International journal of economic perspectives

The role of environmental consciousness in shaping consumer buying behavior towards sustainable fabrics

2026-01-01T06:40:53+00:00

The environmental impact of the textile and apparel industry has increased the need to understand consumer behavior towards sustainable fabrics. This study empirically examines the role of environmental consciousness in shaping consumer buying behavior towards sustainable fabrics. A descriptive and analytical research design was adopted, and primary data were collected from 200 consumers using a structured questionnaire. Environmental consciousness was measured through environmental awareness, ecological concern, and personal responsibility, while buying behavior was assessed through purchase intention and preference. Descriptive statistics, correlation, and regression analysis were employed for data analysis. The findings reveal a significant positive relationship between environmental consciousness and consumer buying behavior towards sustainable fabrics. Environmentally conscious consumers demonstrate higher purchase intention; however, price sensitivity and limited availability remain key barriers to actual purchases. The study provides empirical evidence from the Indian context and offers practical implications for marketers and policymakers to strengthen green marketing strategies and promote sustainable fabric adoption.

Financial performance analysis of innovative and non-innovative organizations

2025-12-31T18:55:20+00:00

This study employs discriminant analysis to compare the financial performance of innovative and non-innovative organizations within the pharmaceutical sector in the Arab Maghreb. The analysis of two distinct samples pharmaceutical firms (innovative) and semi-pharmaceutical firms (non-innovative) revealed statistically significant superior financial performance among the innovative organizations. This superiority is attributed to significant differences in the following financial metrics: Cash Ratio (Dispon/DC), Fixed Asset Turnover (CA/AI), Current Asset Turnover (CA/AC), Return on Assets (ROA), Return on Sales (ROS), Permanent Financing Ratio (CS/AI), Equity Financing Ratio (CP/AI), Working Capital (FR), Working Capital Requirement (BFR), Treasury (T).

The impact of organizational learning on the financial performance of business organizations in the Arab Maghreb

2025-11-09T17:03:55+00:00

This study aims to examine the impact of the dimensions of organizational learning on the financial performance of business organizations in the Arab Maghreb. The standard modeling technique was used, relying on a hypothetical model methodology through structural equations. Among the key findings of the study are Organizational learning is an essential element for improving the financial performance of business organizations. By fostering an environment that encourages the acquisition, sharing, and application of knowledge, organizations can increase their efficiency and innovate new solutions to existing problems. Organizational learning promotes better decision-making processes and enhances adaptability to market changes. All these factors contribute to improved financial performance by increasing productivity, reducing costs, and improving the quality of products and services. Overall, organizational learning enhances the competitiveness of organizations in both local and international markets, leading to sustainable financial growth.

Unveiling behavioural biases under the influence of socio-demographic variables: Evidence from equity investors in Southern Assam

2025-12-27T09:27:49+00:00

With the consistent development of the financial market, equity investors’ investment behaviour has undergone significant changes. The inconsistent practice of rationality by financial market participants causes the existence of market anomalies, leading to persistent deviations from rational pricing that are often unaddressed by the theories of “traditional finance”. On the contrary, the theories of “behavioural finance” delineate how financial market participants systematically deviate from the rationality assumptions in the presence of behavioural biases, resulting in sub-optimal investment decisions. This study primarily explores the existence of behavioural biases among equity market participants in the Southern part of Assam. Based on the average value of the responses corresponding to each behavioural bias, the study finds the prominent presence of “anchoring bias”, followed by “representativeness bias” and “disposition effect” among equity investors of the region. The statistical findings of the “independent sample t-test” and “one-way ANOVA”, confirm a notable difference in “overconfidence bias”, “anchoring bias”, and “herding bias” due to differences in “gender”, “education”, “occupation”, “annual income”, and “investment experience” of the investors. With "multiple regression analysis," the study confirms that demographic variables of the investors significantly affect behavioural biases, especially, a notable variation is observed in “overconfidence bias” due to the difference in demographic determinants of equity investors.

