The issues surrounding corporate sustainability (CS), which have gained importance in organizational theory and practice that could help in gaining a competitive advantage, are becoming complex and far-reaching. Competitive advantage could decline if CS will not be maintained. Various factors affect CS. Among those, corporate social responsibility (CSR) practices, organizational culture (OC), and reputation (R) are important factors to consider for improving corporate sustainability. Therefore, the current study objective was to investigate the impact of OC on CSR in the hospitality industry. In addition, the mediating role of R between CSR and CS has been analyzed. The data were collected through a self-administered questionnaire from 350 managers, who were working in the hospitality industry across the country, by using a convenient sampling technique to test the proposed hypotheses empirically and validate the findings. Using a cross-research design and a quantitative-research approach, the partial least squares structural equation modeling (PLS-SEM) findings indicated a positive impact by OC, CSR, and R on CS. Based on these findings, the study has practical and theoretical implications for researchers and practitioners. Moreover, the current study is also considered to be a pioneer study, contributing to the related findings in the previous literature specifically in the context of Pakistan.
Aging is a physiological process involving senescence that declines the normal body functions and adaptability of the body towards metabolic and environmental stress declines and cognitive functions are also compromised. The role of inflammatory mediators are widely studied in cognitive functions in the past but the efficacy of dietary supplements against brain senescence is not well established. In the current study, we determined the neuroprotective potential of carvacrol against D-galactose-induced cognitive impairment. Male mice 25-30 grams were used to determine the anti-aging potential of carvacrol and we also demonstrated the role of p-NF-κB in the aging process. We observed the increased expression of p-NF-κB that further upregulated TNF-α and COX-2 expression. Moreover, we observed marked lipid peroxidation was observed along with a significant reduction in levels of antioxidant markers that lead to senescence in the cortical brain region (decreased percentage of intact neurons). Carvacrol has significantly reversed these detrimental effects caused by D-galactose by declining the expression of p-NF-κB. Our findings suggest that carvacrol has attenuated D-galactose-induced cognitive impairment by inhibiting p-NF-κB.
Using daily data from January 2, 2020 to May 31, 2021, this study empirically examines the day-of-the-week effect in the Malaysian stock market during the coronavirus disease 2019 (COVID-19) outbreak. We also test the impact of the lockdown policy and market sentiment index on the stock market. We resort to ordinary least square regression with generalized autoregressive conditional heteroscedasticity specification. The finding shows that the day-of-the-week effect persisted during the COVID-19 outbreak. Monday’s returns on all selected indices were negative except for the access, certainty, efficiency market. The positive impact of the lockdown policy on Bursa Malaysia is identified after accounting for the day-of-the-week effect. This is due to the market expectation that the lockdown policy can stop the spread of COVID-19, which will lead to recovery. Further analysis uncovers that smaller capitalization stocks benefited more from the government lockdown policy announcements, which come with various stimulus packages that are more favorable to smaller companies. We also find that the United States market sentiment index negatively impacts all indices. This study unlocks and validates the contribution on calendar anomalies’ response during the COVID-19 period for Malaysia. The investment opportunity is available even during the pandemic era, leading to sustainable profit in the long term.
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