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Prof. Magdalena Ziolo
University of Szczecin, Institute of Economics and Finance

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Research Keywords & Expertise

0 Sustainable Finance
0 sustainable financial systems
0 ESG risk
0 sustainable financial markets
0 sustainable business models

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ESG risk
sustainable business models
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sustainable financial systems

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Short Biography

Magdalena Ziolo is Associate Professor, Ph.D. hab. at the University of Szczecin, Poland. She graduated from the University of Szczecin (Master's degree in Management and Marketing) and completed three years of doctoral studies. Her research and teaching scopes of interest are finance and banking, especially sustainable finance and green banking, sustainable development, public finance. She has received scholarships from the Dekaban-Liddle Foundation (University of Glasgow, Scotland, 2013), Impakt Erasmus + (Ulan Bator, Mongolia, 2017) and CEEPUS (University of Prishtina, Kosovo, 2015–2018). In 2015 her paper (co-author) won the Best Paper Award in the Financial Safety Conference organized in Warsaw by the Social Academy of Science. She is an international member of the State Quality Council, Kosovo (2018–2023). She serves as a reviewer for several national and international publications and regularly attends international scientific conferences in her fields of research. Her scientific achievements encompass more than 100 reviewed papers, including academic books (editor, author or co-author).

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Journal article
Published: 01 July 2021 in Energies
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The energy transformation towards renewable energy sources in the conditions of climate change and the accompanying climate risk is a priority for all countries in the world. However, the degree of advancement of activities in this area varies significantly between countries, which is the result of different activities for renewable energy sources in individual countries. The aim of this article is to determine the trends of changes in the area of the use of renewable energy sources in EU countries. The study uses TMD (taxonomic measure of development) methods and dynamic classification, which allowed to distinguish typological groups of objects with similar dynamics of the studied phenomenon. The EU 28 countries were analyzed. Statistics (Eurostat database) are provided for the period 2004–2019. As a result of the research, it was found that the Scandinavian countries and the countries of Western Europe were characterized by the highest stability in terms of the use of renewable energy sources over time. These countries also recorded the smallest increases in TMD. On the other hand, the unfavorable situation in terms of stability was observed mainly in the countries of Southern Europe.

ACS Style

Iwona Bąk; Anna Spoz; Magdalena Zioło; Marek Dylewski. Dynamic Analysis of the Similarity of Objects in Research on the Use of Renewable Energy Resources in European Union Countries. Energies 2021, 14, 3952 .

AMA Style

Iwona Bąk, Anna Spoz, Magdalena Zioło, Marek Dylewski. Dynamic Analysis of the Similarity of Objects in Research on the Use of Renewable Energy Resources in European Union Countries. Energies. 2021; 14 (13):3952.

Chicago/Turabian Style

Iwona Bąk; Anna Spoz; Magdalena Zioło; Marek Dylewski. 2021. "Dynamic Analysis of the Similarity of Objects in Research on the Use of Renewable Energy Resources in European Union Countries." Energies 14, no. 13: 3952.

Journal article
Published: 24 June 2021 in Energies
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The rapid growth of aviation over the past fifty years has resulted in numerous negative environmental impacts due to the combustion of fossil fuels in aircraft engines. This paper presents the relationship between air transport and GHG emissions. Based on data on the development of aviation, the level of GHG emissions from transport, environmental tax revenues and the amount of GDP per capita in the countries of the European Union, an attempt was made to create a typification that would illustrate the interaction of GHG emissions with air transport, environmental taxes and GDP in the years 2009–2018. The next step to confirm the obtained results was the application of statistical methods: the TOPSIS (Technique for Order of Preference by Similarity to Ideal Solution) method of linear ordering and the Perkal index. Based on the study findings, the analyzed countries were divided into three groups: the group of innovators, the stable group and the group of students. The analysis revealed the relationship of all three analyzed variables with air transport. The development of the aviation sector leads to a significant increase in GHG emissions from transport, increased revenues from environmental taxes and acceleration of the rate of economic growth of a country.

