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This study investigates the relationship between foreign ownership, earnings quality and overinvestment in Japanese zombie firms.

The study makes use of data from Japanese firms listed on the first section of the Tokyo Stock Exchange from 2009 to 2019. The study employs logistic and multinomial logistic models to test whether the overinvestment behavior of zombie firms is mitigated by foreign shareholdings and earnings quality.

The results show that (1) zombie firms tend to overinvest; (2) an increase in foreign ownership mitigates the overinvestment of zombie firms and (3) the mitigation of zombie firms' overinvestment by foreign ownership is stronger with higher earnings quality.

This study extends the discussion of earnings quality and investment efficiency to the zombie firm setting. Previous studies in accounting suggest that high earnings quality enhances firms' investment efficiency. The findings suggest that both a change in ownership structure and high-quality accounting information are necessary to mitigate the inefficiency of zombie firms.

This chapter presents a comprehensive framework for advancing smart cities in Bahrain, focusing on innovation, development, transformation, and prosperity. The framework integrates technological advancements with sustainable practices to enhance societal well-being, economic growth, and overall development. It aligns with Bahrain’s 2030 Vision, aiming to create Next Generation Smart Cities. The chapter emphasizes enhancing social impact, healthcare access, and promoting a healthy lifestyle, driving economic growth through digital infrastructure, and promoting sustainability through renewable energy and smart urban planning. It provides a roadmap for integrating smart technologies into urban planning, infrastructure development, and service delivery, improving residents’ quality of life and promoting economic growth. The framework highlights the importance of sustainability, emphasizing environmentally friendly practices and energy-efficient solutions. Bahrain’s smart city initiatives are multifaceted, encompassing social, economic, and sustainability agendas. Socially, the focus is on promoting cohesion and community engagement through smart parks, community centers, and digital platforms that facilitate communication and collaboration. Economically, Bahrain aims to drive growth and innovation by investing in digital infrastructure and deploying smart technologies across sectors like finance and tourism. Additionally, the kingdom is developing a skilled workforce in emerging technologies to enhance competitiveness. Sustainability is a key pillar, with Bahrain investing in renewable energy sources and smart grid technologies to reduce reliance on fossil fuels and improve energy efficiency. These initiatives collectively aim to enhance the quality of life, drive economic prosperity, and promote environmental sustainability in Bahrain’s smart cities.

Narratives underscoring the necessity of innovation for success are pervasive. Yet, many new products fail or fail to produce their intended impacts. Conventional views typically promote the functional view of innovation, which focuses on identifying and meeting customer needs. The authors argue, however, that culture is an overlooked explanation of innovation success.

This study uses a conceptual approach, grounded in cultural sociology, to illustrate the ways in which innovation success is influenced by cultural beliefs. Accordingly, this study develops a cultural view of innovation and compare it with the functional view.

This study shows that novel products are successful to the extent their meanings and value resonate with relevant stakeholders. Not only does culture matter, but customers’ needs are often shaped by cultural values in the first place.

More systematic qualitative and quantitative research is needed to better understand the best processes for incorporating cultural beliefs into product features.

In addition to customer needs, innovators should include cultural beliefs as design requirements to ensure the product resonates with the values and everyday practices of users. One way to do this is by implementing the productive method, which provides the resources for the relevant potential users to design the product themselves.

It is not always enough to learn and solicit feedback from potential users. To fully understand the obstacles that may inhibit innovation, this study advocates for providing potential users, local engineers and other relevant stakeholders the autonomy to design, manufacture, market and distribute the product.

Purpose: This chapter aims to understand what convergence means and why it is considered so crucial for the full admission of a state to the European Economic and Monetary Union. Doing this will help understand what considerations of economic theory it is based on.

Need for study: To look into the Maastricht architecture, to point out its fragility during the last crises and the capability of the reforms adopted to reduce it, and to make European monetary union (EMU) more attractive for European Union (EU) members still outside it.

Methodology: The experiences of some countries that joined the EU from 2004 to today will be analysed to propose a synthesis from both a qualitative and quantitative perspective that highlights the paths taken by individual states and the processes currently underway.

Findings: The fragility of the EMU architecture became apparent during recent crises. The European Central Bank (ECB) took on new functions, and it became necessary to establish new financial institutions to operate beyond the Maastricht Treaty. Public budget control rules were suspended during the pandemic crisis, and a one-off transfer among states (Next-Generation EU) was adopted. This was an important precedent, but it was still far from the redistribution among states necessary for a political union.

Practical implications: In Maastricht architecture, there is no room for what is needed most by old and new members, that is, coordinated fiscal policies to stimulate aggregate demand, ensuring persistently high employment and production levels. The paths towards the welfare of European citizens, the increase in the sense of belonging to the same community, attracting new members and supporting financial stability all “converge” on the denominator of the Maastricht fiscal parameters.

The transition from fossil fuel-based energy systems to renewable energy sources, commonly referred to as the energy transition, is essential for combating climate change. However, comprehensive studies that thoroughly examine the financial mechanisms involved in this process are lacking. Despite the availability of various financial tools, there is a notable absence of extensive research that synthesizes and categorizes these mechanisms into broad groups.

A systematic literature review is used to explore a comprehensive framework for financial mechanisms related to the energy transition and their application across six stages of the process.

The framework of financial mechanisms for energy transition encompasses these six factors: public financing mechanisms, private financing mechanisms, market-based mechanisms, innovative financing mechanisms, risk mitigation instruments and institutional support and capacity building.

This is the first study that thoroughly reviewed the financial mechanisms involved in the energy transition process.

