PERCEPTION AND ATTITUDES OF ENTREPRENEURS TOWARDS ISLAMIC AND COMMERCIAL BANK LOAN SYSTEM IN NIGERIA
Ifeanyi Ugbebor, Ph. D, Department of Business Management UK Management College Sunderland Campus United Kingdom.
Stella Omorojie, Ph. D, Department of Vocational and Technical Education (Business Education Unit) Faculty of Education University of Delta, Agbor.
Ofume Abigail, Department of Vocational and Technical Education (Business Education Unit) Faculty of Education University of Delta, Agbor.
MSI Journal of Economics and Business Management (MSIJEBM) | DOI https://zenodo.org/records/17490634 | Page 01 to 35
Abstract
This work presents a study that examines the perceptions and attitudes of entrepreneurs toward Islamic and commercial bank loan systems in Nigeria. The theory of planned behaviuor framework was adopted to investigate how awareness, marketing, coverage, cost, risk, and ethical/religious considerations influence entrepreneurial financing choices. A multivariate regression technique involving multinomial, binary, and linear models was used to test six hypotheses linking perceptual difference scores to financing decisions for the cross-sectional survey of 600 entrepreneurs across five business sectors in Nigeria. Results of this study substantiate that marketing effectiveness (B = 1.377, p < 0.001), service coverage (B = 2.199, p < 0.001), and cost competitiveness (B = 1.468, p < 0.001) significantly influence primary banking relationships, thereby validating the planned behaviour framework’s perceived behavioral control dimension. Further findings in this study reveal critical paradoxes that awareness reinforces convectional banking dominance through negative coefficients (B = -2.042, p < 0.001) rather than promoting alternative adoption, while Islamic banking’s perceived ethical superiority (x̄ = 0.286) and risk-sharing advantages (x̄ = 0.186) demonstrate no significant behavioral impact across all models, underscoring a disconnection between moral positioning and actual financing decisions. By extending planned behavior theory to foreground operational feasibility and structural constraints as dominant determinants that override attitudinal and other components in high-stakes financial contexts within emerging markets, this research contributes novel insights into how accessibility barriers and cost structures recalibrate entrepreneurial financing pathways despite favorable ethical perceptions. The study concludes with policy and practical recommendations aimed at eliminating infrastructural deficits through Islamic banking branch network expansion, implementing targeted awareness campaigns, ensuring cost competitiveness, and establishing supportive regulatory frameworks, thereby fostering inclusive financial access as a lever for sustainable entrepreneurial development in Nigeria.
Keywords: Shari’ah-compliant finance, financial inclusion, perceived behavioral control, accessibility barriers, dual banking system, emerging markets.
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Analysis of Large Language Model in Creating User Personas: A Comparative Study Across Cultures
Atefeh Kasiri, Germany.
MSI Journal of Economics and Business Management (MSIJEBM) | DOI https://zenodo.org/records/17403698 | Page 01 to 21
Abstract
The emergence of large language models (LLMs) has changed the world and human lives in many different ways. Nowadays there is a new idea that LLMs are a big database of people’s opinions, therefore, It is possible to replace them with humans in some parts of the design process, while LLMs may not capture all the individual and cultural differences, and it can lead to discrimination against a group of people.
This thesis investigates the representativeness of LLM-generated user personas by comparing three different persona creation approaches—LLM-solely, LLM-auto, and LLM-summarizing—across two cultural contexts: Germany and Iran. By collecting survey data from real participants in both countries, this study establishes a ground truth for evaluating the generated personas with LLM.
All articles published by MSIP are made immediately available worldwide under an open access license. No special permission is required to reuse all or part of any MSIP article, including figures and tables.
For articles published under a Creative Commons CC BY 4.0 license, any part of the article may be reused for any purpose, including commercial use, provided that the original MSIP article is clearly cited.
Factors of High Internet Costs in Afghanistan
Saeed Ahmad Saeedy, Vice Chancellor of Students’ Affairs, Pamir University Khost, Afghanistan.
MSI Journal of Economics and Business Management (MSIJEBM) | DOI https://zenodo.org/records/17241651 | Page 01 to 11
Abstract
This paper explores the factors contributing to the high cost of internet services in Afghanistan, a country struggling to modernize its telecommunications infrastructure amid socio-economic and geopolitical challenges. Key factors include insufficient infrastructure, with limited fiber-optic networks and heavy reliance on costly satellite connectivity, which drives up operational expenses for internet service providers. The monopolistic nature of the market, with minimal competition and state-controlled entities dominating the sector, further Increase pricing. Additionally, high import taxes on telecommunications equipment, coupled with inconsistent regulatory policies, hinder cost reductions. Security concerns and political instability also play a significant role, as the maintenance and expansion of infrastructure are often disrupted, leading to higher risk premiums. The lack of local content and dependence on international bandwidth also elevate costs. Addressing these challenges requires investments in infrastructure, regulatory reforms, and fostering competition to make the internet more accessible and affordable for Afghan citizens.
Keywords: Afghanistan, Challenges, Equipment, High cost, Factors, Internet.
All articles published by MSIP are made immediately available worldwide under an open access license. No special permission is required to reuse all or part of any MSIP article, including figures and tables.
For articles published under a Creative Commons CC BY 4.0 license, any part of the article may be reused for any purpose, including commercial use, provided that the original MSIP article is clearly cited.
