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Article
Publication date: 14 October 2019

Amirul Afif Muhamat and Ronald McIver

As custodians of takaful contributors’ tabarru’ (donation) funds, takaful operators are expected to fulfil a stewardship role propagated under the precepts of Islam. The purpose…

Abstract

Purpose

As custodians of takaful contributors’ tabarru’ (donation) funds, takaful operators are expected to fulfil a stewardship role propagated under the precepts of Islam. The purpose of this paper is to analyse takaful operators’ stewardship, focusing on investment practices.

Design/methodology/approach

Structured interviews were conducted with senior investment staff from all of Malaysia’s takaful operators. Questions, developed using Delphi-style techniques, allowed a five-point Likert scale response addressing specific issues revolving around seven dimensions of governance quality – using the Malaysian Rating Corporation’s (MARC’s) governance rating guidelines for Islamic financial institutions (IFIs). Interviewees’ responses were assigned composite scores.

Findings

Malaysia’s takaful operators score well on most prescribed governance quality dimensions, although performance varies between operators and across dimensions. Areas for improvement are identified, especially regarding disclosure of information and contributor involvement in takaful operators’ management.

Research limitations/implications

Predetermined questions restrict flexibility in obtaining takaful operators’ information; however, end-of-interview, open-ended questions were asked to tap interviewee opinions on pertinent issues. A focus on takaful operators’ governance quality and stewardship of investments means findings may not be representative of all operational aspects of their businesses.

Practical implications

This study identifies governance quality guidelines which takaful operators may benchmark against and identifies where best to focus attempts to improve performance. These guidelines will also assist regulators assessing takaful operators’ stewardship performance.

Originality/value

This study uses governance quality as an indicator of stewardship, a concept aligned with the precepts of Shariah. It covers the opinion of the takaful industry in a country with a comprehensive Islamic financial system, Malaysia, extending understanding of takaful operators’ governance quality.

Details

Journal of Islamic Accounting and Business Research, vol. 10 no. 5
Type: Research Article
ISSN: 1759-0817

Keywords

Article
Publication date: 18 May 2022

Shidi Dong, Lei Xu and Ron P. McIver

Based on institutional theory, this paper aims to examine whether, and if so which, institutional forces influence the quality of China’s listed financial institutions’ (FIs…

1191

Abstract

Purpose

Based on institutional theory, this paper aims to examine whether, and if so which, institutional forces influence the quality of China’s listed financial institutions’ (FIs) sustainability disclosures.

Design/methodology/approach

Using univariate statistical and multiple regression analyses, this study quantitatively examines the impacts of coercive pressure from the government and stock exchanges, imitation within subsectors and normative pressure from industry associations and regulators on the quality of China’s listed FIs’ sustainability disclosures. Assessment of the robustness of regression results uses panel random-effects and generalized methods of moments estimation.

Findings

Financial sector corporate social responsibility (CSR) disclosure quality did not increase dramatically following issue of the “Guiding Opinions on Establishing a Green Finance System.” However, a convergence in quality is found over time. State ownership concentration and state links to dominant shareholders negatively impact the quality of financial sector sustainability disclosures, whereas stock exchange index listing requirements and industry association reporting guidance have positive influences.

Research limitations/implications

First, data availability limits the sample to listed financial firms with RKS quality scores. Thus, results may not be generalizable to the broader listed and unlisted financial sector. Second, this study only examines the influence of external forces based on institutional theory. However, internal institutional forces, such as corporate governance, may require examination. This study’s results indicate that coercive pressure, as represented by issue of the “Green Finance” policy, has not yet prompted the financial sector to improve reporting quality; however, normative pressure has had significant influence in influencing FIs’ CSR practices, with China’s banks potentially taking a leading role.

Originality/value

The financial sector has a lower direct environmental impact than traditional polluting industries and different operating and reporting structures, features often used to argue for its exclusion in prior studies. However, its indirect environmental impact via lending and investing activities is significant, suggesting evidence on the determinants of sustainability disclosure quality is required. This study uses evidence from China’s financial sector to reduce this gap in the literature.

Details

Meditari Accountancy Research, vol. 31 no. 5
Type: Research Article
ISSN: 2049-372X

Keywords

Article
Publication date: 6 October 2020

Shidi Dong, Lei Xu and Ron McIver

This paper aims to provide a longitudinal analysis of influences on China’s financial sector’s sustainability reporting practices, examines “green finance” disclosures and…

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Abstract

Purpose

This paper aims to provide a longitudinal analysis of influences on China’s financial sector’s sustainability reporting practices, examines “green finance” disclosures and undertakes subsector comparisons. The state’s impact on the quantity and quality of reporting practices is analyzed.

