Research in Globalization最新文献

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Unlocking SME'S export success in Vietnam: Bridging export market orientation and performance through competitive strategies 解锁中小企业在越南的出口成功:通过竞争战略连接出口市场导向和绩效
Research in Globalization Pub Date : 2026-06-01 Epub Date: 2026-06-04 DOI: 10.1016/j.resglo.2026.100368
Quang-Huy Ngo , Thi-Nam-Ninh Doan
{"title":"Unlocking SME'S export success in Vietnam: Bridging export market orientation and performance through competitive strategies","authors":"Quang-Huy Ngo ,&nbsp;Thi-Nam-Ninh Doan","doi":"10.1016/j.resglo.2026.100368","DOIUrl":"10.1016/j.resglo.2026.100368","url":null,"abstract":"<div><div>Based on the resource-based view, contingency theory, and generic framework, this study aims to address the direct influence of export market orientation (EMO) on export performance as well as indirect influence through cost‑leadership (CLS) and differentiation strategy (DS) among Vietnamese manufacturing SMEs. This study collected data from 319 manufacturing SMEs actively engaged in export activities in Vietnam. It assesses non-response bias by using the <em>t</em>-test and common method bias by Harman's single-factor tests with data analysis using the PLS-SEM technique. This research reveals a direct and positive link between EMO and EP and also shows the mediating roles of CLS and DS on this link. This study sheds light on the mixed results of the EMO-EP link in Vietnam, where the government shows commitment to building a conducive environment for export-oriented growth. It also draws upon strategic alignment from a contingency perspective to show the mechanism by which EMO has an indirect influence on EP through CLS and DS. By integrating RBV and contingency theory, it contributes to the emerging body of research using a strategic alignment approach to explain how and why exporters succeed in global settings. Moreover, it overcomes prior limitations by operationalizing EMO as reflective-reflective higher-order constructs and EP as reflective-formative higher-order constructs. The results recommend that SME managers should adopt EMO to capture and process export market intelligence and respond to it to gain export success. In addition, following appropriate strategies such as CLS and DS is also required to gain export success resulting from effective strategic alignment.</div></div>","PeriodicalId":34321,"journal":{"name":"Research in Globalization","volume":"12 ","pages":"Article 100368"},"PeriodicalIF":0.0,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148230937","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
Social protection or economic participation? Examining drivers of Ukrainian refugees' integration in Europe 社会保障还是经济参与?考察乌克兰难民融入欧洲的驱动因素
Research in Globalization Pub Date : 2026-06-01 Epub Date: 2026-05-28 DOI: 10.1016/j.resglo.2026.100367
Vita Krol , Halyna Mishchuk , Yuriy Bilan
{"title":"Social protection or economic participation? Examining drivers of Ukrainian refugees' integration in Europe","authors":"Vita Krol ,&nbsp;Halyna Mishchuk ,&nbsp;Yuriy Bilan","doi":"10.1016/j.resglo.2026.100367","DOIUrl":"10.1016/j.resglo.2026.100367","url":null,"abstract":"<div><div>The unprecedented wave of Ukrainian refugees caused by the war placed the problem of refugee integration at the centre of demographic policy and scholarly debates. Therefore, there is a growing need to examine interconnections among economic participation, social inclusion, and access to social protection, which are commonly treated as dimensions of integration. This study examines the appropriate interplay among Ukrainian refugees across ten European host countries using aggregated 2024 data from the United Nations High Commissioner for Refugees. Composite indices in each direction are developed to capture the integration dimensions, and their relationships are assessed using correlation and regression analyses, as well as typological comparisons. The findings indicate a strong positive association between economic integration and social protection (Pearson's <em>r</em> = 0.812, <em>p</em> &lt; 0.01). In contrast, social integration shows no statistically significant association with either economic participation (<em>r</em> = −0.486, <em>p</em> = 0.155) or welfare engagement (<em>r</em> = −0.150, <em>p</em> = 0.680), suggesting that this dimension may operate independently of the other two at the country level. The typology of hosting countries, based on comparisons of economic integration and social protection indices, identifies four distinct integration types shaped by national institutional contexts. It is found that the “high-integration - high-protection” model prevails in half of the observed countries, in contrast to a low-capacity type of refugees' inclusion characterized by deficits in both economic inclusion and welfare access. The results do not support the assumption that reliance on welfare undermines labour market integration; rather, the macro-level data suggest that access to social protection co-occurs with higher economic participation.</div></div>","PeriodicalId":34321,"journal":{"name":"Research in Globalization","volume":"12 ","pages":"Article 100367"},"PeriodicalIF":0.0,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148167724","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
