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Performance Implications of Ties to the Government and SOEs: A Political Embeddedness Perspective

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Cited by:

  1. Hang Thu Nguyen & Tra Thi Dan Vu & Hiep Manh Nguyen & Michael Troege, 2022. "Political embeddedness and the adoption of environmental management practices: The mediating effects of institutional pressures," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(4), pages 965-983, July.
  2. Estrin, Saul & Meyer, Klaus E. & Nielsen, Bo B. & Nielsen, Sabina, 2016. "Home country institutions and the internationalization of state owned enterprises: A cross-country analysis," Journal of World Business, Elsevier, vol. 51(2), pages 294-307.
  3. Jackowicz, Krzysztof & Kozłowski, Łukasz & Mielcarz, Paweł, 2014. "Political connections and operational performance of non-financial firms: New evidence from Poland," Emerging Markets Review, Elsevier, vol. 20(C), pages 109-135.
  4. Lebedev, Sergey & Sun, Sunny Li & Markóczy, Lívia & Peng, Mike W., 2021. "Board political ties and firm internationalization," Journal of International Management, Elsevier, vol. 27(3).
  5. Trifonov, Dmitri, 2021. "Political connections of Russian corporations: Blessing or curse?," Journal of Behavioral and Experimental Finance, Elsevier, vol. 29(C).
  6. Wang, Kun Tracy & Shailer, Greg, 2022. "Multiple performance criteria for government-controlled firms," International Review of Economics & Finance, Elsevier, vol. 79(C), pages 75-96.
  7. Zheng, Weiting & Ang, Siah Hwee & Singh, Kulwant, 2022. "The interface of market and nonmarket strategies: Political ties and strategic competitive actions," Journal of World Business, Elsevier, vol. 57(4).
  8. Chomsorn Tangdenchai & Asda Chintakananda & George O. White, 2023. "Active and passive bribery’s impact on firm relational embeddedness: evidence from Thailand," Asian Business & Management, Palgrave Macmillan, vol. 22(4), pages 1773-1799, September.
  9. Marleen Dieleman & Henky Widjaja, 2019. "How powerful political ties appropriate resources and how weaker organizations protect themselves: A case study from Indonesia," Asia Pacific Journal of Management, Springer, vol. 36(1), pages 61-86, March.
  10. Pei Sun & Kamel Mellahi & Mike Wright & Haoping Xu, 2015. "Political Tie Heterogeneity and the Impact of Adverse Shocks on Firm Value," Journal of Management Studies, Wiley Blackwell, vol. 52(8), pages 1036-1063, December.
  11. Synthia Atas Sari & Tjia Fie Tjoe, 2017. "Board Remuneration and Good Corporate Governance in Indonesian State-owned Enterprises," Global Business Review, International Management Institute, vol. 18(4), pages 861-875, August.
  12. Xin Chen & En Xie & Marc Van Essen, 2021. "Performance feedback and firms’ R&D frequency: a comparison between state-owned and private-owned enterprises in China," Asian Business & Management, Palgrave Macmillan, vol. 20(2), pages 221-258, April.
  13. Woon Leong Lin, 2019. "Is Corporate Political Activity an Investment or Agency? An Application of System GMM Approach," Administrative Sciences, MDPI, vol. 9(1), pages 1-22, January.
  14. Jessie Zhou & Mike Peng, 2012. "Does bribery help or hurt firm growth around the world?," Asia Pacific Journal of Management, Springer, vol. 29(4), pages 907-921, December.
  15. Li, Can, 2020. "Enhancing or inhibiting: The impact of investment in political ties on the link between firm innovation and productivity," International Business Review, Elsevier, vol. 29(2).
  16. Jing Li & Jun Xia & Edward J. Zajac, 2018. "On the duality of political and economic stakeholder influence on firm innovation performance: Theory and evidence from Chinese firms," Strategic Management Journal, Wiley Blackwell, vol. 39(1), pages 193-216, January.
  17. Weiting Zheng & Na Ni & Donal Crilly, 2019. "Non‐profit organizations as a nexus between government and business: Evidence from Chinese charities," Strategic Management Journal, Wiley Blackwell, vol. 40(4), pages 658-684, April.
