Journals / Anatolia: Turizm Araştırmaları Dergisi / 2015 / Cilt: 26 - Sayı: 1

Green Banking and Green Credits: An Investigation on the Perspectives of Four and Five Star Hotels in Antalya

Yeşil Bankacılık ve Yeşil Krediler: Antalya'daki 4-5 Yıldızlı Otel İşletmelerinin Bakış Açıları Üzerine Bir Araştırma

Pages
80–96
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

This study delves into hotels’ perspective on green credits that are one of the specialized funds to support invest- ments saving natural environment and resources. Data has been collected through questionnaires from 142 finan- cial managements by using purposing sampling method. 16 performance criteria developed from hotels’ expec- tations of green investment, has been evaluated by the participants considering their hotels’ current and possible  usage of green credit situation. In addition to basic statistics, paired sample t-Test, explanatory and confirmative  factor analyses are applied. As a result of the study, it has been understood that, while in the current situation of  the hotels, performance indicators have been perceived under three factors, which are “social”, “economic” and  “cost control”, same indicators are perceived under two factors those are “social and economic” and “cost control”  in presumption of using green credit. Moreover, the most significant positive performance differentiation has been  observed among the “to get advantage of competiveness”, “cost control” and “social reputation” indicators, in  presumption of using green credit. The indicators “corporative economical reputation” and “capacity to pay debt”  however, show no significant differentiation in terms of using green credit. 

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This study delves into hotels’ perspective on green credits that are one of the specialized funds to support invest- ments saving natural environment and resources. Data has been collected through questionnaires from 142 finan- cial managements by using purposing sampling method. 16 performance criteria developed from hotels’ expec- tations of green investment, has been evaluated by the participants considering their hotels’ current and possible  usage of green credit situation. In addition to basic statistics, paired sample t-Test, explanatory and confirmative  factor analyses are applied. As a result of the study, it has been understood that, while in the current situation of  the hotels, performance indicators have been perceived under three factors, which are “social”, “economic” and  “cost control”, same indicators are perceived under two factors those are “social and economic” and “cost control”  in presumption of using green credit. Moreover, the most significant positive performance differentiation has been  observed among the “to get advantage of competiveness”, “cost control” and “social reputation” indicators, in  presumption of using green credit. The indicators “corporative economical reputation” and “capacity to pay debt”  however, show no significant differentiation in terms of using green credit. 
📊
Key Findings & Data:This study delves into hotels’ perspective on green credits that are one of the specialized funds to support invest- ments saving natural environment and resources. Data has been collected through questionnaires from 142 finan- cial managements by using purposing sampling method. 16 performance criteria developed from hotels’ expec- tations of green investment, has been evaluated by the participants considering their hotels’ current and possible  usage of green credit situation. In addition to basic statistics, paired sample t-Test, explanatory and confirmative  factor analyses are applied. As a result of the study, it has been understood that, while in the current situation of  the hotels, performance indicators have been perceived under three factors, which are “social”, “economic” and  “cost control”, same indicators are perceived under two factors those are “social and economic” and “cost control”  in presumption of using green credit. Moreover, the most significant positive performance differentiation has been  observed among the “to get advantage of competiveness”, “cost control” and “social reputation” indicators, in  presumption of using green credit. The indicators “corporative economical reputation” and “capacity to pay debt”  however, show no significant differentiation in terms of using green credit. 
💡
Conclusion & Impact:This study delves into hotels’ perspective on green credits that are one of the specialized funds to support invest- ments saving natural environment and resources. Data has been collected through questionnaires from 142 finan- cial managements by using purposing sampling method. 16 performance criteria developed from hotels’ expec- tations of green investment, has been evaluated by the participants considering their hotels’ current and possible  usage of green credit situation. In addition to basic statistics, paired sample t-Test, explanatory and confirmative  factor analyses are applied. As a result of the study, it has been understood that, while in the current situation of  the hotels, performance indicators have been perceived under three factors, which are “social”, “economic” and  “cost control”, same indicators are perceived under two factors those are “social and economic” and “cost control”  in presumption of using green credit. Moreover, the most significant positive performance differentiation has been  observed among the “to get advantage of competiveness”, “cost control” and “social reputation” indicators, in  presumption of using green credit. The indicators “corporative economical reputation” and “capacity to pay debt”  however, show no significant differentiation in terms of using green credit. 
🔬Design:Survey & Empirical Study
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

This study delves into hotels’ perspective on green credits that are one of the specialized funds to support invest- ments saving natural environment and resources. Data has been collected through questionnaires from 142 finan- cial managements by using purposing sampling method. 16 performance criteria developed from hotels’ expec- tations of green investment, has been evaluated by the participants considering their hotels’ current and possible  usage of green credit situation. In addition to basic statistics, paired sample t-Test, explanatory and confirmative  factor analyses are applied. As a result of the study, it has been understood that, while in the current situation of  the hotels, performance indicators have been perceived under three factors, which are “social”, “economic” and  “cost control”, same indicators are perceived under two factors those are “social and economic” and “cost control”  in presumption of using green credit. Moreover, the most significant positive performance differentiation has been  observed among the “to get advantage of competiveness”, “cost control” and “social reputation” indicators, in  presumption of using green credit. The indicators “corporative economical reputation” and “capacity to pay debt”  however, show no significant differentiation in terms of using green credit. 

