Lessons Learnt on Green Finance in Zimbabwe

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F25%3A43910425" target="_blank" >RIV/60076658:12510/25:43910425 - isvavai.cz</a>

Result on the web

<a href="https://naos-be.zcu.cz/server/api/core/bitstreams/c35adba0-b143-49e2-8e93-145dc2746775/content" target="_blank" >https://naos-be.zcu.cz/server/api/core/bitstreams/c35adba0-b143-49e2-8e93-145dc2746775/content</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.24132/ZCU.XB-CON.2025.88-107" target="_blank" >10.24132/ZCU.XB-CON.2025.88-107</a>

Result language

angličtina

Original language name

Lessons Learnt on Green Finance in Zimbabwe

Original language description

This study examines the critical paradox of green finance adoption in emerging markets through a comprehensive survey of 312 Micro, Small, and Medium Enterprises (MSMEs) in Zimbabwe. The study reveals a significant divide between knowledge, intentions, and action, while 42.9% of MSMEs demonstrate high green finance literacy and an overwhelming 81.4% express strong future interest in green financing, only 11.9% have applied, creating a dramatic 69.5-percentage-point intention-action gap. Using a mixed-methods approach incorporating descriptive statistics, chi-square tests, and multivariate regression analysis, the study identifies structured training as the single most powerful predictor of application behavior (p &lt; 0.001), with trained MSMEs achieving 87.7% high knowledge rates compared to only 27.5% among non-trained entrepreneurs. Counterintuitively, neither general knowledge levels nor perceived barrier scores show significant direct relationships with adoption decisions, suggesting that conventional financial literacy models inadequately explain green finance behavior in resource constrained economies. The findings challenge existing theoretical frameworks and underscore the need for behavioral economics perspectives that account for psychological barriers, procedural complexities, and contextual constraints that are unique to developing economies. The study offers evidence-based policy recommendations for bridging this adoption gap through expanded practical training programs, simplified application mechanisms, and targeted financial products designed to convert substantial market interest into tangible green finance uptake, thereby advancing both sustainable development goals and climate resilience in developing economies.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50204 - Business and management

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2025

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Opportunities and Threats to Current Business Management in Cross-border Comparison 2025

ISBN

978-80-261-1342-3

ISSN

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e-ISSN

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Number of pages

20

Pages from-to

88-107

Publisher name

University of West Bohemia in Pilsen

Place of publication

University of West Bohemia in Pilsen

Event location

Společenský dům, Národní 1/12, Františkovy Lázně

Event date

Nov 13, 2025

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

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