Socio-political factors underlying the adoption of green bond financing of infrastructure projects: the case of Ghana
Babon-Ayeng, Prosper and Oduro-Ofori, Eric and Owusu-Manu, De-Graft and Edwards, David J. and Kissi, Ernest and Kukah, Augustine Senanu Komla (2022) Socio-political factors underlying the adoption of green bond financing of infrastructure projects: the case of Ghana. Journal of Capital Markets Studies, 6 (3). pp. 304-319. ISSN 2514-4774
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Abstract
Purpose
There is a pressing need to increase investments in sustainable infrastructure to promote low carbon economic growth and ensure environmental sustainability. Consequently, this study examines the socio-political factors underlying the adoption of green bond financing of infrastructure projects.
Design/methodology/approach
Primary data was gathered from experts with advanced experience in, or knowledge of green bonds in the Kumasi Metropolis. To identify respondents with pertinent knowledge that is relevant to the study, purposive and snowball sampling techniques were used. One-sample t-test and relative importance index were used in this study's statistical analysis.
Findings
‘Training and experience with sustainable finance’ was seen as the most important social factor underlying the adoption of green bond financing of infrastructure projects by the respondents and ‘Governmental tax-based incentives’ was rated as the leading political factor.
Originality/value
This pioneering research attempts to ascertain the socio-political factors affecting the adoption of green bond financing of infrastructure projects. Emergent results of analysis and concomitant discussions add knowledge to fill a void in literature on the social and political factors affecting the adoption of green bond financing of infrastructure projects in developing countries.
| Item Type: | Article | ||||||
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| Identification Number: | https://doi.org/10.1108/JCMS-06-2022-0018 | ||||||
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| Uncontrolled Keywords: | Socio-political, Green bond, Infrastructure, Sustainable finance, Ghana | ||||||
| Subjects: | CAH13 - architecture, building and planning > CAH13-01 - architecture, building and planning > CAH13-01-02 - building | ||||||
| Divisions: | Faculty of Computing, Engineering and the Built Environment > College of Built Environment | ||||||
| Depositing User: | Gemma Tonks | ||||||
| Date Deposited: | 22 May 2024 14:15 | ||||||
| Last Modified: | 20 Jun 2024 11:45 | ||||||
| URI: | https://www.open-access.bcu.ac.uk/id/eprint/15505 |
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