Financial Practices Research Articles

Integrating Sustainability: A Theoretical Review of Green Finance Practices and Their Impact on Organizational Performance

Integrating Sustainability: A Theoretical Review of Green Finance Practices and Their Impact on Organizational Performance

Until every pet has a home: fuzzy finances in American animal rescue economies

ABSTRACT In the United States of America, caring for lost, abandoned, and abused animals, what is known as ‘animal rescue,’ is an expensive activity that entails significant infusions of financial resources. Despite the millions, perhaps even billions, of dollars that move through animal rescue, saving animals is an unpredictable venture that often results in failure. In order to save as many animals as possible and work toward a hopeful future of no more unwanted pets, animal rescuers rely on financial instruments and systems that are explicitly intended to manage uncertainty. Drawing on longterm ethnographic research among American animal rescue communities, this article examines the financialization of care in animal rescue with attention to the financial tools, institutions, and practices that are used by animal rescuers and the ways in which financial institutions and other businesses tailor their products to support animal rescue activities and their supporters.

Exploring Trends in Financial Reporting and Business Growth

Financial reporting plays a crucial role in fostering transparency, accountability, and informed decision-making, all of which are essential for sustainable economic growth. With the increasing complexity of global markets, businesses must adopt ethical and transparent financial practices to ensure long-term viability and responsible resource management. This paper explores the evolving trends in financial reporting and their impact on business growth while aligning with the United Nations' Sustainable Development Goals (SDGs), particularly SDG 8 – Decent Work and Economic Growth and SDG 12 – Responsible Consumption and Production. In recent years, financial reporting standards have undergone significant transformations due to advancements in technology, regulatory reforms, and the growing emphasis on sustainability. International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) have introduced measures that promote uniformity, ensuring comparability and reliability of financial statements across industries. Furthermore, the integration of Environmental, Social, and Governance (ESG) reporting has become a vital aspect of financial disclosure, allowing stakeholders to assess a company’s sustainability efforts alongside its financial performance. As businesses face mounting pressure from investors, regulators, and consumers, the adoption of ESG frameworks has emerged as a key determinant of long-term profitability and corporate responsibility. A major trend shaping financial reporting is the adoption of technology-driven solutions, including artificial intelligence (AI), blockchain, and big data analytics. These innovations streamline financial processes, minimize fraud, and enhance accuracy in reporting. Blockchain technology, in particular, has gained prominence for its ability to provide immutable financial records, reducing the risks associated with financial misstatements and fraudulent activities. As companies integrate digital solutions into their financial operations, they not only improve efficiency but also strengthen stakeholder trust, which is essential for sustained business growth. Another critical aspect of financial reporting is its role in supporting sustainable business practices. Responsible consumption and production (SDG 12) emphasize the need for businesses to disclose their environmental and social impact transparently. Many corporations now publish integrated reports that combine financial and non-financial information, highlighting their sustainability initiatives, carbon footprint, and corporate social responsibility (CSR) efforts. By adopting sustainable financial reporting, businesses can enhance their reputation, attract socially responsible investors, and contribute to a more equitable economy. Additionally, regulatory bodies worldwide are implementing stricter guidelines to ensure ethical financial practices. Governments and international organizations have introduced policies that mandate greater transparency in corporate financial statements, reducing corruption and promoting fair competition. Compliance with these regulations not only mitigates financial risks but also fosters an environment conducive to economic growth. The intersection of financial reporting and business growth underscores the importance of ethical financial management in achieving sustainable development. Organizations that embrace transparency, digital transformation, and sustainability reporting can enhance their market credibility and drive economic progress. As global economies strive for stability and resilience, financial reporting serves as a cornerstone in achieving the SDGs, ensuring businesses contribute positively to social and environmental well-being. This study concludes that the future of financial reporting lies in adopting sustainable, technology-driven, and regulatory-compliant frameworks. By prioritizing ethical and transparent financial practices, businesses can align with global sustainability goals, reinforce investor confidence, and foster economic prosperity.

