Capital flight and extent of corruption control in the least corrupt African countries

2019 ◽  
Vol 13 (3) ◽  
pp. 469-483 ◽  
Author(s):  
Thales Pacific Yapatake Kossele ◽  
Magalie Gabriella Ngaba Mbai-Akem
Keyword(s):  
Sustainable Development ◽  
Fixed Effects ◽  
Negative Impact ◽  
Economic Environment ◽  
Capital Flight ◽  
African Countries ◽  
Content Type ◽  
The Sustainable Development ◽  
The Government ◽  
Practical Implications

Purpose The purpose of this paper is to investigate the effect of corruption control on capital flight in the least corrupt African countries. Design/methodology/approach Using panel data covering the period of 1996-2010. Findings The results show that the extent of corruption, the total natural resources rent are statistically significant and affect positively the capital across the pooled, random and fixed effects. Inflation and economic growth are also found to have a negative impact on capital flight. Moreover, the exchange rate has a negative and significant effect on capital flight. Practical implications The findings of this study suggest that the extent of corruption control by responsible institutions can be considered as one of the most effective weapons in the fight against capital flight in the least corrupt African countries. Social implications The paper recommends to the government of the least corrupt countries in Africa to create an enabling political and economic environment for investor’s attractiveness. This, in turn, will reduce the occurrence of capital flight and lead to the sustainable development. Originality/value The findings of this study suggest that the extent of corruption control by responsible institutions can be considered as one of the most effective weapons in the fight against capital flight in the least corrupt African countries. The paper recommends to the government of the least corrupt countries in Africa to create an enabling political and economic environment for investor’s attractiveness. This, in turn, will reduce the occurrence of capital flight and lead to the sustainable development.

Sustainable financing and anti-squandering measures in Rastin banking

2017 ◽  
Vol 59 (6) ◽  
pp. 939-949
Author(s):  
Bijan Bidabad ◽  
Mahshid Sherafati
Keyword(s):  
Sustainable Development ◽  
Design Methodology ◽  
Financial Resources ◽  
Social Implications ◽  
Content Type ◽  
The Sustainable Development ◽  
Investment Projects ◽  
The People ◽  
Practical Implications ◽  
Sustainable Financing

Purpose This paper aims to define a set of anti-squandering guideposts to improve the sustainability and efficiency of allocating financial resources to investment projects. Design/methodology/approach A set of sustainable financing and anti-squandering measures are proposed for a better allocation of the bank’s financial resources. These measures were derived from the doctrine of “ethic economics”, humanitarian principles and Islamic teachings. Rastin banking provides a base to apply these measures. Findings A draft of the regulations for sustainable financing and anti-squandering measures was compiled for Rastin banking operations, which is briefly presented in this paper and can be used as a basis for the codification of the respective laws. Research limitations/implications Such kinds of regulations are novel and need to be deeply discussed in the first place. After adaptation, adjustment and performing the necessary modifications, the text of the law can be codified. Practical implications Banks through granting loans, credits and other financial facilities can affect the investment projects in such a way to prevent the extravagant consumption of financial resources in investment projects and consider the sustainable development guidelines. Social implications The proposed guideposts can be detailed and adopted in other countries, especially those that are inefficient in their banking and financial operations. Originality/value Wasteful allocation of financial resources leads to the wastage of resources and reduction of productivity and provides benefit neither for the people nor for the society. Hence, the present paper tries to practically solve the problem for financial operations.

scholarly journals Study on Sustainable Development Strategy of Indigenous Tribal Tourism

2021 ◽  
Vol 257 ◽  
pp. 03045
Author(s):  
Hsiao-Ming Chang ◽  
Ching-Hui Lin ◽  
Ying-Wan Chuang
Keyword(s):  
Sustainable Development ◽  
Development Strategy ◽  
Negative Impact ◽  
Positive Impact ◽  
Cultural Tourism ◽  
Research Literature ◽  
The Sustainable Development ◽  
The People ◽  
Aboriginal Culture ◽  
The Government

In recent years, the tribal tourism activities with the theme of aboriginal culture and ecology have been loved by the people of Taiwan, so the issue of sustainable development has been attached great importance. This paper analyzes the empirical research literature on the development of aboriginal cultural tourism and eco-tourism by means of literature review, and summarizes the framework of sustainable development of tribal tourism. After analysis, this study are finds that: 1. The government plays an important role in the process of sustainable development of tribes. 2. The positive impact of tourism development on the economy, society and environment is higher than the negative impact. Based on the above findings, this study puts forward specific suggestions for the sustainable development of tribal tourism in the future.

