This summary analyzes the differences in corporate social responsibility disclosure (CSRD) between Sharia and non-Sharia banks in Indonesia. The study analyzed CSRD data from the annual reports of 3 state-owned non-Sharia banks (Bank Mandiri, BNI, BRI) and their corresponding Sharia banks (Bank Mandiri Sharia, BNI Sharia, BRI Sharia). Mann-Whitney tests found no significant overall difference in CSRD between the two bank types. However, non-Sharia banks tended to disclose more information on the environment, energy, and general information while Sharia banks disclosed more on Sharia-compliant financing activities. Both bank types disclosed similar information on other labor,
Influence of External Equity Financing on Growth of Craft Micro Enterprises i...paperpublications3
Abstract: Micro enterprises together with small and medium enterprises provide employment and income to many people in Kenya. The main objective of the study was to establish the influence of external equity financing on growth of craft micro enterprises in Kenya. The target population for the study constituted all the 2334 craft micro enterprises. The sample frame constituted all the soapstone micro enterprises operating within Tabaka Town and all the woodcarving micro enterprises registered by Wote Town Council. The study used a sample of 330 craft micro enterprises drawn using stratified sampling technique. Data were gathered data using a semi-structured questionnaire after testing it for reliability and validity, and then analyzed by use of descriptive and inferential type of statistics. The ANOVA and multiple regression analysis were used to analyze the data. The findings of the study revealed that, external equity financing (p-value 0.000) has a significant influence on the growth of craft microenterprises. The study recommended that the government should sensitize and encourage the entrepreneurs on to use funds from friends and family members since these are cheap sources because they do not attract interests.
Keywords: Craft, External equity, Financing, Growth, Microenterprise, Tabaka.
Title: Influence of External Equity Financing on Growth of Craft Micro Enterprises in Kenya
Author: Steve Ondieki Nyanamba, Dr. Florence Sigara Memba, Dr. Willy Mwangi Muturi, Electrin Teresa Maswari
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
Paper Publications
An Impact of Capital Adequacy Ratio on the Profitability of Private Sector Ba...Dr. Amarjeet Singh
Profitability being one of the cardinal principles of bank lending acts as a game changer for the survival and success of private sector banks in India. In order to stay profitable, banks have to capitalise on every penny advanced to yield the expected returns. However, considering the constraints laid down by the Reserve Bank of India, banks have to maintain a minimum capital adequacy ratio, as per the current BASEL III regulations active in India. With the mergers of public sector banks, the challenge has got just tougher for the private sector banks in India. Expansion and Diversification are the key strategies adopted by the key players from the private banking sector, however, with the minimum capital adequacy ratio observed by them, it is necessary to understand its actual impact on the bank’s profitability. This research paper aims to throw light upon the linkage that capital adequacy has with the bank’s profitability. It attempts to establish a relation between the Capital Adequacy Ratio with the Net profits of the bank. For the purpose of this study, data from the past 5 years of the leading private sector banks has been collected, namely, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, AXIS Bank and YES Bank. The collected data has been analysed using Pearson’s Correlation to establish a relation between the CAR Ratio & the bank’s profitability. Hypothesis testing has been further done to study the quantum of proportionate change in the profitability with a change in the CAR Ratio for private sector banks using applicable research tools. The said research tools are applied to achieve the desired results while maintaining the required quantum of accuracy. It also aims to understand the proportionate impact of changes in CAR to the bank’s profitability, which can act as a suggested measure for banks to develop a reliable framework for efficient capital management and increase overall efficiency. The results derived from the data collected and analyzed aim to provide scope for further study on the subject matter.
Corporate Social Responsibility Practices of Commercial Banks in Bangladesh: ...IOSR Journals
This paper explores how private commercial banks practices Corporate Social Responsibility (CSR) in Bangladesh in conserved the case of Southeast Bank Ltd.. In keeping with global movement, CSR is being seen as the source of new competition edge for the banking sectors of Bangladesh. Banks’ of Bangladesh practices CSR to not only improve community relations but also as source of significant commercial benefit. Southeast Bank Ltd. practices CSR under the rules and regulation of Bangladesh Bank. The study based on annual report of 2012 of Southeast Bank Ltd. This study shows that Southeast Bank expenses BDT36.85 million in the year 2012 in the area of education, health, community development, environmental issue, art and culture, sports etc.. Nevertheless, bank expenses highest amount in education sector through scholarship program in Bangladesh whereby school, college and university education tuition and expenses have fully paid for unconditionally. The study can help banking manger’s understand what should be done for the benefits of customers and the community for sustainability.
Measures for Achieving Financial Inclusion in India and Its Inclusive Growthiosrjce
Financial Inclusion is the first and foremost policy option to fulfil social and financial needs across
the country. The primary responsibility, in any country, is providing financial services to vulnerable groups to
improve their standard of living. “Fifty six percent of adults in the world do not have access to formal financial
services” (Oya Pinar Ardic, 2011), whereas “in India 89.3 million farmers i.e., 72.7% of total population, are
excluded from formal sources of finance” (KabitaKumariSahu, 2013). The Reserve Bank of India directed
commercial banks to promote financial inclusion in India which in turn results in the development of
economically backward areas. Rajan&Zingales, (1998) indicates that “there is a positive relationship between
financial developments with growth in banking industry through financial inclusion”. Leeladhar, (2006) states
that liberalization of banking services at an affordable cost to vast sections of disadvantaged and low-income
groups is essential for sustainable growth of an economy. As per the directions of RBI, all commercial banks
have been taking assistance from various social and financial entities like Joint Liability Groups, Non-Banking
Finance Companies (NBFC), Self-help groups, co-operative Banks, and Regional Rural Banks (RRBs) to
improve financial inclusion.“Financial inclusion is a very important, complementary and incremental approach
for inclusive development and poverty reduction” (Michael Chibba, 2009).The main objective of the study is to
know the status of financial inclusion in India and to give appropriate suggestions for inclusive growth of an
economy.
Effective sources and uses of finance is one of the primary activities for the success of a
business, where imprudent financing practices have been identified as a key constraint for the development
of the SME sector. For instance, the empirical evidence suggests that uncertainties of the SMEs due tolack
of skills and knowledgeable workers, economic fluctuations and financingcosts at firm level constitutes to het
ride from proper access to formal financing
Influence of External Equity Financing on Growth of Craft Micro Enterprises i...paperpublications3
Abstract: Micro enterprises together with small and medium enterprises provide employment and income to many people in Kenya. The main objective of the study was to establish the influence of external equity financing on growth of craft micro enterprises in Kenya. The target population for the study constituted all the 2334 craft micro enterprises. The sample frame constituted all the soapstone micro enterprises operating within Tabaka Town and all the woodcarving micro enterprises registered by Wote Town Council. The study used a sample of 330 craft micro enterprises drawn using stratified sampling technique. Data were gathered data using a semi-structured questionnaire after testing it for reliability and validity, and then analyzed by use of descriptive and inferential type of statistics. The ANOVA and multiple regression analysis were used to analyze the data. The findings of the study revealed that, external equity financing (p-value 0.000) has a significant influence on the growth of craft microenterprises. The study recommended that the government should sensitize and encourage the entrepreneurs on to use funds from friends and family members since these are cheap sources because they do not attract interests.
Keywords: Craft, External equity, Financing, Growth, Microenterprise, Tabaka.