Design/methodology/approach

Content analysis is used to examine the volumes, frequency and content of sustainability disclosures by China’s financial institutions. Survival analysis is used to identify factors significant in firms’ initiation of these disclosures. In total, 308 firm-year observations on disclosures are examined for 2007–2016.

Findings

China’s financial sector’s sustainability reporting pieces of evidence an “emerging stage” (2007–2009), “developing stage” (2010) and “greening stage” (2011–2016). The roles of institutional theory and regulatory pressure in explaining Chinese financial firms’ reporting behaviours are supported.

Research limitations/implications

This study has several limitations. Firstly, given data restrictions, use of a relatively small sample size. Secondly, it examines different categories of disclosures made by financial firms, not more detailed content. Thirdly, is the potential overlap in disclosure themes under the classification scheme.

Practical implications

China’s financial sector’s adoption of sustainability reporting has been institutionalized, mainly in its banking subsector, consistent with general regulatory pressures.

Social implications

“Greening the finance system” is examined in China’s context, as the country transforms from a resource and pollution-intensive to a green economy.

Originality/value

The financial sector is normally excluded from in-depth qualitative research. This study examines China’s financial sector’s responses to recent governmental pressures on green finance disclosures.

Details

Sustainability Accounting, Management and Policy Journal, vol. 12 no. 2
Type: Research Article
ISSN: 2040-8021

Keywords

Article
Publication date: 1 February 1987

Peter D. Griffiths and Elizabeth A MacLachlan

Most of the literature of library consultancy has been written by practising consultants. It concentrates on what consultants require to do their job and their perceptions of the…

Abstract

Most of the literature of library consultancy has been written by practising consultants. It concentrates on what consultants require to do their job and their perceptions of the process. This paper describes from the Library staff's viewpoint the various steps in a particular automation consultancy study which took place in the Foreign and Commonwealth Office and the Overseas Development Administration libraries in the first half of 1986, and attempts to draw some general conclusions from them.

Details

Program, vol. 21 no. 2
Type: Research Article
ISSN: 0033-0337

Article
Publication date: 1 May 1970

UNTIL now the field of clerical work is one which has been cultivated only marginally by work study methods. When the Prices and Incomes Board examined pay agreements in that…

Abstract

UNTIL now the field of clerical work is one which has been cultivated only marginally by work study methods. When the Prices and Incomes Board examined pay agreements in that sector of British business it was constrained to comment that ‘the application of measurement techniques to clerical work still has a long way to go’.

Details

Work Study, vol. 19 no. 5
Type: Research Article
ISSN: 0043-8022

Article
Publication date: 4 December 2018

Alexander R. Knights

The achievement motivation construct has long presented a significant challenge to the study of presidential leadership. The purpose of this paper is to overcome the limitations…

Abstract

Purpose

The achievement motivation construct has long presented a significant challenge to the study of presidential leadership. The purpose of this paper is to overcome the limitations of prior research by proposing that whether achievement motivation is related to effectiveness in the US presidency may not be a matter of if but how achievement motivation is manifested.

Design/methodology/approach

Drawing on the channeling hypothesis, it was proposed that presidents’ trait behaviors should be accounted for as they directly impact the way that presidents express achievement motivation. To test this thesis, this study relied on data generated from diverse sources that provide both direct and indirect information about US presidents’ personalities and effectiveness, including content analyses of inaugural addresses and presidential biographies and surveys completed by presidential biographers and scholars.

Findings

Results show that among achievement motivated presidents, display of motive-congruent, conscientious behaviors contributes to their effectiveness, whereas display of motive-incongruent, agreeable behaviors tends to detract from it.

Research limitations/implications

The small sample size of US presidents and the limited amount of archival data available for some of these subjects prevented more fine-grained analyses. Thus, further research among senior leaders is needed to not only confirm the explanatory mechanism offered herein, but also explore the possibility that there are optimal levels beyond which the personality traits under study may cease to be a help or hindrance to achievement motivated chief executives.

Originality/value

This study represents the first effort to formally integrate motives and traits in the study of chief executives. The findings of this research also substantiate the need for researchers to consider the complex nature of motives in predicting important outcomes across different contexts.

Details

International Journal of Public Leadership, vol. 15 no. 1
Type: Research Article
ISSN: 2056-4929

Keywords

Article
Publication date: 1 June 2001

Sarah Maxwell

In this study, the homogeneity versus heterogeneity of global consumption is tested in a cross‐cultural price/brand effect model. Middle‐class consumers in two countries are…

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Abstract

In this study, the homogeneity versus heterogeneity of global consumption is tested in a cross‐cultural price/brand effect model. Middle‐class consumers in two countries are compared: the USA, an established consumer society, and India, a recently developing consumer society. Focus groups demonstrate the tremendous importance of brands in India, but survey data suggest that, compared to Americans, Indians actually have a lower perception of brand quality. They need to be convinced of standardized quality. Indians are, in addition, more positive than Americans about economizing. This implies that they feel guilty about consumption. These differences between Americans and Indians influence how price and brand affect their different purchase decisions: the Indian is a much tougher consumer to whom to sell. The results suggest that consumption, while it is becoming global, is still heterogeneous. It is being interpreted and implemented differently in different cultures.

