scholarly journals Consumer acceptance of Islamic home financing

2014 ◽  
Vol 7 (3) ◽  
pp. 307-332 ◽  
Author(s):  
Hanudin Amin ◽  
Abdul Rahim Abdul Rahman ◽  
Dzuljastri Abdul Razak
Keyword(s):  
Demographic Factors ◽  
Probit Model ◽  
Subjective Norm ◽  
Consumer Acceptance ◽  
Ordered Probit ◽  
Ordered Probit Model ◽  
Content Type ◽  
Academic Qualification ◽  
East Malaysia ◽  
Tpb Model

Purpose – This study aims to examine the factors influencing the consumer acceptance on Islamic home financing products amongst clients of Islamic banks. For the purpose, the study extends the theory of planned behaviour (TPB) in explaining the Islamic home financing adoption along. Further, the study also intends to analyze the effects of “Islamicity of product” and seven demographic factors on the consumer acceptance of Islamic home financing products. Design/methodology/approach – Using the TPB model as a baseline theory, data are collected from bank customers in East Malaysia involving two cities, namely, Kota Kinabalu and Labuan, using self-administered questionnaires. A total of 300 questionnaires are distributed; however, only 278 are found usable. We use ordered probit model to analyze the effects of attitude, subjective norm, perceived behavioural control, Islamicity of product and demographic factors. Findings – Using the ordered probit model, this study finds that attitude, subjective norm, perceived control and Islamicity of product are instrumental in determining the consumer acceptance of Islamic home financing products. Concerned with demographic items, the study finds that marital status, ethnic, occupation and religion are influential. It is also discovered, however, that gender, academic qualification and monthly income have little effects on the consumer acceptance. Research limitations/implications – Three limitations are available for future studies. First, the current work does not include the experienced users who patronize Islamic home financing products. Second, the contribution of the present study is confined to the analyzed explanatory variables. Third, this study also has geographical constraint in which it is conducted in East Malaysia whilst samples from West-Malaysia are overlooked. These limitations, however, provide directions for further future research. Practical implications – Essentially, this study is a pioneering effort in applying the TPB model to the new context of Islamic home financing products in Malaysia. The study integrates the effects of Islamicity of product and demographic factors on the consumer acceptance on Islamic home financing products. The TPB model is proven valid and is reliable in predicting the consumer acceptance on Islamic home financing products. Originality/value – This study introduces Islamicity of product and demographic factors in explaining the consumer acceptance on Islamic home financing products. Most fundamentally, this study proposes a modified theoretical framework that is of paramount importance to predict the demand of Islamic home financing products in the future.

Do the heterogeneous determinants of life satisfaction affect differently across borrowers of diverse credit sources? A propensity score approach

2018 ◽  
Vol 45 (8) ◽  
pp. 1142-1158 ◽  
Author(s):  
Tiken Das ◽  
Manesh Choubey
Keyword(s):  
Life Satisfaction ◽  
Propensity Score ◽  
Probit Model ◽  
Ordered Probit ◽  
Primary Data ◽  
Ordered Probit Model ◽  
Future Research ◽  
Content Type ◽  
Credit Access ◽  
Physical Assets

Purpose The purpose of this paper is to evaluate the non-monetary effect of credit access by providing an econometric framework which controls the problem of selection bias. Design/methodology/approach The study is conducted in Assam, India and uses a quasi-experiment design to gather primary data. The ordered probit model is used to evaluate the non-monetary impact of credit access. The paper uses a propensity score approach to check the robustness of the ordered probit model. Findings The study confirms the positive association of credit access to life satisfaction of borrowers. It is found that, in general, rural borrower’s life satisfaction is influenced by the ability and capacity to work, the value of physical assets of the borrowers as well as some other lenders’ and borrowers’ specific factors. But, the direction of causality of the factors influencing borrowers’ life satisfaction is remarkably different across credit sources. Research limitations/implications The study argues to provide productive investment opportunities to semiformal and informal borrowers while improving their life satisfaction score. Although the results are adjusted for selection and survivorship biases, it is impossible with the available data to assess which non-income factors explain the findings, and therefore this limitation is left to future research. Originality/value The study contributes to the literature of rural credit by assessing the probable differences among formal, semiformal and informal credit sources with respect to non-monetary impacts.

