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Article
Publication date: 19 July 2024

Haonan Chen, Anxia Wan, Guo Wei and Peng Benhong

This study aims to enhance the assessment of green governance in energy projects along the Belt and Road, reduce the influence of fuzzy judgment, and construct a grey network…

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Abstract

Purpose

This study aims to enhance the assessment of green governance in energy projects along the Belt and Road, reduce the influence of fuzzy judgment, and construct a grey network analysis model from the perspective of Environmental, Social, and Governance (ESG).

Design/methodology/approach

The ESG concept is used to establish an evaluation indicator system. The Analytic Network Process (ANP) and the Grey System Theory are applied sequentially to determine the green governance grade of energy projects, exemplified by an evaluation of five projects.

Findings

The Karot hydropower project has the best green governance status among the five projects and is of excellent grade. This is followed by the Hongfeng photovoltaic project, the De Aar wind power project, and the Yamal liquefied natural gas project, which are of good grade. The Lamu coal power station project has the worst green governance and is at a medium level.

Practical implications

This study can assist Belt and Road energy projects in identifying their deficiencies and promoting sustainable development by providing a robust framework for green governance evaluation.

Originality/value

The indicator system developed in this study includes social and project governance aspects in addition to environmental performance, reflecting the comprehensive green governance status of projects. The combined use of ANP and grey system theory fully considers the mutual influence relationship between indicators and improves the objectivity of green governance grade judgment.

Details

Management Decision, vol. 63 no. 1
Type: Research Article
ISSN: 0025-1747

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Article
Publication date: 3 March 2025

Haonan Zhou and Chao Liang

This study aims to investigate the relationship between geopolitical risk (GPR) and gold price bubbles to determine whether rising GPR can drive deviations in the fundamental…

13

Abstract

Purpose

This study aims to investigate the relationship between geopolitical risk (GPR) and gold price bubbles to determine whether rising GPR can drive deviations in the fundamental value of gold, thus leading to speculative bubbles.

Design/methodology/approach

Using a data set that spans from January 2002 to December 2023 and covers both GPR data and gold price data, this study applies the log-periodic power law singularity (LPPLS) model to identify gold price bubbles. The analysis explores the effects of GPR and its sub-indices – geopolitical risk–acts (GPRA) and geopolitical risk–threats (GPRT) – on gold price bubbles. The causal relationships are examined through logistic regression, Tobit modelling and machine learning, with a focus on different countries, including major gold producers and consumers.

Findings

The results indicate a significant relationship between GPR and gold price bubbles, particularly with GPRA, which exerts a stronger influence than GPRT does. Peaks in GPR often align with the formation of gold price bubbles, both positive and negative. Additionally, geopolitical instability in Russia has a significant effect on US gold price bubbles.

Practical implications

The findings provide valuable insights for investors and policymakers by emphasizing the importance of GPR in shaping gold price dynamics. Investors are advised to consider the nuanced roles of GPRA and GPRT when using gold as a hedge during periods of heightened geopolitical tension.

Social implications

Understanding the role of GPR in gold price bubbles can help mitigate the financial risk associated with speculative bubbles, thereby offering a better framework for managing assets during geopolitical crises.

Originality/value

This study extends existing research by directly linking GPR with gold price bubbles via the LPPLS model, with a novel emphasis on the differentiation between GPRA and GPRT, providing new perspectives on the safe-haven role of gold during geopolitical uncertainty.

Details

Review of Accounting and Finance, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1475-7702

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Article
Publication date: 20 January 2025

Amir Khushk, Liu Zhiying, Xu Yi and Haonan Liu

Morality in the workplace has become a significant determinant of organizational effectiveness and employee well-being. This research aims to conduct an in-depth review of the…

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Abstract

Purpose

Morality in the workplace has become a significant determinant of organizational effectiveness and employee well-being. This research aims to conduct an in-depth review of the past literature on multidimensional morality and provide insight into its impact on the modern workplace and employee well-being.

Design/methodology/approach

The literature search resulted in 3,589 papers published between 2012 and 2024. This paper analyzed 30 research studies on workplace morality based on predetermined inclusion and exclusion criteria to ensure methodological rigor.

Findings

Research findings show the need to promote workplace ethics to avoid counterproductive workplace behaviors. Also, effective leadership adheres to ethical principles, together with the ethical framework of an organization, which includes codes of ethics and a commitment to corporate social responsibility, contributing to the overall well-being of individuals by providing a sense of support and resolving conflicts. Ethical conflicts are associated with decreased well-being and increased turnover, underscoring the need for organizational solutions.

Practical implications

Understanding intricate morality is essential for organizations to foster moral cultures and improve performance. HR specialists can use this knowledge to create policies that uphold moral principles and improve employee job satisfaction.

Originality/value

This study extends the current body of knowledge by synthesizing research on multifaceted moral issues in modern workplaces. It provides useful insights for researchers, practitioners, and policymakers who are interested in promoting ethical organizational cultures by addressing ethical shortcomings.

Details

International Journal of Organizational Analysis, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1934-8835

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