Sustainable Operations and Computers最新文献_第2页

When does ESG matter? Industry heterogeneity of the ESG-firm value relationship in Chinese market ESG什么时候重要？中国市场esg -企业价值关系的行业异质性

Sustainable Operations and Computers Pub Date : 2026-01-01 Epub Date: 2025-10-01 DOI: 10.1016/j.susoc.2025.09.001

Rui Xiao , Meilin Hou , Demei Kong

{"title":"When does ESG matter? Industry heterogeneity of the ESG-firm value relationship in Chinese market","authors":"Rui Xiao , Meilin Hou , Demei Kong","doi":"10.1016/j.susoc.2025.09.001","DOIUrl":"10.1016/j.susoc.2025.09.001","url":null,"abstract":"<div><div>Environmental, Social, and Governance (ESG) considerations have gained substantial prominence in global capital markets. However, the relationship between ESG performance and firm value remains contested. While some studies highlight the value-enhancing effects of ESG through improved stakeholder trust and reduced risk, others point to its potential costs or question its financial relevance. Using a panel dataset of 15,410 firm-year observations from A-share listed firms in China (2017–2024), this study examines how ESG performance affects firm value and how these effects vary across industries. The analysis shows that ESG performance is positively associated with firm value overall, and the effect strengthens significantly over a two- to five-year horizon, suggesting that ESG investments require a long gestation period to yield financial benefits. To capture industry heterogeneity, we classify firms into four groups based on ESG materiality dimensions (environmental exposure, institutional embeddedness, and economic structure), following frameworks widely used in ESG research and by rating agencies such as MSCI and SASB. Subsample regressions reveal clear cross-sector variation: ESG contributes positively in environmentally driven and compliance and trust-driven industries, negatively in cost and efficiency-driven industries, and has no significant impact in innovation- and digitally driven sectors. These findings demonstrate that ESG is not a one-size-fits-all value driver but a context-dependent strategic asset, with its financial returns materializing primarily over the long term.</div></div>","PeriodicalId":101201,"journal":{"name":"Sustainable Operations and Computers","volume":"7 ","pages":"Pages 105-113"},"PeriodicalIF":0.0,"publicationDate":"2026-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147802348","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Repair-oriented design for extending circularity, a holistic design setting assessment on the digital electronic products 面向维修的延伸循环设计，数字化电子产品的整体设计设定评估

Sustainable Operations and Computers Pub Date : 2026-01-01 DOI: 10.1016/j.susoc.2026.01.001

Bahram Ipaki

{"title":"Repair-oriented design for extending circularity, a holistic design setting assessment on the digital electronic products","authors":"Bahram Ipaki","doi":"10.1016/j.susoc.2026.01.001","DOIUrl":"10.1016/j.susoc.2026.01.001","url":null,"abstract":"<div><div>Increasing product lifespan via its repairability has become a key pillar of sustainable design, however, the existing initiatives remain scattered and fall short in equipping stakeholders for facing with real repair problems of electronic products. Current circular design guidelines and repairability standards predominantly address technical aspects such as disassembly protocols and do not consider human-factor impediments that arguably have the most significant effect on repair outcomes on the shop floor. To bridge this gap, the present research introduces a holistic repair-oriented design approach merging the technical and user aspects in the concept design stage to support predictable repairability and circularity. A structured checklist was created to operationalize this framework, which allows designers and manufacturers to quantitatively assess electronic products on a scale the repair after previous repair influencing parameters of accuracy, accessibility, speed, safety, fault diagnosis and user skill support. The checklist was validated through expert assessments from professional technicians and examined across a diverse set of electronic consumer products. Reliability analysis using Cronbach’s alpha confirmed acceptable internal consistency. Correlational analysis by testing 86 significant positive and negative correlations among the 703 comparisons provided evidence of multiple positive and negative relationships among parameters, revealing how specific design decisions may simultaneously facilitate or hinder different aspects of the repair process. These findings demonstrate the importance of balancing both technical architecture and user interaction within product design to achieve effective reparability. This circular design study provided practical design priorities and offers actionable guidance for enhancing sustainable practices in future electronic product development.</div></div>","PeriodicalId":101201,"journal":{"name":"Sustainable Operations and Computers","volume":"7 ","pages":"Pages 33-46"},"PeriodicalIF":0.0,"publicationDate":"2026-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147422348","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Impact of reward-penalty mechanism and investment cost sharing on corporate social responsibility in a closed-loop supply chain 闭环供应链中奖惩机制和投资成本分担对企业社会责任的影响

