{"title":"Market-based and non-market-based policies: A quantile approach to environmental technology innovation in G-7 countries","authors":"Mehmet Akif Destek , Oktay Özkan , Sunil Tiwari","doi":"10.1016/j.techfore.2025.124173","DOIUrl":"10.1016/j.techfore.2025.124173","url":null,"abstract":"<div><div>Numerous sanctions and incentives are used in different countries to encourage businesses to implement environmental technology. Market-based environmental policies are used in certain nations, whereas non-market-based environmental policies are used in others. However, these rules' ability to effectively guide businesses toward research and development is disregarded. In light of this, the purpose of this research is to examine how market-based environmental policies and non-market-based environmental policies affect environmental technology for G-7 nations at various technological progress levels. For this, unique quantile-on-quantile methods are used to study the years between 1990 and 2020. The results of the empirical analysis show that non-market-based policies is effective in all quantiles for the USA, while market-based policies is successful in all quantiles for Canada and France. Furthermore, differing environmental technology levels for Germany, the UK, Italy, and Japan result in different sorts of successful policies.</div></div>","PeriodicalId":48454,"journal":{"name":"Technological Forecasting and Social Change","volume":"217 ","pages":"Article 124173"},"PeriodicalIF":12.9,"publicationDate":"2025-04-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143881407","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Xiyue Yang , Hui Chen , Baoxi Li , Danning Jia , Mahmood Ahmad
{"title":"The relationship between artificial intelligence, geopolitical risk, and green growth: Exploring the moderating role of green finance and energy technology","authors":"Xiyue Yang , Hui Chen , Baoxi Li , Danning Jia , Mahmood Ahmad","doi":"10.1016/j.techfore.2025.124135","DOIUrl":"10.1016/j.techfore.2025.124135","url":null,"abstract":"<div><div>Artificial intelligence (AI), viewed as a driver of progress in modern societies, is accompanied by uncertainties regarding its impact on green growth within the intricate background of geopolitical risk (GR). This study examines the relationship between AI, geopolitical risk and green growth, further exploring the moderating roles of green finance and energy technology on geopolitical risks affecting green growth. Using panel data from 20 OECD countries spanning from 1993 to 2021 and advanced econometric techniques, we find that the impact of AI on green growth exhibits a “U”-shaped trajectory, initially inhibiting but ultimately fostering growth. Additionally, GR exerts a negative influence on green growth, however, this adverse effect can be mitigated by green finance and energy technology, which drive green development. We also applied a suite of methodologies, including Two Stage Least Squares (2SLS), Fully Modified Ordinary Least Squares (FMOLS), quantile regression, and Artificial Neural Networks (ANN), to assess the robustness of the results. The findings of this study underscore the critical importance of incorporating artificial intelligence into the green growth agenda of OECD nations. Moreover, OECD countries should proactively address geopolitical risks by expanding green finance initiatives and intensifying investments in energy technology to strengthen their green growth frameworks.</div></div>","PeriodicalId":48454,"journal":{"name":"Technological Forecasting and Social Change","volume":"217 ","pages":"Article 124135"},"PeriodicalIF":12.9,"publicationDate":"2025-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143879305","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"FinTech and financial sustainability: A mediating role of financial inclusion","authors":"Sabeeh Ullah , Maryam Begum","doi":"10.1016/j.techfore.2025.124129","DOIUrl":"10.1016/j.techfore.2025.124129","url":null,"abstract":"<div><div>Technological advancements and shifts in the financial landscape have made it imperative to delve into the nexus between FinTech, financial inclusion, and financial sustainability. Surprisingly, contemporary research has largely overlooked this crucial area of investigation. The current study examines the impact of changes primarily driven by FinTech and how they mediated financial inclusion to foster financial sustainability. For this purpose, the study encompassed a dataset of 141 countries from 2011 to 2021 and employed Structural Equation Modeling (SEM). In addition, the Sobel-Goodman test was employed to provide a comprehensive and robust understanding of the nexus. Our results across all specifications demonstrate that financial inclusion mediates the nexus between FinTech and financial sustainability. Furthermore, in some specifications, FinTech adversely affects financial sustainability by posing risk and regulatory challenges. Moreover, these findings remain robust in the whole sample and subsamples of developed and developing countries. These outcomes hold significant implications, as they underscore how FinTech enhances access to financial services, reshapes the financial landscape, and indirectly contributes substantially to financial sustainability.