Pub Date : 2022-01-01DOI: 10.58753/jbspust.3.1.2022.13
M. Hossain, Md. Soleman Mollik
Purpose: The study aims to investigate how social media platforms (SMPs) affect the tourist community to evoke emotions and behavioral intention to create tourism value and visit well-known tourist spots in Bangladesh. Methodology: Using 5 points Likert Scale, the survey data of 550 respondents have been collected and analyzed finally and 84 responses have been discarded due to being incomplete in nature. SPSS 23.0 version has been adopted to analyze the variables. Findings: The results show that SMPs significantly affect the emotions of tourists in terms of joy, love, positive surprise, and subsequently drive the behavioral intention of co-creation and visit the preferable tourist spots. In some prior studies, the effect of joy was revealed as insignificant in this regard. However, in this study, the effect of joy is a very significant one to instigate the tourist’s emotions and behavior. Practical Implications: The contribution of this study is mainly two-fold. Firstly, from the theoretical perspective, it has been found that SMPs and destination brand preferences have an insightful relationship. Secondly, the authorities in charge of the destination can concentrate on setting up efficient social media platforms to generate more insightful information about destination brands, leading to the development of feelings and intentions to co-create and visit the spots. Originality: This study has been conducted as our own and not copied from any source. This would add new knowledge to the tourism sectors of Bangladesh focusing on SMPs. Limitations: This study focuses mostly on the people using SMPs to co-create and visit the destinations. The results may not be alike for the people who don’t use SMPs for tourism purposes. The bigger sample size could generate more specific results in this regard. Future research can be conducted focusing on other emotional variables like anxiety, boredom, and well-being.
目的:研究社交媒体平台(social media platforms, SMPs)如何影响旅游群体，激发情感和行为意愿，从而创造旅游价值，并游览孟加拉国知名旅游景点。方法:采用5点李克特量表，最终收集和分析了550名受访者的调查数据，其中84份因性质不完整而被丢弃。采用SPSS 23.0版本对变量进行分析。结果表明:SMPs显著影响游客的喜悦、爱、积极惊喜情绪，进而驱动游客的共同创造行为意愿，进而推动游客优选旅游景点。在之前的一些研究中，快乐的影响在这方面是微不足道的。然而，在本研究中，快乐对游客的情绪和行为的影响是非常显著的。实际意义:本研究的贡献主要有两个方面。首先，从理论角度出发，我们发现smp与目的地品牌偏好之间存在着深刻的关系。其次，目的地主管部门可以专注于建立高效的社交媒体平台，以产生更多关于目的地品牌的有洞察力的信息，从而产生共同创造和参观景点的感觉和意图。原创性:本研究是我们自己进行的，没有从任何来源复制。这将为侧重于中小型企业的孟加拉国旅游部门增加新的知识。局限性:本研究主要关注使用smp共同创建和访问目的地的人群。对于那些不以旅游为目的使用smp的人来说，结果可能不一样。更大的样本量可以在这方面产生更具体的结果。未来的研究可以集中在其他情绪变量上，比如焦虑、无聊和幸福感。
{"title":"Exploring the impact of Social Media Platforms on Instigating Tourist’s Emotions and Behavioral Intentions to Co-Create and Visit Tourist Spots- Bangladesh Perspective","authors":"M. Hossain, Md. Soleman Mollik","doi":"10.58753/jbspust.3.1.2022.13","DOIUrl":"https://doi.org/10.58753/jbspust.3.1.2022.13","url":null,"abstract":"Purpose: The study aims to investigate how social media platforms (SMPs) affect the tourist community to evoke emotions and behavioral intention to create tourism value and visit well-known tourist spots in Bangladesh. Methodology: Using 5 points Likert Scale, the survey data of 550 respondents have been collected and analyzed finally and 84 responses have been discarded due to being incomplete in nature. SPSS 23.0 version has been adopted to analyze the variables. Findings: The results show that SMPs significantly affect the emotions of tourists in terms of joy, love, positive surprise, and subsequently drive the behavioral intention of co-creation and visit the preferable tourist spots. In some prior studies, the effect of joy was revealed as insignificant in this regard. However, in this study, the effect of joy is a very significant one to instigate the tourist’s emotions and behavior. Practical Implications: The contribution of this study is mainly two-fold. Firstly, from the theoretical perspective, it has been found that SMPs and destination brand preferences have an insightful relationship. Secondly, the authorities in charge of the destination can concentrate on setting up efficient social media platforms to generate more insightful information about destination brands, leading to the development of feelings and intentions to co-create and visit the spots. Originality: This study has been conducted as our own and not copied from any source. This would add new knowledge to the tourism sectors of Bangladesh focusing on SMPs. Limitations: This study focuses mostly on the people using SMPs to co-create and visit the destinations. The results may not be alike for the people who don’t use SMPs for tourism purposes. The bigger sample size could generate more specific results in this regard. Future research can be conducted focusing on other emotional variables like anxiety, boredom, and well-being.","PeriodicalId":55618,"journal":{"name":"South Asian Journal of Business Studies","volume":"8 1","pages":""},"PeriodicalIF":2.4,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88994530","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}
