Search Results (163)

This study examines on the association between the accountability and economic performance of Portuguese hospital entities after the entry into force of the new Public Accounting Standards, taking into account stakeholder theory, legitimacy theory, and institutional theory. Furthermore, we investigate whether accountability, underlying procurement, and other entity operations act differently in public and private hospitals. For this purpose, we collected data for 56 Portuguese hospital entities in the period from 2018 to 2022. We conducted a quantitative analysis, testing the hypotheses using econometric regressions estimated with panel data. The results show a reduction in the return on assets for both sectors. Our evidence suggests that being a public hospital entity harms economic performance. In this sector, size and gender positively affect economic performance. Still, the level of provisions negatively affects it. In contrast, in private hospital entities, the determinants of their economic performance are the number of directors (with a negative impact) and provisions (with a positive one). These results show that when hospital entities are committed to governance structures and social responsibility, or environmental, social, and governance (ESG) factors underlying sustainability strategies, they can enhance their performance. This article contributes by collecting evidence on the effect of accountability on the performance of public hospital entities, the features of which tend to be different from those of private hospital entities. Full article

In recent years, traditional villages have vigorously developed as a phenomenon of the cultural tourism industry. In order to cope with the rapid development of the industry and changes in market demand, cultural tourism spaces urgently need to improve in quality, highlight cultural characteristics, and enhance cultural expressions. In the current tourism evaluation system, although it covers many dimensions such as environmental evaluation, sustainability evaluation, farmers’ participation, and adaptability evaluation, there is relatively little evaluation of the key element of spatial quality. Based on scene theory, this paper establishes a traditional village cultural tourism space quality evaluation system with the three main dimensions of authenticity, theatricality, and legitimacy, and fifteen sub-dimensions by drawing on the relevant theories of cultural tourism space evaluation. Then, the evaluation system is applied to three traditional villages in the suburbs of Beijing, China, for practice and verification. The study concludes that the authenticity of traditional villages is the core source of competitiveness of the cultural tourism industry; the excavation of non-heritage values should be strengthened; the spatial theatricality should be innovatively designed and planned to enhance the cultural experience; and legitimacy needs to be combined with renovation and operation to establish a mechanism for consultation and promote sustainable development. This paper hopes to enhance the scene benefit of traditional village cultural tourism spaces through the scene-theory-oriented space quality evaluation system, and deepen the understanding of rural space so as to provide relevant designers with more comprehensive design ideas to guide actual rural cultural tourism space design. At the same time, this article puts forward proposals such as strengthening the protection of intangible cultural heritage, innovating spatial experiences, and building a mechanism for consultation. The purpose is to accurately guide the optimisation of traditional village cultural tourism spaces, promote the improvement in spatial quality and the sustainable development of the cultural tourism industry, and contribute to rural revitalisation and cultural heritage. Full article

This study delves into the creative protest tactics of Belarusian activists in 2011, highlighting their use of “sound bodies” created through clapping to challenge authoritarian constraints. The research posits that these ethereal sound bodies exert significant normative pressure on the regime by challenging the regime’s legitimacy. By analyzing the clapping protests as civil disobedience, this study illustrates the effectiveness of this non-visual form of protest in compelling the authoritarian regime to address the collective call for change. Through this lens, this paper contributes a nuanced understanding of how decentralized protest strategies, particularly those leveraging sound, can serve as potent mechanisms for challenging oppressive governance in a digitally connected global landscape. This essay thus intervenes into the realms of argumentation theory and sound studies. Full article

This study investigates the impact of artificial intelligence (AI) on financial inclusion satisfaction and recommendation, with a focus on the ethical dimensions and perceived algorithmic fairness. Drawing upon organizational justice theory and the heuristic–systematic model, we examine how algorithm transparency, accountability, and legitimacy influence users’ perceptions of fairness and, subsequently, their satisfaction with and likelihood to recommend AI-driven financial inclusion services. Through a survey-based quantitative analysis of 675 users in China, our results reveal that perceived algorithmic fairness acts as a significant mediating factor between the ethical attributes of AI systems and the user responses. Specifically, higher levels of transparency, accountability, and legitimacy enhance users’ perceptions of fairness, which, in turn, significantly increases both their satisfaction with AI-facilitated financial inclusion services and their likelihood to recommend them. This research contributes to the literature on AI ethics by empirically demonstrating the critical role of transparent, accountable, and legitimate AI practices in fostering positive user outcomes. Moreover, it addresses a significant gap in the understanding of the ethical implications of AI in financial inclusion contexts, offering valuable insights for both researchers and practitioners in this rapidly evolving field. Full article

