Masagus M. Ridhwan, Affandi Ismail and Peter Nijkamp
Empirical studies regarding the impact of the real exchange rate (RER) on economic growth are extensively available. However, the literature as a whole appears to report varying…
Abstract
Purpose
Empirical studies regarding the impact of the real exchange rate (RER) on economic growth are extensively available. However, the literature as a whole appears to report varying results, while the causes of such differences have not been analyzed systematically. The present study aims to fill the gap in the literature.
Design/methodology/approach
In this paper, the authors compile 543 empirical estimates from 51 studies of the exchange rate-growth nexus in order to meta-analyze its relationship. Meta-analysis allows the authors to quantitatively synthesize previous empirical studies and explain the variation in the results. This method also enables us to investigate the possibility of publication bias, as there is a tendency in research only to report results that are both statistically significant and show the expected signs.
Findings
After addressing publication bias and heterogeneity in the estimates, the meta-regression results show that RER depreciation (or undervaluation) genuinely favors economic growth. On average, RER depreciation has a greater impact on economic growth in developing countries than the developed ones. The study’s results imply that maintaining an undervalued RER could be favorable to spur economic growth, especially in developing countries.
Originality/value
Initially predominant in the medical literature, meta-analysis has been on a rising edge in economics. This progress has produced many systematic quantitative review analyses with continuously improved statistical-econometric practices related to economic variables. However, to the authors’ knowledge, no comprehensive meta-regression analysis of the relationship between exchange rate and economic growth has been conducted and published in any publicly accessible academic outlet. Therefore, this study aims to fill this gap in the literature.
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Widiyanto bin Mislan Cokro Hadisumarto and Abdul Ghafar B. Ismail
The purpose of this paper is to suggest a way to improve the effectiveness of Islamic micro‐financing in Indonesia.
Abstract
Purpose
The purpose of this paper is to suggest a way to improve the effectiveness of Islamic micro‐financing in Indonesia.
Design/methodology/approach
The approach taken to measure and evaluate the effectiveness of micro‐financing is to point out the change of micro‐enterprises' business performance and then develop a concept based on the research findings and literature review.
Findings
The implementation of Islamic micro‐financing, which was preceded by selection process of micro‐enterprises and also accompanied by business control, incentive system, and construct good relationship, is effective in developing micro‐enterprises and improving the household income. However, an integrated program as an effort to improve the effectiveness of Islamic micro‐financing is still necessary.
Practical implications
Micro‐enterprises' development requires not only provision of financing in an interest free‐based system, but it also needs the provision of other services. For the purpose of holistic approach for micro‐enterprises' development and poverty alleviation, the spiritual development, especially via internalizing Islamic moral values in an entrepreneur's consciousness, is also necessary. In addition, poverty alleviation will be successful if Islamic financing is conducted in many areas, and the government takes part in this program.
Originality/value
This paper shows how, in the Islamic perspective, spiritual development is necessary in improving the effectiveness of financing.
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Mohd Hairul Mohd Salleh, Yuzine Esa and Rozihan Mohamed
Most Asians are directly or indirectly dependent on agriculture, and most live in rural areas. Since Asia is primarily an agricultural economy, rural tourism and agrotourism are…
Abstract
Most Asians are directly or indirectly dependent on agriculture, and most live in rural areas. Since Asia is primarily an agricultural economy, rural tourism and agrotourism are critical in enabling growth. Agrotourism is a term that refers to the fusion of tourism and agriculture. The freshwater turtles (Batagur sp.) are a group of six turtles that once roamed southern Asia's great rivers and estuaries from the Indian Subcontinent to the Indonesian islands. Therefore, this review is to investigate the current state of agrotourism in Batagur sp. conservation and assess the associated challenges and opportunities. This review paper recognized the impacts and benefits for the rural site as an agrotourism industry. Moreover, three initiatives in Batagur sp. conservation programs were also discussed. Agrotourism, with a focus on the conservation of Batagur sp., is a vital driver of economic growth in rural Asian regions. It diversifies rural communities' income sources, enhancing economic stability and resilience.
