Economics, Management and Sustainability (E-Journal)
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E-business platforms for animation services in hospitality: Sustainable revenue models and digital transformation impact in European hotels (2022-2024)
Full text linkPurpose. This study investigates the impact of e-business platforms for animation services on environmental sustainability metrics and revenue performance in the European hospitality sector. It aims to determine how digital transformation in entertainment services contributes to the Sustainable Development Goals while simultaneously optimizing hotel profitability. Methodology. A mixed-methods comparative analysis was conducted on a sample of 147 hotels (3–5 stars) across eight EU countries (2022–2024). The study compared 74 properties utilizing digital booking platforms for animation services against 73 using traditional methods. Data sources included Booking.com analytics, corporate sustainability reports, and Eurostat tourism data. The analysis employed multiple linear regression, independent-samples t-tests, and Pearson correlation to assess the relationships between digital adoption, environmental metrics, and financial outcomes. Results. Hotels adopting digital animation platforms demonstrated a 43.9% reduction in paper consumption, a 10.1% increase in energy efficiency, and a 25.4% improvement in waste reduction compared to traditional operators. Financially, these properties achieved a 26.5% increase in animation service revenue per room night. Mobile-friendly interfaces and real-time availability were identified as critical drivers of guest adoption and satisfaction. Theoretical contribution. The research provides the first systematic empirical evidence linking the digitalization of animation services to measurable sustainability outcomes, extending the Technology Acceptance Model to experiential hospitality services. It validates the integration of environmental impact measurement with financial performance analysis in the context of hotel entertainment. Practical implications. The findings offer hotel managers a validated framework for digital investment, indicating a 4.0-year payback period. The results support decision-making for digital transformation strategies that align operational efficiency with EU Green Deal objectives and corporate sustainability targets.
Sustainable Development Goals (SDGs): SDG 8: Decent Work and Economic Growth; SDG 9: Industry, Innovation and Infrastructure; SDG 12: Responsible Consumption and Productio
What drives and undermines domestic worker engagement in resettled farms? Insights from rural Zimbabwe
Full text linkPurpose. This paper investigates the status, drivers and consequences of low employee engagement among domestic workers in resettled farms in rural Zimbabwe. It focuses on how employment conditions and employer practices shape domestic employees’ motivation, morale and turnover intentions. Methodology. The study adopts a quantitative research design based on a single case of resettled farms in Ward 32, Masvingo rural district. Data were collected using a structured questionnaire from 60 conveniently selected domestic workers and analysed using factor analysis and reliability tests in SPSS. Results. Findings show that employee engagement among domestic workers is extremely low, with respondents reporting poor working conditions, inadequate protective clothing, limited access to basic food items and poor housing. Key engagement drivers identified include two-way communication, leadership quality, compensation, regular feedback, working conditions, career development, rewards and recognition, work–life balance, organizational resources and perceptions of fair and equal treatment; depending on how these drivers are managed, they can either enhance or further erode engagement levels. Theoretical contribution. The study extends the employee engagement literature to marginalized and informal agricultural labour settings, highlighting the influence of socio-economic and institutional factors on domestic worker engagement in resettled farms. Practical implications. The results call on farm owners and policymakers to design targeted interventions that improve domestic workers’ material conditions, recognition and voice at the workplace. Addressing basic welfare deficits and strengthening fair employment practices can reduce labour turnover and support more sustainable agricultural production in resettled areas.