Purposes – The purposes of the study are to investigate the likelihood of poverty as a result of the employment crisis, specify the coping mechanisms available for dealing with the employment crisis, and evaluate the institutional support available for reducing the employment crisis. Design/ methodology/ approach – This study’s data collection and analysis employed an exploratory research design. The investigation included both a literature review and an empirical investigation. This survey's empirical data were gathered through the use of a structured questionnaire pertaining to the study's factors involved. Findings – The total average of "agree" and "strongly agree" answers about the perceived employment crisis is 79.83%. The possible risk of poverty is 80%, getting help from institutions is 69.46%, and the ability to find a job during and after graduation is 84.36% according to the results of the study. Practical implications – Fresh graduates are facing a desperate employment situation. It's evident that this empirical study was initiated to detect what particular circumstances are responsible for the employment crisis and poverty risk of graduates and look for adaptation mechanisms and institutional assistance to reduce this crisis. Research limitation – Due to the voluntary nature of the responses and the majority of respondents' lack of interest, data collection was extremely challenging. One hundred and fifty participants limited the scope of the study. Orginality/ value – According to the study, mechanisms and institutional assistance are needed to consolidate the employment crisis and address graduate unemployment, but they are unsustainable in the context of Bangladesh. However, based on the results of this study, recommendations have been provided to overcome this consequential problem.
{"title":"Institutional Assistance and Adaptation of Fresh Graduates Facing Employment Crisis and Poverty","authors":"Md. Hasebur Rahman, Md. Merajul Islam, Momtaj Parvin, Niger Sultana, Md. Asfaqur Rahman","doi":"10.58753/jbspust.3.1.2022.8","DOIUrl":"https://doi.org/10.58753/jbspust.3.1.2022.8","url":null,"abstract":"Purposes – The purposes of the study are to investigate the likelihood of poverty as a result of the employment crisis, specify the coping mechanisms available for dealing with the employment crisis, and evaluate the institutional support available for reducing the employment crisis. Design/ methodology/ approach – This study’s data collection and analysis employed an exploratory research design. The investigation included both a literature review and an empirical investigation. This survey's empirical data were gathered through the use of a structured questionnaire pertaining to the study's factors involved. Findings – The total average of \"agree\" and \"strongly agree\" answers about the perceived employment crisis is 79.83%. The possible risk of poverty is 80%, getting help from institutions is 69.46%, and the ability to find a job during and after graduation is 84.36% according to the results of the study. Practical implications – Fresh graduates are facing a desperate employment situation. It's evident that this empirical study was initiated to detect what particular circumstances are responsible for the employment crisis and poverty risk of graduates and look for adaptation mechanisms and institutional assistance to reduce this crisis. Research limitation – Due to the voluntary nature of the responses and the majority of respondents' lack of interest, data collection was extremely challenging. One hundred and fifty participants limited the scope of the study. Orginality/ value – According to the study, mechanisms and institutional assistance are needed to consolidate the employment crisis and address graduate unemployment, but they are unsustainable in the context of Bangladesh. However, based on the results of this study, recommendations have been provided to overcome this consequential problem.","PeriodicalId":55618,"journal":{"name":"South Asian Journal of Business Studies","volume":"4 1","pages":""},"PeriodicalIF":2.4,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78865879","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 : 2022-01-01DOI: 10.58753/jbspust.3.1.2022.16
Sheikh Majedul Huq
Purpose: The aim of the present study was to investigate the elements that influence Bangladeshi banking customers’ satisfaction. Quality of Service (QoS) refers to how well it meets the needs of its present and potential customers. As a result, estimating service quality is extremely important for banking organizations. Methodology: A survey research method has been used involving 255 mobile banking holders in the northern area of Bangladesh. A self-administrated survey has been given to the customers of Dutch Bangla Bank Limited (DBBL) and BRAC Bank Limited two full-fledged, early M banking service providers in Bangladesh. Findings: According to the test results, client satisfaction is positively correlated with the four SERVQUAL criteria of reliability, assurance, empathy, and responsiveness (apart from tangible). Practical Implication: The investigation results can be interpreted theoretically and practically. Research Limitations: The number of respondents who participated in the study could have been higher.
