Prelims

Half Title Page

SUSTAINABILITY DEVELOPMENT THROUGH GREEN ECONOMICS

Series page

CONTEMPORARY STUDIES IN ECONOMIC AND FINANCIAL ANALYSIS

Series Editor: Simon Grima

Title Page

CONTEMPORARY STUDIES IN ECONOMIC AND FINANCIAL ANALYSIS - VOLUME 114

SUSTAINABILITY DEVELOPMENT THROUGH GREEN ECONOMICS

EDITED BY

SANJAY TANEJA

Graphic Era Deemed to be University, India

PAWAN KUMAR

Chandigarh University, India

REEPU

Chandigarh University, India

BALAMURUGAN BALUSAMY

Shiv Nadar University, India

KIRAN SOOD

Chitkara Business School, Chitkara University, Punjab, India; Research Fellow, Women Researchers Council, Azerbaijan State University of Economics (UNEC)

AND

SIMON GRIMA

University of Malta, Malta

United Kingdom – North America – Japan – India – Malaysia – China

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Emerald Publishing Limited

Emerald Publishing, Floor 5, Northspring, 21-23 Wellington Street, Leeds LS1 4DL.

First edition 2024

Editorial matter and selection © 2024 Sanjay Taneja, Pawan Kumar, Reepu, Balamurugan Balusamy, Kiran Sood and Simon Grima.

Individual chapters © 2024 The authors.

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British Library Cataloguing in Publication Data

A catalogue record for this book is available from the British Library

ISBN: 978-1-83797-425-2 (Print)

ISBN: 978-1-83797-424-5 (Online)

ISBN: 978-1-83797-426-9 (Epub)

ISSN: 1569-3759 (Series)

Contents

List of Figures and Tables

About the Editors

Sanjay Taneja is an Associate Professor in Research at Graphic Era deemed to be University in Dehradun, India and an Affiliate Professor at Usak University in Turkey. With a focus on areas such as Banking Regulations, Fin Tech, Sustainable Finance, and Environmental Finance, he holds a double Master’s degree in management with a specialisation in green finance and marketing. He completed his PhD in Banking and Finance and his Post-doctoral degree on the impact of the European Green Deal on Carbon Emission in Turkey. He has published extensively in SCOPUS/Web of Science/SCI/ABDC/UGC Care Journals, with over 50 publications, including research papers, e-books, text books, and edited books. He has also published cases in Case Centre, ABDC-B, and Scopus journals and holds several patents. He has a strong academic record, with citations on Google Scholar and Scopus, and a history of participation in conferences and FDPs. He is frequently invited as a speaker and has served as a session chair, resource person, and judge at various conferences. He is known for his dynamic and positive approach, with a commitment to personal and professional growth.

Pawan Kumar has 16 years of experience in teaching. He obtained his highest degree from Kurukshetra University in India and worked in educational institutions. At present, he is working as an Associate Professor in Finance at the University School of Business Chandigarh University Mohali, India. He presented more than 30 papers at various national and international conferences and published more than 25 research papers in various reputed journals. He has published three books on the Indian financial system, economics, and insurance fundamentals and principles. Two published patents have also been in his credit. Moreover, five PhD scholars are under his supervision.

Reepu is an accomplished Associate Professor at Chandigarh University, India, with a PhD in Finance and a decade of academic expertise. Her extensive research contributions are showcased through numerous presentations at both international and national conferences. Driven by innovation, she holds patents reflecting her commitment to advancing knowledge. Additionally, her publications in reputable journals indexed by Scopus, ABDC, and UGC Care underscore her scholarly impact. With a rich blend of academic and research accomplishments, she stands as a dedicated professional contributing significantly to the academic community and the field of finance.

Balamurugan Balusamy is currently working as an Associate Dean Student at Shiv Nadar University, Delhi-NCR. Prior to this assignment, he was Professor at the School of Computing Sciences & Engineering and Director of International Relations at Galgotias University, Greater Noida, India. His contributions focus on engineering education, blockchain, and data sciences. His academic degrees and 12 years of experience working as a Faculty in a global university like VIT University, Vellore have made him more receptive and prominent in his domain. He does have 200 plus high-impact factor papers in Springer, Elsevier, and IEEE. He has written more than 80 edited and authored books and collaborated with eminent professors across the world from top QS ranked universities. He has served up to the position of Associate Professor in his stint of 12 years of experience with VIT University, Vellore. He had completed his Bachelor’s, Master’s and PhD degrees from top premier institutions in India. His passion is teaching and adapting different design thinking principles while delivering his lectures. He has published 80+ books on various technologies and visited 15+ countries for his technical course. He has several top-notch conferences in his resume and has published over 200 quality journal, conference and book chapters combined. He serves on the advisory committee for several start-ups and forums and does consultancy work for the industry on industrial IoT. He has given over 195 talks at various events and symposiums.