Title: Influence of External Equity Financing on Growth of Craft Micro Enterprises in Kenya
Author: Steve Ondieki Nyanamba, Dr. Florence Sigara Memba, Dr. Willy Mwangi Muturi, Electrin Teresa Maswari
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
Paper Publications
An Impact of Capital Adequacy Ratio on the Profitability of Private Sector Ba...Dr. Amarjeet Singh
Profitability being one of the cardinal principles of bank lending acts as a game changer for the survival and success of private sector banks in India. In order to stay profitable, banks have to capitalise on every penny advanced to yield the expected returns. However, considering the constraints laid down by the Reserve Bank of India, banks have to maintain a minimum capital adequacy ratio, as per the current BASEL III regulations active in India. With the mergers of public sector banks, the challenge has got just tougher for the private sector banks in India. Expansion and Diversification are the key strategies adopted by the key players from the private banking sector, however, with the minimum capital adequacy ratio observed by them, it is necessary to understand its actual impact on the bank’s profitability. This research paper aims to throw light upon the linkage that capital adequacy has with the bank’s profitability. It attempts to establish a relation between the Capital Adequacy Ratio with the Net profits of the bank. For the purpose of this study, data from the past 5 years of the leading private sector banks has been collected, namely, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, AXIS Bank and YES Bank. The collected data has been analysed using Pearson’s Correlation to establish a relation between the CAR Ratio & the bank’s profitability. Hypothesis testing has been further done to study the quantum of proportionate change in the profitability with a change in the CAR Ratio for private sector banks using applicable research tools. The said research tools are applied to achieve the desired results while maintaining the required quantum of accuracy. It also aims to understand the proportionate impact of changes in CAR to the bank’s profitability, which can act as a suggested measure for banks to develop a reliable framework for efficient capital management and increase overall efficiency. The results derived from the data collected and analyzed aim to provide scope for further study on the subject matter.
Corporate Social Responsibility Practices of Commercial Banks in Bangladesh: ...IOSR Journals
This paper explores how private commercial banks practices Corporate Social Responsibility (CSR) in Bangladesh in conserved the case of Southeast Bank Ltd.. In keeping with global movement, CSR is being seen as the source of new competition edge for the banking sectors of Bangladesh. Banks’ of Bangladesh practices CSR to not only improve community relations but also as source of significant commercial benefit. Southeast Bank Ltd. practices CSR under the rules and regulation of Bangladesh Bank. The study based on annual report of 2012 of Southeast Bank Ltd. This study shows that Southeast Bank expenses BDT36.85 million in the year 2012 in the area of education, health, community development, environmental issue, art and culture, sports etc.. Nevertheless, bank expenses highest amount in education sector through scholarship program in Bangladesh whereby school, college and university education tuition and expenses have fully paid for unconditionally. The study can help banking manger’s understand what should be done for the benefits of customers and the community for sustainability.
Measures for Achieving Financial Inclusion in India and Its Inclusive Growthiosrjce
Financial Inclusion is the first and foremost policy option to fulfil social and financial needs across
the country. The primary responsibility, in any country, is providing financial services to vulnerable groups to
improve their standard of living. “Fifty six percent of adults in the world do not have access to formal financial
services” (Oya Pinar Ardic, 2011), whereas “in India 89.3 million farmers i.e., 72.7% of total population, are
excluded from formal sources of finance” (KabitaKumariSahu, 2013). The Reserve Bank of India directed
commercial banks to promote financial inclusion in India which in turn results in the development of
economically backward areas. Rajan&Zingales, (1998) indicates that “there is a positive relationship between
financial developments with growth in banking industry through financial inclusion”. Leeladhar, (2006) states
that liberalization of banking services at an affordable cost to vast sections of disadvantaged and low-income
groups is essential for sustainable growth of an economy. As per the directions of RBI, all commercial banks
have been taking assistance from various social and financial entities like Joint Liability Groups, Non-Banking
Finance Companies (NBFC), Self-help groups, co-operative Banks, and Regional Rural Banks (RRBs) to
improve financial inclusion.“Financial inclusion is a very important, complementary and incremental approach
for inclusive development and poverty reduction” (Michael Chibba, 2009).The main objective of the study is to
know the status of financial inclusion in India and to give appropriate suggestions for inclusive growth of an
economy.
Effective sources and uses of finance is one of the primary activities for the success of a
business, where imprudent financing practices have been identified as a key constraint for the development
of the SME sector. For instance, the empirical evidence suggests that uncertainties of the SMEs due tolack
of skills and knowledgeable workers, economic fluctuations and financingcosts at firm level constitutes to het
ride from proper access to formal financing
Impact of Web Advertisement on Customers Perception - A Case of Banking Sectorscmsnoida5
Nowadays a lot of innovative services are
offered by the financial service providers to their
customers. The use of more innovation in the
financial sector is the resultant of the day by day
advancement in the technology. Also customer
of today is well aware of the latest technology
and they demand their providers to execute
the technology for business prospective. Target
of all financial service providers’ advertisers
is to reach maximum customers. For this they
utilize every promotional and advertisement
channel so as to reach and inform maximum
public about their products. The purpose of
present study is to determine impact of web
advertisement on customer perception in case of
banking sector. The data will be collected from
200 approx respondents who are aware of the
web advertisements. The collected data will be
put in the Statistical Package for Social Sciences
(SPSS). Afterwards the regression analysis and
correlation analysis will be applied in order to
determine the impact of the web advertisement
on the purchase intention of the customers in
regards to the banking and investment products.
Predicting Corporate Failure - An Application of Discriminate Analysisscmsnoida5
Corporate failure is a serious problem being
confronted by the corporate world. This issue
has been a subject of intensive research and
discussion by economists, bankers, creditors,
equity shareholders, accountants, marketing
and management experts. The present study
aims at developing a model for prediction
of corporate failure on the basis of financial
ratios. The study is based on the data of
selected firms from chemical industry (with
equal number of failed and non failed firms).
The discriminant analysis has been used to
discriminate between failed and non failed
firms. It is concluded that some of the
financial ratios can significantly differentiate
between failed and non failed firms. The
finding will be useful for the banks and other
financial institutions in designing a suitable
credit appraisal and monitoring system for their
loans. This model could guide the policy makers
to prepare an early warning system to avoid
bankruptcy.
A Cashless Economy Challenges and Opportunitiesijtsrd
Going cashless not only eases one’s life but also helps authenticate and formalize the transactions that are done. This helps to curb corruption and the flow of black money which results in an increase of economic growth. The expenditure incurred in printing and transportation of currency note is reduced. In a nation like India, cashless transactions are not widespread, and this is due to the technology gap and the lack of proper awareness and education. Though these are the matters of concern, the government or the financial institution need to address them to create a strong cashless economy. Dr. Vidhya Rajagopalan "A Cashless Economy: Challenges & Opportunities" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-2 , February 2021, URL: https://www.ijtsrd.com/papers/ijtsrd38611.pdf Paper Url: https://www.ijtsrd.com/management/accounting-and-finance/38611/a-cashless-economy-challenges-and-opportunities/dr-vidhya-rajagopalan
Influence of Debt Equity Financing on Growth of Craft Micro Enterprises in Kenyapaperpublications3
Abstract: Craft industry contributes greatly to the economy of a country for it provides income for not only micro enterprises but also small and medium enterprises. The main objective of the study was to determine the influence of debt financing on growth of craft micro enterprises in Kenya, to determine the influence of retained earnings on growth of craft micro enterprises in Kenya. The study covered the soapstone micro enterprises registered by Tabaka Town Council and the woodcarving micro enterprises registered by Wote Town Council. This study adopted descriptive research designs. The target population for the study constituted all the soapstone micro enterprises in Tabaka Town which are registered by Tabaka Town Council, Kisii County, and all the woodcarving micro enterprises of Wamunyu Location, Machakos County, which are registered by Wote Town Council. From this population of 2334 respondents, a sample of 330 respondents was divided proportionately between the two regions according to the proportion of their craft micro enterprises under study, using stratified random sampling. The study gathered data using a semi-structured questionnaire, and the data collected were analyzed by use of descriptive and inferential type of statistics using the Statistical Package for Social Science (SPSS) version 21.The results were then summarized in tables, charts and graphs. The findings of the study revealed that debt financing has a significant influence on the growth of craft microenterprises.
