Does financial inclusion spur carbon emissions in India: an ARDL approach

Singh, Anurag Bhadur; Tandon, Priyanka; Jasuja, Deepmala

doi:10.1108/meq-04-2022-0102

Cited by 9 publications

(5 citation statements)

References 91 publications

(145 reference statements)

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“…They reveal that financial inclusion brings about higher CO 2 emissions. Singh et al (2022) indicate that financial inclusion increased CO 2 emissions in India from 2008 to 2018. Similarly, Tian and Li (2022) argue that financial inclusion significantly and positively influences CO 2 emissions using a sample of G20 economies from 2005 to 2018.…”

Section: Financial Inclusion and Co 2 Emissionsmentioning

confidence: 99%

Achieving Carbon-Neutrality in MENA Countries: Does Financial Inclusion Matter?

Said,

Acheampong

2024

The Journal of Environment & Development

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This study examines the relationship between financial inclusion, renewable energy, and CO2 emissions using data from 11 Middle East and North Africa (MENA) countries from 2004 to 2019. Evidence from fixed effects-ordinary least squares (FE-OLS), dynamic ordinary least squares (DOLS), fully modified ordinary least squares (FMOLS), and canonical correlation regression (CRR) showed that financial inclusion contributes significantly to decarbonization. Country-specific analysis indicated that financial inclusion is associated with mitigating CO2 emissions in Egypt, Israel, Qatar, and Tunisia while significantly spurring CO2 emissions in Algeria, Lebanon, and Saudi Arabia. In addition, renewable energy contributes significantly to decarbonization in MENA, especially in Algeria, Lebanon, Tunisia, and Turkey. We recommend that policies promoting financial inclusion and renewable energy usage would contribute to the attainment of the carbon-neutrality goal by MENA countries.

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Section: Financial Inclusion and Co 2 Emissionsmentioning

confidence: 99%

Achieving Carbon-Neutrality in MENA Countries: Does Financial Inclusion Matter?

Said,

Acheampong

2024

The Journal of Environment & Development

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“…Therefore, microcredit plays a very vital role to achieve financial inclusion. Financial inclusion and financial literacy are vital for achieving financial sustainability (Rastogi and Kumar, 2021;Singh and Tandon, 2012). A solid foundation of financial literacy can contribute to sustainability by supporting diverse life goals such as saving for school or retirement, managing debt responsibly, and running a business.…”

Section: Financial Inclusion and Sustainabilitymentioning

confidence: 99%

Microcredit Clients’ Financial Literacy Towards Financial Inclusion and Sustainability

Rahim,

Tanggamani,

Bani

et al. 2024

IMBR

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According to the recent Malaysian MADANI Budget 2023 which has been declared by Prime Minister, it is notable that 7 billion was allocated to help micro-entrepreneurs, women and youth. Therefore, it is crucial to ensure that the clients have appropriate financial literacy to ensure that the loans can be repaid accordingly. For microcredit clients to have this ability, they should have sound financial literacy to be able to manage their money, make wise decisions, and maintain vigorous spending. Thus, to promote sustainable financial sustainability, the objective of this study is to assess the level of microcredit financial literacy of microcredit clients in enhancing their knowledge, skills and transparency that can lead to financial sustainability. Further, it will also test empirically whether microcredit financial literacy can integrate the cognitive comprehension of financial knowledge, skills and responsibility with respect to financial sustainability. This study will use an exploratory sequential mixed-method research design that combines quantitative (questionnaires) and qualitative (interviews) data. The data-gathering method then continues with concentrated group interviews on selected microcredit clients. This covers clients from TEKUN Nasional Melaka to deliberate on related problems. Data analysis in qualitative research focuses on the systematic search and arrangement of interview transcripts. Interviews are necessary to gain a thorough understanding of issues with financial knowledge and skills among clients. It is expected that the study will benefit the policy maker, microcredit clients and the government in enhancing financial inclusion and sustainability. Thus, the government's slogan "Developing Malaysia MADANI" can be achieved.

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“…This extensive financial depth can be largely attributed to its vast array of financial institutions, especially those tailored to serve rural clientele [30]. Nevertheless, there is a pressing need to enhance financial inclusion for India's impoverished population, as the majority of who reside in rural regions [31][32].…”

Section: Literature Reviewmentioning

confidence: 99%

Navigating the Cascading Ripples: A Study on the Interplay between the COVID-19 Recession and the Financial Fortunes of Micro Finance Institutions (MFIs)

K.,

Aithal

2024

IJAEML

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Purpose: The success of Micro Finance Institutions (MFIs) hinges on effective decision-making amidst challenging economic circumstances, necessitating the ability to anticipate and navigate future business conditions. This research aims to explore the relationship between financial performance and the COVID-19 pandemic's impact on MFIs listed on the National Stock Exchange (NSE) in India. By analyzing financial data and employing statistical techniques, the study seeks to elucidate the resilience of MFIs during the pandemic and the role of financial ratios in predicting earnings per share (EPS). Additionally, the research aims to contribute to a deeper understanding of the interplay between financial indicators and organizational outcomes within the microfinance sector. Design/Methodology/Approach: This research adopts a quantitative approach, utilizing secondary data obtained from quarterly financial reports of selected MFIs listed on the NSE from 2018 to 2022. Statistical analyses such as paired t-tests, correlation, and regression are employed to assess the impact of the COVID-19 pandemic recession on MFIs' profitability and to investigate the relationship between financial ratios and earnings per share (EPS). Findings/Result: Despite the COVID-19 pandemic recession, the profitability of Indian Micro Finance Institutions (MFIs) remained largely unaffected, as indicated by non-significant differences in earnings before interest and taxes (EBIT) before and after the pandemic. Regression analysis highlighted significant influences of financial ratios like the current ratio, total asset ratio, net profit ratio, and gross profit ratio on earnings per share (EPS), underscoring the sector's resilience and the importance of financial analysis in predicting MFI performance. Originality/Value: This research offers novel insights into the resilience of Indian Micro Finance Institutions (MFIs) during the COVID-19 pandemic and underscores the significance of financial analysis in guiding strategic decision-making processes within the microfinance sector. Paper Type: Empirical Research.

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Does financial inclusion spur carbon emissions in India: an ARDL approach

Cited by 9 publications

References 91 publications

Achieving Carbon-Neutrality in MENA Countries: Does Financial Inclusion Matter?

Achieving Carbon-Neutrality in MENA Countries: Does Financial Inclusion Matter?

Microcredit Clients’ Financial Literacy Towards Financial Inclusion and Sustainability

Navigating the Cascading Ripples: A Study on the Interplay between the COVID-19 Recession and the Financial Fortunes of Micro Finance Institutions (MFIs)

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