Organizational performance optimization: An AI-enabled framework for employee compensation and benefits management 组织绩效优化:支持人工智能的员工薪酬和福利管理框架
Research in Globalization Pub Date : 2026-06-01 Epub Date: 2025-12-03 DOI: 10.1016/j.resglo.2025.100328
Prabodh B. Nayak, Itam Urmila Jagadeeswari
{"title":"Organizational performance optimization: An AI-enabled framework for employee compensation and benefits management","authors":"Prabodh B. Nayak,&nbsp;Itam Urmila Jagadeeswari","doi":"10.1016/j.resglo.2025.100328","DOIUrl":"10.1016/j.resglo.2025.100328","url":null,"abstract":"<div><div>An organization’s long-term success is primarily tied to employee performance, creating a mutually beneficial relationship. High-performance employees drive organizational excellence, whereas effective organizations foster employee growth and development. Strategic compensation and benefit management enable employee performance by fostering trust, well-being, and engagement. This productivity gain translates to a sustainable competitive advantage, as high-performance and engaged human resources consistently deliver superior outcomes and innovations. Therefore, this study proposes an innovative Big Data Analytics (BDA)-enabled Organizational Performance Optimization (OPO) framework for compensation and benefit management. Integrating two technological models–Big Data Enabled Decision Support Architecture (BD-DSA) for secure beneficiary verification, and Contextual Recurrent-Value Learning Unit Gated Recurring Unit (CR-VLU-GRU) for accurate pay-grade classification–this framework addresses critical gaps in Human Resource (HR) decision-making. To balance operational efficiency and employee trust, this study incorporates data privacy-preserving techniques and efficient structuring into the model. The findings of the study show significant improvements in the proposed model when compared with the existing models, with – 50 % faster data retrieval for employee queries, 70 % reduction in employee digital signature creation and verification time, and 99 % accuracy and fairness in compensation allocation based on pay-grade classifications. The study highlights how data-driven compensation and benefit management strategies directly contribute to employee performance, reducing employee turnover, and eventually boosting the productivity and performance of the organization. Limitations and future direction discussions indicate that the integration of corporate social responsibility dimensions and cross-sectoral validations would strengthen the proposed framework to broaden generalizability.</div></div>","PeriodicalId":34321,"journal":{"name":"Research in Globalization","volume":"12 ","pages":"Article 100328"},"PeriodicalIF":0.0,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145683685","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
Inheritance and innsovation of traditional Chinese medicine in the new era of AI: An exploration of the synergy between intelligent agents and legal frameworks 人工智能新时代中医的传承与创新:智能体与法律框架协同的探索
Research in Globalization Pub Date : 2026-06-01 Epub Date: 2026-06-02 DOI: 10.1016/j.resglo.2026.100369
Yingzhen Ma , Zhigang Chang , Qiang Li , Zhie Fang , Wenyuan Dong
{"title":"Inheritance and innsovation of traditional Chinese medicine in the new era of AI: An exploration of the synergy between intelligent agents and legal frameworks","authors":"Yingzhen Ma ,&nbsp;Zhigang Chang ,&nbsp;Qiang Li ,&nbsp;Zhie Fang ,&nbsp;Wenyuan Dong","doi":"10.1016/j.resglo.2026.100369","DOIUrl":"10.1016/j.resglo.2026.100369","url":null,"abstract":"<div><div>The discovery of artemisinin by Tu Youyou and her team in the 1970s—a Nobel Prize-winning achievement rooted in Traditional Chinese Medicine (TCM)—demonstrates that ancient medical knowledge can yield globally impactful therapeutics. Yet this success came at extraordinary cost: 200,000 compounds screened, hundreds of researchers across 60 institutions, and decades of clinical development. Today, advances in artificial intelligence (AI)—particularly large language models, multi-agent systems, and generative AI—could dramatically accelerate such discoveries. This technological acceleration brings profound legal challenges that technology alone cannot address. This study examines the synergy between AI intelligent agents and legal frameworks in shaping TCM modernization and internationalization. It analyzes how AI agents can overcome persistent barriers in knowledge systematization, predictive modeling, and personalized treatment support, while exploring the legal infrastructure necessary to govern these innovations. Drawing on China's Civil Code—specifically its provisions on intellectual property (Article 123), data rights (Articles 111 and 127), and tort liability (Articles 1202 and 1218)—and extending to consumer protection laws, anti-unfair competition regulations, comparative legal traditions (the French and German Civil Codes), and international instruments (the WHO Traditional Medicine Strategy, the TRIPS Agreement, and the WIPO Treaty on Genetic Resources and Traditional Knowledge), this study constructs a comprehensive legal framework for AI-driven TCM innovation. It further situates this convergence within the broader vision of a shared future for mankind and the Belt and Road Initiative, drawing on concrete examples such as China's dispatch of thousands of TCM practitioners to Africa, Asia, and the Middle East, and the establishment of the first Qihuang College in the Republic of Congo in 2025. The study concludes that the synergy between AI capabilities and robust legal protections represents a pivotal moment for TCM—one that can propel it from culturally specific heritage to a globally relevant, scientifically grounded, and legally protected component of future health systems.