Search results

1 – 10 of 20
Article
Publication date: 27 August 2024

Hafiz Samiullah Daud and Saqib Sharif

This study aims to highlight the issues encountered by Islamic Banking Institutions (IBIs) while financing the agriculture sector and explore the feasibility of Muzara’ah (crop…

Abstract

Purpose

This study aims to highlight the issues encountered by Islamic Banking Institutions (IBIs) while financing the agriculture sector and explore the feasibility of Muzara’ah (crop sharing contract on partnership basis) model based on the concept of revolving credit as an alternative to current models.

Design/methodology/approach

To validate the proposed model and gauge the feasibility of Muzara’ah contract, a qualitative research method is applied based on 10 in-depth interviews with qualified industry experts and practitioners. These interviewees are selected following the purposive sampling method, and they belong to Sharīʿah board members of banking institutions, banking industry professionals engaged in agriculture lending, financial regulators (i.e. central bank personnel) and the farming community. Thematic analysis was applied to analyze the data.

Findings

The findings of this study document that Muzara’ah can be a useful alternative/solution for the growth of agriculture sector portfolio of financial institutions. Muzara’ah is cost-effective than other Islamic products, including Salam (a kind of sale in which payment is made on the spot while the delivery of the goods is deferred), and carries the features of revolving credit as offered by conventional banks/counterparts.

Research limitations/implications

The main limitation of the study is that only 10 in-depth interviews are conducted.

Practical implications

The application of the Sharīʿah compliant Muzara’ah model based on the concept of revolving credit could help increase agricultural productivity and revenues and reduce poverty and food insecurity. The research will help IBIs to develop products on the concept of Muzara’ah for farmers and other sectors of the agriculture industry.

Originality/value

To the best of the authors’ knowledge, Muzara’ah contract is not offered by formal banking institutions in Pakistan. Hence, the findings contribute to the existing literature and facilitate the policymakers and practitioners in implementing this financial product for the growth of the agriculture sector.

Details

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

Keywords

Article
Publication date: 8 February 2024

Shakeel Sajjad, Rubaiyat Ahsan Bhuiyan, Rocky J. Dwyer, Adnan Bashir and Changyong Zhang

This study aims to examine the relationship between financial development (FD), financial risk, green finance and innovation related to carbon emissions in the G7 economies.

Abstract

Purpose

This study aims to examine the relationship between financial development (FD), financial risk, green finance and innovation related to carbon emissions in the G7 economies.

Design/methodology/approach

This quantitative study examines the roles that financial development [FD: Domestic credit to private sector by banks as percentage of gross domestic product (GDP)], economic growth (GDP: Constant US$ 2015), financial risk index (FRI), green finance (GFIN: Renewable energy public research development and demonstration (RD&D) budget as percentage of total RD&D budget), development of environment-related technologies (DERTI: percentage of all technologies) and human capital (HCI: index) have on the environmental quality of developed economies. Based on panel data, the study uses a novel approach method of moments quantile regression as a main method to tackle the issue of cross-sectional dependency, slope heterogeneity and nonnormality of the data.

Findings

The study confirms that increasing economic development increases emissions and negatively impacts the environment. However, efficient resource allocation, improved financial systems, and green innovation are likely to contribute to emission mitigation and the overall development of a sustainable viable economy. Furthermore, the study highlights the importance of risk management in financial systems for future emissions prevention.

Practical implications

The study uses a reliable estimation procedure, which extends the discussion on climate policy from a COP-27 perspective and offers practical implications for policymakers in developing more effective emission mitigation strategies.

Social implications

The study offers policy suggestions for a sustainable economy, focusing on both COP-27 and the G7 countries. Recommendations include implementing carbon pricing, developing carbon capture and storage technologies, investing in renewables and energy efficiency and introducing financial instruments for emission mitigation. From a COP-27 standpoint, the G7 should prioritize transitioning to low-carbon economies and supporting developing nations in their sustainability efforts to address the pressing challenges of climate change and global warming.