Scale heterogeneity in hotel guests’ satisfaction relative to room rates

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
David Boto-Garcia ◽  
Marta Escalonilla ◽  
Emma Zapico ◽  
Jose F. Baños
Keyword(s):  
Design Methodology ◽  
Negative Relationship ◽  
Probit Model ◽  
Ordered Probit ◽  
Ordered Probit Model ◽  
Value For Money ◽  
Content Type ◽  
Emotional Component ◽  
Post Purchase ◽  
Spanish Region

Purpose This paper aims to examine hotel guests’ satisfaction relative to room rates paying attention to the heterogeneity in the scale of satisfaction scores. Design/methodology/approach This paper studies guests’ post-purchase hotel evaluation using survey data from a sample of 14,879 tourists visiting a Northern Spanish region. This study estimates a Heteroskedastic Ordered Probit model in which both “cognitive” and “emotional” components of satisfaction are modelled. The model allows us to control for heterogeneity in the scale of the latent satisfaction scores. Findings This paper finds that satisfaction relative to rates (value for money) decreases with expenditure per person and day. Interestingly, this negative relationship mainly holds for those who do not prioritize prices at the time of choosing the hotel. Positive first impressions are positively associated with higher satisfaction. In addition, this study finds that the emotional component of satisfaction increases with hotel quality and hiring a full board, being also greater among women and elderly people. Originality/value Instead of using an overall measure of satisfaction, this paper uses one that gathers how the tourist assesses satisfaction in relation to cost (value for money).

A model for predicting small firm performance

2014 ◽  
Vol 21 (1) ◽  
pp. 4-25 ◽  
Author(s):  
Claudia E. Halabí ◽  
Robert N. Lussier
Keyword(s):  
Public Policy ◽  
Small Business ◽  
Formal Education ◽  
Probit Model ◽  
Ordered Probit ◽  
Ordered Probit Model ◽  
Working Capital ◽  
Content Type ◽  
Professional Advice ◽  
Probability Of Success

Purpose – This study aims to develop an ordered probit model to explain and predict small business relative performance in Chile, South America. Design/methodology/approach – The design is survey research. The sample includes 403 small businesses classified as 158 failed firms, 101 mediocre firms and 144 successful firms within all economic sectors. The model variables are: internet, starting with adequate working capital, managing good financial and accounting records, planning, owner formal education, professional advice, having partners, parents owning a business, and marketing efforts. Findings – The eight-variable model, tested with ordered probit, is a significant predictor of the level of performance at the 0.000 level. Also, six of the eight variables are significant predictors at the 0.05 level: internet, starting with adequate working capital, managing good financial and accounting records, owner, professional advice, having partners, parents owning a business, and marketing efforts. Two of the variables – i.e. planning and formal education – were not significant. ANOVA test of differences were run for each of the eight variables based on the level of performance were also run and results reported. Practical implications – The model does in fact predict relative performance, so the model can be used to improve the probability of success. Thus, an entrepreneur can use the model to gain a better understanding of which resources are needed to increase the probability of success, and those who advise entrepreneurs can help them use the model. Investors and creditors can use the model to better assess a firm's potential for success. There is an extensive public policy implications discussion regarding how to use the model to assist entrepreneurial ventures so that society can benefit in direct and indirect ways via the allocation of limited resources toward higher potential businesses. Entrepreneurs and small business educators can use the model's variables to influence future business leaders, public policy makers, and their practices. Originality/value – This study improves the Lussier 15 variable success versus failure prediction model by adding the use of the internet and taking out highly correlated variables. While Lussier and others ran logistic regression with only two levels of performance, this study uses the more robust ordered probit model with three levels of performance. It presents public policy with implications for Chilean institutions to promote entrepreneurship. Finally, it contributes to the literature because, to date, no empirical success versus failure studies have been found that were conducted in Chile or any small, open economies in Latin America

