Payment Decisions Research Articles

Navigating Generosity: Exploring Determinants of Zakat, Infaq, and Sadaqah among the Hijrah Community in the COVID-19 Pandemic

This study investigates the factors influencing the hijrah community's decision to contribute to Zakat, Infaq, and Sadaqah (ZIS) during the COVID-19 pandemic in Indonesia. Drawing upon the Theory of Planned Behavior (TPB), we examine the impact of religiosity, altruism, subjective norms, behavioral control, and institutional image on ZIS payment decisions. Data were collected through a questionnaire survey of 255 members of the hijrah community and analyzed using ordinal logistic regression. Results indicate that religiosity, altruism, and subjective norms significantly influence the decision to pay ZIS, while behavioral control and institutional image do not. This suggests that individuals with strong religious convictions, driven by empathy and a sense of social responsibility, and influenced by their social networks, are more likely to contribute to ZIS, regardless of perceived ease or institutional factors. This preference for direct giving, motivated by trust and a desire for tangible impact, further explains the limited influence of institutional image. This study contributes to the understanding of ZIS giving behavior within the increasingly prominent hijrah community, particularly during times of crisis, and offers valuable insights for Islamic philanthropic institutions seeking to maximize ZIS collection by tailoring their strategies to align with the motivations and values of this growing segment of donors. While this study focuses specifically on the hijrah community in Indonesia, future research should explore these factors among diverse Muslim populations in various socio-cultural contexts to enhance the generalizability of the findings.

Why and when physical cleanliness increases tourists’ payments under pay-what-you-want pricing: the mediating role of moral self-regard and the moderating role of regulatory focus

The pay-what-you-want pricing scheme has been frequently employed by nonprofit and for-profit tourism organizations. While this voluntary payment format can foster inclusivity by making tourism accessible to a larger population, one urgent challenge these institutions face is how to increase consumer payment to sustain both social and economic sustainability. The present work proposes a novel solution, that is, leveraging consumers’ actual or vicarious experience of physical cleanliness. Through two questionnaires and three experiments, this work demonstrates that physical cleanliness significantly boosts payment magnitude under pay-what-you-want. Importantly, this research identifies consumers’ regulatory focus as a vital boundary condition. Specifically, the positive cleanliness effect occurs among promotion-focused people but disappears among prevention-focused individuals. Besides, this study reveals that moral self-regard is the underlying mechanism driving the positive cleanliness effect. Theoretically, the current study presents a new perspective to understanding determinants of tourists’ voluntary payment decisions by investigating their embodied experience of physical cleanliness. It adds new insights to the sustainable tourism literature by addressing both social and economic sustainability through increased payments under pay-what-you-want pricing. Practically, the research findings provide destination managers and tourism providers with valuable guidance on how to boost people’s voluntary payments.

ANALYSIS OF FACTORS INFLUENCING INTENTION IN USING ACCOUNTING INFORMATION SYSTEMS FOR REVENUE AND ZAKAT MANAGEMENT BY MICRO, SMALL AND MEDIUM ENTERPRISES IN E-COMMERCE

Accounting information systems (AISs) have become indispensable enterprise management tools, serving as a vital resource for promoting administrative and financial processes, facilitating decision-making, and improving overall performance. Apart from business, AISs can also be developed as zakat for sharia. In this regard, AIS plays a role in calculating zakat, making zakat payment decisions, and assisting managers in zakat allocation. This function is very beneficial for business actors, especially MSME actors. The existence of AISs can make it easier for MSMEs to manage their revenue and zakat. So, MSMEs need to be able to adopt AISs. Unfortunately, research regarding the acceptability of AIS adoption for MSMEs has not yet been conducted. Therefore, this research examines the factors of acceptance of AISs by e-commerce actors from MSMEs. By using the elements in the Technology Acceptance Model (TAM), such as Perceived ease of use (PEU) and perceived usefulness (PU) through quantitative methods and Partial Least Square Structural Equation Model (PLS-SEM) analysis, the results of data analysis in this study show that the influence of PEU and PU on IUAISs is positive and significant. This shows that IUAISs are influenced by two main variables from TAM (PEU and PU). Based on the results, this study implies that MSMEs that successfully adopt Accounting Information Systems (AISs) for revenue and zakat management can improve their administrative and financial efficiency, emphasizing the importance of understanding the factors influencing AIS acceptance among MSMEs.