ACS Style

Piotr Niedzielski; Magdalena Zioło; Jarosław Kozuba; Ewa Kuzionko-Ochrymiuk; Natalia Drop. Analysis of the Relationship of the Degree of Aviation Sector Development with Greenhouse Gas Emissions and Measures of Economic Development in the European Union Countries. Energies 2021, 14, 3801 .

AMA Style

Piotr Niedzielski, Magdalena Zioło, Jarosław Kozuba, Ewa Kuzionko-Ochrymiuk, Natalia Drop. Analysis of the Relationship of the Degree of Aviation Sector Development with Greenhouse Gas Emissions and Measures of Economic Development in the European Union Countries. Energies. 2021; 14 (13):3801.

Chicago/Turabian Style

Piotr Niedzielski; Magdalena Zioło; Jarosław Kozuba; Ewa Kuzionko-Ochrymiuk; Natalia Drop. 2021. "Analysis of the Relationship of the Degree of Aviation Sector Development with Greenhouse Gas Emissions and Measures of Economic Development in the European Union Countries." Energies 14, no. 13: 3801.

Chapter
Published: 22 May 2021 in Palgrave Studies in Impact Finance
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The ESG risk has particular relevance to banks. The ESG risk can influence a bank’s financial performance. Several banks incorporated the ESG factors in the decision-making process and to adapt their business models toward sustainability. The aim of the chapter is to find out what ESG (environmental, social, and corporate governance) factors have been incorporated by banks in the risk assessment process? in this context to discuss sustainable business models archetypes in banking sector and identify challenges and prospects banks face designing their business models toward sustainability and sustainable value creation.

ACS Style

Magdalena Ziolo; Beata Zofia Filipiak; Blanka Tundys. Business Models of Banks Toward Sustainability and ESG Risk. Palgrave Studies in Impact Finance 2021, 185 -209.

AMA Style

Magdalena Ziolo, Beata Zofia Filipiak, Blanka Tundys. Business Models of Banks Toward Sustainability and ESG Risk. Palgrave Studies in Impact Finance. 2021; ():185-209.

Chicago/Turabian Style

Magdalena Ziolo; Beata Zofia Filipiak; Blanka Tundys. 2021. "Business Models of Banks Toward Sustainability and ESG Risk." Palgrave Studies in Impact Finance , no. : 185-209.

Chapter
Published: 22 May 2021 in Palgrave Studies in Impact Finance
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CSR is a strategy implemented by enterprises and supply chains, and its perspectives vary from different point of view of stakeholders. There is no doubt that a CSR strategy is not only benefits, but also costs, risks, and specific barriers that need to be overcome to implement it. The purpose of this chapter is to identify the elements of benefits as well as costs that the above strategy brings to different beneficiaries, as well as to identify development trends and their impact on the creation of added value for organizations and their supply chains. The chapter will define the value that social aspects can bring to organizations, as well as present key drivers in the implementation of CSR in innovative business models.

ACS Style

Magdalena Ziolo; Beata Zofia Filipiak; Blanka Tundys. Corporate Social Responsibility and Sustainable Value Creation. Palgrave Studies in Impact Finance 2021, 67 -110.

AMA Style

Magdalena Ziolo, Beata Zofia Filipiak, Blanka Tundys. Corporate Social Responsibility and Sustainable Value Creation. Palgrave Studies in Impact Finance. 2021; ():67-110.

Chicago/Turabian Style

Magdalena Ziolo; Beata Zofia Filipiak; Blanka Tundys. 2021. "Corporate Social Responsibility and Sustainable Value Creation." Palgrave Studies in Impact Finance , no. : 67-110.

Chapter
Published: 22 May 2021 in Palgrave Studies in Impact Finance
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As the impact of sustainable development on the world’s future is better understood, each industry is encouraged to find a solution for sustainability in its own field. We want to show why the sustainability approach is important for building business models. We will seek answers that banks will gain by including a sustainability factor in their business models. We will not only analyze how to effectively build business models in banks, or we’ll analyze the approach to redefining them based on risk factors. We want to show how banks should approach the construction of their business models taking into account their internal specificity, creating original values, the factor of social responsibility, but also ESG risk factors. We also want to consider how to approach business model design so that they are effective both in the face of the economic crisis and the experience of the COVID-19 pandemic. The end result of this chapter will be to answer the question of the differences in designing business model canvases and how to approach sustainable business models.