Keywords: Debt, Craft, Equity, Financing, Growth, Microenterprise.
Title: Influence of Debt Equity Financing on Growth of Craft Micro Enterprises in Kenya
Author: Steve Ondieki Nyanamba, Dr. Florence Sigara Memba, Dr. Willy Mwangi Muturi, Electrin Teresa Maswari
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
Paper Publications
Challenges of Small Scale Entrepreneurs in Dodoma Tanzaniainventionjournals
Small businesses irrefutably remain critical to the development of any nation’s economy as they are an excellent, source of employment creation, help in improvement of local skill, and extend aboriginal entrepreneurs. The small scale entrepreneurs who (either registered, unregistered, service or manufacturing or any other type) and have more than three years experience of entrepreneurship comprised the populace of the study. The method of convenience sampling was employed in arriving at the 100 Small firms. The major challenge could be lack of financial (Capital) resources. In the event funding institutions become flexible in their requirements for loan applications, respondents registered their willing to increase the number of their employees; the number of branches and willingness to accept specialized recommendation. In other ways, the only best way to help Small firm’s right of entry economic resources lies in the hands of funding institutions as acceptable and suggested by the best part of undersized entrepreneurs who submitted that the key determinants for seed resources attainment are: fair and low interest rates.
FSIBL is an Islamic financial
institutions in Bangladesh that contributes
towards the development of the society
through CSR activities. In this report,
Carroll’s four parts model, ICSR model and
other relevant models are used in
analyzing and discussing the CSR practices
of FSIBL.
EFFECTS OF MANAGEMENT PROFICIENCY ON FINANCIAL PERFORMANCE OF FOREIGN COMMERC...AkashSharma618775
The study sought to examine Management Proficiency on financial performance of foreign
commercial banks in Kenya from period of 2013 to 2019.
Design/Methodology/Approach; The return on equity (ROE) and return on asset (ROA) were used as measure on
measure of financial performance measures on foreign commercial banks in Kenya. The descriptive, correlation
and panel regression analysis based on fixed effect model with help STATA.
The Results; It indicated that an R squared of 0.6956 was obtained that implies that 69.56 percent of the variations
in financial performance of foreign commercial banks in Kenya was accredited to capital adequacy, asset quality
and management efficiency. A p-value of 0.0000 further endorsed that the variables that were used namely: capital
adequacy, asset quality and management efficiency had significant effect predicting the financial performance of
foreign commercial banks in Kenya. The model had a constant value of 0.87 thus inferred that in the absence of
capital adequacy, asset quality and management efficiency, the value of financial performance of foreign
commercial banks in Kenya was 0.87.
Originality/value: The main study objective was to provide the empirical evidence on management proficiency on
financial performance on foreign commercial banks in Kenya and demanded literature gaps
Corporate Governance Practices of Indian Public Sector and Private Sector Ban...scmsnoida5
Banks play a major role in providing credit to the
productive sectors of the economy as well as act
as facilitators of financial inclusion and foremost
source of employment. Whereas, the Banking
Sector Acts as catalysts in promoting the growth
of economy, these also possess the capability to
cause calamity to an economy. Well governed
banks have the ability to cope up with risk
associated with them and benefit to the economy.
The present study is an attempt to investigate the
Corporate Governance practices being adopted
by the Indian Public Sector Banks and Private
Sector Banks. For this purpose, two Public Sector
Banks and Private Sector Banks have been
selected taking into account the top banks in the
BSE 100 index ranked on the basis of market
capitalization. In order to study the quality of
Corporate Governance practices of the banks,
an assessment tool – Corporate Governance
Disclosure Index (CGDI) has been developed.
The data has been collected from the annual
reports of the banks from the financial year 2002
to 2014. Further, to investigate the difference in
both the sector banks, student’s t-test has been
applied. The findings of the study reveal that
both the sector banks have significant difference with respect to Board related parameters,
Remuneration Committee sub-index and Non-
Mandatory sub-index.
The banking sector is seen as an important link between different stakeholders in the country by
taking funds from surplus units and channelling them to units that have deficits. Despite this important role, it is
observed that engagement in certain unethical practices has made the efforts of the firms in the sector to seem
useless.
An Investigation of the Effect of Challenges Encounters Female Entrepreneuria...AkashSharma618775
The participation of females in entrepreneurial activities is such a satisfying ideal that has proven to
convey positive contribution towards economic process. To ascertain this; the subject matter has presented herein.
Such presentation has been done by giving detailed analysis of the effects of challenges encounters female
entrepreneurial taking Malaysia, which is one of the transformed economies as the country of context. There is a
promising growth in entrepreneurial activities in the recent years in Malaysia; yet, this growth has seen to have
many male entrepreneurs leaving females with minimal rate of participation. There are challenges identified,
evaluated and analyzed to be the very reasons that leads to this scenario. The study employed three challenges
called economic, resource and cultural extracted from Isa et al., (2018); the challenges which are henceforth
implemented as independent variables (IVs) of the study. The study has found the significant correlation between
each of these IVs (EoC) and its subject matter; that’s female entrepreneurial (FE) in Malaysia the DV with the
significant levels of 0.026 and 0.012 respectively. The extent of effects was regretted to be 62% within the inverse
correlation of 0.89 to mean that the increase of EoC results to the decrease of FE and the decrease of EoC leads to
the increase of FE. The statistical analytics were measured using SPSS and data were secondarily reviewed from
the study of Hossain et al., (2018). For further researches; an expansion to reach other stakeholders like police
makers and officers of financial institutions has been recommended because, this study has been established on the
mere perspectives and opinions of entrepreneurs and not other stakeholders of entreprenerial activities.
This study examines empirically the relationship between corporate social responsibility and financial performance of some selected banks in Nigeria with the use of secondary data, sourced from six (6) selected banks annual reports and accounts using Judgemental sampling in a population of fifteen (15) Banks. Financial summary between “2002-2011” i.e. ten (10) years period and NSE FACT Book were used to obtain data. The objective of this study is to examine the impact of banks financial performance on Corporate Social Responsibility. The study utilized multiple regressions for the analysis of collected data, findings from the analysis of selected banks show that financial performance (PAT, ROCE, EPS) have significant positive impact on corporate social responsibility, and the collinearity test show that there is no Multicollinearity between the independents variables. The Independent Variables are PAT, ROE, ROA, EPS and ROCE which constitute indicators of banks financial performance while the Dependent variables are Philanthropic, Economic, Legal and Ethical Responsibilities (CSR). It is recommended that Nigerian banks should embrace the culture of CSR and government should established laws and regulations to oblige financial institutions or rather banks in Nigeria to give adequate attention to social responsibility, social accounting and put in place strong mechanisms and institutions to monitor compliance and if possible determine the quantum amount of charitable contribution to be reported in their annual reports and accounts by providing index or range.
Impact of Company Strategy on Microfinance Institution Performance in IndonesiaIJASRD Journal
The development of industrial microfinance in Indonesia gained the appreciation and attention of various experts in the field of microfinance. Microfinance in Indonesia is considered to be one of the greatest in the world, and has undergone a shift in the service paradigm undertaken by Micro Finance Institutions in Indonesia. This paper seeks to uncover the role of management strategies in improving the performance of MFIs in Indonesia, in addition to internal and external factors of the MFI itself as an aspect that significantly affects performance. The literature review shows that management strategy plays a significant role in improving the performance of MFIs, in addition to internal factors of MFIs and the external conditions of MFIs in Indonesia.
