Exploring the time-varying asymmetric effects of environmental regulation policies and human capital on sustainable development efficiency: A province level evidence from China

Chishti, Muhammad Zubair; Arfaoui, Nadia; Cheong, Calvin W. H.

doi:10.1016/j.eneco.2023.106922

Cited by 18 publications

(2 citation statements)

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“…where SO, MO, IO and FO represent state ownership, managerial ownership, institutional ownership and foreign ownership, respectively, and BS and CR are control variables for bank size and credit risk, respectively. Panel regression model was appropriate for this study due to its powerful way to control dependencies of unobserved predictor variables on the outcome variable, which may result in biased estimators in traditional linear regression models (Chishti et al (2023).…”

Section: Econometric Modelmentioning

confidence: 99%

Effect of banks’ ownership structure on financial performance: evidence from banks in an emerging market

Kirimi

2024

MBE

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Purpose This study aims to examine the effect of ownership structure on financial performance of commercial banks in Kenya. Design/methodology/approach The data were collected from audited financial statements of 39 commercial banks in Kenya for the period 2009–2020. Findings Regression results found evidence of ownership structure explaining commercial banks’ financial performance. The results found a negative association between state ownership and net interest margin, a negative association between management ownership and net interest margin and a negative association between institutional ownership and return on assets. Practical implications Based on the findings, commercial bank management should therefore devise ownership structure policies that are geared toward boosting their financial performance both in the short run and the long run. Second, this study recommends a minority shareholding of the state in commercial banks to deter political interference, protect investors’ wealth from erosion and allow the majority shareholders to adopt a strong corporate governance mechanism for higher financial performance. Banks with a high percentage of state ownership should consider partial privatization to improve corporate governance practices. Third, banks should adopt a managerial ownership policy limiting the proportion of equity stock held by executives to limit their powers in strategic decision-making. Fourth, this study proposes a percentage limit on the equity stock of an institutional investor to eliminate bureaucracy in strategic decision-making and protect investors’ wealth. Originality/value The study finding is meant to inform regulation and operation policies in the banking sector and contribute to the literature on ownership structure, especially in the banking sector.

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Section: Econometric Modelmentioning

confidence: 99%

Effect of banks’ ownership structure on financial performance: evidence from banks in an emerging market

Kirimi

2024

MBE

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“…The rise in health expenditures is intricately linked to improvements in the Human Development Index, yet it is also influenced by the escalating challenges posed by climate change on public health. In fact, in an extended approach, human capital has favorable effects on the efficiency of sustainable development, as evidenced by the instrumented study of the provinces of China between 1998 and 2017 (Chishti et al, 2023a). Human development, measured through indicators like education, income, and life expectancy, significantly influences health spending.…”

Section: The Connection Between Control Variables and Government Heal...mentioning

confidence: 99%

Does climate change drive up government healthcare costs in the European Union?

Socol,

Iuga,

Socol

et al. 2023

Front. Environ. Sci.

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The continuous growth in average temperature around the world, caused especially by CO2 emissions, generates climate changes significantly impacts not only economic or social domains, but also human health. The previous literature provides evidence of degradation of human health due to climate change and emphasizes pressure on governments to increase government spending on health. The aim of this study is to analyze the impact of climate change, expressed by temperature and CO2 emissions, on healthcare spending in the European Union member states using available data from 2000 to 2020. In addition to prior research, this paper incorporates supplementary control variables such as governance, macroeconomic factors (GDP and inflation) and human development index. To capture the dynamic impact of climate change on healthcare expenditure, we use the Generalized Method of Moments (GMM) technique and the panel VAR Granger causality method. Empirical findings suggest that an increase in temperature and CO2 emissions levels, along with improvements in governance, economic growth, inflation, and human development, contribute to higher healthcare expenditures. Rising temperature and CO2 emissions are directly increasing the health burden on individuals’ health and force governments to enhance health spending. The paper is notable for its comprehensive approach, filling a significant gap in existing literature by combining climate change variables with governance, economic and human development indicators. The study provides policymakers with valuable insights into how climate change and other governance, economic and human factors impact healthcare spending. Global warming appears as a topic directly correlated with the governmental health spending burden and highlights the need for government involvement in mitigating global warming, reducing pollution and gas emissions.

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The impact of urbanisation on green total factor productivity: Exploring threshold and mediating effects of human capital

Wang,

Salman,

Zhang

2024

Health Planning & Management

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Green development is main direction of high‐quality economic development in China. Urbanisation and human capital (HC) are important factors affecting green development. This study examines effects of urbanisation and HC on green total factor productivity (GTFP) using least squares dummy variable model, based on provincial data in China from 2001 to 2019. This study then explored impact of urbanisation on GTFP through HC (educated HC, healthy HC, and HC structure), adopting mediating effect and threshold effect model. The results showed that urbanisation and three types of HC promote GTFP in China and coastal region. In inland region, urbanisation has insignificant impact on GTFP, while educated HC and HC structure improve it. The mediating analysis revealed that educated and healthy HC in China and coastal region enhance promotion effect of urbanisation on GTFP, whereas HC structure hinders it. In inland region, only healthy HC stimulates promotion effect of urbanisation on GTFP. Considering threshold effect of educated and healthy HC, promotion effect of urbanisation on GTFP is weaker than threshold value; but effect is stronger above threshold value. The promotion effect of urbanisation on GTFP is stronger when value of HC structure is below the threshold, while effect is weakened as value exceeds threshold value. Policy implications are documented to promote urbanisation in a differentiated manner, increase investment in HC, and strengthen coordination between urbanisation and HC.

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Exploring the time-varying asymmetric effects of environmental regulation policies and human capital on sustainable development efficiency: A province level evidence from China

Cited by 18 publications

References 100 publications

Effect of banks’ ownership structure on financial performance: evidence from banks in an emerging market

Effect of banks’ ownership structure on financial performance: evidence from banks in an emerging market

Does climate change drive up government healthcare costs in the European Union?

The impact of urbanisation on green total factor productivity: Exploring threshold and mediating effects of human capital

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