This paper aims to offer a comprehensive review and categorization of production optimization throughout the additive manufacturing lifecycle in a cloud environment. It aims to provide a structured approach to identifying and addressing issues.

This paper systematically reviews 75 technical papers on cloud manufacturing, nesting, scheduling and postprocessing in additive manufacturing. This includes a detailed discussion of the key issues.

This paper introduces a production framework for the entire lifecycle of additive manufacturing in a cloud environment. This framework aids in problem identification and decision-making based on the process flow. It provides an integrated view from cloud to postprocessing, examining decision interdependencies and enhancing problem identification and organization.

To the best of the authors’ knowledge, this paper is the first to review the complete lifecycle of additive manufacturing, emphasizing the often-overlooked aspects of postprocessing and cloud manufacturing. It offers a comprehensive study of lifecycle optimization challenges and suggests ways to streamline the production process.

The chapter's scope focuses on examining the manufacturing and consumption practices of plastic-related materials, which are nature-resistant and do not decompose quickly, and the efforts of formal institutions to encourage the recycling of these materials for the environmental sustainability of the metropolis. The chapter examined how effective recycling policies have been in enabling the reuse of plastics and related materials and their effects on the environment. This chapter uses the green theory as a theoretical approach to explain the relationship between man and the environment. The chapter employed a qualitative approach to research with reliance on secondary sources of data. This chapter's findings revealed that while policies are geared towards improving the recycling culture in Lagos, Nigeria, those policies needed to be adequately enacted by the government with the appropriate structure to enable them to achieve the stated objectives, thus rendering them ineffective. In this chapter, recommendation centers, amongst others, that the government of Lagos state, Nigeria, should adopt extended producer responsibility (EPR) to hold manufacturers and importers accountable for the product's life cycle and invest in quality public–private partnerships (PPPs) in recycling to ensure environmental sustainability of the metropolis.

Information from secondary sources was used to develop this case study. The sources of the data included the organization’s website, yearly reports, news releases, reports that have been published and documents that are accessible online.

As of 2023, Kenya generated around 0.5–1.3 million tons of plastic waste per year, of which only 8% was recycled. The remaining waste was either dumped into landfills, burned or released back into the environment. In addition to the plastic problem, a deforestation crisis was looming large in the country. Despite the country’s efforts to improve recycling, banning the use of single-use plastic to reduce plastic pollution, plastic waste continued to be a major issue. Growing up in the Kaptembwa slums of rural Kenya, Lorna saw the adverse impact that plastic waste had on the local ecosystem. Also, she was perturbed by the widespread cutting down of trees for construction of buildings, etc., which had resulted in deforestation. Lorna’s concern for the environment and her desire to address these issues motivated her to found EcoPost, a business that promoted a circular economy by gathering and recycling plastic waste.

With the common goal of enhancing circularity, EcoPost and Austria-based chemical company Borealis collaborated to stop waste from seeping into the environment and to make a positive socioeconomic and environmental impact. The funding from Borealis would help EcoPost in increasing its capabilities, providing training and recruiting more waste collectors. The funds were also supposed to help formalize the work of the waste pickers (mostly youth and women from marginalized communities) by financing the entrepreneurial start-up kits. Lorna aimed to create a business model that would not only solve the plastic waste problem but would also contribute to the social and economic development of local communities. Amidst these gigantic problems of plastic waste and deforestation that Kenya was facing, how will Lorna achieve her ambitious goal of reducing plastic waste and save trees? How will EcoPost pave the way to a cleaner, healthier and more sustainable future?

This case is intended for use in MBA, post-graduate/executive level programs as part of entrepreneurship and sustainability courses.

This study aims to focus on how smartphone addiction impacts young consumer behavior related to mobile technology (i.e. the compulsive app downloading tendency). After a thorough literature review and following the risk and protective factors framework, this study explores factors that could mitigate its effects (resilience, family harmony, perceived social support and social capital).

The study used the covariance-based structural equation modeling approach to analyze data collected from 275 Generation Z (Gen Z) smartphone users in Spain.

Results suggest that resilience is a critical factor in preventing smartphone addiction, and smartphone addiction boosts the compulsive app downloading tendency, a relevant downside for younger Gen Z consumers.

Through the lens of the risk and protective factors framework, this study focuses on protective factors to prevent smartphone addiction and its negative side effects on app consumption. It also offers evidence of younger consumers’ vulnerability to smartphone addiction, not because of the device itself but because of app-consumption-related behaviors.

This study explores the potential impact of enterprise social media (ESM) communication visibility on knowledge sabotage to reduce knowledge sabotage within organizations.

We collected data from 389 Chinese employees across three stages and used hierarchical regression analysis and the bootstrap method to test our hypotheses.

Communication visibility negatively affects knowledge sabotage, and the loss of knowledge power mediates the relationship between communication visibility and knowledge sabotage. Digital work connectivity strengthens the negative relationship between message transparency and loss of knowledge power but weakens the negative relationship between network translucence and loss of knowledge power. Therefore, digital work connectivity plays a dual role.

Managers can encourage employees to share their knowledge advantages through ESM and seek cross-disciplinary knowledge cooperation, which helps restrain knowledge sabotage from the source. At the same time, maintaining appropriate digital work connectivity enables employees to leverage their knowledge interaction advantages of ESM, thereby fostering their knowledge competitiveness.

This study is the first to reveal the internal mechanism (loss of knowledge power) through which ESM communication visibility affects knowledge sabotage and explores the boundary condition (digital work connectivity) impacting the effectiveness of communication visibility. It contributes to a deeper understanding of the inherent nature of knowledge sabotage from an information technology perspective and offers novel technical insights into its management.