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This study analyzes whether industry relatedness between a corporate borrower and its group peers significantly affects that firm's borrowing cost.

A regression analysis is run on bank-loan data of a sample of Indonesian companies for 2010–2020. The main variables of interest are the natural logarithms of the borrowing firm's number of affiliates classified within either similar 2- or 4-digit GICS industries, and the Caves weighted index of these firms' related diversification. This index measures how firms in a group are diversified in relation to the borrower. The dependent variable is the all-in credit spread, stated in basis points, over the LIBOR or similar benchmark, as of the loan issuance date.

Findings support the industry-relatedness hypothesis and contradict the risk-reduction hypothesis and show that banks charge lower loan spreads on a borrowing firm that either operates within a similar industry as its affiliate or diversifies into related sectors or industries. Consistent with the co-insurance-effect hypothesis, the results also underline the importance of the parent and first-layer firms as supporting instead of the tunneling vehicles within business groups. These conclusions hold even after segregating the sample and using the loan maturity as the dependent variable.

This study uses a unique diversification measurement based on the borrowing firm's sector or industry, relative to other group members, and offers new insights on business group diversification and bank loan costs.

This systematic literature review presents the evolution of accounting-related research in the Indonesian context. We examine 55 academic articles from the initial 296 records of accounting and finance research in the Q1 Scopus-indexed journals from 1995 to 2022. This study sheds light on Indonesia’s main research streams, unique settings and urgent future research agenda.

This study adopts a systematic approach for a comprehensive literature review. We select articles according to a series of criteria and compile the metadata for the bibliographic mapping.

Our bibliometric analysis suggests five main research streams, namely (1) political connection, (2) capital market, (3) audit and accountability, (4) firm policy and (5) banking. We identify the following distinctive country settings, which are well discussed in extant literature: political connection, two-tier board system, weak accounting profession, information opacity and cultural impact on accounting. We outline prospective agendas to examine the institutional mechanisms’ role in addressing major environmental challenges through accountability.

This study offers unique contributions to the literature by comprehensively reviewing accounting-related research in Indonesia. Despite Indonesia’s economic and environmental importance, it has received limited attention from scholars. Using dynamic topic analysis, we highlight the need to examine the role of informal institutions, such as political connections and culture and formal institutional mechanisms, such as corporate governance and environmental disclosure.

The concept of aging-in-place has gained notable significance in the last decade due to a dramatic demographic shift in global population dynamics that have considerably affected the ability of societies to adequately cater for their aging population. This paper examines some of the barriers to aging-in-place in the context of health needs, housing design and the role of retrofitting/smart home technologies in overcoming these barriers.

Using a narrative literature review approach, the authors undertook a comprehensive search of recent relevant literature focusing on five core thematic areas: health and aging, aging in place, barriers to aging in place, retrofitting and smart home technologies for successful aging in place. The authors entered appropriate keywords into interdisciplinary research databases and synthesized a coherent narrative discussing the thematic areas using the data extracted from the literature search.

There is a bidirectional relationship between aging and the home environment. Barriers to aging-in-place are mainly related to progressive decline in health, which alters the environmental needs of individuals. Appropriate building designs can significantly facilitate aging-in-place. The authors, therefore, highlight the role of retrofitting and smart home technologies as practical solutions to the challenges of the aging-in-place.

Forward planning in building design is essential to guarantee that the home environment is well adapted for the challenges of aging-in-place while also promoting healthy aging.

The paper shows the relationship between aging and the home environment and how building design considerations could enhance healthy aging-in-place.

Adopting and implementing robotic technology applications in the library is a significant technological up-gradation today. The purpose of this study was to evaluate selected literature focused mainly on robotics technology applications in the field of libraries and to assess the online social attention to research publications.

The study employed Scientometric and altmetric tools to evaluate the research publications. The bibliographic data of research publications were downloaded from Scopus database and scrutinized one by one and 71 articles were selected which mainly focused on robotic technology in libraries. Altmetric data were collected from the Dimensions.ai database. The analysis was performed using MS Excel, Tableau, Biblioshiny, VOSviewer and SPSS software.

