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1 – 10 of 24Fraz Inam, Aneeq Inam, Muhammad Abbas Mian, Adnan Ahmed Sheikh and Hayat Muhammad Awan
Considering the economic dimension of sustainability, the purpose of this paper is to analyze the risk of bankruptcy in the Pakistani firms of the non-financial sector from years…
Abstract
Purpose
Considering the economic dimension of sustainability, the purpose of this paper is to analyze the risk of bankruptcy in the Pakistani firms of the non-financial sector from years 1995 to 2017.
Design/methodology/approach
Three techniques were used which include multivariate discriminant analysis (MDA), logit regression and multilayer perceptron artificial neural networks. The accounting data of firms were selected one year before the bankruptcy.
Findings
Findings were obtained by comparing and analyzing the methods which show that neural networks model outperforms in the prediction of bankruptcy. They further conclude that profitability and leverage indicators have the power of discrimination in bankruptcy prediction and the best variables to predict financial distress are also found and indicated.
Practical implications
Practically, this study may help the firms to better anticipate the risks of getting bankrupt by choosing the right method and to make effective decision making for organizational sustainability.
Originality/value
Three different techniques were used in this research to predict the bankruptcy of non-financial sector in Pakistan to make an effective prediction.
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This study aims to scrutinize and analyze the regional challenges facing Kuwait and their impact on Kuwait’s national security since the outbreak of Arab Spring revolutions in…
Abstract
Purpose
This study aims to scrutinize and analyze the regional challenges facing Kuwait and their impact on Kuwait’s national security since the outbreak of Arab Spring revolutions in 2011. These challenges are as follows: the Iranian threat, the Arab Spring revolutions and the recent Gulf crisis with Qatar.
Design/methodology/approach
The study adopts national interest approach, which focuses on a state’s economic, military and cultural objectives. According to this approach, a state seeks to achieve its own national interests. There are multiple national interests, but the ultimate goal is the survival and security of the state.
Findings
The study concludes that the Gulf countries, including Kuwait, are facing unprecedented challenges as a result of the dire consequences of the Arab Spring revolutions, the control of Houthi group on Yemen’s institutions and the repercussions of negotiations between 5 + 1 group (Russia, China, France, Britain, the USA + German) and Iran on the Iranian nuclear program. These developments are not in the interest of the Gulf countries in general and Kuwait in particular. The study recommends that Kuwait must adopt an external strategy based on achieving the regional balance with the countries of the region and dealing with different challenges according to its national interest.
Originality/value
The importance of the study stems from the fact that the Arab region witnessed many developments at the political, economic and social levels since the outbreak of the Arab Spring revolutions. These developments posed many threats to Arab countries such as the spread of terrorism, religious extremism, terrorist organizations and non-state actors. They also became a key determinant of foreign policy. Kuwait was affected by these developments. In addition, it faces threats affecting its national security such as the Iranian threat, the Arab Spring revolutions and the Gulf crisis with Qatar. The study addresses these threats and how Kuwait, as a small state, has dealt with such enormous ones.
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Swati Anindita Sarker, Shouyang Wang, K.M. Mehedi Adnan, Prithila Pooja, Kaynath Akhi and Khadija Akter
The purpose of this study is to see the energy relation to economic growth and find a way to solve the energy crisis for Bangladesh. Bangladesh is facing a high rate depletion of…
Abstract
Purpose
The purpose of this study is to see the energy relation to economic growth and find a way to solve the energy crisis for Bangladesh. Bangladesh is facing a high rate depletion of traditional energy sources. Renewable energy technology may be an alternative solution to meeting Bangladesh’s rising energy demand. Despite huge potential, Bangladesh fails to use renewable energy sources properly due to insufficient information and technical knowledge. The present research studied the current energy condition and potentiality of renewable energy with its influence on economic growth in Bangladesh.
Design/methodology/approach
This study analyzes the relationship between renewable energy consumption and economic growth of Bangladesh for the period of 2001–2016, based on yearly data, by using multiple regression model where augmented Dickey–Fuller unit root test has been chosen for testing the viability.
Findings
The result of this study showed that economic growth of Bangladesh is influenced positively by the consumption of renewable energy.