{"title":"Measuring Clients’ Satisfaction towards the Mobile Banking Services in the Northern Area of Bangladesh","authors":"Sheikh Majedul Huq","doi":"10.58753/jbspust.3.1.2022.16","DOIUrl":"https://doi.org/10.58753/jbspust.3.1.2022.16","url":null,"abstract":"Purpose: The aim of the present study was to investigate the elements that influence Bangladeshi banking customers’ satisfaction. Quality of Service (QoS) refers to how well it meets the needs of its present and potential customers. As a result, estimating service quality is extremely important for banking organizations. Methodology: A survey research method has been used involving 255 mobile banking holders in the northern area of Bangladesh. A self-administrated survey has been given to the customers of Dutch Bangla Bank Limited (DBBL) and BRAC Bank Limited two full-fledged, early M banking service providers in Bangladesh. Findings: According to the test results, client satisfaction is positively correlated with the four SERVQUAL criteria of reliability, assurance, empathy, and responsiveness (apart from tangible). Practical Implication: The investigation results can be interpreted theoretically and practically. Research Limitations: The number of respondents who participated in the study could have been higher.","PeriodicalId":55618,"journal":{"name":"South Asian Journal of Business Studies","volume":"37 1","pages":""},"PeriodicalIF":2.4,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78031953","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 : 2022-01-01DOI: 10.58753/jbspust.3.1.2022.3
M. Islam, M. Rana
Purpose: The purpose of this study is to examine the impact of credit risk management indicators on the performance of Bangladesh’s state-owned commercial banks. Six state-owned commercial banks’ perspectives and board information are used in the examination. Methodology: In order to conduct the examination, Stata 14.2 programming was used. It is used to determine how rational it is to distribute an arbitrary variable that is fundamental to the informative index. Then, the Leven Lin Chu unit root test and Hadri LM unit root test were used to determine if the variables used were stationary. Findings: I looked at correlation coefficients and variance-inflating factors to see if there were any difficulties with multicollinearity among free factors. The focus also employs illuminating factual examination to outline the impact of credit risk and board factors on productivity, as well as relationship lattice to assess the degree of connections between the autonomous factors and the benefit of state-owned commercial banks. Using a fixed impact and pooled OLS relapses, I can see that credit hazard significantly affects benefits. According to the law, banks are obligated to enhance their credit hazard. It is important to keep an eye on non-performing advances, functional gambles, and financing cost hazard in addition to the subjective resource portfolio that was considered to have a significant impact on productivity. Practical Implications: The findings of this analysis have some managerial implications. This study gives managers actual evidence on the impact of credit risk management indicators on bank performance, allowing them to discover ways to improve bank performance. Policymakers, regulators, and bank management should pay more attention to credit risk management indicators. Regulators should guarantee banks implement credit risk management rules to build a robust banking industry and achieve sustainable development goals. Originality: This paper is, as far as we know, the first detailed empirical analysis using the most recent data to look at how credit risk management indicators affect the performance of Bangladesh’s state-owned commercial banks.
目的:本研究的目的是研究信贷风险管理指标对孟加拉国国有商业银行绩效的影响。调查采用了六家国有商业银行的视角和董事会信息。方法学:采用Stata 14.2编程进行检查。它用于确定对信息索引至关重要的任意变量的分布是否合理。然后，采用Leven Lin Chu单位根检验和Hadri LM单位根检验来确定所使用的变量是否平稳。发现:我查看了相关系数和方差膨胀因子，看看自由因子之间的多重共线性是否有任何困难。本文还采用启发性的事实检验来概述信贷风险和董事会因素对生产率的影响，以及关系格来评估自主因素与国有商业银行效益之间的联系程度。使用固定影响和汇总OLS复发，我可以看到信用风险显著影响收益。根据法律规定，银行有义务提高信用风险。除了被认为对生产率有重大影响的主观资源组合之外，还需要关注不良预付款、功能赌博和融资成本风险。实际意义:本分析的结果具有一定的管理意义。本研究为管理者提供了信用风险管理指标对银行绩效影响的实际证据，使他们能够发现提高银行绩效的方法。政策制定者、监管者和银行管理层应更加重视信用风险管理指标。监管机构应保证银行执行信用风险管理规则，以建设稳健的银行业，实现可持续发展目标。原创性:据我们所知，本文是第一次使用最新数据对信贷风险管理指标如何影响孟加拉国国有商业银行绩效进行详细的实证分析。
