A global shift toward renewable energy has proved to be a major constituent in drifting toward cl... more A global shift toward renewable energy has proved to be a major constituent in drifting toward climate change. Given the context, the present research study focuses on the nexus between renewable energy, transport services, and performance on economic and environmental fronts. The study has employed an ARDL time series approach to test the effects of hypothesized relationships for the period from 1989 to 2020. The results of the study divulge that the consumption of RE is inversely and significantly coupled with the economic and environmental performance indicators, validating the notion that Romania has emerged as a leading renewable energy user. Foreign direct investment inflows in Romania are significantly and positively associated with the economic and environmental performance indicators. However, the impact of foreign direct investment inflows tends to be smaller than that of the forest area and renewable energy. All the exogenous variables appear to affect the economic and en...
Journal of Accounting and Finance in Emerging Economies, 2020
Purpose: Firms have different costs and benefits and asymmetric information across their life cyc... more Purpose: Firms have different costs and benefits and asymmetric information across their life cycle stages and hence each stage has different financial pattern and speed of adjustment towards target capital. Methodology: We use System GMM to test the hypotheses. We use market leverages proxies for the capital structure, life cycle proxies: introduction, growth, mature, shakeout and decline and the control determinants of capital structure such as profitability, tangibility, firm size and growth opportunities. We estimate the financial pattern and speed of adjustment along life cycle stages of manufacturing firms from eleven Asian economies over the period of 2010-2018. Findings: The results show that firms in earlier stages have more long term debt than mature stage. The speed of adjustment towards target capital structure is highest in mature stage than the other stages. The control determinants significantly affect market leverages. Implications: The findings suggest that manageme...
A global shift toward renewable energy has proved to be a major constituent in drifting toward cl... more A global shift toward renewable energy has proved to be a major constituent in drifting toward climate change. Given the context, the present research study focuses on the nexus between renewable energy, transport services, and performance on economic and environmental fronts. The study has employed an ARDL time series approach to test the effects of hypothesized relationships for the period from 1989 to 2020. The results of the study divulge that the consumption of RE is inversely and significantly coupled with the economic and environmental performance indicators, validating the notion that Romania has emerged as a leading renewable energy user. Foreign direct investment inflows in Romania are significantly and positively associated with the economic and environmental performance indicators. However, the impact of foreign direct investment inflows tends to be smaller than that of the forest area and renewable energy. All the exogenous variables appear to affect the economic and en...
Journal of Accounting and Finance in Emerging Economies, 2020
Purpose: Firms have different costs and benefits and asymmetric information across their life cyc... more Purpose: Firms have different costs and benefits and asymmetric information across their life cycle stages and hence each stage has different financial pattern and speed of adjustment towards target capital. Methodology: We use System GMM to test the hypotheses. We use market leverages proxies for the capital structure, life cycle proxies: introduction, growth, mature, shakeout and decline and the control determinants of capital structure such as profitability, tangibility, firm size and growth opportunities. We estimate the financial pattern and speed of adjustment along life cycle stages of manufacturing firms from eleven Asian economies over the period of 2010-2018. Findings: The results show that firms in earlier stages have more long term debt than mature stage. The speed of adjustment towards target capital structure is highest in mature stage than the other stages. The control determinants significantly affect market leverages. Implications: The findings suggest that manageme...
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Papers by Sajid amin