scholarly journals Green Finance During the COVID-19 Pandemic and Beyond: Implications for Green Economic Recovery

2021 ◽  
Author(s):  
Abu Bakkar Siddik ◽  
Guang-Wen Zheng
Keyword(s):  
Financial Institutions ◽  
Commercial Banks ◽  
Negative Impact ◽  
Secondary Data ◽  
Policy Implications ◽  
Economic Recovery ◽  
Annual Reports ◽  
Green Finance ◽  
The Government ◽  
The Impact

The main purpose of study is to identify the impact of COVID-19 pandemic on the green financing of banks and non-bank financial institutions (NBFIs) in an emerging economy such as Bangladesh. Also, this study shows the green banking activities of the banks and NBFIs during the pandemic. To analyze the impact of the pandemic on green financing, secondary data were obtained from the quarterly and annual reports of Bangladesh Bank (BB) on green financing as well as the annual reports and websites of 61 banks and 34 NBFIs in Bangladesh for the period 2021–2019. Subsequently, the study deployed dependent t-test statistics, growth rate (year-on-year), descriptive statistics, relative percentage changes, and varying tables and graphs to analyze the obtained secondary data. The empirical findings revealed that during the COVID-19 pandemic, there was an increase in green finance for all banks and NBFIs compared to before the epidemic, indicating that the pandemic had no negative impact on the total green finance growth of all banks and NBFIs. On the other hand, compared to the pre-pandemic period, bank-wise growth in green financing was higher for state-owned commercial banks (SOCBs), specialized banks (SDBs), and private commercial banks (PCBs) but lower for foreign-owned commercial banks (FCBs) during the COVID-19 epidemic. This suggests that the pandemic does not affect the expansion of green finance by SOCBs, SDBs and PCBs but significantly impacted the growth of green financing by FCBs. Furthermore, the research findings showed that the total outstanding and classified loans within the green finance investment decrease for both banks and NBFIs during the COVID-19 pandemic. The results indicated that the Bangladeshi banks’ level of automation towards green banking were satisfactory during the pandemic. Therefore, major policy implications for the green economic recovery by the government, BB, and managers of the banks and financial institutions in emerging economies like Bangladesh were discussed.

scholarly journals The Impact of COVID-19 on the Green Banking of Financial Institutions in an Emerging Economy: Implications for the Green Economic Recovery

2021 ◽  
Author(s):  
Abu Bakkar Siddik ◽  
Guang-Wen Zheng
Keyword(s):  
Environmental Management ◽  
Financial Institutions ◽  
Commercial Banks ◽  
Secondary Data ◽  
Policy Implications ◽  
Economic Recovery ◽  
Annual Reports ◽  
The Government ◽  
Solar Powered ◽  
The Impact

This study aims to identify the COVID-19 impact on the green banking activities including green financing of banks and non-bank financial institutions (NBFIs) during the pandemic. Besides, this study also reveals the in-house environmental management of banks and NBFIs during the COVID-19 outbreak. To analyze the impact of the pandemic on green banking activities, secondary data were obtained from the quarterly and annual reports of Bangladesh Bank (BB) on green banking activities, annual reports and websites of the sample banks and NBFIs in Bangladesh for the period 2020–2019. The study utilized descriptive statistics, relative percentage changes, and varying tables and graphs to analyze the obtained secondary data. Consequently, the empirical findings revealed that, compared to the pre-pandemic period, banks’ total green financing rose by 7.26% during the pandemic, while total green financing of NBFIs plummeted by 18.53% during the same period. In addition, the category-wise results indicate that green financing of the private commercial banks (PCBs) decreased by 11% during the COVID-19 pandemic, contrasting the 56.54% increase witnessed by the state-owned commercial banks (SOCBs) during the same period. Interestingly, our findings showed that green financing of foreign-owned commercial banks (FCBs) during the pandemic increased by 78.69% in 2020 compared to 2019. During the same period, BB refinancing scheme for green products/initiatives of banks and NBFIs grew by 76.97%. The results further showed that the PCBs and FCBs’ in-house environmental management expanded during the outbreak except for the number of solar-powered ATM booths, which dropped by 68.25% for PCBs and 9.09% for FCBs. On the other hand, SOCBs’ in-house environmental management grew during the pandemic. Furthermore, the results indicate that the Bangladeshi banks’ automation towards green banking were satisfactory during the pandemic. Therefore, major policy implications for the green economic recovery of the government, BB, and mangers of the banks and financial institutions in emerging economies like Bangladesh were discussed.

