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The Architecture of Financial Networks and Models of Financial Instruments According to the “Just Transition Mechanism” at the European Level

Author

Listed:
  • Otilia Manta

    (Romanian Academy, Center for Financial and Monetary Research “Victor Slăvescu”, 050711 Bucharest, Romania
    Research Department, Romanian-American University, 012101 Bucharest, Romania)

  • Kostas Gouliamos

    (Department of Management and Marketing, European University Cyprus, 1516 Nicosia, Cyprus)

  • Jie Kong

    (Business School, La Trobe University, Sydney, NSW 2000, Australia)

  • Zhou Li

    (Business School, The University of New South Wales, Sydney, NSW 2052, Australia)

  • Nguyen Minh Ha

    (Business and Economics Research Group, Ho Chi Minh City Open University, 97 Vo Van Tan Street, District 3, Ho Chi Minh City 700000, Vietnam)

  • Rajendra Prasad Mohanty

    (Vice Chancellor, Siksha ‘O’ Anusandhan University, Bhubaneswar 751030, India)

  • Hongmei Yang

    (Rattanakosin International College of Creative Entrepreneurship, Rajamangala University of Technology Rattanakosin, Nakhon Pathom 73170, Thailand)

  • Ruihui Pu

    (National Institute of Development Administration, Bangkok 10400, Thailand)

  • Xiao-Guang Yue

    (Department of Management and Marketing, European University Cyprus, 1516 Nicosia, Cyprus
    Vice Chancellor, Siksha ‘O’ Anusandhan University, Bhubaneswar 751030, India
    Rattanakosin International College of Creative Entrepreneurship, Rajamangala University of Technology Rattanakosin, Nakhon Pathom 73170, Thailand
    Center for Research and Innovation in Business Sciences and Information Systems (CIICESI), Escola Superior de Tecnologia e Gestão, Politécnico do Porto, 4610-156 Felgueiras, Portugal)

Abstract

At the global level and in particular the European level, challenges related to climate change and the transition to green transactions have created an imperative where identifying or developing innovative financial instruments, appropriate for these priorities, have become our research priorities and objectives. Starting from the analysis of the European Investment Plan for green transactions, as well as the EU Directive 2018/410 of the European Parliament and of the Council, in conjunction with ongoing efforts to identify innovative financing tools, research is presented based on hypotheses using concepts and models of green financing. The paper aims to analyze the main concepts and phenomena that could be considered generative factors for current financial market trends, as well as the inventory of facts and acts that provide a picture of the financial market. Based on these investigations, this paper suggest how we can best analyze the economic environment, processes, and resources in terms of their predictions regarding the sustainability of financial markets in the context of current challenges. Moreover, our paper aims to highlight in our empirical research the above-mentioned aspects, including the analysis of the emergence of new financial instruments at the global level with a direct impact on financial sustainability at the European level, including reflecting certain particularities of financial markets Romania. This research will be both a scientific contribution to the specialized literature and a possible support tool for the practical activities of entrepreneurs in their economic endeavor of developing sustainable businesses.

Suggested Citation

  • Otilia Manta & Kostas Gouliamos & Jie Kong & Zhou Li & Nguyen Minh Ha & Rajendra Prasad Mohanty & Hongmei Yang & Ruihui Pu & Xiao-Guang Yue, 2020. "The Architecture of Financial Networks and Models of Financial Instruments According to the “Just Transition Mechanism” at the European Level," JRFM, MDPI, vol. 13(10), pages 1-24, October.
    • Handle: RePEc:gam:jjrfmx:v:13:y:2020:i:10:p:235-:d:422621
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    References listed on IDEAS

    as
    1. Yan Han & Xue-Feng Shao & Xin Cui & Xiao-Guang Yue & Kelvin Joseph Bwalya & Otilia Manta, 2019. "Assessing Investor Belief: An Analysis of Trading for Sustainable Growth of Stock Markets," Sustainability, MDPI, vol. 11(20), pages 1-18, October.
    2. Han He & Sicheng Li & Lin Hu & Nelson Duarte & Otilia Manta & Xiao-Guang Yue, 2019. "Risk Factor Identification of Sustainable Guarantee Network Based on Logistic Regression Algorithm," Sustainability, MDPI, vol. 11(13), pages 1-19, June.
    3. Giammarioli, Nicola & Annicchiarico, Barbara, 2004. "Fiscal rules and sustainability of public finances in an endogenous growth model," Working Paper Series 381, European Central Bank.
    4. Xiao-Guang Yue & Yong Cao & Nelson Duarte & Xue-Feng Shao & Otilia Manta, 2019. "Social and Financial Inclusion through Nonbanking Institutions: A Model for Rural Romania," JRFM, MDPI, vol. 12(4), pages 1-15, October.
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    1. Otilia Manta & Eglantina Hysa & Alba Kruja, 2021. "Finances and National Economy: Frugal Economy as a Forced Approach of the COVID Pandemic," Sustainability, MDPI, vol. 13(11), pages 1-25, June.

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