Purpose: The discourse aimed to investigate green finance practices under the assumptions of several notable climate advisors and speculators in Asia and particularly in Southeast Asia. The study intrigues by considering financial specialists to vent government spending on green restoration plans leading toward green bankable venture openings for the public and private sector. This section distinguishes a few of the green fund components and approaches that can be joined by national and neighborhood governments, essentially in Southeast Asia, into their post-COVID-19 techniques, but are too valuable inputs for domestic commercial banks and private corporates.Design/methodology/approach: It can be defined as a functional type for Cobb Douglas development. ARDL technology is a way of calculating complex forces at the classification level at long-term and short-term stages. This ARDL approach has many advantages and can be implemented when incorporated in level I (0) and level I first (1) with the original variable. Still, it offers robust ability to the outcomes and standardizes the lag, considering the number and sample size used. Pooled mean group (PMG) method is becoming a convenient technique for monitoring data over the period and a good approach for energy impact panels – growth ties for creating links between energy emissions and environmental sustainability and businesses in the nation.Findings: There is a positive partnership between creativity and a sustainable world. Corporations are recommended to uphold the principles of CSR in the development process by introducing environmentally friendly advanced technologies. The main objectives of corporate social responsibility (CSR) are economic growth, environmental sustainability and social justice. Several programs have been established to expand businesses' responsibilities to improve their confessions in sustainable growth. SMEs are a primary source of production of innovative products and technologies. The key concerns of stakeholders and politicians in the new competitive business climate are the protection of environmental sustainability and social responsibility, recognizing factors driving economic development for SMEs.Originality/value: During the COVID-19 era, the prime responsibility of pandemic confronting governments is to spend on help activities (that have been started in earlier phase) and recovery endeavors (yet to start in the situation). Therefore, the governments may devise policies to pool resources from commercial, private, public-private partnerships and other capital market sources. With rising hazard recognitions particularly emerging from at-threat income projections, governments ought to make the correct mechanisms and instruments that can perform this catalytic part of derisking and drawing in such capital. This too can be an opportunity for governments to enhance and execute such financial instruments that offer assistance, quicken their commitments to climate alter beneath the Paris Agreement and the sustainable development goals (SDGs), and thus “build back better” is being progressively voiced over the world.
14 April 2015 in Asia Pacific Journal of Tourism Research
The objective of this paper is to determine the mediation between tourism contribution and economic growth in the Greater Mekong Sub-region (GMS) (i.e. Cambodia, Laos, Myanmar, Thailand and Vietnam). The sample period is semi-annual data from 1995 to 2013 and is also estimated by bootstrap panel cointegration, Panel Fully Modified Ordinary Least Squares method and the Sobel test. The results show that the variables are cointegrated as three models; economic growth is running to tourism's total contribution to GDP and international tourism expenditure for passenger transport whereas international tourism expenditure for passenger transport is running to tourism's total contribution to GDP. Therefore, this study finds that international tourism expenditure for passenger transport is a mediator and has partial mediation. The GMS needs to develop every economic sector and improve the potential of the transport sector as a regional integration project which supports the sustainable development of the region.
This study investigates the causal relationship between capital investment in the tourism sector and international tourist arrivals to ASEAN countries. The study employs panel data which includes annual data from 10 countries over the period 1995 to 2016. The results reveal that between capital investment in the tourism sector and international tourist arrivals there is bi-directional long-run causality. ASEAN countries should increase the budget for the supporting tourism investment continuously and should target tourism promotion as an entire region.to attract international tourists to visit ASEAN and to encourage the expansion of tourism revenue.
23 January 2024 in International Journal of Innovative Research and Scientific Studies
The idea of supply chain finance (SCF), often called "working capital management", is to optimize the flow of funds across the entire supply chain in businesses, theoretically enhancing supply chain participants' efficiency. This study aims to investigate if the relationship between supply chain finance and firm performance is consistent across industry sectors. The sample includes businesses that were listed on the Stock Exchange of Thailand (SET) between 2016 and 2020. The study compared 64 firms in the agro-industry with 668 firms from all SET industries. The annual financial report (Form 56-1) and data from the SETSMART database were mined for source data. Though the multiple regression study found a substantial positive relationship between SCF and firm performance for the agro-industry, it was not consistent across all other industries. The results revealed a significant positive relationship between SCF and firm performance. This research thus assists in understanding how companies listed on the SET manage their financial supply chains. The listed companies may apply the findings to improve their performance through effective working capital management. In addition, governmental agencies can use the results to develop policies that support effective financial supply chain management for all supply chain participants.