Long-term Positive Impact Research Articles

Sosialisasi Perilaku Hidup Bersih dan Sehat (PHBS) dan Dampak Penggunaan Gadget pada Anak

Clean and Healthy Living Behavior (PHBS) is an important concept to apply in everyday life. PHBS aims to maintain and improve individual health and prevent the spread of disease. Elementary School (SD) is the initial stage of education where children begin the learning process and develop social skills. The use of gadgets, such as smartphones, tablets and computers, has become an inseparable part of modern life. Gadgets offer access to various applications, games and multimedia content that are interesting for children, replacing healthy physical activities and important social interactions. The method used in this community service is the lecture method in the form of providing education and discussions about Health Promotion Influences Patterns Clean and Healthy Living (PHBS) and the Impact of Using Gadgets on Elementary School Children. Target Elementary School Students Grades 5 and 6 at SD 104294 Pematang Sentrak Village. Time and Place This activity will be held on April 13 2023 at SD 104294 Pematang Sentrak Village, Teluk Mengkudu District, Serdang Bedagai Regency. Implementation of Activities The form of activity carried out is by providing outreach to elementary school students about PHBS and the impact of using gadgets on elementary school children which will have a long-term positive impact on their health and welfare.

Impact of Medical Resources on Infant Mortality: Taking Yunnan Province as an Example

In this study, the autoregressive distributed lag model (ARDL) was used to estimate the long-term impact of the number of health medical institutions and health technicians (two important indicators in medical resources) on infant mortality in Yunnan Province. The error correction model (ECM) was used to estimate the short-term impact influence. The results show that the number of health and medical institutions has a significant positive long-term and short-term impact on infant mortality; the number of health workers has a significant negative short-term impact and a significant positive long-term impact on infant mortality. Several suggestions are also provided to optimize the allocation of medical resources and policy construction. For example, medical institutions should be built and health workers should be recruited judiciously, focusing on “quality” rather than “quantity.” In addition, this study also provides empirical evidence for future research in related fields.

Import substitution Impact on Growth of Production of Mineral Products and Metallurgy: shortTerm and long-Term Forecasting of basic sectors of the National Economy

The purpose of the study is to identify ways of short- and medium-term development of mineral production and metallurgy in the Russian Federation in the context of the policy of sanctions based on economic and mathematical modeling. The impact of sanctions on production in the basic sectors of the Russian economy, as well as the impact of import substitution on production in the short- and long-term is investigated. The research methodology includes panel regression with fixed effects and Bayesian vector autoregression (BVAR model). The sanctions index is calculated based on a sentimental analysis of the texts of news publications. This index is based on the results of computer analysis of a set of thematic texts (evaluation of the frequency of words and phrases, correlation analysis, case analysis based on the BERT neural network). The paper demonstrates the importance of an industry-specific approach to the implementation of import substitution policy in view of its time horizon. For example, for the mineral products industry, the current import substitution policy can be considered effective in terms of the production index forecast, and for the metallurgical industry, the import substitution policy needs to be revised, since a sharp decline is expected in the short-term when the baseline scenario is implemented, and in the long-term production stabilizes without showing growth. As a result, the efficiency of the import substitution policy is considered to be completely dependent on the industry in which it is implemented. Fund intensity and other factors affecting industry cycles must be considered in order to forecast policy results. Import substitution also has a long-term positive impact.

Introducing a multicomponent staff training intervention to reduce antipsychotic medication: Care home management pre and post intervention views of systemic impact, and preliminary RE-AIM evaluation

ObjectivesWe explored views of care home managers when introducing PROCUIDA-Demencia a mixed-methods two-arm cluster randomised controlled pilot and clinical outcomes study aiming to optimise dementia care by introducing psychosocial interventions to reduce antipsychotic medication in care homes. MethodWe undertook secondary analysis of pre and post in-depth interviews conducted in summer 2018 with not-for-profit care home managers in Mexico who were allocated to the intervention group. Transcribed data were thematically analysed. Themes were mapped out with RE-AIM quality appraisal framework (Reach, Effectiveness, Adoption, Implementation and Maintenance) as preliminary evaluation to identify practice and future intervention development and evaluation. ResultsTwo pre- and three post-intervention themes were constructed. Participants reported measurable positive impact; one home built a new specialist dementia care unit and others hired a psychologist and psychiatrist to sustain the changes. Antipsychotic medication was reduced for some participating residents which also minimised cost burden on family members. ConclusionFunding, systemic working across families, clinical and social teams and effective systems of governance are urgently required to sustain models like PROCUIDA-Demencia. The RE-AIM preliminary evaluation outlined care home managers’ long-term sustainable practice and positive impact on the dementia care system. These findings might inform staff retention strategies and care home systemic care practices. This evaluation is contributing to the Mexican Alzheimer’s and other dementias plan.

