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This paper considers an e-tailer planning to distribute a product under one direct sales channel and multiple asymmetric agency platforms. Based on the multinomial logit (MNL) choice model, this study optimizes the pricing strategy and channel selection strategy to maximize the e-tailer’s profit.

A two-stage channel selection and pricing problem is formulated, where the profit-maximizing e-tailer first optimally selects a specified number of agency platforms from a set of alternatives to distribute the product and then determines the optimal prices in those channels.

An optimal pricing strategy is proposed to maximize the e-tailer’s total profit on multiple asymmetric channels. The results show that the e-tailer can obtain a higher profit by selling products on more asymmetric agency platforms. Moreover, an effective channel selection algorithm is provided to help the e-tailer optimally select the M agency platforms from N alternatives.

This study enriches the relevant research on multichannel selection and pricing by proposing an optimal pricing strategy and an effective channel selection algorithm. Evaluation results based on real-world industrial data show that the proposed optimal multichannel pricing strategy in this paper can significantly improve the profit of a real-world e-tailer compared to the e-tailer’s actual profit.

Climate change, driven by global warming, poses a significant threat to humanity and disrupts the ecological balance. In Europe, concentrations of air pollutants remain very high, and problems related to air quality and the acceleration of the phenomenon of global warming persist. As a result, carbon taxation has emerged as a key strategy to mitigate climate change. In Romania, environmental taxes are an important instrument of environmental policy as an economic instrument for environmental protection and natural resource management. Using 1990–2021 time series data and an Autoregressive Distributed Lag (ARDL) Bounds cointegration for long-run analysis and the Toda–Yamamoto test for causality analysis, we investigated whether environmental taxes, renewable energy consumption, urbanization and economic growth significantly impact CO₂ emissions in Romania.

This paper differs from the assessment of the Environmental Kuznets Curve (EKC) hypothesis (Grossman and Krueger 1991) and instead aims to determine the impact of environmental taxes, renewable energy consumption, per capita GDP and urbanization on CO₂ emissions in Romania. The study investigates both short- and long-term effects, as well as Toda–Yamamoto causality linkages (Toda and Yamamoto 1995) between these variables. We adopt an ARDL estimation technique with Bound cointegration test and error correction models (Pesaran et al., 2001) to examine the short- and long-term effects.

The findings revealed that environmental taxes positively and significantly reduce CO₂ emissions, while urbanization induces CO₂ emissions, in the long run. Moreover, in the short run, environmental taxes and renewable energy consumption significantly reduce CO₂ emissions while per capita GDP and urbanization significantly increase CO₂ emissions. A unidirectional causality exists between renewable energy consumption and CO₂ emissions. Thus, to realize its 34% target of renewable energy consumption in 2030, Romania should prioritize the implementation of the Casa Verde Plus program and enforce sustainable urban planning to meet near-zero energy standards. Consequently, the government should continue to enforce carbon taxes to promote environmental sustainability.

Empirical evidence supports the cointegration relationship between environmental taxes and CO₂ emissions, with carbon taxes effectively reducing CO₂ emissions and improving environmental quality (Allan et al., 2014; Polat and Polat, 2018; Kiuila et al., 2019, etc.). While existing research (Floros and Vlachou, 2005; Wissema and Dellink, 2007; Aydin and Esen, 2018; Lin and Li, 2011) primarily focuses on country-specific or regional analyses, limited research has been conducted on the impact of carbon taxation on CO₂ emissions in Romania. However, to the best of our knowledge, limited research on this phenomenon in Romania exists in response to recommendations for climate change mitigation. Furthermore, urbanization has significantly contributed to rising atmospheric carbon levels and subsequent global warming and climate change (Woldu, 2021). As economic growth, particularly in countries like Romania, drives urbanization, it leads to increased energy demand, expanding urban areas and mounting environmental concerns. This process involves industrial restructuring, and the development of new infrastructure, all of which exert pressure on energy consumption and CO₂ emissions (Niu and Lekse, 2018). While economic growth is a primary objective, industrialization and urbanization inevitably generate unintended consequences, including CO₂ emissions. However, limited research exists on the impact of urbanization patterns on CO₂ emissions in Romania. This study investigates the dynamic causal relationships among urbanization, per capita GDP, carbon taxes, renewable energy consumption and CO₂ emissions, considering both short-run and long-run effects in Romania.

