Chinese stock market integration with developed world: A portfolio diversification analysis.

This study investigates integration dynamics between the Chinese stock market and major developed counterparts-Australia, Germany, Japan, the UK, and the US-focusing on portfolio diversification. Using a comprehensive analytical approach from 2012 to 2022, encompassing events like the Belt and Road Initiative, the Shanghai market crash, US-China trade tensions, and the COVID-19 pandemic, the research employs descriptive statistics, unit root tests, cointegration analysis, and VECM-based Granger Causality Tests. Findings indicate modest integration, endorsing diversified portfolios for developed country investors due to higher returns in China with acceptable risk. Unit root analysis confirms cointegration with developed indices, indicating relatively low integration. Granger Causality Tests reveal bidirectional causality, emphasizing mutual influence. Notably, no causal link exists between the US and China, possibly due to regulatory disparities and the trade war. The study enhances understanding of Chinese stock market dynamics, supporting global economic intertwining and urging further openness of China's domestic shares for economic growth.

Tournament incentives and environmental performance: the role of green innovation.

Since sustainable development concerns emerged, researchers have studied which environmental regulations motivate companies to improve their environmental performance. Environmental goals are best achieved by either changing people's behavior or modifying technology. Thus, this study contributes to the existing literature on corporate governance and social and environmental accountability by examining the impact of CEO's tournament incentives (TI) on Chinese firms' environmental reporting and performance. Furthermore, the study consequently establishes how much tournament incentives and environmental practices connection are explained with green innovation. Using the panel data regression model, the study finds that CEOs' tournament incentives are favorably connected with Chinese enterprises' environmental performance and negatively with environmental reporting over 10 years (2010-2019). Furthermore, our findings suggest that green innovation positively mediates the TI environmental performance nexus. The study provided excellent implications for Chinese society, which can lead to achieving a "greener GDP" and a "harmonious society" for which China is dreaming and striving. The study findings have significant implications for stakeholders, including CEOs' policymakers, corporate regulators, environmentalists, and policymakers.

Role of Managerial Ability in Environmental, Social, and Economics Sustainability: An Empirical Evidence from China.

The current study analyzed whether the enhancement in managerial ability accelerates the environmental, social, and economic sustainability practices or not. Using panel data methodology on Chinese listed firms data from 2010 to 2019, we report that CEOs' managerial ability impacts the overall (environmental, social, and economic) sustainability practices of the firms positively. Moreover, we find that social sustainability and economic sustainability also increase with the increase of the CEO's managerial ability in the firm. The results remain robust after several alternative empirical tests. The findings justify the relationship between management skills and sustainability and demonstrate how each one of the sustainability pillars is affected individually. The support for sustainability practices that can be achieved through the communication of management skills is an essential conclusion for practitioners. Findings establish the link between CEO's managerial ability and environmental, social, and economic sustainability performance by taking insights from upper echelon theory.

The Nexus Between Vegetation, Urban Air Quality, and Public Health: An Empirical Study of Lahore.

Global climate change and the deteriorating quality of urban air are the major issues affecting the atmospheric ecosystem of Pakistan. To avoid poor monitoring and management of air pollution, improvements through the latest technologies such as GIS and remote sensing are required. This research involves spatial analysis, which discusses the impact of vegetation on air quality and public health. Data of air quality at 20 different points, showing the concentration of four pollutants, namely NOx, CO, SO2, and PM10, with mean observations for 24-h, are taken from EPA, Lahore. The results show that the concentrations of SO2, CO, and PM10 are exceptionally high at the site of the Badshahi Mosque. The analysis shows that the highest polluted areas have the lowest vegetation levels, whereas areas with low pollution concentration have more vegetation cover. Moreover, less vegetation has a higher death rate attributable to household air pollution. The study suggests that greening strategies, vegetation screens, and vegetation barriers should mitigate urban heat air pollution and minimize the air pollution attributable deaths. For pollution and vegetation monitoring, strict laws and monitoring programs must be implemented in major cities.

Social Wellbeing, Board-Gender Diversity, and Financial Performance: Evidence From Chinese Fintech Companies.

The main goal of this study is to investigate the relationship between female representation on board of directors and financial performance, using evidence from Chinese fintech companies, which are providing financial services using cutting-edge technologies. This research used fintech firms listed on the Shanghai and Shenzen Stock Exchange from 2010 to 2019 to test the research questions using regression analyses by SPSS v26. According to the data, the Blau index has a large and negative influence on Tobin's Q, which demonstrates that gender diversity harms the performance of Chinese enterprises. Furthermore, corporate social responsibility (CSR) is found to have a significant and positive moderating influence on Tobin's Q, implying that the adoption of CSR converts a negative to a positive effect. Diversified board members can improve the organization's control and monitoring operations, and female-represented board of directors can participate in the CSR activities that contribute to the organization's performance. The study contributes to the research of gender diversity by providing evidence that women on board of directors enhance firm performance, and the moderating function of CSR is examined with the link of female participation on the board of directors and financial performance.

Effect of economic development, income inequality, transportation, and environmental expenditures on transport emissions: evidence from OECD countries.

