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Article
Publication date: 17 January 2023

Rizwan Mushtaq, Omkar Dastane, Muhammad Rafiq and Berna Doğan Başar

Despite its importance, the literature on women financial inclusion (WFI) remains fragmented due to the absence of a comprehensive review that consolidates the intellectual…

Abstract

Purpose

Despite its importance, the literature on women financial inclusion (WFI) remains fragmented due to the absence of a comprehensive review that consolidates the intellectual structure of the field. This paper examines the intellectual structure of the topic and gives a complete overview of the research undertaken so far in the field.

Design/methodology/approach

A bibliometric study of 235 Scopus-indexed publications, including citation analysis, keyword network analysis, co-authorship analysis and reference co-citation analysis using VOSviewer was performed.

Findings

The study identified major contributors to the field (the most prolific author was Ghosh, S.), the leading journals in the field (the World Development), the geographical locations where research in the field is concentrated (India is the leading country) and the organisations focussing on green consumer research (leading organisation: The World Bank, USA). In addition, four significant themes that describe the body of information about women's financial inclusion were found.

Originality/value

This study provides policymakers and academic scholars with fresh insights at a higher level into this burgeoning topic. Such insights would aid in the development of initiatives to address women's financial inclusion concerns.

Peer review

The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-06-2022-0438.

Details

International Journal of Social Economics, vol. 50 no. 8
Type: Research Article
ISSN: 0306-8293

Keywords

Article
Publication date: 27 February 2023

Aamir Inam Bhutta, Jahanzaib Sultan, Muhammad Fayyaz Sheikh, Muhammad Sajid and Rizwan Mushtaq

Pakistan has experienced financial liberalization with rapid ups and downs in economic growth due to domestic issues during the last 2 decades. Motivated by inconclusive and…

Abstract

Purpose

Pakistan has experienced financial liberalization with rapid ups and downs in economic growth due to domestic issues during the last 2 decades. Motivated by inconclusive and conflicting time-driven findings about the performance of the business groups, this study examines the performance of business groups in Pakistan for a relatively long period from 2003 to 2018.

Design/methodology/approach

The study uses 3,821 firm-year observations from non-financial firms listed on the Pakistan Stock Exchange (PSX). For the estimation, pooled ordinary least squares (OLS) with industry- and year fixed effects and two-step system generalized methods of moments (GMM) are used.

Findings

The study finds that group-affiliated firms outperform independent firms in accounting performance, while underperform in market performance. The outperformance is mainly driven by medium-sized business groups, while underperformance is driven by small and large business groups. Further, the study documents that the underperformance in terms of market performance of firms affiliated with small and large groups is greater before the economic downturn, while outperformance in terms of the accounting measure of firms affiliated with medium-sized groups is greater during the economic downturn. These findings support our time-driven concerns. Overall, the authors' findings are consistent with institutional and transaction cost theories.

Practical implications

Business groups are important channels to reduce market inefficiencies. Business groups may enhance the affiliated firms' resources and resistance capacity through active utilization of the internal capital market, specifically when market conditions are not ideal for affiliates. However, effective utilization of internal capital markets depends on group size. Therefore, investors should deliberate on the size of business groups and diversification within business groups.

Originality/value

The authors extend the literature by providing fresh evidence related to the performance of business groups in the Pakistani context while accounting for the role of the size of business groups.

Details

International Journal of Emerging Markets, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1746-8809

Keywords

Article
Publication date: 18 April 2023

Muhammad Rafiq, Omkar Dastane and Rizwan Mushtaq

The purpose of this study is to map the research landscape on the topic of waste management in the business and management domain, with a particular emphasis on pro-environmental…

309

Abstract

Purpose

The purpose of this study is to map the research landscape on the topic of waste management in the business and management domain, with a particular emphasis on pro-environmental ethical behaviour. The objective is to evaluate publication performance, identify key stakeholders, investigate major clusters, recognise the evolution of themes and offer a research agenda for the future based on bibliometric reflection.

Design/methodology/approach

Preferred Reporting Items for Systematic Review and Meta-Analysis procedure was used to extract and choose a total of 609 publications from the Scopus database from 1985 to 2022. The research then does bibliometric analysis with the open-source R application bibliometrics. The authors used a number of tools and techniques, including a collaboration network, word dynamics, co-occurrence network, thematic map and strategy map.

Findings

The analysis identifies most prolific stakeholders, key clusters and evolving themes in the field. The motor themes, niche themes, basic themes and emerging themes of the field were identified, and future research agenda is proposed based on such identification.

Originality/value

To the best of the authors’ knowledge, this is the first bibliometric study in the field of waste reduction, providing a comprehensive view of the research landscape by analysing more than 50 years of literature focussing on behavioural aspects. These findings could assist policymakers in identifying waste management/reduction priority regions and developing policy guidelines for a more sustainable waste practise. In addition to providing recommendations and future directions for academic research, this report also includes these elements.

