Previous research has paid little attention to the relationship between corporate governance and brand equity in the tourism industry. This study aims to investigate the moderating effect of corporate governance (CG) on the relationship between brand equity (BE) and corporate profit-ability (CP) with ten control variables including five company characteristics and five macroeconomic variables. Financial data is retrieved from the Taiwan Economics Journal Database (TEJ), covering a total of 196 records from 32 listed companies for 16 years. Results indicate that BE has a significantly positive impact on CP in Taiwanese-listed tourism companies, and that CG moderates the relationship between BE and CP. These findings could help management executives enhance profitability by deepening BE and CG in the tourism industry. Managerial implications are also discussed.

Wood-borer extermination by a dry heat clean-up is the essential method from the point of view of sustainability of historical wooden structures like trusses and ceilings in heritage-listed buildings. The wooden components are heated by a hot air of temperature about 100°C until the temperature in the centre of the wooden structures reaches 55°C to kill the wood-borers. In this article we review the method and present solution of the heat equation for structural wooden components. We also suggest an approximate formula that enables to estimate the necessary heating time for different cross sections of wooden components and can be used in technical application of the method.

The concept of supply chain leadership strategy has garnered increasing interest from policymakers and experts, because it is among the most dependable practices to sustainable innovation and competitiveness for large firms across developing economies. Effective implementation of supply chain leadership strategic actions at each level in the company can create sustainable innovative and competitiveness. The study collected statistical data using an online Survey- Monkey questionnaire from 46 of top 100 JSE-listed companies with the intention to discover supply chain leadership strategic actions that drive sustainable innovation and competitiveness in the company. The findings expose a significant empirical insight for companies to understand and leverage supply chain leadership strategic actions to influence sustainable innovative position in a developing economy. These results suggest that firms operating within emerging markets should embrace and acknowledge the importance of sustainable innovation in business practices in the provision of goods and services. This study therefore delivers major contributions to the literature to assist in planning sustainable innovation and supply chain practices in a developing economy to survive in a competitive global environment. The paper also offers a vigorous awareness and knowledge of the common characteristics and strategies for supply chain management that needs to be prioritized by the JSE-listed companies.

The effective implementation of a sustainable supply chain leadership (SSCL) strategy at each organization’s level, positively impacts on corporation’s competitive advantage and sustainable development. While fears have been acknowledged in previous literature, the benefit of designing Sustainable supply chain models for operational excellence and sustainable development is a noteworthy exploration. The study collected statistical data using an online Survey- monkey questionnaire from 46 of the top 100 JSE-listed companies with the intention to elucidate the large firms’ transition from longstanding linear approaches to sustainable production and consumption to a more circular approach. A bivariate data analysis was used to generate the results in SPSS. The results indicate a positive contribution of SSCL strategy to operational excellence and sustainable development of large corporations if only the entire supply chain system is well-coordinated and implemented. This study makes a vital contribution by proposing a new SSCL model for fast-tracking corporate sustainability and enhancing corporate contributions to sustainable growth.

Sports are framed within the context of the Olympic spirit and are, therefore, within the vision and mission of the Olympic Committee, aimed at “building a better world”. This is identified as a fundamental value and sustainability is therefore explicitly considered to be a “working principle” of this. In this research an analysis of the performance of professional European football teams publicly listed on stock markets, restating the income statements according to the Value-Added perspective is carried out. This takes into account the effective sustainable contribution in the distribution of added value with reference to the human, structural, debt, infrastructural, and risk capitals of these organisations. The Value-Added Statement is considered as a part of the broader CSR Reporting and can be traced back to the late 1970s. However, it is in widespread contemporary use and is regarded as being both a credible and a tested measure. In this paper, the authors apply a slightly modified and simplified version of this tool to these publicly listed European football clubs as a proxy for wider professional sport. This research demonstrates that, although professional sports clubs are profit-oriented, the distribution of wealth generated by the added value is unbalanced. In most cases, at least in financial terms, shareholders are the most disadvantaged and athletes are the most rewarded.

This paper attempts to assess the economic significance and implications of collateralization in different financial markets, which is essentially a matter of theoretical justification and empirical verification. We present a comprehensive theoretical framework that allows for collateralization adhering to bankruptcy laws. As such, the model can back out differences in asset prices due to collateralized counterparty risk. This framework is very useful for pricing outstanding defaultable financial contracts. By using a unique data set, we are able to achieve a clean decomposition of prices into their credit risk factors. We find empirical evidence that counterparty risk is not overly important in credit-related spreads. Only the joint effects of collateralization and credit risk can sufficiently explain unsecured credit costs. This finding suggests that failure to properly account for collateralization may result in significant mispricing of financial contracts. We also analyze the difference between cleared and OTC markets.