Green financing for sustainability: analysing the trends with challenges and prospects in the context of Bangladesh

Rashid, Md. Harun Ur; Uddin, Mohammad Main

doi:10.1504/ijge.2018.097876

Cited by 21 publications

(14 citation statements)

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“…The study also identified the "economic dimension" as the most important dimension driving GF, followed by the "social" and then "environmental" dimensions. In addition, Rashid [47] examined the impact of green financing by financial and non-financial sectors on the overall economic development of Bangladesh. The investigation revealed that the growth pattern of sustainable financing of the financial sector is marginal compared to the overall credit disbursed and remains below the threshold set by the Bangladesh bank.…”

Section: Introductionmentioning

confidence: 99%

Factors Affecting the Sustainability Performance of Financial Institutions in Bangladesh: The Role of Green Finance

et al. 2021

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Despite the increasing popularity of green finance and sustainable investment in the field of Sustainable Development Goals (SDGs), very few studies have investigated the effect of green finance dimensions on the sustainable performance of banks. Therefore, this study attempts to examine the dimensions of green finance and their effects on the sustainability performance of financial institutions in developing economies such as Bangladesh. The study also depicts the level of green financing adoption among the banks and non-bank financial institutions in the country between 2015 and 2020. Considering the nature of the dataset, the structural equation modeling technique was employed in this study to fulfil the research objectives. Amongst banks and non-bank financial institutions, the study highlighted private commercial banks as being the highest contributor to green financing, accounting for 78.12% of the total green financing in Bangladesh. In addition, the empirical findings revealed that the dimensions of green finance are related to the economic, social, and environmental aspects of the SDGs. Furthermore, empirical findings indicated that the dimensions of green finance—social, economic, and environmental—have a strong positive effect on the sustainability performance of banks. The study also discovered that approximately 95% of bankers identify green financing as an essential element in the short- and long-term development of banking strategies in Bangladesh. Consequently, this study adds to the body of knowledge on green finance development and the sustainability performance of banks and financial institutions in emerging economies such as Bangladesh. Therefore, major managerial policy implications are discussed.

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Section: Introductionmentioning

confidence: 99%

Factors Affecting the Sustainability Performance of Financial Institutions in Bangladesh: The Role of Green Finance

et al. 2021

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“…Such a duty forces corporate managers to neglect other stockholders, for instance, the environment, the ecosystem, and society at large, in which the firm operates . Banks' contribution to the social and environmental cause is remarkable because of their unique position in the economy (Rashid & Uddin, 2018). Their CSR practices not only enhance their social standing but also influence the social behavior of other business entities.…”

Section: Introductionmentioning

confidence: 99%

Impact of Corporate Governance Mechanisms on Corporate Social Responsibility Disclosure of Publicly-Listed Banks in Bangladesh

Jahid¹,

Rashid²,

Hossain³

et al. 2020

JAFEB

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The study examines the impact of corporate governance mechanisms, such as board characteristics on corporate social responsibility disclosure (CSRD). The data on CSRD items and board characteristics have been collected by content analysis of the annual reports of 30 publicly-listed banks in Bangladesh covering six years, from 2013 to 2018. More specifically, the directors' report, the chairman's statement, notes to the financial statement and CSR disclosure reports included in annual reports were used to collect the CSRD data. The empirical analysis applies the ordinary least square and the generalized method of moments. The results of the study have revealed that board size, board independence, female board member, and foreign directors have a significant positive impact on CSRD. By contrast, political directors and audit committee size have a negative impact on CSRD. Interestingly, accounting experts on boards ensure more CSRD as they curb the influence of politicians on the board. Thus, it is better to increase accounting experts and decrease politicians on the board. These findings provide valuable insights into the process of forming a suitable CSR policy by connecting the efforts of the board, government, and regulatory bodies to enhance the performance of banks to CSR as well as to CSRD.

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“…To provide the empirical evidence, this study has used a survey questionnaire of 250 respondents from the manufacturing sector of Bangladesh. The reason for selecting the country is: (1) for the last couple of years, the country has extensively promoted CSR [19,34]; (2) the country is extremely vulnerable to global warming and climate risk [35], rendering CSR an instrument to mitigate these problems; (3) the manufacturing sector is considered less regulated and accountable [36]; and (4) no empirical research on the issue has so far been found to be undertaken.…”

Section: Introductionmentioning

confidence: 99%

Organizational Strategy and Corporate Social Responsibility: The Mediating Effect of Triple Bottom Line

Masud

Rashid

Khan

et al. 2019

IJERPH

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Limited research in the area of the triple bottom line (TBL) mediation effect on the relationship between organizational strategic performance (OSP) and corporate social responsibility performance (CSRP) has motivated this study. The objective of this study is to investigate how OSP affects CSRP and the mediation impact of TBL elements through the decision-making process of business management. Considering a sample of 250 employees from Bangladesh, this study used structural equation modelling (SEM) to test the relevant research hypotheses. Through the lens of stakeholder, institutional, legitimacy and resource-based view theories along with rigorous statistical techniques, this study has found that OSP is positively related to CSRP. In terms of the mediation effect, this study has found that economic responsibility has no intervening role while environmental and social responsibility significantly mediated the relationship between OSP and CSRP. Finally, the full mediation power of the model suggests that OSP affects a firm’s strategic decision and CSR outcomes directly as well as indirectly through TBL.

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Green financing for sustainability: analysing the trends with challenges and prospects in the context of Bangladesh

Cited by 21 publications

References 0 publications

Factors Affecting the Sustainability Performance of Financial Institutions in Bangladesh: The Role of Green Finance

Factors Affecting the Sustainability Performance of Financial Institutions in Bangladesh: The Role of Green Finance

Impact of Corporate Governance Mechanisms on Corporate Social Responsibility Disclosure of Publicly-Listed Banks in Bangladesh

Organizational Strategy and Corporate Social Responsibility: The Mediating Effect of Triple Bottom Line

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