Politics, society and financial sector reform in Bangladesh

Chowdhury, Anis

doi:10.1108/03068290210447003

Cited by 40 publications

(30 citation statements)

References 16 publications

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“…During the first democratic era (1972)(1973)(1974)(1975), Bangladesh followed a socialist economic model by nationalizing all its industries. The government established the ICAB, the Institute of Cost and Management Accountants of Bangladesh (ICMAB), the National Board of Revenue and the Bangladesh Bank (Chowdhury 2002). In the second democratic era (1991)(1992)(1993)(1994)(1995)(1996)(1997)(1998)(1999)(2000)(2001)(2002)(2003)(2004)(2005)(2006), the major regulatory reforms of the early 1990s were aimed particularly at moving toward an open economy.…”

Section: Implementation Of Ifrs In Bangladeshmentioning

confidence: 99%

Tensions between politico‐institutional factors and accounting regulation in a developing economy: insights from institutional theory

Nurunnabi

2015

Bus Ethics Eur Rev

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The study contributes to building an understanding of the impact of political forces on the information environment of listed firms in a developing economy. Specifically, it investigates the tensions between politico‐institutional factors and accounting regulation on the prolonged and incomplete implementation of the International Financial Reporting Standards (IFRS) in Bangladesh from 1998 to 2010. Two phases of interviews were conducted in 2010–2011 and IFRS‐related enforcement documents from 1998 to 2010 were evaluated. The study contributes that IFRSs are being diffused to developing countries like Bangladesh, but they invariably interact with local institutions (political institutions in this case), with variable outcomes (i.e. negative outcomes of IFRS implementation). Coercive, normative and mimetic isomorphisms are low in Bangladesh. Notably, political forces have been undermining mimetic isomorphism because of the high level of government intervention and the high level of political lobbying. Political institutional pressures stand in the way of mimetic isomorphism and constitute negative forces that add further tension to accounting regulation (e.g. the implementation of IFRS) in Bangladesh. Regarding the low level of normative isomorphism, there is evidence of a ‘blame culture’, with state institutions and professional accountancy institutions in the country blaming each other for the poor progress in IFRS implementation. Although the study focuses on Bangladesh, its results have implications for international policy makers (the International Accounting Standards Board, the International Monetary Fund and the World Bank), as well as the governments and regulators of other developing economies facing similar challenges in implementing IFRS.

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Section: Implementation Of Ifrs In Bangladeshmentioning

confidence: 99%

Tensions between politico‐institutional factors and accounting regulation in a developing economy: insights from institutional theory

Nurunnabi

2015

Bus Ethics Eur Rev

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“…However, despite these measures and a reasonable growth rate of the economy, the private sector has not been able to contribute substantially to poverty alleviation. Rather, its role has been handicapped by crises in its own governance as well as in the state structure (Choudhury, 2002;CPD, 2002;Quadir, 2000;Sobhan, 2002).…”

Section: Some Critical Observations On the Role Of The Private Sectormentioning

confidence: 97%

“…Lower echelons of the judiciary have been seriously corrupted (Hannan, 2004;Shelley, 2004;Sobhan, 2004). Violence-much of it perpetrated by and more of it condoned and even encouraged by the state itself-and corruption have become the rule, increasingly so in recent years (Blair, 2004;Choudhury, 2002;Islam, 2004Sobhan, 2004. In the countryside, gangsters have come to operate virtually parallel justice systems, murdering opponents in the name of vandalism, often under the protection of the police (Blair, 2004).…”

Section: Crisis In State Structure and Its Fall-out On Poverty Allevimentioning

confidence: 98%

The Emerging Perspective of Governance and Poverty Alleviation: A Case of Bangladesh

Sarker

Rahman

2006

Public Organiz Rev

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The majority of the rural people in the developing world are subject to severe poverty, inequality and unemployment. Over the years, a number of institutional approaches have been experimented to eradicate poverty from society. Despite the historical role accorded to the state, the states in many developing countries have not been quite effective in poverty alleviation. Following the global trends many developing country states have created space for the market forces and civil society organizations to contribute to poverty alleviation. This is what is popularly known as the new perspective of governance. This article intends to analyze the new perspective of governance and its role in poverty alleviation with empirical evidence from Bangladesh. Copyright Springer Science+Business Media, LLC 2007Governance, Poverty alleviation, Developing countries, Bangladesh,

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“…Chowdhury (2002) observed that the banking industry of Bangladesh is a mixed one comprising nationalized, private and foreign commercial banks. Many efforts have been made to explain the performance of these banks.…”

Section: Introductionmentioning

confidence: 99%

Financial Health Soundness Measurement of Private Commercial Banks in Bangladesh: An Observation of Selected Banks

Uddin¹,

Masud²

2016

Journal of Nepalese Business Studies

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The financial sector is one of the most significant sectors for any country, especially if a country is a developing in nature. In such an environment, banking sector plays the vital role to strengthen the economic conditions. Economic growth and international business is increasing in Bangladesh and private commercial banks especially private sectors play the major roles. Thus it becomes important to measure the financial soundness of the private banks in order to judge their respective position. The study was conducted to measure the financial soundness of selected private commercial banks of Bangladesh for the period 2006-2010. In this paper, an attempt was made to analyze the financial soundness of selected banks using different statistical tools and financial indicators. The study reveals that different financial indicators showed upward trends during the period 2006 to 2010. The study also made a rank of the selected commercial banks based on financial indicators. It was found that a bank with higher deposits, loans & advances, investments, branches, employees does not always mean that has better profitability performance. The study also recommends measures that could be adopted by banks to ensure soundness in their operation.

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Politics, society and financial sector reform in Bangladesh

Cited by 40 publications

References 16 publications

Tensions between politico‐institutional factors and accounting regulation in a developing economy: insights from institutional theory

Tensions between politico‐institutional factors and accounting regulation in a developing economy: insights from institutional theory

The Emerging Perspective of Governance and Poverty Alleviation: A Case of Bangladesh

Financial Health Soundness Measurement of Private Commercial Banks in Bangladesh: An Observation of Selected Banks

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