Corporate Social Reporting Practice: Evidence from Listed Companies in Bangladesh

This article presents an empirical investigation into the corporate social reporting practices of listed companies from Bangladesh, where corporate social reporting is a matter of voluntary disclosure. Analysis of annual reports published in 2007 reveals that only 15.45% of listed companies made such disclosures. This article presents an extensive survey of the contents, form, nature, and extent of corporate social reporting practices of listed companies. Analysis over a wide range of industries reveals that companies in the banking sector secure the highest rank in terms of corporate social reporting; three fourths of all disclosures are generalized qualitative statements without any attempt at attestation; more than one half of the disclosures are located in the director's report; and the mean amount of disclosures was less than half a page.     

Overlapping Membership on Audit and Compensation Committees and Financial Reporting Quality

This paper examines whether the audit committee members of a board improve financial reporting quality if they are also on their organisation's compensation committee. Audit committees are responsible for overseeing the financial reporting process of organisations and have been urged to broaden their understanding of business risk and of the incentives provided by their firms’ executive compensation structures. Acknowledging the interrelationships among executive compensation, risk‐taking and financial reporting quality, members of audit and compensation committees have been advocating more information sharing between the two committees. Using archival data from a sample of Australian Stock Exchange listed companies, and discretionary accruals as a proxy for financial reporting quality, this study finds that firms with overlapping committees have better quality financial reporting than those without such an overlap. Our evidence for this is stronger in cases where managers tend to manage earnings upwards in order to meet or beat earnings benchmarks. We also find that the beneficial effect of the existence of overlapping committees is adversely affected by the equity holdings of directors with overlapping memberships.     

Estimating survivor function using optimally selected order statistics

This paper deals with the estimation of survivor function using optimally selected order statistics when the sample sizen is large. We use the estimates (μ*,σ*) based on the optimum set of order statistics for largen and fixedk (≤n) such that the estimate has optimum variance property. The asymptotic relative efficiency of such an estimator is compared with the one based on the complete sample. The general theory of the problem and specific details with respect to a two-parameter Normal, Logistic, Exponential and Pareto distributions is considered as an example.     

Preliminary test ridge regression estimators with student’s <Emphasis Type="Italic">t</Emphasis> errors and conflicting test-statistics

The preliminary test ridge regression estimators (PTRRE) based on the Wald (W), Likelihood Ratio (LR) and Lagrangian Multiplier (LM) tests for estimating the regression parameters has been considered in this paper. Here we consider the multiple regression model with student t error distribution. The bias and the mean square errors (MSE) of the proposed estimators are derived under both null and alternative hypothesis. By studying the MSE criterion, the regions of optimality of the estimators are determined. Under the null hypothesis, the PTRRE based on LM test has the smallest risk followed by the estimators based on LR and W tests. However, the PTRRE based on W test performs the best followed by the LR and LM based estimators when the parameter moves away from the subspace of the restrictions. The conditions of superiority of the proposed estimators for both shrinkage parameter, k and the departure parameter, are provided. Some tables for the maximum and minimum guaranteed efficiency of the proposed estimators have been given, which allows us to determine the optimum level of significance corresponding to the optimum estimator. Finally, we conclude that the estimator based on Wald test dominates the other two estimators in the sense of having highest minimum guaranteed efficiency.     

Marketing challenges and organic farming in India—Does farm size matter?

The growing health consciousness among the consumer and increasing awareness about organic food has led numerous opportunities for organic producers. Along with opportunities, there also arise challenges; thus, the main purpose of this study is to explore the marketing challenges faced by the organic and conventional farmers in India. The study also aims to examine the differential association of the marketing challenges on various farm sizes. The sample comprised 400 Indian farmers including both conventional and organic producers. A sequential form of mixed‐method design, that is, qualitative–quantitative, was applied. In the first phase, an exploratory study was convened to find out the marketing challenges among organic and conventional farmers. In the second (quantitative) phase, binomial and multinomial logistics regression was applied to ascertain the differential impact of the marketing challenges on the type of farming and different farm sizes. The results of the qualitative analysis revealed six major marketing challenges faced by the farmers, namely, lack of warehousing facility, lack of price information, inadequate demand for crop, costly transportation, market price variations, and lack of government support. The results suggest there are significant differences in the marketing challenges faced by the conventional and organic farmers across farm sizes. This study is among the few to examine the marketing challenges of organic and conventional farmers in a developing country such as India. The findings will help different stakeholders to frame policies and build strategies to promote organic farming, which will lead to sustainable and responsible consumption in India.     

Re-Examining the Determinants of Islamic Bank Performance: New Evidence from Dynamic GMM,Quantile Regression,and Wavelet Coherence Approaches

This study is the first attempt to conduct a comparative analysis of the internal and external determinants of the Islamic banks’ profitability in the GCC region applying dynamic GMM, quantile regression, and wavelet coherence approaches. The dynamic GMM tends to indicate that equity financing and operating efficiency and macroeconomic variables such as money supply, and inflation are significantly related to Islamic banks’ performance. The bank-specific variables such as credit risk, equity ratio, and cost-efficiency ratios are not significant at different percentiles. ROA is driven by credit risk, equity ratio, and cost-efficiency ratios (as evidenced in wavelet coherence analysis).     

Achieving sustainable urban transport mobility in post peak oil era

Peak oil is the term used to describe the point at which global oil production will peak and thereafter start to decline. Recognising that transport uses a significant portion of global energy, the shortage of fossil fuel in post peak oil era will pose a global challenge in the transport sector. The paper presents an assessment of international research to illustrate the possible time frame of peak oil. It investigates the key implications of the oil shortage that threaten to render the urban transport system of Australia ineffective. Synthesis of documented research evidence suggests three major implications in the urban transport sector: (1) a reduction of mobility for individuals, (2) an increase of transport disadvantage, and (3) a disruption of urban freight movement. In addition, the paper explores strategies to cope with the devastating effects of the shortage of the fossil fuel in the post peak oil era. A number of strategies to achieve sustainable mobility in the future urban transport system are presented. These strategies are summarised into three main themes: (1) a mode shift to alternate transport modes, (2) an integration of land use and transport planning, and (3) a global technical effort for alternate fuels and vehicles. It is expected that a concerted global effort in this regard can have a far-reaching effect in achieving sustainability in urban transport mobility.     

GOODS AND SERVICES IN EXCHANGE FOR GOODS AND SERVICES The Milhaud Plan

The following article, which forms the first of a series, is taken from the December, 1941, number of the English periodical "Export", the official journal of the Institute of Export (*) . It will be followed by all the other articles which go to make up the series. We thank the authors and the directors of the review for their kindness in giving us permission to reprint this series of articles. (Editor of the Annals .)     

Adoption of digital banking channels in an emerging economy: exploring the role of in-branch efforts

The aim of this qualitative study is to analyse the role of in-branch efforts of banks on migrating customers from branch banking to digital banking in India. In-depth semi-structured interviews were conducted with bank executives representing senior management from public and private sector banks in India. Qualitative content analysis technique was used to analyse the data. Varieties of responses received during interviews were clubbed into four main themes based on data reduction, display, and conclusion-drawing processes. In-branch communication with customers, digital transformation of the branch, customer-centric initiatives, and redefined role of branch staff hold the potential to bridge the customers’ migration to digital banking. The paper suggests that the key identified factor in improving digital banking acceptance in India is the requirement of integrated cultural and organisational changes at the bank’s level to gain the customers’ confidence and trust in digital banking.