Empirical Analysis of the Impact of Green Finance and Technological Progress on Total Factor Productivity in China’s Industrial Sector

The enhancement of industrial green total factor productivity is pivotal for achieving high-quality and sustainable economic development. This study assesses China’s performance using the SBM-GML model, employing province-level panel data spanning from 2004 to 2020. Furthermore, we examine the influence of green finance and technological progress on industrial green total factor productivity using a spatial econometric model. The findings uncover that the relationship between the level of green financial development and industrial green total factor productivity follows a U-shaped curve. Initially, low levels of green financial development exert a suppressive effect on industrial green total factor productivity, proving ineffective in the short term. However, with the progression of green finance development, a positive and significant long-term impact on industrial green total factor productivity emerges. Moreover, technological progress demonstrates a noteworthy promotional effect on industrial green total factor productivity. The analysis delves deeper into revealing that industrial structure and environmental regulation intensity exhibit a significant negative relationship with industrial green total factor productivity. In contrast, both energy structure and education level showcase a substantial positive relationship with industrial green total factor productivity.

Economic Growth, Agriculture, Capital Formation and Greenhouse Gas Emissions in Indonesia: FMOLS, DOLS and CCR Applications

Economic growth drives increased demand for resources, placing greater pressure on the agricultural sector. While the adoption of advanced technologies and increased capital investment can enhance productivity, they also have environmental consequences, contributing to greenhouse gas emissions. Based on this interconnected issue, this study aims to examine the long-term relationships between economic growth, agricultural productivity, gross fixed capital formation, and greenhouse gas emissions in Indonesia, utilizing data from the period 1965-2021. The study employs the Dynamic Ordinary Least Squares (DOLS) and Fully-Modified Ordinary Least Squares (FMOLS) methods, and includes robustness checks using the Canonical Cointegration Regressions (CCR) method. To provide a more comprehensive insight, the study also employs the pairwise Granger causality approach to detect the direction of the relationships. In concise terms, the results suggest that agricultural productivity, gross fixed capital formation, and greenhouse gas emissions have a positive long-term influence on economic growth. Additionally, gross fixed capital formation has a negative effect, while economic growth has a positive long-term impact on agricultural productivity. Furthermore, agricultural productivity has a negative impact, while economic growth indicates a positive long-term effect on gross fixed capital formation. Moreover, economic growth positively influences greenhouse gas emissions over the long term. Lastly, the study found three bidirectional causalities, with greenhouse gas emissions as the central figure. These important findings provide crucial information for policymakers, economists, and environmentalists, giving a nuanced understanding of the intricate relationships between economic activities and environmental consequences, as well as aiding in the formulation of sustainable strategies for green economic growth, especially in Indonesia.

The importance of cancer prevention policies to inform and guide preventative and screening measures for people with intellectual disabilities: The COST project “Cancer- Understanding Prevention in Intellectual Disabilities”

Cancer is a global public health problem, but its exact prevalence in people with intellectual disabilities is still uncertain. This population, with limited health skills and complex health needs, faces many challenges in cancer prevention, screening, timely diagnosis and treatment. Furthermore, they are often underrepresented in general cancer prevention and screening policies across Europe, leading to widened disparities in health outcomes and premature mortality. Thus, unified national and local policies are needed to reduce inequalities and promoting a pan-European inclusion of people with intellectual disabilities. Our goal is to raise public awareness of this issue, including the involvement of people with intellectual disabilities, and promote engagement from relevant stakeholders. The COST Action ‘Cancer- Understanding Prevention in Intellectual Disabilities’ (CUPID) project will address health inequalities faced by people with intellectual disabilities in relation to cancer, and support the development of policy recommendations specifically tailored to their unique cognitive and healthcare needs, having a positive long-term impact on quality of life.

