International Journal of Green Economics (5 papers in press)

Regular Issues

• A study on organic foods purchase intention of Indian customers: A structural approach  
  by Deepak Pandey, Amit Kakkar, Mohd Farhan, Tufail Ahmad Khan 
  Abstract: Now a days, customers are more interested toward a healthy way of life. They apprehend that the meals they are consuming have direct impact on their health and they are preferring organic food over the food prepared with the help of harmful chemicals. Indian population is showing a huge interest in the use of natural meals. It is very difficult for a businessman to know the changing buying habit of customers, so the current research is very useful to understand the affecting factors on the buying attitude of Indian organic food customer. This study proposed a research model and used a questionnaire to collect the data of 200 organic food users. The information evaluation has used (CFA) confirmatory factor analysis to establish validities of the instrument and in the process, identified that every indicating variable has meditated their primary constructs. After the CFA, it is described that the perfect fit for the statistics contemplated by the form of measurement. Path analysis approach was used to test the causal effect association with several constructs (structural model). The association ship model for buying intention may additionally assist the agency in dealing with the market for organic food.
  Keywords: Natural products; Organic food; Structural Equation Modelling; Intention; Health.
  
  
• Green Anarchism: On Environmentalism and Hierarchical Domination  
  by Ben Bulmash 
  Abstract: Over the years, business leaders were criticized for exploiting as well as harming the environment for the sake of profit maximization. The environmental movement has brought to conscious the potential negative impact of corporate ideals and formed the basis for resistance to those ideals. This study demonstrates the impact of environmental values on employees' attitudes toward business owners and managers and highlights the impact of change in social values on business activities and norms. The results of this study are meaningful to leaders and policy makers who seek to promote workers' cooperation and support in face of urging social trends.
  Keywords: Environmentalism; Resistance; Obedience; Value congruence; Business ownership.
  
  
• Stakeholders perceptions on risk and risk management strategies: The case of Chinese dock-less bike-sharing enterprise  
  by Wang Lei, Dewan Ahsan 
  Abstract: The aims of this exploratory research are to identify key stakeholders and their risk perceptions related to the bike-sharing enterprise and to point out possible strategies to mitigate those risks. The result of this study found that 10 stakeholders are involved in this business. Theft and vandalism, traffic accidents, disclosure of personal information, and loss of customer deposits are considered the most important risks factors. Application of smart digital technologies in detecting faulty bikes, development of collaborative relations, awareness building, and involvement of third party organizations to refund user deposits are considered the most important risk mitigation strategies.
  Keywords: Dock-less bike; Green Business; Risk; Stakeholder; China.
  
  
• Green Entrepreneurship in theory and practice: Insights from India  
  by Stuti Haldar 
  Abstract: The rising global concern on climate change and sustainable development has led to a paradigm shift in the Indian markets. Consumers today prefer green products over conventional products as they are growing environmentally and socially responsible. As a result of the growing base of eco - consumers several individuals and organizations are taking advantage of the contemporary Indian market scenario by innovating and redesigning their products with a green perspective. Hence the concept of green entrepreneurship is slowly and steadily establishing stronghold in the Indian markets. This study is exploratory in nature as it offers insights into the emergence of the concept of green entrepreneurship and its role in the Indian context. Based on the available literature the study proposes a conceptual model which explains the nexus between environmental, economic and social actors in development of green entrepreneurship which further leads to achievement of sustainable development. The opportunities and challenges for green entrepreneurship development are also explored in light of the initiatives taken by business houses, individuals and the Government of India by taking up case studies of successful green entrepreneurship ventures in India.
  Keywords: Green entrepreneurship; ecopreneurship; green innovations; sustainable development.
  
  
• How Serious are Islamic Banks in Offering Green Financing? An Exploratory Study on Bangladesh Banking Sector  
  by Taslima Julia, Salina Kassim 
  Abstract: Environmental degradation has been identified as one of the major impediments for development in Bangladesh. The World Health Organization has classified Bangladesh to be in the fourth position among the most polluted countries in the world. Faced with this challenge, the government of Bangladesh introduced Green Financing Policy and encourages banks to participate in offering green financing as part of the efforts to promote environmental-friendly economic activities for sustainable economic development. This study aims to examine the financial performance of selected commercial banks that offered green financing in Bangladesh in the period from 2012 to 2014. In achieving this objective, the study compares between five conventional banks and five Islamic banks based on secondary data gathered from the annual reports and green banking reports. Additionally, case study based on risk-return analysis is also conducted in the case of Islamic banks to compare its performance with the conventional counterpart. The study finds that none of the banks fully meet the green policy requirements; based on the findings, several recommendations are made on ways to expedite green financing which can ultimately enhance contribution of Islamic banks towards the sustainable economic growth of the country. As green banking policy aim is very much in line with Maqasid-al-Shariah which is the aim of Islamic banks, thus Islamic banks can presumably contribute more to the sustainable economic growth of the country by in-lining their cent percent operations with green policies. This study is perhaps the earliest initiative to compare Islamic and conventional banks green performance in Bangladesh.
  Keywords: Green financing; Islamic banks; Conventional banks; Green policy of Bangladesh.