Sustainable Development Goals (SDGs): SDG 8: Decent Work and Economic Growt
Household savings shift in India: Financial inclusion, banking stability, and sustainable capital markets
Full text linkPurpose. This study investigates India’s household investment transformation (2015–2025), examining the shift from bank deposits to market instruments and its implications for financial inclusion, banking stability, and sustainable capital formation. Methodology. Mixed-methods longitudinal design combines descriptive analysis with econometric hypothesis testing. Household data from the Reserve Bank of India, SEBI, and All-India Debt and Investment Survey (48,000 observations) are analysed using logistic regression and time-series models. Results. Household deposit share declined from 48 per cent to 25 per cent, while market instruments rose from 40 per cent to 63 per cent. High financial literacy, income, and urban residence increase market participation by 18.8, 31.2, and 25.1 percentage points, respectively. However, participation disparities persist: urban residents and high-income households account for 55–58 per cent of investors, versus 35–12 per cent of the population. Declining deposit ratios are associated with slower credit growth to the MSME and renewable energy sectors - sectors critical to sustainable development. ESG-classified IPOs exhibit lower underpricing and superior long-run returns, suggesting that sustainability disclosure influences valuation. Theoretical and Practical Contributions. The study extends sustainable finance theory by linking household financial behaviour to macro-level resilience. Recommendations include targeted financial literacy programmes, diversifying bank funding to maintain credit supply to the SDG sector, and strengthening ESG disclosure standards to align retail investment flows with sustainable development objectives.
Sustainable Development Goals (SDGs): SDG 10: Reduced Inequalities; SDG 8: Decent Work and Economic Growth; SDG 13: Climate Actio
Enhancing investor attractiveness in Sri Lanka's apparel sector through environmental and social sustainability goals: A gap analysis
Full text linkPurpose: This study aims to explore how incorporating environmental and social sustainability goals can enhance investor attractiveness in Sri Lanka's apparel sector by identifying gaps between current practices and customer auditing expectations.
Methodology: The research employs a mixed-method approach, combining quantitative analysis of sustainability performance data from selected export-oriented apparel firms with qualitative insights from interviews with key stakeholders. The study focuses on leading companies, referred to as F1, F2, F3, F4, and F5, to maintain anonymity.
Results: The study reveals significant gaps between prevailing sustainability practices and customer auditing expectations, particularly in areas of energy efficiency, greenhouse gas emissions, and water management. Political instability and inconsistent policies were identified as significant barriers to long-term sustainability initiatives. The research also highlights the lack of standardized baseline data and technical expertise as key challenges.
Theoretical contribution: This study contributes to the literature on sustainable supply chain management in developing countries by providing a comprehensive analysis of the challenges and opportunities in aligning sustainability practices with investor expectations in the apparel sector.
Practical implications: The findings offer strategic recommendations for apparel manufacturers, policymakers, and industry associations to bridge identified gaps, including developing industry-wide sustainability standards, enhancing technical capacity, and advocating for supportive regulatory frameworks. These strategies aim to improve the sector's attractiveness to foreign investors while promoting sustainable development.
Sustainable Development Goals (SDGs): SDG 12: Responsible Consumption and Productio
Cost-benefit analysis and sustainability considerations in starting a restaurant: A case study from Sri Lanka
Full text linkPurpose: The primary purpose of this paper is to evaluate the financial viability and sustainability of launching a new vegetarian restaurant, "Tandoori Tales," in Sri Lanka, using a comprehensive cost-benefit analysis. The study aims to provide actionable insights for entrepreneurs and stakeholders in the hospitality sector, with a particular focus on sustainable business practices. Methodology: The research employs a case study approach, integrating detailed financial modeling, cost and revenue projections, and break-even analysis. The analysis includes both quantitative (financial calculations using Python and Matplotlib) and qualitative (market positioning, eco-friendly strategies) methods to assess the feasibility and sustainability of the business. Results: The findings indicate that "Tandoori Tales" can achieve financial sustainability within the first year of operation, with a projected net profit margin of 15.2% and a break-even point reached within 10 months. The adoption of eco-friendly practices, such as waste reduction, portion control, and the use of technology for inventory management, further enhances the restaurant's operational efficiency and aligns with the United Nations' Sustainable Development Goals. Theoretical Contribution: The paper contributes to the literature on entrepreneurship and sustainable business by demonstrating how rigorous cost-benefit analysis, coupled with sustainability-driven strategies, can inform successful SME start-ups in emerging markets. It bridges the gap between financial planning and sustainable management in the restaurant industry. Practical Implications: This study provides a replicable framework for aspiring entrepreneurs and policymakers to assess the viability of new ventures in the hospitality sector. It underscores the importance of integrating sustainability considerations – such as responsible resource use, waste management, and employee welfare – into business planning to enhance long-term success and contribute to the achievement of the Sustainable Development Goals (SDGs).
