Megha Jaiwani and Santosh Gopalkrishnan
This study aims to transcend geographical boundaries and provide insights into innovative strategies used by Indian Asset Reconstruction Companies (ARCs) in managing distressed…
Abstract
Purpose
This study aims to transcend geographical boundaries and provide insights into innovative strategies used by Indian Asset Reconstruction Companies (ARCs) in managing distressed assets. The study examines the origins, evolution, challenges and opportunities faced by ARCs to derive lessons that can be universally applicable and serve as a valuable blueprint for global investors and institutions seeking effective strategies in managing distressed assets. From a legal and compliance angle, this opens up many perspectives that would help plug loopholes and grey zones within the legal ambit for organisations and institutions.
Design/methodology/approach
The study invokes a critical review of existing literature, news, discussions and publicly available information from reliable sources such as the central bank’s websites to develop the viewpoints and provide recommendations.
Findings
ARCs face challenges, recovering only 19.15% of distressed assets in 2022. Despite constraints like funding, governance issues and regulatory hurdles, there is a substantial opportunity for investors in the Rs. 9.6 lakh crore non-performing assets. The study suggests strategic assessments by banks, emphasises ARCs’ roles in specific sectors and calls for regulatory adjustments. With diverse investors and favourable regulations, this evolving landscape offers significant global opportunities for policymakers and investors in distressed assets.
Practical implications
This study serves as a valuable guide for shaping resilient policies, fostering cross-border collaborations and optimising distressed asset management strategies on a global scale.
Originality/value
This study breaks new ground by examining the private ARCs sector within an emerging economy’s dynamics, presenting insights relevant to global distressed markets. This study serves as a unique resource for those navigating the complexities of distressed markets globally, providing insights that can inform strategies, policies and academic discussions in the broader financial landscape.
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Rizal Bahara, Muhammad Nur Aidi, Khaswar Syamsu, Euis Sunarti, Anuraga Jayanegara and Marco Tieman
This study aims to explore the country’s contribution to research on halal food small- and medium-sized enterprises (SMEs) taken from the Scopus database for 10 years from 2013 to…
Abstract
Purpose
This study aims to explore the country’s contribution to research on halal food small- and medium-sized enterprises (SMEs) taken from the Scopus database for 10 years from 2013 to 2022 so that it can provide an overview of the effort that needs to be made by the government to improve research in this field.
Design/methodology/approach
The method used in this study was bibliometric analysis. The data comes from the Scopus database over the past 10 years (2013–2022). To create data visualization and network analysis using VOSviewer, Scimago Graphica, Bibliometrix and MS Excel.
Findings
Research on halal food SMEs has grown by almost 25%, with Malaysia leading with 447 publications. The UK is the leading country in publishing research articles with 44 journals. Malaysia has the most institutions (40 institutions for 25% globally). Malaysia has most research funding agencies (22 for 14% globally). Malaysia has the highest number of citations in halal food SMEs, with 3547 citations, followed by China and Indonesia. Malaysia has also the highest number of collaborating researchers and the most invitations. Future research focuses on sustainability, social issues, Internet of Things technologies, innovative technologies and strategies to increase productivity and competitiveness.
Originality/value
This research is a reference and overview of future research in halal food SMEs with the perspective of a country contribution angle. It provides input to the government on what needs to be done to develop research in the halal field in line with the goal of a country becoming the center of the global halal industry.
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Muhammad Zakiy, Claudius Budi Santoso, Reni Rosari and Heru Kurnianto Tjahjono
This paper aims to introduce the concept of Islamic locus of control (ILoC) and explores its influence on individual behavior within organizational contexts. It aims to integrate…
Abstract
Purpose
This paper aims to introduce the concept of Islamic locus of control (ILoC) and explores its influence on individual behavior within organizational contexts. It aims to integrate Islamic values into the traditional understanding of LoC and investigate how ILoC affects motivation, responsibility and resilience among Muslim individuals in the workplace.
Design/methodology/approach
Using a conceptual approach, this paper draws from Islamic sources such as the Qur’an and Hadith, as well as literature on psychology, human resource management and Islamic theology. It synthesizes relevant theories and concepts to develop a comprehensive understanding of ILoC and its significance in organizational settings.
Findings
ILoC encompasses key dimensions including ikhtiyar (effort), tawakkul (reliance on Allah) and qadr (Divine Decree), which shape individuals’ perceptions of control and action within organizations. Individuals with a high ILoC are expected to exhibit greater motivation, responsibility and resilience, while also maintaining acceptance of Allah’s decree.
Research limitations/implications
Future research should focus on developing valid measurement instruments for assessing ILoC and conducting empirical studies to test its impact on organizational outcomes.
Practical implications
Understanding and fostering a supportive environment for individuals with a high ILoC can enhance motivation, responsibility and overall productivity within Islamic organizations.
Social implications
Promoting an environment that respects and integrates religious beliefs can contribute to social cohesion and harmony within diverse organizational settings.
Originality/value
This paper contributes to the existing literature by introducing the novel concept of ILoC and offering insights into its implications for organizational behavior within Islamic contexts. It bridges the gap between psychology, human resource management and Islamic theology, providing a unique perspective on how religious beliefs influence individual behavior in the workplace.