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This study looked into the scope of integrating the aspirations of zakah and corporate social responsibility (CSR) to counter poverty, inequity, illiteracy, malnutrition and environmental pollution to ensure peace, happiness, prosperity and sustainability as envisaged in sustainable development goals (SDGs).

This is a qualitative research study conducted using both primary and secondary data. Primary data were collected from 29 business enterprises in Bangladesh employing a semi-structured interview protocol. The secondary data were collected through content analysis of annual reports, websites and CSR publications of sample organizations. Finally, collected qualitative data have been analyzed thematically following the due procedures to address the research questions.

The findings reveal that integration of the aspirations of zakah and CSR is a convenient and wholehearted approach for entrepreneurs resulting in pursuing SDGs. In addition, business entrepreneurs in Bangladesh consider such practices as killing two birds with one stone because this approach warrants performing both religious and social obligations simultaneously. Interestingly, the study explores that shariah compliance acts as a guiding force for selecting well-being-oriented projects in zakah-funded CSR resulting in pursuing the priority goals – No Poverty (1), Zero Hunger (2) – of SDGs, thereby addressing some of the most critical issues of emerging economies such as Bangladesh.

The findings of this research can be used as a guide to incorporate the spirit and principle of zakah into the CSR programs aimed at pursuing SDGs mainly in Muslim countries representing one-fourth of the world population.

Integration of the aspirations of zakah and CSR is an innovative move and net addition to the literature on sustainability, CSR and zakah because Muslim business entrepreneurs will now conveniently be able to use the entrepreneurs' zakah money – readily available in each financial year – to fund the entrepreneurs' various CSR projects (within shariah framework) relating to poverty alleviation, humanitarian and disaster relief, health and sanitation and environmental conservation which will eventually contribute to pursuing various SDGs.

This study aims to offer an up-to-date estimate of capital flight from selected emerging Asian economies and examine the anti-growth phenomenon of capital flight by using annual data for the period 1981–2019.

The study relies on residual methods to derive the estimate of capital flight with necessary adjustments. It then applies the autoregressive distributed lag Bounds testing approach in examining the impact of capital flight on the economic growth of Asian emerging economies.

The study identifies capital flight as the attributor to the slower economic growth of the selected emerging economies of Asia.

Apart from appropriate policies addressing the issues causing capital flight, unleashing the way of private sector-led growth of the emerging countries with necessary policy, infrastructural, institutional and regulatory support can rather help them retain and repatriate domestic capital.

The capital flight estimates in earlier studies are antithetical as they differ in terms of definition and estimation procedure. Again, the growth effect of capital flight in these economies has received meager attention in research and policy debates. Furthermore, being country-specific or region-specific, existing studies are unable to compare the growth effect of capital flight for different emerging economies in this region. Examining the growth effects for a large number of countries separately based on a common estimate of capital flight can resolve these issues that this study aims to do.

This research explores the spillovers and portfolio implications for green bonds and environmental, social and governance (ESG) assets in the context of the rapidly expanding trend in green finance investments and the need for a green recovery in the post-COVID-19 era.

This study utilizes Diebold and Yilmaz’s (2014) spillover method and portfolio strategies (hedge ratio, optimal weights and hedging effectiveness) for the data starting from February 29, 2012, to March 14, 2022.

The study’s findings reveal that the lower volatility spillover is evidenced between the green bonds and ESG stocks during tranquil and turbulent periods (e.g. COVID-19 and Russia-Ukraine War). Furthermore, hedging costs are lower both in normal times and during economic slumps. Investing the bulk of the funds in green bonds makes it possible to achieve maximum hedging effectiveness between the S&P green bond (GB) and the S&P 500 ESG.

Both investors and policymakers may use these findings to make wise investment and policy choices to achieve post-COVID environmental sustainability.

Unlike previous research, this is the first to explore the interconnectedness among the major global and country-specific green bonds and ESG assets. The major findings of this study about the lower volatility spillovers and hedging costs between green bonds and ESG assets during the tranquil and turbulent periods may contribute to the post-COVID investment portfolio for environmental sustainability.

The study attempts to establish the relationship between demographic dividend and GDP growth rate by utilising panel data from 1990 to 2017 in Bangladesh, India, Pakistan, Nepal and Sri Lanka.

