The Ghanaian banking sector, grappling with a spectrum of financial risks, presents a compelling case study for understanding the dynamics of risk and profitability in emerging markets. This study seeks to fortify the financial performance of Ghanaian banks through an innovative application of benchmark regression analysis, focusing on critical financial risk and performance metrics. Employing an explanatory research methodology, we harnessed a panel regression model to scrutinize secondary data extracted from the annual income statements of 23 banks, spanning nearly two decades from 2006 to 2023.
View Article and Find Full Text PDFThis research aimed to investigate the mediating function of Green Employee Empowerment (GEE) in the relationship between Green Human Resource Management practices (GHRM) and the environmental performance of small and medium-sized enterprises (SMEs) in Ghana, drawing on the Ability-Motivation-Opportunity (AMO) theory. This study assessed the hypotheses in the established research model using structural equation modeling based on data collected from 320 participants from small and medium-sized firms in Ghana. The study's results revealed that GHRM practices were significantly correlated with the firm's environmental performance.
View Article and Find Full Text PDFThe sustainability of the environment debate cannot be addressed without considering the type of energy to use. The pace at which the world is industrializing, globalizing, and developing economically has prompted many researchers to investigate the kind of energy required to preserve the environment. In this regard, this study employs the mediation model to assess renewable energy's direct and indirect effects on carbon emissions through globalization.
View Article and Find Full Text PDFSeveral efforts have been undertaken by environmentalists, nations, and various international organizations towards the fight against carbon emissions. The continuity of the environment has been one of the main concerns of the international system and state and non-state actors and government institutions are encouraged to play their roles effectively. Therefore, the study assesses the effect of financial inclusion, globalization, and government institutions on carbon emissions.
View Article and Find Full Text PDFThis study investigates how income inequality influences energy poverty alleviation in Ghana as it seeks to achieve a sustainable economy. Employing the Granger causality test on a dataset from 1990 to 2021, the results show that both Gini post-tax and post-transfer (Income inequality-) and Gini pre-tax and pre-transfer (Income inequality-) Granger-cause access to electricity and rural area access to electricity. Urban area access to electricity Granger-causes Gini post-tax and post-transfer.
View Article and Find Full Text PDFThis study investigates the relationship between foreign direct investment (FDI) and CO emissions in Africa, primarily emphasizing carbon-neutral growth. Employing advanced econometric methods like the Generalized Method of Moments (GMM), fixed effect, and Two-Stage Least Squares (2SLS), we identify critical threshold values for key variables, including economic growth, trade openness, human capital, financial development, inflation, and population growth. Our findings indicate that GDP significantly influences the FDI-CO emissions relationship as economies expand, shifting from negative to positive, potentially leading to increased carbon emissions.
View Article and Find Full Text PDFEnviron Sci Pollut Res Int
December 2023
Africa, over the past years, has put various measures in place in the fight against carbon emissions. Achieving net zero carbon has caused the continent researchers to investigate various conditions required for a successful transition. Therefore, the political system cannot be left out since it plays a major role in decision-making.
View Article and Find Full Text PDFOver time, the economy's growth, financial development, and environmental taxes have become vital tools in countering ecological degradation and promoting clean energy. However, there needs to be a research gap in assessing these policies' collective impact on renewable energy adoption, especially in developing West African countries. This study addresses this gap by evaluating the effectiveness of these policies from 1990 to 2020, using the Generalized Method of Moments (GMM), fixed effect, and pooled Ordinary Least Squares (OLS) models.
View Article and Find Full Text PDFThe BRICS nations are often seen as being at the vanguard of the push to implement sustainable energy technologies, even at the household scale, as part of the transition to sustainable societies. Given that the Sustainable Development Goals (SDGs) are interconnected and that achieving one is a good springboard for achieving others, we see the SDGs as having three dimensions: socio-economic-environmental sustainability. However, energy is central to attaining these tenets in the UN-SDG.
View Article and Find Full Text PDFThe pursuit of a green transformation agenda in China is an important aspect of achieving sustainable development. The role played by green financial development efficiency (GFDE) in this pursuit cannot be overlooked. This paper explored the impact of GFDE on China's green transformation agenda and its contributions toward sustainable development.
View Article and Find Full Text PDF