Topic Review
System Dynamics-Based Interactive Learning Environment for Formative (Self-)Assessment
An online system dynamics-based interactive learning environment (ILE) can be designed to assess the trainees' capabilities, in accordance with the formative assessment paradigm. Through a simulated business environment, trainees have the opportunity to virtually manage their own company (system) while taking on various roles that mirror real-life scenarios related to the phenomenon analyzed by the ILE. The ILE has a feature that allows the assessment of such capabilities by measuring key indicators that determine the feasibility, effectiveness, and efficiency of their decision-making when running a firm within a specific operational context. From this standpoint, implementing a practical approach that enables trainees to confidently evaluate their capabilities in a protected environment (simulations) would produce the following different benefits for them: a) Personalized Learning: Interactive learning environments can adapt to suit trainees' individual learning styles, making the learning experience more personalized and effective; b) Interactive Learning Experience: Interactive learning environments offer learners the opportunity to engage actively in the learning process, facilitating better retention of knowledge; c) Real-time Feedback: Interactive learning environments provide learners with instant feedback, which helps them to identify gaps in their knowledge and improve immediately; d) Collaborative Learning: Interactive learning environments encourage learners to work collaboratively, which has proven benefits for memory retention and enhanced peer learning.
  • 127
  • 11 Jan 2024
Topic Review Peer Reviewed
Director Interlocks: Information Transfer in Board Networks
Director interlocks occur when a board member or an executive of a firm sits on the board of directors of another firm. As an essential social network application in the business world, interlocking directorates are documented to be non-trivial from the 1930s and continue to gain popularity thereafter. Corporate information and business practices can be transferred to another firm through an interlocking director sitting on both companies’ boards. Such information dissemination leads to changes in an interlocking firm’s decision-making processes. Existing business research attempts to decipher the underlying reasons why board interlocks become prevalent, how and what information is being transferred through this channel, and the intended or unintended consequences to firm strategic, governance, financing, and accounting practices. We first introduce theoretical research on board interlocks in management and then follow up with empirical evidence in finance and accounting. Since extant studies have not reached a consensus on various consequences of board interlocks, we contribute to the literature by summarizing the findings from multi-business disciplines, discussing their advantages and disadvantages, and calling for more research on the topic.
  • 713
  • 10 Jan 2024
Topic Review
Renewable Energy Transition
The renewable energy transition of oil- and gas-producing countries has specific peculiarities due to the ambivalent position of these countries in the global energy market, both as producers and consumers of energy resources. This task becomes even more challenging when the share of oil and gas in the country’s GDP is very high. These circumstances pose serious challenges for long-term energy policy development and require compromising decisions to better align the existing and newly created energy policies of the country. The scale, scope, and pace of changes in the transition process must be well balanced, considering the increasing pressure of economic and environmental factors.
  • 129
  • 10 Jan 2024
Topic Review
Business Strategy and Climate Change Disclosure
Climate change disclosure (CCD) in accounting literature refers to the practice of providing detailed and transparent information in a company’s financial reports, statements, and official documents about the current, actual, and potential financial impacts of climate change on the company. This disclosure is essential for all categories of stakeholders, including regulators, investors, and the public, to build an overall view and understand how a company is dealing with and managing the opportunities and risks related to climate change.
  • 216
  • 10 Jan 2024
Topic Review
Digital Culture, Knowledge, and Commitment to Digital Transformation
Digital culture (DC) is considered an important and integral part of any organization’s strategy and dynamics, together with knowledge, learning, and continuous improvement. They are key concepts that enable companies to keep up with mature and competitive markets and to be fully adapted to constantly changing scenarios.
  • 346
  • 09 Jan 2024
Topic Review
Sustainable Maritime Workforce
The maritime industry is regarded as the fulcrum of the global economy. It contributes significantly in diverse ways to the movement of goods. To effectively deliver on its mandate, maritime transportation needs to be sustainable.
  • 180
  • 09 Jan 2024
Topic Review
Unbiased Expectation Theory
Unbiased expectation theory (UET), which posits that long-term interest rates are determined by the market’s expectations of future short-term interest rates, is a fundamental concept in the field of fixed-income securities. According to the expectation hypothesis, forward interest rates should be unbiased estimates of expected future spot interest rates.
  • 406
  • 09 Jan 2024
Topic Review
Impact of Corporate Social Responsibility on Financial Performance
In the post-epidemic era, more and more enterprises have realized the crucial significance of corporate social responsibility for enterprise development. It was found that (1) companies with good corporate social responsibility (CSR) performance show a high level of financial performance (FP); (2) the higher the media’s attention on the company, the better the CSR performance; and (3) based on the nature of the emotion, the researchers divided media attention into positive and negative reports. Positive reports weaken the positive impact of CSR on financial performance, while negative reports reinforce this positive effect. These empirical findings remain robust after controlling for endogeneity and employing alternative variable measures. 
  • 341
  • 08 Jan 2024
Topic Review
The Impact of COCZs on Sustainable Trade
Under the concept of “government-guided, enterprise-led, and market-oriented” operation, the Chinese Overseas Economic and Trade Cooperation Zones (COCZs) have developed a new type of international production pattern, which has become an effective way for developing countries to integrate into the global production network sustainably. 
  • 144
  • 08 Jan 2024
Topic Review
Microeconomic Explanation of Citizen Participation in Open Government
The digital economy and the sharing economy have changed the role citizens may acquire in society. Citizens can perform at least two roles from the open government perspective: on the one hand, they can be passive users/demanders of information and, on the other hand, they can provide or produce the information in an active manner.
  • 97
  • 05 Jan 2024
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