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dc.contributor.authorChoudhury, Tonmoy
dc.contributor.authorKamran, Muhammad
dc.contributor.authorDjajadikerta, Hadrian Geri
dc.contributor.authorSarker, Tapan
dc.date.accessioned2021-11-16T04:29:16Z
dc.date.available2021-11-16T04:29:16Z
dc.date.issued2021
dc.identifier.issn0957-8811
dc.identifier.doi10.1057/s41287-021-00492-z
dc.identifier.urihttp://hdl.handle.net/10072/410134
dc.description.abstractConfronted with rapidly deteriorating climate change resulting from the use of fossil fuels, the transition to renewable energy has now become imminent. But this shift to renewable energy requires massive financial support from banks, affecting their default risk. Responding to the growing environmental concerns and reluctance among banks to increase their exposure in the renewable energy sector, this study presents unique and novel insights on the relationship between the share of renewable energy in the total energy supply of a country and banking risk. To this end, we obtained data for a sample of 80 international banks from 20 countries in the 2006–2017 period. On this data, we implemented a two-stage least squares (2SLS) regression analysis model. Our findings reveal that increasing the share of renewable energy in the total energy supply of a country significantly reduces banks’ default risk. To check the robustness of the results, we performed several tests which also endorsed the validity of our results.
dc.description.peerreviewedYes
dc.languageen
dc.publisherSpringer Science and Business Media LLC
dc.relation.ispartofjournalThe European Journal of Development Research
dc.subject.fieldofresearchApplied economics
dc.subject.fieldofresearchSociology
dc.subject.fieldofresearchPolitical economy and social change
dc.subject.fieldofresearchEconomic development policy
dc.subject.fieldofresearchcode3801
dc.subject.fieldofresearchcode4410
dc.subject.fieldofresearchcode440404
dc.subject.fieldofresearchcode440703
dc.titleCan Banks Sustain the Growth in Renewable Energy Supply? An International Evidence
dc.typeJournal article
dc.type.descriptionC1 - Articles
dcterms.bibliographicCitationChoudhury, T; Kamran, M; Djajadikerta, HG; Sarker, T, Can Banks Sustain the Growth in Renewable Energy Supply? An International Evidence, The European Journal of Development Research
dc.date.updated2021-11-16T03:55:03Z
gro.description.notepublicThis publication has been entered in Griffith Research Online as an advanced online version.
gro.hasfulltextNo Full Text
gro.griffith.authorSarker, Tapan


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