Justina Hudenko, Anna Kuzina, Aleksandrs Kotlars
et al.
This study addresses a critical policy paradox in transport infrastructure planning: the necessity for substantial decarbonization investments amid declining freight demand forecasts in less developed territories. Despite reduced demand, such investments remain justified for advancing sustainability, regulatory compliance, and long-term system resilience. Herein, an integrated decision support framework is developed that optimizes infrastructure investment sequencing while maximizing private capital participation and ensuring technology–regulation alignment. Using comprehensive freight transport data from Latvia (2012–2023), a scenario tree analysis integrated with S-curve technology adoption models is employed to evaluate optimal infrastructure sequencing strategies for hydrogen fuel cell vehicles (HFCVs) and battery electric vehicles (BEVs). The methodology combines Autoregressive Integrated Moving Average (ARIMA) demand forecasting with total cost of ownership (TCO)-based technology adoption curves and hierarchical modal split modeling. The analysis further identifies distinct market segments and adoption trajectories, demonstrating how strategic infrastructure sequencing can accelerate low- and zero-emission technology uptake across different freight distances and policy scenarios. The results demonstrate that strategic sequencing generates net present value (NPV) savings of approximately EUR 18.2 million (at a 4% discount rate) compared to immediate full-scale deployment while maintaining regulatory compliance timelines. The framework provides policymakers with systematic evidence-based criteria for infrastructure investment timing, contributing to the efficient allocation of scarce public resources in the transition to sustainable freight transport.
The ‘equalization of firms' and sectoral profitability is considered a key feature of capitalist economy by most economic schools. For Marx, it is the basis of the laws of movement of bourgeois society. In this work we consider the related theoretical and empirical literature spanning for more than a century. We suggest that Marx exposed two different meanings of the process: the equalization in the productive sphere is a heritage of the classical school, in line with the Ricardian outlook of a capitalism with no endogenous crisis and no structural changes; the second is the equalization of capitals’ profitability as financial investment, that represents the historical development of capitalism and highlights the coming of age of finance capital and is the backbone of financialization, the dominant trend in contemporary capitalism. We conclude that this dimension of the equalization does not obliterate the laws of movement of capitalism and puts the discussion of the transformation problem on totally different terms.
Both transformational and problematic platforms, corresponding to moderate and severe scam conditions, are considered abnormal in Chinese marketplace lending. This paper examines the impact of scams in marketplace lending on investor confidence and attention. We find that as the abnormal platform ratio increases, lenders are more likely to lose confidence and withdraw investments. They also become more concerned about the risks associated with marketplace lending and the entire industry. These effects are primarily driven by severe scam conditions. Additionally, the effects of severe scam conditions on investment withdrawals and industry-related news searches are contemporaneous, while there is a lag in the effects on searching for risk-related news. Furthermore, we also find that regulatory policies enhance individual sensitivity to severe scams, and severe scams result in greater capital outflows in first-tier regions and more significant levels of panic in other regions.
Economic growth, development, planning, Economic history and conditions
The study considers that the countries of the region are trying to take advantage of the opportunity of the Fourth Industrial Revolution (4IR) to industrialize and diversify their economies due to the rapid spread and widespread use of the Internet in the region. The modified methodology was used to assess the level of innovation potential (hereinafter referred to as IP), using elements such as the level of recep-tivity and readiness for innovative development, potential opportunities and others.Taking into account the role of financial opportunities in the development of innovations, a regres-sion analysis was carried out, which indicates a direct link between IP and investment in R&D in these countries, on the basis of which the potential for innovative development is predicted for 5 years. The article assessed the possibility of financing African startups and SMEs through crowdfunding platforms and venture investments. The results show that the current Internet penetration contributes to the de-velopment of venture capital and crowdfunding, which will increase by 50% and 93%, respectively, by 2025. To achieve these results, the authors have developed a recommendation that can increase the financial capacity of sub-Saharan Africa for their innovation sector.
Economics as a science, Marketing. Distribution of products
Holian Vasyl A., Medynska Nataliia V., Kolosa Liudmyla L.
et al.
It is substantiated that under wartime conditions, formation of a new global nature protection architectonics and decentralization of power, the solution of ecological problems of socioeconomic development passes into a new financial and investment dimension, which requires diversification of sources of financing of capital investments and current costs in environmental protection. It is determined that in the dynamics of the nominal amount of financing of capital investments and current expenditures in environmental protection in the context of the main nature protection measures in 2000–2020, in general, there is an upward trend, which is caused by inflation-devaluation processes, rather than a real increase in assignations to environmental projects both in the public and corporate sectors. It is identified that in 2000–2020 there was a significant difference between the amounts of financing of capital investments and current expenses in the direction of increasing the amount of financial support for the operation and maintenance of environmental infrastructure, rather than their renovation and modernization. It is substantiated that the chronic deficit of financial and investment support for solving ecological problems is caused by excessive unification of sources and methods of financing the renewal of the network of environmental infrastructure objects and rationalization of the use of natural raw materials, which requires diversification of fiscal, budgetary and credit investment instruments of the environmental protection industry. It is determined that increasing investment flows in the environmental sphere of Ukraine depends on the inclusion in the range of priorities of the national environmental policy of the dominants of international environmental conventions, primarily the New Climate Agreement, which will allow obtaining financial preferences from global environmental funds and foreign governments. It is substantiated that the intensification of environmental activities at the level of local self-government will become possible due to an increase in the share of deductions of the natural resource rent and environmental tax to special funds of budgets of territorial communities, which will ensure targeted linking of eco-resource payments to solving the most pressing ecological problems of territorial entities.
