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This study aims to examine the environmental dynamics in the Union for Mediterranean (UFM) countries by considering education, urbanization, green innovation, and other key factors for the period 2001–2016. The data are divided based on the income level of UFM countries and analyzed with panel quantile regression, panel unit root tests, panel co-integration test, ordinary least squares method, and fixed effects model to evaluate the nexus between variables. A generalized method of moments (GMM) is employed to deal with the endogeneity issue in the panel data. The results of the study confirm that the urban population has an inverted U-shaped association with environmental degradation in the lower-middle and high-middle income countries. It further comes out that increased education levels decrease environmental degradation in the high-income countries. Hence, green innovation reduces environmental degradation in the upper-middle-income and high-middle-income countries. The study validates an inverted U-shaped relationship between GDP and environmental degradation in all income-based groups of countries, which supports the Environmental Kuznets Curve (EKC) hypothesis. [ABSTRACT FROM AUTHOR]

The issue of global warming is becoming more prominent with passage of time, prompting authorities to take action against it. In this context, first, this study focuses on studying the role of the board sustainable committee for corporate social responsibility. Second, this study considers the importance of gender diversity for corporate social responsibility as a moderating factor between board sustainable committee and corporate social responsibility. Third, this study highlights the significance of ownership concentration for improving the corporate social responsibility. Lastly, this study uses the role of ownership concentration as a moderating factor in the association between board sustainable committees and corporate social responsibility. This study uses panel data of 297 Chinese manufacturing firms (2970 observations) for the period 2010–2019, and employs different dynamic panel regression models and robustness test. This study concludes following: first, the board sustainable committee has significance for improving the corporate social responsibility. Second, gender diversity helps to improve the corporate social responsibility. Third, gender diversity helps to enhance the linkage between the board sustainable committee and corporate social responsibility. Fourth, ownership concentration positively affects corporate social responsibility. Fifth, ownership concentration is beneficial to the board sustainable committee and corporate social responsibility. These findings contribute to the literature by providing guidance to the policymakers and regulatory organizations for achieving the sustainable development. • The improvement of CSR via board sustainable committee with effect ofgender diversity and ownership concentration. • This study uses fixed effect, generalized method of moment, and the feasible generalized least square. • Board sustainable committee, gender diversity, and ownership concentration found to be beneficial for CSR. • Gender diversity and ownership concentration positively moderates the connection amid BSC and CSR. [ABSTRACT FROM AUTHOR]

Although empirical studies of the link between foreign direct investment, foreign portfolio investment, and economic development have long influenced economic studies, the results have been inconclusive. Focusing on ten countries, this study contributes to our understanding of foreign investment as a determinant of regional economic performance. More specifically, this study seeks to analyze the short- and long-term relationship between foreign direct investment, foreign portfolio investment, and Gross Domestic Product (GDP) in ten ASEAN member states using data from the 2009–2020 period. For this examination, this study employs a cross-sectional dependency test, followed by panel unit root and panel cointegration testing. From the results of this test, Dumitrescu–Hurlin Panel Causality (DHPC) analysis is conducted. These results show that FDI and GDP have a positive bilateral association, i.e., FDI positively affects GDP and GDP positively affects FDI, as presumed by the theory. Testing also finds bilateral causality between FPI and GDP in the ten analyzed nations. This study contributes to the literature by testing the association between FDI/FPI and GDP using fully modified least squares (FMOLS) and dynamic least squares (DMOLS) panel testing. These results show that FPI and FDI have significantly influenced GDP in ten ASEAN member states. Foreign investment has thus been shown to be the most potent means of accelerating economic development in the studied nations, and thus the governments of these ASEAN member states should formulate policies that attract foreign investors and better direct their investments. [ABSTRACT FROM AUTHOR]

Organizations are formed to gain long-term benefits. However, sometimes myopic management for feigned value enhancement led to the early demise of the firm. Further, to the best of our knowledge empirical role of financing constraints has not yet been explored between the relationship of leverage and earnings management practices. Therefore, the present study aims to empirically examine the impact of leverage on Real Earnings Management (REM) practices and how financing constraints influence this association. Employs a panel dataset of 3250 non-financial Chinese listed firms for a time period spanning from 2009 to 2018. Leverage is categorized into short-term, long-term, and total leverage to check the individual effects of each leverage category on REM practices. The data were analyzed through panel data fixed-effects and random-effects techniques as an econometric approach. First, consistent with positive accounting theory, the impact of total leverage on REM is positive. Second, compared to the long-term leverage, short-term leverage has more pronounced effects on managers' opportunistic behavior towards using REM. Third, the influence of total leverage is higher (lower) on REM practices in financially unconstrained (constrained) firms. Fourth, the influence of short-term leverage on REM practices compared to long-term leverage is also weak in the financially constrained firms. These findings imply that, to avoid the consequences of managerial myopia, investors should abstain to invest in the firms that use higher amount of short-term debt and are financially unconstrained. This study is the first research to examine the impact of different leverage categories on REM practices in an emerging market, i.e., China, where the legal and financial structure is much poor. [ABSTRACT FROM AUTHOR]