scholarly journals Green Credit, Green Reputation and Corporate Financial Performance: Evidence From China

Author(s):  
Bin Xi ◽  
Yaran Wang ◽  
Mingqian Yang

Abstract Using green credit to guide the direction of funds is very important for improving the current social environment and enhancing economic development quality. Through its differential pricing features, evidence suggests that green credit has limited the flow of capital to highly polluting and high emission ("two high") industries, allowing more capital to flow to green industries and improving the quality of environmental and economic development. The article combines green credit and the performance of listed banks in a theoretical and empirical study to explore the intrinsic correlation between them and to find the intrinsic motivation for banks to implement green credit, which effectively improves social welfare and promotes sustainable economic development. The article first reviews the current status of green credit research and theories related to green development in China and other countries, and then analyses the dynamics of green credit development, value creation, as well as the mechanisms by which green credit improves the financial performance of listed banks. Finally, the article explores the impact of green credit on the financial performance of listed banks through empirical analysis. Here we have established a panel data model to sort out and analyze the relevant data of 19 listed Banks in China from 2008 to 2017 to study the impact of green credit on listed banks' financial performance. This study has shown that the green credit ratio, as an indicator of the amount of green credit implemented by listed banks, will positively impact financial performance. But the impact of the current period and the one-period lag is more significant, while the effect of the two-period lag is not significant. The second major finding was that when green reputation is used as an indicator to measure the quality of green credit implementation of listed banks, listed banks' financial performance can be significantly improved. Besides, this study has also found that green credit implementation generally has different impacts on different types of banks.

2014 ◽  
pp. 88-117 ◽  
Author(s):  
G. Syunyaev ◽  
L. Polishchuk

We study the impact of Russian regional governors’ rotation and their affiliation with private sector firms for the quality of investment climate in Russian regions. A theoretical model presented in the paper predicts that these factors taken together improve “endogenous” property rights under authoritarian regimes. This conclusion is confirmed empirically by using Russian regional data for 2002—2010; early in that period gubernatorial elections had been canceled and replaced by federal government’s appointments. This is an indication that under certain conditions government rotation is beneficial for economic development even when democracy is suppressed.


2017 ◽  
Vol 13 ◽  
pp. 244-261
Author(s):  
Mariola Tracz ◽  
Małgorzata Bajgier-Kowalska ◽  
Radosław Uliszak

Podkarpackie Voivodeship is one of the regions of Poland in which the number of agritourism entities is very high. Therefore tourism plays a significant role in its development strategy. The aim of the paper is to identify the current state of agritourism and the changes that have occurred in the region in the years 2000–2016. Specific objectives are to determine the distribution of agritourism farms and their offer, together with a comprehensive analysis of the environmental and socio-economic factors, as well as the impact of the Slovak-Ukrainian border. The report was developed on the statistical materials from the Polish Central Statistical Office, Podkarpackie Agricultural Advisory Centre in Boguchwała and data collected from municipalities and district offices that is published on their websites, as well as through interviews with 100 owners of agritourism farms in the Podkarpackie Voivodeship. The research has shown, on the one hand, the decline in the number of farms in the region and, on the other hand, the increase in the diversity of the tourist offer of these entities. Distribution of agritourism farms is closely linked to the attractiveness of natural environment and quality of secondary tourism resources. Traditional agritourism has not yet fully used its countryside, as well as cross-border advantages of its location.


Author(s):  
Elena de Andrés-Jiménez ◽  
Rosa Mª Limiñana-Gras ◽  
Encarna Fernández-Ros

The aim of this study is to determine the existence of a characteristic personality profile of family carers of people with dementia. The correct knowledge and use of psychological variables which affect the carer, helps to promote appropriate actions to mitigate the impact of care and improve the carer’s quality of life and likewise the one of the person cared for. The study population consists of 69 family carers of people with dementia, members of various associations and care centers. The results allow us to identify a characteristic personality profile for these carers and it reveals a specific psychological working in this sample, although we cannot directly relate it with the tasks of caring for people with this disease, this profile gives us very relevant information to pay more attention to the needs of this group. Moreover, the analysis of personality styles depends on the sex of the family carer, showing, once again, that the woman is in a situation of most vulnerability.


