Mbanyele, W., Huang, H., Li, Y., Muchenje,
L. T., & Wang, F. (2022). Corporate social responsibility and green
innovation: Evidence from mandatory CSR disclosure laws. Economics Letters,
212, 110322.
Mbanyele et al. (2022) study the impact of Corporate Social Responsibility (CSR) performance on green innovation using CSR disclosure laws from different countries. Overall, the results of the study demonstrate that corporate engagement in CSR activities increases social welfare through the production of sustainable technologies. Furthermore, the results show that the impact of CSR disclosure laws is more significant for companies with weaker corporate governance and for companies that had lower CSR disclosure standards prior to CSR disclosure laws. A strength of this study is that it circumvents problems in measuring CSR activities by using laws on mandatory CSR reporting in different countries. The study is valuable because it provides consistent evidence that the quality and quantity of green patents by companies are increasing in countries that have enforced mandatory CSR disclosure laws. Moreover, the study provides evidence of the positive side of regulatory change, which is important for future research.
Adam, L., Soekarni, M., & Inayah, I. (2021). Indonesia’s Ultra Microcredit Programme: Financing Micro Businesses, Empowering the Poor. Journal of Southeast Asian Economies, 38(2), 263–280.
Adam et al. (2021) examined the effectiveness of the Ultra Microcredit (UMi) program, a government initiative in Indonesia designed to support micro businesses owned by vulnerable individuals through affordable loans. Despite limitations in the sample size of surveyed micro businesses, the study suggests that the UMi program has yielded positive outcomes for participants. However, the authors note that the program disproportionately benefits businesses located in Java and that the interest rates may be too high for some to access credit. Although some findings in the study may lack statistical reliability due to the small sample size, they provide valuable insights for further research on the topic of microfinance.