Sustained Interest Research Articles

Cereal-legume intercropping: a smart review using topic modelling.

Over the last decade, there has been a growing interest in cereal-legume intercropping for sustainable agriculture. As a result numerous papers, including reviews, focus on this topic. Screening this large amount of papers, to identify knowledge gaps and future research opportunities, manually, would be a complex and time consuming task. Bibliometric analysis combined with text mining and topic modelling, to automatically find topics and to derive a representation of intercropping papers as a potential solution to reduce the workload was tested. Both common (e.g. wheat and soybean) as well as underutilized crops (e.g. buckwheat, lupin, triticale) were the focus of this study. The corpus used for the analysis was retrieved from Web of Science and Scopus on 5th September 2022 and consisted of 4,732 papers. The number of papers on cereal-legume intercropping increased in recent years, with most studies being located in China. Literature mainly dealt with the cereals maize and wheat and the legume soybean whereas buckwheat and lupin received little attention from academic researchers. These underutilized crops are certainly interesting to be used as intercropping partners, however, additional research on optimization of management and cultivar's choice is important. Yield and nitrogen fixation are the most commonly studied traits in cereal-legume intercropping. Last decade, there is an increasing interest in climate resilience, sustainability and biodiversity. Also the term "ecosystem services" came into play, but still with a low frequency. The regulating services and provisioning services seem to be the most studied, in contrast terms related to potential cultural services were not encountered. In conclusion, based on this review several research opportunities were identified. Minor crops like lupin and buckwheat need to be evaluated for their role as intercropping partners. The interaction between species based on e.g. root exudates needs to be further unraveled. Also diseases, pests and weeds in relation to intercropping deserve more attention and finally more in-depth research on the additional benefits/ecosystem services associated with intercropping systems is necessary.

Research on the Current Status and Countermeasures of Children's Piano Education in China

With the flourishing of China's social economy, there has been a significant surge in the public's desire for a more enriched cultural experience. The piano, renowned for its exquisite artistry as a Western musical instrument, has emerged as an especially popular choice. Consequently, the importance of piano education for children is gaining prominence. This study delves into the current state of children's piano education in China through field interviews, questionnaire surveys, and discussions with training institutions, revealing numerous challenges. The investigation encompasses the perspectives of piano education institutions, children, parents, and teachers, scrutinizing teaching methods, content, and the selection of instructional materials. Notably, a critical concern lies in the waning interest and enthusiasm among children in piano learning. This decline is predominantly influenced by external factors, particularly societal attitudes and prevailing utilitarian views. To address this issue, educators and parents must gain a clearer understanding of the purpose and values of children's piano education, bearing the responsibility of nurturing a sustained interest in the piano. This can be achieved by fostering a conducive environment that nurtures their innate curiosity and passion for music, thereby paving the way for a more vibrant and productive future for children's piano education in China.

A comparison of analysts’ and investors’ information efficiency of corporate social responsibility activities

Purpose This paper aims to examine the extent to which sell-side analysts efficiently incorporate firms’ corporate social responsibility (CSR) activities into their earnings forecasts. In addition, this paper also investigate the CSR information efficiency of analysts vis-à-vis that of investors. Design/methodology/approach This paper measures CSR activities by using CSR strength and CSR concern scores from the Morgan Stanley Capital International Environmental, Social and Governance database. This paper uses analysts’ earnings forecast errors and dispersion as proxies for their information efficiency. To compare the CSR information efficiency of analysts to that of investors, this paper uses the Vt/Pt ratio, which is the equity value estimates inferred from analysts’ earnings forecasts (a proxy for analysts’ CSR information efficiency) to the stock price of the focal company (a proxy for investors’ CSR information efficiency). Findings The regression analysis indicates that analysts’ earnings forecasts are optimistically biased and more dispersed for firms with positive CSR activities. The paper also finds that analysts’ forecasts are more optimistically biased than investors in interpreting CSR activities. Practical implications The lack of standardized protocols in CSR reporting and activities has raised the risk of mispricing by analysts, threatening the stability of sustainable investments. This paper suggests that regulators and standard-setters should establish a uniform framework governing firms’ CSR activities, along with their reporting and measurement, to ensure more consistent and reliable evaluations of CSR practices. Social implications Analysts’ mispricing of CSR activities may distort sustainable investing, as it can overly focus on the positive impacts of stakeholder theory, overlooking agency theory’s warnings about managerial self-interest. Investors need to assess CSR efforts with a dual perspective, acknowledging their societal value but also examining their alignment with shareholder interests. Originality/value To the best of the authors’ knowledge, this research is the first to assess the efficiency of analysts versus investors in processing CSR information amidst growing sustainable investment interests. Furthermore, building on Dhaliwal et al. (2012), which found that voluntary CSR disclosures correlate with more accurate analyst forecasts, this research provides fresh perspectives on the evolving nature of how analysts assimilate CSR information over time.

