Sumedha Bhatnagar and Dipti Sharma
This study evaluates the performance of green finance and investment scenarios in 15 carbon emitting countries, among which 7 are developed countries and 8 are developing…
Abstract
This study evaluates the performance of green finance and investment scenarios in 15 carbon emitting countries, among which 7 are developed countries and 8 are developing countries. The principal component analysis is applied to form the global green financing (GF) and investment index, a composite indicator for assessing the multidimensional characteristics of GF and investment. The global green finance and investment index is developed to map the country’s overall GF and investing scenario. The indicator is developed on the basis of 30 variables that represent 11 quantitative factors. These factors are aggregated into four parameters: transparency, efficiency, efficacy and resilience. Transparency includes political stability and the development of the countries’ capital markets to adapt to the green transition. Efficiency consists of the performance of existing resources and regulatory conditions of the countries. Efficacy refers to the factors related to international engagement and the growth of specific financial instruments. Lastly, resilience includes factors that promote the adaptability of the countries towards a green economy and green financial system. It contains the regulatory structure of the country’s growth of macroeconomic variables. These variables represent social, economic, environmental and governance factors that influence the countries’ GF and investment scenario. The countries are ranked on the basis of the composite indicator score. The USA scored the highest rank, and India scored the least. In terms of developed countries, the USA has achieved the highest value, followed by Germany and in developing countries, China has scored the highest performance, followed by Mexico.
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Mahendra Yadav, Sumit Kumar and Dipti Sharma
The purpose of this investigation was to evaluate the protective ability of 2-amino-N-octadecylacetamide (AOA) and 2-amino-N-octadecyl-3-(4-hydroxyphenyl) propionamide (AOHP) as…
Abstract
Purpose
The purpose of this investigation was to evaluate the protective ability of 2-amino-N-octadecylacetamide (AOA) and 2-amino-N-octadecyl-3-(4-hydroxyphenyl) propionamide (AOHP) as corrosion inhibitors for N80 steel in 15 per cent hydrochloric acid (HCl), which may find application as eco-friendly corrosion inhibitors in acidizing processes in the petroleum industry. Due to scale plugging in the well bore, there can be a decline in the crude production rate, and an acidization operation has to be carried out, normally by using 15 per cent HCl to remove the scale plugging. To reduce the aggressive attack of HCl on tubing and casing materials (N80 steel), inhibitors are added to the acid solution during the acidifying process.
Design/methodology/approach
Different concentrations of the synthesized inhibitors AOA and AOHP were added to the test solution (15 per cent HCl), and the corrosion inhibition efficiencies of these inhibitors for N80 steel were calculated from weight loss determinations, potentiodynamic polarization scans and alternating current (AC) impedance measurements. The influence of temperature (298-323 K) on the inhibition behavior was studied. Surface examinations were performed by means of Fourier transform infrared spectra and scanning electron microscope.
Findings
AOA and AOHP at 150-ppm concentration showed a maximum efficiency of 90.04 and 94.97 per cent, respectively, at 298 K in 15 per cent HCl solution. Both the inhibitors acted as mixed corrosion inhibitors. The adsorption of the corrosion inhibitors at the surface of the N80 steel was the underlying mechanism of corrosion inhibition.
Originality/value
This paper reports the preliminary laboratory results of inhibitors AOA and AOHP for the corrosion prevention of N80 steel casings and tubulars exposed to HCl and may be of practical help to petroleum engineers for carrying out acidization in oil wells after further investigation of the compound at higher temperature.
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Nikhil Kumar Kanodia, Dipti Ranjan Mohapatra and Pratap Ranjan Jena
Economic literature highlights both positive and negative impact of FDI on economic growth. The purpose of this study is to confirm the relationship between various economic…
Abstract
Purpose
Economic literature highlights both positive and negative impact of FDI on economic growth. The purpose of this study is to confirm the relationship between various economic factors and FDI equity inflows and find out deviations, if any. This is investigated using standard time-series econometric models. The long and short run relationship is inquired with respect to market size, inflation rate, level of infrastructure, domestic investment and openness to trade. The choice of variables for Indian economy is purely based on empirical observations obtained from scientific literature review.
Design/methodology/approach
The study involves application of autoregressive distributive lag (ARDL) model to investigate the relationship. The long run co-integration between FDI and economic growth is tested by Pesaran ARDL model. The stationarity of data is tested by augmented Dickey Fuller test and Phillip–Perron unit root test. Error correction model is applied to study the short run relationship using Johansen’s vector error correction model method besides other tests.