This study employs the pooled OLS model, using data from the World Bank's database for the period 1990–2017 for five selected South Asia Association for Regional Cooperation (SAARC) countries.

The results reveal that demographic dividend affects economic growth in Bangladesh, India, Nepal, Sri Lanka and Pakistan, thereby supporting the demographic dividend hypothesis. For the country-specific analysis, it was also observed that demographic dividend impacts the economic growth of the five SAARC countries. In addition, growth of gross capital formation is highly significant for both aggregated and country-specific analyses. However, economic growth is unaffected by trade openness and unemployment rates. Moreover, the rate of labour force participation is negatively related to the GDP growth rate in the aggregated model.

This paper bestows insight into the fact that the impact of demographic dividend on the economic growth of the SAARC regions cannot be fully actualised if the workforce are underutilised. This region needs to adopt appropriate policies to strengthen the considerable benefits of demographic dividend on the economic growth.

Performance assessment of microfinance institutions (MFIs) has long been a question of considerable research interest. The dual goals – financial performance and social performance of MFIs widely studied yet remain unsolved in the existing literature. To assess the knowledge structure of research in this area and to aid future research, we review the literature with bibliometric analysis.

Our study has used bibliographic data of 1,252 scientific documents indexed in the Scopus database from 1995 to 2020 (June 05). We have used the “bibliometrix” package in R language to analyze the data and illustrate the findings.

We find that there has been an increasing trend in publications, especially from 2006 onwards. Various bibliometric indicators allow us to follow the progression of knowledge along with identifying the most contributing and impactful authors, publication sources, institutions and countries. We illustrate the major research themes and identify that “poverty alleviations”, “group lending” and “credit scoring” are the major emerging and specialized themes besides the basic research evolved around “microfinance” or “microcredit”. Our further analysis of thematic evolution over different time frames reveals that “financial performance” aspect is getting more attention in recent times in evaluating the performance of MFIs.

The insights of knowledge accumulated from our bibliometric review and thematic analysis provide researchers with an efficient comprehension of the advancement of the research on microfinance performance and offer avenues for future scientific endeavors.

The study aims to discover the spatial relationship between financial development, energy consumption and economic growth in 11 ASIA countries, using panel data from 1980 to 2016.

The study applies three popular spatial models, namely, (1) spatial error model (SEM), (2) spatial autoregressive model (SAR) and (3) spatial Durbin model (SDM), to explore the direct and spillover effect of financial development and energy consumption on economic growth. Furthermore, a novel test proposed by Juodis et al. (2020) is employed to check the Granger non-causality between each pair of variables.

The empirical outcomes found direct and spillover effects of financial development and energy consumption on economic growth in 11 ASIA countries. Accordingly, an expansion of the financial development in country i is beneficial for the growth of the host country and neighboring countries, and vice versa. However, an increase in energy consumption in country i leads to a decrease in the economic growth of neighboring countries. The test of Granger non-causality indicated a bidirectional causality between financial development and economic growth, and unidirectional causality running from economic growth to energy consumption.

Spillover effects of financial development and energy consumption on growth have largely been ignored in previous studies, especially in emerging countries. Thus, the study enriches the literature and provides some policy implications for ASIA countries.

Spillover effects of financial development and energy consumption on growth have largely been ignored in previous studies, especially in emerging countries. Thus, the study enriches the literature and provides some policy implications for ASIA countries.

Spillover effects of financial development and energy consumption on growth have largely been ignored in previous studies, especially in emerging countries. Thus, the study enriches the literature and provides some policy implications for ASIA countries.

The purpose of this paper is to identify what lifestyles best explain and impact ecological behavior among young Indian consumers.

This paper adapts the lifestyle scale developed by He et al. (2010) and the Actual Commitment scale to the Indian context to describe its impact on the young consumer’s ecological profile. The study is based on an extensive literature review. The data were obtained from a questionnaire handed out to a sample of 250 students. With the information obtained, and after the scale validation process, a structural equation analysis has been conducted.

Findings of the study highlight that environmental patterns and lifestyle factors are those that best characterize the ecological market segment. This group of young consumers is characterized by their self-identity and a feeling of uniqueness. They are people who always try to improve themselves and take actions which pose a new challenge for them. They are also characterized by having an ecological lifestyle, selecting and recycling products and taking part in events to protect the environment. This type of consumer is a present and future investment for firms that are committed to the environment.