Financial performance as an intermediate variable in determining corporate sustainability performance: A company governance implication

In the pursuit of sustainability, companies strive for a delicate balance between delivering quality products and services and maintaining enduring harmony in the social and environmental realms. Companies have responsibility for the positive and negative impacts on economic, social, and environmental aspects (Elkington, 1997). Acknowledging their dual role in shaping economic, social, and environmental impacts, companies grapple with complexities. This study aims to scrutinize the influence of innovation, environmental uncertainty on financial performance, the impact of financial performance on corporate sustainability, and the influence of innovation, environmental uncertainty on corporate sustainability. Utilizing a quantitative approach and focusing on companies listed on the Indonesia Stock Exchange (IDX) with the SRI-KEHATI index from 2009 to 2022, the research, with a sample size of 29 companies, employs partial least squares structural equation modeling (PLS-SEM). The findings reveal the positive effects of innovation on financial performance, environmental uncertainty on financial performance, and financial performance on corporate sustainability. Additionally, the study unveils the direct influence of innovation and environmental uncertainty on corporate sustainability, with financial performance acting as a mediating variable. These results hold practical implications for corporations, academics, and policymakers, given the heightened emphasis on sustainability in today’s landscape.

Characterization and agroecological management of school gardens in the Serra Gaúcha region, Brazil

School gardens are an important space for, not only social interaction among students, but also for learning about environmental issues, the sustainability of productive systems, the appreciation of traditional knowledge in agricultural management, food security, healthy eating habits, and quality of life. In this sense, the agroecological management of gardens can contribute to the production of safe, healthy food without the presence of chemical residues. The present study aimed to characterize school gardens in the public education networks of the state and municipal levels in the Serra Gaúcha region of Brazil, as well as to evaluate aspects related to the management of these gardens, aiming to establish strategies for their conservation and the sustainable management of pests and diseases. The methodology consisted of a qualitative-quantitative research with descriptive purposes conducted through a data survey. For this reason, a semi-structured digital questionnaire was developed and sent to public schools in twenty-four municipalities located in the Serra Gaúcha region, in the state of Rio Grande do Sul, Brazil. After receiving the questionnaires, data analysis and tabulation were performed, and finally, educational materials on agroecological techniques for managing pest insects and diseases were developed based on the identified needs. The obtained data revealed that the majority of schools were located in urban areas, predominantly serving elementary school students during the daytime and being part of the state education network. Furthermore, most schools lacked guidance from qualified professionals and had limitations regarding agroecological management of school gardens. Therefore, four educational brochures were developed and made available to elementary school students with the aim of sparking interest in sustainability and agroecology topics, while simultaneously promoting a greater appreciation of school gardens.

Сопровождение проектной деятельности в вузе с использованием веб-сервиса

The sustained interest in using project-based learning in higher education is driven by the need to prepare students for solving real-world problems and the potential of project activities to develop students’ independence, cognitive, and creative abilities. Based on psychological and pedagogical literature, the authors emphasize the importance of pedagogical and organizational support for students’ project activities. Considering the project assignment, the project learning leader (instructor) forms project teams and participates in supporting the student project team, ensuring its development as a cohesive unit. A software platform for supporting project activities has been developed for the Project Learning Organization Center at Cherepovets State University — a web service designed for communication between the client and the executor, as well as for supporting the work of the Project Learning Organization Center staff at the stages of project management: initiation, planning, management, and control. The web service is developed using the Moodle educational electronic course management system. It includes four categories of users: administrator, instructor (project learning leader), student, and external client. This solution allows for the support of project-based learning, considering the interests of students, project learning leaders, clients, and the educational organization.

