Durable, Inclusive, Sustainable Economic Growth and Challenge

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Sustainability and Finance".

Deadline for manuscript submissions: 30 November 2024 | Viewed by 7998

Special Issue Editor


E-Mail Website
Guest Editor
1. Department of Economic and Administrative Sciences, Faculty of Business and Administration, University of Bucharest, 030018 Bucharest, Romania
2. Department of Economics and Economic Policy, Economy I Doctoral School, Faculty of Theoretical and Applied Economics, The Bucharest University of Economic Studies, 010374 Bucharest, Romania
Interests: economics; management; finance; auditing; accounting; business counseling; financial analysis; control and evaluation; intellectual capital; corporate governance; sustainability; sustainable development; business environment; business process management; quality management; human resources management
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

This Special Issue focuses on the broad and paramount topic of “Durable, Inclusive, Sustainable Economic Growth and Challenge” and includes novel research on entrepreneurship, business, sustainable economic development and growth, risk and financial management, financial well-being before, during and after COVID-19 pandemic, corporate governance and corporate responsibility, innovation, intellectual capital, and green and sustainable finance.

This Special Issue intends to capture valuable wide-ranging research on today’s general context in the light of the changes and challenges brought by the pandemic while focusing on microeconomics, macroeconomics, sustainability, public health, financial situation, and financial well-being, the planet’s prosperity, the impact of immigration on employment and unemployment, income fluctuations, labor market, employees welfare, and the Sustainable Development Goals (SDGs)—as presented and promoted by the United Nations (UN) Agenda.

Theoretical and empirical articles on this topic are welcome. Contributions focusing on, but not limited to, the implications of inclusive, innovative, robust, resilient, and sustainable businesses, international business environment, sustainable economic development and growth, new methods and ways capable of achieving performance and excellence, entrepreneurship, small- and medium-sized enterprises, labor market, employee welfare, human resources management, successful business process management, and quality management for businesses are encouraged.

Prof. Dr. Cristina Raluca Gh. Popescu
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • artificial intelligence
  • auditing
  • accounting
  • balance sheet data
  • business counseling
  • business environment
  • business excellence
  • business performance
  • business process management
  • business risks
  • business transfer
  • climate change
  • circular economy
  • corporate reporting
  • corporate responsibility
  • control and evaluation
  • corporate governance
  • economics
  • economic growth
  • emerging markets
  • human resources management
  • labor market
  • inclusive businesses
  • intangible assets
  • intellectual capital
  • intellectual property
  • innovation
  • finance
  • financial analysis
  • green finance
  • growth potential
  • quality management
  • management
  • pandemic context
  • prosperous, inclusive, and sustainable society
  • risk management
  • small- and medium-sized enterprises
  • staff headcount
  • sustainability
  • sustainability assessment
  • sustainable development
  • Sustainable Development Goals (SDGs)
  • sustainable finance
  • sustainability risks
  • tangible assets
  • technology and innovation management
  • tourism sector
  • turnover
  • United Nations (UN) Agenda

Published Papers (6 papers)

Order results
Result details
Select all
Export citation of selected articles as:

Research

14 pages, 294 KiB  
Article
Digital Financial Inclusion in Emerging Economies: Evidence from Jordan
by Abdalla Al Khub, Mohamed Saeudy and Ali Meftah Gerged
J. Risk Financial Manag. 2024, 17(2), 66; https://doi.org/10.3390/jrfm17020066 - 08 Feb 2024
Viewed by 1680
Abstract
This study explores the role of digital financial inclusion in mitigating poverty and bolstering economic growth, with a special focus on developing nations during the COVID-19 era. Centering on Jordan, it seeks to identify key influencers of financial access by analyzing data from [...] Read more.
This study explores the role of digital financial inclusion in mitigating poverty and bolstering economic growth, with a special focus on developing nations during the COVID-19 era. Centering on Jordan, it seeks to identify key influencers of financial access by analyzing data from 260 participants using a non-linear probit regression model. The research uncovers a significant disparity in financial inclusion between Jordanian adult males and females, attributable to differences in education, wealth, employment, and income levels. These findings point to the necessity of prioritizing financial accessibility for marginalized groups such as women, the elderly, and those with lower income to effectively combat poverty and facilitate economic advancement and sustainable development in emerging markets. Full article
(This article belongs to the Special Issue Durable, Inclusive, Sustainable Economic Growth and Challenge)
22 pages, 420 KiB  
Article
The Joint Forces of How to Live: Does Intellectual Capital Matter between Innovation and Financial Vulnerability?
by Zeeshan Ahmed, Huan Qiu and Yiwei Zhao
J. Risk Financial Manag. 2024, 17(2), 47; https://doi.org/10.3390/jrfm17020047 - 26 Jan 2024
Viewed by 1180
Abstract
Using a hand-collected sample of non-financial firms listed on the Pakistan Stock Exchange (PSX) over the period of 2011–2021, we examine the joint effect of intellectual capital and innovation on the financial vulnerability of a firm, which is an important risk factor that [...] Read more.
Using a hand-collected sample of non-financial firms listed on the Pakistan Stock Exchange (PSX) over the period of 2011–2021, we examine the joint effect of intellectual capital and innovation on the financial vulnerability of a firm, which is an important risk factor that a firm may face in its operation. We first use the static fixed-effect panel model as our baseline regression model and find that the level of intellectual capital of a firm strengthens the positive effect of the adoption of product and market innovation on reducing the financial vulnerability of the firm. We also conduct additional analyses using alternative measures of financial vulnerability, as well as various regression models, and confirm that the results are robust under different scenarios. Overall, the results highlight the positive role of the intellectual capital, as well as the joint effect of intellectual capital and innovation, in mitigating the financial vulnerability faced by a firm and thus have academic and practical implications to academic researchers and practitioners. Full article
(This article belongs to the Special Issue Durable, Inclusive, Sustainable Economic Growth and Challenge)
23 pages, 353 KiB  
Article
Exploring the Affiliation of Corporate Social Responsibility, Innovation Performance, and CEO Gender Diversity: Evidence from the U.S.
by Abeer Hassan, Sehrish Atif and Jiayi Zhang
J. Risk Financial Manag. 2024, 17(1), 23; https://doi.org/10.3390/jrfm17010023 - 09 Jan 2024
Viewed by 1300
Abstract
This paper examines the relationship between CSR activities and innovation performance with the moderating effect of CEO gender in the U.S. market. This paper provides evidence about the relationship between CSR and innovation performance from the resources-based views by replacing the common measurements [...] Read more.
This paper examines the relationship between CSR activities and innovation performance with the moderating effect of CEO gender in the U.S. market. This paper provides evidence about the relationship between CSR and innovation performance from the resources-based views by replacing the common measurements of innovation and R&D expenditures with the number of patents and citations to better measure the innovation quality rather than quantity. The current paper verifies the relationship between CSR and innovation in S&P 500 U.S. listed companies and fills the gaps in the current research on the moderating effect of CEO gender on this relationship. The paper analyzed the panel data for 1204 observations from various databases (Compustat, KLD, U.S. patents by words and Excompustat) from 2014 to 2018. Specifically, the number of patents and citations is set as the measurement of the explanatory variable; innovation performance and CSR scores from KLD are treated as the dependent variable and the proportion of female directors in the top management as the method of moderating indicator. The result in this paper shows a positive correlation between CSR and innovation performance in the U.S. At the same time, the moderating effect of CEO gender has an insignificant impact on this relationship. The findings suggest that the female CEOs do not have a positive relationship with corporate innovation. These results will help companies realize the importance of CSR activities and how to balance gender diversity in their strategies. Full article
(This article belongs to the Special Issue Durable, Inclusive, Sustainable Economic Growth and Challenge)
14 pages, 666 KiB  
Article
Implicit Hedging and Liquidity Costs of Structured Products
by Kujtim Avdiu and Stephan Unger
J. Risk Financial Manag. 2023, 16(9), 401; https://doi.org/10.3390/jrfm16090401 - 07 Sep 2023
Viewed by 969
Abstract
This article analyzes the implicit hedging and liquidity costs of structured equity products offered by various financial institutions. We replicate several payoffs of structured products, compare the calculated fair values based on the Heston model as well as geometric Brownian motion, using various [...] Read more.
This article analyzes the implicit hedging and liquidity costs of structured equity products offered by various financial institutions. We replicate several payoffs of structured products, compare the calculated fair values based on the Heston model as well as geometric Brownian motion, using various optimization techniques, and compare their fair values with the historic prices traded in the market. We find that implicit hedging costs range between 0.9% and 2.9% markup on the fair value, where we find the underlying market volatility to be the relevant driver of this range for complex structures, while market liquidity can be extracted as the only driver of markups for simple structures with no hedging requirements. Full article
(This article belongs to the Special Issue Durable, Inclusive, Sustainable Economic Growth and Challenge)
Show Figures

