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- MakaleYalnız künye2024Nexus between good governance and financial sustainability: evidence from microfinance sector of India
Maeenuddin, M.; Hamid, Shaari Abdul; Nassir, Annuar Md; Fahlevi, Mochammad; Aljuaid, Mohammed; Jermsittiparsert, Kittisak
Purpose: Microfinance emerged as an essential catalyst for socio-economic development and financial inclusion to reduce poverty. Microfinance institutions cannot meet their primary objective of poverty reduction if they are not sustainable financially. With the theoretical support of profit incentive theory, this paper aims to investigate the impact of organizational structure (OS), growth outreach (average loan per borrower [ALPB] and number of active borrowers), women empowerment (percentage of women borrowers [PWB]), liquidity, leverage and cost efficiency (cost per borrower) on the financial sustainability of microfinance providers (MFPs) in India and explore the possible moderating effect of the national governance indicators (NGIs). Design/methodology/approach: A financial sustainability index has been developed by using principal components analysis, including both conventional measures (return of assets and return on equity) and efficiency measures (operational self-sufficiency and financial self-sufficiency). Due to the existence of endogeneity and heteroskedasticity, this study uses two-step system generalized method of moments estimates to examine the relationships for a period of 2006 to 2018. Findings: The finding reveals that there is a strong significant relationship between financial sustainability and its influential factors. Organizatioanl Structure, loan size, women borrowers, Gross Domestic Products and inflation enhance the financial sustainability of India’s microfinance sector. However, a number of borrowers, liquidity, leverage and operating costs negatively affect the financial sustainability of MFPs of India. The estimates demonstrate that NGIs significantly moderate the association between financial sustainability and its influential factors. The NGIs negatively affect the positive impact of Organizatioanl Structure on financial sustainability. National governance increases the positive effect of loan size (ALPB) and reduces the negative effect of a number of borrowers and leverage on the financial sustainability of MFPs of India. However, NGIs negatively affect the positive relationship between Percentage of Women Borrowers and Financial sustainability of Microfinance Providers of India. Originality/value: To the best of the authors’ knowledge, this study is the first of its kind that incorporates all of the six dimensions of the National Governance Indicators (NGIs) and uses as a moderator. Secondly, a financial sustainability index has been developed for measuring the financial sustainability of Microfinance Providers (MFPs).
- MakaleAçık Erişim2024Measuring the Financial Sustainability and its Influential Factors in Microfinance Sector of Pakistan
Maeenuddin; Hamid, Shaari Abd; Nassir, Annuar MD; Fahlevi, Mochammad; Aljuaid, Mohammed; Jermsittiparsert, Kittisak
Financial sustainability is one of the major issues in the development process, particularly in developing countries. Microfinance started with two basic objectives of poverty reduction and women empowerment. However, unsustainable microfinance providers cannot assist the poor for a longer period of time, due to uncertainty about their existence. This study investigates that how financial sustainability of Pakistan’s microfinance sector is affected by various factors. A new financial sustainability index has been developed to measure the financial sustainability. Generalized Method of Moments (GMM) approach is employed to analyze the panel data from 34 Pakistani MFPs, yielding 344 MFI-years of observations from 2006 to 2018. The findings reveal that increase in loan size, female borrowers, liquidity, and leverage significantly enhances the financial viability of Microfinance Providers in Pakistan. However, the total borrowers and the operating cost per borrower negatively affect the financial sustainability of MFPs in Pakistan. MFIs needs to be financially independent, with less or no support from government or donor agencies. Financially sustainable MFPs contributes in the achievement of the 8 out of 17 Sustainable Development of Goals (2030 SDGs) of the United Nation. The data for 2018 onwards is seriously affected by COVID-19, which cannot be included in the current data set. Hence, researchers in future analyze the data from the pre-COVID-19 and post-COVID-19 periods to compare the analysis and examine the pandemic’s impact.