Originality/value

In comparison to the literature, this study examines the importance of financial risk for G7 economies in promoting a sustainable environment. More specifically, in the context of FD and national income with carbon emissions, previous researchers have disregarded the importance of green innovation and human capital, so the current study fills the gap in the literature related to G7 economies by exploring the link between the identified variables related to carbon emissions.

Details

Studies in Economics and Finance, vol. 41 no. 3
Type: Research Article
ISSN: 1086-7376

Keywords

Article
Publication date: 22 June 2023

Nooshin Karimi Alavijeh, Mohammad Taher Ahmadi Shadmehri, Fatemeh Dehdar, Samane Zangoei and Nazia Nazeer

While science has researched the impact of air pollution on human health, the economic dimension of it has been less researched so far. Renewable energy consumption is an…

Abstract

Purpose

While science has researched the impact of air pollution on human health, the economic dimension of it has been less researched so far. Renewable energy consumption is an important factor in determining the level of life expectancy and reducing health expenditure. Thus, this study aims to investigate the impact of renewable energy, carbon emissions, health expenditure and urbanization on life expectancy in G-7 countries over the period of 2000–2019.

Design/methodology/approach

This study has adopted a novel Method of Moments Quantile Regression (MMQR). Furthermore, as a robustness check for MMQR, the fully modified ordinary least square, dynamic ordinary least squares and fixed effect ordinary least square estimators have been used.

Findings

The results indicated that renewable energy consumption, health expenditure and urbanization lead to an increase in life expectancy across all quantiles (5th to 95th), whereas higher carbon dioxide emissions reduce life expectancy at birth across all the quantiles (5th to 95th).

Practical implications

The empirical findings conclude that governments should recognize their potential in renewable energy sources and devise policies such as tax-related regulations, or relevant incentives to encourage further investments in this field.

Originality/value

This paper in comparison to the other research studies used MMQR to investigate the impact of factors affecting life expectancy. Also, to the best of the authors’ knowledge, so far no study has investigated the impact of renewable energy on life expectancy in G-7 countries.

Details

International Journal of Energy Sector Management, vol. 18 no. 4
Type: Research Article
ISSN: 1750-6220

Keywords

Article
Publication date: 27 September 2024

Amara Awan, Kashif Hussain, Mahwish Zafar, Maryam Javed Butt and Samer Yaghmour

Protecting the planet from unprecedented environmental crises in the presence of economic expansion has become a critical global concern. Hence, the current study aims to analyze…

Abstract

Purpose

Protecting the planet from unprecedented environmental crises in the presence of economic expansion has become a critical global concern. Hence, the current study aims to analyze the impact of nations’ green behaviors that they adopt to protect the planet while promoting economic expansion. Additionally, the study explores the moderating role of ES in the nexus of GI and green growth.

Design/methodology/approach

Data were collected over a period of 1990–2019. Analysis was conducted by employing panel data analysis techniques and various robustness tests, including multicollinearity, serial correlation and spatial correlation, for a sample of 33 nations by categorizing in Organization for Economic Co-operation and Development (OECD) and Brazil, Russia, India, China, and South Africa (BRICS) economies as well as in the pre- and post-financial crisis period.

Findings

Analysis of the composite sample reveals a significant positive impact of green investments and green innovations on green growth. Further analysis reveals a significant moderating role of environmental policy stringency in OECD economies, especially in the pre-financial crisis period. The interaction slope shows that the contribution of green innovations to green growth is positive at high and medium levels of ES. However, in the case of BRICS economies, this moderating role is insignificant.

Practical implications

Study findings signify the importance of stakeholder environment and urge governments to prioritize funds for sectors practicing environmentally friendly behaviors to foster green growth and stresses for more effective infrastructure of policy implementation, monitoring and evaluation.

Originality/value

The relationship of green investments, innovations and green growth has been established largely in existing literature; however, there is a dearth of studies to analyze the moderating role of ES. Hence the current study investigates this moderating role in the nexus of nations’ green behavior and green growth in different stakeholder environments and contexts.