Kiran Sood is a Professor at Chitkara Business School, Chitkara University, Punjab, India. She received her undergraduate and postgraduate degrees in Commerce from Panjab University, respectively, in 2002 and 2004. She earned her Master of Philosophy degree in 2008 and Doctor of Philosophy in Commerce with a concentration on Product Portfolio Performance of General Insurance Companies in 2017 from Panjabi University, Patiala, India. Before joining Chitkara University in July 2019, she had served four organisations with a total experience of 18 years. She has published various articles in various journals and presented papers at various international conferences. She serves as an Editor of the refereed journals, particularly the IJBST International Journal of BioSciences and Technology, International Journal of Research Culture Society, and The Journal of Corporate Governance, Insurance, and Risk Management. Her research mainly focusses on regulations, marketing and finance in insurance, insurance management, and economics and management of innovation in insurance. She has edited more than 10 books with various international publishers such as Emerald, CRC, Taylors & Francis, AAP, WILEY Scrivener, IET, Rivers Publishers, and IEEE.

Simon Grima is the Deputy Dean of the Faculty of Economics, Management, and Accountancy, Associate Professor and the Head of the Department of Insurance and Risk Management which he set up in 2015 and started and coordinates the MA and MSc Insurance and Risk Management degrees together with the Undergrad degree in Insurance. He is also a Professor at the University of Latvia, Faculty of Business, Management, and Economics and a Visiting Professor at UNICATT Milan and Hahxi Zeka University, Peja, Kosovo. He served as the President of the Malta Association of Risk Management and President of the Malta Association of Compliance Officers between 2013 and 2015, and between 2016 and 2018 respectively. Moreover, he is the Chairman of the Scientific Education Committee of the Public Risk Management Organization. His research focus is on Governance, Regulations, and Internal Controls and has over 30 years of experience varied between financial services, academia and public entities. He has acted as co-chair and is a member of the scientific programme committee at some international conferences and is a chief editor, editor, and review editor of some journals and book series. He has been awarded Outstanding Reviewer for the Journal of Financial Regulation and Compliance in the 2017 and 2022 Emerald Literati Awards. Moreover, he acts as an Independent Director for Financial Services Firms, sits on Risk, Compliance, Procurement, Investment and Audit Committees and carries out duties as a Compliance Officer, Internal Auditor, and Risk Manager.

About the Contributors

Shikha Agnihotri, PhD, is presently working as an Assistant Professor in the Institute of Management Studies, Ghaziabad. She is a keen researcher and academician having an experience of 11 years in the corporate and academic industry. She has a Doctorate in HR from Amity University, Noida. She is a UGC-NET-qualified professional having forte in teaching HR and marketing subjects. Her research area includes HR analytics, employability readiness, competency mapping, and skill gap analysis of management students. She has several publications in Scopus, Web of Science, ABDC, and UGC-indexed journals. Her research works have been applauded at several international conferences which include the conferences at IIT-Roorkee, IMT-Ghaziabad and Amity University to name a few. She has hands-on experience of using SMARTPLS, Jamovi, and SPSS for data analysis.

Paiman Ahmad is an Assistant Professor at the University of Raparin, Rania-Kurdistan Region-Iraq. She is a researcher with research interest in energy economics, sustainable development in developing economies, climate change, migration, and public sector in the developing world. She holds a PhD degree in Public Administration from the National University of Public Service-Budapest-Hungary-2018. Her research works have been published in reputable journals such as International Environmental Agreements: Politics, Law and Economics, Journal of Public Affairs, Sustainable Development Wiley, Journal of Cleaner Production, Renewable Energy, Environmental Science, Pollution Research, Environmental Impact Assessment Review, Public Policy and Administration, and Economic Research-Ekonomska Istraživanja and top-tier academic publishers: Elsevier, Palgrave Macmillan, Springer, Taylor & Francis, Routledge, and Wiley.

Aamer Al Aflak is a Research Scholar at Chandigarh University, Mohali, Punjab. Holding a Master of Business Administration (MBA) degree in Marketing and International Business, from Lovely Professional University, Jalandhar, he brings a multidisciplinary perspective to his current pursuits. His research endeavours are primarily focussed on the dynamic intersection of consumer behaviour and sustainability, probing the intricate connections between market dynamics and environmental consciousness.

