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1 – 10 of 11Yunice 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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This study explores the ethical challenges of integrating derivatives into Islamic finance. It aims to reconcile the principles of Shari’ah law with modern financial practices. It…
Abstract
Purpose
This study explores the ethical challenges of integrating derivatives into Islamic finance. It aims to reconcile the principles of Shari’ah law with modern financial practices. It seeks to understand how derivatives, characterised by their complexity and speculative nature, can align with Islamic moral values, ensuring financial stability and social equity.
Design/methodology/approach
Adopting a doctrinal legal research methodology, the investigation delves into primary and secondary sources encompassing the Quran, Hadith, contemporary scholarly articles, and regulatory documents. The approach enables a comprehensive analysis of Islamic legal texts and principles, assessing their applicability to derivatives within a framework emphasising Shari’ah compliance and ethical integrity.
Findings
The research identifies pathways for the ethical integration of derivatives in Islamic finance, highlighting the potential of these financial instruments to enhance economic justice and societal welfare when aligned with Shari’ah principles. It uncovers regulatory frameworks and innovative practices that can mitigate ethical dilemmas, ensuring derivatives contribute positively to the Islamic financial system.
Originality/value
This paper offers original insights into reconciling financial innovation with Islamic ethical mandates by applying a doctrinal legal research methodology to studying derivatives in Islamic finance. It contributes to the academic discourse on Islamic finance and ethics, providing a nuanced framework for developing Shari’ah-compliant derivative products that uphold the principles of risk-sharing, transparency and social equity. This investigation enriches the understanding of ethical practices in Islamic finance, proposing a model for balancing modern financial mechanisms with traditional Islamic values.
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Mehvish Nazir and Tahir Ahmad Wani
With the advent of metaverse, virtual influencers (VIs) are on the rise and so is their usage in advertisement of various products and services. This study aims to explore the…
Abstract
Purpose
With the advent of metaverse, virtual influencers (VIs) are on the rise and so is their usage in advertisement of various products and services. This study aims to explore the domain of sustainable marketing and presents whether a VI can be more effective than their human counterparts (HIs) when it comes to environmental messaging. The study uses the concept of message frames to check which message frame and influencer type leads to more effective communication and ultimately sustainable purchase decisions.
Design/methodology/approach
A 2 × 2 experimental design was employed to check the effect of the type of influencer (HI vs VIs) on message effectiveness using positive and negative message frames which ultimately affect the purchase intentions of the followers. A combination of two-way ANOVA along with PLS-SEM was used to validate the hypothesized relationships.
Findings
The findings from the structural equation modelling revealed that HIs still continue to be better at communicating environmental messages than VIs. Further, in lines with the previous research this study highlighted the importance of negative message frames in enhancing the effectiveness of posts related to environmental causes. Additionally, the study revealed a positive association between message effectiveness, consequential awareness, environmental activism and sustainable purchase intentions.
Originality/value
Though there is an emergent interest in VIs, scant literature exists on how they encourage sustainable consumer behaviour. This study attempts to fill this gap by assessing the comparison between VIs and HIs in terms of promoting sustainable consumption. It is a novel effort in the crossover of sustainable marketing and influencer marketing.
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Srividhya Raju Sridharan, Sagar Malsane and Govinda Shashikant Bhutada
The purpose of the paper is to analyse the sequence of forces acting as barriers in the usage of drones in the construction industry using interpretive structural modelling (ISM)…
Abstract
Purpose
The purpose of the paper is to analyse the sequence of forces acting as barriers in the usage of drones in the construction industry using interpretive structural modelling (ISM). The usage of drones in the construction industry is brought out phase-wise with the help of literature and live cases. Barriers to the usage of drones in construction and steps to derive the interaction between them are described in detail.
Design/methodology/approach
The extraction of barriers to the usage of drones in construction is done through cases and supported by the literature. The identification of the interaction between the barriers is done through multi-criteria decision models, namely, ISM and Matriced Impacts Croises Multiplication Appliquee a un Classement (MICMAC) and the results are presented in the form of a hierarchical structure. The paper highlights the potential for the usage of drones in every phase of construction across three stages of construction and eight different applications.
Findings
The findings on the interaction between barriers show that technical and research and development-related barriers have a higher driving power, ultimately influencing negativity among stakeholders in drone usage for construction. By analysing interrelationships between barriers, management can frame suitable strategies to adopt drone usage in projects. Awareness about the strength of certain barriers can help management take steps to mitigate the same.
Research limitations/implications
By analysing interrelationships between barriers, management can frame suitable strategies to adopt drone usage in projects. A major limitation is a restriction of the study area to the Indian subcontinent. However, the authors believe that the results can be applied across countries where drone technology is at the nascent stage.
Practical implications
Awareness about the strength of certain barriers can help stakeholders take steps to mitigate the same.
Social implications
The results of this research also give some inputs to the government’s drone policy for wider usage of drones in the construction industry.
