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Research Article
Effective Management of Provincial Pension Liability
Aqsa Ghazi*
,
Umar Farooq Salamat
Issue:
Volume 13, Issue 1, February 2025
Pages:
1-13
Received:
19 September 2024
Accepted:
19 December 2024
Published:
24 January 2025
Abstract: Pension expenditures have become a critical fiscal challenge for the Government of Punjab, surging to Rs. 312 billion in the fiscal year 2022-23. The accrued pension liability now stands at Rs. 6.5 trillion, significantly constraining the government's capacity for current and development expenditures. This study explores the existing regulatory framework for pension liability management and proposes actionable solutions based on global best practices. Through a comprehensive methodology that includes literature reviews, data analysis, comparative studies of national and international practices, and stakeholder interviews, the research highlights alarming trends: a 300% increase in government revenues over the past decade, contrasted with a staggering 650% rise in pension costs. Key contributors to this fiscal burden include the Defined Benefit pension scheme, regularization of temporary employees, and adverse judicial rulings. To address these challenges, the study recommends transitioning to a contributory pension scheme, reducing commutation rates, aligning pensionable pay with basic pay, indexing pension increases, and leveraging biometric verification systems. Additionally, amendments to the Civil Servants Act and better management of the Punjab Pension Fund are proposed to ensure fiscal sustainability. These measures aim to mitigate the growing financial strain, ensuring long-term stability and efficient pension liability management for the Government of Punjab.
Abstract: Pension expenditures have become a critical fiscal challenge for the Government of Punjab, surging to Rs. 312 billion in the fiscal year 2022-23. The accrued pension liability now stands at Rs. 6.5 trillion, significantly constraining the government's capacity for current and development expenditures. This study explores the existing regulatory fra...
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Research Article
Impact of Money Market on the Liquidity of Some Selected Quoted Banks in Nigeria
Jude Idemudia Okoh,
Isibor Areghan*,
Olokoyo Felicia,
Ehikioya Benjamin,
Adegboye Folasade,
Adesina Tolulope,
Taiwo Omoyin
Issue:
Volume 13, Issue 1, February 2025
Pages:
14-28
Received:
13 November 2024
Accepted:
23 November 2024
Published:
10 February 2025
Abstract: The issue of bank failure due to low level of liquidity has been an age-long challenge bedeviling the Nigerian banking sector. Hence, this study examined the linkage between money market and the liquidity of some selected quoted banks in Nigeria. Specifically, the study assessed the impact of deposit money banks’ working capital on savings deposits in Nigeria, and it also investigated how the interbank call rate influences monetary policy rate in Nigeria. The research used secondary data from 2014 till 2023 of five (5) selected banks including First Bank PLC, Guaranteed Trust Bank, Zenith Bank, United Bank for Africa PLC, and Access Bank PLC for its analyses. Findings showed that, first, there was a significant and positive relationship between savings deposit rates and working capital, and secondly, monetary policy rate does not have a statistically significant impact on the interbank call rate. The study thus recommended that as savings deposit rates significantly influence working capital, policymakers should focus on mechanisms that stabilize these rates to ensure consistent liquidity conditions. The study further recommended that understanding the differential impact of various financial indicators on bank liquidity can help policymakers design more targeted and effective monetary policies. For instance, if savings deposit rates significantly influence working capital, policymakers should focus on mechanisms that stabilize these rates to ensure consistent liquidity conditions.
Abstract: The issue of bank failure due to low level of liquidity has been an age-long challenge bedeviling the Nigerian banking sector. Hence, this study examined the linkage between money market and the liquidity of some selected quoted banks in Nigeria. Specifically, the study assessed the impact of deposit money banks’ working capital on savings deposits...
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Research Article
The Rise of Hybrid Banking: A Banking Challenge Solution to Adopt
Fahad Zeya,
Nargis Sultana*
Issue:
Volume 13, Issue 1, February 2025
Pages:
29-43
Received:
1 January 2025
Accepted:
20 January 2025
Published:
24 February 2025
Abstract: The main theme of this paper is to present a new banking solution named Hybrid Banking to meet the generational demand in Bangladesh. Multiple aspects have been highlighted which minimizes the challenges encountered by banks in Bangladesh from the perspective of two generation. A sample of 227 has been communicated for the purpose of data collection. Three categories of respondents have been included with the involvement of two divisions. SPSS Statistics 25 has been applied for the purpose of Analysis. Several correlations and Plum Ordinal Model have been used along with the consideration of reliability statistics and regression. The ultimate finding is that hybrid banking is a feasible solution to meet the necessity of digitalization as well as the necessity of visiting branches in person by a particular generation. It can be a feasible way of combining the generational demand by providing a platform for execution. Striking a balance between upholding a limited number of physical branches and developing e-banking services is highly valued by customers across several generations. Reducing certain branches while developing digital services may save substantial time for customers. Expanded e-banking (electronic banking) facilities also produce opportunities for employees to work distantly, encouraging springiness. Additionally, the connected nature of protection and time savings focuses on the dual benefits of digitalization. Nonetheless, for the older generation, a sense of safety continues to drive their preference for visiting physical branches, underscoring the importance of maintaining tailored services for this segment.
Abstract: The main theme of this paper is to present a new banking solution named Hybrid Banking to meet the generational demand in Bangladesh. Multiple aspects have been highlighted which minimizes the challenges encountered by banks in Bangladesh from the perspective of two generation. A sample of 227 has been communicated for the purpose of data collectio...
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Research Article
The Influence of Green Accounting on Company Value (Case Study of Companies Winning Asia Sustainability Reporting Awards 2023)
Septiana Rizky,
Eddy Winarso*
Issue:
Volume 13, Issue 1, February 2025
Pages:
44-63
Received:
1 February 2025
Accepted:
22 February 2025
Published:
26 February 2025
Abstract: This research aims to analyze and test the influence of green accounting on company value. Green accounting is measured by energy use, water consumption, and emissions. Company value is calculated using Return on Assets (ROA). The research made use of secondary sources such as financial statements and sustainability reports utilizing the exploratory quantitative approach. The population is the company that won the 2023 Asia Sustainability Reporting Awards, consisting of 30 companies. By using the purposive sampling technique, 13 sample data were obtained for this research. The data analysis technique used is Multiple Linear Regression. The research results show that partial energy use has no significant effect on company value, partial water consumption has a significant effect on company value, and partial emissions have no significant effect on company value. Simultaneously, energy use, water consumption, and the resulting emissions influence company value. This study presents several findings that highlight the effect of green accounting on increasing firm value in the 2023 Asia Sustainability Reporting Awards winning companies. These results are expected to make a positive contribution to stakeholders and influence the formulation of policies related to financial information that is relevant to these stakeholders.
Abstract: This research aims to analyze and test the influence of green accounting on company value. Green accounting is measured by energy use, water consumption, and emissions. Company value is calculated using Return on Assets (ROA). The research made use of secondary sources such as financial statements and sustainability reports utilizing the explorator...
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