</div></div>","PeriodicalId":48454,"journal":{"name":"Technological Forecasting and Social Change","volume":"217 ","pages":"Article 124129"},"PeriodicalIF":12.9,"publicationDate":"2025-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143879304","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Andrea Kerstens , Rick A.M. Gilsing , Christina M. Bidmon , Francesca Ciulli , Frank T.H.M. Berkers
{"title":"Laying the foundation: Value capture in collaborative, digitally-enabled business models for sustainability","authors":"Andrea Kerstens , Rick A.M. Gilsing , Christina M. Bidmon , Francesca Ciulli , Frank T.H.M. Berkers","doi":"10.1016/j.techfore.2025.124165","DOIUrl":"10.1016/j.techfore.2025.124165","url":null,"abstract":"<div><div>Firms increasingly adopt digital technologies to generate environmental benefits. To maximize the impact of these technologies, they must be embedded in business models that allow the partners involved to capture economic value by collaboratively generating environmental benefits. This study examines nine cases within a European agri-food project using different value capture models to deploy digital technologies with the goal to make farming practices environmentally sustainable. We analyze and compare these cases to identify the different value capture models, the factors leading to their choice, and which implications the choice of the initial value capture model has for the potential to add more participants to the business model. Based on our findings, we develop a typology of value capture models for digitally-enabled business models for sustainability and discuss the link between value capture models and impact scaling. Our findings advance research on digitally-enabled business models for sustainability and inform practitioners of the implications tied to the choice of different value capture models.</div></div>","PeriodicalId":48454,"journal":{"name":"Technological Forecasting and Social Change","volume":"217 ","pages":"Article 124165"},"PeriodicalIF":12.9,"publicationDate":"2025-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143873740","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Yanping Zhang , Nannan Xi , Changyong Liang , Yiming Ma , Wenjia Hong , Xiaoxiao Wang , Juho Hamari
{"title":"Gamification for elderly well-being: Effects on experience and engagement","authors":"Yanping Zhang , Nannan Xi , Changyong Liang , Yiming Ma , Wenjia Hong , Xiaoxiao Wang , Juho Hamari","doi":"10.1016/j.techfore.2025.124155","DOIUrl":"10.1016/j.techfore.2025.124155","url":null,"abstract":"<div><div>The aging population and need for elderly health management pose significant global challenges. Emerging technologies such as health tracking applications (HTAs) play a crucial role in promoting smart senior care and improving elderly health management. To enhance motivation and engagement among the elderly in using HTAs, incorporating game elements or ‘gamification’ has attracted growing attention. However, concerns have also emerged regarding the high cognitive demands and potential biases against games, particularly among the Chinese elderly, who represent about 25 % of the global aging population and are deeply influenced by low indulgent culture. Due to a lack of empirical evidence from both research and practice, it remains uncertain whether gamification can bring optimal experiences and enhance elderly engagement with health services, in the same way that it does for younger users. Therefore, we designed and conducted a controlled between-subjects vignette-based experiment among the Chinese elderly (<em>N</em> = 312). Specifically, this study evaluated how three primary types of gamified health HTAs interactive interfaces (i.e., achievement-oriented, social-oriented, and immersion-oriented gamification) lead to a gameful experience (i.e., comfort, engagement, stimulation, dependability, perspicuity, novelty, sociality, and immersion), and how the experiences further affect elderly engagement behaviors such as continued use and word-of-mouth. The overall results indicate that the different types gameful HTAs were able to bring about different mixtures of gameful experiences, and that the improved experiences were positively associated with intentions to use and recommend the application. Peculiarly, but partly expectedly, the perception of novelty, was negatively associated with continuance intentions in the context of elder users.