How culture affects banks' digital transformation (BDT) is understudied. We discover that clan culture inhibits BDT in China. Clan culture's short-radius trust requires banks to have more physical branches and employees to establish trust, and its risk aversion reduces banks' willingness to bear...

The purpose of this study is to create a representative socio-economic profile of entrepreneurs operating in the former Soviet Union (FSU) states as a pillar of the new middle-class stratum. This study explored middle-class entrepreneurship from multiple perspectives, encompassing statistical...

It is necessary for economies to transition to a circular economy (CE). What particularly inhibits the implementation of the CE in linear economies is market failures, whose theoretical principles are embedded in modern welfare economics and neoclassical economics. Market failures shape the...