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Journal articles on the topic 'Sustainable Financial Sector'
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KONYAEV, Aleksei A. "Technologies of financial flows sustainable management of the Russian banking sector." Finance and Credit 27, no. 6 (June 30, 2021): 1334–55. http://dx.doi.org/10.24891/fc.27.6.1334.
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Subject. This article deals with the issues of rational allocation and management of macro-financial flows of the banking sector. Objectives. The article aims to interpret technologies of sustainable management of financial flows of the banking sector. Methods. For the study, I used post evaluation, systems, functional and structural, evolutionary, and dynamic analyses, and the techniques of observation, classification, grouping, sampling, comparison, and generalization. Conclusions and Relevance. To manage the macro-financial flows of the banking sector, financial technologies should be used both within the banking sector and cooperation between the sector and the Bank of Russia, and different sectors of the economy. The introduction of financial technologies will help the banking sector manage macro-financial flows in a sustainable manner, reduce regulatory burden and improve the efficiency of compliance with the Bank of Russia's regulatory requirements, and risk management.
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Županović, Ivo. "Sustainable Risk Management in the Banking Sector." Journal of Central Banking Theory and Practice 3, no. 1 (January 1, 2014): 81–100. http://dx.doi.org/10.2478/jcbtp-2014-0006.
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Abstract The globalization of financial markets and negative consequences of the financial crisis resulted in negative connotations in the operation of many financial institutions, businesses and citizens and imposed the need to implement appropriate risk management measures in the banking sector. Evolution of the financial sector makes a lot of news in the field of risk management and particularly the modelling of market, credit and operational risk. The main methodology for risk management is the value-at-risk, which is used in practice with other techniques such as the capital- at-risk method in order to minimize business risks and achieve optimal results in the banking and, generally, financial operations. Accordingly, at all levels of governance in the banking sector, there are prudential policies in place governing the management of all types of financial and operational risks. Based on the abovementioned, the focus of the examination was on the above postulate, and prompt recognition, control and proper management of banking risks.
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Minina, T. I., and V. V. Skalkin. "Reducing the Risks of the Financial Sector to Ensure Sustainable Growth of the Russian Еconomy." Economics, taxes & law 12, no. 3 (July 7, 2019): 86–92. http://dx.doi.org/10.26794/1999-849x-2019-12-3-86-92.
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Russia’s entry into the top five economies of the world depends, among other things, on the development of the financial sector, being a necessary condition for the economic growth of a developed macroeconomic and macro-financial system. The financial sector represents a system of relationships for the effective collection and distribution of economic resources, their deployment according to public demand, reducing the risk of overproduction and overheating of the economy.Therefore, the subject of the research is the financial sector of the Russian economy.The purpose of the research was to formulate an approach to alleviating the risks of increasing financial costs in the real sector of the economy by reducing the impact of endogenous risks expressed as financial asset “bubbles” using the experience of developed countries in the monetary policy.The paper analyzes a macroeconomic model applied to the financial sector. It is established that the economic growth is determined by the growth and, more important, the qualitative development of the financial sector, which leads to two phenomena: overproduction in the real sector and an increase in asset prices in the financial sector, with a debt load in both the real and financial sectors. This results in decreasing the interest rate of the mega-regulator to near-zero values. In this case, since the mechanisms of the conventional monetary policy do not work, the unconventional monetary policy is used when the mega-regulator buys out derivative financial instruments from systemically important institutions. As a conclusion, given deflationally low rates, it is proposed that the megaregulator should issue its own derivative financial instruments and place them in the financial market.
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Makarenko, Inna, Yulia Yelnikova, Anna Lasukova, and Abdul Rahman Barhaq. "Corporate social responsibility of financial sector institutions in the light of sustainable development goals financing: the role of banks and stock exchanges." Public and Municipal Finance 7, no. 3 (November 6, 2018): 1–14. http://dx.doi.org/10.21511/pmf.07(3).2018.01.
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Significant gap in investment resources for financing Sustainable Development Goals can be overcome with the revitalization of the corporate social responsibility mechanism of the financial sector institutions, for example banks and stock exchanges as the largest players in the global financial sector. The most relevant for them are Goals 1, 5, 8, 10, 13, 17. Incorporating these goals into activities of the financial sector institutions requires not only the activation of their CSR mechanism in the directions indicated by the targets, but also the radical restructuring of all business processes and the reorientation of their overall sustainability strategy. Analysis of current sustainability reporting disclosure by financial sector institutions in global and regional aspects was conducted. Based on the analysis, the authors define the role of CSRs of banks and stock exchanges in SDG financing as follows: banks – ensuring their own sustainability and efficiency through CSR mechanisms, formation of new tools, methods and technologies of financial support of SDG; stock exchanges – minimization of information asymmetry in investor decision making, taking into consideration ESG criteria, formation of exemplary disclosure practices and new markets and market benchmarks by listing companies.
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Radchenko, Oksana. "Financial potential of sustainable development of the agrarian sector." Ekonomika APK, no. 1 (January 31, 2019): 27–38. http://dx.doi.org/10.32317/2221-1055.201901027.
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Oluganna, Eunice, Tajudeen Lawal, and Daniya Adeiza Abdulazeez. "EFFECT OF FINANCIAL DEVELOPMENT ON FINANCIAL INNOVATION IN NIGERIA." JURNAL AKUNTANSI DAN AUDITING 15, no. 2 (October 6, 2019): 150–64. http://dx.doi.org/10.14710/jaa.15.2.150-164.
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Financial sector is crucial for the development of a well-functioning market as it facilitate capitalinflows, mobilize savings for productive investment and facilitates the conduct and growth of aneconomy in the world. Despite the importance of financial sector development in Nigeria, financialinstitution operating in financial market were confronted with drastic changes where by old waysof doing business were no longer profitable and sustainable and unable to acquire fund with theirtraditional financial instruments. Against this background, the study investigated the effect offinancial sector development on financial innovation in Nigeria. The study employed secondarydata obtained from central bank of Nigeria statistical bulletin and World Bank database between2011 and 2017. The data obtained was subjected to system General Method of Analysis (GMM)estimator. The study concluded that upward trend of process innovation significantly influence thein depth of finance. The study recommends policy makers should design policies which willpromote and enhance the relationship between financial innovation and financial development inother to increase the supply and provision of financial service.
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Varma, Jayanth R. "Indian Financial Sector and the Global Financial Crisis." Vikalpa: The Journal for Decision Makers 34, no. 3 (July 2009): 25–34. http://dx.doi.org/10.1177/0256090920090304.
