Retraction: The effect of human capital on performance of East African commercial banks
-
Author(s)Muhammad Zia Aftab KhanLink to ORCID Index: http://orcid.org/0000-0003-2926-3229
,
Ji Hyun ParkLink to ORCID Index: http://orcid.org/0000-0001-7691-6881
-
DOIhttp://dx.doi.org/10.21511/bbs.15(2).2020.06
-
Article InfoVolume 15 2020, Issue #2, pp. 56-66
- Cited by
- 1033 Views
-
136 Downloads
This work is licensed under a
Creative Commons Attribution 4.0 International License
Retracted on the 7th of July, 2020 by the Journal’s Editor-in-Chief request dated July 3th 2020. The type of retraction – plagiarism.
The Editor-in-Chief of the journal was asked to retract this article because of plagiarism. The request came from the author of the article, which was published 8 months before the retracted article was published in “Banks and Bank Systems” journal. The author(s) insisted that the article completely repeated his own, i.e. contained a high level of plagiarism that could not be corrected.
Editorial staff carried out an investigation into plagiarism in the article published. When the manuscript was submitted to the Journals for consideration, the authors signed the Cover letter and attested to the fact that their manuscript is an original research and has not been published before. After that, the manuscript was accepted for consideration by the Managing Editor and was tested for plagiarism using the iThenticate program. Plagiarism was not detected. Later, after the article complaint and the statement of plagiarism, we used all the sources and resources provided by the complainant, the article was re-tested for plagiarism, and plagiarism was established
According to the results of the investigation, the editorial board decided to retract the article on July 7, 2020.
The authors were notified of such a decision.
- Keywords
-
JEL Classification (Paper profile tab)G10, G17, G 21
-
References100
-
Tables0
-
Figures0
-
- Abdin, J. (2016). Financial development and poverty reduction: Exploring the links between the issues using evidence from Bangladesh. International Journal of Financial Research, 7(4), 44-65.
- Abhayawansa, S., Aleksanyan, M., & Cuganesan, S. (2018). Conceptualization of intellectual capital in analysts’ narratives: a performative view. Accounting, Auditing & Accountability Journal, 31(3), 950-969.
- Abualoush, S., Masa’deh, R. E., Bataineh, K., & Alrowwad, A. (2018). The role of knowledge management process and intellectual capital as intermediary variables between knowledge management infrastructure and organization performance. Interdisciplinary Journal of Information, Knowledge, and Management, 13, 279-309.
- Al-Musali, M. A., & Ku Ismail, K. N. I. (2016). A cross-country comparison of intellectual capital performance and its impact on financial performance of commercial banks in GCC countries. International Journal of Islamic and Middle Eastern Finance and Management, 9(4), 512-531.
- Anetor, F., Ogbechie, C., Kelikume, I., & Ikpesu, F. (2016). Credit supply and agricultural production in Nigeria: a vector autoregressive (VAR) approach. Journal of Economics and Sustainable Development, 7(2), 131-143.
- Ashour, A. S. (2000, April). Knowledge capital management. Reinventing management paradigm in the 21st century. In Proceedings of the 12th International Conference on Training and Management Development Towards Arab Learning Organization (pp. 25-27).
- Attar, M., Kang, K., & Sohaib, O. (2019). Knowledge Sharing Practices, Intellectual Capital and Organizational Performance. In Proceedings of the 52nd Hawaii International Conference on System Sciences.
- Bae, J., & Lawler, J. J. (2000). Organizational and HRM strategies in Korea: Impact on firm performance in an emerging economy. Academy of Management Journal, 43(3), 502-517.
- Balcilar, M., Gupta, R., Lee, C. C., & Olasehinde-Williams, G. (2018). The synergistic effect of insurance and banking sector activities on economic growth in Africa. Economic Systems, 42(4), 637-648.
- Bapna, R., Langer, N., Mehra, A., Gopal, R., & Gupta, A. (2013). Human capital investments and employee performance: an analysis of IT services industry. Management Science, 59(3), 641-658.