Role of Green Financing in Enhancing Financial Stability of Commercial Banks in Ghana

Purpose: The purpose of this article was to analyze role of green financing in enhancing financial stability of commercial banks in Ghana. Methodology: This study adopted a desk methodology. A desk study research design is commonly known as secondary data collection. This is basically collecting data from existing resources preferably because of its low cost advantage as compared to a field research. Our current study looked into already published studies and reports as the data was easily accessed through online journals and libraries. Findings: Green financing in Ghana is in its early stages, with limited immediate profitability for commercial banks. However, adopting green finance practices can enhance banks' long-term financial stability by mitigating environmental risks and aligning with global sustainability trends. Initiatives like the Ghana Sustainable Banking Principles, adopted by all 24 commercial banks, aim to integrate environmental and social considerations into banking operations, promoting resilience and stability. Unique Contribution to Theory, Practice and Policy: Stakeholder theory, institutional theory & resource-based view (RBV) may be used to anchor future studies on the role of green financing in enhancing financial stability of commercial banks in Ghana. Commercial banks should develop green finance risk assessment tools to evaluate environmental risks associated with loan and investment portfolios, reducing exposure to high-risk sectors affected by climate change. Central banks and financial regulators should implement green capital adequacy requirements, ensuring that commercial banks allocate a minimum percentage of their loan portfolios to green projects to promote sustainable financial stability.

Building a Comprehensive Model for Measuring and Analyzing Financial Literacy of Vietnamese Students: An Sem Approach

Objective: This study aims to build a comprehensive model to measure and synthesize Vietnamese students' Financial Literacy. Theoretical Framework: This paper adopted the OECD (2018) framework to measure financial literacy. The theory of planned behavior (Ajzen, 1991) provided a solid theoretical background for the study. We constructed the questionnaire based on the studies of Lusardi and Mitchell (2011) and Potrich et al. (2016). Method: We conducted a hybrid survey on a sample of 4,146 students in Vietnam and applied Structural Equation Modelling (SEM) to examine the interrelationships among three pillars of financial literacy. Results and Discussion: Financial Knowledge significantly impacts Financial Attitude and Behavior. Moreover, Basic Financial Knowledge is critical to Financial Attitude and Behavior. Students with higher basic knowledge scores tend to have good financial behavior practices. Young people are risk-averse and likely to control their spending and expenses tightly. Research Implications: This study is relevant to SDGs 4, 5, and 10. They help policymakers design and implement appropriate finance educational programs for Vietnamese youths to facilitate good practices in personal financial management and improve public awareness of its significance. The results provide a practical framework for related stakeholders to develop appropriate solutions for personal finance. Originality/Value: This study contributes to the literature by building a comprehensive model with an SEM approach to measure and examine the nature of Vietnamese students' financial literacy. Our study validates the theoretical framework for financial literacy in Vietnam with an inclusive sample. We adjusted the questionnaire to measure basic and advanced knowledge and clarified financial attitudes and behavior. Our study provides a basis for making a curriculum to educate students about financial management and behavior toward financial health and well-being, which contributes significantly to SDG4, 5, and 10.

Financial management practices and life satisfaction: The mediating role of financial satisfaction

Financial management practices and life satisfaction: The mediating role of financial satisfaction

SUSTAINABLE FINANCE: A COMPREHENSIVE ANALYSIS OF RISKS AND TECHNOLOGICAL INNOVATION IN INDIA

Purpose: This paper analyzes the impact of green loans and sustainability-linked loans on India's financial and environmental sustainability. It explores the adoption of sustainable finance practices within India's unique socio-economic, regulatory, and technological framework, focusing on their influence on risk management and technological innovation in the financial sector. Design/methodology/approach: A mixed-method research approach has been adopted through the use of surveys, interviews, case studies with financial institutions in India, and econometric techniques to analyze the relationship of sustainable finance practice, financial risk management, and technological advancement in the sector. Findings: Green loans and sustainability-linked loans are positively impacting both financial stability and environmental sustainability in India by being a good practice of sustainable finance. Key technological innovations, such as AI and data analytics, will drive these improvements. Originality: This research is one of the first comprehensive studies focusing on sustainable finance in India, especially in the area of risk management and technological innovation. It fills a critical gap in the literature by exploring how India's financial institutions integrate sustainability into their operations in the context of an emerging economy. Research limitations/implications : Limitations in the study include restricted access to proprietary data from financial institutions and regional variations in the adoption of sustainable finance, which may affect generalization. Social effects: This study provides very valuable insights to policymakers, financial institutions, and investors in India as they seek strategies that bring together financial growth and environmental and social sustainability. It contributes to the efforts of India toward the attainment of climate goals and the UN SDGs. KEYWORDS: Sustainable finance, financial risks, technical innovation, green bonds, fintech, policy implications