</div></div>","PeriodicalId":48454,"journal":{"name":"Technological Forecasting and Social Change","volume":"217 ","pages":"Article 124155"},"PeriodicalIF":12.9,"publicationDate":"2025-04-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143869952","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"On the risk commonality of US tech firms: Relevance and determinants","authors":"Valeriya Dinger , Peter Grundke , Kai Rohde","doi":"10.1016/j.techfore.2024.123968","DOIUrl":"10.1016/j.techfore.2024.123968","url":null,"abstract":"<div><div>Technology firms serve as critical data and service intermediaries, which may pose new challenges to financial stability. We apply market-based systemic risk measures designed initially for financial firms to measure the risk commonality of tech firms included in the S&P 500 index. First, we find that, on average, the level of total risk commonality of tech firms is larger than for non-tech firms/non-banks. The difference between the level of risk commonality of tech firms and non-tech firms/non-banks increases over time. Second, we observe a high intra-group risk commonality for tech firms. Third, we find that the intra-group risk commonality of tech firms is driven to a larger extent by exposure to systematic risk factors than this is the case for banks. Fourth, in contrast, there is weak evidence that the inter-group risk commonality of tech firms is driven to a larger extent by non-systematic risk factors (e.g., direct business relationships) than this is the case for banks. Fifth, we hardly find balance-sheet or other firm-specific variables that are significantly associated with the level of total risk commonality of tech firms. Our results indicate that regulators should also look for risk accumulation outside the traditional financial world.</div></div>","PeriodicalId":48454,"journal":{"name":"Technological Forecasting and Social Change","volume":"217 ","pages":"Article 123968"},"PeriodicalIF":12.9,"publicationDate":"2025-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143869804","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The adoption of electric vehicles in public transport services: Space, path dependency and embeddedness: The Venice case","authors":"Anna Cabigiosu","doi":"10.1016/j.techfore.2025.124132","DOIUrl":"10.1016/j.techfore.2025.124132","url":null,"abstract":"<div><div>The adoption of electric vehicles in public transport will be essential for the transition of the world's economies toward more sustainable mobility. For this reason, we need an in-depth understanding of the variables that affect the choice of a specific electric technology for public transport: successful implementation of electric transport is highly sensitive to operational context and there could be different types of challenges regarding the electrification of public transport in our cities. This study, by analysing the introduction process of fully electric buses and hybrid vaporetti in the Venice Municipality, contributes to the existing debate on EV adoption. The study explores why and how space can generate path dependency and embeddedness moving from an ICE public transport mobility service toward an electrified mobility service and identifies the specific space attributes that affect the adoption of electric vehicles for public transport. Findings help managers and policymakers in understanding which type of technological innovation, why and how, can support sustainable mobility in each place, while at the same time preserving existing service levels. Interestingly, our findings suggest that space availability in cities can generate barriers of entry for fully electric vehicles, especially for most performing vehicles with higher range.</div></div>","PeriodicalId":48454,"journal":{"name":"Technological Forecasting and Social Change","volume":"216 ","pages":"Article 124132"},"PeriodicalIF":12.9,"publicationDate":"2025-04-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143858812","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Jose Nicolas Pacheco , Andreu Turro , David Urbano