Environmental quality has been pondered as an essential aspect of sustainable development across the global economies. Several factors such as economic development, income inequality, transportation, and environmental expenditures drastically influence environmental quality. More specifically, the transport sector is a major contributor to carbon emissions which deteriorate the environmental quality. Therefore, this study investigates whether economic development, transportation, environmental expenditures, and income inequality affect transport-carbon emissions for the OECD countries. Furthermore, panel time-series data period from 2000 to 2020 and cross-sectional autoregressive distributed lag method are used for transport-oriented environmental examination. Results demonstrate that transportation upsurges transport-carbon emission level by 46.45% on average. Moreover, the joint effect of economic development and environmental taxes significantly reduces transport-carbon emissions by 14.70%. Findings further suggest that an inverted U-shaped relationship exists between economic development and transport emission. Besides, income inequality, environmental expenditures, and green transportation are negatively associated with the coefficient of transport-carbon emissions. More interestingly, income inequality is negatively correlated with transport-carbon emissions across the sample countries. Furthermore, the joint effect of income inequality and economic development increases the emission level released by the transport sector. Thus, this research recommends some policies: countries should control traffic movements and increase environmental expenditures, and produce green transport vehicles to tackle environmental issues.

Does Whipping Tournament Incentives Spur CSR Performance? An Empirical Evidence From Chinese Sub-national Institutional Contingencies.

The current study investigates whether tournament incentives motivate chief executive officer(s) (CEOs) to be socially responsible. Furthermore, it explores the role of sub-national institutional contingencies [i.e., state-owned enterprises (SOE) vs. non-SOEs, foreign-owned entities (FOE) vs. non-FOEs, cross-listed vs. non-cross-listed, developed region] in CEO tournament incentives and the corporate social responsibility performance (CSRP) relationship. Data were collected from all A-shared companies listed in the stock exchanges of China from 2014 to 2019. The study uses the baseline methodology of ordinary least squares (OLS) and cluster OLS regression. Moreover, firm-fixed effects regression, two-stage least squares regression, and propensity score matching deal with the endogeneity problem and check the robustness of the results. The results provide reliable evidence that tournament incentives motivate CEOs to be more socially responsible. On the other hand, sub-national institutional contingencies positively affect the association between CEO tournament incentives and CSRP. The findings have important implications for companies and regulators who wish to enhance CSP by providing incentives to top managers.

Green Growth, Green Technology, and Environmental Health: Evidence From High-GDP Countries.

Green growth is an exceptional strategy for sustainable development. It provides a pathway to combat environmental issues and the use of natural resources. This study investigates the effects of green technology and environmental factors on green growth in high-gross domestic product (GDP) countries from 2000 to 2020. In addition, it also probes the linear and nonlinear effects of GDP on green growth. To do so, we employ an advanced econometric approach, e.g., a cross-sectional autoregressive distributed lags estimator for long and short runs. The outcomes demonstrate that the linear effect of GDP is positive for green growth. On the contrary, the nonlinear effect of GDP has a negative magnitude for green growth. Besides, green technology substantially increases green growth. Energy consumption is found to be an important influencer, and it decreases green growth. Environmental factors such as emissions, according to the findings, also reduce green growth in the sample countries. It is worth noting that the joint effects of energy consumption and emissions deteriorate green growth in countries. Based on empirical findings, for policy makers, this study suggests that high-GDP countries should manage their economic and environmental activities in order to increase the amount of green growth that may protect the ecological environment.

The impact of COVID-19 on Karachi stock exchange: Quantile-on-quantile approach using secondary and predicted data.

During the pandemic, the stock markets of developed countries have reported a jittery trend. The current study focuses on the impact of COVID-19 on Pakistani stock market, which belongs to a developing economy. The findings of current study have contradicted with the previous studies, which reported an adverse effect of COVID-19 on developed stock markets. We conclude that KSE-100 index has confirmed positive increment in stock returns. In addition, by using three predicted scenarios of COVID-19, we report the significant increase in KSE-100 index. However, it seems clear that the timely intervention of Pakistani government has safeguard the investors from utter disaster of stock market.

Spectrum of Von Willebrand's disease in Punjab: clinical features and types.

BACKGROUND: Von Willebrand's disease (VWD) is a common inherited bleeding disorder caused by quantitative deficiency (Type-1 & Type-3 VWD) or qualitative defect of Von Willebrand's Factor (Type-2 VWD). Regarding VWD limited studies are available in Pakistan. The current study was aimed to determine the clinical presentation and frequency of types of VWD. METHODS: A cross sectional study was carried out from 16th December 2012 to 15th December 2013 on fifty one patients of VWD. RESULTS: Patients were diagnosed on the basis of prolonged bleeding time, abnormal APTT, reduced level of VWF: Ag, FVIII, VWF: RCo and ratio of VWF: RCo/VWF Ag. Among them 26 (50.98%) were male and 25 (49.02%) were female. Type3 VWD (94.12%) was found to be the commonest type. Two (3.92%) cases of type-2 VWD and only one (1.96%) case of type-1 VWD were identified. Easy bruising was the most commonly observed clinical presentation, 21 (41.18%) patients, followed by epistaxis 7 (13.73%), gum bleed 4(7.84%) menorrhagia 5(9.80%), haemarthosis 2(3.92%), haematoma formation 5 (9.80%), bleeding after circumcision 2 (3.92%), bleeding after surgery 2 (3.92%) and umbilical cord bleeding 3 (5.88%). Consanguineous marriages were reported in parents of 42 (82.4%) patients. Family history of bleeding disorder was reported in 44 (86.27%) of cases. CONCLUSION: Type-3 VWD was found to be the commonest type which can be attributed to the fact that type-3 VWD is transmitted through autosomal recessive pattern of inheritance and consanguineous marriages are highly practiced in our society leading to high frequency of this form of VWD. Easy bruising and epistaxis were concluded to be the most common clinical presentation. Menorrhagia was found to be common in the females of child bearing age.