Sustainable Operations and Computers Pub Date : 2026-01-01 Epub Date: 2026-02-13 DOI: 10.1016/j.susoc.2026.02.001

Wenbin Wang, Mengyao Wang, Wenxin Yu, Meiqi Chen

{"title":"Impact of reward-penalty mechanism and investment cost sharing on corporate social responsibility in a closed-loop supply chain","authors":"Wenbin Wang, Mengyao Wang, Wenxin Yu, Meiqi Chen","doi":"10.1016/j.susoc.2026.02.001","DOIUrl":"10.1016/j.susoc.2026.02.001","url":null,"abstract":"<div><div>Rapid technological advancements and robust economic growth have fueled an escalating demand for electronic products. As a major hub for producing and consuming electronic products, China is confronted with the swift accumulation of waste electrical and electronic equipment (WEEE). To address this challenge, this paper examines the impact of government reward and punishment mechanism (RPM) and investment cost sharing (ICS) in closed-loop supply chains (CLSC) on corporate social responsibility (CSR) and collection rate. Specifically, we construct four three-stage decision-making models for CLSC considering CSR. Through the equilibrium results, we observe that both RPM and ICS can effectively promote WEEE recycling. Besides, the level of corporate social responsibility, retailer profits and recycler profits have all improved with the increase of the government reward and punishment and the proportion of investment cost sharing. Interestingly, when the cost-sharing ratio is higher than a certain threshold, the manufacturer's profit does not decrease but rises as the intensity of rewards and punishments increases. Finally, we conduct a numerical study to validate the analytic model, confirming that the CLSC’s benefit and CSR level are greatly improved when both RPM and ICS are jointly implemented.</div></div>","PeriodicalId":101201,"journal":{"name":"Sustainable Operations and Computers","volume":"7 ","pages":"Pages 47-58"},"PeriodicalIF":0.0,"publicationDate":"2026-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147540110","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Advances of artificial intelligence in green transportation 人工智能在绿色交通中的应用进展

Sustainable Operations and Computers Pub Date : 2026-01-01 Epub Date: 2026-08-21 DOI: 10.1016/j.susoc.2026.08.002

Yuhang Zhao, Ji Guo, Xianhua Wu, Malin Song

{"title":"Advances of artificial intelligence in green transportation","authors":"Yuhang Zhao, Ji Guo, Xianhua Wu, Malin Song","doi":"10.1016/j.susoc.2026.08.002","DOIUrl":"10.1016/j.susoc.2026.08.002","url":null,"abstract":"<div><div>Artificial Intelligence (AI), with its advanced data analysis and decision-making capabilities, provides new opportunities for improving transportation efficiency and promoting sustainable development. This paper presents a systematic review of recent advances in AI applications for green transportation, focusing on five key areas: intelligent scheduling and traffic optimization, unmanned technologies, green transportation infrastructure, shared mobility services, and policy support. The review highlights that AI technologies can effectively improve traffic management, optimize resource allocation, reduce energy consumption, and decrease carbon emissions through intelligent decision-making and data-driven approaches. Furthermore, AI-enabled autonomous systems, smart infrastructure, and shared mobility services contribute to the development of safer, more efficient, and low-carbon transportation systems. However, several challenges remain, including data privacy, system integration, model robustness, and policy coordination. Future research should focus on strengthening interdisciplinary collaboration, integrating emerging technologies, and developing effective governance frameworks to support large-scale deployment. This review provides comprehensive insights into the current progress, challenges, and future directions of AI-driven green transportation, offering valuable guidance for researchers and policymakers.</div></div>","PeriodicalId":101201,"journal":{"name":"Sustainable Operations and Computers","volume":"7 ","pages":"Pages 200-215"},"PeriodicalIF":0.0,"publicationDate":"2026-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148940173","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

