Is green always beneficial? assessing the true impact of greenfield investments on green economy---evidence from selected asean countries
This study examines the impact of greenfield investments on the green economy across the ASEAN region based on a dataset from 2003 to 2020 Specifically, the analysis focuses on the relationship between greenfield investments and various economic indicators through models incorporating the Green Econ...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Human Resources Management Academic Research Society (HRMARS)
2024
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| Online Access: | http://psasir.upm.edu.my/id/eprint/116968/ http://psasir.upm.edu.my/id/eprint/116968/1/116968.pdf |
| _version_ | 1848867133561241600 |
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| author | Soh, Wei Ni Lau, Wei Theng Mazlan, Nur Syazwani Tun, Yin Li |
| author_facet | Soh, Wei Ni Lau, Wei Theng Mazlan, Nur Syazwani Tun, Yin Li |
| author_sort | Soh, Wei Ni |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This study examines the impact of greenfield investments on the green economy across the ASEAN region based on a dataset from 2003 to 2020 Specifically, the analysis focuses on the relationship between greenfield investments and various economic indicators through models incorporating the Green Economy Index, which is constructed via Principal Component Analysis (PCA) from variables including GDP, GDP growth, and the Sustainable Development Index. The findings indicate that greenfield investments consistently correlate negatively with the green economy, suggesting that these investments may not inherently support sustainable economic outcomes in their current form. The study recommends that future policies in the ASEAN region should promote sustainability criteria for greenfield investments and encourage practices that integrate economic growth with environmental sustainability. |
| first_indexed | 2025-11-15T14:31:39Z |
| format | Article |
| id | upm-116968 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T14:31:39Z |
| publishDate | 2024 |
| publisher | Human Resources Management Academic Research Society (HRMARS) |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-1169682025-04-21T08:05:01Z http://psasir.upm.edu.my/id/eprint/116968/ Is green always beneficial? assessing the true impact of greenfield investments on green economy---evidence from selected asean countries Soh, Wei Ni Lau, Wei Theng Mazlan, Nur Syazwani Tun, Yin Li This study examines the impact of greenfield investments on the green economy across the ASEAN region based on a dataset from 2003 to 2020 Specifically, the analysis focuses on the relationship between greenfield investments and various economic indicators through models incorporating the Green Economy Index, which is constructed via Principal Component Analysis (PCA) from variables including GDP, GDP growth, and the Sustainable Development Index. The findings indicate that greenfield investments consistently correlate negatively with the green economy, suggesting that these investments may not inherently support sustainable economic outcomes in their current form. The study recommends that future policies in the ASEAN region should promote sustainability criteria for greenfield investments and encourage practices that integrate economic growth with environmental sustainability. Human Resources Management Academic Research Society (HRMARS) 2024-05-14 Article PeerReviewed text en cc_by_4 http://psasir.upm.edu.my/id/eprint/116968/1/116968.pdf Soh, Wei Ni and Lau, Wei Theng and Mazlan, Nur Syazwani and Tun, Yin Li (2024) Is green always beneficial? assessing the true impact of greenfield investments on green economy---evidence from selected asean countries. International Journal of Academic Research in Business and Social Sciences, 14 (5). pp. 578-591. ISSN 2222-6990 https://hrmars.com/index.php/IJARBSS/article/view/21408/Is-Green-Always-Beneficial-Assessing-the-True-Impact-of-Greenfield-Investments-on-Green-Economy-Evidence-from-Selected-Asean-Countries 10.6007/ijarbss/v14-i5/21408 |
| spellingShingle | Soh, Wei Ni Lau, Wei Theng Mazlan, Nur Syazwani Tun, Yin Li Is green always beneficial? assessing the true impact of greenfield investments on green economy---evidence from selected asean countries |
| title | Is green always beneficial? assessing the true impact of greenfield investments on green economy---evidence from selected asean countries |
| title_full | Is green always beneficial? assessing the true impact of greenfield investments on green economy---evidence from selected asean countries |
| title_fullStr | Is green always beneficial? assessing the true impact of greenfield investments on green economy---evidence from selected asean countries |
| title_full_unstemmed | Is green always beneficial? assessing the true impact of greenfield investments on green economy---evidence from selected asean countries |
| title_short | Is green always beneficial? assessing the true impact of greenfield investments on green economy---evidence from selected asean countries |
| title_sort | is green always beneficial? assessing the true impact of greenfield investments on green economy---evidence from selected asean countries |
| url | http://psasir.upm.edu.my/id/eprint/116968/ http://psasir.upm.edu.my/id/eprint/116968/ http://psasir.upm.edu.my/id/eprint/116968/ http://psasir.upm.edu.my/id/eprint/116968/1/116968.pdf |