Examining financial well-being among students: Islamic social finance and theory of planned behavior approach

Purpose – This study explores the interconnections between financial attitudes, subjective norm, perceived behavioral control, and Islamic social finance toward financial well-being. It examines how these factors contribute to financial stability, particularly within the context of Islamic finance.Methodology – This study used a quantitative approach, and data analysis was conducted using SPSS 30. This study applied regression, correlation, and factor analyses to examine the relationships between the variables. Data were validated through reliability testing, normality assessments, and evaluations of construct validity to ensure methodological rigor and accuracy.Findings – The results showed a significant relationship between attitudes, subjective norm, strong perceived behavioral control, and Islamic social finance toward financial well-being. These findings validated our hypotheses.Implications – This study provides valuable insights for policymakers, financial institutions, and educators by highlighting the importance of fostering positive financial attitudes, enhancing financial self-efficacy, and promoting Islamic social finance practices. These findings can guide strategies to improve financial well-being across diverse socioeconomic groups.Originality – This study contributes to the literature by providing a comprehensive analysis of how the theory of planned behavior and Islamic social finance collectively influence financial well-being.

Impact of Resource Management on Agricultural Project Performance

Resource management is fundamental to the success of organizations and governments, optimizing efficiency and performance across sectors. Despite initial investments in 2016 aimed at boosting milk production, the factory faced funding and management challenges, leading to operational inefficiencies. Privatization efforts did not resolve these issues, and in 2021, the facility was sold at a significant loss. This case highlights the complexities of project management in resource-limited public-private agricultural initiatives. This study assessed the effect of project resource management on agricultural projects in Burera District, Rwanda, focusing on financial, human, and material resource management. Grounded on the Resource-Based View and Goal Setting Theories, the research aimed to analyze their impact on project performance, providing insights into addressing resource management challenges. The study used descriptive survey and correlational research designs. A census of 92 participants, including project beneficiaries and other stakeholders from Burera District, were selected. Data was gathered through interviews and questionnaire. To establish the validity of instruments, instruments were pre-tested through a pilot by administering the questionnaires to 10 respondents, constituting 10% of the census. The results gave a Content Validity Index of 0.91 and a Cronbach's alpha reliability coefficient of 0.813. Descriptive and inferential statistics of Correlation and Regression were conducted at a significance level of 0.05. Three null hypotheses were tested including: H01: There is no significant effect of financial resource management (P=0.000<0.05); human resource management (P=0.000<0.05); material resource management (P=0.000<0.05) on performance of Agricultural projects were rejected. Therefore, the study concluded that project resource management significantly influences the performance of Agricultural projects. The study recommends that the Government enhance breeding programs by integrating material, human, and financial resource management, ensuring breeder certification, tailored HR training, and transparency in financial practices. The government and Rwanda Dairy Development Project management should integrate resource management, enhance transparency, and provide tailored staff training. Future research should investigate advanced stakeholders’ management practices on performance of agricultural projects.

Financial Management Practices of Public Elementary School Heads in Their Maintenance and Other Operating Expenses (MOOE)

Education is the cornerstone of societal development. To provide quality education, it is essential to ensure that the educational institutions are adequately equipped, maintained, and resourced. Central to this endeavor is the prudent management of finances, specifically in the context of Schools’ Maintenance and Other Operating Expenses (MOOEs). This study delves into the financial management practices concerning MOOE funds among Public Elementary School Heads in the Schools Division of Ilocos Norte. It investigates their current practices through a descriptive-correlational research design. The research engages 144 school heads and officers-in-charge from the First Congressional District, utilizing surveys and questionnaires. Findings reveal that surveyed schools predominantly enroll a moderate enrolment, with instructional rooms as the primary building type and a majority of teachers holding the rank of Teacher III. The assessment highlights a very high level of financial management practices related to MOOE funds among School Heads, reflecting an expert level of financial management at Career Stage 4. Correlation analysis suggests a potential influence of teacher hierarchy on financial management practices. The conclusions drawn emphasize the need for strategic planning, efficient resource allocation, and proactive measures to ensure efficient and effective MOOE fund utilization.