  18. Peter Rodgers & Peter Stokes & Shlomo Tarba & Zaheer Khan, 2019. "The Role of Non-market Strategies in Establishing Legitimacy: The Case of Service MNEs in Emerging Economies," Management International Review, Springer, vol. 59(4), pages 515-540, August.
  19. Röell, Christiaan & Osabutey, Ellis & Rodgers, Peter & Arndt, Felix & Khan, Zaheer & Tarba, Shlomo, 2022. "Managing socio-political risk at the subnational level: Lessons from MNE subsidiaries in Indonesia," Journal of World Business, Elsevier, vol. 57(3).
  20. Du, Yunzhou & Kim, Phillip H., 2021. "One size does not fit all: Strategy configurations, complex environments, and new venture performance in emerging economies," Journal of Business Research, Elsevier, vol. 124(C), pages 272-285.
  21. Gabriela Nicoleta Andri?an & Andra Modreanu, 2022. "Business Strategy: An Overview Of The Last Century," Management Strategies Journal, Constantin Brancoveanu University, vol. 56(2), pages 37-44.
  22. Benjamin M. Blau & Todd G. Griffith & Derek Larsen & Ryan J. Whitby, 2022. "Corporate lobbying and the value of firms: The case of defense firms and the 9/11 terrorist attacks," International Review of Finance, International Review of Finance Ltd., vol. 22(4), pages 759-769, December.
  23. John A. Parnell, 2017. "Cronyism from the Perspective of the Firm: A Cross-National Assessment of Nonmarket Strategy," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 32(Fall 2017), pages 47-74.
  24. Angelo M. Solarino & Brian K. Boyd, 2020. "Are all forms of ownership prone to tunneling? A meta‐analysis," Corporate Governance: An International Review, Wiley Blackwell, vol. 28(6), pages 488-501, November.
  25. Joyce C. Wang & Jingtao Yi & Xiuping Zhang & Mike W. Peng, 2022. "Pyramidal Ownership and SOE Innovation," Journal of Management Studies, Wiley Blackwell, vol. 59(7), pages 1839-1868, November.
  26. Ilya Okhmatovskiy & Robert J. David, 2012. "Setting Your Own Standards: Internal Corporate Governance Codes as a Response to Institutional Pressure," Organization Science, INFORMS, vol. 23(1), pages 155-176, February.
  27. Keyan Lai, 2021. "National security and FDI policy ambiguity: A commentary," Journal of International Business Policy, Palgrave Macmillan, vol. 4(4), pages 496-505, December.
  28. Banerjee, Shantanu & Venaik, Sunil & Brewer, Paul, 2019. "Analysing corporate political activity in MNC subsidiaries through the integration-responsiveness framework," International Business Review, Elsevier, vol. 28(5), pages 1-1.
  29. Apergis, Emmanuel & Apergis, Nicholas, 2017. "US political corruption: Identifying the channels of bribes for firms' financial policies," International Review of Financial Analysis, Elsevier, vol. 54(C), pages 87-94.
  30. Plūmiņš Māris & Ščeulovs Deniss, 2016. "Development of State-Owned Enterprises of Transport Industry in Latvia," Economics and Business, Sciendo, vol. 29(1), pages 65-75, August.
  31. Yu Wang & Xiaoying Chang & Tienan Wang, 2023. "Government directors as a double‐edged sword for strategic change: Strong resource provision but weak monitoring," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(3), pages 1802-1819, April.
  32. Wong, Wai-Yan & Hooy, Chee-Wooi, 2018. "Do types of political connection affect firm performance differently?," Pacific-Basin Finance Journal, Elsevier, vol. 51(C), pages 297-317.
  33. Ahmad Alkhataybeh & Safaa Adnan AlSmadi & Mohammad Ziad Shakhatreh & Mohammad A. Khataybeh, 2022. "Government Ownership and Corporate Cash Holdings: Empirical Evidence from the Amman Stock Exchange," Sustainability, MDPI, vol. 14(18), pages 1-14, September.
  34. Alvaro Cuervo-Cazurra & Anna Grosman & William L. Megginson, 2023. "A review of the internationalization of state-owned firms and sovereign wealth funds: Governments’ nonbusiness objectives and discreet power," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 54(1), pages 78-106, February.