Analysis of the effects of economic corporate social responsibility on financ...inventionjournals
The purpose of this study was to analyze the effect economic corporate social responsibility on Financial performance. The study was guided by the following objectives: To analyze the effect of innovational CSR cost on financial performance, to examine the effect of social quality practices spending on financial performance ,to find out the effect of corporate entrepreneurship spending on financial performance and to examine the effect of financial literacy expenditure CSR on financial The study was guided by Stakeholders theory, Shareholder theory and Shareholder-Based Financial Performance theory. This study used quantitative research approaches. Quantitative research is generally associated. Collecting and converting data into numerical form so that statistical calculations can be made and conclusions drawn. This study will employ descriptive research design. The target population used was 100 and sampling procedure used was stratified. The study used primary (collected using questionnaires) and secondary data (trend analysis). To test the validity of the research instruments the questionnaires prepared and submitted to the supervisor and other research experts. In order to test the reliability of the instrument used in this study, the researcher used test retest method. Descriptive and inferential statistics method was used for data analysis and interpretation regression model was used to analyze the effect between variables. The study recommended that companies should ensure effective sustainability programs which include social responsibility, They should also ensure effective social programs are accomplished through cause-related marketing and corporate philanthropy, they should also create initiative which has beneficial relationship between the corporation and society, they should also should ensure corporate governance which is the framework of rules and practices by which a board of directors and embrace accountability, fairness, and transparency in a company's relationship with its stakeholders. For further research the study suggests that more studies should be done on economic social responsibility and corporate governance, economic social responsibility and financial literacy.
Impact of Web Advertisement on Customers Perception - A Case of Banking Sectorscmsnoida5
Nowadays a lot of innovative services are
offered by the financial service providers to their
customers. The use of more innovation in the
financial sector is the resultant of the day by day
advancement in the technology. Also customer
of today is well aware of the latest technology
and they demand their providers to execute
the technology for business prospective. Target
of all financial service providers’ advertisers
is to reach maximum customers. For this they
utilize every promotional and advertisement
channel so as to reach and inform maximum
public about their products. The purpose of
present study is to determine impact of web
advertisement on customer perception in case of
banking sector. The data will be collected from
200 approx respondents who are aware of the
web advertisements. The collected data will be
put in the Statistical Package for Social Sciences
(SPSS). Afterwards the regression analysis and
correlation analysis will be applied in order to
determine the impact of the web advertisement
on the purchase intention of the customers in
regards to the banking and investment products.
Predicting Corporate Failure - An Application of Discriminate Analysisscmsnoida5
Corporate failure is a serious problem being
confronted by the corporate world. This issue
has been a subject of intensive research and
discussion by economists, bankers, creditors,
equity shareholders, accountants, marketing
and management experts. The present study
aims at developing a model for prediction
of corporate failure on the basis of financial
ratios. The study is based on the data of
selected firms from chemical industry (with
equal number of failed and non failed firms).
The discriminant analysis has been used to
discriminate between failed and non failed
firms. It is concluded that some of the
financial ratios can significantly differentiate
between failed and non failed firms. The
finding will be useful for the banks and other
financial institutions in designing a suitable
credit appraisal and monitoring system for their
loans. This model could guide the policy makers
to prepare an early warning system to avoid
bankruptcy.
A Cashless Economy Challenges and Opportunitiesijtsrd
Going cashless not only eases one’s life but also helps authenticate and formalize the transactions that are done. This helps to curb corruption and the flow of black money which results in an increase of economic growth. The expenditure incurred in printing and transportation of currency note is reduced. In a nation like India, cashless transactions are not widespread, and this is due to the technology gap and the lack of proper awareness and education. Though these are the matters of concern, the government or the financial institution need to address them to create a strong cashless economy. Dr. Vidhya Rajagopalan "A Cashless Economy: Challenges & Opportunities" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-2 , February 2021, URL: https://www.ijtsrd.com/papers/ijtsrd38611.pdf Paper Url: https://www.ijtsrd.com/management/accounting-and-finance/38611/a-cashless-economy-challenges-and-opportunities/dr-vidhya-rajagopalan
Influence of Debt Equity Financing on Growth of Craft Micro Enterprises in Kenyapaperpublications3
Abstract: Craft industry contributes greatly to the economy of a country for it provides income for not only micro enterprises but also small and medium enterprises. The main objective of the study was to determine the influence of debt financing on growth of craft micro enterprises in Kenya, to determine the influence of retained earnings on growth of craft micro enterprises in Kenya. The study covered the soapstone micro enterprises registered by Tabaka Town Council and the woodcarving micro enterprises registered by Wote Town Council. This study adopted descriptive research designs. The target population for the study constituted all the soapstone micro enterprises in Tabaka Town which are registered by Tabaka Town Council, Kisii County, and all the woodcarving micro enterprises of Wamunyu Location, Machakos County, which are registered by Wote Town Council. From this population of 2334 respondents, a sample of 330 respondents was divided proportionately between the two regions according to the proportion of their craft micro enterprises under study, using stratified random sampling. The study gathered data using a semi-structured questionnaire, and the data collected were analyzed by use of descriptive and inferential type of statistics using the Statistical Package for Social Science (SPSS) version 21.The results were then summarized in tables, charts and graphs. The findings of the study revealed that debt financing has a significant influence on the growth of craft microenterprises.
Keywords: Debt, Craft, Equity, Financing, Growth, Microenterprise.
Title: Influence of Debt Equity Financing on Growth of Craft Micro Enterprises in Kenya
Author: Steve Ondieki Nyanamba, Dr. Florence Sigara Memba, Dr. Willy Mwangi Muturi, Electrin Teresa Maswari
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
Paper Publications
Challenges of Small Scale Entrepreneurs in Dodoma Tanzaniainventionjournals
Small businesses irrefutably remain critical to the development of any nation’s economy as they are an excellent, source of employment creation, help in improvement of local skill, and extend aboriginal entrepreneurs. The small scale entrepreneurs who (either registered, unregistered, service or manufacturing or any other type) and have more than three years experience of entrepreneurship comprised the populace of the study. The method of convenience sampling was employed in arriving at the 100 Small firms. The major challenge could be lack of financial (Capital) resources. In the event funding institutions become flexible in their requirements for loan applications, respondents registered their willing to increase the number of their employees; the number of branches and willingness to accept specialized recommendation. In other ways, the only best way to help Small firm’s right of entry economic resources lies in the hands of funding institutions as acceptable and suggested by the best part of undersized entrepreneurs who submitted that the key determinants for seed resources attainment are: fair and low interest rates.
FSIBL is an Islamic financial
institutions in Bangladesh that contributes
towards the development of the society
through CSR activities. In this report,
Carroll’s four parts model, ICSR model and
other relevant models are used in
analyzing and discussing the CSR practices
of FSIBL.
EFFECTS OF MANAGEMENT PROFICIENCY ON FINANCIAL PERFORMANCE OF FOREIGN COMMERC...AkashSharma618775
The study sought to examine Management Proficiency on financial performance of foreign
commercial banks in Kenya from period of 2013 to 2019.
Design/Methodology/Approach; The return on equity (ROE) and return on asset (ROA) were used as measure on
measure of financial performance measures on foreign commercial banks in Kenya. The descriptive, correlation
and panel regression analysis based on fixed effect model with help STATA.
The Results; It indicated that an R squared of 0.6956 was obtained that implies that 69.56 percent of the variations
in financial performance of foreign commercial banks in Kenya was accredited to capital adequacy, asset quality
and management efficiency. A p-value of 0.0000 further endorsed that the variables that were used namely: capital
adequacy, asset quality and management efficiency had significant effect predicting the financial performance of
foreign commercial banks in Kenya. The model had a constant value of 0.87 thus inferred that in the absence of
capital adequacy, asset quality and management efficiency, the value of financial performance of foreign
commercial banks in Kenya was 0.87.