Özet

Doğal çevre ve kaynakları koruyan yatırımların desteklenmesi için ayrılan özellikli kaynaklardan biri olan yeşil kredilere otel işletmelerinin bakış açılarının araştırıldığı bu çalışmada, amaçlı örnekleme tekniği kullanılarak 142 finans müdüründen anket formu aracılığıyla veri toplanmıştır. İşletmelerin yeşil yatırımlardan bekledikleri getirileri araştıran nitel çalışmalardan yararlanılarak geliştirilen 16 performans göstergesinin, otellerin mevcut ve yeşil kredi kullanma durumlarına göre değişimi araştırılmıştır. Temel istatistiklerin yanı sıra, araştırmada eşleştirilmiş t-Testi, açımlayıcı faktör analizi ve doğrulayıcı faktör analizi gerçekleştirilmiştir. Araştırma sonuçlarına göre, katılımcıların mevcut durumda “sosyal”, “ekonomik” ve “maliyet kontrolü” faktörleri altında algıladıkları performans gösterge- lerini, yeşil kredi kullanmaları durumda “sosyal ve ekonomik” ve “maliyet kontrol” olarak iki faktör altında algıla- dıkları anlaşılmıştır. Ayrıca, yeşil kredi kullanma durumunda en olumlu performans değişiminin “rekabet avantajı elde etme”, “maliyet kontrolü” ve “sosyal itibar” göstergelerinde gerçekleştiği buna karşın “kurumsal ekonomik itibar” ve “borçları ödeme gücü”nün yeşil kredi kullanma durumuna göre istatistiksel olarak anlamlı değişiklik göstermediği ortaya çıkmıştır.

🔖

Cite This Article

GÜLER, O., TUFAN, E. (2015). Green Banking and Green Credits: An Investigation on the Perspectives of Four and Five Star Hotels in Antalya. Anatolia: Turizm Araştırmaları Dergisi, Cilt: 26 - Sayı: 1, 80–96. https://ajindex.com/articles/149290

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (17)

  1. Aaboen L., Lindelöf, P., Koch. V.C. ve Löfsten, H. (2006). Cor- porate Governance and Performance of Small High-Tech Firms in Sweden, Technovation, 26: 955-968.
  2. Agarwal, R. ve Elston, J. A. (2001). Bank–Firm Relationships, Financing and Firm Performance in Germany, Economics Letters, 72: 225-232.
  3. Aizawa, M. ve Yang, C. (2010).
  4. Green Credit, Green Stimulus, Green Revolution? China’s Mobilization of Banks for En- vironmental Cleanup, Journal of Environment and Develop- ment, 19: 119-144.
  5. Akgüç, Ö. (1998). Finansal Yönetim. İstanbul:
  6. Avcıol Basım Yayın. Akış, S. (1999).
  7. Sürdürülebilir Turizm ve Türkiye, Anatolia Tu- rizm Araştırmaları Dergisi, 10: 36-46.
  8. Berns, M., Townend, A., Khayat, Z., Balagopal, B., Reeves, M., Hopkins, M. ve Kruschwitz, N. (2009). The Business Of Sustainability: What It Means to Managers Now, MIT Slo- an Management Review, 51-1: 6-20.
  9. Bouma, J. J., Jeucken, M. ve Klinkers, L. (2001). Sustainable Ban- king: The Greening of Finance. Sheffield. Greenleaf Publis- hing and Deloitte&Touche. Campello, M. (2006). Debt Financing: Does it Boost or Hurt Firm Performance in Product Markets?, Journal of Financial Eco- nomics, 82: 135-172.
  10. Ceylan, A. ve Korkmaz, T. (2008). Finansal Yönetim. Bursa: Ekin Yayınevi.
  11. Cowton, C. J. ve Thompson P. (2000). Do Codes Make a Diffe- rence? The Case of Bank Lending and The Environment, Journal of Business Ethics, 24: 165-178.
  12. Çokluk, Ö., Şekercioğlu, G. ve Büyüköztürk, Ş. (2010). Sosyal Bi- limler İçin Çok Değişkenli Istatistik - Spss ve Lisrel Uygulama- ları. Ankara:
  13. Pegem Akademi. Faulk, S. (2000). A Survey of Environmental Management by Hotels And Related Tourism Business. Prensentation Paper for Oi- kos PhD Summer Academy. Ferri, G. ve Messori, M. (2000). Bank-Firm Relationships and Al- locative Efficiency in Northeastern and Central Italy and in the South, Journal of Banking & Finance, 24: 1067-1095.
  14. Forsyth, T. (1997). Environmental Responsibility and Business Regulation: The Case of Sustainable Tourism, Geographi- cal Journal, 163: 270-280.
  15. Garrod, B. ve Fyall, A. (1998). Beyond the Rhetoric of Sustainab- le Tourism?, Tourism Management, 19: 199-212.
  16. Graci, S. ve Dodds, R. (2008). Why Go Green? The Business Ca- se for Environmental Commitment in the Canadian Hotel Industry, Anatolia: An International Journal of Tourism and Hospitality Research, 19: 251-270.
  17. Haralambopoulos, D. A. ve Polatidis, H. (2003). Renewable Energy Projects: Structuring a Multicriteria Group Deci- sion-Making Framework, Renewable Ene