  35. Fon, Roger Mongong & Filippaios, Fragkiskos & Stoian, Carmen & Lee, Soo Hee, 2021. "Does foreign direct investment promote institutional development in Africa?," International Business Review, Elsevier, vol. 30(4).
  36. Jian Du & Chao Zhou, 2019. "Does guanxi matter in the foreign expansion of Chinese manufacturing firms? The mediator role of linking and leveraging," Asia Pacific Journal of Management, Springer, vol. 36(2), pages 473-497, June.
  37. Wang, Qing (Sophie) & Anderson, Hamish & Chi, Jing, 2018. "VC political connections and IPO earnings management," Emerging Markets Review, Elsevier, vol. 35(C), pages 148-163.
  38. Xiaoli Shi & Ying Chen & Menghan Xia & Yongli Zhang, 2022. "Effects of the Talent War on Urban Innovation in China: A Difference-in-Differences Analysis," Land, MDPI, vol. 11(9), pages 1-22, September.
  39. Xiaoming He & Lin Cui & Klaus E. Meyer, 2022. "How state and market logics influence firm strategy from within and outside? Evidence from Chinese financial intermediary firms," Asia Pacific Journal of Management, Springer, vol. 39(2), pages 587-614, June.
  40. Lai Si Tsui‐Auch & Dongdong Huang & Jun Jie Yang & Si Zheng Koh, 2022. "Double Trouble: Containing Public Disapproval Arising from an Interplay of Stigmatized Categories," Journal of Management Studies, Wiley Blackwell, vol. 59(8), pages 2101-2123, December.
  41. Dorottya Sallai & Gerhard Schnyder, 2015. "Strong State, Weak Managers: How Firms Cope with Autocracy in Hungary," Working Papers wp474, Centre for Business Research, University of Cambridge.
  42. Farzad H. Alvi & Ajnesh Prasad & Paulina Segarra, 2019. "The Political Embeddedness of Entrepreneurship in Extreme Contexts: The Case of the West Bank," Journal of Business Ethics, Springer, vol. 157(1), pages 279-292, June.
  43. Mbalyohere, Charles & Lawton, Thomas C., 2018. "Engaging Stakeholders Through Corporate Political Activity: Insights From MNE Nonmarket Strategy in an Emerging African Market," Journal of International Management, Elsevier, vol. 24(4), pages 369-385.
  44. Rajwani, Tazeeb & Liedong, Tahiru Azaaviele, 2015. "Political activity and firm performance within nonmarket research: A review and international comparative assessment," Journal of World Business, Elsevier, vol. 50(2), pages 273-283.
  45. Grosman, Anna & Leiponen, Aija, 2018. "Organizational transparency and power in firm ownership networks," Journal of Comparative Economics, Elsevier, vol. 46(4), pages 1158-1177.
  46. Jeffrey T. Macher & John W. Mayo, 2015. "Influencing public policymaking: Firm-, industry-, and country-level determinants," Strategic Management Journal, Wiley Blackwell, vol. 36(13), pages 2021-2038, December.
  47. Amrita Saha & Vikrant Shirodkar & Thomas C. Lawton, 2023. "Bimodal lobbying and trade policy outcomes: Evidence from corporate political activity under uncertainty in India," Journal of International Business Policy, Palgrave Macmillan, vol. 6(1), pages 24-46, March.
  48. Rui Wang & Yi-Na Li & Jiuchang Wei, 2022. "Growing in the changing global landscape: the intangible resources and performance of high-tech corporates," Asia Pacific Journal of Management, Springer, vol. 39(3), pages 999-1022, September.
  49. Hongjin Zhu & Toru Yoshikawa, 2016. "Contingent value of director identification: The role of government directors in monitoring and resource provision in an emerging economy," Strategic Management Journal, Wiley Blackwell, vol. 37(8), pages 1787-1807, August.
  50. Ahmed Aboud & Ahmed Diab, 2022. "Ownership Characteristics and Financial Performance: Evidence from Chinese Split-Share Structure Reform," Sustainability, MDPI, vol. 14(12), pages 1-18, June.