Originality/value: The main study objective was to provide the empirical evidence on management proficiency on
financial performance on foreign commercial banks in Kenya and demanded literature gaps
Corporate Governance Practices of Indian Public Sector and Private Sector Ban...scmsnoida5
Banks play a major role in providing credit to the
productive sectors of the economy as well as act
as facilitators of financial inclusion and foremost
source of employment. Whereas, the Banking
Sector Acts as catalysts in promoting the growth
of economy, these also possess the capability to
cause calamity to an economy. Well governed
banks have the ability to cope up with risk
associated with them and benefit to the economy.
The present study is an attempt to investigate the
Corporate Governance practices being adopted
by the Indian Public Sector Banks and Private
Sector Banks. For this purpose, two Public Sector
Banks and Private Sector Banks have been
selected taking into account the top banks in the
BSE 100 index ranked on the basis of market
capitalization. In order to study the quality of
Corporate Governance practices of the banks,
an assessment tool – Corporate Governance
Disclosure Index (CGDI) has been developed.
The data has been collected from the annual
reports of the banks from the financial year 2002
to 2014. Further, to investigate the difference in
both the sector banks, student’s t-test has been
applied. The findings of the study reveal that
both the sector banks have significant difference with respect to Board related parameters,
Remuneration Committee sub-index and Non-
Mandatory sub-index.
The banking sector is seen as an important link between different stakeholders in the country by
taking funds from surplus units and channelling them to units that have deficits. Despite this important role, it is
observed that engagement in certain unethical practices has made the efforts of the firms in the sector to seem
useless.
An Investigation of the Effect of Challenges Encounters Female Entrepreneuria...AkashSharma618775
The participation of females in entrepreneurial activities is such a satisfying ideal that has proven to
convey positive contribution towards economic process. To ascertain this; the subject matter has presented herein.
Such presentation has been done by giving detailed analysis of the effects of challenges encounters female
entrepreneurial taking Malaysia, which is one of the transformed economies as the country of context. There is a
promising growth in entrepreneurial activities in the recent years in Malaysia; yet, this growth has seen to have
many male entrepreneurs leaving females with minimal rate of participation. There are challenges identified,
evaluated and analyzed to be the very reasons that leads to this scenario. The study employed three challenges
called economic, resource and cultural extracted from Isa et al., (2018); the challenges which are henceforth
implemented as independent variables (IVs) of the study. The study has found the significant correlation between
each of these IVs (EoC) and its subject matter; that’s female entrepreneurial (FE) in Malaysia the DV with the
significant levels of 0.026 and 0.012 respectively. The extent of effects was regretted to be 62% within the inverse
correlation of 0.89 to mean that the increase of EoC results to the decrease of FE and the decrease of EoC leads to
the increase of FE. The statistical analytics were measured using SPSS and data were secondarily reviewed from
the study of Hossain et al., (2018). For further researches; an expansion to reach other stakeholders like police
makers and officers of financial institutions has been recommended because, this study has been established on the
mere perspectives and opinions of entrepreneurs and not other stakeholders of entreprenerial activities.
This study examines empirically the relationship between corporate social responsibility and financial performance of some selected banks in Nigeria with the use of secondary data, sourced from six (6) selected banks annual reports and accounts using Judgemental sampling in a population of fifteen (15) Banks. Financial summary between “2002-2011” i.e. ten (10) years period and NSE FACT Book were used to obtain data. The objective of this study is to examine the impact of banks financial performance on Corporate Social Responsibility. The study utilized multiple regressions for the analysis of collected data, findings from the analysis of selected banks show that financial performance (PAT, ROCE, EPS) have significant positive impact on corporate social responsibility, and the collinearity test show that there is no Multicollinearity between the independents variables. The Independent Variables are PAT, ROE, ROA, EPS and ROCE which constitute indicators of banks financial performance while the Dependent variables are Philanthropic, Economic, Legal and Ethical Responsibilities (CSR). It is recommended that Nigerian banks should embrace the culture of CSR and government should established laws and regulations to oblige financial institutions or rather banks in Nigeria to give adequate attention to social responsibility, social accounting and put in place strong mechanisms and institutions to monitor compliance and if possible determine the quantum amount of charitable contribution to be reported in their annual reports and accounts by providing index or range.
Impact of Company Strategy on Microfinance Institution Performance in IndonesiaIJASRD Journal
The development of industrial microfinance in Indonesia gained the appreciation and attention of various experts in the field of microfinance. Microfinance in Indonesia is considered to be one of the greatest in the world, and has undergone a shift in the service paradigm undertaken by Micro Finance Institutions in Indonesia. This paper seeks to uncover the role of management strategies in improving the performance of MFIs in Indonesia, in addition to internal and external factors of the MFI itself as an aspect that significantly affects performance. The literature review shows that management strategy plays a significant role in improving the performance of MFIs, in addition to internal factors of MFIs and the external conditions of MFIs in Indonesia.
Analysis of the effects of economic corporate social responsibility on financ...inventionjournals
The purpose of this study was to analyze the effect economic corporate social responsibility on Financial performance. The study was guided by the following objectives: To analyze the effect of innovational CSR cost on financial performance, to examine the effect of social quality practices spending on financial performance ,to find out the effect of corporate entrepreneurship spending on financial performance and to examine the effect of financial literacy expenditure CSR on financial The study was guided by Stakeholders theory, Shareholder theory and Shareholder-Based Financial Performance theory. This study used quantitative research approaches. Quantitative research is generally associated. Collecting and converting data into numerical form so that statistical calculations can be made and conclusions drawn. This study will employ descriptive research design. The target population used was 100 and sampling procedure used was stratified. The study used primary (collected using questionnaires) and secondary data (trend analysis). To test the validity of the research instruments the questionnaires prepared and submitted to the supervisor and other research experts. In order to test the reliability of the instrument used in this study, the researcher used test retest method. Descriptive and inferential statistics method was used for data analysis and interpretation regression model was used to analyze the effect between variables. The study recommended that companies should ensure effective sustainability programs which include social responsibility, They should also ensure effective social programs are accomplished through cause-related marketing and corporate philanthropy, they should also create initiative which has beneficial relationship between the corporation and society, they should also should ensure corporate governance which is the framework of rules and practices by which a board of directors and embrace accountability, fairness, and transparency in a company's relationship with its stakeholders. For further research the study suggests that more studies should be done on economic social responsibility and corporate governance, economic social responsibility and financial literacy.
Corporate Social Responsibility and Profitability in the Banking Sector: The ...Dr. Amarjeet Singh
In this article, we explore the relationship between corporate social responsibility and profitability with particular reference to Ethiopian financial industry. In line with this, the paper investigated the practice of corporate social responsibility and its impact on profitability in two private banks in Ethiopia. The study used two sampling phases. The first one is to sample out the two banks among the sixteen private banks operated in the country and the second phase is to select number of respondents within the selected banks. According to National Bank of Ethiopia, (NBE, 2020) annual report among the sixteen private commercial banks operated in the country, six of them were operated in the industry for more than 20 years and two banks namely Dashen and United banks were randomly selected for the study. The study used questionnaires as an instrument for data collection and the Cronbach alpha test was used to test the reliability of the instrument. Correlation analysis was carried out to identify the nature of strength and direction of the relationship between the independent variables (philanthropic, ethical, legal and economic responsibilities) and the dependent variables (profitability), regression analysis was also employed to determine the degree in which the dependent variable can be predicated or explained from the independent variables. The finding reveals that ethical, philanthropic, legal and economic responsibilities of CSR dimension have a positive and significant impact on profitability of the banks. Furthermore, the overall finding of the study suggested that CSR practice of banks has a significant impact on the level of their profitability. The study recommends that banks should improve their efforts exerted towards their CSR practice in order to enhance their profitability.
