Browsing by Author "Romzie Rosman, Ph.D"

The purpose of this study is to examine the impact of corporate social responsibility (CSR) disclosure on the financial performance of Islamic and conventional banks, where corporate tax payment is considered as a moderator between CSR-financial performance nexus. Prior studies on corporate social disclosure imply lower agency costs and higher corporate value. With a wider and diverse stakeholder interest, a more resilient financial performance with social responsibility is anticipated. CSR tax incentive structure is expected to enhance further the legitimacy of the disclosure within the socially constructed norms and values of the banking relationship. Hence, this study explores the CSR phenomenon and behaviour within the context of agency, stakeholder and legitimacy theories amongst the financial performance of both conventional and Islamic banks. This study adopts a quantitative archival study with panel regression models to test research hypotheses. It is conducted based on available data of a global sample of both conventional and Islamic banks comprising of 65 full-fledged Islamic banks from 22 countries and 233 conventional banks from 49 countries for the period from 2013 to 2018. The findings of this study show that CSR disclosures significantly impacted both Islamic and conventional banks’ financial performance. In addition, the corporate tax payment significantly moderates the relationship between CSR and Islamic and conventional banks performance. This study is limited to quantitative analysis and focused only banking industry, while qualitative studies and other institution are recommended for future research. Besides, this study considered only corporate tax payment, where zakat also required to explore. The findings of the study support the agency theory, stakeholder theory and legitimacy theory. Moreover, the findings of this study have several policy implications, and it is significant for the investors, regulators, policymakers and users of the bank's annual reports. The findings also benefit regulators in implementing the policy on CSR disclosures and related taxation incentives, which may enhance top management's accountability and maintain the sustainability of banks in the long run.

This study investigates the potential of waqf to address the escalating housing demand in Indonesia, with a focus on Jakarta, where homeownership rates fall below 50%. It introduces the Integrated Cash Waqf House Financing (ICWHF) Model as a conceptual framework to provide housing financial services in Jakarta. This model involves a Cash Waqf Institution (CWI) that raises funds through both direct cash contributions and Waqf Certificates. These funds are either invested to generate profit or directly allocated for housing development. Employing a mixed-method approach, including interviews and surveys, the research assesses the suitability, applicability, and future prospects of the ICWHF Model. Expert interviews revealed a favorable reception of the model, indicating its potential benefits for Jakarta’s residents. Survey data, analyzed through multiple regression and based on the Theory of Planned Behaviour (TPB), demonstrate that Jakarta residents' willingness to support the ICWHF Model is positively influenced by their attitudes, subjective norms, perceived behavioral control, knowledge, and trustworthiness. The most significant predictors, in order of influence, are perceived behavioral control, subjective norms, trustworthiness, knowledge, and attitude. The study highlights the feasibility and acceptance of the ICWHF Model as a viable solution for Jakarta’s housing finance issues, offering an alternative to conventional interest based loans by adhering to Islamic financial principles. It addresses key challenges such as high interest rates and stringent requirements, thereby enhancing accessibility to home financing. For policymakers, the model provides a framework to improve corporate social responsibility, reduce housing development costs, and support broader homeownership goals. Future research should refine the model, address identified challenges, and improve public awareness to ensure its effective implementation and sustainability.

Waqf reporting environment and practices have attracted attention due to increasing number of waqf resources in the growing waqf initiatives for both traditional and contemporary waqf assets. The pressing demands for greater accountability and better performance of the utilization of waqf assets and properties in Malaysia necessitates an implementation of a strong financial management system in State Islamic Religious Council (SIRC) institutions. This study aims to assess quality reporting disclosures of the SIRC by explaining how the quality of the reporting can be influenced to engage with the performance of waqf resources. This study employs legitimacy theory and stewardship theory as a basis. For the methodological choice, this study adopted mixed method research design. In mixed methods research, quantitative and qualitative techniques are combined in a sequential forms. To be more specific, this study adopted sequential exploratory research design by adopting the qualitative approach and then followed by quantitative approach. This study covers seven SIRC Institution from 2010 to 2019. This study employs Static Panel data for regression analysis to determine the impact of Waqf Reporting Disclosure Index (WRDI) on SIRC institution and Waqf resource performance. The finding indicates that Majlis Agama Islam Wilayah Persekutuan (MAIWIP) leading the score in WRDI both in Quantitative reporting disclosure index items and Qualitative reporting disclosure index items. Overall, most of the SIRC institutions have disclose more than 50 percent of the item indicator which is regarded as good practice. The findings of this study will help the SIRC Institution to develop guideline in reporting information disclosure and presentation of the annual report as well as financial statements. Indirectly it will enhance the comparability among SIRC Institution in their reporting presentation. Other that, SIRC Waqf institutions would be able to gain the trust of the waqif or donors by being transparent and disclose important information needed by them. Thus, by being transparency, the quality information disclosure will be able to delivered to the user.