This study critically examines the mediating role of employees’ eco-friendly behavior (EFB) and the moderating role of green organizational support (GOS) within the relationship between green human resource management (GHRM) and environmental performance (EP) in Turkey’s hospitality sector. As the global hospitality industry grapples with its significant environmental footprint, this research addresses an acute need for empirically grounded insights into how organizational strategies and employee behaviors can be leveraged to achieve sustainability objectives. The study draws on primary data collected from 346 employees across multiple five-star hotels in Turkey. Data collection was facilitated through structured surveys, and analysis employed confirmatory factor analysis and structural equation modeling. Results provide evidence for EFB’s mediating role and GOS’s moderating effects. Findings underscore the need for comprehensive GHRM strategies synergized with robust GOS systems to foster employee commitment to sustainability goals.

Özet Amaç. Bu araştırma, işletme rekabet stratejilerinin işletme performansı üzerindeki etkisinde dijitalleşmenin aracılık rolünü konaklama sektörü üzerinde incelenmesi amaçlamaktadır. Yöntem. Çalışma, kesitsel ve nicel araştırma yöntemleri temelinde planlanmıştır. Araştırmaya ait örneklem grubunu Türkiye genelindeki zincir otellerde görev yapan 525 kişi oluşturmuştur. Çalışmaya ait veriler anket yöntemi ile toplanmıştır. Anket formunda kavramsal verilere ait yedi ve beş dereceli üç farklı ölçek ile çalışanlara ait demografik sorular yer almıştır. Veri analizi için güvenilirlik ve geçerlilik analizleri, keşfedici ve doğrulayıcı faktör analizi, değişkenler arası korelasyon analizi uygulanmıştır. Araştırmaya ait modelin geçerliliği, aracılık ve hipotez testlerini yapabilmek için yapısal eşitlik modeli uygulanmıştır. İstatistiksel analiz için AMOS.24 ve SPSS.24’ten yararlanılmıştır. Bulgular. Korelasyon analizinde, çalışmada bulunan modeldeki tüm değişkenler arasında anlamlı ve olumlu bir ilişki vardır. Regresyon analizi veri sonuçlarına göre işletme rekabet stratejilerinin işletme performansı ve dijitalleşme değişkenlerindeki farklılığı; dijitalleşmenin işletme performasındaki değişimi pozitif ve anlamlı bir biçimde yordadığı görülmüştür. Aracı değişken analizinde ise; dijitalleşmenin işletme rekabet stratejileri ile işletme performansı arasındaki ilişikide güçlü düzeyde aracılık etkisi olduğu görülmüştür. Özgünlük. Kavramsal bölümde, konaklama sektöründe işletme rekabet stratejileri ile işletme performansı ilişkisinde dijitalleşmenin aracı etkisini ortaya koyan bir çalışma bulunmamaktadır. Çalışmanın bu yönüyle hem araştırmacılara hem de uygulayıcılara katkı sağlayacağını düşünülmektedir.

This study disentangles the behavioral mechanisms that shape retail investors' inclination to allocate capital toward sustainable finance products green bonds and ESG rated mutual funds within emerging capital markets. Integrating the Theory of Planned Behavior with behavioral finance perspectives on cognitive bias, we theorize that objective financial literacy promotes sustainable allocation while cognitive biases herding and overconfidence impede it, and that risk perception mediates the literacy pathway. Drawing on a sample of 612 active retail investors across emerging market exchanges, we employ Covariance-Based Structural Equation Modeling (CB-SEM) with Confirmatory Factor Analysis (CFA) to estimate the direct and mediated paths. The findings indicate that objective financial literacy is positively associated with sustainable allocation intention (β = 0.371, p < .001), whereas herding bias (β =-.268, p < .001) and overconfidence bias (β =-.224, p < .001) are negatively associated with it. Risk perception significantly predicts allocation intention (β = 0.312, p < .001) and significantly mediates the financial literacy pathway (indirect β = 0.142, 95% CI [0.094, 0.196]). The measurement and structural models exhibit excellent fit. The study advances behavioral finance theorizing in the under researched emerging market and sustainable finance context and offers actionable guidance for regulators, asset managers, and investor education programs.

The European Union's Digital Product Passport (DPP) mandate, established under the Ecodesign for Sustainable Products Regulation (EU) 2024/1781 and operationalized first through the Batteries Regulation (EU) 2023/1542, imposes a large, asymmetric, and durable increase in the fixed cost of participating in the European product market. This paper develops the first integrated framework in which the mandate operates simultaneously as a fixed compliance cost in a Melitz heterogeneous firms model, a potential trigger of Porter type innovation offsets, a source of new tasks in an Acemoglu Autor task based labor model, and a driver of job creation and destruction in a Mortensen Pissarides search and matching environment. We derive five signed, testable hypotheses and show that the mandate's aggregate macroeconomic sign hinges on whether the Porter offset clears a low but non trivial threshold, while its distributional consequences consolidation toward large firms, a shift in import supply toward large foreign incumbents, and a mismatch driven transitional unemployment cost are unambiguous across the parameter space. A calibrated simulation quantifies these mechanisms, and a heterogeneity robust staggered difference in differences design is specified to identify the effects as the sector by sector phase in generates data.

This study bridges micro level technological deployment dynamics and macro level corporate financial policy by examining how the intensity of generative artificial intelligence integration reshapes free cash flow (FCF) management and optimal liquidity buffers within early adopter firms. Anchored in the Resource Based View (RBV) and the dynamic capabilities perspective, we theorize that the internal velocity of GenAI deployment functions as a higher order organizational capability that enhances working capital forecasting precision, thereby attenuating precautionary cash hoarding tendencies and recalibrating optimal liquidity buffers. Drawing on a two wave, multi source sample of 412 senior finance and operations executives across technology intensive services and advanced manufacturing firms, we employ a two step Structural Equation Modeling (SEM) procedure incorporating Confirmatory Factor Analysis (CFA) and latent moderated mediation analysis. The findings indicate that GenAI deployment intensity exerts a significant positive effect on forecasting accuracy (β = 0.487, p < .001), which in turn mediates a significant reduction in excess liquidity buffers. Environmental dynamism significantly moderates the indirect pathway, such that the cash optimizing effect strengthens under heightened uncertainty (index of moderated mediation = 0.142, 95% CI [0.081, 0.210]). The study contributes a micro foundational account of technology enabled financial agility and offers actionable guidance for chief financial officers recalibrating liquidity policy in an algorithmically intermediated environment.

This study examines how inflationary macroeconomic shocks erode the efficacy of classical working capital metrics in emerging-market service firms, and whether the relationship between aggressive inventory and receivable management and corporate liquidity survival is non-linear. Grounded in the trade-off theory of working capital and the precautionary-liquidity perspective, we theorize that inflation shocks compress working capital efficiency, that aggressive working capital maneuvering exhibits an inverted U relationship with liquidity survival, and that inflation moderates the inventory receivable liquidity nexus. Drawing on an unbalanced panel of 318 listed service firms across several emerging economies over the period 2008 2023 (4,214 firm-year observations), we employ a dynamic panel estimator the two step System Generalized Method of Moments (System GMM) to address the persistence of liquidity, unobserved heterogeneity, and the endogeneity of working capital policy. The results confirm a significant negative effect of inflation shocks on working capital efficiency, a significant inverted-U relationship between working capital aggressiveness and liquidity survival (turning point identified), and a significant moderating role of inflation that shifts the optimum toward more conservative policy. Diagnostic tests (AR(2), Hansen) support the validity of the specification. The study advances working capital theory in high-inflation regimes and offers actionable guidance for treasury and finance executives in emerging markets.