Developing and validating the components of Maqasid al-Shari’ah-based performance measurement model for Islamic banks

Purpose The purpose of this paper is to develop and subsequently validate a Maqasid al-Shari’ah-based performance evaluation model for Islamic banks. Design/methodology/approach Initially, a comprehensive review of the existing and relevant literature is carried out and a prototype evaluation model has been developed. This has been augmented and refined through in-depth interviews of Shari’ah scholars and banking experts. Afterwards, the modified model has been validated by taking inputs from academics and Islamic banking practitioners through a focus group discussion. Findings The major outcome of the present work is a Maqasid al-Shari’ah-based performance evaluation model for Islamic banks. At the inception of the work, the Maqasid frameworks of Imam al-Ghazali and Abu Zahrah were combined. The combined model incorporates various dimensions, elements and the corresponding measures of three components, namely, justice, education and maslahah. Research limitations/implications Not being able to test the model statistically or empirically can be considered as a limitation. Practical implications The comprehensive theoretical framework of the developed model addresses all aspects of human well-being. Thus, if implemented the model will ensure welfare for all the stakeholders. It will also encourage the regulators to introduce new reporting standards which will be more reflective of Maqasid al-Shari’ah. Social implications Fulfilling Maqasid will create a positive brand image for Islamic banks, which will attract more customers both Muslims and non-Muslims. Thus, this will create a wider scope for earning more revenues. Originality/value There has been concern that Islamic banks are converging towards conventional banking systems and the same performance measure instrument is being used to evaluate the performance of both Islamic and conventional banks. The present work has developed a Maqasid al-Shari’ah-based performance evaluation model for Islamic banks.

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Modeling and performance evaluation of PPP projects utilizing IFC extension and enhanced matter-element method

Engineering Construction & Architectural Management ◽

10.1108/ecam-08-2019-0429 ◽

2020 ◽

Vol 27 (8) ◽

pp. 1763-1794

Author(s):

Zhao Xu ◽

Xiang Wang ◽

Ya Xiao ◽

Jingfeng Yuan

Keyword(s):

Performance Evaluation ◽

Evaluation Model ◽

Indicator System ◽

Project Performance ◽

Information Modeling ◽

Content Type ◽

Evaluation Indicator ◽

Performance Evaluation Model ◽

Element Method

PurposeThere is often a lack of accurate performance evaluation in Public–Private Partnership (PPP) projects. It is a challenging issue to effectively use Building Information Modeling (BIM) for PPP project performance evaluation. The objective of this study is to develop a PPP project performance evaluation model based on Industry Foundation Classes (IFC) and an enhanced matter-element method to more precisely evaluate PPP project performance.Design/methodology/approachThe performance evaluation of PPP projects in the construction and operation period was explored. The PPP project performance evaluation indicator system was first established based on a literature review and PPP project practice. Then, the evaluation indicator information was expressed through IFC mapping and extension. After that, an IFC-based PPP project performance evaluation model was developed, and a case study was provided to validate the use of the proposed performance evaluation model.FindingsThe results of the case study show that the proposed approach can accurately and efficiently evaluate PPP projects, and it could favorably contribute to performance evaluation in PPP projects.Research limitations/implicationsThis study only concerns the performance evaluation of one type of PPP project. Further research is required to study different types of PPP projects; the model needs to be more efficient and intelligent.Originality/valueThe performance evaluation of PPP projects utilizing IFC extension and the enhanced matter-element method provides guidance for the government and private parties to accurately and efficiently evaluate PPP project performance.

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A new supplier performance evaluation model

Kybernetes ◽

10.1108/03684921011021264 ◽

2010 ◽

Vol 39 (1) ◽

pp. 37-54 ◽

Cited By ~ 18

Author(s):

He‐Yau Kang ◽

Amy H.I. Lee

Keyword(s):

Performance Evaluation ◽

Integrated Circuit ◽

Evaluation Model ◽

Pairwise Comparison ◽

Evaluation Process ◽

Supplier Evaluation ◽

Content Type ◽

Supplier Performance ◽

Performance Evaluation Model ◽

Proposed Model

PurposeMost industries have become increasingly competitive nowadays, and a good supply chain relationship is essential for a company to survive and to acquire reasonable profit. Therefore, supplier selection is very important. The purpose of this paper is to propose a novel model for evaluating the performance of suppliers.Design/methodology/approachA supplier performance evaluation model based on analytic hierarchy process (AHP) and data envelopment analysis (DEA) is constructed. DEA is applied first to evaluate quantitative factors, and the results are transformed into pairwise comparison values for AHP analysis. Qualitative factors are also evaluated through AHP analysis, and a final ranking of suppliers can be obtained by combining the quantitative and qualitative results.FindingsThe proposed model can be applied to evaluate and select the most appropriate integrated circuit packaging company for outsourcing. With the incorporation of experts' opinions and the consideration of qualitative and quantitative factors, the model can provide a both subjective and objective supplier performance ranking.Practical implicationsThe proposed model can be tailored and applied to supplier evaluation and selection in other industries.Originality/valueAlthough many models are available for supplier evaluation, this paper considers both the subjective and objective performance characteristics simultaneously in the evaluation process.