  51. Wang, Chengqi & Piperopoulos, Panagiotis & Chen, Shihua & Ming, Alan Au Kai & Herbert, Kendall, 2022. "Outward FDI and Innovation Performance of Chinese Firms: Why Can Home-Grown Political Ties Be A Liability?," Journal of World Business, Elsevier, vol. 57(3).
  52. Yusi Jiang & Tianyu Gong & Wan Cheng & Yapu Zhao, 2023. "Repression or indulgence? Distinctive government influence on firm financial and environmental misconduct in China," Asian Business & Management, Palgrave Macmillan, vol. 22(1), pages 379-402, February.
  53. Zhihua Cheng & Feng Wang & Christine Keung & Yongxiu Bai, 2017. "Will Corporate Political Connection Influence the Environmental Information Disclosure Level? Based on the Panel Data of A-Shares from Listed Companies in Shanghai Stock Market," Journal of Business Ethics, Springer, vol. 143(1), pages 209-221, June.
  54. Zhen Huang & Weiwei Gao, 2022. "Has the past really passed? Strategic inertia and capital structure persistence," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(4), pages 883-893, June.
  55. Lee, Tingko, 2019. "Management ties and firm performance: Influence of family governance," Journal of Family Business Strategy, Elsevier, vol. 10(2), pages 105-118.
  56. Vukicevic, Jelena & Fallon, Grahame & Ott, Ursula F., 2021. "A theoretical and empirical investigation into investment activities of technologically-intensive Chinese state-owned enterprises in the UK," International Business Review, Elsevier, vol. 30(1).
  57. Xie, En & Fang, Alex Junyi & Chen, Xin & Wu, Zhan & Kumar, Vikas, 2022. "Performance feedback on sales growth goal and OFDI location choices for firms in emerging economies," Journal of World Business, Elsevier, vol. 57(4).
  58. Shirodkar, Vikrant & Mohr, Alexander T., 2015. "Explaining foreign firms’ approaches to corporate political activity in emerging economies: The effects of resource criticality, product diversification, inter-subsidiary integration, and business tie," International Business Review, Elsevier, vol. 24(4), pages 567-579.
  59. Huang, Yuanyuan & Xie, En & Li, Yu & Reddy, K.S., 2017. "Does state ownership facilitate outward FDI of Chinese SOEs? Institutional development, market competition, and the logic of interdependence between governments and SOEs," International Business Review, Elsevier, vol. 26(1), pages 176-188.
  60. Zaisheng Zhang & Meng Liu & Qing Yang, 2021. "Examining the External Antecedents of Innovative Work Behavior: The Role of Government Support for Talent Policy," IJERPH, MDPI, vol. 18(3), pages 1-17, January.
  61. Sushil & Shamita Garg, 2019. "Internationalization of Tata Motors: Strategic Analysis Using Flowing Stream Strategy Process," International Journal of Global Business and Competitiveness, Springer, vol. 14(1), pages 54-70, December.
  62. Ma, Xufei & Ding, Zhujun & Yuan, Lin, 2016. "Subnational institutions, political capital, and the internationalization of entrepreneurial firms in emerging economies," Journal of World Business, Elsevier, vol. 51(5), pages 843-854.
  63. Cuervo-Cazurra, Alvaro & Li, Cheng, 2021. "State ownership and internationalization: The advantage and disadvantage of stateness," Journal of World Business, Elsevier, vol. 56(1).
  64. Fawad Rauf & Cosmina Lelia Voinea & Hammad Bin Azam Hashmi & Cosmin Fratostiteanu, 2020. "Moderating Effect of Political Embeddedness on the Relationship between Resources Base and Quality of CSR Disclosure in China," Sustainability, MDPI, vol. 12(8), pages 1-19, April.
  65. Wenxi Yan & Eduardo Schiehll & Maureen I. Muller-Kahle, 2019. "Human and relational capital behind the structural power of CEOs in Chinese listed firms," Asia Pacific Journal of Management, Springer, vol. 36(3), pages 715-743, September.
  66. Anderson, Hamish D. & Chi, Jing & Wang, Qing (Sophie), 2017. "Political ties and VC exits: Evidence from China," China Economic Review, Elsevier, vol. 44(C), pages 48-66.
