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Environmental innovation and green low-carbon transitions: The moderating role of green regulatory pressure

Tingqian Pu

Environmental innovation is widely recognized as a key driver of sustainability, reducing greenhouse gas emissions and enhancing resource efficiency. However, the mechanisms through which it contributes to green low-carbon transitions remain underexplored, particularly in the context of varying regulatory environments. This study examines the relationship between environmental innovation and green low-carbon transitions, focusing on the moderating role of green regulátory pressure. Using panel…

DOI (& full text): doi.org/10.15240/tul/001/2025-5-021

Section: Economics

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Changing times, changing drives: Entrepreneurial motivation across generations

Dominik Salat, Jarmila Duhacek Sebestova

Entrepreneurs from generation to generation play a significant role in the business environment. Understanding this issue, especially by policymakers, is crucial for development. Misunderstanding or lack of interest often leads to inaction or incorrect decisions, creating barriers for current and potential entrepreneurs. Each generation evolves in its own era, and over time, each will fade and be replaced by a new, undefined generation. Policymakers would be interested in understanding these…

DOI (& full text): doi.org/10.15240/tul/001/2025-5-025

Section: Business Administration and Management

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Explainable credit risk modeling with hybrid tabular deep learning and adaptive feature routing

R. John Martin, Ahmad Khawaji, S. Sujatha

Well defined and transparent credit risk evaluation continues to be a fundamental issue in financial decision-making, particularly when dealing with intricate borrower profiles in the forms of organized tabular data. While traditional machine learning models often lack interpretability for predictive accuracy, recent deep learning approaches struggle to generalize across such data formats. We propose an innovative hybrid Tabular Deep Learning system that combines feature tokenizer transformer …

DOI (& full text): doi.org/10.15240/tul/001/2026-5-005

Section: Finance

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The organizational innovation climate on affecting individuals’ innovative work behavior: The roles of knowledge sharing and creative self-efficacy

Yu Li, Yang Chen, Changfeng Wang

Technological advancement promotes social changes and brings both opportunities and challenges to organizations. For high-tech enterprises in great demand of innovation and knowledge management, exploring what factors affect employees’ innovative work behavior becomes emergent. This study investigates the impact of organizational innovation climate on employees’ innovative work behavior, with knowledge sharing and creative self-efficacy as mediators. The structural model was tested using sample…

DOI (& full text): doi.org/10.15240/tul/001/2026-5-001

Section: Business Administration and Management

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Reporting practices in Romania: Propelling corporate sustainability forward through firm performance

Dorina Nita, Lia Alexandra Baltador, Codruta Cornelia Dura, Elias Appiah-Kubi

In the context of growing global emphasis on sustainable business practices, understanding the financial drivers of corporate sustainability has become increasingly important. This study examines key financial and market indicators to understand their influence on corporate sustainability disclosure. Focusing on Romanian companies, it investigates how market share, financial ratings, probability of insolvency, and market value shape sustainability outcomes. The dataset was sourced from Azores…

DOI (& full text): doi.org/10.15240/tul/001/2026-5-002

Section: Business Administration and Management

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Strategic intangibles in small family firms: The mediating role of innovativeness in resource-constrained environments

Syed Amjad Hussain, Salman Iqbal, Vladimir Bures, Abdul Waheed, Alzbeta Docekalova, Marek Zanker

This study addresses a critical gap in the literature by examining how family-based brand identity and entrepreneurial orientation (specifically, proactiveness and risk taking) influence the performance of small family firms operating in emerging markets. Grounded in the resource-based view (RBV), these constructs are conceptualized as strategic intangible resources that underpin competitive advantage. A cross-sectional survey of 460 privately held small family firms in Pakistan was conducted,…

DOI (& full text): doi.org/10.15240/tul/001/2026-2-009

Section: Business Administration and Management

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Using an AHP-GIS based framework to develop a resilient and competitive logistics network: A study of container yard location covering multimodal railway links in Northeastern Thailand

Prin Weerapong, Jakub Dyntar

This study examines the optimal location for container yard development in Northeastern Thailand to enhance multimodal transport connectivity and strengthen national competitiveness in regional and global trade. Utilizing the analytic hierarchy process (AHP) and geographic information system (GIS), the study evaluated 18 railway stations based on five key factors: logistics suitability (13.5%), infrastructure readiness (14.6%), government support (22.5%), railway network capabilities (16.9%),…

DOI (& full text): doi.org/10.15240/tul/001/2026-2-011

Section: Business Administration and Management

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Forecasting major currency exchange rates using long short-term memory networks: Evidence from multi-currency time series analysis

Shahryar Ghorbani, Figen Yildirim, Ali Altug Bicer, Reza Rostamzadeh, Jonas Saparauskas

