Qualitative Research in financial Markets最新文献

{"title":"Tunisian corporate bond market liquidity: a qualitative approach","authors":"Olfa Berrich, Halim Dabbou","doi":"10.1108/qrfm-04-2021-0057","DOIUrl":"https://doi.org/10.1108/qrfm-04-2021-0057","url":null,"abstract":"\u0000Purpose\u0000This study aims to explore the failures of Tunisian secondary corporate bond market liquidity to understand the determinants of corporate bond market liquidity at large.\u0000\u0000\u0000Design/methodology/approach\u0000We adopted a qualitative approach to studying the Tunisian Stock Exchange. Dealers’ perceptions were collected through semi-structured face-to-face interviews; the data was recorded, transcribed and thematically analysed.\u0000\u0000\u0000Findings\u0000Secondary corporate bond market failures are due, in part, to microstructural choices – especially the use of an over-the-counter market as a trading venue. The absence of a corporate bond yield curve, a narrow investor base, market participants’ lack of financial education and authorities’ attitudes are equally responsible.\u0000\u0000\u0000Research limitations/implications\u0000This study is useful to researchers, policymakers and practitioners, as it identifies microstructural and other factors affecting the Tunisian secondary corporate bond market. We interviewed only Tunisian dealers while ignoring other categories of market participants. Furthermore, a focus group discussion could have improved our understanding of the determinants of the Tunisian secondary corporate bond market.\u0000\u0000\u0000Originality/value\u0000This paper aimed to qualitatively discuss several issues related to the Tunisian secondary corporate bond market. To date, little academic research has addressed this topic in the illiquid and non-transparent corporate bond markets.\u0000","PeriodicalId":45060,"journal":{"name":"Qualitative Research in financial Markets","volume":" ","pages":""},"PeriodicalIF":1.9,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41868406","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Initial public offering: a critical review of literature","authors":"Amith Vikram Megaravalli","doi":"10.1108/qrfm-11-2021-0190","DOIUrl":"https://doi.org/10.1108/qrfm-11-2021-0190","url":null,"abstract":"\u0000Purpose\u0000The main purpose of the paper is to critically review the studies in the area of management and entrepreneurship. Secondly, the study aims to identify various performance measures used by researchers to evaluate short and long-term IPO performance.\u0000\u0000\u0000Design/methodology/approach\u0000The author used systematic database survey procedures recommended in previous studies for the review (Short, 2009; Uberbacher, 2014). The review of the study includes articles published in top management and entrepreneurship journal published after 2009 (January 2010 to December 2020). The source of the collection of articles is the Web of Science and Scopus databases. The search included keywords: initial public offering(s) and IPO(s). The study considers the top journals in the area of management, which includes Administrative Science Quarterly, Journal of Management, Journal of Management Studies, Organization Science and Strategic Management Journal. In entrepreneurship, the author included: Entrepreneurship Theory and Practice, Journal of Business Venturing and Journal of Small Business Management. After careful consideration of each article, the search returned 104 articles, of which (92 articles) were empirical studies.\u0000\u0000\u0000Findings\u0000The outcome of the study will recommend research gaps and questions for future studies. The review will also recommend prominent performance measures to evaluate IPO performance.\u0000\u0000\u0000Originality/value\u0000The study contributes to the literature of management and entrepreneurship in two folds. First, the study critically reviewed the three themes (“Corporate governance”, “Upper echelons” and “Social influence”). Second, the author also reviewed various IPO performance measures used the management and entrepreneurship scholars from IPO context. Finally, the study identifies the research gap/research question in the three themes as well as five new themes, which can be a valuable addition for future studies. The author hopes that this study will further help future scholars to enhance the understanding of IPO in the area of management and entrepreneurship.