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1 – 10 of 15Md. Abu Hasnat, Hissan Khandakar, Md. Azizur Rahman, SM Nahidul Islam and Khandakar Kamrul Hasan
This study aims to analyse the research themes in Islamic finance, assess the extent to which Sustainable Development Goals (SDGs) can be achieved through implementing Islamic…
Abstract
Purpose
This study aims to analyse the research themes in Islamic finance, assess the extent to which Sustainable Development Goals (SDGs) can be achieved through implementing Islamic financial principles and explore the potential for reshaping human behaviour under an Islamic framework. The research aims to establish a paradigm that evaluates the role of Islamic finance in fostering social justice, environmental sustainability and ethical governance as a sustainable alternative to the capitalist system.
Design/methodology/approach
This research employs a comprehensive literature review and thematic analysis to assess the alignment of Islamic finance with SDGs. Secondary data from peer-reviewed academic articles (2016–2024) were collected and analysed using an inductive thematic approach. Key themes include Islamic finance, maqasid ash-shariah and the role of Islamic finance in sustainable development. A conceptual framework is proposed to depict how Islamic financial practices can contribute to the SDGs.
Findings
The study identifies that Islamic finance, rooted in Shariah principles, offers a robust foundation for fostering social justice, ethical governance and environmental sustainability. By integrating zakat, donations, private investments and socially responsible investments, the Islamic financial model aligns with SDGs, addressing poverty (SDG 1), reducing inequality (SDG 10) and promoting sustainable economic growth (SDG 8). The findings underscore the potential of Islamic finance to address capitalism’s shortcomings, such as income inequality and unsustainable practices, while advocating for a paradigm shift in human behaviour through adherence to Islamic values.
Practical implications
Policymakers and financial institutions can leverage the insights from this research to design and implement Islamic financial models that promote equitable resource allocation, sustainable development and ethical practices. The framework offers a practical guide for integrating Islamic finance into conventional financial systems to achieve SDGs.
Originality/value
The study contributes to the existing literature by presenting a novel conceptual framework that integrates Islamic finance with sustainable development goals. It offers a unique perspective on transitioning from capitalism to an Islamic financial model, emphasizing behavioural and ideological changes to achieve equitable and sustainable economic outcomes.
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AFM Jalal Ahamed and Yam B. Limbu
Financial anxiety has become a global concern and a growing research area with significant potential to contribute to the behavioral and personal finance literature. Despite this…
Abstract
Purpose
Financial anxiety has become a global concern and a growing research area with significant potential to contribute to the behavioral and personal finance literature. Despite this, the literature is fragmented and inconsistent. Prior studies vary greatly in the breadth of definitions and measures of financial anxiety. There has been no systematic evaluation of literature on financial anxiety antecedents, consequences, and coping strategies. This systematic review fills this gap.
Design/methodology/approach
We followed the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) guidelines. We searched Scopus and Web of Science and identified 55 eligible studies published between 2009 and 2024.
Findings
Financial anxiety is defined and measured differently in different research domains. We identified several antecedents, including socio-demographic factors (e.g. gender, age, ethnicity, income, employment, racial background, and language proficiency), personality traits, compulsive and impulsive buying behavior, depression or other mental issues, family health issues, and the COVID-19 pandemic and consequences of financial anxiety, including psychological and psychic health, societal and personal relations, financial behavior and well-being, and job-related outcomes. In addition, the literature presents six financial anxiety coping strategies (self-imposed coping mechanisms, spiritual and theological resources, increased financial capability, social and family support, seeking professional help, and language proficiency training). Several future research directions are presented.
Originality/value
This review represents the first systematic compilation and evaluation of the research findings on financial anxiety.
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Emma Marchal Jones, Marnie Olivia Reed, Andrea Meyer, Jens Gaab and Yoon Phaik Ooi
This cross-sectional investigation explores the relative importance of specific psychological factors influencing adjustment in a sample of internationally mobile children and…
Abstract
Purpose
This cross-sectional investigation explores the relative importance of specific psychological factors influencing adjustment in a sample of internationally mobile children and adolescents, commonly referred to as third culture kids (TCKs), living in Switzerland.
