The influence of green finance on economic growth: A COVID-19 pandemic effects on Vietnam Economy

Ngo, Thanh Quang; Doan, Phuc Ngoc; Vo, Loc Tien; Tran, Hai; Nguyen, Danh Ngoc

doi:10.1080/23311975.2021.2003008

Cited by 15 publications

(7 citation statements)

References 50 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Due to the appearance and distribution of sustainable financial instruments, stakeholders with environmental commitment and attitude have the opportunity to take advantage of green bank products and, by the guidelines and preferences of the European Union, the competitive edge their use and implementation offer (Cao et al, 2022). Further, the positive effects of green financial activities on general economic growth have also been proven, indicating its legitimacy even under recent circumstances burdened by the COVID-19 pandemic (Ngo et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

Perspectives by green financial instruments – a case study in the Hungarian banking sector during COVID-19

Boros

Lentner

Nagy

et al. 2023

Banks and Bank Systems

View full text Add to dashboard Cite

Recently, the management of the green financial sector has been widely influenced by global socio-economic concerns such as the COVID-19 pandemic and the energy crisis. The purpose of this paper is to evaluate, besides their environmental attitude, what opinions and experiences the affected stakeholders have about the sustainability-related processes in the Hungarian banking sector in the early 2020s. To assess this subject extensively, two questionnaire surveys were conducted in two consecutive years (2020/2021 and 2021/2022), involving 600 and 1,600 participants randomly chosen from banking databases, respectively. The results indicate that both residential and corporate participants have various but broadening knowledge of green financial instruments. Hungarian residential customers have pointed out the inconveniences of the most popular green loan product (Green Home Program), while there appears a distinct difference in green investment preferences between the two groups of respondents. Hungarian stakeholders are quite eco-conscious, and so are banks adopting sustainability and climate risk assessment actions, however, the implementations have much potential to exploit. Respondents also identify the energy crisis-related risks, while their trust in the banking system remains high even under volatile circumstances. These findings demonstrate that the Hungarian green banking sector has a high degree of crisis resistance with residential and corporate stakeholders behind giving trust and thereby the driving force toward the successful green transition.

show abstract

Section: Introductionmentioning

confidence: 99%

Perspectives by green financial instruments – a case study in the Hungarian banking sector during COVID-19

Boros

Lentner

Nagy

et al. 2023

Banks and Bank Systems

View full text Add to dashboard Cite

show abstract

“…For instance, Ref. [ 1 ] research examined the impact of green finance development on business activities and national economic growth in ASEAN countries from 2008 to 2019 using the indicators of central banks. The study found that green finance, including green investment, green security, and green credit, positively correlate with economic development in ASEAN countries.…”

Section: Introductionmentioning

confidence: 99%

Assessing regional economic growth through green financial policy: Insights from PSM-DID model on 107 cities of China

Hu,

Wang

2023

Heliyon

View full text Add to dashboard Cite

“…The past studies were conducted to elaborate the green issue only in a limited context, covering the data of normally ten years or by adopting the Hausman test and VAR model [19] to integrate the relationship of green management and firms' performance. The study conducted by [20,21] compares the performance level of high-performing green financing firms and low-level sustainable development firms. The studies of [20,21] describe the influence of green financing on the economic growth of Vietnam by taking the sample of sustainable development firms with the mediating effect of COVID-19's shocks.…”

Section: Introductionmentioning

confidence: 99%

“…The study conducted by [20,21] compares the performance level of high-performing green financing firms and low-level sustainable development firms. The studies of [20,21] describe the influence of green financing on the economic growth of Vietnam by taking the sample of sustainable development firms with the mediating effect of COVID-19's shocks. Ref.…”

Section: Introductionmentioning

confidence: 99%

“…(5) green social and public policies projects, with the controlling effect of (6) exchange rate and human development index on the performance of the Pakistan Stock Exchange and the New York Stock Exchange. This study uses the techniques of ARDL [20], taking the sample data for green financing and stock market capitalization of the firms listed n PSX and NYSX from 2000-2020. To prove the significance and objectives of this study, the remaining sections are structured as follows: the Methodology section (3) follows the Literature Review section (2); then there is the Data Analysis and Discussion section (4), and the Conclusion, Future Recommendations, Implications and Policy Implications, and Limitations section (5) is the last part of this green finance study, in which we compare the results and findings with the literature review and problem statement.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Financial Indicators’ Performance and Green Financing Projects: A Comparative Study from PSX and NYSX

et al. 2023

View full text Add to dashboard Cite

In Modern era, the Researchers are keenly interested in different areas of green financing projects such as green economics, green trade, green sustainable development activities, green climatic and environment quests, green investment and financial ventures, and green public policy-related topics, respectively. Owing to the lower cost of production for sustainable development, a healthy climate, and a neat environment is needed, this study is structured to build the significant relationship between various green sustainable development projects, the financial effectiveness and performance of PSX and NYSX, respectively. For this purpose, the time series data for 2000–2020 are collected from IFS, WBI, SBP, the Federal Reserve system, S&DP, and the UNDP financial reports. The empirical analysis reveals the insignificant effects of green investment, financial projects, public policies, and social green projects on the financial performance of PSX, whereas the empirical modeling also attests that all the green factors significantly affect the performance of NYSX except the green economic and trading projects and renewable energy green projects, which are insignificant predictors with respect to FIP-NYSX. Moreover, the index for human development insignificantly affects the prediction of FIP-NYSX. The mixed empirical results guide policymakers, the board of PSX and NYSX, and the management of green financing companies to reconsider their policies and objectives with respect to successful green operations and the financial performance of PSX and NYSX.

show abstract

The influence of green finance on economic growth: A COVID-19 pandemic effects on Vietnam Economy

Cited by 15 publications

References 50 publications

Perspectives by green financial instruments – a case study in the Hungarian banking sector during COVID-19

Perspectives by green financial instruments – a case study in the Hungarian banking sector during COVID-19

Assessing regional economic growth through green financial policy: Insights from PSM-DID model on 107 cities of China

Financial Indicators’ Performance and Green Financing Projects: A Comparative Study from PSX and NYSX

Contact Info

Product

Resources

About