How does human capital efficiency impact credit risk?: the case of commercial banks in the GCC

Hasnaoui, Jamila Abaidi; Hasnaoui, Amir

doi:10.1108/jrf-04-2022-0083

Cited by 14 publications

(3 citation statements)

References 63 publications

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“…By applying the VAIC methodology, the value of HCE is calculated, which indicates how efficiently the firm uses human resources. Firms aim to increase the effective utilization of human capital because this will ensure higher value creation for the firm (Hasnaoui, Hasnaoui, 2022). The VAIC methodology was established by Pulić ( 2004).…”

Section: Methodsmentioning

confidence: 99%

Managing Employee Performance in the Agricultural Sector: Importance of Human Capital Development

Ognjanović

Slavković

Bugarčić

2023

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Contemporary business conditions, the global food crisis, and the post-epidemic recession have led agricultural firms to reconsider human capital’s role in the overall business. Previous research points to the problem of low efficiency in the use of resources in the agricultural sector when it comes to investment and development of human capital. The aim of the study is to analyze the contribution of human capital to employee performance in agricultural firms in Serbia. Human capital is observed through human capital efficiency (HCE). Employee performance is observed through value-added per employee, net profit per employee, operating revenue per employee, and labor productivity. VAIC methodology for calculating HCE was applied in the paper. The sample includes 177 active agricultural firms that operated in Serbia in 2021. Based on the results, it can be concluded that HCE positively contributes to the observed employee performance, except in the case of value-added per employee.

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Section: Methodsmentioning

confidence: 99%

Managing Employee Performance in the Agricultural Sector: Importance of Human Capital Development

Ognjanović

Slavković

Bugarčić

2023

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“…(4) The third attribute a preponderant role to the commitment and determination of the entrepreneur and his perseverance (Shane et al, 2003;Hasnaoui and Hasnaoui, 2022).…”

Section: Main Approaches Of Smes Failurementioning

confidence: 99%

“…Thus, failure is materialized by economic symptoms, financial crisis, negative profitability, and even insolvency.The third attribute a preponderant role to the commitment and determination of the entrepreneur and his perseverance (Shane et al. , 2003; Hasnaoui and Hasnaoui, 2022). It is for this reason that some entrepreneurs abandon start-ups despite the availability of resources while others persist even with a lack of sufficient resources (Khelil, 2016).…”

Section: Choice Of Capital Structure and Smes Failurementioning

confidence: 99%

Capital structure and default risk of small and medium enterprises: evidence from Algeria

Baha

Levy

Hasnaoui

2023

JRF

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PurposeThis study examines the existence of a causal relationship between the capital structure at the creation of the small and medium-sized enterprise (SME) and its viability after 3 years.Design/methodology/approachThe empirical strategy consists of proceeding in two stages: first, the use of the Logit model to regress the studied variable reflecting the state of an SME of being in default or not, on the variables likely to significantly explain its default risk. Second, the authors investigate the existence of a relationship between the capital structure at the time of SME creation and viability. The obtained results are analyzed to confirm the initial hypothesis.FindingsThe results obtained indicate that the Logit model performs well in terms of discriminating and classifying SMEs. These findings are consistent with previous studies and support their conclusions regarding the model's strong classification capability. Furthermore, the model demonstrates a noteworthy classification rate of 90% for capital SMEs, specifically joint-stock companies (SpA). Out of the 10 observed SMEs, 8 nonfailing SMEs were still operational three years after the observation period, resulting in a survival rate of 80%.Practical implicationsThe results allow bankers to better understand the main determinants of SME default risk and demonstrate the existence of a causal relationship between the capital structure of an SME and its viability. This study is conducted in the construction, public works, and hydraulics sector (second largest sector in Algeria after the services sector). In future works, the authors try to extend the results of this study to other sectors of activity.Originality/valueThe richness of the established Logit model is to consider both financial and non-financial and qualitative variables. Although the qualitative variables are not statistically significant in the results obtained, the authors used the “Legal form” variable to demonstrate the existence of a causal relationship between the capital structure of an SME and its viability.

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Intellectual capital, borrowers' default risk, and digitalization: Allies or adversaries?

Khanchel,

Lassoued,

Hamed

2024

Strategic Change

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This study examines the effect of intellectual capital (IC) on borrowers' default risk, both directly and indirectly, through digitalization in MENA banks. The findings show a negative relationship between IC and borrowers' default risk. Moreover, digitalization partially mediates this relationship. Specifically, the human and structural components of IC reduce borrowers' default risk, whereas the relational capital component increases it. However, the capital employed component shows no significant effect on default risk. A partial mediation effect is observed for the human and structural components, while a complete mediation effect is identified for the relational component. The results reaffirm the direct relationship between IC and default risk for Conventional and Islamic banks. However, the indirect relationship, mediated by digitalization, is evident only for conventional banks.

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How does human capital efficiency impact credit risk?: the case of commercial banks in the GCC

Cited by 14 publications

References 63 publications

Managing Employee Performance in the Agricultural Sector: Importance of Human Capital Development

Managing Employee Performance in the Agricultural Sector: Importance of Human Capital Development

Capital structure and default risk of small and medium enterprises: evidence from Algeria

Intellectual capital, borrowers' default risk, and digitalization: Allies or adversaries?

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