Originality/value
To the best of the authors’ knowledge, most studies on drones in construction industry bring out a list various challenges to their adoption. In this study, the authors have gone further to perform a hierarchical sequencing of barriers to drone adoption based on challenges faced in an emerging economy like India.
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Masruri Muchtar, Ahmad Rodoni, Euis Amalia and Titi Dewi Warninda
This study aims to analyse the potential impacts of free trade agreement (FTA) between Indonesia and Organisation of Islamic Cooperation (OIC) countries by eliminating import…
Abstract
Purpose
This study aims to analyse the potential impacts of free trade agreement (FTA) between Indonesia and Organisation of Islamic Cooperation (OIC) countries by eliminating import tariffs in the halal food sector on welfare, gross domestic product (GDP) and trade balance. OIC countries as the second-largest organisation after the United Nations are the potential markets for the halal food industry.
Design/methodology/approach
This study used the Global Trade Analysis Project database version 10 by adopting a computable general equilibrium (CGE) model for two scenarios. The first scenario stated that Indonesia should conduct an FTA with ten potential OIC countries as export destination, while the second one stated that it should be conducted with all OIC countries.
Findings
Indonesia is predicted to get the highest increase in welfare by making an FTA with all OIC countries. Scenario 2 showed that Indonesia had much higher changes in real GDP with a positive change of 0.0018%. Even though it is projected to experience a surplus in the trade balance in both scenarios, Indonesia is predicted to experience a decline in exports for the particular halal food sector. The findings contribute some new insights to the existing literature, revealing an alignment between economic integration and the concept of international trade in Islam.
Research limitations/implications
The limitation of this study is the available data that cannot describe the population of all OIC countries. Only 31 countries out of a total of 56 OIC countries can be used in research. The scope of research is limited to analysing FTAs between Indonesia and OIC countries in the form of abolishing import tariffs and does not include non-tariff barrier issues such as halal certification.
Practical implications
The preferential trade agreement is considered relevant as Indonesia’s initial commitment to conduct a bilateral trade with ten selected OIC countries. The Indonesia Government, however, still needs to make several mitigation efforts in various sectors experiencing losses as a result of economic integration, such as by creating a more conducive business climate, supporting the sources of capital, facilitating bureaucratic affairs, as well as providing tax incentives.
Originality/value
This paper contributes to the literature by focusing on the critical aspects of the FTA’s impacts on halal food sectors by optimizing the reduction of import tariffs of OIC countries. Different from previous studies, this study applied a static CGE model to examine the impacts of FTA on macroeconomic indicators.
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Adobi Jessica Timiyo and Samuel Foli
This paper aims to systematically review the literature on knowledge leakage through social networks in the past decade to find existing gaps, identify potential risk factors…
Abstract
Purpose
This paper aims to systematically review the literature on knowledge leakage through social networks in the past decade to find existing gaps, identify potential risk factors while, ultimately, proposing ways of mitigating these factors.
Design/methodology/approach
This study adopted Preferred Reporting Items for Systematic reviews and Meta-Analysis as guide for searching relevant scholarly publications. Subject-specific and -related research papers were obtained from three databases, namely, Scopus, Web of Science and EBSCOhost. The review data was generated from the search results while adopting specific criteria to either accept or reject a particular publication during the search process.
Findings
Technological, operational and human knowledge factors are some of the risks resulting from knowledge leakage. Highlights of the paper include strategies for mitigating these factors, including continuous training, creating awareness, banning social media usage at work and reinforcing nondisclosure policies. This study also found potential gaps from the literature, categorized as topical, geographical, industrial, theoretical, methodological and conceptual gaps while proposing ways of addressing these gaps using specific research questions. These questions set the direction for future studies on knowledge leakage and social networks.
Originality/value
Implications of the findings are laid out, particularly the idea of developing actionable managerial plans for preventing knowledge leakage from occurring in organizations in the first place. The systematic, rigorous, transparent and methodological procedures used throughout the entire research process strongly suggest that the findings and conclusions are legitimate. While the findings were not drawn arbitrarily, they potentially offer windows of opportunities for bridging the six potential gaps identified in this paper.
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Giovanna Gavana, Pietro Gottardo and Anna Maria Moisello
This paper aims to study how corporate governance and country-related contextual factors affect the relationship between board gender diversity and environmental, social and…
Abstract
Purpose
This paper aims to study how corporate governance and country-related contextual factors affect the relationship between board gender diversity and environmental, social and governance (ESG) disclosure in its components: governance, social and environmental.
Design/methodology/approach
Using ordinary least-squares and two-stage least squares (2SLS) regressions, and retrieving ESG disclosure data from Bloomberg’s database, the paper analyses a sample of European nonfinancial listed firms (1,935 firm-year observations) over the period 2014–2022. The study adopts board independence and board cultural diversity as structural and demographic board attributes that characterize the corporate governance environment in which female directors operate; the enforcement of law and gender equality as country-related institutional and cultural factors.