- Barney, J. B. (1986). Organizational culture: can it be a source of sustained competitive advantage?. Academy of Management Review, 11(3), 656-665.
- Beck, T., Demirgüç-Kunt, A., & Levine, R. (2007) Finance, inequality and the poor. Journal of Economic Growth, 12(1), 27-49.
- Becker, G. (1964). Human Capital. NY: University of Chicago press.
- Becker, G. S. (2009). Human capital: A theoretical and empirical analysis, with special reference to education. NY: University of Chicago press.
- Benevene, P., Kong, E., Lucchesi, M., & Cortini, M. (2019). Intellectual capital management among Italian non-profit socio-cooperatives. Journal of Workplace Learning, 31(1), 17-30.
- Benhabib, J., & Spiegel, M. M. (2005). Human capital and technology diffusion. Handbook of economic growth, 1, 935-966.
- Bontis, N., & Fitz-Enz, J. (2002). Intellectual capital ROI: a causal map of human capital antecedents and consequents. Journal of Intellectual capital, 3(3), 223-247.
- Bontis, N., Ciambotti, M., Palazzi, F., & Sgro, F. (2018). Intellectual capital and financial performance in social cooperative enterprises. Journal of Intellectual Capital, 19(4), 712-731.
- Bontis, N., Dragonetti, N. C., Jacobsen, K., & Roos, G. (1999). The knowledge toolbox: A review of the tools available to measure and manage intangible resources. European Management Journal, 17(4), 391-402.
- Bratianu, C. (2018). Intellectual capital research and practice: 7 myths and one golden rule. Management & Marketing, 13(2), 859-879.
- Cai, D., Song, Q., Ma, S., Dong, Y., & Xu, Q. (2018). The relationship between credit constraints and household entrepreneurship in China. International Review of Economics & Finance, 58, 246-258.
- Carletti, E., Senbet, L. W., Cull, R., Allen, F., Qian, J., & Valenzuela, P. (2018). Improving Access to Banking: Evidence from Kenya (BAFFI CAREFIN Centre Research Paper No. 2018-104).
- Chen, C. J., & Huang, J. W. (2009). Strategic human resource practices and innovation performance – The mediating role of knowledge management capacity. Journal of Business Research, 62(1), 104-114.
- Chen, J., Zhu, Z., & Yuan Xie, H. (2004). Measuring intellectual capital: a new model and empirical study. Journal of Intellectual Capital, 5(1), 195-212.
- Chen, M. C., Cheng, S. J., & Hwang, Y. (2005). An empirical investigation of the relationship between intellectual capital and firms’ market value and financial performance. Journal of Intellectual Capital, 6(2), 159-176.
- Chicu, D., del Mar Pàmies, M., Ryan, G., & Cross, C. (2019). Exploring the influence of the human factor on customer satisfaction in call centres. BRQ Business Research Quarterly, 22(2), 83-95.
- Chiorazzo, V., Milani, C., & Salvini, F. (2008). Income diversification and bank performance: Evidence from Italian banks. Journal of Financial Services Research, 33(3), 181-203.
- Chiu, C. L., & Chen, Y. S. (2017). A web-scale experience to identify the component impacts of intellectual capital on corporate performance from perspective of multimedia data applications. International Journal of Applied Systemic Studies, 7(1-3), 138-153.
- Clarke, T., & Gholamshahi, S. (2018). Developing human capital for knowledge based economies. In T. Clarke, & K. Lee (Eds.), Innovation in the Asia Pacific (pp. 247-270). Springer, Singapore.
- Colombo, M. G., & Grilli, L. (2005). Founders’ human capital and the growth of new technology-based firms: A competence-based view. Research Policy, 34(6), 795-816.
- Crook, T. R., Todd, S. Y., Combs, J. G., Woehr, D. J., & Ketchen Jr, D. J. (2011). Does human capital matter? A meta-analysis of the relationship between human capital and firm performance. Journal of Applied Psychology, 96(3), 443.
