International Journal of Finance, Economics and Business
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Green Banking Status and Role of Central Bank in Bangladesh: A Recent Trend
Get PDFAlmost all banks established green banking units in time, though there is a lack of seriousness in implementing green banking policies set by Bangladesh Bank. The aim of the study is to examine the green banking status and the role of central bank in Bangladesh. This study finds 22 banks achieved green finance (GF) target where UCB PLC stood in the top position at 36.21%, next to Jamuna Bank PLC at 29.85%, IBB PLC at 22.42%, and Bank Asia stood at the end at 5.47%. On the other hand, 17 commercial banks fulfill the sustainable financing (SF) target of the total term loan disbursement set by Bangladesh Bank. It is observed that in Q4, 2023, 17 banks out of 61 had exposure to green finance, where 16 banks were Private Commercial Banks (PCBs). One and only The Bangladesh Krishi Bank (Specialized Bank) occupied the top position, accounting for 56.48% of sustainable finance next to NRB Bank PLC 42.86%, BRAC Bank PLC 41.32%, etc., and Jamuna Bank PLC stood last position at 21.57%. The study also found the total target achieved by banks was 9.09% in GF and 27.24% in SF, which exceeded the target set by the Bangladesh bank and it is a milestone to achieve SDGs set by the UN by 2030. This study explores the basic concepts of green banking and green financing movement, present status, and their impact on bank performance in Bangladesh. In this study, secondary data is used, which were collected from related published articles, Bangladesh Bank annual reports, quarterly reports, sustainability reports, other commercial banks’ reports, World Bank reports, and newspaper reports from 2014 to 2023
The Effect of Regional Financial Autonomy on Economic Growth in Aceh Province
Get PDFThe condition of regional financial independence in Aceh Province is not optimal, so it is expected to affect economic growth. Previous studies have only descriptively explored the condition of the regional financial independence level in Aceh Province. They did not analyze how it affects economic growth. It is important to study this because Aceh is highly dependent on the transfer of funds from the central government. Therefore, this study will investigate the effect of financial independence, degree of fiscal decentralization, and revenue effectiveness as indicators of regional financial independence on economic growth in Aceh Province, Indonesia. The panel data regression method is used to analyze the data, where this study uses panel data consisting of 23 districts/cities in Aceh Province as cross-section data and time series data in an annual form from 2018 to 2022. The data applied were sourced from the Aceh Central Bureau of Statistics (CBS) and the Directorate General of Fiscal Balance. The findings show that financial independence has a negative and significant effect on economic growth, the degree of fiscal decentralization has a positive and significant effect on economic growth, and revenue effectiveness is not significant on economic growth. It is recommended that district/municipal governments in Aceh Province maximize financial independence to avoid being at the instructive level by increasing PAD and reducing dependence on external funds
Determinants of BLACKPINK’s Repurchase Intention in Selected Capital Provinces of Indonesia
Get PDFThis study investigates the factors influencing the repurchase intention of BLACKPINK’s official merchandise. Over the past two decades, the Korean Wave (Hallyu) has experienced rapid growth, with Indonesia ranking first among 20 countries in terms of K-pop fandom size. Despite this, only 30% of K-pop fans in Indonesia own merchandise and are typically willing to spend up to 2 million rupiah annually. Notably, BLACKPINK fans demonstrate a higher purchasing power, with an average annual expenditure of 5 million rupiah solely on official merchandise. Using purposive sampling, this study targeted Indonesian citizens aged 15 to 24 who have purchased official BLACKPINK merchandise and reside in four major provincial capitals: Jakarta, Yogyakarta, Bandung, and Pontianak. The findings reveal that brand awareness and brand image have a positive but statistically insignificant impact on repurchase intention. In contrast, the influence of the Korean Wave and product quality are both positive and statistically significant. These results offer valuable insights into the key factors that drive or hinder consumers\u27 intentions to repurchase BLACKPINK merchandise. Based on the findings, it is recommended that official sellers prioritize enhancing product quality and leveraging the appeal of the Korean Wave to effectively increase repurchase intentions
Investigating the Government Finance in Mali: Revenue, Expenditure, Debt and Policy Implications