Sustainable Development Goals (SDGs): SDG 8: Decent Work and Economic Growth; SDG 9: Industry, Innovation, and Infrastructure; SDG 10: Reduced Inequalities; SDG 16: Peace, Justice and Strong Institutions
Beyond compliance: The impact of ISO 45001 on corporate efficiency and profitability in Southern Africa – a resource-based view
Full text linkPurpose: This study investigates the financial implications of adopting the ISO 45001 Occupational Health and Safety (OH&S) management standard within the Southern African region. Specifically, it examines whether certification leads to improved revenues, efficiency, and profitability, and how these outcomes are moderated by prior OHSAS 18001 certification and industry sustainability sensitivity. Methodology: The research employs a quantitative approach using a sample of 98 publicly listed companies in Southern Africa that achieved ISO 45001 certification between 2022 and 2024. An extended event study method was used to analyze abnormal performance, complemented by a Weighted Least Squares (WLS) regression to identify moderating contextual factors. Results: The empirical analysis reveals that ISO 45001 certification positively impacts corporate efficiency and return on assets (ROA) but has no statistically significant effect on revenue growth. Furthermore, the positive impact is diminished for firms with prior OHSAS 18001 certification and those operating in sustainability-sensitive sectors. The theoretical contribution: The study contributes to the Resource-Based View (RBV) and Signaling Theory by demonstrating that in developing markets, OH&S standards function primarily as internal resources for operational efficiency rather than external market signals for revenue generation. Practical implications: The findings suggest that managers in Southern Africa should view ISO 45001 as a tool for cost reduction and process optimization. For policymakers, the study provides economic justification for enforcing safety standards, linking employee welfare (SDG 3 and 8) directly to corporate financial health.
Sustainable Development Goals (SDGs): SDG 3: Good Health and Well-being; SDG 8: Decent Work and Economic Growt
Determinants of improved rice seed adoption in Nepal's Terai Region: A probit analysis for sustainable agricultural development
Full text linkPurpose: This study investigates the socioeconomic and institutional factors influencing improved rice seed adoption among smallholder farmers in Nepal's Terai region to inform sustainable agricultural policies and enhance food security. Methodology: Primary data from 347 household surveys collected over three years (2019-2021) in Bardiya district were analyzed using probit regression modeling to identify significant determinants of adoption decisions. Results: Results reveal that larger landholdings (coefficient 0.262, p=0.020) and access to agricultural training (coefficient 0.356, p=0.022) significantly drive adoption, while demographic factors show no statistical significance. Adoption rates declined from 82.42% (2019) to 45.4% (2021), despite 88.46% of farmers expressing willingness for future adoption. Theoretical Contribution: The study contributes to technology adoption literature by identifying key barriers and enablers in smallholder farming systems, providing empirical evidence for sustainable agricultural transformation in developing countries. Practical Implications: Findings inform targeted policy interventions including enhanced training programs, financial support mechanisms, and land tenure policies to promote sustainable agriculture and achieve SDG 2 (Zero Hunger) objectives.
Sustainable Development Goals (SDGs): SDG 1: No Poverty; SDG 2: Zero Hunger; SDG 8: Decent Work and Economic Growth; SDG 9: Industry, Innovation and Infrastructure; SDG 12: Responsible Consumption and Production; SDG 13: Climate Action; SDG 15: Life on Lan
Cryptocurrency integration: A blessing or a curse for economic development and stability?