- Dakhli, M., & De Clercq, D. (2007). Human capital, social capital, and innovation: a multi-country study. Entrepreneurship & Regional Development, 16(2), 107-128.
- Davenport, T., & Prusak, L. (1998). Working Knowledge: How Organizations Manage What They Know. Harvard Business School Press, Boston, MA.
- Dietrich, A., & Wanzenried, G. (2014). The determinants of commercial banking profitability in low-, middle-, and high-income countries. The Quarterly Review of Economics and Finance, 54(3), 337-354.
- Drucker, P. (1993). Post-Capitalist Society, New York: Harper Business.
- Edvinsson, L., & Malone, M. S. (1997). Intellectual capital: The proven way to establish your company’s real value by finding its hidden brainpower. Piatkus.
- Eggoh, J., Houeninvo, H., & Sossou, G. A. (2015). Education, health and economic growth in African countries. Journal of Economic Development, 40(1), 93-111.
- Felício, J. A., Couto, E., & Caiado, J. (2014). Human capital, social capital and organizational performance. Management Decision, 52(2), 350-364.
- Firer, S., & Mitchell Williams, S. (2003). Intellectual capital and traditional measures of corporate performance. Journal of Intellectual Capital, 4(3), 348-360.
- Fleisher, B., Li, H., & Zhao, M. Q. (2010). Human capital, economic growth, and regional inequality in China. Journal of Development Economics, 92(2), 215-231.
- Foong, K., Yorston, R., & Gratton, L. (2003). Human capital measurement and reporting: a British perspective. DTI.
- Gabriel, A. S., Cheshin, A., Moran, C. M., & van Kleef, G. A. (2016). Enhancing emotional performance and customer service through human resources practices: A systems perspective. Human Resource Management Review, 26(1), 14-24.
- Gennaioli, N., La Porta, R., Lopez-de-Silanes, F., & Shleifer, A. (2013). Human capital and regional development. The Quarterly Journal of Economics, 128(1), 105-164.
- Goksu, A., & Goksu, G. G. (2015). A comparative analysis of higher education financing in different countries. Procedia Economics and Finance, 26, 1152-1158.
- Gololo, I. A. (2018). Challenges of the Nigerian Banking Sector and the Way Forward. American Finance & Banking Review, 3(1), 26-34.
- Hahn, F. R. (2009). A note on management efficiency and international banking. Some empirical panel evidence. Journal of Applied Economics, 12(1), 69-81.
- Halim, S. (2010). Statistical analysis on the intellectual capital statement. Journal of Intellectual Capital, 11(1), 61-73.
- Hall, R. (1992). The strategic analysis of intangible resources. Strategic Management Journal, 13(2), 135-144.
- Han, Jin., Han, Jia., & Brass, D. J. (2014) Human capital diversity in the creation of social capital for team creativity. Journal of Organizational Behavior, 35(1), 54-71.
- Hannan, M. T., & Freeman, J. (1984). Structural inertia and organizational change. American Sociological Review, 49(2), 149-164.
- Harris, D., & Helfat, C. (1997). Specificity of CEO human capital and compensation. Strategic Management Journal, 18(11), 895-920.
- Hatch, N. W., & Dyer, J. H. (2004). Human capital and learning as a source of sustainable competitive advantage. Strategic Management Journal, 25(12), 1155-1178.
- Hitt, M. A., Bierman, L., Shimizu, K., & Kochhar, R. (2001). Direct and moderating effects of human capital on strategy and performance in professional service firms: A resource-based perspective. Academy of Management journal, 44(1), 13-28.
- Ilaboya, O. J., & Ohiokha, I. F. (2016). Firm age, size and profitability dynamics: a test of learning by doing and structural inertia hypotheses. Business and Management Research, 5(1), 29-39.
