Research in International Business and Finance最新文献_第2页

Sustainable development goals and environmental performance: Exploring the contribution of governance, energy, and growth 可持续发展目标与环境绩效：探索治理、能源和增长的贡献

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-10-29 DOI: 10.1016/j.ribaf.2024.102646

Mirza Muhammad Naseer , Ahmed Imran Hunjra , Alessia Palma , Tanveer Bagh

{"title":"Sustainable development goals and environmental performance: Exploring the contribution of governance, energy, and growth","authors":"Mirza Muhammad Naseer , Ahmed Imran Hunjra , Alessia Palma , Tanveer Bagh","doi":"10.1016/j.ribaf.2024.102646","DOIUrl":"10.1016/j.ribaf.2024.102646","url":null,"abstract":"<div><div>This study investigates the impact of renewable and non-renewable energy consumption, governance quality, and economic growth on environmental sustainability across frontier, emerging, and developed economies from 2001 to 2021. The Environmental Performance Index (EPI) and Sustainable Development Goals (SDGs) are environmental sustainability measures. The study addresses potential endogeneity issues through advanced econometric techniques and explores the differential impacts of energy sources, governance structures, and economic factors on environmental performance. The findings reveal significant variations in how these factors influence environmental sustainability across frontier, emerging, and developed economies. The results demonstrate a positive relationship between renewable energy consumption and governance quality with environmental sustainability, while non-renewable energy consumption exhibits a negative association. Economic growth emerges as a crucial factor influencing both environmental performance and the advancement of SDGs. This research contributes to the expanding literature on environmental sustainability by presenting a comprehensive analysis of its determinants across different economic contexts. The findings provide valuable insights for policymakers, underscoring the importance of tailored approaches to energy policy, governance reforms, and economic development strategies in the pursuit of environmental sustainability goals.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"73 ","pages":"Article 102646"},"PeriodicalIF":6.3,"publicationDate":"2024-10-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142653583","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Integration of investor behavioral perspective and climate change in reinforcement learning for portfolio optimization 将投资者行为视角和气候变化纳入强化学习，优化投资组合

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-10-28 DOI: 10.1016/j.ribaf.2024.102639

Youssef Bouyaddou, Ikram Jebabli

引用次数: 0

Risk sharing framework and systemic tolerance in Indian banks: Double layer network approach 印度银行的风险分担框架和系统容忍度：双层网络方法

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-10-28 DOI: 10.1016/j.ribaf.2024.102636

Ameet Kumar Banerjee , Molla Ramizur Rahman , Arun Kumar Misra , Ahmet Sensoy

{"title":"Risk sharing framework and systemic tolerance in Indian banks: Double layer network approach","authors":"Ameet Kumar Banerjee , Molla Ramizur Rahman , Arun Kumar Misra , Ahmet Sensoy","doi":"10.1016/j.ribaf.2024.102636","DOIUrl":"10.1016/j.ribaf.2024.102636","url":null,"abstract":"<div><div>Interconnectedness spreads systemic risk and is critical in enhancing banks’ systemic tolerance through interbank liquidity and lines of credit. Literature on systemic risk has not considered the importance of interconnectedness in providing liquidity to improve banks’ systemic tolerance. As a bank’s resistivity towards systemic disruption depends on its tolerance, the current article develops a model to measure the systemic tolerance of individual banks in a two-layer interbank network using ΔCoVaR. It estimates systemic tolerance distance through a risk-sharing framework and analyzes the significance of macroeconomic and bank-specific factors in explaining systemic tolerance. The results support that systemic tolerance values are higher during the down-cycle than the up-cycle, signaling the importance of interconnectedness in protecting against systemic crises. The empirics further substantiate that risk-sharing distance is lower, and structure is complex with clusters during economic down-cycle. This highlights that banks couple with each other during stressful environments and empirically validate the importance of interbank and lines of credit in enhancing systemic tolerance and, therefore, possess the regulator to develop a robust interbank market through regulatory guidelines.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"73 ","pages":"Article 102636"},"PeriodicalIF":6.3,"publicationDate":"2024-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142578769","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Broadband infrastructure and enterprise digital transformation: Evidence from China 宽带基础设施与企业数字化转型：来自中国的证据

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-10-28 DOI: 10.1016/j.ribaf.2024.102645

Meng Li , Zhengqi Wang , Linhan Shu , Haoyu Gao

引用次数: 0

Digital development and rural financial inclusion: Evidence from China 数字发展与农村普惠金融：来自中国的证据

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-10-28 DOI: 10.1016/j.ribaf.2024.102637

