Template-Type: ReDIF-Article 1.0 Author-Name: Varda Sardana Author-X-Name-First: Varda Author-X-Name-Last: Sardana Author-Name: Shubham Singhania Author-X-Name-First: Shubham Author-X-Name-Last: Singhania Author-Name: Amiya Kumar Mohapatra Author-X-Name-First: Amiya Kumar Author-X-Name-Last: Mohapatra Author-Name: Deepankar Chakrabarti Author-X-Name-First: Deepankar Author-X-Name-Last: Chakrabarti Title: The hidden costs of deposit insurance: evidence from India's cross-subsidisation model Abstract: This paper highlights the issue of cross-subsidisation prevalent under the explicit system of deposit insurance adopted by countries. Through a case study of India, this paper underlines how the provision of deposit insurance coverage to heterogeneous categories of banks, under the same insurer, can lead to subsidies flowing from the higher efficiency bank groups to the lower efficiency ones. The study compares the costs and benefits of deposit insurance for the two bank groups in India, using regression analysis over 25 years, from 1996-1997 to 2020-2021. The results support the presence of cross-subsidisation between commercial and cooperative bank groups. Bank regulatory modifications, such as the adoption of risk-based premium, determination of premium based on actual insured deposits, and setting up separate deposit insurers for heterogeneous bank groups can be considered for minimising the negative implications of such unwarranted subsidies, thereby ensuring banking stability as well as sustainability. Journal: Int. J. of Sustainable Economy Pages: 361-381 Issue: 3 Volume: 16 Year: 2024 Keywords: deposit insurance; cross subsidisation; Indian banking; commercial and cooperative banks; bank sustainability; banking regulation. File-URL: http://www.inderscience.com/link.php?id=139521 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijsuse:v:16:y:2024:i:3:p:361-381 Template-Type: ReDIF-Article 1.0 Author-Name: Isiaka Akande Raifu Author-X-Name-First: Isiaka Akande Author-X-Name-Last: Raifu Author-Name: Ajibola Fatima Oladejo Author-X-Name-First: Ajibola Fatima Author-X-Name-Last: Oladejo Title: The role of institutional quality in the nexus between agricultural expenditure and agricultural production in Nigeria Abstract: This study examines the moderating role of institutional quality in agricultural expenditure and agricultural output nexus in Nigeria during the period between 1984 and 2018. We compute the institutional quality index from five governance indicators which include government stability, democratic accountability, control of corruption, bureaucratic quality and law and order using principal component analysis. The main analysis is carried out using the autoregressive distributed lag method. The results show that agricultural expenditure positively and significantly impacts agricultural output in the long run. Institutional quality has a positive effect on agricultural output only in the short run. However, we do not find evidence that institutional quality moderates the agricultural expenditure-agricultural output nexus. While the government must ensure consistent support for agricultural production, strengthening the institutional apparatuses must be given priority to guarantee sustainable agricultural production. Journal: Int. J. of Sustainable Economy Pages: 265-286 Issue: 3 Volume: 16 Year: 2024 Keywords: agricultural expenditure; agricultural sector output; institutional quality; ARDL; Nigeria. File-URL: http://www.inderscience.com/link.php?id=139526 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijsuse:v:16:y:2024:i:3:p:265-286 Template-Type: ReDIF-Article 1.0 Author-Name: Dhyani Mehta Author-X-Name-First: Dhyani Author-X-Name-Last: Mehta Author-Name: Nikunj Patel Author-X-Name-First: Nikunj Author-X-Name-Last: Patel Author-Name: Nisarg A. Joshi Author-X-Name-First: Nisarg A. Author-X-Name-Last: Joshi Author-Name: Bhavesh Patel Author-X-Name-First: Bhavesh Author-X-Name-Last: Patel Title: Impact of economic openness on government size in India Abstract: The purpose of the study is to examine the impact of economic openness on government size in India, using trade openness and capital openness as indicators of economic openness and net fiscal deficit and current account deficit as control variables. ARDL and NARDL bound test approach was employed by taking annual time series data from 1981 to 2020. The estimates confirm a significant long-run and short-run relationship between dependent variables, i.e., government size and independent variables such as trade and capital openness. Empirical results show that in India, an increase in trade openness influences government size positively whereas capital openness affects government size negatively. These findings are crucial for policymakers and regulatory agencies to frame policies that promote economic openness without jeopardising the