The pyrrhic victory of FinTech and its implications for achieving the Sustainable Development Goals: evidence from fieldwork in rural Zambia

2020 ◽  
Vol 17 (4) ◽  
pp. 329-340
Author(s):  
Sydney Chikalipah
Keyword(s):  
Sustainable Development ◽  
Sustainable Development Goals ◽  
Content Type ◽  
The Sustainable Development ◽  
Mobile Money ◽  
Access To Credit ◽  
Financial Exclusion ◽  
Development Goals ◽  
Rural Zambia ◽  
Practical Implications

PurposeThis study investigates the possible effect of mobile money services, which forms part of FinTech, in achieving the Sustainable Development Goals (SDGs).Design/methodology/approachThis study uses field data from the Chongwe district of Zambia. The data were collected in 2019.FindingsThe findings strongly suggest that (1) the factors that hinder access to credit and savings by the poor do not simply recede following the adoption of mobile money services and (2) that mobile money is not a silver bullet of ending financial exclusion but merely a tool which contributes to other financial inclusion strategies.Practical implicationsThis study argues that mobile money is winning the battle but losing the war – implying that the service is mainly used to transfer funds (OTC transactions) among users.Originality/valueThis is the first study to have been conducted in Zambia to assess the possible contributing effect of FinTech (mobile money) on SDGs.

Tax risks control and sustainable development: evidence from China

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Wanyi Chen
Keyword(s):  
Sustainable Development ◽  
Influencing Factors ◽  
Institutional Environment ◽  
Stock Exchanges ◽  
Data Set ◽  
Content Type ◽  
The Sustainable Development ◽  
Factors Affecting ◽  
The Government ◽  
New Perspective

Purpose Tax risks are common in China but often ignored by enterprises. Determining how to measure tax risks and effectively identify and control influencing factors is the key to the sustainable development of enterprises. This study aims to explore the key factors affecting corporate tax risks and analyze influencing factors from external and internal perspectives. Design/methodology/approach After selecting a data set comprising 11,503 firm-year observations of Chinese firms in the Shanghai and Shenzhen Stock Exchanges from 2008–2017, this study applied a panel regression model to identify the factors’ impact. Findings The results indicate that the more standardized the institutional environment and stronger the tax supervision, the lower the tax risks. Taking into account the internal factors of a firm, private companies with political connections have lower tax risks than those without. Originality/value This study enriches the literature on the factors affecting tax risks. The conclusion provides significant insights for enterprises to effectively control tax risks and maintain sustainability. The research findings also provide a new perspective for the government to guard against corporate risks and maintain the stable development of the economy.

On sustainable development of organization

2016 ◽  
Vol 22 (5) ◽  
pp. 993-1008 ◽  
Author(s):  
Jan M. Myszewski
Keyword(s):  
Sustainable Development ◽  
Organizational Development ◽  
Development Strategy ◽  
Continuous Improvement ◽  
Content Type ◽  
The Sustainable Development ◽  
Organizational Functions ◽  
Paper Form ◽  
Resource Capacity ◽  
Practical Implications

Purpose – The subjects considered in this research paper form the basic prerequisites for improving the effectiveness of organizational development. The author assumes that the effectiveness of any process depends on the size of the reserve of capacity of the resources used in the process (for details, see Appendix). The purpose of this paper is to determine the conditions for the effectiveness of improvement projects. Design/methodology/approach – The author has constructed an algorithm (called ABC) to control the capacity of resources. With its help, the author defines the strategy for improvement in an organization. The basic principle of this strategy is continuous improvement, and tactics to control resources refers to the ABC algorithm. Findings – The author shows that continuous improvement is a prerequisite for the effectiveness of this strategy. It is shown that the features of this strategy reflect sustainable development of the organization. Along with the algorithm ABC, it forms a basis for the sustainable development strategy. The author shows conditions for effectiveness and explains how the strategy shapes the sustainable development of the organization. The author also explains why commitment of top management is necessary, what it is, and how it can benefit the organization. Practical implications – This effort is symbolized by the involvement of resources in projects conducted to improve organizational functions. The result of the capacity growth is increased ability to confront new challenges. Originality/value – The author claims that the strategy for sustainable development is shaping the conditions for a gradual increase in the capacity of the resources used in the improvement process. The growth in resource capacity in the repeatedly run improvement projects can serve as a model of organizational learning. The learning process requires effort.