- Itami, H., & Roehl, T. W. (1987). Mobilizing Invisible Assets. Harvard University Press, Cambridge Mass.
- Kasekende, E., & Nikolaidou, E. (2018). Mobile Money and Money Demand in Kenya (Discussion Paper Series No. 2018-11). School of Economics, University of Cape Town.
- Khalique, M., Bontis, N., Nassir bin Shaari, J. A., & Md. Isa, A. H. (2015). Intellectual capital in small and medium enterprises in Pakistan. Journal of Intellectual Capital, 16(1), 224-238.
- Khan, S. J. M., & Anuar, A. R. (2018). Access to Finance: Exploring Barriers to Entrepreneurship Development in SMEs. In Global Entrepreneurship and New Venture Creation in the Sharing Economy (pp. 92-111). IGI Global.
- Kor, Y. Y., & Mahoney, J. T. (2005). How dynamics, management, and governance of resource deployments influence firm level performance. Strategic Management Journal, 26(5), 489-496.
- Link, A.N. & Siegel, D.S. (2007). Innovation, entrepreneurship, and technological change. Oxford: Oxford University Press.
- Lu, C. C., & Hsu, H. J. (2018). Exploring the Relationship between Organizational Capital and Service Innovation Behavior. International Journal for Innovation Education and Research, 6(12), 1-10.
- Maditinos, D., Chatzoudes, D., Tsairidis, C., & Theriou, G. (2011). The impact of intellectual capital on firms’ market value and financial performance. Journal of Intellectual Capital, 12(1), 132-151.
- Mahdi, O. R., Nassar, I. A., & Almsafir, M. K. (2019). Knowledge management processes and sustainable competitive advantage: An empirical examination in private universities. Journal of Business Research, 94, 320-334.
- Martin, B. C., McNally, J. J., & Kay, M. J. (2013). Examining the formation of human capital in entrepreneurship: A meta-analysis of entrepreneurship education outcomes. Journal of Business Venturing, 28(2), 211-224.
- McDowell, W. C., Peake, W. O., Coder, L., & Harris, M. L. (2018). Building small firm performance through intellectual capital development: Exploring innovation as the “black box”. Journal of Business Research, 88, 321-327.
- Megna, P., & Mueller, D. C. (1991). Profit rates and intangible capital. The Review of Economics and Statistics, 73(4), 632-642.
- Muthinja, M. M., & Chipeta, C. (2018). What drives financial innovations in Kenya’s commercial banks? An empirical study on firm and macro-level drivers of branchless banking. Journal of African Business, 19(3), 385-408.
- Noe, R. A., Hollenbeck, J. R., Gerhart, B., & Wright, P. M. (2017). Human resource management: Gaining a competitive advantage. NY: McGraw-Hill Education.
- Noorbakhsh, F., Paloni, A., & Youssef, A. (2001). Human capital and FDI inflows to developing countries: New empirical evidence. World Development, 29(9), 1593-1610.
- Pelinescu, E. (2015). The impact of human capital on economic growth. Procedia Economics and Finance, 22, 184-190.
- Penrose, E., & Penrose, E. T. (2009). The Theory of the Growth of the Firm. Oxford university press.
- Peteraf, M. A. (1993). The cornerstones of competitive advantage: A resource-based view. Strategic Management Journal, 14(3), 179-191.
- Psillaki, M., & Mamatzakis, E. (2017). What drives bank performance in transitions economies? The impact of reforms and regulations. Research in International Business and Finance, 39, 578-594.
- Pucar, S. (2012). The influence of intellectual capital on export performance. Journal of Intellectual Capital, 13(2), 248-261.
- Pulic, A. (2000). MVA and VAIC™ Analysis of Randomly Selected Companies from FTSE 250. Austrian Intellectual Capital Research Center, Graz, London.
- Reichenberg, M., & Andreassen, R. (2018). Comparing Swedish and Norwegian teachers’ professional development: How human capital and social capital factor into teachers’ reading habits. Reading Psychology, 39(5), 442-467.