- MakaleAçık Erişim2023Adoption of the Green Economy through Branchless Rural Credit Banks during the COVID-19 Pandemic in Indonesia
Marhaeni, A. A. I. N.; Jermsittiparsert, Kittisak; Sudarmo, Lucia Rita; Indrawati, Lucia Rita; Prasetyo, Andjar; Fuada, Noviati; Rachmadhani, Arnis; Raharjo, Tri Weda; Wahyudianto, Heri; Harwijayanti, Bekti Putri
A green economy has an impact on improving welfare, but it takes continuous efforts to achieve it from various fields. Contribution in the context of banking on a small scale is one of the initiatives that can show participation in achieving a green economy. This study aims to explore people's behavior in financial transactions and analyze the practice of rural credit banks in encouraging the achievement of a green economy through the National Financial Inclusive Strategy (NFIS) program despite the COVID-19 pandemic. This study used quantitative approaches; observations were conducted at a certain time by collecting data taken directly as a complement to this study, as well as taking questionnaire data involving 363 samples and analyzing them using the structural equation model (SEM). The result is that green economic support is found in using paper for fewer savings transactions compared to branchless banking with conventional savings transactions. The high number of residents exposed to COVID-19 does not affect branchless banking. In addition, the use of branchless banking can show the penetration of financial literacy in the community. The results of the path analysis explain that perceived ease of use (7.468) and perceived usefulness (2.152) have an influence on attitude; intention is greatly influenced by attitude (15.357); and actual usage is influenced by intention (11.682). This research has specific implications for the Magelang City Rural Bank (MCRB), which needs to conduct market research to find out the potential of branchless banking that is specifically needed by the people of Magelang. Branchless banking innovation needs to be strengthened by presenting easy-to-understand and easy-to-use applications to improve the attitude of the Magelang people in adopting branchless banking applications and using them sustainably.
- MakaleYalnız künye2023Does Political Governance Influence the Sports Performance of Asia?
Jermsittiparsert, KittisaK; Joemsittiprasert, Watcharin; Fahlevi, Mochammad; Wekke, Ismail Suardi; Harakan, Ahma; Yusuf, Muhamma; Aljuaid, Mohammed
National sports are highly valued throughout Asia, yet, political and administrative concerns impede the expansion of the sport system landscape. This study aims to investigate the effect of political governance structure on Asian sporting performance. To accomplish so, we analyzed the relationship between corruption control, government effectiveness, political stability, regulatory law, and national sports performance from 1998 to 2018 while controlling for the rule of law and accountability. The Generalized Linear Model and Partial Least Square estimators were utilized to examine the data. No significant association was observed between political and governance structure and national sports performance in the Asian countries under examination, according to the study's findings. The paper includes recommendations for further research and consequences for the government and policymakers.
- MakaleYalnız künye2023Investigating the Association Between Economic Conditions and Sports Performance in Asia: A Panel Data Approach
Jermsittiparsert, Kittisa; Joemsittiprasert, Watcharin; Fahlevi, Mochammad; Sözüdogru, Oytun; Emiroglu, Talip; Aljuaid, Mohammed
Knowing the factors that influence a nation's sporting performance can aid in formulating appropriate policies and plans. This study examines the relationship between gross domestic product, population, total debt, inflation, and trade as a proportion of GDP for eleven Asian nations from 1998 to 2018. Panel unit root tests, cointegration tests, and finally, Fully Modified Ordinary Least Square (FMLOS) were used to examine the relationships between the variables. The panel results revealed that GDP and TRD favorably and significantly impact national sports performance, whereas POP and TD have a negative impact. INF was discovered to have a negligible effect on national athletic performance. Hence, we suggest that Asian nations take appropriate measures to boost national sporting achievements.
- MakaleAçık Erişim2023Sustaining the Earth: Unraveling the Synergy of Workplace Spirituality, Responsible Leadership, and Pro-Environmental Behavior in Pakistan's SMEs
Shah, Syed Haider Ali; Fahlevi, Mochammad; Jamshed, Kamran; Aman, Nida; Rafiq, Nosheen; Jermsittiparsert, Kittisak; Aljuaid, Mohammed
Purpose: The purpose of this research is to investigate the synergistic impact of workplace spirituality (WPS), responsible leadership (RL), and pro-environmental behavior (PEB) within the context of Pakistan's Small and Medium Enterprises (SMEs) along with the mediating mechanism of Affective commitment (AC).Methods: Our study utilizes structural equation modeling (SEM) to analyze survey data collected from 390 employees within Pakistani SMEs. We develop a single unified framework to test the hypothesized relationships between RL, PEB, and AC as a mediator. Results: Our results unveil significant positive relationships between WPS, RL, and PEB. Our findings endorse both the direct connections between WPS, RL, and PEB, as well as the mediating mechanisms through AC. This study offers novel insights into the influence of PEB in the context of Pakistan's SMEs.Conclusion: The research significantly contributes to the existing literature by examining WPS, RL, PEB, and AC in the context of Pakistan's SMEs. The study's conclusions emphasize the potential benefits of integrating WPS and RL into business practices to encourage PEB. Additionally, we discuss the limitations of our research and suggest future avenues for further exploration in this vital area of sustainable business management.
