Pub Date : 2025-02-17DOI: 10.1016/j.sftr.2025.100492
Abdullah Kaid Al-Swidi , Mohammed A. Al-Hakimi , Hamid Mahmood Gelaidan , Mohamed Mohamed Al Haifi , Ahmed Abdullah Ahmed
This study investigates the role of digital technologies (DTs) in enhancing circular supply chain capability (CSCC), as well as the role of technological opportunism capability (TOC) as an enabler and technological turbulence (TT) as a moderator. Using data gathered through a cross-sectional survey from companies in the Indian automotive industry, the relationships in the proposed model were analyzed using PLS-SEM via SmartPLS software. The findings reveal that digital technologies positively and significantly affect CSCC. Importantly, TOC enhances the positive effect of digital technologies on CSCC but not directly affect CSCC. Finally, TT moderates the relationship between TOC and firms’ adoption of digital technologies. The uniqueness of this study is in testing a novel model that demonstrates the importance of TOC adoption in driving firms to adopt DTs that in turn enhance CSCC under a high level of TT.
{"title":"Harnessing digital technologies in circular supply chains: The role of technological opportunism capability and technological turbulence","authors":"Abdullah Kaid Al-Swidi , Mohammed A. Al-Hakimi , Hamid Mahmood Gelaidan , Mohamed Mohamed Al Haifi , Ahmed Abdullah Ahmed","doi":"10.1016/j.sftr.2025.100492","DOIUrl":"10.1016/j.sftr.2025.100492","url":null,"abstract":"<div><div>This study investigates the role of digital technologies (DTs) in enhancing circular supply chain capability (CSCC), as well as the role of technological opportunism capability (TOC) as an enabler and technological turbulence (TT) as a moderator. Using data gathered through a cross-sectional survey from companies in the Indian automotive industry, the relationships in the proposed model were analyzed using PLS-SEM via SmartPLS software. The findings reveal that digital technologies positively and significantly affect CSCC. Importantly, TOC enhances the positive effect of digital technologies on CSCC but not directly affect CSCC. Finally, TT moderates the relationship between TOC and firms’ adoption of digital technologies. The uniqueness of this study is in testing a novel model that demonstrates the importance of TOC adoption in driving firms to adopt DTs that in turn enhance CSCC under a high level of TT.</div></div>","PeriodicalId":34478,"journal":{"name":"Sustainable Futures","volume":"9 ","pages":"Article 100492"},"PeriodicalIF":3.3,"publicationDate":"2025-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143464795","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-02-17DOI: 10.1016/j.sftr.2025.100493
Muskan Sahu , Waleed M. Alahdal , Dharen Kumar Pandey , Saeed Rabea Baatwah , Mohammed Saleh Bajaher
This study uses a sample of 122 non-financial listed companies in Malaysia from 2016 to 2023 to examine the relationship between board gender diversity (BG) and firm performance (FP), with a focus on the moderating role of Environmental, Social, and Governance (ESG) performance. Using generalized least squares (GLS) estimation, the findings indicate that greater representation of women on corporate boards positively influences firm performance, leading to enhanced FP. Furthermore, ESG performance positively impacts return on equity (ROE) and Tobin's Q. Importantly, ESG performance moderates the relationship between BG and FP, particularly in the context of ROE. The study offers both theoretical and practical insights. It underscores the critical role of fostering transparency in ESG practices and enhancing gender diversity at the board level. These efforts drive better FP and contribute to long-term corporate sustainability.
