Cofinancing in Environment and Development: Evidence from the Global Environment Facility

Kotchen, Matthew J.; Negi, Neeraj Kumar

doi:10.1093/wber/lhw048

Cited by 8 publications

(5 citation statements)

References 19 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…We took years 2008 and 2009 as crisis years (based on [97][98][99]) and introduced a dummy to compare this period with others. Then, we interacted the dummy representing the crisis period with responsibility in the financial performance equations as well as with financial performance in the equations determining the responsibility scores [15][16][17][18][19][20][21][22][23][24]. Thus, the first equation was as follows:…”

Section: Methodsmentioning

confidence: 99%

“…Then, investments in CSR contribute to better relations with a firm's stakeholders and ultimately lead to increased financial performance [43]. Lins et al [24] argue that CSR activities especially help build social capital and trust (see also [19,20]).…”

Section: Corporate Social Responsibility and Financial Performancementioning

confidence: 99%

“…Dixit [19] argues that a responsible business community can mitigate the impact of poor institutions and reduce corruption. Kotchen and Negi [20] study the Global Environment Facility and find that greater co-financing can be associated with better project evaluations. However, Cull et al [21] report that the social and economic impacts of microfinance are only modest and that it involves substantial subsidies.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Responsibility and Performance Relationship in the Banking Industry

Gönenç

Scholtens

2019

Sustainability

View full text Add to dashboard Cite

We study the relationship between financial performance and responsibility in the banking industry. Given the wide diversity in business models and operations, this relationship needs to be studied at the level of specific industries. We contribute to the debate about financial and social performance in the banking industry by using highly detailed responsibility and financial performance information, which helps to understand why this relationship exists and how the relationship evolves over time. We rely on a diverse international sample for the period 2002–2015 and use a wide range of financial performance measures next to various specific indicators for corporate governance, environmental, and social performance. By using simultaneous equation system estimations to address the causality between financial performance and responsibility, we find that the Tier-1 capital adequacy ratio is significantly and positively associated with responsibility indicators. As such, stronger institutions appear to be able to act in a more responsible manner and such responsibility signals banks’ health. We also establish that the global financial crisis did have a profound impact on the finance-responsibility nexus. We show that there are changes in the underlying relationships in this nexus during the post-crisis period compared to the pre-crisis period. Furthermore, such changes are different between countries with high and low income, civil and common law, single and multiple supervision authorities, and central bank and non-central bank supervision.

show abstract

Section: Methodsmentioning

confidence: 99%

Section: Corporate Social Responsibility and Financial Performancementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Responsibility and Performance Relationship in the Banking Industry

Gönenç

Scholtens

2019

Sustainability

View full text Add to dashboard Cite

show abstract

“…Winters (2019) finds that co-financed aid projects are beset by project delays and increased transaction costs due to too many actors exerting influence over the design and implementation of the projects. Kotchen and Negi (2019) suggest that while co-financed aid projects show improved evaluation outcomes, this is not the case if private sector actors are charged with oversight of the project. The pilot analysis here of co-financed aid will help to resolve these conflicting findings in the literature.…”

Section: Aid Targeting and Co-financingmentioning

confidence: 99%

“…What explains the lack of a positive relationship between co-financing and aid targeting? One reason for the lack of a positive relationship could stem from the types of aid projects that receive co-financing, namely larger infrastructure projects, as suggested by Kotchen and Negi (2019). The types of projects that target poverty reduction, such as social and local development projects, tend to have lower financial requirements and thus are less dependent on co-financing.…”

Section: Does Co-financing Improve Aid Targeting?mentioning

confidence: 99%

‘The Swarm Principle’: A Sub-National Spatial Analysis of Aid Targeting and Donor Coordination in Sub-Saharan Africa

Marineau

Findley

2020

Stability: International Journal of Security and Development

View full text Add to dashboard Cite

Do bilateral and multilateral foreign aid donors target poverty? To answer that question, we present a framework for assessing the quality of aid targeting subnationally. If donors cluster aid in areas with concentrated poverty, or spread out aid in areas of diffuse poverty, then we conclude that donors are targeting aid well. Furthermore, because co-financing may be a mechanism that improves coordination and information-sharing among donors, we examine whether the frequency of donor co-financing increases the quality of aid targeting. Recently released sub-national georeferenced foreign aid data for all bilateral and multilateral donors are available in five sub-Saharan African countries, making it possible to map the placement of foreign aid along with sub-national poverty levels. Results indicate that foreign donors target poverty in some countries but not others, and higher co-financing is associated with lower quality targeting across all cases.

show abstract