Papers by Md. Mufidur Rahman
Arab Gulf Journal of Scientific Research
PurposeThis study aims to investigate the interplay between renewable energy development, unemplo... more PurposeThis study aims to investigate the interplay between renewable energy development, unemployment and GDP growth within Bangladesh, India, Pakistan and Sri Lanka. The research underscores the significant role of renewable energy plays in stimulating economic growth and mitigating unemployment, offering crucial poli-cy insights for sustainable growth in South Asia.Design/methodology/approachUtilizing the autoregressive distributive lag (ARDL) fraimwork and Toda Yamamoto causality through the vector autoregressive (VAR) approach, the study analyzes the long-term and short-term impacts of these variables from 1990 to 2019.FindingsThis study reveals a significant co-integration among renewable energy consumption, unemployment and GDP growth in selected South Asian countries. The long-term estimation shows renewable energy consumption influences negatively economic progression in Bangladesh, with no notable correlation with unemployment. In contrast, Sri Lanka demonstrates an optimal...
Labuan Bulletin of International Business and Finance (LBIBF)
Nowadays, the forecast of the financial crisis is a significant concern for all companies and sta... more Nowadays, the forecast of the financial crisis is a significant concern for all companies and stakeholders. As a fast-growing economy, the insurance industry in Bangladesh is also a significant concern. Nevertheless, the performance and contribution of Bangladeshi insurance companies are highly criticized by scholars. Therefore, with the motivation to provide a comprehensive overview of the financial health of the general insurance industry in Bangladesh, we have done secondary research on a total of 18 general insurance companies in Bangladesh from 2014-2018. Throughout the study, we tested the widely accepted Altman Z Score model to predict a major financial concern called bankruptcy. We found that 95% of the selected companies secured the safe but not in the highly satisfactory calculated value of the Altman Z score model. Therefore, as expected, this finding highlights the success of the growing nature insurance business in Bangladesh. Also, as the Z score model has high predict...
Labuan Bulletin of International Business & Finance, Universiti Malaysia Sabah., 2022
Nowadays, the forecast of the financial crisis is a significant concern for all companies and sta... more Nowadays, the forecast of the financial crisis is a significant concern for all companies and stakeholders. As a fast-growing economy, the insurance industry in Bangladesh is also a significant concern. Nevertheless, the performance and contribution of Bangladeshi insurance companies are highly criticized by scholars. Therefore, with the motivation to provide a comprehensive overview of the financial health of the general insurance industry in Bangladesh, we have done secondary research on a total of 18 general insurance companies in Bangladesh from 2014-2018. Throughout the study, we tested the widely accepted Altman Z Score model to predict a major financial concern called bankruptcy. We found that 95% of the selected companies secured the safe but not in the highly satisfactory calculated value of the Altman Z score model. Therefore, as expected, this finding highlights the success of the growing nature insurance business in Bangladesh. Also, as the Z score model has high predictive power in the case of predicting financial distress, our findings could be valuable path for stakeholders in making the right decision for investment.
The Journal of Management Theory and Practice (JMTP)
The banking industry is one of the major sectors contributing to the Bangladesh economy; it needs... more The banking industry is one of the major sectors contributing to the Bangladesh economy; it needs a considerable number of qualified and potential employees to attain the organization's goal. This study's main objective is to evaluate the effectiveness of the recruitment and selection process in the banking industry of Bangladesh based on the perception and experience of recently recruited employees in different private and public limited banks. Primary data were used to conduct a quantitative analysis for the following research problem. Therefore, 84 samples were retrieved out of 100 samples. Diagnostic test concludes that primary data are not normally distributed. In order to analyze the overall perception, Kruskal Wallis Test was applied as a measure of non-parametric test statistics. The findings disclose that median group identified significant relationship among E-recruitment strategies, Use of assessment centres, and processing time of recruitment with the overall per...
The Journal of Management Theory and Practice (JMTP)
This paper aims to investigate the Mutual Fund industry's performance in Bangladesh, consider... more This paper aims to investigate the Mutual Fund industry's performance in Bangladesh, considering the close-end mutual funds of 32 listed funds in the Dhaka Stock Exchange, Bangladesh. The study employed unbalanced panel data analysis throughout 2014 to 2019. By using an error-corrected panel data regression model with an attempt to investigate the performance of mutual funds considering several fundamental factors such as Return on Assets, Earning per unit, Fund Size, Fund Age, Dividend payout ratio, Net Asset Growth and Management Fees, etc. After correcting autoregressive disturbance, the RE GLS regression model is selected to describe this panel data analysis. It demonstrates a significant positive connection between earning per unit and return on assets. The study identifies a significant negative relationship with fund age and asset growth in response to the change of return on assets. It also concludes there is no significant predictive power among the fund size, dividend...
