📈 economics

Machine Learning Feature Importance vs. Fixed-Effects Regression: Which Variables Actually Drive CSR–Firm Value Relationships in Africa?

This study demonstrates that combining machine learning feature importance with fixed-effects regression reveals critical nonlinearities and interaction effects—such as thresholds in board independence and context-dependent CEO duality—that traditional linear models overlook, thereby offering a superior two-step framework for understanding the drivers of CSR-firm value relationships in African financial markets.

Mutala Zubeiru, Professor Uwuigbe Olubukunola Ranti, Osman Issah2026-07-06
📈 economics

Does tax avoidance in Indonesia companies depend on factors such as political connections, fixed asset intensity, independent commissioners, profitability, and leverage?

This quantitative study of Indonesian banking firms from 2020 to 2023 reveals that while political connections, fixed asset intensity, profitability, and leverage significantly influence tax avoidance, the presence of independent commissioners does not have a statistically significant effect.

Jenny Morasa, Icuk Rangga Bawono, Rio Dhani Laksana, Ilkay Aydogmus2026-07-06
📈 economics

Energy Price Volatility and Digital Capability in Shaping FDI Location Decisions: Evidence from Central and Eastern Europe in the Post-Pandemic Era

This study reveals that while energy price volatility does not uniformly deter foreign direct investment in Central and Eastern Europe, its negative impact is significantly mitigated by high levels of digital capability, which acts as a strategic resilience mechanism that allows economies to better internalize energy risks and sustain capital inflows.

Abdulgaffar Muhammad, Smith Maxwell Ogbotor, Ezie Israel Omoye, Edirin Jeroh, Michael Tonbraladoh Sinebe, Chukwugoziem T (…)2026-07-06
📈 economics

Resource-Based Competencies and Digital Maturity: A Synergistic Approach to Enhancing SME Operational Efficiency in Sub-Saharan Africa

This study empirically demonstrates that while digital maturity significantly enhances operational efficiency in Sub-Saharan African SMEs, its transformative impact is amplified by agility and institutional pressures rather than internal competencies, necessitating a synergistic strategy that prioritizes capability development alongside technology deployment.

Deodat Emilson Adenutsi2026-07-06