ACS Style

Magdalena Ziolo; Beata Zofia Filipiak; Blanka Tundys. Sustainability Impact on Business Models. Palgrave Studies in Impact Finance 2021, 5 -39.

AMA Style

Magdalena Ziolo, Beata Zofia Filipiak, Blanka Tundys. Sustainability Impact on Business Models. Palgrave Studies in Impact Finance. 2021; ():5-39.

Chicago/Turabian Style

Magdalena Ziolo; Beata Zofia Filipiak; Blanka Tundys. 2021. "Sustainability Impact on Business Models." Palgrave Studies in Impact Finance , no. : 5-39.

Chapter
Published: 22 May 2021 in Palgrave Studies in Impact Finance
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The main purpose of this study is to present a strategic approach that can contribute to the sustainability of companies at destinations using the sustainable business strategies of banks. Therefore, the chapter presents the motives of banks in the direction of sustainability and indicates the role of banks in changing the current factors of choosing a bank and business based on the sustainability factor. The chapter recognizes the significant role of central banks as financial institutions changing commercial bank policy toward sustainability. In the chapter present directions of changes in the attitudes of central banks in strengthening sustainability, so that the policy of stabilizing the economy and finance has been effective so far. The chapter is organized as follows: the first section describes corporate motives for sustainability, the second section discusses the roles of financial sector in sustainable development, the third section demonstrates the role of central banks in enhancing sustainability and the last section describes green banks policy in company’s sector.

ACS Style

Magdalena Ziolo; Beata Zofia Filipiak; Blanka Tundys. Role of Banks in Ensuring Sustainability in Companies Sector. Palgrave Studies in Impact Finance 2021, 111 -145.

AMA Style

Magdalena Ziolo, Beata Zofia Filipiak, Blanka Tundys. Role of Banks in Ensuring Sustainability in Companies Sector. Palgrave Studies in Impact Finance. 2021; ():111-145.

Chicago/Turabian Style

Magdalena Ziolo; Beata Zofia Filipiak; Blanka Tundys. 2021. "Role of Banks in Ensuring Sustainability in Companies Sector." Palgrave Studies in Impact Finance , no. : 111-145.

Chapter
Published: 22 May 2021 in Palgrave Studies in Impact Finance
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The chapter aims to address the restrictions that banking regulations on risk would affect the ability for the integration of banking ESG to meld better with corporate ESG goals. The chapter is going to discuss and put a special stress on: Directives of the European Parliament linked to sustainable finance (among others 2019/2088, 2016/1011, 2019/2089, 2017/828, 2014/95/UE), The Equator Principles, United Nations Environment Programme Finance Initiative, Collevecchio Declaration, European Union Action plan for sustainable finance, EU taxonomy for sustainable activities, and others related to sustainable reporting, PRI, solvency, Basel.

ACS Style

Magdalena Ziolo; Beata Zofia Filipiak; Blanka Tundys. Banking Regulations on Financial and Non-financial Risk. Palgrave Studies in Impact Finance 2021, 41 -65.

AMA Style

Magdalena Ziolo, Beata Zofia Filipiak, Blanka Tundys. Banking Regulations on Financial and Non-financial Risk. Palgrave Studies in Impact Finance. 2021; ():41-65.

Chicago/Turabian Style

Magdalena Ziolo; Beata Zofia Filipiak; Blanka Tundys. 2021. "Banking Regulations on Financial and Non-financial Risk." Palgrave Studies in Impact Finance , no. : 41-65.

Chapter
Published: 22 May 2021 in Palgrave Studies in Impact Finance
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Enterprises are looking for new business strategies, and one of the observed trends is the implementation of aspects of sustainable development and its elements into business management as well as supporting the pursuit of a circular economy. The aim of the considerations is to address and present the main assumptions of circular and sustainable business models, including the indication of critical success factors, barriers, and their drivers. An important part of the chapter is to define and characterize innovations based on sustainable value. The chapter ends with a discussion on the application and development of sustainable business models in economic practice and the indication of recommendations and further directions of development of this trend. Sustainable business models are a challenge, not only for managers of organizations, but also for employees, supply chains, and business financing institutions. By definition, the principles of sustainable development must be implemented in the organization’s strategy. The chapter indicates definitions, areas, and bases supporting the creation of sustainable business models. An important element is also the indication of drivers supporting the implementation of this innovative concept. The assessment tools and archetypes of the functioning and implementation of sustainable business models were also found in the literature. The presented considerations are helpful elements, both in creating and assessing already existing business models based on the principles of sustainable development.