balance of other macroeconomic variables. Indian policymakers must carefully frame liberal policies to promote trade and capital openness. Journal: Int. J. of Sustainable Economy Pages: 113-130 Issue: 1 Volume: 16 Year: 2024 Keywords: autoregressive distributed lag; ARDL; NARDL; economic openness; government size; fiscal deficit; current account deficit; CAD; India. File-URL: http://www.inderscience.com/link.php?id=135192 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijsuse:v:16:y:2024:i:1:p:113-130 Template-Type: ReDIF-Article 1.0 Author-Name: G. Nagasubramaniyan Author-X-Name-First: G. Author-X-Name-Last: Nagasubramaniyan Author-Name: Augustine Joseph Author-X-Name-First: Augustine Author-X-Name-Last: Joseph Title: Urban-rural unemployment and crime in India: a panel data analysis Abstract: The primary purpose of this paper is to empirically investigate the effect of urban and rural unemployment on various violent and property crimes across 35 states and union territories of India between 1993 and 2017. We have employed a dynamic panel data (DPD) model - the system generalised method of moments (SGMM) for attaining reliable and unbiased results. The DPD model is preferable as it accounts for inertial effects of crime. The findings showed a positive association between urban unemployment and theft. Rural unemployment appeared to be an insignificant factor in determining the incidence of crime in India. The lagged values of the dependent variables are significant for murder, robbery, burglary and theft, confirming the inertial effect of crime. The current study also discusses the possible reasons for the above-mentioned association between economic variables and various types of crime. Journal: Int. J. of Sustainable Economy Pages: 1-15 Issue: 1 Volume: 16 Year: 2024 Keywords: crime; unemployment; panel data; generalised method of moments; GMM; socio-economic; India. File-URL: http://www.inderscience.com/link.php?id=135196 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijsuse:v:16:y:2024:i:1:p:1-15 Template-Type: ReDIF-Article 1.0 Author-Name: Nivaj Gogoi Author-X-Name-First: Nivaj Author-X-Name-Last: Gogoi Author-Name: Farah Hussain Author-X-Name-First: Farah Author-X-Name-Last: Hussain Title: Investigating the environmental Kuznets curve hypothesis and pollution haven hypothesis in India: an ARDL approach Abstract: The study examines the validity of the inverted U-shaped environmental Kuznets curve (EKC) hypothesis and pollution haven hypothesis (PHH) in India during the period 1970 to 2018. Adopting autoregressive distributed lag (ARDL) method, the study disproves the existence of the EKC by indicating a U-shaped curve between environmental degradation and the country's economic growth. Likewise, the relationship between environmental degradation and foreign direct investments confirms an invalid PHH in India. The non-existence of the two hypotheses has important implications on formulation, evaluation, and restructuring of the country's environmental, industrial and economic regulations. The study also considers industrialisation, population density and urbanisation as other regressors. Additionally, the causal relationships among the variables are explored in the study. Journal: Int. J. of Sustainable Economy Pages: 16-44 Issue: 1 Volume: 16 Year: 2024 Keywords: carbon emission; economic growth; environmental degradation; environmental Kuznets curve; EKC; pollution haven hypothesis; PHH; autoregressive distributed lag; ARDL; India. File-URL: http://www.inderscience.com/link.php?id=135199 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijsuse:v:16:y:2024:i:1:p:16-44 Template-Type: ReDIF-Article 1.0 Author-Name: Elisa Tjondro Author-X-Name-First: Elisa Author-X-Name-Last: Tjondro Author-Name: Heru Tjaraka Author-X-Name-First: Heru Author-X-Name-Last: Tjaraka Title: How does market-based governance influence sustainable tax behaviour? Evidence from tax haven utilisation and tax avoidance Abstract: This study investigates whether the external corporate governance mechanism plays an effective monitoring system for multinational companies' tax avoidance and profit-shifting activities. This study uses 553 firm-year observations from 135 listed firms in the manufacturing and agriculture sectors of the Indonesian capital market from 2015-2019. The results suggest that firms with potential tax avoidance activities experience a more severe decline in firm value, specifically firms with strong market-based governance. The findings on firms with tax haven subsidiaries suggest that market-based governance effectively prevents firms from gaining benefits through tax havens and encourages sustainable tax behaviour. This study provides novel empirical evidence that market-based governance is the encouraging factor in achieving sustainable tax behaviour. The findings have significant implications for