Figure 1

21 pages, 520 KiB  
Article
Examining the Interactive Effect of Advertising Investment and Corporate Social Responsibility on Financial Performance
by Jen-Sin Lee, Xiao-Yan Deng and Chih-Hsiung Chang
J. Risk Financial Manag. 2023, 16(8), 362; https://doi.org/10.3390/jrfm16080362 - 05 Aug 2023
Viewed by 1302
Abstract
This article explores the interactive effect of advertising investment and corporate social responsibility (CSR) on financial performance by selecting 2431 listed companies that participated in the professional evaluation of Hexun.com as the research sample, with a total of 12,471 observed values. The panel [...] Read more.
This article explores the interactive effect of advertising investment and corporate social responsibility (CSR) on financial performance by selecting 2431 listed companies that participated in the professional evaluation of Hexun.com as the research sample, with a total of 12,471 observed values. The panel regression, analysis and hypotheses tests were conducted to examine the interactive effect of advertising investment and CSR on financial performance. There are four empirical findings. First, an advertising investment plays a significant role in improving corporate financial performance. Second, actively fulfilling CSR can effectively upgrade the financial performance of an enterprise. Third, different functional mechanisms will not change the positive impact of CSR on financial performance. Fourth, the interaction between advertising investment and CSR has a significant positive correction on financial performance. Combining the advertising investment with CSR they have a remarkable complementary effect on financial performance. Based on these findings, this article claims that to maximize the advertising effect, company managers should actively carry out business activities and conduct appropriate advertising investments from the perspective of CSR. In other words, to enhance the return on marketing activities and strengthen the promotion of financial performance by advertising investment, company managers should pay more attention to fulfilling CSR and take advantage of the reputational and social images generated by CSR to bring greater market value and financial growth. Full article
(This article belongs to the Special Issue Durable, Inclusive, Sustainable Economic Growth and Challenge)
Show Figures

Figure 1

23 pages, 5813 KiB  
Article
“Decoding” Policy Perspectives: Structural Topic Modeling of European Central Bankers’ Speeches
by Thierry Warin and Aleksandar Stojkov
J. Risk Financial Manag. 2023, 16(7), 329; https://doi.org/10.3390/jrfm16070329 - 12 Jul 2023
Viewed by 1007
Abstract
This research analyzes the speeches and interviews of high-level European Central Bank decision makers from 1997 to 2021 to identify clusters of prominent topics. Transparency is a crucial aspect of modern monetary policy, and public speeches and interviews by central bankers play a [...] Read more.
This research analyzes the speeches and interviews of high-level European Central Bank decision makers from 1997 to 2021 to identify clusters of prominent topics. Transparency is a crucial aspect of modern monetary policy, and public speeches and interviews by central bankers play a vital role in achieving it. Our study employs structural topic modeling to compare the prevalence of topics during the Global Financial Crisis, pandemic crisis, and periods of heightened inflation. Additionally, we explore the impact of central bank independence on official rhetoric. Full article
(This article belongs to the Special Issue Durable, Inclusive, Sustainable Economic Growth and Challenge)
Show Figures

Figure 1

Back to TopTop