International Journal of Law and Management最新文献

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Foreign direct investment and the protection of garment workers' rights in Bangladesh 外国直接投资与保护孟加拉国服装工人的权利
IF 1.5
International Journal of Law and Management Pub Date : 2024-09-17 DOI: 10.1108/ijlma-05-2024-0165
Mohammad Belayet Hossain, Muhammad Abdullah Fazi
{"title":"Foreign direct investment and the protection of garment workers' rights in Bangladesh","authors":"Mohammad Belayet Hossain, Muhammad Abdullah Fazi","doi":"10.1108/ijlma-05-2024-0165","DOIUrl":"https://doi.org/10.1108/ijlma-05-2024-0165","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>Critical examination of Bangladeshi laws related to workers’ rights in the garment industry. This paper aims to examine the impact of foreign direct investment (FDI) on the protection of garment workers’ rights in Bangladesh, analyzing how international investment practices influence labor standards and the overall well-being of workers in the garment industry.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>In this study, qualitative and analytical methods has been used to analyze legal frameworks related to labor rights in Bangladesh and BITs.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The findings indicate a need to strengthen the current legal framework to better protect workers' rights in Bangladesh. The study also provides recommendations for the relevant authorities to improve the existing laws.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>Novel idea critically evaluating the Bangladeshi legal framework in the context of foreign direct investment and implications for worker's rights.</p><!--/ Abstract__block -->","PeriodicalId":46125,"journal":{"name":"International Journal of Law and Management","volume":null,"pages":null},"PeriodicalIF":1.5,"publicationDate":"2024-09-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142250896","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}
引用次数: 0
From revelation to modern Islamic finance: Islamic commercial law in the UAE as a case study 从启示到现代伊斯兰金融:阿联酋伊斯兰商业法案例研究
IF 1.5
International Journal of Law and Management Pub Date : 2024-09-13 DOI: 10.1108/ijlma-06-2024-0206
Ahmed Mansoor Alkhan, M. Kabir Hassan
{"title":"From revelation to modern Islamic finance: Islamic commercial law in the UAE as a case study","authors":"Ahmed Mansoor Alkhan, M. Kabir Hassan","doi":"10.1108/ijlma-06-2024-0206","DOIUrl":"https://doi.org/10.1108/ijlma-06-2024-0206","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>The purpose of this paper is to analyse the Islamic finance segment within the Updated Commercial Transactions Law in the UAE and opine whether the new alterations will have a significant impact on the Islamic financial industry in the UAE.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>This research uses a qualitative methodology, and the UAE as a case study. A single/embedded case study design is adopted, to analyse several chapters within the Updated Commercial Transactions Law in the UAE (multiple units of analysis).</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The study revealed that the introduction and incorporation of fiqhi and Islamic financial principles within the Updated Commercial Transactions law in the UAE was done so in its rudimentary form, indicating that its purpose was to enhance the UAE’s position as a leading global Islamic financial hub – as opposed to the sole purpose of its usage during disputes between counterparties.</p><!--/ Abstract__block -->\u0000<h3>Research limitations/implications</h3>\u0000<p>This research is limited to the UAE as a case study and thus does not provide a comparative analysis with other GCC countries. A separate study would be required for a comparative analysis.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>Given that the Updated Commercial Transactions Law in the UAE is relatively new, limited research papers have analysed this segment of the updated law in particular. This research, thus, contributes to knowledge by paving the way for future research pertaining to the same matter.</p><!--/ Abstract__block -->","PeriodicalId":46125,"journal":{"name":"International Journal of Law and Management","volume":null,"pages":null},"PeriodicalIF":1.5,"publicationDate":"2024-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142192747","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}
引用次数: 0
Three decades of WTO dispute settlement: insights from bibliometric literature review and future research agenda 世贸组织争端解决三十年:文献计量学文献审查的启示和未来研究议程
IF 1.5
International Journal of Law and Management Pub Date : 2024-09-13 DOI: 10.1108/ijlma-07-2024-0248
Iqra Yaseen, Mohammad Shafi Sofi