Fiscal Deficit and Economic Growth in Bangladesh

2016 ◽  
Vol 62 (1) ◽  
pp. 31-42 ◽  
Author(s):  
Ebney Ayaj Rana ◽  
Abu N. M. Wahid
Keyword(s):  
Economic Growth ◽  
Budget Deficit ◽  
Negative Impact ◽  
Political Stability ◽  
Ordinary Least Squares ◽  
Policy Implications ◽  
Government Budget ◽  
The Government ◽  
The Impact ◽  
Government Budget Deficit

The economy of Bangladesh is currently going through a period of continuous budget deficit. The present data suggest that the government budget deficit, on average, is nearly 5% of the country’s GDP. This has been true since the early 2000s. To finance this deficit, governments have been borrowing largely from domestic and foreign sources resulting in inflationary pressure on one hand, and crowding out of private investments on the other. During the same period, although the economy has grown steadily at a rate of more than 6%, this growth is less than the potential. This article presents an econometric study of the impact of government budget deficits on the economic growth of Bangladesh. We conduct a time-series analysis using ordinary least squares estimation, vector error correction model, and granger causality test. The findings suggest that the government budget deficit has statistically significant negative impact on economic growth in Bangladesh. Policy implications of our findings include reestablishing the rule of law, political stability in the country, restructuring tax structure, closing tax loopholes, and harmonizing fiscal policy with monetary policy to attract additional domestic and foreign investment.

scholarly journals Financial Inclusion in Ethiopia: Is It on the Right Track?

2020 ◽  
Vol 8 (2) ◽  
pp. 28 ◽  
Author(s):  
Tekeste Berhanu Lakew ◽  
Hossein Azadi
Keyword(s):  
Financial Institutions ◽  
Low Income ◽  
Secondary Data ◽  
Financial Inclusion ◽  
East African ◽  
African Countries ◽  
Regulatory Guidelines ◽  
The Government ◽  
The Right ◽  
The Impact

It is important to evaluate the impact of Ethiopia’s financial inclusion strategy since it has been launched in 2014. Accordingly, this paper assesses the extent to which the target has been met. The main aim of this study is to measure the success or failure of Ethiopia’s financial inclusion in comparison with other countries in East Africa. Using secondary data, this study revealed that Ethiopia’s financial inclusion is not as successful as other East African countries. This study also found that Ethiopians prefer informal saving clubs rather than formal financial organs. This preference, combined with unemployment and low income, is the barrier to the financial inclusion strategy. Based on the findings, identifying and addressing root causes should be done by removing distance, cost, credit, and documentation barriers. Moreover, the findings showed that access to public transit can also expand the reach of formal financial institutions by encouraging more people to physically access financial institutions. This study recommended access to formal financial organs as a core to financial institutions. Access to formal financial organs should be boosted through increasing financial institutions. Educating individuals about their financial circumstances were also recommended so that people can increase their formal saving uptake. This paper also recommended that the government develop regulatory guidelines for the functioning of financial institutions. The main outcome, therefore, is that financial institutions could be more transparent and predictable, reduce costs, and simplify the rules for entering the market.

Factors Influencing Business Angel’s Investment Decision

2019 ◽  
Vol 35 (4) ◽  
Author(s):  
Nguyen Thi Phuong Linh
Keyword(s):  
Investment Decision ◽  
Secondary Data ◽  
Business Environment ◽  
Policy Implications ◽  
Angel Investor ◽  
Factors Influencing ◽  
The Government ◽  
The Impact ◽  
Official Sources ◽  
Provided Examples

The article provided some factors influencing angel’s investment decisions. Using secondary data from official sources, the author analyzed the impact of factors based on two perspectives: the perspective from startup and the perspective from the government and the business environment. The author provided examples of some countries to illustrate each group of factors. Based on that, the article has made suggestions for startups to fully prepare for calling angel investor successfully, and also suggesting some policy implications for the government improving the business environment in order to promote angel investments.