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Though the Indian financial sector had very limited exposure to the toxic assets at the heart of the global financial crisis, it suffered a severe liquidity crisis after the Lehman bankruptcy. This liquidity crisis could have been averted with timely injection of liquidity into the system by the Reserve Bank of India, claims Jayanth Varma. Apart from the liquidity crisis, India also had to deal with the collapse of global trade finance; deflation of an asset market bubble; demand contraction for exports; and corporate losses on currency derivatives. Looking ahead, the paper argues that the crisis is a wake-up call for the Indian banks and financial system for better managing their liquidity and credit risks, re-examining the international expansion policies of banks, and reviewing risk management models and stress test methodologies. Rejecting the widely held notion that financial innovation caused the global crisis, the author offers examples from bond markets and securitization to establish the necessity of continuing with the financial reforms. While India has high growth potential, growth is not inevitable. Only the right economic and financial policies and a favourable global environment can make rapid growth a sustainable phenomenon.
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Alguindigue Ruiz, Pedro Ildemaro, and Olaf Weber. "The Impact of Financial Sector Sustainability Guidelines and Regulations on the Financial Stability of South American Banks." ACRN Journal of Finance and Risk Perspectives 10, no. 1 (2021): 111–27. http://dx.doi.org/10.35944/jofrp.2021.10.1.007.
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Sustainability risks represent a significant concern for the banking industry. Consequently, financial regulators created financial sector sustainability guidelines and regulations. However, the effect of these policies on banks’ financial stability is unclear. Hence, this study analyzes 149 banks in 17 countries in Latin America to explore the impact of financial sector sustainability guidelines and regulations on the banking industry. We use the Z-Score to measure the financial stability of banks in countries with and without financial sector sustainability guidelines and regulations. Based on panel regression, our results suggest significant differences between banks in countries with and without financial sector sustainability guidelines and regulations. We conclude that sustainable finance regulations promote financial stability as well as sustainable banking practices.
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Rahim, Norfhadzilahwati. "SUSTAINABLE GROWTH RATE AND FIRM PERFORMANCE: A CASE STUDY IN MALAYSIA." International Journal of Management, Innovation & Entrepreneurial Research 3, no. 2 (September 8, 2017): 48–60. http://dx.doi.org/10.18510/ijmier.2017.321.
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Purpose: Growth for business is significant especially for company’s goal because the company can maintain their performance without running into financial problems. Financial problems or financial distress can make the company not enough capital or financial resources to run company activities. This research investigate the association between firm performance and sustainable growth rate.Methodology:The indicators for sustainable growth rate are calculated by using Higgins model and the measurements for firm performance such as financial leverage (debt ratio and equity ratio), liquidity (current ratio), and assets efficiency (total asset turnover). The data of the research consists of 226 companies from all sectors except for a financial sector of FBMKLCI Bursa Malaysia over 11 years’ period from 2005 until 2015. This analysis used descriptive method and multiple regression analysis.Findings:The results found that there is a significant relationship between debt ratio, equity ratio, total asset turnover and size of the firm with sustainable growth rate.Practical Implications:The sustainable growth rate is one of the valuable financial tools especially for managers used to gauging financial and operating decision, whether to sustain, increase or decrease.Social Implications: The results of this study also enable the company to manage its financial and operating policy towards healthy growth without having additional financial problem.Research Limitations/Implications:This study focuses on all sectors except for financial sector of Bursa Malaysia to identify an implication to the role of debt and financing decisions for sustainable firm’s growth over 11 years period from 2005 until 2015.Originality/Value: Our results are suitable for companies to manage their solid performance to sustain firm’s growth in the future undertakings.
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Mulder, Herman. "The Financial Sector as Stewards for the Sustainable Development Goals." Journal of Economics and Public Finance 5, no. 2 (April 24, 2019): 183. http://dx.doi.org/10.22158/jepf.v5n2p183.
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<p><strong>The best of times, the worst of times:</strong></p><p>As in Charles Dickens’ novel “A Tale of Two Cities”, we seem to be living in “the best of times and the worst of times”, with hopefully “resurrection” (after the 1789 French Revolution though) or, in current jargon, societal, economic, technological “transformation”, fitting a modern, inclusive, just, prosperous, fair, peaceful world.</p>Social justice, nature conservation and economic fairness are essential elements for “the world we want”, as articulated in the UN Sustainable Development Goals (the SDGs) for the period 2015-2030. With its 17 Goals, 169 targets and 234+ indicators it is, together with the Paris Agreement on Climate Change and the Addis Action Agenda on Financing for Development, a powerful, global, universal driver for positive change, “leaving no one behind”, “from us all, by us all for us all”.
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Tokareva, G. F., O. I. Shalina, and E. E. Barkova. "THE ROLE OF FINANCIAL SECTOR IN PROVIDING SUSTAINABLE DEVELOPMENT GOALS." IOP Conference Series: Earth and Environmental Science 107 (January 2018): 012138. http://dx.doi.org/10.1088/1755-1315/107/1/012138.
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Danilov, Y., O. Buklemishev, and A. Abramov. "Urgency of financial markets’ and non-banking financial sector reform." Voprosy Ekonomiki, no. 9 (September 20, 2017): 28–50. http://dx.doi.org/10.32609/0042-8736-2017-9-28-50.
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Russian economy slowdown is exhibited by the investment crisis; its termination is a key factor in the resumption of sustainable growth. As the deficit of durable investment resources is acutely felt today, the article demonstrates that the development of the domestic non-banking financial sector can serve as an efficient mechanism for the long-term investment capital formation. The current state of Russian non-banking financial sector is characterized by numerous structural problems so that a special program of measures, both inside the sector and beyond its limits, is required to address these problems and pull the sector out of stagnation. Systemic implementation of this program will lead to important changes at the macro level, including the increase in the capital investment, especially long-term; the expansion of opportunities for structural reforms; the increase and diversification of household incomes and the acceleration of economic growth.
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Evdokimova, Yulia, Elena Egorova, and Olga Shinkareva. "Information technology in financial sector Russian Federation - driver of the formation of the Russian economy." E3S Web of Conferences 208 (2020): 03017. http://dx.doi.org/10.1051/e3sconf/202020803017.
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The digital changes taking place in all areas of society are most evident in certain sectors, especially in financial sector. One of the drivers of the modern development of a sustainable economy is the digitalization of society associated with the rapid development of information technologies. Informatization of this sector in Russia is associated with the synthesis of changes in the legal, economic, social, political nature. The article is devoted to key trends in the informatization of the financial sector of Russia. Analysis of the main suppliers of information technologies in the financial sphere and their products was made. Priority directions of development of information technologies in the financial sector and ways of their implementation are identified. The main approaches to strengthening information security and reliability of financial technologies in Russia have been studied. Synthesis of materials on information technologies researches in the financial sector of Russia was carried out.
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Saleem, Adil, Budi Setiawan, Judit Bárczi, and Judit Sági. "Achieving Sustainable Economic Growth: Analysis of Islamic Debt and the Islamic Equity Market." Sustainability 13, no. 15 (July 26, 2021): 8319. http://dx.doi.org/10.3390/su13158319.
