Pub Date : 2022-06-24DOI: 10.15408/etk.v21i2.24304
Khoirul Sukma, A. Kurnia
Despite increasing awareness of the importance of countercyclical policies to overcome financial system instability, the potential leak of such policies comes to attention due to economic agents' risk-taking behavior. This paper aims to investigate the potential leaks of the policy. Using the Estimator General Method of Moments-difference (GMM-diff), we found evidence that macroprudential policies are less functional in controlling non-financial firms' credit growth than household credit growth. The result amplifies hesitation about the effectiveness of macroprudential policy caused by potential leaks coming from non-financial firms' risk-taking behavior. We also found that macroprudential policy in developing countries is less effective than in developed countries. Hence, the financial stability goal cannot rely solely on macroprudential policy. Instead, it needs support from other mutual policies, such as the capital control policy and transparent regulatory boundaries, to prevent partial risk shift from regulated financial institutions to unregulated, prevalent in the less developed financial system.JEL Classification: E42, E44, E52, E58
{"title":"Diverse Outreach of Macroprudential Policy Effect on Household and Non-Financial Corporate Loan: An Indication of Macroprudential Policy Leak?","authors":"Khoirul Sukma, A. Kurnia","doi":"10.15408/etk.v21i2.24304","DOIUrl":"https://doi.org/10.15408/etk.v21i2.24304","url":null,"abstract":"Despite increasing awareness of the importance of countercyclical policies to overcome financial system instability, the potential leak of such policies comes to attention due to economic agents' risk-taking behavior. This paper aims to investigate the potential leaks of the policy. Using the Estimator General Method of Moments-difference (GMM-diff), we found evidence that macroprudential policies are less functional in controlling non-financial firms' credit growth than household credit growth. The result amplifies hesitation about the effectiveness of macroprudential policy caused by potential leaks coming from non-financial firms' risk-taking behavior. We also found that macroprudential policy in developing countries is less effective than in developed countries. Hence, the financial stability goal cannot rely solely on macroprudential policy. Instead, it needs support from other mutual policies, such as the capital control policy and transparent regulatory boundaries, to prevent partial risk shift from regulated financial institutions to unregulated, prevalent in the less developed financial system.JEL Classification: E42, E44, E52, E58","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2022-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49572097","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-24DOI: 10.15408/etk.v21i2.25118
M. Sakanko, Jeremiah Nshe Manomi, Abubakar Ijoko, Usman Abdulkareem Audu
The study examines whether tax policies in Nigeria have similarimplications on the manufacturing sector’s output during the1994Q1-2020Q4 period using the ARDL bounds testing approach.The bounds testing result suggests the presence of cointegrationbetween tax policies and the manufacturing sector output. Further,the estimation results demonstrate that company income tax (CIT)and import tax are positively related to manufacturing sectoroutput. In contrast, value-added tax (VAT) has a negative effecton the manufacturing sector output, both in the short- and longterm.In addition, the results of the Granger causality test indicatea unidirectional causal relationship running from tax policies tothe manufacturing sector output and not vice versa. Thus, policiesand measures are recommended to prioritize the CIT and importtax, review the assortment in the VAT, and ensure accountabilityand transparency in the tax system.JEL Classification: C32, L60, H22
{"title":"Do Tax Policies in Nigeria Have Similar Implications for the Manufacturing Sector Output?","authors":"M. Sakanko, Jeremiah Nshe Manomi, Abubakar Ijoko, Usman Abdulkareem Audu","doi":"10.15408/etk.v21i2.25118","DOIUrl":"https://doi.org/10.15408/etk.v21i2.25118","url":null,"abstract":"The study examines whether tax policies in Nigeria have similarimplications on the manufacturing sector’s output during the1994Q1-2020Q4 period using the ARDL bounds testing approach.The bounds testing result suggests the presence of cointegrationbetween tax policies and the manufacturing sector output. Further,the estimation results demonstrate that company income tax (CIT)and import tax are positively related to manufacturing sectoroutput. In contrast, value-added tax (VAT) has a negative effecton the manufacturing sector output, both in the short- and longterm.In addition, the results of the Granger causality test indicatea unidirectional causal relationship running from tax policies tothe manufacturing sector output and not vice versa. Thus, policiesand measures are recommended to prioritize the CIT and importtax, review the assortment in the VAT, and ensure accountabilityand transparency in the tax system.JEL Classification: C32, L60, H22","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2022-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45358029","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-24DOI: 10.15408/etk.v21i2.25559
