Financing Sustainable Growth in Europe: The Key Role of Sustainable Finance in Preventing Environmental Damage and Implementing Adaptation Strategies

2021 ◽  
pp. 147-166
Author(s):  
Letizia Casertano
Keyword(s):  
Adaptation Strategies ◽  
Sustainable Growth ◽  
Environmental Damage ◽  
Sustainable Finance

scholarly journals Sustainable Finance and COVID-19: The Reaction of ESG Funds to the 2020 Crisis

2021 ◽  
Vol 13 (23) ◽  
pp. 13253
Author(s):  
Fabio Pisani ◽  
Giorgia Russo
Keyword(s):  
Event Study ◽  
Sustainable Growth ◽  
Garch Models ◽  
Portfolio Risk ◽  
Investment Funds ◽  
Sustainable Investment ◽  
Sustainable Finance ◽  
Risk Protection ◽  
Contagion Risk

We investigated the financial performance of a sample of sustainable investment funds in terms of returns, volatility, and contagion risk during the financial crisis caused by the COVID-19 pandemic. In order to conduct a more reliable analysis, we considered a homogenous sample composed of 30 funds declaring the same benchmark (the MSCI Europe index). The Morningstar Sustainability ESG rating was used to determine the level of sustainability of each fund. Both the GARCH models and the event study suggest that funds with a higher ESG rating were able to outperform other funds during the COVID-19 period. These funds had a greater level of resilience and exhibited a lower level of risk contagion during the pandemic. These instruments appear to assume the role of risk protection and should be considered a means of both promoting sustainable growth and minimizing portfolio risk.

Emissions Responsibility and Relative Importance of the Productive Sectors in Turkey: 2002-2011

2014 ◽  
Author(s):  
Celal Taşdoğan ◽  
Bilgen Taşdoğan
Keyword(s):  
Air Pollutants ◽  
Economic Value ◽  
Value Added ◽  
High Growth ◽  
Air Pollutant ◽  
Sustainable Growth ◽  
Environmental Damage ◽  
Relative Importance ◽  
Input Output ◽  
Key Sectors

Turkey has realized high growth rates during the period of 2002-2011, except in 2008 and 2009 years. It is thought that the rapidly growing in the country may cause a lot of environmental damage, especially air pollution problems. In other words, the productive sectors have produced two outputs which are economic value added and air pollutants. This study used input output matrixes are to find out the strategically important sectors as it is known key sectors and weak sectors caused the environmental effects in the country. For this purpose, it has been tried to investigate air pollutant quantities which caused by the production process of the sectors in the period of 2002-2011 and performed the input-output tables for Turkey constructed in the World Input Output Database (WIOD) Project. These input-output tables include the emission satellite accounts, which are CO2 emissions and other air pollutants, respectively N2O, CH4, N2O, NOx, SOx, CO, NMVOC and NH3, disaggregated for the 34 sectors. It is expected that the outcomes of the study may contribute to sustainable growth debates and environmental policy implementations in Turkey.

scholarly journals Innovation Capabilities and the Performance of Start-Ups in Korea: The Role of Government Support Policies

2021 ◽  
Vol 13 (11) ◽  
pp. 6009
Author(s):  
Se-Kyoung Choi ◽  
Sangyun Han ◽  
Kyu-Tae Kwak
Keyword(s):  
Firm Performance ◽  
Financial Support ◽  
Political Support ◽  
Sustainable Growth ◽  
Government Support ◽  
Role Of Government ◽  
Positive Effects ◽  
Start Up ◽  
Start Ups

What kind of capacity is needed to improve the performance of start-ups? How effective are government support policies in improving start-up performance? Start-ups are critical firm group for ensuring the prospective and sustainable growth of an economy, and thus many countries’ governments have established support policies and they are likely to engage more widely in forward-looking political support activities to ensure further growth and expansion. In this paper, the effect of innovation capabilities and government support policies on start-up performance is examined. We used an unbalanced panel data analysis with a random effect generalized least squares. We investigated the effect of government support policies on 4368 Korean start-ups. The findings indicated that technology and knowledge capabilities had positive effects on the sales performance of start-ups, and government financial support positively affected the relationship between knowledge capability and firm performance. However, when government financial support increased, marketing capability was negatively associated with firm performance. These results demonstrate the significant role of government financial support, including its crowding in but also its crowding out effect. Practical implications: To be more effective, governments should employ innovation-driven entrepreneurship policy approaches to support start-ups. To improve their performance, start-ups need to increase their technology and knowledge capabilities. This study extends recent efforts to understand more fully the effect of government support policies on start-ups differing in their technology, knowledge, and marketing capabilities.