{"title":"The Influence of Credit Risk Management Indicators on Profitability Attributes: Empirical evidence from the State-Owned Commercial Banks in Bangladesh","authors":"M. Islam, M. Rana","doi":"10.58753/jbspust.3.1.2022.3","DOIUrl":"https://doi.org/10.58753/jbspust.3.1.2022.3","url":null,"abstract":"Purpose: The purpose of this study is to examine the impact of credit risk management indicators on the performance of Bangladesh’s state-owned commercial banks. Six state-owned commercial banks’ perspectives and board information are used in the examination. Methodology: In order to conduct the examination, Stata 14.2 programming was used. It is used to determine how rational it is to distribute an arbitrary variable that is fundamental to the informative index. Then, the Leven Lin Chu unit root test and Hadri LM unit root test were used to determine if the variables used were stationary. Findings: I looked at correlation coefficients and variance-inflating factors to see if there were any difficulties with multicollinearity among free factors. The focus also employs illuminating factual examination to outline the impact of credit risk and board factors on productivity, as well as relationship lattice to assess the degree of connections between the autonomous factors and the benefit of state-owned commercial banks. Using a fixed impact and pooled OLS relapses, I can see that credit hazard significantly affects benefits. According to the law, banks are obligated to enhance their credit hazard. It is important to keep an eye on non-performing advances, functional gambles, and financing cost hazard in addition to the subjective resource portfolio that was considered to have a significant impact on productivity. Practical Implications: The findings of this analysis have some managerial implications. This study gives managers actual evidence on the impact of credit risk management indicators on bank performance, allowing them to discover ways to improve bank performance. Policymakers, regulators, and bank management should pay more attention to credit risk management indicators. Regulators should guarantee banks implement credit risk management rules to build a robust banking industry and achieve sustainable development goals. Originality: This paper is, as far as we know, the first detailed empirical analysis using the most recent data to look at how credit risk management indicators affect the performance of Bangladesh’s state-owned commercial banks.","PeriodicalId":55618,"journal":{"name":"South Asian Journal of Business Studies","volume":"167 1","pages":""},"PeriodicalIF":2.4,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80084953","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 : 2022-01-01DOI: 10.58753/jbspust.3.1.2022.9
S. Alam
Purpose: The main objective of this study is to identify the problems and prospects of tourism and hospitality higher education in Bangladesh. Methodology: The study conducted an in-depth interview with 40 stakeholders including general education specialists, subject educators, alumni students, practitioners, and policymakers. It also conducted a focus group discussion (FGD) with eight experts in this field. Respondents for in-depth interviews and the FGD were selected from the stakeholders by using convenient and judgmental sampling techniques. Narrative analysis method is used to analyze the interview data of individual respondents. Findings: The study found that seven public universities, nine private universities, and nine colleges under the National University offered degrees in tourism and hospitality management in this country. About eighty-five faculty members teach in this sector, yet less than 20 percent possess graduate and post-graduate degrees in tourism and hotel management. The analysis of the study revealed some significant problems including: less industry focused curricula and teaching-learning methods, no uniform national guidelines, poor infrastructure, and teaching staff with a predominantly non-tourism background. In addition, lack of foreign-trained faculty, entry of reluctant students, and a negative social perception of tourism occupations all pose difficulties for the industry. Practical Implications: This study helps the stakeholders to understand the problems and prospects of tourism and hospitality education in Bangladesh and empower themselves to overcome these problems. Originality: This study reveals the underlying problems and some strategic solutions for tourism and hospitality education in Bangladesh. Research Limitations: If the study can use different quantitative measures then it will be more specific.