{"title":"Open social innovation: A systematic literature review and future research agenda","authors":"Jose Nicolas Pacheco , Andreu Turro , David Urbano","doi":"10.1016/j.techfore.2025.124160","DOIUrl":"10.1016/j.techfore.2025.124160","url":null,"abstract":"<div><div>Open Social Innovation (OSI) has garnered significant attention in recent years as a collaborative approach to addressing societal challenges. However, the field remains fragmented, with divergent definitions, methods, and theoretical underpinnings across disciplines. Through bibliometric and multi-level content analysis, we analyze 115 studies to address these tensions and propose a systems-based framework that bridges conceptual and practical divides. We map the intellectual structure and synthesize OSI research's antecedents, processes, relationships, and outcomes. Unlike prior reviews focused on particular OSI initiatives (e.g., Living Labs) or single levels of analysis, our study integrates dispersed knowledge to highlight actionable insights for practitioners and policymakers. Finally, our review establishes a thematic agenda for future research, targeting multi-level investigations into OSI drivers, mechanisms, and impacts.</div></div>","PeriodicalId":48454,"journal":{"name":"Technological Forecasting and Social Change","volume":"216 ","pages":"Article 124160"},"PeriodicalIF":12.9,"publicationDate":"2025-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143854765","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"How platform enterprises compete through suppliers: the mediation role of supplier value co-creation between digital platform capabilities and competitive advantage","authors":"Yue Liu , Xiumei Zhu , Shengliang Deng","doi":"10.1016/j.techfore.2025.124142","DOIUrl":"10.1016/j.techfore.2025.124142","url":null,"abstract":"<div><div>Despite growing research interests in a single enterprise-based competition, the existing literature has primarily focused on the emergency of competitive advantage. The digital platform offers unprecedented opportunities for competition between enterprises, with only a limited understanding of whether, how and when digital platform capabilities affect platform enterprises' competitive advantage. This study investigates how the digital platform capabilities of platform enterprises contribute to their competitive advantages through supplier value co-creation. The study also examines how digital market exploration moderates this relationship. Based on an analysis of 386 valid questionnaires, the results indicate that digital platform capability positively affects platform enterprises' competitive advantage, supplier value co-creation mediates the relationship between digital platform capability and platform enterprises' competitive advantage, and digital market exploration positively moderates the relationship between digital platform capability and supplier value co-creation. The findings of this study contribute to a better understanding of why platform enterprises with digital platform capabilities perform better in building competitive advantage and provide new insights on how a platform enterprise can achieve better competitive advantage to address competitive challenges effectively.</div></div>","PeriodicalId":48454,"journal":{"name":"Technological Forecasting and Social Change","volume":"216 ","pages":"Article 124142"},"PeriodicalIF":12.9,"publicationDate":"2025-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143854766","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Firewalls or frontlines: Geopolitical tensions and multinationals' digital technology upgrading","authors":"Di Fan , Jiayan Ding , Sihong Wu , Yiyi Su","doi":"10.1016/j.techfore.2025.124147","DOIUrl":"10.1016/j.techfore.2025.124147","url":null,"abstract":"<div><div><em>How do geopolitical tensions affect digital technology upgrading?</em> Digital technology upgrading is widely recognized as a crucial driver of the Industry 4.0 era. As multinational enterprises (MNEs) increasingly seek to absorb or transfer cutting-edge digital technologies from overseas, the recent escalation of geopolitical tensions has introduced substantial uncertainty into this process. Drawing from the techno-geopolitical uncertainty literature in general and the geographic relational view in particular, this study explores how Chinese MNEs are impacted by the rise of geopolitical tensions in their efforts to transform digitally. Our findings reveal that geopolitical tensions between home and host countries adversely impact the digital technology depth and breadth of the focal firm. Also, these relationships are reinforced by the firm's contextual feature – state ownership. Yet the foreign presence of these MNEs positively moderates the relationship between geopolitical tensions and digital technology depth, but the effect is not observed for digital technology breadth. Our exploration of the interrelationships between geopolitical tensions, digital technologies, and firm governance advances the literature and provides practical implications for policymakers and managers in the new era of geopolitics.</div></div>","PeriodicalId":48454,"journal":{"name":"Technological Forecasting and Social Change","volume":"216 ","pages":"Article 124147"},"PeriodicalIF":12.9,"publicationDate":"2025-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143854767","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}