YiZheng Wang , ZhenTian Zhang

{"title":"Digital development and rural financial inclusion: Evidence from China","authors":"YiZheng Wang , ZhenTian Zhang","doi":"10.1016/j.ribaf.2024.102637","DOIUrl":"10.1016/j.ribaf.2024.102637","url":null,"abstract":"<div><div>Digital technology has profoundly influenced the development of the financial sector and is of great importance to financial inclusion. This paper employs sub-provincial panel data from 2005 to 2019 to analyse the impact mechanisms of digital economy development on rural finance, exploring the impact of digitalization and overall digital literacy on rural finance. Our findings verify that digitalization has a positive contribution to rural finance, while digital literacy has a significant inhibitory effect on rural finance. This still holds after a series of robustness tests. Subsequent mechanism analysis reveals that digital technology benefits rural finance by optimizing industrial structure and promoting technological progress, while digital literacy accelerates urbanization, leading to the loss of rural labor and thus inhibiting rural finance. Heterogeneity analysis shows that the role of the digital economy in rural inclusive finance is more pronounced in the eastern and central regions. Additionally, higher levels of human capital, economic development, entrepreneurship, and digitalization will further enhance the impact of the digital economy on rural inclusive finance. This study offers a new pathway for the realization of financial inclusion and a theoretical reference for financial development in rural areas. Our empirical analysis also provides new perspectives and insights for the formulation of policies and measures to coordinate the development of various elements of digital finance and cope with the impact of the digital economy on rural finance.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"73 ","pages":"Article 102637"},"PeriodicalIF":6.3,"publicationDate":"2024-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142560656","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

“Volatility in a Mug Cup”: Spillovers among cocoa, coffee, sugar futures and the role of climate policy risk "杯中波动"：可可、咖啡和糖期货之间的溢出效应以及气候政策风险的作用

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-10-23 DOI: 10.1016/j.ribaf.2024.102634

Jiamin Ge , Anna Min Du , Boqiang Lin

{"title":"“Volatility in a Mug Cup”: Spillovers among cocoa, coffee, sugar futures and the role of climate policy risk","authors":"Jiamin Ge , Anna Min Du , Boqiang Lin","doi":"10.1016/j.ribaf.2024.102634","DOIUrl":"10.1016/j.ribaf.2024.102634","url":null,"abstract":"<div><div>Hot beverages have surged in popularity due to the increasing emphasis on healthy living among consumers. This trend extends upstream to prosper futures markets for essential raw materials within the supply chain. However, there is a significant gap in the literature concerning volatility spillovers within these futures markets, specifically cocoa, coffee, and sugar futures. Given the susceptibility of these raw material agricultural productions to weather conditions, an intriguing question emerges regarding the potential impact of climate policy uncertainty on the volatility spillover dynamics of these commodity prices. This study employs the TVP-VAR-DY methodology to quantify volatility spillovers among global mainstream cocoa, coffee, and sugar futures, then the Time-Varying Granger Causality test is deployed to uncover the influence of climate policy uncertainty. The findings underscore a pronounced and statistically significant spillover effect among the volatilities of coffee-related commodity futures, with the U.S. sugar futures market emerging as a pivotal conduit for risk transmission. In exploring the impact of climate policy uncertainty, it is discerned that global climatic patterns exert some unique and substantive influence on systemic risk spillovers. These insights provide a basis for stakeholders in the hot drink industrial chain to think about effective risk management mechanisms.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"73 ","pages":"Article 102634"},"PeriodicalIF":6.3,"publicationDate":"2024-10-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142560655","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Role of financial development and inclusivity in moderating the environmental effects of human development 金融发展和包容性在调节人类发展的环境影响方面的作用

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-10-21 DOI: 10.1016/j.ribaf.2024.102623

