Mohd Afjal

Dr. Mohd Afjal

VIT Business School, Vellore Institute of technology (VIT), Vellore, India
+1
orcid
Assistant Professor, VIT Business School, Vellore Institute ...

Research Focus & Metrics

Academic Career Length

6Years (2021-Present)

(Calculated once Scilit publication data is synced: current year − year of first publication + 1)

Representative Publications

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5 October 2023 in Humanities and Social Sciences Communications
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Journal Article
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MAMohd Afjal
Mohd Afjal
Financial technology (FinTech) and financial inclusion have become increasingly significant as means to alleviate poverty, reduce income inequality, and promote economic growth. This study presents a bibliometric analysis of research on the role of digital financial services in promoting financial access and economic development between 2010 and 2023. Using Scopus database, 695 documents were selected, and Biblioshiny and VOSviewer software were employed for analysis. The study aims to identify research themes, analyze publication trends, assess geographical distribution, recognize influential authors, institutions, and journals, uncover highly cited articles, and determine research gaps. The results reveal a growing interdisciplinary interest in FinTech and financial inclusion, with a surge in research production since 2016, emphasizing the significance of digital financial services in addressing the limitations of traditional financial institutions. The findings also highlight influential authors, institutions, and publications that have shaped the discourse, global collaboration patterns, and emerging research themes and trends. Policymakers are encouraged to foster an environment conducive to the growth and integration of FinTech, while future research directions should focus on the impact of digital financial services on vulnerable populations, alternative financing solutions, and the potential of emerging technologies in advancing financial inclusion and economic development. This analysis underscores the importance of interdisciplinary collaboration, global cooperation, and vigilance in addressing the challenges and opportunities presented by the rapid adoption of digital financial services in promoting inclusive and sustainable economic development.

16 April 2024 in Carbon Research
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Ghalieb Mutig IdroesGhalieb Mutig Idroes
Ghalieb Mutig Idroes
IHIrsan Hardi
Irsan Hardi
Md. Hasanur RahmanMd. Hasanur Rahman
Md. Hasanur Rahman
MAMohd Afjal
Mohd Afjal
Teuku Rizky NoviandyTeuku Rizky Noviandy
Teuku Rizky Noviandy
Rinaldi IdroesRinaldi Idroes
Rinaldi Idroes
The global trend of environmental degradation, marked by escalating carbon dioxide (CO2) emissions and expanding ecological footprints, poses a significant risk to the planet and leads to global warming. This decline in the environment is primarily attributed to the extensive use of non-renewable energy sources and substantial economic activities. This study investigates the dynamic impact of non-renewable energy (coal, gas, and oil), renewable energy, economic growth, and capital formation on CO2 emissions and the ecological footprint in Indonesia spanning from 1965–2022. Employing Fully Modified Ordinary Least Squares (FMOLS), Ordinary Least Squares (DOLS), and a robustness test with Canonical Cointegrating Regression (CCR) techniques, we seek to establish long-term associations among the studied variables. Preliminary findings, supported by our primary models, reveal that every increase in coal and gas directly results in higher CO2 emissions but does not affect ecological footprints. Conversely, every increase in oil affects the rise of ecological footprints but not CO2 emissions. Meanwhile, the rise in renewable energy will reduce both CO2 emissions and ecological footprints, consequently enhancing Indonesia's environmental quality. Furthermore, increasing economic growth will increase both CO2 emissions and ecological footprint, while the rise in capital formation reduces the ecological footprint. The Granger causality test showed unidirectional causality from CO2 emissions to renewable energy and also revealed bidirectional causality between ecological footprint and renewable energy. This study clarifies the patterns of energy emissions in Indonesia and provides policymakers with recommendations for maintaining environmental sustainability, including investing in renewable energy use and transitioning away from non-renewable energy, given the pressing climate challenges and the goal of achieving carbon neutrality.

