Firm- and country-level determinants of green investments: an empirical analysis

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sergey S. Barabanov ◽  
Anup Basnet ◽  
Thomas J. Walker ◽  
Wangchao Yuan ◽  
Stefan Wendt

PurposeThis study aims to examine the determinants of corporate green investments (GI) by using a series of both firm- and country-level factors.Design/methodology/approachThe authors collect information on environmental expenditures of 763 firms from 40 countries and use random effects regressions to identify the determinants of GI.FindingsThe authors find that larger firms tend to invest more in green projects, whereas firms that are highly valued or more profitable are less likely to go green. In terms of country-level determinants, we find that the gross domestic product (GDP) per capita and population are positively related with GI, while GDP growth and surface area are negatively associated with GI. Additionally, firms in common-law countries and English-speaking countries make fewer GI than firms in other countries.Social implicationsThe findings of this research not only contribute to the academic literature in these areas, but also have important implications for both regulators and policymakers in countries that exhibit sub-par GI or who otherwise aim to increase GI by firms operating in their country.Originality/valueThe authors identify and explore the key determinants of GI from both a firm- and country-level perspective.

2019 ◽  
Vol 14 (2) ◽  
pp. 372-388
Author(s):  
Rögnvaldur Hannesson

Purpose To investigate whether CO2 intensity falls at a diminishing rate as countries grow richer. Design/methodology/approach Regression of CO2 intensity on the gross domestic product (GDP) per capita, including squared and cubic terms, for a panel of countries and individual countries. Findings CO2 intensity falls at a diminishing rate as countries grow richer. Originality/value Many studies have found that CO2 intensity falls with GDP per capita, but whether it does so at a diminishing rate has not been investigated. This result suggests that structural changes in GDP (more services) as countries get richer will provide little or no help toward decarbonization. It is shown that the extraction of minerals critical for industrial production has increased on par with real GDP. This could explain why CO2 emissions fall at a diminishing rate.


2018 ◽  
Vol 45 (4) ◽  
pp. 773-790 ◽  
Author(s):  
Alcides J. Padilla ◽  
Alexander Garrido

Purpose The purpose of this paper is to explore the causes that determine the UK’s civilian research and development (R&D) expenditure to forecast its possible evolution in a post-Brexit scenario. Design/methodology/approach The authors use the Johansen’s co-integration analysis for time series. Findings The authors find a co-integration relationship between R&D and variables such as exports, military expenditure, patents, EU GDP per capita and USA GDP per capita. The authors also observed a stagnation in the foreseen R&D expenditure over the next five years. Research limitations/implications The authors warned that the results can only be viewed as a glance into the understanding of the complex elements that undergird the UK’s civilian, scientific and technological policy-making. But the authors see them as an interesting starting point for scrutinizing current shortcomings in policy-making, while providing clues for corrective action that would otherwise lead the UK to a structural crisis in its economic performance. Originality/value This study constitutes a first attempt to account for the loss of the UK’s innovative influence all over the world.


Author(s):  
Bruna Rondinone ◽  
Antonio Valenti ◽  
Valeria Boccuni ◽  
Erika Cannone ◽  
Pierluca Dionisi ◽  
...  

The aim of this study is to map the coverage of occupational safety and health (OSH) rules and provisions and their enforcement at a country level worldwide. Members’ participation in the International Commission on Occupational Health (ICOH) activities was also investigated. We used a questionnaire-based survey to collect data. An online questionnaire was administered from February 14 to March 18, 2018 to all ICOH members for the triennium 2015 to 2017 (n = 1929). We received 384 completed questionnaires from 79 countries, with a 20% response rate. To synthesize information about the coverage of OSH rules and provisions and their level of enforcement, a synthetic coverage index was calculated and combined with country, gross domestic product (GDP) per capita and the human development index (HDI). We used multiple correspondence analysis (MCA) to analyze the members’ participation in ICOH activities. More than 90.0% of the sample declared that in their own country there is a set of rules and provisions regulating OSH in the workplace, and training procedures and tools to improve workers’ awareness. However, these rules and training procedures are mainly “partially” enforced and utilized (39.0% and 45.4%). There was no statistically significant association between country and GDP per capita and the synthetic coverage index, whilst controlling for HDI. The level of engagement in ICOH activities is higher in senior members (aged 65 years or older), coming from high-income countries, having held a position within ICOH, with a higher level of education and a researcher position. An integrated and multidisciplinary approach, which includes research, education and training, is needed to address OSH issues and their impact both at global and country level.