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The financial sector is divided into two broad categories: equity and banking markets. The healthy functioning of these sectors plays an imperative role in any economy. This study aimed to examine the short- and long-term relationship between the Islamic financial sector (Islamic debt and Islamic equity market), and sustainable economic growth of the two economies with the largest Muslim populations. Quarterly data were collected from 2010 to 2019 for Indonesia and Pakistan. The study used autoregressive distributive lag (ARDL) and the error correction method (ECM). The results revealed that in the long run, the Islamic banking sector imparts a significant and positive effect on achieving sustainable economic growth in both countries. However, in the short run, the Islamic stock market was found to have a positive relationship with Pakistan, while the Islamic banking sector had a positive and significant relationship with economic growth in Indonesia.
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Vunjak, Nenad, Miloš Dragosavac, Jelena Vitomir, and Petra Stojanović. "Central and South – Eastern Europe Banking Sectors in the Sustainable Development Function." ECONOMICS 8, no. 1 (June 1, 2020): 51–60. http://dx.doi.org/10.2478/eoik-2020-0009.
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AbstractChanges in banking sectors with the onset of the global financial crisis were related to: globalization, sector deregulation, technological change and financial innovation. Structural changes within banking services (at the end of the 20th century) relate to: the consolidation of banks, the merging of banking and non-banking financial institutions and their competition with one another. Significant place in the part of sustainable development belongs to bank performance, vision and mission of banks. The corporate vision of banks should be the “framework” for the future development of a bank. The corporate mission should be a “roadmap” to the realization of the bank’s vision and an expression of the business philosophy of the bank in question.It is of particular importance for the banking sectors of the CEE countries to define: the vision, the mission, the situational analysis and the planned long-term goals of the bank. With the advent of the global financial crisis, the financial activity of banks in the Central and Southeastern European region decreased, as the number of attractive fusion and acquisition banks in the region concerned was reduced.The aim of the research is to determine the importance of the vision, mission and clearly set goals in banks, where the analysis of banking sectors in 13 countries over a period of 11 years was carried out. The analysis of GDP and its growth in the period from 2008 to 2018 indicates a dynamic growth in the countries of Central Europe and some countries of Southeast Europe. The analysis of the assets of the banking sector and its share in GDP indicates the dominant participation of the countries of Central and Southeastern Europe that are members of the European Union relative to the candidate countries for EU member states. Analysis of the banking sector of the influx countries shows that more than 70% of the banking market in Southeast European countries is influenced by foreign highly developed banking groups. Sustainable development can only be achieved through the active joint action of the banking sectors of the Central and Southeast European countries.
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Abubakar, Lastuti, and Tri Handayani. "Juridical Implications of The Sustainable Finance Principles Implementation in the Banking Sector on the Obligations of Sustainable Reporting." Jurnal Dinamika Hukum 19, no. 1 (May 7, 2019): 52. http://dx.doi.org/10.20884/1.jdh.2019.19.1.2189.
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OJK has issued regulation No.51/POJK.03/2017 on The Application of Sustainable Finance for Financial Services Institution, Issuer and Public Companies, requires all financial services institutions, including banks to applied sustainable financial principles. While some of the principles of sustainable finance are already part of banking regulation such the obligation to implement risk management and governance, they have not specifically accommodated the demand to integrate economic, social and environmental aspect as a pillar of sustainable banking. This study is used normative juridical approaches and analytical descriptive research specifications, legal issues are how to implement sustainable financial principles in the banking sector and urgency of the bank’s sustainable report as an effort to identify bank compliance with sustainable financial principles. Banks are required to make and publish sustainable financial statements as a form of bank accountability to all stakeholders to comply with governance principles, in particular transparency obligations. This sustainable reporting is a form of report conducted by a company in order to disclose or communicate to all stakeholders on good environmental, social and governance performance in an accountable manner.
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Biukšāne, Inese. "FINANCIAL MANAGEMENT OF MICRO-ENTERPRISES IN LATVIAN FISHERIES SECTOR." ENVIRONMENT. TECHNOLOGIES. RESOURCES. Proceedings of the International Scientific and Practical Conference 1 (June 16, 2021): 38–42. http://dx.doi.org/10.17770/etr2021vol1.6538.
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competitiveness of the Latvian fisheries sector in the long term depends on thought-out financial management of enterprises and objective and timely identification of various risks. Sound and innovation- and knowledge-based entrepreneurship can contribute to substantial success and growth. The aim of the research is to assess the financial management of micro-enterprises in the Latvian fisheries sector, at the same time providing recommendations for the need in structural reforms and ensuring sustainable financial stability. Based on the chosen assessment methodology, the skills and opportunities of micro-enterprises in creation of capital structure, distribution of financial resources and return were analysed. The information reflected in the framework of the research can assist the institutions, entrepreneurs and researchers involved in establishment and implementation of fisheries policy to better understand the need in successful financial management to ensure a sustainable operation of the sector.
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Asghar, Bilal, Ahmad Wasim, Usama Qazi, and Azfar Rasool. "Financial and Non-Financial Practices Driving Sustainable Firm Performance: Evidence from Banking Sector of Developing Countries." Sustainability 12, no. 15 (July 31, 2020): 6164. http://dx.doi.org/10.3390/su12156164.
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Since independence, state-owned enterprises in Pakistan have been struggling for performance enhancement. The goal of sustainable performance is still unachievable. Therefore, the paper evaluates sustainable corporate performance based on financial, social, and environmental performance areas. The organizational restructuring framework for sustainable performance enhancement is developed on software PLS-SEM. The financial and economic performance (FEP) was evaluated through financial reports and surveys; however, social and environmental performances (SEP) were quantified through survey questionnaires for seven performance areas with multiple sub factors, based on Weisbord’s six box model. The study time period in focus is 2011 to 2015. Data was collected from 517 employees of 19 public, private, and privatized banks of Pakistan. The results demonstrate that the total effect of FEP and SEP is much stronger (t-value = 7.619) than the individual direct impact of FEP (t-value = 5.189) on sustainable firm performance (SFP). This is a clear indication of the mediating role of SEP for SFP evaluation. Furthermore, FEP depends on significant indicators include net assets, total deposits, profit before tax, and earnings per share of total deposits with outer loadings, which are given as 0.995, 0.992, 0.978, and 0.954, respectively. Moreover, SEP depends on indicators, i.e., reward policies, redefining organizational purpose, coordination mechanism among employees, and supervisor relationships, with correlations of 0.864, 0.849, 0.805, and 0.761, respectively. The framework will assist in the enhancement of the performance of economically unviable public and loss-making privatized entities.
