Papers by Mofijul Hoq Masum
Anti-money laundering and emerging economy—Evidence from Bangladesh
Journal of infrastructure, policy and development, Jun 12, 2024
Journal of Nusantara Studies, Sep 30, 2023
The Covid-19 pandemic has sparked global challenges, economic disruption, and an increase in rela... more The Covid-19 pandemic has sparked global challenges, economic disruption, and an increase in related crimes, such as scams, fraud, and cybercrime. It has also changed the routines of individuals, businesses, and governments in combating financial crimes, especially professional accountants. As front-liners in the anti-money laundering (AML) regime, professional accountants play a vital role in combating financial crime, including money laundering activities that have risen during the pandemic. However, limited study has investigated the money laundering reporting framework for the professional accountants. Hence, this study aims to investigate the money laundering framework for professional accountants that suits the post-pandemic period. Methodology: This study conducted a content analysis, focussing on the current red flags for money laundering activities specifically for the professional accountants mentioned in prior literature and publicly available reports such as Financial Action Task Force (FATF), ICAEW and ACCA Global.
Research In Management and Accounting, Nov 30, 2023
The COVID-19 pandemic had a significant impact on numerous companies in emerging economies, inclu... more The COVID-19 pandemic had a significant impact on numerous companies in emerging economies, including the engineering sector, due to lockdown restrictions and supply chain disruptions. Moreover, many companies within the engineering sector witnessed a decline in their financial performance as a result of the pandemic. This study evaluates the influence of the COVID-19 pandemic on the financial performance of the engineering sector in the emerging country-Bangladesh. The study considers the secondary data from the listed companies in the Dhaka Stock Exchange, focusing on engineering companies. This study utilized a quantitative research methodology employing a thematic approach. To evaluate financial performance, changes in net profit, changes in revenue growth, and three relative performance ratios-liquidity ratio, profitability ratio, and solvency ratio are used to compare the corporate performance before and after the COVID-19 pandemic in Bangladesh. It is found that the financial performances of the listed companies in Bangladesh are not facing as many obstacles as are observed in developed economies. This result implies that the impact of COVID-19 is sharply visible in the economy but is not as risky as the developed economy. This result will help corporate people in the developing economy adopt the necessary initiatives to cope with the upcoming natural issues.
Effect of board and ownership attributes on corporate performance in transition economy
Cogent business & management, Jul 2, 2024
Academy of Strategic Management Journal, Jul 1, 2019
Corporate Social Responsibility (CSR) research becomes a burning issue to the academics in the la... more Corporate Social Responsibility (CSR) research becomes a burning issue to the academics in the last three decades both in developed and developing countries. This study aims at examining the possible effect of Corporate Social Responsibility Disclosures (CSRD) on corporate performances based on five key dimensions of CSR, among the public listed companies in Bangladesh. We have considered the Return on Equity (ROE) and leverage ratio as the proxy of dependent variable-corporate performance. Five dimensions of the CSR practices namely, environment, employee, social and community services, product and customer are considered as the proxy of independent variable-CSRD. To determine the CSRD practices of the listed company a three scale content analysis having fifty seven items has been used. To conduct the study, a sample of 196 Dhaka Stock Exchange (DSE) listed companies from seventeen industries has been scrutinized. In our study, we have found significant relationship between the proxy variables of corporate performances and key dimensions of the CSR practices. We have found that the listed companies disclose more information concerning to the employee related CSRD and less information on environment related CSRD. Out of five proxy variables of CSRD, the employee related CSRD and the environment related CSRD has positive impact on corporate performance while the social and community service related CSRD, product related CSRD and customer related CSRD has no significant relationship on corporate performance. The findings of the study show that CSR practices are value relevant in developing countries like Bangladesh. The findings of the study contribute to the literature of CSR in the way that more CSR disclosing companies are performing well in recent days. These findings will encourage the corporate people to involve in more CSR activities as it ensures the sustainability of corporate performances.