Design/methodology/approach
The study cohort comprised 126 participants aged 7–17 years, all of whom had experienced international relocations due to their parents' professional commitments. Participants were recruited from local and international schools in Switzerland, and data were collected through validated online questionnaires after obtaining informed consent. The study focused on proximal psychological factors, including emotion regulation strategies (such as cognitive reappraisal and emotion suppression), negative social cognition, resilience and perceived stress, assessing their impact on psychological adjustment. Outcomes were measured through indicators of well-being and mental health, including emotional and behavioral symptoms.
Findings
Commonality analysis was used to evaluate the relative contributions of each psychological factor to well-being and mental health in the sample. Perceived stress emerged as the most significant contributor to well-being, while resilience played a crucial buffering role against mental-health difficulties. These findings are consistent with Berry’s Acculturative Stress Model, which highlights the importance of managing stress in the context of cultural transitions. Additionally, the presence of well-established expatriate support networks in Switzerland may have mitigated the negative effects of stress, suggesting that similar patterns may not hold in less resource-rich environments.
Research limitations/implications
The study offers important insights into the challenges faced by TCKs during international relocations, underscoring the need for further cross-cultural research. It remains essential to examine whether emotion regulation strategies such as cognitive reappraisal and resilience mechanisms function similarly in different cultural and socioeconomic contexts.
Practical implications
The findings also suggest the potential benefits of tailored psychotherapeutic interventions aimed at enhancing the well-being and adaptive capacity of TCKs.
Originality/value
Overall, this research contributes valuable knowledge to the understanding of the psychological mechanisms that can inform strategies for supporting TCKs as they navigate the complexities of global mobility.
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The purpose of this study was to make sense of the individual perspectives of former undergraduate student mentors from science, technology, engineering, and mathematics (STEM…
Abstract
Purpose
The purpose of this study was to make sense of the individual perspectives of former undergraduate student mentors from science, technology, engineering, and mathematics (STEM) fields who took part in an after-school STEM mentoring program. The study examined the following research questions: (1) How do former undergraduate student STEM mentors interpret and give meaning to their after-school STEM mentoring experiences? (2) In what way can an after-school STEM mentoring experience lead to a deeper understanding of the long-term implications of a STEM mentorship program?
Design/methodology/approach
The sample comprised 21 former undergraduate STEM mentors. The study was guided by the methods of content analysis and repertory grid (RepGrid), with data collected via highly structured interviews. Eight elements were pre-selected for the RepGrid to elicit constructs from participants. These include (1) mentoring, (2) teaching, (3) research, (4) career, (5) workforce, (6) Nebraska STEM for you (NE STEM 4U), (7) networking, and (8) communication. The researcher employed content analysis for cross-case analysis and used interpretative clustering to analyze nuanced similarities and differences among participants. Personal construct theory was used to understand how former STEM mentors made sense of their experiences.
Findings
The results highlight the diversity of viewpoints among participants, as well as their connections to various career paths, communication strategies, and mentorship styles. These insights contribute to a deeper understanding of how STEM mentorship experiences can be tailored to the experiences of mentees. The study stresses the significance of clear communication in STEM and advises professionals to avoid excessive technical jargon to convey complex ideas. Overall, the study provides valuable insights into the motivations, perspectives, and benefits of former undergraduate mentors. Ultimately, recognizing how these factors impact STEM mentoring programs is vital for the long-term success and advancement of the STEM pipeline.
Research limitations/implications
The study has several limitations, including the inclusion of participants lacking knowledge or experience with the eight elements used in the RepGrids. While participants had completed a bachelor’s degree in a STEM field, not all had pursued advanced schooling or careers that required knowledge or implementation of research.
Practical implications
Findings underscore the importance of acknowledging the diverse career paths within STEM fields to understand participants’ perspectives toward mentorship. Considering the incorporation of STEM mentorship within regular school hours and making it a graduation prerequisite could enhance student participation and advancement. Integrating STEM outreach programs into higher education curricula could facilitate the development of essential professional skills (e.g. critical thinking, problem-solving) among STEM undergraduate students. These implications highlight the importance of diverse mentorship styles and professional skills to foster a more inclusive STEM workforce.
