Natural resources and financial development: The role of institutional quality

Khan, Muhammad Atif; Gu, Lulu; Khan, Muhammad Asif; Oláh, Judit

doi:10.1016/j.mulfin.2020.100641

Cited by 88 publications

(40 citation statements)

References 72 publications

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“…As one would expect, municipal debt was significantly impacted by the debt crisis. Also affected, via economic and social variables, was the accounting principle of going concerned, i.e., the sustainability of financial management and the simultaneous risk of default (Cohen et al, 2017;Li et al, 2019;Khan et al, 2020) The factors influencing municipal debt in several European countries (Austria, Belgium, France, Germany, Italy, and Spain) were studied by Bellot and Martí Silva (2017). They concluded that the countries in question shared features in common in the practices of their local and central governments.…”

Section: Literature Reviewmentioning

confidence: 99%

Debt Dynamics Among European Municipalities and Their Organizations: Comparative Analysis with Focus on Hungary

Васа¹,

Hegedűs²,

Lentner³

2021

ERSJ

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Purpose: This paper analyzed the debt of municipal subsystems of public finances and the organizations they own compared to EU member countries' GDP during the 2013-2018 period. Our study's essence is to characterize the EU member states based upon the two areas of investigation. We also analyzed the relationships between the liabilities of the entities, and, through the use of statistical methods, we compared the respective values and examined the effect on debt from both local government system models and geopolitical location. Design/Methodology/Approach: Three hypotheses were formulated, and we conducted our research with statistical methods (regression, cluster and variance analyses, LGCEshare variables). We utilized a case study on Hungary to explore the development of the two areas over time and examined how debt value was affected by the regulatory environment. Findings: Between the two areas of the local system's economic management, a statistical connection can be identified. The liabilities as a percentage of the GDP of local governmentowned businesses are considering it has been established. This is especially true in Germany and Scandinavian countries. However, it must be noted that the results of the statistical analyses and the theoretical division are different from each other. Another unique element of this study is considering the debt dynamics of municipalities and their corporations following the comprehensive fiscal reforms post-2010. Practical Implications: The research results can be used to assess the related financial positions of local governments and their economic organizations, to which the European Union is also paying increasing attention. Originality/Value: We examined the relationship between the liabilities of local governments and their economic organizations, and we showed a relationship between the two areas by using statistical methods. We found that the effect of the local government system model and geopolitical location on the debt stock is fundamentally determinant, but not in every case.

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Section: Literature Reviewmentioning

confidence: 99%

Debt Dynamics Among European Municipalities and Their Organizations: Comparative Analysis with Focus on Hungary

Васа¹,

Hegedűs²,

Lentner³

2021

ERSJ

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“…Common trend in agricultural society, as long as the activities are more profitable will be chosen by farmers (Emerton & Snyder, 2018). Farming activities will be more benefit if the land is their own, not rent (Khan, Gu, Khan, & Oláh, 2020). The prevailing local wisdom is that once farmers understand how practices are reducing vulnerability, it is easier for them to incentivize their peers, as well as community and local institutions (Martinez-Baron, Orjuela, Renzoni, Loboguerrero Rodríguez, & Prager, 2018).…”

Section: Farmers' Local Wisdom On Natural Resourcesmentioning

confidence: 99%

Review: Farmers' Local Wisdom on Natural Resources

Rozaki¹,

Wijaya²,

Keothoumma³

et al. 2020

And. Int. J. Agric. Nat. Sci.

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Natural resources are essential parts of human life, even the technologies continue to grow, natural resources still become a strategic sector for many countries. Many countries that don’t have many natural resources are trying to collaborate with rich countries. How people manage natural resources is very important to get maximum benefits. Local wisdom seems to have a role in managing natural resources with wise ways, get full benefits without destroying it. Natural resources, especially in terms of soil, water, plant and animal diversity, vegetation cover, climate, and ecosystem services, are fundamental for agricultural systems' structure and function. Therefore how farmers are managing their farming can be seen as farmers are managing natural resources. Farmers’ local wisdom on natural resources can be seen in the shape of how farmers managing their farming activities with various ways that they learned or got from generation to generation. Understanding farmers’ local wisdom on natural resources can help stakeholders make a suitable program for farmers' lives and natural resources development.

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“…It can be stated that conflicts are practically inevitable in any organization but the management has the task to both promptly resolve them and prevent them from arising to avert psychological abuse [ 44 ] as satisfactory working conditions are of a key importance for employees’ psychological well-being. The reason is that they can affect to a large extent the work performance, relationships between the employees (one should remember that dysfunction of relationships between employees has a significant impact on the quality of communication between them) and the overall quality of life [ 45 ]. It may create conditions for the occurrence of mobbing or psychological bullying [ 46 ].…”

Section: Literature Reviewmentioning

confidence: 99%

“…It does not change the thesis that although there are opponents of CSR (e.g., [ 62 ]), social responsibility can limit opportunities for the manifestation of mobbing, be of service to employees’ well-being [ 63 ] and is linked with a better climate in the organization [ 64 ]. It can be added that the likelihood of avoiding mobbing increases depending on how much attention organizations pay to trust and the ethics of their activities [ 45 ]. On the other hand, CSR standards depend on the context of the country [ 65 ]; it also may be referred to as the phenomenon of mobbing.…”

Section: Literature Reviewmentioning

confidence: 99%

Is a CSR Policy an Equally Effective Vaccine Against Workplace Mobbing and Psychosocial Stressors?

Sroka

Vveinhardt

2020

IJERPH

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In this study, the problem question was raised whether corporate social responsibility (CSR) is/can be an effective tool against workplace mobbing and psychosocial stressors in organizations. Therefore, the purpose of the study is to determine the prevalence of workplace mobbing in Lithuanian and Polish organizations in order to compare in which organizations the manifestation of the phenomenon is the strongest and analyzing psychosocial stressors in parallel. To achieve the purpose, 823 employees of three types of organizations were surveyed. The respondents belonged to organizations that implement the principles of corporate social responsibility, organizations that intend to become socially responsible and organizations that do not implement corporate social responsibility and do not seek to become socially responsible. The empirical study was conducted using the questionnaire “Mobbing as a Psychosocial Stressor in the Organizations Accessing and Implementing Corporate Social Responsibility—MOB-CSR”. This questionnaire is valid and reliable; the correlation relationships between subscales show interconnectedness and statistically reliable relationships. The research results were calculated using the chi-squared test and the linear regression model. Statistically reliable relationships were found between the prevalence of workplace mobbing, psychosocial work stressors and corporate social responsibility. The results of the study show that along with the weakening of variables of corporate social responsibility, the probability of workplace mobbing is increasing but CSR in itself does not ensure the prevention of workplace mobbing in the case of Lithuanian and Polish organizations. If the findings of the study are considered by the managers of organizations, this can affect both employees’ quality of life towards improvement and more transparent/purposeful implementation of corporate social responsibility, i.e., responding to the true meaning of CSR.

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Natural resources and financial development: The role of institutional quality

Cited by 88 publications

References 72 publications

Debt Dynamics Among European Municipalities and Their Organizations: Comparative Analysis with Focus on Hungary

Debt Dynamics Among European Municipalities and Their Organizations: Comparative Analysis with Focus on Hungary

Review: Farmers' Local Wisdom on Natural Resources

Is a CSR Policy an Equally Effective Vaccine Against Workplace Mobbing and Psychosocial Stressors?

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