- MakaleYalnız künye2022The Leadership, Trust, and Openness to Experience as Antecedents of Performance of Sports Manufacturing Firms of Thailand, Exploring the Mediating Role of Team Cohesion
Fahlevi, Mochammad; Jermsittiparsert, Kittisak; Wongsuwan, Navaporn; Aljuaid, Mohammed; Chankoson, Thitinan; Waiyawuththanapoom, Phutthiwat
The performance of the organizations needs to be measured. This study aimed to determine the relationship between openness, trust, leadership, team cohesion, and organizational performance. This study was cross-sectional, and survey questionnaires were used to collect data from participants. The questionnaire was distributed to employees of Thai organizations that manufacture sports goods. For this purpose, convenience sampling was used, and 75.78 percent of the responses were usable. For data analysis, PLS 3.3.2 was utilized. According to the study's findings, trust does not affect team cohesion. Additionally, team cohesion does not mediate between confidence and performance. However, the remaining relationships were deemed significant. The study's findings are beneficial for policymakers and academics.
- MakaleYalnız künye2022Player's Physical Fitness, Training Process, and Team Support Impact on Football Team Performance in Thailand: Mediating Role of Player Satisfaction
Fahlevi, Mochammad; Jermsittiparsert, Kittisak; Wongsuwan, Navaporn; Aljuaid, Mohammed; Sukpasjaroen, Khunanan; Chankoson, Thitinan
Globally, team performance has become a crucial factor for the success of any sport, attracting the interest of regulators, coaches, and new researchers. Therefore, the current study investigates the impact of critical factors such as physical fitness, training process, and team support on the performance of the Thai national football team. In addition, this article examines the mediating effect of player satisfaction on the relationships between physical fitness, training process, team support, and football team performance in Thailand. The researchers collected the data using primary data collection methods such as questionnaires. The respondents were selected using purposive sampling, and smart-PLS was used to assess the reliability and relationships between variables. The results demonstrated that physical fitness, training process, and team support positively affect the performance of the Thai national football team. In addition, the results indicated that player satisfaction significantly mediates the relationships between physical fitness, training process, team support, and football team performance in Thailand. This article assists regulators in developing regulations regarding team performance and serves as a guide for future researchers investigating this field.
- MakaleYalnız künye2022Moderating Effect of Ethical Climate between the Relationship of Coach Ethical Leadership and Affective Commitment: An Evidence from Thailand Nonprofessional Soccer Player
Fahlevi, Mochammad; Jermsittiparsert, Kittisak; Wongsuwan, Navaporn; Aljuaid, Mohammed; Chankoson, Thitinan
A multitude of ethical dilemmas perpetually besets non-professional soccer. It is believed that coaches can be beneficial in preventing unethical behavior. Therefore, this study examines the moderating effect of perceived ethical climate on the relationship between coach ethical leadership and the affective commitment of non-professional soccer players. A convenient sampling technique was utilized to collect data from 300 amateur Thai soccer players for this purpose. The Structural Equation Modeling (SEM) demonstrated that the direct effect of player-perceived coach ethical leadership and player-perceived ethical climate has a significant and positive relationship with affective commitment. The indirect impact of the critical findings indicates that players' perceptions of the ethical environment moderate the relationship between their perceptions of the ethical leadership of their coaches and their affective commitment. These findings suggest that ethical climate is integral because it significantly mediates exogenous and endogenous variables. Therefore, this moderating effect relationship is a significant contribution to the study. This study could assist athletes and clubs in understanding the significance of coaching ethical leadership and ethical climate in enhancing the affective commitment of non-professional athletes.