{"title":"Tourism and Hospitality Management Education in Bangladesh: Problems and Prospects","authors":"S. Alam","doi":"10.58753/jbspust.3.1.2022.9","DOIUrl":"https://doi.org/10.58753/jbspust.3.1.2022.9","url":null,"abstract":"Purpose: The main objective of this study is to identify the problems and prospects of tourism and hospitality higher education in Bangladesh. Methodology: The study conducted an in-depth interview with 40 stakeholders including general education specialists, subject educators, alumni students, practitioners, and policymakers. It also conducted a focus group discussion (FGD) with eight experts in this field. Respondents for in-depth interviews and the FGD were selected from the stakeholders by using convenient and judgmental sampling techniques. Narrative analysis method is used to analyze the interview data of individual respondents. Findings: The study found that seven public universities, nine private universities, and nine colleges under the National University offered degrees in tourism and hospitality management in this country. About eighty-five faculty members teach in this sector, yet less than 20 percent possess graduate and post-graduate degrees in tourism and hotel management. The analysis of the study revealed some significant problems including: less industry focused curricula and teaching-learning methods, no uniform national guidelines, poor infrastructure, and teaching staff with a predominantly non-tourism background. In addition, lack of foreign-trained faculty, entry of reluctant students, and a negative social perception of tourism occupations all pose difficulties for the industry. Practical Implications: This study helps the stakeholders to understand the problems and prospects of tourism and hospitality education in Bangladesh and empower themselves to overcome these problems. Originality: This study reveals the underlying problems and some strategic solutions for tourism and hospitality education in Bangladesh. Research Limitations: If the study can use different quantitative measures then it will be more specific.","PeriodicalId":55618,"journal":{"name":"South Asian Journal of Business Studies","volume":"487 1","pages":""},"PeriodicalIF":2.4,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77052047","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 : 2022-01-01DOI: 10.58753/jbspust.3.1.2022.12
R. Rekha, Md. Ikbal Hossain
Purpose: Every component of the global financial system has suffered serious harm due to the present COVID-19 pandemic, and Bangladesh is not an exception. The banking sector’s performance and profitability have been impacted as a result. In this paper, we analyze the effect of COVID-19 pandemic on the financial performance of banking sector in Bangladesh before and throughout the present era of COVID-19. Methodology: In this regard, the study considered the 14 banks over the period of 2014-2021. The random-effects regression model is utilized to identify the profitability drivers. The random effect model investigates the influence of bank-specific variables and macroeconomic variables on the profitability of banks. Findings: During the pandemic era of COVID-19, our article found that a high degree of nonperforming loans, retaining more liquid assets, and a significant amount of hedging funds reduced banks' profitability. In contrast, a suitable bank size, non-interest revenue, inflation rate, and population growth increased the bank's performance indicators throughout this time. Practical Implications: This study's findings will aid financial policymakers in identifying profit-enhancing loopholes and implementing preventative actions during crisis periods such as COVID-19. Originality: The profit influencing factor include both bank and economic oriented, some of which were not previously considered in Bangladesh-specific studies. Incorporating these additional criteria and the independent examination of the pandemic era helps us to get new perspectives on the elements that influence commercial banks’ profitability.
{"title":"The Effect of COVID-19 on the Profitability of Commercial Banks in Bangladesh","authors":"R. Rekha, Md. Ikbal Hossain","doi":"10.58753/jbspust.3.1.2022.12","DOIUrl":"https://doi.org/10.58753/jbspust.3.1.2022.12","url":null,"abstract":"Purpose: Every component of the global financial system has suffered serious harm due to the present COVID-19 pandemic, and Bangladesh is not an exception. The banking sector’s performance and profitability have been impacted as a result. In this paper, we analyze the effect of COVID-19 pandemic on the financial performance of banking sector in Bangladesh before and throughout the present era of COVID-19. Methodology: In this regard, the study considered the 14 banks over the period of 2014-2021. The random-effects regression model is utilized to identify the profitability drivers. The random effect model investigates the influence of bank-specific variables and macroeconomic variables on the profitability of banks. Findings: During the pandemic era of COVID-19, our article found that a high degree of nonperforming loans, retaining more liquid assets, and a significant amount of hedging funds reduced banks' profitability. In contrast, a suitable bank size, non-interest revenue, inflation rate, and population growth increased the bank's performance indicators throughout this time. Practical Implications: This study's findings will aid financial policymakers in identifying profit-enhancing loopholes and implementing preventative actions during crisis periods such as COVID-19. Originality: The profit influencing factor include both bank and economic oriented, some of which were not previously considered in Bangladesh-specific studies. Incorporating these additional criteria and the independent examination of the pandemic era helps us to get new perspectives on the elements that influence commercial banks’ profitability.","PeriodicalId":55618,"journal":{"name":"South Asian Journal of Business Studies","volume":"7 1","pages":""},"PeriodicalIF":2.4,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87463308","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 : 2022-01-01DOI: 10.58753/jbspust.3.1.2022.14
M. Sufian
Purpose: This explanatory study aims to examine the compliance status of corporate governance mechanisms and their effect on stock performance of textile industry in Bangladesh. Methodology: Fifty annual reports of listed textile companies for the year 2019 have been taken as the sample to find the empirical result of this study. The statistics for description and interpretation of cross-sectional data have been used to explore and examine the causal relationship among variables under study. Findings: From the statistical analysis of governance variables, it is seen that 30% of the sample company have a minimum (5) member in the Board, whereas only 2% companies have more than 10 directors. Moreover, five companies having negative and low return on asset (ROA) do not comply with the governance code provision regarding independent directors. In addition to these, 18% companies have no female director on the Board and are violating the Board diversity policy of corporate governance. This study shows a significant and positive association between the gender diversity and the stock performance, which supports the lens of stakeholder and resource dependency theories and proves that the presence of female directors is an effective mechanism to protect the interest of outside resource providers and. But it infers that the presence of the independent director negatively affects the dependent variable, stock performance that is also statistically significant. Originality: The main value of the study is that it is the first paper in Bangladesh, which has considered the stock price change as proxy for stock performance as per author best knowledge. Practical Implications: The outcome of the paper is most likely to benefit the top managements and directors in formulating a suitable Board dimension, and policy makers in regulating the capital market in Bangladesh for making more informative decisions towards improving their surveillance and monitory systems and ensuring the compliance level of issuer. Research Limitations: This is cross-sectional study, which is limited to textile companies and does not consider primary data.
