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The Contribution of Islamic Banking to Indonesia’s Economic Growth: The Evidence from the Vector Error Correction and Variance Decomposition Methods

Abstract

Purpose: The aim of this study is to empirically understand whether Islamic banks have a positive relationship to economic growth in Indonesia.

Methodology: This study examines the causal relationship amongst several selected variables: real GDP (RY), total deposit (TD), the change in the Consumer Price Index as an inflation proxy (INF), and the ratio of total imports and exports to nominal GDP (OE). In order to accomplish the research objectives of this study, a time series quarterly data spanning from the first quarter of 2003 to the last quarter of 2011 comprising of 36 data points has been used to perform an effective analysis.

Findings: The inference deduced here is twofold; First Islamic banks in Indonesia are still unable to contribute significantly to Indonesia’s economic growth. Second, the relationship between Islamic banks and economic growth in Indonesia is positively but weakly correlated.

Research Limitations: For this time series research, the researcher is limited by the small amount of data (2003.Q1 to 2011.Q4).

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Debate Over Rigor and Relevance in Scientific Study of Management

Abstract

Purpose: This article provides a general review of the debate over rigor and relevance in academia, specifically in the scientific field of management. It seeks to contribute to the body of literature while emphasizing instances where the gap between rigor and relevance has been bridged, along with the role of business schools.

Approach: This takes the approach of underscoring the most important works in the present literature regarding rigor and relevance, and then focusing on three points of emphasis: 1) role of business schools in the debate; 2) main points of contention; and 3) strongest examples of success in this field.

Findings: The most important findings in this work indicate that the debate surrounding relevance and rigor still persists and may also be reaching a breaking point where the two sides of the debate cannot reconcile. Various proposed solutions to the debate are available but meaningful action has yet to be taken.

Implications: The practical applications of this work are manifold. Scholars would have a clearer understanding of the environments in which their works are operating and practitioners would find academic works in management more accessible.

Value: This work provides a description of both the points of contention in the rigor vs. relevance debate and the points of successful unification of the two.

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Digital Divide in Poland: An Exploration of Some Sociological Impacts of Personal Computer Possession, Internet Use and PC Proficiency

Abstract

Purpose: The purpose of this research was to analyze correlates of access to, use of and skills with PC and Internet tools with social characteristics such as occupational category, income and other indicators of status.

Methodology: The research reported here presents trend analysis and multiple regression results based on nationally representative samples of Poles collected in 2003 and 2008. The data are from the Polish Panel Study (POLPAN) collected by the Institute of Philosophy and Sociology, Polish Academy of Sciences.

Findings: The results showed that there are lingering disparities in PC ownership and Internet use by occupational status (employed vs. unemployed) and occupational category. On the positive side, all groups are more likely to possess a PC or use the Internet in 2008 relative to 2003. The results further showed sharp disparities across occupational categories for PC skills. For example, while 100% of professionals claimed the ability to receive an email, only 51.5% of farmers attested to such skill. A regression analysis showed that only PC ownership had a weak positive effect on later income. Neither Internet use nor proficiency with PCs and the Internet were revealed to have positive impacts on income after five years. The results of this study challenged the notion of the digital divide. The analysis showed that, except in the case of access to a PC in the home, which had a small impact on income growth, PC/Internet use and skills in Poland in recent years do not have any statistically significant relationship with income. It was concluded that the finding where two of the three factors are not correlated with income growth is evidence of digital parity or a growing digital equality among citizens in modern Poland.

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Positive Psychological Capital Concept: A Critical Analysis in the Context of Participatory Management

Abstract

Purpose: The purpose of the study was a critical analysis of the concept of positive psychological capital (PsyCap) and an indication of its applicability in organizations that implemented participatory management.

Methodology: The study was based on the review and comparative analysis of literature. The theoretical foundations of the concept and its practical translation into organization reality, as well as the results of a meta-analysis of the impact of PsyCap on employee attitudes, behavior and performance, was presented. The limitations of this concept in the context of participatory management were also indicated.

Findings: Conducted debate supported the conclusion that the development of employee self-efficacy, hope, optimism and resilience can contribute to strengthening participatory attitudes among workers, and thus enhancing the efficiency of the entire organization. However under several conditions, employee positive psychological states were treated not as organizational resources but as an integral part of themselves. Employees felt responsible for their personal development and development of their own PsyCap was optional.

Originality: The study dealt with the relatively new issue of a psychological capital management in organizations that could provide an alternative to the classical human capital management. Its implementation in organizations with participatory management has not yet been discussed in the management literature.

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Evidence-Based Policy Making and the Implementation of Regulatory Impact Assessment in Croatia

Abstract

Purpose: This study is dealing with the application of evidence-based policy-making in Croatian public administration and the general role of applied policy analysis in the Croatian system of governance.

Methodology: This development is illustrated by the peculiarities of introducing regulatory impact assessment (RIA) tools in Croatian public administrative structures.

