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Article
Publication date: 8 November 2018

Leena Afroz Mostofa Chowdhury, Tarek Rana, Mahmuda Akter and Mahfuzul Hoque

The purpose of this paper is to investigate the influence of intellectual capital (IC) on financial performance and, in turn, to provide insights into its impact on emerging…

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Abstract

Purpose

The purpose of this paper is to investigate the influence of intellectual capital (IC) on financial performance and, in turn, to provide insights into its impact on emerging economies.

Design/methodology/approach

Data were collected from 34 textile firms in Bangladesh between 2013 and 2017. The IC efficiency, through value-added intellectual coefficient (VAIC) model, and its impact on financial performance, through return on assets (ROA), return on equity and asset turnover (ATO), was examined using descriptive statistics and multiple regression techniques. The analysis is based on secondary data obtained from annual reports.

Findings

The results indicate the impact of VAIC components on financial performance and also demonstrate diverse relationships with changes in financial indicators. The VAIC components significantly influenced productivity outcomes, with tangible capital playing a major role in both productivity and profitability. Moreover, it was found that structural capital had a considerable effect on ATO and ROA with human capital indicating an insignificant impact on all financial performance indicators.

Research limitations/implications

The research outcome is specific to the textile industry in emerging economies. The study may guide future research on IC performance in textile firms and cross-industry comparisons.

Practical implications

Managers, firm owners and regulators need to align IC to performance management to sustain the competitive advantage in globalised competitive settings.

Originality/value

The study provides an empirical evidence and extends knowledge of IC utilisation for enhancing the financial performance of the textile firms in emerging economies.

Details

Journal of Accounting & Organizational Change, vol. 14 no. 4
Type: Research Article
ISSN: 1832-5912

Keywords

Available. Open Access. Open Access
Article
Publication date: 10 January 2025

Sohag Ahmed Sunny and Mahfuzul Hoque

This study investigates the moderating role of nomination and remuneration committees on the relationships between board characteristics and the financial performance of listed…

129

Abstract

Purpose

This study investigates the moderating role of nomination and remuneration committees on the relationships between board characteristics and the financial performance of listed textile businesses in Bangladesh.

Design/methodology/approach

The study utilises the theoretical frameworks of agency, resource dependence and stakeholder theories. The study investigates the moderating effect of nomination committees using regression analysis by evaluating a sample of 270 firm-year observations from 2016 to 2021.

Findings

The results reveal that nomination committee presence enhances the performance benefits of larger board size and frequent meetings but negatively reinforces the detrimental effects of excessive independent directors lacking firm-specific expertise. Female board representation demonstrates an unexpected negative association, implying suboptimal selection.

Research limitations/implications

Overall, nuanced moderating effects of nomination committees on board characteristic-performance relationships are evidenced. This timely study contributes empirical evidence on an underexplored area and provides a foundation to advance academic literature on the linkages between nomination committees, corporate boards and firm-level outcomes. Further research avenues are highlighted.

Practical implications

The findings have salient implications for enhancing board competency and engagement, reforming nomination committee policies towards competency-based nominations and discouraging token appointments to fulfil regulatory mandates on board diversity.

Originality/value

This is the first study to provide insights into the moderating effects of nomination committees on board characteristic-performance relationships in Bangladesh’s textile industry.

研究目的

本研究擬探討提名及薪酬委員會在董事會特性與在孟加拉的上市紡織公司的財務表現之間的關係上所扮演的調節角色。

研究設計/方法/理念

研究人員採用代理理論、資源依赖理論和持份者理論來進行研究。研究人員使用迴歸分析,透過評估一個涵蓋2016年至2021年期間共270個企業年度觀察的樣本,來探討提名委員會的調節作用。

研究結果

研究結果顯示,提名委員會的存在,會提升董事會的性能優勢: 董事會的規模會較大,而且,董事會開會的頻率亦會增加。唯提名委員會的存在卻會負面地加強過度獨立而又欠缺行業特定的專業知識的董事所帶來的不利影響。研究結果亦顯示,若女性擁有董事會的代表權,這會出乎意料地帶來負面的關聯,這意味著挑選女性並不是一個令人滿意的選擇。

研究的局限/啟示

總的來說,提名委員會對董事會特性與表現之間的關聯起著有細緻差別的調節作用,這是已被證實的。本研究適時地為這個未充分探索的領域提供經驗證據; 本研究亦提供一個基礎,使探討提名委員會、公司董事會和公司層面的成果三者間之關聯的學術文獻得以進展,就這方面而言,本研究作出了貢獻。

實務方面的啟示

研究結果就提升董事會的能力和參與的積極性,改革欲達基於能力的提名委員會政策,以及阻止為符合董事會多元化方面的法規要求而作的象徵性任命這三方面,提供了重要的啟示。

研究的原創性/價值

本研究為首個學術研究,就於孟加拉紡織工業裏,提名委員會在董事會特性與財務績效間的關聯上所發揮的調節作用,提供了啟示。

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Article
Publication date: 18 March 2019

Salah Uddin Rajib, Pawan Adhikari, Mahfuzul Hoque and Mahmuda Akter

The purpose of this paper is to examine public sector accounting reforms, mainly the adoption and implementation of the Cash Basis International Public Sector Accounting Standard…

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Abstract

Purpose

The purpose of this paper is to examine public sector accounting reforms, mainly the adoption and implementation of the Cash Basis International Public Sector Accounting Standard (IPSAS) in the Central Government of Bangladesh.

Design/methodology/approach

Drawing on the ideas of new institutionalism, the paper investigates the factors which have forced the country to accept the Cash Basis IPSAS but have delayed its implementation in practice.

Findings

Different approaches towards the Cash Basis IPSAS are now distinct in the Central Government of Bangladesh. Differences between Bangladesh and other emerging economies have been narrowed as the potency of institutional pressures has increased, and there is a risk, as experienced in other emerging economies, that the very adoption of the Cash Basis IPSAS may remain more a rhetoric than a reality in Bangladesh. The paper demonstrates that the extent to which professional accountants and their associations participate in reforms determines the public sector accounting reform trajectories in emerging economies.

Practical implications

The paper demonstrates that reforms driven by indigenous administrators can have the potential of becoming more instrumental in emerging economies than the externally propagated reforms, such as IPSASs and accrual accounting. What is important is to advance incrementally those public sector accounting reforms that local administrators have identified as important, that they could cope with their existing knowledge and capacity, and that they are interested in engaging with the reform process.

Originality/value

First, the study has contributed to extending neo-institutional theory by bringing out the responses of different stakeholders responsible for implementing public sector accounting reforms, mainly the Cash Basis IPSAS, in practice. Next, the paper has raised a question as to whether the Cash Basis IPSAS could be an appropriate reform measure for the central government of Bangladesh.

Details

Journal of Accounting in Emerging Economies, vol. 9 no. 1
Type: Research Article
ISSN: 2042-1168

Keywords

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