2019 ◽  
Vol 13 (2) ◽  
pp. 249-275
Author(s):  
Jake David Hoskins ◽  
Ryan Leick

Purpose This study aims to investigate a sharing economy context, where vacation rental units that are owned and operated by individuals throughout the world are rented out through a common website: vrbo.com. It is posited that gross domestic product (GDP) per capita, a common indicator of the level of economic development of a nation, will impact the likelihood that prospective travelers will choose to book accommodations in the sharing economy channel (vs traditional hotels). The role of online customer reviews in this process is investigated as well, building upon a significant body of extant research which shows their level of customer decision influence. Design/methodology/approach An empirical analysis is conducted using data from the website Vacation Rentals By Owner on 1,940 rental listings across 97 countries. Findings GDP per capita serves as risk deterrent to prospective travelers, making the sharing economy an acceptable alternative to traditional hotels for the average traveler. It is also found that the total number of online customer reviews (OCR volume) is a signal of popularity to prospective travelers, while the average star rating of those online customer reviews (OCR valence) is instead a signal of accommodation quality. Originality/value This study adds to a growing agenda of research investigating the effect of online customer reviews on consumer decisions, with a particularly focus on the burgeoning sharing economy. The findings help to explain when the sharing economy may serve as a stronger disruptive threat to incumbent offerings. It also provides the following key insights for managers: sharing economy rental units in developed nations are more successful in driving booking activity, managers should look to promote volume of online customer reviews and positive online customer reviews are particularly influential for sharing economy rental booking rates in less developed nations.


2018 ◽  
Vol 67 (9) ◽  
pp. 1854-1881 ◽  
Author(s):  
Mangesh Gharfalkar ◽  
Zulfiqur Ali ◽  
Graham Hillier

Purpose The purpose of this paper is twofold: first, to identify and analyse existing resource efficiency (RE) and resource effectiveness measures and indicators (REMIs); and second, to identify gaps and develop a new indicator of “operational resource effectiveness” (OREft) suitable for manufacturing units. Design/methodology/approach Research methodology consists of three stages: gap identification, development and testing. Through review of academic literature, 40 REMIs are identified and analysed. A survey of manufacturers is carried out to validate the hypothesis and seek inputs on the development of the new indicator. The proposed indicator is tested by comparing OREft index of two manufacturing units with each other, with resource intensity per unit (RIPU), waste intensity per unit (WIPU) and with four other REMIs. Findings Analysis of 40 REMIs clearly points towards the absence of a hypothesised REMI. In total, 78 per cent of manufacturers surveyed in north England substantiate the hypothesis. Inverse correlation established between the proposed OREft indicator, RIPU, WIPU and other comparisons is likely to validate the output generated by the proposed indicator. Research limitations/implications Testing of this indicator is limited to two dissimilar manufacturing units that shared data. Practical implications The proposed indicator is useful for comparing the operational resource effectiveness of individual factories over a period as well as with other factories. RIPU and WIPU captured in this indicator also represent operational RE that can be used to initiate improvement action. Originality/value Inclusion of both, the resource consumption and the waste generation along with discount/multiplying factors that capture the circularity aspects is likely to be the distinguishing feature of this indicator.


2016 ◽  
Vol 12 (1) ◽  
pp. 40-60 ◽  
Author(s):  
Abdoulkadre Ado ◽  
Zhan Su

Purpose – The purpose of this paper is to critically assesses the major contributions to the academic literature on China’s increased focus on Africa, from 2001 to 2011. It discusses the key trends concerning China’s presence in Africa and draws conclusions on the significance of the studies by emphasizing and contrasting the prevailing positions. Design/methodology/approach – Based on a qualitative approach using an integrative and comprehensive literature review, the authors performed a content analysis of high-impact, peer-reviewed papers. Findings – The paper questions and repositions some of the existing controversies. The results from existing studies remain questionable, requiring further clarification and more theoretical backing. It, moreover, highlights the notion that behind the explicit neutrality views of China’s presence in Africa, implicit assumptions may exist. These are often the differences in narratives conveyed by Western and Southern stakeholders. Research limitations/implications – Most of the conclusions drawn from this paper need to be re-explored and supported by additional research. This could be done by widening the scope of the analysis. Studies need to provide more empirical support for their assertions through quantitative data and evidence-based qualitative analyses – all within a framework that considers more cultural, social and historical dimensions. The paper also suggests that an institutionally based view appears most relevant in better explaining China in Africa. Originality/value – This paper reviews a decade of research on China in Africa and presents a snapshot of the current state of knowledge. It also raises concerns to be analyzed by future research and proposes new avenues for better understanding China’s presence in Africa.