{"title":"The Impact of Corporate Governance on Stock Performance: Evidence from Bangladesh","authors":"M. Sufian","doi":"10.58753/jbspust.3.1.2022.14","DOIUrl":"https://doi.org/10.58753/jbspust.3.1.2022.14","url":null,"abstract":"Purpose: This explanatory study aims to examine the compliance status of corporate governance mechanisms and their effect on stock performance of textile industry in Bangladesh. Methodology: Fifty annual reports of listed textile companies for the year 2019 have been taken as the sample to find the empirical result of this study. The statistics for description and interpretation of cross-sectional data have been used to explore and examine the causal relationship among variables under study. Findings: From the statistical analysis of governance variables, it is seen that 30% of the sample company have a minimum (5) member in the Board, whereas only 2% companies have more than 10 directors. Moreover, five companies having negative and low return on asset (ROA) do not comply with the governance code provision regarding independent directors. In addition to these, 18% companies have no female director on the Board and are violating the Board diversity policy of corporate governance. This study shows a significant and positive association between the gender diversity and the stock performance, which supports the lens of stakeholder and resource dependency theories and proves that the presence of female directors is an effective mechanism to protect the interest of outside resource providers and. But it infers that the presence of the independent director negatively affects the dependent variable, stock performance that is also statistically significant. Originality: The main value of the study is that it is the first paper in Bangladesh, which has considered the stock price change as proxy for stock performance as per author best knowledge. Practical Implications: The outcome of the paper is most likely to benefit the top managements and directors in formulating a suitable Board dimension, and policy makers in regulating the capital market in Bangladesh for making more informative decisions towards improving their surveillance and monitory systems and ensuring the compliance level of issuer. Research Limitations: This is cross-sectional study, which is limited to textile companies and does not consider primary data.","PeriodicalId":55618,"journal":{"name":"South Asian Journal of Business Studies","volume":"7 1","pages":""},"PeriodicalIF":2.4,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81285683","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}
Purpose: The present study investigates whether liquidity positively or negatively stimulates the profitability of commercial banks of Bangladesh. Methodology: The analysis has been performed on 5 randomly selected banks over a period of 10 years (2011-2020). The respective banks’ annual reports were the sources of secondary data based on which the study has been performed. For study purpose, dominant profitability ratios are studied along with the calculation of liquidity. ROA served profitability measures being considered as dependent variables whereas Loan-Deposit, Deposit-Assets, & Cash-Deposit ratios served liquidity measures being considered as independent variables. Ordinary Least Square Models have been made use of testing how liquidity affects the banking sector’s profitability. Findings: From the analysis, it is founded that a rise in the banks’ aforementioned liquidity ratio would escalate the Return on Assets i.e. profitability. Practical Implications: The study has evident that commercial banks of Bangladesh might have a better balance between the profitability and liquidity. Originality: The impact of liquidity on profitability has been stated in this paper which considered data from randomly selected 5 banks. The outcomes of the paper will demonstrate valuable addition to the existing research work in the related field. Research Limitations: Only 5 randomly selected commercial banks among 61 scheduled banks of Bangladesh were the study samples for which the overall financial scenario is difficult to know. It is also quite impossible to comment on the liquidity and profitability position as well as their relationship by considering only 5 banks.