{"title":"Three decades of WTO dispute settlement: insights from bibliometric literature review and future research agenda","authors":"Iqra Yaseen, Mohammad Shafi Sofi","doi":"10.1108/ijlma-07-2024-0248","DOIUrl":"https://doi.org/10.1108/ijlma-07-2024-0248","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>The purpose of this study is to conduct a comprehensive systematic literature review using bibliometric approach to investigate the academic structure of World Trade Organization Dispute Settlement research.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>The study examines the bibliographic information for 1,858 articles from Scopus and the Australian Business Deans Council-indexed journals published between 1995 and 2024 using Dimensions.ai and Google Scholar search engines. Exploratory-cum-descriptive research design with bibliometric approach is used to answer the stated literature review research questions.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The data shows a gradual decline in WTO-Dispute Settlement System (WTO-DSS) research relative to the total international business area in the three decades. Developed countries appear as key contributors to the research, with the USA and the UK standing out as the most productive and influential research countries. The study shows a significant change in the focus of this research corpus from legalized to non-legalized approaches, with a greater emphasis on transparency and environmental sustainability. The research identifies global politics and international trade law as influential subjects in the discipline.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>To the best of the authors’ knowledge, the study is a first of its kind where bibliometric approach has been used to study the evolution of WTO-DSS literature. The study adds to the understanding of WTO Dispute Settlement research patterns and recommends future research options.</p><!--/ Abstract__block -->","PeriodicalId":46125,"journal":{"name":"International Journal of Law and Management","volume":null,"pages":null},"PeriodicalIF":1.5,"publicationDate":"2024-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142192748","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}
引用次数: 0
Inflated energy prices and capital structure: firm level evidence from Indian manufacturing sector 膨胀的能源价格与资本结构:来自印度制造业的公司层面证据
IF 1.5
International Journal of Law and Management Pub Date : 2024-08-30 DOI: 10.1108/ijlma-11-2023-0254
Mamta Dhanda, Sunaina Dhanda, Bhawna Choudhary
{"title":"Inflated energy prices and capital structure: firm level evidence from Indian manufacturing sector","authors":"Mamta Dhanda, Sunaina Dhanda, Bhawna Choudhary","doi":"10.1108/ijlma-11-2023-0254","DOIUrl":"https://doi.org/10.1108/ijlma-11-2023-0254","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>The purpose of this paper is to study the influence of inflated energy prices on the capital structure of Indian manufacturing corporations and to investigate whether the capital structure of Indian firms is driven by demand shocks or supply shocks during the study period.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>After conducting a thorough review of the capital structure and inflation-based research studies, panel data-based regression model and correlation matrix have been used as statistical tools for Indian manufacturing sector available with the Centre for Monitoring Indian Economy Prowess database.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The results suggest that variables like the presence of inflated energy prices had adversely influenced the capital structure of Indian corporations. Not only this, the study also highlights that factors pertaining to the demand shock had induced Indian corporations to have higher debt levels in the capital structure.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>This study has laid some ground work to explore the influence of inflation on capital structure of Indian firms upon which a more detailed evaluation could be based.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>To the best of the authors’ knowledge, this study is the first that explores the influence of inflated energy prices on the capital structure of manufacturing firms in India by using the most recent data.</p><!--/ Abstract__block -->","PeriodicalId":46125,"journal":{"name":"International Journal of Law and Management","volume":null,"pages":null},"PeriodicalIF":1.5,"publicationDate":"2024-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142192749","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}
引用次数: 0
Corporate carbon emissions, science-based targets initiatives and firm performance: evidence from India 企业碳排放、科学目标倡议与企业绩效:来自印度的证据
IF 1.5
International Journal of Law and Management Pub Date : 2024-08-27 DOI: 10.1108/ijlma-05-2024-0161
Meghna Bharali Saikia, Santi Gopal Maji
{"title":"Corporate carbon emissions, science-based targets initiatives and firm performance: evidence from India","authors":"Meghna Bharali Saikia, Santi Gopal Maji","doi":"10.1108/ijlma-05-2024-0161","DOIUrl":"https://doi.org/10.1108/ijlma-05-2024-0161","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This study aims to examine the influence of corporate carbon emissions on the financial performance of select Indian companies. It further studies the moderating role of science-based target initiatives (SBTi) in this relationship.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>The study is based on 57 Indian SBTi companies and 74 Bombay Stock Exchange-listed non-SBTi companies for the period of four years from 2019–2020 to 2022–2023. The panel data regression models are used to study this association. Furthermore, two-stage least square and generalized method of moments models are used to test the robustness of the results.