\u0000","PeriodicalId":45060,"journal":{"name":"Qualitative Research in financial Markets","volume":" ","pages":""},"PeriodicalIF":1.9,"publicationDate":"2023-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47247561","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Using a hermeneutic phenomenological approach to Twitter content: a social network’s analysis of green accounting as a dimension of sustainability","authors":"Shaizy Khan, Seema Gupta","doi":"10.1108/qrfm-02-2022-0031","DOIUrl":"https://doi.org/10.1108/qrfm-02-2022-0031","url":null,"abstract":"\u0000Purpose\u0000Owing to the worldwide outbreak of the SARS-CoV-2, social media conversations have increased. Given the increasing pressure from regulatory authorities and society, green accounting – as a dimension of sustainable development – remains the most discussed topic on most social media platforms. This study aims to incorporate a technological approach to green accounting and sustainability to enhance the innovation process inside and outside organizations.\u0000\u0000\u0000Design/methodology/approach\u0000This study uses the hermeneutic phenomenological technique to investigate Twitter content. Tweets were subjected to a manual coding process to analyze their content, including recent advancements, challenges, cross-country initiatives and promotion strategies in green accounting. Public perception of green accounting and the COP26 climate summit was also studied.\u0000\u0000\u0000Findings\u0000Tweeters view green accounting favorably; however, they are apprehensive about its implementation. Regarding the challenges in green accounting, “corporate green washing” was the most tweeted content. The UK was the top-rated nation with respect to green accounting development. Furthermore, the most discussed breakthrough was the application of artificial intelligence in the domain of green accounting functions. However, Twitter users were observed to have directed heavy criticism at the COP26 climate summit in Glasgow.\u0000\u0000\u0000Originality/value\u0000This study’s primary innovation is its integration of emerging technologies such as machine learning and data mining with social media platforms such as Twitter. Incorporating manual coding of tweets is a rigorous procedure that amplifies the strength of machine learning software’s auto-coding feature.\u0000","PeriodicalId":45060,"journal":{"name":"Qualitative Research in financial Markets","volume":" ","pages":""},"PeriodicalIF":1.9,"publicationDate":"2023-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47825240","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"An interactive qualitative analysis of academics’ views of a competency-based undergraduate qualification in risk management","authors":"J. Marx, Cecilia Jacoba de Swardt","doi":"10.1108/qrfm-03-2022-0039","DOIUrl":"https://doi.org/10.1108/qrfm-03-2022-0039","url":null,"abstract":"\u0000Purpose\u0000The purpose of this research was first to determine the competencies mandatory of risk managers, and second, to consider the implications of such competencies in determining modules appropriate for inclusion in any prospective undergraduate qualification with specialisation in risk management.\u0000\u0000\u0000Design/methodology/approach\u0000A qualitative research approach was followed, involving academics teaching risk management in a focus group and making use of interactive qualitative analysis (IQA).\u0000\u0000\u0000Findings\u0000The competencies identified were business management skills, financial knowledge, an understanding of the risk management process, governance and compliance, people management and technical skills. These will be explained in greater detail in the paper.\u0000\u0000\u0000Research limitations/implications\u0000The implications for teaching are that an undergraduate curriculum in risk management will have to combine majors such as business management, financial management, risk management, industrial psychology and communication. These majors need to be complemented by modules in governance and compliance management, as well as information and communication technology.\u0000\u0000\u0000Practical implications\u0000The implication for practice is that risk management professionals and members of the Institute of Risk Management of South Africa need to avail themselves to serve on an advisory board of academic departments offering risk management qualifications. Risk management is a developing science and requires inputs about research and the curriculation of qualifications.\u0000\u0000\u0000Social implications\u0000The implication for public policy is that the South African Qualifications Authority and the Council for Higher Education should reconsider their requirements for designators (specialised qualifications). The implications for research are that IQA provides clarity on the knowledge and skills required to develop a competency-based qualification in risk management. Further research should benchmark qualifications and propose a curriculum for a bachelor’s degree in risk management.