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Minghui Yang
Faculty of Informatics and Management, University of Hradec Kralove, 50002 Hradec Kralove, Czech Republic

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Short Biography

Minghui Yang, PhD, is an associate professor at the Guangzhou College of South China University of Technology. He has post-doctoral followership at the University of Hradec Kralove. He was a visiting assistant professor of accounting at Stockholm University. His research interests include health economics, corporate social responsibility, and business ethics. His work has previously appeared in journals, including the Journal of Cleaner Production, Risk Management and Healthcare Policy, Ecological Indicators, and Sustainability.

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Journal article
Published: 10 February 2021 in Healthcare
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Sustainability of the workforce becomes a crucial issue, of which responsible care for employees can increase job satisfaction and human capital that impact corporate ability to absorb and generate new knowledge. Firms are obligated to provide a healthy and safe working environment for their employees, but it may in turn hinder innovation due to rigid and structured institutional regulations. Drawing on data of 308 China’s pharmaceutical firms from 2010 to 2017, we investigated whether employee care can trigger innovation under corporate adoption of the occupational health and safety management system (OHSMS). Our results suggest that both employee care and OHSMS adoption have a positive impact on innovation. Moreover, the positive relationship between employee care and innovation was more pronounced in firms that had adopted the OHSMS certification. These findings are valuable to policymakers and corporate managers in emerging economies through corroborating the important role of workforce sustainability in facilitating firm innovation.

ACS Style

Minghui Yang; Qian Lin; Petra Maresova. Does Employee Care Trigger Innovation Under a Healthy and Safe Working Environment? Evidence from the Pharmaceutical Industry in China. Healthcare 2021, 9, 194 .

AMA Style

Minghui Yang, Qian Lin, Petra Maresova. Does Employee Care Trigger Innovation Under a Healthy and Safe Working Environment? Evidence from the Pharmaceutical Industry in China. Healthcare. 2021; 9 (2):194.

Chicago/Turabian Style

Minghui Yang; Qian Lin; Petra Maresova. 2021. "Does Employee Care Trigger Innovation Under a Healthy and Safe Working Environment? Evidence from the Pharmaceutical Industry in China." Healthcare 9, no. 2: 194.

Original research
Published: 01 September 2020 in Risk Management and Healthcare Policy
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Background and Purpose: In recent years, the frequent occurrence of occupational accidents, illness, and injuries has become a major issue in China. This study aims to investigate the relationship between the adoption of Occupational Health and Safety Management System (OHSMS) standards and financial performance, with a particular focus on the pharmaceutical firms in China. Methods: The study is based on a sample consisting of 125 pharmaceutical firms listed on the Shanghai and the Shenzhen stock exchanges in China for the period 2010– 2018. Each sample firm was evaluated by whether and when it is certified by an OHSMS standard depending on secondary data collected from an independent certification database. Panel-based regression models were employed to explore whether adoption of an OHSMS standard has had an impact on financial performance. Results: The regression results reveal that the adoption of an OHSMS standard positively affects contemporaneous financial performance measured by return on assets (ROA), return on equity (ROE), and earnings per share (EPS). Mixed results were found when financial performance indicators were extended by two years, suggesting that ROE will increase in the second year after a firm is certified with the standard, but EPS will decline in the third year. Conclusion: The study findings empirically show that adoption of an OHSMS standard contributes to better financial performance for pharmaceutical firms of China in the short term. However, executives of pharmaceutical firms need to be aware of the increased costs related to certification renewal and audit in the following periods and exercise their management discretion to achieve a win–win situation between OHSMS implementation and financial benefit.

ACS Style

Minghui Yang; Petra Maresova. Adopting Occupational Health and Safety Management Standards: The Impact on Financial Performance in Pharmaceutical Firms in China. Risk Management and Healthcare Policy 2020, ume 13, 1477 -1487.

AMA Style

Minghui Yang, Petra Maresova. Adopting Occupational Health and Safety Management Standards: The Impact on Financial Performance in Pharmaceutical Firms in China. Risk Management and Healthcare Policy. 2020; ume 13 ():1477-1487.

Chicago/Turabian Style

Minghui Yang; Petra Maresova. 2020. "Adopting Occupational Health and Safety Management Standards: The Impact on Financial Performance in Pharmaceutical Firms in China." Risk Management and Healthcare Policy ume 13, no. : 1477-1487.

