Financial factors influencing investment willingness in environment-friendly business: Empirical study on an emerging economy
The United Nations established Sustainable Development Goals (SDGs) to address resource depletion, global warming, and other environmental issues caused by profit-driven economic activities. In line with the sustainability mission, this study examines the financial factors influencing the evolution...
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| Format: | Article |
| Language: | English |
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Elsevier
2025-02-01
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| Series: | Innovation and Green Development |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2949753125000037 |
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| author | Fairtown Zhou Ayoungman Md. Shoriful Islam Mohammad Masukujjaman Abid Hossain Shawon Abdullah Al Mahmud |
| author_facet | Fairtown Zhou Ayoungman Md. Shoriful Islam Mohammad Masukujjaman Abid Hossain Shawon Abdullah Al Mahmud |
| author_sort | Fairtown Zhou Ayoungman |
| collection | DOAJ |
| description | The United Nations established Sustainable Development Goals (SDGs) to address resource depletion, global warming, and other environmental issues caused by profit-driven economic activities. In line with the sustainability mission, this study examines the financial factors influencing the evolution of the business sector towards being environmentally friendly. A carefully developed questionnaire with a five-point Likert scale is used to collect data for the empirical study. The study included 150 corporate executives who are closely involved in investment decisions within their respective organizations. Principal component analysis was used to identify financial influences, and a linear regression model was used to build relationships using SPSS. The study found that financial factors strongly impact investment in environmentally friendly corporate operations. The findings make a theoretical contribution by helping us learn more about the factors that make companies want to invest in environment-friendly business practices. It assists us in identifying key and less important elements, improving frameworks and enabling more research. Policymakers can customize incentives, support systems, and regulatory frameworks to businesses investing in sustainable practices by studying the elements that strongly affect their actions. |
| format | Article |
| id | doaj-art-ad11b1744f964cb9a04dd6e865317e98 |
| institution | Kabale University |
| issn | 2949-7531 |
| language | English |
| publishDate | 2025-02-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Innovation and Green Development |
| spelling | doaj-art-ad11b1744f964cb9a04dd6e865317e982025-01-19T06:27:03ZengElsevierInnovation and Green Development2949-75312025-02-0141100206Financial factors influencing investment willingness in environment-friendly business: Empirical study on an emerging economyFairtown Zhou Ayoungman0Md. Shoriful Islam1Mohammad Masukujjaman2Abid Hossain Shawon3Abdullah Al Mahmud4School of Business & Deputy Director, Yunus Social Business Centre, Zhengzhou University, Henan, ChinaYunus Social Business Centre, School of Business, Zhengzhou University, Henan, China; Corresponding author.Faculty of Business and Professional Study, Management & Science University, 40100, Shah Alam, Selangor Darul Ehsan, MalaysiaYunus Social Business Centre, School of Business, Zhengzhou University, Henan, ChinaIBA, Jahangirnagar University, Dhaka, BangladeshThe United Nations established Sustainable Development Goals (SDGs) to address resource depletion, global warming, and other environmental issues caused by profit-driven economic activities. In line with the sustainability mission, this study examines the financial factors influencing the evolution of the business sector towards being environmentally friendly. A carefully developed questionnaire with a five-point Likert scale is used to collect data for the empirical study. The study included 150 corporate executives who are closely involved in investment decisions within their respective organizations. Principal component analysis was used to identify financial influences, and a linear regression model was used to build relationships using SPSS. The study found that financial factors strongly impact investment in environmentally friendly corporate operations. The findings make a theoretical contribution by helping us learn more about the factors that make companies want to invest in environment-friendly business practices. It assists us in identifying key and less important elements, improving frameworks and enabling more research. Policymakers can customize incentives, support systems, and regulatory frameworks to businesses investing in sustainable practices by studying the elements that strongly affect their actions.http://www.sciencedirect.com/science/article/pii/S2949753125000037Environment-friendly businessFinancial factorsFactor analysisInvestment willingnessSustainable practice |
| spellingShingle | Fairtown Zhou Ayoungman Md. Shoriful Islam Mohammad Masukujjaman Abid Hossain Shawon Abdullah Al Mahmud Financial factors influencing investment willingness in environment-friendly business: Empirical study on an emerging economy Innovation and Green Development Environment-friendly business Financial factors Factor analysis Investment willingness Sustainable practice |
| title | Financial factors influencing investment willingness in environment-friendly business: Empirical study on an emerging economy |
| title_full | Financial factors influencing investment willingness in environment-friendly business: Empirical study on an emerging economy |
| title_fullStr | Financial factors influencing investment willingness in environment-friendly business: Empirical study on an emerging economy |
| title_full_unstemmed | Financial factors influencing investment willingness in environment-friendly business: Empirical study on an emerging economy |
| title_short | Financial factors influencing investment willingness in environment-friendly business: Empirical study on an emerging economy |
| title_sort | financial factors influencing investment willingness in environment friendly business empirical study on an emerging economy |
| topic | Environment-friendly business Financial factors Factor analysis Investment willingness Sustainable practice |
| url | http://www.sciencedirect.com/science/article/pii/S2949753125000037 |
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