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Gref, G., and K. Yudaeva. "Russian Banking System under Conditions of Global Crisis." Voprosy Ekonomiki, no. 7 (July 20, 2009): 4–14. http://dx.doi.org/10.32609/0042-8736-2009-7-4-14.
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Problems in the financial sector were at the core of the current economic crisis. Therefore, economic recovery will only become sustainable after taking care of the major weaknesses in the financial sector. This conclusion is relevant both for the US and UK - the two countries where crisis has started, and for other economies which financial institutions turned out to be fragile in the face of the swings in the risk appetite. Russia is one of the countries where the crisis has revealed serious deficiency in the financial sector. Our study of 11 banking crises during the last 25-30 years shows that sustainable economic recovery and decrease in the dependence on commodity prices will be virtually impossible without cleaning of balance sheets and capitalization of the financial sector.
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TULAY, Oksana. "CURRENT STATUS AND PROBLEMS OF FINANCIAL PROMOTING OF SUSTAINABLE DEVELOPMENT OF AGRO-INDUSTRIAL SECTOR." WORLD OF FINANCE, no. 3(56) (2018): 104–16. http://dx.doi.org/10.35774/sf2018.03.104.
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Introduction. At the current stage of development of the economy of Ukraine the agro-industry sector acts as a kind of locomotive and determines its volume, supply and value of the main types of food for the population. It greatly affects socio-economic development state, forming 14% of gross value added and more than 40% of exports of countries. Almost 90% of the food needs of the country's population satisfies for the expense of domestic production. Active development of the world markets for agricultural products requires the formation of an effective one mechanism of financial support of production and investment activity agro-industrial sector of Ukraine taking into account global sustainable goals development. Purpose. The purpose of the article is to find out the features, trends and problems of financial support for the sustainable development of the agro-industrial sector of the economy, substantiation of directions for its improvement Results. The article focuses on the issue of financial security of sustainable development of the agro-industrial sector of the economy, indicators that affect the volume of sales revenue enterprises of the agro-industrial sector. The structure of the sources of financial support of the enterprises of the agro-industrial sector is analyzed and positive and negative tendencies towards its formation are found out. The features of the formation and use of profit as the main source of formation of own capital of enterprises of the agro-industrial sector are analyzed. It is revealed that there is a tendency to decrease the profitability of indicators of enterprises negatively affects the financial security of their sustainable development. Conclusions. It is substantiated that in order to improve the system of financial support for the sustainable development of agro-industrial enterprises the sector needs: – to apply anti-crisis measures, which include the mechanism of the state financial incentives for socially responsible ecologically safe business entities; – to develop a mechanism for state financial incentives production of organic agricultural products; – to develop effective regional strategies for attracting investment resources taking into account the peculiarities of each region's development; – to develop an effective mechanism for lending agro-industrial the economy sector.
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WILSON, PETER. "MONETARY POLICY AND FINANCIAL SECTOR DEVELOPMENT." Singapore Economic Review 60, no. 03 (August 2015): 1550031. http://dx.doi.org/10.1142/s0217590815500319.
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This paper reviews Singapore's monetary policy and financial development since independence, including the immediate challenges in the 1960s, the turbulent years of the 1970s with the collapse of the Bretton Woods fixed exchange rate system and the global oil shocks of 1973 and 1979, the introduction of a unique exchange rate-centered monetary policy in 1981, the Asian financial crisis of 1997–1998 and the global financial crisis of 2007–2009. Despite being a late starter (1971) and given a number of obstacles, not least the high degree of openness of the Singapore economy to trade and capital flows, the Monetary Authority of Singapore has built up a high degree of credibility within a relatively short space of time and delivered low and stable inflation. Although financial development has been "government made" rather than market-driven, proactive and sensible policies have built on Singapore's long history as a regional trading hub to turn Singapore into a premier financial center in terms of foreign exchange trading, offshore money market intermediation and asset management. Nonetheless, some challenges remain: How monetary policy can deal with asset price bubbles and deflationary pressures and steer a careful course to maintain price stability without jeopardizing Singapore's transitory restructuring process to achieve sustainable economic growth.
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Baah, Charles, Kate T. Amponsah, Kassimu Issau, Daniel Ofori, Innocent Senyo Kwasi Acquah, and Douglas Opoku Agyeman. "Examining the Interconnections Between Sustainable Logistics Practices, Environmental Reputation and Financial Performance: A Mediation Approach." Vision: The Journal of Business Perspective 25, no. 1 (February 8, 2021): 47–64. http://dx.doi.org/10.1177/0972262920988805.
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As environmental awareness and the patronage of logistics services grow, there is a growing demand for the logistics sector to provide more sustainable environmental services, and although the logistics sector performs functions such as reverse logistics, packaging, inventory management, transportation, warehousing, waste management, distribution, etc., which are very core to economic growth, they also significantly contribute to greenhouse effect and consume huge amounts of resources. This study, drawing on the institutional theory and the natural resource-based view, explores the framework through which sustainable logistics practices such as sustainable transportation, reverse logistics and management of waste, sustainable packaging and distribution, green monitoring and evaluation, and sustainable information sharing influence environmental reputation and financial performance. The study adopted partial least square structural equation modelling technique in analysing data due to it having more statistical power. The findings of the study showed that sustainable logistics practices had enormous influence on environmental reputation and financial performance. In terms of mediation, environmental reputation had no mediation effect between waste management and financial performance but partially mediated the relationships between sustainable transportation, sustainable information sharing and financial performance, while fully mediating the relationships between reverse logistics, sustainable packaging and distribution, green monitoring and evaluation, and financial performance. This study concentrated on the logistics sector; thus, this study results will provide vital data to both scholars and practitioners in comprehending the call and need to integrate sustainable policies and strategies into business and industrial operations to ensure environmental preservation.
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Kozlovskyi, Serhii, Roman Grynyuk, Olga Baltremus, and Anna Ivashchenko. "The methods of state regulation of sustainable development of agrarian sector in Ukraine." Problems and Perspectives in Management 15, no. 2 (September 4, 2017): 332–43. http://dx.doi.org/10.21511/ppm.15(2-2).2017.03.
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In this article the research of theoretical and methodological approaches to ensuring the sustainable development of the agrarian sector within the region based on the methods of state regulation was conducted. Regulatory and legal measures of the agrarian sectors sustainable development within the regions in crisis where conditions have been developed. The structural scheme of the system of state regulation for pricing of the products in the agrarian sector has been developed. The algorithm for the state regulation of prices for the agrarian market is proposed. It is proposed to construct of an effective management system of sustainability agrarian sector development of the region to combine all actions of management subjects of agrarian relations by the following elements: state regulation, market self-organization, management of agrarian sector. Currently the most optimal agrarian sectors of the region have an innovative development scenario in which innovative resources are used, shifting resource-technological equilibrium in the direction of production growth through more efficient use of natural, financial and other resources as an additional source of sustainable development of the regional agrarian systems. A targeted model of sustainable development of the Vinnitsa region agrarian sector has been developed on the basis of an innovative scenario that envisages achieving this by giving the agrarian sector of the region the main and basic guidelines of development by means of organizational and rational interaction of agroindustrial regional system with the external environment, ensuring its ability to self-development, efficiency of functioning, flexibility and adaptability.