\u0000\u0000\u0000Originality/value\u0000The use of IQA is a novel way of ensuring rigour and objectivity in arriving at a description of the required knowledge, skills, values and attributes of risk managers. This paper will assist in the compilation of a new curriculum for an undergraduate qualification in risk management; thus, ensuring such qualification will provide a competency-based qualification that will meet the needs of the profession.\u0000","PeriodicalId":45060,"journal":{"name":"Qualitative Research in financial Markets","volume":" ","pages":""},"PeriodicalIF":1.9,"publicationDate":"2023-01-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43452762","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Banking service quality literature: a bibliometric review and future research agenda","authors":"Ritesh Patel, Aaliyah Siddiqui","doi":"10.1108/qrfm-01-2022-0008","DOIUrl":"https://doi.org/10.1108/qrfm-01-2022-0008","url":null,"abstract":"\u0000Purpose\u0000The purpose of this paper is to perform a meta-bibliometric analysis of the banking service quality and to provide various research streams. Another goal is to provide future research questions to explore these areas in more detail.\u0000\u0000\u0000Design/methodology/approach\u0000The authors used three major academic databases (Scopus, ProQuest and EBSCO) from 1980–2021 and found 226 papers, where they performed the meta-bibliometric analysis by performing co-citation analysis, co-authorship analysis, cartographic analysis and content analysis.\u0000\u0000\u0000Findings\u0000The SERVQUAL model is the most used conceptual framework and model to study banking service quality. Structural equation modeling (SEM), followed by partial least squares SEM, is a majorly used method. There are three research streams in the literature: retail banking service quality, internet banking service quality and mobile banking service quality. Retail banking is the most studied stream, whereas mobile banking is the least studied stream. The study on banking service quality was initially conducted in developed markets, and later in emerging markets. All three streams have scope for further exploration, and hence, 44 future research questions have also been proposed.\u0000\u0000\u0000Research limitations/implications\u0000This study has implications for bank managers, academicians and future researchers.\u0000\u0000\u0000Originality/value\u0000This study is unique in that it examines the meta-bibliometric dimensions of banking service quality and provides directions for future research for academicians and researchers.\u0000","PeriodicalId":45060,"journal":{"name":"Qualitative Research in financial Markets","volume":" ","pages":""},"PeriodicalIF":1.9,"publicationDate":"2023-01-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42736019","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Exploring the development of Islamic fintech ecosystem in Indonesia: a text analytics","authors":"Fahmi Ali Hudaefi, M. K. Hassan, M. Abduh","doi":"10.1108/qrfm-04-2022-0058","DOIUrl":"https://doi.org/10.1108/qrfm-04-2022-0058","url":null,"abstract":"\u0000Purpose\u0000This study aims at two objectives, i.e. first, to identify the core elements of the Islamic fintech ecosystem, and second, to use the identified core elements to analyse the development of such an ecosystem in Indonesia.\u0000\u0000\u0000Design/methodology/approach\u0000This work combines data analytics of text mining with qualitative analysis of human intelligence in two steps. First, knowledge discovery of the Islamic fintech ecosystem’s core elements using a sample of eight academic articles totalling 102 pages and 75,082 words. Second, using the identified core elements from step one to explore such ecosystem development in Indonesia. This stage employs a sample of 11 documents totalling 371 pages and 143,032 words from cyberspace.\u0000\u0000\u0000Findings\u0000The core elements of the Islamic fintech ecosystem identified are financial customers, fintech startups, government, technology developers, traditional financial institutions and fatwa (Islamic legal opinion). Furthermore, the development of the Islamic fintech ecosystem in Indonesia is examined under these identified core elements, providing critical insights into the Islamic fintech ecosystem currently established in the country's industry.\u0000\u0000\u0000Research limitations/implications\u0000This study primarily used semi-structured data from cyberspace. Traditional approaches to qualitative data collection, e.g. focused group discussions and interviews, may be beneficial for future studies in addressing the Islamic fintech ecosystem issues.\u0000\u0000\u0000Practical implications\u0000Academia worldwide may benefit from this work in incorporating knowledge of Islamic fintech ecosystem’s core elements into Islamic finance literature. Specifically, fintech stakeholders in Indonesia may be advantaged to understand how far the Islamic fintech ecosystem has grown in the country.