T. T. Diep, Văn Thuận Nguyễn
This research analyzes the factors that affect the credit growthof the Vietnamese commercial banking system. This study usedata from the annual reports and financial statements of 16commercial banks listed on the HOSE, HNX, and UPCOMexchanges that have operated continuously from 2011 to 2020.Two linear regression models were employed with two dependentvariables: the credit growth rate and credit size. The findingsindicate that credit size in the previous period, the annualgrowth rate of capital mobilization, bank size, and return onassets (ROA) positively affect the credit growth of Vietnamesecommercial banks while liquidity ratio negatively affects them.Also, the bad debt ratio’s effect on credit growth is unclear. Hence,some suggestions and recommendations are given for commercialbanks to maintain stable, safe, and sustainable credit growth.JEL Classification: G21, E50, E52
{"title":"Factors Affecting Credit Growth of Vietnamese Commercial Banks","authors":"T. T. Diep, Văn Thuận Nguyễn","doi":"10.15408/etk.v21i2.25559","DOIUrl":"https://doi.org/10.15408/etk.v21i2.25559","url":null,"abstract":"This research analyzes the factors that affect the credit growthof the Vietnamese commercial banking system. This study usedata from the annual reports and financial statements of 16commercial banks listed on the HOSE, HNX, and UPCOMexchanges that have operated continuously from 2011 to 2020.Two linear regression models were employed with two dependentvariables: the credit growth rate and credit size. The findingsindicate that credit size in the previous period, the annualgrowth rate of capital mobilization, bank size, and return onassets (ROA) positively affect the credit growth of Vietnamesecommercial banks while liquidity ratio negatively affects them.Also, the bad debt ratio’s effect on credit growth is unclear. Hence,some suggestions and recommendations are given for commercialbanks to maintain stable, safe, and sustainable credit growth.JEL Classification: G21, E50, E52","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2022-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43970811","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-24DOI: 10.15408/etk.v21i2.24131
Maghfira Rizky Maulani, N. Nuryakin, N. Hidayah
This study investigates the effect of knowledge, religiosity, andattitude on purchase intention. A more comprehensive studymodel is considered an effort to add to the literature on the studyof halal cosmetics, which is still very limited amid the progress ofthe halal cosmetics industry in Indonesia. The millennial samplewas used in this study and then analyzed using SEM. Accordingto the result, knowledge did not significantly impact purchaseintentions but played an essential role in influencing attitudes.Meanwhile, religiosity has been proven to significantly impact andcontribute the most to determining purchase intention but wasinsignificant in influencing attitudes. Finally, the result also foundthat attitudes mediated the influence of knowledge and religiosityon purchase intention. For this reason, industry players shouldpay more attention to religiosity in promoting their products.Consumers must be given additional knowledge to influencepositive consumer behavior, encouraging purchase intention. Theimplication of this study is limited to the millennial sample ofthe halal cosmetics product in Indonesia.JEL Classification: M31, M37
{"title":"Purchase Intention of Halal Cosmetics: The Mediating Role of Attitude","authors":"Maghfira Rizky Maulani, N. Nuryakin, N. Hidayah","doi":"10.15408/etk.v21i2.24131","DOIUrl":"https://doi.org/10.15408/etk.v21i2.24131","url":null,"abstract":"This study investigates the effect of knowledge, religiosity, andattitude on purchase intention. A more comprehensive studymodel is considered an effort to add to the literature on the studyof halal cosmetics, which is still very limited amid the progress ofthe halal cosmetics industry in Indonesia. The millennial samplewas used in this study and then analyzed using SEM. Accordingto the result, knowledge did not significantly impact purchaseintentions but played an essential role in influencing attitudes.Meanwhile, religiosity has been proven to significantly impact andcontribute the most to determining purchase intention but wasinsignificant in influencing attitudes. Finally, the result also foundthat attitudes mediated the influence of knowledge and religiosityon purchase intention. For this reason, industry players shouldpay more attention to religiosity in promoting their products.Consumers must be given additional knowledge to influencepositive consumer behavior, encouraging purchase intention. Theimplication of this study is limited to the millennial sample ofthe halal cosmetics product in Indonesia.JEL Classification: M31, M37","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2022-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48950831","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-24DOI: 10.15408/etk.v21i2.24548
M. Sarfraz, M. Abdullah, S. Arif, Jasim Tariq, Ilknur Ozturk