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Meiling, Li, Farzan Yahya, Muhammad Waqas, Zhang Shaohua, Syed Atif Ali, and Alishba Hania. "Boosting Sustainability in Healthcare Sector through Fintech: Analyzing the Moderating Role of Financial and ICT Development." INQUIRY: The Journal of Health Care Organization, Provision, and Financing 58 (January 2021): 004695802110281. http://dx.doi.org/10.1177/00469580211028174.
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Healthcare organizations are setting new targets of sustainable practices to improve their financial performance without depleting social and natural capital. Maintaining a sustainable, resilient, and durable healthcare system facilitate economies to achieve sustainable competitiveness. Thus, it is important to address and fill the knowledge gap by identifying factors that improve a firm’s sustainability. Drawing on technological knowledge spillover theory, this study investigates the effect of FinTech development on the sustainable performance of healthcare firms using panel data comprised of 11 Asia-Pacific countries. By applying the 2-step GMM technique, we find a robust estimate that digital financial technologies improve the sustainable performance of the firms. Contrary to the substitution effect, our results further indicate that financial institutions are collaborating with FinTechs to facilitate financing at the individual and firm-level. We also find that financial and ICT development positively moderates the relationship between FinTech development and sustainable performance.
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Zielińska-Lont, Klaudia. "Sustainable finance initiatives and their impact on financial stability." Financial Law Review 20, no. 4 (2020): 118–33. http://dx.doi.org/10.4467/22996834flr.20.024.13096.
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The article discusses the potential impact of sustainable finance initiatives on financial stability. A careful literature review on the subject of sustainable development and stability of the financial sector is performed in order to identify potential gaps in policies and regulations. Existing considerations around the impact of sustainable development efforts focus exclusively on the consequences of climate change for the portfolio of assets held by the financial sector, whereas the author examines the growing market for sustainable financial instruments as a potential threat. The results indicate that sustainability features of new financial instruments are not methodically evaluated in the context of their credibility and may therefore suffer from sudden loss of value that is not accounted for under the existing supervisory mechanisms. Inconsistent definitions and no single perception of sustainability further enhance the risk for investors and issuers and that risk needs to be accounted for under the mechanisms safeguarding financial stability.
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Dubauskas, Gediminas. "SUSTAINABLE GROWTH OF THE FINANCIAL SECTOR: THE CASE OF CREDIT UNIONS." Journal of Security and Sustainability Issues 1, no. 3 (March 15, 2012): 159–66. http://dx.doi.org/10.9770/jssi/2012.1.3(1).
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Goldstein, Don. "Financial sector reform and sustainable development: the case of Costa Rica." Ecological Economics 37, no. 2 (May 2001): 199–215. http://dx.doi.org/10.1016/s0921-8009(00)00278-0.
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Varma, Jayanth R. "Indian Financial Sector Reforms: A Corporate Perspective." Vikalpa: The Journal for Decision Makers 23, no. 1 (January 1998): 27–38. http://dx.doi.org/10.1177/0256090919980105.
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Until the early 90s⁄ corporate finance managers in India were given very little freedom in the choice of key financial policies as the government regulated the pricing of debt and equity instruments and directed the flow of credit. Financial sector reform over the last six years has exposed managers to complex financial choices amidst increased volatility of interest rates and exchange rates, and made them accountable to an increasingly competitive financial marketplace. Nevertheless, the slow pace of financial liberalization so far has given Indian corporates the luxury of learning slowly and adapting gradually. Gradualism has also meant that there is a large unfinished agenda of financial sector reforms. According to Jayanth Varma⁄ Indian companies should now prepare themselves for further changes that lie ahead. The East Asian crisis is a warning for the Indian corporate sector to pursue more prudent and sustainable financial policies.
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Alińska, Agnieszka, Beata Filipiak, and Aneta Kosztowniak. "The Importance of the Public Sector in Sustainable Development in Poland." Sustainability 10, no. 9 (September 14, 2018): 3278. http://dx.doi.org/10.3390/su10093278.
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The striving for sustainable development has become the goal of actions undertaken not only by representatives of public authorities and institutions representing this sector, but also representatives of private entities who are increasingly recognizing the benefits and sources of long-term development based on the principles and objectives of sustainable development. These are mainly based on the pursuit of synergy in the three basic areas of activities, i.e., in the economic, social, and environmental dimensions as well as in the maintenance of natural resources. The implementation of these activities is connected with the necessity of incurring financial expenditures, which the government (public sector) does not have in the required value. Therefore, in the process of sustainable development for which the government is responsible, the active participation of the financial sector (banks) is necessary. Achieving results within the alliance of the concept of sustainable development requires the setting of a kind of contract, the parties of which are the government, society, and financial institutions. The purpose of the conducted research is to indicate by which means the government can stimulate economic growth towards its sustainable development.
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Kopein, Valeriy, Elena Filimonova, Tatjana Sinitsyna, Tatjana Lantseva, and Nelli Morozenko. "Improving Financial Security Model under Sanctions as Sustainable Development Component." E3S Web of Conferences 41 (2018): 04038. http://dx.doi.org/10.1051/e3sconf/20184104038.
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This article discusses theoretical and methodological issues of financial and food security, their interrelations with Sustainable development and assessment for Russian regions. It is emphasized that the global financial crisis and economic sanctions have had a substantial impact on the level of security in Russia and its regions. This negative impact is expected to worsen the environment protection and agriculture sector development, what can be the obstacle to sustainable development. The problems hampering the development of own agricultural production are described among which the problem of financing stands out. The conclusion states that there is an increased attention of the agricultural sector support despite their uneasy financial situation. The article underlines the issue of the empirical failure of regional financial independence from the state which complicates the determination of parameters of financial security of the region. The attention is drawn to the link between food security and financial independence of the region
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Abidova, Dilbar. "INFLUENCE OF FINANCIAL SECTOR DEVELOPMENT ON ECONOMIC GROWTH." CBU International Conference Proceedings 3 (September 19, 2015): 181–87. http://dx.doi.org/10.12955/cbup.v3.600.
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In the view of every country’s endeavors for sustainable economic development, the question of key factors influencing economic growth or recession is becoming more prominent. For several decades now, finance is being considered as one of such factors by some scholars and rejected by others. This article is aimed at analyzing the finance-growth nexus by considering the existing theoretical background, empirical studies, and real life cases. Research has shown that the influence of financial sector on economic growth, and as a result of real sector’s activity, is becoming more obvious, especially in the light of the recent global financial-economic crisis. What remains unknown is the extent to which finance can encourage economies to develop.
