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Joseph Ofori-dankwa - One of the best experts on this subject based on the ideXlab platform.

  • Financial Resource availability and corporate social responsibility expenditures in a sub‐Saharan economy: The institutional difference hypothesis
    Strategic Management Journal, 2013
    Co-Authors: Scott D. Julian, Joseph Ofori-dankwa
    Abstract:

    Studies done in developed economies have demonstrated a positive relationship between Financial Resource availability and CSR. Arguments that we term the Institutional Difference Hypothesis (IDH) drawn from the institutional literature, however, suggest that institutional differences between developed and developing economies are likely to result in different CSR implications. Integrating the logic of IDH with insights from slack Resources theory, we argue that there exists a negative relationship between Financial Resource availability and CSR expenditures for firms in Ghana, a sub-Saharan African emerging economy. We use lagged data from the Ghana Investment Promotion Centre and find that Return on Sales, Return on Equity, and Net Profitability were consistently associated with lower CSR expenditures. We highlight the implications of our findings for research and managers.

Khalid Zaman - One of the best experts on this subject based on the ideXlab platform.

  • dynamic interaction between Financial development and natural Resources evaluating the Resource curse hypothesis
    Resources Policy, 2020
    Co-Authors: Muhammad Asif, Khan Burhan Khan, Muhammad Khalid Anser, Abdelmohsen A Nassani, Muhammad Moinuddin Qazi Abro, Khalid Zaman
    Abstract:

    Abstract The role of natural Resources in promoting economic and Financial activities is important for attaining country's economic growth. The study used different natural Resource rents, domestic investment, trade openness, per capita income and their resulting impact on Financial development in order to assess ‘Financial Resource curse’ hypothesis in Pakistan by using a consistent time series data from 1975 to 2017. The study employed ARDL-Bounds testing approach that is fairly worked under different order of integrated variables and displayed short- and long-run parameter estimates. Further, the study used VAR decomposition analysis to generate Impulse Response Function (IRF) and Variance Decomposition Analysis (VDA) to assessed forecasted variance and error shocks over a next 10 year time period. The results show that, in the short-run, initial level of forest rents and oil rents supported the ‘natural Resource abundance’ hypothesis, as both the rents substantially increases country's Financial development, however, in the long-run, there is a negative relationship of coal rents, forest rents, natural gas rents, and oil rents with domestic credit to private sector (DCPS), which confirmed the ‘natural curse hypothesis’ in a country. The domestic investment in the form of gross fixed capital formation (GFCF) largely supported the Financial activities with all given Resource rents in the models, while country's per capita income unable to signify its positive impact on DCPS under the Resource curse environment during the study time period. The other results show that coal rents and oil rents decreases broad money supply whereas natural gas rents decreases market capitalization to validate ‘Financial Resource curse’ hypothesis in a country. The results of IRF and VDA approach confirmed the viability of both the competing natural Resource theories (i.e., Financial Resource curse and Financial Resource blessing hypothesis) under Financial development in the next 10 year time period.

Panayiotis Tzeremes - One of the best experts on this subject based on the ideXlab platform.

  • The analysis of ‘Financial Resource Curse’ hypothesis for developed countries: Evidence from asymmetric effects with quantile regression
    Resources Policy, 2020
    Co-Authors: Eyup Dogan, Buket Altinoz, Panayiotis Tzeremes
    Abstract:

    Abstract A vast body of literature either proxies natural Resource abundance with total rents or focuses on the natural Resource curse hypothesis. Furthermore, most empirical studies in the literature use traditional estimation methods. To fill the mentioned gaps, this study investigates the Financial Resource curse hypothesis by using the linkage between Financial development and four natural Resource rents (oil rents, coal rents, forest rents and natural gas rents) and applying the panel quantile regression with fixed effects on a dataset for a group of developed countries. This study finds that oil rents, coal rents, forest rents and natural gas rents have a positive effect on Financial development, which supports Financial Resource blessing against Financial Resource curse for developed countries. In addition, a robust examination is conducted by applying the Canay two-step framework. The outcomes verify the main findings although the incremental effect on Financial development of forest rents is greater than the other three proxies. This situation can be described as critical for the sustainability of developments related to natural Resource rents in Financial development and new set of suggestions can be made for policymakers.

Scott D. Julian - One of the best experts on this subject based on the ideXlab platform.

  • Financial Resource availability and corporate social responsibility expenditures in a sub saharan economy the institutional difference hypothesis
    Southern Medical Journal, 2013
    Co-Authors: Scott D. Julian, Joseph Oforidankwa
    Abstract:

    Studies done in developed economies have demonstrated a positive relationship between Financial Resource availability and CSR. Arguments that we term the Institutional Difference Hypothesis (IDH) drawn from the institutional literature, however, suggest that institutional differences between developed and developing economies are likely to result in different CSR implications. Integrating the logic of IDH with insights from slack Resources theory, we argue that there exists a negative relationship between Financial Resource availability and CSR expenditures for firms in Ghana, a sub-Saharan African emerging economy. We use lagged data from the Ghana Investment Promotion Centre and find that Return on Sales, Return on Equity, and Net Profitability were consistently associated with lower CSR expenditures. We highlight the implications of our findings for research and managers.

  • Financial Resource availability and corporate social responsibility expenditures in a sub‐Saharan economy: The institutional difference hypothesis
    Strategic Management Journal, 2013
    Co-Authors: Scott D. Julian, Joseph Ofori-dankwa
    Abstract:

    Studies done in developed economies have demonstrated a positive relationship between Financial Resource availability and CSR. Arguments that we term the Institutional Difference Hypothesis (IDH) drawn from the institutional literature, however, suggest that institutional differences between developed and developing economies are likely to result in different CSR implications. Integrating the logic of IDH with insights from slack Resources theory, we argue that there exists a negative relationship between Financial Resource availability and CSR expenditures for firms in Ghana, a sub-Saharan African emerging economy. We use lagged data from the Ghana Investment Promotion Centre and find that Return on Sales, Return on Equity, and Net Profitability were consistently associated with lower CSR expenditures. We highlight the implications of our findings for research and managers.

Ram Bahadur Thapa - One of the best experts on this subject based on the ideXlab platform.

  • Financial Resource Mobilization in Pokhara Sub-Municipal Corporation
    Journal of Nepalese Business Studies, 2006
    Co-Authors: Ram Bahadur Thapa
    Abstract:

    Local bodies can play a vital role in nation building process through efficient mobilization of local Financial Resource. Financial Resource mobilization includes both raising the adequate revenue and optimal allocation of funds to meet the local people’s needs. Municipality finances its expenditures with internal and external revenues. It has to increase its efficiency in allocating Financial Resources to maximize the marginal productivity of Resources. Journal of Nepalese Business Studies Vol.1(1) 2004 pp.81-84