System of digital publishing policies and regulations in China

2014 ◽  
Vol 32 (3) ◽  
pp. 397-408
Author(s):  
XianRong Huang ◽  
Ting Hao
Keyword(s):  
Sustainable Development ◽  
Publishing Industry ◽  
Digital Publishing ◽  
Chinese Government ◽  
Content Type ◽  
The Sustainable Development ◽  
Social Community ◽  
Animated Cartoon ◽  
The Government ◽  
Technology Policies

Purpose – The purpose of this paper is to find the problems in the establishment of Chinese digital publishing policies and regulations system. Design/methodology/approach – The research is through analysis the digital publishing policies and regulations in China referring to digital publishing macro policies, e-book policies, digital music policies, network animated cartoon policies, network game policies, as well as through examining the legal system (law, administrative regulation, departmental rules, judicial interpretation) in China. Findings – The paper concludes that the framework of this system should contain three layers, and Chinese digital publishing policies and regulations system will continue to be improved and digital publishing market will be standardized operation. The digital publishing industry policies, digital publishing resource policies, digital technology policies, copyright policies and personnel training policies need for further investigation and research. Research limitations/implications – Because of the coverage of digital publishing industry is so wide, the policies and regulations which the paper analyzed were not so comprehensive. Practical implications – It can help the Chinese government make more comprehensive and rational policies and regulations for digital publishing industry and ensure the sustainable development of digital publishing industry. Social implications – The sound of digital publishing policies and regulations system could create a regular and healthful environment for social community participating spiritual creating and sharing. Originality/value – The paper proposes that the government should first make clear the basic objectives of the digital publishing policies and regulations system in China and then determine the content of the system. It has a positive significance to promote the establishment the system of policies and regulations in China and can ensure the sustainable development of digital publishing industry.

Modeling sustainable development: India ' s strategy for the future

2012 ◽  
Vol 9 (2) ◽  
pp. 120-135 ◽  
Author(s):  
Rajul Singh ◽  
Roma Mitra Debnath
Keyword(s):  
Sustainable Development ◽  
Structural Equation ◽  
Structural Model ◽  
Empirical Studies ◽  
Equation Modeling ◽  
Content Type ◽  
The Sustainable Development ◽  
Strategic Goals ◽  
The Government ◽  
Interpretive Structural Model

Purpose – The purpose of this paper is to understand the relation among the various enablers of Clean Development Mechanism (CDM) to know their degree of dependence and driving power. As there has been non-agreement among the various stakeholders regarding the benefits of sustainability brought about by CDM, this paper explores the viability of sustainable development in the Indian scenario. Design/methodology/approach – This paper discusses a model to address the issues of sustainable development in the context of CDM. An interpretive structural model (ISM) has been used to model the various parameters of sustainable development in the Indian context. The relevant parameters have been considered as per the existing literature review. Findings – The result shows that sustainable development is achievable if the nation emphasizes on strategic goals and mission because sustainable development is driven by the strategic parameters such as “employment creation” and “long-term economic goals”. Research limitations/implications – The ISM model developed is not statistically validated, therefore structural equation modeling (SEM), also commonly known as the linear structural relationship approach, may be used to test the validity of such a hypothetical model. Practical implications – The government of India has to emphasize on education and inclusive employment to improve the quality of life, which would enable the sustainable development to be achieved. Originality/value – This paper describes one of the few empirical studies conducted in India.