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Zioło, Magdalena. "The financial sector towards efficiency of sustainable development financing in the light of literature review." European Journal of Service Management 25 (2018): 361–66. http://dx.doi.org/10.18276/ejsm.2018.25-44.
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P. Adirinekso, Gidion. "AKSES USAHA MIKRO KECIL DAN MENENGAH KE PERBANKAN DI KABUPATEN GUNUNG KIDUL DAN SLEMAN." Jurnal Riset Manajemen dan Bisnis 6, no. 1 (June 1, 2011): 1. http://dx.doi.org/10.21460/jrmb.2011.61.68.
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Many survei and research found that Micro, small and medium entreprizes, have some difficulties to access banking sector for a credit. Many constraints to the banking sector can be devided into two categories, first is financial factors and the other is non financial factors.Using logistic regression with 200 respondents, this paper want to identify key factors to access the bank. It found that financial factors did not cause their probability to acces the bank increasingly. But, non financial factor, that is their experiences to have relation withtheir supplier, was caused their probability to access bank sector significantly. From this result, the policy and framework to support Micro, small and medium entreprizes accessingthe banking sectors should consider their relationships with their supplier, or more wider their communication and skill to make sustainable network.Keywords: Access to Banking, SMEs, Credit
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Altăr, Adam, Matei Nicolae Kubinschi, and Alina Zaharia. "Uncovering the Dynamic Relationship between Credit and Sustainable Economic Growth in Selected CEE Countries." Sustainability 13, no. 11 (June 3, 2021): 6349. http://dx.doi.org/10.3390/su13116349.
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Establishing a functional financial sector has been one of the pillars of transition to a functional market economy over the last three decades in the CEE region. The present paper provides a comprehensive analysis of the relationship between credit and economic growth in selected CEE countries, namely, Czechia, Romania, Poland and Hungary, aiming to answer questions related to (i) the role of the banking sector in fostering sustainable economic growth and the causality direction between the financial and real sector, (ii) the relationship between consumption and investment and certain categories of loans and (iii) the identification of loan supply shocks and their role in explaining the dynamics associated with other macroeconomic variables. Using a time-varying parameter structural vector autoregression model with stochastic volatility (TVP-SVAR) and sign restrictions, we identify a non-financial corporations (NFC) credit supply shock and an investment shock. Potential policy solutions to ensure a sound contribution of the financial sector to economic growth in the analyzed economies relate to the strong relationship identified between the two variables. From this perspective, the study is among the first to employ a robust dynamic framework for assessing the role of the financial sector in fostering sustainable economic growth in European emerging market economies.
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Bajrami, Halil, and Bashkim BELLAQA. "Impact of Sustainable Tourism Development on the Economy." International Journal of Finance & Banking Studies (2147-4486) 9, no. 3 (September 14, 2020): 112–20. http://dx.doi.org/10.20525/ijfbs.v9i3.875.
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Abstract
Today, tourism is becoming more and more the main sector of the economy by generating financial income and creating opportunities for new jobs. However, as one of the sectors where the economic growth of the country is expected to be concentrated in the future, tourism has still not found itself in genuine sectoral development. One of the many problems that Kosovo's tourism economy faces today is the identification of a genuine tourism product development strategy, as well as the use of marketing strategies, which will orient towards the sustainable development of tourism. In times of market economy, unfavorable fiscal policies in Kosovo often become an obstacle to the development of tour operators, even when they have the capacity and potential for development. Kosovo's tourism economy, in particular, and the economic sector in general are dominated by small and medium economic operators, while large economic operators are still in the process of privatization, therefore it is required to find a favorable sector strategy which in long-term period will ensure the sustainability of tour operators, offering a diversified tourism product.
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Ivleva, E. S., N. S. Shashina, and E. S. Shashina. "Defining Approaches to the Selection of Management Decisions in the Environmental Sector of the Enterprise Economy." Economics and Management 27, no. 4 (June 5, 2021): 262–68. http://dx.doi.org/10.35854/1998-1627-2021-4-262-268.
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Aim. The presented study aims to identify development features that are characteristic of the environmental sector of the enterprise economy within the framework of sustainable development theory and to propose approaches to the selection of management tools in the context of social, environmental, and economic growth.Tasks. The authors examine the mechanism for managing the development of the environmental sector of the enterprise economy; characterize financial and non-financial instruments for regulating and supporting environmental entrepreneurship; identify problems and opportunities for their successful application at different levels of the economy to maintain sustainable economic growth and quality of life.Methods. This study uses content analysis within the framework of sustainable development theory and the environmental approach to economic modeling.Results. An approach to examining the environmental sector of the business economy and selecting tools for its regulation and support is proposed.Conclusions. The authors substantiate the need to expand the scope of examination of the economic development model, making allowance for the environmental adaptation of the results and the search for new financial and non-financial instruments for managing the development of the environmental sector of the enterprise economy.
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Saha, Ipsita, Amit Kundu, and Sadhan Kumar Ghosh. "Development of Sustainable Business Model: A Conceptual Framework for the Financial Sector to Obtain Successful ERP." International Journal of Sustainable Development and Planning 15, no. 8 (December 22, 2020): 1313–21. http://dx.doi.org/10.18280/ijsdp.150818.
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The present study identifies the key antecedent factors for accomplishing the adoption stage of enterprise resource planning (ERP) systems in their business operations. Four potential antecedent factors of adoption were derived from the literature, and data were obtained from a sample of 200 executives of the banking organizations of the financial sector across India. A structural equation modeling (SEM) technique was used to examine the complex relationships between antecedents and the adoption decision. The authors survey the literature to discover and classify critical success factors that are potentially applicable to financial sector. Four broad parameters namely, strategic, organizational, technological, and environmental (SOTE) has been identified for the efficacious development of ERP system in the financial sector of India. 11 dimensions has emerged as significant one for the financial sector. The results show that most of the success factors found in the literature apply to the industry. Nevertheless, distinct differences were found as well. Some factors, such as innovativeness of the implementation strategy, formulation of sound business plan, integration within the departments, adaptation capability of the system etc. would become the key instruments for successful implementation of ERP in the financial sector. The findings can help the executives of the financial sector to focus their attention, priorities, resources and leadership on managing the success factors that have been established to be critical for achieving ERP project implementation and ultimately, leading to the development of the sustainable business model.
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Brzozowska, Krystyna. "Green bonds as a transfer of sustainable development idea into financial sector." European Journal of Service Management 27 (2018): 15–22. http://dx.doi.org/10.18276/ejsm.2018.27/1-02.