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Aas Nurasyiah, Miyasto Miyasto, Tatik Mariyanti and Irfan Syauqi Beik
The purpose of this paper is to investigate the socio-economic factors that will affect women’s empowerment from an Islamic perspective (the Tawhidi epistemological approach) and…
Abstract
Purpose
The purpose of this paper is to investigate the socio-economic factors that will affect women’s empowerment from an Islamic perspective (the Tawhidi epistemological approach) and the impact of women’s empowerment on reducing family poverty.
Design/methodology/approach
Using a quantitative approach to see the relationship between research variables with structural equation model-partial least squares as the analysis tool.
Findings
In general, socio-economic variables had direct and indirect effects on reducing family poverty. In addition, the variable of women’s empowerment in an Islamic perspective can strengthen the influence of socio-economic variables on the alleviation of family poverty.
Research limitations/implications
The limitation of this research lies in the use of religiosity as an indicator with some constraints and the inclusion of all the necessary dimensions of a Muslim family. Additionally, because of the scope of the present research, the results may not be applicable in different areas, especially countries with distinctive characteristics such as having Muslims as the major population. On the other hand, the results of this research may provide comprehensive indicators of empowered Muslim women which enable the correlation between the socio-economic factors and women’s empowerment and how women’s empowerment can contribute to the alleviation of family poverty from the perspective of Islam.
Originality/value
This research provides new insights into the variable of women’s empowerment measured using the Islamic paradigm (Tawhidi epistemology) and includes religiosity as a variable that directly and indirectly influences the reduction of family poverty.
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Gözde Konuk Ege, Hüseyin Yüce, Özge Akay, Hasbi Öner and Garip Genç
This paper aims to address the production of biocomposite nanofibers using luffa natural fibers and polyaniline conductive polymer/polyethylene oxides (PANI/PEO).
Abstract
Purpose
This paper aims to address the production of biocomposite nanofibers using luffa natural fibers and polyaniline conductive polymer/polyethylene oxides (PANI/PEO).
Design/methodology/approach
In this study, luffa natural fibers are extracted by chemical method. After mixing the treated luffa (TL) with the PANI/PEO solution, TL/PANI/PEO nanofibers were produced by electrospinning (ES) method under different ES parameters to examine the optimal conditions for nanofiber production. Then TL/PANI/PEO biocomposite nanofibers prepared in different weight ratios were produced to analyze the effects of luffa in the morphology and thermal properties of the biocomposite nanofibers. The characterization analysis of TL/PANI/PEO biocomposite nanofibers was performed by scanning electron microscopy, Fourier transform infrared spectroscopy (FTIR) and differential scanning calorimetry (DSC) analysis methods.
Findings
The analysis shows that different weight ratios of TL to PANI/PEO changed the morphology of the membrane. When increasing the weight ratio of TL, the morphological structure of TL/PANI/PEO transformed from nanofiber structure to thin film structure. The appearance of O—H peaks in the FTIR results proved the existence of TL in PANI/PEO nanofibers (membrane). Moreover, an increase in the weight ratio of luffa from 2% to 7.5% leads to an increase in the peak intensity of the O—H group. Regarding DSC analysis, biocomposite nanofibers improved the thermal properties. According to all results, 2%wt TL/PANI/PEO showed optimal morphological properties.
Originality/value
Plant cellulose was extracted from the luffa, one of the natural fibers, by method of alkali treatment. A new type of biocomposite nanofibers was produced using TL blend with PANI via electrospinning method.
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Nelly Nelly, Harjanto Prabowo, Agustinus Bandur and Elidjen Elidjen
The major purpose of this paper is to examine the mediating role of job competency in the effect of transformational leadership to performance of university lecturers. This…
Abstract
Purpose
The major purpose of this paper is to examine the mediating role of job competency in the effect of transformational leadership to performance of university lecturers. This article also attempts to examine the direct effect of transformational leadership on job competency and lecturer performance.
Design/methodology/approach
For the purpose of the study, quantitative research was applied by conducting an empirical survey with the active participation of 223 lecturers. The survey was conducted in ten high-ranked private universities in Jakarta, Indonesia. Structural equation modeling (SEM) was employed for the measurement and structural model analyses.
