Many financial crises have occurred in recent decades, such as the International Debt Crisis of 1982, the East Asian Economic Crisis of 1997–2001, the Russian economic crisis of 1992–1997, the Latin American debt Crisis of 1994–2002, the Global Economic Recession of 2007–2009, which had a strong impact on international relations. The aim of this article is to create an econometric model of the indicator for identifying crisis situations arising in stock markets. The approach under consideration includes data for preprocessing and assessing the stability of the trend of time series using higher-order moments. The results obtained are compared with specific practical situations. To test the proposed indicator, real data of the stock indices of the USA, Germany and Hong Kong in the period World Financial Crisis are used. The scientific novelty of the results of the article consists in the analysis of the initial and given initial moments of high order, as well as the central and reduced central moments of high order. The econometric model of the indicator for identifying crisis situations arising considered in the work, based on high-order moments plays a pivotal role in crisis detection in stock markets, influencing financial innovations in managing the national economy. The findings contribute to the resilience and adaptability of the financial system, ultimately shaping the trajectory of the national economy. By facilitating timely crisis detection, the model supports efforts to maintain economic stability, thereby fostering sustainable growth and resilience in the face of financial disruptions. The model’s insights can shape the national innovation ecosystem by guiding the development and adoption of monetary and financial innovations that are aligned with the economy’s specific needs and challenges.

Work can be demanding, imposing challenges that can be detrimental to the job performance of employees. Efforts are therefore underway to develop practices and initiatives that may improve job performance and well-being. These include interventions based on mindfulness, inclusive leadership and work engagement. In the present study, authors have presented an association of inclusive leadership and mindfulness towards job performance through employee work engagement among secondary teachers in the context of Hong Kong. The sample size of 263 teachers working from three secondary schools in Sha Tin, Hong Kong has been incorporated in this study. A structured questionnaire designed on a 5-point Likert scale has been used based on purposive sampling by analysis of IBM SPSS 27 and Smart PLS version 4.0.9 by applying a structural equation modelling approach (SEM). The results indicated a strong positive influence on employee work engagement and job performance. Moreover, the bootstrap investigation showed that mindfulness and inclusive leadership were significantly associated with employees’ work engagement in the presence of mediators’ work engagement. This study adds to the very scarce literature on inclusive leadership and mindfulness. In addition, this research is the first study to test the mindfulness skill, inclusive leadership and job performance relationship. Furthermore, this is the first study to explore the concept of mindfulness and inclusive leadership in the Hong Kong context. Moreover, the findings of this research can be beneficial for future theory development on mindfulness skill and inclusive leadership in cross-cultural contexts.

While the notion of the smart city has grown in popularity, the backlash against smart urban infrastructure in the context of changing state-public relations has seldom been examined. This article draws on the case of Hong Kong’s smart lampposts to analyse the emergence of networked dissent against smart urban infrastructure during a period of unrest. Deriving insights from critical data studies, dissentworks theory, and relevant work on networked activism, the article illustrates how a smart urban infrastructure was turned into both a source and a target of popular dissent through digital mediation and politicisation. Drawing on an interpretive analysis of qualitative data collected from multiple digital platforms, the analysis explicates the citizen curation of socio-technic counter-imaginaries that constituted a consent of dissent in the digital realm, and the creation and diffusion of networked action repertoires in response to a changing political opportunity structure. In addition to explicating the words and deeds employed in this networked dissent, this article also discusses the technopolitical repercussions of this dissent for the city’s later attempts at data-based urban governance, which have unfolded at the intersections of urban techno-politics and local contentious politics. Moving beyond the common focus on neoliberal governmentality and its limits, this article reveals the underexplored pitfalls of smart urban infrastructure vis-à-vis the shifting socio-political landscape of Hong Kong, particularly in the digital age.

Regional cooperation stands as a key strategy to address intense economic competition and formidable local governance challenges. Successful regional collaborations are typically founded on the basis of institutional similarity, which also serves as the starting point for a multitude of related theoretical studies. Consequently, the regional cooperation within the context of institutional conflicts has been overlooked. This paper aims to explore the process of regional cooperation against the backdrop of conflicts, using the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) as a case study and analyzing it from the perspective of the sociology of knowledge. The article posits that conflicts can stimulate interactions among various actors, foster the generation of local knowledge, and propel specific cooperative practices. Moreover, local and central governments, grounded in local knowledge and universal managerial insights, continuously authenticate and propagate local innovations, establishing guiding policies and, consequently, producing rational knowledge. The accumulation of such knowledge has not only strengthened civilian cooperation but also facilitated broader collaborative efforts. The study reveals that despite the GBA’s remarkable achievements in cooperation, challenges persist: on the one hand, there are issues with the government’s process of rational knowledge production and the quality of knowledge itself; on the other hand, excessive governmental dominance may suppress the production and application of local knowledge. Therefore, refining the knowledge production mechanism is especially critical. The findings of this paper uncover the mechanisms of regional cooperation amidst institutional conflicts and deepen our understanding of regional collaboration and cross-border governance.

Cross-border ecological cooperation is always a challenging issue. Ecological cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area has its own uniqueness as it is cross-border cooperation under “One Country, Two Systems”, which is different from multinational cooperation or regional collaboration within one country. This paper analyses the cooperation documents of Guangdong, Hong Kong and Macao, official reports and academic literature, and then summarises the unique pattern of ecological cooperation in the Greater Bay Area under “One Country, Two Systems”. It outlines four characteristics: different priorities in ecological management of each side, case by base cooperation, government-dominated cooperation with low public participation, and huge institutional gap between three sides. This article also identifies several problems and causes: lack of common ecological targets for each side and effective cross-border regulative measures, cumbersome coordination in cross-border cooperation. Finally, four feasible recommendations have been put forwarded: creating new institutional arrangements under the context of “One Country, Two Systems”, establishing the efficient decision-making platform for the inter-city cooperation, introducing the market-based resource allocation, and encouraging public participation in ecological monitoring.