scholarly journals Environmental performance and firm financing during COVID-19 outbreaks: Evidence from SMEs

2021 ◽  
pp. 102568
Author(s):  
Nirosha Hewa Wellalage ◽  
Vijay Kumar ◽  
Ahmed Imran Hunjra ◽  
Mamdouh Abdulaziz Saleh Al-Faryan
Keyword(s):  
Environmental Performance ◽  
Firm Financing

scholarly journals Does it pay to be green? Environmental performance and firm financing during COVID-19 outbreaks

2020 ◽  
Author(s):  
Nirosha Hewa Wellalage ◽  
Vijay Kumar
Keyword(s):  
Environmental Performance ◽  
Small And Medium Enterprises ◽  
Sample Selection ◽  
Jel Classification ◽  
Firm Level ◽  
Global Pandemic ◽  
Firm Financing ◽  
Medium Enterprises ◽  
The Impact ◽  
Negative Shock

Abstract This paper examines the effect of firm environmental performance on firm financing during the COVID-19 outbreak. Crises in multiple forms curtail Micro, Small and Medium Enterprises (MSMEs) stability and the livelihood of hundreds of millions of people who derive their living from these activities. The way in which MSMEs deal with crises and the extent to which environmental performance is beneficial when the market suffers a negative shock is relatively unexplored in the literature. We consider three aspects of financing -- firm level liquidity, bank credit and bankruptcy probabilities -- and argue that it pays for firms to show commitment to environmental responsibilities in a global pandemic. Through an examination of 3,356 MSMEs, we find that firms with better environmental performance reduce their probability of bankruptcies and their liquidities decreasing during the COVID-19 pandemic. Furthermore, analysis shows that the impact of a firm’s environmental performance is more pronounced in sensitive industries (hospitality and retail). The results are robust based on a series of robustness checks, including propensity score matching and the Heckman two-stage sample selection model. Our study suggests that the trust between a firm and its stakeholders, if it is grounded on environmental performance, pays off when the overall level of trust in markets suffers a negative shock. JEL Classification: F64; G01; Q14

RESEARCH OF INDICATORS OF A VEHICLE WITH A DIESEL WORKING ON DIESEL AND DIESEL GAS CYCLES USING THE MATHEMATICAL MODEL

2020 ◽  
pp. 14-19
Author(s):  
Serhii Kovbasenko ◽  
Andriy Holyk ◽  
Serhii Hutarevych
Keyword(s):  
Mathematical Model ◽  
Diesel Engine ◽  
Environmental Performance ◽  
Energy Performance ◽  
Dual Fuel ◽  
Fuel System ◽  
Compressed Natural Gas ◽  
Diesel Vehicles ◽  
Diesel Cycle ◽  
The Mathematical Model

The features of an advanced mathematical model of motion of a truck with a diesel engine operating on the diesel and diesel gas cycles are presented in the article. As a result of calculations using the mathematical model, a decrease in total mass emissions as a result of carbon monoxide emissions is observed due to a decrease in emissions of nitrogen oxides and emissions of soot in the diesel gas cycle compared to the diesel cycle. The mathematical model of a motion of a truck on a city driving cycle according to GOST 20306-90 allows to study the fuel-economic, environmental and energy indicators of a diesel and diesel gas vehicle. The results of the calculations on the mathematical model will make it possible to conclude on the feasibility of converting diesel vehicles to using compressed natural gas. Object of the study – the fuel-economic, environmental and energy performance diesel engine that runs on dual fuel system using CNG. Purpose of the study – study of changes in fuel, economic, environmental and energy performance of vehicles with diesel engines operating on diesel and diesel gas cycles, according to urban driving cycle modes. Method of the study – calculations on a mathematical model and comparison of results with road tests. Bench and road tests, results of calculations on the mathematical model of motion of a truck with diesel, working on diesel and diesel gas cycles, show the improvement of environmental performance of diesel vehicles during the converting to compressed natural gas in operation. Improvement of environmental performance is obtained mainly through the reduction of soot emissions and nitrogen oxides emissions from diesel gas cycle operations compared to diesel cycle operations. The results of the article can be used to further develop dual fuel system using CNG. Keywords: diesel engine, diesel gas engine, CNG

Factors Affecting the Decision to Apply Material Flows Cost Accounting MFCA in Thai Nguyen Steel Production Enterprises

2020 ◽  
Vol 36 (3) ◽  
Author(s):  
Nguyen Thi Kim Huyen
Keyword(s):  
Production Process ◽  
Environmental Performance ◽  
Steel Production ◽  
Cost Accounting ◽  
Environmental Accounting ◽  
Production Costs ◽  
Accounting System ◽  
Material Flows ◽  
Factors Affecting ◽  
Legal Documents

Applying the Material Flows Cost Accounting method in Thai Nguyen steel enterprises is one of the solutions to improve the efficiency in the production process, using input materials, and environmental performance, as well as to measure more correctly the production costs based on the change of the price calculation basic. Identifying the factors which affect the decision on applying MFCA to the accounting process of Thai Nguyen steel production enterprises by a direct survey is carried out with 119 accountants and managers working at 13 steel enterprises. The results show that applying MFCA to the accounting process in these enterprises depends on the strategies, capacities, the accounting system of those enterprises, and the system of legal documents related to environmental accounting.

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