regulators and practitioners, showing that the regulations related to the advanced transparency and mandatory disclosure of foreign subsidiaries along with the external monitoring mechanism, have effectively encouraged sustainable behaviour. Journal: Int. J. of Sustainable Economy Pages: 45-66 Issue: 1 Volume: 16 Year: 2024 Keywords: corporate governance; market-based governance; tax avoidance; tax haven; sustainable tax behaviour. File-URL: http://www.inderscience.com/link.php?id=135200 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijsuse:v:16:y:2024:i:1:p:45-66 Template-Type: ReDIF-Article 1.0 Author-Name: Teodoro Gallucci Author-X-Name-First: Teodoro Author-X-Name-Last: Gallucci Author-Name: Georgi Marinov Author-X-Name-First: Georgi Author-X-Name-Last: Marinov Author-Name: Vesselina Dimitrova Author-X-Name-First: Vesselina Author-X-Name-Last: Dimitrova Author-Name: Giovanni Lagioia Author-X-Name-First: Giovanni Author-X-Name-Last: Lagioia Author-Name: Antonella Biscione Author-X-Name-First: Antonella Author-X-Name-Last: Biscione Title: Influence of EU circularity indicators through fuzzy AHP approach Abstract: In line with the EU's goal of climate neutrality by 2050 set out in the green deal, the European Commission has proposed a new action plan for the circular economy development. The goal is to identify specific indicators able to provide a measure of circularity at a macro level. The objective of this study is to contribute to this effort by determining the most relevant criteria that business and academic experts can use to identify additional sub-criteria for the degree of circularity of the economy at a macro level. To this end, the study considers four macro indicators and 15 sub-indicators taken from the Eurostat circularity indicators database. The fuzzy AHP analysis has been used to rank indicators and sub-indicators. The proposed study highlights that the main criteria, exhibiting a vast potential to influence the circular economy, are the indicators 'competitiveness and innovation' for academic respondents and 'secondary raw materials' for business respondents, while patents related to recycling and secondary raw materials are the most significant sub-indicators. Journal: Int. J. of Sustainable Economy Pages: 67-89 Issue: 1 Volume: 16 Year: 2024 Keywords: circular economy; fuzzy AHP; environmental indicators; circularity assessment. File-URL: http://www.inderscience.com/link.php?id=135202 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijsuse:v:16:y:2024:i:1:p:67-89 Template-Type: ReDIF-Article 1.0 Author-Name: Nada Hazem Author-X-Name-First: Nada Author-X-Name-Last: Hazem Author-Name: Nouran M. Taha Author-X-Name-First: Nouran M. Author-X-Name-Last: Taha Author-Name: Israa A. El Husseiny Author-X-Name-First: Israa A. El Author-X-Name-Last: Husseiny Title: The impact of government expenditure on environmental degradation in MENA countries: an empirical investigation Abstract: This paper examines the impact of government expenditure on environmental degradation using panel data for 14 MENA countries over the period 2000-2018. We estimate the total effect of government expenditure on CO<SUB align="right"><SMALL>2</SMALL></SUB> emissions by examining the different channels through which government spending may influence the environmental quality, namely the GDP per capita and the institutional quality. Our findings show that the marginal direct effect of government expenditure on CO<SUB align="right"><SMALL>2</SMALL></SUB> emissions is negative and significant. In contrary, the effect of government spending conditional on GDP per capita is found to be positive, offsetting a part of the negative direct effect. Moreover, the effect conditional on democracy level, which is a proxy for institutional quality, is found to be negative. This negative effect reinforces the initial direct effect. Hence, the total effect of government expenditure on CO<SUB align="right"><SMALL>2</SMALL></SUB> emissions is revealed to be negative. This indicates that government spending can contribute to the reduction of air pollution and the improvement of environmental quality. Journal: Int. J. of Sustainable Economy Pages: 90-112 Issue: 1 Volume: 16 Year: 2024 Keywords: government expenditure; environment; MENA region; economic growth; democracy. File-URL: http://www.inderscience.com/link.php?id=135205 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijsuse:v:16:y:2024:i:1:p:90-112 Template-Type: ReDIF-Article 1.0 Author-Name: Tahani Tahmid Author-X-Name-First: Tahani Author-X-Name-Last: Tahmid Author-Name: Farjana Nasrin Author-X-Name-First: Farjana Author-X-Name-Last: Nasrin Author-Name: Paolo Saona Author-X-Name-First: Paolo Author-X-Name-Last: Saona Author-Name: Md. Abul Kalam Azad Author-X-Name-First: Md. Abul Kalam Author-X-Name-Last: Azad Title: Revisiting the impact of board characteristics on