2023
DOI: 10.1007/s10479-023-05190-z
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Can increasing environmental policy stringency promote financial development? Evidence from developed economies

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Cited by 4 publications
(2 citation statements)
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“…Applying the notion of coercive institutional regulation, it is plausible that it forces firms to acquire external knowledge to comply with sustainability regulations. Hassan et al (2023) indicated that environmental regulation formulated by the government to mitigate environmental problems leads to green financial development. Particularly, different governmental regulations drive organizations toward knowledge sharing and adaptation (Zhang et al, 2020).…”
Section: Review Of Literature and Conceptual Developmentmentioning
confidence: 99%
“…Applying the notion of coercive institutional regulation, it is plausible that it forces firms to acquire external knowledge to comply with sustainability regulations. Hassan et al (2023) indicated that environmental regulation formulated by the government to mitigate environmental problems leads to green financial development. Particularly, different governmental regulations drive organizations toward knowledge sharing and adaptation (Zhang et al, 2020).…”
Section: Review Of Literature and Conceptual Developmentmentioning
confidence: 99%
“…Also, their findings confirmed that there is bidirectional causality between these variables. In addition, Hassan et al (2023) studied the effects of the EPS index on the financial development of 27 OECD countries covering 1990-2015, recently. They found that the EPS index had a positive and statistically significant impact on the financial development indicators.…”
Section: The Relationship Between the Eps Index And Fdi Inflowsmentioning
confidence: 99%