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1 – 4 of 4Adi Saifurrahman and Salina Hj Kassim
The primary objective of this study aims to intensively explore the environment of Indonesian regulations and laws related to the Islamic banking system and micro-, small- and…
Abstract
Purpose
The primary objective of this study aims to intensively explore the environment of Indonesian regulations and laws related to the Islamic banking system and micro-, small- and medium-sized enterprises (MSME) and unveil the restrictive laws and regulatory flaws that potentially hinder the Islamic banking institution and MSME industry in achieving financial inclusion and promoting sustainable growth.
Design/methodology/approach
This paper implements a qualitative method by implementing a multi-case study research strategy, both from the Islamic banking institutions and the MSME industries. The data were gathered primarily through an interview approach by adopting purposive uncontrolled quota sampling.
Findings
The findings of this paper reveal two essential issues: First, the regulatory imbalances and restrictions could demotivate and hinder the efforts of Islamic banks in providing access to finance for the MSME segment, hence, encumbering the achievement of the financial inclusion agenda from the Islamic banking industry. Second, the flaws in MSME registration and taxation might discourage the formal MSMEs from extending their business license and prevent the informal MSME units from registering their business. This issue would potentially lower their chance of accessing external financing from the formal financial institutions and participating in supportive government programmes due to the absence of proper legality.
Research limitations/implications
Since this paper only observed six Islamic banks and 22 MSME units in urban and rural locations in Indonesia using a case study approach, the empirical findings and case discussions were limited to those respective Islamic banks and MSME participants.
Practical implications
By referring to the recommendations as presented in this paper, two critical policy implications could be expected from adopting the proposed recommendations, among others: By addressing the issues of the regulatory imbalance associated with the Islamic banking industry and introduce the deregulatory policies on profit and loss sharing (PLS) scheme implementation, this approach will motivate the Islamic banking industry in serving the MSME sector better and provide greater access to financial services, particularly in using the PLS financing schemes. By resolving the problems on MSME registration and taxation, this strategy will enhance the sustainability of the formal MSMEs’ operation and encourage the informal ones to register, hence, improving their inclusion into the formal financing services and government assistance programmes.
Originality/value
The present study attempts to address the literature shortcomings and helps to fill the gaps – both theoretical and empirical – by incorporating the multi-case study among Indonesian Islamic banks and MSMEs to extensively explore the Indonesia regulatory environment pertaining to the Islamic banking system (supply-side) and MSMEs (demand-side), and thoroughly investigates and reveals the restrictive laws and regulatory flaws that could potentially hinder the Islamic banking institutions and MSME industries in attaining financial inclusion and contributing to sustainable development.
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Jianguo Li, Yuwen Gong and Hong Li
This study aims to investigate the structural characteristics, spatial evolution paths and internal driving mechanisms of the knowledge transfer (KT) network in China’s…
Abstract
Purpose
This study aims to investigate the structural characteristics, spatial evolution paths and internal driving mechanisms of the knowledge transfer (KT) network in China’s patent-intensive industries (PIIs). The authors' goal is to provide valuable insights to inform policy-making that fosters the development of relevant industries. The authors also aim to offer a fresh perspective for future spatiotemporal studies on industrial KT and innovation networks.
Design/methodology/approach
In this study, the authors analyze the patent transfer (PT) data of listed companies in China’s information and communication technology (ICT) industry, spanning from 2010 to 2021. The authors use social network analysis and the quadratic assignment procedure (QAP) method to explore the problem of China’s PIIs KT from the perspectives of technical characteristics evolution, network and spatial evolution and internal driving mechanisms.
Findings
The results indicate that the knowledge fields involved in the PT of China’s ICT industry primarily focus on digital information transmission technology. From 2010 to 2021, the scale of the ICT industry’s KT network expanded rapidly. However, the polarization of industrial knowledge distribution is becoming more serious. QAP regression analysis shows that economic proximity and geographical proximity do not affect KT activities. The similarity of knowledge application capacity, innovation capacity and technology demand categories in various regions has a certain degree of impact on KT in the ICT industry.
Originality/value
The current research on PIIs mainly focuses on measuring economic contributions and innovation efficiency, but less on KT in PIIs. This study explores KT in PIIs from the perspectives of technological characteristics, network and spatial evolution. The authors propose a theoretical framework to understand the internal driving mechanisms of industrial KT networks.
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Xudong Zhuang and Junshan Duan
The purpose of this study is to evaluate the impact of environmental uncertainty on corporate social responsibility (CSR), and involves corporate financial investment as mediating…
Abstract
Purpose
The purpose of this study is to evaluate the impact of environmental uncertainty on corporate social responsibility (CSR), and involves corporate financial investment as mediating factor into this relationship to identify whether Chinese enterprises pursue fame or profit under rising environmental uncertainty.
Design/methodology/approach
Data of listed companies in China from 2010 to 2019 are employed. Fixed effect and mediating effect models were used to explore the relationship between environmental uncertainty, corporate financial investment, and CSR. The heterogeneity influence and moderating effect are discussed by using the method of grouping test and adding interactive items.
Findings
The study finds that rising environmental uncertainty has a negative impact on CSR. It stimulates managements' short-sighted motivation, so that enterprises prioritize financial investment that can solve short-term goals, rather than CSR performance. This inhibitory effect is caused by holding illiquid financial assets with the motivation of “speculative profit seeking.” The negative effect is greater in the samples of state-owned enterprises, nonfamily enterprises and enterprises with low risk-taking.
Practical implications
It provides a decision-making direction for implementation of CSR governance and the construction of CSR system, particularly in emerging market economies.
Social implications
CSR is widely known in developed countries for its formation, development and role, but its effectiveness and behavioral motivation are less mentioned in emerging markets. In the future, the research in this area needs to be further advanced.
Originality/value
The study makes significant contributions to the mechanisms behind the link between environmental uncertainty and CSR by taking corporate financial investment as an intermediary factor into the analysis, especially in the unique market context of China.
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Sara Gusmao Brissi and Luciana Debs
This study focuses on identifying key principles for implementing strategic changes in design and construction companies interested in successfully using offsite construction…
Abstract
Purpose
This study focuses on identifying key principles for implementing strategic changes in design and construction companies interested in successfully using offsite construction (OSC) in multifamily housing projects, considering the need for more affordable and sustainable multifamily housing in the United States of America (USA).
Design/methodology/approach
Using mixed methods, the study involved three phases of data collection and data analysis: (1) delphi survey, (2) online survey, (3) proposition of principles and validation interviews.
Findings
The key principles identified by the present research are (1) develop product-oriented business model, (2) promote leadership and mindset engagement with OSC principles, (3) engage in partnerships and more innovative contractual models, (4) shift toward digital transformation, (5) develop training and knowledge management strategies, (6) adopt lean construction (LC) practices, (7) develop training and knowledge management strategies and (8) integrate logistics and supply chain management with AEC (architecture, engineering and construction) processes.
Practical implications
The implementation of the principles and strategic changes identified in this study aims to prepare design and construction companies, especially small and medium-sized enterprises (SMEs), to embrace the increasing use of OSC in multifamily projects in the USA, which will make them more efficient and resilient and, ultimately, will contribute to the construction of more affordable and sustainable multifamily housing projects in the USA.
Originality/value
This is the first research to address holistic strategies to support design and construction companies in adopting OSC.
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