environmental, social and governance performance: lesson from European firms Abstract: Stakeholders' concerns are no longer limited to firms' financial performance today. They are also concerned about the environmental, social and governance (ESG) performance which represents the non-financial performance of a firm. However, there are no consistent findings on how board characteristics can influence ESG performance. This study aims to revisit the impact of board characteristics on the ESG performance of a firm in the context of European firms, Europe being at the forerunner for ESG regulations globally. To test the study's hypothesis, a linear model with fixed effect GLS (generalised least squares) is used on a 12-year panel dataset from the year 2008 to 2020 of 180 listed firms categorised in ten economic sectors operating in 18 countries. It has been found that among other board characteristics, women on the board and the presence of CSR committee have a significant positive impact on ESG performance. However, board size, number of board meetings and board independence have a negative or insignificant impact. Journal: Int. J. of Sustainable Economy Pages: 452-486 Issue: 4 Volume: 16 Year: 2024 Keywords: ESG score; women on board; board characteristics; firm performance. File-URL: http://www.inderscience.com/link.php?id=141703 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijsuse:v:16:y:2024:i:4:p:452-486 Template-Type: ReDIF-Article 1.0 Author-Name: Akram Elahi Gol Author-X-Name-First: Akram Elahi Author-X-Name-Last: Gol Author-Name: Hossein Rahmany Youshanlouei Author-X-Name-First: Hossein Rahmany Author-X-Name-Last: Youshanlouei Author-Name: Milan Ščasný Author-X-Name-First: Milan Author-X-Name-Last: Ščasný Title: Factors influencing intention to use hybrid electric vehicles in an oil-rich country: from vehicles market managers' perspective Abstract: The widespread uptake of electric vehicles is believed to be essential to deal with extreme air pollution. However, the current market penetration of electric vehicles in developing countries is negligible. This study aims to evaluate the preferences of managers in the automotive industry in Iran to use hybrid electric vehicles (HEVs). We use the goal-directed behaviour model extended by environmental concerns, hedonic and symbolic values to examine the role of social-psychological factors in the intention to use HEV. Amongst the analysed social-psychological factors, desire is the strongest one to predict intention to use HEVs, whilst hedonic and symbolic values alongside environmental concerns amplify the effect of desire. Our results suggest that Iranian people who attach more symbolic value to the new technology will also have a stronger desire to use HEV since ownership and usage of such cutting-edge technology are associated with prestige and a luxury lifestyle. Journal: Int. J. of Sustainable Economy Pages: 430-451 Issue: 4 Volume: 16 Year: 2024 Keywords: hybrid electric vehicles; HEVs; intention to use a low carbon technology; extended model of goal-directed behaviour; partial least square; PLS; automotive industry. File-URL: http://www.inderscience.com/link.php?id=141704 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijsuse:v:16:y:2024:i:4:p:430-451 Template-Type: ReDIF-Article 1.0 Author-Name: Nadine Ladnar Author-X-Name-First: Nadine Author-X-Name-Last: Ladnar Author-Name: Moritz Schätzlein Author-X-Name-First: Moritz Author-X-Name-Last: Schätzlein Author-Name: Ricardo Palomo Author-X-Name-First: Ricardo Author-X-Name-Last: Palomo Author-Name: Alexander Zureck Author-X-Name-First: Alexander Author-X-Name-Last: Zureck Title: Does ESG performance influence accounting- and market-based firm risk? Abstract: The relevance of corporate social responsibility (CSR) is increasing as an important factor in managers' decision-making process. Future sustainable and continuing corporate financial performance (CFP) can only be achieved by considering stakeholders' expectations and improving corporate social performance (CSP). Being a driver of a company's prospective economic performance, CSR has become an element of risk analysis, which explains its growing relevance for authorities, banks, and investors. Therefore, this study examines the relationship between CSP and firm risk, hypothesising a risk-mitigating effect of CSP. Using corporates' leverage and beta as indicators for firm-idiosyncratic and systematic risk, 250 firm-year observations between 2015 and 2019 of the German DAX 30 and MDAX are analysed within multiple linear regression. However, our findings do not provide clear results while indicating contrary effects on systematic and unsystematic risk instead, somehow reflecting the discrepancy of the current discourse on this topic. Journal: Int. J. of Sustainable Economy Pages: 383-402 Issue: 4 Volume: 16 Year: 2024 Keywords: ESG