Originality/value
The study focused on the individual perspectives of participants rather than employing a thematic analysis.
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Mariyam Abdulhadi, Fred Awaah, Deborah Agbanimu, Emmanuel Okyere Ekwam and Emmanuella Sefiamor Heloo
The lecture method has been compared with teaching methods such as flip learning, cooperative learning and simulations to establish which holds the key to students' understanding…
Abstract
Purpose
The lecture method has been compared with teaching methods such as flip learning, cooperative learning and simulations to establish which holds the key to students' understanding of concepts. What is bereft in the education literature is its comparative efficiency with the culturo-techno contextual approach (CTCA) in the teaching of computer science education.
Design/methodology/approach
This study adopted the quasi-experimental design to determine the efficacy of the CTCA in breaking difficulties related to the study of spreadsheets as a difficult concept in the Nigerian computer science education curriculum. Junior high school students studying computer science education participated in the study. The control group had 30 students, with 35 students in the experimental group. The experimental group was taught using CTCA, while the control group used the lecture method. The spread sheet achievement test, which had 40 items on spreadsheet, was used to collect data.
Findings
The results showed that the experimental group significantly outperformed the control group [F (1,60) = 41.89; p < 0.05]. The findings showed the potential of CTCA in improving students' performance in spreadsheets in the computer science education curriculum.
Originality/value
The originality of this study is hinged on its ground-breaking test of the CTCA to the study of the spreadsheet. The findings of this study indicate its efficacy in improving students' understanding of spreadsheet and computer science education.
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This study aims to examine the combinations of internal and external knowledge flows between research and development (R&D) incumbents and start-ups in the context of open…
Abstract
Purpose
This study aims to examine the combinations of internal and external knowledge flows between research and development (R&D) incumbents and start-ups in the context of open innovation. While there is a growing body of knowledge that has examined how, in a knowledge economy, a firm’s knowledge and innovation activities are closely linked, there is no systematic review available of the key antecedents, perspectives, phenomenon and outcomes of knowledge spillovers.
Design/methodology/approach
The authors have conducted dual-stage research. First, the authors conducted a systematic review of literature (97 research articles) by following the theories–contexts–methods framework and the antecedent-phenomenon-outcomes logic. The authors identified the key theories, contexts, methods, antecedents, phenomenon and outcomes of knowledge spillovers between R&D-driven incumbents and start-ups in the open innovation context. In the second stage, the findings of stage one were leveraged to advance a nomological network that depicts the strength of the relationship between the observable constructs that emerged from the review.
Findings
The findings demonstrate how knowledge spillovers can help incumbent organisations and start-ups to achieve improved innovation capabilities, R&D capacity, competitive advantage and the creation of knowledge ecosystems leading to improved firm performance. This study has important implications for practitioners and managers – it provides managers with important antecedents of knowledge spillover (knowledge capacities and knowledge types), which directly impact the R&D intensity and digitalisation driving open innovation. The emerging network showed that the antecedents of knowledge spillovers have a direct relationship with the creation of a knowledge ecosystem orchestrated by incumbents and that there is a very strong influence of knowledge capacities and knowledge types on the selection of external knowledge partners/sources.
Practical implications
This study has important implications for practitioners and managers. In particular, it provides managers with important antecedents of knowledge spillover (knowledge capacities and knowledge types), which directly impact the R&D intensity and digitalisation driving open innovation. This will enable managers to take important decisions about what knowledge capacities are required to achieve innovation outcomes. The findings suggest that managers of incumbent firms should be cautious when deciding to invest in knowledge sourcing from external partners. This choice may be driven by the absorptive capacity of the incumbent firm, market competition, protection of intellectual property and public policy supporting innovation and entrepreneurship.
Originality/value
Identification of the key antecedents, phenomenon and outcomes of knowledge spillovers between R&D-driven incumbents and start-ups in the open innovation context. The findings from Stage 1 helped us to advance a nomological network in Stage 2, which identifies the strength and influence of the various observable constructs (identified from the review) on each other. No prior study, to the best of the authors’ knowledge, has advanced a nomological network in the context of knowledge spillovers between R&D-driven incumbents and start-ups in the open innovation context.