A multi-objective, energy-aware inventory-routing model for sustainable blood-bag supply chains 可持续血袋供应链的多目标、能源意识库存路径模型

Sustainable Operations and Computers Pub Date : 2026-01-01 Epub Date: 2026-08-13 DOI: 10.1016/j.susoc.2026.08.001

Saji S S, N Ramasamy, Kedar Mohan, N Santhi

{"title":"A multi-objective, energy-aware inventory-routing model for sustainable blood-bag supply chains","authors":"Saji S S, N Ramasamy, Kedar Mohan, N Santhi","doi":"10.1016/j.susoc.2026.08.001","DOIUrl":"10.1016/j.susoc.2026.08.001","url":null,"abstract":"<div><div>The sustainability of healthcare supply chains is challenged by high energy use, environmental impacts, and the need for equitable access to critical resources. The blood supply chain (BSC) is especially complex due to perishability, strict temperature control, and biomedical waste. Unlike prior studies that treat refrigeration as a fixed cost, this work integrates a thermodynamically based refrigeration model into an inventory–routing framework, allowing energy use and emissions to be determined by inventory levels, routing, and ambient conditions. A multi-objective model is developed to minimize cost and emissions while maximizing service levels, aligning with triple bottom line goals. Small instances are solved using mixed-integer linear programming (MILP) with ε-constraint methods, and larger cases are handled using NSGA-II. The model is validated through a real-world case study of the Kerala blood supply chain, using primary data from eight hospitals and two manufacturers. Baseline operations cost about ₹12.6 million per month and produce around 60 tons of CO₂, with transportation accounting for nearly 70% of emissions. Optimization reduces emissions by up to 30% with only a 10–15% cost increase, while knee-point solutions achieve balanced performance across objectives. Sensitivity analysis shows strong effects of ambient temperature and highlights the benefits of improving refrigeration efficiency (COP) and implementing carbon taxes. Overall, the study demonstrates that embedding thermodynamic modeling within supply chain optimization enables more realistic sustainability assessment and supports low-carbon, climate-resilient healthcare logistics design.</div></div>","PeriodicalId":101201,"journal":{"name":"Sustainable Operations and Computers","volume":"7 ","pages":"Pages 251-270"},"PeriodicalIF":0.0,"publicationDate":"2026-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149282758","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Capital–constraints–resilience: Temporal mediation evidence on ESG and industry-relative supply-chain resilience 资本约束-弹性：ESG与行业相关供应链弹性的时间中介证据

Sustainable Operations and Computers Pub Date : 2026-01-01 Epub Date: 2026-06-09 DOI: 10.1016/j.susoc.2026.06.001

Xiong Zheng, Shangzuo Dai

{"title":"Capital–constraints–resilience: Temporal mediation evidence on ESG and industry-relative supply-chain resilience","authors":"Xiong Zheng, Shangzuo Dai","doi":"10.1016/j.susoc.2026.06.001","DOIUrl":"10.1016/j.susoc.2026.06.001","url":null,"abstract":"<div><div>This study investigates whether and how firms' ESG performance relates to supply chain resilience in China's A-share market. Resilience is operationalized as the negative of the three-year rolling standard deviation of profitability (Res=−sd<sub>3y</sub>(ROA)) and is complemented by industry × year-relative variants to purge common shocks. Using 9511 firm-year observations from 2017 to 2023 and two-way fixed effects with firm-clustered standard errors, the analysis reveals a positive association between lagged ESG and volatility-based resilience. Mechanism tests adopt a temporal mediation design, with financing constraints proxied by the Hadlock-Pierce (SA) index; for interpretability, results are reported for SA<sub>relaxed</sub> =−SA (higher = looser). Both Sobel diagnostics and firm-cluster bootstrap indicate a statistically significant indirect effect consistent with the capital-constraints-resilience pathway. The main results remain robust to alternative resilience and ESG metrics, clustering schemes, and firm-specific trends. Heterogeneity analyses further indicate stronger ESG-resilience associations among SOEs and larger firms, highlighting the roles of governance credibility and scale in translating financing advantages into operational stability. The study aligns construct measurement across ESG, constraints, and resilience, provides market-wide evidence on their linkage, and identifies settings in which ESG is most effectively translated into resilience advantages.</div></div>","PeriodicalId":101201,"journal":{"name":"Sustainable Operations and Computers","volume":"7 ","pages":"Pages 169-181"},"PeriodicalIF":0.0,"publicationDate":"2026-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148523845","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Greenwashing versus genuine green: An evolutionary game of certification, corporate strategy, and ESG investment 洗绿与真正的绿色：认证、企业战略和ESG投资的进化博弈

