Purpose: The objective of this research is to examine the effect of corporate sustainability practices (CSP) on financial performance (FP) as well as the moderating effect of gender diversity (GENDIV) in the board on the relationship between CSP and FP of firms in Malaysia. Methods: The sample of the study is 312 firm-year observations from 2015 to 2017 of 104 firms listed in Bursa Malaysia. The theoretical framework of the study is underpinned by the Stakeholder theory and the Agency theory. To test the hypotheses, with the help of STATA software, the panel corrected standard errors (PCSE) estimator model and the hierarchical moderated multiple regression model have been used. Results: The findings of the study reveal that CSP significantly and positively affects the FP of firms. The empirical results also show that gender diversity in boards significantly moderates the relationship between CSP and FP of Firms in Malaysia. Implications: Based on the empirical findings, the study recommends that the policymakers and regulatory bodies should follow up the mandatory corporate sustainability practices of the firms as well as revise the codes of corporate governance regarding gender diversity of the boards to ensure their long-term sustainability as well as to reduce the risk of financial distress, or bankruptcies in the future.
This paper examines current account (CA) dynamics, its relationship with the degree of capital mobility and the state of integration of the Bangladesh capital market with the global capital market. For the period 1976-2012, findings of AR (1) process shows a rigid CA position along with its slow adjustment and its inflexibility against real shocks, lower degree of capital mobility and a slow progress of capital market integration with the rest of the world. Compared to the period of fixed exchange rate regime, lesser degree of rigidity has been observed during the flexible exchange rate period suggesting a smooth and flexible current account position; but shows an increased degree of rigidity and capital immobility for the overall time period under consideration. These findings reveal some important policy implications in respects of current and capital account liberalization, deregulation of domestic markets and removing entry barriers on the part of Bangladesh to boost up FDI and remittance inflows.
Purpose: Aim of this study is to examine the impact of organization and family support on an individual’s work-life balance (WLB in the context of higher educational institutes (HEIs) in Bangladesh. The theoretical basis of the study is grounded on the work/family border theory of Clark (2000). Methods: The study was conducted with a sample of 198 academicians of the (HEIs) in Bangladesh. A self-administered questionnaire was used for data collection. SPSS version 21 and SmartPLS 3.0 software were used for data analysis. A measurement model was analyzed for assessing the reliability and validity of the research instrument. The partial least squares structural equation model (PLS-SEM) was applied for testing the hypothesized model of the study. Results: The results reveal that organizational support (β = 0.404) and family support (β = 0.269) significantly (p<0.05) influence work-life balance with a variance (R2) of 32.1%. Implications: This study exposed the organizational roles in managing the conflicts of people’s personal life and professional life. Findings would inspire the authorities to formulate employee-friendly organizational strategies and design WLB programs in assisting employees to manage their overall life both in the work and family domains. Limitations: The research was limited to HEIs in Bangladesh which restricts the generalizability of its results.
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