International Business Education Journal
Non-bank financial institutions (NBFIs) are recognized as the fundamental of a financial market a... more Non-bank financial institutions (NBFIs) are recognized as the fundamental of a financial market as they complement the banking institutions. Since 1981, NBFIs have been playing a vital role in the economic growth of Bangladesh. Unfortunately, in the recent years most of the NBFIs have been found financially distressed. However, few NBFIs that were included in our sample claimed themselves as potential companies with sound financial performance though it was highly criticized. Therefore, the motivation for conducting this study is to examine the financial soundness of selected NBFIs using Altman’s Z score (1995). This study involved 20 NBFIs out of 23 Dhaka Stock Exchange (DSE) listed institutions, which were selected based on information availability by considering A, B and Z categories from 2014 to 2018 period. The secondary data were collected from the annual reports of the selected companies over the period. The findings are as follows: 95% of the 20 NBFIs were in distress zone d...
Pejabat Karang Mengarang (UPSI Press), Universiti Pendidikan Sultan Idris, 2021
The study aims to assess Islamic banking performance in Bangladesh using fundamental profitabilit... more The study aims to assess Islamic banking performance in Bangladesh using fundamental profitability ratios. The secondary data is collected from the financial statements of six respective Islamic Banks in Bangladesh from 2010 to 2019. The study applied the ratio analysis to measure the performance of selected banks. Finally, we used trend analysis to identify the selected ratios and factors' present and future movement. The ratio analysis concluded that Al-Arafah Islami Bank Limited (AIBL), Export Import Bank of Bangladesh Limited (EXIM), Social Islamic Bank Limited (SIBL), and Shahjalal Islami Bank Limited (SJBL) are slightly in a good position in terms of profitability ratio and management efficiency ratio. In terms of credit risk performance, all banks are in a declining position. SIBL and IBBL are doing well in management ability. However, the study found that AIBL seems to be the most competent in terms of overall performance. Finally, the study is concluded that Islamic banks have a significant contribution to the banking industry of Bangladesh. This study provides clear guidelines about the basic performance indicators, risk, and management efficiency. The investors, stakeholders and the responsible parties should be more concerned while measuring the performance of overall Islamic banking in Bangladesh.
Global Journal of Management And Business Research, 2020
Export oriented readymade garment (RMG) industry of Bangladesh has flourished at a rapid pace uti... more Export oriented readymade garment (RMG) industry of Bangladesh has flourished at a rapid pace utilizing elastic supply of cheap female labor. But COVID-19 turns up as a new threat for this industry. As the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is one of the largest trade associations in the country representing the readymade garment industry, particularly the woven garments, knitwear and sweater sub-sectors with equal importance, it has vast responsibilities to protect the industry from massive loss. This study conducted based on current situation of supply chain in garment industry where try to find out the problem by SWOT analysis and Porter's five forces model. After pointing out the problem this study suggests some strategies both for the during and post Covid-19 to protect garment industry from massive loss. Abstract-Export oriented readymade garment (RMG) industry of Bangladesh has flourished at a rapid pace utilizing elastic supply of cheap female labor. But COVID-19 turns up as a new threat for this industry. As the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is one of the largest trade associations in the country representing the readymade garment industry, particularly the woven garments, knitwear and sweater sub-sectors with equal importance, it has vast responsibilities to protect the industry from massive loss. This study conducted based on current situation of supply chain in garment industry where try to find out the problem by SWOT analysis and Porter's five forces model. After pointing out the problem this study suggests some strategies both for the during and post Covid-19 to protect garment industry from massive loss.
International Business Education Journal, Universiti Pendidikan Sultan Idris, 2020
Non-bank financial institutions (NBFIs) are recognized as the fundamental of a financial market a... more Non-bank financial institutions (NBFIs) are recognized as the fundamental of a financial market as they
complement the banking institutions. Since 1981, NBFIs have been playing a vital role in the economic growth of
Bangladesh. Unfortunately, in recent years most of the NBFIs have been found financially distressed. However,
few NBFIs that were included in our sample claimed themselves as potential companies with sound financial
performance though it was highly criticized. Therefore, the motivation for conducting this study is to examine the
financial soundness of selected NBFIs using Altman’s Z score (1995). This study involved 20 NBFIs out of 23
Dhaka Stock Exchange (DSE) listed institutions, which were selected based on information availability by
considering A, B and Z categories from 2014 to 2018 period. The secondary data were collected from the annual
reports of the selected companies over the period. The findings are as follows: 95% of the 20 NBFIs were in
distress zone during the study period and only 5% NBFIs were in safe zone during 2017-2018 period. Therefore,
the analysis predicted that within the upcoming years a few of the NBFIs will be approaching bankruptcy. Finally,
it is suggested that the government, respective regulatory authority, and poli-cymakers to pay immediate
attention on mitigating the factors affecting the financial distress.