2018 ◽  
Vol 11 (3) ◽  
pp. 325-341 ◽  
Author(s):  
Malgorzata Dziembala

Purpose This paper aims to analyse the competitiveness of the regions of the Visegrad countries (Czechia, Hungary, Poland and Slovakia) with respect to their sustainability and discuss the role of the EU cohesion policy in promoting regional competitiveness in this dimension. Design/methodology/approach The sustainable competitiveness of Visegrad Group countries was analysed with the use of a taxonomic method, to determine the regions with the highest, middle and low level of the sustainable development (competitiveness). The level of sustainable competitiveness of the Visegrad regions was indicated based on the author’s own set of diagnostic variables which define three dimensions of sustainability. Findings The analysis revealed that the regions of the Visegrad Group countries with high GDP per capita are not necessarily ranked high in terms of sustainable competitiveness. The obtained results confirm the assumption that traditional indicators such as GDP per capita do not capture all aspects of social and environmental sustainability. Thus, the cohesion policy in the Visegrad Group countries should be diversified and adjusted to the special needs of the regions with particular emphasis being laid on sustainability dimension and the level of their economic development. When identifying the directions of support under the cohesion policy, special attention should be paid to the development of modern technologies, including information and communication technology (ICT), that facilitate the transformation of regions towards the smart regions path. Research limitations/implications Because of the data availability, it covers only one year, 2014, where it was possible. Further investigation should focus on the comparison of the changes over a certain period and changes that took place in the ranking. In addition, a detailed analysis of the regions with regard to their development of the “sustainable path” should be considered. It is essential to support less developed regions in the field of the sustainable and inclusive development through cohesion policy which is supported in 2014-2020. However, it is also important to promote the ICT investment in the lagging regions. Practical implications The analysed 35 regions of the Visegrad countries were ranked according to their level of sustainable competitiveness. The three groups of regions were distinguished. The first place in the ranking was occupied by the region which recorded the highest value of the TMC – a taxonomic measure of sustainable competitiveness and the last region – it is the region with the lowest value of the TMC. Originality/value The paper discusses the concept of sustainable competitiveness of regions. The level of sustainable competitiveness of the Visegrad regions was indicated based on the own set of diagnostic variables which define three dimensions of sustainability. The paper makes a contribution to the discussion on the regional smart and sustainable competitiveness and the role of EU cohesion policy in supporting the sustainable competitiveness.


Significance Municipal elections on May 16 will be particularly significant in Zagreb, where Bandic’s death lays wide open Croatia’s third-most-important political contest, after those for parliament and the presidency. His 20-year rule of Croatia’s capital was dogged by accusations of corruption, including a spell in prison awaiting trial. He died with the Agram case and an appeal against acquittal in another case undecided. Impacts Bandic was a key HDZ ally in the capital, where the ruling party has little traction. His well-established network of political and business associates could try to survive under new leadership. Zagreb is a key political prize in Croatia, with GDP per capita twice the national average and one-fifth of the population.


2019 ◽  
Vol 9 (2) ◽  
pp. 157-168 ◽  
Author(s):  
Eric Vincent Celestial Batalla

Purpose The purpose of this paper is to analyse police corruption in the Philippines and to assess measures to control it. Design/methodology/approach The paper identifies the causes of police corruption and assesses anti-corruption measures adopted by the Philippine National Police and other agencies. The paper utilizes surveys, interviews, reported cases and official documents to determine the extent of police corruption, identify its causes and assess the effectiveness of anti-corruption measures. Findings Police corruption is systemic in the Philippines. Political and economic circumstances, both historical and contemporary, combined with weak internal controls and other inadequate anti-corruption measures perpetuate systemic police corruption. Originality/value The paper contributes to the academic literature on police corruption in the Philippines. It would be of interest to policymakers, scholars, as well as anti-corruption and development practitioners who are involved in institutional and governance reforms.


2019 ◽  
Vol 76 (1) ◽  
pp. 1-26 ◽  
Author(s):  
Foteini Valeonti ◽  
Melissa Terras ◽  
Andrew Hudson-Smith

Purpose In recent years, OpenGLAM and the broader open license movement have been gaining momentum in the cultural heritage sector. The purpose of this paper is to examine OpenGLAM from the perspective of end users, identifying barriers for commercial and non-commercial reuse of openly licensed art images. Design/methodology/approach Following a review of the literature, the authors scope out how end users can discover institutions participating in OpenGLAM, and use case studies to examine the process they must follow to find, obtain and reuse openly licensed images from three art museums. Findings Academic literature has so far focussed on examining the risks and benefits of participation from an institutional perspective, with little done to assess OpenGLAM from the end users’ standpoint. The authors reveal that end users have to overcome a series of barriers to find, obtain and reuse open images. The three main barriers relate to image quality, image tracking and the difficulty of distinguishing open images from those that are bound by copyright. Research limitations/implications This study focusses solely on the examination of art museums and galleries. Libraries, archives and also other types of OpenGLAM museums (e.g. archaeological) stretch beyond the scope of this paper. Practical implications The authors identify practical barriers of commercial and non-commercial reuse of open images, outlining areas of improvement for participant institutions. Originality/value The authors contribute to the understudied field of research examining OpenGLAM from the end users’ perspective, outlining recommendations for end users, as well as for museums and galleries.


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