International Journal of Commerce and Finance (IJCF - İstanbul Commerce University)
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Macroeconomic Concerns and Bank Specific Deposit Processing Challenges - A Study on Bangladesh
Get PDFThe banking industry is undergoing a dramatic transition that is being propelled by rising FinTech competition, changing business models, mounting pressure from laws and compliance requirements, and innovative technology. This research attempts to present pertinent macroeconomic and banking-related issues that commercial banks are now dealing with as the road of managing deposits becomes more and more challenging. The study gathered the opinions of 200 sample professionals from 29 private commercial banks of Bangladesh that are listed on the Dhaka Stock Exchange and Chittagong Stock Exchange. The result showed that unhealthy competition, regulatory restrictions, and inadequate financial coverage of depositors are the three main issues affecting bank deposit management in Bangladesh. The study recommends that steps should be taken to ensure fair competitive environment and consistent interest rate among the private commercial banks, that the central bank should be more cooperative and flexible in setting different rates and boundaries which can hinder deposit collection; and moreover sufficient amount of coverage and suitable method of premium calculation at deposit insurance should be emphasized to have more public confidence
The Effect of Military Expenditure on Economic Growth and environmental quality in Uganda.
Get PDFThis research aims to empirically investigate how military expenditure (ME) relates with economic growth (GDP) and environmental quality (CO2) in Uganda from 1990-2022 using a flexible autoregressive distributed lag (ARDL) model and Toda-Yamamoto Granger causality test. The results showed that in the long run, ME is positively related to GDP but the result is insignificant. However, in the long run, the effect of ME on CO2 is positive and statistically significant. Furthermore, the short run effect of ME on GDP is negative but insignificant while on CO2, the effect of ME is positive and significant. Additionally, the causality test results revealed a unidirectional causality running from ME to GDP and ME to CO2. Also, a bidirectional causality flows from population growth (PG) to GDP and CO2 while a unidirectional causality flows from gross capital formation (GCF) to GDP and CO2. From these results, Uganda policymakers should encourage military spending since it yields a positive effect on economic growth but should keep in mind of the environmental quality to align with Sustainable Development Goal 13. However, other sectors of the economy like education, agriculture should not be abandoned
Audit Expectation Gap: An Empirical Analysis from Nigeria
Get PDFIt is not uncommon to associate the failure of corporate entities to the performance of external auditor(s) due to the variance in the opinion of the auditors and users of financial information on the duties of external auditors. In view of above, this study investigated the subsistence of Audit Expectation Gap (AEG) in Nigerian quoted firms with reference to four (4) AEG factors. The study employed "cross-sectional survey research design with online structured questionnaire" via Google form link shared among the respondents. A total of three hundred and ten (310) valid responses through the purposive sampling method were used for the analysis. Meanwhile, the "validity and reliability" of the questionnaire were earlier established. The data were later analysed using the Mann-Whitney U test at 5 percent "level of significance". The result showed the presence of AEG with respect to going concern, independence and responsibility factors. The study concluded that the AEG is still a menace in the accounting profession especially with reference to the Nigerian quoted firms. Therefore, it is recommended that Nigerian quoted firms should ensure the maintenance of sound accounting and internal control systems as well as upholding the independence of external auditor(s).
The Nexus of Quality of the e-tax System, Taxpayers’ Attitude, multiple Mediators, and Tax Compliance Behaviour: A Theoretical Paper.