{"title":"Board gender diversity and firm performance: Unveiling the ESG effect","authors":"Muskan Sahu , Waleed M. Alahdal , Dharen Kumar Pandey , Saeed Rabea Baatwah , Mohammed Saleh Bajaher","doi":"10.1016/j.sftr.2025.100493","DOIUrl":"10.1016/j.sftr.2025.100493","url":null,"abstract":"<div><div>This study uses a sample of 122 non-financial listed companies in Malaysia from 2016 to 2023 to examine the relationship between board gender diversity (BG) and firm performance (FP), with a focus on the moderating role of Environmental, Social, and Governance (ESG) performance. Using generalized least squares (GLS) estimation, the findings indicate that greater representation of women on corporate boards positively influences firm performance, leading to enhanced FP. Furthermore, ESG performance positively impacts return on equity (ROE) and Tobin's Q. Importantly, ESG performance moderates the relationship between BG and FP, particularly in the context of ROE. The study offers both theoretical and practical insights. It underscores the critical role of fostering transparency in ESG practices and enhancing gender diversity at the board level. These efforts drive better FP and contribute to long-term corporate sustainability.</div></div>","PeriodicalId":34478,"journal":{"name":"Sustainable Futures","volume":"9 ","pages":"Article 100493"},"PeriodicalIF":3.3,"publicationDate":"2025-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143479565","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study examines scientific literature focusing on consumer behavior related to food waste, a critical component of the United Nations' Sustainable Development Goals (SDGs) for 2030, particularly the goal of responsible production and consumption. While existing research predominantly emphasizes producers as primary stakeholders, evidence indicates that a substantial proportion of food waste occurs downstream at the consumer level. Despite this, studies prioritizing consumer behavior in addressing food waste remain scarce. To bridge this gap, this research analyzed 132 articles published between 2015 and 2023 from Scopus and PubMed databases using keywords such as “food,” “waste,” “behavior,” and “consumer” within the fields of management, business, economics, and social sciences. Utilizing NVivo and VOSviewer for thematic analysis, four distinct thematic clusters emerged, highlighting the multifaceted nature of consumer food waste. These clusters address individual practices, regulatory frameworks, food waste characteristics, sources, and the broader food production process. The findings underscore the need for integrated strategies targeting consumer behavior to effectively mitigate food waste and advance sustainable development objectives.
{"title":"A systematic literature review and future research agenda on the dynamics of food waste in the context of consumer behavior","authors":"Widayat , Eko Handayanto , Alfina Diana Irfani , Ilyas Masudin","doi":"10.1016/j.sftr.2025.100491","DOIUrl":"10.1016/j.sftr.2025.100491","url":null,"abstract":"<div><div>This study examines scientific literature focusing on consumer behavior related to food waste, a critical component of the United Nations' Sustainable Development Goals (SDGs) for 2030, particularly the goal of responsible production and consumption. While existing research predominantly emphasizes producers as primary stakeholders, evidence indicates that a substantial proportion of food waste occurs downstream at the consumer level. Despite this, studies prioritizing consumer behavior in addressing food waste remain scarce. To bridge this gap, this research analyzed 132 articles published between 2015 and 2023 from Scopus and PubMed databases using keywords such as “food,” “waste,” “behavior,” and “consumer” within the fields of management, business, economics, and social sciences. Utilizing NVivo and VOSviewer for thematic analysis, four distinct thematic clusters emerged, highlighting the multifaceted nature of consumer food waste. These clusters address individual practices, regulatory frameworks, food waste characteristics, sources, and the broader food production process. The findings underscore the need for integrated strategies targeting consumer behavior to effectively mitigate food waste and advance sustainable development objectives.</div></div>","PeriodicalId":34478,"journal":{"name":"Sustainable Futures","volume":"9 ","pages":"Article 100491"},"PeriodicalIF":3.3,"publicationDate":"2025-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143421390","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-02-12DOI: 10.1016/j.sftr.2025.100489
Hanaa M. Abdelhaleem , Elsayed M. AbouElleef , Manal Gad
This study presents a comprehensive cost model for the installation of pressurized pipeline systems, addressing the limitations of traditional surface irrigation methods. Utilizing a bottom-up approach, the model incorporates critical components such as materials, labor, and equipment, resulting in a calculated unit price of $236.50 per square meter for golf course irrigation systems.
Beyond financial insights, this research establishes the pivotal role of efficient irrigation systems in advancing smart city initiatives. By integrating water-saving technologies and digital monitoring systems, the proposed model aligns with the principles of resource efficiency and environmental conservation. It supports the development of resilient urban green spaces while addressing global challenges such as water scarcity and climate change. This work bridges the gap between innovative cost estimation and sustainable urban planning, providing actionable tools for policymakers and stakeholders to achieve the vision of smart, sustainable cities.
