Andrew Ebekozien, Clinton Ohis Aigbavboa, Mohamad Shaharudin Samsurijan, Ahmad Kabir Muhammad and Opeoluwa Akinradewo
Several governments in developing countries have attempted via policies and programmes to improve access to low-cost housing (LCH) finance for low-income house owners, but…
Abstract
Purpose
Several governments in developing countries have attempted via policies and programmes to improve access to low-cost housing (LCH) finance for low-income house owners, but sustainability has been an issue. Therefore, sustainable LCH (SLCH) financing framework may mitigate issues hindering LCH financing sustainability in developing countries. There is a paucity of studies about SLCH financing through a framework in Nigeria. Thus, the study investigated the barriers facing low-income earners (LInEs) accessing SLCH finance and developed a framework for promoting Nigerian SLCH financing.
Design/methodology/approach
The research employed a soft system methodology (SSM) to understand Nigeria’s LCH financing sustainability. The adopted method permitted a substitute to enhance LCH financing sustainability part way through a developed framework. The study conducted interviews across seven cities in Nigeria with selected practitioners.
Findings
The results were presented using the SSM seven steps. Findings reveal the state and barriers facing LInEs in accessing SLCH finance. Also, findings show that there is a need for a finance framework. It would improve sustainability, especially for intending low-income house owners across Nigeria’s cities. Findings include a framework to reposition LCH financing sustainability to promote homeowners for intending low-income house owners across Nigeria’s cities.
Originality/value
Besides the developed LCH financing sustainable framework, housing policymakers and developers can employ SLCH financing to improve low-income intending house owners in Nigeria. This may be the first study to develop a SLCH financing framework using SSM in a developing economy.
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Imron Mawardi, Mohammad Haidar Risyad and Muhammad Ubaidillah Al Mustofa
This study aims to explore the impact of instability on bank performance by examining how economic uncertainty interacts with the profitability of both Islamic and conventional…
Abstract
Purpose
This study aims to explore the impact of instability on bank performance by examining how economic uncertainty interacts with the profitability of both Islamic and conventional banks (CBs) in Indonesia.
Design/methodology/approach
This study applies a quantitative methodology, applying dynamic linear analysis through autoregressive distributed lag estimation and leverages time-series data from Indonesia’s banks. Specifically, bank profitability is measured using income before taxes, whereas economic uncertainty is gauged by weighting macroeconomic factors through principal component analysis.
Findings
Economic uncertainty affects the profitability of both Islamic banks and CBs in Indonesia, with CBs being more negatively impacted than Islamic banks.
Research limitations/implications
Economic uncertainty has a notably different impact on banks’ profitability in Indonesia, highlighting the critical need for stabilization measures to reinforce the foundations of the financial institution management system and integration policy frameworks.
Practical implications
Strengthening the management of integration policies should be prioritized to enhance financial stability in larger banks during economic uncertainty. Policymakers should focus on the profitability of CBs during periods of economic uncertainty as it has a bigger impact than the Islamic banking industry.
Originality/value
This study underscores the importance of sustainable development strategies in enhancing banking performance during periods of uncertainty. At the same time, studies examining the relationship between economic uncertainty and bank profitability remain limited, particularly when comparing Islamic banks and CBs in Indonesia.
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Agus Widarjono, Md. Mahmudul Alam, Abdur Rafik, Akhsyim Afandi and Sahabudin Sidiq
This study aims to investigate the relationship between competition and bank risk-taking in Indonesian Islamic banking using linear and non-linear approaches.
Abstract
Purpose
This study aims to investigate the relationship between competition and bank risk-taking in Indonesian Islamic banking using linear and non-linear approaches.
Design/methodology/approach
The dynamic panel regression using a two-step system generalized method of moments (GMM) is used to investigate the impact of competition on Z-score and financing loss provision (FLP) as proxies of bank stability and financing risk, respectively. This study uses all Indonesian Islamic banks (IB) from 2015–2020 using quarterly data.
Findings
The competition positively affects the Z-score and negatively influences the FLP. Furthermore, higher concentration is positively linked to the Z-score but is negatively related to the FLP. This study also incorporates a quadratic term of the competition to examine the competition-stability nexus. The findings indicate that the squared competition is negative for the Z-score and positive for the FLP. In general, this study confirms the competition-stability view.
Research limitations/implications
Some policy implications can be drawn from this study. Indonesia needs more players, and they are large IB in the form of full-fledged IB. This research uses all IB in Indonesia, but these results reflect conditions in one country with its own business and political environments. Of course, the findings cannot be generalized for all IB worldwide using cross-country data.
Originality/value
To the best of the authors’ knowledge, this is the first study that examines the non-linear relationship between competition and stability using the adjusted Lerner index in IB.