Get PDFSeveral works of the extant literature have explored tax compliance behaviour. Some studies explored that there are factors that have a positive effect on tax compliance behaviour. While some studies use individual theories and other empirical studies focus on institutional theories to explain tax compliance behaviour. Moreover, some works of literature have opined tax compliance behaviour based on economic factors while other studies expounded on social factors. Yet there is a tiny debate regarding the probability of amalgamating both the quality of the e-tax system and attitude towards the e-tax system using multiple mediators to explicate tax compliance behaviour. This paper advances the model suggesting that Tax Compliance Behaviour is the result of the interplay of the quality of the e-Tax System (employing the IS Success Model) and the attitude towards the e-Tax System (arraying the Technology Acceptance Model and the Theory of Planned Behaviour). We suggest that both the quality of the e-tax System and the attitude towards the e-tax system are considerable constructs in expounding tax compliance behaviour through multiple mediators (user satisfaction and behavioural intention)
Financial Management Practices and Performance of Cooperative Organization in Ogun State, Nigeria
Get PDFFinancial management remains a key pillar for any organization most especially cooperatives. This study investigates financial management practices and the performance of cooperative organizations. It specifically evaluates the effect of credit management, budgeting, and dividend management on the performance of cooperative organisations. A Sample size of one hundred and fifty (150) respondents were sampled from five cooperative societies. The data generated through a structured questionnaire were analysed. Findings from the study revealed there is no significant effect of credit risk management on performance (F = 0.24, df = 1, p = 0.625). Also, there is no significant effect of budgeting on performance (F = 1.23, df = 1, p = 0.268). However, dividend management has a significant effect on performance (F = 15.89, df = 1, p = 0.000). Based on the findings of this study, it can be concluded that dividend management has a significant (p < 0.05) effect on the performance of cooperative organizations. These results provide useful insights for cooperative managers and policymakers seeking to improve the performance of cooperative organizations. Cooperative organizations should consider improving credit risk management and budgeting to boost their performance
An Examination of the Nexus Between Private Savings and Economic Development
Get PDFThe study aims to investigate the private savings and economic development nexus in Nigeria. The methodology is based on econometric analysis to estimate parameter values and analyze economic relationships with co-integration and Granger causality tests employed to examine the variables employed. The variables employed in the study have long term positive relationship following the results from the Johansen co-integration, private savings and economic development have bilateral causality which is significant using the Granger causality tests. The results suggest that economic development Granger-causes private savings and private savings Granger-cause economic development. Following the study results, in the long run economic development can stimulate private savings and private savings can accelerate economic development. Government and policymakers in Nigeria should implement policies to attract more private savings, thereby accelerating economic development and growth, GDP per capita increase, and the living standard of citizens in the country improved
Surviving the threat of COVID-19: A review of SMEs’ adaptive strategies
Get PDFThis study seeks to explore and assess the feasibility of SMEs’ adaptive strategies considering the limiting stimulus and peculiarity of SMEs in developing economies. Noting evidence paucity and fragmentation in relation to SMEs’ adaptive strategies during the pandemic (COVID-19), this study collates evidence related to the settings of developing economies as a way of augmenting the realities of the SME sector. The study assumes a literature review approach inclined on tracking available evidence on how SMEs maneuvered the challenges introduced by the COVID-19. The intuition presents to SMEs an opportunity to weigh the plausibility of alternative strategies to navigate the business now and for referral purposes in case of another crisis. Online trading, change in business models, remote work, reconfiguring budgets and reducing overheads, and re-negotiating debt obligations emerged as popular strategies adopted by SMEs. However, the efficacy of these strategies in developing countries remains a concern on account of inadequate stimulus packages, SMEs’ low management capacity to handle the changing business environment, operating losses, poor uptake of technology and technological literacy, the limiting costs linked to the adoption of technology amongst many. Policy imperatives designed to undo these limitations can prop the SME sector post the pandemic
The Effect of Board Gender Diversity on The Performance of Commercial Banks: Evidence from Bangladesh
Get PDFIn today’s corporate world, board diversity is a much-talked-about topic, and gender diversity is an important appearance of board diversity. Gender diversity refers to the existence of women on corporate boards of directors. This paper aimed to analyze the effect of board gender diversity on the performance of commercial banks in Bangladesh for the period 2017-2022. This study uses an instrumental variables regression analysis to investigate the relationship between board gender diversity and commercial banks' performance in Bangladesh. The results indicate that the inclusion of male and female directors is positively related to the financial performance of firms, as measured by the return on assets and the return on equity. Limited empirical studies have been conducted on the relationship between board gender diversity and commercial banks' financial performance in the emerging banking sector. Therefore, there is still no consensus regarding the link between board gender diversity and commercial banks' financial performance based on the mixed and sometimes inconsistent results in prior research. Therefore, this study extends the current literature in the context of Bangladesh, showing that a male and female board member can enhance the banks' financial performance
Investigating the World Trade of Natural Fibers
Get PDFThis study investigates the World international trade of jute, abaca, coir, kenaf and sisal products which is abbreviated as JACKS in the literature. The period we cover is 2003–2022 and the technique we use is descriptive analysis. The data collected is based on Harmonized System Codes and the proxy we used as JACKS is HS 53. At first, we handle the data of aggregated textile industry then we study JACKS. The results show that JACKS in the textile industry is not high but there are many researches about these products. We find that the main JACKS’ importer and exporter is China and its import and export values are increasing in the long term with some declines in the short term.
The Relationship Between Employee Engagement and Job Satisfaction: A Study on Moroccan Companies
Get PDFEmployee engagement is declining, and employees are becoming increasingly disengaged. Engaged employees with a full workforce can mean the difference between a company's survival and success. Employee engagement and job satisfaction are two distinct constructs that have been discovered to be related, and the concept of employee engagement extends beyond job satisfaction. Various studies claim that employee engagement predicts job satisfaction, but other studies find that job satisfaction leads to employee engagement. The aim of this paper is to investigate the relationship between employee engagement and job satisfaction. The study was conducted on 235 employees from various Moroccan companies. Primary data was collected using a questionnaire. A correlation analysis was used to determine the relation between employee engagement and job satisfaction. The results showed significant correlations between employee engagement and job satisfaction