Full text linkPurpose: To systematically review and synthesize existing empirical evidence on the multifaceted impacts of cryptocurrency integration on economic development and stability, aiming to determine whether its proliferation is predominantly beneficial or detrimental to sustainable economic systems. Methodology: A systematic literature review was conducted following the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) guidelines. The Scopus database was searched for empirical articles published between 2010 and 2024, focusing on keywords related to cryptocurrencies, economic development, economic growth, financial stability, financial risks, and financial inclusion. A multi-stage filtering process led to the inclusion of 21 relevant research articles. Results: The review reveals a predominant consensus (52.4% of reviewed articles) that cryptocurrency integration has a negative impact on economic growth and stability, primarily due to volatility, systemic risks, and its use in illicit activities. While some studies highlight potential for financial inclusion (e.g., SME financing) and as a hedge in specific contexts, the broader findings point to significant challenges for monetary policy, regulatory oversight, and conventional banking paradigms. The theoretical contribution: This study consolidates fragmented research into a coherent overview, highlighting the complex and often contradictory effects of cryptocurrencies. It contributes to understanding the challenges digital currencies pose to traditional economic theories and models of financial stability, particularly within the context of achieving sustainable development. Practical implications: The findings urge policymakers to develop robust, globally coordinated regulatory frameworks to mitigate systemic risks, combat financial crime, and protect consumers. Financial institutions must adapt their risk management strategies to accommodate digital assets. The study also highlights the importance of public financial literacy programs regarding cryptocurrency risks and advocates for considering the impacts of cryptocurrency in broader economic and sustainable development planning.
Sustainable Development Goals (SDGs): SDG 8: Decent Work and Economic Growth; SDG 9: Industry, Innovation and Infrastructure; SDG 10: Reduced Inequalities; SDG 16: Peace, Justice and Strong Institutions
Impact of Industry 4.0 technologies on the financial performance of manufacturing companies: an empirical study in Cameroon.
No full textPurpose. This study aims to assess the impact of Industry 4.0 technologies - specifically Big Data, Internet of Things (IoT), collaborative robots, and Cyber-Physical Systems (CPS) - on the financial performance of manufacturing companies in Cameroon, addressing the research gap in the Sub-Saharan context. Methodology. Adopting a quantitative approach, primary data were collected via questionnaires from 104 manufacturing firms. The study employed Chi-square tests and binary logistic regression to analyse the relationship between technological adoption and key performance indicators, including Return on Assets (ROA), Return on Equity (ROE), turnover, and productivity. Results. The empirical findings indicate that integrating Big Data and IoT has a statistically significant positive effect on all measured financial indicators. Collaborative robots positively impact turnover, whereas Cyber-Physical Systems showed no significant correlation with financial performance in the studied context. The theoretical contribution. This research extends economic production theory to developing economies. It provides empirical evidence that digital transformation serves as a critical production input, significantly enhancing firm output and challenging the “IT productivity paradox” in African manufacturing sectors. Practical implications. The study suggests that manufacturing leaders in developing regions should prioritise investments in Big Data and IoT for immediate efficiency gains. Furthermore, it advocates for government-led subsidy policies to lower entry barriers for automation and foster international competitiveness.
Sustainable Development Goals (SDGs): SDG 8: Decent Work and Economic Growth; SDG 9: Industry, Innovation and Infrastructur
Impact of entrepreneurship on university students' academic welfare during the COVID-19 pandemic in Masvingo Province, Zimbabwe
Full text linkThe study explored how student entrepreneurship during the COVID-19 pandemic influenced academic welfare in Masvingo Province, Zimbabwe. By focusing on academic outcomes and entrepreneurial activities among university students, the study directly contributes to SDG 4: Quality Education, which promotes inclusive and equitable education, and SDG 8: Decent Work and Economic Growth, which encourages youth entrepreneurship, innovation, and sustainable employment. Qualitative research and descriptive survey design were employed to explore the aforementioned topic. The research sample was purposively sampled twenty students, seven lecturers, and two Student Affairs Division members. The research instruments that were used included questionnaires and interviews. The positive impacts established were that most students were involved in the business ventures, continued their studies, and were exposed to business ventures not offered in their curriculum. The study also revealed that some students poorly managed their time and missed lectures, resulting in psychological stress. Accordingly, it was suggested that students could employ business assistants and establish online shops to concentrate on their studies. The study recommended that universities support students through start-up funds, an inclusive timetable, and collaboration with telecommunications service providers. Students can also approach micro-financing institutions for assistance in setting up their businesses to generate funds for fees and other academic-related needs