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Article
Publication date: 5 October 2018

Bradley Rudkin, Danson Kimani, Subhan Ullah, Rizwan Ahmed and Syed Umar Farooq

This paper investigates the legitimacy tactics used in the annual reports of UK listed companies in the aftermath of major corporate scandals.

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Abstract

Purpose

This paper investigates the legitimacy tactics used in the annual reports of UK listed companies in the aftermath of major corporate scandals.

Design/methodology/approach

We carried out a content analysis of annual reports of 19 companies that have been involved in corporate scandals with a view to understand how firms communicate negative scandals affecting them.

Findings

The findings reveal that firms use a wide range of legitimisation strategies in the manner that contribute to shape disclosure communications concerning negative incidents. For instance, some firms may offset the negativity linked to an incident by rendering such explanations amidst positive information.

Originality/value

Contrary to earlier studies conducted on accounting scandals, the authors incorporated extensive corporate scandals such as human rights violations, controversies concerning child labour, environmental scandals, corruption, financial embezzlement and tax evasion.

Details

Corporate Governance: The International Journal of Business in Society, vol. 19 no. 1
Type: Research Article
ISSN: 1472-0701

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Article
Publication date: 30 December 2024

Rana Salman Anwar, Rizwan Raheem Ahmed, Dalia Streimikiene, Justas Streimikis and David Zamek

This study focuses on the complex dynamics of food supply chain safety, safety governance and security in Pakistan’s food industry. By delving into the connections between hygiene…

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Abstract

Purpose

This study focuses on the complex dynamics of food supply chain safety, safety governance and security in Pakistan’s food industry. By delving into the connections between hygiene practices, safety governance, customer perceptions, supplier attitudes and food safety outcomes, this study aims to shed light on the elements that shape food safety governance in the region.

Design/methodology/approach

An analysis was conducted using self-administered questionnaires, with data collected from 352 individuals recruited from different departments within Pakistan’s food supply chain businesses. Using STATA software, we calculated important variables’ direct and indirect effects on the scales taken from previous studies by applying structural equation modeling (SEM) and path analysis.

Findings

The analysis found significant relationships between safety governance, hygiene practices, consumer perceptions, supplier attitudes and food safety outcomes. Violations of hygiene standards considerably impacted food safety and security; the relationship between these violations and food safety results was mediated by consumer psychological capital. Furthermore, the correlation between cleanliness procedures and food safety results was observed to be moderated by supplier attitudes.

Research limitations/implications

Even though the study has dramatically improved our understanding of food safety governance, we must acknowledge its limitations and consider future research. Researchers may expand knowledge in this critical area and promote evidence-based policies and practices to improve food safety and security by addressing these constraints and exploring new directions. Cooperation across disciplines and sectors can create a more robust, reliable and sustainable food system. This approach will protect public health and improve communities worldwide.

Practical implications

The results have practical implications, as analysis found significant relationships between safety governance, hygiene practices, consumer perceptions, supplier attitudes and food safety outcomes. Violations of hygiene standards considerably impacted food safety and security; the relationship between these violations and food safety results was mediated by consumer psychological capital. Furthermore, the correlation between cleanliness procedures and food safety results was observed to be moderated by supplier attitudes.

Social implications

For policymakers, regulatory agencies, industry stakeholders and consumers, the findings emphasize the importance of strict hygiene standards, consumer trust and engagement and supply chain partner collaboration to ensure food system safety and security.

Originality/value

This study illuminates the intricate interactions that shape food safety governance in Pakistan’s food supply chain business. For policymakers, regulatory agencies, industry stakeholders and consumers, the findings emphasize the importance of strict hygiene standards, consumer trust and engagement and supply chain partner collaboration to ensure food system safety and security.

Available. Open Access. Open Access
Article
Publication date: 7 February 2023

Loan Quynh Thi Nguyen and Rizwan Ahmed

This study investigates the impact of global economic sanctions on foreign direct investment (FDI).