Due to growing public concern over environmental preservation and the growing development of Internet information communication platforms, media coverage of corporate environmental issues can exert certain environmental public opinion pressure (EPOP) on enterprises and influence their behaviors. However, the current study of EPOP on the influence mechanism of corporate green innovation (CGI) has not yet formed a systematic and comprehensive theoretical analysis framework. Therefore, based on legitimacy theory and stakeholder theory, this paper explores the impact mechanism and role boundary between EPOP and CGI based on the data from 328 valid questionnaires of construction enterprises of the Chengdu–Chongqing Dual City Economic Circle using hierarchical regression analysis. The findings of the research indicate that EPOP can affect construction company green innovations positively, green corporate image (GCI) plays a partial mediating effect in the relationship between EPOP on CGI; market competition (MC) negatively moderates the relationship between EPOP and CGI, in addition, MC negatively regulates the intermediary effect of GCI in the relationship between EPOP and CGI. The findings of the study serve as theoretical support and decision-making reference to promote Chinese construction enterprise’s transition to green innovation and improve environmental governance level. Full article

This research examines the effect of ESG disclosure on the cost of capital for non-financial firms in the UK, indexed by the FTSE All-Share Index, during the period from 2014 to 2018. Using multivariate analysis with ordinary least squares (OLS), fixed effects, robust regression, and Tobit models, this research assesses the effect of ESG reporting, governance, and the cost of capital, including robustness checks using an alternative ESG indicator, the environmental pillar score. Contrary to expectations, ESG reporting is positively associated with the cost of capital. However, corporate governance moderates this relationship, weakening the positive correlation and reversing it to a negative association for firms with strong governance practices, consistent with the hypotheses. This research also finds that firm size, liquidity, profitability, and leverage, positively affect the cost of capital, while board size, independent board composition, audit committee independence, and auditor type do not significantly influence it. Notably, non-executive directors on the audit committee have a significant negative effect on the cost of capital. These findings are valuable for investors, companies, regulators, auditors, policymakers, and the academic and research community. Specifically, for investors, this study provides insights into how ESG disclosures can influence investment risks and returns, highlighting the importance of robust corporate governance. Companies can leverage these insights to enhance their governance practices and optimize their capital costs. Regulators and policymakers can use the findings to develop guidelines that encourage transparent ESG reporting and strong governance frameworks, thereby improving market stability and investor confidence. Auditors can utilize the results to better understand the effect of non-financial reporting on financial metrics, helping to provide more accurate audits and assessments. These findings inform investors, companies, regulators, auditors, and academia, in fostering a more sustainable and transparent financial environment. Full article

The concept of policy entrepreneurs has gained increasing attention in studies of policy change, including climate policy and governance. It foregrounds the role of agency in understanding policy change. However, agency of policy entrepreneurs in the policy process is political and conceals the power that shapes how public problems and policies are framed and defined. Thus, policy entrepreneurs should be confronted with the challenge of generating legitimacy, accountability, and justice in their actions and the implementation of their targeted policy change. Drawing on political–philosophical theories of liberal and deliberative democracy as well as environmental and ecological democracy this paper outlines a conceptual framework for critical analytical as well as normative research on strategies and impacts of policy entrepreneurs on democratic governance, primarily in climate policy but also more generally. Empirical research on the strategies and impacts of policy entrepreneurs in recent policymaking on climate change mitigation in the EU and Sweden identifies several deficits related to the democratic principles of legitimacy, accountability, and justice. It is found that policy entrepreneurs from different social spheres use cultural–institutional entrepreneurship to influence beliefs and perceptions on problems and policies. In addition, it is found that public sector policy entrepreneurs use structural entrepreneurship on ideological grounds to change existing power relations in climate governance. In all, the paper brings ideology and politics into research on policy entrepreneurs. It is suggested that not only the strategies used, but also the ideologies of the actors that use them, are decisive for the impacts of policy entrepreneurs, and thus, whether their advocacy will adhere to democratic norms and facilitate or hamper a just transition to climate neutrality and sustainability. The paper ends with proposals on how policy entrepreneurs can act more democratically, how to deal with populist policy entrepreneurs wanting to erode democracy, and conditions for climate justice movements to take responsibility and act in a more entrepreneurial way. Full article