  67. Da Teng & Chengchun Li & Sailesh Tanna, 2022. "Foreign ownership and productivity in Chinese newly listed firms: the moderating roles of founder’s human capital and social ties," Asia Pacific Journal of Management, Springer, vol. 39(3), pages 1125-1159, September.
  68. Carole RENTSCH & Matthias FINGER, 2015. "Yes, No, Maybe: The Ambiguous Relationships Between State-Owned Enterprises And The State," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 86(4), pages 617-640, December.
  69. Dong, Meitong & Wang, Liwen & Yang, Defeng & Zhou, Kevin Zheng, 2022. "Performance feedback and export intensity of Chinese private firms: Moderating roles of institution-related factors," International Business Review, Elsevier, vol. 31(3).
  70. Tahiru Azaaviele Liedong & Daniel Aghanya & Tazeeb Rajwani, 2020. "Corporate Political Strategies in Weak Institutional Environments: A Break from Conventions," Journal of Business Ethics, Springer, vol. 161(4), pages 855-876, February.
  71. Kong, Qunxi & Guo, Rui & Wang, Yang & Sui, Xiuping & Zhou, Shimin, 2020. "Home-country environment and firms’ outward foreign direct investment decision: Evidence from Chinese firms," Economic Modelling, Elsevier, vol. 85(C), pages 390-399.
  72. En Xie & Yuanyuan Huang & Hao Shen & Yu Li, 2017. "Performance implications of ties to large-scale state-owned enterprises and banks in an emerging economy," Asia Pacific Journal of Management, Springer, vol. 34(1), pages 97-121, March.
  73. Liedong, Tahiru Azaaviele & Aghanya, Daniel & Jimenez, Alfredo & Rajwani, Tazeeb, 2023. "Corporate political activity and bribery in Africa: Do internet penetration and foreign ownership matter?," Journal of Business Research, Elsevier, vol. 154(C).
  74. Bertrand, Olivier & Betschinger, Marie-Ann & Brea-Solís, Humberto, 2022. "Export barriers for SMEs in emerging countries: A configurational approach," Journal of Business Research, Elsevier, vol. 149(C), pages 412-423.
  75. Qingqing Tang & Longwei Wang & Hao Shen, 2021. "How do SOEs and FIEs affect POEs’ performance in emerging economies? Moderating effects of managerial ties," Asia Pacific Journal of Management, Springer, vol. 38(2), pages 767-788, June.
  76. Feng, Yunting & Lai, Kee-hung & Zhu, Qinghua, 2020. "Legitimacy in operations: How sustainability certification announcements by Chinese listed enterprises influence their market value?," International Journal of Production Economics, Elsevier, vol. 224(C).
  77. Wang, Chengqi & Kafouros, Mario & Yi, Jingtao & Hong, Junjie & Ganotakis, Panagiotis, 2020. "The role of government affiliation in explaining firm innovativeness and profitability in emerging countries: Evidence from China," Journal of World Business, Elsevier, vol. 55(3).
  78. Aguilera, Ruth & Duran, Patricio & Heugens, P.P.M.A.R. & Sauerwald, Steve & Turturea, Roxana & VanEssen, Marc, 2021. "State ownership, political ideology, and firm performance around the world," Journal of World Business, Elsevier, vol. 56(1).
  79. Wang, Liwen & Sheng, Shibin & Wu, Shuilong & Zhou, Kevin Zheng, 2017. "Government role, governance mechanisms, and foreign partner opportunism in IJVs," Journal of Business Research, Elsevier, vol. 76(C), pages 98-107.
  80. Panicker, Vidya Sukumara & Upadhyayula, Rajesh Srinivas & Sivakumar, Sandeep, 2022. "Internationalization of hybrid state-owned enterprises from emerging markets: Institutional investors as enablers," Journal of Business Research, Elsevier, vol. 151(C), pages 409-422.
  81. Lijun Xu & Yun Zhu & Chuanyang Ruan & Weijin Shi, 2021. "Excessive Ties in Entrepreneurship Can Hurt: How Excess Entrepreneurial Ties Bring Negative Effects to the Firm," SAGE Open, , vol. 11(2), pages 21582440211, June.