A non-destructive, autoencoder-based approach to detecting defects and contamination in reusable food packaging

Today, environmental sustainability is one of the most critical issue. Hence, the food service industry is actively seeking ways to minimize its ecological footprint. One solution to address this issue is the adoption of reusable foodware in the food service industry. This approach requires a careful process for the collection and thorough cleaning of the foodware, ensuring it can be safely reused. However, reusable foodware might be damaged during the collection process, which can pose food safety hazards for customers. Additionally, there are cases where the cleaning process might not effectively remove all contaminants and therefore cannot be reused after the washing process. To ensure consumer safety, a manual inspection is typically conducted after the cleaning process. However, this step is labor-intensive and prone to human error, particularly as workers’ attention may decrease over extended periods. Consequently, the adoption of precise and automated methods for detecting defects and contaminants is becoming crucial, not only to ensure safety but also to achieve scalability and enhance cost-efficiency in the pursuit of environmental sustainability. In our research, we explore various data augmentation strategies and the application of knowledge transfer from various samples of reusable food containers. This method only requires few images from a clean sample to teach the network about normal patterns, and to detect defects by identifying irregular details that do not exist in normal samples. This allows us to rapidly deploy the detection system even with a limited number of collected samples. Experimental results demonstrate the effectiveness of our approach in detecting both contamination and cracks on food containers.

Corporate governance for sustainable development in Vietnam: Criteria for SOEs based on MCDM approach.

This research explores the nexus between corporate governance and sustainable development, focusing on State-Owned Enterprises (SOEs) in Vietnam. Recognizing the pivotal role of SOEs in the national economy, this study employs a Multi-Criteria Decision-Making approach (MCDM) to assess and enhance the corporate governance frameworks of these entities. First, the Data Envelopment Analysis (DEA) model is employed to identify the most qualified prospective SOEs firms based on several quantitative criteria. Then, the spherical fuzzy analytic hierarchy process (SF-AHP) model is used to identify priority weights for a given set of qualitative criteria, the Evaluation based on distance from average solution (EDAS) model is implemented to rank enterprises in the SOEs sector. To validate the proposed models, a case study conducted within the Vietnamese electric power industry is utilized. The MCDM methodology integrates diverse factors such as business management, corporate social responsibility, and corporate governance shareholder to construct a comprehensive evaluation framework. By applying this approach, the study aims to identify the key drivers and barriers influencing corporate governance practices within Vietnamese SOEs. The study's findings illustrate the efficacy of the suggested approach in evaluating corporate governance performance, providing valuable insights for policymakers, corporate leaders, and stakeholders involved in shaping the governance landscape of SOEs in Vietnam. By aligning corporate governance with sustainable development principles, the research aims to contribute to the ongoing discourse on responsible business practices, offering practical recommendations to enhance the performance and resilience of SOEs in the pursuit of long-term socio-economic and environmental sustainability.

Revelando desigualdades espaciais de renda e raciais e padrões de segregação com um indicador configuracional de acessibilidade potencial.

Abstract Urban segregation has been a central challenge in the pursuit of equity and sustainability, especially in Latin American cities. The existing body of research on segregation, however, has predominantly focused on cities in the United States and Europe. Most existing metrics on segregation do not usually explicitly address the spatial dimension and diversity of cities’ spatial structures. As a result, there is still a gap in the methods to properly capture the spatial relationships implied in segregation. This paper proposes and applies a network-based method for assessing the inequalities in access to opportunities for different social groups (income and race), and the patterns of socio-spatial segregation based on urban accessibility levels. We apply the method to the city of Pelotas, Brazil, combining the street network configuration with population densities and spatial distribution of urban opportunities. Results revealed that high-income white groups dominate the accessibility levels, benefiting from a concentration of opportunities in the central district, while low-income non-white groups experience poorer accessibility. The method allowed to uncover a center-periphery segregation pattern, although more complex and spatially diversified, providing valuable insights that can inform urban planning and policy-making efforts at the intraurban scale.