Post IFRS Convergence Investigation: Corporate Social Responsibility Disclosu...IJAEMSJORNAL
This research aims to determine the factors that influence the level of Corporate Social Responsibility Disclosures after International Financial Reporting Standards convergence by testing the effect of Institutional Ownership, Public Ownership, Board of Independent Commissioner Size and Company Size on Corporate Social Responsibility Disclosures index. Sample used are mining sector companies that listed on Indonesia Stock Exchange for period 2013-2016. The sources of the data were taken from audited financial reports and annual reports and sample were 19 banks which taken by using purposive sampling. This research uses quantitative approach with multiple linier regression analysis. The results show that institutional ownership, public ownership and company size have a positive and significant effect on corporate social responsibility disclosures. There is no evidence to suggest that board of independent commissioner size have any effect on corporate social responsibility disclosures. The results simultaneously show that Institutional Ownership, Public Ownership, Board of Independent Commissioner Size and Company Size have an influence on Corporate Social Responsibility Disclosures..
The objective of the study is to examined Corporate Social Responsibility Disclosure in quoted money deposit
Banks in Nigeria. The research design used for this study is historical research design. The design was used so as to
capture relevant information from annual financial statement of quoted companies. The population of the study
consists of Twenty one (21) deposit money banks in Nigeria and a sample of eight commercial banks was randomly
selected using convenient sampling technique. Data were analyzed using ordinary least squares regression. The
findings of this research indicate an existence of negative relationship between firm complexity and environmental
disclosed in the Nigerian banking sector. It also indicates the existence of positive relationship between earnings and
CSR disclosure in the Nigerian banking sector and that bank size was negatively related to the extent of corporate
social responsibility disclosure by Nigerian banks. The implication of these findings is that as bank increase its
activities they should also be concern with the well-being of the environment which they operate. Finally, the study
recommends that banks should focus on activities that will synchronize its corporate goals with the sustainability of
the environment
A Correlation of CSR and Intellectual Capital, its Implication toward Company...inventionjournals
Traditional accounting approach is not considered an intangible asset in determining the value of the company. Judging from the strategic aspect, the business is now growing process wherein, the company actively doing research, product innovation, development potential of the company, management and employee skill improvement and so on. So all the intangible aspects that are key to increasing the value of sustainable enterprises. One example of an intangible asset is intellectual capital (IC). On the other hand this aspect as neglected because it is not expressed in the financial statements which is the main basis in the valuation of the company. This study is exploratory research, has the main objective to assess the link CSR activities with IC in their influence on the creation of value for the company. Outcomes research studies be developed from the analysis of ratings and disclosures IC with antecedent and concequences which have been tested by previous research. However, these studies largely carried on the business environment in developed countries, and is still very limited studies conducted in developing countries that have a cultural background of eastern Indonesia. Based on reviews of an extant of literatures, several internal factors were identified as antecedents for IC. They are: CSR activities, firm growth and type of industry. The sample selection was based on certain criteria, and acquired 52 manufactured companies listed in IDX, from 2010-2014. Thisresearchfinds that CSR disclosure, specifically in the areas of social aspects and firm’s size significantly influences IC and firm value. There was no evidence to support the existence of significant influence of growth toward IC. IC is an intervening variable for the influence of CSR toward company’s value. Overall, findings of this research suggest that IC can be used to improve firm financial performance. The implication of this study is that companies should be concern to report their social activities and upgrade the quality of human capital who theirs.
The Islamic Banking, Asset Quality: “Does Financing Segmentation Matters” (I...Mercu Buana University
Bank stability becomes one of the crucial pillars in maintaining economic growth. Therefore, the segmentation strategy is needed because it aims to improve the financial stability of the bank (decrease Non-Performing Loan-NPL / Non-Performing Financing-NPF). This study aims to determine the effect of segmentation on the quality of Islamic banks proxied with NPF. The method used is a quantitative method with multiple regression test and statistical tool Stata version 13. From the results of statistical data, it is known that the retail segment has a more significant influence than the wholesale segment, which is 92.61% and 56.05%. Therefore, sharia banks should have their business priorities in the retail segment, especially business in the microfinance segment by maintaining the quality of financing through selective financing channeling.
Determinants of CSR Disclosure: A Study on the Listed Fast Moving Consumer Go...inventionjournals
As the rising of the corporate social responsibilities (CSR) is becoming a concern since the millennium year, especially by large or public listed companies in Bursa Malaysia. However, there are not much of those companies willing to disclose their CSR information to the public. Therefore, this endeavour is to investigate the content of CSR in annual reports and examine the significant relationship between determinants and CSR disclosure of listed fast moving consumer goods (FMCG) companies in Bursa Malaysia. This is a quantitative research, which involve content analysis since it adopted annual reports as main data resources. CSR, financial, and organisation information are going to be extracted to reckon the relationships between the variables and CSR disclosure by using CSR index and multiple regression. Result based on the analysis indicated that only two variables were significantly correlated with the CSR disclosure, which namely profits earned and independent directors. The top three elements that the most disclosed by these companies are general philanthropy, community programs and employee welfare. This study is important and its helps company in business decision making as this provide the extent of CSR disclosure of the industry. In addition, this study can be as reference to other companies for future CSR implementation.
The Relevance of Working Capital, Financial Literacy and Financial Inclusion ...AJHSSR Journal
ABSTRACT : The development of the number of micro and small business actors in Indonesia is very fast,
but currently Micro, Small and Medium-Sized Enterprises are still in the small business zone and have
limitations to be developed. This research is oriented towards examining the relevance of working capital,
literacy and financial inclusion in explaining the financial performance and business sustainability of Micro,
Small and Medium-Sized Enterprises. A total of 310 MSMEs spread across 26 business groups were used as
the unit of analysis of the 1,382 MSMEs in Makassar City. The results of the analysis of structural equation
modeling with AMOS show that effective and efficient working capital management makes a real contribution
to efforts to improve financial performance. On the other hand, it is an interesting fact that business actors'
financial literacy and inclusion have an impact on their low financial performance. Culinary business actors in
their implementation have high working capital so that it has an impact on the high level of business
sustainability. In a direct relationship, it is also found that business actors have financial literacy so that it is not
able to increase business sustainability. This condition is also found in financial inclusion. MSMEs are proven
to be able to produce high financial performance so that it has an impact on a high level of business
sustainability. Relevance does not directly provide evidence if high working capital is proven as a trigger for
business sustainability through financial performance. Different results are shown in the relevance of financial
literacy and financial inclusion which based on the findings are not proven as a driver of business sustainability
through financial performance.
KEYWORDS - Financial literacy, inclusion, performance, sustainability, working capital
A SERVICE QUALITY OF ISLAMIC MICROFINANCE IN INDONESIA: AN IMPORTANCE-PERFORM...Iwan Kurniawan Subagja
The rapid growth of financial system in Indonesia creates an intensive competition between Conventional and Islamic financial institutions. The study aims to evaluate the service quality of Islamic Microfinance Institution in Indonesia. The survey was carried out to acquire data from 136 respondents. Descriptive statistics and importance performance analysis (IPA) was used to analyze the data. The finding show that attributes plotted in quadrant “keep up the good work” are providing prompt service, and helpful response to customer requests, Ability in providing services to the customer as needed, prompt service on financial counselling, Ability of staff in giving proper explanation to the customer, Ability to keep the transaction process secure, and Shariah compliance banking products. Meanwhile, the attributes plotted in quadrant “concentrate here” are accessible of location of ATM, easy to access the location, ability to navigate customer to find what they intend, ability to maintain accuracy of bank statement, and ability in providing after sale services. To the best of author’s knowledge, it is the first study that measuring the service quality of Islamic microfinance from customer perspective using importance-performance approach.
