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Article
Publication date: 1 August 2016

Md Nazmul Hasan

Drawing on the “ISO 26000: 2010 – Guidance on social responsibility” handbook, this paper aims to investigate the extent to which Bangladeshi small- and medium-sized manufacturing…

1165

Abstract

Purpose

Drawing on the “ISO 26000: 2010 – Guidance on social responsibility” handbook, this paper aims to investigate the extent to which Bangladeshi small- and medium-sized manufacturing enterprises (SMEs) are incorporating social responsibility (SR)/sustainability into their regular business activities. It is also aimed at providing insights into how Bangladeshi SME owner-managers perceive the concept of SR, and exploring the key drivers of and barriers to socially responsible and sustainable business practices.

Design/methodology/approach

A mixed-method research was carried out in two sequential phases. During the first phase, 110 printed questionnaires (59 of which were eventually used) were distributed among the owner-managers of the selected SMEs. The second phase involved seven in-depth semi-structured interviews.

Findings

The findings reconfirm the existence of the so called “attitude-behaviour” gap. The barriers that hinder the sustainable engagement of SMEs include corruption, a weak regulatory environment, inefficient or ill-suited government and external support and a lack of awareness of the environmental aspects of SR. In addition, this research reveals that Bangladeshi manufacturing SMEs do, to a certain degree, implement SR; only those few issues that suit the owner-managers’ personal motives are addressed, while many others (e.g. environmental issues) are neglected. Finally, it has been found that the business type and size, and the owner-managers’ educational attainments have no significant influence on the degree of adoption of socially responsible business practices by Bangladeshi manufacturing SMEs.

Originality/value

This paper develops a tool suited to meaningfully assess the socially responsible and sustainable business activities of SMEs. By using the four key elements identified in ISO 26000, namely, labour practices, the environment, consumer issues and community involvement and development, and by using an innovative and effective technique, a sustainability score and implementation level were calculated quantitatively for the selected SMEs. The tool developed here can be used to study the sustainability related issues faced by SMEs based in other low-income developing countries.

Details

Social Responsibility Journal, vol. 12 no. 3
Type: Research Article
ISSN: 1747-1117

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Article
Publication date: 2 February 2023

Md Noman Hossain and Md Nazmul Hasan Bhuyan

The extant literature provides evidence that single CEOs are less risk-averse. Building on the theory of risk aversion, the authors argue that the risk aversion trait arising from…

366

Abstract

Purpose

The extant literature provides evidence that single CEOs are less risk-averse. Building on the theory of risk aversion, the authors argue that the risk aversion trait arising from CEO’s marital status partially explains capital allocation efficiency. The paper aims to examine the association between CEO marital status and capital allocation efficiency.

Design/methodology/approach

The primary sample includes 9,671 observations from 1,264 US firms. The authors apply multivariate regression and a series of endogeneity tests to examine the association between CEO marital status and capital allocation efficiency.

Findings

Single-CEO firms have higher capital allocation inefficiency than those with married CEOs. The findings continue to hold after a series of endogeneity tests such as propensity score matching, change analysis and instrumental variable regression analysis and are robust to alternative proxies for capital allocation inefficiency. The capital allocation inefficiency in single-CEO firms arises from overinvestment but not underinvestment, and corporate risk-taking channels the effect.

Research limitations/implications

The study is limited to the effect of CEO marital status, not CEO marital quality.

Practical implications

The findings imply that besides information asymmetry and agency conflicts, CEO marital status should receive special attention for capital allocation efficiency. Also, marital status influences the CEOs’ commitment to the general good of society, affecting the potential conflict of interest with different stakeholders from inefficient capital allocation.

Originality/value

This study extends corporate finance literature on CEO marital status by providing novel evidence on the effect of single CEOs on capital allocation efficiency. The authors conclude that CEOs’ personality traits, such as marital status, matter in corporate policy choices.

Details

International Journal of Managerial Finance, vol. 19 no. 5
Type: Research Article
ISSN: 1743-9132

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Book part
Publication date: 22 November 2024

Syed Far Abid Hossain, Arfan Shahriar, Nazmul Hasan Wanjan, Dewan Nailat Islam Neera, Juairya Ashger Khan and Zarin Tasnim Nira

In this research, we magnify the role of hybrid leadership style in facing uncertain turbulence in the market. Due to the rapid change in innovation and other macroeconomic…

Abstract

In this research, we magnify the role of hybrid leadership style in facing uncertain turbulence in the market. Due to the rapid change in innovation and other macroeconomic developments, the already existing market turbulence has become uncertain. This uncertainty has further been accentuated by recent events like COVID-19 and Russia–Ukraine invasion. One solution that is crucial in facing this uncertainty is effective leadership. However, taking the wide groups of individuals present in the market into account, this leadership has to be tailored for each, and this is where the topic for this research, hybrid leadership style to face uncertain market turbulence, comes to play. Here, we gather the existing roles of different leadership styles in different businesses that help in facing the uncertainties and explore the possibilities of new ones. This work can therefore act as a guide to practice hybrid leadership style during market turbulences where following a single specific style may prove unhelpful or lead to dissatisfaction and even aggravation.

