Journal Articles - Business and Management - 2021
Permanent URI for this collection
Browse
Recent Submissions
1 - 5 of 71
-
PublicationAssessing the nexus mechanism between energy efficiency and green finance( 2021)The objective of this study is to measure the energy efficiency index based on green finance data from 114 listed companies of China during 2009 to 2018 by using the slack-based data envelopment analysis (DEA) model to measure the energy efficiency and econometric estimation to measure the impact of debt and equity financing. The proposed research study purpose is to develop a comprehensive assessment financing efficiency index based on energy efficiency index. Results shows that 1% increase in equity financing increases the financing efficiency by 0.002, while bond financing is negatively associated with financing efficiency, whereas 1% rise in debt financing decreases the financing efficiency by −0.019 whereas coefficients of bank financing and market capitalization. Jilin and Shandong provinces are best-performing provinces in terms of financing efficiency, whereas the Henan and Hubei provinces are worst-performing provinces in overall sample. For every 1% increase in research and development, Jilin and Shandong reduce carbon dioxide emissions by considerable amount, respectively. The key findings indicate that banks continue to dominate the Chinese credit industry. A significance of arithmetic mean aggregation as mathematical tool and DEA to construct an eco-friendly index of Chinese have been discussed. The proposed research study highlights irregularities of data issues and to follow appropriate properties index number. The current study may fit in the broader spectrum and developing an ecofriendly index and developing the ranking index based on multiple indicators.
-
PublicationTesting green fiscal policies for green investment, innovation and green productivity amid the COVID‑19 era( 2021)This article measures renewable energy firm-level pure innovation efficiency, green productivity, technical efficiency, scale efficiency and total investment efficiency from micro input–output factors using Banker, Charnes and Cooper’s (BCC) data envelopment analysis (DEA) approach. Its main novelty is that it clearly explores the effective impacts of government subsidies and tax rebate policies on renewable energy firms’ investment efficiency using China’s renewable energy firm-level panel data. Our observational findings indicate that between 2001 and 2018, the aggregate degree of total investment performance from renewable energy firms rose steadily before declining. Renewable energy firms had larger ranges of total investment efficiency and size efficiency, and their levels of pure technological efficiency were both greater than 0.457%. At the 16% trust mark, current government subsidies and taxation rebates had dramatically positive effects on pure technological efficiency and total investment efficiency; additionally, government subsidies have a stronger positive impact on total investment efficiency and pure technical efficiency than taxation rebates. Furthermore, the ownership concentrations of renewable energy companies greatly encourage pure technological efficiency, size efficiency and total investment efficiency, and asset returns will significantly increase their average degree of total investment efficiency and pure technical efficiency.
-
PublicationThe effects of green growth, environmental-related tax, and eco-innovation towards carbon neutrality target in the US economy( 2021)This study aims to examine the nexus between green growth and carbon neutrality targets in the context of the USA while observing the role of ecological innovation, environmental taxes, and green energy. For this purpose, data were collected from 1970 to 2015 for all the variables of interest. This research utilized the quantile autoregressive distributed lag (QARDL) method due to its various benefits, such as depicting the causality patterns based on different quantiles for different variables like green growth, ecological innovation, environmental taxes, and renewable energy. The findings through the QARDL method showed that the error correction coefficient was significant and negative with the expected negative sign for the different quantiles. The findings showed a significant and negative impact of green growth, square of green growth, ecological innovation, and environmental taxes in determining the carbon dioxide (CO2) emissions for the USA’s economy under the longrun estimation. Meanwhile, the outcome for the short-term estimation confirmed that the past and lagged values of CO2 emission were significantly and negatively linked with the current and lagged values of CO2 emission. On the other hand, it was found that green growth and square of green growth, ecological innovation, environmental taxes, and renewable energy played their vital role in reducing haze pollution like PM2.5. Besides, this research also covers the limitations and policy implications.
-
PublicationHow COVID‑19 induced panic on stock price and green finance markets: global economic recovery nexus from volatility dynamics( 2021)This paper investigates the effect of different categories of essential COVID-19 data from 2020 to 2021 towards stock price dynamics and options markets. It applied the hypothetical method in which investors develop depression based on the understanding suggested by various green finance divisions. Furthermore, additional elements like panic, sentiment, and social networking sites may impact the attitude, size, and direction of green finance, subsequently impacting the security prices. We created new emotion proxies based on five groups of information, namely COVID-19, marketplace, lockdown, banking sector, and government relief using Google search data. The results show that (1) if the proportional number of traders’ conduct exceeds the stock market, the effect of sentimentality indexes on jump volatility is expected to change; (2) the volatility index component jump radically increases with the COVID-19 index, city and market lockdown index, and banking index; and (3) expanding the COVID-19 index gives rise to the stock market index. Moreover, all indexes decreased in jump volatility but only after 5 days. These findings comply with the hypotheses proposed by our model.
-
PublicationThe impact of corporate social responsibility on the sustainable financial performance of Italian firms: mediating role of firm reputation( 2021)This research examines the impact of corporate social responsibility (CSR) dimensions (employee, customer, community, and environment) on the sustainable business performance of the manufacturing industry. Manifestly, the mediating impact of firm reputation is also analyzed between CSR and sustainable business performance. In doing so, we have collected primary data from Italian manufacturing firm’s employees using simple random sampling. Smart-PLS was used to test the reliability of the covariates and relationships among the variables. The results revealed that CSR has a positive association with firm reputation and sustainable business performance. The findings also indicated that firm reputation has a significant and positive association with sustainable business performance. Moreover, firm’s reputation plays a positive and significant mediating role between CSR and sustainable business performance. These results provide valuable recommendations.