Topic Review
Impact of External Shocks on Supply Chains
Overwhelmed by the negative impacts of the COVID-19 pandemic, global supply chains are being restructured and improved worldwide. It then becomes essential to accurately assess their vulnerabilities to external shocks and understand the relationships between key influential factors to obtain the desired results.
  • 333
  • 16 Oct 2023
Topic Review
Impact of ESG Performance on Firm Value
The integration of Environmental, Social and Governance (ESG) factors has attracted a great deal of attention from the business media. The reason for this is that ESG is regarded as a method of increasing firm value and improving financial performance. Companies are gradually recognizing the importance of ESG.
  • 951
  • 28 Nov 2022
Topic Review
Impact of Digital Finance on Regional Carbon Emissions
China is currently in the process of industrialization, and the excessive consumption of fossil energy results in a significant increase in carbon emissions. With the significant development of information technology and the digital economy, digital finance has gradually become a new model that affects human activities, motivating us to explore the relationship between digital finance and carbon emissions.
  • 628
  • 05 Aug 2022
Topic Review
Impact of Digital Economy on China’s Service Trade
High-quality development of service trade (HDST) is becoming increasingly important for China’s high-quality development (HD). This builds new development patterns and cultivates new competitive advantages. In the digital economy (DE) era, HDST ushers an important opportunity. The use of DE to promote HDST is the focus of China’s current economic development strategy.
  • 422
  • 25 Aug 2023
Topic Review
Impact of Digital Capabilities on Digital Transformation
Digital transformation is one of the most significant business changes to prompt societal changes, thus altering old patterns of human activity, behavior, communication, and everyday routines. These changes have often been called dramatic because they entailed a transformation in present business structures and strategies for achieving a competitive advantage under new circumstances. Private companies are typically more agile in terms of digital transformation, but public companies are under pressure to follow digitalization trends in the delivery of their services, resulting in broader changes dispersed throughout society. The impact of digitization is readily apparent in the improvement of business processes or their complete transformation, the acceleration of operations, new requirements for employee training, the creation of a completely new job design with new job descriptions that incorporate digital skills, and the replacement of human labor with machines, which are all outcomes of workforce reduction. Success or failure in the era of digitalization depends largely on how human capital is managed, which is also due to the increasing interest for human–machine interaction. In addition to technical concerns and their solutions, the Industry 4.0 revolution demands employees who are creative, inventive, competent, and prepared to face challenges in the digital world.
  • 318
  • 16 Nov 2023
Topic Review
Impact of COVID-19 on Social/Health/Economy
The COVID-19 pandemic is the most large-scale pandemic on earth this century, and the impact in all life sectors is devasting and directly affected human activity in the first wave. The impact on the economy, social care systems, and human relationships is causing an unprecedented global crisis. SARS-CoV-2 has a strong direct acute impact on population health, not only at the physiological level but also at the psychological level for those who suffer it, those close to them, and the general population, who suffer from the social consequences of the pandemic. In this line, the economic recession increased, even more, the social imbalance and inequity, hitting the most vulnerable families, and creating a difficult context for public institutions to address. 
  • 1.7K
  • 15 Jun 2021
Topic Review
Impact of COVID-19 on Energy Economics and Environment
The impact of the COVID-19 pandemic on the economy and society has gained the interest of academics and policymakers in recent years.
  • 417
  • 17 Nov 2022
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. 
  • 352
  • 08 Jan 2024
Topic Review
Illegal Taxicab Operation
Illegal taxicabs, sometimes known as pirate taxis or gypsy cabs, are taxicabs and other for-hire vehicles that are not duly licensed or permitted by the jurisdiction in which they operate. Most major cities worldwide require taxicabs to be licensed, safety-inspected, insured as for-hire vehicles and use taximeters and there may also be requirements that the taxi driver be registered or accredited. However, many unlicensed cabs are in operation. Illegal cabs may be marked taxi vehicles (sometimes referred to as "speedy cabs"), and others are personal vehicles used by an individual to offer unauthorized taxi-like services. Illegal cabs are prevalent in cities with medallion systems, which restrict the number of legal cabs in operation. Since their introduction in 2009, vehicles affiliated with the transportation network company, Uber, have been classified as illegal taxicabs in some jurisdictions.
  • 600
  • 09 Oct 2022
Topic Review
Idiosyncratic Viral Losses
The viral spread of operational losses through global markets by interconnected multinational banks can be compared to viruses spread through interconnected countries and the significant losses incurred; this can be referred to as idiosyncratic viral loss theory. This idiosyncratic viral loss theory discusses systemic operational losses that are evident in human error, fraud, and legal expenses that are aligned to systemic operational risk. The occurrences of significant losses that are idiosyncratic in nature and that are linked to failed internal processes, people, systems, and external events. This study employs the Compliance and Ethics Group’s (OCEG’s) standard that integrates governance, risk management, internal control, assurance, and compliance (GRC capability model) into one functional goal to improve quality and principled performance through measurable tools that may enhance effectiveness and efficiency practices. Four important considerations were identified that could bolster effective risk management practices: (a) a comprehensive enterprise-wide risk; (b) controlling fraud; (c) going beyond the minimum risk assessment requirements set forth by the banking regulators; (d) independent risk identification and management. These considerations towards effective risk management practices may help reduce systemic operational losses viral spread in banks. 
  • 599
  • 24 Feb 2021
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