Socio-political factors underlying the adoption of green bond financing of infrastructure projects: the case of Ghana
Purpose – There is a pressing need to increase investments in sustainable infrastructure to promote low carbon economic growth and ensure environmental sustainability. Consequently, this study examines the socio-political factors underlying the adoption of green bond financing of infrastructure proj...
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| Format: | Article |
| Language: | English |
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Emerald Publishing
2022-12-01
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| Series: | Journal of Capital Markets Studies |
| Subjects: | |
| Online Access: | https://www.emerald.com/insight/content/doi/10.1108/JCMS-06-2022-0018/full/pdf |
| _version_ | 1797788818479251456 |
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| author | Prosper Babon-Ayeng Eric Oduro-Ofori De-Graft Owusu-Manu David James Edwards Ernest Kissi Augustine Senanu Komla Kukah |
| author_facet | Prosper Babon-Ayeng Eric Oduro-Ofori De-Graft Owusu-Manu David James Edwards Ernest Kissi Augustine Senanu Komla Kukah |
| author_sort | Prosper Babon-Ayeng |
| collection | DOAJ |
| description | Purpose – There is a pressing need to increase investments in sustainable infrastructure to promote low carbon economic growth and ensure environmental sustainability. Consequently, this study examines the socio-political factors underlying the adoption of green bond financing of infrastructure projects. Design/methodology/approach – Primary data was gathered from experts with advanced experience in, or knowledge of green bonds in the Kumasi Metropolis. To identify respondents with pertinent knowledge that is relevant to the study, purposive and snowball sampling techniques were used. One-sample t-test and relative importance index were used in this study's statistical analysis. Findings – ‘Training and experience with sustainable finance’ was seen as the most important social factor underlying the adoption of green bond financing of infrastructure projects by the respondents and ‘Governmental tax-based incentives’ was rated as the leading political factor. Originality/value – This pioneering research attempts to ascertain the socio-political factors affecting the adoption of green bond financing of infrastructure projects. Emergent results of analysis and concomitant discussions add knowledge to fill a void in literature on the social and political factors affecting the adoption of green bond financing of infrastructure projects in developing countries. |
| first_indexed | 2024-03-13T01:41:53Z |
| format | Article |
| id | doaj.art-8ac08928a9a14055b780f4b08ef49bdc |
| institution | Directory Open Access Journal |
| issn | 2514-4774 |
| language | English |
| last_indexed | 2024-03-13T01:41:53Z |
| publishDate | 2022-12-01 |
| publisher | Emerald Publishing |
| record_format | Article |
| series | Journal of Capital Markets Studies |
| spelling | doaj.art-8ac08928a9a14055b780f4b08ef49bdc2023-07-03T12:56:42ZengEmerald PublishingJournal of Capital Markets Studies2514-47742022-12-016330431910.1108/JCMS-06-2022-0018Socio-political factors underlying the adoption of green bond financing of infrastructure projects: the case of GhanaProsper Babon-Ayeng0Eric Oduro-Ofori1De-Graft Owusu-Manu2David James Edwards3Ernest Kissi4Augustine Senanu Komla Kukah5Department of Construction Technology and Management, Kwame Nkrumah University of Science and Technology, Kumasi, GhanaDepartment of Planning, Kwame Nkrumah University of Science and Technology, Kumasi, GhanaDepartment of Construction Technology and Management, Kwame Nkrumah University of Science and Technology, Kumasi, GhanaDepartment of Built Environment, Birmingham City University, Birmingham, UKDepartment of Construction Technology and Management, Kwame Nkrumah University of Science and Technology, Kumasi, GhanaSchool of Built Environment, Western Sydney University, Sydney, AustraliaPurpose – There is a pressing need to increase investments in sustainable infrastructure to promote low carbon economic growth and ensure environmental sustainability. Consequently, this study examines the socio-political factors underlying the adoption of green bond financing of infrastructure projects. Design/methodology/approach – Primary data was gathered from experts with advanced experience in, or knowledge of green bonds in the Kumasi Metropolis. To identify respondents with pertinent knowledge that is relevant to the study, purposive and snowball sampling techniques were used. One-sample t-test and relative importance index were used in this study's statistical analysis. Findings – ‘Training and experience with sustainable finance’ was seen as the most important social factor underlying the adoption of green bond financing of infrastructure projects by the respondents and ‘Governmental tax-based incentives’ was rated as the leading political factor. Originality/value – This pioneering research attempts to ascertain the socio-political factors affecting the adoption of green bond financing of infrastructure projects. Emergent results of analysis and concomitant discussions add knowledge to fill a void in literature on the social and political factors affecting the adoption of green bond financing of infrastructure projects in developing countries.https://www.emerald.com/insight/content/doi/10.1108/JCMS-06-2022-0018/full/pdfSocio-politicalGreen bondInfrastructureSustainable financeGhana |
| spellingShingle | Prosper Babon-Ayeng Eric Oduro-Ofori De-Graft Owusu-Manu David James Edwards Ernest Kissi Augustine Senanu Komla Kukah Socio-political factors underlying the adoption of green bond financing of infrastructure projects: the case of Ghana Journal of Capital Markets Studies Socio-political Green bond Infrastructure Sustainable finance Ghana |
| title | Socio-political factors underlying the adoption of green bond financing of infrastructure projects: the case of Ghana |
| title_full | Socio-political factors underlying the adoption of green bond financing of infrastructure projects: the case of Ghana |
| title_fullStr | Socio-political factors underlying the adoption of green bond financing of infrastructure projects: the case of Ghana |
| title_full_unstemmed | Socio-political factors underlying the adoption of green bond financing of infrastructure projects: the case of Ghana |
| title_short | Socio-political factors underlying the adoption of green bond financing of infrastructure projects: the case of Ghana |
| title_sort | socio political factors underlying the adoption of green bond financing of infrastructure projects the case of ghana |
| topic | Socio-political Green bond Infrastructure Sustainable finance Ghana |
| url | https://www.emerald.com/insight/content/doi/10.1108/JCMS-06-2022-0018/full/pdf |
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