Factors Influencing Bankers’ Intention to Adopt Green Finance in Pakistan
Keywords:Green Banking, Policy Guidelines, Attitude Towards Usage, Central Bank Regulations, Management Commitment and Support, Pakistan
The purpose of this study is to investigate factors that influence bankers’ intention to adopt green banking in Pakistan. Green banking refers to providing environment-friendly banking services and financial products through environment-friendly banking operations and infrastructure. It can be referred to as sustainable lending and depository products and bank’s services through sustainable banking operations and infrastructure. The data for this study was collected from 250 respondents through a structured questionnaire. Data analysis was performed using the partial least squares (PLS) approach. The study’s findings indicate that Policy Guidelines, Attitude towards usage, Central Bank Regulations, and Management commitment and support influence bankers’ intention to adopt green banking in Pakistan. This research will help the State bank of Pakistan and the bank’s senior management to identify the key factors influencing the adoption of green banking in Pakistan.
Ahmad, F., Zayed, N. M., & Harun, A. (2013). Factors behind the Adoption of Green Banking by Bangladeshi Commercial Banks. ASA University Review, 7(2), 241–255. http://www.asaub.edu.bd/data/asaubreview/v7n2sl19.pdf
Aleem, M., & Bowra, Z. A. (2020). Role of training & development on employee retention and organizational commitment in the banking sector of Pakistan. Review of Economics and Development Studies, 6(3), 639–650. https://doi.org/10.47067/reads.v6i3.252
Alshibly, H. H. (2011). An extended TAM model to evaluate user’s acceptance of electronic cheque clearing systems at jordanian commercial banks. Australian Journal of Basic and Applied Sciences, 5(5), 147–156.
Alwahaishi, S., & Snášel, V. (2013). Consumers’ acceptance and use of information and communications technology: A UTAUT and flow based theoretical model. Journal of Technology Management and Innovation, 8(2), 61–73. https://doi.org/10.4067/s0718-27242013000200005
Anderson, E. W. (1998). Customer satisfaction and word of mouth. Journal of Service Research, 1(1), 5–17. https://doi.org/10.1177/109467059800100102
Bai, Y. (2011). Financing a Green Future: An examination of China’s banking sector for green finance [University of the Aegean (Greece), Central European University (Hungary), Lund University (Sweden) and the University of Manchester (United Kingdom)]. http://lup.lub.lu.se/luur/download?func=downloadFile&recordOId=2203222&fileOId=220322
Bhardwaj, B. R., & Malhotra, A. (2013). Green Banking Strategies: Sustainability through Corporate Entrepreneurship. Greener Journal of Business and Management Studies, 3(4), 180–193. https://doi.org/10.15580/gjbms.2013.4.122412343
Chaudhry, I. S., Azali, M., Faheem, M., & Ali, S. (2020). Asymmetric Dynamics of Oil Price and Environmental Degradation: Evidence from Pakistan. Review of Economics and Development Studies, 6(1), 1–12. https://doi.org/10.47067/reads.v6i1.179
Chin, W. W., Marcelin, B. L., & Newsted, P. R. (2003). A partial least squares latent variable modeling approach for measuring interaction effects: Results from a Monte Carlo simulation study and an electronic-mail emotion/adoption study. Information Systems Research, 14(2), 127–219. https://doi.org/10.1287/isre.184.108.40.20618
Fornell, C., & Larcker, D. F. (1981). Evaluating Structural Equation Models with Unobservable Variables and Measurement Error. Journal of Marketing Research. https://doi.org/10.2307/3151312
Goyal, K. A., & Joahi, V. (2011). A STUDY OF SOCIAL AND ETHICAL ISSUES IN BANKING INDUSTRY. International Journal of Economics and Research, 2(5), 49–57.
Green Wiki. (2015). Green Banking | Green Wiki | Fandom. https://green.wikia.org/wiki/Green_Banking
Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2014). Multivariate Data Analysis (7th Editio). Pearson Education Limited.
