AIUB Journal of Business and Economics http://116.206.57.42/index.php/ajbe <p>AIUB Journal of Business and Economics [AJBE] is a publication of the Faculty of Business Administration and the Faculty of Arts and Social Sciences, American International University-Bangladesh [AIUB]. This journal publishes original, empirical and innovative materials in functional and support areas of business and economics. It is primarily devoted to the extension and further development and dissemination of knowledge in the field of business and economics for the benefit of academics as well as practicing enterprise managers.</p> <p>ISSN (PRINT) 1683-8742 &amp; </p> <p>ISSN (ONLINE)2706-7076</p> <p>Article processing charges (For Authors) : Free</p> en-US rezbinn@aiub.edu (Dr. Rezbin Nahar) mehzab.nahid@aiub.edu (Mehzabul Hoque Nahid) Sat, 04 May 2024 19:16:24 +0000 OJS 3.3.0.7 http://blogs.law.harvard.edu/tech/rss 60 A Critical Analysis of Global Sustainable Supply Chain Management in the RMG Sector and the Significance of Empowering Female Labor http://116.206.57.42/index.php/ajbe/article/view/ajbe202 <p><strong>Abstract</strong></p> <p><strong>Purpose of the study:</strong> Sustainability has been extensively studied for its importance to long-term economic progress, achievement, and wealth. However, the social side of sustainability, particularly female labor and textile industry empowerment, has received little emphasis. This research paper examines the impact of RMG multinational corporations (MNCs) on the empowerment or exploitation of female workers inside the factory settings of global supply chains.</p> <p><strong>Methodology:</strong>&nbsp; The approach of critical discourse analysis is used to evaluate the findings from different textile MNCs and examine the issues of empowerment and sustainability.</p> <p><strong>Findings: </strong>This study finds the fundamental behaviors that contribute to the marginalization and exploitation of female employees within global corporate supply chains. Consequently, it highlights the necessity of investigating potential avenues explore the possibilities for genuine empowerment.</p> <p><strong>Implication</strong>s: This study presents a policy framework that elucidates how various stakeholders can collectively pledge to ensure enduring empowerment for women. Additionally, the paper also recommends how fashion MNCs might establish sustainable supply chains, thereby fostering a mutually beneficial outcome.</p> <p><strong>Limitations: </strong>The paper requires further information and empirical data necessary to enhance the comprehensive understanding of genuine empowerment in the context of involving oppressed women in the global supply chains as subjects.</p> Zahin Syed, Zinia Zahin Copyright (c) 2024 AIUB Journal of Business and Economics https://creativecommons.org/licenses/by-nc/4.0 http://116.206.57.42/index.php/ajbe/article/view/ajbe202 Sun, 31 Dec 2023 00:00:00 +0000 Application of the CAPM on the DS30 Index: A time series and cross-sectional approach to examine the risk and return paradigm for blue-chip stocks listed within the Dhaka Stock Exchange http://116.206.57.42/index.php/ajbe/article/view/ajbe202-1 <p>In the following study, an examination of the risk-return paradigm is visited upon once again in association with the Capital Asset Pricing Model (CAPM) structure and the Dhaka Stock Exchange (DSE). Sharpe (1964) and Lintner (1965) introduced the concept to single out the relationship between a company’s expected return in association to its systematic risk. The purpose was to examine if the CAPM when applied to the DSE context could be used to predict the expected returns given their systematic risk factored in. 42 such companies excluding the financial stocks that appeared within the DS30 blue-chip index over the period 2016 until 31st December 2019 were used as our primary data points. Prior to examining the risk-return tradeoff for the sample of individual stocks under consideration, we converted the daily price data into monthly formats and all the other factors were converted into monthly terms using the same technique. we applied Omran’s (2007) two stage regression model on to the basic version of the CAPM.</p> <p>&nbsp;</p> <p>Going in line with textbook definitions, “empirical analysis utilizing the CAPM for individual companies/ stocks, the intercept term was observed to be significantly different from zero and the slope was not equal to the excess return obtained from the market portfolio”. The results of the study nullify our hypothesis and provide evidence against the use of the CAPM yielding conclusive evidence that the CAPM is not suitable to analyze risk-return probabilities for individual companies within the DSE.<br><br><br></p> Sayeed Ibrahim Ahmed Copyright (c) 2024 AIUB Journal of Business and Economics https://creativecommons.org/licenses/by-nc/4.0 http://116.206.57.42/index.php/ajbe/article/view/ajbe202-1 Sun, 31 Dec 2023 00:00:00 +0000 Bhitargarh: A Catalyst for Living Archaeological Park in Bangladesh http://116.206.57.42/index.php/ajbe/article/view/117 <p>The qualitative study aims to explore how community archaeology can be utilized to introduce the potential scopes of living archaeological park at the largest fortified settlement in Bangladesh. Open ended questionnaire was used to collect the data from the interview session with the team leader of the archaeological investigation and excavation at Bhitargarh, The study outcome reveals that the archaeological heritage tourism can be introduced at Bhitargarh as a form of living archaeological park in Bangladesh. It is found that the archaeological (tangible heritage such as archaeological relics and excavated materials) and cultural (intangible heritage such as festival, events and traditions) resources can be preserved by the community archaeology at Bhitargarh. &nbsp;The findings of the study implores that the community archaeology of Bhitargarh can be empowered by the active community engagement in tourism planning, decision-making and tour operation. It is suggested that the patronization of the community archaeology at Bhitargarh can be exhibited as a model for future archaeological investigation and excavation for the purpose of archaeological heritage preservation and archaeological heritage tourism in Bangladesh.</p> Manzuma Sharmin Munne Copyright (c) 2024 AIUB Journal of Business and Economics https://creativecommons.org/licenses/by-nc/4.0 http://116.206.57.42/index.php/ajbe/article/view/117 Sat, 30 Dec 2023 00:00:00 +0000 Is Economic Value Added (EVA) or Net Profit a Better Predictor of Commercial Banks’ Performance: A Study on Dhaka Stock Exchange http://116.206.57.42/index.php/ajbe/article/view/204 <p><em>This article assesses the relationship between Economic Value Added i.e. EVA and Net Profit with Market Value Added i.e. MVA for banking industry of Bangladesh. Data was collected from annual reports of 23 Dhaka Stock Exchange (DSE) enlisted commercial banks over the period of 2010-2019. Years 2020 and 2021 were not considered to avoid any possible distortion due to COVID pandemic. To analyze the data, correlation analysis, Pooled OLS model and simple regression were used. Results show that 19 banks display a positive relationship between EVA and MVA, but results of the Pooled Regression analysis contradict the findings and suggest that EVA and MVA don't show any statistically significant relationship. Net profit showed positive relationship with MVA and the relationship is statistically significant at 5% level of significance. The results of simple regression analysis also show that compared to EVA, Net Profit better explains the variations in MVA. We conclude that for the commercial banks listed in Dhaka Stock Exchange (DSE), value-based performance measure like EVA doesn’t show strong association with MVA while a traditional performance measure like Net Profit demonstrates a positive relationship with MVA. So, Net Profit is more reliable than EVA while explaining the shareholders’ value creation.</em></p> A. T. M. Jakaria Khan, Avijit Mallik, Tasneema Afrin Copyright (c) 2024 AIUB Journal of Business and Economics https://creativecommons.org/licenses/by-nc/4.0 http://116.206.57.42/index.php/ajbe/article/view/204 Sat, 30 Dec 2023 00:00:00 +0000