Factors influencing news purchasing in Tempo

Purpose: This study explores the factors that influence purchasing decisions regarding tempo-paid news, namely, individual factors, psychology, and product knowledge. The payment decision variables measured in this research are purchase intention, willingness to pay, and choice of profit model for tempo-paid news. Method: This research used a survey method with a purposive sample of 200 non-paid tempo users. The questionnaire consisted of closed choice questions. Data were analyzed by cross-tabulation analysis and chi-square test using the Statistical Package for Social Sciences (SPSS). Results: The findings indicate that individual, psychological, and product knowledge have a significant relationship with purchase intention. Only psychological and product knowledge factors had a significant relationship with willingness to pay. Meanwhile, individual, psychological, and product knowledge factors have a significant relationship with the choice of profit model. This study only reviews the factors that influence purchasing decisions among Tempo non-paid news readers from March to April 2024. Limitations: This research was limited to Tempo's paid products, not to other paid news products. Therefore, further research is needed to determine the factors that can influence purchasing decisions on paid news. Nevertheless, the findings provide an initial picture of the factors that influence the purchase of paid news in the Indonesian market, where the model is still young. Contributions: The findings of this research can provide input for future researchers in the marketing discipline or the mass media industry in Indonesia regarding the development of paid news-based business models.

Medical malpractice litigation and daylight saving time.

Daylight saving time (DST) constitutes a natural quasi-experiment to examine the influence of mild sleep loss and circadian misalignment. We investigated the acute effects of spring transition into DST and the chronic effects of DST (compared to standard time) on medical malpractice claims in the United States over 3 decades. We analyzed 288,432 malpractice claims from the National Practitioner Data Bank. To investigate the acute effects of spring DST transition, we compared medical malpractice incidents/decisions 1 week before spring DST transition, 1 week following spring DST transition, and the rest of the year. To investigate the chronic effects of DST months, we compared medical malpractice incidents/decisions averaged across the 7-8 months of DST vs the 4-5 months of standard time. With regard to acute effects, spring DST transitions were significantly associated with higher payment decisions but not associated with the severity of medical incidents. With regard to chronic effects, the 7-8 DST months were associated with higher average payments and worse severity of incidents than the 4-5 standard time months. The mild sleep loss and circadian misalignment associated with DST may influence the incidence of medical errors and decisions on medical malpractice payments both acutely and chronically. Gao C, Lage C, Scullin MK. Medical malpractice litigation and daylight saving time. J Clin Sleep Med. 2024;20(6):933-940.

The Influence of TAM Variables and Financial Literacy on QRIS Payment Decisions with Interest as an Intervening Variable (Study on Semarang State Polytechnic Students)

The rapid evolution of digital technology, especially in the digital economy and payment sector, has driven the widespread adoption of digital payment services utilizing QR Codes. The Quick Response Code Indonesian Standard (QRIS), introduced by Bank Indonesia and the Indonesian Payment System Association (ASPI) on August 17, 2019, serves as the national QR code standard, facilitating QR code-based payments across Indonesia. QRIS presently allows the acceptance of payment applications, whether from banks or non-banks, at various establishments. This study, involving 370 students from a population of 6,128, utilizes the Structural Equation Model (SEM) for analysis, demonstrating a robust fit with a GFI value surpassing 0.913. The findings reveal that TAM variables—perceived ease of use, perceived usefulness, perceived enjoyment, and financial literacy—significantly influence decision of QRIS payment through interest in adopting digital payments as an intervening variable, supported by probability values below 5%

How do gender diversity and CEO profile impact dividend policy in banking? Evidence from Islamic and conventional banks

PurposeThis paper aims to examine the determinants of the dividend distribution policy in a banking setting.Design/methodology/approachUsing a sample of 48 Islamic banks and 94 conventional banks from 15 Islamic countries over a period spanning from 2012 to 2019, we document the effect of board gender diversity, executive director profile and governance mechanisms on dividend payment decisions. We also analyze the moderating effect of Islamic banks on the relationship between gender diversity and dividend policy.FindingsWe find new evidence on the role of women directors in determining dividend distribution policy and confirm the risk aversion hypothesis, hence contributing to the ongoing debate on gender diversity literature. Our results show that the moderating role of Islamic banks is effective only for small banks.Practical implicationsOur findings have practical implications for shareholders, managers and financial analysts as they suggest rationalizing dividend distribution strategies.Originality/valueOur study contributes to the growing body of knowledge on dividend policy, gender diversity and Islamic banks.