</div></div>","PeriodicalId":34321,"journal":{"name":"Research in Globalization","volume":"12 ","pages":"Article 100369"},"PeriodicalIF":0.0,"publicationDate":"2026-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148167728","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
Wine growers’ propensity to adopt digital precision farming technologies: integrating risk attitudes to the Technology Acceptance Model 葡萄酒种植者采用数字精准农业技术的倾向:将风险态度整合到技术接受模型中
Research in Globalization Pub Date : 2025-12-01 Epub Date: 2025-07-05 DOI: 10.1016/j.resglo.2025.100298
Adriano Biondo, Giuseppina Rizzo, Giuseppina Migliore, Antonino Galati
{"title":"Wine growers’ propensity to adopt digital precision farming technologies: integrating risk attitudes to the Technology Acceptance Model","authors":"Adriano Biondo,&nbsp;Giuseppina Rizzo,&nbsp;Giuseppina Migliore,&nbsp;Antonino Galati","doi":"10.1016/j.resglo.2025.100298","DOIUrl":"10.1016/j.resglo.2025.100298","url":null,"abstract":"<div><div>The objective of this study is to explore the propensity of wine growers to implement precision agriculture technologies in their core business. The investigation will focus on the main cognitive, social and risk factors affecting this intention. The Technology Acceptance Model, TAM2, integrated with risk attitudes was adopted. Data were collected from 128 Sicilian wine producers using a questionnaire, following which the PLS-SEM was employed for analysis. The findings reveal that Perceived usefulness and Ease of use of innovative technologies are the most influential factors in the decision-making process. Nevertheless, farmers’ risk attitudes have been shown to significantly influence their decisions about adopting Precision Agriculture Technologies. Despite the potential benefits, farmers who are risk-averse demonstrate a greater reluctance. Additional barriers include high costs, lack of training and compatibility with traditional practices. This study enhances the existing literature by offering insights into the key factors influencing farmers’ intention to implement PATs. Moreover, the findings offer significant insights for wine businesses and policymakers, underscoring the efficacy of targeted training programmes, risk mitigation strategies, and financial incentives in expediting the digital transformation of the viticulture sector. More in detail, the results allow wineries to understand the main barriers to innovation in the management of their businesses. This understanding enables them to define targeted strategies. Secondly, the results can guide the definition of policy measures with the potential to effect meaningful change in the wine sector, with a view to economic and environmental sustainability. The study contributes to the sustainable future of the agricultural industry by reducing the digital divide, enhancing productivity and environmental efficiency, and improving market competitiveness.</div></div>","PeriodicalId":34321,"journal":{"name":"Research in Globalization","volume":"11 ","pages":"Article 100298"},"PeriodicalIF":0.0,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144587596","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
Liminal urbanisation: Undoing interior settler colonialism through the disruption of urban homogeneity 阈限城市化:通过破坏城市同质性来消除内部定居者殖民主义
Research in Globalization Pub Date : 2025-12-01 Epub Date: 2025-06-30 DOI: 10.1016/j.resglo.2025.100296
Goran Ivo Marinovic
{"title":"Liminal urbanisation: Undoing interior settler colonialism through the disruption of urban homogeneity","authors":"Goran Ivo Marinovic","doi":"10.1016/j.resglo.2025.100296","DOIUrl":"10.1016/j.resglo.2025.100296","url":null,"abstract":"<div><div>In Mediterranean cities, settler colonial urbanisation operates through spatial homogenisation that transforms difference into otherness. Since 1979, in Budva, Montenegro, low-income working-class and forced migrants have confronted settler colonial urban practices—a system wherein established residents leverage local identity and political power to exclude newcomers. Interior settler colonialism constitutes a mode of domination characterised by the aspiration of an established collective to expel immigrants from the city. Rather than merely enduring displacement, these communities transform their marginalisation into resistance through what I term “liminal urbanisation.” Through inhabiting interstitial spaces, physically marginal neighbourhoods challenge the Manichean divisions between “legitimate” residents and “others.” These traced spatial, cultural, and social heterogeneities transcend the dualistic worldview of Manichean urbanisation—a