Identification of green financing strategies in Iran's banking sector and its political effects on the structural changes of the industry sector

Dadkhah Turkdari, Ali Asghar; Abbasian, Ezatollah; Ebrahimi, Mohsen

doi:10.22075/ijnaa.2022.28798.3992

Identification of green financing strategies in Iran's banking sector and its political effects on the structural changes of the industry sector

Document Type : Research Paper

Authors

Ali Asghar Dadkhah Turkdari ¹

Ezatollah Abbasian ²

Mohsen Ebrahimi ³

¹ Department of Management, Aras International Campus, University of Tehran, Tehran, Iran

² Department of Management, University of Tehran, Tehran, Iran

³ Department of Economics, Kharazmi University, Tehran, Iran

10.22075/ijnaa.2022.28798.3992

Abstract

Green financing is a strategy for the financial sector in the direction of sustainable development, which is being considered all over the world today. Green mortgages, green car loans, alternative energy ventures, eco-friendly deposits, and green credit cards are just a handful of innovative green financial products currently being offered in the world. In this regard, the main purpose of this research is to identify green financing strategies in Iran's banking sector and their political effects on the structural changes of the industry sector. In this research, there are two main questions: 1. What are the green financing strategies in Iran's banking sector? 2. What is the policy effect of green financing on the structural changes in the industry sector? In this research, the data needed to test the research hypothesis has been collected using the questionnaire tool as well as the library method. Descriptive statistics and inferential statistics methods have been used to analyze the collected data. In the inferential analysis part of the research, the gray relation analysis method has been used. The results show that the green financing index is most closely related to the investment level of the industry sector; Also, there is the lowest intensity of the relationship between green finance and the index of the added value share of value added in the industry sector. All, the evidence shows that green financing is related to many structural variables of the industry; but the intensity of the relationship will be different depending on the type of variable.

Keywords

green finance

banking industry

gray relationship analysis

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