ACS Style

Magdalena Ziolo; Beata Zofia Filipiak; Blanka Tundys. Sustainable Business Models of Companies. Palgrave Studies in Impact Finance 2021, 147 -184.

AMA Style

Magdalena Ziolo, Beata Zofia Filipiak, Blanka Tundys. Sustainable Business Models of Companies. Palgrave Studies in Impact Finance. 2021; ():147-184.

Chicago/Turabian Style

Magdalena Ziolo; Beata Zofia Filipiak; Blanka Tundys. 2021. "Sustainable Business Models of Companies." Palgrave Studies in Impact Finance , no. : 147-184.

Chapter
Published: 22 May 2021 in Palgrave Studies in Impact Finance
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The chapter searches for interdependencies between business models of banks and companies. The goal of the chapter is to identify the impact of banks on sustainable value creation in companies’ business models and diagnose the relationships. The aim of the considerations will be to indicate how business process mapping, using IT tools, can support the bank industry and companies and what impact this has on the creation of new business models. Mapping of processes should show what kind of actions and actions should be taken to prevent and assessment risks. We also want to show what effects the change of approach in this respect can bring from both the banks’ and enterprises’ point of view.

ACS Style

Magdalena Ziolo; Beata Zofia Filipiak; Blanka Tundys. Relationships Between Banks’ and Companies’ Sustainable Business Models. Palgrave Studies in Impact Finance 2021, 211 -265.

AMA Style

Magdalena Ziolo, Beata Zofia Filipiak, Blanka Tundys. Relationships Between Banks’ and Companies’ Sustainable Business Models. Palgrave Studies in Impact Finance. 2021; ():211-265.

Chicago/Turabian Style

Magdalena Ziolo; Beata Zofia Filipiak; Blanka Tundys. 2021. "Relationships Between Banks’ and Companies’ Sustainable Business Models." Palgrave Studies in Impact Finance , no. : 211-265.

Chapter
Published: 22 May 2021 in Palgrave Studies in Impact Finance
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ESG risk and sustainability are gaining increased importance, especially in light of COVID-19. Finance continues to be a driver for sustainability, and recent regulations have forced banks and companies to transform their business models toward sustainability. The sustainable business models of banks and companies have so far been discussed separately, but this book looks to combine them by answering the following questions: Do banks impact corporate sustainability? How do banks impact company business models? How do banks and companies create sustainable value? How do banks impact company ESG risk?

ACS Style

Magdalena Ziolo; Beata Zofia Filipiak; Blanka Tundys. Introduction. Palgrave Studies in Impact Finance 2021, 1 -4.

AMA Style

Magdalena Ziolo, Beata Zofia Filipiak, Blanka Tundys. Introduction. Palgrave Studies in Impact Finance. 2021; ():1-4.

Chicago/Turabian Style

Magdalena Ziolo; Beata Zofia Filipiak; Blanka Tundys. 2021. "Introduction." Palgrave Studies in Impact Finance , no. : 1-4.

Journal article
Published: 11 April 2021 in Energies
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One of the key challenges for climate policies is the identification of strategies that will effectively support the implementation of environmental goals. Environmental policies are connected with other development policies carried out by governments. In order to comprehensively shape environmental policy, it is important to understand the interactions between sustainable development goals (SDGs) as well as their impact on environmental goals. Employing econometric modeling based on the least absolute shrinkage and selection operator (Lasso) method and full-factorial analysis, the authors identify a number of statistically significant relationships between the implementation of sustainable development goals and the environmental variable represented by greenhouse gas emissions. Analysis reveals that implementation of particular sustainable development goals, namely SDG4 (Ensure inclusive and equitable quality education and promote lifelong learning opportunities) and SDG17 (Strengthen the means of implementation and revitalize the global partnership for sustainable development), explicitly facilitate the achievement of environmental policies. In addition, other SDGs exert an indirect influence on environmental goals through their reinforcing interactions with SDG4 and SDG17 variables. These are: SDG1 (End poverty), SDG3 (Ensure healthy lives and promote well-being), SDG8 (Promote sustained, inclusive and sustainable economic growth, and productive employment) and SDG15 (Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests and halt biodiversity loss). These findings have important implications for proper identification of effective government policy instruments which indirectly support the achievement of environmental goals.