{"title":"Assessing the Impact of Liquidity on Profitability: Specific to the Banking Industry of Bangladesh","authors":"Md Amirul Islam, Anowar Ullah, Md. Ashikur Rahman Avi, Md. Ashanuzzaman","doi":"10.58753/jbspust.3.1.2022.15","DOIUrl":"https://doi.org/10.58753/jbspust.3.1.2022.15","url":null,"abstract":"Purpose: The present study investigates whether liquidity positively or negatively stimulates the profitability of commercial banks of Bangladesh. Methodology: The analysis has been performed on 5 randomly selected banks over a period of 10 years (2011-2020). The respective banks’ annual reports were the sources of secondary data based on which the study has been performed. For study purpose, dominant profitability ratios are studied along with the calculation of liquidity. ROA served profitability measures being considered as dependent variables whereas Loan-Deposit, Deposit-Assets, & Cash-Deposit ratios served liquidity measures being considered as independent variables. Ordinary Least Square Models have been made use of testing how liquidity affects the banking sector’s profitability. Findings: From the analysis, it is founded that a rise in the banks’ aforementioned liquidity ratio would escalate the Return on Assets i.e. profitability. Practical Implications: The study has evident that commercial banks of Bangladesh might have a better balance between the profitability and liquidity. Originality: The impact of liquidity on profitability has been stated in this paper which considered data from randomly selected 5 banks. The outcomes of the paper will demonstrate valuable addition to the existing research work in the related field. Research Limitations: Only 5 randomly selected commercial banks among 61 scheduled banks of Bangladesh were the study samples for which the overall financial scenario is difficult to know. It is also quite impossible to comment on the liquidity and profitability position as well as their relationship by considering only 5 banks.","PeriodicalId":55618,"journal":{"name":"South Asian Journal of Business Studies","volume":"6 1","pages":""},"PeriodicalIF":2.4,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73842843","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 : 2022-01-01DOI: 10.58753/jbspust.3.1.2022.10
M. Mamun, Hasibul Islam, Nayan Kumar Sarker
Purpose: The aim of the research is to explore the affiliation between banks performance and capital adequacy in Bangladesh. Methodology: A total of 20 listed conventional banks are selected as a sample covering a period of 11 years from 2010-2020. The analysis of the study is conducted with help of correlation and multivariate fixed effect regression analysis to examine how the capital adequacy ratio (CAR), the credit deposit ratio (CDR), and the cost-income ratio (CIR) influence the performance of banks. Findings: With the use of correlation and regression analysis, the researchers have come to the conclusion that the capital adequacy ratio (CAR) has a negative association with return on assets (ROA) and the cost-income ratio (CIR) has a negative relationship with return on assets (ROA), while the credit deposit ratio (CDR) has no relationship with return on assets (ROA). On the other hand, the capital adequacy ratio (CAR) and cost-income ratio (CIR) have a negative association with return on equity (ROE), but the credit deposit ratio (CDR) has a positive relationship with return on equity (ROE). The study concluded that capital adequacy and return on assets (ROA), as well as capital adequacy and return on equity (ROE), have a significant association. Thus, capital adequacy and banks' performance are significantly related. Practical Implications: The performance and credit deposit ratio is positively related. An increase in credit deposit ratio will increase the profitability. The cost income ratio is negatively related with profitability. Banks should maintain cost income ratio low as possible. The capital adequacy ratio is negatively related with profitability. An increase in capital adequacy ratio will reduce the profitability. Originality: This is an original research of researchers. The researchers attempt to examine the data using a large sample and sophisticated statistical tools to conduct the research. Research Limitations: The research is based on only the secondary data.
{"title":"Affiliation between Capital Adequacy and Performance of Banks in Bangladesh","authors":"M. Mamun, Hasibul Islam, Nayan Kumar Sarker","doi":"10.58753/jbspust.3.1.2022.10","DOIUrl":"https://doi.org/10.58753/jbspust.3.1.2022.10","url":null,"abstract":"Purpose: The aim of the research is to explore the affiliation between banks performance and capital adequacy in Bangladesh. Methodology: A total of 20 listed conventional banks are selected as a sample covering a period of 11 years from 2010-2020. The analysis of the study is conducted with help of correlation and multivariate fixed effect regression analysis to examine how the capital adequacy ratio (CAR), the credit deposit ratio (CDR), and the cost-income ratio (CIR) influence the performance of banks. Findings: With the use of correlation and regression analysis, the researchers have come to the conclusion that the capital adequacy ratio (CAR) has a negative association with return on assets (ROA) and the cost-income ratio (CIR) has a negative relationship with return on assets (ROA), while the credit deposit ratio (CDR) has no relationship with return on assets (ROA). On the other hand, the capital adequacy ratio (CAR) and cost-income ratio (CIR) have a negative association with return on equity (ROE), but the credit deposit ratio (CDR) has a positive relationship with return on equity (ROE). The study concluded that capital adequacy and return on assets (ROA), as well as capital adequacy