East Asian Journal of Business Economics (EAJBE) (동아시아경상학회지)

East Asia Business Economics Association (동아시아경상학회)
권호 표지
DOI QR코드

DOI QR Code

Qualitative Text Analysis: The Role of the Government to Spread Corporate Green IT

  • KIM, Tae-Hi (Department of Business Administration, Chung-Ang University) ;
  • KANG, Sungmin (Department of Business Administration, Chung-Ang University)
  • Received : 2022.05.08
  • Accepted : 2022.06.12
  • Published : 2022.06.30
Download PDF
⟨ Previous Next ⟩

Abstract

Purpose - This study explores the role played by the government in spreading corporate green IT. Indeed, a lot of evidence is emerging that governments acting independently are not in a position of attaining the far end economic and social changes need for the realization of green IT. As much as matters about green IT was initiated by many governments. Research design, Data, and methodology - This study selected the PRISMA (Preferred Reporting Items for Systematic Reviews and Meta-Analyses) as a research design. The PRISMA is recognized for its standard evidence reporting system and can provide adequate systematic review among previous studies. Result - A lot of consensus leads to the acquisition of the value of corporate green IT concerning the effectiveness of the collaboration. This study could obtain six suggestions from the systematic review, such as 'Rebalancing Government and Public Duties', 'Direct Regulation', 'Marketing Tools and Fiscal or Economic Measures', 'VNRP', 'Education for Decision Making', 'Latest Policy Trends within the G8 Nations'. Conclusion - The most challenging aspect when it comes to ensuring corporate green IT is the separation of economic growth from the perspectives regarding life qualities. According to the study (Falcone, 2020), this needs a second policy-oriented wedge concerning re-socialization with the desire of encouraging the development of the culture associated with the corporate green IT.