The results of this study might interest consumer behavior researchers and those firms that care about the ecological consumers. Moreover, previous studies have not dealt with young consumers. Further research is needed including new psychographic variables.

The purpose of this paper is to inquire into the history of government accounting, using a well-grounded periodisation, in order to provide a chronology of government accounting development (GAD) in Indonesia from 1845 to 2015 focusing on development on accounting regulations and systems and practices in local government in Indonesia.

It collects archival data and then uses a descriptive tradition of research to capture mainly regulatory changes affecting GAD from colonial to post-colonial period.

The paper reports major regulatory changes, evolution in local government accounting practice, development of government accounting standards (GASt) and converging GASs with international standards.

This study is important to accounting historians and other academics because it provides a detailed chronicle of accounting regulatory changes in Indonesia which can be used for future research. The limitation(s) of this study is that is data collection which was not easily accessible and as results have to rely on various sources.

The study has an important practical implication. It has produced a time series register of regulatory changes affecting GAD in Indonesia. It can be used as a reference document in the National Library of Indonesia and also by academics for future research.

A times series register, for the first time, is produced which provides a comprehensive chronology of accounting development in Indonesia.

The purpose of this paper is to present a comprehensive analysis of the current status and development of the digital journalism field from 1987 to 2021 using the Dimensions database.

Using the Dimensions.ai database, 1734 articles were identified through search strategies which were published from 1987 to 2021. The downloaded results were analysed using specific parameters with the help of bibliometric and science mapping tools: Biblioshiny, VOSviewer and CiteSpace. The key contributions of the present comprehensive bibliometric study of the digital journalism field can be seen in terms of the following aspects: (1) Publication analysis from the perspectives of publication growth, key journals, contributing authors, institutions and countries done through Biblioshiny package. (2) Citation network analysis from the perspective of co-citation structure of papers, authors, countries and institutions done through VOSviewer. (3) Timeline analysis and keywords burst detection to identify hotspots and research trends in digital journalism with the help of CiteSpace.

The first paper with the keyword digital journalism was published in the year 1989. From 2011 onwards, there has been growth in digital journalism literature. The most popular journal in digital journalism studies is Digital Journalism, Journalism, Journalism Practice, Journalism Studies. Lewis, S.C. has contributed the most number of papers in digital journalism. Further, authors from the countries the USA, Spain, Brazil and UK have contributed immensely. The citation network of authors, institutions and countries contributing to digital journalism studies has also been explored in the study. Through burst analysis, hot topics in digital journalism were identified.

The paper provides a complete overview of the growth of digital journalism literature published from 1987 to 2021. The originality of this work lies in the triangulation of Biblioshiny, VOSviewer and CiteSpace software to present various aspects of bibliometric study. Findings of the study can help the researchers to identify areas as well as journals, authors, institutions working actively in the field of digital journalism.

Despite being a Muslim-dominated country, Bangladesh has widely embraced traditional microfinance since its inception in the mid-1970s. However, Islamic microfinance, which has a lot to offer to the poor, is still in its infancy and has yet to gain momentum in the country. Therefore, the purpose of this study is to analyze the importance of Islamic microfinance and propose alternative Shariah-compliant microfinance models in Bangladesh.

This study is based on the desk research method, which relies on existing literature to collect secondary data on key concerns of traditional microfinance programs. In addition, institutional-level secondary data were also collected from the Microcredit Regulatory Authority (MRA) of Bangladesh. Guided by the Maqasid-al-Shariah, this study then proposes several Islamic microfinance models to overcome selected challenges faced by the microfinance industry in Bangladesh.

This study suggested three composite Shariah-compliant microfinance models, which are likely to help the underprivileged and thus ensure the achievement of the sustainable development goals in Bangladesh. The first model explained how the operational strategy of incumbent microfinance institutions (MFIs) could be restructured, while the second proposed the organizational strategies for establishing a new MFI. The third model used the notion of Sadaqah (charity) to address the multiple borrowing issues of the industry. Meanwhile, the successful transformation of the conventional microfinance industry to an Islamic one is dependent on the effective collaboration between the regulatory authorities, practitioners and MFIs.

Albeit the paucity of literature on the topic, the findings of this study will guide policymakers/practitioners in designing relevant microfinance models to help transform conventional microfinance into Islamic microfinance in Bangladesh.