The purpose of this paper is to study the main features and trends of venture investment in renewable energy. The study is based on both quantitative and qualitative indicators of the development of venture financing in the fuel and energy complex through the prism of opinions of the main participants in this market. The data obtained during the expert survey is supplemented by supporting materials, including those taken from sources, such as EnergyTech, CB Insights, PwC, and Bloomberg, as well as information posted on the Internet portals of companies and other freely available sources. The study of expert opinions has revealed the main barriers and factors that favorably affect the growth of venture investments in alternative energy. In the interview, the authors have identified priority measures to attract venture capital (VC) to renewable energy projects, stimulating the flow of free capital for innovative startups and increasing the quantity and quality of high-tech energy projects. Moreover, the paper reviews effective mechanisms for attracting investments in renewable energy sources and their experience in applying countries with a developed VC market.

Purpose This study aims to investigate the determinants of banking stability in the case of QISMUT + 3 countries (Qatar, Indonesia, Malaysia, United Arab Emirates, Turkey, Pakistan, Kuwait and Bahrain). Both profitability of banks and non-performing loans were treated as dependent variables. Three variations are examined, the sample as a whole and separated to conventional banks (CBs) and Islamic banks (IBs). Design/methodology/approach Data from 208 banks, both IBs and CBs, were used from 2011 to 2018, after global financial crisis period. Two-step system generalized methods of moments and both feasible least squares and panel-corrected standard error models were used to ensure test the data. Findings Results suggest that both financial vulnerability and profitability affect each other in both banking systems. In addition, capital adequacy has a positive link with both dependent variables. Corruption varied and followed expectations but for the case of CBs alone with an unexpected negative relationship with profitability. Practical implications The findings are expected to help bankers, investors, academics and policymakers gain a better understanding of Islamic banking. The findings would be useful in developing policy for the development of the banking industries in these countries. Originality/value This study contributes to existing literature in three ways. First, this study investigates the factors influencing banking non-performing loans for a new class of countries – QISMUT + 3 within 2011–2018 period. Second, only a few studies use such a period, which is after the global financial crisis period. Finally, new indicators are used to determine the non-performing loans and profitability of both types of banks, such as Muslim Share and Share of IBs.

Abstract