Josephine Ofosu-Mensah Ababio, Eric B. Yiadom, John K.M. Mawutor, Joseph K. Tuffour and Edward Attah‐Botchwey
This study aims to use 67 developing countries to examine the role of financial inclusion as an “empowering tool” for renewable energy uptake and to improve environmental…
Abstract
Purpose
This study aims to use 67 developing countries to examine the role of financial inclusion as an “empowering tool” for renewable energy uptake and to improve environmental sustainability in developing countries.
Design/methodology/approach
Using a battery of econometric models, including the generalized method of moment-panel vector autoregression (GMM-PVAR), impulse response function, Granger causality, fully modified ordinary least squares and dynamic ordinary least squares, the study proposed and tested three hypotheses.
Findings
The results from various estimations indicate that financial inclusion has a positive effect on renewable energy consumption and environmental sustainability improvement in developing countries. The findings suggest that financial inclusion can improve environmental sustainability by increasing access to financing to fund renewable energy projects, support sustainable businesses and promote sustainable practices.
Originality/value
This study suggests that policymakers prioritize financial inclusion to promote renewable energy consumption and environmental sustainability. Policies should enhance access to financial services, offer financial incentives and subsidies, provide affordable loans through microfinance institutions and fintech companies and promote sustainable businesses and green technologies.
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Victor Onuorah Dike and Joseph Kwadwo Tuffour
One of the mechanisms to make better bank management rests on improved corporate governance practices with diverse backgrounds including foreign representation. However, bank…
Abstract
Purpose
One of the mechanisms to make better bank management rests on improved corporate governance practices with diverse backgrounds including foreign representation. However, bank performance remains poor. The purpose of this study is to investigate whether foreign directors have moderating effects on the influence of board characteristics on the performance of banks in the Nigerian context.
Design/methodology/approach
The quantitative explanatory design of this study was based on a cross-sectional survey of respondents (executive and non-executive directors including independent directors) of the population of 285 bank directors in 26 Nigerian banks.
Findings
Using a sample of 121 respondents, the structural equation modelling results reveal that foreign nationality had a positive moderating effect on the influence of each board independence and audit committee on banks’ performance. However, foreign nationality negatively moderated the effect of board size and nomination committees on banks’ performance. In addition, foreign directors’ membership on boards positively moderates the relationship between remuneration committees and banks’ performance.
Research limitations/implications
The findings of this study extend our understanding of the strategic composition of the board in Nigerian banks. The findings are useful in encouraging business corporations to further strengthen their corporate governance practices. Also, foreign board members’ effectiveness is case-sensitive and committee-dependent.
Originality/value
Banks desirous of having foreign directors need to ensure that, they have the necessary capacity and fit into the local environment as well as engage foreign directors in tailored integration programmes.
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Augustine Senanu Komla Kukah, De-Graft Owusu-Manu, Edward Badu, David J. Edwards and Eric Asamoah
Public-private partnership (PPP) power projects are associated with varying risk factors. This paper aims to develop a fuzzy quantitative risk allocation model (QRAM) to guide…
Abstract
Purpose
Public-private partnership (PPP) power projects are associated with varying risk factors. This paper aims to develop a fuzzy quantitative risk allocation model (QRAM) to guide decision-making on risk allocation in PPP power projects in Ghana.
Design/methodology/approach
A total of 67 risk factors and 9 risk allocation criteria were established from literature and ranked in a two-round Delphi survey using questionnaires. The fuzzy synthetic evaluation method was used in developing the risk allocation model.
Findings
The model’s output variable is the risk allocation proportions between the public body and private body based on their capability to manage the risk factors. Out of the 37 critical risk factors, the public sector was allocated 12 risk factors with proportions = 50%, while the private sector was allocated 25 risk factors with proportions = 50%.
Originality/value
To the best of the authors’ knowledge, this research presents the first attempt in Ghana at endeavouring to develop a QRAM for PPP power projects. There is confidence in the model to efficiently allocate risks emanating from PPP power projects.
