Mergers and Acquisitions Antecedents in BRICS Opoku-Mensah, Evans; Yin, Yuming; Sandra, Asantewaa Ampofo ...
Global journal of emerging market economies,
09/2019, Letnik:
11, Številka:
3
Journal Article
This study proposes merger and acquisitions (M&A) antecedents’ model using observations from BRICS countries. It is expected that BRICS countries will remain a hotbed of M&A activity in the future ...and hence by analyzing BRICS research, we seek to provide a deeper insight into the current state of research, outline new insight, and propose future directions. Using a systematic literature review (SLR) method, we found that antecedents including top leadership role, self-interest of managers, targeted firm’s characteristics, and the dyadic relationship between M&A partners have been limited in BRICS research. We also found that less attention has been devoted to analyzing the antecedents of M&A in countries, such as Russia, Brazil, and South Africa. We construct M&A antecedent’s model with these findings.
The Shanghai Cooperation Organizations (SCO) nations are suffering from hydro-climatic threats and permafrost thaw, with issues related to floods upsurging. Existing studies on the SCO have mainly ...focused on ethnic separatism and the fight against regional terrorism. Recently,the need for structural adjustment in economic activities and ISO 14001 certification has gained attention among academicians yet no study has examined their nonlinear effects on ecological footprint. Using data from 2003 to 2019 and the Fully Modified OLS focusing on the eight permanent SCO nations, this study tests the environmental Kuznets Curve (EKC) validity and investigates the linear and nonlinear effects of structural change and ISO 14001 certification on ecological footprint. The empirical results confirm the EKC hypothesis. Next, enough evidence has been found that the nature of current structural reform is inadequate to improve their environmental quality, and a shift from short-term, sector-specific reforms to longer-term, holistic solutions will improve SCO environmental quality by 0.092%. Finally, doubling ISO 14001 certifications will improve the environmental quality by 0.008%. As recommendations, policymakers in developing economies should adopt the EKC postulate as the theoretical basis for policies favouring economic growth. Also, to encourage ISO 14001 implementation, there should be awareness creation about its benefits through workshops and conferences, and governments should provide financial incentives to encourage firms to implement the policy.
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•The effects of GDP, structural change, and ISO 14001 is analyzed.•The EKC is valid for SCO countries.•Long-term structural reforms will reduce footprint.•Increasing ISO 14001 certifications will improve the environmental quality by 0.008%.
The African Continental Free Trade Area (AfCFTA) agreement is expected to boost continental trade volume, but the effects of the expected increase in trade volumes on carbon dioxide(CO2) emissions ...has not been explored. In addition, although attempts are being made towards providing a reliable CO2 forecasting and mitigation values, existing mitigation pathways have been found to be illusory, misleading, and largely irrelevant due to their inability to inculcate observed volatilities in the core modeling. This study considers 25 countries that have ratified the AfCFTA agreement investigates their CO2 determinants, and proposes relevant and representative mitigation roadmaps for each country. A novel model that considers growth, maximum and minimum volatilities for all the variables is constructed to propose these roadmaps. The empirical results on causal relationships find that whiles trade openness, urbanization, and economic activities are positive determinants of CO2, renewable energy, human capital, and financial development are negative drivers. Among the factors examined, trade openness has been identified as the most significant long-term driver of CO2 within AfCFTA countries. The results from our prediction model show that the 25 ratified countries will collectively increase their emissions by 17% relative to their 2015 emissions level if no measures are taken. However, if these countries follow our proposed radical roadmaps, they will collectively emit zero carbon emissions by 2028. In order to achieve a massive reduction in CO2 emissions, policymakers within the AfCFTA should adopt radical mitigation roadmaps as proposed. Future studies should focus on developing models to identify the cost and highlight the feasibility of our strategy.
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•CO2 drivers of countries that have ratified the AfCFTA treaty are investigated.•A mitigation model that considers volatilities for all variables is constructed.•AfCFTA countries will increase their CO2 by 17% in 2030.•AfCFTA countries will emit no emissions by 2028 if they adopt radical measures.
In order to decarbonize the global economy and reduce environmental degradation, it has become necessary to switch from using fossil fuels to renewable energy. However, a net zero global economy ...cannot be achieved without understanding the total renewable energy generation threshold and associated investment amount. This study estimates the renewable energy generation threshold to mitigate environmental degradation using data from 2003 to 2019 while focusing on Shanghai Cooperation Organization (SCO) nations. A panel fully modified model and the eight permanent nations of the SCO are employed. Our results show that while trade openness, foreign direct investment, and economic activities positively drive environmental degradation, renewable energy generation is a negative driver, and population has no relationship with environmental degradation. The threshold analysis shows that SCO nations need to increase their renewable energy generation from the current average of 2.403 to 7.737. Policy recommendation regarding how these nations can raise this money has been provided.