Details

Creating Pathways for Prosperity
Type: Book
ISBN: 978-1-83549-122-5

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Article
Publication date: 5 June 2009

Shariful Islam and Nazmul Hasan

The purpose of this paper is to discuss multipurpose community information and knowledge centres (MCTs) and then describes and assesses the telecommunication facilities (and hence…

2497

Abstract

Purpose

The purpose of this paper is to discuss multipurpose community information and knowledge centres (MCTs) and then describes and assesses the telecommunication facilities (and hence information access and provision) of such telecentres in Bangladesh including radio, television, telephone and internet facilities. The paper then highlights problems and prospects, in rural areas of Bangladesh, of information access through the telecentres.

Design/methodology/approach

The paper is based on a review of literature collected through the internet, personal visits and other secondary sources such as research reports and articles.

Findings

The paper highlights the existing MCT initiatives in rural Bangladesh and discusses their problems and prospects.

Originality/value

The paper is one of the very few studies which focuses on the prospects of MCTs for rural Bangladesh, particularly as regards information and knowledge access and provision, and proposes future directions for the development of MCTs in Bangladesh.

Details

The Electronic Library, vol. 27 no. 3
Type: Research Article
ISSN: 0264-0473

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Available. Content available
Article
Publication date: 16 November 2010

443

Abstract

Details

The Electronic Library, vol. 28 no. 6
Type: Research Article
ISSN: 0264-0473

Available. Content available
Book part
Publication date: 22 November 2024

Free Access. Free Access

Abstract

Details

Creating Pathways for Prosperity
Type: Book
ISBN: 978-1-83549-122-5

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Article
Publication date: 10 December 2020

Ikramul Hasan, M. Nazmul Islam and Sariat Rafa Khan

This study illustrates the effects of the motivating factors (e.g. learning facilities, employees' compensation and working environment) on organizational attractiveness.

710

Abstract

Purpose

This study illustrates the effects of the motivating factors (e.g. learning facilities, employees' compensation and working environment) on organizational attractiveness.

Design/methodology/approach

This is a quantitative study. This study investigates the hypotheses based on the 160 employee responses from the different garments operating in Bangladesh's ready-made garment (RMGs) industry.

Findings

Using the structural equation modeling in Bangladesh's RMG industry, this paper argues that the working environment has a significant effect on organizational attractiveness in Bangladesh's RMG industry. This research study underlines that the working environment and employee compensations serve better than the employees learning facilities to grow employees RMG attraction.

Research limitations/implications

The findings will help practitioners of the garment manufacturers to showcase the motivating factors for the employees in growing attraction for the industry. However, the research is limited to the garment industry in Dhaka, Bangladesh. Moreover, similar research can be extended further in other countries with bigger samples to draw a general conclusion for the RMGs' operating in Asia.

Practical implications

This paper brings a plea for the practitioners through this research's outcomes and provides useful indications of how organizations can motivate their employees to ensure organizational attractiveness for their garment industry.

Originality/value

The paper also contributes to the body of the literature relating to attractiveness in Bangladesh's RMG sector. Employees' participation in this research also confirms the unique context of the sector.

Details

International Journal of Emerging Markets, vol. 17 no. 5
Type: Research Article
ISSN: 1746-8809

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Article
Publication date: 9 March 2023

Md. Nazmul Haque, S.K. Farjana Faruk Nitu and Mehedi Hasan

In Bangladesh (a middle-income and densely populated country) where socio-economic factors act badly on human activities during COVID-19. This research mainly focused on observing…

85

Abstract

Purpose

In Bangladesh (a middle-income and densely populated country) where socio-economic factors act badly on human activities during COVID-19. This research mainly focused on observing the socio-economic aspects of the Pandemic on human life between city and municipal areas.