Findings: The author is pointing out various limitations in the usage of policy analysis tools in formulating, implementing and evaluating public policies in Croatia. The crucial role of RIA for enhancing executive capacity of governance structures is particularly stressed in the study. The final part of the article is devoted to the prospects of further development of RIA as an applied policy analysis tool within the Croatian system of governance

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Factors Influencing Effectiveness of Internal Communication

Abstract

Purpose: The purpose of the study was to answer the question: “What are the most common factors influencing effectiveness of internal communications faced by Polish organizations?” This article discusses the role of internal communications practices leading to enhancement of organizational performance. In particular, it concentrates on factors impeding the flow of information inside the organization. Later on, the article presents empirical findings.

Methodology: Contemporary public relations, internal communications and employee communications texts have been reviewed to identify how internal communications is defined in literature and how it influences organization success. Relevant existing research was reviewed and primary research was conducted. The latter consisted of 29 in-depth interviews with employees from various Polish organizations.

Results/findings: The article presents interesting results that can be especially useful for internal communications specialists and managers. It is recommended that to gain a fuller picture of the issues underlying the findings, quantitative research with relevant employees should be undertaken

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Impact of Owner-Occupied Property Valuation by Historical Cost on Fixed Assets Value at Bankruptcy Risk

Abstract

Purpose: The purpose of this article is to present the findings of the author’s own studies on the influence of owner-occupied property valuation by historical cost on fixed assets value of entities at risk of bankruptcy.

Methodology: As part of the implementation of the study, objective desk research was carried out. Empirical research was carried out on a group of 100 companies on which the courts had declared bankruptcy. The study sample constituted 14% of all bankruptcy cases in 2011 and was a significant representation of the national phenomenon.

Findings: The findings indicated that historical cost values of owner-occupied properties in most cases are significantly lower that estimated fair value when business activities continuation is threatened. The historical cost valuation also does not provide useful information about the market value of property, plant and equipment of entities at risk of bankruptcy that do not possess real estate.

Research limitations/implications: Information about market value of fixed assets of entities at risk of bankruptcy is essential in making the decision to begin bankruptcy proceedings and estimating the ability to repay debts to creditors.

Originality/value: The results are a part of the author’s own study concerning assets valuation when business activities continuation is threatened. The results emphasize the role of fair value estimation of property, plant and equipment when an entity is at risk of bankruptcy

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The Lithuanian Government’s Policy of Regulatory Impact Assessment

Abstract

Purpose: This paper critically evaluates the development of the impact assessment instrument in Lithuania’s public administration and suggests improvements to its impact assessment system.

Research question: What interesting conceptual imperatives have appeared in Lithuania’s investigation of the impact of regulatory policy?

Methodology: This research study uses positivist methodology to analyse the problems that researchers have identified in Lithuania’s impact assessment. This investigation explains why certain problems have appeared, what has changed and what system changes can be identified traced. The study proceeds as follows. First, the research on impact assessment carried out in Lithuania is analysed. Second, regulations on impact assessment in Lithuania are investigated. A substitute for non-existent integrated theory is emphased by the logical structure of the EU administrative system imperatives, principles, and norms, whose modifications have become the basis of impact assessment system design in Lithuania. The present research combines, integrates and consolidates the theoretical and practical information on impact assessment into an explanatory scheme, which could be developed into a model in the future. Information from two qualitative interviews conducted in 2009 and 2010 was also used.

Conclusions: The present research reveals that Lithuania’s regulatory impact assessment model is still being constructed and reconstructed towards evidence-based management. A model which revises the old impact stereotype has been designed, based on contemporary methodologies (cost- -benefit and cost-effectiveness analyses), consultations with the interested parties, a small but exhaustive legal initiatives impact assessment, and a centralised and institutional coordination of impact assessment.

Practical consequences: The present research presents the issues which could be useful for the states that are starting to implement a regulatory impact assessment model. This study described the pitfalls to avoid in order to implement a successful evidence-based management initiative.

Originality: In the present research, regulatory impact assessment is emphased as an assessment model and normative of the EU administration effectiveness and optimality, which can be used as a good-practice example for the modernisation of administrative activities in Central and Eastern Europe to the level their European counterparts

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Postcolonial Sub-Saharan State and Contemporary General Business Environment. Selected Issues

Abstract

Purpose: The paper presents the results of a qualitative analysis of selected aspects of general business environment. The author strives to answer the following question formulated in the context of postcolonial deliberations: has the general business environment been affected by European colonialism?

Methodology: Semantic and semiotic analysis of primary sources (statistical data and research findings formulated by international organisations, such as the World Bank, OECD, UNIDO) and secondary sources (scientific and research studies of Polish and foreign authors based on primary sources); literature review.

Findings: In the postcolonial perspective, qualitative analysis shows neither a positive nor a negative impact of colonialism on the contemporary general business environment. If certain signs of its deterioration are observed, they are mostly due to the erosion of state capacity, whose origins can be traced back to the Berlin Conference.

Originality: Papers on Postcolonial Management and Critical Management Studies (CMS) bridge the gap in literature pertaining to management issues, especially in Poland. Due to their interdisciplinary nature, Postcolonial Management and CMS cover a broad range of research areas (i.e. theory of state and nation, sociology, economic history). They pertain to both economics an management, and are therefore difficult to classify

Open access