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Operational risk management, financial sector stability and sustainable development in West Africa

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dc.citedby1
dc.contributor.authorOsabohien G.en_US
dc.contributor.authorAdeleke O.K.en_US
dc.contributor.authorOsabohien R.en_US
dc.contributor.authorAl-Faryan M.A.S.en_US
dc.contributor.authorid59296849400en_US
dc.contributor.authorid57204012817en_US
dc.contributor.authorid57201922189en_US
dc.contributor.authorid57219595796en_US
dc.date.accessioned2025-03-03T07:41:38Z
dc.date.available2025-03-03T07:41:38Z
dc.date.issued2024
dc.description.abstractAchieving 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.en_US
dc.description.natureFinalen_US
dc.identifier.ArtNo214
dc.identifier.doi10.1007/s43621-024-00434-9
dc.identifier.issue1
dc.identifier.scopus2-s2.0-85201941434
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85201941434&doi=10.1007%2fs43621-024-00434-9&partnerID=40&md5=0916553245309fdf7e8438be884c503e
dc.identifier.urihttps://irepository.uniten.edu.my/handle/123456789/36230
dc.identifier.volume5
dc.publisherSpringer Natureen_US
dc.relation.ispartofAll Open Access; Gold Open Access
dc.sourceScopus
dc.sourcetitleDiscover Sustainability
dc.subjectWest Africa
dc.subjectcarbon emission
dc.subjectenvironmental protection
dc.subjectenvironmental tax
dc.subjectfinance
dc.subjectgreen economy
dc.subjectrisk assessment
dc.subjectsustainability
dc.subjectsustainable development
dc.titleOperational risk management, financial sector stability and sustainable development in West Africaen_US
dc.typeArticleen_US
dspace.entity.typePublication
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