An empirical assessment of the influence of digital transformation on sports corporate sustainability.

The trend of digital transformation fosters enterprise change, helps cultivate enterprises' own competitive advantages and is crucial to the advancement of sports enterprises' sustainable development in the framework of the emerging digital economy as a national strategy. However, there have been few empirical studies on the microlevel of digital transformation and its impact on the sustainability of sports organizations. Therefore, the sustainable growth dynamic model is used to construct indicators of corporate sustainability by referencing 48 sports corporations listed on Shanghai and Shenzhen A-shares markets and the New Third Board in China from 2012 to 2021. The intrinsic relationship between digital transformation and the sustainable development of sports enterprises and the underlying mechanism of action are explored by constructing a panel fixed effects model, a chain mediating effects model, and a panel threshold model. The most important contribution is as follows: To provide a useful reference for analyzing enterprise digital transformation, a more complete indicator indicating the extent of corporate digital transformation is built. The micro viewpoint broadens our awareness of sustainable development in sports organizations and deepens our understanding of the interaction model between sustainable development and enterprise digital transformation. This study provides methodical evidence and insights for an accurate understanding of digital transformation for sustainable enterprise development, looking into the "black box" of the mechanism between digital transformation and sustainable business development. The results show that digital transformation significantly aids sports enterprises in their pursuit of long-term sustainability. Heterogeneity tests demonstrate the pivotal role of digital transformation in advancing the sustained growth of sports firms and high-tech sports enterprises situated in the eastern region of China. Regarding transmission mechanisms, the chain mediating effect of enterprises' digital transformation on improved technological innovation and TFP, which in turn promote long-term business growth, has yet to be validated. Further examination exposes that within the context of the correlation between digital transformation and the sustainability of corporations, there is a single threshold effect based on financing restrictions and operational costs and a double threshold effect based on operational efficiency.

Integrated Consideration of Data Flows and Life Cycle Assessment in Vehicle Dismantling processes

The pursuit of environmental sustainability and resource conservation has underscored the growing significance of the circular economy paradigm across industries. This transformation is particularly pertinent within the automotive industry, necessitating a profound restructuring of the value chain, with a specific focus on end-of-life considerations. Significant potential for circular economy arises from the thorough examination of end-of-life vehicles and processes, involving strategies such as component reuse, material recycling and primary resource reduction. Providing process-, product-, component-, and material-specific information at the end-of-life of automotive vehicles can improve decision-making regarding circular strategies. It also demands for new digital solutions. This paper addresses an integrated approach of data flow analysis and Life Cycle Assessment (LCA) to enable a comprehensive monitoring of the environmental impact of these processes. First, the use case of end-of-life dismantling processes is presented - including pyrotechnics neutralization, vehicle dehydration, disassembly of reuse components as well as vehicle compaction. Secondly, the data demand respective information and material flows is depicted. As a main result, the LCA data flow model specifically tailored to the end-of-life vehicle dismantling processes is described. This model serves as a fundamental basis for analyzing the environmental impact of end-of-life processes combined with the underlying data flow.

Virtualization of Museums as an Element of the Modern Education of Young Tourist Specialists

The article justifies the expediency of training specialists in the field of tourism by means of museum virtualization. It is emphasized that the development of modern information technologies shapes the theory and practice of electronic education. Various definitions of the term ‘virtual museum’, types of virtual museums, criteria for their classification, reasons for popularity, and the history of their development are partly presented. It is emphasized that virtual museums are characterized by structural and functional diversity and are of great importance for the development of cultural tourism. The results of a student survey are presented, confirming the feasibility of using virtual tours in the educational process: it is interesting for students, increases the level of mastery of professionally-oriented knowledge and skills, promotes the development of a sustained in-depth interest in communication with museum objects, the development of creative abilities, the formation of media competences. It is shown that virtual museums provide an opportunity to fill the learning process with new interesting content through the use of modern Internet technologies.