Location Based Power Reduction Cloud Integrated Social Sensor Network

It is great to hear about the advancements in wireless sensor networks and their applications, as well as the integration of cloud computing to enhance data analysis and storage capabilities. Indeed, these technologies have opened up numerous possibilities across various fields, including infrastructure tracking, environmental monitoring, healthcare, and more. The concept of a social sensor cloud, as you mentioned, brings an interesting dimension to this technology landscape by focusing on knowledge-sharing and connecting like-minded individuals or organizations. This could potentially lead to more collaborative and efficient solutions across a wide range of domains. Energy efficiency is a critical consideration in the design and operation of wireless sensor networks and the cloud infrastructure that supports them. The limited battery life of sensors necessitates careful management of energy consumption to ensure optimal functionality and longevity. Sleep scheduling methods are a common technique used to manage energy consumption in these networks. By coordinating when sensors are active and when they are in a low-power sleep mode, energy consumption can be significantly reduced without compromising the network's overall effectiveness. In the context of the Social Sensor Cloud, managing energy efficiency becomes even more crucial due to the shorter battery life of the sensors involved. This is particularly relevant given the growing concerns about environmental sustainability and the need to reduce energy consumption across technological systems. It's clear that your research paper addresses these challenges head-on, by exploring energy-efficient techniques for the Social Sensor Cloud. Sleep scheduling is just one of the many strategies that researchers and engineers are working on to strike a balance between functionality and energy consumption. Other methods might include optimizing data transfer protocols, developing energy-harvesting mechanisms, and enhancing sensor hardware efficiency. As technology continues to evolve, the integration of wireless sensor networks, cloud computing, and social networks will likely pave the way for innovative solutions and transformative applications. Addressing energy efficiency concerns will undoubtedly play a crucial role in ensuring the long-term viability and positive impact of these technologies.

The impact of reduced worry on general functioning: Amediation analysis from a randomized trial.

Previous lab findings have indicated that excessive worry may impair cognitive performance and problem solving capabilities but it is unclear if excessive worry also leads to broader impairments in general functioning. We report a secondary process data analysis of a large randomized waitlist-controlled trial (N=670) of a self-guided online psychological intervention for dysfunctional worry related to the Covid-19 pandemic. Specific aims were to investigate (1) if improvements in general functioning were mediated by reductions in worry related to Covid-19 during the acute intervention phase, and (2) if reduced worry related to Covid-19 during acute intervention phase had a positive long-term impact on general functioning up to 1year after the end of the intervention. To address aim 1, we used a mediation analysis framework where outcome (general functioning measured with an adapted version of the Work and Social Adjustment Scale) and the hypothesized mediator (worry measured with an adapted version of the Generalised Anxiety Disorder 7-Item Scale) were administered weekly during the controlled phase of the trial of 3weeks. To address aim 2, we investigated if reductions in worry during the 3-week treatment period predicted improved general functioning at 1- and 12months after treatment completion. Results showed that improvements in general functioning at week 3 were mediated by reductions in worry during the first 2weeks of treatment (indirect effect estimate -0.08; 95% CI -0.15, -0.02). A sensitivity analysis indicated that the mediation effects dropped significantly when the residual correlation values between the mediator and the outcome exceeded r=0. A reversed causation model was not significant. Additionally, reductions in worry during treatment predicted subsequent improvements in general functioning at both 1- and 12-month follow-ups (p<.05, -.001). Altogether, these results provide further support of the importance of targeting worry as a way to improve functioning among the large population of individuals with high levels of worry.

Macroeconomic determinants of non-performing loans: A quantile regression approach evidence from Vietnam's banking system

This study investigates the impact of economic growth, inflation, money supply, and real interest rates on non-performing loans (NPLs) in the Vietnamese banking system. To achieve the research objective, we employ Ordinary Least Squares and Quantile regression methods to estimate models with data collected from the World Bank on the Vietnamese banking system for the period 2000-2020. The Ordinary Least Squares estimation results do not find a significant impact of economic growth on NPLs, but Quantile regression estimation results reveal that economic growth has a negative effect on NPLs for the lower quantile groups, with this effect being insignificant for the quantile groups above 0.3. Furthermore, the study's findings indicate that inflation and real interest rates have a negative impact on NPLs across most quantile groups, while the money supply has a negative impact on NPLs only in the medium quantiles (0.4 and 0.5) and high quantile groups (above 0.7). Additionally, we found a stable equilibrium between NPLs and economic growth, inflation, money supply, and real interest rates, with a positive long-term impact of economic growth, inflation, money supply, and real interest rates on NPLs. The research findings propose several policy implications for controlling NPLs in the Vietnamese banking system.