Keywords

References

  1. Agliardi, E., & Agliardi, R. (2019). Financing environmentally-sustainable projects with green bonds. Environment and development economics, 24(6), 608-623. https://doi.org/10.1017/s1355770x19000020
  2. Bachelet, M. J., Becchetti, L., & Manfredonia, S. (2019). The green bonds premium puzzle: the role of issuer characteristics and third-party verification. Sustainability, 11(4), 1098. https://doi.org/10.3390/su11041098
  3. Biddlestone, M., Green, R., & Douglas, K. M. (2020). Cultural orientation, power, belief in conspiracy theories, and intentions to reduce the spread of COVID-19. British Journal of Social Psychology, 59(3), 663-673. https://doi.org/10.1111/bjso.12397
  4. Brooks, D., & McNeely, M. (2013). The importance of transparent reporting of systematic reviews. Physiotherapy Canada, 65(1), 1-3. https://doi.org/10.3138/ptc.65.1.GEE
  5. Chung, K. C. (2020). Green marketing orientation: Achieving sustainable development in green hotel management. Journal of Hospitality Marketing & Management, 29(6), 722-738. https://doi.org/10.1080/19368623.2020.1693471
  6. Du, G., Yu, M., Sun, C., & Han, Z. (2021). Green innovation effect of emission trading policy on pilot areas and neighboring areas: an analysis based on the spatial econometric model. Energy Policy, 156(September), 112431. https://doi.org/10.1016/j.enpol.2021.112431
  7. Falcone, P. M. (2020). Environmental regulation and green investments: the role of green finance. International Journal of Green Economics, 14(2), 159-173. https://doi.org/10.1504/ijge.2020.10032078
  8. Fender, I., McMorrow, M., Sahakyan, V., & Zulaica, O. (2019). Green bonds: the reserve management perspective. BIS Quarterly Review, September, 49-63.
  9. Ge, Y., Liu, Y., Qiao, Z., & Shen, Z. (2020). State ownership and the cost of debt: evidence from corporate bond issuances in China. Research in International Business and Finance, 52(April), 101-164.
  10. Graafland, J. (2019). Economic freedom and corporate environmental responsibility: the role of small government and freedom from government regulation. Journal of Cleaner Production, 218(May), 250-258. https://doi.org/10.1016/j.jclepro.2019.01.308
  11. Hachenberg, B., & Schiereck, D. (2018). Are green bonds priced differently from conventional bonds?. Journal of Asset Management, 19(6), 371-383. https://doi.org/10.1057/s41260-018-0088-5
  12. Hammoudeh, S., Ajmi, A. N., & Mokni, K. (2020). Relationship between green bonds and financial and environmental variables: a novel time-varying causality. Energy Economics, 92(October), 104941. https://doi.org/10.1016/j.eneco.2020.104941
  13. Han, M., Lin, H., Wang, J., Wang, Y., & Jiang, W. (2019). Turning corporate environmental ethics into firm performance: the role of green marketing programs. Business Strategy and the Environment, 28(6), 929-938. https://doi.org/10.1002/bse.2290
  14. Hong, J. H. (2021). A global strategy of a company that uses culture content as its core business. The Journal of Industrial Distribution & Business, 12(6), 37-46. https://doi.org/10.13106/JIDB.2021.VOL12.NO6.37
  15. Huynh, T. L. D. (2022). When 'green challenges 'prime': empirical evidence from government bond markets. Journal of Sustainable Finance & Investment, 12(2), 375-388. https://doi.org/10.1080/20430795.2020.1769984
  16. Huynh, T. L. D., Hille, E., & Nasir, M. A. (2020). Diversification in the age of the 4th industrial revolution: the role of artificial intelligence, green bonds, and cryptocurrencies. Technological Forecasting and Social Change, 159(October), 120188. https://doi.org/10.1016/j.techfore.2020.120188
  17. Kang, E. (2021). Qualitative content approach: impact of organizational climate on employee capability. East Asian Journal of Business Economics, 9(4), 57-67. https://doi.org/10.20498/EAJBE.2021.9.4.57
  18. Kumar, S. (2022). A quest for sustainium (sustainability Premium): a review of sustainable bonds. Academy of Accounting and Financial Studies Journal, 26(2), 1-18.
  19. Lebelle, M., Lajili Jarjir, S., & Sassi, S. (2020). Corporate green bond issuances: an international evidence. Journal of Risk and Financial Management, 13(2), 25. https://doi.org/10.3390/jrfm13020025
  20. Lee, M. K. K. (2019). Effective green alliances: an analysis of how environmental nongovernmental organizations affect corporate sustainability programs. Corporate Social Responsibility and Environmental Management, 26(1), 227-237. https://doi.org/10.1002/csr.1674
  21. Li, W., Xu, J., & Zheng, M. (2018). Green governance: new perspective from open innovation. Sustainability, 10(11), 3845. https://doi.org/10.3390/su10113845
  22. Li, Z., Tang, Y., Wu, J., Zhang, J., & Lv, Q. (2020). The interest costs of green bonds: credit ratings, corporate social responsibility, and certification. Emerging Markets Finance and Trade, 56(12), 2679-2692. https://doi.org/10.1080/1540496X.2018.1548350
  23. Liberati, A., Altman, D. G., Tetzlaff, J., Mulrow, C., Gotzsche, P. C., Ioannidis, J. P., Clarke, M., Devereaux, P. J., Kleijnen, J., & Moher, D. (2009). The PRISMA statement for reporting systematic reviews and meta-analyses of studies that evaluate health care interventions: explanation and elaboration. Journal of clinical epidemiology, 62(10), e1-e34. https://doi.org/10.1016/j.jclinepi.2009.06.006
  24. MacAskill, S., Roca, E., Liu, B., Stewart, R. A., & Sahin, O. (2021). Is there a green premium in the green bond market? Systematic literature review revealing premium determinants. Journal of Cleaner Production, 280(2), 124491. https://doi.org/10.1016/j.jclepro.2020.124491
  25. Mousa, S. K., & Othman, M. (2020). The impact of green human resource management practices on sustainable performance in healthcare organizations: a conceptual framework. Journal of Cleaner Production, 243(January), 118595. https://doi.org/10.1016/j.jclepro.2019.118595
  26. Naidoo, M., & Gasparatos, A. (2018). Corporate environmental sustainability in the retail sector: drivers, strategies and performance measurement. Journal of Cleaner Production, 203(December), 125-142. https://doi.org/10.1016/j.jclepro.2018.08.253
  27. Nanayakkara, M., & Colombage, S. (2019). Do investors in the green bond market pay a premium? Global evidence. Applied Economics, 51(40), 4425-4437. https://doi.org/10.1080/00036846.2019.1591611