Findings
The results reveal that the effect of transformational leadership on lecturer performance is expressed only by indirect effect (through lecturer competency). Even though transformational leadership has a positive direct effect on lecturer performance, it is not statistically significant. This paper highlights the crucial role of lecturer competency in the performance of academic scholars. The findings suggest transformational leadership is fundamental in fostering competencies, which, in turn, improve the work performance of university lecturers.
Originality/value
This study makes significant contributions to the understanding of the interaction between transformational leadership and performance in higher education, and the statistical significance of lecturer work competency in mediating this relationship. The results of this study provide a snapshot of the contextual mechanism linking transformational leadership and lecturer performance.
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Gulshan Babber and Amit Mittal
The purpose of this study is to learn how the incorporation and use of leanness, agility and innovation in Indian manufacturing micro, small and medium enterprises (MSMEs) affect…
Abstract
Purpose
The purpose of this study is to learn how the incorporation and use of leanness, agility and innovation in Indian manufacturing micro, small and medium enterprises (MSMEs) affect their bottom lines and how much these factors contribute to the MSMEs’ ability to meet their long-term sustainability goals.
Design/methodology/approach
The suggested model was subjected to data validation and additional empirical validation using a sample of 411 Indian manufacturing MSMEs. The analysis of construct measures is conducted through the utilization of confirmatory factor analysis, a statistical technique that is grounded in the theoretical framework of structural equation modeling (SEM). In addition, path model analysis was applied for the purpose to validate the assumptions that were included in the structural models.
Findings
Consistent with the proposed model, the findings of this study demonstrate that leanness, agility and innovation have a substantial favorable impact on the sustainability of a company’s performance. These findings may be helpful in gaining professionals, academics and policymakers to acknowledge the significance of leanness, agility and innovation in enhancing the long-term sustainability of MSMEs and enhancing the overall performance of a particular company. This research excluded the service industries-based research papers.
Research limitations/implications
Many research in the field of manufacturing industries that have adopted leanness, agility, innovativeness and sustainability as individual approaches or as a collective methodology of two or more were considered in the current study. This research excluded the service industries-based research papers.
Practical implications
This literature review has recognized and analyzed various dimensions and roles of leanness, agility, innovativeness and sustainability that are prevalent in manufacturing industries that include the positive and negative effects on the performance of the industries. The research enlightens the path and shows future directions for research to develop efficient, effective and sustainable manufacturing industries.
Social implications
By promoting the concept of focusing on the “human factor”, namely, stakeholder perspectives, the MSME sector is propagating a strategy that moves away from an excessive focus on technology and toward a more humane one. Through the application of the three key concepts of leanness, agility and innovation, this work aims to create a framework for measuring the sustainability performance of micro-, small- and medium-sized enterprises (MSMEs), with the ultimate goal of assisting the country in achieving the Sustainable Development Goals in the fields of industry, innovation and infrastructure by supporting environmentally friendly and resource-conserving businesses that give back to society and the natural environment.
Originality/value
The objective of this research is to assess the importance and effectiveness of integrating various approaches such as leanness, agility, innovativeness and sustainability within the framework of manufacturing micro, small, and medium enterprises (MSMEs). The authors hope that by going further into these concepts, they will be able to broaden their understanding and get a more comprehensive insight into the role that these concepts play and how they might be successfully used within this environment.
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Aas Nurasyiah, Dhealika Syamputri, Rumaisah Azizah Al Adawiyah, A. Jajang Warya Mahri and Abdul Ghafar Ismail
This paper aims to get an overview and determine the effect of the level of application of Islamic wealth management (IWM) and the level of business continuity of Muslim owners in…
Abstract
Purpose
This paper aims to get an overview and determine the effect of the level of application of Islamic wealth management (IWM) and the level of business continuity of Muslim owners in influencing the level of household prosperity of Muslim micro, small and medium enterprise (MSME) owners during the Covid-19 pandemic.
Design/methodology/approach
The method of hypothesis testing is carried out through a quantitative approach. The type of analysis tool used is partial least square-structural equation modeling. The sample used is 212 Muslim MSME owners in Indonesia.
Findings
The results showed that the level of application of IWM, the level of business sustainability and the level of household prosperity of Muslim MSME owners were in the high category. All variables in this study showed positive and significant results.