Socio-Economic Determinants of Individual Muslim Zakat Payment Behavior in Indonesia: Analysis of Indonesia Family Life Survey (IFLS) Dataset

Zakat is one of the pillars of Islam and holds significant potential in Indonesia. However, the collected amount remains below its potential due to the neglect and perceived insignificance of zakat payments by many Muslims. Therefore, understanding socio-economic behaviors and factors influencing individual decisions to pay zakat is crucial. This research investigates the determinants of socio-economic factors on individual zakat behavior, using data from the 2014 Indonesian Family Life Survey (IFLS) focusing on individuals aged 15 and above. Probit regression methodology is employed to examine individual decisions on zakat payments, utilizing STATA 17 for analysis. The findings indicate that individuals with higher socio-economic status are more likely to pay zakat, as evidenced by variables such as gender, household size, age, home ownership, loans, years of schooling, income, religiosity, and occupation significantly influencing contributions. However, variables like place of residence and marital status do not significantly impact payment decisions. Research implications highlight the need for targeted interventions and educational programs to enhance zakat awareness and compliance, especially among individuals with lower socio-economic status.

The role of financial literacy when informal caregivers make complex financial decisions

ABSTRACT Informal caregivers are accepting more responsibility for making financial decisions for older people with cognitive impairment. Paying for nursing home accommodation is a complex financial decision in Australia. Residents can make a lump sum payment, daily payment, or a combination of both. Due to government means-testing, the choice can impact the resident’s income, assets, bequest values, and how much they pay for their aged care services. We examined the relationship between the financial literacy of informal caregivers and the accommodation payment decision. We collected data using an Australia-wide survey of informal caregivers that either made or substantially influenced the accommodation payment decision. Using the ‘Big Three’ questions and self-assessed financial literacy, we found that less than half of respondents were financially literate. Greater financial literacy was significantly associated with reduced decision complexity and greater decision certainty, but this relationship was moderated by nursing home behaviour and perceived time available for decision-making. Whether a nursing home suggested consulting a financial adviser, expressed a payment type preference or informed caregivers about their decision-making time period, predicted financial adviser use and the perceived complexity and certainty of decision-making.

Factors Influencing Tax Declaration Decisions on Social Networks of Online Retailers in Vietnam

The growth of e-commerce and online retail in Vietnam, particularly on social networks, has presented challenges for the government’s tax authorities. Preventing tax loss through inspections can be difficult due to missing or incomplete taxpayer data from transaction processing servers. Explaining undeclared or incompletely declared revenue in online trading transactions on the server or the Internet can be challenging, especially for retail activities and service provision for businesses and individuals selling on social networking. In Vietnam, the Tax Management Law 2019 established the tax rates online retailers must pay. However, tax collection for social network retailers still depends on tax authorities encouraging them to self-declare their revenue. Current research and practice show that very few sellers on social networks participate in the self-declaration of revenue to pay taxes. Moreover, few studies focus on factors affecting the participation of online retailers in Vietnam in tax declaration and payment, especially those selling on social networks, and most lack a solid theoretical foundation. Through a review of related studies, this research has identified several factors that affect tax payment decisions for retailers on social networks in Vietnam. The study also provides several recommendations to promote and enhance retailers’ tax declaration and payment decisions on social networks in Vietnam.

Policy and Payment Decisions on Peritoneal Dialysis in the United States: A Review.

End-stage kidney disease (ESKD) accounts for a sizable proportion of Medicare spending. Peritoneal dialysis remains an underutilized treatment modality for ESKD despite its quality of life and cost-saving benefits. Medicare policy on reimbursements and patient eligibility for dialysis coverage has been amended numerous times since its inception in 1972. Over the last two decades, Medicare policy on ESKD reimbursements has evolved from a primarily fee-for-service model to a prospective payment system, and within the past few years, it has begun including more experimental payment structures. While prior work has explored the evolution of Medicare's ESKD policy as a whole, we specifically outline the impact of Medicare policy changes on peritoneal dialysis reimbursement rates, uptake by physicians and dialysis facilities, and accessibility to patients. This narrative review offers historical insights, an overview of modern ESKD policy, actionable strategies, and policy opportunities to increase the accessibility of this treatment modality.

The Impact of Surplus, Promoter Holding, Leverage and Retained Earnings on Dividend Payment Decisions: Evidence from Small- and Mid-sized Firms in India

Free cash flow is a crucial component in deciding the dividend payout ratio; but literature has not sufficiently explored the effects of the same, specifically on dividend payment decisions. We therefore examine whether a firm’s deficit or cash surplus affects ‘cash dividend payout’ for Indian small- and mid-sized firms. Also, we have explored the idea of studying the effect of promoter holding on the dividend policy of mid-cap and small-cap firms listed in the stock exchange of India. Our study also determines the relationship between retained earnings and the dividend policy. The sample of the study includes 174 non-financial companies from the NIFTY MidSmallcap 400 Index from April 2011 till March 2019. Applying the Logit and Tobit models, we have arrived at the findings. Our findings demonstrate that surplus cash positively influences the decision of paying dividends in both mid-cap and small-cap firms. The findings also indicate that mid-cap firms use retained earnings for scaling up rather than distributing dividends and small-cap firms distribute dividends. We prove that Indian business houses with high promoter holdings are less in favour of distributing dividends. The results have the limitation of geography and period and may not be valid for other countries.

