Search results

This study aims to explore the moderating role of cynicism about change in the positive relationship between authentic leadership and employee commitment to change.

This study used an exploratory research design with deductive approach to invite responses of doctors, nurses and para medical staff of public sector district hospitals, set to be privatized, on structured close-ended questionnaires. Data gathered from four hospitals chosen because they were undergoing restructuring that facilitated the testing of our propositions were analyzed through structural equation modeling using AMOS. A total of 271 usable responses (response rate of 65 per cent) were analyzed. Interaction and simple slope tests were applied to test moderating effects.

Results indicate that authentic leadership is positively related to commitment to change. Cynicism about change moderated this positive relationship such that a high level of authentic leadership has a stronger impact on commitment to change when cynicism is low rather than when cynicism is high.

Results show that in Pakistani hospitals undergoing restructuring, leaders who use authentic leadership will have followers who are more committed to enacting the planned changes, but this effect is magnified if followers are not cynical about the change. Thus, regulators of public sector hospitals may benefit from this study by developing authenticity in hospital leaders to mitigate cynicism about and enhance their commitment to change.

This study is the first which has explored relationships among cynicism about change, authentic leadership and commitment to change in a privatization context of Pakistan. Findings should be tested in other cultural contexts to determine generalizability.

In recent times, mobile banking has become the best alternative for transactions associated with payments like bills, fees, and peer-to-peer payments. Therefore, the pace of adoption is increasing day after other. However, the numbers of customers are not equal to the expectations as there are several challenges and threats hindering in the way of excellence and growth of mobile banking. Therefore, this chapter has been written purposively to address all the elements that are associated with the use of mobile banking with special emphasis on Pakistan and other developing sides of Asia. In fact, concern towards Asian sides is mandatory as the continent has the massive charm to attract users towards the use of mobile banking, but there is a need for proper policy and concern from stakeholders in order to give a push to the technology, which is fruitful for society, environment, as well as economy. The study includes an in-depth discussion on factors that need attention to make the study implicative and thorough for conducting further research in the field of Fin-Tech and mobile banking.

Empowered patients are allies to the healthcare system, especially in emergency situations. Social media use has emerged to be a major means by which patients interact with the healthcare system, and in times such as the current COVID-19 situation social media has to play an even greater crisis management role by empowering patients. Social media channels serve numerous beneficial purposes, despite them also being blamed for the spread of misinformation during this crisis. In this Gulf Cooperation Council (GCC) focused case study, we will discuss the increasingly greater role being played by the social media in healthcare in the region and how that empowers not just the patients but the system as a whole. In the GCC region, the healthcare sector is found to reflect a steady growth, leading to an increased drive for empowering patients by lowering the barriers to effective communication and consultation through online media. As of today, social media has become an element of the telehealth infrastructure being deployed in the region. During COVID-19, patients are seen to leverage it pointedly for online health consultations thereby lowering the stress on the healthcare system and adding to efficiencies.

Dhaka, the capital of Bangladesh has a recorded history of over 400 years, dating back to the Mughal and pre-Mughal era. A large part of the city's rich cultural heritage; both tangible and intangible, lie in the historic core known as Old Dhaka. There are several traditional neighborhoods with close-knit communities that date back two to three centuries. The communities are rich in social capital gained over successive generations of close social network. Based on this strength, a heritage management system has been developed by informal community bodies in Old Dhaka. Old Dhaka's rich cultural heritage deserves to be conserved for the historical continuity of the city. Unfortunately, the top-down conservation efforts undertaken by the Government are highly bureaucratic and have not been effective in conserving the cultural heritage in most cases. This paper explores the importance of local participatory approach of heritage management in the context of Old Dhaka with a focus on the relationship between social capital and informal heritage management in traditional communities. It also explores the key features that generally make the informal heritage management system more effective than the formal approach. Finally, it recommends an appropriate conservation approach to save the cultural heritage of Old Dhaka where there is a balance between intervention by authorities and continuity of local community involvement.

The purpose of this paper is to present a community-led “informal heritage management” of the chini-tikri work of Kosaituli mosque, Old Dhaka, Bangladesh. It critically explores the interrelationship between the craft, existing social capital and informal heritage management.

This paper assesses the existing local policies, strategies and the top-down conservation efforts led by government and identifies the shortcomings. The study uses Kosaituli mosque as a case study as it displays some of the finest surviving examples of the chini-tikri work. Using observation, open-ended interview and focus group discussion as research tools, the study explores the challenges that the craft and craftsman faces, how existing social capital supports the informal heritage management process and the interrelationship between these critical elements.

The results shows two clear issues. First, the informal heritage management system has been continuing to protect and manage the local heritage while fighting several challenges. Second, though they require external support, they want to keep the “community ownership.” The study recommends how the craftsman can be revived through incentives and capacity building to facilitate the survival of the craft with a three-step process: identifying the rare craftsmen, providing them due recognition and transferring the traditional knowledge to the next generation.

No similar prior studies were carried out in Old Dhaka that focus on this subject. This paper can contribute in new policy formation not only for Bangladesh but also will potentially guide other cities that face similar challenges of disappearing craft and craftsman.

This paper aims to provide a new approach for the credit risk management process of profit and loss sharing instruments in Islamic banks.