political construct wherein privileged citizens, defined by local identity, economic stability, and political empowerment, assert their authority to govern urban territories at the expense of marginalised groups. Drawing upon multi-sited ethnography, which encompasses qualitative observation in immigrant settlements, neighbourhood mapping, household interviews, archival analysis of planning documents and policy frameworks, and mapping of spatial transformations, I trace how immigrants strategically contested their socio-political invisibility. The concluding analysis contributes to urban theory by demonstrating how liminal urbanisation reveals pathways for decolonising Mediterranean cities through participatory planning, cultural integration initiatives, and structural reforms that recognise immigrants as legitimate city-makers rather than temporary labourers.</div></div>","PeriodicalId":34321,"journal":{"name":"Research in Globalization","volume":"11 ","pages":"Article 100296"},"PeriodicalIF":0.0,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144548877","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
Critical global development studies and work placement: A pedagogical citizenship approach 关键的全球发展研究和工作安排:教学公民方法
Research in Globalization Pub Date : 2025-12-01 Epub Date: 2025-07-18 DOI: 10.1016/j.resglo.2025.100303
Franklin Obeng-Odoom
{"title":"Critical global development studies and work placement: A pedagogical citizenship approach","authors":"Franklin Obeng-Odoom","doi":"10.1016/j.resglo.2025.100303","DOIUrl":"10.1016/j.resglo.2025.100303","url":null,"abstract":"<div><div>Critical Global development studies (CGDS), built on theoretical foundations in pedagogical citizenship, is widely dismissed for faring poorly in terms of educating students for employment in the ‘real world’. It is usually alleged that there is a misallignment between the skill set of CGDS students and the competencies required for work. But there is dearth of empirical evidence with which to verify the attacks on CGDS. Specifically, how do CGDS students experience work and what are employers’ experiences of working with critical development studies students? Drawing on a thematic analysis of more than 100 reflections by CGDS interns and their employers, this paper shows that most of these interns find internships rewarding, and employers consider CGDS to be competent. CGDs interns are typically described as ‘capable’, ‘quick to learn’, ‘innovative’, ‘independent-minded’ and yet excellent at ‘teamwork’. Employers also commonly describe those CGDS interns who work in research institutions and think tanks as ‘analytical’. This empirical evidence refutes the attacks on CDGS. As CGDS students work in all sectors of society – from private and public to the third sector across the world, these results suggest that CGDS students contribute constructively to reconstructing societies. Overall, the evidence shows that there is room for more, not less, critical global development studies.</div></div>","PeriodicalId":34321,"journal":{"name":"Research in Globalization","volume":"11 ","pages":"Article 100303"},"PeriodicalIF":0.0,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144766936","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
Financial stress, economic policy uncertainty, and market volatility: implications for cross-border acquisition activity 金融压力、经济政策不确定性和市场波动:对跨境收购活动的影响
Research in Globalization Pub Date : 2025-12-01 Epub Date: 2025-11-28 DOI: 10.1016/j.resglo.2025.100327
Chandrika Raghavendra , Kedar Pandurang Joshi , M. Ramkumar , Savitha Heggede
{"title":"Financial stress, economic policy uncertainty, and market volatility: implications for cross-border acquisition activity","authors":"Chandrika Raghavendra ,&nbsp;Kedar Pandurang Joshi ,&nbsp;M. Ramkumar ,&nbsp;Savitha Heggede","doi":"10.1016/j.resglo.2025.100327","DOIUrl":"10.1016/j.resglo.2025.100327","url":null,"abstract":"<div><div>Cross-border acquisitions (CBAs) play a crucial role in global business strategies but are influenced by various macroeconomic factors. By applying real options theory, this study investigates the impact of financial stress, economic policy uncertainty, and equity market volatility on CBA inflows in the U.S. using 3,479 observations from 137 countries (1990–2023). We examine whether these factors create opportunities for multinational enterprises (MNEs) to acquire assets at discounted prices or deter investments due to increased uncertainty. Employing econometric models to test hypotheses based on real options theory, we elucidate the interplay between host country economic conditions and foreign investment decisions in CBAs. The results show that financial stress and equity market volatility positively affect CBA inflows, as MNEs exploit undervalued opportunities during turbulent periods. In contrast, economic policy uncertainty reduces CBA inflows and discourages firms from investing in uncertain environments. Advanced economy firms leverage financial turbulence and equity market volatility more effectively than emerging economy firms, which are more sensitive to economic policy uncertainty and institutional distance. These findings underscore the importance of economic development in influencing firm strategies for managing uncertainty in international investments and offer insights into CBA determinants. This study informs MNE managers and emphasizes the need for customized risk assessment frameworks. Policy implications suggest that host countries can attract investors by reducing economic policy uncertainty, maintaining policy stability, leveraging periods of financial stress to boost foreign investment and economic recovery, and balancing investor interests.</div></div>","PeriodicalId":34321,"journal":{"name":"Research in Globalization","volume":"11 ","pages":"Article 100327"},"PeriodicalIF":0.0,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145681358","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