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>There is a negative relationship between corporate carbon emissions and financial performance. The findings support the “win-win” hypothesis and confirm that reducing carbon emissions can improve the financial performance of Indian firms. Furthermore, the SBTi moderate the carbon emission and firm performance nexus.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>The findings of the study would provide insights to the policymakers, regulators and managers to mainstream climate change in their core business activities driving sustainability and profitable outcomes.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>This study is a noble attempt to study the moderating role of science-based targets in the carbon emissions and firm performance nexus in an emerging market setting. Earlier studies have been conducted in a cross-country context.</p><!--/ Abstract__block -->","PeriodicalId":46125,"journal":{"name":"International Journal of Law and Management","volume":null,"pages":null},"PeriodicalIF":1.5,"publicationDate":"2024-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142224977","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}
引用次数: 0
How the law can ensure the success of value-added tax 法律如何确保增值税取得成功
IF 1.5
International Journal of Law and Management Pub Date : 2024-08-26 DOI: 10.1108/ijlma-06-2024-0217
Ali Salem Al-Amarri
{"title":"How the law can ensure the success of value-added tax","authors":"Ali Salem Al-Amarri","doi":"10.1108/ijlma-06-2024-0217","DOIUrl":"https://doi.org/10.1108/ijlma-06-2024-0217","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>The purpose of this research is to demonstrate how legal strategies can be used to enhance the effectiveness of value-added tax (VAT) and how taxation laws can synergise with economic goals to strengthen the economy.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>This study uses a comprehensive approach to explore various aspects of VAT, including its mechanics, collection process and global trends. It uses a comparative analysis of different types of taxes and their potential impact on economic growth. Additionally, it examines the role of the law in establishing tax systems, and how the law makes VAT more effective.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The research highlights the importance of legal frameworks in implementing VAT strategies and addressing associated challenges. It also identifies the advantages and disadvantages of VAT and discusses its role in diversifying economic income sources to ensure a sustainable national revenue stream.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>This research contributes to the literature by offering insights into the interplay between law, taxation and economic development, particularly focusing on the effectiveness of VAT. It provides original perspectives on legal strategies to optimise VAT systems and enhance economic growth.</p><!--/ Abstract__block -->","PeriodicalId":46125,"journal":{"name":"International Journal of Law and Management","volume":null,"pages":null},"PeriodicalIF":1.5,"publicationDate":"2024-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142192750","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}
引用次数: 0
Digital transformation in financial industry: antecedents of fintech adoption, financial literacy and quality of life 金融业的数字化转型:金融科技应用、金融知识普及和生活质量的先决条件
IF 1.5
International Journal of Law and Management Pub Date : 2024-08-13 DOI: 10.1108/ijlma-11-2023-0249
Abeer F. Alkhwaldi
{"title":"Digital transformation in financial industry: antecedents of fintech adoption, financial literacy and quality of life","authors":"Abeer F. Alkhwaldi","doi":"10.1108/ijlma-11-2023-0249","DOIUrl":"https://doi.org/10.1108/ijlma-11-2023-0249","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This paper aims to investigate the variables that could contribute to facilitating or hindering FinTech adoption in Jordan and how that will affect human well-being (quality of life [QoL]).</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>A conceptual framework was formulated through the integration of “the unified theory of acceptance and use of technology” (UTAUT), “task-technology fit” (TTF) model and two additional factors, namely, “financial literacy” (FL) and “quality of life” (QoL). A cross-sectional online survey was used to obtain data from 378 FinTech users employing a quantitative method. AMOS 26.0 was utilized to analyse the data based on “structural equation modelling” (SEM).</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The analysis of the structural path found that UTAUT constructs including “performance expectancy (PE), effort expectancy (EE), facilitating conditions (FC), social influence (SI)”, and TTF were significant determinants of FinTech adoption. Only technology characteristics (TECH) was a significant predictor of TTF. Also, the analysis of empirical data revealed a significant mediating impact of FinTech adoption on the association between FL and QoL, underlining the important role of digital FL in digitalizing societies. Likewise, FL affected the QoL directly.