Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2035241
The nexus among green financial development and renewable energy: investment in the wake of the Covid19 pandemic
Jianhua Ye
Ahmad Al-Fadly
Pham Quang Huy
Thanh Quang Ngo
Doan Dang Phi Hung
Nguyen Hoang Tien
Sažetak
Environmental protection has become a significant issue around
the globe. The extensive use of renewable energy and green
finance is considered as the solution to this dramatic issue, especially in the Covid-19 lockdown. To answer this demand, the present study examines the impact of green financial development
such as green credit, green investment, and green securities
along with corporate social responsibility (CSR) in reporting
renewable energy investment based on evidence from an emerging economy. Economic growth was used as the control variable
of the study. The data was gathered from the central bank and
World Development Indicators (WDI) from 1976 to 2020. The error
correction model (ECM) was used to test the nexus among the
variables. The findings revealed that green credit, green investment, and green securities along with CSR reporting and economic growth have a significant positive nexus with renewable
energy investment in the selected emerging economy. These outcomes are helpful for new arrivals to investigate this area in the
future along with regulators who want to formulate policies
related to green finance and renewable energy usage and investment in the context of emerging and developing countries.
Ključne riječi
Green credit; green investment; green securities; CSR reporting; renewable energy investment; economic growth
Hrčak ID:
302865
URI
Datum izdavanja:
31.3.2023.
Posjeta: 1.362 *