Details

Management of Environmental Quality: An International Journal, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1477-7835

Keywords

Article
Publication date: 14 October 2024

Shivani, Seema Sharma and Shveta Singh

This study examines the relationship between green entrepreneurship and environmental quality in selected Asian economies. The impact of green entrepreneurship dimensions, i.e…

Abstract

Purpose

This study examines the relationship between green entrepreneurship and environmental quality in selected Asian economies. The impact of green entrepreneurship dimensions, i.e. renewable energy utilization, innovation orientation, green funding and resource efficiency is empirically assessed on environmental quality. The research assists in opening the “black box” mechanism of how green entrepreneurship affects the environmental pillar of sustainability.

Design/methodology/approach

An analysis of 11 Asian countries is conducted over the period from 2000 to 2019, using panel regression techniques to examine the link between green entrepreneurship dimensions and environmental quality indicators.

Findings

The findings reveal that all four dimensions of green entrepreneurship have an inverse relationship with carbon emissions and ecological footprint while showing a positive relationship with the load capacity factor. This implies that green entrepreneurship contributes positively to environmental sustainability by enhancing the ecosystem’s resilience and capacity to support life.

Practical implications

We advocate for policymakers to prioritize green entrepreneurship to stimulate innovation for energy transition and environmental sustainability. Furthermore, creating a conducive atmosphere for green entrepreneurs can spur job creation, economic growth and societal well-being, thus fostering a more resilient and sustainable future for all.

Originality/value

In this study, we adopted a multidimensional approach for measuring green entrepreneurship, which represents an advancement over existing literature that predominantly relied on renewable energy consumption to gauge the green entrepreneurship phenomenon at the macro level.

Details

Management of Environmental Quality: An International Journal, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1477-7835

Keywords

Open Access
Article
Publication date: 24 May 2022

Talat Islam, Saleha Sharif, Hafiz Fawad Ali and Saqib Jamil

Nurses' turnover intention has become a major issue in developing countries with high power distance cultures. Therefore, the authors attempt to investigate how turnover intention…

4797

Abstract

Purpose

Nurses' turnover intention has become a major issue in developing countries with high power distance cultures. Therefore, the authors attempt to investigate how turnover intention among nurses' can be reduced through paternalistic leadership (PL). The authors further investigate the mediating role of job satisfaction between the associations of benevolent, moral and authoritarian dimensions of PL with turnover intention. Finally, the authors examined perceived organizational support (POS) as a conditional variable between job satisfaction and turnover intention.

Design/methodology/approach

The authors collected data from 374 nurses working in public and private hospitals of high power distance culture using a questionnaire-based survey on convenience basis.

Findings

Structural equation modeling confirms that benevolent and moral dimensions of PL positively affect nurses' job satisfaction which helps them reduce their turnover intention. While the authoritarian dimension of PL negatively affects job satisfaction to further enhance their turnover intention. In addition, the authors noted POS as a conditional variable to trigger the negative effect of job satisfaction on turnover intention.

Research limitations/implications

The authors used a cross-sectional design to collect responses and ensured the absence of common method variance through Harman's Single factor test.

Originality/value

This study identified the mechanism (job satisfaction and POS) through which benevolent, moral and authoritative dimensions of PL predict turnover intention among nurses working in high power distance culture.

研究目的

護士有離職意向,在擁有高權力距離文化的發展中國家,已成為一個重大的問題。因此,我們擬探討如何可以透過採用家長式領導、把護士離職的意欲減低,繼而研究工作滿足感,在離職意向與家長式領導中仁慈、道德和獨裁這三個層面的關係中所起的中介作用。最後,我們就組織支持感,作為是工作滿足感與離職意向之間的一個條件變數,進行了研究。

研究設計/方法/理念

本研究透過採用在便利的基礎上進行的問卷調查,從374名在高權力距離文化的公營和私營醫院內工作的護士取得數據,進行分析。

研究結果

結構方程模型證實了家長式領導中的仁慈和道德這兩個層面,會對可減低護士離職意欲的工作滿足感,產生積極的影響。家長式領導中的獨裁層面、則會對護士的工作滿足程度產生負面的影響,繼而增強其離職意欲。而且,我們確認了組織支持感是一個會增強工作滿足感與離職意向之間負相聯的條件變數。