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>This research will be beneficial for “FinTech service providers” (FSPs) and policymakers to offer thorough insights regarding the current relatively low acceptance rates of FinTech, contributing to strategies’ formulation that could promote FinTech usage by Jordanian customers, where FinTech is still considered an innovative technology. In addition, FL needs to integrate digital literacy to utilize state-of-the-art technologies for more effective financial management. This is with being able to make decisions facilitating the management of life outcomes which could result in better QoL.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>To the best of the author’s knowledge, this research is the first research paper that integrates the UTAUT and TTF models and also adds two additional constructs, namely, FL and QoL, to investigate the FinTech in the Jordanian setting. This study could contribute to the literature on IT adoption by considering FinTech usage and incorporation into individuals’ life in Jordan.</p><!--/ Abstract__block -->","PeriodicalId":46125,"journal":{"name":"International Journal of Law and Management","volume":null,"pages":null},"PeriodicalIF":1.5,"publicationDate":"2024-08-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141969393","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}
引用次数: 0
Effect of monetary policy transmission on the use-based classification of manufacturing industry in India: an empirical evidence 货币政策传导对印度制造业用途分类的影响:经验证据
IF 1.3
International Journal of Law and Management Pub Date : 2024-08-12 DOI: 10.1108/ijlma-11-2023-0260
Mrutyunjaya Sahoo, S. Mohanty, Praveen Sahu
{"title":"Effect of monetary policy transmission on the use-based classification of manufacturing industry in India: an empirical evidence","authors":"Mrutyunjaya Sahoo, S. Mohanty, Praveen Sahu","doi":"10.1108/ijlma-11-2023-0260","DOIUrl":"https://doi.org/10.1108/ijlma-11-2023-0260","url":null,"abstract":"\u0000Purpose\u0000This study aims to investigate the effect of monetary policy transmission on the use-based classification of manufacturing industries in India, an integral aspect influencing the overall economic growth of the nation.\u0000\u0000\u0000Design/methodology/approach\u0000The empirical study applies a panel autoregressive distributed lag model to examine the relationship/association between monetary policy transmission mechanism and the output of manufacturing industries in the long run and short run.\u0000\u0000\u0000Findings\u0000In the long run, the findings reveal a negative association between money supply and manufacturing industries’ output, indicating that an increase in money supply corresponds to a decrease in manufacturing output. Conversely, a positive relationship is observed between manufacturing industries’ output and banks’ credit, indicating that an increase in bank credit leads to a corresponding increase in manufacturing output. In the short run, the results highlight a significant positive relationship between manufacturing output and monetary policy transmission variables, including money supply, statutory liquidity ratio, real exchange rate and foreign direct investment. The use-based classification of manufacturing industries such as primary goods, capital goods and intermediate goods exhibits greater responsiveness to monetary policy shocks than consumer durables and non-durables goods.\u0000\u0000\u0000Research limitations/implications\u0000Policymakers are advised to regulate credit expansion to support the industry without risking financial instability, with key recommendations including stimulating consumer demand and adopting sector-specific policies to promote sustainable growth across diverse manufacturing sectors.\u0000\u0000\u0000Originality/value\u0000India, being a developing economy, efficient monetary policy transmission is crucial for boosting manufacturing output and employment. Nevertheless, there has been a scarcity of research concentrated on this pivotal intersection. This study aims to fill that gap, providing fresh insights into how monetary policy affects the growth of the manufacturing industry.\u0000","PeriodicalId":46125,"journal":{"name":"International Journal of Law and Management","volume":null,"pages":null},"PeriodicalIF":1.3,"publicationDate":"2024-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141919017","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}
引用次数: 0
Effect of monetary policy transmission on the use-based classification of manufacturing industry in India: an empirical evidence 货币政策传导对印度制造业用途分类的影响:经验证据
IF 1.3
International Journal of Law and Management Pub Date : 2024-08-12 DOI: 10.1108/ijlma-11-2023-0260
Mrutyunjaya Sahoo, S. Mohanty, Praveen Sahu
