TY - JOUR
T1 - Socio-political factors underlying the adoption of green bond financing of infrastructure projects
T2 - the case of Ghana
AU - Babon-Ayeng, Prosper
AU - Oduro-Ofori, Eric
AU - Owusu-Manu, De Graft
AU - Edwards, David James
AU - Kissi, Ernest
AU - Kukah, Augustine Senanu Komla
N1 - Publisher Copyright:
© 2022, Prosper Babon-Ayeng, Eric Oduro-Ofori, De-Graft Owusu-Manu, David James Edwards, Ernest Kissi and Augustine Senanu Komla Kukah.
PY - 2022/12/5
Y1 - 2022/12/5
N2 - 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.
AB - 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.
KW - Ghana
KW - Green bond
KW - Infrastructure
KW - Socio-political
KW - Sustainable finance
UR - http://www.scopus.com/inward/record.url?scp=85144446790&partnerID=8YFLogxK
U2 - 10.1108/JCMS-06-2022-0018
DO - 10.1108/JCMS-06-2022-0018
M3 - Article
AN - SCOPUS:85144446790
SN - 2514-4774
VL - 6
SP - 304
EP - 319
JO - Journal of Capital Markets Studies
JF - Journal of Capital Markets Studies
IS - 3
ER -