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Babenkova, S. Yu. "The perspectives of sustainable development of Jordanian financial sector in current conditions." Entrepreneur’s Guide 13, no. 3 (July 1, 2020): 32–51. http://dx.doi.org/10.24182/2073-9885-2020-13-3-32-51.
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Paun, Cristian, Radu Musetescu, Vladimir Topan, and Dan Danuletiu. "The Impact of Financial Sector Development and Sophistication on Sustainable Economic Growth." Sustainability 11, no. 6 (March 21, 2019): 1713. http://dx.doi.org/10.3390/su11061713.
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The drivers of economic growth and development are among the most important issues explored by economic theory. Sustainability of economic development was previously linked by various economic schools of thought to natural resources (agriculture, land, minerals, metals etc.), labor force (including skills, productivity, and education), entrepreneurship or technology and innovation. Capital was later introduced by classical economic theory as the key element. Without significant capital accumulation, all other production factors remain idle. The value added of the production process is a result of the existence, the accessibility and the cost of capital. Therefore, the development and the sophistication of the financial sector has gradually become very important for any nation interested in sustainable growth. This paper investigates the impact of financial sector development, sophistication and performance on economic growth based on a panel regression methodology. We found statistically significant results that confirm the importance of this connection and that are very consistent with economic theory and previous relevant articles and studies.
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Glubokova, Lyudmila, Dmitry Kokhanenko, Natalya Pislegina, Pavel Neverov, and Kholnazar Amonov. "The role of the eco-financial sector in realizing the sustainable development goals." SHS Web of Conferences 110 (2021): 01026. http://dx.doi.org/10.1051/shsconf/202111001026.
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The article examines the role of the eco -financial sector in the implementation of sustainable development goals through the creation of a new ecological system of global financial resources -a system of responsible and green financing. Favorable economic conditions and significant socio-economic benefits are at the heart of banks’ transition to responsible and green finance. Provided that these principles are implemented on an ongoing basis, in the near future, one can expect an increase in investments in environmental and social projects, and, as a result, an improvement in the environmental situation and an increase in the standard of living of the population different countries of the world. In this paper, the authors analyzed the main directions of development of a new ecological system of global financial resources - a system of responsible and green financing in Russia and abroad and the role of the eco - financial sector in the implementation of the UN sustainable development goals in terms of combating climate change, industrialization, innovation and infrastructure, affordable and clean energy, clean water and sanitation. The analysis showed that foreign and domestic banks and other financial institutions are actively involved in organizing and conducting the issuance of “green” bonds.
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Gambetta, Nicolás, Paula Azadian, Victoria Hourcade, and María Reyes. "The Financing Framework for Sustainable Development in Emerging Economies: The Case of Uruguay." Sustainability 11, no. 4 (February 18, 2019): 1059. http://dx.doi.org/10.3390/su11041059.
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This paper explores the financing framework for sustainable development in Uruguay, an emerging economy, and examines whether available financing instruments contribute to achieving the sustainable development goals (SDGs) in which significant progress is still required in this country. Reports, policy documents and academic literature were reviewed to determine the types of sustainable development financing instruments available, and to analyse the challenges facing emerging economies in this regard. In addition, the financing programmes available from the public sector, non-governmental organisations (NGOs), the financial sector and multilateral credit agencies were examined. The results obtained show that the main financing sources for sustainable development are located within the public sector due to the absence of a developed financial market, and that the existing financial instruments do not address the SDGs where most attention is required. The latter circumstances make it challenging to achieve these SDGs in Uruguay. The study findings highlight the need for greater coordination among all parties to make efficient use of the scarce resources available to an emerging economy and thus enable it to meet its SDGs.
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Katan, Lyudmyla, Olena Dobrovolska, and José Manuel Recio Espejo. "Structural modeling of the financial support for the Ukrainian agrarian sector." Investment Management and Financial Innovations 15, no. 3 (September 6, 2018): 199–211. http://dx.doi.org/10.21511/imfi.15(3).2018.17.
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Financial support for the agrarian sector is the priority of economic policy in many countries of the world, as it plays a key role in achieving the goals of sustainable development, in particular poverty reduction, food security, environmental improvement, including reducing CO2 emissions, reducing water pollution, etc. In the main, the financial support for the agrarian sector of the various countries is multi-channel and combines budget financing and financial market opportunities. At the same time, for many countries, including Ukraine, the issue of the ratio of these sources of financing and their influence on the development of agricultural production remains unresolved. The analysis of budget financing has shown a lack of stability in the implementation of financial support programs for the agrarian sector of Ukraine, which affects the financial sustainability of enterprises and their ability to attract market financing. In the article, using the structural modeling, the necessary amount of financing for the agrarian sector was determined through budget financing, bank lending and agro-insurance. The results of the calculations showed that the actual size of bank lending to agrarian enterprises is significantly lower than the simulated values. At the same time, budget financing creates conditions for ensuring financial sustainability of agrarian enterprises and encourages them to use bank lending, while increasing budget financing reduces the need for agro-insurance operations, which is a negative consequence of its use.
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Yang, Fan, Hakan Kalkavan, Hasan Dinçer, Serhat Yüksel, and Serkan Eti. "Gaussian-Based Soft Computing Approach to Alternative Banking System for Sustainable Financial Sector." Complexity 2021 (February 11, 2021): 1–27. http://dx.doi.org/10.1155/2021/4570936.
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This study aims to identify the necessary strategies for the development of a sustainable financial system. For this purpose, a novel approach could be provided for soft computing with Gaussian-based fuzzy DEMATEL approach to understand the significant levels and impact-relation degrees of these criteria. For robustness check, this evaluation has also been performed for triangular and trapezoidal fuzzy sets. There are many novelties of this study. Firstly, computer science has a significant role in the decision-making process. Another specificity is that the use of Gaussian numbers with fuzzy numbers is a new area. In addition, interval type-2 fuzzy (IT2F) sets also provide a significant advantage in decision-making under uncertainty. The results demonstrate that the size of the alternative financing, investment in efficient projects, and effective advertisement/promotions are the most important items to affect the performance of alternative banking system of emerging economies. Hence, it is recommended that the new banking applications should be applied by the state or the state can provide some incentives for foreign banks to invest in emerging economies, such as tax reduction. Another important point is that the financial intermediations should generate a component financial analysis team to examine the financial reports of the companies in detail so that the financial credibility of these companies can be evaluated more effectively.
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Amoah, Robertson, and Kwarteng Peter. "Testing the Productivity Growth Effects of Financial Liberalisation on the Economic Sectors of Ghana in the Precence of Structural Breaks." International Journal of Business and Management 15, no. 4 (March 17, 2020): 157. http://dx.doi.org/10.5539/ijbm.v15n4p157.