This study examines the relationship between corporate social responsibility (CSR) perceptions and customer loyalty in the banking sector while considering the mediating effects of customer satisfaction, corporate image, corporate reputation, service quality between CSR activities and customer loyalty. A self-administered survey was conducted on the banking customers in Pakistan. Based on 221 customers' data, the analysis was performed using the structural equation modeling (SEM) approach. The study results show that CSR positively influences customer loyalty in the banking sector, customer satisfaction, corporate image, and service quality affect the customer-business relationship. Notably, a new finding from the study highlights the importance of the mediating role of corporate image and service quality in enhancing the effect of CSR on customer satisfaction. The research findings provide valuable insights to banks in developing counties on developing a CSR strategy to strengthen customer loyalty.JEL Classification: M19, L21, M10, D22
{"title":"How Corporate Social Responsibility Enhance Banking Sector Customer Loyalty in Digital Environment? An Empirical Study","authors":"M. Sarfraz, M. Abdullah, S. Arif, Jasim Tariq, Ilknur Ozturk","doi":"10.15408/etk.v21i2.24548","DOIUrl":"https://doi.org/10.15408/etk.v21i2.24548","url":null,"abstract":"This study examines the relationship between corporate social responsibility (CSR) perceptions and customer loyalty in the banking sector while considering the mediating effects of customer satisfaction, corporate image, corporate reputation, service quality between CSR activities and customer loyalty. A self-administered survey was conducted on the banking customers in Pakistan. Based on 221 customers' data, the analysis was performed using the structural equation modeling (SEM) approach. The study results show that CSR positively influences customer loyalty in the banking sector, customer satisfaction, corporate image, and service quality affect the customer-business relationship. Notably, a new finding from the study highlights the importance of the mediating role of corporate image and service quality in enhancing the effect of CSR on customer satisfaction. The research findings provide valuable insights to banks in developing counties on developing a CSR strategy to strengthen customer loyalty.JEL Classification: M19, L21, M10, D22","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2022-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49010401","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-24DOI: 10.15408/etk.v21i2.25073
Buket Altınöz
This paper aims to determine the effect of agriculture sectordevelopment on CO2 emissions in 10 big emerging marketeconomies. This relationship is tested for the first time for emergingeconomies by using the panel quantile regression approach. Theresults suggest that agricultural value-added mitigate emissionsin lower, middle-lower, and upper quantile levels. This resultimplies that the agricultural sector is an effective policy toolin reducing pollution in these countries. Economic growth andnatural resources rent have a positive impact on pollution. Financialdevelopment only has an emission-reducing effect at the middleupperquantile level, while globalization has a negative impact onCO2 emissions both in the middle-upper and upper quantiles.These results justify the consideration of heterogeneous effects andallow clear policy implications. Moreover, the critical importanceof agricultural policies for environmental quality in these countriesis emphasized with concrete evidence.JEL Classification: O13, Q56, C33
{"title":"The Nexus among Agriculture Sector Development and Environmental Degradation in Emerging Economies","authors":"Buket Altınöz","doi":"10.15408/etk.v21i2.25073","DOIUrl":"https://doi.org/10.15408/etk.v21i2.25073","url":null,"abstract":"This paper aims to determine the effect of agriculture sectordevelopment on CO2 emissions in 10 big emerging marketeconomies. This relationship is tested for the first time for emergingeconomies by using the panel quantile regression approach. Theresults suggest that agricultural value-added mitigate emissionsin lower, middle-lower, and upper quantile levels. This resultimplies that the agricultural sector is an effective policy toolin reducing pollution in these countries. Economic growth andnatural resources rent have a positive impact on pollution. Financialdevelopment only has an emission-reducing effect at the middleupperquantile level, while globalization has a negative impact onCO2 emissions both in the middle-upper and upper quantiles.These results justify the consideration of heterogeneous effects andallow clear policy implications. Moreover, the critical importanceof agricultural policies for environmental quality in these countriesis emphasized with concrete evidence.JEL Classification: O13, Q56, C33","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2022-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42336297","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-24DOI: 10.15408/etk.v21i2.24653
Dio Alfarago, Azas Mabrur