Effects of cochlear implantation on cognitive decline in older adults: A systematic review and meta-analysis

BackgroundHearing loss has been reported as the most significant modifiable risk factor for dementia, but it is still unknown whether auditory rehabilitation can practically prevent cognitive decline. We aim to systematically analyze the longitudinal effects of auditory rehabilitation via cochlear implants (CIs). MethodsIn this systematic review and meta-analysis, we searched relevant literature published from January 1, 2000 to April 30, 2022, using electronic databases, and selected studies in which CIs were performed mainly on older adults and follow-up assessments were conducted in both domains: speech perception and cognitive function. A random-effects meta-analysis was conducted for each domain and for each timepoint comparison (pre-CI vs. six months post-CI; six months post-CI vs. 12 months post-CI; pre-CI vs. 12 months post-CI), and heterogeneity was assessed using Cochran's Q test. FindingsOf the 1918 retrieved articles, 20 research papers (648 CI subjects) were included. The results demonstrated that speech perception was rapidly enhanced after CI, whereas cognitive function had different speeds of improvement for different subtypes: executive function steadily improved significantly up to 12 months post-CI (g = 0.281, p < 0.001; g = 0.115, p = 0.003; g = 0.260, p < 0.001 in the order of timepoint comparison); verbal memory was significantly enhanced at six months post-CI and was maintained until 12 months post-CI (g = 0.296, p = 0.002; g = 0.095, p = 0.427; g = 0.401, p < 0.001); non-verbal memory showed no considerable progress at six months post-CI, but significant improvement at 12 months post-CI (g = −0.053, p = 0.723; g = 0.112, p = 0.089; g = 0.214, p = 0.023). InterpretationThe outcomes demonstrate that auditory rehabilitation via CIs could have a long-term positive impact on cognitive abilities. Given that older adults’ cognitive abilities are on the trajectory of progressive decline with age, these results highlight the need to increase the adoption of CIs among this population.

Pendampingan Keberlanjutan UMKM dalam Meningkatkan Kesejahteraan Ekonomi di Kecamatan Babelan Kabupaten Bekasi

In this study, we conducted a mini survey and interviews with MSME actors in Babelan District, Bekasi Regency, to identify the challenges they face in understanding and implementing sustainability reporting. The survey revealed several issues commonly encountered by MSMEs in the region regarding sustainability reporting. In response to the identified challenges, we initiated a dissemination activity aimed at enhancing the understanding of MSMEs in Babelan District, Bekasi Regency, regarding sustainability reporting. The method used in this community service is Community Based Research (CBR) using the Forum Group Discussion (FGD) approach in training, mentoring, and consultation. The primary goal of this activity is to provide MSMEs with the necessary tools and knowledge to create sustainability reports that can help them effectively manage their business operations and promote sustainability. By addressing the needs of MSMEs for accessible and relevant sustainability reporting, we aim to contribute to the improvement of economic welfare in Babelan District, Bekasi Regency. Empowering MSMEs with the capacity to embrace responsible business practices can lead to more sustainable and resilient enterprises, benefitting not only the businesses themselves but also the local community and environment. In conclusion, the dissemination of MSME sustainability reporting serves as a critical step towards achieving sustainable and responsible business practices. This activity strives to support the growth and development of MSMEs, ensuring their long-term success and positive impact on the economy and society at large.

Investor Sentiment Under the Maqasid Al-Shari’ah Compliance Asset Pricing Model: A Behavioral Finance Approach to Islamic Finance

This study provides perspectives and insights into the importance of Maqasid al-Shari’ah in the discourse of Shari’ah-Compliant Asset Pricing Model (SCAPM) development by considering inflation and zakat as the minimum level of expected return. The study also integrated market risk and investor sentiment as systematic risks faced by Muslim investors in stock investments. Using a non-linear panel ARDL approach with monthly panel data from 109 Shari’ah-compliant listed companies on the Indonesian Stock Exchange between October 2007 and June 2021 (164 months), the study found that the Islamic market risk premium and investor sentiment had a positive long-term impact on Shari’ah-compliant stock returns. Surprisingly, market risk premium had a reverse effect in the short term, while investor sentiment remained positive. These findings contribute to understanding Islamic finance and have practical implications for investors, financial institutions, and policymakers. Keywords: Maqasid al-Shari’ah, Shariah-compliant asset pricing model, investor sentiment

Actualising power sharing in community-led initiatives: Insights from community-based organisation leaders in Chicago, USA.

