This study seeks to explore the information value of free cash flow (FCF) on corporate sustainability and investigate the moderating effects of board gender diversity and firm size on the association between FCF and corporate sustainability of Thai listed companies. The dataset consists of companies listed on the Stock Exchange of Thailand (SET) in 2022. Multivariate regression analysis is executed in this study. Subsequently, PROCESS macro served to evaluate the proposed hypotheses. This study found that FCF has a significant positive relationship with corporate sustainability. As well, board gender diversity and firm size both moderate the relationship between FCF and corporate sustainability, such that the positive effect of FCF on corporate sustainability is stronger when the proportion of female boards diminishes, while firm size is smaller. However, when firms have a larger proportion of females on the boards of directors for all levels of firm size, free cash flow indicates that there is no statistically significant effect on corporate sustainability. This study contributes to FCF and sustainability literature by understanding the extent of corporate sustainability.
Hydroponics is a modern agricultural system that enables year-round plant growth. Biochar, derived from apple tree waste, and humic acid were investigated as a replacement for the Hoagland nutrient solution to grow strawberries in a greenhouse with three replications. Growth parameters, such as leaf area, the average number of fruits per plant, maximum fruit weight, and the weight of fresh and dry fruits, were measured. A 50% increase in fresh and dry fruit weight was observed in plants grown using biochar compared to the control. Additionally, the use of Hoagland chemical fertilizer led to a 25% increase in both fresh and dry weight. There was a 65% increase in the number of fruits per plant in the biochar-grown sample compared to the control. Moreover, biochar fertilizer caused a 100% increase in maximum fruit weight compared to the control and a 27% increase compared to the Hoagland chemical fertilizer. Biochar had a higher pH compared to the Hoagland solution, and such pH levels were conducive to strawberry plant growth. The results indicate that biochar has the potential to enhance the size and weight of fruits. The findings of the study demonstrate that biochar, when combined with humic acid, is a successful organic hydroponic fertilizer that improves the quality and quantity of strawberries. Moreover, this approach enables the more efficient utilization of garden waste.
Urbanization plays a crucial role in facilitating the integration of population growth, industrial development, economic expansion, and energy consumption. In this paper, we aim to examine the relationships between CO2 emissions and various factors including economic growth, urbanization, financial development, and energy consumption within Pakistan’s building sector. The study utilizes annual data spanning from 1990 to 2020. To analyze the cointegration relationship between these variables, we employ the quantile autoregressive distributed lag error correction model (QARDL-ECM). The findings of this research provide evidence supporting the presence of an asymmetric and nonlinear long-term relationship between the variables under investigation. Based on these results, we suggest the implementation of tariffs on nonrenewable energy sources and the formulation of policies that promote sustainable energy practices. By doing so, policymakers and architects can effectively contribute to minimising environmental damage. Overall, this study offers valuable insights that can assist policymakers and architects in making informed decisions to mitigate environmental harm while fostering sustainable development.
This study aims to evaluate the relationship between financial resilience, exchange rate, inflation, and economic growth from 1996 to 2022 using secondary data from the World Bank. The analysis method uses vector autoregressive to understand the causality dynamics between these variables. The results show that past economic growth positively impacts current economic conditions, but an increase in the exchange rate can hinder economic growth. The exchange rate also tends to be influenced by previous values, but high economic growth does not always increase the exchange rate. Previous conditions significantly affect financial resilience and can be strengthened by a strong currency. Meanwhile, inflation has an inverse relationship with economic growth, where past inflation seems to suppress current inflation, which price stabilization policies can cause. From an institutional economics perspective, this study provides an understanding of the interaction between various economic factors in the structural framework and policies that regulate economic activities. The impulse response function (IRF) shows that economic growth can react strongly to sudden changes, although this reaction may not last long. The exchange rate fluctuates with economic changes, reflecting market optimism and uncertainty. Financial resilience may be strong initially but may weaken over time, indicating the need for policies to strengthen the financial system to ensure economic stability. Furthermore, the role of social capital in economic resilience is highlighted as it can amplify the positive effects of a robust institutional framework by fostering trust and collaboration among economic actors. Inflation reacts differently to economic changes, challenging policymakers to balance growth and price stability. Overall, the IRF provides insights into how economic variables interact with each other and react to sudden changes, albeit with some uncertainty in the estimates. The forecast error decomposition variance (FEVD) analysis in this study reveals that internal factors initially influence economic growth, but over time, external factors such as the exchange rate, financial resilience, and inflation come into play. The exchange rate, which was initially volatile due to internal factors, becomes increasingly influenced by economic growth, indicating a close relationship between the economy and the foreign exchange market. From an institutional economics perspective, financial resilience, which was initially stable due to internal factors, becomes increasingly dependent on global economic conditions, suggesting the importance of a solid institutional framework for maintaining economic stability. In addition, inflation, which was initially explained by economic growth and exchange rates, has gradually become more influenced by financial resilience, indicating the importance of effective monetary policy in controlling inflation. This study highlights the importance of understanding how economic variables influence each other for effective economic governance. Integrating institutional economics and social capital perspectives provides a comprehensive framework for enhancing financial resilience and promoting sustainable economic development in Indonesia.
Introduction: The selection of genotypes with determinate growth habit in tomato should contemplate adequate selection criteria to increase the efficiency of the breeding program. Objective: The objective of this work was to estimate selection criteria for “chonto” type tomato lines with determined growth habit. Materials and methods: This work was carried out at the Universidad Nacional de Colombia (Palmira Campus), in 2016, with seven lines with determinate growth habit and a control with indeterminate growth. Heritability in a broad sense (h2 g), coefficient of environmental variation, coefficient of genetic variation, selection efficiency and genetic gain were determined in parameters of morphological, phonological, fruit quality, fruit shape and production, using the RELM/BLUP procedure of the SELEGEN software. Results: There were three ranges of h2 g, the first with values of h2 g greater than 0.76, the second between 0.53 and 0.38, and the third with a value less than 0.38. The highest values of h2 g were for final plant height with 0.92, plant height at harvest with 0.88, yield per plant with 0.83, days to flowering with 0.83, number of fruits per plant with 0.82, and days to harvest with 0.82. For genetic gain it was found that the control had the highest values for final plant height, plant height at harvest, internode length, days to harvest, harvest duration, soluble solids content, number of fruits per plant, fruit weight and yield per plant; however, in some parameters such as height and phenology for selection by determined growth habit, the lowest values were better. Conclusion: There was evidence of genetic parameters that could be considered as selection criteria for “chonto” type tomato lines with determinate growth habit.
Global CO2 emissions pose a serious threat of climate change for high-growth countries, requiring increased efforts to preserve the environment and meet growing economic needs through the use of renewable energies. This research significantly enhances the current literature by filling a void and differentiating between short-term and long-term impacts across economic growth, renewable energy consumption, energy intensity, and CO2 emissions in BRIC countries from 2002 to 2019. In contrast to approaches that analyze global effects, this study’s focus on short and long-term effects offers a more dependable insight into energy and environmental research. The empirical results confirmed that the effect of economic growth on CO2 emissions is positive both in the short and long term. Moreover, the effect of energy consumption is negative in the short term and positive in the long term. The effect of energy intensity is positive in the short term and negative in the long term. Accordingly, policy recommendations must be adopted to ensure that these economies respond to the notion of sustainable development and the relationship with the environment. BRIC countries must strengthen their industries in the long term in favor of the use of renewable energies by introducing innovation and technology. These economies face the challenge of a transition to renewable energy sources by creating a new energy and industrial sector environment that is more environmentally friendly atmosphere.
Copyright © by EnPress Publisher. All rights reserved.