This study provides information about the likelihood of the natureof fraud companies so that investors and stakeholders can makebetter decisions. The Beneish model and the fraud theory aretwo well-developed ideas for understanding fraud motivationsand detecting earnings manipulation in a corporation. Unlikeprevious studies using the fraud triangle, this study uses the latesttheory (the fraud hexagon) perspective to detect fraud actions.Thus, this study aims to examine the applicability of the fraudhexagon components in combination with the M-score fromthe Beneish model. Seventy-six manufacturing firms listed onIndonesia Stock Exchange from 2015 to 2019 were chosen assamples. The findings confirmed that enterprises with fraud tendto: be more financially stable, be more leveraged, have higherprofitability, have cooperation projects with the government, havemore related-party transactions, have more auditor changes, beless liquid, less changing directors, be less supervised, and lessdisplay CEO.’s picture.JEL Classification: K40, K42
{"title":"Do Fraud Hexagon Components Promote Fraud in Indonesia?","authors":"Dio Alfarago, Azas Mabrur","doi":"10.15408/etk.v21i2.24653","DOIUrl":"https://doi.org/10.15408/etk.v21i2.24653","url":null,"abstract":"This study provides information about the likelihood of the natureof fraud companies so that investors and stakeholders can makebetter decisions. The Beneish model and the fraud theory aretwo well-developed ideas for understanding fraud motivationsand detecting earnings manipulation in a corporation. Unlikeprevious studies using the fraud triangle, this study uses the latesttheory (the fraud hexagon) perspective to detect fraud actions.Thus, this study aims to examine the applicability of the fraudhexagon components in combination with the M-score fromthe Beneish model. Seventy-six manufacturing firms listed onIndonesia Stock Exchange from 2015 to 2019 were chosen assamples. The findings confirmed that enterprises with fraud tendto: be more financially stable, be more leveraged, have higherprofitability, have cooperation projects with the government, havemore related-party transactions, have more auditor changes, beless liquid, less changing directors, be less supervised, and lessdisplay CEO.’s picture.JEL Classification: K40, K42","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2022-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46262688","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-24DOI: 10.15408/etk.v21i2.21602
Tayaba Patel, H. Bakari
Leadership is a paramount factor in enhancing employee innovation and creativity. This study aims to test the impact of paternalistic leadership (PL) on employees’ innovative work behavior (IWB) and to check the mediating role of employee Psychological Safety (PS). Using positivistic philosophy and a deductive approach, this study has employed a convenience sampling technique to collect data through questionnaires from 317 employees working in the Textile and IT industries. Partial Least Square Structural equation modeling (PLS-SEM) is used to analyze the data. Findings suggest that psychological safety was positively related to innovative work behavior and psychological safety mediated this link. This study is among very few studies that have tested the paternalistic leadership style in the innovative context of Pakistan. A major contribution for practitioners is to know that paternalistic leadership will enhance employee innovative work behavior through psychological safety. Moreover, data from the textile and software industries also increased the relevance and originality of this study.JEL Classification: J24, J28, O31, L67, L86
{"title":"The Impact of Paternalistic Leadership on Innovative Work Behavior. A Test of Mediation Model.","authors":"Tayaba Patel, H. Bakari","doi":"10.15408/etk.v21i2.21602","DOIUrl":"https://doi.org/10.15408/etk.v21i2.21602","url":null,"abstract":"Leadership is a paramount factor in enhancing employee innovation and creativity. This study aims to test the impact of paternalistic leadership (PL) on employees’ innovative work behavior (IWB) and to check the mediating role of employee Psychological Safety (PS). Using positivistic philosophy and a deductive approach, this study has employed a convenience sampling technique to collect data through questionnaires from 317 employees working in the Textile and IT industries. Partial Least Square Structural equation modeling (PLS-SEM) is used to analyze the data. Findings suggest that psychological safety was positively related to innovative work behavior and psychological safety mediated this link. This study is among very few studies that have tested the paternalistic leadership style in the innovative context of Pakistan. A major contribution for practitioners is to know that paternalistic leadership will enhance employee innovative work behavior through psychological safety. Moreover, data from the textile and software industries also increased the relevance and originality of this study.JEL Classification: J24, J28, O31, L67, L86","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2022-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48767920","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