The Journal of Asian finance, economics and business, Oct 31, 2020
The study aims to investigate the impact of ownership structure on corporate voluntary disclosure... more The study aims to investigate the impact of ownership structure on corporate voluntary disclosure in the listed companies of Bangladesh. While many studies on the impact of ownership structure on voluntary disclosure have looked at developed and developing countries, few studies have been carried out in a transition economy. Using a three-step relative voluntary disclosure index, the study applies a multivariate analysis on the cross-sectional data for the year 2018. The findings indicate that the quality of voluntary disclosure in transition economy is still below average but has improved compared to findings from the previous literature. We found a significant inverse relationship between corporate voluntary disclosure and public ownership, while no significant relationships between voluntary disclosure and institutional ownership, director ownership, and foreign ownership have been found. The empirical findings of the study will provide evidence to promote the voluntary disclosure characterized by the ownership structures. The findings have important implications for both local and foreign investors as they make their investment decisions especially related to a transition economy. Besides, the findings will assist, not only the corporate executives in rearranging their reporting paradigm, but also the regulators and governments in similar transition economy in adopting and formulating their corporate policies and strategies.
International Journal of Mechanical and Production Engineering Research and Development, 2020
This paper aims to introduce and discuss blockchain technology and its effect on the hospitality ... more This paper aims to introduce and discuss blockchain technology and its effect on the hospitality and tourism industry as well as a practical point of view to hospitality and tourism businesses. The central interest in this study is to produce a new and rigorous in-depth analysis that will provide the basis for a broad debate and perspective on potential uses of blockchain technology for hospitality and tourism research as well as the industry as a whole. Importance of the research: This study leads to knowledge development in the tourism industry by creating an extensive structure that enhances hospitality and tourism efficiency. The current study thus helps to alleviate tourism & hospitality integrated blockchain technology. Theory: A single technology adoption and use theory (UTAUT 2) is the fundamental theory for this study. Reference was made in this analysis to progress in the growth of the blockchain capability of hospitality and tourism. Methods: The current study focused on a concise methodology and quantitative analysis. QR is the simplest way to accept or deny a theory. Quantitative analysis from all of Malaysia has been obtained through a cross-sectional analysis via the sampling method. Originality: One of the latest researchto boost the efficiency of hospitality and tourism performance by blockchain. This research demonstrates how blockchain (familiarity, concern and error), trust,facilitating condition, consumer intention and blockchain adoption.
Ownership Structure and Corporate Tax Avoidance: Evidence from the Listed Companies of Bangladesh
Polish Journal of Management Studies
Academy of Strategic Management Journal, 2021
Corporate environmental disclosure is highly scrutinized both by the stakeholders and the academi... more Corporate environmental disclosure is highly scrutinized both by the stakeholders and the academia due to their greater impact within an economy. Interestingly, many corporations in the emerging countries go for voluntary environmental disclosure even without any mandatory requirement. Recognizing the scant literature explaining such inclination this paper attempts to uncover the underlying factors that may help for future enhancement of the culture of voluntary environmental disclosure. Studying a total of 284 firm-year observations of the years 2010 to 2014 of the publicly listed companies representing all industries of Bangladesh, a linear regression model is operationalized. This study finds that voluntary environmental disclosure varies over the years and across the industries. Moreover, voluntary environmental disclosure is affected by firm size and operating performance. Interestingly, the voluntary environmental disclosure also has a habitual influence since the firms having disclosure in one year tend to disclose more in the next year. This study provides support to the applicability of organizational legitimacy theory and the institutional theory in the context of a developing country with no strict environmental disclosure requirement.
