A review of tourism and climate change mitigation: The scales,scopes, stakeholders and strategies of carbon management

Tourism needs to reduce emissions in line with other economic sectors, if the international community's objective of staying global warming at 1.5°-2.0 °C is to be achieved. This will require the industry to half emissions to 2030, and to reach net-zero by mid-century. Mitigation requires consideration of four dimensions, the Scales, Scopes, Stakeholders and Strategies of carbon management. The paper provides a systematic review of these dimensions and their interrelationships, with a focus on emission inventory comprehensiveness; allocation principles at different scales; clearly defined responsibilities for decarbonization; and the identification of significant mitigation strategies. The paper concludes that without mitigation efforts, tourism will deplete 40% of the world's remaining carbon budget to 1.5 °C. Yet, the most powerful decarbonization measures face major corporate, political and technical barriers. Without worldwide policy efforts at the national scale to manage the sector's emissions, tourism will turn into one of the major drivers of climate change.     

Distinguishing attributes of high-growth ventures

Since the late 1990s, executives have been warned that explosive company growth is essential to producing superior financial performance. For executives who recognize that this contention accurately describes their situation and want to upgrade their competitive capabilities, the challenge is planning to grow fast while understanding and avoiding the risk of fast failure. In this article, we identify promising competitive strategies by studying businesses that have sought high-growth and succeeded in achieving it. The dataset consists of the fastest growing new ventures in the U.S. as selected for the Inc. 500. The results of a quantitative and qualitative analysis show that these businesses rely on different combinations of attributes related to advanced technology, market aggressiveness, and functional excellence. We discuss 12 of these attributes and look at the demographic characteristics of the Inc. 500 and their implications for new venture creation.     

The Scops owl (Otus scops) under human-induced environmental change pressure

Biodiversity is declining across Europe. Modern agricultural practices, habitat fragmentation, land abandonment and climate change are key factors causing current trends in environmental change. Mobile organisms such as raptors, positioned high in the food chain, are good indicators of negative or positive landscape dynamics, since their response is fast. This assumption was tested by investigating the Scops Owl (Otus scops) population in a traditional Central European cultural landscape (Goričko Nature Park [GNP]) in Slovenia. The negative trend in male calling Scops Owls was correlated with static and dynamic environmental change variables derived from remotely sensed or field-based, multi-temporal data sources. Key geospatial predictors were identified and used for bird calling and breeding (C&B) suitability modelling. All geospatial models developed predicted a decline in C&B suitability (even by 33%) in almost all areas where the bird is currently active. However, the NE part of the GNP could achieve better C&B conditions for theScops Owl in the coming years (a potential 36% increase in suitability). Predictions indicate that more effort and action, to conserve the Scops Owl in the study area should be implemented in the N, NE and E part of the hilly GNP. Our results are thus highly applicable not just for decision makers in this protected area but rather in all areas across the Scops Owl’s continental population, since the methodology is easily replicable and transferable.     

A relational view of climate adaptation in the private sector: How do value chain interactions shape business perceptions of climate risk and adaptive behaviours?

Studies exploring climate change adaptation in the private sector have seldom investigated the effect of business network interactions on climate vulnerability and adaptation outcomes. This paper proposes a novel theoretical framework to explore how business–network dynamics affect risk perceptions and adaptive behaviours in business firms. The framework is empirically grounded in a comparative analysis of business–network dynamics from three agricultural value chains in Jamaica that are vulnerable to climate change impacts. The results illustrate how the exposure, sensitivity, and adaptive capacity of value chain actors are influenced by business interdependencies and interfirm relationships. We find that the level of formality of business exchanges (contractual or noncontractual), the level of resource interdependency, and the ability to diversify access channels to critical resources can influence the propagation of climate‐related risks and influence actors' exposure and sensitivity to those risks. The study also offers evidence of the role played by bonding and bridging relational ties on adaptive capacity. The framework and findings provide a foundation for a new research agenda exploring a relational view of firm adaptation strategy in response to climate risks.     

The Death and Revival of Usury in China: An Institutional Analysis

The practice of usury has recently provoked an intense debate in China. While the practice is widely condemned, prominent figures have sought to legitimize it with economic analysis. The institutional competition between ancient usury and modern money and banking has persisted for centuries and seems far from ending. This article examines the institutional factors underpinning the revival of usury in China after a thirty-year stretch (1948–1978), during which the practice had virtually disappeared. The revival of usury is attributed mainly to a pattern of uneven development in China. Usury, by its nature, is a drag on economic productivity and a source of social discord. As China endeavors to achieve a more broad-based human flourishing, the practice of usury must be prohibited strictly once more.     