There is an increasing call for a governmental organisations such as local health departments and federal health and human service agencies to partner with community based organisations (CBOs) for health promotion. There is a large body of literature suggesting that CBOs need capacity building or empowerment to do this work, but less literature about the necessary culture shift at governmental organisations who fund public health work. This study aimed to examine the knowledge, attitudes, and beliefs of CBO leadership who do not want to partner with state funders, and understand which structures and practices demonstrate power-sharing in a community-led approach. We conducted six interviews with community-based organisation leaders and conducted a thematic analysis and a secondary, inductive discourse analysis of the transcripts to analyse why organisations chose not to apply for a government funded initiative and how they talked about power-sharing for community-led public health. Themes about the decision for CBOs to apply to the public health funding initiative: how it related to the CBO's scope of work, meeting the needs of the community, having the technical capacity, and cross-cutting themes of putting the community first and having a long-term positive impact. Organisations rejected the opportunity for this funding due to poor fit, even if they could fulfil the scope of work. A community-led approach was described as one that includes the government giving up control, creating spaces for meaningful participation and power-sharing, and systems demonstrating trust in CBOs. These findings reiterate that in order for public health to be community-led, there needs to be system-wide transformation and intentional investment that supports an infrastructure for community-led public health. State funders can learn from practices in trust-based philanthropy, such as flexible funding and reporting requirements. The results of this study can support the wider participation of CBOs in collaboration with state actors, maximising the transformative potential of collaboration, ultimately transforming power structures and advancing health equity.

INVESTIGATING THE GROWTH AND FUTURE POTENTIAL OF E-SPORTS INDUSTRY

The e-sports industry has witnessed remarkable growth, captivating a global audience exceeding 810 million enthusiasts. This dynamic industry has propelled competitive gaming into the mainstream, yielding substantial economic implications. This comprehensive paper delves into various facets of the e-sports industry, encompassing growth projections, audience reach, integration with education, inclusivity, technological advancements, and revenue streams. Additionally, it explores the implications for brand perception, audience engagement, and the potential for collaborations. Ethical considerations, responsible gaming practices, and fairness are also examined to ensure long-term sustainability and positive impact. The future of e-sports is promising, with vast potential for continued expansion, global reach, and cultural influence. By embracing inclusivity, nurturing talent, and harnessing technological advancements, the e- sports industry can solidify its position as a leading form of entertainment, engaging diverse audiences and shaping the future of competitive gaming. The paper highlights the pivotal role of data analytics in driving fan engagement and personalization, optimizing marketing strategies, and facilitating informed decision- making. Leveraging data intelligence empowers e-sports organizations to gain profound insights into their audience, customize content, and launch targeted marketing campaigns. Collaborations with brands, media entities, and educational institutions are also explored as avenues for future growth and industry development. The conclusion underscores the significance of responsible gaming practices, fair competition, and transparent player endorsements to uphold the integrity and credibility of e-sports. With sustained expansion, inclusivity, and technological advancements, the e-sports industry is poised to emerge as a global powerhouse, shaping the future of sports, entertainment, and digital culture. Stakeholders must adopt a collaborative and forward-thinking approach to unlock the industry's full potential and navigate the opportunities and challenges that lie ahead Key words: Marketing strategies, marketing, campaign, E- sports, Technological advancement.

Update on Corneal Crosslinking and Topography-Guided PRK in the Management of Keratoconus, Pellucid Marginal Degeneration, and Ectasia

Introduction The introduction of Corneal Crosslinking (CXL) in countries worldwide has led to a reduction in the need for corneal transplants in patients with keratoconus. This innovative and revolutionary procedure is relatively simple in concept, easy for patients to undergo, and can provide excellent outcomes in preserving and stabilizing vision. By stiffening the collagen fibers of the cornea, CXL can prevent progressive disease and vision loss. It is imperative for all eye care professionals to understand the positive long-term impact of this procedure and how it has become the standard of care in the management of selected keratoconus patients and those with other ectatic diseases. CE Notification This article is available as a COPE accredited CE course. You may take this course for 1-hour credit. Read the article and take the qualifying test to earn your credit. Please check COPE course expiry date prior to enrollment. The COPE course test must be taken before the course expiry date.

