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Navigating the Terrain of Sustainable Finance: A Phenomenological and Narrative Enquiry into Managerial Challenges

Author

Listed:
  • Abdelaziz Al Owais

    (PhD Candidate, The British University in Dubai, Dubai, United Arab Emirates; & Senior Economist, Department of Statistics and Community Development, Sharjah, United Arab Emirates)

  • Robinson Joseph

    (Faculty of Business, Skyline University College, Sharjah, United Arab Emirates)

Abstract

This research aims to identify the managers’ perspective on implementing and adopting sustainable financing models in Dubai. Firstly, Sustainable financing must be defined to differentiate the sustainable model from the traditional financing models, secondly, provide past implementation practices to investigate both external and internal factors in comparison with traditional finance (TF). Finally, record the manager’s feelings around this topic. The methodology used is a primary qualitative to dig deeper into understanding from past literature and identify managerial participants from Dubai concerning the implementation of sustainable financing. The paper developed findings that defined the link or difference between sustainable financing (SF) and traditional finance (TF). The propositions in the qualitative literature from studies entail that the UN SGDs heavily influence sustainable financing to adopt ESG practices. However, greenwashing, high costs and ambiguity discourage investors and managers from integrating SF efficiently and indicate challenges to SF implementation. The study implies that the Sustainable Financing model is extremely like the traditional financing model except for the ESG compliance. However, regarding management and operations, the system does not differ much. It is evident that Sustainable Financing standardization is a challenge the managers face.

Suggested Citation

  • Abdelaziz Al Owais & Robinson Joseph, 2024. "Navigating the Terrain of Sustainable Finance: A Phenomenological and Narrative Enquiry into Managerial Challenges," International Journal of Economics and Financial Issues, International Journal of Economics and Financial Issues, vol. 14(6), pages 291-301, October.
    • Handle: RePEc:eco:journ1:2024-06-32
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    References listed on IDEAS

    as
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    Cited by:

    1. Beatrice Redkinaite, 2026. "The impact of sustainable finance on a country’s economic performance," Transformations and Sustainability, Centre for Productivity and Sustainability Analysis, vol. 2(2), pages 167-179.

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    Keywords

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    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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