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The impact of the institutional environment on green consumption in India
Purpose
This paper aims to develop an institutional framework to examine the role of governmental and social pressures on green product purchase intentions. Because of the increased focus on environmental issues in emerging markets, an examination of the institutional environment in India can provide unique insights into the drivers of green consumption.
Design/methodology/approach
A large-scale data collection is conducted via an online survey to test the validity of the theorized model. A survey methodology is used to collect responses from a sample of 400 consumers in India and analyzed via Smart PLS 3.0.
Findings
The findings suggest moral norms, injunctive and descriptive, have varying influences on consumers. Further, governmental influence, at least in India, may not have a positive impact one would expect. The results indicate the institutional framework developed in this research has a good predictive ability in green marketing settings and offers insights for businesses and policymakers to enhance consumers’ motivations to purchase green products.
Originality/value
From a theoretical perspective, this research is the first to examine the institutional environment on green consumption in India and provides unique insights into the influences of green consumption. The results suggest the institutional environment in India presents unique opportunities for practitioners and policymakers.
Journal Article
Bank Digitalization and Capital Reallocation
This study investigates the impact of bank digitalization on capital reallocation using the adoption of digital lending platforms and a difference-in-differences design. We find that digital transformation in banking facilitates the reallocation of capital from higher-risk to lower-risk sectors. This effect is particularly pronounced in regions with high levels of government influence and in city and rural commercial banks, which are more susceptible to government intervention. Our findings suggest that banks that implement digital platforms are better positioned to resist political pressures, as the data-driven, automated decision-making processes make it difficult to justify risky, politically motivated loans, while increased transparency limits local government influence over credit allocation. The effects of digitalization on capital reallocation are further amplified in banks with opaque information environments, weak internal control, and high credit risks. Additional analyses show that the adoption of digital lending platforms improves the timeliness of loan loss recognition, reduces bank risk, and enhances operating performance. This study contributes to the literature on digitalization by highlighting its role in improving capital allocation in the banking sector and offers insights into how technological advancements can mitigate the risks posed by political intervention and high-risk lending.
Journal Article
Industrial water consumption efficiency and driving factors based on the super-efficient SBM and Tobit approach
Water scarcity in arid regions is a significant factor constraining industrial development globally. Xinjiang, which has a huge potential for economic development, is constrained for its local industry development owing to the scarcity of water resources. Enhancing the efficiency of industrial water consumption is thus crucial to alleviate the conflict between water resource constrain and economic development. This study investigated the industrial water consumption efficiency in the economic zone of the northern slope of the Tianshan Mountains (EZNSTM) of Xinjiang from 2001 to 2020. The super-efficient SBM and Tobit model were used to identify the key drivers of regional industrial water consumption efficiency. Factors including economic development, government influence, industrial structure, and urbanization levels were found to affect the overall industrial water consumption efficiency. On the contrary, being open to the outside world and natural resource endowment did not significantly impact the water consumption efficiency. This paper identified the disparities in industrial water use and consumption efficiency across different regions of the EZNSTM and elucidated the primary factors influencing industrial water consumption efficiency in the area, which provided a critical foundation for coordinating future economic development and water resource utilization.
Journal Article
A warning
\"On September 5, 2018, the New York Times published a bombshell essay and took the rare step of granting its writer anonymity. Described only as \"a senior official in the Trump administration,\" the author provided eyewitness insight into White House chaos, administration instability, and the people working to keep Donald Trump's reckless impulses in check. With the 2020 election on the horizon, Anonymous speaks out once again. It will surprise and challenge both Democrats and Republicans, motivate them to consider how we judge our nation's leaders, and illuminate the consequences of re-electing a commander in chief unfit for the role.\" -- From jacket.
BOOK
Subnational-level government influence and FDI location choices: The moderating roles of resource dependence relations
By linking the resource dependence perspective with research on foreign direct investment location choices, we analyze how the dependence relationship between the home country of a multinational enterprise (MNE) and a subnational-level host location moderates the effect of local government enticement and deterrence signals on the MNE’s investment in a specific location. Specifically, we differentiate between two dimensions of the dependence relationship between an MNE home country and a subnational host location joint dependence and dependence asymmetry. Moreover, we examine the directionality of dependence asymmetry by distinguishing between the dependence advantage of a home country and that of a subnational host location. A sample of foreign manufacturing ventures across cities in China from 2003 to 2017 provides the empirical context for our investigation. Joint dependence and dependence asymmetry moderate the effects of local government signals on foreign investment location decisions. Although joint dependence enhances the positive effect of government enticement signals and mitigates the negative effect of government deterrence signals on foreign investments, dependence asymmetry affects the impacts of government enticement and deterrence signals differently, depending on which actor holds the dependence advantage.
Journal Article
Navigating external pressures: a study on CSR disclosure practices in an emerging region
The engagement of Chengdu with global initiatives, notably the Belt and Road Initiative (BRI), its nomination as a pilot city for International Sustainable Development, and its active participation in the C40 Cities Climate Leadership Group’s Green and Thriving Neighborhoods Initiative, has highlighted the increasing necessity for local companies to adopt sustainable development practices amid shifting global and national economic landscapes. This study probes the relationship between external organizational pressures and the corporate social responsibility (CSR) disclosure behaviors of listed firms. Employing content analysis of corporate annual reports and leveraging the integrated theoretical frameworks of legitimacy, stakeholder, and institutional theories, this study scrutinizes the influence of external pressure determinants on CSR disclosure practices among 68 listed companies in Chengdu throughout 2019 to 2020. Our empirical findings provide some critical insights. First, there is a discernible positive trend in the extent and quality of CSR disclosures in Chengdu despite these being at relatively modest levels. Second, environmental sensitive industries (ENVIs) and state-owned enterprises (OWNs) emerge as institutional stakeholders exerting a significant effect on both the extent and quality of CSR disclosure. Third, media exposure (MEDIA) analyzed through data from three officially designated newspapers in China serves a bifurcated function, amplifying the extent of CSR disclosures while inversely affecting their quality. These discoveries hold significant implications for companies and policymakers in Chengdu aiming to elevate sustainability practices influenced by external institutional stakeholders.
Journal Article