Corporate Social Responsibility Practices: A Study on Foreign Commercial Banks in Bangladesh

Corporate Social Responsibility (CSR) is an important portion of an enterprise, bank or other industry. Corporate social responsibility increases the growth and success of a firm. Corporate Social Responsibility means responsibility for the people of the society about the country. The development of a society or a country happens only when the financial institutions like the bank of the country properly maintain their corporate social responsibility. Furthermore, there is a positive relationship between corporate social responsibility and customer perceptions towards the corporations. In our paper, we discussed the theoretical framework of the CSR. The theoretical framework includes bright sides of the CSR and limitations of the CSR. We also analyze 5 commercial banks Bank Al- Falah, Habib Bank Ltd., HSBC, Commercial Bank of Ceylon, and Standard Chartered Banks CSR contribution in corporate social responsibility. We compare their contribution in 2018 and 2019 year. We see that some areas of contribution decrease in 2019 as compared to 2018. There is no contribution to infrastructure development. At last, we recommend foreign commercial banks to increase CSR contribution in some specific areas. Keywords: Corporate Social Responsibility, Foreign Commercial Banks, Social Contribution, Welfare. DOI: 10.7176/EJBM/12-21-16 Publication date:July 31st 202

Spillovers of the COVID-19 Pandemic: Impact on Global Economic Activity, the Stock Market, and the Energy Sector

In this study, we examine the effect of the COVID-19 pandemic on global economic activity, the stock market, and the energy sector considering the sizable damaging impacts in these crucial aspects. Our results, based on the structural vector autoregression (SVAR) model for the data from 21 January 2020, to 26 February 2021, indicate that the COVID-19 cases significantly and negatively impact all the endogenous variables such as Baltic dry index (BDI), MSCI world index (MSCI), and MSCI world energy index (MSCIE). Our results also reveal that of the three variables, the stock markets indices (MSCI and MSCIE) are comparatively more affected by COVID-19 cases. The findings imply that the stock markets are more sensitive to the COVID-19 pandemic than the real economy. The results further indicate that of the three variables, the MSCIE index is the most affected by COVID-19 due to two factors: one is the dwindling power consumption caused by COVID-19 and the other is the decline in oil price because of the Russia–OPEC price war. Our findings enhance the understanding of the spillover impacts of the global health crisis on economic activity, the stock market, and the energy sector. Moreover, our study offers insights for policymakers and governments into the relationship dynamics of COVID-19 that would help them be more cautious in taking preventive measures against the health crisis to save the economy, the stock market, and the energy sector from falling into a more deepened crisis

Selection of cemented carbide turning tools using EMF and optimization criteria

Tool life and quality of surface finish of the workpiece influence production rate and production cost. Cemented carbide tools have found wide application in the production arena of Bangladesh. In the absence of any testing facility in the country for the selection of cost-effective tools, poor quality carbide tools are frequently imported. A testing method and a selection criteria were developed for testing carbide tools of different shapes and sizes and for selecting the most cost-effective tool. For each tool cutting tests were performed to generate tool life data under different cutting conditions. Mild steel served as the work material. The relationship between tool life and cutting speed was developed using a curve-fitting software on a PC. From these relationships the values of the constants of the Taylor’s equation were determined. The cost equation was then derived for each tool for a given amount of work in a cutting speed range. Finally, the most cost-effective tool was selected on the basis of the relative location of the cost curves of the tools tested

Enhancing genetic gain through the application of genomic selection in developing irrigated rice for the favorable ecosystem in Bangladesh

Increasing selection differential and decreasing cycle time, the rate of genetic improvement can be accelerated. Creating and capturing higher genetic with higher accuracy within the shortest possible time is the prerequisite for enhancing genetic gain for any trait. Comprehensive yield testing at multi-locations at early generations together with the shortest line fixation time can expedite the rapid recycling of parents in the breeding program through recurrent selection. Genomic selection is efficient in capturing high breeding value individuals taking additive genetic effects of all genes into account with and without extensive field testing, thus reducing breeding cycle time enhances genetic gain. In the Bangladesh Rice Research Institute, GS technology together with the trait-specific marker-assisted selection at the early generation of RGA-derived breeding lines showed a prediction accuracy of 0.454–0.701 with 0.989–2.623 relative efficiency over the four consecutive years of exercise. This study reports that the application of GS together with trait-specific MAS has expedited the yield improvement by 117 kg ha−1·year−1, which is around seven-fold larger than the baseline annual genetic gain and shortened the breeding cycle by around 1.5 years from the existing 4.5 years

