Umar Habibu Umar, Mamdouh Abdulaziz Saleh Al-Faryan and Ahmed Zakaria Zaki Osemy
This study investigated how the financial expertise of the board of directors, risk management committee (RMC), audit committee (AC) and Shariá Supervisory Board (SSB) influences…
Abstract
Purpose
This study investigated how the financial expertise of the board of directors, risk management committee (RMC), audit committee (AC) and Shariá Supervisory Board (SSB) influences the risk-taking of Islamic banks.
Design/methodology/approach
The study utilized unbalanced panel data for a sample of 43 full-fledged Islamic banks from 15 countries over 12 years (2010–2021). We employed feasible generalized least squares (FGLS) and heteroskedastic panels corrected standard errors (HPCSE) regression regressions as the primary estimation methods and used a two-step system generalized method of moments (GMM) estimator for robustness checks.
Findings
The results indicate that board financial expertise decreases insolvency and credit risks. Similarly, AC financial expertise and SSB financial expertise reduce insolvency and portfolio risks but increase credit risk. In contrast, RMC financial expertise raises insolvency risk. The remaining relationships are statistically insignificant.
Research limitations/implications
Due to the lack of disclosure regarding the educational and professional background of the board and committee members in the annual reports of some Islamic banks, this research used a sample of only 43 full-fledged Islamic banks operating in fifteen countries from 2010 to 2021.
Practical implications
The findings can assist both local and international regulators in revising corporate governance codes and risk management guidelines in such a way as to ensure that the financial experts appointed to the board, AC, RMC and SSB, are capable of controlling excessive risk-taking behavior in Islamic banks.
Originality/value
This study contributes to the literature by providing comprehensive empirical evidence that corporate governance financial expertise influences the risk-taking behavior of Islamic banks.
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This study investigates trends in environmental leadership research in the MENA region from 2003 to 2023, highlighting the region’s unique environmental challenges and the…
Abstract
Purpose
This study investigates trends in environmental leadership research in the MENA region from 2003 to 2023, highlighting the region’s unique environmental challenges and the increasing importance of sustainability governance.
Design/methodology/approach
A systematic review of 140 articles was conducted using VOSviewer and Biblioshiny to identify key theoretical landscapes, research streams and contextual factors. The findings are analysed within the PEST framework to explore the influence of political, economic, social and technological dimensions on environmental leadership.
Findings
Research activity in environmental leadership within the MENA region has significantly increased post-2012, driven by global sustainability initiatives and regional policies such as Saudi Arabia’s Vision 2030. Key themes include sustainability governance, corporate social responsibility and the application of ISO 14001 standards, reflecting the region’s strategic priorities amidst socio-political and economic complexities.
Originality/value
By addressing gaps in the literature, this study integrates the PEST framework to offer a nuanced understanding of environmental leadership, contributing to theoretical advancements and practical applications in sustainability governance.
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Ali Hassan Ali, Tarek Zayed, Sulemana Fatoama Abdulai and Roy Dong Wang
This study aims to explore the tower crane safety factors (TCSFs) that influence tower crane safe operations (TCSOs) in modular integrated construction (MiC). It evaluates how the…
Abstract
Purpose
This study aims to explore the tower crane safety factors (TCSFs) that influence tower crane safe operations (TCSOs) in modular integrated construction (MiC). It evaluates how the adoption of these factors contributes to achieving TCSOs and promoting sustainable practices (SPs) within MiC.
Design/methodology/approach
To achieve this aim, the study employed a systematic search to ensure a comprehensive collection of variables. Additionally, it conducted a questionnaire survey involving professionals and utilized a brainstorming technique to categorize the different variables. Finally, partial least squares structural equation modeling (PLS-SEM) was employed to test the relationship between TCSOs and SPs.
Findings
The results of measurement models indicated strong convergent and discriminant validity, with each observed variable correlating well with its latent variable. Moreover, a significant positive correlation between TCSOs and SPs was evidenced by a path coefficient (β = 0.755) and a p-value of <0.05. Lastly, the structural model revealed that the independent variables strongly influence the dependent variable (i.e. SPs) by 57%, underscoring safety's pivotal role in advancing sustainability within MiC projects. These findings provide empirical evidence that improving tower crane safety can directly enhance sustainable practices, offering a dual benefit of increased safety and sustainability for the construction sector.
Originality/value
This study makes a unique and previously undiscovered contribution to the field by identifying the TCSFs in MiC and employing a novel approach by utilizing PLS-SEM to create a unique mathematical model. It offers valuable insights into the relationship between TCSFs, TCSOs and SPs, thus contributing to methodological advancements within Safety Science and providing a foundation for future research and practical implementation in the construction industry.