Exchange-rate dynamics are non-linear and volatile, which challenges conventional forecasting approaches. This study evaluates a reproducible long short-term memory (LSTM) framework for daily EUR/USD, GBP/USD, USD/TRY, and USD/JPY over 1 January 2010 to 31 December 2021. The contribution is twofold: (i) a fully specified and deployment-oriented LSTM protocol (architecture, preprocessing, and leakage-safe validation) suitable for applied forecasting; and (ii) a time-series-appropriate evaluation…

DOI (& full text): doi.org/10.15240/tul/001/2026-2-014

Section: Finance

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Do investors really care about sustainability? Evidence from European companies on the relationship between ESG performance and stock liquidity

Sebnem Yasar, Hakan Ozkaya

This study examines the impact of corporate environmental, social and governance (ESG) performance on capital market efficiency, namely stock liquidity. Drawing on a dataset of 1,693 publicly traded firms across 23 European stock exchanges between 2002 and 2022, we investigate whether companies with stronger ESG credentials benefit from more liquid equity markets. Our results provide strong evidence that ESG performance has a significant positive effect on stock liquidity. This suggests that a…

DOI (& full text): doi.org/10.15240/tul/001/2026-2-012

Section: Business Administration and Management

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Can city “Gold Signboards” enhance sustainable tourism development? Quasi-experimental evidence from National Civilized City selection

Xin Zhao, Kunjian Zhao, Xue Lei

City branding strategies have become increasingly prevalent in global competition, yet empirical evidence regarding their actual effects on sustainable tourism development and underlying pathways remains limited. This study examines the impact of National Civilized City designation on sustainable tourism development using panel data from 281 Chinese cities spanning 2002–2022 and employing a staggered difference-in-differences approach. Multiple robustness tests confirm the reliability of the…

DOI (& full text): doi.org/10.15240/tul/001/2026-2-015

Section: Marketing and Trade

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Explaining cross-country differences in firms’ innovation outcomes: The role of corruption, labor regulation, productivity and gender in the EU-27

Nikola Soukupova, Anna Nemcova

Innovation outcomes are shaped by both institutional conditions and firms’ internal capabilities, yet prior research often examines these dimensions separately and rarely distinguishes between different types of innovation. This limits understanding of how external barriers and organizational resources jointly influence incremental versus market-novel innovation. To address this gap, the aim of this paper is to examine how institutional constraints, specifically perceived corruption and…

DOI (& full text): doi.org/10.15240/tul/001/2026-2-010

Section: Business Administration and Management

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Green innovation and firm performance in China: Empirical insights from A-share listed manufacturers

Ganglong Wu, Syed Ahmed Salman, Baoting Huang, Tengkun Wang

As environmental challenges intensify globally, green innovation has become a strategic imperative for firms seeking to balance ecological responsibility with sustained competitiveness. We examine whether green innovation improves firm performance in China’s manufacturing sector. Using panel data on 1,033 A-share manufacturers (2014–2023; 10,330 firm-years), we estimate two-way fixed-effects models (firm and year fixed effects (FE)) with cluster-robust standard errors (SE). Green innovation is…

DOI (& full text): doi.org/10.15240/tul/001/2026-2-008

Section: Business Administration and Management

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Exploring the relationship between spatial factors and poverty in Indonesia based on macroeconomics: A look at Java Island

Thomas Ola Langoday

Poverty is not only a problem within a region but also a problem that affects multiple regions. The current efforts to alleviate poverty have primarily focused on the household and community level, often neglecting the crucial role that spatial dimensions play in understanding poverty dynamics. The theory of the vicious circle of poverty still needs attention from the whole community and the government, because Indonesia is committed to alleviating poverty. This study examines the significance…

DOI (& full text): doi.org/10.15240/tul/001/2026-2-003

Section: Economics

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Profitability index in the accommodation services sector in Slovakia

Jana Spirkova, Miroslava Vinczeova

Considering evolving market dynamics, high fixed costs and vulnerability to external shocks, such as the impact of the ongoing global pandemic, it has become increasingly important to assess profitability in the accommodation sector. This study proposes a composite profitability index for accommodation services in Slovakia, which integrates traditional financial indicators such as return on equity (ROE), return on assets (ROA) and return on sales (ROS), as well as broader indicators such as the…

DOI (& full text): doi.org/10.15240/tul/001/2026-2-007

Section: Business Administration and Management

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Sickness presenteeism in remote work: Insights from a systematic review

Katarzyna Wozniak-Jasinska

The increase in remote work, driven by the COVID-19 pandemic and technological advancements, has introduced numerous challenges for both employees and employers, including those related to health-related behaviors such as presenteeism. The aim of this paper is to identify the main determinants and reasons for presenteeism in remote and hybrid work, as well as key methodological aspects in researching this phenomenon. The study also highlights research gaps in the current body of knowledge and…

DOI (& full text): doi.org/10.15240/tul/001/2026-2-002

Section: Economics

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