Chatbots are computer programs that mimic human conversation using text or voice or both. Users’ acceptance of chatbots is highly influenced by their persona. Users develop a sense of familiarity with chatbots as they use them, so they become more approachable, and this encourages them to interact with the chatbots more readily by fostering favorable opinions of the technology. In this study, we examine the moderating effects of persona traits on students’ acceptance and use of chatbot technology at higher educational institutions in the UK. We use an Extended Unified Theory of Acceptance and Use of Technology (Extended UTAUT2). Through a self-administrated survey using a questionnaire, data were collected from 431 undergraduate and postgraduate computer science students. This study employed a Likert scale to measure the variables associated with chatbot acceptance. To evaluate the gathered data, Structural Equation Modelling (SEM) coupled with multi-group analysis (MGA) using SmartPLS3 were used. The estimated Cronbach’s alpha highlighted the accuracy and legitimacy of the findings. The results showed that the emerging factors that influence students’ adoption and use of chatbot technology were habit, effort expectancy, and performance expectancy. Additionally, it was discovered that the Extended UTAUT2 model did not require grades or educational level to moderate the correlations. These results are important for improving user experience and they have implications for academics, researchers, and organizations, especially in the context of native chatbots. Full article

Amidst ongoing global economic and environmental crises, the concept of legitimacy has gained paramount importance for firms, which must not only survive but also maintain their legitimacy through comprehensive disclosures. This study investigates the mediating role of corporate governance in shaping firm performance and voluntary disclosure, emphasizing sustainability implications. Analyzing 82 firms across various sectors in Turkey from 2010 to 2020, the research reveals no direct relationship between corporate governance and equity. However, it identifies a partial mediation effect of corporate governance on the disclosure of general, strategic, and forward-looking financial information related to net profit. Critically, our findings demonstrate that corporate governance fully mediates the relationship between net profit and the disclosure of social and board information, with the magnitude of this indirect effect being complete. This underscores the fact that robust corporate governance enhances transparency in social and environmental reporting, thereby supporting firms in their efforts to align with sustainable business practices and stakeholder expectations. These results highlight the crucial role of effective governance in ensuring comprehensive disclosures that support the sustainability goals of modern enterprises. Full article

Amidst today’s globalized economy, embedding sustainable practices into corporate governance frameworks has become important. This era underscores a heightened focus on CSR and sustainability, drawing considerable scholarly and practical interest to the nexus of corporate governance, sustainability initiatives, and corporate labour rights (CLRs). Hence, this study investigates the relationship between corporate sustainability governance initiatives (CSGIs) and CLR practices in India. Despite regulatory efforts, issues such as modern slavery and low wages persist in the country. Drawing on legitimacy, agency, stakeholder, and resource dependency theories, this study examines how CSGIs influence CLR practices. Data from 1212 observations of top Indian listed companies between 2010 and 2021 indicate positive correlations between CSGI dimensions and CLR practices across industries and board CSR orientations. This research underscores the importance of CSGIs in promoting sustainable corporate practices and improving CLRs in emerging economies. It also aligns with the United Nations sustainable development goals (SDGs), particularly SDG 3, SDG 5, SDG 8, and SDG 10. By combining theoretical rigour with practical relevance, this study provides insights for businesses, policymakers, workers, investors, and CSR scholars, contributing to efforts to enhance CLRs in India and beyond. For instance, the study offers actionable guidance for businesses and policymakers aiming to improve CLR practices. It highlights the positive correlation between specific attributes of CSGIs and CLR practices, providing insights for corporate decision-making and emphasizing the importance of aligning operations with the UN’s sustainable development goals. The findings serve as critical decision-making tools for investors concerned with corporate sustainability governance and CLRs to identify ethically responsible companies and mitigate investment risks. Full article

Meeting the needs of stakeholders, as an element of CSR, requires a delicate balance of meeting these needs and ensuring profitability. Guided by the legitimacy theory and the stakeholder theory, this paper assesses the significance of meeting stakeholder needs and examines the types of stakeholders that managers pay close attention to. Using a fixed-effects model on 859 Chinese manufacturing firms and a regression analysis, the results show a positive link between corporate social responsibility (CSR) activities and organisational financial performance via both accounting and market measures in the Chinese manufacturing market. Furthermore, the primary objective of companies is to maximise shareholder returns while also meeting societal needs. The results also indicate that responsibility to shareholders and employees and growth potential have significant positive impacts on a company’s market value. This research demonstrates the need for companies to engage in CSR activities, as this can establish an elevated level of financial performance. Furthermore, attention needs to be paid to other stakeholders in corporate CSR activities to engage them and sustain their commitments towards an organisation’s productivity, growth, and sustainability. This is the first study to examine the power of influence from different stakeholders using legitimacy theory. Secondly, it is the first study to evaluate this influence using the Chinese manufacturing industry, which is, arguably, one of the largest in its field. Full article