The takaful market has become more diverse with a tremendous increase in the
number of takaful operators worldwide. In overall, the growth of takaful has been
consistently increasing since 2010. Nevertheless, there is a slight difference between
family takaful and general takaful growth, unfavorably the family takaful. Thus, this
research is carried out to examine the significant factors influencing the choice of
family takaful among its participants. For that purpose, one takaful operator has been
sampled out. The findings relate to three contributing factors to the demand of family
takaful products; benefits, product features and quality services. Based on the
findings, takaful operator should focus in improving the takaful agents’ knowledge
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
1. Proceeding - Kuala Lumpur International Business, Economics and Law Conference 4 (KLIBEL4)
Vol. 2. 31 May – 1 June 2014. Hotel Putra, Kuala Lumpur, Malaysia. ISBN 978-967-11350-3-7
CSR DISCLOSURE EVIDENCE IN INDONESIA:
SHARIA AND NON SHARIA BANK
Chrisna Suhendi
Faculty of Economics, Sultan Agung Islam University of Semarang, Indonesia 50112
E-mail: chrisnasuhendi@unissula.ac.id, Tel: +6281325671964
Maya Indriastuti
Faculty of Economics, Sultan Agung Islam University of Semarang, Indonesia 50112
E-mail: maya@unissula.ac.id, Tel: +6281575372844
ABSTRACT
This study is aimed to analyze and empirically test the Corporate Social Responsibility Disclosure
(CSRD) between Sharia and non Sharia Banks. CSRD data is collected from the company related
to social activities that include the following themes: environment, energy, health and
occupational safety, other labor, products, community involvement, and general information. All
items of CSRD were measured using content analysis with the check list of the items of CSRD in
the annual report of each Sharia Bank (Mandiri Sharia Bank, BNI Sharia, and BRI Sharia) and
Non Sharia Bank (Mandiri Bank, BNI, BRI). Mann-Whitney test was aplied to compare the
CSRD of the two different type of banks. The results showed that, in general, there is no
difference between the two type of banks. However, non sharia banks tend to disclose more
enviromental, energy and general information than sharia banks. This might have been due to the
fact that Banks in Indonesia adopt the dual banking system that allow the non-sharia banks have
Sharia Business Units/sharia banking units. It is mean that all activities of the sharia banking still
depends on the policy of the corresponding conventional banking. While, Sharia Banks tend to
disclose more information related to non-riba, gharar, zakat, saddaqa, waqf, and qard Hasan
activities. In order to the form of social activities Sharia bank, for example: distribution to a
number of corporate zakat, provision of social assistance to the community/population/people who
are less able, aid to education, aid to disaster victims, and the last ono is providing medical
assistance.
Keywords: Corporate Social Responsibility Disclosure (CSRD), annual report, Sharia Banks, Non
Sharia Banks, Mann-Whitney test
2. Proceeding - Kuala Lumpur International Business, Economics and Law Conference 4 (KLIBEL4)
Vol. 2. 31 May – 1 June 2014. Hotel Putra, Kuala Lumpur, Malaysia. ISBN 978-967-11350-3-7
INTRODUCTION.
Corporate Social Responsibility Disclosure (CSRD) is a mandatory information which
must be disclosed in the annual report of company or presented separately in the sustainability
report (Sulaiman and Willet, 2003). The importance of CSRD is associated with improved
financial performance, enhanced brand image and increased attractiveness of the company as the
best workplace, which ultimately will affect the market value of the company (Wahjuni et al,
2012). Based on the standard of the World Bank, there are several major components in CSR
which include: (1) environmental protection, (2) job security, (3) Human Rights, (4) interaction
and company involvement with community, (5) business standards, (6) market, (7) development
of economic and business entities, (8) health care, (9) leadership and education, and (10)
humanitarian disaster relief efforts. For a company, CRSD can be seen as a positive thing because
it can build positive image of the company, so the ten components must be pursued to fulfill.
Many countries are supporting this CSRD, for example, the Malaysian government
provides financial incentives for public-listed companies (PLCs) that report their social
responsibility (Wahjuni et al, 2012 and Dusuki et al., 2005). In Australia, the issue of human
rights and globalization are two reasons why companies undertake social responsibility reporting
(Ahzar and Trisnawati, 2013). Meanwhile, the European countries treat CSRD as a priority
informasi in order to achieve one of its strategic objectives, which are listed in the Lisbon Strategy
the spring of 2000, ie become knowledge-based economy the most competitive and dynamic in the
world, can maintain sustainable economic growth, can provide more jobs and more feasible, and
maintain better social cohesion (Cosmin and Eugenia, 2009 in Ahzar and Trisnawati, 2013).
Similarly, in Italy, CSRD is used as a strategic management for banks which multi-stakeholder
orientation and to create a value for related parties and company transactions carefully (Zappi,
2007 in Ahzar and Trisnawati, 2013). In addition, Nigeria needs CSRD because of changing in
consumer behavior as a result of globalization and the deregulation of financial services,
privatization by national banks predecessor, development of information technology, and other
(Achua 2008 in Ahzar and Trisnawati, 2013).
In contrast, according to Fitria and Hartanti (2010), in Indonesia, banking CSRD purpose
is just to meet the information needs of financial statements users regarding the extent to which
the company has been carrying out social activities so that the right of people to live safely and
peacefully, employee welfare, and safety of foods can be met. Banking companies implement
CSRD because of the accountability paradigm shift, from management to shareholders into
management to all stakeholders and maintain the company's image in the eyes of society (Anto
and Astuti 2008, and Irfan, 2009).
Surveys conducted by the Bahrain Monetary Agency in 2004 showed that the number of
Sharia banking institutions increased significantly, from 176 in 1997 to 267 in 2004 operating in
60 countries in the world with a growth rate of 15% per year (Zaher and Hassan, 2001 in Fitria
and Hartanti, 2010). In addition, in Indonesia, Sharia banking recorded significant growth, with a
growth rate of 2.2% (Bank Indonesia, 2008). In 2010, the assets of sharia banking have reached 79
billions rupiah. This figure showed that assets has increased about 39 percent compared to the
previous year. Institutionally, Sharia banking has also increased. The number of Sharia banks in
2010 has became 10, it means 4 newly established compared to 2009. In addition, institutionally,
Sharia banks has grown. This is indicated by the increase in the number of Sharia banking offices
reaching to 400 banks (Bank Indonesia, 2010).
Based on Bank Indonesia Regulation number 8/3/PBI/2006, the banking system allow
Channeling Office system. The system provides an opportunity for the non-sharia banks having
sharia Banking Window/unit (UUS) to provide sharia transactions without the need to establish a
new sharia banks. In terms of CSRD, sharia banking has different and similiar characteristics
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compared with the non-sharia ones. Table 1 summarizes characteristics of CSRD of banking in
Indonesia.
Table 1: CSR Banking in Indonesia
No CRS Items Non Sharia
Bank
Sharia
Bank
1 Environment
2 Energy
3 Labor Health and Safety
4 Other labor
5 Product
6 Community Involvement
7 General Information
8 Investment and Finance (riba activity, gharar,
zakat, and policies in dealing with late payments
by insolvent clients)
-
9 Haram transactions -
10 Social scope (shadaqah activity, waqf, qard
Hassan)
-
Source: collected and analyzed by author from annual reports issued by companies in 2014.
By the increasing number of sharia banks in Indonesia, the research question in this study
is : is whether is there a difference between the CSRD of the sharia banks and non-sharia. Thus the
purpose of this study is to test and analyze the CSRD between the two types of banking.
