Fostering green investments and tackling climate-related financial risks: Which role for macroprudential policies?

D’Orazio, Paola; Popoyan, Lilit

doi:10.1016/j.ecolecon.2019.01.029

Cited by 207 publications

(85 citation statements)

References 76 publications

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“…Attaining the global environmental goal requires financial institutions, such as banks, to show greater commitment to green investments [63]. However, achieving this goal is considered to have been hindered by the insufficiency of 'green financing' [64,65]. Developing and implementing policies that support green credit, and providing subsidies for the production of renewable energy could be considered as an important step banks could use to improve green financing [65].…”

Section: Green Banking Effectmentioning

confidence: 99%

Assessing the Relevance of Green Banking Practice on Bank Loyalty: The Mediating Effect of Green Image and Bank Trust

et al. 2019

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Studies that examine green banking practice from the relationship marketing perspective are limited. Bearing in mind the importance of loyalty to managers in the banking industry, and the increase in the call for greater sustainability performance from banking firms by customers, our study explore customers’ perception on green banking practice and its effect on bank loyalty. It also investigates the mediating effect of green image and bank trust in the relationship between green banking practice and bank loyalty. Through a quantitative survey, data for this study was adopted from 551 customers of the retail banking sector in North Cyprus. The structural equation modeling technique was used to test the relationship between the study variables. Results from the structural equation modeling analysis conducted indicated a direct and significant influence of green banking practice on green image, bank trust, and bank loyalty. Green image significantly affects bank trust and bank loyalty. No significant relationship exist between bank trust and bank loyalty. Green image mediates the relationship between green banking practice and bank loyalty, while bank trust does not mediate the relationship between green banking practice and bank loyalty.

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Section: Green Banking Effectmentioning

confidence: 99%

Assessing the Relevance of Green Banking Practice on Bank Loyalty: The Mediating Effect of Green Image and Bank Trust

et al. 2019

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“…The data presented in this article have been used in Ref. [3] to perform a state-of-the-art analysis of the adoption of green regulations and prudential instruments and in Ref. [4] to analyze the state-of-the-art green macroprudential architecture and understand the factors that underlie the choice of particular institutional setups at the country level.…”

Section: Datamentioning

confidence: 99%

“…The collected information has been used to build the dataset. Data source location The data were analyzed at the Scuola Superiore Sant’Anna (Pisa, Italy) and Ruhr University Bochum (Bochum, Germany) Data accessibility https://doi.org/10.17632/9s5pt9dddn.1 Related research articles D'Orazio, P. and Popoyan, L. ( 2019 ) Fostering green investments and tackling climate-related financial risks: Which role for macroprudential policies?, Ecological Economics, Volume 160, June 2019 , Pages 25–37 [3] D'Orazio, P. and Popoyan, L. ( 2019 ) Central banks and green prudential regulation: State-of-the-art, challenges and perspectives , Working Paper. [4] …”

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confidence: 99%

Dataset on green macroprudential regulations and instruments: Objectives, implementation and geographical diffusion

D’Orazio

Popoyan

2019

Data in Brief

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The dataset presented in this article contains the data gathered when surveying existing “green” macroprudential regulations and instruments. Official central banks’ documents and acts, as well as financial institutions reports, have been considered. In particular, for the selected OECD and non-OECD countries, the dataset contains information on the type of institutional governance, the mandate, the type of green regulation, the institution responsible for its implementation or promotion, the official reference and the related link to the document, as of February 2019. The dataset is made publicly available considering the actively evolving debate about the adoption of green prudential requirements and the implementation of green prudential instruments.

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“…The problem of risks of the realization of large scale investment projects as a tool of the infrastructural development of territories (such as, for instance, La Manche tunnel, Øresund Bridge between Denmark and Sweden, Vasco da Gama bridge in Portugal and others) was thoroughly studied in the works of the scientists: (Achten et al, 2019;Bayrak, 2018;Bogoviz & Sergi, 2018;Brazill-Boast et al, 2018;Fragkos& Kouvaritakis, 2018;Genoud, 2018;Moreda, 2018;Morozova et al, 2018;Osabuohien et al, 2019;Popkova, 2019); Sergi et al, 2019;Zheng et al, 2019). The problems of risks identification, practical aspects of their realization in historic and current territorial megaprojects and methodological aspects of the assessment and leveling of the risks at different stages of the life cycle of a large scale investment project were studied in the works of the scientists: (Bi & Cai, 2019); Bo et al, 2019;Clark, 2019;Díaz et al, 2019;D'Orazio & Popoyan, 2019;Huang, 2019;Huber & Huber, 2019;Wan et al, 2019;Zhang & Chen, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

The Influence of Universal and Specific Risks on Quality Management During Implementation of Large-Scale Russian Investment Projects in the Conditions of Uncertainty

Mitrofanova¹

2019

IJQR

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The aim of the article is to display the identification features of current territorial megaprojects as a relevant tool of the state strategic management and to reveal a number of specific risks, accompanying quality management in the processes of the development and the realization of large investment projects. As a rule a megaproject is connected with a long term prospect that intensifies its probabilistic character and provokes one or another risk: macroeconomic, political, geographical, engineering, technical, financial, commercial, organizational and legal, tariff, taxation one and others. Special attention is paid by the authors of the article to such types of the risks as a risk of competence and a corruption risk. Using the example of current Russian megaprojects such as, for instance, "Ural Industrial-Ural Polar", construction of the Olympic objects in the city of Sochi, it was shown that these risks became the reason for the rebranding of the megaproject or they lead to a considerable increase of the fact costs in comparison with the planned ones. The authors are convinced that the display of possible corruption risks at the pre project stage, taking into account of reputation risks and the elimination of risks of low competence are an important task implying the reduction of the uncertainty of the final effect from the realization of the territorial integrated megaproject.

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Fostering green investments and tackling climate-related financial risks: Which role for macroprudential policies?

Cited by 207 publications

References 76 publications

Assessing the Relevance of Green Banking Practice on Bank Loyalty: The Mediating Effect of Green Image and Bank Trust

Assessing the Relevance of Green Banking Practice on Bank Loyalty: The Mediating Effect of Green Image and Bank Trust

Dataset on green macroprudential regulations and instruments: Objectives, implementation and geographical diffusion

The Influence of Universal and Specific Risks on Quality Management During Implementation of Large-Scale Russian Investment Projects in the Conditions of Uncertainty

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