Original Research
Yusheng Kong; Albert Henry Ntarmah; Joana Cobbinah; Michael Verner Menyah
Volume 7, Issue 9 , September 2020, Pages 482-505
Abstract
We explored the impacts of banking system stability on sustainable development for the period 2000-2016 as well pre and post-global financial crisis periods. We employed econometric frameworks of dynamic fixed effects, system GMM and most recent estimator - panel quantile regression with fixed effects ...
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We explored the impacts of banking system stability on sustainable development for the period 2000-2016 as well pre and post-global financial crisis periods. We employed econometric frameworks of dynamic fixed effects, system GMM and most recent estimator - panel quantile regression with fixed effects to provide robust results from the conditional mean-based and parameter heterogeneity approaches. Our results revealed that, conditioning on other sustainable development determinants, banking system stability have significant impacts on sustainable development as well as empirical evidence of parameter heterogeneity response of sustainable development for countries conditionally distributed on low and high sustainable development path for both short-run and long-run. In addition, we established that, countries distributed on low sustainable development paths gain more from bank stabilization policies compared to countries on middle and higher sustainable development paths. Finally, we established vanishing adverse effects of banking system stability on sustainable development in the post-global financial crisis period.
Original Research
MD Tanjil Mollah; Ishtiak Ahmed Sakib
Volume 7, Issue 9 , September 2020, Pages 506-521
Abstract
Financial statement fraud had the most significant financial impact on companies when compared to the other categories of occupational fraud as per ACFE Report to the Nations 2014. This study aims to determine the value of Beneish M-Score and to identify whether selected pharmaceutical companies were ...
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Financial statement fraud had the most significant financial impact on companies when compared to the other categories of occupational fraud as per ACFE Report to the Nations 2014. This study aims to determine the value of Beneish M-Score and to identify whether selected pharmaceutical companies were manipulating there earnings or not. Financial information of 14 pharmaceutical companies was collected from their annual reports of 2014-18. This study finds that pharmaceutical companies of Bangladesh are engaged in Earnings Manipulation and they are doing it on a continuous basis. The results of our study show a deteriorating financial condition of pharmaceutical industry which should make the auditors and regulators more cautious in detecting financial statement frauds.
Review Article
Yasas L. Pathiranage; Lakmini V. K. Jayatilake; Ruwan Abeysekera
Volume 7, Issue 9 , September 2020, Pages 522-544
Abstract
Syntheses of existing literature provide a framework for a broader understanding of the current state of the organizational culture. This literature review synthesized the relevant literature pertaining to the role of organizational culture on business performance in a perspective of the corporate group. ...
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Syntheses of existing literature provide a framework for a broader understanding of the current state of the organizational culture. This literature review synthesized the relevant literature pertaining to the role of organizational culture on business performance in a perspective of the corporate group. The literature review comprised various published sources on the role of organizational culture, such as journals, periodicals, seminal books, and other published materials. The review focused on the conceptualization, measurement and examines various dimensions of organizational culture on corporate performance. After analysis of a wide range of renowned literature, it was found that organizational culture has a strong impact on the organizational performance. Empirical evidences further showed that lack of cultural integration between member companies was a primary cause of failure in corporate groups. Therefore, it is ascertained that cultural enhancing would result performance enhancement. Business managers are recommended to establish an effective organizational culture in order to enhance corporate performance. Therefore, how an effective organizational culture is established to enhance the corporate performance can be recognized as a needed research scope. Moreover, this paper highlighted the prevailing theoretical and empirical gaps in the area of organizational culture towards corporate performance, and hence the findings may be useful for future similar studies.
Conceptual Paper
Roghayyeh Aminikhah
Volume 7, Issue 9 , September 2020, Pages 545-557
Abstract
Existence of high uncertainty in economic fields and consequently need to efficient tools for covering risk resulted from these uncertainties is evident for everybody. One of the economical fields of our country which necessitate these tools is real estate and particularly leasing. Traditional contracts ...
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Existence of high uncertainty in economic fields and consequently need to efficient tools for covering risk resulted from these uncertainties is evident for everybody. One of the economical fields of our country which necessitate these tools is real estate and particularly leasing. Traditional contracts which are currently used are not satisfying the current needs and conditions any more. There are many tools which can develop them according to the landlords and tenants’ needs. At first, the expressions for options are described in this research. Then, the option and its role in land leasing contracts is discussed. Finally, the approaches for valuation of option of leasing contract are presented which is confirmed in Iran in addition to the validity of the model.