ACS Style

Krzysztof Kluza; Magdalena Zioło; Iwona Bąk; Anna Spoz. Achieving Environmental Policy Objectives through the Implementation of Sustainable Development Goals. The Case for European Union Countries. Energies 2021, 14, 2129 .

AMA Style

Krzysztof Kluza, Magdalena Zioło, Iwona Bąk, Anna Spoz. Achieving Environmental Policy Objectives through the Implementation of Sustainable Development Goals. The Case for European Union Countries. Energies. 2021; 14 (8):2129.

Chicago/Turabian Style

Krzysztof Kluza; Magdalena Zioło; Iwona Bąk; Anna Spoz. 2021. "Achieving Environmental Policy Objectives through the Implementation of Sustainable Development Goals. The Case for European Union Countries." Energies 14, no. 8: 2129.

Review article
Published: 09 April 2021 in Journal of Cleaner Production
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The article summarizes the state of knowledge in the field of factors affecting sustainable business models of enterprises, with particular emphasis on non-financial factors, ESG (environmental, social, governance) and innovation. Research results published in over 72 articles were analyzed. The article uses meta-analysis, the least absolute shrinkage and selection operator method and logistic regression in order to analyze the results of the research in an international context (Asia, America, Africa, Europe), and finally focuses on an in-depth analysis of the experiences of European countries. We found that innovations affect sustainable business models in an unambiguously positive way generally for every country. In addition, there is moderately strong evidence that cultivating social capital affects sustainable business models in a positive way. The limitation and challenge of this study was to include environmental, social and governance factors in the analysis, in particular their standardization and categorization. The applied research approach and methodology allowed these difficulties to be overcome.

ACS Style

Krzysztof Kluza; Magdalena Ziolo; Anna Spoz. Innovation and environmental, social, and governance factors influencing sustainable business models - Meta-analysis. Journal of Cleaner Production 2021, 303, 127015 .

AMA Style

Krzysztof Kluza, Magdalena Ziolo, Anna Spoz. Innovation and environmental, social, and governance factors influencing sustainable business models - Meta-analysis. Journal of Cleaner Production. 2021; 303 ():127015.

Chicago/Turabian Style

Krzysztof Kluza; Magdalena Ziolo; Anna Spoz. 2021. "Innovation and environmental, social, and governance factors influencing sustainable business models - Meta-analysis." Journal of Cleaner Production 303, no. : 127015.

Journal article
Published: 03 December 2020 in Technological and Economic Development of Economy
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The World Bank and International Monetary Fund reported that the achievement of the 17 Sustainable Development Goals (SDGs) requires an escalation of development finance. The report Scaling Finance for the Sustainable Development Goals highlighted the urgency of the efforts to realize SDGs in encouraging financial innovation to move quickly. Even if the role of finance in achieving SDGs is unquestionable, few scientific studies have addressed these issues. We tried to fill the existing research gap. In this study, we examined the link between sustainable finance and SDGs based on European Union countries belonging to the OECD. We present a new and the original research approach. We assumed that the sustainable finance model plays a fundamental role in implementing SDGs (all SDGs were analysed except for SDG 6 and SDG14, due to lack of statistics were not analysed) and ensuring that social and environmental sustainability are reflected in SDGs. The results of this study show that the more sustainable the finance model, the better the achievement of SDGs in the group of analysed countries. We found a strong link between sustainable finance model and social sustainability (SDG1, 3, 4, 5, 10, 16); environmental sustainability (SDG11, 12, 13, 15) and economic sustainability (SDG8, 9, 17).

