Catching up with sustainable development in emerging markets through financial innovation

Panait, Mirela; Hysa, Eglantina; Raimi, Lukman

doi:10.1016/b978-0-12-819513-0.00003-2

Cited by 4 publications

(3 citation statements)

References 36 publications

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“…Balancing financial innovation with sustainable practices and consumer-centric strategies becomes paramount in navigating these challenges and ensuring a holistic approach to business growth. Additionally, the dynamic nature of the financial market, as emphasized by (Panait et al 2023), calls for constant adaptation and improvement. According to (Lulaj 2023), achieving sustainable business profits through customer-centric strategies depends on several key factors, including the behavior of employees and staff, expedited processing of inquiries, pre-and post-purchase business support, and the provision of comprehensive information through applications such as discounts, product usage guidelines, expiration dates, product content details, available payment methods, as well as transportation services provided by the company to consumers.…”

Section: Discussionmentioning

confidence: 99%

Synergizing Sustainability and Financial Prosperity: Unraveling the Structure of Business Profit Growth through Consumer-Centric Strategies—The Cases of Kosovo and Albania

Lulaj,

Dragusha,

Hysa

et al. 2024

IJFS

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This research investigates the synergistic relationship between sustainability and financial prosperity in businesses, specifically focusing on the impact of consumers on profit growth in Kosovo and Albania. The study aims to understand consumers’ perceptions of their purchases, the factors influencing their choice of businesses, and the types of businesses that effectively support consumers in these countries. Data were collected through a survey completed by 200 consumers and 200 businesses. The analysis, utilizing multivariate analysis of variance, descriptive analysis, and reliability analysis with SPSS, reveals that consumers significantly influence the sustainability of business profit growth. Moving forward, it is recommended that businesses prioritize offering reasonable prices, quality products/services, easy access to products/services, clear information about products/services, and convenient locations. The research has profound implications for businesses, consumers, and countries and suggests the need for further exploration of the impact of consumers on profit growth in diverse contexts.

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Section: Discussionmentioning

confidence: 99%

Synergizing Sustainability and Financial Prosperity: Unraveling the Structure of Business Profit Growth through Consumer-Centric Strategies—The Cases of Kosovo and Albania

Lulaj,

Dragusha,

Hysa

et al. 2024

IJFS

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“…In other words, the digital transformation of the banking sector if is implemented in simplistic manner increases the inequalities, jeopardize the cohesion. The e-banking is a new digital sector complement by the ''classical banking system'' and it must be integrated and developed under the innovative and sustainable banking paradigm (Panait et al, 2023).…”

Section: Discussionmentioning

confidence: 99%

E-Banking Convergence and the Adopter’s Behavior Changing Across EU Countries

Grigorescu,

Oprisan,

Lincaru

et al. 2023

SAGE Open

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The concepts of internet banking and mobile banking have led to changes in people’s financial behavior in terms of earning, consuming, and saving. This new concept, which entered the market quite recently, was used at the beginning of the new digital technology in various types of activities, banking operations, and nowadays these services are used by all people who want to save through banks or create new sources of income, as well as to make quick currency exchanges without going to credit institutions. The main purpose of this paper is to analyze people’s behavior toward new digital technologies, e-banking adoption, and non-banking financial institutions internet services. The objectives pursued are: whether e-banking users are homogeneous in their characteristics in the EU 27 and which users have the most convergent or divergent behavior in the EU 27. Statistical data taken from Eurostat 2023 was used for the Sigma convergence analysis, the time series taken into consideration being from 2004 to 2022. The results showed that the changes in the procedural-fiscal-financial sphere are the ones that fully reflect the two principles underlying the tax evolution: digitization and simplification. These results confirm that people are adopting the new digital technology and change their behavior from consumer to prosumer. The study shows that all most categories adopted e-banking using new digital technologies when it comes to consumption and saving, with few exceptions that should be carefully supported.

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“…Prior researchers have extensively studied the relationships between firm governance structures and environmental, social, and governance disclosures based on stakeholders, legitimacy, and agency theories (García‐Sánchez et al, 2022; Jain & Jamali, 2016; Jamali et al, 2008; Ntim & Soobaroyen, 2013; Tran et al, 2021; Zaman et al, 2022). First, the stakeholder theory researchers suggested that firms should initiate socially responsible actions and fulfill the demands of various stakeholders by not sacrificing the firms' objectives of increasing shareholder wealth (Apostu et al, 2023; Carroll, 1999; Donaldson & Preston, 1995; Einig, 2022; Panait et al, 2023; Valentinov & Chia, 2022). Specifically, based on stakeholder theory, several researchers determined that firms disclose provides more sustainability information to stakeholders when they have strong firm governance structures which include larger board size (Godos‐Díez et al, 2018; Masud et al, 2018; Pucheta‐Martínez & Gallego‐Álvarez, 2019), independent directors (Masud et al, 2018), regular and ongoing board meetings (Godos‐Díez et al, 2018), and directors who have foreign experience (Cuadrado Ballesteros et al, 2015), and an inclusion of female directors (Liao et al, 2015).…”

Section: Literature Reviewmentioning

confidence: 99%

Firm governance structures, earnings management, and carbon emission disclosures in Chinese high‐polluting firms

Abbas,

Zhang,

Bilal

et al. 2023

Business Ethics Env & Resp

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This study examines the influence of firm governance structures (board size, independence, CEO duality, director share ownership, and board meeting frequency) in relation to carbon emission disclosures by high‐polluting Chinses firms. In addition, the study further examined the moderating role of earnings management on this relationship. In line with stakeholder and agency theories, our study identified that the large and independent boards exercise and demonstrate a higher degree of carbon emission disclosures. However, CEO duality and director share ownership are associated with lower carbon emission disclosures. In addition, the study determined that higher earnings management results in a reduced level of carbon emission disclosures. Lastly, a firm earnings management strategy moderates the relationship between a firm governance structure and its carbon emission disclosures. The findings from the study are consistent with multiple econometric models and variables. The findings from the study contribute to the literature in the areas of firm corporate governance and carbon emission disclosures by documenting the moderating role of earnings management, which is not evident in previous studies; provide an enhanced perspective on the implications for firms, regulators, policymakers, and stakeholders who have an interest in reducing carbon emissions and advancing climate change mitigation goals in line with UN's Sustainable Development Goal (SDG) 7: climate action, and zero emissions goal by 2050.

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Catching up with sustainable development in emerging markets through financial innovation

Cited by 4 publications

References 36 publications

Synergizing Sustainability and Financial Prosperity: Unraveling the Structure of Business Profit Growth through Consumer-Centric Strategies—The Cases of Kosovo and Albania

Synergizing Sustainability and Financial Prosperity: Unraveling the Structure of Business Profit Growth through Consumer-Centric Strategies—The Cases of Kosovo and Albania

E-Banking Convergence and the Adopter’s Behavior Changing Across EU Countries

Firm governance structures, earnings management, and carbon emission disclosures in Chinese high‐polluting firms

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