TY - JOUR
T1 - The Influence of Urbanization and Environmental Factors on the Financial Performance of Retail and Automotive Industries in China
AU - Mahmood, Faisal
AU - Al-Shattarat, Wasim
AU - Hamed, Ruba
AU - Al-Shattarat, Basiem
AU - Benameur, Kameleddine
AU - Hassanein, Ahmed
AU - Tahat, Yasean
N1 - Publisher Copyright:
© 2023 by the authors.
PY - 2023/11/21
Y1 - 2023/11/21
N2 - This study probes the intersection of urbanization, environmental degradation, and corporate performance in China’s retail and automotive sectors. Utilizing data from 23 regions spanning 2000–2022, the research elucidates the impacts of urban growth, infrastructure development, and particulate matter 2.5 pollution (PM2.5) on these industries. The study uses panel data from 2000 to 2022 and the corresponding analytical random effect model, along with pre- and post-estimation tests for the main results. The findings reveal that while urban population growth bolsters retail sales, it adversely affects the automotive industry. Urban infrastructure does not influence conventional sectors, yet it negatively impacts online retail sales. PM2.5 pollution depresses retail and automotive sales but boosts online sales, underscoring the rising environmental consciousness among consumers. The urban population significantly moderates the relationship between PM2.5 pollution and sales across sectors, hinting at unique consumption patterns in populated urban areas. This study provides critical insights for policymakers aiming for sustainable economic growth, and encourages further research with more region-specific factors and extended time frames.
AB - This study probes the intersection of urbanization, environmental degradation, and corporate performance in China’s retail and automotive sectors. Utilizing data from 23 regions spanning 2000–2022, the research elucidates the impacts of urban growth, infrastructure development, and particulate matter 2.5 pollution (PM2.5) on these industries. The study uses panel data from 2000 to 2022 and the corresponding analytical random effect model, along with pre- and post-estimation tests for the main results. The findings reveal that while urban population growth bolsters retail sales, it adversely affects the automotive industry. Urban infrastructure does not influence conventional sectors, yet it negatively impacts online retail sales. PM2.5 pollution depresses retail and automotive sales but boosts online sales, underscoring the rising environmental consciousness among consumers. The urban population significantly moderates the relationship between PM2.5 pollution and sales across sectors, hinting at unique consumption patterns in populated urban areas. This study provides critical insights for policymakers aiming for sustainable economic growth, and encourages further research with more region-specific factors and extended time frames.
KW - PM2.5 pollution
KW - financial performance
KW - urban infrastructure
KW - urban population growth
KW - urban sustainability
UR - http://www.scopus.com/inward/record.url?scp=85193446529&partnerID=8YFLogxK
U2 - 10.3390/su152316138
DO - 10.3390/su152316138
M3 - Article
AN - SCOPUS:85193446529
SN - 2071-1050
VL - 15
JO - Sustainability
JF - Sustainability
IS - 23
M1 - 16138
ER -
