University of Dubai's Dubai Business School (DBS): E-Journals
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Fair disclosure of inside information by listed companies: A comparative study between the UK and Kuwait
Full text linkIn Kuwait, the Capital Markets Act 2010 (the Act) gives the regulatory authority the power to pass disclosure rules. However, the Act does not mention how to improve such disclosure rules. Therefore, this article will be discussed the aspect of protecting individual investors, which involves ensuring fair disclosure by listed companies, because informed investors are protected investors. This article will discuss the idea of having fair disclosure to protect investors to ensure that all investors have equal opportunity to access and know about inside information in an appropriate time and manner. This article also will be examined the existing disclosure rules that apply to equity shares in Kuwait as compared to the UK’s disclosure regimes as examples of developed countries.
Keywords: Disclosure rules, Inside Information, Kuwait securities market.
 
Bank credit and economic activity in a developing economy
Full text linkThe importance of bank credit to financing economic activity and development has been the subject of empirical analysis for decades. This paper contributes to the debate by evaluating the effect of bank credit on economic activity using a developing economy data. The study period ranged from January 2007 to December 2017. Estimates from descriptive statistics show that the economic activity and bank credit series are negatively skewed and peaked, with non-normal distribution. The results generated for the Augmented Dickey unit root test showed that at the level form, all the variables are non-stationary but after first differencing the variables became stationary and integrated of order one (i.e. I(1)). The results obtained from the multiple regression model show that bank credit has a positive and significant effect on the economic activity. We, therefore, conclude that bank credit has a predictive influence on economic activity. One of the implications of this conclusion is that banking system regulators should formulate policies that enhance access to credit to the private sector while containing inflation. 
Customers’ perceptions of selection criteria used by Islamic bank customers in Sudan: The importance of Shariah compliance
Full text linkThis paper attempts to investigate the importance of Shariah compliance compared to other criteria that influence the selection of Islamic banks in Sudan, a total Islamic banking system in which the “Islamic” variable is supposed to be constant. Primary data collected by self-administered questionnaires distributed to a sample of 393 respondents from bank locations in the capital of Khartoum state. The perceptions on the importance of choice criteria ranked by the respondents were analyzed using mean analysis and independent t-test. Exploratory factor analysis is employed to provide a more holistic view of the bank choice criteria. The customers of Sudanese Islamic banks prioritized Shariah compliance factors over another selection criterion. We conclude that although all banks work under the Islamic system, consumers were most concerned with the extent to which their bank services are adhering to Islamic principles. Other factors deemed important were “Experience and third-party influence”, followed by staff competency, convenience, service quality, bank reputation, and customer care. Most studies have focused on countries with mixed conventional and Islamic banking systems (Arab and other Muslim countries). This study aims to contribute to the development of a better understanding of the determinants of Islamic bank selection in Sudan, an Arab African country characterized by a strong Islamic culture and a total Islamic banking system
Banks’ Profitability Under Democratic & Dictatorship Regime: Evidence from Pakistan
Full text linkThe aim of the study is to find out the determinants of profitability of Pakistan Banking System under democratic and dictatorship regime, i.e. 2006-2008 and 2009-2011 respectively. The authors were taken macroeconomic variables, i.e. GDP, Inflation and Interest Rate and bank-specific variables, i.e. Liquidity, size and capital adequacy as independent variables whereas Return on Asset as the dependent variable. By employing panel regression, the authors found that size has a significant negative relationship with profitability under both regimes. Interest and Liquidity had a positive significant relationship during democratic tenure. However, liquidity had significantly negative relationship between dictatorship duration. The findings will be helpful for the banking sector to make their policies accordingly
Big Data Big Impact: How Firms are Using Social Media for Innovation and Better Performance
Full text linkFirms continuously attempt to find new sources of information to innovate and achieve a superior performance. Big data present on social media platforms represents one of the new sources of information that firms are starting to rely on. This paper is an exploratory study to examine how firms are making use of social media and what kind of impact the social media use have. An online questionnaire was used to collect data from 75 firms in the United States. Our findings suggest that Big Data, in the form of social media data, has an impact on the firm’s innovativeness and performance, and that IT capability potentially plays a mediator role in this relation
THE EFFECTIVENESS OF ETHICS-TRAINING PROGRAMS IN THE BANKING SECTOR: The mediation effects of ethical culture, supervision, and enforcement
Full text linkAcademic and professional interest in organizational ethics-training is on the rise as advances in technology and global reach create increasing opportunities for violations of moral standards. To mitigate risks associated with moral hazard, organizations strive to create an ethical culture by offering formal ethics-training programs. Notably, the literature is rich with studies that confirm a positive effect of ethics-training programs on employee ethical behavior. However, such programs may become mere cosmetics in the presence of a weak ethical culture, a non-ethics oriented supervisor, and lack of policy enforcement. This study investigates the roles played by the afore-mentioned factors on the relationship between formal ethics-training and employee ethical intentions. The quantitative approach is used and data are analyzed using structural equation modeling with IBM’s Amos. Important findings are reported and relevant implications suggested
Resolution of Maritime Disputes: Ad-hoc vs Institutional Mechanisms
Full text linkThe maritime industry had for long, recognized the relevance and significance of arbitration as a method of dispute resolution. The industry has been utilizing quasi-ad-hoc mechanism in conducting its arbitrations. Of recent, the industry is witnessing a phenomenal shift from the traditional quasi –ad-hoc mechanism to institutional mechanisms whereby special administrative centers dedicated to the resolution maritime disputes are being established to administer the dispute resolution. Recently, the government of Dubai in the United Arab Emirates, pursuant to Decree No (14) of 2016 had established Emirates Maritime Arbitration Center with the objective of settling local and international maritime disputes using alternative dispute resolution methods. The paper investigates the two approaches of ad-hoc vs institutionalism of administering dispute settlement in the maritime industry from a tailored analytical tool of ‘access to arbitration’ mirrored on the well-established legal principle of access to justice.
 
Is there a low-risk anomaly in the UAE stock market?
Full text linkWe investigate the low-risk anomaly in the United Arab Emirates stock market. Using a sample of stocks listed on the DFM and ADX, we examine the performance of portfolios from one-way sorts on several prominent measures of risk: total volatility, beta, idiosyncratic risk, and value at risk. We find no significant relationship between these measures of risk and future returns – either positive or negative. In consequence, our results do not support the hypothesis that the low-risk anomaly is present in the UAE stock market. Low-risk stocks do not significantly outperform high-risk securities
Does crisis affect credit risk in developing countries?
Full text linkAt the core of the crisis marked by its magnitude, credit risk turned to become a powerful catalyst. The objective of this paper is mainly to follow up the evolution of the credit risk at the Jordanian market during the recent economic and financial international crisis. Based on the linear discriminant model Z-Score and KMV structural model, we recognize the increase in the credit risk during the crisis period. On the whole, the confrontation between models highlights the robust correlation between the accounting results of a company and its market value
THE IMPACT OF PROACTIVE-PERSONALITY ON INNOVATIVE WORK BEHAVIOR AND WORK ENGAGEMENT IN THE UAE AVIATION INDUSTRY.
Full text linkThe objective of this research is to examine the relationship between Proactive Personality, innovative work behavior, and work engagement. The sample consists of 220 respondent managers in the Aviation Industry in the UAE. Results of Structural Equation Modelling using SmartPLS revealed that there are significant relationships between Proactive Personality and innovative work behavior, and between Innovative Work Behavior and Work Engagement