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Kelly Veasey and Jonathan Parker
This study aims to explore homeless-support workers’ perceptions of homeless welfare recipients and their experiences of navigating new conditions placed upon them by UK welfare…
Abstract
Purpose
This study aims to explore homeless-support workers’ perceptions of homeless welfare recipients and their experiences of navigating new conditions placed upon them by UK welfare reform. It examines support workers’ views of the most punitive feature of the welfare system, sanctions, on those recipients.In 2012, the Conservative and Liberal Democrat Coalition Government introduced the largest and most radical overhaul of the UK benefit system, significantly increasing the level of conditionality and sanctions for non-compliance, part of a shift in welfare, suggesting that rights must be balanced by responsibility and the “culture of worklessness” and “benefit dependency” should be addressed.
Design/methodology/approach
Welfare reforms in the UK and the increased use of sanctions as part of welfare conditionality are reviewed. Data are collected from eight semi-structured interviews taking place in five housing support groups in the South East and South West of England in 2019–2020. The interviews followed an approach from interpretive phenomenological analysis.
Findings
Findings from this study indicate that the government’s reforms serve as a disciplinary measure for the poor, reinforcing inequality and social marginalization. To mitigate the effects would require a comprehensive review of universal credit prior to its full rollout to claimants. Data are analyzed thematically.
Originality/value
Welfare conditionality and welfare reform is well-researched in the UK. There is also a significant volume of research concerning homelessness. This paper, however, fills a gap in research concerning the experiences of those working in housing support agencies working with homeless people in the UK.
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Deevarshan Naidoo, Peter Brian Denton Moores-Pitt and Joseph Olorunfemi Akande
Understanding which market to invest in for a well-diversified portfolio is fundamental in economies that are highly vulnerable to fluctuations in exchange rates. Extant…
Abstract
Purpose
Understanding which market to invest in for a well-diversified portfolio is fundamental in economies that are highly vulnerable to fluctuations in exchange rates. Extant literature that has considered phenomenon hardly juxtapose the markets. The purpose of this study is to examine the effects of exchange rate volatility on the Stock and Real Estate market of South Africa. The essence is to determine whether the fluctuations in the exchange rate influence the markets prices differently.
Design/methodology/approach
The Generalised Autoregressive Conditional Heteroskedasticity [GARCH (1.1)] model was used in establishing the effect of exchange rate volatility on both markets. This study used monthly South African data between 2000 and 2020.
Findings
The results of this study showed that increased exchange rate volatility increases stock market volatility but decreases real-estate market volatility, both of which revealed weak influences from the exchange rates volatility.
Practical implications
This study has implication for policy in using the exchange rate as a policy tool to attract foreign portfolio investment. The weak volatility transmission from the exchange rate market to the stock and real estate market indicates that there is prospect for foreign investors to diversify their investments in these two markets.
Originality/value
This study investigated which of the assets market, stock or housing market do better in volatile exchange rate conditions in South Africa.
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Jenefailus Nikoi Kotei-Martin, Kofi Agyekum, Burcu Salgin, Hayford Pittri, Edward Ayebeng Botchway, Rhoda Gasue and Samuel Aklashie
The increase in waste and carbon emissions from the construction industry continues to fester although sustainable design approaches such as designing for adaptability (DfA) have…
Abstract
Purpose
The increase in waste and carbon emissions from the construction industry continues to fester although sustainable design approaches such as designing for adaptability (DfA) have been approved as a viable option to minimize construction waste and greenhouse gases while providing cost savings on building projects. This paper examines the views of design professionals on the challenges to implementing DfA in the Ghanaian construction industry (GCI).
Design/methodology/approach
A critical comparative review of the related literature was conducted on the international challenges to implementing adaptability. After the review, 16 challenges were identified and used as the basis of the questionnaire survey in the Ghanaian context. By using a quantitative approach, a close-ended structured questionnaire was used to seek the views of 236 design professionals operating in the GCI regarding these factors. Data retrieved were analysed using descriptive and inferential statistics.