performance; environmental; social; governance; accounting-based firm risk; market-based firm risk; corporate social responsibility; CSR; sustainability; corporate social performance; CSP. File-URL: http://www.inderscience.com/link.php?id=141705 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijsuse:v:16:y:2024:i:4:p:383-402 Template-Type: ReDIF-Article 1.0 Author-Name: Christian Agu Author-X-Name-First: Christian Author-X-Name-Last: Agu Author-Name: Ifeoma C. Mba Author-X-Name-First: Ifeoma C. Author-X-Name-Last: Mba Author-Name: Jonathan E. Ogbuabor Author-X-Name-First: Jonathan E. Author-X-Name-Last: Ogbuabor Author-Name: Ezinne N. Odoemelam Author-X-Name-First: Ezinne N. Author-X-Name-Last: Odoemelam Title: Globalisation and manufacturing sector performance: the role of institutional quality in Nigeria Abstract: This study examined the relationship between globalisation and Nigeria's manufacturing sector performance and how institutional quality is moderating this relationship during the period 2000-2020. The autoregressive distributed lag (ARDL) estimation technique was used. The findings indicate that globalisation has a direct positive impact on manufacturing sector performance in Nigeria, both in the short and long run. The institutional indicators predominantly showed a negative direct effect on manufacturing sector performance, both in the short and long run. Interestingly, the interaction between globalisation and the institutional indicators showed that the weak institutions prevalent in Nigeria are yet to dampen the positive effect of globalisation on the nation's manufacturing sector. Furthermore, when the components of globalisation were used in the analysis, we found that while political and social globalisation enhance the performance of Nigeria's manufacturing sector, economic globalisation deters it. The study gave some policy recommendations based on the findings. Journal: Int. J. of Sustainable Economy Pages: 403-429 Issue: 4 Volume: 16 Year: 2024 Keywords: globalisation; manufacturing sector; institutional quality; ARDL model; error correction model; Nigeria. File-URL: http://www.inderscience.com/link.php?id=141706 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijsuse:v:16:y:2024:i:4:p:403-429 Template-Type: ReDIF-Article 1.0 Author-Name: Saif Ur Rahman Author-X-Name-First: Saif Ur Author-X-Name-Last: Rahman Author-Name: Shurong Zhao Author-X-Name-First: Shurong Author-X-Name-Last: Zhao Author-Name: Danish Junaid Author-X-Name-First: Danish Author-X-Name-Last: Junaid Title: The FDI inflows in low-income and lower-middle-income countries: the moderating role of military expenditure Abstract: Foreign direct investment (FDI) inflows have been found to positively impact citizens' quality of life in a country. However, the ways in which a country's military spending moderates this relationship between the factors of citizens' wellbeing and FDI inflows is less known in literature. The present study attempts to bridge this gap by investigating panel data for 56 low-income and lower-middle-income economies (N = 1,064) for a period from 2001 to 2019. Fixed effect regression estimation was used to test the hypothesised relationships, which demonstrate that military spending significantly and negatively correlates with inward FDI. The results show that in less developed economies, governments' spending in their security sectors reduces the chances of attracting inward FDI in its direct role; and in its moderating role, it negatively impacts the FDI inflows attracted by the variables of GDP per capita and health infrastructure in a country. The study has policy implications for improving the quality of life in less developed countries. Journal: Int. J. of Sustainable Economy Pages: 131-153 Issue: 2 Volume: 16 Year: 2024 Keywords: foreign direct investment; FDI; military expenditure; government spending; wellbeing economy; health expenditure; developing economies. File-URL: http://www.inderscience.com/link.php?id=137611 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijsuse:v:16:y:2024:i:2:p:131-153 Template-Type: ReDIF-Article 1.0 Author-Name: Tarek Chebbi Author-X-Name-First: Tarek Author-X-Name-Last: Chebbi Author-Name: Fathi Nakai Author-X-Name-First: Fathi Author-X-Name-Last: Nakai Author-Name: Waleed Hmedat Author-X-Name-First: Waleed Author-X-Name-Last: Hmedat Title: The link between the credit rating agency downgrades in times of crisis and the dynamics of government credit default swap yield spreads Abstract: This paper analyses the impact of credit rating agencies downgrades on the dynamic of government credit default swap (CDS) yield spreads during the most stressful period of the eurozone debt crisis (2010-2012). Our research is released by the event study approach that includes direct effects on the risk and return of CDS market. We obtain some new results. As for immediate effect, we