and return on equity (ROE), have a significant association. Thus, capital adequacy and banks' performance are significantly related. Practical Implications: The performance and credit deposit ratio is positively related. An increase in credit deposit ratio will increase the profitability. The cost income ratio is negatively related with profitability. Banks should maintain cost income ratio low as possible. The capital adequacy ratio is negatively related with profitability. An increase in capital adequacy ratio will reduce the profitability. Originality: This is an original research of researchers. The researchers attempt to examine the data using a large sample and sophisticated statistical tools to conduct the research. Research Limitations: The research is based on only the secondary data.","PeriodicalId":55618,"journal":{"name":"South Asian Journal of Business Studies","volume":"116 1","pages":""},"PeriodicalIF":2.4,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79876989","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 : 2022-01-01DOI: 10.58753/jbspust.3.1.2022.11
M. Rahman, A. Haq
Purpose: The aim of this research is to identify the best-fitted model(s) for estimating and forecasting the return volatility of the Chittagong Stock Exchange (CSE) in Bangladesh. Methodology: The study analyzes the returns of the Chittagong Stock Exchange's (CSE) daily Selective Categories Index (CSCX) from February 4, 2013 to December 31, 2021 (as a full sample) and from July 1, 2021 to December 30, 2021 (for forecasting). The researcher used GARCH family approaches considering different error distributions, to find the well-suited model(s) for the CSCX index. The researchers used ARMA to develop the mean equation based on two popular model selection criteria: Schwarz's (1978) Bayesian information criterion (SBIC) and Akaike's (1974) information criterion (AIC). The data has been analyzed using the application software E-Views 10. Findings: The ARMA (0,1) has been adopted as the mean equation for GARCH specifications. Under all three types of error distributions, the ARCH and GARCH terms, along with the leverage terms of asymmetric models, were found to be statistically significant in all the accepted combinations of the model. The models GARCH (1,2), TGARCH (1,2), and PARCH (1,2) under generalized error distributions and EGARCH (2,1) under Student’s t error distributions have been selected as the best-fitted models for estimation. Whereas, based on root mean square error (RMSE), mean absolute error (MAE), mean absolute percent error (MAPE), and theil inequality (TI), EGARCH (1, 2), TGARCH (1, 2), and PARCH (1, 2) under generalized error distributions, and GARCH (1, 2) under student’s t error distributions and normal error distributions are found to have superior out-of-sample forecasting abilities. Practical implications and originality: This is an original research work that will help the investors and other stakeholders of the Bangladeshi stock market to estimate and forecast market volatility more efficiently. Limitations: Due to its extensive features, this study was unable to incorporate a few additional ARCH and GARCH models.
{"title":"Forecasting Index Return Volatility of The Chittagong Stock Exchange of Bangladesh using GARCH Models","authors":"M. Rahman, A. Haq","doi":"10.58753/jbspust.3.1.2022.11","DOIUrl":"https://doi.org/10.58753/jbspust.3.1.2022.11","url":null,"abstract":"Purpose: The aim of this research is to identify the best-fitted model(s) for estimating and forecasting the return volatility of the Chittagong Stock Exchange (CSE) in Bangladesh. Methodology: The study analyzes the returns of the Chittagong Stock Exchange's (CSE) daily Selective Categories Index (CSCX) from February 4, 2013 to December 31, 2021 (as a full sample) and from July 1, 2021 to December 30, 2021 (for forecasting). The researcher used GARCH family approaches considering different error distributions, to find the well-suited model(s) for the CSCX index. The researchers used ARMA to develop the mean equation based on two popular model selection criteria: Schwarz's (1978) Bayesian information criterion (SBIC) and Akaike's (1974) information criterion (AIC). The data has been analyzed using the application software E-Views 10. Findings: The ARMA (0,1) has been adopted as the mean equation for GARCH specifications. Under all three types of error distributions, the ARCH and GARCH terms, along with the leverage terms of asymmetric models, were found to be statistically significant in all the accepted combinations of the model. The models GARCH (1,2), TGARCH (1,2), and PARCH (1,2) under generalized error distributions and EGARCH (2,1) under Student’s t error distributions have been selected as the best-fitted models for estimation. Whereas, based on root mean square error (RMSE), mean absolute error (MAE), mean absolute percent error (MAPE), and theil inequality (TI), EGARCH (1, 2), TGARCH (1, 2), and PARCH (1, 2) under generalized error distributions, and GARCH (1, 2) under student’s t error distributions and normal error distributions are found to have superior out-of-sample forecasting abilities. Practical implications and originality: This is an original research work that will help the investors and other stakeholders of the Bangladeshi stock market to estimate and forecast market volatility more efficiently. Limitations: Due to its extensive features, this study was unable to incorporate a few additional ARCH and GARCH models.","PeriodicalId":55618,"journal":{"name":"South Asian Journal of Business Studies","volume":"23 1","pages":""},"PeriodicalIF":2.4,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84733821","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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