scholarly journals How Does Institutional Quality Moderate the Influence of Financial Development on Environmental Pollution? Evidence From G20 Countries

2021 ◽  
Author(s):  
Toyo Amegnonna Marcel Dossou ◽  
Emmanuelle Kambaye Ndomandji
Keyword(s):  
Environmental Pollution ◽  
Co2 Emissions ◽  
Financial Development ◽  
Institutional Quality ◽  
Moderating Effect ◽  
Policy Implications ◽  
Standard Errors ◽  
Negative Effect ◽  
The Relationship ◽  
Econometric Technique

Abstract Unlike previous studies that focused mainly on the relationship between financial development and CO2 emissions, the current study examined the moderating effect of institutional quality on the influence of financial development on environmental pollution in G20 countries over the period 2003-2015. The panel corrected standard errors (PCSE) is employed as an econometric technique. The findings are established as follows: First, the findings show that institutional quality appears to have a mixed (positive and negative) effect on environmental pollution. Second, the findings show that financial development has mixed (positive and negative) effect on environmental pollution. Third, the findings also show that the interaction between institutional quality and financial development has a negative and statistically significant on environmental pollution, meaning that institutional quality complements financial sector to reduce environmental pollution. Policy implications are discussed.

Strength of auditing and reporting standards, corruption and money laundering: a cross-country investigation

2020 ◽  
Vol 35 (9) ◽  
pp. 1243-1259
Author(s):  
Ines Amara ◽  
Hichem Khlif ◽  
Anis El Ammari
Keyword(s):  
Money Laundering ◽  
Positive Association ◽  
Moderating Effect ◽  
Policy Implications ◽  
Reporting Standards ◽  
Content Type ◽  
Dummy Variable ◽  
Interaction Variable ◽  
Negative Effect ◽  
The Relationship

Purpose This paper aims to investigate the relationship between the strength of auditing and reporting standards (SARS) and money laundering, and test whether the SARS moderates the association between corruption and money laundering. Design/methodology/approach The sample consists of 348 country-year observations over the period 2015–2017. Data on money laundering are collected from Basel Anti-Money Laundering Reports for 2015–2017, while data on SARS and corruption are collected from the Global Competiveness Reports for the same years. Findings The findings of this study suggest that the SARS is negatively associated with money laundering, while corruption has an insignificant effect on the same variable. The effect of corruption on money laundering becomes positive and significant after removing the SARS. This result implies that the SARS and corruption represent two concurrent forces influencing money laundering phenomenon with a prevailing negative effect for the SARS. When testing for the moderating effect of SARS on the positive association between corruption and money laundering, findings show that the positive association remains stable under low SARS environments, while it is mitigated under high SARS. This moderating effect is further confirmed when using an interaction variable between the SARS dummy variable and corruption as this interaction variable has a negative effect on money laundering. Originality/value The findings emphasize the role played by the SARS in reducing money laundering and mitigating the positive association between corruption and money laundering. These results may have policy implications for governments aiming to combat this phenomenon.

Macroeconomic fundamentals, institutional quality and shadow economy in OIC and non-OIC countries

2022 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Shabeer Khan ◽  
Mohd Ziaur Rehman
Keyword(s):  
Shadow Economy ◽  
Random Effect ◽  
Generalized Method Of Moments ◽  
Institutional Quality ◽  
Estimation Methods ◽  
Full Sample ◽  
Content Type ◽  
Macroeconomic Fundamentals ◽  
Negative Effect ◽  
The Relationship

PurposeThe purpose of this paper is to analyze the relationship between macroeconomic fundamentals, intuitional quality and shadow economy.Design/methodology/approachBy utilizing data setspanning from 2004 to 2015 of 141 countries, the study has employed advanced panel technique, i.e. Generalized Method of Moments (GMM) method. In order to check consistency of the results, the study also used fixed effect and random effect for robustness.FindingsThe study finds that for the full sample, institutional quality has negative effect on shadow economy while macroeconomic fundaments effect shadow economy differently. After splitting the sample into Organization of Islamic Cooperation (OIC) and non-OIC countries subsamples, it observes same influence of macroeconomic fundaments and institutional quality on shadow economy, but the effect of macroeconomic fundaments and institutional quality on shadow economy is less observed for OIC countries. The results are found consistence by using different estimation methods.Originality/valueThe current literature has focused on estimating the size of shadow economy and literature linking the macroeconomic fundaments, institutional quality and shadow economy is scarce. Additionally, this study provides the evidence for cross comparison between OIC economies and non-OIC economies.

