This research intents to analyze the influence of Socio-Environmental Responsibility Policy of Brazilian’s Central Bank on financial institutions economic performance listed at the Brazilian stock exchange.The data w...This research intents to analyze the influence of Socio-Environmental Responsibility Policy of Brazilian’s Central Bank on financial institutions economic performance listed at the Brazilian stock exchange.The data was collected from diversified sources(websites,explanatory notes,reference form and Economatica®data base)from 2012 up to 2017.As sample,22 financial institutions were considered for data collection and analysis.The results showed that the growth in shareholder’s equity and contingent liabilities have significant differences from the adoption of the Socio-Environmental Responsibility Policy.Considering six items of corporate governance and six items of risk management,no investigated institution presented all these mechanisms requested by Brazilian’s Central Bank.Brazilian’s financial institutions recognized a greater volume of liabilities and expenses after the implementation of such policy,which reduced their net equity.This research shed some lights in socio-environmental policies regarding corporate governance and risk management mechanisms.Objective:to analyze whether the adoption of a socio-environmental responsibility policy influences the performance indicators and the corporate governance and risk management framework of financial institutions listed on the Brazilian stock exchange.Method:Data were collected from the period 2012 to 2017,referring to 22 Brazilian financial institutions,which provided information to operationalize the variables.Results:the results showed that,from the performance indicators investigated,the growth in shareholders'equity and contingent liabilities presented significant differences as of the adoption of the socio-environmental responsibility policy.Twelve items were analyzed,six of which were corporate governance and six of risk management,noting that no investigated institution presented all the mechanisms provided by the Central Bank of Brazil.Contributions:the evidence suggests that Brazilian financial institutions began to recognize a greater volume of liabilities and expenses after the obligation to implement the socio-environmental responsibility policy,reducing their net equity.These results may be due to the improvement of the corporate governance structure and the adequacy of the risk management process.展开更多
As an important force in promoting economic and social development,small and medium-sized enterprises play a crucial role in enhancing China’s economic strength,creating employment opportunities,and promoting industr...As an important force in promoting economic and social development,small and medium-sized enterprises play a crucial role in enhancing China’s economic strength,creating employment opportunities,and promoting industrial structural transformation.However,due to their inherent weaknesses,small and medium-sized enterprises often face difficulties in financing within the traditional financial service system.This makes it difficult for small and medium-sized enterprises to inject vitality into the development of the market economy by expanding their financing scale.Since 2013,China has vigorously developed inclusive finance and extended the services of traditional financial institutions to small and medium-sized enterprises,providing policy guidance,resource support,and technical support to alleviate the financing difficulties of small and medium-sized enterprises.Based on this,this article focuses on the current financing problems faced by small and medium-sized enterprises and specifically elaborates on how to lower the financing threshold for small and medium-sized enterprises and broaden their financing channels through inclusive finance,in order to promote the development of inclusive finance and a virtuous cycle of financing for small and medium-sized enterprises.展开更多
文摘This research intents to analyze the influence of Socio-Environmental Responsibility Policy of Brazilian’s Central Bank on financial institutions economic performance listed at the Brazilian stock exchange.The data was collected from diversified sources(websites,explanatory notes,reference form and Economatica®data base)from 2012 up to 2017.As sample,22 financial institutions were considered for data collection and analysis.The results showed that the growth in shareholder’s equity and contingent liabilities have significant differences from the adoption of the Socio-Environmental Responsibility Policy.Considering six items of corporate governance and six items of risk management,no investigated institution presented all these mechanisms requested by Brazilian’s Central Bank.Brazilian’s financial institutions recognized a greater volume of liabilities and expenses after the implementation of such policy,which reduced their net equity.This research shed some lights in socio-environmental policies regarding corporate governance and risk management mechanisms.Objective:to analyze whether the adoption of a socio-environmental responsibility policy influences the performance indicators and the corporate governance and risk management framework of financial institutions listed on the Brazilian stock exchange.Method:Data were collected from the period 2012 to 2017,referring to 22 Brazilian financial institutions,which provided information to operationalize the variables.Results:the results showed that,from the performance indicators investigated,the growth in shareholders'equity and contingent liabilities presented significant differences as of the adoption of the socio-environmental responsibility policy.Twelve items were analyzed,six of which were corporate governance and six of risk management,noting that no investigated institution presented all the mechanisms provided by the Central Bank of Brazil.Contributions:the evidence suggests that Brazilian financial institutions began to recognize a greater volume of liabilities and expenses after the obligation to implement the socio-environmental responsibility policy,reducing their net equity.These results may be due to the improvement of the corporate governance structure and the adequacy of the risk management process.
文摘As an important force in promoting economic and social development,small and medium-sized enterprises play a crucial role in enhancing China’s economic strength,creating employment opportunities,and promoting industrial structural transformation.However,due to their inherent weaknesses,small and medium-sized enterprises often face difficulties in financing within the traditional financial service system.This makes it difficult for small and medium-sized enterprises to inject vitality into the development of the market economy by expanding their financing scale.Since 2013,China has vigorously developed inclusive finance and extended the services of traditional financial institutions to small and medium-sized enterprises,providing policy guidance,resource support,and technical support to alleviate the financing difficulties of small and medium-sized enterprises.Based on this,this article focuses on the current financing problems faced by small and medium-sized enterprises and specifically elaborates on how to lower the financing threshold for small and medium-sized enterprises and broaden their financing channels through inclusive finance,in order to promote the development of inclusive finance and a virtuous cycle of financing for small and medium-sized enterprises.