  28. Nguyen, L. T., Nantharath, P., & Kang, E. (2022). The sustainable care model for an ageing population in Vietnam: evidence from a systematic review. Sustainability, 14(5), 2518. https://doi.org/10.3390/su14052518
  29. Nguyen, V. H., Agbola, F. W., & Choi, B. (2019). Does corporate social responsibility reduce information asymmetry? empirical evidence from Australia. Australian Journal of Management, 44(2), 188-211. https://doi.org/10.1177/0312896218797163
  30. Park, H., & Kim, J. D. (2020). Transition towards green banking: role of financial regulators and financial institutions. Asian Journal of Sustainability and Social Responsibility, 5(1), 1-25. https://doi.org/10.1186/s41180-019-0030-x
  31. Pham, N. T., Thanh, T. V., Tuckova, Z., & Thuy, V. T. N. (2020). The role of green human resource management in driving hotel's environmental performance: interaction and mediation analysis. International Journal of Hospitality Management, 88(July), 102392. https://doi.org/10.1016/j.ijhm.2019.102392
  32. Pianta, M., & Lucchese, M. (2020). Rethinking the European green deal: an industrial policy for a just transition in Europe. Review of Radical Political Economics, 52(4), 633-641. https://doi.org/10.1177/0486613420938207
  33. Prokopenko, O., & Miskiewicz, R. (2020). Perception of "Green Shipping" in contemporary conditions. Entrepreneurship and Sustainability Issues, 8(2), 269-284. https://doi.org/10.9770/jesi.2020.8.2(16)
  34. Reboredo, J. C., Ugolini, A., & Aiube, F. A. L. (2020). Network connectedness of green bonds and asset classes. Energy Economics, 86(February), 104629. https://doi.org/10.1016/j.eneco.2019.104629
  35. Sartzetakis, E. S. (2021). Green bonds as an instrument to finance low carbon transition. Economic Change and Restructuring, 54(3), 755-779. https://doi.org/10.1007/s10644-020-09266-9
  36. Sharma, M. (2018). Development of a 'green building sustainability model' for green buildings in India. Journal of cleaner production, 190(July), 538-551. https://doi.org/10.1016/j.jclepro.2018.04.154
  37. Sun, Z., & Zhang, W. (2019). Do government regulations prevent greenwashing? evolutionary game analysis of heterogeneous enterprises. Journal of Cleaner Production, 231(September), 1489-1502. https://doi.org/10.1016/j.jclepro.2019.05.335
  38. Taghizadeh-Hesary, F., & Yoshino, N. (2020). Sustainable solutions for green financing and investment in renewable energy projects. Energies, 13(4), 788. https://doi.org/10.3390/en13040788
  39. Tang, D. Y., & Zhang, Y. (2020). Do shareholders benefit from green bonds?. Journal of Corporate Finance, 61(April), 101427. https://doi.org/10.1016/j.jcorpfin.2018.12.001
  40. Tien, N. H., Hiep, P. M., Dai, N. Q., Duc, N. M., & Hong, T. T. K. (2020). Green entrepreneurship understanding in Vietnam. International Journal of Entrepreneurship, 24(2), 1-14.
  41. Tolliver, C., Keeley, A. R., & Managi, S. (2020). Drivers of green bond market growth: the importance of nationally determined contributions to the Paris agreement and implications for sustainability. Journal of cleaner production, 244(January), 118643. https://doi.org/10.1016/j.jclepro.2019.118643
  42. Tu, C. A., Rasoulinezhad, E., & Sarker, T. (2020). Investigating solutions for the development of a green bond market: evidence from analytic hierarchy process. Finance Research Letters, 34(May), 101457. https://doi.org/10.1016/j.frl.2020.101457
  43. Uduji, J. I., Okolo-Obasi, E. N., & Asongu, S. A. (2019). Multinational oil companies in Nigeria and corporate social responsibility in the HIV/AIDS response in host communities. Local Environment, 24(5), 393-416. https://doi.org/10.1080/13549839.2019.1585770
  44. Verger, A., Fontdevila, C., & Parcerisa, L. (2019). Reforming governance through policy instruments: How and to what extent standards, tests, and accountability in education spread worldwide. Discourse: Studies in the Cultural Politics of Education, 40(2), 248-270. https://doi.org/10.1080/01596306.2019.1569882
  45. Vuong, Q. H., La, V. P., Nguyen, H. K. T., Ho, M. T., Vuong, T. T., & Ho, M. T. (2021). Identifying the moral-practical gaps in corporate social responsibility missions of Vietnamese firms: an event-based analysis of sustainability feasibility. Corporate Social Responsibility and Environmental Management, 28(1), 30-41. https://doi.org/10.1002/csr.2029
  46. Wang, F., Yang, S., Reisner, A., & Liu, N. (2019). Does the green credit policy work in China? The correlation between green credit and corporate environmental information disclosure quality. Sustainability, 11(3), 733. https://doi.org/10.3390/su11030733
  47. Wang, J., Chen, X., Li, X., Yu, J., & Zhong, R. (2020). The market reaction to green bond issuance: evidence from China. Pacific-Basin Finance Journal, 60(April), 101294. https://doi.org/10.1016/j.pacfin.2020.101294
  48. Yang, Y., Lau, A. K., Lee, P. K., Yeung, A. C., & Cheng, T. E. (2018). Efficacy of China's strategic environmental management in its institutional environment. International Journal of Operations & Production Management, 39(1), 138-163.
  49. Zhang, L., Cao, C., Tang, F., He, J., & Li, D. (2019). Does China's emissions trading system foster corporate green innovation? evidence from regulating listed companies. Technology Analysis & Strategic Management, 31(2), 199-212. https://doi.org/10.1080/09537325.2018.1493189
  50. Zhang, L., Li, D., Cao, C., & Huang, S. (2018). The influence of greenwashing perception on green purchasing intentions: the mediating role of green word-of-mouth and the moderating role of green concern. Journal of Cleaner Production, 187(June), 740-750. https://doi.org/10.1016/j.jclepro.2018.03.201
  51. Zhang, W., Zhang, M., Zhang, W., Zhou, Q., & Zhang, X. (2020). What influences the effectiveness of green logistics policies? a grounded theory analysis. Science of the Total Environment, 714(April), 136731. https://doi.org/10.1016/j.scitotenv.2020.136731
  52. Zhao, S., Jiang, Y., & Wang, S. (2019). Innovation stages, knowledge spillover, and green economy development: the moderating role of absorptive capacity and environmental regulation. Environmental Science and Pollution Research, 26(24), 25312-25325. https://doi.org/10.1007/s11356-019-05777-9
  53. Zhou, X., & Cui, Y. (2019). Green bonds, corporate performance, and corporate social responsibility. Sustainability, 11(23), 68-81.