Practical implications
In addition, SWOT analysis has also done to develop a roadmap, and suggest some policies which will be able to accomplish the country’s climbing energy demands for a short- and long-term solution.
Originality/value
This study is an original work for Bangladesh, showing the results of the relationship between renewable energy consumption and economic growth. Therefore, this research will be useful to contribute to the literature review in the near future.
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Raghad Al-Alawneh, Mohammed Othman and Ahmed Adnan Zaid
This paper aims to investigate the direct relationship between green human resource management (GHRM) practices and environmental performance (EP) in Palestinian universities, as…
Abstract
Purpose
This paper aims to investigate the direct relationship between green human resource management (GHRM) practices and environmental performance (EP) in Palestinian universities, as well as the mediating role of management support (MS) and green organisational culture (GOC) in this relationship.
Design/methodology/approach
A quantitative approach was used in this study. The data were collected from 351 employees working in Palestinian universities through a questionnaire and analysed using partial least squares structural equation modelling.
Findings
The study finds that the implementation of GHRM practices positively enhances EP. The results further demonstrate that GHRM practices influence both MS and GOC. Furthermore, this study reveals that both MS and GOC play a significant role in mediating the relationship between GHRM and EP.
Practical implications
This study adds to the existing literature by providing a conceptual framework and empirical evidence of the correlation between GHRM, GOC, MS and EP, specifically in university settings. Educational institutions can use this study’s findings to foster a green culture and gain endorsement from top-level management. This approach promotes the adoption of eco-friendly practices and the development of environmental strategies that can influence EP.
Originality/value
This study contributes to the field by enhancing the understanding of the ability–motivation–opportunity theory in the context of Palestinian universities. Specifically, this study investigates how GHRM practices and GOC establish core competence for sustainable EP. Furthermore, the findings reveal a positive influence of GHRM practices on both GOC and MS. Finally, this study’s empirical evidence highlights the significance of GHRM practices in fostering GOC, MS and, ultimately, improving EP within universities.
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The purpose of this paper is to demonstrate that the recurrent amnesties to black money holders (BMHs) in Bangladesh have not benefited the national economy, rather have increased…
Abstract
Purpose
The purpose of this paper is to demonstrate that the recurrent amnesties to black money holders (BMHs) in Bangladesh have not benefited the national economy, rather have increased corruption and money laundering, and that offering further opportunity to whiten back money as recommended by the Anti-Corruption Commission of Bangladesh will do more harm than good.
Design/methodology/approach
This research relies on both primary and secondary materials adopting an archival analysis of the existing literature.
Findings
The major findings include the following: the recurrent amnesties to BMHs have damaging impacts on corruption and money laundering in Bangladesh; the Anti-Corruption Commission of Bangladesh’s recommendation to provide further opportunity to legalise black money is flawed, ill thought-out and misjudgement of the futility of the amnesties offered to date; and the black money problem could be better addressed through using educational, preventive and punitive measures that have been specifically formulated in this paper.
Research limitations/implications
This research does not examine the flaws that may remain in the provisions of existing laws; rather it gives emphasis to the enforcement of the law in place. Legal flaws thus can be a subject matter of another endeavour.
Practical implications
As implications, it is expected that this research will encourage the concerned authorities in Bangladesh to stop offering amnesties to BMHs for good. Also, other countries facing a similar problem can learn from the experience of Bangladesh presented, and specific recommendations submitted, in this paper, in dealing with black money, corruption and money laundering.
Social implications
It is expected that if the recommendations furnished in this paper are implemented, corruption in, and money laundering from, Bangladesh will reduce. This reduction will facilitate ensuring fairness in the society in many respects, deter criminal activities associated with black money and enable honest taxpayers to buy their homes in a level-playing filed.
Originality/value
This paper presents original research in terms of analysis of materials and the recommendations submitted to deal with corruption, black money and money laundering.
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Rose Abdullah and Abdul Ghafar Ismail
The purpose of this paper is to explore two main aspects of waqf: the characteristics of waqf property and the management of waqf. This paper also discusses the governance of waqf…
Abstract
Purpose
The purpose of this paper is to explore two main aspects of waqf: the characteristics of waqf property and the management of waqf. This paper also discusses the governance of waqf management as a source of funds for Islamic microfinance institutions (MFIs).