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Oday Hatem Falih, Bahareh Abedin, Mahmood Yahyazadehfar, Mohammad Safari and Erne Suzila Kassim
This study aims to explore the key factors influencing customer loyalty in Islamic banking within the Iraqi market, as well as the consequences of loyalty. Despite the increasing…
Abstract
Purpose
This study aims to explore the key factors influencing customer loyalty in Islamic banking within the Iraqi market, as well as the consequences of loyalty. Despite the increasing global significance of Islamic finance, there is a notable lack of empirical research addressing how both causal and contextual factors shape customer loyalty in Iraq. This research seeks to fill this gap by examining the dynamics of customer loyalty and its perceived value to customers, thereby contributing to a deeper understanding of customer relationships in Islamic banking.
Design/methodology/approach
The research is conducted using a grounded theory approach, allowing for an exploration of the objective through in-depth qualitative analysis. In-depth interviews are conducted with various stakeholders, including customers, managers and bank employees. The inclusion of heterogeneous groups offers a richer and deeper understanding, increasing the validity and transferability of the findings.
Findings
A model of customer loyalty in Islamic banking in Iraq is developed, highlighting social, individual and banking characteristics as indicators of causal factors. Macroeconomic trends, government policy and media and advertising are identified as contextual factors, while competitor actions, life events and demographic profiles are recognized as intervening factors. The findings also suggest that loyalty brings positive values not only to the customers, such as positive experiences, lifetime value and better financial stability, but also to the banking institutions, including word-of-mouth referrals, competitive advantage and increased customer advocacy.
Research limitations/implications
This study contributes to the advanced development of a theoretical framework on customer loyalty. In addition, the findings offer valuable insights into the relationship between Sharia compliance and customer loyalty, calling for banking institutions to prioritize adherence to Sharia principles.
Originality/value
This study explores areas of research within the context of Iraqi Islamic banking, allowing for the discovery of new and original insights into causal, contextual and intervening conditions of customer loyalty, which signify the Iraqi social phenomena. While the scope focuses on customers, the grounded theory approach opens up to emergent patterns and relationships.
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Governments worldwide are placing a greater emphasis on enhancing ecology and the environment as a result of escalating ecological issues. One possible approach is sustainable…
Abstract
Governments worldwide are placing a greater emphasis on enhancing ecology and the environment as a result of escalating ecological issues. One possible approach is sustainable governance. This chapter explores the interrelated roles of internal control, environmental accounting, and environmental auditing mechanisms in promoting sustainable governance and green transformation. By looking at these three aspects, the chapter illustrates how integrated approaches can promote sustainable practices and guarantee adherence to environmental standards. The objective of this chapter is to present a thorough knowledge of the ways in which these components work together to support sustainability as a whole.
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Yunice Karina Tumewang, Indri Supriani, Herlina Rahmawati Dewi and Md. Kausar Alam
This study aims to identify the significant scientific actors, reveal the intellectual structure and explore essential features for future research direction in Sharia governance…
Abstract
Purpose
This study aims to identify the significant scientific actors, reveal the intellectual structure and explore essential features for future research direction in Sharia governance studies.
Design/methodology/approach
The study applies a hybrid review combining bibliometric analysis and content analysis. It uses Rstudio (biblioshiny), VOSviewer and Microsoft Excel to analyze 457 articles published in 206 journals indexed by Scopus and/or Web of Science during the period of 1985 until the end of 2022.
Findings
The paper discovered four distinct streams of Sharia governance studies: structure of Sharia governance, Sharia governance and risk management, Sharia governance and sustainability and the effect of Sharia governance toward firm’s financial performance. Furthermore, it derives and summarizes 26 main research questions for future studies.
Research limitations/implications
In terms of theoretical implications, the finding contributes to the general literature on Sharia governance by conducting bibliometric analysis and content analysis. In terms of practical implications, this study suggests that Sharia governance should be strengthened by the management of Islamic banks and other Islamic-based businesses.
Originality/value
To the best of the authors’ knowledge, this study is among the early studies using a hybrid review on the topic of Sharia governance, allowing future researchers in this field to capture the trends and progress of current literature as well as the research gaps to be filled in by future researchers.
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Md. Abu Issa Gazi, Md. Ibrahim, Abdullah Al Masud and Syed Muhammod Ali Reza
The current study aims to investigate how young smartphone users in Bangladesh relate their brand experiences to brand loyalty. In addition, we want to visualize the direct and…
Abstract
Purpose
The current study aims to investigate how young smartphone users in Bangladesh relate their brand experiences to brand loyalty. In addition, we want to visualize the direct and mediating effects of brand satisfaction, brand love and brand advocacy in our model.
Design/methodology/approach
The researchers examined the hypotheses by employing structural equation modeling (SEM) in AMOS and Decision Analyst STATS, version 2.0, with a sample size of 470 Bangladeshi smartphone users. The authors constructed the conceptual model by drawing upon both theoretical and empirical foundations. The researchers obtained data by utilizing an adopted and self-administered pre-structured questionnaire distributed via an online platform.