A Moderating Effect of Leadership Tenure on the Relationship between Leadership Self-Efficacy and Effective Leadership Behaviour

2013 ◽  
Vol 64 (3) ◽  
Author(s):  
Shehu Inuwa Galoji ◽  
Fais Ahmad ◽  
Husna Johari
Keyword(s):  
Self Efficacy ◽  
Commercial Banks ◽  
Effective Leadership ◽  
Leadership Behavior ◽  
Moderating Effect ◽  
Policy Implications ◽  
Future Research ◽  
Leadership Tenure ◽  
Leadership Behaviour ◽  
The Relationship

This study aims to examine the influence of leadership self-efficacy on effective leadership behavior with a moderating effect of leadership tenure in Nigerian commercial banks. Based on the existing literature review conducted, a conceptual framework was developed based on suggestions for future studies to test this relationship. Self-efficacy theory was used to explain the relationship among the constructs considered in this conceptual model. The study used a survey design which was aided by the use of questionaire. A sample of 358 branch managers of the Nigerian commercial banks was drawn through a stratified random sampling. A combination of descriptive and inferential statistics were used to analyse the data collected using the Statistical Package for Social Science (SPSS) for Windows. The findings of this study reveald that leadership self-efficacy has a significant positive relationship effective leadership behaviour. In the same vein, further investigation using hierarchical multiple regression shows that the moderating effect of leadership tenure on the leadership self-efficacy and effective leadership behavior relationship was found not to be significant. Finally, discussion, managerial and policy implications, recommendations and suggestion for future research were also highlighted in the study.

scholarly journals Information asymmetry and conditional financial sector development

2017 ◽  
Vol 9 (4) ◽  
pp. 372-392
Author(s):  
Simplice Asongu ◽  
Jacinta Nwachukwu
Keyword(s):  
Information Asymmetry ◽  
Financial Development ◽  
Financial Sector ◽  
Policy Implications ◽  
African Countries ◽  
Content Type ◽  
Mean Values ◽  
Financial Sector Development ◽  
Negative Effect ◽  
The Impact

Purpose The purpose of this study is to examine the role of reducing information asymmetry (IA) on conditional financial sector development in 53 African countries for the period 2004-2011. Design/methodology/approach The empirical evidence is based on contemporary and non-contemporary quantile regressions. Instruments for reducing IA include public credit registries (PCRs) and private credit bureaus (PCBs). Hitherto unexplored dimensions of financial sector development are used, namely, financial sector dynamics of formalization, informalization, semi-formalization and non-formalization. Findings The following findings are established. First, the positive (negative) effect of information sharing offices (ISO) on formal (informal) financial development is consistent with theory. Second, ISOs consistently increase formal financial development, with the incidence of PCRs higher in terms of magnitude, and financial sector formalization, with the impact of PCBs higher for the most part. Third, only PCBs significantly decrease informal financial development and both ISOs decrease financial sector informalization. Policy implications are discussed. Originality/value The study assesses the effect of reducing IA on financial development when existing levels of it matter because current studies based on mean values of financial development provide blanket policy implications which are unlikely to be effective unless they are contingent on prevailing levels of financial development and tailored differently across countries with high, intermediate and low initial levels of financial development.

THE RELATIONSHIP BETWEEN CO2 EMISSIONS AND FINANCIAL DEVELOPMENT

2015 ◽  
Vol 60 (05) ◽  
pp. 1550117 ◽  
Author(s):  
JOE-MING LEE ◽  
KU-HSIEH CHEN ◽  
CHIN-HO CHO
Keyword(s):  
The Netherlands ◽  
Co2 Emissions ◽  
Financial Development ◽  
Energy Use ◽  
Oecd Countries ◽  
Cross Sectional ◽  
Eu Countries ◽  
Cross Sectional Dependence ◽  
The Relationship ◽  
The U.S

This paper examines the relationships among CO2 emissions, energy use, GDP, and financial development for 25 OECD countries over the 1971–2007 period. From the results of the panel FMOLS and the cross-sectional dependence regression, we do not find any support for the existence of the EKC for OECD countries. Moreover, the results present that the coefficient of financial development to CO2 emissions is negative and statistically significant for eight countries (Austria, Denmark, Germany, Ireland, the Netherlands, Norway, Portugal, and the U.S.). The findings of this study thus show that financial development can help EU countries to adjust their CO2 emissions.

scholarly journals Do Internal Auditor and Audit Committee Have Impact on Audit Report Lag for Mining Industry?