  82. Mbalyohere, Charles & Lawton, Thomas & Boojihawon, Roshan & Viney, Howard, 2017. "Corporate political activity and location-based advantage: MNE responses to institutional transformation in Uganda’s electricity industry," Journal of World Business, Elsevier, vol. 52(6), pages 743-759.
  83. Chen, Jin & Heng, Cheng Suang & Tan, Bernard C.Y. & Lin, Zhijie, 2018. "The distinct signaling effects of R&D subsidy and non-R&D subsidy on IPO performance of IT entrepreneurial firms in China," Research Policy, Elsevier, vol. 47(1), pages 108-120.
  84. Guo, Hai & Xu, Erming & Jacobs, Mark, 2014. "Managerial political ties and firm performance during institutional transitions: An analysis of mediating mechanisms," Journal of Business Research, Elsevier, vol. 67(2), pages 116-127.
  85. Ciprian Stan & Mike Peng & Garry Bruton, 2014. "Slack and the performance of state-owned enterprises," Asia Pacific Journal of Management, Springer, vol. 31(2), pages 473-495, June.
  86. Aguilera, Ruth V. & Crespí-Cladera, Rafel & Infantes, Paula M. & Pascual-Fuster, Bartolomé, 2020. "Business groups and internationalization: Effective identification and future agenda," Journal of World Business, Elsevier, vol. 55(4).
  87. Santiago Kopoboru & Gloria Cuevas-Rodríguez & Leticia Pérez-Calero, 2020. "Boards that Make a Difference in Firm’s Acquisitions: The Role of Interlocks and Former Politicians in Spain," Sustainability, MDPI, vol. 12(3), pages 1-19, January.
  88. Yu Fengyan & Zhang Hongjuan & Justin Tan & Liang Qi, 2022. "Non‐Market Strategies and Credit Benefits: Unpacking Heterogeneous Political Connections in Response to Government Anti‐Corruption Initiatives," Journal of Management Studies, Wiley Blackwell, vol. 59(2), pages 349-389, March.
  89. Zhi Wang & Miao Yu, 2022. "Political embeddedness and firms' growth," Kyklos, Wiley Blackwell, vol. 75(1), pages 127-153, February.
  90. Bai, Tao & Chen, Stephen & Xu, Youzong, 2021. "Formal and informal influences of the state on OFDI of hybrid state-owned enterprises in China," International Business Review, Elsevier, vol. 30(5).
  91. Yu Wang & Jie Ma & Tienan Wang, 2023. "Do all female directors have the same impact on corporate social responsibility? The role of their political connection," Asia Pacific Journal of Management, Springer, vol. 40(3), pages 1047-1074, September.
  92. Shirodkar, Vikrant & Batsakis, Georgios & Konara, Palitha & Mohr, Alexander, 2022. "Disentangling the effects of domestic corporate political activity and political connections on firms’ internationalisation: Evidence from US retail MNEs," International Business Review, Elsevier, vol. 31(1).
  93. Shantanu Banerjee & Sunil Venaik, 2018. "The Effect of Corporate Political Activity on MNC Subsidiary Legitimacy: An Institutional Perspective," Management International Review, Springer, vol. 58(5), pages 813-844, October.
  94. Mike W. Peng & Garry D. Bruton & Ciprian V. Stan & Yuanyuan Huang, 2016. "Theories of the (state-owned) firm," Asia Pacific Journal of Management, Springer, vol. 33(2), pages 293-317, June.
  95. Weilei (Stone) Shi & Sunny Li Sun & Daying Yan & Zhu Zhu, 2017. "Institutional fragility and outward foreign direct investment from China," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 48(4), pages 452-476, May.
  96. Long Zhang & John A. Parnell & Chuanhui Xiong, 2021. "Market and Nonmarket Strategies (NMS) in China: Performance Payoffs in Turbulent Environments," Asian Business & Management, Palgrave Macmillan, vol. 20(5), pages 644-665, November.
  97. Chan Xiong & Ke Zhang & Xiaoping Zhao, 2020. "Do Political Ties Cause Over-Investment in Corporate Social Responsibility? Empirical Evidence from Chinese Private Firms," Sustainability, MDPI, vol. 12(17), pages 1-14, September.
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