This study aims to propose a moderated mediation model to investigate the moderating effects of environmental, social and governance (ESG) performance on the relationship between inefficient investment and firm performance and the mediating effect of firms that participate in institutional research on the relationship between investment efficiency and performance. This study also analyses the heterogeneity of the corporate nature, intensity of industrial research and development (R&D), industrial competition and regional marketization.

This study uses a panel data fixed-effects model to conduct a regression analysis of 1,918 Chinese listed firms from 2016 to 2020. A Fisher’s permutation test is used to examine the differences between state-owned and nonstate-owned firms.

Inefficient investment negatively impacts corporate performance and higher ESG performance exacerbates this effect by attracting more institutional research which reveals more problems. State-owned enterprises perform significantly better than nonstate-owned enterprises in terms of ESG transformation. Industrial R&D intensity, competition and regional marketization also mitigate the negative effects of inefficient investment on corporate performance.

This study suggests that companies should consider inefficient investments that arise from agency issues in corporate ESG transformation. In addition, state-owned enterprises in ESG transformation should take the lead to achieve sustainable development more efficiently. China should balance regional marketization, encourage enterprises to increase R&D intensity, reduce industry concentration, encourage healthy competition and prevent market monopolies.

This study combines the agency and stakeholder theories to reveal how inefficient investments that arise from agency issues inhibit value creation in ESG initiatives.

The study aims to assess the impact of disruptive frugal digital technology and small and medium-sized enterprises' (SMEs') innovation performance on the food sector in Masvingo urban, Zimbabwe. A descriptive research design was used, and quantitative data were obtained using a questionnaire survey on 50 restaurant employees and 100 customers. The empirical findings demonstrated that the performance of SMEs was significantly improved by social media, cloud computing, virtual reality (VR), augmented reality (AR), and robotics. The study concludes that disruptive digital technologies (social media, cloud computing, AR, VR and robots affect the performance of SMEs by improving food production, streamlining information transfer, and utilizing cutting-edge technical applications. This chapter recommends that the government, through those in charge of formulating policy, educate and encourage the adoption of disruptive digital technology. The application of social media, cloud computing, VR, AR, and robotics will increase local food producers' access to the market. Digitalization will have a significant effect on Zimbabwe's local food system in the future.

The purpose of this paper is to assess the validity and utility of two theoretical approaches to understanding the relationship between strategic orientations, innovation and firm performance and to examine the role of innovation in the relationship while avoiding circular arguments. The universalistic approach suggests that strategic orientations have independent and parallel effects on firms’ performance, and that innovation does not influence this relationship. The holistic approach proposes that strategic orientations in a complementary and interrelated view have both direct and indirect effects on firms’ performance through innovation.

A meta-analytic path analysis applying two-stage structural equation modeling (TSSEM) was conducted on data from 132 primary studies and 33,063 observations.

The holistic approach was demonstrated to be superior due to its more explanatory power in linking more complex relationships through simultaneous direct and indirect effects and its capacity for including the interrelatedness and complementarity of strategic orientations. It was found that innovation has a full mediating role in the relationship between entrepreneurial orientation (EO) and firm performance, and a partial mediating role in the relationship between market orientation (MO) and learning orientation (LO) and firm performance.

The study used observed variables instead of latent variables for meta-analytic path analysis, which may reduce some sources of endogeneity. However, causal inference is not possible due to the nature of meta-analysis. The scope of the final sample was limited by some studies not reporting the estimates of correlations between constructs.

Managers can improve an organization's chances of success in the marketplace by adopting a holistic view of strategic orientations focusing on customer satisfaction, learning from the external environment and pursuing new market opportunities. Furthermore, an organization can gain a competitive advantage through innovation by creating products and services that are different from what is currently available in the market. To be successful, an organization must not only create innovative products and services but also market them effectively to consumers.

This study is the first to meta-analytically assess the explanatory value of two theorized models linking strategic orientations, innovation and firm performance. It also clarifies the role of innovation in the relationship between strategic orientations and firm performance.