The Effects of Organizational Culture and Organizational Leadership Styles on Organizational Performance and Success: A Case Study of Public Health Institutions in the Bono Region of Ghana

This study evaluated the degree to which the existence of and the application of various leadership styles and qualities impacts organizational success in public health institutions in the Bono and Ahafo region of Ghana. A cross-sectional research design with quantitative approach was used for this study. A total population of 700 junior and middle-level staff was considered out of which 281 were initially sampled via Slovin’s sample formula and used for the study. 240 copies of the questionnaires were finally received and were used in the data analysis. Data were collected using a structured questionnaire developed by modifying the Multifactor Leadership Questionnaire MLQ of Bass and Avolio. Cronbach alpha was used to test the research instruments for reliability and to determine the internal consistency. An expert judgment method was employed to determine content validity. One sample t-test and a non-parametric test were conducted on the hypotheses. Pearson correlation analysis was conducted to establish the degree of relationship between the dependent variable and independent variables while general regression was used to determine how the independent variables affect the dependent variable. Significance level as pegged at p =0.05. Data analysis was done with SPSS. Pearson’s correlation techniques were adopted and used to analyze the data at a 5% level of significance. Descriptive and inferential statistics were used to present the results of the study and the findings and recommendations offered based on existing literature and field data. The results of the study showed that of all leadership styles, the existence of and the application of transformational and democratic (ethical) leadership qualities and organizational performance and success have a strong positive and significant correlation. The study concluded that although all leadership styles are critical success factors that can bring about radical positive changes in employees and health facilities, emphasis must be on transformational or ethical (democratic), or the combined effect of the two at the same time if much success is to be achieved. The study recommended that management at all levels within the health sector must endorse transformational and democratic leadership styles, offer good organizational development plans, and ensure stronger teamwork with sustained positive mindsets and interests among their employees to harness their full potential for maximum organizational performance and success.

ЕВРАЗИЙСКИЙ ВЕКТОР В ИССЛЕДОВАНИЯХ АНАЛИТИЧЕСКИХ ЦЕНТРОВ КЫРГЫЗСТАНА

The article considers think tanks in Kyrgyzstan that have chosen or pay significant attention to the issues of Eurasian integration within the framework of the Eurasian Economic Union as a priority area of their activities. The author emphasizes that the central issue of the article is the publication activity of “thought factories”, which analysis provides insight into the number of works (articles, analytical reviews, monographs, etc.) published by one or another think tank on the topic of integration, as well as into a wide range of subjects related to Eurasian integration. The study of publications allows the author to conclude that there is no large, sustained research interest in the Eurasian Economic Union projects among the majority of Kyrgyzstani “thought factories”. According to his data, out of 24 organizations, only 4 are comprehensively engaged in Eurasian integration issues, and all 4 are state think tanks (the Center for Analysis of International Relations at the Diplomatic Academy of the Ministry of Foreign Affairs of the Kyrgyz Republic, the National Institute for Strategic Studies under the President of the Kyrgyz Republic, and interstate university think tanks at the Kyrgyz-Russian Slavic University). Local non-state think tanks of the republic have ties with Western structures represented by governmental, non-governmental and non-profit organizations and focus on issues far removed from Eurasian integration

Early Energy Consumption Prediction as a Key Element in Smart City Sustainability

In the era of smart cities, the pursuit of sustainability stands as a paramount goal, with energy management playing a central role. This paper is dedicated to the exploration of early energy consumption prediction as a linchpin in the realization of sustainable smart cities. Employing advanced long short-term memory (LSTM) networks, we introduce a potent predictive model tailored to anticipate energy consumption patterns within urban environments. Notably, our model achieves remarkable performance metrics, with a root mean square error of 547.71 and a strikingly low mean absolute percentage error (MAPE) of 1.22. Through meticulous comparisons against baseline models, our LSTM-based approach emerges as a beacon of accuracy, reliability, and sustainability. Beyond predictive analytics, our research offers actionable insights for urban planners and policymakers, fostering the creation of greener, more sustainable, and ecologically responsible smart cities that harmonize technological innovation with environmental stewardship. As smart cities continue to evolve, our work lays the foundation for a future where sustainability is not merely a goal but a reality.