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Abstract

Purpose

This study investigates the impact of global economic sanctions on foreign direct investment (FDI).

Design/methodology/approach

Data were gathered from several sources, including the United Nations Conference on Trade and Development, the Global Sanction and the World Bank database, to build a dataset that consists of 172 countries during the period 2003–2019. The panel ordinary least square with a fixed-effects estimator was exploited to achieve the research objective.

Findings

The research findings reveal that sanction exerts a detrimental effect on the total inflows of FDI and its components. Regarding different types of sanctions, while military and trade sanctions have little or even no impact on greenfield investment, they have more adverse and sizable effects on cross-border mergers and acquisitions (M&As). The authors further show that sanctions exert devastating influences through the infrastructure and economic development channels.

Practical implication

Overall, this study implies that a closer look at particular types of FDI is required when implementing policies as different types of FDI may be affected differently by changes in the economy, such as economic sanctions.

Originality/value

This paper is the first empirical study that critically investigates the impact of sanctions on the total inward FDI flows and its two components: greenfield investment and cross-border M&As. It then explores how the sanction–FDI nexus varies depending on several country-level economic factors to understand better how sanctions and different types of sanctions are related to international trade and relations.

Details

Journal of Economics and Development, vol. 25 no. 1
Type: Research Article
ISSN: 1859-0020

Keywords

Available. Content available
Book part
Publication date: 28 February 2025

Syed Ali Raza, Darakhshan Syed, Syed Rizwan and Maiyra Ahmed

Free Access. Free Access

Abstract

Details

The Global Evolution, Changing Landscape and Future of Financial Markets
Type: Book
ISBN: 978-1-83549-331-1

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Article
Publication date: 8 March 2022

Sohail Rizwan and Sumayya Chughtai

The study aims to yield evidence on the relation between the quality of governance characteristics and the firms' financial credibility involved in financial violations.

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Abstract

Purpose

The study aims to yield evidence on the relation between the quality of governance characteristics and the firms' financial credibility involved in financial violations.

Design/methodology/approach

The study uses annual data ranging from 2000 to 2018. The sample consists of 154 nonfinancial firms listed on the Pakistan Stock Exchange, comprising 77 fraudulent and 77 non-fraudulent companies. To examine the relationship between improvements in the governance structure and financial credibility of the firms, hypotheses are tested using the univariate analysis and multivariate regression model through the ordinary least square method.

Findings

The results affirm that fraud firms are possessed with poor governance structure compared to control firms in the pre-fraud year. The findings further imply that an improved governance structure brings foremost performance in stock price. The results of the study divulge that board of directors characteristic i.e. change in outside directors' percentage has a significant positive impact (β = 0.015, p = 0.05) on the financial credibility of the firms. The governance variables in terms of CEO-COB joint position has a significant negative (β = −0.824, p = 0.05) association with the financial credibility, which means that whenever CEO-COB joint position enhances, the financial credibility of the firms decreases. However, governance variables in the context of blockholders percentage has a significant positive (β = 0.13, p = 0.01) impact on financial credibility. The results of the study overall indicate that the governance structure has a significant influence on the financial performance of firms in the stock market.

Originality/value

The study provides an understanding of how fraudulent firms rehabilitate their governance structure and accrue economic benefits by the means of financial credibility after when the fraud is made public. It also adds to the literature in the area of corporate frauds specifically the role of governance structure in the financial performance of fraudulent firms in the stock market; this field is in its initial stage, even in developed countries, while, in developing countries, little work has been done.