The influence of subjective value on mobile payment security warnings: An eye movement study

Payment security has become a vital issue with the popularization of mobile payments among people and in various fields. Warnings are designed to alert users to potential risks but are only effective if users understand them. The current study aims to investigate whether the subjective value of colour formed by experiences influences the effectiveness of mobile payment security warnings. Using eye-tracking techniques, Experiment 1 compared the difference in user behaviour between the high-risk condition (red warnings) and the low-risk condition (green warnings). Experiment 2 detected whether the amounts transferred impacted users' behaviour that was affected by the subjective value of colour. The results showed that compared to a warning with a low-risk condition, warnings with a high-risk condition could capture the attention of participants more quickly, leading to more payment rejection. The results also showed that when making macro payments, the amounts may be prioritized over the subjective value of colour to drive attention and make the payment decision. This study shows the influence of users' characteristics on the interaction process and provides data to support interaction interface design and user behaviour research.

From bribes to bequests and gifts to gratuities: The black, white, and shades of gray of how and why consumers pay what they want

AbstractThis conceptual paper presents a framework that integrates 11 forms of voluntary payments as seemingly disparate as bribes and bequests, and gifts and gratuities to show that “voluntary” payments vary in the shades of gray not only in terms of how much like bribes they are but also in terms of how voluntary they actually are. We provocatively suggest that these payment types might be susceptible to becoming entrenched through self‐reinforcing norms because the voluntary payments are not necessarily voluntary and to an extent akin to bribes. Specifically, it provides an overarching framework to showcase the similarities and differences between bribes, lobbying efforts, suggested fees, pay what you want, tips, bequests, legacies, charity, crowdsourcing, dowry, and gifts, identifying gaps in domains that are under‐researched. Starting with the question as to whether a service has been, is being, or will be performed for the voluntary payment, and whether payments are made to an individual or a cause, the framework highlights the following: (1) the differences in the purpose underlying these payments, (2) the different modes of payment used; (3) the economic and social norms governing the payments; and (4) external and internal emotions associated with these payment types. The integrative framework allows for an amalgam of disparate literatures ranging from morality and behavioral pricing to charity and gift giving. The process model suggests a multitude of areas for future research in the domain of consumers' voluntary payment decisions.

Do contingent liabilities affect dividend decisions?

PurposeThe paper examines contingent liabilities' effect on the firm's dividend decisions.Design/methodology/approachFixed-effects regression and logit model results estimate the influence of contingent liabilities on firms' dividend decisions using a sample of 2,288 firm-year observations of S&P 500 firms from 2012 until 2022. Robustness checks and results from the 2SLS model further support the authors’ findings.FindingsThe results show that contingent liabilities negatively affect dividend payment decisions. This analysis further demonstrates that the stated effect of contingent liabilities on dividend decisions is more substantial for firms with financing deficits and those with above-industry-average corporate governance scores.Research limitations/implicationsThere needs to be more systematic conceptual reason for measuring uncertainty for firms and its influence on dividend decisions. Future research should use other measures of firm uncertainty to examine the relation of the firm's uncertainty with dividend decisions.Practical implicationsThe authors suggest that contingent liabilities create uncertainty for future cash flows, influence a firm's agency costs and provide credible signals on a firm's prospects to the market. The findings support existing literature that measurable firm-specific variables significantly influence a firm's dividend decisions. The results are robust for an alternative explanation.Originality/valueBy investigating the impact of the influence of contingent liabilities on dividends, the authors extend research on dividend decisions and attempt to provide insights into a firm's dividend decisions by incorporating an off-the-balance sheet item (contingent liabilities) as a significant predictor for dividend decisions.

Does Promoter Ownership Affect Dividend Policy? An Agency Problem Perspective

In this paper, we show a nonlinear relation between promoter ownership and dividends in the Indian context, that is, promoters pay more dividends at lower level of their ownership while they pay lesser dividends when their ownership increases beyond a threshold. In particular, we find that the adverse impact of promoter ownership on dividends is greater only at higher level of ownership, where promoters become entrenched with their effective control, and outsiders face the greatest risk of expropriation. We contend that agency and information asymmetry problems are the factors driving our results. We establish this by showing that the nonlinear relation between promoter ownership and dividend payment is more pronounced for standalone firms than group affiliated firms, for firms with more free cash flows and for firms with smaller board and less number of independent directors in the board. Our results are robust to endogeneity concerns and testing the dividend payment decision (to pay or not to pay) using the binary choice logit model.

