Abstract This research aims to contribute to the knowledge on the linkages between Sustainable Development Goals (SDGs), Twin Transition agenda (TT), and the entrepreneurship concept by exploring the SDG-orientation of digital sustainable entrepreneurship (DSE) research in accordance with bibliometric indicators. First, a bibliometric analysis was conducted on 39 articles, selected by PRISMA method from 229 retrieved publications on the Scopus database. Second, a conceptual content analysis was executed on full-text publications using keyword analysis to identify the SDG-orientation of DSE research. Findings suggest that, SDG3 (Good Health and Well-being) is the highest and SDG14 (Life below Water) is the least discussed goal by DSE research. Priori-tizing the environmentally related goals, DSE research also differs from the total SDG-related literature in terms of SDG-orientation. Further, stronger preference for qualitative approaches and higher emphasis on the digital social entrepreneurship concept is observed within DSE field. Moreover, majority of DSE publications are authored by European authors and sourced by European journals. Drawing on each bibliometric data, this paper represents (1) SDGs addressed by DSE research, (2) the number of DSE publications with SDG-specific keywords as an indicator to SDG-orientation, and (3) orientation across environmental, social and economic pillars. As one of the first analysis on SDG-orientation of DSE research, this study helps identify the evolution, research gaps and scholarly collaboration opportunities within the field of research.

Abstract This study examines the asymmetric spillover effects of monetary policy tightening in the United States and China on a small, dual-exposed emerging Vietnam economy. It investigates how changes in the Federal Reserve’s federal funds rate and the People’s Bank of China’s benchmark lending rate transmit through financial and trade channels to shape Vietnam’s macroeconomic outcomes. Using a Bayesian Vector Autoregressive model and quarterly data from 2005 to 2024, we estimate Vietnam’s macroeconomic responses to policy rate shocks originating from the Federal Reserve and the People’s Bank of China. Our results confirm that United States monetary tightening induces immediate but statistically insignificant depreciation of the Vietnamese dong and sharp, reversible portfolio outflows, with muted impacts on GDP and inflation due to effective State Bank of Vietnam interventions. In contrast, Chinese rate hikes generate significant short-term import-price pressures, raising CPI by as much as 1.7 % and prompting a stronger State Bank of Vietnam policy response. Neither source of external tightening yields lasting output effects, suggesting that Vietnam’s domestic policy framework effectively buffers adverse impulses. These findings underscore the imperative for monetary authorities to employ an integrated policy toolkit capable of distinguishing overlapping external shocks. This study contributes a unified empirical framework that disentangles simultaneous spillovers from the world’s two largest monetary powers, offering generalizable guidance for policy design in similarly dual-dependent emerging markets.

Abstract The purpose of this study is to analyze the relationship between digital innovative behaviour variables and employee performance, the relationship between job satisfaction variables and employee performance and analyze the relationship between workforce agility variables and employee performance. The strategy used in this study is associative. An associative strategy is a research strategy used to determine the relationship between two or more variables. The research method used in this study is a quantitative approach. In this study, a purposive sampling technique was used because the sampling was taken with certain considerations or criteria that must be met. The data collection method in this study was carried out by distributing online questionnaires through social media. The respondents in this study were 432 manufacturing managers in Indonesia. The scale used to measure is a scale with an interval of 1 - 5, from strongly disagree to strongly agree. In measuring respondent answers, filling out the questionnaire was measured using a Likert scale. The data collection technique in this study used a questionnaire by providing several written statements addressed to the respondents and then answered. Structural equation modelling which is often called Partial Squares Structural Equation Modeling (PLS-SEM) with SmartPLS version 3.0. The results of this study show that innovative supply chain behaviour has a positive and significant relationship to performance, Job satisfaction has a significant positive influence on employee performance, and workforce agility has a significant positive influence on employee performance.

Abstract Amid intensifying environmental concerns, sustainability has emerged as a strategic priority within the global energy industry, compelling organisations to adopt environmentally responsible practices. This study investigates the influence of green behaviour on organisational environmental performance, with a focus on the mediating roles of green training programs and green compensation practices in Vietnam’s energy sector. Using a quantitative research design, data were collected from 826 employees in energy-related enterprises and analysed through Partial Least Squares Structural Equation Modelling. The findings confirm that green behaviour has a significant positive impact on environmental performance. Both green training and green compensation were found to exhibit partial mediation in the relationship between green behaviour and organisational environmental performance. These results contribute to the growing body of knowledge on sustainability-oriented human resource practices and offer practical insights for organisations seeking to improve environmental outcomes through employee-focused interventions.

Abstract The aim of this article is to determine whether increases in private and public indebtedness affect capital misallocation, which is measured as the dispersion in capital returns across firms in different industries. This aim is achieved by using a dataset containing industry-level data for 18 European countries and controlling for macroeconomic indicators representing potential determinants of capital misallocation. The within-country variation across industries regarding indicators such as external finance dependence, technological intensity, credit constraints and competitive structure is used to find that private debt accumulation disproportionately increases capital misallocation in industries with higher financial dependence, higher R&D intensity, a larger share of credit-constrained firms and a lower level of competition. On the other hand, there are no significant and robust effects of public debt on capital misallocation found within the country–sector pairs in the sample.