ACS Style

Magdalena Ziolo; Iwona Bak; Katarzyna Cheba. THE ROLE OF SUSTAINABLE FINANCE IN ACHIEVING SUSTAINABLE DEVELOPMENT GOALS: DOES IT WORK? Technological and Economic Development of Economy 2020, 27, 45 -70.

AMA Style

Magdalena Ziolo, Iwona Bak, Katarzyna Cheba. THE ROLE OF SUSTAINABLE FINANCE IN ACHIEVING SUSTAINABLE DEVELOPMENT GOALS: DOES IT WORK? Technological and Economic Development of Economy. 2020; 27 (1):45-70.

Chicago/Turabian Style

Magdalena Ziolo; Iwona Bak; Katarzyna Cheba. 2020. "THE ROLE OF SUSTAINABLE FINANCE IN ACHIEVING SUSTAINABLE DEVELOPMENT GOALS: DOES IT WORK?" Technological and Economic Development of Economy 27, no. 1: 45-70.

Journal article
Published: 12 November 2020 in Energies
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The growing risk of climate change caused by the emission of greenhouse gases poses new challenges to contemporary countries. The development of economies is usually related to increasing levels of greenhouse gas emissions. Therefore, the question arises whether it is possible to achieve sustainable economic and financial development and simultaneously reduce greenhouse gas emissions. This paper assumes it is possible if energy efficiency is increased. The aim of the paper is to show the link between energy efficiency and sustainable economic and financial development in Organisation for Economic Co-operation and Development (OECD) countries for the period 2000–2018 by using data envelopment analysis (DEA) and regression analysis. The results show a slight upward trend of total factor energy efficiency (TFEE) in OECD countries for the analysed period; however, there is a difference in TFEE levels. Developed OECD countries have higher TFEE levels than developing OECD countries. The links between total factor energy efficiency and sustainable economic and financial development reveal different impacts depending on the variables taken into consideration.

ACS Style

Magdalena Ziolo; Sandra Jednak; Gordana Savić; Dragana Kragulj. Link between Energy Efficiency and Sustainable Economic and Financial Development in OECD Countries. Energies 2020, 13, 5898 .

AMA Style

Magdalena Ziolo, Sandra Jednak, Gordana Savić, Dragana Kragulj. Link between Energy Efficiency and Sustainable Economic and Financial Development in OECD Countries. Energies. 2020; 13 (22):5898.

Chicago/Turabian Style

Magdalena Ziolo; Sandra Jednak; Gordana Savić; Dragana Kragulj. 2020. "Link between Energy Efficiency and Sustainable Economic and Financial Development in OECD Countries." Energies 13, no. 22: 5898.

Journal article
Published: 01 September 2020 in Scientific Journal of Silesian University of Technology. Series Transport
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ACS Style

Piotr Niedzielski; Magdalena Zioło; Krzysztof Dyl. WHOLESALE TARIFFS IN TRANSPORT AS A TOOL FOR INNOVATION IN THE AREA OF TARIFF AND TICKET INTEGRATION OF RAIL CARRIERS. Scientific Journal of Silesian University of Technology. Series Transport 2020, 108, 183 -199.

AMA Style

Piotr Niedzielski, Magdalena Zioło, Krzysztof Dyl. WHOLESALE TARIFFS IN TRANSPORT AS A TOOL FOR INNOVATION IN THE AREA OF TARIFF AND TICKET INTEGRATION OF RAIL CARRIERS. Scientific Journal of Silesian University of Technology. Series Transport. 2020; 108 ():183-199.

Chicago/Turabian Style

Piotr Niedzielski; Magdalena Zioło; Krzysztof Dyl. 2020. "WHOLESALE TARIFFS IN TRANSPORT AS A TOOL FOR INNOVATION IN THE AREA OF TARIFF AND TICKET INTEGRATION OF RAIL CARRIERS." Scientific Journal of Silesian University of Technology. Series Transport 108, no. : 183-199.