Supply chain integration and culture under globalization: A systematic review and global research agenda 全球化下的供应链整合与文化:系统回顾与全球研究议程
Research in Globalization Pub Date : 2025-12-01 Epub Date: 2025-06-26 DOI: 10.1016/j.resglo.2025.100293
Amol S. Dhaigude , Debmallya Chatterjee , Giridhar B Kamath
{"title":"Supply chain integration and culture under globalization: A systematic review and global research agenda","authors":"Amol S. Dhaigude ,&nbsp;Debmallya Chatterjee ,&nbsp;Giridhar B Kamath","doi":"10.1016/j.resglo.2025.100293","DOIUrl":"10.1016/j.resglo.2025.100293","url":null,"abstract":"<div><div>Cultural peculiarities affect how corporations in global supply chains integrate, but unfortunately, there has been a lack of systematic documentation of this amalgamation. This study explores a complex global-level relationship among supply chain integration (SCI) and culture. This study synthesized current research from premier academic publications (A and A* levels) through text analysis, the SPAR-4 systematic literature review (SLR), and the theory, characteristics, context, and methodology<!--> <!-->(TCCM) framework to elucidate the intricacies of cross-cultural collaboration. This study proposes 60 research questions spread across the theoretical development, context, characteristics, and methodology to enhance the research on the amalgamation of SCI and culture at a global level. This study also proposes a research framework to guide future research on chaotic global supply networks. This study provides comprehensive knowledge of cross-cultural collaborative dynamics for practitioners and scholars, laying the groundwork for future empirical research and strategic management.</div></div>","PeriodicalId":34321,"journal":{"name":"Research in Globalization","volume":"11 ","pages":"Article 100293"},"PeriodicalIF":0.0,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144518748","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
Green finance and business sophistication on environmental debt: a global analysis of net effects and policy thresholds 环境债务的绿色金融和商业复杂性:净效应和政策阈值的全球分析
Research in Globalization Pub Date : 2025-12-01 Epub Date: 2025-09-17 DOI: 10.1016/j.resglo.2025.100315
Eunice Taveng , Anthony Adu Asare Idun , Patrick Darkwa , Pius Gamette
{"title":"Green finance and business sophistication on environmental debt: a global analysis of net effects and policy thresholds","authors":"Eunice Taveng ,&nbsp;Anthony Adu Asare Idun ,&nbsp;Patrick Darkwa ,&nbsp;Pius Gamette","doi":"10.1016/j.resglo.2025.100315","DOIUrl":"10.1016/j.resglo.2025.100315","url":null,"abstract":"<div><div>There is limited empirical research on how business sophistication influences the effect of green finance in addressing environmental sustainability challenges across countries. This study adopts the resource-based view and institutional theory to examine how business sophistication shapes the relationship between green finance and environmental debt in developed and developing economies. Using panel data from 43 countries spanning 2014–2021, we employ two-step System GMM estimation to assess the conditional impact of green finance on a composite index of environmental debt (CO<sub>2</sub> emissions, water stress and deforestation). The results show that while green finance alone is associated with higher environmental pressures, its effectiveness improves significantly when moderated by business sophistication, with threshold values of 4.08 for carbon emissions, 3.85 for water stress, and 3.98 for deforestation. These findings are robust across model specifications, supporting the validity of the results and highlighting the critical role of business sophistication in augmenting green finance flows into tangible environmental improvements. As the first cross-country study to establish the moderating role of business sophistication, this research contributes new theoretical and empirical insights. The study concludes that green finance policies must be aligned with business sophistication levels to avoid counterproductive outcomes. Policymakers are advised to invest in strengthening innovation systems, knowledge absorption and corporate governance before scaling up green finance interventions.</div></div>","PeriodicalId":34321,"journal":{"name":"Research in Globalization","volume":"11 ","pages":"Article 100315"},"PeriodicalIF":0.0,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145104382","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
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