Linking environmental corporate social responsibility to firm performance: The role of partnership restructure.

In this study, we integrate the signal institutional theory and stakeholder theory to examine partnership restructure as a critical mechanism linking environmental corporate social responsibility (ECSR) to corporate financial performance. Keeping in line with most prior studies, we first argue that a positive relationship exists between ECSR and firm performance. Then we propose that partnership restructure mediates the nexus between ECSR and firm performance because ECSR may motivate firms to change their partners in the better interests of the firms. In addition, we propose that the firms' industry power will exaggerate while dysfunctional competition will weaken the positive nexus between ECSR and partnership restructure. Evidence based on a survey covering 206 manufacturing firms in China offers good support for our predictions. This last section offers research contributions and implications for the managers based on the findings.

Testing oil price volatility during Covid-19: Global economic impact.

This paper is occasioned by the current events in the crude oil markets throughout the Covid pandemic time. The study analyzes the evolving nature of crude oil cost unpredictability caused by the variations that influence the crude sector throughout the current contagion. Every day's dataset is within the first month of 2020 and December 30, 2021 were measured by applying VAR and GARCH models. The results corroborate that the current contagion has adverse effects on the crude sector, primarily in two ways. It resulted in the headwinds for demand and cut international demand for crude oil, increasing uncertainty for major advanced and developing nations. Next, it resulted in output headwinds as the pandemic caused hydrocarbons conflicts among the leading crude supplying countries. The two headwinds seem to have caused the more than necessary crude unpredictability. Moreover, it was found that the United States output, total requirements, and crude-leaning demand shocks adversely affect the supply unpredictability of the United States and the extractive sectors. The findings depict that crude price instability responded significantly to the contagion caused by crude headwinds. Specifically, the study recorded the effect of uncertainty because of these headwinds beyond financiers' concerns about crude price instability. This study indicates that spillovers do not have meaningful forecast data, igniting critical debates concerning the relevance of the spillover indicator for predicting at minimal sampling occurrence.

Analyzing farm households' perception and choice of adaptation strategies towards climate change impacts: a case study of vulnerable households in an emerging Asian region.

Poor agricultural communities are particularly more disruptive to changes in climate. In southeast Asian countries, Pakistan is extremely vulnerable to weather-related events including droughts and floods. This research study aims to determine the farmers' perception towards climatic risks, farmers' choice of adaptation strategies and factors influencing farmers' decision of adaptation measures. A face-to-face household survey was conducted to collect primary data of 378 farm households from three tehsils of district Charsadda-Khyber Pakhuntkhwa (KP) province of Pakistan. A structured questionnaire was utilized as an instrument to collect data from the targeted farmers in study areas (three tehsils of district Charsadda). A binary probit model approach was used to assess the major factors affecting farmers' decision towards adaptation measures. Results revealed that changing crop varieties, diversification of crops, changing crop calendar, and insurance of crops were the major adaptive measures exercised by farm households in their farms. Findings of the binary probit approach showed that age of the respondents, farm size, educational level, credit access, household size, extension services access and perception of increased floods, and reduction in precipitation had substantial effect on the farmers' adaptation strategies choice. Advanced agricultural practices in response to the climatic risks can thus have substantial effects and reduction in farmers' exposure to natural calamities. Study findings of our research can guide policy makers and concerned authorities and provide policy implications for future research studies.

Heterogeneous impacts of environmental regulation on foreign direct investment: do environmental regulation affect FDI decisions?

The industry selection effect occurring from the impact of environmental regulation on foreign direct investment (FDI) in China is heterogeneous. Based on the extended game theory model, and by using panel data of 35 Chinese industries from 2005 to 2014, this study constructs a system of simultaneous equations to explore the dynamic effect of environmental regulation on FDI in terms of industry selection decisions. Specifically, three-stage least square analysis method (3SLS) of simultaneous equations is utilized to check robustness of the results under different standards. Results reveal that environmental regulation promotes the technological innovation within the Chinese industry and attract larger foreign capital investment. While the influx of capital further boosts the technological progress, a benign interaction effect was observed between the technological innovation and foreign investment. Findings of our study show that the policy of market borrowing technology is more effective, and the implementation of the new environmental policy will intensify the strategies between managers and enterprises. Results of our study show a positive interaction between R&D funding and foreign capital flows. Enhanced coordination activity within industrial organizations will generate more effective organizational and technological innovation, and attract a large flow of FDI. In addition, industry sample results highlight that a compensation effect of technological innovation in the raw materials and manufacturing industry, though environmental regulation of high-tech industries will generate a balance effect with respect to technological innovation. The government should emphasize on the enhancement of execution and effectiveness of environmental regulation, enhancing FDI and enlightening the synergistic possessions of environmental regulation and FDI.

Assessment of sustainability and uncertainties of oil markets: mediating determinants of energy use and CO2 emissions.

The current paper investigates the sustainability growth problem in the USA and evaluating the co-integration relationship among all variables, including oil, carbon emission, and consumption of energy. We also determine the impacts of energy consumption on the USA economic growth, government spending, and trade openness. We used the co-integration and popular lag model (ARDL) to find the long-term and short-term relationships between all study variables. The empirical results show that (1) the crude oil prices increase and adverse impact on energy demand and government expenditure during the study periods, and CO2 emission negatively affects USA economic growth. In addition, (2) the innovative accounting method (ICA) results, we used further research to research the causality between study variables. The empirical results propose that oil prices affect the country's economy responsible for more energy consumption, and the causal effect between consumption of energy and economic growth is not relevant. Wastage of energy allows the system to produce more CO2 emissions. Model results find that the one-sided causal effects of economic growth and CO2. We see during the analyses that (CO2) emissions will negatively impact the country's economy. Therefore, country policymakers are expected to change fossil fuel energy to non-fossil fuel energy as an essential component of the USA's economic growth policies.

Assessing energy efficiency in the Asia-Pacific region and the mediating role of environmental pollution: evidence from a super-efficiency model with a weighting preference scheme.

The demand for primary energy resources has increased significantly due to the rapid growth of the global economy and increasing greenhouse gas (GHG) emissions. Therefore, improving energy efficiency levels is essential for global energy, energy security, and environmental sustainability. In the context of the Asia-Pacific region, the study of energy efficiency among different countries can play a role in better energy utilization. These countries also provide a policy for the Asia-Pacific region to improve its energy utilization. This study's primary focus is to investigate the optimal efficiency score of 15 areas of the Asia-Pacific region, and the analysis is based on super-efficiency (radical) and super slacks-based measure (SBM) data in a nonparametric DEA model. Three areas in the Asia-Pacific are selected for energy efficiency measures: South Asia, East Asia, and Australasia. The results suggest that Bangladesh, Pakistan, China, Singapore, New Zealand, the Philippines, Japan, India, Indonesia, Malaysia, Thailand, and Vietnam obtain the most efficient score of 1 in both DEA models throughout the study period. Australia and Sri Lanka receive a low score during all study periods, while Hong Kong does not have data for all study years. The results of the study will help improve energy performance, cost-effectiveness, and environmental sustainability, increasing the competitiveness and scalability of efficient energy sources.