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Consumer Surplus for Air Quality Improvement in the Transport Sector in Klang Valley, Malaysia: Contingent Valuation Method and Choice Experimental Approach Sarabdeen, Masahina; Afroz, Rafia; A.C. Muhammadu, Kijas; Sheikh, Shanoo
International Journal of Supply Chain Management Vol 8, No 6 (2019): International Journal of Supply Chain Management (IJSCM)
Publisher : International Journal of Supply Chain Management

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Abstract

This study is an attempt to estimate consumer surplus for alternative air quality improvement in Klang Valley, Malaysia, using a double-bounded dichotomous choice contingent valuation method (CVM) and choice experiment (CE). The number of sick days, air pollution index, medical expenditure, outdoor activities, ethnic, city, age, and respiratory symptoms were found to be significant variables that affect the willingness to pay (WTP) of the respondents. Respondents’ WTP is an average MYR 2.13 in CVM and the mean WTP for the new air quality management program derived from CE is MYR1.99 per liter. The consumer surplus derived from CVM and CE is 0.23 and 0.09 respectively. Results show that although the consumer surplus derived from CVM is slightly higher than that from CE but they are not significantly different. The results suggest that both double-bounded CVM and CE can be successfully implemented for environmental valuation in Klang Valley.
A Framework for Climate Change Risk Management Practice and Performance of Financial Institutions in Saudi Arabia Sarabdeen, Masahina
Journal of Accounting Research, Organization and Economics Vol 5, No 2 (2022): JAROE Vol. 5 No. 2 August 2022
Publisher : Universitas Syiah Kuala

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jaroe.v5i2.28094

Abstract

Objective Increasing intensity and severity of extreme weather events are threatening economic resilience and longer-term prosperity. Therefore, a framework for effective climate change risk management is required to manage the climatic challenges and preserve the long-term presence of financial institutions. The purpose of this paper is to design a conceptual framework for determining the level of climate change risk management (CCRM) practice, and understanding of CCRM. It also aims to identify CCRM valuation and analysis, and CCRM monitoring and regulating in financial institutions, particularly in Saudi Arabias finance organizations. It further aims to investigate the relationship between CCRM practice and financial performance.Design/methodology The paper reviews and synthesises the relevant literature on climate change risks and management, and financial institutions. A conceptual framework for managing climate change risks is then developed and proposed in the paper.Results Using this conceptual paper as a starting point for empirical research, we will examine CCRM practices among financial institutions. It is hoped to fill a knowledge and method gap.Research limitations/implications The knowledge obtained from this study hopes to support the supervision of CCRM among the financial institutions and internal control system to meet the requirements of The Intergovernmental Panel on Climate Change to manage climate change risk in Saudi Arabia.Novelty/originality In this study, the originality lies in the fact that previous studies have only examined financial practices among financial institutions. Studies on climate change risk management practice have not yet been carried out.