Syed Manzur Quader

• PhD Economics
• Professor at Chittagong Independent University

This paper considers the relationship between financial frictions and investment. In an effort to clarify the role of cash flow in examining the impact of capital-market imperfections, endogenous switching regression models (SRM) are estimated for a panel of 1122 UK firms listed on the London Stock Exchange over the period of 1981 to 2009. Not only...

Differential quantitative effects of internal finance on growth among firms facing different degrees of financial constraints are found in this paper using an unbalanced panel data on 1122 UK firms listed on the London Stock Exchange. The generalized methods of moments (GMM) estimation results are consistent with financial constraints arising from...

Purpose – Using a panel of 1,122 UK firms listed on the London Stock Exchange over the period of 1981-2009, corporate efficiencies are predicted in this paper as inverse proxies of agency cost and the agency cost hypotheses are tested. The paper aims to discuss this issue. Design/methodology/approach – Stochastic frontier analysis is used to estim...

Using a large panel of 5086 firms from 7 European countries, namely Belgium, France, Germany, Italy, Netherland, Sweden and UK over the period of 1981 to 2010, we made attempt to see the effect of financial constraints on international corporate policies based on their liquidity demand. Controlling for firm size, investment opportunities and altern...

This study examines the key factors influencing economic growth in South Asia, namely entrepreneurship development, technological innovation, and institutional quality. By analyzing annual data from 2010 to 2022 across South Asian countries (excluding Afghanistan), a strong correlation between these factors and economic prosperity is revealed. Thes...

Keywords This research attempts to bring out the industry insights regarding the extent of the COVID-19 pandemic on Bangladesh's readymade garments (RMG) industry, looming challenges of preparing the industry for the immensely challenging Industry 4.0 revolution, and the industry's preparedness to overcome these challenges and sustain. Using the th...

This paper investigates how uncertainty inflences investment and cash-holding decisions and how these nexuses inflence the performance of Bangladeshi fims. The results indicate threshold levels of investment and cash holdings up to which investment increases and cash holding decreases with uncertainty, and both reverse afterward. In other words, th...

Purpose: This paper aims to investigate the effect of stock liquidity on firm value (MV), operating income to price (OIP), market value of equity to market value of the asset (MVEA), and operating income to assets (OIA) ratios in Bangladesh. This paper also investigates whether firm size, leverage, or financial crisis have any moderating role to pl...

Higher education (HE) in Bangladesh has experienced phenomenal growth over the years in terms of student enrollment, subjects taught, female enrollment, and growth in the number of universities. A paradigm shift also took place in 1992 when private entities were allowed to establish and operate universities. Currently there are 105 private universi...

This paper investigates how firm-level efficiency has been appraised by both capital market and money market in Bangladesh using an unbalanced panel of 137 public limited companies listed in Dhaka Stock Exchange over the period 2006–2016. Efficiency is measured as the distance from the industry’s ‘best practice’ production frontier. Stochastic Fron...

Higher education (HE) in Bangladesh has experienced phenomenal growth over the years in terms of student enrollment, subjects taught, female enrollment, and growth in the number of universities. A paradigm shift also took place in 1992 when private entities were allowed to establish and operate universities. Currently there are 105 private universi...

Using probit regression model on primary data, this study reveals that level of educational qualification, value of asset owned and individual’s monthly income, and being married have a positive and significant impact on account opening decision, whereas the value of asset owned, monthly income, number of earning members in the family, and being ma...

The article examines a number of constraints in terms of access to finance, corruption, infrastructure, crime, competition, and performance measures etc. hindering firm growth in BRICS countries using the comprehensive company-level data from the World Business Environment Survey (WBES). Starting with a total of 37 factors impeding the operation an...

This study examines the impact of dividend payout on the market value of selected Bangladeshi firms. Generalized method of moments (GMM) technique have been applied to estimate the dynamic regression models using a panel data of 198 companies listed on the Chittagong Stock Exchange (CSE) during 2003 to 2015. A statistically significant positive rel...

Using a large panel of 5086 firms from 7 European countries, namely Belgium, France, Germany, Italy, Netherland, Sweden and UK over the period of 1981 to 2010, we made attempt to see the effect of financial constraints on international corporate policies based on their liquidity demand. Controlling for firm size, investment opportunities and altern...

There is little doubt that SMEs plays a vital role in development of an underdeveloped economy, but still this sector is facing multifarious problems relating to raw materials, power, land, marketing, transport, technical facilities, and finance etc and due to these constraints it is getting more difficult for them to contribute to nation’s GDP as...

In this paper, the catalyst variables of FDI inflows in Bangladesh are examined by applying extreme bounds analysis to the time series data from 1990-91 to 2005-06. The results reveal that wage, trade openness, net export, GDP growth and tax rate have robust result. Also two years lagged values of FDI and change in the level of domestic investment...

In recent years, many developing countries having a history of high inflation, unfavorable balance of payment situation and a high level of foreign currencies denominated debt, have switched or are in the process of switching to a more flexible exchange rate regime. Therefore, the stability of the exchange rate and the dynamics of its volatility ar...