Details

South Asian Journal of Business Studies, vol. 12 no. 4
Type: Research Article
ISSN: 2398-628X

Keywords

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Publication date: 23 May 2024

Kriti Arya and Richa Chauhan

This chapter investigates pandemic impact in a variety of industries, including food, travel, education and pharmaceuticals, considering elements such as isolation, emotions and…

Abstract

This chapter investigates pandemic impact in a variety of industries, including food, travel, education and pharmaceuticals, considering elements such as isolation, emotions and social influences, which can lead to panic buying. The goal of this research is to ascertain how COVID-19 influences the buying decisions of customers. Additionally, the study aims to identify consumer consumption trends for a spectrum of products and services, including fast-moving consumer goods (FMCGs), entertainment, pharmaceuticals, travel and tourism. A comprehensive review of different research papers is done to conclude. The papers considered are from 2020 to 2022. Different keywords are used to search the relevant papers such as ‘pandemic’, ‘COVID-19’, ‘behaviour’, ‘impulsive’, etc. TCCM framework has been applied while reviewing the articles. During the isolation, consumer behaviour moved to panic buying and stockpiling, favouring organic basics, and encouraging e-commerce, as well as economic nationalism favouring made-in-India products. This study helps in knowing the reasons for change in consumers' behaviour for different products and services due to unforeseeable situations like COVID-19 and can find possible ways to deal with them. Business owners learn about changing consumer purchasing behaviours and how to modify products. The government can change policies to improve medical tourism and social protection.

Details

Navigating the Digital Landscape
Type: Book
ISBN: 978-1-83549-272-7

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Article
Publication date: 22 September 2022

Tazeen Arsalan, Bilal Ahmed Chishty, Shagufta Ghouri and Nayeem Ul Hassan Ansari

This research paper aims to analyze the stock exchanges of developed, emerging and developing countries to investigate the volatility in stock markets and to evaluate the rate of…

157

Abstract

Purpose

This research paper aims to analyze the stock exchanges of developed, emerging and developing countries to investigate the volatility in stock markets and to evaluate the rate of mean reversion.

Design/methodology/approach

The stock exchanges included in the research are NASDAQ, Tokyo stock exchange, Shanghai stock exchange, Bombay stock exchange, Karachi stock exchange and Jakarta stock exchange. Secondary daily data from Bloomberg are used to conduct the research for the period from January 2011 to December 2018. Generalized autoregressive conditional heteroskedasticity (GARCH) (1,1) model was applied to examine volatility and the half-life formula was used to calculate mean reversion in days.

Findings

The research concluded that all the stock exchanges included in the research satisfy the assumptions of mean reversion. Developing countries have the lowest volatility while emerging countries have the highest volatility which means that the rate of mean reversion is fastest in developing countries and slowest in emerging countries.

Research limitations/implications

Future studies can determine the reasons for fastest rate of mean reversion in developing countries and slowest rate of mean reversion in emerging countries.

Practical implications

Developing countries show the lowest mean reversion in days while the emerging countries show the highest mean reversion in days indicating that developing countries take less time to revert to their mean position.

Originality/value

The majority of previous studies on univariate volatility models are mostly on applications of the models. Only a few researchers have taken the robustness of the models into account when applying them in emerging countries and not in developed, developing and emerging countries in one place. This makes the current study unique and more rigorous.

Details

Journal of Economic and Administrative Sciences, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2054-6238

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Article
Publication date: 22 May 2020

Afzaal Ali, Mehkar Sherwani, Adnan Ali, Zeeshan Ali and Mariam Sherwani

This paper aims to apply the concept of traditional branding constructs, i.e. brand image, brand perceived quality, brand satisfaction, brand trust and brand loyalty to a less…

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Abstract

Purpose

This paper aims to apply the concept of traditional branding constructs, i.e. brand image, brand perceived quality, brand satisfaction, brand trust and brand loyalty to a less explored field of halal brand products – halal brand image, halal brand perceived quality, halal brand satisfaction, halal brand trust and halal brand loyalty. Second, the present research is an effort to empirically validate the interrelationships among branding constructs such as brand image, brand perceived quality, brand satisfaction, brand trust and brand loyalty in a holistic framework to confirm whether these branding constructs also work for the halal brand in the same way to gauge Chinese Muslims consumers’ purchasing intentions.