Mo'men A. Shazly, Khaled AbdElAlim, Abanob Nashat Mortaky
et al.
The main purpose of this research is to study the impact of corporate governance and audit quality on the investment decision. In order to achieve this objective, the research collected literature review about previous variables. This research used survey method on the construction sector in Egypt. They are 97 completed questionnaires. Data was analyzed and hypotheses tested by using Statistical Package for the Social Sciences (SPSS). The research found that there's significant positive impact of corporate governance on the audit quality and investment decision which means investors will depend on the corporate governance when they make their investment decision. In addition, investors will depend on the audit quality (the ability of an auditor to detect a breach (auditor competence) and the willingness to report such a breach (auditor independence) when they make their investment decision.
In article the features of dynamics of economy of the Russian Federation and its industrial sector reflecting various periods of their development (ascending are considered, the compensatory and descending dynamics) that allowed to determine resultant parameters of the state industrial policy and to prove efficiency of the anti-recessionary tools directed on preservation industrial and the technological making economy of Russia.
Mahboobeh Khan Ahmadi, Mohsen Dastgir, Saeid Ali Ahmadi
The scholars of social responsibility have focused on identifying the factors affecting corporate social responsibility disclosure (CSRD). Corporate social responsibility is a key factor in the survival of any organization. The purpose of the study was to examine the relationship between the size of the company, ownership structure, and governance structure to explain the determinants of Corporate social responsibility in Iran. Regarding this, the data of 127 companies listed on the Tehran Stock Exchange from 2009 to 2018 were collected and analyzed. Multiple regression model as panel data and fixed effects method was used to test the hypotheses. The results from the study tests indicated that the size of the company is an effective factor in Corporate social responsibility in Iran. The role of this factor is positive. Larger companies have been more successful in Corporate social responsibility. Moreover, the ownership structure is a determining factor and has improved the disclosure of social responsibility. The presence of major owners in the company potentially enhances the dissemination of information and protects the interests of minority shareholders, and the corporate governance structure has not been a determining factor in Corporate social responsibility in Iran. Indeed, the board's ability to perform its duties decreases when its size is large.
This paper aims to explore the capital structure issue and corporate value and
to investigate the effect of capital structure change on corporate value. Panel data
regression was applied in the research. The empirical results show that all proxies of
capital structure have a positive but not significant influence on the Sustainable Owners
Value Added Ratio (SOVAR) as a performance proxy for joint-stock companies whose
financial instruments are listed on the capital market in Croatia. The study indicates that
the owners’ equity has a negative and significant influence on the value of joint-stock
companies in Slovenia while the long-term debt has a positive and significant impact on
the value of listed joint-stock companies in the Czech Republic. Future work is needed to
extend the analysis across different countries in the European Union and a long time
series of data. Although investments are the most significant determinants of corporate
value, the results indicate that 29.53% variability of the corporate value is explained by
the variables owners’ equity and long-term debt which represent capital structure. These
results provide evidence that the capital structure decisions affect corporate value as well
as capital structure is relevant for corporate value in the selected members of European
Union.
Ademir M. Nascimento, Liguang Liu, João Ricardo Cumarú Silva Alves
et al.
Purpose – This paper seeks to analyze the relationship between China and the Northeast region of Brazil, aiming to identify how the renewable energy sector is being developed. Design/methodology/approach – The authors analyzed secondary data from the official databases from China-Brazil chambers of commerce to establish the main points related to renewable energy in Brazil's Northeast. Findings – It is possible to notice the main investments, highlighting the wind energy as a more prominent source recently. The authors also point the huge influence from China on Brazil's Northeast energy sector. Research limitations/implications – It is difficult to identify the amount of Chinese capital due to the large number of mergers and acquisitions that has been taking place in recent years. Practical implications – Identification of regions that have been receiving investments and the main interests of Chinese investors in the renewable energy sector. Social implications – Demonstration of how the renewable energy sector has taken an important turn in Brazil due to Chinese investment. Originality/value – To evaluate a regional consortium, analyzing its strategies for partnerships with China to help each other in global questions, as is the case of renewable energy.
Marina PALKINA , Valentina KISLITSYNA, Konstantin CHERNYSHEV
Social and economic spheres of depressed regions develop unfavorably which,
in its turn, leads to the negative pace of the national economy development. “Depressed
regions” have a higher growth rate of investments in fixed capital per capita than the
Russian indicators, but the growth of investment does not cause unambiguous changes in
the demographic indicators of development. All “depressed regions” are currently
characterized by depopulation and a negative balance of interregional migration. Thus,
despite the growth of investment, “depressed regions” are characterized by a reduction in
labor and demographic potential. The problem of analyzing the relationship between
investment and demographic factors in the development of “depressed regions” is not fully
studied today, which undoubtedly affects the quality and effectiveness of decisions made
by state authorities to overcome the depressive nature of their economies.
Cities. Urban geography, Urban groups. The city. Urban sociology