Universal Journal of Accounting and Finance, 2022
This paper examines the impact of green banking disclosures on the quality of financial performan... more This paper examines the impact of green banking disclosures on the quality of financial performance over thirty listed banks of the Dhaka Stock Exchange. Time-series data through the year 2014 to 2017 have been scrutinized, out of which we have selected 70 effective samples because of the availability of the green banking disclosures. Multivariate analysis has been conducted where the spending on green banking is used as a dependent variable, the proxy variables of green banking disclosures. As the independent variable of financial performance, we have used three dimensions: profitability, liquidity, and solvency. The ROA, LR, and DAR have been used as proxy variables simultaneously. We found that green banking disclosures and ROA have a considerable positive relationship. In contrast, the other two financial performance variables, LR and DAR, have no statistically significant relationship with green banking spending. The study's findings will encourage the highly profitable listed banks to invest more in greening their activities, ultimately leading to sustainable development in this sector.
Extent of Corporate Social Responsibility Disclosure: Evidence from Bangladesh
Journal of Asian Finance, Economics and Business, 2021
Academy of Strategic Management Journal, 2019
Corporate Social Responsibility (CSR) research becomes a burning issue to the academics in the la... more Corporate Social Responsibility (CSR) research becomes a burning issue to the academics in the last three decades both in developed and developing countries. This study aims at examining the possible effect of Corporate Social Responsibility Disclosures (CSRD) on corporate performances based on five key dimensions of CSR, among the public listed companies in Bangladesh. We have considered the Return on Equity (ROE) and leverage ratio as the proxy of dependent variable-corporate performance. Five dimensions of the CSR practices namely, environment, employee, social and community services, product and customer are considered as the proxy of independent variable - CSRD. To determine the CSRD practices of the listed company a three scale content analysis having fifty seven items has been used. To conduct the study, a sample of 196 Dhaka Stock Exchange (DSE) listed companies from seventeen industries has been scrutinized. In our study, we have found significant relationship between the p...
Impacts of Board Characteristics on Corporate Performance: Evidence from Bangladeshi Listed Companies
The purpose of this study is to investigate the impacts of board characteristics on corporate per... more The purpose of this study is to investigate the impacts of board characteristics on corporate performance. To conduct this study one hundred and one Bangladeshi listed companies are taken into consideration. Simultaneous multiple regression analysis has been used to address the relationship between the proxy variables of board characteristics and the proxy variable of corporate performance. The study revealed that out of five proxy variables of board characteristics, board member’s ownership and foreign member on board has significant positive relationship on corporate performance whereas the other three proxy variables of board characteristics - board size, percentage of independent director on board and percentage of women on board has no statistical significant association along with corporate performances of the selected companies. Implications: The findings of the study portrays the scenario of board characteristics and its influence on corporate performance which certainly wil...
European Journal of Business and Management, 2017
Corporate taxes are an imperative source of revenue generation for the Bangladesh government. The... more Corporate taxes are an imperative source of revenue generation for the Bangladesh government. The research has been commenced with the prime intention of identifying the factors that has an impact on corporate tax payment in eleven industries consisting of ninety-four (94) companies in Bangladesh. This is a quantitative work based on a structure used on prior literature and studies crucial for the examination of corporate tax payment determinants that is cash flow from operations. And also the study scrutinized a list of research hypothesis on the basis of the framework and quantitative data. A three year data has been accumulated from the annual reports of the companies and ensured a sample of 280. The systematic random sampling method has been applied for the selection of the following industries Textile, Cement, Engineering, Ceramics, Fuel & Power, Tannery, Pharmaceutical, Food, Jute, Miscellaneous and Paper to confine the study towards the whole country. The Pearson Correlation ...