This study aims to improve the detection and quantification of cardiac issues, which are a leading cause of mortality globally. By leveraging past data and using knowledge mining strategies, this study seeks to develop a technique that could assess and predict the onset of cardiac sickness in real time. The use of a triple algorithm, combining particle swarm optimization (PSO), artificial bee colony (ABC) and support vector machine (SVM), is proposed to enhance the accuracy of predictions. The purpose is to contribute to the existing body of knowledge on cardiac disease prognosis and improve overall performance in health care.

This research uses a knowledge-mining strategy to enhance the detection and quantification of cardiac issues. Decision trees are used to form predictions of cardiovascular disorders, and these predictions are evaluated using training data and test results. The study has also introduced a novel triple algorithm that combines three different combination processes: PSO, ABC and SVM to process and merge the data. A neural network is then used to classify the data based on these three approaches. Real data on various aspects of cardiac disease are incorporated into the simulation.

The results of this study suggest that the proposed triple algorithm, using the combination of PSO, ABC and SVM, significantly improves the accuracy of predictions for cardiac disease. By processing and merging data using the triple algorithm, the neural network was able to effectively classify the data. The incorporation of real data on various aspects of cardiac disease in the simulation further enhanced the findings. This research contributes to the existing knowledge on cardiac disease prognosis and highlights the potential of leveraging past data for strategic forecasting in the health-care sector.

The originality of this research lies in the development of the triple algorithm, which combines multiple data mining strategies to improve prognosis accuracy for cardiac diseases. This approach differs from existing methods by using a combination of PSO, ABC, SVM, information gain, genetic algorithms and bacterial foraging optimization with the Gray Wolf Optimizer. The proposed technique offers a novel and valuable contribution to the field, enhancing the competitive position and overall performance of businesses in the health-care sector.

This study examines the impact of inter-organisational justice (i.e. distributive, procedural and interactional) in the buyer–supplier relationship on supply risk and, in turn, on a firm’s marketing and financial performance.

A structured survey was administered both online and in-person to Jordan-based manufacturing companies. The 137 responses received were analysed using partial least structural equation modelling.

The study found that while establishing both procedural and interactional justice in the relationship has a negative impact on supply risk, promoting distributive justice, surprisingly, has no impact. Moreover, supply risk was found to be detrimental to the firm’s marketing and financial performance.

This study considers only the direct role of inter-organisational justice in reducing supply risk. Future research could enhance our understanding of this role by exploring the underlying mechanisms and conditions that could govern it.

Managers can alleviate supply risk by ensuring procedural and interactional justice in the relationship through involving suppliers in the decision-making processes, consistently adhering to established procedures and communicating transparent and ample information.

Addressing supply risk can help in maintaining community resilience and economic stability.

The study highlights inter-organisational justice as a new approach to mitigating supply risk. Moreover, by examining how supply risk can affect a firm’s marketing performance, it also highlights a new implication of supply risk. Furthermore, by exclusively examining the impact of supply risk on a firm’s financial performance, the study provides a more nuanced interpretation of the effect of supply risk and how it can be reduced.

The main purpose of this study is to investigate the impact of state capital participation (SCP) on the corporate environmental engagement (CEE) of privately controlled listed firms in China.

We use a sample of 20,133 firm-year observations from 2009 to 2021. We use three different measures to proxy corporate environmental engagement and two different measures to proxy for state capital participation. We employ a difference-in-difference regression model to estimate the effect of state capital participation on corporate environmental engagement.

Using a sample of 20,133 firm-year observations from 2009 to 2021, we find that SCP significantly increases corporate expenditure on environmental protection, corporate environmental performance and ESG ratings. Specifically, SCP increases environmental investment capacity and attracts more media coverage, online attention and analysts’ following, which leads to better environmental engagement. Further analyses show that after state shareholders exit privately controlled firms, CEE deteriorates, while private capital injection in state-owned firms has no significant impact on CEE. The positive effect of SCP is stronger in privately controlled firms with local government ownership, a larger number of state shareholders, longer state shareholder holding periods, those without politically connected managers and firms operating in heavy pollution industries. Lastly, we show that minority government ownership reduces firm-level toxic emissions and enhances financial performance.

We enrich the literature on the role of minority state ownership in corporate financial and environmental performance.