Get PDFThis study explores the dynamic relationship between government revenue, expenditure, and public debt in Mali over the period 2000 to 2024, employing a Vector Error Correction Model (VECM) framework. The Johansen cointegration test confirms the existence of a long-term equilibrium relationship, reflecting underlying structural fiscal imbalances. The analysis reveals that government expenditure exerts a negative influence on revenue, suggesting that excessive spending hampers effective revenue mobilization. In contrast, public debt does not demonstrate a significant impact on revenue, indicating inefficiencies in the implementation of debt-financed policies. In the short run, expenditure adjusts significantly in response to deviations from the long-term equilibrium, while revenue and debt do not exhibit notable responsiveness. Moreover, Granger causality tests based on the Toda-Yamamoto approach reveal a bidirectional causality between revenue and expenditure, lending support to both the tax-spend and spend-tax hypotheses. The results also indicate that public debt is influenced by both revenue and expenditure, implying that fiscal deficits in Mali are predominantly financed through borrowing. These findings underscore the critical need for comprehensive fiscal reforms aimed at enhancing tax efficiency, ensuring prudent public spending, and promoting sustainable debt management to safeguard macroeconomic stability
Adoption of QR Code-Based Payment Systems in Malaysia: A Study on the Utilization of Mobile Banking Among Smartphone Users
Get PDFThe rapid growth of digital transactions and the increasing prevalence of mobile banking (M-banking) necessitate a comprehensive understanding of the factors influencing the adoption of QR code-based payment systems. This study seeks to identify utilization of M-banking through QR code technology among Malaysian smartphone users with access to M-banking applications, encompassing a diverse demographic across Malaysia, from Perlis to Sabah. Employing a quantitative approach, the study collects data through an online survey distributed via Google Forms to 200 Malaysian smartphone users. The findings reveal that the sample is predominantly composed of younger, single individuals, many of whom are students or hold advanced educational qualifications. The respondents represent a wide range of income levels and geographic locations, providing a comprehensive view of the Malaysian mobile banking user base. Additionally, the study identifies that established market leaders, such as Maybank and CIMB, continue to dominate Malaysia’s digital banking sector, while Islamic banks exhibit moderate growth potential. The remarkably low rate of non-users highlights the increasing integration of mobile banking into everyday financial practices within Malaysian society
Investigating the Mediating Role of Islamic Banking Intermediation in Promoting Economic Growth in Aceh Province, Indonesia
Get PDFEconomic growth in Aceh is shaped by multiple sectors, including agriculture, fisheries, mining, and services. Among these, the Micro, Small, and Medium Enterprises (MSMEs) sector holds significant potential and warrants increased attention. This study examines the impact of Islamic banking financing and the presence of Islamic banking service offices on economic growth in Aceh, with micro and small medium enterprises (MSMEs) serving as a mediating variable. Employing the Ordinary Least Squares (OLS) method and multiple linear regression analysis, the research utilizes time-series data spanning from 2009 to 2023. The findings reveal that both Islamic banking financing and the expansion of service offices have a positive and significant effect on the development of MSMEs and, consequently, on economic growth. The study further highlights the reciprocal mediating relationship between these variables, demonstrating how Islamic banking can drive economic growth through the development of MSMEs. Based on these results, it is recommended that efforts be intensified to increase financing allocations for MSMEs, extend the reach of Islamic banking services to underserved areas, and promote technological innovation within Islamic financial products and services. The implementation of these measures is expected to strengthen the MSMEs sector and foster inclusive and sustainable economic growth in Aceh province, Indonesia
The Role of Work Discipline as a Mediator Between Leadership Style and Employee Performance: A Case Study of PT. Bandar Victory Shipyard, Batam, Indonesia
Get PDFThis study investigates the influence of leadership style on employee performance, the impact of leadership style on work discipline, the effect of work discipline on employee performance, and the mediating role of work discipline in the relationship between leadership style and performance at PT Bandar Victory Shipyard. The research involved a population of 83 production employees, with data collected through a structured questionnaire. Data analysis was conducted using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results reveal that leadership style has a significant positive effect on both employee performance and work discipline. Additionally, work discipline significantly contributes to enhancing employee performance. The findings also demonstrate that work discipline acts as a mediating variable in the relationship between leadership style and employee performance. These results highlight the critical role of leadership in shaping employee behavior and organizational outcomes. This study suggests that organizations should focus on developing effective leadership practices that emphasize discipline and accountability to improve overall performance by implementing leadership training programs, establishing clear behavioral standards, and reinforcing disciplinary frameworks are key strategies for strengthening organizational performance. Future research should incorporate additional variables such as motivation, organizational culture, or job satisfaction, and apply longitudinal approaches to examine the long-term effects of leadership interventions