The Effects of ESG Score on Goodwill : A Quantitative Study on Swedish Listed Companies

Sustainability of businesses, if not more, is equally important as profitability. As a means of measuring sustainability, the ESG score has solidified its acceptance among firms as well as other stakeholders all over the world. In the world of business, the only permanent thing is evaluation. Like sustainability, the paradigm has also been shifted from tangible to intangible assets like goodwill, patents, trademark, etc. In recent years, ESG as a sustainability performance evaluation system has drawn the attention of many academics and students as a topic of research. There have been many studies highlighting the relationship of firms’ sustainability performance with their economic outcomes and risks. However, no study has been conducted on the impact of ESG scores on goodwill. Our study evaluates the relationship between ESG scores and firms’ goodwill.Sweden is chosen as the research area which is the highest-ranked country in terms of sustainability in the years 2017 and 2018. There is a high probability of getting a dependable result where ESG is given proper importance. Rifinitiv datastream is used as the source of data for this study. We have considered the listed companies of OMX Stockholm 30 (except 4 banks) as a sample from the year 2010 to 2019. We have considered shareholder theory, stakeholder theory, legitimacy theory, goodwill, and merger and acquisition to analyze and interpret the underlying significance of our study. The result of our study shows that there is a significant negative impact of ESG score on gross goodwill/ total asset. Similar results have been found between the individual E, S, and G scores and gross goodwill/ total assets

The Effects of ESG Score on Goodwill : A Quantitative Study on Swedish Listed Companies

Sustainability of businesses, if not more, is equally important as profitability. As a means of measuring sustainability, the ESG score has solidified its acceptance among firms as well as other stakeholders all over the world. In the world of business, the only permanent thing is evaluation. Like sustainability, the paradigm has also been shifted from tangible to intangible assets like goodwill, patents, trademark, etc. In recent years, ESG as a sustainability performance evaluation system has drawn the attention of many academics and students as a topic of research. There have been many studies highlighting the relationship of firms’ sustainability performance with their economic outcomes and risks. However, no study has been conducted on the impact of ESG scores on goodwill. Our study evaluates the relationship between ESG scores and firms’ goodwill.Sweden is chosen as the research area which is the highest-ranked country in terms of sustainability in the years 2017 and 2018. There is a high probability of getting a dependable result where ESG is given proper importance. Rifinitiv datastream is used as the source of data for this study. We have considered the listed companies of OMX Stockholm 30 (except 4 banks) as a sample from the year 2010 to 2019. We have considered shareholder theory, stakeholder theory, legitimacy theory, goodwill, and merger and acquisition to analyze and interpret the underlying significance of our study. The result of our study shows that there is a significant negative impact of ESG score on gross goodwill/ total asset. Similar results have been found between the individual E, S, and G scores and gross goodwill/ total assets

The Effects of ESG Score on Goodwill : A Quantitative Study on Swedish Listed Companies

Sustainability of businesses, if not more, is equally important as profitability. As a means of measuring sustainability, the ESG score has solidified its acceptance among firms as well as other stakeholders all over the world. In the world of business, the only permanent thing is evaluation. Like sustainability, the paradigm has also been shifted from tangible to intangible assets like goodwill, patents, trademark, etc. In recent years, ESG as a sustainability performance evaluation system has drawn the attention of many academics and students as a topic of research. There have been many studies highlighting the relationship of firms’ sustainability performance with their economic outcomes and risks. However, no study has been conducted on the impact of ESG scores on goodwill. Our study evaluates the relationship between ESG scores and firms’ goodwill.Sweden is chosen as the research area which is the highest-ranked country in terms of sustainability in the years 2017 and 2018. There is a high probability of getting a dependable result where ESG is given proper importance. Rifinitiv datastream is used as the source of data for this study. We have considered the listed companies of OMX Stockholm 30 (except 4 banks) as a sample from the year 2010 to 2019. We have considered shareholder theory, stakeholder theory, legitimacy theory, goodwill, and merger and acquisition to analyze and interpret the underlying significance of our study. The result of our study shows that there is a significant negative impact of ESG score on gross goodwill/ total asset. Similar results have been found between the individual E, S, and G scores and gross goodwill/ total assets