Alhamzah Alnoor holds a PhD in Management and Administration, currently working as a Senior Lecturer of Strategic Management at the Management Technical College, Southern Technical University, Basrah, Iraq. He received a BSc degree with first-class honours from Southern Technical University in 2013. After completing his BSc in Operation Management, he was awarded a Master’s degree in Business Administration from the University of Basrah, Iraq 2016. He obtained his PhD from the School of Management, Universiti Sains Malaysia, Malaysia 2022. His research interests lie in the areas of strategic management, business ethics, leadership, human resources management, organisational psychology, organisational sociology, innovation, entrepreneurship, SMEs, technology adoption, and social commerce. He has published numerous scientific journal articles and conference papers. He is a regular reviewer of numerous prestigious journals. He has many handbooks that were published under Springer publisher. During his career, he was engaged in more than 50 projects.

Shivangi Shukla Bhavsar a born mentor, coach, and education reformer. She holds a PhD in Management and an MBA, offering expert assistance. She specialises in innovative teaching tools, student motivation, time management, and creative approaches. She is proficient in E-learning, SharePoint, content management systems, and gamified learning. As an Associate Professor of Marketing at Narayana Business School, Ahmedabad, she delivered insightful webinars on various marketing aspects. She presented and published papers at national and international conferences, focussing on rural healthcare management, service quality, and women in STEM. She maintains high standards of quality, discipline, and time management, helping employers achieve their goals.

Ioana Birlan is a Master’s student at the Bucharest University of Economic Studies, specialising in applied statistics and data science. With a Bachelor of Science in Statistics and Economic Forecasting from the Faculty of Cybernetics, Statistics, and Economic Informatics, she has a solid foundation in quantitative analysis. Her academic journey is enriched by a deep interest in machine learning and its applications. She has actively participated in several datathons and attended numerous conferences focussed on artificial intelligence, data science, algorithmic governance, and sustainability.

Arnab Chakraborty has more than 17 years of corporate and academic experience. He is currently working as an Associate Professor in the School of Leadership and Management, MRIIRS, Faridabad. He has also worked as a Programme Manager in Amity University, Noida; and HOD, Department of Management, College of Applied Education and Health Sciences, Meerut. He has conducted several MDPs, FDPs, and training programmes. He has published many research papers in Scopus indexed, UGC Care list, and peer-reviewed national and international journals. He has also written two books and has one patent publication. His area of interest is developmental economics, digital marketing, and marketing management. He has a PhD in Economics. He is UGC-NET qualified and has MBA, PGDBM, and MA (Economics) degrees.

Tanya Chouhan is an Assistant Professor at the Galgotias College of Engineering and Technology, Greater Noida, India. She has a specialisation in human resources and Indian ethos. She holds a PhD in HR and Indian Ethos from Banasthali Vidyapith, Rajasthan. She has published several book chapters in Scopus-indexed journals and has presented papers at various national and international conferences on Emotional-Social Intelligence, Human Resources, and Indian Ethos.

Adriana AnaMaria Davidescu is a Full Professor in the Department of Statistics and Econometrics of the Bucharest Academy of Economic Studies and Senior Researcher at the National Institute for Scientific Research in Labour and Social Protection, with over 14 years of experience in socio-economic research and labour market analysis. She has a PhD from the Bucharest University of Economic Studies and has been a Visiting Scholar at the University of Salerno, Italy. She has over 14 years of experience in the analysis of informal economy issues, coordinating or being a member of the research team of over 50 national and international projects.

Shuchi Dawra is Professor at Chitkara Business School, Chitkara University, Punjab, India. Her area of expertise includes Global HRM practices, AI in HR, digital transformation, sustainable practices, high-potential workplaces and employees. She has a Doctorate in the domain of HRM and OB from Panjab University, Chandigarh, India. She has MCom and MBA (HR) degrees; she is UGC-NET Commerce qualified; and is HR Analytics certified from the IIM, Rohtak. She has administrative leadership, teaching, consultancy, and research experience of over 18 years in industry and academia. She has her publications in reputed international and national journals, holds four copyrights and two patents granted, and has successfully supervised three doctoral research. She is also a reviewer and has chaired sessions in the conferences.

Narayanage Jayantha Dewasiri is a Professor attached to the Department of Accountancy and Finance, Sabaragamuwa University of Sri Lanka. Further, he currently serves as the Brand Ambassador at Emerald Publishing, UK and the Vice President of the Sri Lanka Institute of Marketing. He is a pioneer in applying triangulation research approaches in the management discipline. He is currently serving as the Co-editors-in-Chief of the South Asian Journal of Marketing published by Emerald Publishing, Managing Editor of the Asian Journal of Finance and the South Asian Journal of Tourism and Hospitality published by the Faculty of Management Studies, Sabaragamuwa University of Sri Lanka.

