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dc.contributor.authorBanhalmi-Zakar, Zsuzsa
dc.date.accessioned2019-03-06T02:36:14Z
dc.date.available2019-03-06T02:36:14Z
dc.date.issued2016
dc.identifier.issn0729-3682en_US
dc.identifier.doi10.1080/07293682.2016.1179657en_US
dc.identifier.urihttp://hdl.handle.net/10072/123764
dc.description.abstractFinancial institutions play an important role as financiers of development, yet little is known about the key players; what processes they employ, how they make decisions and whether the environmental outcomes of development feature in finance decisions. This paper provides some answers as to how banks perceive and deal with the environmental impacts of development drawing on the literature and a case study of development lending practices in Australia and Europe, in the pre-Global Financial Crisis era. The banks studied financed a diverse range of residential, commercial, and industrial, transport and social infrastructure developments through different schemes. The schemes used determined if and how environmental issues translated into financial risks and opportunities and impacted finance decisions. The banks relied heavily on development/planning or environmental approvals as well as assessments by non-environmental experts. Delays in obtaining approvals posed a significant risk to financiers and, consequently, to developers. Exposure to reputational risk was a major concern for the Australian bank, but fines for breaching environmental regulations were not regarded as a threat. Several recommendations are made to planning and environmental practitioners, regulators and banks on advancing practices that could improve environmental outcomes of urban development.en_US
dc.description.peerreviewedYesen_US
dc.languageEnglishen_US
dc.publisherRoutledgeen_US
dc.relation.ispartofpagefrom1en_US
dc.relation.ispartofpageto11en_US
dc.relation.ispartofjournalAustralian Planneren_US
dc.subject.fieldofresearchUrban and Regional Planning not elsewhere classifieden_US
dc.subject.fieldofresearchcode120599en_US
dc.titleThe impact of bank lending on the environmental outcomes of urban developmenten_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Sciences, Griffith School of Environmenten_US
gro.description.notepublicThis publication has been entered into Griffith Research Online as an Advanced Online Version.en_US
gro.hasfulltextNo Full Text
gro.griffith.authorBanhalmi-Zakar, Zsuzsa


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