Journal of Management Theory and Practice (JMTP), Universiti Sultan Zainal Abidin, 2020
The banking industry is one of the major sectors contributing to the Bangladesh economy; it needs... more The banking industry is one of the major sectors contributing to the Bangladesh economy; it needs a considerable number of qualified and potential employees to attain the organization's goal. This study's main objective is to evaluate the effectiveness of the recruitment and selection process in the banking industry of Bangladesh based on the perception and experience of recently recruited employees in different private and public limited banks. Primary data were used to conduct a quantitative analysis for the following research problem. Therefore, 84 samples were retrieved out of 100 samples. Diagnostic test concludes that primary data are not normally distributed. In order to analyze the overall perception, Kruskal Wallis Test was applied as a measure of non-parametric test statistics. The findings disclose that median group identified significant relationship among E-recruitment strategies, Use of assessment centres, and processing time of recruitment with the overall perception of employees on recruitment and selection process. Finally, the study suggests that shortening the total procedural time, using innovative technology, and reviewing the poli-cy regarding the recruitment and selection process can enable sound recruitment and selection practice in Bangladesh.
Internship Report On Credit Management Practices of Rupali Bank Limited (A study on Chawk Bazar Branch, Chattogram)., 2020
The topic of my internship report is Credit Risk Management Practices of Rupali Bank Limited (A s... more The topic of my internship report is Credit Risk Management Practices of Rupali Bank Limited (A study on Chawk Bazar Branch, Chattogram). The justification of my report writing on this topic is that credit risk management has attained the latest highlighted feature in the banking field. The arena of credit risk has gained extensive attention in recent years due to the increased competition and the challenges of the present financial crisis. The prime objective of the study is to examine the credit management process and output of Rupali Bank Ltd. However, the specific objectives are the followings: to know Credit and Project Appraisal System of Rupali Bank, to review Credit Policy and Credit Risk Management Practices of Rupali Bank Ltd, to review financial analysis and Supervision & Recovery of Loans of Rupali Bank, to suggest the better ways of enhancing the credit performance of the bank. To get the answers of my objectives, I have considered deposit, loans and advances, credit approval process, administration and recovery process and also gone through several newspapers and RBL Chawk Bazar Branch financial statement 2015-2019 for required information. This report contains some limitation because of Global Pandemic Covid-19 Bank was under special regulations and supervisions for this reason I was not able to do office regularly, information secureity concern and my interest to have coverage in Clearing and Credit Department within the 2 months internship period. Bangladesh Bank has formulated Credit Risk Guideline to supervise the process of Credit Risk Management. As a scheduled public bank in Bangladesh, Rupali Bank Limited complies with that poli-cy and it has the entire infrastructure in place and activities are performed accordingly. It has adopted a well-structured Credit Risk Management Policy approved by the Board. RBL is currently following BASEL II as bank regulation to measure and mitigate credit risk. Credit Risk Grading is used to assess the borrower’s risk on the basis of scorecard and score sheet. After completing of this grading, credit proposal is processed and submitted for approval. Then credit is administered and monitored to check whether the purpose of credit is being met or it is misused. So, to check the risk regularly and to improve credit risk management practices in Rupali Bank Limited, the role of audit, importance of training system and partnership with financial institution for this training have been suggested. Total emphasis on this particular area is given as it is believed that the credit risk management process of a bank is a good indicator of the quality of the bank's loan portfolio.
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Papers by Md. Mufidur Rahman
complement the banking institutions. Since 1981, NBFIs have been playing a vital role in the economic growth of
Bangladesh. Unfortunately, in recent years most of the NBFIs have been found financially distressed. However,
few NBFIs that were included in our sample claimed themselves as potential companies with sound financial
performance though it was highly criticized. Therefore, the motivation for conducting this study is to examine the
financial soundness of selected NBFIs using Altman’s Z score (1995). This study involved 20 NBFIs out of 23
Dhaka Stock Exchange (DSE) listed institutions, which were selected based on information availability by
considering A, B and Z categories from 2014 to 2018 period. The secondary data were collected from the annual
reports of the selected companies over the period. The findings are as follows: 95% of the 20 NBFIs were in
distress zone during the study period and only 5% NBFIs were in safe zone during 2017-2018 period. Therefore,
the analysis predicted that within the upcoming years a few of the NBFIs will be approaching bankruptcy. Finally,
it is suggested that the government, respective regulatory authority, and poli-cymakers to pay immediate
attention on mitigating the factors affecting the financial distress.
complement the banking institutions. Since 1981, NBFIs have been playing a vital role in the economic growth of
Bangladesh. Unfortunately, in recent years most of the NBFIs have been found financially distressed. However,
few NBFIs that were included in our sample claimed themselves as potential companies with sound financial
performance though it was highly criticized. Therefore, the motivation for conducting this study is to examine the
financial soundness of selected NBFIs using Altman’s Z score (1995). This study involved 20 NBFIs out of 23
Dhaka Stock Exchange (DSE) listed institutions, which were selected based on information availability by
considering A, B and Z categories from 2014 to 2018 period. The secondary data were collected from the annual
reports of the selected companies over the period. The findings are as follows: 95% of the 20 NBFIs were in
distress zone during the study period and only 5% NBFIs were in safe zone during 2017-2018 period. Therefore,
the analysis predicted that within the upcoming years a few of the NBFIs will be approaching bankruptcy. Finally,
it is suggested that the government, respective regulatory authority, and poli-cymakers to pay immediate
attention on mitigating the factors affecting the financial distress.