Gökçe Sinem Erbuğa received BSc and MSc degrees from Ankara University, Turkey; PhD degree from Dokuz Eylul University, Turkey. Her research interests span both forensic accounting and the economics of criminology. She won first place in the new venture competition Massachusetts Institute of Technology in 2018. She took short-term courses at the London School of Economics and the University of Groningen. Her researches are both qualitative and quantitative and focusses mostly on the motivations for committing fraud. She is currently working as an Assistant Professor at the Faculty of Economics and Administrative Sciences at Dokuz Eylul University.

Deepali Gala is an Assistant Professor at Bharati Vidyapeeth, I.M., Kolhapur, with 15 years of teaching experience. Holding an MBA, MPhil, and PhD in Management from Shivaji University, Kolhapur, she specialises in marketing and finance. Her research focusses on entrepreneurship development and marketing management. With 10 published papers, including one in a Scopus listed journal, she explores topics such as women’s entrepreneurship, government schemes and technical indicators in option trading. She has also contributed chapters to books and participated in national and international conferences. She has extensive teaching experience and has conducted workshops on communication skills and interview techniques. Passionate about education, she continuously enhances her skills through workshops and faculty development programmes.

Kritika Gupta is presently a Research Scholar and is working as an Assistant Professor at the University School of Business at Chandigarh University, Mohali, India. She is having a vast experience of more than 12 years in the field of academics and research. She has expertise in subjects like marketing research, services marketing, consumer behaviour, and research methodology. She has published her research work in international and national journals.

Prachi Gupta, Associate Professor, Director – Centre for Digital Marketing, Strategy and Analytics at Chitkara Business School, Chitkara University, Punjab, carries more than 20 years of work experience in corporate and academics. Her skills lie in extensive analysis of customer and branding stories and drawing insights from them leading to learning. Her insights and analysis on different aspects of marketing have been published as case studies in a book on Indian cases by Pearson publications for their title Marketing Management by Philip Kotler. She is Content Contributor at the World Advertising Research Center. She has been Subject Matter Expert and Faculty in Brand Management with upGrad. Her research interest and her PhD is in the area of branding, with different research papers in the area published in international and national journals.

Ayşegül Gürsoy is an Associate Professor at the Faculty of Economics and Administrative Sciences, Dokuz Eylul University, Turkey, since 2020. She was awarded with Jean Monnet Scholarship Programme funded by the European Union and received her MSc degree in Investment Management from Cranfield University, UK, in 2014. She has published various articles in national and international journals in the fields of sustainable finance and emerging financial markets.

Mawarala Vitharanage Probodika Hanshani is a dedicated student pursuing a BSc Honours in Financial Management at Sabaragamuwa University of Sri Lanka. Known for her academic excellence, she actively participates in campus organisations related to finance and business. With a passion for numbers and problem-solving, she has excelled in internships, gaining practical experience in financial management.

Md. Motahar Hossain is a Research Scholar and Instructor in the Department of Business Management, University School of Business, Chandigarh University, Punjab, India. He has more than 12 years of teaching and research experience at different universities in Bangladesh. He has published 12 journal articles and 4 conference papers on different issues concerning business management, finance, economics, etc. Currently, he has been pursuing a PhD focussing on Small Business Management.

Md. Shajedul Islam has been serving as an Associate Professor (Management) at the Department of Business Studies, North Bengal International University, Rajshahi, Bangladesh. He has more than 12 years of teaching and research experience at different universities in Bangladesh. He has published more than 10 research articles concerning business management, human resource development, banking, etc. Currently, he has been pursuing a PhD focussing on Human Resource Management.

Bhavesh P. Joshi is an IIM Ahmedabad alumnus. He has a Doctorate in Commerce, Master’s degree in Business Administration, and MPhil in Management. He has experience of more than two decades in industry and academics at various positions and profiles. He has published 40 research papers and case studies in various journals of repute and five doctorate scholars were awarded under his guidance in the area of finance and management. He is certified in consulting from Consultancy Development Center, New Delhi. He had trained students as SAP trainer in SAP (FICO) at Manav Rachna SAP Academy (the First private university in North India to have an SAP Student Academy). His areas of interest include behavioural finance, security analysis and portfolio management, corporate finance, business law and business environment, and strategic management.