An exploratory study of visitors’ motivations at a heritage destination

2019 ◽  
Vol 2 (2) ◽  
pp. 186-202 ◽  
Author(s):  
Xiaolin Shi ◽  
Jonathon Day ◽  
Susan Gordon ◽  
Liping Cai ◽  
Howard Adler
Keyword(s):  
Sustainable Development ◽  
Exploratory Study ◽  
Design Methodology ◽  
The South ◽  
Content Type ◽  
The Sustainable Development ◽  
Cultural Elements ◽  
Beijing China ◽  
Self Administered Questionnaire ◽  
Practical Implications

Purpose The purpose of this paper is to examine visitors’ motivations for going to the South Luogu Alley, a famous hutong with an over 700-year history in Beijing, China. Design/methodology/approach The study applied a self-administered questionnaire to collect data from visitors on the main street of the South Luogu Alley. Findings It was found that most visitors of the hutong are casual tourists pursuing relaxation, including tension release and spending time with friends and family; seeking authenticity is not visitors’ most important motivation. Research limitations/implications This study used only one hutong to assess visitors’ motivations in hutong tourism, so the results may not be applicable to all hutongs. Practical implications The research on the demographics and different motivations of the South Luogu Alley visitors can be useful to managers of tourism-related organizations. Social implications This study shows that tourists with different motivations for visiting a hutong have varying requirements for authenticity. The reconstruction of some historical hutongs is not always perceived as negative, and the influence of Western cultural elements can be seen as positive if they contribute to the sustainable development of the local culture. Originality/value The term “hutonger,” which includes casual visitors, entertainment seekers, authenticity seekers and pure escapees, based on these respective motivations, is introduced to describe the specific groups of hutong visitors and contribute to the hutong tourism literature.

scholarly journals Translating Sustainable Development Goals (SDGs) into Chichewa: A Quick Efficacy Assessment

2020 ◽  
Vol 3 (5) ◽  
pp. 130-138
Author(s):  
Evans Lwara ◽  
Deborah Ndalama
Keyword(s):  
Sustainable Development ◽  
Sustainable Development Goals ◽  
Communication Strategies ◽  
Implementation Process ◽  
African Countries ◽  
The Sustainable Development ◽  
African Languages ◽  
Efficacy Assessment ◽  
Development Goals ◽  
The Government

This paper purposed to analyse the efficacy of the Chichewa version of the Sustainable Development Goals (SDGs) that the government of Malawi, through the Department of Information, recently produced. Language barrier remains one of the main reasons for the SDGs’ unpopularity among the majority of Africans. This leaves most Africans unengaged in the goals’ implementation process. Mindful of this, many African countries have embarked on projects to translate the SDGs into indigenous African languages. In Malawi, the SDGs were translated into the local languages in 2018. This study sought to conduct a quick review of the entire project to ascertain its effectiveness against the background that previous translations of various policy and other public documents are replete with substantial communicative flaws. How then was the project to translate the SDGs into Chichewa uniquely designed to ensure positive outcomes? What strategies did the translators use to ensure effective localisation of the SDG document given its international nature? To answer these and other key questions, the researchers collected data through Key Informant interviews and document analysis. The data was analysed within the framework of Farrahi Avval’s taxonomy of communication strategies. The study found that both linguistic and non-linguistic communication strategies were used in the translation. Both of these strategies were marred by serious shortcomings that have the potential to prevent effective communication from taking place. The study, thus, concludes that the information in the Chichewa version of the United Nations’ SDGs remains largely inaccessible to the illiterate and semiliterate Malawians.

Corporate governance and financial performance of banks in Ghana: the moderating role of ownership structure

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Christopher Boachie
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Ownership Structure ◽  
Positive Impact ◽  
Chief Executive ◽  
Foreign Ownership ◽  
African Countries ◽  
Content Type ◽  
The Government ◽  
Practical Implications

PurposeThe purpose of this paper is to investigate the moderating effect of ownership on the links between corporate governance and financial performance in the context of Ghanaian banks.Design/methodology/approachThe current study used a sample of 23 banks and the multiple regression method to analyze a panel dataset of 414 from banks over an 18-year period.FindingsThe findings revealed that audit independence, chief executive officer (CEO) duality, non-executive directors and banks size have a positive impact on performance. The findings also revealed that foreign ownership has an interacting effect between corporate governance and profitability.Practical implicationsThe practical implications of the current study demonstrated that good corporate governance creates value and must be invigorated for the interest of all stakeholders. Foreign ownership has an interacting effect between corporate governance and performance. Policymakers should formulate policies for attracting foreign investors.Originality/valueInterestingly, this study is the first of its kind that exclusively chose ownership structure to interact between corporate governance and bank performance in Ghanaian perspective. Such new insights on this relationship provide useful information to the government, academics, policymakers and other stakeholders. The growing economies of African countries, and the inadequate governance–performance literature in African context, have created a demand to appreciate the governance parameters in these countries and its influence on firm's performance.

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