Findings
The findings revealed the key challenges to implementing DfA among design professionals in Ghana to include “limited funding for adaptable buildings”, “lack of collaboration between design professionals, contractors and clients towards the realization of adaptable buildings”, “limited demand for adaptable buildings” and “lack of education and training programs on design for adaptability practices”.
Originality/value
The novelty or originality of this study lies in its focus on the GCI, an area where the concept of DfA has rarely been examined in practice despite its recognized potential benefits in reducing waste and emissions. The study offers a detailed and comprehensive understanding of the multifaceted challenges faced by design professionals in Ghana. This level of detail is crucial for devising targeted strategies to promote DfA in the region.
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Majid Mahmoodi and Nazar Dahmardeh Ghaleno
The present study aims to examine the influence of environmental quality, renewable energy, non-renewable energy and quality of governance on sustainable development in two panels…
Abstract
Purpose
The present study aims to examine the influence of environmental quality, renewable energy, non-renewable energy and quality of governance on sustainable development in two panels of 23 Asian and 8 European emerging countries during the 1996–2022 period.
Design/methodology/approach
The present study employed second-generation methods of panel data analysis, which account for cross-sectional dependency and heterogeneity to achieve a more reliable conclusion.
Findings
The augmented mean group and common correlated effects mean group estimation findings exhibit the negative influence of environmental degradation and non-renewable energy on sustainable development, whereas the findings exhibit the positive effect of renewable energy and governance quality on sustainable development.
Practical implications
The findings point out to policymakers and governments the importance of the adoption and implementation of policies to protect the environment, as well as promoting renewable energy incentive policies. Moreover, enhancing governance quality and striving towards good governance is essential for the successful adoption and implementation of energy and environment policies, as well as achieving sustainable development goals.
Originality/value
The present research contributes to the existing related literature in several ways. Adjusted net saving (ANS) is employed as a comprehensive indicator of sustainable development and ecological footprint (EFP) is employed as an exhaustive indicator of the environment’s quality rather than carbon dioxide emissions. In overall, this study is the first, to the best of our awareness, to simultaneously consider ANS, EFP and governance quality for examining the relationship among energy, environmental quality and sustainable development, especially in Asian and European emerging economies.
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Samuel Frimpong, Riza Yosia Sunindijo, Cynthia Changxin Wang, Carol K. H. Hon, Elijah Frimpong Boadu, Ayirebi Dansoh and (Kenneth) Tak Wing Yiu
Promoting positive mental health is increasingly being encouraged as the focus of research and policies on the mental health of construction personnel. Most measures of mental…
Abstract
Purpose
Promoting positive mental health is increasingly being encouraged as the focus of research and policies on the mental health of construction personnel. Most measures of mental health, however, typically use negative indicators such as depression and anxiety and are not specifically developed for the construction workforce, especially those with a Global South background. These limitations have made it challenging to measure construction personnel’s positive mental health. The purpose of this study was, therefore, to develop a scale for measuring the positive mental health of construction personnel with a Global South background.
Design/methodology/approach
Guided by Keyes’ two-continua model of mental health, the study objectives were addressed through a mixed-methods study using the case of Ghana. Qualitative data collected from eight key stakeholder groups using 16 interviews and two rounds of focus group discussions were analysed thematically. Quantitative data were obtained through a survey of 425 construction personnel and analysed using confirmatory factor analysis and correlation analysis.
Findings
Thematic analysis revealed a four-dimensional structure of positive mental health, namely, emotional, psychological, social and spiritual. Confirmatory factor analysis and correlation analysis of the results indicated good instrument validity and reliability.
Originality/value
Existing measures of positive mental health are based on a three-dimensional model, i.e. emotional, social and psychological well-being. By including spiritual well-being, this study proposes a four-dimensional measurement model as a more comprehensive and promising measure to use in surveys of positive mental health among the construction workforce, especially those with a Global South background, and to develop suitable interventions for them.