Financial markets still provide financing on a large scale for investments in environmentally harmful activities, while projects conducive to the green transformation are often not funded. Sustainable finance policies, such as new reporting requirements and standards for sustainable financial...

Many emerging economies seek to lower carbon intensity while remaining heavily dependent on fossil fuels. This paper examines how sustainable finance, eco-innovation, and the energy mix shape Tunisia's low-carbon transition. We use quarterly data for 2000-2023 and an econometric...

Green FinTech involves facilitating sustainable payments, banking, and investment; nevertheless, it is subject to consumer trust and perceptions of 'green' value. The literature on this topic is fragmented, with information systems literature typically considering trust as a broad acceptance...

This publication analyses the advantages and disadvantages of carbon credits compared to other financing instruments for protecting and restoring coastal ecosystems. Nine instruments are examined, including emission credits, biodiversity certificates, development cooperation, and blue bonds....

Donald Trump's re-election and renewed exit from the Paris Agreement marked a deterioration in the US green bond market. Using a difference-in-differences approach, we estimate a 4.4-6.0 percentage point drop in issuance probability and a USD 20-28 million decline in monthly green-issuance...

The circular economy (CE) is increasingly recognized as a financially material dimension of corporate sustainability, complementing and in some respects surpassing traditional Environmental, Social, and Governance (ESG) metrics. Building on prior evidence of a negative relationship between...

We study how different ways of incorporating environmental, social, and governance (ESG) objectives into mean–variance portfolio choice affect diversification. A commonly used linear ESG adjustment tilts portfolios toward high-scoring assets but, under standard long-only constraints,...

This study examines the relationship between green finance and environmental sustainability in Nepal from 1990 to 2023. Constructing the index for financial development by using Principal Component Analysis (PCA), the relationship is explored using Auto-Regressive Distributed Lag (ARDL) followed...

This study, focused on sustainable finance and management accounting, explores the analytical triad of vsCHA (Value and Supply Chain Analysis), COA (Cost Analysis), and CIA (Continuous Improvement Analysis), examining their interactions and their impact on firm sustainability. Data were...

The COVID-19 pandemic exposed systemic vulnerabilities in financial markets and raised pressing questions regarding the resilience of technology and entrepreneurship under shock. This study investigates whether two innovation-intensive sectors, technology and pharmaceuticals, exhibited...

This paper presents a systematic review of Tunisian stakeholders' perceptions of integrating gender into green microfinance business models, analyzed through the lens of the Business Model Canvas (BMC). This systematic review of 32 studies indicates a dual perception of women as both vulnerable...

We provide empirical evidence that the pricing of green bonds tends to be highly sophisticated and based on a two-tiered approach. When buying a green bond, investors do not look only at the presence of a green label, but also consider additional characteristics of the bond that involve the...

Donald Trump's re-election and renewed exit from the Paris Agreement marked a deterioration in the US green bond market. Using a difference-in-differences approach, we estimate a 4.4-6.0 percentage point drop in issuance probability and a USD 20-28 million decline in monthly green-issuance...

This study investigates the financial and strategic implications of ESG implementation in the hotel sector, focusing on cost structures, stakeholder engagement, and risk-related outcomes. Empirical evidence remains limited in tourism-intensive economies, particularly regarding operational...

Um die komplexen Herausforderungen des Klimawandels zu verstehen, reicht naturwissenschaftliches Wissen allein nicht aus: Ökonomische Analysen sind entscheidend, um Ursachen, Wirkungen und Lösungsansätze zu bewerten. In diesem Occasional Paper werden die Ergebnisse einer zehnteiligen...

Using a quantile-frequency connectedness framework, this study analyzes the regime-contingent and horizon-specific transmission of shocks among AI assets, FinTech markets, and Blue Economy financial instruments. The empirical results reveal a distinctly asymmetric connectedness structure,...

The circular economy (CE) is increasingly recognized as a financially material dimension of corporate sustainability, complementing and in some respects surpassing traditional Environmental, Social, and Governance (ESG) metrics. Building on prior evidence of a negative relationship between...

Sustainable digital finance: Where we are now and where we need to be -- The role of blockchain and governance in Africa´s economic development -- Sustainable digital finance in central banking -- Why financial access isn´t enough -- Rebound effect and sustainable digital finance --...

Green finance is significant since it is the first organized effort by the financial industry to link financial performance with a positive environmental impact. Green finance products are being developed appropriately to achieve sustainability. The present study employs a fundamental...

This study evaluates the credit risk of sustainable loans in a preferential capital requirement programme. We utilise loanlevel data from a uniquely implemented programme from Hungary, applying logistic regressions and survival analysis techniques. We observe a significantly reduced credit risk...

The greening of the European economy will require large amounts of capital to flow into green projects. As the public sector alone will not be able to achieve this, European capital markets and the European banking system will play an important role in financ- ing the green transition. In this...

The choice between short- and long-term debt impacts a firm's financial flexibility and its capacity for sustainable investment. This study examines how Initial Public Offerings (IPOs) and main bank relationships shape debt maturity structures, focusing on Japanese firms listed on the Tokyo...