2021 ◽  
Vol 23 (1) ◽  
pp. 15-23
Author(s):  
Helisa Noviarty ◽  
Ayu Puspitasari ◽  
Elok Heniwati
Keyword(s):  
Audit Committee ◽  
Stock Exchange ◽  
Mining Industry ◽  
Moderating Effect ◽  
Company Size ◽  
Audit Report ◽  
Internal Auditor ◽  
Study Results ◽  
Negative Effect ◽  
The Relationship

The purpose of this study is to examine the effect of the Internal Auditor and Audit Committee on Audit Report Lag (ARL) and the moderating effect of Company Size on the relationship between the Internal Auditor and the Audit Committee on ARL. Using mining sector companies listed on the Indonesia Stock Exchange (BEI) from 2016 to 2018, this study results in the number of observations of 99 cases. The results show that the Internal Auditor and Audit Committee have a negative effect on ARL. The result also shows that Company Size has a moderating effect on the influence of the Internal Auditor and Audit Committee on ARL.

scholarly journals Renewable Energy and CO2 Emissions: Empirical Evidence from Major Energy-Consuming Countries

Energies ◽  
2021 ◽  
Vol 14 (22) ◽  
pp. 7504
Author(s):  
Yongming Huang ◽  
Zebo Kuldasheva ◽  
Raufhon Salahodjaev
Keyword(s):  
Renewable Energy ◽  
Co2 Emissions ◽  
Generalized Method Of Moments ◽  
Renewable Energy Consumption ◽  
Ongoing Debate ◽  
Percentage Point Increase ◽  
Point Increase ◽  
Negative Effect ◽  
Energy Consuming ◽  
The Relationship

The goal of this study was to contribute to the ongoing debate on the relationship between renewable energy (RE) and CO2 emissions. In particular, we explored the link between RE and CO2 emissions in a sample of major renewable energy-consuming countries for the period 2000–2015. Therefore, the major contribution of this study was to answer the question of whether a substantial shift to renewable energy consumption will lead to lower CO2 emissions. Using the two-step generalized method of moments (GMM) estimator, our empirical results suggested that RE has a significant negative effect on CO2 emissions. For example, a one percentage point increase in RE leads to a 0.5% decrease in CO2 emissions.

scholarly journals Non-Linear Relationship between Financial Development, Economic Growth and Growth Volatility: Evidence from Nigeria

2018 ◽  
Author(s):  
Oro Ufuo Oro ◽  
Paul Alagidede
Keyword(s):  
Economic Growth ◽  
Linear Relationship ◽  
Financial Development ◽  
Financial Services ◽  
Policy Implications ◽  
Empirical Literature ◽  
Development Economic ◽  
Econometric Methods ◽  
Growth Volatility ◽  
The Relationship

The relationship between economic growth, growth volatility and financial sector development continues to attract attention in the theoretical and empirical literature. Over time, some studies hypothesize that finance has a causal linear relationship with growth. Recently several other authors contradict this claim and argue that the relationship that exists between finance and growth is nonlinear. We investigate these claims for Nigeria for the period between 1970 and 2015, using semi-parametric econometric methods, Hansen sample splitting techniques and threshold estimator. We observed no evidence of ‘Too much finance’ as claimed by many researchers in recent times. We show that the relationship between financial development and economic growth is U-shaped. This is equally true for the relationship between financial development and growth volatility. We also discuss policy implications of our findings and recommend financial innovations and decentralization of stock exchanges to boost access to financial services, in addition, improved regulation to enhance financial market efficiency.

scholarly journals Perfectionism and Job Burnout: Does Religious Coping Moderate the Relationship?

2015 ◽  
Vol 5 (12) ◽  
pp. 01
Author(s):  
Mohamad Saad Mohamad ◽  
Sahar Mohamed Badawy
Keyword(s):  
Religious Coping ◽  
Moderating Effect ◽  
Job Burnout ◽  
Policy Implications ◽  
Three Dimensions ◽  
Public And Private ◽  
Greater Cairo ◽  
Health Institutions ◽  
The Relationship ◽  
Structured Questionnaire

<p>This study aimed at investigating the relationship between perfectionism and burnout. Moreover, the moderating effect of religious coping in this relationship was also investigated. The sample of the current study consisted of 210 physicians, with a reasonable mix of demographic characteristics, working in public and private health institutions in the greater Cairo Area. The data were obtained using a structured questionnaire to assess perfectionistic striving, perfectionistic concerns, religious coping and the three dimensions of job burnout, namely, emotional exhaustion, cynicism, and feelings of inefficacy. Significant correlations were obtained between perfectionism and burnout dimensions. However, the moderating effect of religious coping in the relationship between perfectionism and burnout was not obtained. These results were discussed in line with extant literature. Conclusion and policy implications were reported.</p>

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