Research on robotic technology in the field of libraries has been experiencing a gradual increase, marked by an annual growth rate of 12.93%. The United States has prominently led the way as the most active participant and collaborator in this advancement. Among the various journals, Library Hi Tech has notably stood out as a significant contributor to this field. However, the research articles have garnered limited social attention and impact. Furthermore, the patterns of authorship collaboration have demonstrated relatively modest levels within the field, and a weak correlation has been observed between the social attention received and the Scopus citation metrics of the publications.

The research needs to be disseminated more through various social media platforms to increase its visibility. Sharing research information through social media can bridge the gap between academia and society. The findings of this study can serve as a valuable reference for researchers and policymakers.

This study presents a Scientometric analysis of the selected published literature on robotics technology applications in the field of libraries, highlighting the progress and development of worldwide research in this area.

The research on sustainable campus is related to environmental protection and the realization of global sustainable development goals (SDGs). Because the sustainable campus development in China and Japan is carried out around buildings, this paper takes Kitakyushu Science and Research Park as a case to study the characteristics and typical model of sustainable campus in Japan by combined with the characteristics of Chinese sustainable campus.

This study compares the evaluation standards of green buildings between China and Japan, then compares the assessment results of the same typical green building case and finally summarizes the development mode and main realization path by discussing the implications of green buildings on campus sustainability.

The results show that (1) the sustainable campus evaluation in Japan mainly pays attention to the indoor environment, energy utilization and environmental problems. (2) Buildings mainly affect the sustainability of the campus in three aspects: construction, transportation and local. (3) The sustainable campus development model of Science and Research Park can be summarized as follows: taking green building as the core; SDGs as the goals; education as the guarantee; and the integration of industry, education and research as the characteristics.

It mainly provides construction experience for other campuses around the world to coordinate the contradictions between campus buildings and the environment based on sustainable principles in their own construction. It proposes a new sustainable campus construction path of “building–region–environment” integrated development.

This study provides theoretical framework for the development of sustainable campuses that includes long-term construction ideas and current technological support greatly improving the operability of practical applications. It not only enriches the sample cases of global sustainable campuses but also provides new ideas and perspectives for the sustainable development research of the overall campus through quantitative evaluation of building and environmental impacts.

To investigate (1) the relationship between young adults' behavioural brand loyalty (BBL) and Japanese fashion companies' financial performance (FP) and (2) FP improvement from the perspectives of social media brand engagement (BE) and loyalty programmes (LPs) by applying the complexity theory.

A mixed methodology was employed by combining qualitative and quantitative approaches to examine the prediction of outcomes by various variables in a realistic context. The integrated model associated BE and LPs with BBL and FP, which are essential for fashion companies. We selected 14 fashion brands belonging to 14 publicly traded Japanese fashion companies and surveyed 183 Japanese consumers (aged 18–25 years) who chose these brands as their favourites, engaged with the brands and participated in LPs.

The findings reveal the positive and negative effects of the variables (BE and LP) on the outcomes (short- and long-term FP). They offer marketing implications regarding brand strategy and financial improvement by considering various combinations of causal factors and complex situations, such as the fashion brands' and consumers' characteristics.

Existing empirical studies consider consumers' symmetric reactions to the benefits and losses from variables (BE, LP and BBL) but do not realistically reveal the negative and positive effects on outcomes (FP). This study addresses this gap by applying the complexity theory and offers multiple solutions to target different consumer types to predict high FP.

The purpose of this research is to understand how educational tourists in Northern Cyprus perceive and respond to the concerns associated with climate change.

A qualitative method was employed and the data gathered from educational tourists enrolled in tourism planning and sustainable tourism courses in Northern Cyprus and analyzed using the content analysis technique.

Four major themes emerged in this study including “weather changes”, “human-induced causes”, “collective responsibility” and “waste management and recycling”.

Climate change-related issues among educational tourists have received little attention in the literature. This study contributes to the body of knowledge by examining educational tourists' perspectives and reactions to climate change in Northern Cyprus.