Firm Sustainable Growth during the COVID-19 Pandemic: The Role of Customer Concentration

2021 ◽  
Vol 57 (6) ◽  
pp. 1566-1577
Author(s):  
Xuesheng Chen ◽  
Caixia Liu ◽  
Feng Liu ◽  
Mingjie Fang
Keyword(s):  
Sustainable Growth

scholarly journals DANNO AMBIENTALI E «RIMEDI DI DIRITTO CIVILE»: VERSO IL SUPERAMENTO DELLA COMPENSAZIONE «PER EQUIVALENTE»?

2020 ◽  
Author(s):  
Alessandro D'Adda
Keyword(s):  
Environmental Damage ◽  
Monetary Compensation

The article deals with the role of the restitutio in integrum in case of environmental damage and the residual room for the monetary compensation in this field.

The Role of Offshore Monitoring in an Effective Deepwater Riser Integrity Management Program

2007 ◽  
Author(s):  
Brittany Goldsmith ◽  
Elizabeth Foyt ◽  
Madhu Hariharan
Keyword(s):  
Failure Modes ◽  
Human Life ◽  
Management Program ◽  
Measured Data ◽  
Operating Conditions ◽  
Environmental Damage ◽  
Positioning Systems ◽  
Integrity Management ◽  
Deepwater Riser

As offshore field developments move into deeper water, one of the greatest challenges is in designing riser systems capable of overcoming the added risks of more severe environments, complicated well requirements and uncertainty of operating conditions. The failure of a primary riser component could lead to unacceptable consequences, including environmental damage, lost production and possible injury or loss of human life. Identification of the risks facing riser systems and management of these risks are essential to ensure that riser systems operate without failure. Operators have recognized the importance of installing instrumentation such as global positioning systems (GPS), vessel motion measurement packages, wind and wave sensors and Acoustic Doppler Current Profiler (ADCP) units to monitor vessel motions and environmental conditions. Additionally, high precision monitoring equipment has been developed for capturing riser response. Measured data from these instruments allow an operator to determine when the limits of acceptable response, predicted by analysis or determined by physical limitations of the riser components, have been exceeded. Regular processing of measured data through automated routines ensures that integrity can be quickly assessed. This is particularly important following extreme events, such as a hurricane or loop current. High and medium alert levels are set for each parameter, based on design analysis and operating data. Measured data is compared with these alert levels, and when an alert level is reached, further response evaluation or inspection of the components in question is recommended. This paper will describe the role of offshore monitoring in an integrity management program and discuss the development of alert levels based on potential failure modes of the riser systems. The paper will further demonstrate how this process is key for an effective integrity management program for deepwater riser systems.

An investigation of the control role and effectiveness of independent non-executive directors in Malaysian public listed companies

2015 ◽  
Vol 30 (6/7) ◽  
pp. 582-609 ◽  
Author(s):  
Hairul Azlan Annuar ◽  
Hafiz Majdi Abdul Rashid
Keyword(s):  
Qualitative Research ◽  
Research Design ◽  
Audit Committee ◽  
Listed Companies ◽  
Sustainable Growth ◽  
Executive Directors ◽  
Content Type ◽  
Qualitative Research Design ◽  
Company Directors

Purpose – The purpose of this study is to ascertain the control role of independent non-executive directors (INEDs) in Malaysian public listed companies (PLCs), as prescribed in the Malaysian Code on Corporate Governance (MCCG).The MCCG (2000) requires substantive involvement of INEDs on the audit, nomination and remuneration board sub-committees. The study also examines the effectiveness of INEDs in discharging their monitoring roles in these sub-committees. Design/methodology/approach – A qualitative research design consisting of a series of interviews with board members of Malaysian-owned PLCs on the board of Bursa Malaysia was used. Findings – Interviews with 27 company directors reveal that, due to their independence, INEDs are crucial in safeguarding the interests of smaller investors if situations arise in which shareholders’ interests may be threatened. The interviews also disclose that the audit committee possesses the most authority among the sub-committees, as it derives its power not only from the Listing Requirements but also from statute, as well as being involved in areas of the company not traditionally associated with the committee. The study also reveals the differences in opinion between executive directors and INEDs with regard to the extent of INEDs’ effectiveness. Research limitations/implications – This research utilises interviews. Generalisation may be an issue when interviews are used as the method of inquiry. In addition, the sample is not random, as access to many directors is dependent on recommendations. In addition, the respondents have been consciously selected to cover various board positions, including independent and non-independent directors. Practical implications – The findings from this research suggest that INEDs are able to discharge their responsibilities in overseeing the conduct of executives and protecting the interests of investors. In addition, the interviews disclose that the effectiveness of INEDs depends on how non-executive directors view INEDs being on the board. Rather than focusing solely on their control role, INEDS are expected to have a more proactive and progressive role in ensuring sustainable growth and the expansion of the business entity. Originality/value – There are limited studies using qualitative research design in investigating the effectiveness of INEDs in the control role of the board in developing countries. Prior studies were predominantly based upon the experience of Western economies.

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