Design/methodology/approach

This research used cross-sectional data from 481 Chinese Muslim students at 9 universities located in 3 cities of China through face-to-face and online survey methods. Data were collected from the consumers of halal milk brand. A theoretical model with the hypothesized relationships was tested with the help of the structural equation modelling procedure.

Findings

The results suggest that halal brand image has a significant and positive influence on the halal brand perceived quality, halal brand satisfaction, halal brand trust and halal brand loyalty. Similarly, the halal brand perceived quality, halal brand satisfaction, halal brand trust and halal brand loyalty significantly influence consumer halal brand purchase intention.

Research limitations/implications

This study is conducted in the halal food sector of China and specific religious and migration contexts. Further investigations of the halal food purchasing behaviour of local Muslims, as well as international Muslim students in those Western countries which are famous destinations for international students for education, could yield varying results.

Practical implications

The outcomes achieved are helpful for commerce and government organizations for policy development to better meet the burgeoning demand for halal products by Chinese Muslims. These are also very helpful for producers and exporters who intend to penetrate the halal market in non-Muslim-dominant countries such as China.

Originality/value

Studies on understanding Muslim consumers’ purchasing behaviours in non-Muslim countries are limited. Given the fact, numbers of Muslims seem a smaller amount of China’s total population, but their total numbers are large compared with total numbers in many Muslim countries. Therefore, understanding their purchasing behaviours for halal products and influential determinants concerning such purchasing behaviours adds to the literature and helps the industry to better serve and capitalise on the growing market.

Details

Journal of Islamic Marketing, vol. 12 no. 7
Type: Research Article
ISSN: 1759-0833

Keywords

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Article
Publication date: 14 December 2020

Sadia Zia

This paper includes regional, behavioral and biological issues of men that lead them to high mortality rate in Pakistan. The study was design to factories the major cause of…

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Abstract

Purpose

This paper includes regional, behavioral and biological issues of men that lead them to high mortality rate in Pakistan. The study was design to factories the major cause of gender inequality of infection. This study focused on regional, behavioral and biological issues of men that lead to high mortality rate.

Design/methodology/approach

The statistical datum was collected from the official fact finding documents of Government of Pakistan to analyze the gender-based infection rate and mortality count. It was found that among the population of men in Pakistan, the mortality rate is very high.

Findings

The epidemiological studies are more threatening because mostly the population which is under real panic comprises older men.

Originality/value

The author declares that all the data was collected from the most authentic source and applied according to their background and biological, behavioral and logical knowledge.

Details

Working with Older People, vol. 24 no. 4
Type: Research Article
ISSN: 1366-3666

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Article
Publication date: 26 August 2021

Reza Salehzadeh, Maryam Sayedan, Seyed Mehdi Mirmehdi and Parisa Heidari Aqagoli

Green brands are those brands that obtain attributes and benefits related to the reduction of the brands’ environmental impact. Green brand love is a very important issue for…

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Abstract

Purpose

Green brands are those brands that obtain attributes and benefits related to the reduction of the brands’ environmental impact. Green brand love is a very important issue for marketing managers. One of the main reasons for this degree of importance is because of the many positive outcomes that green brand love will have for organizations. The purpose of this paper is to evaluate the effect of green brand image, trust and attitude on green brand love among Muslim consumers.

Design/methodology/approach

In this study, a cross-sectional survey is conducted based on the questionnaire method to collect data from a sample of 201 consumers of various automobile brands in Isfahan, Iran. Structural equation modeling is used to test the research hypotheses.

Findings

The findings show that green brand image has a significant direct effect on green brand attitude, love and trust. In addition, the results indicate that green brand attitude and trust have a significant direct effect on green brand love.

Practical implications

Considering the importance of the issue of automobility and environmental harm, this paper offers new insights to marketing managers of the automotive industry in Iran.

Originality/value

This study is among the first to explore the effect of green brand image, trust and attitude on green brand love.

Details

Journal of Islamic Marketing, vol. 14 no. 1
Type: Research Article
ISSN: 1759-0833

Keywords

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