Effects of Mastery Learning Approach on Interest and Performance in Trigonometry among Senior Secondary School Students, Katsina State, Nigeria.

The study investigated the effects of mastery learning approach on interest and performance in trigonometry. It employs quasi-experimental design using pretest, post-test and control groups. The population of the study consists of all SS2 students in Katsina state. Four research objectives, research questions and null -hypothesis were posed and tested in the study. Four education zones were purposively sampled and four secondary schools were randomly selected from the four education zones. Multi-staged sampling technique was employed. The instruments used for the study were Trigonometric Interest Scale (TIS) and Trigonometric Performance Test (TPT). TPT and TIS were validated by experts from the department of psychology/counseling and department of mathematics Federal College of Education, Katsina. The reliability of both TPT and TIS were 0.63 and 0.73 using Pearson Product Moment Correlation Coefficient (PPMCC) and Cronbach alpha coefficient respectively. The data were analyzed using mean, standard deviation, Independent t-test, Mann Whitney U-test and ANCOVA. The four Null –hypotheses were tested at .05 level of significance and the study revealed that there was a significant difference between the interest mean level of students taught trigonometric concepts (MRe=181.95; MRc=139.05; Z (319) = 4.152 ; p=.00< .05) using MLA and those using conventional method; there was a significant difference between performance mean score of students taught trigonometric concepts using MLA (F(319) = 225.2; P=0.000£ .05) and those taught using conventional method; there was no significant difference between the interest mean level of boys (Mr =78.6, Z (319)=556 , p = 0.53 > 0.05) and girls (Mr = 82.5) and there was no significant difference between the learning mean performances of boys and girls taught trigonometric concepts using MLA (Mm =61.6; Mf =62.7; Sdm=9.6; Sdf=7.9; t(158)=0.74 and p=0.46>.05). By promoting an inclusive and supportive environment, MLA ensures that all students, regardless of gender, can achieve mastery and develop a sustained interest in mathematics. Adopting MLA can thus be a pivotal step towards improving educational outcomes and fostering a more equitable academic landscape. The study recommended that teachers should apply the Mastery Learning Approach (MLA) in classroom settings to stimulate students interest in mathematics. This method will help students thoroughly master the content of any given concept taught, leading to improved academic performance.

Pesquisa sobre construção de informação do gráfico do conhecimento baseado na recuperação de literatura na aprendizagem de inglês

Abstract This study aimed to explore the construction of an English language knowledge graph based on literature retrieval to support intelligent education. A questionnaire was administered to collect data on students’ experiences with traditional and technology-enhanced learning approaches. Literature was also retrieved and analyzed to populate the knowledge graph domains. The results showed that implementing a knowledge graph significantly improved learning personalization and fostered greater student engagement compared to conventional teaching methods. Real-time analytics and continuous feedback further optimized the learning process. Post-implementation assessments found notable gains in students’ academic performance and inclination toward English learning. The personalized, adaptive learning environment facilitated by the knowledge graph more effectively sustained interest and promoted achievement. In conclusion, knowledge graphs constructed through literature analysis hold promising potential for advancing English education when incorporated into intelligent tutoring systems. By mapping interconnections within the subject domain visually and computationally, they can power highly customized instruction tailored to individual needs.

Towards Sustainable Tourism: An In-Depth Study Of Green Entrepreneurship Strategies In Indonesia

Sustainable tourism has emerged as a critical global concern in recent years, with increasing attention directed towards the environmental impact of the tourism industry. Indonesia, renowned for its natural beauty and cultural diversity, has witnessed a surge in tourism activities, accompanied by growing environmental challenges. This research paper presents a comprehensive qualitative analysis of green entrepreneurship initiatives within the Indonesian tourism sector. This study utilizes secondary data sources, primarily drawing from previous research journals, to investigate the strategies and practices employed by green entrepreneurs in the Indonesian tourism industry. The research explores the adoption of sustainable and environmentally friendly business models, innovations in eco-friendly technologies, and partnerships for conservation efforts. It also examines the challenges and opportunities faced by green entrepreneurs in their pursuit of sustainability. The findings of this research contribute to our understanding of the role of green entrepreneurship in mitigating the environmental impacts of tourism in Indonesia. By shedding light on successful strategies and identifying areas for improvement, this study aims to guide policymakers, entrepreneurs, and stakeholders toward more sustainable tourism practices. Ultimately, this research seeks to promote the preservation of Indonesia's rich natural and cultural heritage while fostering economic growth through responsible and environmentally conscious entrepreneurship.

