Why Do Microfinance Institutions Go Green? An Exploratory Study

Allet, Marion

doi:10.1007/s10551-013-1767-2

Cited by 58 publications

(50 citation statements)

References 40 publications

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“…Different financial institutions around the world have adhered to the United Nations Environment Programme-Finance Initiative (UNEP-FI), by means of which they commit to integrating environmental and social issues into their business operations [86]. Thus, banks located in developed and developing countries are beginning to take into account the firms' environmental risks in order to avoid financing polluting activities, offering loans to finance clean technologies and/or produce new environmentally-friendly products [87]. This allows banks to reduce credit risk and responsibilities derived from the environmental pollution of their clients, while improving their reputation.…”

Section: Hypothesis 1 (H1) Corporate Environmental Performance (Cep)mentioning

confidence: 99%

Analyzing the Effect of Corporate Environmental Performance on Corporate Financial Performance in Developed and Developing Countries

2017

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Abstract:The relationship between corporate environmental performance and corporate financial performance has been extensively studied in developed countries, and has received less attention in developing countries. For this reason, the main objective of this paper is to examine the effect of corporate environmental performance on corporate financial performance during a global financial crisis, depending on the economic development level of the country where a firm is located. To this end, we obtain data for a sample of 2982 large firms from 2008 to 2015. We apply Petersen's approach to these data, adjusting the standard errors for clustering by both firm and year. The results obtained show that the adoption of environmental practices significantly and positively affects the corporate financial performance in developed and developing countries. However, this effect is stronger for firms located in developing countries than those located in developed countries.

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Section: Hypothesis 1 (H1) Corporate Environmental Performance (Cep)mentioning

confidence: 99%

Analyzing the Effect of Corporate Environmental Performance on Corporate Financial Performance in Developed and Developing Countries

2017

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“…These concerns were identified from an extensive review of the environmental performance literature as well as from a qualitative study conducted by one of the authors for previous research work (Allet, 2012b). Results from the study suggested that several MFIs' managers were reluctant to engage in environmental management because they considered that their institution was too small and thus did not have the (financial, human, operational) capacity to launch this type of program.…”

Section: Theoretical Framework and Hypotheses On Green Mfis' Charactementioning

confidence: 99%

“…-NON-FINANCIAL SERVICES: MFIs with an integrated approach may be more likely to engage in environmental management, as emphasized in Allet (2012b). The dummy "provision of non-financial services" is used as a proxy for MFIs' positioning between a minimalist and an integrated approach.…”

Section: Data Analysis For Global Mepi Scoresmentioning

confidence: 99%

Green Microfinance: Characteristics of Microfinance Institutions Involved in Environmental Management

Allet

Hudon

2013

J Bus Ethics

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“…Allet (2014) discovered at one side that if legitimation (stakeholder pressure) is a dominant driver, then MFIs become more defensive and elaborates superficial strategies to appear green. At the other hand, if social responsibility is a dominant driver than MFIs become more proactive and innovative; and designs financial and non-financial services to promote 'green practices.'…”

Section: Mfi Social and Environmental Performances And Corporate Repumentioning

confidence: 99%

On The Two-Way Relationship between Corporate Reputation and Financial Performance in Microfinance: A Stakeholder Approach

Lusambo¹

2017

IJBM

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This conceptual paper is grounded on three main observations. First, the lack of a theoretical framework on which a consistent model of the two-way relationship between corporate reputation and financial performance can be developed. Second, the lack of microfinance literature on the role played by corporate reputation as a social construct, and an intangible asset, in the strategic management of MFIs. Third, the impact of ethical issues and competitive challenges amplified by the commercialization of microfinance, and their threats to safeguarding the double-bottom (or triple-bottom) line of microfinance. Theoretical findings suggest that the Wu-Stuart Framework can be used as a benchmark to justify an embedded theory of firm underlying the circular link hypothesis into an institutional environment. Thus, the EP-SP-FP model highlights that MFI's corporate reputation could act both as a moderating effect on the dynamic of MFI's financial performance, and a mediating or balancing effect on the trade-off between social, environmental, and financial performance of MFI.

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Why Do Microfinance Institutions Go Green? An Exploratory Study

Cited by 58 publications

References 40 publications

Analyzing the Effect of Corporate Environmental Performance on Corporate Financial Performance in Developed and Developing Countries

Analyzing the Effect of Corporate Environmental Performance on Corporate Financial Performance in Developed and Developing Countries

Green Microfinance: Characteristics of Microfinance Institutions Involved in Environmental Management

On The Two-Way Relationship between Corporate Reputation and Financial Performance in Microfinance: A Stakeholder Approach

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