Details

International Marketing Review, vol. 18 no. 3
Type: Research Article
ISSN: 0265-1335

Keywords

Article
Publication date: 8 October 2019

Harish Kumar Singla and Amit Hiray

The purpose of this paper is to find the effect of the hedonism value on the investment preference in India.

Abstract

Purpose

The purpose of this paper is to find the effect of the hedonism value on the investment preference in India.

Design/methodology/approach

Based on the literature review, a measurement model is developed to measure hedonism. Further, the effect of hedonism on investment choices of an individual and the impact of age, gender and income level on investment choices and on hedonism are also measured through a structural equation model (SEM).

Findings

The study finds that the measurement model is reliable, and all five items, that is an exciting life, happiness, pleasure, social recognition and a comfortable life, are an appropriate measure of hedonism. The study finds that hedonists prefer to invest in stock market-related instruments and real estate. The study also ascertains that age and income affect the hedonism value negatively. The findings also indicate that women prefer to invest in fixed income instruments and men prefer to invest in stock market-related instruments. As people grow in age, they prefer to invest in fixed-income instruments and gold as a hedge, thus avoiding risky investments.

Research limitations/implications

The study does not include education and financial literacy of individuals in the model, rather controls these factors by selecting a sample where the minimum educational qualification of the respondent is graduation.

Practical implications

It is assumed that the values that drive an individual have the potential to influence his/her investment choices. Therefore, the study advises the firms offering investment services to their clients to ensure that apart from studying the demographic and risk profile of individuals, they also assess their value system. This can help them target their customers more precisely and serve them better.

Originality/value

The study is perhaps the first attempt to find the effect of personal values (specifically hedonism) on investment choices made by individuals, through the development of an SEM.

Details

Managerial Finance, vol. 45 no. 12
Type: Research Article
ISSN: 0307-4358

Keywords

Article
Publication date: 1 February 1995

Madhu Agrawal

International advertisers up to now continue to be confronted withthe question of whether to standardize or adapt their commercialmessages. This debate over the standardization…

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Abstract

International advertisers up to now continue to be confronted with the question of whether to standardize or adapt their commercial messages. This debate over the standardization versus adaptation issue has involved both advertising practitioners and academicians interested in transnational advertising issues for at least the past four decades. There are three schools of thought regarding international advertising: standardization, adaptation, and the contingency perspective. Aims to review and contrast the perspectives of practitioners (ad agencies as well as clients) and academicians to this problem over the past 40 years. Observes interesting differences over this time frame, both within each of the two groups and between them. Finds practitioners to have alternated between the adaptation and standardization approaches over the four decades with a trend towards standardization, while academicians have mostly advocated the adaptation approach over the 40 years examined.

Details

International Marketing Review, vol. 12 no. 1
Type: Research Article
ISSN: 0265-1335

Keywords

Article
Publication date: 3 May 2022

Changyu Wang, Yihong Dong, Zixi Ye and Jiaojiao Feng

Little is known about when younger employees’ intergenerational knowledge transfer (IGKT) – behaviors of acquiring knowledge from older employees – improves their innovative work…

Abstract

Purpose

Little is known about when younger employees’ intergenerational knowledge transfer (IGKT) – behaviors of acquiring knowledge from older employees – improves their innovative work behaviors (IWB), especially in hospitals. Taking into consideration the moderating roles of individual absorptive capacity (AC) and organization size, this study aims to develop a theoretical model to account for the associations of both online and offline IGKT with younger employees’ IWB.

Design/methodology/approach

The model was tested with a survey of 202 Chinese younger doctors (40 years old and below). Partial least squares structural equation modeling (PLS-SEM) was used to analyze the data.

Findings

The results showed that both online IGKT and offline IGKT have significant positive relationships with younger doctors’ IWB. Individual AC can strengthen the relationship between offline IGKT and IWB, and organization size can weaken the relationship. However, both individual AC and organization size do not significantly moderate the relationship between online IGKT and IWB.

Originality/value

The findings extend the understanding and application of individual-level knowledge-based view and media synchronicity theory by exploring the relationship of knowledge acquisition from older doctors through both online and offline communication channels with younger doctors’ IWB.

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