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The study examined the relationship between financial liberalization and productivity growth of the three economic sectors in Ghana by using the yearly data over the period 1970-2013. In the analysis; the credits provided to private sector, investment, trade liberalization and capital account openness are considered as indicators of financial liberalization while sector level value added as a percentage of GDP represents productivity growth. The stationarity of the series and the long run relationship are analyzed by means of Zivot-Andrews (1992) and Clemente, Montanes and Reyes (1998) tests and Gregory Hansen tests in which structural breaks are considered. The findings of the study revealed that increasing spending on the productive sectors of the economy will yield a positive result of sustainable productivity growth at sector levels. However, government initiated structural reform that is not accompanied by sound macroeconomic policies may not have a lasting effect, since the effect of such reform in the long run growth path could be thrown out of gear by other external shocks. The positive effect of financial liberalization on productivity growth can be broadly confirmed in all the three economic sectors. Future studies could be focused on whether financial liberalization will make anticipated impact on sector level productivity growth using primary data from the various sectors of the economy in a survey study using structural modeling.
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Bafoyev Otabek. "ACTUAL ISSUES OF FINANCIAL STABILITY OF THE AGRICULTURAL SECTOR OF UZBEKISTAN." International Academy Journal Web of Scholar 1, no. 8(38) (August 31, 2019): 32–37. http://dx.doi.org/10.31435/rsglobal_wos/31082019/6654.
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This article examines the prospects for increasing the competitiveness of the agro-industrial complex of the Republic of Uzbekistan through the formation and development of clusters as an innovative type of production management, outlines the main problems and the current state of the domestic agro-industrial sector, which forms national food security, directions and mechanism for the development of factors aimed at creating conditions for sustainable growth of the country's economy. At present, characterized by the global trend of growing global competition, the problem of finding new factors that can ensure the growth of national competitiveness and sustainable development of the state’s economy arises, and this makes this article relevant.One of the means of updating the production management system to solve this problem is the cluster approach, which can be effectively implemented, when will be taken into account the specific conditions of certain areas of economic activity.
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Radchenko, Oksana, Inna Tsvihun, Iryna Yasinetska, and Liubov Budniak. "Financial resource balance of the agricultural sector: case of Ukraine." Independent Journal of Management & Production 11, no. 8 (May 1, 2020): 615. http://dx.doi.org/10.14807/ijmp.v11i8.1221.
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The study of financial balance is carried out in order to determine the supply and demand of financial resources for the agricultural sector and is to take into account the factors shaping the economic relations of the personified forms of capital movement. The balance of demand and supply of financial resources institutionally combines the resources of agricultural producers, credit institutions, financial institutions and the state and functionally it involves a set of the functions performed by financial regulation to achieve the goals of agricultural production. Since the concept of balance lies in the plane of financial and credit infrastructure, it is a system of normatively defined institutional and functional elements that form, regulate, mediate and develop financial relations and ensure the functioning of the agricultural sector by creating the resource potential of economic entities to carry out production on a permanent or extended basis. The methodological basis for the formation of the financial balance of the agricultural sector is enriched by new phenomena of domestic and foreign practice. Improving the methods of its formation and functioning is the basis for achieving sustainable long-term development of the agricultural sector and providing it with sufficient financial resources. On this way, it is necessary to take into account both domestic and international experience. If the volume of potential financial resources of the agricultural sector in 2017 amounted to about 1024 billion UAH (37 billion US dollars), then for the period up to 2020 it is predicted that it can grow annually by no less than 215 billion UAH (15-20%) in the next 3-5 years and by the end of 2020 against the level of 2015 will increase by 2.5 times. Sustainable agrarian development requires strategic planning of financial resources for a variety of their sources and state regulation of this process.
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Malinic, Dejan, and Vlade Milicevic. "The financial and structural capabilities of key infrastructure sectors in Serbia." Ekonomski anali 57, no. 195 (2012): 7–42. http://dx.doi.org/10.2298/eka1295007m.
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Experts and economic policy creators debate various economic growth rates without a direct insight into the capabilities of the different economic sectors motivated us to devote this paper to the research of key infrastructure sector capabilities, both in terms of the economic prosperity of the Serbian national economy and as a support for the development of other sectors. This paper examines the energy, transportation, and telecommunications sectors? exposure to short-term and long-term risks, and assesses their financial strength, investment possibilities, and long-term profitability. We believe that the following results will be a valuable information input for making better strategic decisions and more expedient planning of economic sustainable growth.
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Melles, Gavin. "Sustainable Community Development or Voluntourism: Sustainable Housing in Rural Maharashtra." Social Sciences 7, no. 12 (November 26, 2018): 247. http://dx.doi.org/10.3390/socsci7120247.
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Volunteer tourism (‘voluntourism’) packages development and poverty as culturally exotic and ethical experiences for tourists from industrialized countries. Among the various sectors promoting voluntourism, university sector short term study abroad tours network voluntourism agencies, local actors (e.g., NGOs), universities, and government funding to offer students ‘life changing’ community sustainable development experiences. Alongside the purported benefits for all stakeholders, recent criticism points to the commodification of development and poverty through such tours and multiple pernicious effects of such travel, especially the failure to deliver community impact. Given the significant financial, political, and other interests involved, monitoring and evaluating such initiatives against transparent independent sustainability principles has proved complicated. Case studies employing ethical covert research, fieldwork, and secondary data analysis offer one approach. This case study of a purported sustainable housing project in rural Maharashtra, involving a bilateral university-government-local NGO voluntourism ecosystem lead by an Australian Green NGO (AGC) analyses the multiple gaps between participatory community sustainable development and voluntourism. This case study employs content analysis of project reports, visual data from a field visit, recent village documentary analysis, anonymized email communication, and secondary analysis of contextual data to evaluate the claims of participatory sustainable development and project outcomes of a bilateral NGO voluntourism housing project. The study findings signal lack of financial transparency, incompetent assessment of material needs, limited local participation and control, and failure to deliver on objectives. The conclusion recommends that socially responsible short-term international exchanges should be carefully monitored and exchanges should prefer knowledge exchange.
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Sing, D. "Changing approaches to financing and financial management in the South African local government sector." South African Journal of Economic and Management Sciences 6, no. 4 (November 15, 2003): 868–80. http://dx.doi.org/10.4102/sajems.v6i4.1526.
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Sections 152 and 153 of the Constitution of the Republic of South Africa, 1996 (Act 108 of 1996) have given local government a developmental mandate. Local government has a constitutional obligation to participate in national and provincial development programmes. Local government should become a powerful development catalyst in collaboration with other spheres of government, the non-governmental sector and the local citizenry. It has to address social, economic and infrastructural backlogs and inequalities in a stable and sustainable manner to ensure developmental outcomes are reached. Different financing and financial management policies, strategies, structures, processes and procedures have to be instituted with a view to transformation and innovation. Constant and consistent monitoring, analysis and evaluation of these policies, strategies structures, processes and procedures should ensure these constitutional imperatives.