Uluslararası Ticarette Sürdürülebilirliğin Sağlanması Bağlamında Blokzinciri Teknolojisi Kullanımının Potansiyel Avantajları

Sürdürülebilirlik, son dönemde dünya gündeminin en üst sıralarında yer alan ve özel önem atfedilen bir konudur. Çevresel, sosyal ve ekonomik açıdan sürdürülebilirliğin sağlanamaması durumu dünya çapında çok çeşitli olumsuz sonuçlara neden olabilecek ciddi bir risk olarak kabul edilmektedir. Sürdürülebilirlikle ilgili sorunların çözümünde teknolojik gelişmeler oldukça önemli bir rol oynamaktadır. Merkeziyetsiz dağıtık yapısı ve işlemlerin aracılar olmadan otomatik olarak gerçekleştirtilebildiği sistemi ile blokzinciri teknolojisi, yeşil enerjiden gıda güvenliğine kadar sürdürülebilir kalkınma ile ilgili sorunların çözümünde önemli bir araç olarak görülmektedir. Uluslararası ticaret mevcut haliyle sürdürülebilirlik alanında gelişmeye açık alanların başında gelmektedir. Sağlamış olduğu farklı özellikler sayesinde blokzinciri teknolojisinin uluslararası ticaretin daha sürdürülebilir biçimde gerçekleştirilmesini mümkün kılacak uygulamalarda kullanımına yönelik artan bir ilgi bulunmaktadır. Uluslararası ticarette blokzinciri kullanımı ile ilgili kapsamlı araştırmalar yapılmış olmasına rağmen sürdürülebilirlik yönünden blokzincirin uluslararası ticaretteki uygulamalarını genel olarak inceleyen çalışmalar sınırlı sayıdadır. Bu çalışmada Birleşmiş Milletler Sürdürülebilir Kalkınma Amaçlarına ulaşma yolunda uluslararası ticaretin daha sürdürülebilir olarak gerçekleştirilmesine fayda sağlayabilecek potansiyel blokzinciri uygulama alanları kavramsal olarak incelemektedir. Çalışma kapsamında, sürekli gelişen bir teknoloji olan blokzincirin uluslararası ticaret alanında kullanımı ile çevresel, ekonomik ve sosyal sürdürülebilirlik açısından çeşitli avantajlar sağlanabileceği tespit edilmiştir. Gelecekteki araştırmalarda bu alandaki olası yasal düzenlemelerin etkilerinin incelenmesi faydalı olacaktır.

Stakeholder Value Creation through Business Restructuring: Post Sanctions Evidence from Russian Airlines

The study is devoted to evaluating of turnaround strategies used by Russian airlines to overcome negative influence of 2022 crisis caused by sanctions pressure of West regulators in terms of ability to create value both for financial and non-financial stakeholders. To conduct a quantitative analysis of the effectiveness of turnaround strategies, evaluation methods based on traditional accounting indicators were used, as well as VBM indicators that take into account an opportunity cost. A qualitative analysis includes the estimation of management actions and decisions in terms of whether they violate interest of companies’ major stakeholders. The study was carried out on the basis of such indicators as: PBITD/CE, PBITD/TD, ROA,Gross margin, EBITDA margin, Net Debt to EBITDA, EVA, Sustainable growth index and Interests harmonized index. As a result of the study, the features of turnaround strategies used by Russian airlines, namely PJSC Utair and LLC Pobeda were studied. The accounting ratios as well as the dynamic of economic profit were evaluated. The Growth sustainability matrix was constructed. The effectiveness of turnaround strategies in terms of value creation both for financial and non-financial stakeholders was assessed and the conclusions about prospects of companies’ further development were made. The above results can be taken into account in the development of more sustainable turnaround strategies by other companies faced with challenges.