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The risk effects of corporate digitalization: exacerbate or mitigate?
This study elaborates on the risk effects of corporate digital transformation (CDT). Using the ratio of added value of digital assets to total intangible assets as a measure of CDT, this study overall reveals an inverse relationship between CDT and revenue volatility, even after employing a range of technical techniques to address potential endogeneity. Heterogeneity analysis highlights that the firms with small size, high capital intensity, and high agency costs benefit more from CDT. It also reveals that advancing information infrastructure, intellectual property protection, and digital taxation enhances the effectiveness of CDT. Mechanism analysis uncovers that CDT not only enhances financial advantages such as bolstering core business and mitigating non-business risks but also fosters non-financial advantages like improving corporate governance and ESG performance. Further inquiries into the side effects of CDT and the dynamics of revenue volatility indicate that CDT might compromise cash flow availability. Excessive digital investments exacerbate operating risks. Importantly, the reduction in operating risk associated with CDT does not sacrifice the potential for enhanced company performance; rather, it appears to augment the value of real options.
Exploring corporate social responsibility practices in the telecommunications, broadcasting and courier sectors: a comparative industry analysis
This study aims to dissect and understand the Corporate Social Responsibility (CSR) endeavours of organisations within Malaysia’s telecommunications, broadcasting, postal and courier services sectors, particularly those holding licenses from the Malaysian Communications and Multimedia Commission (MCMC). These sectors were chosen for this study due to their crucial role in Malaysia’s economy and society, their notable environmental influence, the regulatory and public attention they receive as well as the distinct challenges and opportunities they face in implementing CSR. Employing a qualitative methodology, the study utilises a semi-structured interview protocol to gather rich, detailed insights from top management across eight listed and non-listed companies. This approach ensures a comprehensive exploration of CSR types, practices and their implementation within the target sectors. Purposive sampling was adopted to select informants with specific expertise, ensuring that the data collected was relevant and insightful. The findings of this study underscore that while telecommunications firms actively participate in Corporate Social Responsibility (CSR) initiatives, their efforts predominantly benefit the broader society, with less emphasis placed on shareholders. Additionally, it was observed that environmental issues receive relatively minimal attention from these organisations. This diversity highlights the necessity for a more equitable CSR approach that caters equally to the needs of all stakeholders, including the environment. Such a strategy is crucial for cultivating a sustainable and ethically sound business environment. The implications of this research are manifold. For companies, it emphasises the critical nature of adopting an all-encompassing CSR strategy that fosters competitive advantage while promoting sustainable development. The study advocates for a paradigm shift towards CSR practices that are not only philanthropic but also prioritise environmental stewardship and value creation.
Global food retail environments are increasingly dominated by large chains and linked to the rising prevalence of obesity
Retail food environments influence food purchasing and dietary patterns. A global analysis of the food retail landscape allowing comparisons across geographical regions is therefore needed to tackle diet-related non-communicable diseases. Here we examine trends in retail food environments from 2009 to 2023 across 97 countries, exploring associations with changes in obesity prevalence. Increases were observed in the density of chain outlets, grocery sales from chain retailers, unhealthy food sales per capita and digital grocery sales; non-chain outlet density and the ratio of non-chain to chain outlets declined over time. South Asia and low- and middle-income countries overall experienced the most rapid transformation. Changes in retail environments and the prevalence of obesity were found to be positively correlated. As retail environments become increasingly digital and dominated by large chains, important implications for diets and health should be expected, particularly in lower-income countries.
Feasibility of meeting future battery demand via domestic cell production in Europe
Batteries are critical to mitigate global warming, with battery electric vehicles as the backbone of low-carbon transport and the main driver of advances and demand for battery technology. However, the future demand and production of batteries remain uncertain, while the ambition to strengthen national capabilities and self-sufficiency is gaining momentum. In this study, leveraging probabilistic modelling, we assessed Europe’s capability to meet its future demand for high-energy batteries via domestic cell production. We found that demand in Europe is likely to exceed 1.0 TWh yr−1 by 2030 and thereby outpace domestic production, with production required to grow at highly ambitious growth rates of 31–68% yr−1. European production is very likely to cover at least 50–60% of the domestic demand by 2030, while 90% self-sufficiency seems feasible but far from certain. Thus, domestic production shortfalls are more likely than not. To support Europe’s battery prospects, stakeholders must accelerate the materialization of production capacities and reckon with demand growth post-2030, with reliable industrial policies supporting Europe’s competitiveness.
US-China tech decoupling increases willingness to share personal data in China
Conflicts involving tech companies and data privacy between the US and China have evolved into a technology decoupling between the two countries. Nationalistic sentiments have been on the rise in both countries as well. This study examines how the rising geo-technological race and conflict affect people’s perception of data privacy. In particular, we examine whether reminding Chinese internet users of the US-China technological decoupling influences their willingness to share personal data. We conduct a randomized online experiment where we remind people of the US–China technology competition in artificial intelligence or the US sanctions on Chinese tech companies and examine the impact on respondents’ willingness to share personal data with private companies, the central government and local government. We find that the US-China tech decoupling treatments increase people’s willingness to share their data with private companies. Exploring the heterogeneous treatment effects by gender and education level reveals that nationalism is likely the mediating factor that explains why some people, especially, males and the college educated, are more likely to increase their willingness to share personal data when exposed to these treatments. Moreover, the US-China tech decoupling treatments directly increase people’s perception that data is a key input for Chinese company competitiveness in AI development. In sum, we find that reminding people of the US-China tech decoupling can invoke nationalistic sentiment and increase people’s willingness to share data with private companies and the government in China. The randomized control trial was pre-registered on the AEA RCT Registry (AEARCTR-0007526). The public URL of https://www.socialscienceregistry.org/trials/7526 and the digital object identifier (DOI) is 10.1257/rct.7526-1.0.
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