Design/methodology/approach
This research uses content analysis method to examine various literatures that discuss the concept and management of waqf.
Findings
The characteristics of cash waqf such as permanence, irrevocability and perpetuity differentiate waqf from other type of donations. Therefore, cash waqf-based Islamic microfinance needs to be sustainable. Good corporate governance is vital to ensure the sustainability. As the donors of cash waqf do not aim to make financial profit, waqf-based Islamic MFIs will be able to provide low-cost capital to the poor entrepreneurs. Furthermore, to ensure the perpetuity of the waqf, it is suggested that only revenue from the waqf property should be used for microfinance fund.
Social implications
The cash waqf-based Islamic microfinance will help the micro entrepreneurs to get low-cost capital without collateral. At the same time, public can donate any amount they afford to contribute to cash waqf.
Originality/value
The creation of a cash waqf-based Islamic MFI must observe the issues of agency conflicts and the right of stakeholders to a transparent management. This paper emphasizes the importance of good governance in managing the waqf property as a source of fund for Islamic MFIs.
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Mahdi Waleed Ziyadeh, Mohammed Othman and Ahmed Adnan Zaid
The paper aims to examine the association of green human resource management (GHRM) with organisational sustainability (OS) through the mediating function of corporate social…
Abstract
Purpose
The paper aims to examine the association of green human resource management (GHRM) with organisational sustainability (OS) through the mediating function of corporate social responsibility (CSR) and organisational citizenship behaviour for the environment (OCBE) in Palestinian health-care organisations.
Design/methodology/approach
The paper applied a quantitative method in which data are collected from a survey with 88 human resources and quality managers who work in Palestinian health-care organisations. Furthermore, the structural equation modelling method of partial least squares was used for the data analysis.
Findings
The results demonstrated that GHRM practices positively influenced CSR and OCBE, which eventually influenced OS. Notably, this study offers empirical insights into how to improve OS through CSR, OCBE and GHRM approaches.
Originality/value
This paper presents the implications for achieving the health care sector’s long-term sustainability by linking strategic environmental goals of human resources management practices with practices of social responsibility and organisational citizenship behaviour, which ensures employee participation in formulating policies and strategies for the organization.
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Redhwan Al-Dhamari, Bakr Al-Gamrh, Omar Al Farooque and Elaigwu Moses
This study empirically investigates the role of product market competition and mature-stage firm life cycle on the relation between corporate social responsibility (CSR) and…
Abstract
Purpose
This study empirically investigates the role of product market competition and mature-stage firm life cycle on the relation between corporate social responsibility (CSR) and market performance in an emerging market context – Malaysia.
Design/methodology/approach
The authors construct a comprehensive CSR index toward the economy, environment and society (EES) and apply both Ordinary Least Squares (OLS) and Two-Stage Least Squares (2SLS) instrumental variables (IV) approaches to test the hypotheses of the study.
Findings
The authors find that EES-based CSR generally enhances firms' market performance; however, the level of product market competition undermines the market performance of socially and economically responsible firms. In addition, the study results indicate that mature-stage firm life cycle with more involvement in CSR activities shows better market performance. However, the endogeneity check of CSR suggests that both CSR and mature-stage firms are mutually exclusive in influencing market performance. The study findings are robust to alternative measures and different identifications of high and low default risk situations of sample firms.
Practical implications
This study carries practical policy implications for the listed firms, regulators and stakeholders in general. For example, regulatory bodies may promote greater involvement in CSR activities by listed companies in the Malaysian stock market. Investors and other market participants should be aware of factors influencing socially responsible firms' market performance such as the corporate life cycle and the level of competition in product markets.
Originality/value
This research work responds to the call of regulatory bodies in Malaysia at a time when the Malaysian economy is under threat of environmental distraction practices by the palm oil industry and import ban by the largest export market, i.e. the European Union by 2030. The study also contributes to the theoretical literature by refining the moderating role of product market competition and mature-stage life cycle on the relationship between CSR and market performance from the perspectives of resource-based and stakeholder theories in emerging economy settings.
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