Hossain, D. M., Al Bir, A. T. S., Tarique, K. M., & Momen, A. (2016). Disclosure of Green Banking Issues in the Annual Reports?: A Study on Bangladeshi Banks. Middle East Journal of Business, 11(1), 19–30. https://doi.org/10.5742/mejb.2015.92758
Ifinedo, P. (2011). Internet/e-business technologies acceptance in Canada’s SMEs: An exploratory investigation. Internet Research, 21(3), 255–281. https://doi.org/10.1108/10662241111139309
Khan, M. T. A. (2012, June 5). World Environment Day Special. The Daily Star. http://archive.thedailystar.net/suppliments/2012/environment/pg1.htm
Khan, M. Z. U., Bin Dost, M. K., Akram, M. W., & Sabri, P. S. U. (2019). Energy Consumption in Agriculture Sector, environmental cleanliness and Economic Growth: An Empirical Evidence of South Asian Countries. Review of Economics and Development Studies, 5(3), 429–436. https://doi.org/10.26710/reads.v5i3.690
Martín, S. S., López-Catalán, B., & Ramón-Jerónimo, M. A. (2012). Factors determining firms’ perceived performance of mobile commerce. Industrial Management and Data Systems, 112(6), 946–963. https://doi.org/10.1108/02635571211238536
Masood, J., Farooq, F., & Saeed, M. (2015). CO2 and Environment Change Evidence from Pakistan. Review of Economics and Development Studies, 1(2), 57–72. https://doi.org/10.26710/reads.v1i2.116
Masukujjaman, M., & Aktar, S. (2014). Green Banking in Bangladesh: A Commitment towards the Global Initiatives. Journal of Business and Technology (Dhaka), 8(1–2), 17–40. https://doi.org/10.3329/jbt.v8i1-2.18284
Millat, K. M., Chowdhury, R., & Singha, E. A. (2012). Green Banking in Bangladesh: Fostering Environmentally Sustainable Inclusive Growth Process. Bangladesh Bank. http://www.bangladesh-bank.org/pub/special/greenbankingbd.pdf
Munchow, S. T. (2011). Geschäftspolitik von ethisch respektive sozial orientierten Banken im Vergleich zu herkömmlichen renditeorientierten Banken. https://www.grin.com/document/184405
Nath, V., Nayak, N., & Goel, A. (2014). GREEN BANKING PRACTICES – A REVIEW. International Journal of Research in Business Management, 2(4), 45–62. http://oaji.net/articles/2014/490-1399966602.pdf
Parveen, S., Ali, H., Sahibzada, H. E., & Farooq, S. (2020). A Causal Nexus of Energy Consumption, Private Investment, Economic Growth and Environmental Degradation: Evidence from Pakistan. Review of Economics and Development Studies, 6(2), 267–276. https://doi.org/10.47067/reads.v6i2.204
Parveen, S., Khan, A. Q., & Farooq, S. (2019). The Causal Nexus of Urbanization, Industrialization, Economic Growth and Environmental Degradation: Evidence From Pakistan. Review of Economics and Development Studies, 5(4), 721–730. https://doi.org/10.26710/reads.v5i4.883
Rahman, M. M., Ahsan, M. A., Hossain, M. M., & Hoq, M. R. (2013). Green Banking Prospects in Bangladesh. Asian Business Review. https://doi.org/10.18034/abr.v2i2.112
Raluca, D. O. (2013). Pathways to Sustainable Banking Management. The Journal of the Faculty of Economics, 1(2), 545–550.
Ramdani, B., Kawalek, P., & Lorenzo, O. (2009). Predicting SMEs’ adoption of enterprise systems. Journal of Enterprise Information Management, 22(1–2), 10–24. https://doi.org/10.1108/17410390910922796
Rehman, A. (2015). Bangladesh Bank Governor Speech on Socially Responsible Financing.
Rosenfeld, E., & Tchapi, P. D. T. (2007). Environmental Concerns and Banking Sector in Sweden [University of Skövde]. http://his.diva-portal.org/smash/get/diva2:2178/FULLTEXT01.pdf
Starogiannis, D. (2006). What is the Environmental Responsibility of Banks? UNEP FI Conference 22-6-06. http://www.unepfi.org/fileadmin/events/2006/athens/7_starogiannis.pdf
Thombre, K. A. (2011). The New Face of Banking: Green Banking. Golden Research Thoughts, 1(1), 1–4.
Ullah, M. M. (2013). World Review of Business Research Green Banking in Bangladesh- A Comparative Analysis Ullah. World Review of Business Research, 3(4), 74–83.