Sezer Bozkus Kahyaoglu is currently an Associate Professor at Izmir Bakircay University from 2018 to the present. She has certifications in CIA, CFSA, CRMA, CICP, CFE, and CPA. Her research interests mainly include applied econometrics, data analytics, financial markets and instruments, sustainability, corporate governance, risk management, fraud accounting, auditing, coaching, mentoring, and NLP. She has various refereed articles, books, and book chapters published via international publishing companies. She has previously worked in a variety of management positions in the banking, audit, and risk sectors.

Reet Kaur, an accomplished professional, holds a Bachelor’s and Master’s degrees in Commerce, complemented by an MBA, and is UGC-NET Commerce qualified. She also holds a PhD degree in Commerce. With over 12 years of teaching expertise in finance and marketing, she is dedicated to academic excellence. She has contributed significantly to her field, presenting and publishing research papers in national seminars, international conferences, and journals. Her commitment to education and the dissemination of knowledge is evident in her impactful contributions, driven by a commitment to excellence, she continues to inspire and impart valuable insights in the realms of commerce, making a lasting impact in the academic arena.

Twana N. Mohamad Khan holds a PhD from the University of Sulaymania, Faculty of Economics and Management, Economic Department, MSc in Economics from the University Putra Malaysia, and BSc in Economics from the University of Sulaymania. He worked at the University of Sulaymania and Cihan University of Sulaymania as a Faculty Member and has several years of work experience in the areas of teaching, research, administration, programming, student affairs, seminars, workshops, and events. He has several research publications in well-known international journals and local journals. He has become a Director General of Administration and Finance in the Ministry of Higher Education and Scientific Research since 2019 until now. His research interests include topics directly related to economic sciences, including but not limited to unemployment, poverty, inflation, interest rate fluctuation and finance, economic development, and financial crises.

Kirti Khanna is an Assistant Professor in the Department of UG Management Studies, FMS, MRIIRS. She is postgraduate in Commerce (International Business) and has MPhil in Accountancy and Law (Commerce). She is an academician engaged in research and teaching for the last 10 years. She has the honour of receiving the Best Paper Award in the International Conference Organised by the Research Development Association & RDRF, Jaipur in collaboration with the Rajasthan Chamber of Commerce and Industry, Jaipur. She has experience in organising conferences, FDPs/MDPs, and has also taken sessions as resource person in workshops. She has published several research papers in journals of international repute.

Sanjeev Kumar is a Professor cum HOD in School of Hotel Management and Tourism, Lovely Professional University, Punjab, India. He holds a Bachelor’s degree in Hotel Management from Osmania University. He earned his Master’s degree in Tourism Management from Madurai Kamaraj University and his Doctorate from Amity University, Rajasthan. He has worked as a teacher for the past 18 years. While in Kuwait, he worked as an Assistant Dining Manager for Gulf Catering Company and other hotels. He has published 20 research articles and has presented more than 12 papers at national and international conferences. He supervises six PhD research scholars and has directed many MBA and MSc research projects in hospitality and tourism. He has taken part in several FDPs and workshops. He also travelled throughout the country to attend international and national conferences.

Shivani Malhan is working as an Assistant Professor at Chitkara University. She has done her MBA from University Business School, Panjab University and PhD in Marketing Management in the area of Brand Loyalty. She has a corporate experience of two years in Tata Motors and an experience of nine years in teaching. Moreover, she has published many research papers in UGC Care listed journals and Scopus-indexed journals and has attended many national and international conferences and seminars. She has been awarded the ‘Best research paper presentation award’ by IIT Roorkee. Furthermore, she was a member of the team which organised Carpe Diem in collaboration with IIM Ahmedabad and was given the award of honour for being an active member of NSS while she was working in DAV University.

Eduard Mihai Manta is a PhD student at the Doctoral School of Cybernetics and Statistics and has over seven years of experience in model risk management, holding various positions in data teams. In the last few years, he focussed on machine learning and data science. The subject studied in the PhD is the COVID-19 pandemic – an accelerator of the implementation of sustainable development concepts, resilience, green, and inclusive of the global economy. He has experience working with one of the principal NGOs in the field of education, working on reports that underlie decision-making within the organisation.

Rekha Mewafarosh is working as an Assistant Professor at the Indian Institute of Forest Management, Bhopal. She obtained her PhD degree in Management from the Institute of Commerce and Management, Jiwaji University, Gwalior in 2014. She has more than nine years of teaching and research experience and has published papers in several reputed journals. She has also attended many FDPs, national and international conferences, and workshops. Her area of expertise is human resource management and organisational behaviour. She has authored a book on team building and leadership. She is a member of the editorial board of the International Journal of Research in Business Studies. She has also published several papers at national and international conferences. Her research interests include subjective well-being, diversity management, and training and development.