2019 ◽  
Vol 19 (6) ◽  
pp. 1344-1361
Author(s):  
Isaiah Oino

Purpose The purpose of this paper is to examine the impact of transparency and disclosure on the financial performance of financial institutions. The emphasis is on assessing transparency and disclosure; auditing and compliance; risk management as indicators of corporate governance; and understanding how these parameters affect bank profitability, liquidity and the quality of loan portfolios. Design/methodology/approach A sample of 20 financial institutions was selected, with ten respondents from each, yielding a total sample size of 200. Principal component analysis (PCA), with inbuilt ability to check for composite reliability, was used to obtain composite indices for the corporate governance indicators as well as the indicators of financial performance, based on a set of questions framed for each institution. Findings The analysis demonstrates that greater disclosure and transparency, improved auditing and compliance and better risk management positively affect the financial performance of financial institutions. In terms of significance, the results show that as the level of disclosure and transparency in managerial affairs increases, the performance of financial institutions – as measured in terms of the quality of loan portfolios, liquidity and profitability – increases by 0.3046, with the effect being statistically significant at the 1 per cent level. Furthermore, as the level of auditing and the degree of compliance with banking regulations increases, the financial performance of banks improves by 0.3309. Research limitations/implications This paper did not consider time series because corporate governance does not change periodically. Practical implications This paper demonstrates the importance of disclosure and transparency in managerial affairs because the performance of financial institutions, as measured in terms of loan portfolios, liquidity and profitability, increases by 0.4 when transparency and disclosure improve, with this effect being statistically significant at the 1 per cent level. Originality/value The use of primary data in assessing the impact of corporate governance on financial performance, instead of secondary data, is the primary novelty of this study. Moreover, PCA is used to assess the weight of the various parameters.


2021 ◽  
Vol 93 (2) ◽  
pp. 31-43
Author(s):  
Iryna Leshchukh ◽  
Olha Mulska

o analyse the impact of Lviv on centre-periphery interactions the authors calculated the Socio-Economic Development Index for different districts of the region and considered the distance of each district from the regional capital. The Socio-Economic Development Index (Іr) of each district was calculated as the arithmetic mean of indices of its economic (Іе) and social (Іs) development. A strong inverse relationship was found between districts’ indices and their distances from the regional capital (R = –0.69). The indices were used to classify districts into three categories: central, semi-peripheral, and peripheral. The central category includes districts located within a 50-km radius of Lviv and their indices range from 0.5 to 0.7. Semi-peripheral districts are located within the radius of 50-75 km and their Іr values range from 0.3 to 0.5. Peripheral districts are located at the furthest distance from the regional centre, and their Іr values are below 0.3. Because the correlation between the distance from the regional center and index value for some districts was not consistent with the general pattern, two subtypes of districts were also added – core and ancillary. The authors demonstrate that the impact of the regional capital on the socio-economic development of administrative districts decreases with their increasing distance from the regional center. The level of socio-economic development in districts depends, on the one hand, on the strength of impulses generated by the regional center, and on the other hand, is determined by the local economic capacity and ability to absorb the impacts of the regional center and other local growth poles.


2012 ◽  
Vol 487 ◽  
pp. 357-364
Author(s):  
Xin Jun Li

In the paper, we propose an allocation scheme that minimizes the response time and cost of the solution subject to reliability and availability constraints in terms of expected value. The algorithm proposed in this paper aims to discover services with high QoS performance, and reduce the execute time at the same time. First, we identify the impact of various structural aspects of the composition in terms of the performance and outcomes of the composition. Then, an algorithm is proposed which can reduce the computing time and makes sure better quality of the services selection at the same time by examining a very tiny fraction of the solution space.Finally, we proves the advantage of the new algorithm by comparing the time obtained by our proposed algorithm with the one achieved by other algorithm.