We enrich the literature on the role of minority state ownership in corporate financial and environmental performance. In light of the escalating environmental concerns and the growing emphasis on corporate environmental responsibility, this study highlights the beneficial role of minority government ownership in driving environmental performance. By providing resources and attracting external scrutiny, the government, as a minority shareholder, can significantly enhance the environmental engagement of privately controlled firms.

This study aims to provide a comprehensive bibliometric analysis of sports sponsorship research over the last 3 decades (1993–2024). By mapping the intellectual landscape of this field, the study seeks to identify key trends, prominent themes and the most influential authors and journals. Furthermore, the research addresses the ongoing challenge of evaluating the effectiveness of sponsorship investments, particularly in the digital age. The goal is to highlight emerging research areas.

This study employs a bibliometric analysis using the SPAR-4-SLR protocol to systematically review the literature on sports sponsorship from 1993 to 2024. Data were sourced from the Web of Science (WoS) database, filtering results for articles written in English and excluding non-academic publications. A combination of bibliometric techniques – co-citation, co-word and co-authorship network analysis – was applied to examine intellectual structures and trends in the field. The Bibliometrix software was used for data analysis, providing a comprehensive evaluation of research productivity, collaboration patterns and emerging themes.

The bibliometric analysis reveals a significant increase in global sports sponsorship research, with a 12.69% annual growth rate from 1993 to 2024. Key themes such as corporate social responsibility (CSR), consumer behaviour and government regulation emerged as central topics. The study also highlights growing research interest in digital sponsorships, particularly within the eSports industry. Additionally, co-authorship analysis demonstrates increasing international collaboration, with 30.2% of publications involving multiple countries. The findings provide a clearer understanding of the intellectual landscape of sports sponsorship and suggest emerging research opportunities, particularly in digital marketing and advanced data analytics.

The analysis relies solely on the WoS database, which may have excluded relevant publications indexed in other databases such as Scopus or Google Scholar. Although WoS provides high-quality data, future research should integrate multiple databases to achieve a more comprehensive coverage of the field. Additionally, this study focuses primarily on articles published in English, potentially overlooking significant contributions from non-English sources.

This study provides a unique contribution by conducting the first comprehensive bibliometric analysis of sports sponsorship research over a 30-year period (1993–2024). By applying the SPAR-4-SLR protocol, it identifies emerging research areas such as the integration of big data and the role of psychophysiological methods in measuring sponsorship effectiveness. The research also highlights the increasing importance of digital sponsorship in industries like eSports. This work offers new insights into global collaboration patterns and reveals underexplored topics like the balance between global and local sponsorship strategies, thus providing valuable directions for future research and practical applications.

This paper aims to formulate a research agenda by developing a conceptual framework for studying and mitigating corporate governance issues in state-owned enterprises (SOEs), considering pertinent management theories and theories of the firm as described in the contemporary academic discourse on SOEs.

The authors commenced broadly with the traditional narrative review method to understand the field of corporate governance in SOEs in line with subject matter knowledge. The authors carefully identified studies on corporate governance of SOEs and read them, noting and following relevant citations. The authors then proceed with a more methodical (qualitative) systematic literature review (QSLR) process, selecting more explicit articles and taking advantage of the complementarity of narrative and QSLR methods.

The review identifies seven pertinent theories in the organisational field of SOEs and describes five of the seven theories that must be conceptualised in examining corporate governance issues in SOEs. Following the description of the theories, this paper suggests a novel strategy for minimising corporate governance issues in SOEs by bringing together corporate governance problems in SOEs and offering insights into how the management theories and the theories of the firm may be applied in studying and mitigating corporate governance problems in SOEs, considering their practices and characteristics.

This review paper responds to calls for further research into public entrepreneurship and elaborates theories applicable to studying corporate governance in SOEs. This involves navigating through SOEs literature, focusing on theories and how they might be conceptualised to explore corporate governance issues in SOEs. This represents the largest research convergence on SOEs, given that various corporate governance challenges typically face SOEs worldwide.

The review offers guidance on applying theories to understand corporate governance challenges in SOEs, particularly using the identified theories in specific corporate governance problem areas. This study appears to be one of the only ones on this topic. Thus, the propositions put forth suggest that the conceptualisation of corporate governance in SOEs in this paper adds value for academics, practitioners and policymaker observers.