\u0000\u0000\u0000Social implications\u0000The rise of unethical fintech peer-to-peer lending shows social problems in Indonesia’s fintech industry. The finding derives social implications that elucidate the current state of the country’s Islamic fintech ecosystem.\u0000\u0000\u0000Originality/value\u0000Using a kind of big data (i.e. semi-structured text data) from cyberspace and applying steps of text mining combined with qualitative analysis, may contribute to the creation of novelties for qualitative research on financial issues.\u0000","PeriodicalId":45060,"journal":{"name":"Qualitative Research in financial Markets","volume":" ","pages":""},"PeriodicalIF":1.9,"publicationDate":"2023-01-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48271198","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Lived experiences of successful women entrepreneurs (SMEs) in Iran: a feminist phenomenological study","authors":"Fatemeh Sadrnabavi, Hanieh Daneshvar","doi":"10.1108/qrfm-12-2021-0198","DOIUrl":"https://doi.org/10.1108/qrfm-12-2021-0198","url":null,"abstract":"\u0000Purpose\u0000This study aims to investigate the entrepreneurial actions of successful Iranian women entrepreneurs. It is an attempt to find the roots, motivations, challenges and strategies of successful actions of these women, despite the unequal and masculine structure of the society.\u0000\u0000\u0000Design/methodology/approach\u0000This research was conducted through the theoretical framework of poststructuralist feminism and the qualitative method. By purposive sampling, the researchers selected 10 women entrepreneurs living in Khorasan Razavi province for in-depth interviews. These women have created many jobs based on local potential and become recognized as top entrepreneurs. The narratives of these women were analyzed phenomenologically.\u0000\u0000\u0000Findings\u0000The actions of these women are fertilized under the influence of family background and early socialization and in the combination of internal motivations and external stimuli. These women resist social barriers such as widespread patriarchy, gender division of labor in society and complex bureaucratic processes through the “strategic cycle” resulting from the interaction of “reliance on intertwined social networks,” “social entrepreneurship,” “gradual formation of social capital” and “reliance on local potentials.”\u0000\u0000\u0000Social implications\u0000The strategies to overcome gender inequalities at the micro (family) and macro (society) levels introduced in this research can inspire women entrepreneurs who seek success in their businesses.\u0000\u0000\u0000Originality/value\u0000To the best of the authors’ knowledge, this is the first qualitative research that, by studying the actions of successful Iranian women entrepreneurs, describes how they overcome structural inequalities and their success strategies.\u0000","PeriodicalId":45060,"journal":{"name":"Qualitative Research in financial Markets","volume":" ","pages":""},"PeriodicalIF":1.9,"publicationDate":"2022-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46676286","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The challenges foreign banks face in developing markets: an exploratory study","authors":"Najla Alomar, Milind Sathey, P. Graham","doi":"10.1108/qrfm-12-2021-0207","DOIUrl":"https://doi.org/10.1108/qrfm-12-2021-0207","url":null,"abstract":"\u0000Purpose\u0000This study aims to explore the challenges faced by foreign banks in the Kingdom of Saudi Arabia (KSA). It is important to explore the challenges as extant literature provides limited guidelines about this issue.\u0000\u0000\u0000Design/methodology/approach\u0000A mixed-method approach was used by canvassing 71 questionnaires and 36 semi-structured interviews. The sample included senior managers of foreign bank branches working in the Saudi market by the end of 2019. The quantitative data were analyzed using the distribution fitting algorithmic approach, and it is supported by the qualitative data analyzed using the thematic analysis method.\u0000\u0000\u0000Findings\u0000Results indicate that foreign banks encounter various challenges including government policies and regulations, the Saudi legal system, high “Saudization” ratio of the workforce, technological advances, high competition and overall economic change (oil price change). It seems that these challenges represent the KSA’s specific business environment.\u0000\u0000\u0000Originality/value\u0000This study will advance the extant literature on foreign bank entry with evidence from a unique context. This study could also help regulators, policymakers and bankers to better understand foreign banks’ entry into emerging and developing markets.