Findings
Results suggest that female directors may substitute board independence in improving ESG and governance disclosure, whilst they co-occur with board cultural diversity in increasing ESG, governance and social disclosure. Findings indicate that the enforcement of law increases the positive effect of female directors on environmental disclosure and lowers the impact on governance disclosure. Conversely, a more gender-equal environment enhances female directors’ engagement in improving governance disclosure, reducing their beneficial effect on environmental information.
Originality/value
This study contributes to the literature suggesting that structural and other demographic board contextual aspects, as well as institutional and cultural country-related contextual factors, affect the relationship between board gender diversity and ESG disclosure differently and the effect may vary depending on ESG disclosure.
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Muhammad Farooq, Qadri Al-Jabri, Muhammad Tahir Khan, Asad Afzal Humayon and Saif Ullah
This study aims to investigate the relationship between corporate governance characteristics and the financial performance of both Islamic and conventional banks in the context of…
Abstract
Purpose
This study aims to investigate the relationship between corporate governance characteristics and the financial performance of both Islamic and conventional banks in the context of an emerging market, i.e. Malaysia.
Design/methodology/approach
This study includes 300 bank-year observations from Islamic and conventional banks over the period 2010–2021. The dynamic panel model (generalized method of moments [GMM]) was considered the primary estimation model that solves simultaneity, endogeneity and omitted variable problems as most governance variables are endogenous by nature. Hence, static models are considered biased after conducting the DWH test of endogeneity, and considering dynamic panel GMM is valid proven by Sargan and Hensen and first-order (ARI) and second-order (ARII) tests.
Findings
Based on the regression results, the authors discovered that board size, female participation in the board and director remuneration have a significant positive impact on bank performance, whereas board meetings have a significant negative impact. Furthermore, the board governance structure of commercial banks is found to be more passive than that of Islamic banks.
Practical implications
The study’s findings added a new dimension to governance research, which could be a valuable source of knowledge for policymakers, investors and regulators looking to improve existing governance mechanisms for better performance of conventional and Islamic banks.
Originality/value
The goal of this study is to add to the existing literature by focusing on the impact of female board participation and other board governance mechanisms in both conventional and Islamic banks on bank performance.
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Syed Imran Zaman, Angappa Gunasekaran, Sharfuddin Ahmed Khan and Hamza Muhammad Dawood
This research examines the influence of the digital voice of consumers (DVoC) on the resilience of supply chains (SCR) within the renewable energy sector. The main goal is to…
Abstract
Purpose
This research examines the influence of the digital voice of consumers (DVoC) on the resilience of supply chains (SCR) within the renewable energy sector. The main goal is to identify and highlight the crucial aspects that enable the examination of this impact.
Design/methodology/approach
A comprehensive literature analysis was performed utilizing the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) approach to ascertain pertinent factors. This research utilizes a comprehensive methodology that merges interpretive structural modeling (ISM) with Matrice d’Impacts Croisés Multiplication Appliquée à un Classement (MICMAC) analysis to assess the discovered variables.
Findings
The study identified 16 factors that contribute to both DVoC and SCR. Key influential factors include top management support, collaboration, feedback influence and flexibility. These factors play a significant role in enhancing SCR by facilitating better adaptation and response to disruptions.
Research limitations/implications
The study is confined to the renewable energy sector and may lack generalizability to other businesses without additional validation. Subsequent studies ought to investigate the implementation of these findings across various industrial contexts to enhance comprehension of DVoC’s influence on SCR.
Originality/value
This study presents a new integrated framework for comprehending the function of DVoC in improving SCR. It presents significant practical consequences for stakeholders in the renewable energy sector, such as researchers, regulators, manufacturers and consumers, highlighting the necessity for a resilient and flexible supply chain.
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Zijun Lin, Chaoqun Ma, Olaf Weber and Yi-Shuai Ren
The purpose of this study is to map the intellectual structure of sustainable finance and accounting (SFA) literature by identifying the influential aspects, main research streams…
Abstract
Purpose
The purpose of this study is to map the intellectual structure of sustainable finance and accounting (SFA) literature by identifying the influential aspects, main research streams and future research directions in SFA.
Design/methodology/approach
The results are obtained using bibliometric citation analysis and content analysis to conduct a bibliometric review of the intersection of sustainable finance and sustainable accounting using a sample of 795 articles published between 1991 and November 2023.
Findings
The most influential factors in the SFA literature are identified, highlighting three primary areas of research: corporate social responsibility and environmental disclosure; financial and economic performance; and regulations and standards.
Practical implications
SFA has experienced rapid development in recent years. The results identify the current research domain, guide potential future research directions, serve as a reference for SFA and provide inspiration to policymakers.
Social implications
SFA typically encompasses sustainable corporate business practices and investments. This study contributes to broader social impacts by promoting improved corporate practices and sustainability.
Originality/value
This study expands on previous research on SFA. The authors identify significant aspects of the SFA literature, such as the most studied nations, leading journals, authors and trending publications. In addition, the authors provide an overview of the three major streams of the SFA literature and propose various potential future research directions, inspiring both academic research and policymaking.
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