Journal article
Published: 27 April 2020 in Sustainability
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Bankruptcy risk is a fundamental factor affecting the financial sustainability and smooth functioning of an enterprise. The corporate bankruptcy risk‒return association is well founded in the literature. However, there is a dearth of empirical research on how this association prevails at different stages of the corporate life cycle. The present study aims to investigate the bankruptcy‒risk relationship at different stages of corporate life cycle by employing Hierarchical Linear Mixed Model (HLMM) regression estimation on the data of listed non-financial Pakistani firms from 12 diverse industrial segments. We grouped the firms into introduction, growth, mature, shake-out, and decline stages of the life cycle using Dickinson’s model. Empirical results assert that corporate risk-taking at the introduction stage yields superior financial performance in the future, while risk at the growth stage positively contributes to a firm’s current performance. Moreover, because of risk-averse and non-diversified managerial behavior, bankruptcy risk at the mature stage is negatively associated with both current and future performance. Likewise, risk-taking at the decline stage has significant negative implications for firm performance as the managers of such firms undertake heavy investments in a turnaround attempt; however, owing to the risk-averse behavior, they may indulge in negative net present value (NPV) projects. The study findings imply that managers synchronize a firm’s risk exposure with the corresponding life cycle stage to avoid going bankrupt. Moreover, excessive risk-taking during the mature and decline stages can considerably harm the financial sustainability of an enterprise. Hence, investors should exercise a degree of caution when investing in highly indebted later-stage (mature and decline) firms. Overall, bankruptcy risk‒return resembles an inverted U-shaped relationship. Our results are robust and can apply to various econometric specifications.

ACS Style

Minhas Akbar; Ahsan Akbar; Petra Maresova; Minghui Yang; Hafiz Muhammad Arshad. Unraveling the Bankruptcy Risk‒Return Paradox across the Corporate Life Cycle. Sustainability 2020, 12, 3547 .

AMA Style

Minhas Akbar, Ahsan Akbar, Petra Maresova, Minghui Yang, Hafiz Muhammad Arshad. Unraveling the Bankruptcy Risk‒Return Paradox across the Corporate Life Cycle. Sustainability. 2020; 12 (9):3547.

Chicago/Turabian Style

Minhas Akbar; Ahsan Akbar; Petra Maresova; Minghui Yang; Hafiz Muhammad Arshad. 2020. "Unraveling the Bankruptcy Risk‒Return Paradox across the Corporate Life Cycle." Sustainability 12, no. 9: 3547.

Journal article
Published: 11 March 2020 in Sustainability
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This research is implemented in the backdrop of the increasing number of private universities established in China over the last decade, and a growing public concern of sustainable development. The private university has a different reputation and source of funding compared with the public one, leading to different perception and practices toward sustainable development. Yet, none of past studies have investigated into public and private universities in the Chinese context, making this study fill this gap through comparing students’ perception in Zhongkai University of Agriculture and Engineering (a public university) and Guangzhou College of South China University of Technology (a private university). By using the five-point Likert scale questionnaire, 393 students from the public university and 347 students from the private university participated in the survey. The results reveal that students have greatest concern with sustainability commitment and their university’s role for promoting sustainable development, and have least concern with sustainability curricula and research. Compared with students from the public university, students in the private one more often agree on the importance of sustainable development, and have a higher level of perception about commitment, knowledge, attitudes, and practices toward sustainability. The study findings assert that the higher level of perception from private university’s students is due to active campus sustainability engagement and positive stakeholder relationship managed by university management. The study implies that higher education needs to decentralize sustainable plans and decision-making to students, staff, and faculty, and public universities need to incorporate more sustainability-related context into curriculum and academic project.

ACS Style

Jiawen Wang; Minghui Yang; Petra Maresova. Sustainable Development at Higher Education in China: A Comparative Study of Students’ Perception in Public and Private Universities. Sustainability 2020, 12, 2158 .

AMA Style

Jiawen Wang, Minghui Yang, Petra Maresova. Sustainable Development at Higher Education in China: A Comparative Study of Students’ Perception in Public and Private Universities. Sustainability. 2020; 12 (6):2158.

Chicago/Turabian Style

Jiawen Wang; Minghui Yang; Petra Maresova. 2020. "Sustainable Development at Higher Education in China: A Comparative Study of Students’ Perception in Public and Private Universities." Sustainability 12, no. 6: 2158.