Measuring financial distress of non-bank financial institutions of Bangladesh using Altman’s Z-Score model

2020 ◽  
Vol 13 ◽  
pp. 15-28
Author(s):  
Mohammad Rifat Rahman ◽  
Md. Mufidur Rahman ◽  
Athkia Subat
Keyword(s):  
Financial Institutions ◽  
Financial Distress ◽  
Stock Exchange ◽  
Secondary Data ◽  
Vital Role ◽  
Annual Reports ◽  
Z Score ◽  
Factors Affecting ◽  
Financial Soundness ◽  
The Government

Non-bank financial institutions (NBFIs) are recognized as the fundamental of a financial market as they complement the banking institutions. Since 1981, NBFIs have been playing a vital role in the economic growth of Bangladesh. Unfortunately, in the recent years most of the NBFIs have been found financially distressed. However, few NBFIs that were included in our sample claimed themselves as potential companies with sound financial performance though it was highly criticized. Therefore, the motivation for conducting this study is to examine the financial soundness of selected NBFIs using Altman’s Z score (1995). This study involved 20 NBFIs out of 23 Dhaka Stock Exchange (DSE) listed institutions, which were selected based on information availability by considering A, B and Z categories from 2014 to 2018 period. The secondary data were collected from the annual reports of the selected companies over the period. The findings are as follows: 95% of the 20 NBFIs were in distress zone during the study period and only 5% NBFIs were in safe zone during 2017-2018 period. Therefore, the analysis predicted that within the upcoming years a few of the NBFIs will be approaching bankruptcy. Finally, it is suggested that the government, respective regulatory authority, and policy makers to pay an immediate attention on mitigating the factors affecting the financial distress.

The Dynamic Fluctuation Relationship between China’s Urbanization and the Disparity of Urban-Rural Resident Living Direct Carbon Dioxide Emissions: A SVAR Analysis

2012 ◽  
Vol 518-523 ◽  
pp. 6079-6083
Author(s):  
Yaqin Liu ◽  
Guo Hao Zhao
Keyword(s):  
Carbon Dioxide ◽  
Carbon Dioxide Emissions ◽  
Negative Impact ◽  
Policy Implications ◽  
Rural Resident ◽  
Short Term ◽  
Urban Rural ◽  
The Government ◽  
The Impact ◽  
Dynamic Fluctuation

Currently, continuous China’s urbanization will emit considerable carbon dioxide emissions, so that China is facing mounting pressure from not only the international community but also domestic itself. This paper applies SVAR model to evaluate the dynamic fluctuation relationship between China’s urbanization and the disparity of urban-rural resident living direct carbon dioxide emissions. The result indicates that the urbanization has an obvious positive effect on the difference of resident living direct carbon dioxide emissions from urban and rural in the short term and it has negative impact in the long term. Moreover, the impact of urban-rural resident living direct carbon dioxide emissions disparity on the urbanization has a negative effect in the short term, gradually turns into a positive, and finally stabilizes zero level. Based on the above conclusions, the government should provide corresponding policy implications for China's carbon emission reduction.

scholarly journals Risk Disclosure and Corporate Cash Holdings

2021 ◽  
Vol 14 (7) ◽  
pp. 328
Author(s):  
Issal Haj-Salem ◽  
Khaled Hussainey
Keyword(s):  
Impression Management ◽  
Negative Impact ◽  
Cash Holdings ◽  
Policy Implications ◽  
Annual Reports ◽  
Current Debate ◽  
Risk Disclosure ◽  
Related Information ◽  
The Impact ◽  
Corporate Cash Holdings

In this paper, we extend corporate disclosure and corporate cash holdings literature by testing whether corporate voluntary risk disclosure affects corporate cash holdings for a sample of Tunisian non-financial listed companies. As a measure of risk disclosure, we use manual content analysis to count the number of risk-related sentences in the narrative sections of corporate annual reports. As a measure of corporate cash holdings, we use the ratio of cash and cash equivalent over the total assets. Using a sample of 140 firm-year observations for the period of 2008–2013, we find that corporate risk disclosure has a negative impact on corporate cash holdings. Our results are consistent with agency, legitimacy and impression management theories. Our paper adds to the existing literature by being the first empirical evidence for the impact of risk disclosure on cash holdings. Our findings offer policy implications relevant for the current debate on the reliability of narrative risk disclosure and whether managers inform or obfuscate stakeholders by disclosing more risk-related information in their annual report narratives.

scholarly journals Impact of Bancassurance on Financial Performance of Private Commercial Banks in India

