Professional Documents
Culture Documents
Neha Saini a 1, Monica Singhania b, Morshadul Hasan c 1, Miklesh Prasad Yadav d, Mohammad
Zoynul Abedin e
This study highlights bottlenecks and suggests the scope of future research on
Environmental, Social and Governance (ESG) to meet sustainable business goals. The findings
of this study include 13 major clusters refining ESG for sustainability, concluding with a new
theory encapsulating sustainable development through non-financial disclosure in business
processes. This study has significant practical implications on the ESG dimension in the
corporate world of emerging countries are under the development stage.
Ikechukwu, Nwakoby Clement Ndukaife and Chijindu, Ananwude Amalachukwu (2016) The
Role of Non-bank Financial Institutions on Financial Intermediation Process in Nigeria (1992-
2014). British Journal of Economics, Management & Trade, 14 (4). pp. 1-15. ISSN 2278098X
The role of non-bank financial institution towards financial intermediation process in Nigeria is
not fully noticed. It is against this background that we assess the effect of non-bank financial
institutions on financial intermediation process as well as the long run relationship between non-
bank The long run relationship was tested using the Johansen co-integration approach and the
effect assessment by granger causality effect test. The unit root result indicates that the variables
were stationary at first difference and free from stationarity defect associated with most time
series data. Johansen co-integration result reveals the presence of a long run relationship between
non-bank financial institutions and financial intermediation process in Nigeria. The granger
causality test on effect assessment reveals that it is only primary mortgage institutions activities
that have significant effect on financial intermediation process while there is no evidence of the
significant effect of discount houses, microfinance banks and finance companies on financial
intermediation process. In view of the positive relationship between non-bank financial
institutions and financial intermediation process, monetary authorities should put in place
adequate regulatory framework for the operation of non-bank financial institutions in Nigeria
especially primary mortgage institutions as it has significant effect on financial intermediation
process based on the finding of this study.
Andrew C. Worthington
The article deals with the analysis of non-bank financial institutions activity on the
financial market of Ukraine, their basic progress and co-operating trends with the real sector of
economy. The degree of development of non-bank financial institutions is presented through the
context of their influence on the economic growth of Ukraine, and is based on appropriate
foreign experience. Moreover, it is presented a methodical approach of determining the
integration of non-bank financial services market into the world financial space on the basis of
analysis of the level of openness and development of the domestic economy as a whole and the
market of non-bank financial services in comparison with other countries of the world. It is made
a comparison of the Ukrainian non-bank financial services market general level with indicators
of development of this sector in other countries of the world. Furthermore, it is determined the
share of foreign capital in the domestic market of non-bank financial services of Ukraine that
allows to determine the effectiveness of the changes that it brings to the domestic financial
services market. Finally, it is compared volumes of mutual use of foreign capital in the activities
of the Ukrainian non-bank financial services market and domestic capital in the activities of
foreign non-bank financial institutions