Alina Cristina Nuta , Olivier Joseph Abban , Hicham Ayad , Florian Marcel Nuta

{"title":"Role of financial development and inclusivity in moderating the environmental effects of human development","authors":"Alina Cristina Nuta , Olivier Joseph Abban , Hicham Ayad , Florian Marcel Nuta","doi":"10.1016/j.ribaf.2024.102623","DOIUrl":"10.1016/j.ribaf.2024.102623","url":null,"abstract":"<div><div>The era of prioritizing economic growth, regardless of its overall impact, has ended. An integrative approach to global development that is increasingly human-centered and environmentally friendly, as well as promotes social resilience must be considered. This study assesses the beneficial role of a mature and inclusive financial architecture in environmental quality, emphasizing the impact of human development. Findings reveal that financial development mitigates the overall negative impact of human development on environmental degradation, as measured by carbon emissions and ecological footprint, in developed countries. This study raises awareness regarding the impact of human development on environmental degradation in 25 European countries between 1996 and 2019. It employs the two-step Generalized Method of Moments (GMM) as the main estimator to reveal the empirical effects, with the Driscoll–Kraay estimator serving as a robustness test. Furthermore, we explore the significance of economic freedom, renewable energy, and green innovation in curbing environmental impact.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"73 ","pages":"Article 102623"},"PeriodicalIF":6.3,"publicationDate":"2024-10-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142560907","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The impact of inclusion in the MSCI EM index on firms' investment efficiency：Evidence from China 纳入MSCI新兴市场指数对企业投资效率的影响：来自中国的证据

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-10-20 DOI: 10.1016/j.ribaf.2024.102635

Shizheng Dong , Jiacheng Liu , Yuexing Zhang, Qian Tian , Junzhou Yan

引用次数: 0

Micro-mechanisms of digitalization-driven financing for renewable energy: Growing capital pools and shifting flows 数字化驱动的可再生能源融资的微观机制：不断增长的资本池和流动的变化

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-10-19 DOI: 10.1016/j.ribaf.2024.102633

Siquan Wang , Anna Min Du , Boqiang Lin

{"title":"Micro-mechanisms of digitalization-driven financing for renewable energy: Growing capital pools and shifting flows","authors":"Siquan Wang , Anna Min Du , Boqiang Lin","doi":"10.1016/j.ribaf.2024.102633","DOIUrl":"10.1016/j.ribaf.2024.102633","url":null,"abstract":"<div><div>Recent facts from China suggest that the advancement of digitalization is altering the market expectations regarding renewable energy. Limited studies have offered evidence encompassing the stock effect of digitalization that enhanced corporate financing and the flow effect that initiated speculative behavior. However, a comprehensive discourse remains insufficient. This paper investigates the synergetic effects of digitalization's stock and flow on renewable energy financing, employing the business data of all listed companies in China from 2003 to 2023. The results demonstrate that: (1) Digitalization's stock has expanded the potential fund pool for renewable energy financing, yet it is challenging to influence the flow of funds; digitalization's flow has triggered a flood of funds into the renewable energy industry, but this relies on the new investors attracted by the stock. (2) The synergetic effect governs the systematic influence of digitalization on renewable energy financing and mitigates the measurement bias when considering only a single effect. (3) We further contemplate the indirect effects of renewable energy market expansion, technological progress, and global energy market fluctuations, alleviating concerns regarding the omitted variable bias. The results of the differential regression and generalized method of moments also indicate the robustness of the conclusion.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"73 ","pages":"Article 102633"},"PeriodicalIF":6.3,"publicationDate":"2024-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142535762","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Insights for sustainable business practices: Comparative impact of independent and corporate venture capital funding on financial and environmental performance 可持续商业实践的启示：独立风险投资和公司风险投资对财务和环境绩效的比较影响

IF 6.3 2区经济学

Research in International Business and Finance Pub Date : 2024-10-12 DOI: 10.1016/j.ribaf.2024.102632

Fatima Shuwaikh , Agathe Tanguy , Emmanuelle Dubocage , Othman Alolah

{"title":"Insights for sustainable business practices: Comparative impact of independent and corporate venture capital funding on financial and environmental performance","authors":"Fatima Shuwaikh , Agathe Tanguy , Emmanuelle Dubocage , Othman Alolah","doi":"10.1016/j.ribaf.2024.102632","DOIUrl":"10.1016/j.ribaf.2024.102632","url":null,"abstract":"<div><div>This study aims to analyze the effects of venture capital (VC) financing schemes on the financial and environmental performance of their VC-backed companies. This research leverages a dataset including 325 U.S. firms between 2002 and 2022 and examines two issues of interest: independent venture capital (IVC) and corporate venture capital (CVC) funding. The results show that IVC-backed companies have significantly better environmental, social, and governance (ESG) ratings and emit fewer greenhouse gases (GHG) emissions when compared to companies backed by CVC. This highlights that the function of IVC is to improve the environmental sustainability of businesses. Together this helps provide a valuable perspective about which VC models (CVC, IVC) does have an impact on how businesses pursue sustainability practices alongside financial performance. This paper contributes to the sustainable entrepreneurship literature by focusing on the importance of funding types with performing sustainable practices.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"73 ","pages":"Article 102632"},"PeriodicalIF":6.3,"publicationDate":"2024-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142535761","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0