Sustainable Operations and Computers Pub Date : 2026-01-01 Epub Date: 2026-02-26 DOI: 10.1016/j.susoc.2026.02.003

Qi Chen , Xin Wang , Zixuan Lin , Haoyu Han

{"title":"Greenwashing versus genuine green: An evolutionary game of certification, corporate strategy, and ESG investment","authors":"Qi Chen , Xin Wang , Zixuan Lin , Haoyu Han","doi":"10.1016/j.susoc.2026.02.003","DOIUrl":"10.1016/j.susoc.2026.02.003","url":null,"abstract":"<div><div>The rapid expansion of ESG (Environmental, Social, and Governance) investment faces significant challenges from greenwashing behaviors that undermine market trust and sustainable development. To examine governance mechanisms, we develop a tripartite evolutionary game model involving certification bodies (strict versus lenient certification), firms (greenwashing versus genuine Green), and ESG investors (rigorous versus label-based due diligence), while innovatively incorporating heterogeneous environmental preferences across all stakeholders. Our analysis reveals that firms’ environmental preference intensity serves as the critical determinant of market equilibrium, yielding three distinct regimes: (1) Under strong preferences, authentic environmental practices spontaneously emerge as the market norm, with governance mechanisms primarily reflecting certification bodies’ and investors’ own preferences; (2) Weak preferences generate widespread greenwashing, leading investors to rationally rely on labels while strict certification effectiveness diminishes sharply, creating adverse selection dynamics; (3) In the moderate preference range, market evolution exhibits complexity and path dependence, where achieving high-quality equilibrium critically depends on strong complementarities between strict certification and rigorous due diligence, while facing substantial suboptimal lock-in risks. This paper provides a dynamic multi-stakeholder theoretical framework for understanding diverse greenwashing market outcomes, emphasizing firms’ intrinsic motivations as central drivers and highlighting the context-dependent nature and complementarities of governance mechanisms. Our findings offer important implications for designing targeted anti-greenwashing policies, fostering coordinated multi-stakeholder governance, and preventing market failures.</div></div>","PeriodicalId":101201,"journal":{"name":"Sustainable Operations and Computers","volume":"7 ","pages":"Pages 59-75"},"PeriodicalIF":0.0,"publicationDate":"2026-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147540109","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Effect of green finance on green asset securitization and economic structure transformation under carbon neutralization role 碳中和作用下绿色金融对绿色资产证券化和经济结构转型的影响

Sustainable Operations and Computers Pub Date : 2026-01-01 Epub Date: 2026-09-15 DOI: 10.1016/j.susoc.2026.09.002