Findings
The results showed that brand experience greatly influences brand satisfaction, love, advocacy and loyalty, all of which have a significant impact on users’ brand loyalty across the country. The findings also suggested that the function of brand satisfaction as a critical mediator in the link between brand experience and brand loyalty was significant.
Originality/value
This experiment contributes to the body of knowledge by focusing on emotional brand attachments like brand satisfaction, love and advocacy and proposing that they can mediate experience and loyalty in the mobile market. The study also helps managers and executives better understand the primary drivers of smartphones, which are essential for generating and sustaining consumers’ happiness and loyalty in today’s highly competitive consumer market.
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Rashed Al Karim, Ummea Jebunnesa and Md Karim Rabiul
This study aims to examine how perceived supervisor and organizational support mediate the association between talent management and work engagement in Bangladesh’s manufacturing…
Abstract
Purpose
This study aims to examine how perceived supervisor and organizational support mediate the association between talent management and work engagement in Bangladesh’s manufacturing industry. It also analyzes the association between work engagement and sustainable organizational performance.
Design/methodology/approach
A structured survey questionnaire was used to collect data from 385 employees working in the manufacturing industry in the Chattogram division, applying a convenience sampling approach. Data was assessed using SmartPLS software.
Findings
The key findings are that perceived supervisor and organizational support mediate the relationship between talent management practices and work engagement. Moreover, work engagement positively influences an organization’s sustainable performance.
Practical implications
This study adds knowledge to the existing literature on talent management, work engagement and sustainable organizational performance. The findings may improve employee work engagement through talent management practices in Bangladesh’s manufacturing industry.
Originality/value
This study is one of the few in the Bangladeshi manufacturing industry that provides an extensive overview of talent management practices and work engagement, using perceived supervisor and organizational support as mediating variables.
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Sean Kruger and Adriana A. Steyn
Several disciplines and thousands of studies have used, developed and supported technology adoption theories to guide industry and support innovation. However, within the past…
Abstract
Purpose
Several disciplines and thousands of studies have used, developed and supported technology adoption theories to guide industry and support innovation. However, within the past decade, a paradigm shift referred to as the fourth industrial revolution (4IR) has resulted in new considerations affecting how models are used to guide emerging technology integration into business strategy. The purpose of this study is to determine which technology adoption model, or models are primarily used when assessing smart technologies in the 4IR construct. It is not to investigate the rigour of existing models or their theoretical underpinnings, as this has been proven.
Design/methodology/approach
To achieve this, a systematic literature review based on the preferred reporting items for systematic reviews and meta-analysis methodology is used. From 3,007 publications, 125 papers between 2015 and 2021 were deemed relevant for thematic analysis.
Findings
From the literature, five perspectives were extracted. As with other information and communication technology studies, the analysis confirms that the technology acceptance model remains the predominantly used model. However, 105 of the 125 models extended their theoretical underpinnings, indicating a lack of maturity. Furthermore, the countries of study and authors’ expertise are predominantly clustered in the European and Asian regions, despite the study noting expansion into 16 different subject areas, far beyond the smaller manufacturing scope of Industry 4.0.
Originality/value
This study contributes theoretically by providing a baseline to develop a generalisable 4IR model grounded on existing acceptance trends identified. Practically, these insights demonstrate the current trends for strategists and policymakers to understand technology adoption within the 4IR to direct efforts that support innovation development, an increasingly crucial factor for survival in the digital age. Future research can investigate the additional constructs that were impactful while considering the level of research they were applied to.
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Time orientation as a proxy of culture can play an important role in promoting the industry and underpin the new field of “Islamic cultural finance.” This paper aims to…
Abstract
Purpose
Time orientation as a proxy of culture can play an important role in promoting the industry and underpin the new field of “Islamic cultural finance.” This paper aims to investigate the effect of time orientation on Islamic finance.
Design/methodology/approach
The dynamic generalized method of moments was used to study the influence of time orientation in 45 countries from 2012–2020 in the main analysis. Fixed-Effect Model was applied for the regional analysis.
Findings
Results indicate the existence of a significant effect of “time orientation” on Islamic finance. In regional comparison analysis, time orientation is not significant in some regions, such as non-Asian and Arab countries. The market is very limited in non-Asian countries, while similarities in scope between Islamic and conventional finance reduce the long-term orientation in Arab countries.
Practical implications
Improving the time orientation of weak countries enhances the industry’s status in those countries and pushes it to compete with the leading countries in the industry. Culture is a comprehensive framework that includes all factors located within it. While governance is imposed through regulation and procedures and raises the cost of business, culture is integral and built-in, and thus it is less expensive, and its presence is stronger, facilitating the applications of Islamic finance.
Originality/value
This paper proposed time orientation as a proxy for culture and extended the new domain of Islamic cultural finance using quantum (econometric) methods instead of surveys and questionnaires.