Journal of Business School Journal of Business School: Business Management en-US (Yalçın Arslantürk, Ph.D.) (ORSA Medya) Fri, 07 May 2021 00:00:00 +0000 OJS 60 Systematic Review on Takaful and Retakaful Windows: A Regulatory Development Perspective <p>This paper reviews the regulatory developments of takaful and retakaful windows in the international regulatory bodies and selected jurisdictions. The takaful and retakaful window operations as a business model has been adopted in some countries such as Indonesia, Nigeria, Pakistan and Turkey to achieve certain objectives, including encouraging financial inclusion, tapping a new market segment, and boosting competitiveness. On the flip side, takaful and retakaful window operations are banned by the regulators in other countries such as Brunei, Qatar and Saudi Arabia due to concerns on adherence to Shariah governance, and the performance of standalone full-fledged takaful operators, which have the capability of handling the demands of their respective markets. The paper investigates the takaful and retakaful window operations in the six jurisdictions i.e. Indonesia, Pakistan, Turkey, Nigeria, Kenya and Bangladesh. It also discusses the current regulatory development of transferring the takaful and retakaful windows business into full-fledged takaful players in Indonesia and Turkey, and the decision to maintain the windows model as the ideal model in Pakistan.</p> Ahmad Alrazni Alshammari, Basheer Hussein Motawe Altarturi, Jassem Alokla Copyright (c) 2021 Fri, 07 May 2021 00:00:00 +0000 Impact of Product Knowledge and Product Characteristics on Consumers’ Purchase Decision of Laptop Computers among Students of Ekiti State University, Ado Ekiti <p>The study to examine the impact of product knowledge and product characteristics on consumers’ purchase decision of laptop computers among students of Ekiti State University. However the specific objectives of the research are to examine the impact of product knowledge; product characteristics; product familiarity and perceived product quality influence consumers’ purchase decision of laptop computers among students in Ekiti State University. The population of this study was 13,753 full time undergraduate students of Ekiti State University. The sample size is 390 respondents using stratified sampling techniques. Data gathered were sorted, coded, and analysed using descriptive and inferential statistics. The descriptive statistics were mainly frequency table. Inferential statistics used was regression analysis. The result showed that product knowledge (t = 12.373, p = 000 &lt; 0.05); product characteristics (t = 4.750, p = 000 &lt; 0.05); product familiarity (t = 14.235; p = 000 &lt; 0.05) and product knowledge (t = 1.449; p = 0.148 &gt; 0.05). The results showed that product familiarity and product knowledge has moderate positive impact on consumer purchase decision than does product characteristics and perceived product quality influence on consumer purchase decision. The study concluded that product familiarity is the most potent motivating factors influencing consumers’ choice of brand of laptop computers meaning that the student purchase their laptop computers base on the familiar product.</p> Omotayo Olugbemi, Kayode Kingsley, Enitilo Olalekan Copyright (c) 2021 Fri, 07 May 2021 00:00:00 +0000 Impact of Microfinance Banks’ Credit on the Performance of Small and Medium Scale Enterprises in Oyo State <p>The contribution of microfinance banks’ credit to the performance of small and medium scale enterprises in Nigeria has been an issue that has gained momentum among scholars of repute. Different studies have been conducted in this light and their findings have been generically validated over time and have become basis for further researches. However, much studies have not been articulated towards underpinning impact of microfinance credit on performance of small and medium scale enterprises, with profitability and market size as performance indicators. This study was anchored on growth theory, propounded by Harold (1939) and Dolmar (1946). Two hypotheses were formulated and tested using regression analysis. The results showed that microfinance bank credit had significant impact on profitability and market size of small and medium scale enterprises. It was recommended that government should create an enabling environment for business opportunities to thrive in the country and that the conditions for accessing the credit facilities by the small and medium scale enterprises should be less stringent.</p> Olusegun Samuel Aremu, Samuel Oluwapelumi Olofınlade Copyright (c) 2021 Fri, 07 May 2021 00:00:00 +0000 Remittances and Openness to Trade in ECOWAS Countries Evidence from Panel Data <p>This paper explores the relationship between trade openness in ECOWAS countries using panel data. This is evidenced from the significance of foreign remittances over time and its potential in boosting trade relation. The theoretical framework is rooted in the Mercantilists approach which advocate the positive impact of remittance flows on exports thereby increasing the ability to finance imports. The pooled OLS, fixed effect and random effect estimations are adopted. Results show indirect impact of remittance flows on openness to trade for the fixed and random effect estimations while there exists a positive influence of remittance flow on trade openness in the pooled OLS estimation. Economic boom, gross capital formation and money supply impact positively on trade openness. A weakening institutional quality is demonstrated by the negative impact of it on trade orientation. Therefore, it is important that distribution of remittances be well guided, stiff trade policy including bureaucratic bottlenecks should be regulated and adequate infrastructure be put in place to further boost the region’s trade relation.