find downgrades and outlook announcements significantly affect sovereign CDS yield spreads but had little or no impact on the volatility. Regarding the dynamic effect, such announcements are anticipated by CDS markets in [-3, 0] which are consistent with efficient markets hypothesis, while watchlist events considerably influence CDS yield spreads around the announcement day, which is on concordance with credit rating agencies information discovery effect hypothesis. Furthermore, we confirm the association of CDS yield spreads with stock and foreign exchange markets. Journal: Int. J. of Sustainable Economy Pages: 154-183 Issue: 2 Volume: 16 Year: 2024 Keywords: credit rating agencies; credit default swaps spreads; debt crisis; spillovers; event study dummy approach. File-URL: http://www.inderscience.com/link.php?id=137612 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijsuse:v:16:y:2024:i:2:p:154-183 Template-Type: ReDIF-Article 1.0 Author-Name: Muhammad Madyan Author-X-Name-First: Muhammad Author-X-Name-Last: Madyan Author-Name: Fatimah Alamsyah Author-X-Name-First: Fatimah Author-X-Name-Last: Alamsyah Author-Name: Wulan Rahmadani Setiawan Author-X-Name-First: Wulan Rahmadani Author-X-Name-Last: Setiawan Author-Name: Erlin Trisyulianti Author-X-Name-First: Erlin Author-X-Name-Last: Trisyulianti Title: Analysis of carbon emission disclosures of Indonesian companies and their market performance with board characteristics as a moderator Abstract: This study investigates the effect of disclosure of carbon emissions on company performance, especially market performance and the characteristics of a board consisting of independent commissioners and female directors as moderators. This study uses 517 firm-year observations from companies listed on the Indonesia stock exchange (IDX) for the 2015-2019 period. Consistent with the development of the hypothesis, the results show that the disclosure of carbon emissions is positively related to market performance. The same result is also shown in the logit regression robust test. We document that independent commissioners and female directors can strengthen the relationship between carbon emission disclosures (CED) and market performance. In addition, the results of additional studies show that the disclosure of carbon emissions is positively related to return on assets (ROA) and return on investment (ROE). Our findings show that the disclosure of carbon emissions can be a good idea for companies to improve financial performance, both market performance and accounting performance. Journal: Int. J. of Sustainable Economy Pages: 184-207 Issue: 2 Volume: 16 Year: 2024 Keywords: firm performance; FP; market performance; carbon emission disclosure; CED; independent commissioner: female directors. File-URL: http://www.inderscience.com/link.php?id=137614 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijsuse:v:16:y:2024:i:2:p:184-207 Template-Type: ReDIF-Article 1.0 Author-Name: Arpan Parashar Author-X-Name-First: Arpan Author-X-Name-Last: Parashar Author-Name: Peeyush Bangur Author-X-Name-First: Peeyush Author-X-Name-Last: Bangur Title: Effects of gold, crude oil and their volatility on Nifty 50: evidence from Indian stock market Abstract: This study aims to examine the impact of the gold price, crude oil price, and their respective price volatility indices, i.e., gold price volatility index (GVZ) and oil price volatility index (OVX) on the Indian stock market NSE Nifty-50. To examine the relationship among the variables, unit-root tests (ADF and PP), auto regressive distributed lag (ARDL) bounds test and followed by the Granger Causality test have been performed. The results indicate that long-run co-integration exists among the variables further; about 0.38% of the departure from the long-run equilibrium is corrected in each period in Nifty 50 that is attributed to the crude oil price, gold price, and respective volatilities. Further, it was found that all these explanatory variables Granger cause Nifty 50. Journal: Int. J. of Sustainable Economy Pages: 231-252 Issue: 2 Volume: 16 Year: 2024 Keywords: crude oil; gold; ARDL model; volatility; Granger casualty; Nifty. File-URL: http://www.inderscience.com/link.php?id=137615 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijsuse:v:16:y:2024:i:2:p:231-252 Template-Type: ReDIF-Article 1.0 Author-Name: Amiya Kumar Mohapatra Author-X-Name-First: Amiya Kumar Author-X-Name-Last: Mohapatra Author-Name: Rahul Matta Author-X-Name-First: Rahul Author-X-Name-Last: Matta Author-Name: Neha Gupta Author-X-Name-First: Neha Author-X-Name-Last: Gupta Title: Evaluating the trend of the research in sustainability reporting: a bibliometric review Abstract: This paper attempts to provide an intellectual structure to fragmented literature on the topic 'sustainability reporting' by organisations using bibliometric analysis and attempts