LITERATURE REVIEW AND HYPOTHESIS DEVELOPMENT.
Dusuki and Dar (2005) shows that the CSRD increase an efforts to create competitive
advantages. Douglas, et al (2004) in Ahzar and Trisnawati, (2013) argues that the quality and
quantity of social responsibility information of Irish banks disclose more social responsibility on
their web sites than in their annual reports. Branco and Rodrigues (2006) showed that Portuguese
banks have a greater concern to disclose their social responsibility information in their annual
report than in the web sites
Anto and Astuti (2008) emphasizes on CSR development framework which is associated
with stakeholders, and analyzied the benefits of the company's relationship to stakeholders. The
research results in a modular approach to CSR and the need for an integrated CSR bank
fundamental strategic oriented, to drive CSR into the heart of business theory and practice.
Achua (2008) Ahzar and Trisnawati (2013) finds that the selfishness, lack of policy
made,unfavourable macroeconomic environment, and corruption in the economic system became
major obstacles to the implementation of CSR in Nigerian banking system.
Irfan (2009) said that CSR initiatives have a small effect but significant on a trademark
selection. Khan (2010) in Ahzar and Trisnawati (2013) showed eventhough voluntary, CSR
reporting by the PCB in Bangladesh tends to be low, but variations of the items reported was very
impressive. In addition, management strategies and requirements for industry stability during the
reform became motivation for the implementation of CSRD for banking companies. Dusuki and
Dar (2005); Othman, Thani and Ghani (2009), and Wahjuni, et al (2012) stated that the majority of
the company's CSR reporting practices of sharia companies listed on the Malaysian stock
exchange is still in the conceptual stage. This is due to the lack standards to adopt in the
implementation of CSR sharia companies.
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Prasad (2008) and Nur (2009) concluded that the non-sharia banks reveals more CSR
information than sharia banks. However, Maali and Napier (2003) stated that Sharia banks have
more spiritual dimension, that is, not only concern with businesses that require a non-usury (non-riba),
but also capable of improving the public welfare, especially for low-income segments of
society. This is confirmed by the Indonesian Institute of Accountants (IAI) in the Statement of
Financial Accounting Standards (SFAS) No.1 (revised in 2010) in paragraph nine that implicitly
suggested t CSRD for environmental and social problems.
Based on the above discussion, the following hypothesis is proposed.
H0: There is no difference in corporate social responsibility disclosure (CSRD) between Sharia
and non-Sharia banks.
RESEARCH METHOD
RESEARCH SAMPLE.
The sample was 3 state-owned non-sharia and their corresponding sharia banks i.e.: Bank Mandiri
and Bank Mandiri Sharia; BNI and BNI Sharia; BRI and BRI Sharia.
OPERATIONAL DEFINITION AND MEASUREMENT OF VARIABLES
Table 2
No. Variable Definition Measurement
1. CSRD The data disclosed by
companies related to social
activities (Hackston and
Milne, 1999)
The number of items
disclosed by corporate /
expected number of
items.
DATA ANALYSIS TECHNIQUES.
CSR disclosure of Sharia and non Sharia are measured by indicators of content analysis and check
list on social disclosure items, that is: the environment, energy, labor health and safety, other
labor, products, community involvement and general information . The data is analyzed using
Mann-Whithney.
RESULTS.
The Results can be seen in Table 3; 4; 5 and 6. CSR disclosure index measured by total of each
item in CSR divided by expected items.
Table 3: CSR Disclosure between Non-Sharia and Sharia Banks, 2012
Non Sharia Env. Energy L.H.S O.E Prod. C.I General Total
Mandiri 6.0 3.0 1.0 15.0 6.0 9.0 1.0 41.0
BNI 4 .0 1.0 1.0 20.0 6.0 8.0 1.0 41.0
BRI 6 .0 4.0 7.0 18.0 6.0 8.0 1.0 50.0
Average 5.3 2.7 3.0 17.7 6.0 8.3 1.0 44.0
Sharia
Mandiri Sharia 3.0 0.0 6.0 15.0 7.0 8.0 2.0 41.0
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BNI Sharia 3.0 0.0 0.0 16.0 4.0 8.0 3.0 34.0
BRI Sharia 3.0 0.0 0.0 7.0 5.0 6.0 3.0 24.0
Average 3.0 0.0 2.0 12.7 5.3 7.3 2.7 33.0
Source: were collected and calculated by the author from the annual reports issued by the banks
Table 4: CSRD Index between Non-Sharia and Sharia Banks, 2012
Non Sharia
Env.
(7)
Energy
(3)
L.H.S
(8)
O.E.
(28)
Prod.
(6)
C.I (9)
General
(2)
Total
(63)
Mandiri 0.86 1.00 0.13 0.54 1.00 1.00 0.50 5.02
BNI 0 .57 0.33 0.13 0.71 1.00 0.89 0.50 4.13
BRI 0 .86 1.33 0.88 0.64 1.00 0.89 0.50 6.10
Average 0.76 0.89 0.38 0.63 1.00 0.93 0.50 5.08
Sharia
BSM Sharia 0.4 0.0 0.6 0.5 1.0 0.8 1.0 4.4
BNI Sharia 0.4 0.0 0.0 0.6 0.9 0.9 1.0 3.7
BRI Sharia 0.4 0.0 0.0 0.2 0.6 0.6 1.0 2.8
Average 0.4 0.0 0.2 0.4 0.8 0.8 1.0 3.6
Source : Data Processed, 2014
Table 5: Mann-Whitney Test
Test Statisticsb
TI
Mann-Whitney U 1.000
Wilcoxon W 7.000
Z -1.528
Asymp. Sig. (2-tailed) .127
Exact Sig. [2*(1-tailed Sig.)]
.200a
a. Not corrected for ties.
b. Grouping Variable: Kelompok
Tabel 6: Mann-Whitney Test - Item of CSRD
Test Statisticsb
Env. Energy L.H.S O.E. Prod. C.I. General
Mann-Whitney U .000 .000 2.000 4.000 1.500 2.000 .000
Wilcoxon W 6.000 6.000 8.000 10.000 7.500 8.000 6.000
Z -2.023 -2.087 -1.124 -.218 -1.549 -1.107 -2.236
Asymp. Sig. (2-tailed) .043 .037 .261 .827 .121 .268 .025
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Exact Sig. [2*(1-tailed
Sig.)]
.100a .100a .400a 1.000a .200a .400a .100a
a. Not corrected for ties.
b. Grouping Variable: Group
DISCUSSION.
Generally, CSRD of non-sharia banks is not significantly different from the sharia ones.
However, when it is viewed from an individual item, it can be seen that environment, energy and
general information of the conventional banks was shown to be higher than sharia banking. This
might have been due to the fact that banks in Indonesia adopt the dual banking system that
allow the non-sharia banks have Sharia Business Units/ sharia banking units. It is mean that all
activities of the sharia banking still depends on the policy of the corresponding conventional
banking. In addition, the main income sources of Sharia CSR came from the charity fund (qardhul
hasan) which derived from non-kosher and can also come from fines for late return of the
obligations by the customers, it should not be categorized in the operating income of the bank. The
loans virtue is granted to the poor and aimed to encourage their bussiness for their survival. In
addition, social fund collected by the three banks were obtained from corporate zakat, employee
zakat, as well as customers bank donation.
CONCLUSION.
There was no significat difference in CSR disclosure between sharia banks and non-sharia banks.
This study has a limitation, that is there is no CSRD standard on the sharia bank. Sharia banks
should be able to make corrective of measurement in the CSR disclosure. Last but not least, the
study period needs to be extended so that CSRD is getting better.
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