Eva Militaru is a Senior Researcher with 20 years of experience in academic research. She holds a PhD in Economics and she has completed a Postdoctoral Research Programme in Economics at the Bucharest University of Economic Studies. Her research interests include the topics of labour market participation, forecasting and anticipation of labour demand, and labour market transitions, and she has an extensive expertise in quantitative analysis and econometric modelling, survey design, and qualitative analysis techniques. She has participated in over 40 projects and widely published on topics regarding labour market developments, forecasting and anticipation of labour demand, wages, social, and fiscal policy evaluation.

Farah Naeem is currently working as an Assistant Professor at Shriram Institute of Management & Technology, Kashipur, Uttarakhand, India. She holds an MBA (HR) and PhD in the area of Work Stress from Kumaun University, Nainital. She has completed BSc from Aligarh Muslim University, India and has teaching experience of around eight years in various management colleges. Her research interests are in field work-related stress, workplace well-being, and HRM. She has also qualified for UGC-NET and has published papers in national and international journals, conference proceedings, and book chapters as well.

Lethiwe Nzama-Sithole, PhD, is a Senior Lecturer and Deputy Head in the Department of Commercial Accounting at the University of Johannesburg, South Africa since 2015. She is a Certified Internal Auditor. Her research interests mainly include corporate governance, auditing, computer auditing, accounting education, and mentoring. She has published various refereed articles, book chapters, and conference papers. She has over 19 years of work experience and has previously held positions such as accountant and internal auditor.

Nitin Pathak is a Professor and HOD-Commerce at the University School of Business at Chandigarh University. His forte is accounting and finance and he has mentored research work on many topics in this domain for papers, case studies, chapters in books, and several publications in referred journals. His research work has been presented and published in conference proceedings at multiple national and international conferences. He has also made many contributions to edited books. He has devoted 21 years as a profound academician, holding decision-making positions in various committees and teams focussed on making the institution a centre of excellence.

Bhaskar Vijayrao Patil, an Assistant Professor with 18+ years of teaching experience in Computer Applications, holds a PhD from Shivaji University, Kolhapur. As a recognised PhD guide, he contributes actively to research and academia. With over 30 published research papers, including a Scopus-indexed article, his expertise spans areas such as web technology, Android, Dot.Net, Linux, and database management. His significant involvement in academia is reflected in roles such as university exam in-charge, web site coordinator, and AICTE coordinator. As a prolific researcher, he explores topics like machine learning, financial markets, and IoT. His dedication is evident through his guidance to PhD students and authorship of book chapters.

Bhakti Pawar specialises in economics, marketing, and ecotourism with over 13 years in academia and industry. She holds a ‘Leadership and Management in New-Age Business’ certificate from Wharton School. She actively contributed to skill development in the National University Students Skill Development project and received an RBI scholarship for her Project on Fintech. As a prolific researcher, she has presented papers globally, authored a book on economic analysis for business decision, and is a Life Member of INSEE – Indian Society for Ecological Economics, New Delhi. She is a sought-after guest speaker at events organised by FIDD-RBI, K L University, and Bharati Vidya Bhavan.

Mădălina Ecaterina Popescu is a Professor at the Department of Informatics and Economic Cybernetics at the Bucharest University of Economic Studies and Senior Researcher at the National Scientific Research Institute for Labour and Social Protection in Romania. She has a PhD in Economics and over 16 years of experience in socio-economic research and advanced knowledge in the labour market, budgetary policy, counterfactual impact evaluation, econometric modelling, forecasting, and numerical simulations. She participated in international training courses and conferences on the labour market, coordinated 7 research projects, and participated in over 40 research projects.

Mananage Shanika Hansini Rathnasiri is a Lecturer in the Department of Marketing Management, Faculty of Management Studies (FMS), Sabaragamuwa University of Sri Lanka (SUSL). She serves as an Associate Editor cum Editorial Assistant of the South Asian Journal of Marketing, published by Emerald Publishing. She is also an Editor of the book Shaping Entrepreneurial Marketing: A South Asian Perspective by Emerald Publishing. Furthermore, she contributes as the Associate Editor of the Sri Lankan Marketer Magazine, published by the Sri Lanka Institute of Marketing, and Editor-in-Chief of the FMS Today published by the FMS, SUSL.

Rajiv Saini is a Research Scholar at Chitkara Business School, Chitkara University, Punjab, India. He is a working professional and has 25 years of working experience as Head – learning and development in the corporate sector and pursuing his research in human resource management function. He has presented papers at various national and international conferences on E-learning, HR, and organisation development.