Penerapan Green Practice pada Bisnis Usaha Kecil Menengah (UKM) Kuliner di Kota Bandung

Small and Medium Enterprises (SMEs) dominate the number of businesses in Indonesia, yet many SME owners are unaware of the importance of implementing green practices in their operations. This study aims to evaluate the implementation of green practices in marketing, operations, and finance within SMEs. The main challenge in adopting a sustainable mindset is the lack of awareness and collaboration between stakeholders for climate change mitigation and adaptation. The proposed solution is to ensure that investments support environmental, social, and governance (ESG) aspects (Otoritas Jasa Keuangan, 2021). The study's findings show that in marketing, Pipinos has adopted eco-friendly packaging, while Nara offers discounts for customers who use their own containers. In terms of finance, both SMEs have not utilized green financing options. Nara is currently applying for a tax relief program from the Environmental Agency for businesses meeting environmental standards. In operations, Pipinos has not optimized energy and water usage, while Nara manages wastewater through a multi-stage treatment process, producing clean water. This research highlights the importance of raising SME owners' awareness of green practices and the need for support from various stakeholders to accelerate sustainable transformation, which is a strategic step in supporting climate change mitigation and environmental sustainability.

Need to Revisit the Arm’s Length Range in the Proposal for EU Directive on Transfer Pricing

p class="MsoNormal"The article investigates a specific aspect of the proposal for an EU directive on transfer pricing: the arm’s length range. The matter is addressed in Article 12 of the proposal which states that only the interquartile range of values resulting from the benchmark can be considered as being at arm’s length. This provision is in contrast with the indication of the OECD Guidelines and the national transfer pricing provisions of various EU Member States applying the OECD Guidelines, among which are Germany, Italy, the Netherlands, Slovenia, and Spain. Both the guidelines and the national rules establish that, when the level of comparability of the benchmarked observations is high, the full range of results can be considered as being at AL. The full range approach is often implemented in the financial transfer pricing practice, and the article highlights the evident mismatch between the proposal and the current transfer pricing reality. In the final section, the author proposes an amendment to address such a lack of correspondence between the proposal and the current OECD framework that is likely to create uncertainty for taxpayers if Article 12 is not readjusted before the proposal’s approval.o:p/o:p

ANALISIS PENGARUH LITERASI KEUANGAN DAN SIKAP KEUANGAN TERHADAP PERILAKU MANAJEMEN UMKM DI KOTA MAKASSAR

The need for careful financial management in order for MSMEs to adjust and prosper in a cutthroat market is what motivates this study. Effective financial management is frequently a challenge for MSMEs with inadequate financial literacy and proper financial attitudes. This study looks into how financial attitudes and financial literacy affect MSMEs' financial management practices in Makassar City. Questionnaires were used to gather data as part of a quantitative research approach. The findings indicate a significance level of 0.000, which is less than 0.05, and a F value of 18.749, which is higher than the F table value of 3.091. This indicates that the financial behavior variable is highly influenced by financial attitudes and financial knowledge. According to the analysis conducted with SPSS 26, financial attitudes and financial literacy have a major influence on the financial management behavior of MSMEs in Makassar City.

Carbon reduction and green finance innovations: A scientometric analysis using bibliometrics and DTM model.

Carbon reduction and green finance innovations: A scientometric analysis using bibliometrics and DTM model.

Navigating Unreasonable, Unsustainable and Unjust Financial Practices: Experiences of Indigenous Small Business Owners

Indigenous peoples continue to be underrepresented in small businesses in Australia. The aim of this paper was to explore the financial practices impacting the sustainability of Indigenous small business owners. We sought to find out how Indigenous Australian small business owners sustain their small businesses by exploring the associated financial practices. To achieve this, we conducted 45 interviews with Indigenous small business owners and stakeholders. We analysed the interviews to identify themes and then grouped the themes into three categories: (1) personal, relational and institutional considerations; (2) operational (internal and external) challenges; and (3) development challenges (that hinder business operations). We found unreasonable, unsustainable and/or unjust financial practices across the personal, relational and institutional considerations that Indigenous Australian small business owners face. Based on these findings, we recommend changes to provide government-funded opportunities for Indigenous graduates to offer business training. We also advocate for increased access to funding for Indigenous small businesses and analysis of loan frameworks nationally to identify ways to transform financial practices associated with lending. Our recommendations, if adopted, could help to further strengthen support initiatives that benefit Indigenous Australians.