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Determinants of economic value added (EVA) in Chinese listed banks

Asian Review of Accounting ◽

10.1108/ara-11-2018-0216 ◽

2019 ◽

Vol 27 (4) ◽

pp. 595-613

Author(s):

Jie Zhang ◽

Ahmed Aboud

Keyword(s):

Performance Evaluation ◽

Banking Industry ◽

Evaluation Model ◽

Value Added ◽

Measurement Tool ◽

Content Type ◽

Performance Evaluation Model ◽

Chinese Banking Industry ◽

The Impact ◽

Chinese Banking

Purpose The purpose of this paper is to examine the determinants of the EVA performance evaluation model for the Chinese banking industry. The authors investigate the impact of six bank-specific factors and corporate governance factors on financial performance. Design/methodology/approach The authors use the ordinary least square regression to examine the determinants of the EVA performance evaluation model for the Chinese banking industry. The findings are generally robust to alternative proxies of performance. Findings The empirical results indicate that credit risk, operational efficiency and the degree of innovation are positively related to banks’ EVA while capital management has a negative impact on it. In addition, although board size and independent directors are not related to the bank’s EVA, from the perspective of the traditional performance evaluation indicators, executive compensation has a positive impact on the bank’s profitability. Research limitations/implications This paper has some limitations. First, due to the large number of adjustments to accounting items are required in the application of EVA when evaluating business performance, some items of the EVA model in this paper have been simplified, which may cause the bank’s EVA value to deviate slightly from the actual situation. Moreover, the sample includes only listed banks, so our results cannot generalize to non-listed banks, such as some small- and medium-sized commercial banks. Originality/value This paper contributes to the limited body of literature concerning the use and the determinants of EVA in emerging markets. The authors construct an EVA model which is suitable for China’s banks and reports comprehensive evidence on the drivers of EVA as a measurement tool.

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A dynamic performance evaluation model suggestion for performance-based logistics

Kybernetes ◽

10.1108/k-12-2020-0867 ◽

2021 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Mustafa Agdas ◽

Cevriye Gencer

Keyword(s):

Performance Evaluation ◽

Evaluation Model ◽

Dynamic Performance ◽

Real Life ◽

Public Institution ◽

Fuzzy Data ◽

Index Method ◽

Suitable Alternative ◽

Content Type ◽

Performance Evaluation Model

PurposeThis study proposes a dynamic performance evaluation model to support the material availability of the public institution under performance- based logistics (PBL) and to select the most appropriate service provider.Design/methodology/approachThe model consists of four stages. In the first stage, a criteria set to evaluate alternatives is created. In the second stage, the DEA-MTFP index method is applied for performance evaluation of the alternatives by using crisp data. In the third stage, IFS theory is utilized for aggregating decision-maker judgments on alternatives, and in the last stage, the results of both methods are turned into single value, and it is selected as the most suitable alternative.FindingsIt is verified that the proposed approach can be implemented to the real-life dynamic multi-criteria decision-making (MCDM) problem that have crisp and fuzzy data under the PBL strategy.Practical implicationsThis paper offers an integrated approach for performance analysis of service providers in a dynamic MCDM problem in which crisp and fuzzy data are used together. To illustrate applicability and validity of the proposed model, it is applied to a real-life problem.Originality/valueThis paper utilizes the DEA-MTFP index method and IFS theory in an integrated way.

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Evaluation of sustainable construction sites: a lean, green and well-being integrated approach

Gestão & Produção ◽

10.1590/0104-530x4552-20 ◽

2020 ◽

Vol 27 (3) ◽

Author(s):

Iuri Aragão de Vasconcelos ◽

Luis Felipe Cândido ◽

Luiz Fernando Mählmann Heineck

Keyword(s):

Performance Evaluation ◽

Evaluation Model ◽

Green Building ◽

Integrated Approach ◽

Well Being ◽

Sustainable Construction ◽

Construction Sites ◽

Bottom Line ◽

Management Actions ◽

Performance Evaluation Model

Abstract: This paper proposes a performance evaluation model of sustainability for construction sites. This model was developed bringing together the Lean Construction, Green Building and the Well-being concepts addressed through the triple bottom line concept of sustainability. Following the Design Science approach, the model was applied in three construction sites at the city of Fortaleza, northeast of Brazil. Results are presented to validate the performance evaluation model proposed. It can be observed that the model can handle a range of variables both in terms of possible management actions and in terms of their sustainability outcomes. Different from others performance evaluation models, this artefact takes in consideration actions that are theoretically deemed to promote sustainability (according to particular construction phases) and managerial actions that are actually implemented. Finally, graphical displays help to guide how sustainability might improve over time, either evaluating individual sites against their previous records or benchmarking different building projects among different construction companies.

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