Socio-economic and environment-friendly initiatives are imperative to ensure sustainable development. And corporate social responsibility (CSR) emerged as a solution to create a balance in society through sustainable business performance. However, organizations need plentiful resources to comply with the philosophies of sustainability and CSR. Therefore, the current study explores the role of green financing that covers the social, environmental, and economic aspects of green financing for achieving, excelling and enhancing CSR in the banking sector. Through the employment of survey methodology and the application of Partial Least Square-Structural Equation Modelling (PLS-SEM), the data confirms the contributing role of green finance and its respective dimensions (Environmental, Economics, and Social) in enhancing the multiple facets of CSR. Based on these findings, it is recommended that the banking sector should allocate additional financial resources to promote CSR attributes.
1 March 2022 in The American Journal of Economics and Sociology
Government financial support (GFS) is an important factor for firms in developing countries, particularly small and medium enterprises (SMEs), to be competitive and perform better. Nonetheless, studies on the relationship between GFS and firm performance have yielded inconclusive results. Researchers' efforts to resolve the inconclusiveness led to an examination of competitive advantage (CA) as a simple mediator. This study contends that CA should not be the first mediator but rather a resource acquired with GFS, such as cloud ERP, which has CA-enabled qualities, as opposed to GFS, which lacks the ability to offer CA to firms. Hence, using 204 Malaysian manufacturing SMEs as a sample, this study investigates the dual sequential mediation of cloud ERP implementation (CERPI) and CA in the GFS-financial performance (FPER) relationship. PLS-SEM was employed as a data analysis method and for hypotheses assessment. Findings reveal that the GFS is not directly associated with FPER. However, GFS is positively related to CERPI, which subsequently enhances CA positively. CA is also positively associated with FPER, and CERPI and CA sequentially mediate the GFS and FPER relationship positively. This study makes a contribution to the literature by providing a more holistic understanding of the complex relationship between GFS and FPER. This study could assist SMEs and policymakers in gaining a better understanding of the process and requirements for realising valuable benefits from GFS.
Cloud enterprise resource planning (ERP) is one of the most sought-after information technology (IT) solutions for improving business performance due to its affordability, scalability, and pay-per-use subscription model. The impact of cloud ERP implementation on business performance, on the other hand, remains inconclusive. Additionally, an important factor that transverses all organizational processes, including IT implementation, is top management support (TMS). However, the TMS’s role in the latter stage (business value realization) of cloud ERP implementation is unclear. The purpose of this paper is to examine the mediating and moderating impacts of top management support (TMS) on the relationship between cloud ERP implementation and financial performance. A total of 204 small and medium enterprises (SMEs) in Malaysia were surveyed, and data analysis was conducted using partial least square structural equation modelling (PLS-SEM). The results demonstrate that TMS plays a partial mediating role in the relationship between cloud ERP implementation and financial performance and that this relationship is significantly stronger in SMEs with low TMS levels. As a result, it is concluded that top management should provide the required support following successful cloud ERP implementation in order to achieve positive financial results. However, such support must be adjusted in order to avoid the deterioration of the firm’s financial performance.
19 November 2022 in Economic Research-Ekonomska Istraživanja
This study examines the trends in environmental sustainability and human well-being through green technologies, clean energy, and environmental taxes using panel data for the top eight advanced economies from 1990 to 2018. The study applies an advanced panel technique, cross-sectionally augmented distributed lags (CS-ARDL), to find long-run and short-run associations between these variables. Moreover, the role of foreign investment is added as a control variable. The CS-ARDL estimation confirms the productive impact of green technologies on environmental and human well-being, providing that it helps to reduce haze pollution while promoting human development. Moreover, clean energy and environmental taxes contribute toa sustainable environment and human development. Moreover, foreign investment is a direct source of haze pollution because of more industrialization and economic activities. The study finally recommends strengthening the promotion of green technology and clean energy to achieve both environmental and human well-being in the long run.