The Influence of Fintech Adoption and Cashless Payment Behavior on Financial Management Practices in Generation Z

This study examines the influence of Fintech Adoption and Cashless Payment Behavior on Financial Management Practices in Generation Z, a generation known to be highly adaptive to digital technology. Using a quantitative survey-based approach, this study collected data from respondents aged 21–27 years who represent the profile of Generation Z. The analysis was conducted using the Structural Equation Modeling (SEM) method to identify the relationship between independent and dependent variables. The results of the study indicate that Cashless Payment Behavior has a significant influence on improving financial management, especially through features such as real-time expense tracking and better budget planning. In contrast, Fintech Adoption shows a positive but insignificant relationship to Financial Management Practices, indicating the need for better financial literacy so that financial technology can be utilized optimally. This study emphasizes the importance of developing a digital financial literacy strategy to encourage Generation Z to utilize the potential of financial technology more effectively. In addition, this study opens up opportunities to explore other factors that influence financial management, such as social norms and consumption behavior patterns. These findings provide important contributions for policy makers and financial technology service providers in designing technology-based solutions that are more integrated with the needs of the younger generation in the digital era.

The Influence of Financial Literacy and Practical Budgeting on Financial Stability on Ecommerce Business Performance

This study explores the influence of financial literacy and budgeting practices on financial stability among the younger generation involved in e-commerce. In the context of the rapid growth of the e-commerce sector, especially in the digital era, a deep understanding of financial management is crucial for young business actors. Through a quantitative approach, this study collects data from business actors who have been operating for at least one year, with a focus on how financial literacy and budgeting practices can improve financial performance and business sustainability. The results show that both financial literacy and budgeting practices have a significant positive influence on financial stability. The application of financial literacy allows individuals to make wiser financial decisions, while effective budgeting practices help in resource management and expenditure control. These findings provide important insights for the development of relevant financial education policies and training programs, to prepare the younger generation to face financial challenges in the world of e-commerce. As such, the research not only contributes to the academic literature, but also offers practical recommendations for improving individuals' financial well-being and business sustainability in the digital age.

AI Innovations in Cloud Financial Operations: A Framework for the Future

This dissertation critically examines the integration of artificial intelligence (AI) within cloud financial operations (FinOps) to enhance both the efficiency and adaptability of financial management. Specifically, it addresses the critical concern of inadequacies in current FinOps strategies, which often fail to effectively predict and mitigate financial risks associated with fluctuations in cloud investments. The study employs a systematic analysis of historical financial data, operational performance metrics, and AI predictive models to uncover robust strategies for future-proofing cloud FinOps. Key findings indicate that leveraging AI not only improves forecasting accuracy and risk assessment but also empowers organizations to optimize cloud expenditures while ensuring financial stability in the face of dynamic market conditions. The importance of these findings lies in their capacity to fundamentally transform financial management practices. By adopting AI-enhanced FinOps strategies, organizations can mitigate financial risks and foster sustainable financial practices that promote continuous innovation and efficiency in service provision. Furthermore, the broader implications of this research extend to shaping policy decisions and refining operational frameworks. These advancements ultimately aim to support more resilient financial management systems that are better equipped to navigate the rapidly evolving landscape of cloud technology and its accompanying financial complexities, prompting deeper inquiry into the efficacy and application of AI in diverse organizational contexts.

Does rebate in deferred sales differ from rebate in loans? A critical appraisal of discretionary rebate practice in Islamic finance

Does rebate in deferred sales differ from rebate in loans? A critical appraisal of discretionary rebate practice in Islamic finance

A Study on Financial Planning and Expenditure Patterns of Female College Students

This study explores the budgeting and spending behavior of female college students based on a survey conducted through Google Forms. The data includes students' financial sources, spending habits, savings practices, and financial challenges. The study aims to analyze patterns and identify factors influencing students' financial decisions. The results highlight the dependency on parental support, budgeting challenges, and the importance of financial literacy for fostering financial independence. Keywords: Budgeting, College Students, Spending Behaviour, Financial Management, Savings, Expenditure