Yaseen Ghulam and Blandina Szalay
With the growing interconnectedness of global markets brought about by globalization and technological innovation, there is a heightened worldwide risk of money laundering, posing…
Abstract
Purpose
With the growing interconnectedness of global markets brought about by globalization and technological innovation, there is a heightened worldwide risk of money laundering, posing a considerable negative impact on economies and social equality. Therefore, the primary purpose of this research is to examine factors that underpin the pervasiveness of money laundering risk.
Design/methodology/approach
By using a cross-section sample of 84 countries, the study uses ordered logit and multinomial logit regression to test and explain the role of main and varied determinants of money laundering risk covering countries’ economic, social, regulatory and corporate environment.
Findings
The authors conclude that, overall, the macroeconomic indicators are less relevant in influencing money laundering risk than the other factors adopted from the Basel report. Nonetheless, the volume of exports and the exchange rate were robust in both the ordered and multinomial regression analyses alongside financial secrecy, auditing standards and corporate transparency. While more financial secrecy and a higher volume of exports were found to increase this risk, the other variables showed a negative relationship. The authors further conclude that it is mostly less secrecy, more transparency and better auditing that could gradually transform a high-risk country into medium risk.
Practical implications
This study recommends the implementation of publicly accessible ownership registries to address the issues around secrecy, transparency and auditing misconducts. Additionally, the general strengthening of laws and policies in these three domains is also necessary alongside the application of current technologies, such as machine learning, for the detection of money laundering.
Originality/value
The authors believe this study uses advanced econometric techniques rarely used in the literature on money laundering. Separating the impact of economic and social/regulatory is also valuable
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Mussadiq Ali Khan, Sharizal Bin Hashim, Asim Iqbal, Muhammad Yaseen Bhutto and Ghulam Mustafa
Islamic marketing is an emerging field with a lot of potentials, so it is worthwhile to explore it. This paper aims to conduct research on the unexplored relationship of…
Abstract
Purpose
Islamic marketing is an emerging field with a lot of potentials, so it is worthwhile to explore it. This paper aims to conduct research on the unexplored relationship of antecedents of the equity, image and consumers’ trust and satisfaction of halal brands.
Design/methodology/approach
A structured questionnaire was designed to conduct research to analyze the halal brand equity and its antecedents. Data were collected from 250 halal consumers of Kota Samarahan and Kuching, Malaysia through a self-administered questionnaire using a convenience sampling method.
Findings
The study finds a positive relationship of three antecedents of brand equity, which confirms a strong relationship between the image and satisfaction of halal brand equity. The results further showed that halal brand image is linked with halal brand trust, but the relationship between halal brand trust and its equity could not be proved.
Research limitations/implications
This has been a cross-sectional study that was limited to Malaysia, a Muslim majority country. Researchers can conduct a longitudinal study and can conduct it in non-Muslim societies to comprehend their diversity and wider impact. Additionally, this study was limited to halal food brands in Malaysia.
Originality/value
Islamic marketing has received great attention of researchers, academicians and practitioners that has rather been unexplored earlier particularly the relationships among antecedents of the equity, image and consumers’ trust and satisfaction of halal brands.
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F. Aziz, Z. Ahmad, S.M. Abdullah, K. Sulaiman and M.H. Sayyad
The purpose of this paper is to study the optical and electrical characteristics of a single-junction solar cell based on a green-colour dye vanadyl 2,9,16, 23-tetraphenoxy-29H…
Abstract
Purpose
The purpose of this paper is to study the optical and electrical characteristics of a single-junction solar cell based on a green-colour dye vanadyl 2,9,16, 23-tetraphenoxy-29H, 31H-phthalocyanine (VOPcPhO). The use of soluble vanadyl phthalocyanine derivative makes it very attractive for photovoltaic applications due to its tunable properties and high solubility.
Design/methodology/approach
A photoactive layer of VOPcPhO has been sandwiched between indium tin oxide (ITO) and aluminium (Al) electrodes to produce a ITO/PEDOT:PSS/VOPcPhO/Al photovoltaic device. The VOPcPhO thin film is deposited by a simple spin coating technique. To obtain the optimal thickness for the solar cell device, different thicknesses of the photoactive layer, achieved by manipulating the spin rate, have been investigated.
Findings
The device exhibited photovoltaic effect with the values of Jsc, Voc and FF equal to 5.26 × 10-6 A/cm2, 0.621 V and 0.33, respectively. The electronic parameters of the cell have been obtained from the analysis of current-voltage characteristics measured in dark. The values of ideality factor and barrier height were found to be 2.69 and 0.416 eV, respectively. The optical examination showed that the material is sensitive to light in the UV region between 270 nm and 410 nm, as well as in the visible spectrum within the range of 630 nm and 750 nm.
Research limitations/implications
The solar cell based on a single layer of vanadyl phthalocyanine derivative results in low efficiency, which can be enhanced by introducing a variety of donor materials to form bulk heterojunction solar cells.
Practical implications
The spin coating technique provides a simple, less expensive and effective approach for preparing thin films.
Originality/value
A novel thin-film, single-junction organic solar cell, fabricated by using VOPcPhO, has been investigated for the first time ever. The vanadyl phthalocyanine derivative together with a donor material will have potential application for improved efficiency of the solar cells.
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Khalil Hussain, Muhammad Shahzeb Fayyaz, Amjad Shamim, Amir Zaib Abbasi, Sana Jawed Malik and Muhammad Farrukh Abid
This study aims to investigate consumer brand loyalty toward halal cosmetics using the theory of planned behavior through repurchase intention, which is primarily relying on the…
Abstract
Purpose
This study aims to investigate consumer brand loyalty toward halal cosmetics using the theory of planned behavior through repurchase intention, which is primarily relying on the consumer’s attitude toward halal cosmetics. Important predictors such as trust on halal cosmetics, quality of halal cosmetics and religious beliefs of millennial Muslim female consumers shape consumer attitude.
Design/methodology/approach
The present study used the quantitative research design and deductive approach to collect the data from 275 halal cosmetics users in Pakistan by using a judgmental sampling approach.
Findings
Findings of the study provide useful insights for both theory and practice. The results support product quality, religious belief and trust on halal cosmetics as predictors of consumer’s attitude toward halal cosmetics that further develop consumers’ repurchase intention, which in turn enhances their overall brand loyalty. Besides, the findings also show that consumer repurchase intention has a mediating effect between consumer attitude toward halal cosmetics and consumer brand loyalty.
Practical implications
The current study helps in advancing practitioners’ understanding of female consumers’ brand loyalty in the halal cosmetics context. This study is considered to be greatly helpful for managers to gain knowledge about how repurchase intention and brand loyalty of millennial Muslim female consumers can be developed in the halal cosmetics segment, especially in the case of Pakistan.
Originality/value
Brand loyalty has been investigated by previous studies through different predictors and antecedents. This study contributes to the literature of brand loyalty by empirically examining and validating the different antecedents of consumer attitude that are accountable for creating consumer brand loyalty in the domain of halal cosmetics within the Pakistani cultural context. The current study also enhances the previous scholarly understanding on halal cosmetics by investigating the mediating role of consumer repurchase intention of halal cosmetics that further extends the discussion for both theory and practice.