Suspension of Payment Decision Cassation: Due Process of Law VS Legal Certainty

Purpose: This research aims to provide solutions related to the debate between due process of law and legal certainty in the Debt Payment Obligation Suspension process. Theoretical reference: This research is based on Decision Number 23/PUU-XIX/2021 of the Constitutional Court of Indonesia, which opens the opportunity for debtors to appeal against non-voluntary decisions on Debt Payment Obligation Suspension. Method: This research uses a qualitative approach with the use of positive law and a comparative approach. Results and Conclusion: The research results indicate that granting debtors the right to file a cassation effort against Debt Payment Obligation Suspension decisions is wise but can create legal uncertainty in its implementation. Therefore, it is recommended that cassation efforts against Debt Payment Obligation Suspension decisions be accompanied by some additional regulations. This is important to maintain legal certainty in the Debt Payment Obligation Suspension process in Indonesia while respecting due process of law for all parties involved in Debt Payment Obligation Suspension cases. Implications of research: This research has implications for addressing the debate between due process of law and legal certainty in the Debt Payment Obligation Suspension process. Originality/value: This research has value in providing solutions to the existing debate surrounding the Debt Payment Obligation Suspension process, thus preserving legal certainty in the process.

Challenges, Barriers, and Successes of Standardized Report Templates: Results of a Society of Interventional Radiology Survey

Registry data are being increasingly used to establish treatment guidelines, set benchmarks, allocate resources, and make payment decisions. Although many registries rely on manual data entry, the Society of Interventional Radiology (SIR) is using automated data extraction for its VIRTEX registry. This process relies on participants using consistent terminology with highly structured data in physician-developed standardized reports (SR). To better understand barriers to adoption, a survey was sent to 3,178 SIR members. Responses were obtained from 451 interventional radiology practitioners (14.2%) from 92 unique academic and 151 unique private practices. Of these, 75% used structured reports and 32% used the SIR SR. The most common barriers to the use of these reports include SR length (35% of respondents), lack of awareness about the SR (31%), and lack of agreement on adoption within practices (27%). The results demonstrated insights regarding barriers in the use and/or adoption of SR and potential solutions.

Trust in government and electronic levy payment decisions in Ghana

Governments in many developing countries have consistently experienced budgetary shortfalls due to several problems, including tax evasion and avoidance. An important social capital identified in the literature that drives an individual's behaviour towards responding positively to taxation is trust. Leveraging on the theory of trust, we disaggregate trust in government into trust in the Legislature, Executive, and Judiciary and investigate the extent to which trust in any of the three arms of government drives behavioural changes towards the decision to pay for the electronic levy in Ghana. Using a survey approach and a regression analysis, we show evidence that trust in any of the three arms of government is a key driver of individuals' decisions to pay for the electronic transaction levy. In order of importance, trust in the Executive explains more of an individual's payment behaviour, followed by the Judiciary, then the Legislature. This study highlights the role of trust in the three arms of government, especially the Executive in committing to the government's tax-related policies.

Factors Influencing Dividend Payment Decisions: A Case of Mutual Funds in Tanzania

The study aimed at investigating the factors influencing dividend payout decisions of mutual funds in Tanzania for panel data in the time interval of 2019 to 2022. Using the modified Lintner model as a theoretical framework, explanatory research design was used. Employment of explanatory variables including past dividend, free cash flow, liquidity, sales growth, return on assets, financial leverage, firm size and market risk and using descriptive and inferential statistical tools i.e. correlation, fixed effect and random effect regression models the facts were realized. The results of analysis found that dividend payout decision is positively and significantly affected by past dividend and return on assets. Also it was revealed that free cash flows, liquidity, sales growth, financial leverage , firm size had a positive and insignificant effects on dividend payout decision. Either market risks revealed to have negative and insignificant influence on dividend payout. These results therefore recommend that mutual funds management should make much concentration on paying for floating dividend. Furthermore, the findings remind mutual funds management to ensure firm makes profit for firm realize performance, cash inflows, liquidity and growth. Satisfactory payment of dividend ensures for a firm value increase, firm growth and investors prosperous measured in terms of increase in financial leverage. Increase in financial leverage is the firms’ management performance which expects to help hedge the market risks for market efficiency hypothesis being realized important for perpetual future dividend payment.