Details

Journal of Global Responsibility, vol. 14 no. 3
Type: Research Article
ISSN: 2041-2568

Keywords

Content available
Article
Publication date: 7 July 2023

Farzana Quoquab and Jihad Mohammad

1397

Abstract

Details

Journal of Global Responsibility, vol. 14 no. 3
Type: Research Article
ISSN: 2041-2568

Abstract

Details

International Journal of Social Economics, vol. 50 no. 8
Type: Research Article
ISSN: 0306-8293

Article
Publication date: 3 December 2018

Aurang Zaib, Rizwan Ul Haq, A.J. Chamkha and M.M. Rashidi

The study aims to numerically examine the impact of nanoparticles on an unsteady flow of a Williamson fluid past a permeable convectively heated shrinking sheet.

Abstract

Purpose

The study aims to numerically examine the impact of nanoparticles on an unsteady flow of a Williamson fluid past a permeable convectively heated shrinking sheet.

Design/methodology/approach

In sort of the solution of the governing differential equations, suitable transformation variables are used to get the system of ODEs. The converted equations are then numerically solved via the shooting technique.

Findings

The impacts of such parameters on the velocity profile, temperature distribution and the concentration of nanoparticles are examined through graphs and tables. The results point out that multiple solutions are achieved for certain values of the suction parameter and for decelerating flow, while for accelerating flow, the solution is unique. Further, the non-Newtonian parameter reduces the fluid velocity and boosts the temperature distribution and concentration of nanoparticles in the first solution, while the reverse drift is noticed in the second solution.

Practical implications

The current results may be used in many applications such as biomedicine, industrial, electronics and solar energy.

Originality/value

The authors think that the current results are new and significant, which are used in many applications such as biomedicine, industrial, electronics and solar energy. The results have not been considered elsewhere.

Details

World Journal of Engineering, vol. 15 no. 6
Type: Research Article
ISSN: 1708-5284

Keywords

Article
Publication date: 4 December 2017

B.J. Gireesha, M. Archana, Prasannakumara B.C., R.S. Reddy Gorla and Oluwole Daniel Makinde

This paper aims to deal with the study of heat and mass transfer on double-diffusive three-dimensional hydromagnetic boundary layer flow of an electrically conducting Casson…

Abstract

Purpose

This paper aims to deal with the study of heat and mass transfer on double-diffusive three-dimensional hydromagnetic boundary layer flow of an electrically conducting Casson nanofluid over a stretching surface. The combined effects of nonlinear thermal radiation, magnetic field, buoyancy forces, thermophoresis and Brownian motion are taken into consideration with convective boundary conditions.

Design/methodology/approach

Similarity transformations are used to reduce the governing partial differential equations into a set of nonlinear ordinary differential equations. The reduced equations were numerically solved using Runge–Kutta–Fehlberg fourth-fifth-order method along with shooting technique.

Findings

The impact of several existing physical parameters such as Casson parameter, mixed convection parameter, regular buoyancy ratio parameter, radiation parameter, Brownian motion parameter, thermophoresis parameter, temperature ratio parameter on velocity, temperature, solutal and nanofluid concentration profiles are analyzed through graphs and tables in detail. It is found that the solutal component increases for Dufour Lewis number, whereas it decreases for nanofluid Lewis number. Moreover, velocity profiles decrease for Casson parameter, while the Nusselt number increases for Biot number, radiation and temperature ratio parameter.

Originality/value

This paper is a new work related to three-dimensional double-diffusive flow of Casson nanofluid with buoyancy and nonlinear thermal radiation effect.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 27 no. 12
Type: Research Article
ISSN: 0961-5539

Keywords

Article
Publication date: 28 November 2023

Muhammad Tariq Khan, Abdul Rashid, Mushtaq Hussain Khan, Asif Zaman and Shahid Ali

This paper aims to examine the effects of oil price uncertainty on corporate investment of Islamic stocks during the COVID-19 pandemic.

Abstract

Purpose

This paper aims to examine the effects of oil price uncertainty on corporate investment of Islamic stocks during the COVID-19 pandemic.

Design/methodology/approach

The study uses a panel data set that covers 398 listed Islamic stocks from seven major Asia Pacific countries over the period of five years from 2017 to 2021, yielding 1,990 observations. Specifically, this paper investigates the said association by combining the real options theory regarding investment and the panel data-based econometric method that captures the dynamic relationship, the generalized method of moments estimators.

Findings

The findings show that the relationship between the oil price volatility and corporate investment of Islamic stocks is significant and nonlinear in nature, suggesting the presence of both the growth options and the waiting options. Overall, the results reveal that corporate investment of Islamic stocks is hindered during the unprecedented corona crash, when oil price increases at exponential rates.

Practical implications

The findings suggest that considering the information caused by unprecedented events like the COVID-19 pandemic is crucial for investment decisions of Islamic stocks. Therefore, policymakers and regulators should incorporate the impact of oil price uncertainties caused by unprecedented events like the COVID-19 pandemic on firm’s investment expansion and diversification strategies.

Originality/value

To the best of the authors’ knowledge, this paper is the first to examine the relationship between the investment of Islamic stocks and the oil price uncertainty under compound options theory in top Asian oil-importing countries.