Findings
The results show that the domestic investment, inflation rate, level of infrastructure and trade openness influence inward FDI flows. These factors have both long and short-term relationship with FDI inflows. However, market size is insignificant in influencing the foreign investments inflows. There lies an inverse relation between FDI and inflation rate.
Originality/value
To the best of the authors’ knowledge, the study is original. The methodology and interpretation of results are distinct and different from other similar studies.
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Sanjeet Kumar De, Priyanshi Kawdia, Dipti Gupta and Namita Pragya
This paper aims to explore the relationship between the various variables present in the packaging plastic waste management system in the cosmetics industry.
Abstract
Purpose
This paper aims to explore the relationship between the various variables present in the packaging plastic waste management system in the cosmetics industry.
Design/methodology/approach
In this paper, the authors deal with plastic packaging waste in the cosmetic industry with the help of system dynamics. The model broadly divides the system into six sections – Cosmetic Packaging, Waste Generation, Waste Collected, Waste Sorted, Waste Treated and Waste Dumped. Businesses have been investing in each section depending on their progress and targets. The authors are looking at case studies of two leading cosmetic brands, L'Oréal and L'Occitane en Provence, to validate the industry practices against our model.
Findings
From a business perspective, using the case study methodology for L'Oréal and L'Occitane, the authors inferred that out of the various investment vehicles available, companies are targeting technological advancement and third-party collaborations as they have the potential to offer the greatest visible change. However, most of these investments are going toward the treatment subsection. Still, there is a scope for improvement in the collection and sorting subsystems, increasing the efficiency of the whole chain.
Originality/value
There has been a lot of research on packaging plastic waste management in the past, but only a few of them focused on the cosmetic industry. This study aims to connect all the possible variables involved in the cosmetic industry’s packaging plastic waste management system and provide a clear output variable for various businesses looking to manage their packaging waste because of their products efficiently.
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Mitali Desai, Rupa G. Mehta and Dipti P. Rana
Scholarly communications, particularly, questions and answers (Q&A) present on digital scholarly platforms provide a new avenue to gain knowledge. However, several studies have…
Abstract
Purpose
Scholarly communications, particularly, questions and answers (Q&A) present on digital scholarly platforms provide a new avenue to gain knowledge. However, several studies have raised a concern about the content anomalies in these Q&A and suggested a proper validation before utilizing them in scholarly applications such as influence analysis and content-based recommendation systems. The content anomalies are referred as disinformation in this research. The purpose of this research is firstly, to assess scholarly communications in order to identify disinformation and secondly, to help scholarly platforms determine the scholars who probably disseminate such disinformation. These scholars are referred as the probable sources of disinformation.
Design/methodology/approach
To identify disinformation, the proposed model deduces (1) content redundancy and contextual redundancy in questions (2) contextual nonrelevance in answers with respect to the questions and (3) quality of answers with respect to the expertise of the answering scholars. Then, the model determines the probable sources of disinformation using the statistical analysis.
Findings
The model is evaluated on ResearchGate (RG) data. Results suggest that the model efficiently identifies disinformation from scholarly communications and accurately detects the probable sources of disinformation.
Practical implications
Different platforms with communication portals can use this model as a regulatory mechanism to restrict the prorogation of disinformation. Scholarly platforms can use this model to generate an accurate influence assessment mechanism and also relevant recommendations for their scholars.
Originality/value
The existing studies majorly deal with validating the answers using statistical measures. The proposed model focuses on questions as well as answers and performs a contextual analysis using an advanced word embedding technique.
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Dolly Gaur and Dipti Ranjan Mohapatra
In recent years, the Indian banking sector is facing a major cause of concern in the form of Nonperforming Assets (NPA), and the priority sector lending (PSL) is generally…
Abstract
Purpose
In recent years, the Indian banking sector is facing a major cause of concern in the form of Nonperforming Assets (NPA), and the priority sector lending (PSL) is generally recognized as the major factor contributing to it. Thus, the present study has been carried out with the objective of examining the relationship between priority sector lending and GDP growth. Thereafter, the role of PSL and certain other bank-specific, industry-specific and macroeconomic variables in determining NPA has been studied.
Design/methodology/approach
Taking a sample of 45 scheduled commercial banks, the study has been carried out for 14 years (2004–2018). Granger causality between PSL and GDP has been examined by applying the Dumitrescu-Hurlin test. For the purpose of investigating the impact of PSL and other determinants on NPA, both static and dynamic panel regression have been performed. Under the dynamic panel, system generalized methods of moments (S-GMM) approach has been followed.