Relationship between the resource curse, Forest management and sustainable development and the importance of R&D Projects

This study's objective is to examine the role of natural resources (NRS) in promoting sustainable development in industrialized economies, with a focus on G7 member states. Using data from 1990 to 2020, we employ rigorous panel data approaches, including second-generation unit root testing, slope heterogeneity analysis, an error correction cointegration approach, and cross-section dependency concerns. Given the nonlinear nature of the data distribution, we employ a cutting-edge approach known as moment quantile regression to accurately capture the correlations. The results indicate that NRS plays a significant role in promoting economic growth in the G7 nations. Alternative forms of energy and expenditure on research and development have been shown to have a negative effect on long-term economic growth. In contrast, forests have a long-term positive impact on sustainable performance. The findings, which are supported by quantile regression analysis, emphasize the significance of each factor in determining the aggregate results. Based on these findings, the report makes recommendations for increasing investments in R&D and maximizing the use of NRS and forests to improve the sustainable performance of regional ecosystems. In addition, it highlights the importance of confronting forestry and forest management practices to advance sustainability initiatives. These evidence-based recommendations aim to mitigate several aspects of environmental deterioration in the considered setting.

Dedikasi Anak Negeri di Masa Pandemi

The Work-Integrated Study Program from Home (KKN-DR) was conducted individually in the respective residential areas of the students, facing limitations in social interactions, funding, and permits in certain regions. Through the KKN-DR, students interacted with the community, applied their knowledge, and dedicated themselves to serving society. The KKN-DR focused on Covid-19 prevention through the dissemination of health protocols, Covid-19 awareness campaigns, and the provision of healthcare supplies. Students were given the opportunity to enhance their competencies in teaching and research. The outcomes included education, research, and community service as part of the university's tri-dharma mission. The KKN-DR activities are expected to have a positive long-term impact on both students and the community by increasing awareness of the importance of health and making significant contributions to the efforts in preventing the spread of Covid-19. The successful implementation of KKN-DR by group 98 amidst the limitations of the pandemic demonstrates the adaptability and contributions of students to the community in challenging situations. The success of KKN-DR involves an increased awareness of health protocols, Covid-19 campaigns, and the implementation of preventive measures. The long-term positive impact of KKN-DR on students and the community serves as evidence of its success.

The impact of the stringency of environmental policy on a firm's financial performance: an empirical study of European automobile manufacturers

PurposeThe authors investigate the impact of the stringency of environmental policy on the financial performance of European automobile manufacturers. This paper contributes to the debate about the impact of environmental policy on a firm's competitive performance.Design/methodology/approachThe authors use cross-country sector-level panel data for 71 firms from 18 European countries from 2010 to 2019. The authors apply a fixed-effect model and then, to address the endogeneity issues, the authors use the generalized method of moments (GMM) model. To further examine the validity of the results, the authors use a data-mining modeling approach as a robustness test.FindingsBy considering the dynamic impact of environmental policy and overcoming the endogeneity issues, the results show that the impact of the stringency of environmental policy on a firm's financial performance depends on the time horizon: the stringency of environmental policy has a short-term negative impact but a long-term positive impact on a firm's financial performance.Research limitations/implicationsThe authors limited the study to the auto industry in Europe. In addition, future research could consider the impact of environmental policy on other financial performance indicators such as Return on Sales or Return on Equity. Also, it would be interesting to conduct a similar study in the United States or China using a firm-level data set to examine the robustness of the results.Practical implicationsStringency of environmental policy improves a firm's financial performance in the long term. It is essential for firms and managers to consider the dynamic impacts of environmental policy on their financial performance and adopt a long-term perspective when evaluating the costs and benefits of complying with environmental regulations. The findings help management develop a long-term vision for investment and budget allocation. The results support management's view for strategic decision-making against the common budget argument and challenges for stockholders when it comes to adopting new technologies and planning long-term investment.Social implicationsIt is crucial for firms to recognize the broader societal benefits that come with environmental policy. Firms must not only focus on their financial performance but also on their social responsibility to protect the environment and contribute to the greater good. Therefore, firms must take a long-term perspective and recognize the broader societal benefits of environmental policy in order to make informed decisions that support both their financial success and their social responsibility.Originality/valueThis paper contributes to the literature by helping to explain the inconsistent results of studies about the impact of environmental policy on a firm's competitiveness. Using a firm's financial performance as one of the main metrics for competitiveness, this study takes into account both endogeneity and contemporaneity in evaluating the impact of the stringency of environmental policy on a firm's financial performance.

The effects of quantitative easing on Bitcoin prices

This study aimed to examine the impact of the US quantitative easing policy on Bitcoin Prices in 2017–2023. A Time-Varying Parameter VAR (TVP-VAR) model was constructed for discussing the price influence mechanisms of quantitative easing on Bitcoins. The study's empirical results showed that the impacts of quantitative easing policies on Bitcoin prices can vary over time, a temporary positive impact on Bitcoin prices through different channels was also observed. Furthermore, it was found to impose a long-term positive impact via the liquidity channel.