Case report
Published: 19 June 2020 in International Journal of Environmental Research and Public Health
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Environmental risks, in particular climate change and environmental pollution, are among the key challenges faced by modern governments nowadays. Environmental risks are associated with specific costs and expenditures necessary to mitigate their negative effects. In this context, the financial system plays a significant role, particularly the public financial system, which allocates and redistributes public resources and has an impact on market participants by imposing environmental taxes. This study assessed the interdependence between environmental degradation and public expenditure, financial sector development, environmental taxes, and related socioeconomic policies. The aim was to diagnose and define the relationship between environmental degradation and sustainable fiscal instruments used in the financial system. The original research approach adopted in the study is the inclusion of variables representing a sustainable approach to assessment of the financial system. Two groups of European Union countries were analyzed for the period 2008–2017, namely, converging economies from Central and Eastern Europe and the largest developed economies of Western Europe. The authors found a strong relationship between greenhouse gas emissions and fiscal instruments, especially expenditure on research and development, and the development of the financial sector. In the case of environmental taxes, their impact differed depending on the country, being predominantly beneficial in countries with higher greenhouse gas emissions but unfavorable in countries with lower emissions levels.

ACS Style

Magdalena Zioło; Krzysztof Kluza; Jarosław Kozuba; Miroslav Kelemen; Piotr Niedzielski; Paweł Zinczak. Patterns of Interdependence between Financial Development, Fiscal Instruments, and Environmental Degradation in Developed and Converging EU Countries. International Journal of Environmental Research and Public Health 2020, 17, 1 .

AMA Style

Magdalena Zioło, Krzysztof Kluza, Jarosław Kozuba, Miroslav Kelemen, Piotr Niedzielski, Paweł Zinczak. Patterns of Interdependence between Financial Development, Fiscal Instruments, and Environmental Degradation in Developed and Converging EU Countries. International Journal of Environmental Research and Public Health. 2020; 17 (12):1.

Chicago/Turabian Style

Magdalena Zioło; Krzysztof Kluza; Jarosław Kozuba; Miroslav Kelemen; Piotr Niedzielski; Paweł Zinczak. 2020. "Patterns of Interdependence between Financial Development, Fiscal Instruments, and Environmental Degradation in Developed and Converging EU Countries." International Journal of Environmental Research and Public Health 17, no. 12: 1.

Conference paper
Published: 05 February 2020 in Sustainable Transport Development, Innovation and Technology
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Sustainable business and investments are gaining widespread attention in recent years. Institutional investors and companies are undertaking measures to integrate sustainability in their business operations. In fact, modern tools and techniques are being constructed and implemented to conduct ESG analysis and integrate ESG factors in their portfolios. However, the pertinent role of investment bankers who assists institutional investors through their advisory services cannot be undermined. The present study attempts to comprehend the level of ESG awareness and perception of investment bankers. In addition, it attempts to comprehend the sustainability choices in the Indian market vis-a-vis the developed markets in Europe. The study entails an exploratory case study research methodology with qualitative analysis of data. Data is accrued through primary survey and secondary research conducted in contexts of India, Germany, Austria and Switzerland. The results of the study are indicative of the increasing recognition towards sustainability issues among Indian investment bankers, subjected to limited availability of sustainability choices in the financial market. Conversely, innovative investment choices such as structured bonds, mandates and investment products have gained recognition in the west. The stated recommendations in this paper are expected to be immensely beneficial for policy makers, institutional investors, investment bankers and companies.

ACS Style

Ria Sinha; Manipadma Datta; Magdalena Zioło. ESG Awareness and Perception in Sustainable Business Decisions: Perspectives of Indian Investment Bankers vis-à-vis Selected European Financial Counterparts. Sustainable Transport Development, Innovation and Technology 2020, 261 -276.

AMA Style

Ria Sinha, Manipadma Datta, Magdalena Zioło. ESG Awareness and Perception in Sustainable Business Decisions: Perspectives of Indian Investment Bankers vis-à-vis Selected European Financial Counterparts. Sustainable Transport Development, Innovation and Technology. 2020; ():261-276.

Chicago/Turabian Style

Ria Sinha; Manipadma Datta; Magdalena Zioło. 2020. "ESG Awareness and Perception in Sustainable Business Decisions: Perspectives of Indian Investment Bankers vis-à-vis Selected European Financial Counterparts." Sustainable Transport Development, Innovation and Technology , no. : 261-276.

