TY - JOUR
T1 - DIMENSIONS OF SUSTAINABLE DEVELOPMENT IN RATIONALIZING DECISIONS TO GRANT GREEN FINANCE IN SAUDI BANKS
AU - Belouadah, Fateh
AU - Abdallah, Ahmed Saied Rahma
AU - Omar Mohammed, Mohammed
N1 - Publisher Copyright:
© 2023 by the author(s).
PY - 2023/12/31
Y1 - 2023/12/31
N2 - Green financing represents a great untapped opportunity, especially in Saudi Arabia and the other Gulf Cooperation Council countries, which are characterized by their developed capital markets, attracting investors from all over the world to pump their capital into projects that have an environmental and social impact, in addition to activating strong governance processes. The study aimed to examine the impact of the dimensions of sustainable development: environmental, social, and economic on green finance in Saudi national banks and fill the gap in sustainability and green finance research in Arabian countries, specifically in the Kingdom of Saudi Arabia. The study population covered the national banks in Riyadh city. The data was collected through a questionnaire and the sample size was 125 participants. The study applied linear regression models and the result revealed that the environmental dimension of sustainable development, the social dimension of sustainable development, and the economic dimension have a positive impact on green finance in Saudi banks.
AB - Green financing represents a great untapped opportunity, especially in Saudi Arabia and the other Gulf Cooperation Council countries, which are characterized by their developed capital markets, attracting investors from all over the world to pump their capital into projects that have an environmental and social impact, in addition to activating strong governance processes. The study aimed to examine the impact of the dimensions of sustainable development: environmental, social, and economic on green finance in Saudi national banks and fill the gap in sustainability and green finance research in Arabian countries, specifically in the Kingdom of Saudi Arabia. The study population covered the national banks in Riyadh city. The data was collected through a questionnaire and the sample size was 125 participants. The study applied linear regression models and the result revealed that the environmental dimension of sustainable development, the social dimension of sustainable development, and the economic dimension have a positive impact on green finance in Saudi banks.
KW - economic sustainability
KW - environmental sustainability
KW - green finance
KW - Saudi banks
KW - social sustainability
UR - http://www.scopus.com/inward/record.url?scp=85181755258&partnerID=8YFLogxK
U2 - 10.55643/fcaptp.6.53.2023.4200
DO - 10.55643/fcaptp.6.53.2023.4200
M3 - Article
AN - SCOPUS:85181755258
SN - 2306-4994
VL - 6
SP - 32
EP - 41
JO - Financial and Credit Activity: Problems of Theory and Practice
JF - Financial and Credit Activity: Problems of Theory and Practice
IS - 53
ER -