Stock price discreteness and clustering: decimals and ordered probit model

2014 ◽  
Vol 22 (1) ◽  
pp. 49-60
Author(s):  
Haksoon Kim
Keyword(s):  
Firm Size ◽  
Stock Price ◽  
Design Methodology ◽  
Small Firms ◽  
Probit Model ◽  
Ordered Probit ◽  
Ordered Probit Model ◽  
Large Firms ◽  
Content Type ◽  
Explanatory Variables

Purpose – The purpose of this paper is to revisit the ordered probit model of Hausman et al. after the NYSE decimalization. Design/methodology/approach – The changed ordered probit model. Findings – The model can somewhat capture the different impact of trading-related “explanatory” variables on price changes among three different decimals but does not explain much about price discreteness and irregular transaction intervals among the existing models of stock price discreteness. Overall 1/16th and 1/24th range of the dependent variable is better explained by trading-related explanatory variables than 1/8th range of the dependent variable for small firms and there is not much difference in large firms among three decimals. The results imply that finer specification in decimalization and smaller firm size matters in trading after the decimalization project. Originality/value – First paper to revisit the ordered probit model of Hausman et al. after the NYSE decimalization.

Islamic mortgage adoption: examining the moderating effects of Islamic altruism

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Khadijah M. Sayuti ◽  
Hanudin Amin
Keyword(s):  
Analytical Framework ◽  
Subjective Norm ◽  
Behavioural Control ◽  
Future Research ◽  
Price Fairness ◽  
Content Type ◽  
Perceived Behavioural Control ◽  
East Malaysia ◽  
Bank Managers ◽  
Tpb Model

Purpose Using the theory of planned behaviour (TPB) as an analytical framework, this paper aims to investigate the direct effects of attitude, subjective norm, perceived behavioural control, price fairness and Islamic altruism. It also explores how these path linkages can be moderated by Islamic altruism. Design/methodology/approach Data are gathered via survey questionnaires on 287 Muslim bank customers in major cities of East Malaysia. The data are then tested using partial least squares. Findings The results show that attitude, subjective norm, perceived behavioural control, price fairness and Islamic altruism are significantly influenced by Muslim bank customers’ intention to choose Islamic home financing products. Islamic altruism is also found to significantly moderate the relationship between price fairness and behavioural intention. Research limitations/implications Three limitations are available for future research that include the geographical restriction, respondents’ selection and a limited number of battery items used. Practical implications Essentially, the results of this study serve as a guide for Islamic bank managers or mortgage providers to improve their pertinent marketing strategies, which are vital to enhancing the acceptance rate of Islamic mortgage. Originality/value This study extends the TPB model by incorporating price fairness and Islamic altruism into the Islamic home financing context.

scholarly journals The Organization of Political Violence by Insurgencies

2012 ◽  
Vol 18 (3) ◽  
Author(s):  
Roos Haer
Keyword(s):  
Political Violence ◽  
Probit Model ◽  
Ordered Probit ◽  
Process Theory ◽  
Ordered Probit Model ◽  
Armed Groups ◽  
Human Right ◽  
Armed Group ◽  
The World ◽  
The Relationship

AbstractA range of theories have attempted to explain the variation in civilian abuse of warring parties. Most of these theories have been focused on the strategic environment in which these acts take place. Less attention is devoted to the perpetrators of these human right abuses themselves: the armed groups. This study tries to fill this niche by using the organizational process theory in which it is assumed that armed groups, like every organization, struggles for survival. The leader tries to ensure the maintenance of her armed group by increasing her control over her troops. The relationship between the level of control and the perpetrated civilian abuse is examined with a new dataset on the internal structure of more than 70 different armed groups around the world. With the help of a Bayesian Ordered Probit model, this new dataset on civilian abuse is analyzed. The results show that especially particular incentives play an important role.

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