Selim Şanlisoy completed his undergraduate education at Dokuz Eylül University, Department of Economics in 1997. In 2000, he completed his Master’s degree in Economics at Dokuz Eylül University with a thesis on The Effects of Export-Oriented Industrialisation Strategy on Income Distribution: The Case of Turkey. In 2008, he completed his PhD in Economics with his thesis titled Analysis of Economy-policy Interaction in Terms of Process Policy: The Case of Turkey. He received the title of Associate Professor in 2017 and Prof. Dr. in 2023. He is currently working as a Faculty Member at Dokuz Eylül University in the Department of Economics.

Arjita Singh, an Assistant Professor at Ram Kumar Goel Institute of Technology in Ghaziabad, India, specialises in human resources and Indian ethos, holding a PhD from Banasthali Vidyapith, Rajasthan. With multiple book chapters in Scopus-indexed journals and presentations at national and international conferences, she actively contributes to academia. She also aids in teaching courses like Indigenous Management Systems and Indian Ethos in Management, bringing her expertise to the classroom. Attending conferences and research seminars on ethos and Indian management keeps her knowledge current and enriches her teaching approach.

Navjit Singh is presently working as a Professor in the University School of Business at Chandigarh University, Mohali, India. He is having a vast experience of more than 18 years in the field of Academics and Research. He has expertise in subjects like marketing research, services marketing, consumer behaviour, research methodology, quality management, decision science, etc. He has published his research work in many international and national journals of repute like The TQM Journal, BE, VINE Journal of Information Systems, IJQRM, etc. to name a few and many others.

Larisa Stănilă is a Senior Researcher with 15 years of experience in socio-economic research. She holds a PhD degree in Economic Cybernetics and Statistics since 2013. She participated in numerous research projects, acquiring significant knowledge in labour market, econometric analysis and forecasting, qualitative analysis, and counterfactual impact evaluation. She has published more than 35 scientific articles in nationally and internationally renowned journals and she has participated in numerous national and international conferences.

Mohammad Badruddoza Talukder is an Associate Professor at the College of Tourism and Hospitality Management, International University of Business Agriculture and Technology, Dhaka, Bangladesh. He completed his PhD in Hotel Management at the School of Hotel Management and Tourism, Lovely Professional University, India. He holds a Bachelor’s degree and a Master’s degree in Hotel Management from India. He has been teaching various courses in the Department of Tourism and Hospitality at various universities in Bangladesh since 2009. His research areas include tourism management, hotel management, hospitality management, food and beverage management, and accommodation management, where he has published research papers in well-known journals in Bangladesh and abroad. He is one of the executive members of the Tourism Educators Association of Bangladesh. He has led training and counselling for various hospitality organisations in Bangladesh. As an administrator, he served as a Debate Advisor at the University and Coordinator for Courses and Exams in the Department of Tourism and Hotel Management. He has experience as a manager in various business-class hotels in Bangladesh. He is one of the Certified Trainers for the Food and Beverage Service Department of the SIEP Project from Bangladesh. He became an Honorary Facilitator at Bangladesh Tourism Board’s Bangabandhu International Tourism and Hospitality Training Institute.

Anita Tanwar is working as an Assistant Professor at Chitkara University. She has done her MBA from Maharishi Dayanand University and MPhil and PhD in the area of banking. She has a corporate experience two years in the Ambala Central Cooperative Bank and an experience of nine years in teaching. Moreover, she has published many research papers in UGC Care listed journals and Scopus-indexed journals and has attended many national and international conferences and seminars. She has been awarded the NCC ‘C’ certificate and best cadet award. Furthermore, she reviewed six papers for the Academy of Management and she is a reviewer in Global Business and Finance Review–Scopus indexed journal.

Sinem Atici Ustalar graduated from Dokuz Eylül University, Faculty of Economics and Administrative Sciences, Department of Economics. She completed her Master’s degree in the Financial Economics and Banking Programme at the same University in 2017 and completed his Doctorate in Economics in 2023. Her doctoral study was conducted on the effect of investors’ knowledge level on financial market risk. She started working at Atatürk University as a Research Assistant in 2019 and continues to work as an Assistant Professor in the Department of Economic Theory at the same university.

Maria Denisa Vasilescu is an Associate Professor in the Department of Statistics and Econometrics at the Bucharest University of Economic Studies and Senior Researcher at the National Scientific Research Institute for Labour and Social Protection. She holds a PhD degree in Cybernetics and Statistics. She participated in over 30 research projects and has experience in project management and coordination of multidisciplinary teams. She published widely, having extensive expertise in advanced statistical analysis, econometric modelling, impact analysis and policy recommendations. Her areas of interests are employment, inequalities and discrimination, earnings, labour market imbalances, migration, health policies, green economy, and renewable energy.