研究的局限/啟示

我們以橫斷面的設計法來收集回應,並透過採用哈曼 (Harman) 的單因素檢定法,來確保共同方法變異不會存在。

研究的原創性/價值

本研究確定了一個 (工作滿足感與組織支持感) 機制,透過這機制,家長式領導中的仁慈、道德和獨裁這三個層面可預測於高權力距離文化工作的護士的離職意向。

Details

European Journal of Management and Business Economics, vol. 33 no. 4
Type: Research Article
ISSN: 2444-8451

Keywords

Article
Publication date: 22 November 2024

Zamin Farzam, Pournima Dhume Shinkre, Nilesh Borde and Purva Hegde Desai

This study conducts a systematic literature review and bibliometric analysis to explore the overarching trends, growth trajectories, key themes, significant contributors and scope…

Abstract

Purpose

This study conducts a systematic literature review and bibliometric analysis to explore the overarching trends, growth trajectories, key themes, significant contributors and scope of research concerning the interplay between foreign capital inflows, institutional quality and the dynamics of financial development.

Design/methodology/approach

Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) guidelines have been followed to identify the articles. A thorough literature review was then conducted, supplemented by a bibliometric analysis using the Biblioshiny software within the RStudio platform.

Findings

Empirical research consistently demonstrates a strong correlation between foreign capital inflows, institutional quality and financial development. The bibliometric analysis indicates a 5.56% annual growth rate in this area, alongside a steady increase in scientific output. Regarding country-specific scientific production, China, Malaysia and the United States rank among the world’s top 10 most prolific nations. Thematic map analysis further reveals that the keywords “institutional quality,” “financial development” and “foreign direct investment” are categorized as “basic themes,” highlighting their significant potential for future research.

Research limitations/implications

The analysis relies on Biblioshiny software; future studies could incorporate other methods such as cluster analysis, citation and co-citation analysis using VOSviewer. Additionally, a more comprehensive meta-analysis covering a longer time span can be considered for future research.

Practical implications

This study shall assist researchers in identifying recent advancements in the components of foreign capital and their direct and indirect effects on financial development through the lens of institutional quality. It provides valuable insights for scholars, aiding in recognizing emerging trends and patterns in the field. Additionally, it highlights key contributors, including leading authors, journals and countries, thereby fostering global academic collaboration.

Social implications

This research offers policymakers a clear framework for formulating policies to effectively leverage foreign capital inflows for financial development. It also emphasizes the importance of a strong institutional environment in the relationship between foreign capital inflow and financial market development.

Originality/value

The study uncovers key gaps in the multidimensional aspects of financial development and the heterogeneity of foreign direct investment (FDI), thereby deepening scholars' understanding of trends, growth rates and potential future directions in the field.

Details

Managerial Finance, vol. 51 no. 2
Type: Research Article
ISSN: 0307-4358

Keywords

Article
Publication date: 14 November 2024

Kwaku Kyei Gyamerah and Francis Kamewor Tetteh

This paper aims to investigate the role of institutional quality in the relationship between mobile money and financial inclusion among Sub-Saharan Africa (SSA) from 2002 to 2022.

Abstract

Purpose

This paper aims to investigate the role of institutional quality in the relationship between mobile money and financial inclusion among Sub-Saharan Africa (SSA) from 2002 to 2022.

Design/methodology/approach

The paper uses annual data from SSA on a bundle of four financial inclusion variables, six institutional quality indicators (i.e. rule of law, government effectiveness, control of corruption, voice and accountability, regulatory quality and political stability) and total volume of mobile money transaction in a year. The two-stage least squares regression was used to validate the hypotheses. Also, the random effects model was also used to account for potential unobserved heterogeneity across countries in SSA.

Findings

The empirical results reveal that institutional quality and mobile money have direct impact on financial inclusion. Also, institutional quality plays a positive and significant contingency role in the relationship between mobile money and financial inclusion.