Yuhang He

{"title":"Effect of green finance on green asset securitization and economic structure transformation under carbon neutralization role","authors":"Yuhang He","doi":"10.1016/j.susoc.2026.09.002","DOIUrl":"10.1016/j.susoc.2026.09.002","url":null,"abstract":"<div><div>Under the carbon neutrality goal, this study examines whether green finance (GF) promotes the green transformation (GTrans) of industrial structure through Green Asset Securitization (GAS) and technological innovation, and whether the Business Environment (BUS) serves as a moderating factor in this process. Using panel data from 31 Chinese provinces spanning 2003 to 2023, composite indices for GF, GAS, and industrial green transformation (IGT) were constructed via the entropy method. A series of econometric approaches, including fixed-effects models, mediation analysis, and moderation models, were applied in the empirical investigation. The results show that: (1) GF is significantly and positively related to IGT. (2) Both GAS and technological innovation partially mediate this relationship, with the Sobel test confirming the statistical significance of these indirect channels. (3) The BUS positively moderates the impact of GF on industrial transformation. (4) Robustness tests, including measures of alternative variables, sample period adjustment, time lag setting, instrumental variable estimation, and Driscoll–Kraay standard errors, further reinforced the validity of the research findings. (5) Regional heterogeneity analysis reveals that the effect is more pronounced in eastern China than in central and western regions. Overall, the study identifies key mediating mechanisms through which GF operates and highlights the synergistic roles of technological innovation and the BUS in facilitating industrial transformation. The findings offer empirical insights into the transmission mechanisms of GF.</div></div>","PeriodicalId":101201,"journal":{"name":"Sustainable Operations and Computers","volume":"7 ","pages":"Pages 239-250"},"PeriodicalIF":0.0,"publicationDate":"2026-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149199209","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The role of quality governance in achieving sustainable development goals in North Africa: An integrated decision-support system 质量治理在实现北非可持续发展目标中的作用：综合决策支持系统

Sustainable Operations and Computers Pub Date : 2025-01-01 Epub Date: 2025-08-08 DOI: 10.1016/j.susoc.2025.07.005

Muhammad Ikram, Chaymae Boudraa

{"title":"The role of quality governance in achieving sustainable development goals in North Africa: An integrated decision-support system","authors":"Muhammad Ikram, Chaymae Boudraa","doi":"10.1016/j.susoc.2025.07.005","DOIUrl":"10.1016/j.susoc.2025.07.005","url":null,"abstract":"<div><div>North Africa is one of the most vulnerable regions to the impacts of climate change. Achieving the UN Sustainable Development Goals (SDGs) in North Africa requires effective governance, yet the governance factors influencing SDG progress remain underexplored. Therefore, this study examines the nexus between the Worldwide Governance Indicators (WGIs) of voice and accountability, political stability and violence, government effectiveness, regulatory quality, rule of law, and control of corruption and Sustainable Development Goals (SDGs) in North Africa. Previous research has insufficiently explored the relationship between global governance progress and the 2030 agenda. To bridge this gap, we applied an integrated Grey Relational Analysis (GRA) model to compute the ranks and weights the performance of North African countries in achieving the 17 SDGs from 2016–2022. The results show that Quality Education (SDG 4), Industry, Innovation and Infrastructure (SDG 9), Reduce Inequalities (SDG10), Sustainable Cities and Communities (SDG11), Responsible Consumption and Production (SDG12) and Peace Justice and Strong Institutions (SDG16) exhibited the highest performance in the region based on Second Synthetic Grey Relational Analysis Model (SSGRA). Additionally, a conservative maximin model was used to identify which North African country has the greatest impact of WGI on SDG outcomes. The findings indicate that Morocco faced the most significant challenges, particularly in achieving SDG 6 (clean water and sanitation). These results highlight critical implications for North African governments, emphasizing the need to prioritize (clean water and sanitation) SDG 6 and implement effective national strategies. This study recommends policymakers focus on governance reforms in lagging sectors and leverage data-driven frameworks to monitor and guide sustainable development interventions.</div></div>","PeriodicalId":101201,"journal":{"name":"Sustainable Operations and Computers","volume":"6 ","pages":"Pages 198-216"},"PeriodicalIF":0.0,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144925600","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Enhancing circular economy through industrial symbiosis: An agent-based simulation analysis of supply chain dynamics 产业共生促进循环经济：基于agent的供应链动态仿真分析

Sustainable Operations and Computers Pub Date : 2025-01-01 Epub Date: 2025-04-01 DOI: 10.1016/j.susoc.2025.03.002

Rebecca Fussone , Caterina Sammatrice , Salvatore Cannella , Roberto Dominguez

引用次数: 0