Green financing for sustainable development: Insights from multiple cases of Vietnamese commercial banks

Although the public sector is seen as the main party responsible for taking action on climate change and sustainable development, private commercial banks are in a unique position to support or shift the funding focus on green investment. By employing a qualitative research approach based on six commercial banks, this paper aims to investigate the current practices of how commercial banks are contributing to advance green business initiatives. Accordingly, this research examines and identifies the facilitators and challenges in domestic and foreign commercial banks in Vietnam which support green business initiatives. In addition to addressing the recent calls for the investigation of the role of commercial banks in facilitating green finance, our study expands the emerging literature by demonstrating the current efforts of Vietnam's commercial banks in fostering green finance during the Covid-19 pandemic.     

A global analysis of factors impacting the intensive and extensive margins of bilateral foreign direct investment

This study investigates determinants of bilateral foreign direct investment (FDI) on both margins, the extensive margin (whether to invest) and the intensive margin (how much to invest), based on the recent structural gravity model for FDI developed by Anderson et al. (Trade and investment in the global economy. National Bureau of Economic Research, Cambridge, MA, 2017). I examine a global data set comprised of 110 countries over 9 years, 2004–12. Apart from conventional gravity variables, the source country's technology capital shows a significant and positive impact on both FDI margins. Bilateral investment treaties play a significant role only in determining the extensive margin. Results on FDI stocks and FDI flows can lead to different conclusions; thus, research should consult both types of data series to find which variables have robust effects. Furthermore, breaking down the sample by country development levels reveals that FDI from less‐developed countries (LDCs) is not affected by many common variables, and thus, there is a need to develop more theories and empirical work to investigate the FDI from LDCs in particular.     

Team innovation in retail services: the role of ambidextrous leadership and team learning

Service Business - Drawing upon the ambidextrous leadership theory for innovation, this study investigates the role of opening and closing leadership behaviors in both exploratory and exploitative...     

Unemployment or credit: Which one holds the potential? Results for a small open economy with a low degree of financialization

This paper investigates the relative importance of unemployment versus credit in determining the potential level of real activity for a small open economy with a low degree of financialization. We use a multivariate unobserved component model (MUC) to derive the potential output and the associated output gap for the Lithuanian economy. The model is estimated via Bayesian methods and the time paths of unobserved variables are extracted via the Kalman filter. The inclusion of unemployment in the MUC model substantially improves the estimates of the output gap in real time. Adding information about credit further emphasizes the overheating of the economy in the pre-crisis period, both in real time and ex post. Including credit preserves the conclusions regarding turning points. We uncover a strong negative correlation between the model-implied unemployment gap (without accounting for credit) and real credit growth. Data revisions do not appear to be the primary source of revisions of output gap estimates.     

Unveiling the role of entrepreneurial knowledge and cognition as antecedents of entrepreneurial intention: a meta-analytic study

Although entrepreneurial intention has been regarded as one of the most important drivers of creativity, innovation, and performance in firms, a comprehensive framework that integrates the relevant influential factors has yet to be developed. Drawing on the theory of planned behavior and the social cognitive career theory, this study investigates the critical antecedents, mediators, and moderators of entrepreneurial intention. A meta-analytic approach is employed to validate the proposed hypotheses, and 89 primary studies with a total sample size of 51,919 are analyzed. The results indicate the existence of differences in the manner in which entrepreneurial knowledge influences cognitive antecedents in the individuals who participate in new ventures. Furthermore, personal attitude and self-efficacy play a vital role in predicting entrepreneurial intention. Demographic characteristics (such as age, gender, and education background) significantly moderate the relationship between cognitive antecedents and entrepreneurial intention, indicating that men tend to adopt more entrepreneurial behaviors than women, that older individuals with more positive attitudes have a higher propensity to start ventures than younger ones, and that those with higher education attainment tend to have lower self-employment. These findings offer several recommendations. They could provide valuable references for further academic work, which should aim to extend and validate them. The findings are also very beneficial for professional experts tasked with the design of effective programs for enhancing entrepreneurial behavior.

     

DATA GAPS,DATA INCOMPARABILITY,AND DATA IMPUTATION: A REVIEW OF POVERTY MEASUREMENT METHODS FOR DATA‐SCARCE ENVIRONMENTS

Questions that often come up in contexts where household consumption data are unavailable or missing include: what are the best existing methods to obtain poverty estimates at a single snapshot in time? and over time? and what are the best available methods to study poverty dynamics? A variety of different techniques have been developed to tackle these questions, but unfortunately, they are presented in different forms and lack unified terminology. We offer a review of poverty imputation methods that address contexts ranging from completely missing and partially missing consumption data in cross‐sectional household surveys, to missing panel household data. We present the various existing methods under a common framework, with pedagogical discussion on their intuition. Empirical illustrations are provided using several rounds of household survey data from Vietnam. Furthermore, we also offer a practical guide with detailed instructions on computer programs that can be used to implement the reviewed techniques.     

Energy Consumption and Bitcoin Market

Asia-Pacific Financial Markets - This paper is the first empirical paper to study the relationship between Bitcoin energy consumption and its market. Using the variance decompositions in...     

ATTITUDES TOWARDS ECONOMIC RISK AND THE GENDER PAY GAP

This paper examines the links between gender differences in attitudes towards economic risk and the gender pay gap. Consistent with the literature on the socio-economic determinants of attitudes towards economic risk, it shows that females are much more risk averse than males. It then extends this research to show that workers with more favorable attitudes towards risk are associated with higher earnings, and that gender differences in attitudes towards economic risk can account for a small, though important, part of the standardized gender pay gap.     

A Participatory Simulation to Facilitate Farmers' Adoption of Livestock Feeding Systems Based on Conservation Agriculture in the Uplands of Northern Vietnam

In the mountain areas of northern Vietnam, extensive husbandry of large-ruminants is limited by the lack of natural forage. Since 2000, the Mountain Agrarian System Program has been concerned with this issue and has evaluated technical alternatives aimed at sustainable integration of crop-livestock systems. One alternative consists of feeding systems for largeruminants based on cropping systems with plant cover. Diffusion of information about the new system is supported by a set of interactive communication tools for use between farmers and researchers. A participatory simulation method was developed that combines a compartmental model of the village territory with five technical innovations. Farmers simulate the adoption of the innovations they choose among food-forage cropping systems in rotation or in association, and urea-treated straw. They evaluate the quantity of forage that can be grown for their herd using the chosen set of techniques.

Simulations revealed farmers' constraints and objectives in adopting sustainable cropping systems on the hillsides while maintaining a small animal husbandry system. The results obtained by each farmer provide a useful basis for discussion about the implementation of innovation. This participatory simulation method could be more widely used to facilitate the diffusion of innovations such as integrating livestock feeding systems with conservation cropping practices.     

The effects of interaction behaviors of service frontliners on customer participation in the value co-creation: a study of health care service

This research explores the roles of various interaction behaviors of service frontliners in activating customer participation and creating customer value in the context of health care service. Based on the data of 285 paired patient–physician cases of serious chronic diseases, the analysis revealed that individuated, relational, and empowered interactions expressed by a service frontliner play a critical role in activating customer participation, leading to a higher level of perceived value; while ethical interaction has a direct-only impact on perceived value. These results imply that frontliner interaction can be further broken into participation-activating interaction and value-enhancing interaction. Both of which eventually lead to the improvement of customer value.