Operational risk management, financial sector stability and sustainable development in West Africa
Achieving sustainable development in West Africa is vital for integrating environmental, social and economic well-being in the region. This study examines the impact of operational risk management and financial sector?s stability on sustainable development in West Africa, focusing on countries that...
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my.uniten.dspace-362302025-03-03T15:41:38Z Operational risk management, financial sector stability and sustainable development in West Africa Osabohien G. Adeleke O.K. Osabohien R. Al-Faryan M.A.S. 59296849400 57204012817 57201922189 57219595796 West Africa carbon emission environmental protection environmental tax finance green economy risk assessment sustainability sustainable development Achieving sustainable development in West Africa is vital for integrating environmental, social and economic well-being in the region. This study examines the impact of operational risk management and financial sector?s stability on sustainable development in West Africa, focusing on countries that are members of the Economic Community of West African States (ECOWAS) from 2015 to 2022. Data from the World Development Indicators (WDI) and country Policy and Institutional Assessment (CPIA) were analyzed using the systems GMM to control for endogeneity. The study found conflicting results for financial sector stability?s impact on adjusted net savings and the sustainable development index. While financial sector stability had a negative effect on adjusted net savings, it had a positive impact on the sustainable development index. Additionally, environmental taxes were found to contribute to sustainable development by promoting efficiency and reducing carbon emissions. In conclusion, addressing operational risks, ensuring financial sector stability and promoting sustainable development can help achieve SDGs 8, 9, and 11, creating a stable, inclusive, and resilient economic environment conducive to long-term growth and sustainability in West Africa. ? The Author(s) 2024. Final 2025-03-03T07:41:38Z 2025-03-03T07:41:38Z 2024 Article 10.1007/s43621-024-00434-9 2-s2.0-85201941434 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85201941434&doi=10.1007%2fs43621-024-00434-9&partnerID=40&md5=0916553245309fdf7e8438be884c503e https://irepository.uniten.edu.my/handle/123456789/36230 5 1 214 All Open Access; Gold Open Access Springer Nature Scopus |
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West Africa carbon emission environmental protection environmental tax finance green economy risk assessment sustainability sustainable development |
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West Africa carbon emission environmental protection environmental tax finance green economy risk assessment sustainability sustainable development Osabohien G. Adeleke O.K. Osabohien R. Al-Faryan M.A.S. Operational risk management, financial sector stability and sustainable development in West Africa |
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Achieving sustainable development in West Africa is vital for integrating environmental, social and economic well-being in the region. This study examines the impact of operational risk management and financial sector?s stability on sustainable development in West Africa, focusing on countries that are members of the Economic Community of West African States (ECOWAS) from 2015 to 2022. Data from the World Development Indicators (WDI) and country Policy and Institutional Assessment (CPIA) were analyzed using the systems GMM to control for endogeneity. The study found conflicting results for financial sector stability?s impact on adjusted net savings and the sustainable development index. While financial sector stability had a negative effect on adjusted net savings, it had a positive impact on the sustainable development index. Additionally, environmental taxes were found to contribute to sustainable development by promoting efficiency and reducing carbon emissions. In conclusion, addressing operational risks, ensuring financial sector stability and promoting sustainable development can help achieve SDGs 8, 9, and 11, creating a stable, inclusive, and resilient economic environment conducive to long-term growth and sustainability in West Africa. ? The Author(s) 2024. |
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59296849400 |
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59296849400 Osabohien G. Adeleke O.K. Osabohien R. Al-Faryan M.A.S. |
| format |
Article |
| author |
Osabohien G. Adeleke O.K. Osabohien R. Al-Faryan M.A.S. |
| author_sort |
Osabohien G. |
| title |
Operational risk management, financial sector stability and sustainable development in West Africa |
| title_short |
Operational risk management, financial sector stability and sustainable development in West Africa |
| title_full |
Operational risk management, financial sector stability and sustainable development in West Africa |
| title_fullStr |
Operational risk management, financial sector stability and sustainable development in West Africa |
| title_full_unstemmed |
Operational risk management, financial sector stability and sustainable development in West Africa |
| title_sort |
operational risk management, financial sector stability and sustainable development in west africa |
| publisher |
Springer Nature |
| publishDate |
2025 |
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1825816266245406720 |
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13.244413 |