Findings
The findings show that there exists a positive correlation and bidirectional causal relationship between PSL and GDP, which implies that PSL brings additional growth for the whole economy. In addition to it, PSL is found to be insignificant for the NPA ratio, and thus, it can be inferred that credit extended to government-specified sectors does not bring any major increase in the bad loan portfolio of banks.
Practical implications
The policymakers and bank management can take a cue from the findings of this study to decrease the exposure to loan nonrepayment issue. The priority sectors are in need of formal credit for their growth, and since the rising population of the country can find employment in these sectors, banks should meet their credit needs while securing their position with regard to the NPA problem.
Originality/value
The issue of NPA determinants, and in particular, the contribution of priority sector lending in it has not been much explored for Indian banking sector. Also, the present study adds to the literature by using the causality approach for examining the importance of directed credit schemes for economic growth.
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In the transition towards circular economy and sustainable development, effective implementation of extended producer responsibility (EPR) legislation is crucial to prevent…
Abstract
Purpose
In the transition towards circular economy and sustainable development, effective implementation of extended producer responsibility (EPR) legislation is crucial to prevent plastic-waste generation and promote recycling activities. The purpose of this study is to undertake a qualitative analysis to examine recent EPR policy changes, implementation, barriers and enabling conditions.
Design/methodology/approach
In-depth interviews and group discussions with key stakeholders were undertaken to derive the barriers and facilitators of EPR implementation. Based on opinions and insights from a wide range of participants, this study identified a number of key issues faced by various parties in implementing EPR in India.
Findings
Stakeholders agree on a lack of clarity on various policy aspects, such as mandatory approval of urban local bodies, registration of recyclers/waste processors and consistency in the definition of technical terms. This paper provides useful policy inputs to address these challenges and to develop comprehensive EPR policy systems. More consultation and deliberation across various stakeholders is required to ensure the policies are effective.
Practical implications
India’s plastic-waste generation has increased at a rapid pace over the past five years and is expected to grow at a higher rate in the future. This research provides implications for policymakers to formulate coherent policies that align with the interests of brand owners and recyclers. Clear policy suggestions and improvements for effective plastic-waste management in India are also outlined.
Originality/value
This paper, based on a qualitative approach, contributes to research on plastic-waste management by integrating the perspectives of all EPR-policy stakeholders in India.
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Narinder Pal Singh and Sugandha Sharma
The purpose of this paper is to investigate the dynamic relationship among Gold, Crude oil, Indian Rupee-US Dollar and Stock market-Sensex (gold, oil, dollar and stock market…
Abstract
Purpose
The purpose of this paper is to investigate the dynamic relationship among Gold, Crude oil, Indian Rupee-US Dollar and Stock market-Sensex (gold, oil, dollar and stock market (GODS)) in the pre-crisis, the crisis and the post-crisis periods in the Indian context.
Design/methodology/approach
The authors use Johansen’s cointegration technique, Vector Error Correction Model (VECM), Vector Auto Regression, VEC Granger Causality/Block Exogeneity Wald Test, and Granger Causality and Toda Yamamoto modified Granger causality to study long-run relationship and causality.
Findings
Johansen’s cointegration test results indicate that there is a long-run equilibrium relationship among the variables in the pre-crisis and the crisis periods but not in post-crisis period. VECM results report that none of four models of the variables show long-run causality in the pre-crisis period. During the crisis period, both crude oil and Sensex models show long-run causality. However, in some cases, results indicate short-run causality. The authors find one-way causality from USD and Sensex to crude oil, and from gold and Sensex to USD. Thus, the authors conclude that the relationship among GODS is dynamic across global financial crisis.
Practical implications
The research findings of this study are vital to the large group of stakeholders and participants of gold, crude oil, US dollar and stock market in emerging economies like India. The results are useful to importers, exporters, government, policy makers, corporate houses, retail investors, portfolio managers, commodity traders, treasury and fund managers, other commercial traders, etc.
Originality/value
This study is one of its kinds as it investigates the relationship among GODS in India in different sub-periods like before, during and after the global financial crisis of 2008. None of the studies compare phase-wise relationship among GODS in the Indian context. The study contributes to the economic theory and the body of knowledge. It highlights the need to revisit the economic theory to explain the interplay mechanism among GODS.