The opening of country borders, driven by globalization, has significantly increased competition among companies in the tourism and hospitality sectors. As a result, the topic of competitiveness has become increasingly important within the tourism industry. This article examines the concept of competitiveness as an economic category, addressing both national and organizational levels, with a particular focus on the hotel services sector. The author presents a well-reasoned definition of hotel service competitiveness and supports this perspective. Special emphasis is placed on the competitiveness of tourist destinations and the broader hotel service industry. The author contends that a key approach to identifying competitive advantages is to connect the assessment of service competitiveness with consumer satisfaction in the market. This approach is particularly pertinent when considering the essential characteristics and attributes that define the hotel industry service market. Additionally, the article analyzes the economic indicators related to the global and Georgian tourism and hospitality sectors, including the hotel industry, covering the period from 2019 to 2024. Relevant conclusions have been drawn. Keywords: competitiveness, tourism and hospitality industry, hotel service industry, hotel service market.

In the modern business environment, financial reporting has proven to be one of the main communication tools, typically combining the financial position and performance of companies. In terms of sustainability, unlike foreign companies, Georgian companies, with a few exceptions, do not yet pay much attention to disclosing sustainable development indicators in their financial or management reports. However, the introduction of new European international sustainability standards in Georgia will already contribute to the development of this practice. From a tax perspective, the introduction of sustainability reporting standards will likely gradually create the prerequisites for implementing relevant tax changes. In summary, financial reporting, as a systematic and complex business tool, requires both standardization and industry-specific flexibility. Large companies, which contribute a large part of their revenues to the development of the country's economy, are recommended to collectively and comprehensively consider not only the requirements of internationally recognized financial reporting standards (IFRS), but also the requirements of sustainability standards (ESRS 1, 2), other environmental issues based on industry specifics, which will further enhance their corporate responsibility. Keywords: Finances, Financial Statements, Sustainability, Taxes, Green Finances, IFRS, ESRS, corporate social responsibility.

Abstract This study investigates the impact of trade openness and specialization on sectoral Total Factor Productivity (TFP) in Morocco from 1998 to 2018, shedding light on the intricate dynamics of the trade-productivity nexus. By adopting a sectoral-level approach, it addresses the limitations of macroeconomic analyses and provides a more granular understanding of trade’s effects, filling a critical research gap for Morocco. While theory suggests that trade openness could enhance long-term TFP, Morocco’s structural constraints result in mixed short-term effects, benefiting developed sectors while challenging others. The findings reveal a negative long-term impact on TFP, driven by structural inertia, weak sectoral linkages, reliance on high-tech imports rather than domestic innovation, and limited technological spillovers. However, in the short term, specialization, as measured by revealed comparative advantage, has a modest positive effect on TFP growth across most sectors, except for the food sector. The effects of inter- and intra-sectoral specialization are mixed: while it enhances TFP in sectors like Telecommunications, Agriculture, and Utilities, it negatively affects sectors such as Commerce, Logistics, and Other Manufacturing. Trade intensity boosts TFP in Other Services, Commerce, and Chemicals but hampers other sectors. While human capital enhances TFP in the short term, machinery and equipment investment drives sustained growth. These findings underscore the need for structural reforms in Morocco to strengthen human capital, optimize resource allocation, and channel investments into high-potential sectors. Moreover, targeted sectoral policies that enhance competitiveness and leverage intersectoral linkages are crucial for maximizing the gains from trade liberalization and fostering sustainable productivity growth in Morocco.

Abstract This study examines how vertical and horizontal pay disparities influence corporate innovation in publicly listed Indonesian firms from 2018 to 2022. Using a dataset of 1,505 firm-year observations, we apply Social Comparison Theory to analyze how perceived compensation inequalities impact innovation performance, measured by patent filings and citations. To ensure robustness, we employ Ordinary Least Squares (OLS), Two-Stage Least Squares (2SLS), Propensity Score Matching (PSM), Difference-in-Differences (DID), Entropy Balancing, and Tobit Regression. The results indicate that vertical pay disparity (CV_MT-RDP) positively affects patent quantity but negatively impacts patent quality, implying that larger managerial pay gaps encourage more patents but may not enhance their impact. Conversely, horizontal pay disparity (CV_RDP-OE) consistently reduces both patent output and citation impact, demonstrating that excessive pay differences across departments undermine cross-functional collaboration and innovation efficiency. Further, state-owned enterprises (SOEs) experience stronger negative effects of pay disparities on innovation than private firms, reinforcing the role of fairness concerns in shaping employee motivation. These findings suggest that firms should strategically design compensation policies to balance tournament incentives and pay equity to sustain long-term innovation performance.

Abstract This research investigates Business Intelligence Systems (BIS) contribution to improved Organizational Performance (OP) in the Information and Communications Technology (ICT) industry of Jordan with an emphasis on the mediating effect of competitive advantage. BIS facilitates identifying weaknesses and strengths in operations, facilitates wise decision-making, assists in framing efficient business strategies, and consequently contributes to improved performance. Data for the study were gathered from a questionnaire distributed to 143 ICT firms in Jordan, and Partial Least Squares (PLS) analysis was employed to investigate the interrelationship between BIS, competitive advantage, and OP. The results show that competitive advantage completely mediates the relationship between BIS and OP, i.e., the adoption of BIS is required but does not directly affect enhanced performance. Organizations need to develop a good competitive edge and maintain effective coordination among BI specialists, managers, and cross-functional teams to realize the advantages of BIS effectively. Organizations can make strategic decisions, respond to market dynamics, and surpass competitors accordingly. This study provides useful insights for ICT companies in Jordan—and indeed the broader Middle East—on how BIS can solve performance issues, improve decision-making, and achieve a competitive advantage in an ever-evolving market.