Abstract The transition to sustainable energy is crucial for climate change mitigation, yet achieving net‐zero emissions remains challenging. While structural adjustments away from carbon‐intensive ...industries can reduce emissions, such transformations must be underpinned by democratic governance and equitable clean energy access (energy justice). Disappointedly, the interplay among structural change, democracy, and energy justice in mitigating emissions has received insufficient attention. This study examines this nexus among 15 West African countries using the Driscoll–Kraay standard estimator. Our findings indicate that democracy, structural adjustment, and energy justice significantly reduce carbon emissions, while globalization, urbanization, and international trade increase it. We recommend that governments in these nations should promote economic diversification into low‐carbon industries, ensure energy justice through electrification and clean cooking initiatives, enhance transparency and public participation in environmental decision‐making, and facilitate multi‐stakeholder dialogs on sustainable practices.
The mining industries' contribution to economies has been limited to the boomtown's impact of short-term initiatives. However, the bane of mining on resource management has been a recurring theme. ...This study recognizes the need to investigate the interrelationship among legitimate pressure, resource dependence, and green practices in the quest for sustainable resource management. The study categorized legitimate pressure into three distinct groups (coercive, normative, and mimetic pressure) and resource dependence into intra and inter-organizational resource dependence to assess the interrelationship among these constructs. We use both the structural model and the fuzzy set qualitative comparative analysis (fsQCA) approach and 320 respondents from the Ghanaian mining industry.
According to our findings, normative pressure does not influence the implementation of green mining policies without the two groups of resource dependencies acting as mediators.The findings from the fSQCA have shown that the combination of coercive pressure, normative pressure, inter-organizational resource dependencies, and intra-organizational resource dependencies is the best path toward sustainable resource management. The study contributes to the global efforts toward sustainable resource management. Policy and managerial implications are discussed.
•Relationship among legitimate pressure, resource dependence, and green practices is investigated.•Both direct and configuration path analysis using fsQCA is conducted.•The best combination to achieve higher SRM is determined.•Mining firms should prioritize inter-organizational collaboration.
Green procurement plays a crucial role in mitigating emissions, promoting sustainable practices, and achieving the objectives of keeping global warming below the 2°C threshold. However, the ...implementation of green procurement faces significant challenges. Despite the recognized importance of sectoral collaboration, cross‐sectoral engagement (CSE) has not yet been widely acknowledged as an essential principle in green procurement implementation. This study aims to address these implementation challenges by developing a comprehensive decision‐making framework for CSE in public–private partnership projects, with a focus on advancing sustainable development goals. The research identifies and prioritizes barriers to CSE from multiple theoretical perspectives, employing an integrated approach that combines the Method Based on the Removal Effects of Criteria (MEREC) and the Combinative Distance‐Based Assessment (CODAS) method. The results reveal three primary factors hindering cross‐sectoral engagement: conflicting stakeholder interests and priorities, power imbalances, and communication gaps and language barriers. To promote effective collaboration, policymakers are urged to invest in capacity building initiatives that enhance stakeholders' understanding of green procurement principles and encourage their active participation in achieving sustainable development objectives. Theoretically, this study has, for the first time, developed a CSE framework that can be used to promote green practice implementation, integrate four theories to holistically access barriers to cross‐sectoral collaboration, and show the integration of the MEREC CODAS MCDM technique.
The United Nations has described global warming as reaching a code red point for humanity and requires drastic measures to avert further terrible warming. Green procurement practices have been ...recognized as sustainable measures towards a low carbon trajectory, yet its implementation is still at the embryonic stage mainly due to weaknesses in organizational creativity skills and learning strategies. For the first time, we provide a theoretical framework that links stakeholder pressure, organizational learning, green procurement, and environmental performance within a public–private partnership environment. The analysis in this study is performed using the partial least square structural equation modelling and a sample of 295 respondents from Ghanaian infrastructure projects. Overall, we have found that exploratory and exploitative learning are necessary to translate stakeholder pressure to implement green procurement practices effectively. Also, firms that yield to stakeholder pressure develop their creative skills and increase their environmental performance. We recommend that managers should consider frequent market research and consistent stakeholder dialogue to create a culture of learning towards green practice implementation and promote environmental sustainability.