Regulatory Quality, Rule of Law and Foreign Direct Investment Inflows: Evidence from the Economic Community of West African States
Get PDFIn literature, the role of institutions in stimulating FDI inflows has been documented. This study examined the contributions of two institutional-quality variables, regulatory quality and the rule of law, in attracting FDI in the Economic Community of West African States (ECOWAS). The study used an annual series covering the period from 2000 to 2020 using three different estimation techniques: the panel ARDL, the panel FMOLS, and the panel DOLS. Findings reveal that while the rule of law had a negative and significant impact on FDI inflows under the panel ARDL and FMOLS, the impact of regulatory quality was negative and significant under the panel ARDL and DOLS. The short-run ARDL results revealed that only the population growth rate positively and significantly impacted FDI inflows. However, in the long run, findings showed that while the population growth rate had a positive and significant impact on FDI inflows under the ARDL, the impact of GDP was positive and significant in all the models. The exchange rate was also found to negatively and significantly impact FDI inflows in all the models. The study consequently recommends building strong institutions through collaboration among the member countries while improving human capital and economic growth
The Environmental, Social and Governance (ESG) and Financial Performance: A Bibliometric Analysis using Biblioshiny
No full textThis study conducts a bibliometric analysis of the relationship between ESG (Environmental, Social, and Governance) factors and financial performance. The purpose is to gather bibliometric data on citations, scientific publications, authors, sources, affiliations, contributions from different nations, keywords, trending aspects, and potential future research fields. The study collects data from the Scopus research database covering the period from 2013 to 20th May 2023. Biblioshiny in R Studio is used for data evaluation. The analysis includes annual publication output, average citations, influential authors and institutions, commonly used keywords, and country-wise research output. The analysis reveals a consistent and growing interest in ESG and financial performance research, with a significant increase in scientific articles over time. Earlier publications have higher average citations, indicating their impact, while recent ones show lower citation rates. Key focal points include "financial performance" and "ESG." Noteworthy institutions such as the University of Zaragoza, Nord University, New York University, and the Journal of Sustainable Finance and Investment demonstrate high overall impact. The study emphasizes the ongoing research interest in the relationship between financial performance and ESG and the growing importance of sustainability and corporate social responsibility in corporate practices. The findings indicate a recent emphasis on ESG, financial performance, CSR, sustainability, and corporate governance within environmental studies
The Impact of Income Inequality, Human Development, Gender Development and Open Unemployment on Economic Growth in Indonesia
Get PDFGood economic growth reflects equitable income distribution and high labour absorption, leading to job creation. Addressing economic development is a government priority in Indonesia to tackle poverty, inequality, income disparity, and unemployment. This study investigates the impacts of income inequality, human development, gender development, and open unemployment on economic growth in Indonesia using panel data regression from 34 provinces (2015-2022). Data on income inequality, the human development index, the gender development index, and the open unemployment rate are from the Central Bureau of Statistics Indonesia, while economic growth data are from the SIMREG Bappenas. The results indicate that the fixed effects model is optimal. Income inequality, the human development index, and the open unemployment rate negatively and significantly affect economic growth, while the gender development index has a positive and significant effect. This study proposes that the Indonesian government should consider implementing measures to reduce income inequality through taxation policies and enhance education, healthcare, and infrastructure in remote areas