2019 ◽  
Vol 8 (6S3) ◽  
pp. 2027-2034
Keyword(s):  
Financial Performance ◽  
Financial Institutions ◽  
Commercial Banks ◽  
Secondary Data ◽  
Primary Data ◽  
Best Management ◽  
Regulatory Policies ◽  
Private Banks ◽  
Current Scenario ◽  
The Impact

In order to get competitive advantage, many Financial Institutions are sharing resources in the current scenario. To ward off competition Financial Institutions have tied up with the banks which is termed as bancassurance. The present study is focused on studying the impact of bancassurance on the financial performance of the privately owned commercial banks in India full stop the data was collected from 180 respondents working in 6 private banks of India. With the help of a questionnaire the primary data is collected and the secondary data was collected from the respective Bank sites. It was found that banks should come up with optimum optimal regulatory policies that won't allow them to compromise with the banks performance. And they have to recruit the best management talents so that right decision, smooth handling of the risk can be done by the banks

To list or not to list, that is the question: new evidence from the performance of Vietnamese commercial banks

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Tuan Quoc Le ◽  
Ha Ngan Duong ◽  
Phuong Thanh Nguyen
Keyword(s):  
Initial Public Offering ◽  
Financial Institutions ◽  
Commercial Banks ◽  
Positive Impact ◽  
Policy Implications ◽  
Bank Performance ◽  
Data Set ◽  
Going Public ◽  
Content Type ◽  
The Impact

Purpose This paper aims to investigate the decisions of listing for Vietnamese banks and the impact of listing on bank performance. Design/methodology/approach A longitudinal data set of 30 commercial banks in the period of 2006–2018 with various univariate and multivariate tests is used. Findings This study found that listing is positively associated with bank profitability. The results are consistent even after the control for potential endogeneity problems by propensity score matching methodology and Heckman selection bias models. Further analysis suggests some new alternative channels for the positive impact, namely, the increased quality of information disclosure, technological development and income diversification of commercial banks after listing. Practical implications Hence, this paper provides recommendations and policy implications for regulatory bodies regarding the listing of commercial banks in Vietnam. Originality/value The contributions to the literature are three-folds. First, this study contributes to a strand of literature on the impact of going public [initial public offering (IPO)/listing] of financial institutions on their performance. While the literature on non-financial firm performance post-going public is ample, few have directly considered the IPO/listing of banks and other financial institutions. Second, in further looking at the impact of listing on bank performance, this study also sheds some light on the new possible channels of the effect and provides evidence of new channels. Then, last but not least, the case of Vietnam could possibly yield interesting results for a transitory stock market. From the evidence, the recommendations and policy implications for a listing of Vietnamese banks are provided.

scholarly journals How Government Response to COVID-19 in Bangladesh? An Overview

2021 ◽  
Vol 3 (1-2) ◽  
pp. 92-102
Author(s):  
Ishtiaque Arif ◽  
Mohammad Maksudul Karim ◽  
Md. Siddikur Rahman ◽  
Abu Bakar Abdul Hamid
Keyword(s):  
Financial Institutions ◽  
Small Businesses ◽  
Large Population ◽  
Secondary Data ◽  
Government Response ◽  
Industrial Sectors ◽  
Huge Impact ◽  
The Government ◽  
Start Ups ◽  
The Impact

In this 21st century, in front of the whole world it was a very unlikely occurrence of a new pandemic named as Covid – 19. First China and after other countries it advanced its black claw on Bangladesh. Bangladesh's government was aware of the pandemic's predicament and took steps to protect the population, as well as the economy and numerous industrial sectors. Though the government of Bangladesh did its hardest to provide all forms of assistance to the country's economy, the government was unable to successfully control the pandemic due to the country's large population and people's irresponsibility. Due to the significant impact of Covid-19 during this epidemic, various economic and financial sectors were severely harmed, particularly the garment industry sector. Covid – 19 also has an impact on financial institutions such as banks and other financial institutions. Small businesses, start-ups, and other commercial concerns were also severely harmed. The impact of the epidemic on these industries has had a huge impact on all sectors. This research aims to give a comprehensive and useful overview of the observed and potential consequences in the near future. The study relied on secondary data. Information was gathered from numerous media sources, articles, newspapers, policy experts, and other publications in order to better comprehend it. The goal of this research is to describe Bangladesh's pandemic challenges and government response to the worldwide issue.

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