Journal article
Published: 01 January 2020 in Optimum Economic Studies
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ACS Style

Piotr Niedzielski; Magdalena Zioło; Bartosz Oliwa; Paweł Zińczak; Narodowy Bank Polski. Smart-lab as an example of the incubation and acceleration platform for start-ups – challenges and barriers. Optimum Economic Studies 2020, 60 -73.

AMA Style

Piotr Niedzielski, Magdalena Zioło, Bartosz Oliwa, Paweł Zińczak, Narodowy Bank Polski. Smart-lab as an example of the incubation and acceleration platform for start-ups – challenges and barriers. Optimum Economic Studies. 2020; (1(99)):60-73.

Chicago/Turabian Style

Piotr Niedzielski; Magdalena Zioło; Bartosz Oliwa; Paweł Zińczak; Narodowy Bank Polski. 2020. "Smart-lab as an example of the incubation and acceleration platform for start-ups – challenges and barriers." Optimum Economic Studies , no. 1(99): 60-73.

Journal article
Published: 01 January 2020 in Procedia Computer Science
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Finance and financial markets are the engine of sustainability. Financial institutions are one of the main channels influencing entrepreneurs. By determining the conditions of access to financial services, the financial market affects the decisions and attitudes of entrepreneurs, including their business models. The purpose of this article is to diagnose whether (and to what extent) banks affect the decisions and business models of enterprises. The research material is based on data obtained by survey, supplemented by in-depth interviews with 60 Polish enterprises operating in ESG-sensitive sectors. The study uses correspondence analysis, a method of multivariate analysis. The results of the study indicate that financial institutions have an impact on enterprises that have a business model and such enterprises declare their will to co-operate with the bank and to implement the ESG risk reduction measures recommended by the banks. On the other hand, enterprises that do not have developed business models do not succumb to the bank’s influence and co-operation with the bank is limited to a minimum; usually considering only account keeping and monetary settlements related to it.

ACS Style

Magdalena Zioło; Iwona Bąk; Katarzyna Cheba; Anna Spoz. The relationship between banks and company business models - sustainability context. Procedia Computer Science 2020, 176, 1507 -1516.

AMA Style

Magdalena Zioło, Iwona Bąk, Katarzyna Cheba, Anna Spoz. The relationship between banks and company business models - sustainability context. Procedia Computer Science. 2020; 176 ():1507-1516.

Chicago/Turabian Style

Magdalena Zioło; Iwona Bąk; Katarzyna Cheba; Anna Spoz. 2020. "The relationship between banks and company business models - sustainability context." Procedia Computer Science 176, no. : 1507-1516.

Journal article
Published: 27 November 2019 in Energies
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Several studies have examined the relationship between environmental performance and economic development. However, most of them did not take sustainable development and financial development into account. The study argues that sustainable financial and economic development contributes to reducing greenhouse gas emissions. We use the panel data regression model to capture the relationship between greenhouse gas emission and sustainable economic and financial development. The panel data refers to the period of 2007–2017. The EU 25 countries were analysed. The results show that the relationship between sustainable financial development and environmental degradation is more relevant for converging economies than developed countries. We found that the variable “energy productivity” has the strongest impact on greenhouse gas emissions for both country groups (converging and developed); however, it increases for developed countries and it decreases the greenhouse gas emissions for converging economies. We also found that environmental taxes are an efficient instrument that mitigates greenhouse gas emissions, especially in developed countries group.

ACS Style

Magdalena Ziolo; Krzysztof Kluza; Anna Spoz. Impact of Sustainable Financial and Economic Development on Greenhouse Gas Emission in the Developed and Converging Economies. Energies 2019, 12, 4514 .

AMA Style

Magdalena Ziolo, Krzysztof Kluza, Anna Spoz. Impact of Sustainable Financial and Economic Development on Greenhouse Gas Emission in the Developed and Converging Economies. Energies. 2019; 12 (23):4514.

Chicago/Turabian Style

Magdalena Ziolo; Krzysztof Kluza; Anna Spoz. 2019. "Impact of Sustainable Financial and Economic Development on Greenhouse Gas Emission in the Developed and Converging Economies." Energies 12, no. 23: 4514.