Problems and perspectives in management, 2020
ARTICLE INFO Mofijul Hoq Masum, Ahmed Razman Abdul Latiff and Mohammad Noor Hisham Osman (2020). ... more ARTICLE INFO Mofijul Hoq Masum, Ahmed Razman Abdul Latiff and Mohammad Noor Hisham Osman (2020). Determinants of corporate voluntary disclosure in a transition economy. Problems and Perspectives in Management, 18(4), 130-141. doi:10.21511/ppm.18(4).2020.12 DOI http://dx.doi.org/10.21511/ppm.18(4).2020.12 RELEASED ON Monday, 23 November 2020 RECEIVED ON Tuesday, 14 April 2020 ACCEPTED ON Friday, 06 November 2020
Multi-facet Performance Measurement System for Textile Industries: A Comprehensive Study from Bangladesh
The nature of performance measurement systems of the organizations become changed in the last two... more The nature of performance measurement systems of the organizations become changed in the last two decades. In recent days, it becomes obvious that most of the businesses are looking for financial as well as non-financial measurement matrixes. In this study, we have tried to investigate the importance of multi-facet performance measurement system for the textile industries of Bangladesh. Moreover, we have found that it becomes a burning issue for the textile companies to adopt multi-facet performance measurement systems. In this research paper, we have tried to use a modified balanced scorecard which was initially developed by Kaplan and Norton during 1992. We proposed a five dimensional scorecard for the textile sector of Bangladesh which will help the textile sectors to provide a framework to initiate the multi-facet performance measurement system. In our framework, we have tried to identify most important factors under each aspects of the proposed multi-facet performance measureme...
Factors Affecting the Sustainability Reporting, Evidence from Bangladesh
International Journal of Mechanical and Production Engineering Research and Development
Background: Sustainable corporate reporting becomes a burning issue in the world but literature i... more Background: Sustainable corporate reporting becomes a burning issue in the world but literature in the context of a developing country is still in the take-off stage. Purpose: The study is conducted to add value in sustainability literature by exploring the factors influencing sustainable corporate reporting in developing country context. Methodology: A sample of 40 listed companies of DSE has been considered to examine the effect of board characteristics and organizational characteristics on sustainability reporting. An un-weighted index based on GRI has been developed. Results: It has been found that the age of the company, earning per share and foreign members on board have a significant positive impact on sustainability reporting while for the other variables we do not found any significant association. Conclusion: The outcome of the study will help the corporate peoples to dungeon their concentration on factors stimulating to perform sustainable activities and encourage them to disclose more sustainable information.
Voluntary Reporting, Sustainable Reporting and Transition Economy
International Business and Accounting Research Journal
This concept paper aims at exploring the interrelationship among the corporate voluntary reportin... more This concept paper aims at exploring the interrelationship among the corporate voluntary reporting, the corporate sustainable reporting and the transition economy from the literatures and frameworks. At this juncture, transition economy refers the economy especially, the transformation of least developing economy to the developing economy as per the criteria of United Nations. Thus, the context of Bangladesh has been used as a ground for the study. The study explores the affiliation among corporate voluntary reporting, corporate sustainable reporting and transition economy from their respective literature and frameworks. From the literature of the corporate voluntary reporting, various dimensions of corporate disclosures have been considered, while the dimensions of sustainability reporting have been considered as per the consolidated set of global reporting index, published by Global Sustainability Standards Boards. In addition, components of transition economy have been considered...
Factors Affecting the Sustainability Reporting: Evidence from Bangladesh
International Journal of Mechanical and Production Engineering Research and Development (IJMPERD), 2020
Background: Sustainable corporate reporting becomes a burning issue in the world but literature i... more Background: Sustainable corporate reporting becomes a burning issue in the world but literature in the context of a developing country is still in the take-off stage. Purpose: The study is conducted to add value in sustainability literature by exploring the factors influencing sustainable corporate reporting in developing country context. Methodology: A sample of 40 listed companies of DSE has been considered to examine the effect of board characteristics and organizational characteristics on sustainability reporting. An un-weighted index based on GRI has been developed. Results: It has been found that the age of the company, earning per share and foreign members on board have a significant positive impact on sustainability reporting while for the other variables we do not found any significant association. Conclusion: The outcome of the study will help the corporate peoples to dungeon their concentration on factors stimulating to perform sustainable activities and encourage them to...
Journal of Accounting and Management Information Systems
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Papers by Mofijul Hoq Masum