Design/methodology/approach

This research relied on Khulna City Corporation (KCC) and Paikgacha Municipality of Bangladesh. A random sampling technique was adopted for choosing 622 stakeholders (318 in the city and 304 in the municipal area). Here, the socio-economic factors have been fixed based on the literature review and expert opinion. This study explored two mainstream social and economic issues affected by the Pandemic. Several statistical tests were performed to find the relationship among Socio-economic factors.

Findings

The study shows that the Pandemic caused great harm to city areas rather than municipal areas. The city is faced with tremendous pressure on the economic aspect as well. Besides, the pandemic affects savings, education sectors, food habits and other factors in both areas. The trip distribution also differs between the study areas and the mobility pattern shows that people migrated to rural areas from city space during the Pandemic.

Originality/value

This research will assist in focusing on a micro-level perspective in the future to analyze socio-economic changes. Moreover, it can help to point out the administrative prospects in the future.

Details

International Journal of Social Economics, vol. 50 no. 9
Type: Research Article
ISSN: 0306-8293

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Article
Publication date: 1 May 2020

M. Nazmul Islam, Fumitaka Furuoka and Aida Idris

The purpose of this paper is to propose a conceptual framework for ensuring employee championing behavior (ECB) during organizational change for business organizations in…

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Abstract

Purpose

The purpose of this paper is to propose a conceptual framework for ensuring employee championing behavior (ECB) during organizational change for business organizations in Bangladesh.

Design/methodology/approach

On the basis of previous literature, this paper proposed a framework for ensuring ECB during organizational change.

Findings

This paper proposed transformational leadership (TL), which enhances the championing behavior of the employee. In addition, valence, work engagement and trust in leadership act as potential mediators between TL and championing behavior. This paper also proposed organizational alignment (OA) as a potential moderator that influences ECB in the context of organizational change.

Research limitations/implications

This paper highlights numerous influential factors that enhance ECB. This proposed conceptual framework will be validated by the empirical evidence in future research.

Practical implications

This paper provides new insights for business leaders to understand the importance of ECB during organizational change. Moreover, this research underlined the effectiveness of valence, work engagement and trust in leadership and OA to nurture ECB in the time of organizational change, which helps managers of the business organizations to make efficient strategies to tackle organizational change.

Originality/value

This paper adopted Kurt Lewin’s change management theory and integrated with different factors associated with organizational change (TL, valence, work engagement, trust in leadership and OA) to propose a model to understand the mechanism of enhancing ECB in the context of change in Bangladesh’s business organizations.

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Article
Publication date: 26 January 2023

Md. Mahmudul Alam, Muhammad Nazmul Hoque and Ruhaini Muda

The Maqāṣid (objective) hierarchy is a triple-tiered conceptualisation of individual and social needs that is grounded in the five objectives of Sharīʿah (Islamic Law)…

266

Abstract

Purpose

The Maqāṣid (objective) hierarchy is a triple-tiered conceptualisation of individual and social needs that is grounded in the five objectives of Sharīʿah (Islamic Law). Managerialism is the ideological representation of human interaction based on managerial doctrines and practices. This paper aims to explore the tension between the Maqāṣid hierarchy and managerialism by evaluating the Sharīʿah requirements in the Islamic Financial Services Act (IFSA) 2013 of Malaysia from the Maqāṣid al-Sharīʿah perspective.

Design/methodology/approach

This qualitative study uses an inductive approach to review the sources of Sharīʿah and classical literature of Islamic jurists to present Sharīʿah rulings on managerialism and Maqāṣid al-Sharīʿah.

Findings

The Maqāṣid hierarchy promotes a vision of human life that is the opposite of managerialism. In the case of IFSA 2013, the Maqāṣid hierarchy, which is supposed to be the bedrock for Islamic finance, is replaced by a managerial hierarchy closer to Maslow’s hierarchy than it is to Imam Shatibi’s concept of human life. A process of fitting the Maqāṣid hierarchy into a narrow managerial mould occurs in IFSA 2013, meaning that many of the unique aspects of the Maqāṣid al-Sharīʿah are lost.

Social implications

This study will assist Sharīʿah scholars, policymakers and Islamic financial institutions to develop the financial system and to implement the Maqāṣid al-Sharīʿah to improve macro policy and shaping Islamic institutions.

Originality/value

This is a pioneer study that develops a bridge between the Islamic Maqāṣid and conventional managerial hierarchies, which will encourage academics and practitioners to enrich the literature by conducting more in-depth studies on this topic.

Details

Journal of Islamic Accounting and Business Research, vol. 14 no. 8
Type: Research Article
ISSN: 1759-0817

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