{"title":"Effect of monetary policy transmission on the use-based classification of manufacturing industry in India: an empirical evidence","authors":"Mrutyunjaya Sahoo, S. Mohanty, Praveen Sahu","doi":"10.1108/ijlma-11-2023-0260","DOIUrl":"https://doi.org/10.1108/ijlma-11-2023-0260","url":null,"abstract":"\u0000Purpose\u0000This study aims to investigate the effect of monetary policy transmission on the use-based classification of manufacturing industries in India, an integral aspect influencing the overall economic growth of the nation.\u0000\u0000\u0000Design/methodology/approach\u0000The empirical study applies a panel autoregressive distributed lag model to examine the relationship/association between monetary policy transmission mechanism and the output of manufacturing industries in the long run and short run.\u0000\u0000\u0000Findings\u0000In the long run, the findings reveal a negative association between money supply and manufacturing industries’ output, indicating that an increase in money supply corresponds to a decrease in manufacturing output. Conversely, a positive relationship is observed between manufacturing industries’ output and banks’ credit, indicating that an increase in bank credit leads to a corresponding increase in manufacturing output. In the short run, the results highlight a significant positive relationship between manufacturing output and monetary policy transmission variables, including money supply, statutory liquidity ratio, real exchange rate and foreign direct investment. The use-based classification of manufacturing industries such as primary goods, capital goods and intermediate goods exhibits greater responsiveness to monetary policy shocks than consumer durables and non-durables goods.\u0000\u0000\u0000Research limitations/implications\u0000Policymakers are advised to regulate credit expansion to support the industry without risking financial instability, with key recommendations including stimulating consumer demand and adopting sector-specific policies to promote sustainable growth across diverse manufacturing sectors.\u0000\u0000\u0000Originality/value\u0000India, being a developing economy, efficient monetary policy transmission is crucial for boosting manufacturing output and employment. Nevertheless, there has been a scarcity of research concentrated on this pivotal intersection. This study aims to fill that gap, providing fresh insights into how monetary policy affects the growth of the manufacturing industry.\u0000","PeriodicalId":46125,"journal":{"name":"International Journal of Law and Management","volume":null,"pages":null},"PeriodicalIF":1.3,"publicationDate":"2024-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141919363","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}
引用次数: 0
Global resurgence: private asset reconstruction companies as legal catalysts for financial stability in India and beyond 全球复兴:私营资产重组公司作为促进印度及其他地区金融稳定的法律催化剂
IF 1.5
International Journal of Law and Management Pub Date : 2024-08-07 DOI: 10.1108/ijlma-02-2024-0046
Megha Jaiwani, Santosh Gopalkrishnan
{"title":"Global resurgence: private asset reconstruction companies as legal catalysts for financial stability in India and beyond","authors":"Megha Jaiwani, Santosh Gopalkrishnan","doi":"10.1108/ijlma-02-2024-0046","DOIUrl":"https://doi.org/10.1108/ijlma-02-2024-0046","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This study aims to transcend geographical boundaries and provide insights into innovative strategies used by Indian Asset Reconstruction Companies (ARCs) in managing distressed assets. The study examines the origins, evolution, challenges and opportunities faced by ARCs to derive lessons that can be universally applicable and serve as a valuable blueprint for global investors and institutions seeking effective strategies in managing distressed assets. From a legal and compliance angle, this opens up many perspectives that would help plug loopholes and grey zones within the legal ambit for organisations and institutions.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>The study invokes a critical review of existing literature, news, discussions and publicly available information from reliable sources such as the central bank’s websites to develop the viewpoints and provide recommendations.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>ARCs face challenges, recovering only 19.15% of distressed assets in 2022. Despite constraints like funding, governance issues and regulatory hurdles, there is a substantial opportunity for investors in the Rs. 9.6 lakh crore non-performing assets. The study suggests strategic assessments by banks, emphasises ARCs’ roles in specific sectors and calls for regulatory adjustments. With diverse investors and favourable regulations, this evolving landscape offers significant global opportunities for policymakers and investors in distressed assets.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>This study serves as a valuable guide for shaping resilient policies, fostering cross-border collaborations and optimising distressed asset management strategies on a global scale.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>This study breaks new ground by examining the private ARCs sector within an emerging economy’s dynamics, presenting insights relevant to global distressed markets. This study serves as a unique resource for those navigating the complexities of distressed markets globally, providing insights that can inform strategies, policies and academic discussions in the broader financial landscape.</p><!--/ Abstract__block -->","PeriodicalId":46125,"journal":{"name":"International Journal of Law and Management","volume":null,"pages":null},"PeriodicalIF":1.5,"publicationDate":"2024-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141946368","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}
引用次数: 0
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