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Richard Croucher, Myint Moe Chit, Ellis Osabutey and Marian Rizov
The paper investigates factors that contribute to small and medium enterprises (SMEs) surviving major exogenous shocks. Global crises such as the coronavirus disease 2019…
Abstract
Purpose
The paper investigates factors that contribute to small and medium enterprises (SMEs) surviving major exogenous shocks. Global crises such as the coronavirus disease 2019 (COVID-19) have increasingly heightened scholarly interest in post-crises responses. However, studies that compare the relative responses to external shocks and the outcomes for SMEs operating in different institutional settings are limited. We examine the relative degrees of success European and African SMEs experienced in avoiding the worst consequences of the COVID-19 pandemic.
Design/methodology/approach
We use the resource dependency theory (RDT) with variants of institutional theory since the RDT has been shown in practice to have greater explanatory power when used in this way. We augment our framework with a feminist theory dimension. To test our hypotheses, we apply regression analyses using cross-sectional data from the World Bank Enterprise Surveys (WBES), which include responses from private enterprises in 26 European and eight African countries. We construct our data by combining the COVID-19 follow-up surveys with relevant firm-specific characteristics from the WBES conducted in 2020–2021 using firm-specific unique IDs. After removing the firms with missing observations, the sample number of SMEs is 15,178.
Findings
Our empirical findings support the theoretically posited positive effects of innovativeness, institutional connectedness and governance capability on SMEs’ survival in the face of external shocks. Further, we confirm the importance of firm-specific characteristics (financial status, size and age) for SMEs’ survival. Female-owned SMEs are more likely to suffer during COVID-19, especially in Africa. The results are more nuanced when we consider industry specificity and heterogeneity of government support.
Originality/value
Our article helps answer the theoretical (and policy-relevant) question of whether SMEs that are resilient to major exogenous shocks may share certain characteristics despite operating in different institutional environments. If that is so, then it may be that lessons from one continent may have at least some relevance for the other. Our approach’s broad value lies in its capacity to test the degree to which established bodies of theory developed in the Northern Hemisphere may be deployed in Africa, well beyond the contexts which provided their initial empirical basis. This paper also contributes to the literature on the effect of environmental-change shocks on entrepreneurship performance outcomes.
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Abstract
Purpose
Criticality cognitions regarding the same workplace event often differ between leaders and employees. Nevertheless, its consequences on employee work outcomes remain unknown. In this study, we draw on cognitive dissonance theory to examine how and why leader–employee differences in cognitions of workplace event criticality impact employee job-related outcomes.
Design/methodology/approach
Wu used multilevel polynomial regression analyses from a time-lagged, multi-source field study with 145 leader–employee dyads to test our proposed model.
Findings
Leader–employee differences in cognitions of workplace event criticality can bring both benefits and perils to employees. Specifically, such differences can cause employee rumination, which in turn leads to an increase in both employee voice and fatigue.
Originality/value
This study contributes to the event and cognitive discrepancy literature in four ways. First, prior event studies largely adopted a singular employee perspective for investigation (e.g. Chen et al., 2021; Lin et al., 2021). By examining the impacts of event criticality from the dual perspective of leaders and employees, we attain a more comprehensive understanding of the implications of workplace events in organizational life. Second, extant studies have predominantly focused on the dark side of cognitive discrepancy (e.g. Bashshur et al., 2011; Erdogan et al., 2004; Grandey et al., 2013). Our study reveals that leader–employee differences in criticality cognitions can have both a bright and a dark side on employee outcomes, offering a more balanced and dialectical view of the consequences of cognitive discrepancy. Third, drawing on cognitive dissonance theory, we introduce employee rumination as an underlying mechanism to explain the impacts of leader–employee differences in criticality cognitions on employee voice and fatigue. Finally, while prior cognitive dissonance research has primarily employed an intrapersonal perspective (e.g. Sivanathan et al., 2008; Pugh et al., 2011; Grandey et al., 2013), our study adopts an interpersonal lens and underscores that interpersonal differences in cognitions can also serve as an example of cognitive discrepancy to instigate internal dissonance processes. By doing so, we enrich our understanding of cognitive dissonance theory.
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