Details

Journal of Islamic Accounting and Business Research, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1759-0817

Keywords

Article
Publication date: 27 May 2019

Muhammad Naeem Shahid, Abdul Sattar, Faisal Aftab, Ali Saeed and Aamir Abbas

This paper aims to enhance the existing literature on adaptive market hypothesis (AMH) as this study first time links the month of Ramadan with AMH that permits the performance of…

Abstract

Purpose

This paper aims to enhance the existing literature on adaptive market hypothesis (AMH) as this study first time links the month of Ramadan with AMH that permits the performance of well-known Ramadan effect to fluctuate over time.

Design/methodology/approach

To fulfill the purpose, the authors inspect the daily returns of 107 individual firms listed at Pakistan Stock Exchange over the period of 20 years. To explore the varying degree of return predictability during Ramadan, the authors use four different subsamples comprising equal length of observations of five years each. The authors use a GARCH (1,1) regression model which facilitates for time varying nature of volatility in equity returns. To facilitate the non-normal nature of stock return data, the authors use Kruskal–Wallis test statistic.

Findings

The authors find that behavior of Ramadan effect evolves over time, as performance of this effect varies from time to time and consistent with AMH. Finally, the paper proposes that AMH is well elucidation of behavior of Ramadan effect than traditional efficient market hypothesis.

Research limitations/implications

First limitation is related to the choice of sub-sample as the study uses a sub-sample of five years. Second, the authors ignore transection cost (commissions, fee and taxes) as it is freely negotiated and varies between 4 and 10% (Khan, 2013). Due to such varying information we ignore the transaction cost. It is suggested that a sub-sample analysis of long period may be a more appropriate method to elucidate the idea of AMH in future research and suggest the current method could be adapted and helpful to examine other calendar and market anomalies in different equity markets.

Practical implications

The paper includes implications for investors to choose a better model for investment. Investors can exploit greater returns in future month of Ramadan periods. Furthermore, the researchers can easily extend the methodology used in the study to address multiple issues like adaptive behavior of returns from bonds, real estate investment trusts, cryptocurrencies and trading rules of strategies.

Social implications

Study confirms from sample t-test and GARCH (1,1) model that Ramadan effect is present in the full and in certain sub-samples; therefore, based on these discrepancies investors can earn abnormal returns by developing specific investment strategies as investors usually make investments in share according to the religious context of Islamic Calendar. The results provide good references for suitable time of investment in stock market. The findings of this study will be helpful to investors and brokers as well as portfolio managers to capture favorable returns across the Islamic calendar.

Originality/value

The paper identified need to study why behavior of Ramadan effect varies over time. The data set comprises daily returns of 107 individual companies over the period of 20 years to better investigate the varying nature of anomalous effect of month of Ramadan. The findings are valuable for international investors and portfolio managers.

Details

Journal of Islamic Marketing, vol. 11 no. 3
Type: Research Article
ISSN: 1759-0833

Keywords

Article
Publication date: 16 May 2024

Mugahed Amran

The initiative for sustainability in the construction industry has led to the innovative utilization of automobile tire waste, transforming it into value-added products, toward…

Abstract

Purpose

The initiative for sustainability in the construction industry has led to the innovative utilization of automobile tire waste, transforming it into value-added products, toward decarbonization in the construction industry, aligning with the development and sustainability goals of Al-Kharj Governorate. However, the disposal of these materials generates significant environmental concerns. As a payoff for these efforts, this study aims to contribute to a fruitful shift toward eco-friendly recycling techniques, particularly by studying the transformation of tire waste bead wires into recycled steel tire fibers (RSTFs) for sustainable concrete composites.

Design/methodology/approach

This research delves into how this technological transformation not only addresses environmental concerns but also propels sustainable tire innovation forward, presenting a promising solution for waste management and material efficiency in building materials. Recent studies have highlighted the superior tensile strength of RSTFs from discarded tires, making them suitable for various structural engineering applications. Recently, there has been a notable shift in research focus to the use of RSTFs as an alternative to traditional fibers in concrete. In this study, however, efforts have paid off in outlining a comprehensive assessment to investigate the viability and efficacy of repurposing tire bead wires into RSTFs for use in concrete composites, as reported in the literature.

Findings

This study examined the Saudi waste management, the geometrical properties of RSTFs, and their impact on the strength properties of concrete microstructure. It also examined the economic, cost, and environmental impacts of RSTFs on concrete composites, underscoring the need for the construction industry to adopt more sustainable and adaptable practices. Furthermore, the main findings of this study are proposed insights and a blueprint for the construction industry in Al-Kharj Governorate, calling for collective action from both public and private sectors, and the community to transform challenges into job opportunities for growth and sustainability.

Originality/value

This study pointed to thoroughly demonstrate the technological advancement in converting tire waste to reinforcing fibers by evaluating the effectiveness, environmental sustainability, and practicality of these fibers in eco-friendly concrete composites. Besides, the desired properties and standards for RSTFs to enhance the structural integrity of concrete composites are recommended, as is the need to establish protocols and further study into the long-term efficacy of RSTF-reinforced concrete composites.

Details

International Journal of Building Pathology and Adaptation, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2398-4708

Keywords

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