</p> Jimoh Olakunle Saka Copyright (c) 2021 Fri, 07 May 2021 00:00:00 +0000 Rural Electrification and Small and Medium Entreprises’ (SMEs) Performances in Mvomero District, Morogoro, Tanzania <p>In recent years, Tanzania has been experiencing increasing in number of SMEs business in rural areas particularly in areas where Rural Electrification Programs (REA) have been well implemented. These programs are always associated with low connecting costs which attract many households to use the energy. This study examined the effects of rural electrification programs to the SMEs’ performances measured in revenues collected by these SMEs. The study was done in Mvomero district, Morogoro. The Ordered Logistic Regression (OLR) model was employed in the data analysis. Tests such as Oparallel and Brant were used to assess the assumptions of parallel lines. Findings on the determinants of electrical adoption reveals that 59.385 percent of SMEs’ owners who have higher revenues adopt electricity while education influence on the electrical adoption among SMEs’ owner is only 8.29 percent. Moreover, findings on the effects of rural electrification programs on SMEs’ performances shows that distance to the nearby transformer, willingness to pay for REA, affordability of the REA programs and adoption of the REA energy among SMEs increase SMEs performances significantly. Consequently, the government is advised to ensure that, through policies and other regulatory roles that rural SMEs get growing up. This can be done if these rural SMEs are enabled to solicit credits from financial facilities to expanding their businesses and making beneficial utilization of REA services. The economic outcome, through multiplier effects in employment creation and subjective economic welfare, might be tremendous.</p> Romanus Lucian Dımoso, Felician Andrew Copyright (c) 2021 Fri, 07 May 2021 00:00:00 +0000 The Influence of Compliance With Bank’s Credit Guidelines on Profitability of Commercial Banks in Uganda <p>The study investigated the influence of compliance with the bank's credit guidelines on the profitability of the commercial bank in Uganda. Using Stanbic Bank as the case study, the study utilized a correlational cross-sectional survey design. Semi-structured questionnaires and interviews were used to collect data from a sample of employees and clients. Data were analyzed using the narrative, descriptive, Pearson correlation, and linear regression analyses. Findings revealed that compliance with the bank's credit guidelines significantly influences the profitability of the Stanbic bank. A bank which insists on payment under agreed credit guidelines and which is prepared to take action to recover the debts is most likely to be paid in full and on time and this promotes profitability and a need to have well-set bank credit guidelines. It is the flexibility of the credit guidelines agreeable to both the client and the bank that results into increased customer base and a timely payment which improves the bank's profitability.</p> Irene Aketch, Henry Buwule Musoke Copyright (c) 2021 Fri, 07 May 2021 00:00:00 +0000 The Relationship between Personality Traits and Strategic Thinking Skills <p>The main purpose of this research is to examine the relationship between personality traits and strategic thinking skills. Quantitative research method was used in the study, and the data were obtained by online survey technique. The sample of the study is university students. In the study, which included 824 participants in total, the data were analyzed with the SPSS program. According to the analysis results, the dimension that represents the strategic thinking skills at the best level is intention/goal orientation and conscientiousness stands out as the most dominant personality traits. Also a positive and moderately significant relationship was found between personality traits and strategic thinking skills. The personality trait that has the highest effect on all strategic thinking skills is conscientiousness. Neurotic personality trait has a significantly negative effect on strategic thinking skills. The personality trait with the weakest effect on strategic thinking skills was determined as agreeableness.</p> Yunus Emre Taşgit, Zeynep Kaya Copyright (c) 2021 Fri, 07 May 2021 00:00:00 +0000 Investigating the Sustainability of Jamaican Small Traditional Farmers in Relation to the Impact of Economic Globalization <p>This paper has summarised and has taken forward the debates around the importance off as well as how to achieve sustainability in the Jamaica Small Traditional Farming Sub-sector. Small traditional farming has played a major role in Jamaica’s development and poverty reduction in the past. However, changing global conditions are widely acknowledged as factors negatively impacting its sustainability. This explorative study utilized survey methodology to gather data from twenty directors and twenty researchers employed to institutions such as Scientific Research Council of Jamaica, one hundred and forty-six (146) farmers, extension and assistant extension officers from RADA. The study was explored in terms of six proposed sustainability indicators as demonstrated by the Mandel Model for sustainable rural poultry farming. The hypotheses were supported by the available data and are accepted at α=0.05. The study therefore postulates that, the revitalization and sustainability of the small traditional farming sub-sector is critical. Small traditional farmers of Jamaica like those in Israel and Japan can become efficient and achieve global competitiveness by means of an increase in endogenous innovations, along with improvements in the operational and administrative functions of agrarian institutions. These rural communities are likely to experience increased economic activities and development, hence better standard of living. There is the need for citizens in rural Jamaica to achieve cultural and educational changes. More than 40,000 Jamaican families can improve their standard of living directly and a further 30,000 families can experience indirect benefits.</p> Kirkland Robert Anderson, Shamsideen Adisa Keshınro Copyright (c) 2021 Fri, 07 May 2021 00:00:00 +0000