Research limitations/implications
The research conducted is still limited to households that act as MSME actors, so the respondents who are in it are still not diverse. Also, limited research tools and pandemic conditions led to filling out questionnaires based on respondents’ subjective views and difficulty asking questions when questions were not understood.
Originality/value
This research provides new insights focusing on the relationship between the variable level of application of IWM in influencing the welfare level of Muslim households who have MSMEs, where there is a role for the level of business sustainability as a mediator variable.
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Eugénia Pedro, João Leitão and Helena Alves
The purpose of this paper is to determine the predominant classification of intellectual capital (IC), in terms of components, using the literature of reference on the…
Abstract
Purpose
The purpose of this paper is to determine the predominant classification of intellectual capital (IC), in terms of components, using the literature of reference on the relationship between IC and performance and considering multi-dimensional analysis axes (MAAs): organisational, regional and national.
Design/methodology/approach
A systematic literature review (SLR) is presented focussing on empirical studies on IC published in the period 1960-2016. A protocol for action is defined and a research question is raised, gathering data from the databases of: Web of Science, Scopus and Google Scholar. A social network analysis is also provided to determine the type of networks embracing groups, IC individual components and performance type.
Findings
Of the 777 papers included in the SLR, 189 deal with the relationship between IC and performance. The paper highlights the greater development of empirical studies starting from 2004; the organisational MAA is the most studied. The most frequently used groups of components in studies dealing with IC’s influence on performance corresponds to a triad of human capital; structural (organisational or process) capital; and relational (social or customer) capital, which determine positively the performance of organisations/regions/countries, but their influence is not linear and depends on various factors associated with the context and surrounding environment.
Practical implications
This study has wide-ranging implications for politicians/governments, managers and academics, providing empirical evidence about the relationships between the components of IC and performance, by MAAs, and a global vision and better understanding of how those IC components have developed and how they are related to performance.
Originality/value
Due to the high number of references covering a wide range of disciplines and the various dimensions (e.g. organisational, regional and national) that form IC, it becomes fundamental to carry out an SRL and systematise its MAAs to deepen knowledge about what has been discovered/developed in this domain, in terms of empirical studies, in order to situate the topic in a wider theoretical-practical context. The paper is exceptionally wide-ranging, covering the period 1960-2016. It is one of the first clarifying studies on systemisation of the literature on IC, by MAA, and an in-depth study of IC’s impact on the performance of organisations/regions and countries which may serve as a guideline for future studies using the taxonomy proposed.
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Hani El-Chaarani, Tariq H. Ismail, Zouhour El-Abiad and Mohamed Samy El-Deeb
The aim of this paper has twofold: (1) to explain and compare the financial evolution of Islamic and conventional banking sector in the Gulf Cooperative Council (GCC) countries…
Abstract
Purpose
The aim of this paper has twofold: (1) to explain and compare the financial evolution of Islamic and conventional banking sector in the Gulf Cooperative Council (GCC) countries before and during the COVID-19 pandemic and (2) to explore the key success factors that might affect Islamic and conventional banks performance before and mainly during COVID-19 pandemic period.
Design/methodology/approach
Orbis Bank Focus database and annual financial reports are used to collect financial information of Islamic and conventional banks in GCC countries over four years: 2017, 2018, 2019 and 2020. Descriptive statistics, T-test, multiple regression, and 2SLS and GMM models are employed to analyze the financial structure and performance of Islamic and conventional banks before and during the COVID-19 pandemic period.
Findings
Results of this study reveal that (1) there is a significant difference between Islamic banks and conventional banks during the crisis of COVID-19, where the conventional banks have presented a higher level of financial performance and financial liquidity than their Islamic counterparts, (2) conventional banks have revealed higher capacity to manage their financial risk during the crisis period, and (3) a high level of non-performing loan, high inflation rate and high percentage of non-important cost have a negative impact on the financial performance of Islamic banks mainly during the pandemic period of COVID-19. However, the result indicates that a high level of liquidity risk increased the performance of Islamic banks but this impact falls sharply during the pandemic period.
Originality/value
This study provides information that supports investors, regulators and executive managers in GCC countries. A well-structured balance sheet would improve the financial performance and risk management of the banking sector in GCC countries, especially in times of crisis and pandemics.