Volume 10, Issue-1, December 2021

Permanent URI for this collectionhttp://dspace.iiuc.ac.bd/handle/123456789/8267

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Time-Cost Trade-Off problem in project management: A proposed constructive algorithm
(International Islamic University Chittagong, 2021-12) Chowdhury, Mohammad Shyfur Rahman
Time and cost are two remarkable elements prescriptive of success in project management. The anticipated project length may go over the desired period in many projects. Therefore, it becomes vital to shorten the critical path in order to finish the project by the goal date. Time-cost trade-off (TCT) in project network, the reduction in time with a minimum cost of project activities, has increased efficiency of the project. To shorten a project duration activity crashing, which includes allocating additional resources to an activity with the objective of diminishing its duration, is the most commonly employed compression technique. The objective of an optimum solution of time-cost trade-off is to provide maximum profit opportunity with a minimum time. There are many algorithms (heuristic, meta-heuristic and exact) established in this regard. In this paper a constructive algorithm is proposed and implemented with a fairy application example to acquire optimum solution or close-optimum solution of TCT problems.
Nexus between exports, imports and foreign direct investment: Evidence from Bangladesh
(International Islamic University Chittagong, 2021-12) Daror, Hudayfe Osman; Ahmed, Zobayer; Muhumed, Muhumed Mohamed
Foreign Direct Investment (FDI) plays a significant role in international trade (IT). Numerous recent studies focused on the FDI-IT nexus and found a strong interrelation between the two variables. The current research empirically examines the causal linkage among imports, exports, and FDI in Bangladesh, utilizing available time-series data from 1980-2015. The study finds that the long-run equilibrium association exists among Exports, Imports and FDI. The study also finds unidirectional causality running from imports and exports to FDI, meaning the rise and fall of exports and imports cause an increase or decrease in FDI of Bangladesh, respectively, and there is no other long-run causality found among other variables. In the short run, unilateral causality is running from imports to FDI, imports to export and exports to FDI. These empirical findings mean that expanding trade can be used to attract more FDI in Bangladesh. Therefore, the study findings strongly support the notion that international trade (exports and imports) stem from the attraction of FDI.
Security of E-Banking transactions in Bangladesh: Does it need more importance from COVID-19 perspective?
(International Islamic University Chittagong, 2021-12) Islam, Md. Shahidul; Ahmmed, Monir; Chowdhury, Md. Shahnur Azad
Electronic banking service has grown in Bangladesh since 2001. Now, it has become most suitable and convenient fund transfer method in COVID-19 pandemic situation. The security risk issue is the most vital in the e-banking fund transfer. A survey was conducted where the risk factors were measured on five-point Likert scale by 200 bankers and customers in the pandemic period through phone and E-mail. After necessary modification and correction of collected data, descriptive statistics, Cronbach’s Alpha, Kolmogorov-Smirnov test, Shapiro-Wilk test, Mann Whitney U test and Kruskal-Wallis H test were conducted in IBM SPSS Statistics 20 and MS Excel 2010to test the hypothesis of the risk factor. Result shows the highest banking transaction risk factor is Account Information Security and lowest banking transaction risk factor is Double Check identity from the perspective of customers. The result also shows that less than 2 years experiences of e-banking are significantly more satisfied than the risk factor of 2 years to 6 years and more than 6 years e-banking experiences
Challenges of IFIs in practicing IFM and their solutions: Evidence from Islamic banks and insurance companies
(International Islamic University Chittagong, 2021-12) Islam, Serajul
This research aimed to explore the challenges and solutions in practicing Islamic Financial Management (IFM) in Islamic Financial Institutions (IFIs) in Bangladesh. To achieve the objectives, this study adopted the qualitative approach and purposive sampling method including twenty-five semi-structured interviews with managers of Islamic banks and Islamic insurances. The rich qualitative data from the interviews were thematically analysed to identify the challenges and solutions in practicing IFM in the IFIs in Bangladesh. The major challenges and solutions that emerged were mainly categorised into three main types: social, organisational, and individual challenges and solutions. However, some of these challenges have been consistent with the previous studies while some have been newly identified from the participants' opinions. Similarly, some of the solutions in practicing IFM in the IFIs have been similar to the previous studies, while some of the findings have emerged as new additions to the current literature and practice. The results of the study have significant implications for both literature and practice.
Role of financial inclusion on bank stability in Bangladesh
(International Islamic University Chittagong, 2021-12) Chowdhury, Mohim Uddin,; Md Noman, Abu Hanifa
This study investigates the role of financial inclusion on bank stability in Bangladesh. Financial inclusion indicates equality and availability of financial products to individuals and businesses, which is captured with natural logarithm of number of ATM per 100 thousand of people (lnATM), log of number of bank branch (lnBB), ratio of Private Credit to Gross Domestic Product (PCGDP), ratio of financial system deposit to GDP (FSDGDP). Conversely, bank stability is proxied by natural logarithm of Z-score (lnZ-score), and ratio of non-performing loan to gross loan (NPL ratio). In the investigation process, we have used an unbalanced panel dataset consisting of all commercial banks from Bangladesh over the 2002-2014 period. Controlling a number of bank-level and macro-economic variables, the random effect model demonstrates that financial inclusion is positively related with bank solvency and negatively related credit risk taking. The results suggest that financial inclusion is supportive for promoting bank stability in Bangladesh. Therefore, the paper proposes to bolster financial innovation in order to increase financial in Bangladesh.
A statistical analysis of the relationship between working capital management and profitability: Evidence from selected manufacturing companies of Bangladesh
(International Islamic University Chittagong, 2021-12) Hossain, Mohammad Emdad
The aim of this study is to measure the relationship between working capital management and profitability. The research is based on secondary data derived from annual reports of companies listed on Bangladeshi stock exchanges. The sample spans nine years, from 2011 to 2019, and includes 52 manufacturing enterprises in Bangladesh, including 20 pharmaceutical companies and 32 textile companies. The cash conversion cycle is significantly positively associated with profitability, the average collection period is significantly negatively associated with profitability, and the inventory conversion period is also significantly negatively associated with profitability, but the average payable period is not significantly associated with profitability. This research adds to the literature by focusing on working capital management and profitability, particularly in the textile and pharmaceutical industries. There have been a few research on this topic, however they are limited in sample size and time period. This research looks at all active businesses in these two industries. As a result, policymakers in these disciplines may utilize these findings to make decisions.
Determinants of dividend policy of Islamic banks in Bangladesh
(International Islamic University Chittagong, 2021-12) Mazumder, Manjurul Alam
Islamic Banks are playing an important role in the economic expansion of Bangladesh. There are ten Islamic Banks working in Bangladesh economy. The present study is to explore the factors of dividend policy of Islamic Banks in Bangladesh. The research is based on only secondary data and sample of seven Islamic banks out of ten Islamic banks. The relevant data have been gathered from annual report of sample companies from 2010-2020. Descriptive statistics and multiple regressions are used to examine the data. This study revealed that firm size as well as liquidity have substantial positive influence and financial leverage has significant adverse effect. The study appears to convey an immense academic value since a limited research have been commenced in this ground. It may be supportive to the possessors of Islamic Banks, Management, Educational researcher and the policy makers who have been creating endeavor to the progress of Islamic Banks as well as the economy of the country as a whole.