Deep learning (DL) is a new and relatively unexplored field that finds immense applications in many industries, especially ones that must make detailed observations, inferences and predictions based on extensive and scattered datasets. The purpose of this paper is to answer the following questions: (1) To what extent has DL penetrated the research being done in finance? (2) What areas of financial research have applications of DL, and what quality of work has been done in the niches? (3) What areas still need to be explored and have scope for future research?

This paper employs bibliometric analysis, a potent yet simple methodology with numerous applications in literature reviews. This paper focuses on citation analysis, author impacts, relevant and vital journals, co-citation analysis, bibliometric coupling and co-occurrence analysis. The authors collected 693 articles published in 2000–2022 from journals indexed in the Scopus database. Multiple software (VOSviewer, RStudio (biblioshiny) and Excel) were employed to analyze the data.

The findings reveal significant and renowned authors' impact in the field. The analysis indicated that the application of DL in finance has been on an upward track since 2017. The authors find four broad research areas (neural networks and stock market simulations; portfolio optimization and risk management; time series analysis and forecasting; high-frequency trading) with different degrees of intertwining and emerging research topics with the application of DL in finance. This article contributes to the literature by providing a systematic overview of the DL developments, trajectories, objectives and potential future research topics in finance.

The findings of this paper act as a guide for literature review for anyone interested in doing research in the intersection of finance and DL. The article also explores multiple areas of research that have yet to be studied to a great extent and have abundant scope.

Very few studies have explored the applications of machine learning (ML), namely, DL in finance, which is a much more specialized subset of ML. The authors look at the problem from the aspect of different techniques in DL that have been used in finance. This is the first qualitative (content analysis) and quantitative (bibliometric analysis) assessment of current research on DL in finance.

This paper examines the effect of bond market development on economic growth of selected developing countries from 1990 to 2020. Previous studies provide inconsistent results on the effect of bond market development on economic growth. Some results reveal positive effects while others show negative effects of bond market development on economic growth. These conflicting findings have motivated research.

The autoregressive distributed lag (ARDL) and co-integration methods are used for analysis. The gross domestic product per capita proxies economic growth while government bond capitalisation and corporate bond capitalisation measure bond market development.

The findings unveil a long-term effect within the series. The results disclose that government bond capitalisation, trade openness and inflation positively affect economic growth while corporate bond capitalisation and domestic credit to the private sector presents negative effects on economic growth.

The results propose that the governments should issue more bonds to raise funds for long-term economic growth initiatives. The governments should promote bond market development such that the corporate bonds issued boost economic growth by limiting lengthy documentations and bottlenecks in the bond market listing and issue procedures. The policymakers and regulatory authorities should implement policies which attract investors and encourage companies' listing in the countries' bond markets.

The study’s findings add value that government bond capitalisation positively impacts economic growth, while corporate bond capitalisation negatively affects economic growth in developing countries.

Japan has made some progress in recognizing lesbian, gay, bisexual, transgender and queer (LGBTQ) rights, such as passing laws that prohibit discrimination based on sexual orientation and gender identity in some cities. However, there is still a long way to go in terms of legal protection and social acceptance. Understanding citizens' attitudes toward homosexuality can help inform policies and interventions that promote LGBTQ rights and reduce discrimination. This study explores factors that influence citizens' attitudes toward homosexuality in Japan.

The research was conducted through a web-based questionnaire with 1,806 participants, where they were asked about their views on same-sex partnership recognition, homosexual rights and traditional Japanese family systems. The collected data were statistically analyzed to determine the factors that affect individuals' opinions regarding homosexuality.

The study determined that in Japan, traditional views are inversely related to same-sex partnership registration. Conversely, local government support for LGBTQ+ rights is directly associated with societal acceptance. Additionally, closer contact with the LGBTQ+ community promotes acceptance.

The study provides insights into the factors that shape societal attitudes toward homosexuality in Japan and highlights the importance of policies promoting diversity and inclusivity. By identifying these determinants, this study could help policymakers and advocates create effective strategies for promoting acceptance and equality for the LGBTQ+ community in Japan.

To the best of the authors' knowledge, this is the first study that focuses on understanding the factors that influence the attitudes of Japanese citizens toward homosexuality.