had encountered several challenges along the way to its implementation due to workflow technology issues of business establishments. According to the author, many printing companies have received the certification of Forestry Stewardship Council (FSC), an internationally known chain of custody verification on the used of fiber from the managed forest. It had also become the qualification criterion for suppliers of paper and printing to major corporations such as Wal-Mart, Goldman Sachs and Bank of America.

Science and technology parks (STPs) are non-spontaneous agglomerations aimed at encouraging the formation and growth of on-site technology and knowledge-based firms. STPs have diffused worldwide, attracting significant, and often public, investment. However, there are contrasting evidence and insights on the effectiveness of these local development, technology and innovation policy tools. This paper provides a comprehensive and systematic review of the STP literature (221 papers, 1987–2021), focusing especially on quantitative papers aimed at assessing the park effect on tenant's performance. We perform an in-depth quantitative analyses, which allows us to go beyond the inconclusiveness reported in previous review papers, showing that the likelihood of finding positive STP effects increases considerably with sample size. We discuss the limitations of this literature and offer some suggestions for future research. [ABSTRACT FROM AUTHOR]

Purpose: The authors aim to look at the conditions under which central bank easing – and specifically the purchase of private sector securities – can/should contribute to growth, rather than fiscal policy and also ask when can the central bank's purchase of private sector securities help supplant traditional monetary policy. Design/methodology/approach: After surveying the existing literature, the authors use simple correlation of central bank private asset (stocks, bonds, etc.), interest rates, gross domestic product (GDP) growth, inflation and the extent of the functioning of domestic banking sectors (among others) to classify countries in which these purchases promote pro-growth investment. Findings: Under the typical conditions for unconventional monetary policy, central bank purchases of private companies' securities can promote growth in some places (like Bulgaria, the Ukraine, Georgia and Greece at the time of our writing) while hurting it in others (like in parts of Latin America and Africa in the mid-2010s). The authors find how such purchases effectively "bypass" dysfunctional banking systems and central/government local bodies fiscal spending, making the central bank the "funder of last resort" in many middle and lower income countries. Practical implications: This paper tells specific central banks to ramp up – or reduce – their purchases of private sector securities. The authors identify exact jurisdictions where such "helicopter money" has led to investment in the past economic growth. Originality/value: All previous work on conventional and unconventional monetary policy has looked at the way monetary policy affects investment and growth through the banking system and holding companies' reactions constant. The authors do the opposite – looking at how companies respond, holding banking system responses constant. No one has ever looked at these private purchases (taken from a special IMF database), much less tried to argue that central banks can sometimes target investment growth much better than fiscal policy. No one has ever considered them as a funder (rather than lender) of last resort. [ABSTRACT FROM AUTHOR]

In summary, both works investigate how information technology (IT) can be deployed more effectively in the service of the markets. Two papers that open this issue of I JMIS i engage at a deep level the human-machine interactions that permeate our everyday life. The agility of the unit is affected negatively by the loss of autonomy with respect to the IT applications, before regaining the ground and tending upwards. [Extracted from the article]

Purpose: This study aims to investigate the impact of channel diversity on constructive and destructive conflicts in manufacturer-distributor relationships, as well as the mediating role of distributor opportunism and the moderating role of distributor network centrality. Design/methodology/approach: This paper collected channel dual data to represent channel behavior in manufacturer-distributor relationships accurately. Using 208 matched manufacturer distributor bilateral data from Chinese B2B firms validate the conceptual model. This paper tested the proposed hypothesis using AMOS 24.0 software. Findings: Channel diversity strengthens constructive conflict and weakens destructive conflict between manufacturers and distributors. Distributor opportunism plays a mediating role between channel diversity and constructive conflict. Distributor network centrality reinforces the positive impact of channel diversity on constructive conflict and the impact of channel diversity on destructive conflict. Originality/value: This research contributes significantly to developing channel diversity and conflict theory by expanding the dyadic view to a network view. It also provides valuable insights for managers, highlighting the importance of maintaining a good relationship with distributors with high network centrality. The research results allow the constructive aspects of channel conflict to manifest fully and enhance the effectiveness of channel management. Distributor firms should prioritize communication and contact with network members to increase their network centrality, enabling them to take more initiative, exert influence and establish advantageous cooperative partnerships with manufacturers. [ABSTRACT FROM AUTHOR]