This study proposes a research framework for media attention towards green innovation of manufacturing enterprises based on the theory of stakeholders and legitimacy. We examine the potential effect of media attention on the manufacturing industry and make a multidimensional heterogeneity analysis with a sample of Chinese manufacturing enterprises during 2011–2019. Our results show an inverted U-shaped relationship between various attentions of media and green innovation. We find that the early attention of the media can expand the green innovation ability of manufacturing enterprises. However, the excessive attention of the media later may decrease the green behavior of enterprises. The legitimacy pressure of media attention on enterprises helps enterprises carry out green innovation and reduce false green innovation activities. In addition, the sustainable construction, environmental regulations, and sustainable social atmosphere focused on by the media will have a positive effect on the green innovation of enterprises. We suggest that recognizing the importance and potential power of sustainable media, environmental regulations, and sustainable atmosphere in green technology is a key component of the ecological inclusive path to promote the achievement of sustainable development goals. Full article

This review aims to provide a comprehensive synthesis of the coverage of sustainability reporting (SR) aspects within the corpus of qualitative SR literature. It seeks to elucidate the theoretical and conceptual foundations that have guided the trajectory of the sustainability field and illuminate the qualitative methodologies used in this body of literature. Employing a systematic review methodology, this study undertakes an exhaustive examination of 242 selected empirical studies on sustainability reporting conducted during the period spanning from 2001 to 2022. The noteworthy contribution of this review to the realm of sustainability research lies in its identification of unexplored and underexplored domains that merit attention in forthcoming investigations. These include but are not limited to employee health and safety practices, product responsibility, and gender dynamics. While stakeholder theory and institutional theory have been dominant theories within the selected literature, the exploration of moral legitimacy remains largely underinvestigated. It is essential to underscore that this review exclusively encompasses qualitative studies, owing to the richness and versatility inherent in qualitative research methods. This deliberate selection enables researchers to employ diverse methodological and theoretical frameworks to gain a profound understanding of engagement within the practice of sustainability reporting. This review introduces an interesting approach by considering the thematic scope, as well as theoretical and methodological choices, observed across the selected studies. Full article

By focusing on Xunzi’s concept of the sage-king and the sage-king naming theory, a new interpretive perspective can be applied to Xunzi’s doctrine of the rectification of names. During the Warring States period, mainstream views among Confucian and Daoist scholars tended to interpret the sage-king as the bearer of Heaven or Dao. However, Xunzi follows the principle of the division between Heaven and humanity, asserting that the sage-king is entirely subordinate to the realm of humans, embodying the ideal order of Confucian community. In light of this concept of the sage-king, this paper aims to address two questions: first, where the legitimacy of the sage-king naming prerogative comes from, and second, how the sage-king, as the master-signifier, quilts all floating signifiers to ensure the publicity and normativity of names. Moral norms emerge from the sage-king’s projection of intentions and emotions onto external objects. Sage-king naming theory provides the prerequisite for the superassertibility of moral norms, limiting the potential arbitrariness and private interpretations of names and norms, which ensures the public and authoritative nature of the social discourse system, thereby endowing the sage-kings with legitimacy. As the quilting point and stopping point, the sage-king performs the totalization and prohibition by means of which the floating names and norms are fixed and become parts of the structured Confucian discourse of meaning. Full article

Given the complex interplay between economic and cultural–historical factors, this paper explores scene perception and its mechanism in individual and collective cognition of historical commercial streets. Based on a perception model constructed from scene theory, the study utilizes user scene experience feedback from Beijing Road, a commercial pedestrian street in Guangzhou. It conducts a systematic assessment using hierarchical analysis (AHP) across three dimensions: authenticity, theatricality, and legitimacy. The findings reveal the following: (1) according to visitors, traditional cuisine, cultural and creative arts, and Lingnan’s intangible cultural heritage received low ratings; (2) historical relics and traditional cuisine are dominant factors, highlighting public attention to cultural heritage, but the role of historical–cultural characteristics and festival activities is relatively marginalized; (3) cultural–historical relics and traditional cuisine are the leading factors that contribute to an authentic experience, while historical context and festival activities constitute secondary factors; (4) cultural landscapes and arts are central to theatrical experiences, with modern visual elements playing a lesser role; (5) diversified commercial formats and public services are the core factors influencing legitimacy experience, reflecting the role of market diversity and policy orientation in building consumer trust. The design of historical and cultural streets should prioritize the preferences of those experiencing them to promote cultural identity and historical continuity. Additionally, the synergy between commercial diversity and policy orientation should be strategically emphasized to form a business ecosystem supporting sustainable development. Future commercial street renewals should focus on the key role of visual narrative in shaping brand culture. This paper offers insights into the dynamic process of constructing scene experience from perspectives of spatial materialization and emotional empowerment to cultural identity, providing references for strategies in historical place renewal. Full article