{"title":"Cost model of the water pipeline systems used in irrigation to transform into smart sustainable cities","authors":"Hanaa M. Abdelhaleem , Elsayed M. AbouElleef , Manal Gad","doi":"10.1016/j.sftr.2025.100489","DOIUrl":"10.1016/j.sftr.2025.100489","url":null,"abstract":"<div><div>This study presents a comprehensive cost model for the installation of pressurized pipeline systems, addressing the limitations of traditional surface irrigation methods. Utilizing a bottom-up approach, the model incorporates critical components such as materials, labor, and equipment, resulting in a calculated unit price of $236.50 per square meter for golf course irrigation systems.</div><div>Beyond financial insights, this research establishes the pivotal role of efficient irrigation systems in advancing smart city initiatives. By integrating water-saving technologies and digital monitoring systems, the proposed model aligns with the principles of resource efficiency and environmental conservation. It supports the development of resilient urban green spaces while addressing global challenges such as water scarcity and climate change. This work bridges the gap between innovative cost estimation and sustainable urban planning, providing actionable tools for policymakers and stakeholders to achieve the vision of smart, sustainable cities.</div></div>","PeriodicalId":34478,"journal":{"name":"Sustainable Futures","volume":"9 ","pages":"Article 100489"},"PeriodicalIF":3.3,"publicationDate":"2025-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143438111","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-02-12DOI: 10.1016/j.sftr.2025.100487
P Letmathe, P Weidinger
To accelerate the energy transition, business models must be identified for decentralized energy generators that are economically viable at market conditions. This paper analyses the concept of Energy Communities participating in the German energy exchange and the balancing market. With real-world data the simulation model calculates potential revenue streams. The results show that Energy Communities are financially feasible and create an added value for their members starting from 100 participating households. However, investments in local storage systems are essential for the profitable operation. The simulation model shows how Energy Communities can contribute to an increasing share of energy from renewable sources and can create an added financial value. Scenario analyses show the effects of various influencing factors. The results imply to politically strengthen Energy Communities to create a more decentralized and cost-effective grid structure.
{"title":"Commercial energy communities participating in the balancing market a market simulation for energy communities operating by PV- and battery systems","authors":"P Letmathe, P Weidinger","doi":"10.1016/j.sftr.2025.100487","DOIUrl":"10.1016/j.sftr.2025.100487","url":null,"abstract":"<div><div>To accelerate the energy transition, business models must be identified for decentralized energy generators that are economically viable at market conditions. This paper analyses the concept of Energy Communities participating in the German energy exchange and the balancing market. With real-world data the simulation model calculates potential revenue streams. The results show that Energy Communities are financially feasible and create an added value for their members starting from 100 participating households. However, investments in local storage systems are essential for the profitable operation. The simulation model shows how Energy Communities can contribute to an increasing share of energy from renewable sources and can create an added financial value. Scenario analyses show the effects of various influencing factors. The results imply to politically strengthen Energy Communities to create a more decentralized and cost-effective grid structure.</div></div>","PeriodicalId":34478,"journal":{"name":"Sustainable Futures","volume":"9 ","pages":"Article 100487"},"PeriodicalIF":3.3,"publicationDate":"2025-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143420745","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The manufacturing of electronic devices has revolutionized modern life, but it has also led to critical environmental challenges, particularly related to the disposal of electronic waste (e-waste). Effective e-waste management is a growing concern that demands integrated strategies such as recycling, sustainable product design, and safe disposal practices. This study proposes a two-step autonomated inspection process during manufacturing, ensuring that only defect-free products reach the market, while defective items are promptly repaired. The demand for defect-free products is modelled as a function of their selling price. Post-consumer, the framework incorporates a reverse logistics system where product components are sorted and disassembled to recover valuable materials for recycling, repairing, or repurposing in secondary manufacturing. The study addresses constrained decision-making problems, optimizing resource allocation, minimizing costs, and enhancing environmental sustainability using sequential quadratic programming, a numerical optimization technique. The robustness of the proposed model is demonstrated through sensitivity analysis and Pareto analysis highlights cost-cutting opportunities in manufacturing and return processing, emphasizing the importance of operational quality and sustainability. Additionally, it highlights the critical role of stakeholder collaboration in fostering sustainable lifecycle management within the electronic industry. The model evaluates key decision variables like recycling, repairing, and secondary manufacturing, showcasing its practical application and adaptability in addressing future e-waste challenges. The findings emphasize the economic and environmental benefits of integrating advanced inspection processes with reverse logistics in the sustainability of electronic product waste management.