Originality/value

The study contributes to financial inclusion theory by providing multi-country empirical evidence to validate the theory in explaining mobile money’s role in expanding financial access. It also highlights the key insight from financial inclusion theory regarding the need for strong governance institutions for technology-enabled inclusion. By examining interactions between mobile money, institutions and financial inclusion across 15 African SSA economies, the study allows for more generalizable conclusions about contextual dependencies.

Details

SAM Advanced Management Journal, vol. 89 no. 4
Type: Research Article
ISSN: 2996-6078

Keywords

Article
Publication date: 5 July 2022

Muhammad Ahad, Saqib Farid and Zaheer Anwer

In the presence of informal sector in the country, designing an energy policy and the pursuit of higher economic growth become challenging for emerging economies. These economies…

Abstract

Purpose

In the presence of informal sector in the country, designing an energy policy and the pursuit of higher economic growth become challenging for emerging economies. These economies are usually resource starved, and the presence of underground economy leads to faulty estimates of energy demand. The authors explore the energy–growth nexus in the presence of underground economy for Pakistan, an emerging economy host to large informal sector and facing recurring energy crises.

Design/methodology/approach

The authors evaluate the impact of underground economy on energy demand in the presence of explanatory variables, including official gross domestic product (GDP), foreign direct investment and financial development. The authors first assess the influence of official economy on the consumption of energy. The authors investigate how energy consumption is influenced solely by underground economy. Finally, the authors evaluate the impact of true GDP on the energy consumption. The authors employ combined cointegration method of Bayer and Hanck (2013) and then apply vector error correction model.

Findings

The results reveal that official GDP, underground economy and true GDP positively and significantly affect energy consumption in both short and long run. Similarly, financial development as well as foreign direct investment enhance energy consumption. The authors find unidirectional causality between energy consumption and official GDP variables (OGDP → EC), underground economy (UE → EC) and true GDP variables (TGDP → EC) in the long run. The authors observe bidirectional causality in the short run between energy consumption and official GDP (OGDP ↔ EC) and true GDP (TGDP ↔ EC).

Originality/value

To the best of the authors' knowledge, no study examines the causal relationship of energy consumption and underground economy. Overall, the findings assist policymakers to consider and implement different energy-related policies considering the significant role of underground economy for energy consumption in Pakistan.

Details

International Journal of Emerging Markets, vol. 19 no. 2
Type: Research Article
ISSN: 1746-8809

Keywords

Article
Publication date: 22 June 2022

Talat Islam, Iram Zahra, Saif Ur Rehman and Saqib Jamil

Innovation has become a necessity for the information technology (IT) sector, especially during COVID-19 pandemic. Therefore, this study aims to investigate how knowledge sharing…

1891

Abstract

Purpose

Innovation has become a necessity for the information technology (IT) sector, especially during COVID-19 pandemic. Therefore, this study aims to investigate how knowledge sharing affects employees’ innovative work behavior (IWB). Specifically, the study examined occupational self-efficacy (as mediating mechanism) and entrepreneurial leadership (as boundary condition) to encourage IWB.

Design/methodology/approach

The study used social media platforms to collect data from 270 employees working in the IT sector through “google forms” on convenience basis between March and August, 2021. The study applied structural equation modeling in two stages to examine the measurement model (for uni-dimensionality) and the structural model (for hypotheses testing).

Findings

The study noted that knowledge sharing positively affects employees’ IWB and occupational self-efficacy positively explains this association. In addition, employees’ perception of entrepreneurial leadership strengthens the association between knowledge sharing and IWB.

Research limitations/implications

The study collected data from a developing country during COVID-19 by using a cross-sectional design that may restrict causality. However, the findings suggest the management not only encourages knowledge sharing environment but also engages employees in various training that motivate them to experiment with new ideas and techniques.

Originality/value

This study extends the existing literature on knowledge sharing and IWB by exploring occupational self-efficacy as mediating mechanism and entrepreneurial leadership as a boundary condition.

Details

Global Knowledge, Memory and Communication, vol. 73 no. 1/2
Type: Research Article
ISSN: 2514-9342

Keywords

1 – 10 of 20