Beyond the regulatory radar: knowledge and practices of rural medical practitioners in Bangladesh

Abstract Background Informal and unregulated rural medical practitioners (RMPs) provide healthcare services to about two-thirds of people in Bangladesh, although their service is assumed to be substandard by qualified providers. As the RMPs are embedded in the local community and provide low-cost services, their practice pattern demands investigation to identify the shortfalls and design effective strategies to ameliorate the service. Methods We conducted a cross-sectional study in 2015–16 using a convenient sample from all 64 districts of Bangladesh. Personnel practising modern medicine, without any recognized training, or with recognized training but practising outside their defined roles, and without any regulatory oversight were invited to take part in the study. Appropriateness of the diagnosis and the rationality of antibiotic and other drug use were measured as per the Integrated Management of Childhood Illness guideline. Results We invited 1004 RMPs, of whom 877 consented. Among them, 656 (74.8%) RMPs owned a drugstore, 706 (78.2%) had formal education below higher secondary level, and 844 (96.2%) had informal training outside regulatory oversight during or after induction into the profession. The most common diseases encountered by them were common cold, pneumonia, and diarrhoea. 583 (66.5%) RMPs did not dispense any antibiotic for common cold symptoms. 59 (6.7%) and 64 (7.3%) of them could identify all main symptoms of pneumonia and diarrhoea, respectively. In pneumonia, 28 (3.2%) RMPs dispensed amoxicillin as first-line treatment, 819 (93.4%) dispensed different antibiotics including ceftriaxone, 721 (82.2%) dispensed salbutamol, and 278 (31.7%) dispensed steroid. In diarrhoea, 824 (94.0%) RMPs dispensed antibiotic, 937 (95.4%) dispensed ORS, 709 (80.8%) dispensed antiprotozoal, and 15 (1.7%) refrained from dispensing antibiotic and antiprotozoal together. Conclusions Inappropriate diagnoses, irrational use of antibiotics and other drugs, and polypharmacy were observed in the practising pattern of RMPs. The government and other stakeholders should acknowledge them as crucial partners in the healthcare sector and consider ways to incorporate them into curative and preventive care

Feasibility and acceptability of home-based neonatal hyperbilirubinemia screening by community health workers using transcutaneous bilimeters in Bangladesh

Abstract Background Universal screening for neonatal hyperbilirubinemia risk assessment is recommended by the American Academy of Pediatrics to reduce related morbidity. In Bangladesh and in many low- and middle-income countries, there is no screening for neonatal hyperbilirubinemia. Furthermore, neonatal hyperbilirubinemia may not be recognized as a medically significant condition by caregivers and community members. We aimed to evaluate the acceptability and operational feasibility of community health worker (CHW)-led, home-based, non-invasive neonatal hyperbilirubinemia screening using a transcutaneous bilimeter in Shakhipur, a rural subdistrict in Bangladesh. Methods We employed a two-step process. In the formative phase, we conducted eight focus group discussions with parents and grandparents of infants and eight key informant interviews with public and private healthcare providers and managers to explore their current knowledge, perceptions, practices, and challenges regarding identification and management of neonatal hyperbilirubinemia. Next, we piloted a prenatal sensitization intervention and home-based screening by CHWs using transcutaneous bilimeters and evaluated the acceptability and operational feasibility of this approach through focus group discussions and key informant interviews with parents, grandparents and CHWs. Results Formative findings identified misconceptions regarding neonatal hyperbilirubinemia causes and health risks among caregivers in rural Bangladesh. CHWs were comfortable with adoption, maintenance and use of the device in routine home visits. Transcutaneous bilimeter-based screening was also widely accepted by caregivers and family members due to its noninvasive technique and immediate display of findings at home. Prenatal sensitization of caregivers and family members helped to create a supportive environment in the family and empowered mothers as primary caregivers. Conclusion Adopting household neonatal hyperbilirubinemia screening in the postnatal period by CHWs using a transcutaneous bilimeter is an acceptable approach by both CHWs and families and may increase rates of screening to prevent morbidity and mortality