A comprehensive review of progress in sustainable development goals from energy and environment perspectives

Given the increasing negative impact of environmental issues, mainly caused by high energy use, it is becoming increasingly important to focus on achieving the Sustainable Development Goals (SDGs). In light of these critical issues, this study comprehensively reviews the contemporary environment and energy-related literature from the point of view of SDGs so that the progress of the SDGs can be viewed from both environment and energy perspectives. Accordingly, the study undertakes a global scale by conducting a systematic review approach, identifying 2826 and 1917 articles in environment- SDGs and energy- SDGs areas in SCOPUS database. Through examination of these studies, the outcomes show that: (i) the number of SDGs-related studies has been increasing since 2015 and the number of environment-SDGs studies has exceeded the number of energy-SDGs studies; (ii) in the environment-SDGs studies, sustainable goals, renewable energy, and climate change are the basic themes, but it has changed from 2015 through 2022; (iii) in the energy-SDGs studies, renewable energy, sustainable development, and economic development terms have become motor themes after 2020; (iv) although climate action topic is in the niche theme before 2018, it is categorized as an “emerging or declining” theme after 2020; (v) most of the studies have been published by journals from Springer, MDPI, and Elsevier; (vi) the most prolific authors are from Tsinghua and Cyprus International Universities in environment-SDGs and energy-SDGs studies, in that order. This review assesses the emerging trends in the SDG-related environment and energy literature. Accordingly, policy implications and future research to support the achievement of the SDGs are discussed

Gobierno corporativo y lucha al riesgo de los bancos islámicos frente a la reciente crisis financiera

This study examines whether the multi-layer corporate governance mode of Islamic banking system can prevent Islamic banks from excessive risk taking and hence protect against its fallibility to the global financial crisis. Employing the random-effects GLS method with two-step GMM method for the robustness check and using the dataset of total 154 banks over the period of 2005–2011, the results show that the corporate governance and financial disclosure indices appear as the motivating factors for risk taking attitudes of Islamic banks. Thus, the governance mechanism of Islamic banks is effective in protecting them against their fallibility to the global financial crisis.Este estudio examina si el modo de gobierno corporativo de múltiples capas del sistema bancario islámico puede evitar que los bancos islámicos tomen riesgos excesivos y, por lo tanto, protegerse contra su falibilidad ante la crisis financiera mundial. Al emplear el método GLS de efectos aleatorios con el método GMM de dos pasos para la comprobación de la robustez y el uso del conjunto de datos de 154 bancos durante el período 2005-2011, los resultados muestran que los índices de gobierno corporativo y de información financiera aparecen como factores motivadores del riesgo Tomando actitudes de los bancos islámicos. Por lo tanto, el mecanismo de gobierno de los bancos islámicos es efectivo para protegerlos contra su falibilidad ante la crisis financiera mundial

Corporate Governance and Risk Aggressiveness of Islamic Banks Against the Recent Financial Crisis

This study examines whether the multi-layer corporate governance mode of Islamic banking system can prevent Islamic banks from excessive risk taking and hence protect against its fallibility to the global financial crisis. Employing the random-effects GLS method with two-step GMM method for the robustness check and using the dataset of total 154 banks over the period of 2005–2011, the results show that the corporate governance and financial disclosure indices appear as the motivating factors for risk taking attitudes of Islamic banks. Thus, the governance mechanism of Islamic banks is effective in protecting them against their fallibility to the global financial crisis.</jats:p

Corporate governance and risk aggressiveness of islamic banks against the recent financial crisis

This study examines whether the multi-layer corporate governance mode of Islamic banking system can prevent Islamic banks from excessive risk taking and hence protect against its fallibility to the global financial crisis. Employing the random-effects GLS method with two-step GMM method for the robustness check and using the dataset of total 154 banks over the period of 2005–2011, the results show that the corporate governance and financial disclosure indices appear as the motivating factors for risk taking attitudes of Islamic banks. Thus, the governance mechanism of Islamic banks is effective in protecting them against their fallibility to the global financial crisis.Este estudio examina si el modo de gobierno corporativo de múltiples capas del sistema bancario islámico puede evitar que los bancos islámicos tomen riesgos excesivos y, por lo tanto, protegerse contra su falibilidad ante la crisis financiera mundial. Al emplear el método GLS de efectos aleatorios con el método GMM de dos pasos para la comprobación de la robustez y el uso del conjunto de datos de 154 bancos durante el período 2005-2011, los resultados muestran que los índices de gobierno corporativo y de información financiera aparecen como factores motivadores del riesgo Tomando actitudes de los bancos islámicos. Por lo tanto, el mecanismo de gobierno de los bancos islámicos es efectivo para protegerlos contra su falibilidad ante la crisis financiera mundial

Investor herds and oil prices evidence in the Gulf Cooperation Council (GCC) equity markets

This paper scrutinizes the effect of crude oil prices on herd behavior among investors in the Gulf Cooperation Council (GCC) stock markets. Using firm level data from Saudi Arabia, Qatar, Oman, Kuwait, Bahrain, Dubai and Abu Dhabi stock exchanges, we examine equity return dispersions within industry portfolios and test whether investor herds exist in these markets. We then assess whether crude oil price movements have any effect on the investment behavior of traders in the aforementioned markets. Our findings reveal significant evidence supporting herd behavior in all GCC equity markets with the exception of Oman and Qatar, more consistently during periods of market losses. Furthermore, we find significant oil price effects on herd behavior in these markets, particularly during periods of extreme positive changes in the price of oil. Our findings suggest that investors’ tendency to act as a herd in the said markets is significantly affected by the developments in the oil market