Abstract
Green financing represents a great untapped opportunity, especially in Saudi Arabia and the other Gulf Cooperation Council countries, which are characterized by their developed capital markets, attracting investors from all over the world to pump their capital into projects that have an environmental and social impact, in addition to activating strong governance processes.The study aimed to examine the impact of the dimensions of sustainable development: environmental, social, and economic on green finance in Saudi national banks and fill the gap in sustainability and green finance research in Arabian countries, specifically in the Kingdom of Saudi Arabia. The study population covered the national banks in Riyadh city. The data was collected through a questionnaire and the sample size was 125 participants. The study applied linear regression models and the result revealed that the environmental dimension of sustainable development, the social dimension of sustainable development, and the economic dimension have a positive impact on green finance in Saudi banks.
Reference35 articles.
1. Afzal, A. R. (2022). Green finance and sustainable development in Europe. Economic Research-Ekonomska Istrazivanja, 35(1). https://doi.org/10.1080/1331677X.2021.2024081
2. Ahmed, M. (2010). Economic dimensions of sustainable development, the fight against poverty and educational responses. International Review of Education / Internationale Zeitschrift Für Erziehungswissenschaft / Revue Internationale de l’Education, 56(2/3), 235–253. http://www.jstor.org/stable/40928670
3. Alharbi, M. A.-M. (2021). Sustainability Report Publication and Bank Share Price: Evidence from Saudi Arabia Stock Markets. Journal of Asian Finance, 8(2), 41–55. https://doi.org/10.13106/jafeb.2021
4. Alotaibi, M. M. (2020). Determinants of Sustainability Disclosure of Saudi Listed Companies. Journal of Economics and Sustainable Development, 11(2), 83–97. https://doi.org/10.7176/jesd/11-2-09
5. Bai, J. C. (2020). Research on the impact of green finance on carbon emissions: evidence from China. Economic Research-Ekonomska Istrazivanja, 35(1), 6965–6984. https://doi.org/10.1080/1331677X.2022.2054455