Managing Legitimacy in Business-Driven Social Change: The Role of Relational Work

This paper examines how companies manage their legitimacy in driving social change, drawing attention to how companies proactively negotiate their involvement with nonmarket actors. Building on the legitimacy-as-process perspective, I argue that companies construct the legitimacy of their involvement by engaging in relational work, that is, by investing efforts in shaping their relations with others and thereby redefining roles and responsibilities. To explore the role of relational work in business-driven social change, I present an inductive, interpretive study of a pharmaceutical company’s efforts to build a market for its products by improving diabetes care in Indonesia. Grounded in the empirical study, I develop a process model to explain how legitimacy is redefined from the bottom-up, that is, how a company’s involvement is re-negotiated in situ and crafted to attain the social approval of a wider audience. Advancing the micro-foundations of nonmarket strategy, the model offers new insights into how companies can organize with nonmarket actors and how they can effectively publicize their involvement as socially responsible. I also discuss the model’s implications for a more critical research agenda on the political responsibilities of companies in social change.     

The amenity value of climate change across different regions in the United States

This article estimates the effect of climatic variables on house prices near ski resorts in different regions in the United States. We find that among the climate variables we test, average winter temperature has the most significant and robust effect where an increase in this climate variable increases house prices near ski resorts at a decreasing rate. At the mean average winter temperature levels, an increase in average winter temperature reduces housing prices for all regions except the Northeast. The consumer surplus from projected average winter temperature changes is negative across all regions and the largest negative effects are in the Midwest and Mountain regions.     

Financial statement change and equity risk

While financial statement analysis is a rich tool, there is no widely used holistic measure of the amount of change in corporate financial statements. Statistical decomposition analysis has been employed as an index of the amount of change, but has fallen into disuse because it does not allow negative accounting numbers. As a remedy, this paper suggests three distance measures adapted from cluster analysis that avoid this critical data limitation. We successfully apply these proposed distance measures to explain the total and systematic risk of stock returns (in the CAPM and Fama–French model), corporate bond ratings, and corporate distress.     

Agrarian class struggle and state formation in post‐colonial Pakistan, 1959–1974: Contingencies of Mazdoor Kisan Raj

State formation in post‐colonial societies is often explained with reference to the roles of elites. In Pakistan, landed elites continue to dominate the rural political economy through informal and formal institutions, but the history of its largest peasant movement shows how agrarian class struggle can change the institutional forms and functions of power. The Hashtnagar peasant movement achieved lasting de facto land and tenancy reforms in north‐western Pakistan in the 1970s through forcible land occupations that were regularized by state intervention. I argue that although divisions among elites were important, the state intervened in favour of peasants due to the rising organizational power of tenants and landless labourers under the centralized leadership of the radical Mazdoor Kisan Party. Agrarian class struggle weakened the informal power of landed elites and gave rise to institutions of peasant power. However, other fractions of the ruling class sought to undermine their landed opponents while co‐opting the militancy of the peasant movement by strengthening state institutions to intervene in favour of upwardly mobile tenants. The latter were separated from poorer peasants and the landless, thus demobilizing the movement.     

Exploring social media usage in the public sector: Public employees' perceptions of ICT's usefulness in delivering value added

The present paper explores the effectiveness of the implementation and use of information and communication technologies (ICT) in the public sector, with a specific focus on the role of social media in improving both public decision-making processes and the quality of public services. We sought to deepen knowledge on this issue by disseminating structured questionnaires to Italian public servants, questioning them about the potentialities and criticalities of social media use in the public sector. Logistic regression analysis was used to analyse the data.The paper has two main goals. First, we aim to explore public servants' evaluation of social media's impact on public decision-making processes. Second, we are interested in understanding the main socio-demographic variables affecting public servants' perceptions about the importance of social media in these processes. This paper enriches the literature on public sector use of ICT and advances topical discussion on organizational change and decision-making processes in public administrations. In so doing, the paper reveals interesting practical and policy implications by highlighting the key aspects affecting social media's effectiveness and usefulness in the decision-making process and its impact on the public services delivered to the citizenry.