Three credit risk management steps are elaborated for profit and loss sharing instruments.

First, a new credit risk definition compatible with profit and loss sharing instruments is done. Connected to this definition, possible credit risk factors are identified. Second, in terms of credit risk measurement, a general framework for credit scoring of prospective customer‐agents is drawn. Lastly, three groups of credit risk mitigation tools are suggested.

The paper can be developed further by empirical analyses and case studies.

Even though credit risk is a well‐known and deeply elaborated financial concept in conventional literature, its unique characteristics in terms of profit and loss sharing instruments have not been sufficiently elaborated in Islamic finance literature. This paper is an attempt to fill in this gap.

This paper aims to examine the functioning and organizational structure of the historic Andalusian water courts, institutions of Islamic origin whose basic model should be considered in light of the regulation of modern Islamic banking and finance.

The methodology of this study has been focused on the contextualization of al-Andalus during the European Middle Ages, highlighting its enormous contributions and implications in the creation of Western knowledge. In the same way, the ordinances of the Castilian-Aragonese kings, aimed at the persistence of the Andalusian water courts in the Southeast of Spain after the Muslim period, have been used as the main sources of reference.

This research has detected that the main features of the Andalusian water courts, i.e. integrity, democracy, transparency, credibility, moral authority or simplicity (among many others), can be conveniently replicated in the scope of the current Islamic banking and finance.

Several implications can be derived from this study: first, it highlights the total resilience of a regulatory model that “it was already there,” given by the history of the Andalusian civilization. This model will be always welcomed by the Muslim community in Western countries as it is a matter of regulating themselves according to the way their ancestors did. The main limitation faced by this research is the relative scarcity of original sources, which is justifiable given that most of the royal ordinances come from the 13th century, having unfortunately lost a good number of sources over time.

This paper seeks a feasible alternative to the controversy arising from the resolution of possible disputes in Islamic banking and finance taking into account that Western judges do not know (nor do they have to) the principles on which this discipline is based. The application of the historical Andalusian model would allow the creation of an independent jurisdiction, while subordinated to the established juridic power, without contravening the principle of “jurisdictional unity.” The last element that gives an added value to this research is spreading the achievements of the Andalusian culture and civilization, unjustly omitted by a great part of the existing literature.

The purpose of this paper is to identify and rank critical factors influencing investment decisions of venture capitalists.

To identify and prioritize factors affecting investment decisions of venture capitalists, a two-phase methodology was adopted: in the first phase, critical factors influencing venture capitalists’ investment decisions were identified using exploratory factor analysis; the second phase entailed the use of a multi-criteria decision-making technique – analytical hierarchal process (AHP) which involved assigning weights to, and prioritizing the identified criteria and sub-criteria.

Seven factors were found to significantly influence investment decisions of venture capitalists: entrepreneur’s characteristics, product or services, market characteristics, management skills, financial consideration, economic environment and institutional and regulatory environment. Findings revealed that entrepreneur’s characteristics, financial consideration and product or services were prime influencers of venture capitalists’ investment decisions.

As for limitations, first, the study considers limited number of factors influencing investment decisions of venture capitalists; there may be other influencers not considered in this study. Second, the AHP methodology assumes that the various decision-making criteria and sub-criteria are independent of each other; in real life, there may be inter-dependency among criteria. Third, the hierarchal model has been tested in the Indian venture capital industry only, and generalizability of results with respect to other industries is questionable.

The present study identifies and ranks seven factors found to significantly influence investment decisions of venture capitalists. Venture capitalists could use this list of factors as a guideline before making investment decisions, and if considering all factors is not possible, take into account the factors given top rank so that they arrive at informed and intelligent decisions.

This study is the first to identify economic factors (economic environment and institutional & regulatory environment) as influencers of venture capitalists’ investment decisions. Further, no study in the past has attempted to rank or prioritize factors influencing venture capitalists’ investment decisions; this is the first attempt of the kind.

The purpose of this paper is to integrate conventional corporate governance (CG) mechanisms into the Islamic banking framework in order to examine their impact on Islamic banks (IBs) financial performance (IBFP) within the Gulf Cooperation Council (GCC) context.

The study uses a sample of 22 full-fledged IBs operating in the GCC countries over an 11-year period from 2005 to 2015. Using panel data approach, the paper develops an empirical model consists of five CG mechanisms and three control variables. The model parameters are estimated using feasible generalized least squares framework.

The results show that five internal CG mechanisms have statistically significant relationship with IBFP, measured by Q-ratio. Insider shareholding is found to be positively associated with IBFP, while institutional and government shareholdings are found to be negatively related to Q-ratio, the results being consistent with the agency theory, strategic alignment theory and property rights theory, respectively. Moreover, the results reveal that large board size and CSR engagement negatively influence IBFP, once again lending support to agency theory and trade off theory, respectively. The control variables, namely, leverage, size and age are also found to have a statistically significant relationship with IBFP.

IBs are urged to ensure transparency in the provision of innovative products fundamentally in contrast to conventional banking products as well as cater to the untapped markets by weaving Islamic values into the existing CG fabric, as a feasible solution to remain competitive.

The paper examines the relationship between internal CG mechanisms and financial performance of listed and non-listed full-fledged IBs operating in the GCC countries.