Corporate governance, ESG, and innovation transparency: Evidence from French listed firms

2025-12-18T20:16:22+00:00

This paper examines how corporate governance mechanisms influence the voluntary disclosure of research and development (R&D) activities within the broader framework of environmental, social, and governance (ESG) transparency. Drawing on an unbalanced panel of 341 French listed firms over the 2012–2023 period, we explore the role of key board characteristics including independence, gender diversity, size, and CEO duality in shaping the extent and quality of innovation-related disclosure. Using both fixed-effects and system GMM estimations, the study addresses endogeneity concerns and firm-specific heterogeneity. Our findings reveal that board independence and gender diversity are significant drivers of R&D and innovation transparency, consistent with agency and resource dependence theories. Conversely, CEO duality remains negatively associated with disclosure levels, indicating reduced oversight and weaker ESG commitment. Board size exhibits a non-linear effect, suggesting that excessively large boards may hinder communication efficiency. Furthermore, the presence of CSR committees and higher ESG scores contributes to more comprehensive reporting on innovative activities. The findings highlight the complementary relationship between governance quality, sustainability orientation, and R&D disclosure. The study offers insights for policymakers, investors, and corporate leaders seeking to strengthen innovation transparency under the evolving requirements of the CSRD.

Income diversification and banking risk in the context of banking regulation in the WAEMU

2025-09-10T00:33:56+00:00

The objective of this study is to analyze the link between income diversification and banking risk in a banking regulation context. After applying the generalized method of moments to a sample of 70 WAEMU banks over the period 2011-2018, it appears that the diversification of banks' income contributes to risk diversification. Furthermore, risk is further reduced when banks comply with capital adequacy standards. The result implies that income diversification and banking regulation are complementary in reducing banking risk.

Artificial intelligence and tourism innovation as a lever for developing sustainable ecotourism: An analytical study of leading international experiences

2026-01-13T12:35:24+00:00

This study aimed to demonstrate the role of tourism innovation and artificial intelligence applications in supporting and enhancing sustainable ecotourism, through the use of the descriptive-analytical method. The study concluded that the Emirati and Spanish experiences have succeeded and proved effective in employing smart technologies to manage ecotourism destinations through monitoring systems based on artificial intelligence. The United Arab Emirates focused on creating interactive applications to raise visitors’ awareness of responsible environmental behavior. Spain, on the other hand, was distinguished by integrating tourism innovation into green transition projects through the development of digital platforms to distribute tourists and reduce environmental pressure on sensitive areas. These experiences confirm that artificial intelligence represents a strategic tool for developing ecotourism by improving efficiency, rationalizing resource use, and enhancing the tourist experience in a manner that supports sustainable development.

GOVERNANCE AS INTELLIGENCE: A Unified Theory of Governance Alpha, assets under governance, capital allocation and alignment in intelligent systems

2026-01-12T06:36:41+00:00

This paper introduces governance intelligence as a fundamental state variable governing the stability of intelligent, institutional and economic systems. It advances a unifying framework in which alignment in artificial general intelligence, institutional resilience and efficient capital allocation arise from the same structural condition: the conversion of expanding optionality into enforceable internal structure under bounded capacity. The framework formalizes this condition through a dynamic relation between governance intelligence and ungoverned potential, introduces Governance Alpha as a persistent source of surplus and operationalizes governance intelligence through Assets Under Governance (AUG) as a realtime, zero-trust metric. By treating alignment as endogenous governance capacity rather than external control, the paper provides a unified foundation for AGI safety, sovereign and institutional risk assessment, capital-market design and the safe scaling of digital and tokenized economies.

The tourism leakage paradox: innovative local sourcing models to maximize economic retention

2026-01-17T23:03:06+00:00

This article examines the tourism leakage paradox, whereby a significant share of tourism-generated revenue fails to remain in destination economies, limiting local development benefits. Despite tourism’s potential to stimulate employment and income, high reliance on imported goods, foreign ownership, and external supply chains results in substantial economic leakage, particularly in developing, rural, and island destinations. The paper conceptualizes leakage from both supply-side and demand-side perspectives and identifies local sourcing as a strategic response. It reviews innovative models such as supply chain localization, community-based procurement, inclusive sourcing, circular economy practices, and public–private partnerships. These approaches aim to strengthen regional value chains, enhance small and medium-sized enterprise participation, and increase multiplier effects within local economies. The study highlights policy, governance, and institutional mechanisms that support economic retention while acknowledging structural and capacity constraints faced by destinations. Overall, the article provides a comprehensive framework for destination managers and policymakers seeking to maximize tourism’s local economic impact.