- Reinartz, W., Krafft, M., & Hoyer, W. D. (2004). The customer relationship management process: Its measurement and impact on performance. Journal of Marketing Research, 41(3), 293-305.
- Sahari, S., Nichol, E. O., & Yusof, S. M. (2019). Stakeholders’ Expectations on Human Capital Disclosure vs. Corporate Reporting Practice in Malaysia. International Business Research, 12(1), 148-155.
- Sardo, F., Serrasqueiro, Z., & Alves, H. (2018). On the relationship between intellectual capital and financial performance: A panel data analysis on SME hotels. International Journal of Hospitality Management, 75, 67-74.
- Schultz, T. W. (1961). Investment in human capital. American Economic Review, 51(1), 1-17.
- Seleim, A., Ashour, A., & Bontis, N. (2007). Human capital and organizational performance: a study of Egyptian software companies. Management Decision, 45(4), 789-801.
- Shivdas, A., & Ray, S. (2017). Resource utilization by pharmaceutical companies in India: Emphasis on R&D, labor and capital. In 2017 International Conference on Data Management, Analytics and Innovation (ICDMAI) (pp. 19-23). IEEE.
- Shrader, R., & Siegel, D. S. (2007). Assessing the relationship between human capital and firm performance: Evidence from technology-based new ventures. Entrepreneurship Theory and Practice, 31(6), 893-908.
- Sikod, F., & Baye, M. (2015). Microfinance Access and Poverty Reduction in Cameroon. In La microfinance en Afrique centrale: Le défi des exclus (pp. 253-284).
- Smriti, N., & Das, N. (2017). Impact of intellectual capital on business performance: evidence from Indian pharmaceutical sector. Polish Journal of Management Studies, 15(1), 1-18.
- Srivastava, K. B. (2001). Intellectual Capital Development and Management of Knowledge in Knowledge Based Economy. Indian Journal of Industrial Relations, 36(3), 355-362.
- Ståhle, P., Ståhle, S., & Aho, S. (2011). Value added intellectual coefficient (VAIC): a critical analysis. Journal of Intellectual Capital, 12(4), 531-551.
- Stewart, T. A. (1997). Intellectual Capital. London: Nicholas Brealey.
- Sufian, F., & Chong, R. R. (2008). Determinants of bank profitability in a developing economy: empirical evidence from the Philippines. Asian Academy of Management Journal of Accounting & Finance, 4(2), 91-112.
- Sufian, F., & Habibullah, M. S. (2009). Determinants of bank profitability in a developing economy: Empirical evidence from Bangladesh. Journal of Business Economics and Management, 10(3), 207-217.
- Sun, S. T., & Yannelis, C. (2016). Credit constraints and demand for higher education: Evidence from financial deregulation. Review of Economics and Statistics, 98(1), 12-24.
- Sveiby, K. E. (1997). The new organizational wealth: Managing & measuring knowledge-based assets. Berrett-Koehler Publishers.
- Toms, S., Wilson, N., & Wright, M. (2019). Innovation, intermediation, and the nature of entrepreneurship: A historical perspective. Strategic Entrepreneurship Journal, 14(1).
- Tongurai, J., & Vithessonthi, C. (2018). The impact of the banking sector on economic structure and growth. International Review of Financial Analysis, 56, 193-207.
- Ulrich, D., & Kryscynski, D. (2015). Winning in challenging markets requires stronger attention to human capital. LSE Business Review.
- Wan, G., & Zhang, Y. (2018). The direct and indirect effects of infrastructure on firm productivity: Evidence from Chinese manufacturing. China Economic Review, 49, 143-153.
- Wang, W. Y., & Chang, C. (2005). Intellectual capital and performance in causal models: Evidence from the information technology industry in Taiwan. Journal of Intellectual Capital, 6(2), 222-236.
- Wernerfelt, B. (1984). A resource-based view of the firm. Strategic Management Journal, 5(2), 171-180.