Author(s):  
J. Eric Oliver ◽  
Shang E. Ha ◽  
Zachary Callen

This chapter considers the types of people who run for office and the types of campaigns they run. It examines the impact of factors such as personal ambition, civic responsibility, mobilizing issues, personal gain, and political indignation by looking at a large sample of local politicians (i.e., unsuccessful candidates and elected officials) from the greater Chicago metropolitan area. The small size, limited scope, and low bias of most Chicago-area municipal governments mean that these local politicians, like local voters, tend to be stakeholders in their communities. They are very concerned with issues of economic development and quality of life, yet are drawn into public affairs primarily from a sense of civic duty and an attachment to their towns. They are motivated less by ideology, partisanship, or even personal ambition, than by a public-spirited commitment to sustaining the quality of their communities.


2019 ◽  
Vol 39 (4) ◽  
pp. 400-414 ◽  
Author(s):  
Mesut Çiçek ◽  
Sevincgul Ulu ◽  
Can Uslay

The Slow City (Cittaslow) concept represents an emerging global trend where participant small cities commit to growing sustainably by preserving their authenticity while celebrating their local culture and diversity. Meanwhile, marketers increasingly find authenticity to be critical for campaigns with efficacy. Using a sample of 762 residents from slow cities, neighboring cities, and other Turkish cities, the authors empirically examine the Slow City movement and demonstrate its positive impact on place authenticity. Slow City membership also positively moderates the effect of perceived authenticity on both perceived entrepreneurial opportunities and economic development, which positively impact quality of life and intention to stay respectively. The results also indicate that the benefits of the Slow City movement spill over to neighboring cities. The Slow City movement offers much promise for place marketing and has potential to slow down the heavy migration from rural to urban areas in emerging markets.


2019 ◽  
Vol 11 (19) ◽  
pp. 5189 ◽  
Author(s):  
Weiliang Chen ◽  
Xinjian Huang ◽  
Yanhong Liu ◽  
Xin Luan ◽  
Yan Song

Development is the eternal theme of the times. However, the transformation of the development mode is imminent, and we should abandon the extensive economic development mode and turn to the efficient development of an intensive mode. The high-tech industry will be the decisive force in future industrial development. The agglomeration of the industry will help form economies of scale, thereby improving the effective allocation of resources and promoting productivity. The increase in green economy efficiency is a key factor in achieving green development and an important indicator of achieving the coordinated development of economic development and environmental protection. Therefore, in this study, we try to improve the efficiency of the green economy through industrial agglomeration to achieve green development. In order to solve this problem, we took the Yangtze River Economic Belt as the research object, used Super Slacks-based Measure (SBM) data envelopment analysis (DEA) and general algebraic modeling system (GAMS) to study the green economy efficiency, and then used the system generalized moment method (SGMM) to study the impact of high-tech industry agglomeration on green economy efficiency. According to the empirical test, we found that (1) the green economy efficiency of the Yangtze River Economic Belt shows a volatile upward trend, (2) the green economy efficiency of the Yangtze River Economic Belt differs with time and by region, (3) the agglomeration of the high-tech industry has a lagging effect on the improvement of green economy efficiency, and (4) the regression coefficients of economic development and foreign direct investment are positive and those of environmental regulation and urbanization are negative. Finally, in this paper, we provide corresponding policy recommendations to promote the agglomeration of high-tech industries, thereby improving the efficiency of the green economy.


2011 ◽  
Vol 33 (4) ◽  
pp. 527-550 ◽  
Author(s):  
EZEQUIEL ADAMOVSKY

The aim of this article is to explore whether there is a relevant impact of the Russian case and of Russian economic thought on the twentieth-century Western debate on economic development. It is argued that things Russian continued to have an impact on this notion, similar to the one we have found for the late eighteenth and nineteenth centuries. Russia’s historical experience provided an important standpoint from which to think and rethink the meaning of economic development. As in the previous centuries, Russia’s paradoxical presence—between Europe and Asia, backward but also modern, an “apprentice” who now claimed the position of a teacher—helped to spark new thinking. The resistance of some of her intellectuals and policy makers to accept the certainties of the mainstream of the economic science contributed to raise doubts regarding the validity of Western conceptual frameworks.


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