Journal article
Published: 10 February 2020 in Journal of Cleaner Production
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Many coastal cities have undergone a surge of rapid industrialization and urbanization leading to severe eco-environmental issues. Thus, establishing a systematic and scientific ecological sustainability assessment framework and ecological governance system is crucially important for coastal zone to achieve sustainable development. This study used a modified emergy-ecological footprint approach and a set of ecological sustainability evaluation indicators to comprehensively evaluate the ecological sustainability from 2000 to 2017 of Xiamen, a typical coastal city in China. Its results show that Xiamen changed from having an ecological surplus in 2008 to an ecological deficit in 2009, indicating that its demand for resources began to exceed the ecosystem threshold value in 2009. Besides, the results of the ecological sustainability analysis indicate that the ecological sustainability of Xiamen was gradually weakening due to increasing pressure on ecosystem health. We also measured four aspects of Xiamen’s urbanization level—demographic, economic, social and spatial—to investigate their relationship with ecological sustainability. These results indicate that, for Xiamen, demographic urbanization is the essential determinant of the urbanization system’s correlation relationship with ecological sustainability and it thus is the key indicator to be considered when making policy to guarantee ecological balance and sustainable development. Additionally, the relationships between the four different aspects of urbanization and ecological sustainability are all an exhibit inverse U-shaped curve during the study period. Finally, effective measures were proposed in consideration of the research findings. The results hold profound significance for the Xiamen’s sustainable development, as well as for other coastal zones with similar characteristics.

ACS Style

Chao Liu; Minghui Yang. An empirical analysis of dynamic changes in ecological sustainability and its relationship with urbanization in a coastal city: The case of Xiamen in China. Journal of Cleaner Production 2020, 256, 120482 .

AMA Style

Chao Liu, Minghui Yang. An empirical analysis of dynamic changes in ecological sustainability and its relationship with urbanization in a coastal city: The case of Xiamen in China. Journal of Cleaner Production. 2020; 256 ():120482.

Chicago/Turabian Style

Chao Liu; Minghui Yang. 2020. "An empirical analysis of dynamic changes in ecological sustainability and its relationship with urbanization in a coastal city: The case of Xiamen in China." Journal of Cleaner Production 256, no. : 120482.

Journal article
Published: 14 October 2019 in Sustainability
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This research is carried out in the backdrop of increasing product quality and environmental degradation scandals associated with Chinese Pharmaceuticals in recent years. We examined the data of 125 Chinese Pharmaceuticals between 2010–2016 to investigate the impact of overall corporate social responsibility (CSR) performance as well as the performance on five unique aspects of CSR such as shareholders, employees, customers and suppliers, environmental practices, and the society to gauge the impact of these individual dimensions on the firm’s financial performance. The Hexun rating system is used to gauge a firm’s CSR performance on various stakeholder dimensions as it is one of the widely accepted CSR measurement criteria in China. The firm performance is measured by Tobin’s Q, return on assets (ROA), return on equity (ROE), and earnings per share (EPS) ratios. The outcome of the panel-based regression models reveals that the overall CSR score has a positive and significant influence on a firm’s financial indicators. Moreover, although all the CSR dimensions relate positively to firm performance, the environmental aspect of CSR has the most profound impact on firm performance followed by customers and suppliers, and employees. However, the shareholders and social dimensions have a relatively lesser influence on firm performance. These results imply that Chinese Pharmaceuticals shall further optimize each aspect of CSR performance as it can not only create a favorable brand image for various stakeholders but also results in sustainable financial performance.

ACS Style

Minghui Yang; Paulo Bento; Ahsan Akbar. Does CSR Influence Firm Performance Indicators? Evidence from Chinese Pharmaceutical Enterprises. Sustainability 2019, 11, 5656 .

AMA Style

Minghui Yang, Paulo Bento, Ahsan Akbar. Does CSR Influence Firm Performance Indicators? Evidence from Chinese Pharmaceutical Enterprises. Sustainability. 2019; 11 (20):5656.

Chicago/Turabian Style

Minghui Yang; Paulo Bento; Ahsan Akbar. 2019. "Does CSR Influence Firm Performance Indicators? Evidence from Chinese Pharmaceutical Enterprises." Sustainability 11, no. 20: 5656.