{"title":"Sustainability of electronic product manufacturing through e-waste management and reverse logistics","authors":"Anshika Singh, Abhinav Goel, Anand Chauhan, Shubham Kumar Singh","doi":"10.1016/j.sftr.2025.100490","DOIUrl":"10.1016/j.sftr.2025.100490","url":null,"abstract":"<div><div>The manufacturing of electronic devices has revolutionized modern life, but it has also led to critical environmental challenges, particularly related to the disposal of electronic waste (e-waste). Effective e-waste management is a growing concern that demands integrated strategies such as recycling, sustainable product design, and safe disposal practices. This study proposes a two-step autonomated inspection process during manufacturing, ensuring that only defect-free products reach the market, while defective items are promptly repaired. The demand for defect-free products is modelled as a function of their selling price. Post-consumer, the framework incorporates a reverse logistics system where product components are sorted and disassembled to recover valuable materials for recycling, repairing, or repurposing in secondary manufacturing. The study addresses constrained decision-making problems, optimizing resource allocation, minimizing costs, and enhancing environmental sustainability using sequential quadratic programming, a numerical optimization technique. The robustness of the proposed model is demonstrated through sensitivity analysis and Pareto analysis highlights cost-cutting opportunities in manufacturing and return processing, emphasizing the importance of operational quality and sustainability. Additionally, it highlights the critical role of stakeholder collaboration in fostering sustainable lifecycle management within the electronic industry. The model evaluates key decision variables like recycling, repairing, and secondary manufacturing, showcasing its practical application and adaptability in addressing future e-waste challenges. The findings emphasize the economic and environmental benefits of integrating advanced inspection processes with reverse logistics in the sustainability of electronic product waste management.</div></div>","PeriodicalId":34478,"journal":{"name":"Sustainable Futures","volume":"9 ","pages":"Article 100490"},"PeriodicalIF":3.3,"publicationDate":"2025-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143429955","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-02-12DOI: 10.1016/j.sftr.2025.100481
Ritu Srivastava, Meeta Dasgupta, Anupama Prashar
The extant discourse surrounding the imperative to embrace carbon management initiatives and achieve carbon-neutral operations presents fertile ground for deploying sustainable business models. These models incorporate Environmental, Social, and Governance (ESG) criteria and financial viability into their operational frameworks. Moreover, they engage with a diverse spectrum of stakeholders in business operations. The automotive ancillary sector follows a tiered structure globally, which remains partially unorganized in emerging markets such as India. Utilizing the Business Model Canvas as an analytical tool, this study evaluates the existing business models of the automotive ancillary sector in India in relation to net neutrality targets within an emerging economy to understand their sustainability implications, resource usage, waste generation, and overall environmental impact in terms of carbon management to reduce carbon emissions. The study then proposes a guiding framework for business model transition to achieve carbon neutrality in the automotive ancillary sector in emerging markets such as India. Methodologically, the research employs a case study approach to address the research questions. The findings elucidate disparities due to the lack of organization among tier 2 and 3 suppliers within business model elements between Indian and leading global automotive ancillary enterprises. A guiding framework with key pillars is proposed to facilitate the business model transition toward carbon-neutral operations.
{"title":"Business model transition towards carbon-neutrality in automotive ancillaries – An emerging market perspective from India","authors":"Ritu Srivastava, Meeta Dasgupta, Anupama Prashar","doi":"10.1016/j.sftr.2025.100481","DOIUrl":"10.1016/j.sftr.2025.100481","url":null,"abstract":"<div><div>The extant discourse surrounding the imperative to embrace carbon management initiatives and achieve carbon-neutral operations presents fertile ground for deploying sustainable business models. These models incorporate Environmental, Social, and Governance (ESG) criteria and financial viability into their operational frameworks. Moreover, they engage with a diverse spectrum of stakeholders in business operations. The automotive ancillary sector follows a tiered structure globally, which remains partially unorganized in emerging markets such as India. Utilizing the Business Model Canvas as an analytical tool, this study evaluates the existing business models of the automotive ancillary sector in India in relation to net neutrality targets within an emerging economy to understand their sustainability implications, resource usage, waste generation, and overall environmental impact in terms of carbon management to reduce carbon emissions. The study then proposes a guiding framework for business model transition to achieve carbon neutrality in the automotive ancillary sector in emerging markets such as India. Methodologically, the research employs a case study approach to address the research questions. The findings elucidate disparities due to the lack of organization among tier 2 and 3 suppliers within business model elements between Indian and leading global automotive ancillary enterprises. A guiding framework with key pillars is proposed to facilitate the business model transition toward carbon-neutral operations.</div></div>","PeriodicalId":34478,"journal":{"name":"Sustainable Futures","volume":"9 ","pages":"Article 100481"},"PeriodicalIF":3.3,"publicationDate":"2025-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143454593","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-02-11DOI: 10.1016/j.sftr.2025.100488
Jian Feng , Zhenfeng Liu
To find the unexplored technology opportunities and indicate the potential breakthroughs for the technology development of coal bed methane (CBM) exploitation, this study proposes an automated identification approach by combining the patent classification codes and generative topographic mapping (GTM) based on patent analysis. The experimental findings reveal that the proposed model outperforms nine traditional link prediction benchmarks in identifying 15 vacant technologies. This automated identification approach not only saves R&D time to discover vacant technologies for CBM exploitation but also generates actionable policy insights for governments and enterprises to optimize strategic resource allocation and foster cross-sector innovation.