\u0000","PeriodicalId":45060,"journal":{"name":"Qualitative Research in financial Markets","volume":" ","pages":""},"PeriodicalIF":1.9,"publicationDate":"2022-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44500195","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Tax amnesty schemes, anti-money laundering regulations and customer due diligence by financial institutes: an evaluation of the implementation issues in Pakistan","authors":"Nasir Sultan, Norazida Mohamed, D. Hussain","doi":"10.1108/qrfm-02-2022-0022","DOIUrl":"https://doi.org/10.1108/qrfm-02-2022-0022","url":null,"abstract":"\u0000Purpose\u0000Tax amnesty (TA) schemes are typical in developing countries. Governments’ claims and suppositions are continually heightened; however, this may differ in actuality. This study aims to present an overview of the effectiveness of TA schemes and the problems they raise in implementing anti-money laundering regulations.\u0000\u0000\u0000Design/methodology/approach\u0000This study used a qualitative research design. Content analysis was used to analyse research articles, reports, legal documents and news articles.\u0000\u0000\u0000Findings\u0000Every amnesty offered in Pakistan from 1956 to 2018 failed to meet government expectations. Instead, the continuity resulted in an irrepressible black economy. The black economy’s uncontrollability undermines tax collection and hinders a robust anti-money laundering regime. Significantly, tax holidays with discrepant legislation strengthen evaders, plunderers and launderers. These policies severely impede the implementation of anti-money laundering policies in the financial institutions of Pakistan. Additionally, Pakistan's geopolitical location, circumstance and war against terror cannot afford any policy that provides monetary relaxation to offenders.\u0000\u0000\u0000Practical implications\u0000There is no concrete evidence to support long-term economic progress through the implementation of amnesty schemes as a revenue collection policy. This study evaluates previous studies and findings to understand the effect of tax amnesties on the financial industry of Pakistan. The findings have practical implications for tax collection authorities, policymakers and international financial bodies.\u0000\u0000\u0000Originality/value\u0000Previous studies have discussed the advantages and disadvantages of Pakistan’s regular tax amnesties. However, this study discusses the implementation of TA schemes concerning anti-money laundering regulations and customer due diligence by financial institutes and provides suggestions to minimise its negative implications.\u0000","PeriodicalId":45060,"journal":{"name":"Qualitative Research in financial Markets","volume":" ","pages":""},"PeriodicalIF":1.9,"publicationDate":"2022-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41920001","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Financial inclusion: philosophical and methodological underpinnings","authors":"N. Sapre","doi":"10.1108/qrfm-10-2022-0179","DOIUrl":"https://doi.org/10.1108/qrfm-10-2022-0179","url":null,"abstract":"\u0000Purpose\u0000Financial inclusion is broadly described as the ability of individuals and businesses to access useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way. It is considered a key driver of economic growth and financial well-being. Given the significance and relevance of this topic, the purpose of this note is to critically evaluate the ontological and epistemological stance of existing research on financial inclusion. Furthermore, this note examines the influence on the research design.\u0000\u0000\u0000Design/methodology/approach\u0000Beginning with a brief description of the key concepts, this note presents a conceptual framework and substantiates the recommended philosophical paradigm through a detailed appraisal of its appropriateness, relative strengths and limitations.\u0000\u0000\u0000Findings\u0000Drawing from a range of philosophical worldviews, which can at times seem indistinguishable especially in finance and economics, this note proposes that objectivism with a realist approach is foundational to academic research on financial inclusion. Furthermore, this note makes recommendations with regards to research design.\u0000\u0000\u0000Originality/value\u0000This note not only presents a comprehensive assessment of the problematics and the underlying metatheoretical assumptions proposed by Cunliffe (2011) but is also, to the best of author’s knowledge, the first to highlight its relevance to the formal financial system in general and to financial inclusion in particular.\u0000","PeriodicalId":45060,"journal":{"name":"Qualitative Research in financial Markets","volume":" ","pages":""},"PeriodicalIF":1.9,"publicationDate":"2022-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47820315","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}