to ascertain potential future research agenda. The sample includes 496 articles from the Web of Science (WoS) database from 2001 to 2021. The sample is analysed with bibliometric methods like bibliographic coupling, citation analysis, co-citation analysis, co-word and thematic map analysis using VOS viewer. The results show key authors such as Warren Maroun, Belen Fernandez-Feijoo, and Olivier Boiral; key universities such as University of Salamanca, University of the Witwatersrand, and University of Vigo; key journals such as <i>Journal of Business Ethics</i>, <i>Accounting, Auditing & Accountability</i>, and <i>Business Strategy and the Environment</i>; and key countries such as Spain, the USA, and Australia, that have contributed significantly to the existing literature. Further, this paper highlights the increasing relevance of sustainability reporting in research and suggests directions for the future research. Journal: Int. J. of Sustainable Economy Pages: 208-230 Issue: 2 Volume: 16 Year: 2024 Keywords: bibliometric analysis; network analysis; sustainability reporting; citation analysis; thematic map analysis. File-URL: http://www.inderscience.com/link.php?id=137617 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijsuse:v:16:y:2024:i:2:p:208-230 Template-Type: ReDIF-Article 1.0 Author-Name: Gulguu Adiyabaatar Author-X-Name-First: Gulguu Author-X-Name-Last: Adiyabaatar Author-Name: Liu Zhizhong Author-X-Name-First: Liu Author-X-Name-Last: Zhizhong Title: Commodity prices, institutional quality and export diversification: the case of Mongolia Abstract: Mongolia is a mineral commodity dependent and lower-middle-income country with a highly concentrated and volatile export basket. Interestingly, the potential determinants of the country's export diversification have not explored empirically. This paper is intended to investigate the effects of commodity price shocks and institutional quality on export diversification in Mongolia. To do so, the ARDL bounds testing approach is employed for the empirical analysis, using a dataset covering the period of 1995-2019. The results of the analysis suggest that commodity price shocks measured by the aggregate index of commodity prices and a country-specific commodity terms of trade index influence Mongolia's export diversification in both the long and short-run. For the contract intensive money, a proxy for institutional quality, it supports export diversification in Mongolia in the short-run, but not in the long-run. Journal: Int. J. of Sustainable Economy Pages: 487-506 Issue: 4 Volume: 16 Year: 2024 Keywords: commodity dependency; export concentration; commodity price fluctuations; institutional quality; ARDL bounds testing approach; Mongolia. File-URL: http://www.inderscience.com/link.php?id=141746 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijsuse:v:16:y:2024:i:4:p:487-506 Template-Type: ReDIF-Article 1.0 Author-Name: Hien Vo Van Author-X-Name-First: Hien Vo Author-X-Name-Last: Van Author-Name: Malik Abu Afifa Author-X-Name-First: Malik Abu Author-X-Name-Last: Afifa Title: Environmental commitment for green finance and sustainable performance in commercial banks of ASEAN countries - whether stakeholder pressure has a moderating role Abstract: The purpose of this study is to investigate the relationships between environmental commitment, green finance implementation, and sustainable performance in ASEAN commercial banks. Simultaneously, stakeholder pressure is examined as a moderating factor on these relationships. The data from the cross-country survey of 101 senior managers were analysed using partial least squares-structural equation modelling (PLS-SEM). The study's findings demonstrated that environmental commitment positively influenced both green finance implementation and sustainable performance. Furthermore, green finance implementation had a positive and significant impact on sustainable performance. It was also intriguing to see that none of these relationships were moderated by stakeholder pressure. These findings are essential evidence for ASEAN governments, central banks, and commercial banks in establishing the motivation for green finance and sustainable performance. Finally, the study proposes recommendations for strengthening the application of green financing in ASEAN commercial banks. Journal: Int. J. of Sustainable Economy Pages: 304-331 Issue: 3 Volume: 16 Year: 2024 Keywords: ASEAN; commercial bank; environmental commitment; green finance; stakeholder pressure; sustainable performance; SDGs; legitimacy theory; resource-based view; RBV; stakeholder theory. File-URL: http://www.inderscience.com/link.php?id=139502 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijsuse:v:16:y:2024:i:3:p:304-331 Template-Type: ReDIF-Article 1.0 Author-Name: Phuoc Vu Ha Author-X-Name-First: Phuoc Vu Author-X-Name-Last: Ha Author-Name: Le Ngu Anh