{"title":"Identifying potential technology opportunities for coal bed methane exploitation via patent analysis","authors":"Jian Feng , Zhenfeng Liu","doi":"10.1016/j.sftr.2025.100488","DOIUrl":"10.1016/j.sftr.2025.100488","url":null,"abstract":"<div><div>To find the unexplored technology opportunities and indicate the potential breakthroughs for the technology development of coal bed methane (CBM) exploitation, this study proposes an automated identification approach by combining the patent classification codes and generative topographic mapping (GTM) based on patent analysis. The experimental findings reveal that the proposed model outperforms nine traditional link prediction benchmarks in identifying 15 vacant technologies. This automated identification approach not only saves R&D time to discover vacant technologies for CBM exploitation but also generates actionable policy insights for governments and enterprises to optimize strategic resource allocation and foster cross-sector innovation.</div></div>","PeriodicalId":34478,"journal":{"name":"Sustainable Futures","volume":"9 ","pages":"Article 100488"},"PeriodicalIF":3.3,"publicationDate":"2025-02-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143396243","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-02-10DOI: 10.1016/j.sftr.2025.100485
Homa Molavi , Lihong Zhang , Mohammad Khanbabaei
Open service innovation in the banking industry has led to sustainable competitive advantages for the economies of developed countries. This approach can also be advantageous for banks in developing countries grappling with unstable economic conditions, such as high inflation, economic sanctions, and low growth. Therefore, it is crucial to identify and present a model of key criteria for open service innovation within the banking sector of developing countries facing economic instability. In this context, several MCDM techniques, along with fuzzy set theory, were employed to identify the most significant criteria for open service innovation in the banking sector. Initially, the Entropy method and TOPSIS were used to select leading banking experts and gather their insights on the criteria for open service innovation. Subsequently, fuzzy DEMATEL and fuzzy ANP were applied to determine the interrelationships and relative weights of the open service innovation criteria. A dataset comprising the opinions of banking experts in Iran, which serves as a case study of a developing country, was used to evaluate the effectiveness of the proposed model. Four primary criteria and twelve sub-criteria were identified from the literature to assess open service innovation in the banking industry. The findings indicate that environmental factors are of utmost significance, followed by organisational, interaction, and resource factors, respectively. In summary, our results reveal the necessity of designing a policy framework that aligns financial infrastructure with sustainable governance. This includes highlighting the role of regulatory sandboxes in fostering innovation while ensuring compliance, the importance of data governance in maintaining trust and stability in the financial system, and the impact of AI implementation and AI-driven algorithms in driving open innovation within an unstable banking and economic system. Policymakers should incentivise investment in advanced technologies like AI, machine learning, and blockchain to enhance financial system resilience and transparency. Strengthened regulatory frameworks should align financial governance with ESG principles, ensuring transparency and sustainability. Regulatory sandboxes and innovation clusters can foster collaboration between banks, fintech companies, and regulators, enhancing trust and compliance. Strict data governance frameworks aligned with global standards are essential to balancing innovation with privacy.