Priya Vij has a Master’s in Business Economics from Panjab University, Chandigarh, and a PhD in Management from Punjab Technical University, Jalandhar. With a work experience of more than 14 years in academics, she is currently associated with Chandigarh University, Punjab as Professor and Programme Leader–Economics.

Foreword

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In an era defined by pressing global challenges, the pursuit of sustainable and equitable economic development stands as a shared commitment for nations worldwide. The book Sustainability Development Through Green Economics, by Emerald Publishing, serves as a comprehensive exploration of critical topics ranging from the diverse landscape of the European Union’s green transition to the details of green HRM, sustainable organisations, and the impact of green banking practices.

In the contemporary landscape, the importance of a green economy cannot be overstated, represents a transformative approach that integrates environmental considerations into economic decision-making, fostering a harmonious coexistence between human activities and the planet. However, the lack of accessible information and resources regarding green economy practices remains a significant impediment to its widespread adoption. The book emerges as a beacon, illuminating the path towards green growth and sustainability, addressing the information gap and catalysing a collective understanding of the imperatives of environmental responsibility. It not only serves as a repository of knowledge but also as a clarion call to raise awareness and disseminate scientific information about green growth and green economy practices. Through the collective expertise and insights shared by esteemed authors, this compilation strives to bridge the informational divide, empowering readers with the tools to navigate the complexities of integrating sustainability into economic frameworks.

The transition to a green economy requires not just commitment but unified responsibility, a collective effort that unfolds gradually. It is a journey that necessitates consistent awareness and understanding and this book is a significant step towards that collective awakening. The authors, through their insightful contributions, have introduced the importance of these sensitive issues, shedding light on the complexities and challenges that lie ahead. Their efforts are commendable and their works guide us towards a more sustainable future. In extending our gratitude to the authors, I acknowledge the significance of their contributions to the Sustainability Development through Green Economics book. I do hope that this book becomes a basis for individuals across various spheres, providing them with the knowledge and stimulus needed to contribute to the ongoing dialogue on sustainable development through green economics.

Nargiz Hajiyeva

Ph.D., Political Scientist

Director of ‘Organization of Scientific Activities’ Unit

Chair of Women Researchers Council

Academic Lecturer on Political Science

Azerbaijan State University of Economics

Co-Director of ‘Empirical Methods’ Working Group

Swiss Political Science Association

Preface

The book titled Sustainability Development Through Green Economics provides findings of research in the field of sustainability development in economics, finance, and computer science. This book commits to providing approaches, theories, risks, tools, and techniques in finance using technology along with SDE goals.

Sustainable development satisfies existing demands without jeopardising the capacity of subsequent descendants to fulfil their respective needs. Economies at their core, are made up of a set of laws and standards that encourage certain conduct and penalise others. Our economies currently encourage excessive consumerism, weaken social ties, and deplete natural resources. But this is just the way our economies have developed to work; it is neither inevitable nor necessary. It takes a fresh economic vision to address these issues which is green economy. The concept of a ‘green economy’ does not supplant sustainable development but instead places a fresh emphasis on the region’s economy, investments in infrastructure, job and skill needs, and favourable social and environmental consequences.

The book describes first about green economy and how it contributes towards sustainable development. This book would elucidate sustainable development. The book traverses the power of economic as well as financial policy, green investment, green insurance as well as green infrastructural development to ensure sustainable development.

This book provides a link between technology, finance, economics, and sustainability and thus, is relevant for undergraduate, graduate, and executive students, and researchers in the field of business, finance, economics, and computer science. The book is also relevant for practitioners, industry people, policymakers, investors, corporate executives, etc. This can be offered as an elective course for undergraduate and postgraduate students to impart knowledge on the newest technology for sustainable living with harnessed usage.

Unique sales points:

1. Offers a thorough exploration of sustainability through the lens of green economics.

2. Provides actionable strategies and real-life examples for practical implementation.

3. Incorporates insights from various disciplines to appeal to diverse audiences.

4. Presents up-to-date research and trends in the field.

5. Inspires readers to make meaningful contributions towards sustainable development.

Kiran Sood

Chitkara Business School, Chitkara University, Punjab, India; Research Fellow, Women Researchers Council, Azerbaijan State University of Economics (UNEC)

Simon Grima

University of Malta, Malta

University of Latvia, Latvia