This paper establishes a symmetric matrix based on the coopetition relationships among global automobile enterprises, and uses Ucinet software to obtain the visualization chart of the coopetition network of global automobile enterprises. Then, the multiple moderating effect method and two-stage least squares method are adopt to reveal the interaction between structural hole and centrality on enterprise market performance, and how the ego-network characteristics affect this interaction. The results show that structural hole and centrality have a positive interaction on market performance. Compared with high ego-network stability, the positive interaction between structural hole and centrality on enterprise market performance is stronger under the condition of low ego-network stability. And compared with low ego-network density, the positive interaction between structural hole and centrality on market performance is stronger under the condition of high ego-network density. These new findings further strengthen the connection between the overall network and ego-network. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Engineering Management / Gongcheng Guanli Xuebao is the property of Journal of Engineering Management Editorial Office and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Purpose: The aim of the study was to present companies debuting on the NewConnect market in Poland and to examine the impact of IPO on the economic situation of innovative firms. The methods of financing these enterprises were analyzed, and a characterization of innovative companies that debuted on the NC market was made. Design/methodology/approach: The aim of the work was achieved by analyzing the literature and conducting research on companies debuting on the NC. The study covered the period from 2007 to 2018, during which 25 innovative enterprises were identified. Findings: The results indicate statistically significant changes in financial liquidity and debt ratios post-IPO. A decrease in innovation levels, measured by the number of patents, was also observed. Notably, a small percentage of companies debuting on NC are innovative, with no correlation between their number and the innovation level of the voivodeship. The study suggests the need for stronger intellectual property protection in Poland and greater regional support for innovation. It also highlights that the NewConnect market does not fully address the financial needs of young, fast-growing enterprises. Originality/value: The problem addressed in the paper has significant practical implications, with research findings that could be beneficial for managers overseeing enterprises and those responsible for guiding innovation strategies and financing methods. This study provides valuable insights into optimizing the financial decisions of innovative companies, especially in the context of alternative markets like NewConnect. [ABSTRACT FROM AUTHOR]

This paper investigates whether and how firms receiving benefits through their connections to politicians use accounting discretion to mitigate the costs associated with negative publicity. I utilize a unique setting that captures the change in political costs arising from chairmanship appointments to influential U.S. Senate committees. Firms in the home state of a promoted officeholder often receive preferential treatment, drawing public scrutiny and incentivizing them to avoid reporting extreme earnings through income smoothing to reduce adverse political attention. Employing a difference-in-differences research design, I find evidence that home-state firms smooth their earnings throughout the officeholder's tenure following a senator's promotion to chairman or ranking minority member. Cross-sectional analyses demonstrate that these effects are stronger for firms anticipating higher political costs. Overall, this paper provides evidence of the political cost hypothesis, highlighting the role of political connections in shaping firms' financial reporting strategies. [ABSTRACT FROM AUTHOR]

This paper investigates the influence of firm-level political risk on the firm's supply of trade credit. Using a novel measure of firm-level political risk developed by Hassan et al. (2019), we find that firm-level political risk has a positive impact on the firm's trade credit extension. We also demonstrate that our results are not driven by macro financial and political events, firm-level political sentiment and non-political risks, and macro-level economic and political factors. Our result continues to hold after addressing the potential endogeneity concern. Additionally, we find that the positive impact of political risk on trade credit extension is more pronounced for firms selling differentiated goods and services. Furthermore, we demonstrate that extending trade credit enhances firm value when a firm faces higher political risk. This paper highlights the importance of considering firm-level heterogeneity in political risk. It also contributes to the literature on the determinants of trade credit extension and deepens our understanding of the relationship between political risk, trade credit, and corporate performance. [ABSTRACT FROM AUTHOR]

Copyright of Területi Statisztika is the property of Hungarian Central Statistical Office and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This paper covers the trend of cross-border mergers and acquisitions (M&As) of corporate control in Italy. The expansion of international acquisitions in the last decades changed the corporate structure of industries and business organizations. The common understanding regards the suspicious transfer of control of companies to a foreign owner. However, the reasons seem ungrounded, and the evidence is conflicting. This paper aims to disentangle this view and offer a more objective assessment. The research uses a dataset comprised of 446 cross-border deals of foreign companies targeting Italian business enterprises over the period 2005–2015 and their performance over the period 2013–2022. The case of Italy is of interest because of the number of foreign acquisitions in the years that comprised the great financial crisis (2007–2008) and the sovereign debt crisis (2010–2011). Foreigners' takeover of Italian companies followed multiple strategies and produced international synergies. The article concludes with implications and considerations for further research. [ABSTRACT FROM AUTHOR]