{"title":"Sustainable financial infrastructure and governance: A fuzzy multi-criteria decision-making analysis of open service innovation in unstable economies","authors":"Homa Molavi , Lihong Zhang , Mohammad Khanbabaei","doi":"10.1016/j.sftr.2025.100485","DOIUrl":"10.1016/j.sftr.2025.100485","url":null,"abstract":"<div><div>Open service innovation in the banking industry has led to sustainable competitive advantages for the economies of developed countries. This approach can also be advantageous for banks in developing countries grappling with unstable economic conditions, such as high inflation, economic sanctions, and low growth. Therefore, it is crucial to identify and present a model of key criteria for open service innovation within the banking sector of developing countries facing economic instability. In this context, several MCDM techniques, along with fuzzy set theory, were employed to identify the most significant criteria for open service innovation in the banking sector. Initially, the Entropy method and TOPSIS were used to select leading banking experts and gather their insights on the criteria for open service innovation. Subsequently, fuzzy DEMATEL and fuzzy ANP were applied to determine the interrelationships and relative weights of the open service innovation criteria. A dataset comprising the opinions of banking experts in Iran, which serves as a case study of a developing country, was used to evaluate the effectiveness of the proposed model. Four primary criteria and twelve sub-criteria were identified from the literature to assess open service innovation in the banking industry. The findings indicate that environmental factors are of utmost significance, followed by organisational, interaction, and resource factors, respectively. In summary, our results reveal the necessity of designing a policy framework that aligns financial infrastructure with sustainable governance. This includes highlighting the role of regulatory sandboxes in fostering innovation while ensuring compliance, the importance of data governance in maintaining trust and stability in the financial system, and the impact of AI implementation and AI-driven algorithms in driving open innovation within an unstable banking and economic system. Policymakers should incentivise investment in advanced technologies like AI, machine learning, and blockchain to enhance financial system resilience and transparency. Strengthened regulatory frameworks should align financial governance with ESG principles, ensuring transparency and sustainability. Regulatory sandboxes and innovation clusters can foster collaboration between banks, fintech companies, and regulators, enhancing trust and compliance. Strict data governance frameworks aligned with global standards are essential to balancing innovation with privacy.</div></div>","PeriodicalId":34478,"journal":{"name":"Sustainable Futures","volume":"9 ","pages":"Article 100485"},"PeriodicalIF":3.3,"publicationDate":"2025-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143421389","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-02-09DOI: 10.1016/j.sftr.2025.100462
Muhammad Imran Nazir , Anum Tariq , Muhammad Rizwan Nazir , Saher Zeast Hasan
This study examines the impact of Financial Technology (FT) and Greenfield Investment (GFI) on Sustainable Development (SD), with a focus on the moderating role of Institutional Quality (IQ) in emerging countries using secondary data for 88 developing countries between 2000 and 2023 from different sources. To estimate the correlations between these variables, the study uses panel regression and two-stage least squares (2SLS). The results indicate that FT and GFI positively and significantly impact SD. The positive impacts of Greenfield investment and financial technology are reduced when the institutional quality is low. This study also applied the robustness tests, which further confirm our mainstream results. These outcomes assist policymakers in developing nations striving for sustainable development by highlighting the pertinent role that improving institutional quality plays in enhancing the advantages of FT and GFI.
{"title":"Financial technology, greenfield investment, and sustainable development: Role of institutional quality","authors":"Muhammad Imran Nazir , Anum Tariq , Muhammad Rizwan Nazir , Saher Zeast Hasan","doi":"10.1016/j.sftr.2025.100462","DOIUrl":"10.1016/j.sftr.2025.100462","url":null,"abstract":"<div><div>This study examines the impact of Financial Technology (FT) and Greenfield Investment (GFI) on Sustainable Development (SD), with a focus on the moderating role of Institutional Quality (IQ) in emerging countries using secondary data for 88 developing countries between 2000 and 2023 from different sources. To estimate the correlations between these variables, the study uses panel regression and two-stage least squares (2SLS). The results indicate that FT and GFI positively and significantly impact SD. The positive impacts of Greenfield investment and financial technology are reduced when the institutional quality is low. This study also applied the robustness tests, which further confirm our mainstream results. These outcomes assist policymakers in developing nations striving for sustainable development by highlighting the pertinent role that improving institutional quality plays in enhancing the advantages of FT and GFI.</div></div>","PeriodicalId":34478,"journal":{"name":"Sustainable Futures","volume":"9 ","pages":"Article 100462"},"PeriodicalIF":3.3,"publicationDate":"2025-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143454595","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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