- Wright, P. M., McCormick, B., Sherman, W. S., & McMahan, G. C. (1999). The role of human resource practices in petro-chemical refinery performance. International Journal of Human Resource Management, 10(4), 551-571.
- Young, C.-S., Su, H.-Y., Fang, S.-C., & Fang, S.-R. (2009). Cross-country comparison of intellectual capital performance of commercial banks in Asian economies. The Service Industries Journal, 29(11), 1565-1579.
-
Integrated reporting and financial performance of South African listed banks
Reon Matemane ,
Rozane Wentzel
doi: http://dx.doi.org/10.21511/bbs.14(2).2019.11
Banks and Bank Systems Volume 14, 2019 Issue #2 pp. 128-139 Views: 2769 Downloads: 540 TO CITE АНОТАЦІЯThe recent development of integrated reporting intends to address the limitations associated with corporate reporting practices. This paper aims to examine whether a statistically significant relationship exists between integrated reporting quality and financial performance. Secondary data was used, namely the integrated reports and annual financial statements of South African banks listed on the Johannesburg Stock Exchange (JSE) for 2010–2014. For the period 2005–2009, only the financial statements were used, since integrated reporting was not yet mandatory. The research design was longitudinal and it combined qualitative and quantitative methods. Descriptive statistics and Feasible Generalized Least Square (FGLS) were used to explore the relationships between financial performance and integrated reporting quality. The results indicate that there is a positive relationship between integrated reporting quality (IRQ) and earnings per share (EPS). However, there is no significant relationship between IRQ and Tobin’s q (Q-Ratio), IRQ and return on equity (ROE), IRQ and return on assets (ROA) as well as IRQ and economic value added (EVA). Moreover, there are no significant differences on the financial performance of the listed banks before and after the introduction of integrated reporting.
-
Determinant factors of market share: evidence from the Indonesian Islamic banking industry
M. Nur Rianto Al Arif ,
Yuke Rahmawati
doi: http://dx.doi.org/10.21511/ppm.16(1).2018.37
Problems and Perspectives in Management Volume 16, 2018 Issue #1 pp. 392-398 Views: 1847 Downloads: 241 TO CITE АНОТАЦІЯMarket share is one of the performance indicators for the Islamic banking industry in Indonesia. Actually, the policy makers had set up the 5% market share to be achieved in 2008. Unfortunately, this target finally was met at the end of 2016. This study is going to examine the determinants of market share in the Indonesian Islamic banking industry. From the empirical result, we can see that some of the variables had an impact on market share. The variables impacting market share are the default rate, operational efficiency rate, the yield of profit sharing, and conventional bank’s interest rate. The other variables such as profitability ratio and liquidity ratio don’t have an impact on market share. The result implies that Islamic banks should strengthen the internal factors to accelerate their growth and performance.
-
Relationship between financial performances and marketing practices in the banking sector of Jordan
Majed Khalil Shami
doi: http://dx.doi.org/10.21511/bbs.14(1).2019.02
Banks and Bank Systems Volume 14, 2019 Issue #1 pp. 11-19 Views: 1726 Downloads: 302 TO CITE АНОТАЦІЯThe study aims at analyzing the relationship between financial performances and marketing practices in the banking sector of Jordan. A questionnaire was distributed to 45 top, middle, and branch level managers of 15 banks. The financial data was obtained from the financial statements and annual reports of the banks during the five-year period between 2011 and 2015. The three categories of participants, who were recruited, were top-level managers, middle-level managers and branch-level managers from 17 banks of Jordan. No two means were found to differ significantly at 0.05 level by means of Scheffe test. The results revealed that the more positive the perception was of the managers regarding the position of their banks in the market, the more they were inclined to choose an accurate target market in accomplishing their marketing objectives. Therefore, it has been concluded that when the financial needs of the customers were similar, the change in the loan-to-deposit ratio was significantly positive.
