Assessment of sustainable green financial environment: the underlying structure of monetary seismic aftershocks of the COVID-19 pandemic

Abstract

The study aims to assess a sustainable green financial environment by exploring the underlying structure of monetary seismic aftershocks of the COVID-19 pandemic. This study is qualitative and uses a review of literature, primary data collection methods, and qualitative analysis techniques as the study’s overall design. The data is collected by one-to-one interview using a matrix style questionnaire from a panel of experts based on the purposive sampling technique. Interpretive structural modeling (ISM) combined with Matrices’ Impacts Cruise’s Multiplication Appliquée a UN Classement (MICMAC) is used for assessment, modeling, and analysis of data. The monetary aftershocks, namely, “more cash in hand required,” “decreased travel costs,” “shift to more certain or fixed revenue streams,” “lower rent costs,” “more zealous monitoring of cash collection cycle,” and “decreased entertainment costs,” occupy level I (top of the model being least critical shocks), and “tedious regulations” occupy level VIII (bottom of the model being the most vital) . Other aftershocks form the middle of the model being moderate critical. Analysis of MICMAC shows that monetary seismic aftershocks high fees for assistance regarding SOPs, tedious regulations, and more downtime due to pandemic alerts are independent. This study addresses the core issue from within the aftermath of the COVID-19 pandemic. It provides new important information regarding the structure of a sustainable green financial environment that is useful for economists, financial analysts, commercial and central bankers, accountants and finance managers from the organization’s public/and private sectors, local and international community, and researchers of the domain. It provides an informative structural model and classification of critical aftershocks. There are specific data/methodological/resource-related limitations of the study. The study’s data are collected from a focus group; the study’s methodology is qualitative and indicates relations among variables that do not quantify the associations. The study is a typical initiative of academic researchers with limited financial/physical resources; therefore, the generalizability of the study results is accordingly limited. The study is based on original, essential data and innovatively and creatively approaches the problem. It provides a unique model of an unprecedented phenomenon for reverberating the sustainable green financial environment.

Examining the convergence of dominant themes related to social entrepreneurship, NGOs and globalization–A systematic literature review

“…0.40 is the number of documents per author, whereas 2.50 is the value of authors per document. Specifically, MS Excel was used for bibliographic analysis [ 34 ]. Fig 2 depicts the number of articles every year that converge on SE, NGOs, and globalization.…”

“…Globalization has enhanced the visibility and effect of non-governmental organizations (NGOs), but it has also introduced new problems, such as the need to compete for financing and recognition in a congested global marketplace [ 32 , 33 ]. As the globe becomes increasingly inter-connected, non-governmental organizations (NGOs) will continue to play an important role in global governance, and will be well positioned to capitalize on the possibilities and difficulties of globalization to accomplish their objectives [ 34 , 35 ]. Socially entrepreneurial behavior and, more importantly, social innovation—new approaches to social problems, resourcefulness, a larger scale and wider impact, and transferable, scalable, and cost-effective solutions—are important future directions for all types of non-governmental organizations (NGOs), including those whose primary mission is empowerment and social justice [ 36 ].…”

Does ESG always improve corporate performance? Evidence from firm life cycle perspective

“…Higher ESGP would lead to lower both corporate equity financing costs (El Ghoul et al, 2011) and debt financing cost (Raimo et al, 2021). Due to the environmental protection and green financial concept, banks are more inclined to issue loans to corporates that disclose CSR information (Xu et al, 2021;Fu et al, 2022), the quality of non-financial information disclosed by corporates is positively correlated with the actual value of corporates. Also, considering the legitimacy of corporates (Hong and Kacperczyk, 2009), especially in European and American capital markets, institutional investors are keener to invest in companies with better CSR performance (Graves and Waddock, 1994;Mahoney and Roberts, 2007).…”

Till debt does us apart: Cross-country evidence on the relationship between microfinance prevalence and social distrust

“…For example, the variance of the incremental sample for every new wave may be correlated with some 'type' of countries added, which may affect overall variance. Another potential channel affecting variance across cross-sections may be shocks, such as Covid [65][66][67][68][69][70] in Wave 7, in which a tighter distribution of distrust is likely. The priors show microfinance intensity to be associated with distrust in poor as well as the ultra-poor according to all 3 measures of microfinance intensity.…”