Ngo Author-X-Name-First: Le Ngu Anh Author-X-Name-Last: Ngo Author-Name: Ngoc Phi Anh Doan Author-X-Name-First: Ngoc Phi Anh Author-X-Name-Last: Doan Author-Name: Bao Bao Vuong Author-X-Name-First: Bao Bao Author-X-Name-Last: Vuong Title: Corruption and firm profitability in Vietnam Abstract: Governments in both developing and developed countries fight corruption since it can harm economic development. However, it has raised the question of why it still exists at a high level in emerging markets like Vietnam. The study aims to figure out the impact of corruption on firm profitability in Vietnam. With the data from surveys of World Bank, Vietnam Competitive Initiative and Vietnam Chamber of Commerce and Industry from 2005 to 2017, and by measuring corruption at country level and provincial level, the study provides the impact of corruption on firm profitability. We demonstrate that corruption has a negative effect on the profitability of firms. The results of this study give a better understanding about the characteristics of a featured emerging market like Vietnam. Lower levels of corruption, a better business environment quality may help developing countries in attracting more investors and hence, push up the economic growth. Journal: Int. J. of Sustainable Economy Pages: 253-264 Issue: 3 Volume: 16 Year: 2024 Keywords: corruption; firm profitability; emerging economy; Vietnam. File-URL: http://www.inderscience.com/link.php?id=139504 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijsuse:v:16:y:2024:i:3:p:253-264 Template-Type: ReDIF-Article 1.0 Author-Name: Tomislava Pavić Kramarić Author-X-Name-First: Tomislava Pavić Author-X-Name-Last: Kramarić Author-Name: Maja Pervan Author-X-Name-First: Maja Author-X-Name-Last: Pervan Title: Impact of national culture on insurers' risk-taking: evidence from selected CEE countries Abstract: In conducting their activities, insurers are exposed to various risks. Since insurance firms play a significant role in supporting the economy, the analysis of factors influencing risk-taking is gaining importance, and national culture plays a significant role in this. Specifically, three national culture dimensions, including individualism, uncertainty avoidance and power distance, with a set of firm-, industry- and cross-country-oriented variables, are employed to see their potential influence on risk-taking, which is presented with a Z-score. Applying regression analysis on two sub-samples comprising of life and non-life insurance companies from selected Central and Eastern European countries (CEE) that operated in 2019, the authors find negative influence of uncertainty avoidance and power distance on risk-taking in both non-life and life insurance segments. Furthermore, GDP per capita growth also has negative influence on a Z-score whereas share of premium in GDP positively affects risk-taking. These findings relate to both insurance segments while the positive influence of concentration is found in the non-life segment only. Journal: Int. J. of Sustainable Economy Pages: 287-303 Issue: 3 Volume: 16 Year: 2024 Keywords: national culture dimensions; individualism; power distance; uncertainty avoidance; insurance firms; risk-taking; CEE countries. File-URL: http://www.inderscience.com/link.php?id=139505 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijsuse:v:16:y:2024:i:3:p:287-303 Template-Type: ReDIF-Article 1.0 Author-Name: Manh-Ha Dang Author-X-Name-First: Manh-Ha Author-X-Name-Last: Dang Author-Name: Thi Thuy Hong Nguyen Author-X-Name-First: Thi Thuy Hong Author-X-Name-Last: Nguyen Title: Investigating the key factors of the development of the sustainable port in Vietnam Abstract: Today, sustainable ports play a significant role in putting into practice a sustainable business strategy that comprehends the ecological and commercial mechanics of environment incentive programs. This paper's goal is to identify the major factors affecting the implementation of sustainable ports. In this study, 215 managers from 21 container ports in Vietnam participated as the sample. The data were analysed using principal component analysis (PCA), confirmatory factor analysis (CFA), and structural equation modelling (SEM). The findings demonstrated that the availability of technical advancement, environmental regulations, economic incentives provided by governments, and the collaboration of parties concerned are all important factors in the development of sustainable ports in developing countries. The implication and discussion is presented in depth in the article. Journal: Int. J. of Sustainable Economy Pages: 332-360 Issue: 3 Volume: 16 Year: 2024 Keywords: sustainable port; drivers; regulations; technical advancement; sustainability; Vietnam. File-URL: http://www.inderscience.com/link.php?id=139514 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijsuse:v:16:y:2024:i:3:p:332-360