MSME business should be built based on circular economy (CE)-based business models. The purpose of this article is to presenta review of several articles that have been published in Scopusdiscussing the CE-based business model and MSMEs to findresearch gaps and future research agendas. It used some tools of thetheoretical assay, such as bibliometric analysis, systematic literaturereview, theory, context, and characteristic methodology (TCCM).The paper outlines all findings of analyzed literature about CE’sbusiness model applied by MSME in the Scopus document untilJune 2021. The findings of this study provided more high-qualityevidence about research and practical gaps regarding the CE-basedbusiness model and MSME, which needs more research focuseson market desirability in the future and more understanding ofinternal processes in MSME’s case studies. The implication of thisarticle is to provide a future research agenda based on a collectionof research gaps as a basis for empirical research.JEL Classification: L26, M10, Q56
{"title":"Circular Economy Business Models in the Micro, Small, and Medium Enterprises: A Review","authors":"Astadi Pangarso, Kristina Sisilia, Yahya Peranginangin","doi":"10.15408/etk.v21i2.24052","DOIUrl":"https://doi.org/10.15408/etk.v21i2.24052","url":null,"abstract":"MSME business should be built based on circular economy (CE)-based business models. The purpose of this article is to presenta review of several articles that have been published in Scopusdiscussing the CE-based business model and MSMEs to findresearch gaps and future research agendas. It used some tools of thetheoretical assay, such as bibliometric analysis, systematic literaturereview, theory, context, and characteristic methodology (TCCM).The paper outlines all findings of analyzed literature about CE’sbusiness model applied by MSME in the Scopus document untilJune 2021. The findings of this study provided more high-qualityevidence about research and practical gaps regarding the CE-basedbusiness model and MSME, which needs more research focuseson market desirability in the future and more understanding ofinternal processes in MSME’s case studies. The implication of thisarticle is to provide a future research agenda based on a collectionof research gaps as a basis for empirical research.JEL Classification: L26, M10, Q56","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2022-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43852872","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-24DOI: 10.15408/etk.v21i2.18677
Khairul Anwar Mohd Nor, Mohd Adib Ismail, Muhammad Hakimi Mohd Shafiai, K. Hasbullah, Mohd Noor Mohd Ali
Social exclusion among independent smallholders of the oil palm sector is a socioeconomic problem that is closely linked to the incidence of poverty and economic inequality. Although there are several Islamic banking institutions that provide micro credit to the farmers, but not received much response due to lack of attractiveness and non-competitive features especially to independent smallholder. Therefore, other channels like philanthropy are seen as an alternative for smallholder empowerment in the form of integration between zakat business capital, and business incubators as mechanisms to address these issues. The objective of this study is to examine the role of Islamic philanthropic instruments of zakat and waqf in addressing the problem. The methods used in this study are based on qualitative approach like research interviews, observations, written expert experiences, and research publications. The findings provide valuable insights for stakeholders into Islamic philanthropy role and the importance of exposure in improving ISH performance, which could help them in (re-) align their agricultural practices and formulating strategies for industry player’s guidance.JEL Classification: A13, G21, J24, Q02, Z12
{"title":"Islamic Philantropy Adaptation Towards Financial Social Exclusion Among Independen Oil Palm Smallholder","authors":"Khairul Anwar Mohd Nor, Mohd Adib Ismail, Muhammad Hakimi Mohd Shafiai, K. Hasbullah, Mohd Noor Mohd Ali","doi":"10.15408/etk.v21i2.18677","DOIUrl":"https://doi.org/10.15408/etk.v21i2.18677","url":null,"abstract":"Social exclusion among independent smallholders of the oil palm sector is a socioeconomic problem that is closely linked to the incidence of poverty and economic inequality. Although there are several Islamic banking institutions that provide micro credit to the farmers, but not received much response due to lack of attractiveness and non-competitive features especially to independent smallholder. Therefore, other channels like philanthropy are seen as an alternative for smallholder empowerment in the form of integration between zakat business capital, and business incubators as mechanisms to address these issues. The objective of this study is to examine the role of Islamic philanthropic instruments of zakat and waqf in addressing the problem. The methods used in this study are based on qualitative approach like research interviews, observations, written expert experiences, and research publications. The findings provide valuable insights for stakeholders into Islamic philanthropy role and the importance of exposure in improving ISH performance, which could help them in (re-) align their agricultural practices and formulating strategies for industry player’s guidance.JEL Classification: A13, G21, J24, Q02, Z12","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2022-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45911542","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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