27 November 2024 in Heliyon
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Journal Article
Open access
Ghalieb Mutig IdroesGhalieb Mutig Idroes
Ghalieb Mutig Idroes
MAMohd Afjal
Mohd Afjal
MKMohsin Khan
Mohsin Khan
Mohammad HaseebMohammad Haseeb
Mohammad Haseeb
IHIrsan Hardi
Irsan Hardi
Rinaldi IdroesRinaldi Idroes
Rinaldi Idroes
While there is extensive research on the environmental impacts of renewable energy sources, a notable gap remains in understanding the specific environmental effects of geothermal energy. This knowledge shortfall is particularly critical for Indonesia, which holds the world's second-largest geothermal potential but has yet to effectively harness these valuable resources. This study aims to address this gap by providing a preliminary evaluation of the dynamic impact of geothermal energy consumption and various macroeconomic variables on carbon dioxide (CO2) emissions in Indonesia from 1995 to 2020. The study employs the Fully Modified Ordinary Least Squares (FMOLS) method and conducts robustness checks using the Dynamic Ordinary Least Squares (DOLS) method. Our findings reveal that geothermal energy consumption, military expenditure, and technology innovation contribute to a reduction in CO2 emissions, while non-renewable energy consumption increases CO2 emissions. Additionally, the pairwise Granger causality test results indicate a unidirectional causality running from geothermal energy consumption to CO2 emissions, suggesting that trends in geothermal energy use can reliably predict changes in CO2 levels. This study provides valuable insights for policymakers and stakeholders in formulating sustainable policies for carbon reduction in Indonesia.

Verified
Journal Article
Open access
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MAMohd Afjal
Mohd Afjal
Aidin SalamzadehAidin Salamzadeh
Aidin Salamzadeh
Leo Paul DanaLeo Paul Dana
Leo Paul Dana
The intricate relationship between financial fraud and credit risk, and their combined impact on banking stability, is a vital and under-researched aspect of financial system integrity. To fill this knowledge gap, this study embarked on a thorough bibliometric analysis of the field, utilizing 2790 documents from various sources, including 1853 articles, 504 books, and 177 reviews, spanning the years 1990 to 2023. Utilizing advanced tools, like Biblioshiny and VOSviewer, this study illuminated key geographical, thematic, and intellectual trends, shedding light on an annual growth rate of 13.43% in the related literature and an average citation per document of 28.29. This detailed analysis offered valuable insights into the current research landscape, emphasizing areas such as author collaboration, with 20.32% international co-authorships, and the prevalence of single-authored documents, at 1100. Despite the existing body of research, the interconnected dynamics between financial fraud and credit risk and their implications for banking stability remain underexplored. Therefore, this study sought to unravel this complex relationship and examine its effects at both the micro (individual banks) and macro (banking sector and wider economy) levels. The findings carry significant practical implications, informing policy development, shaping risk management strategies, and contributing to regulatory measures. Despite its limitations, including the potential transformation of identified trends due to evolving financial systems and financial crimes, this study represents a significant contribution to scholarly discourse in the field. It lays the groundwork for future research and facilitates a more secure and resilient banking sector, reflecting the data-driven insights obtained from the research.

29 November 2024 in Cogent Economics & Finance
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Journal Article
Open access
IHIrsan Hardi
Irsan Hardi
MAMohd Afjal
Mohd Afjal
MKMohsin Khan
Mohsin Khan
Ghalieb Mutig IdroesGhalieb Mutig Idroes
Ghalieb Mutig Idroes
Teuku Rizky NoviandyTeuku Rizky Noviandy
Teuku Rizky Noviandy
RUResty Tamara Utami
Resty Tamara Utami

9 June 2023 in Sustainability
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Journal Article
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MAMohd Afjal
Mohd Afjal
CKChinnadurai Kathiravan
Chinnadurai Kathiravan
Leo Paul DanaLeo Paul Dana
Leo Paul Dana
CNCHITRA DEVI NAGARAJAN
CHITRA DEVI NAGARAJAN
This research investigates the dynamic interplay between financial technology, information and communication technology, energy consumption, and economic growth on environmental sustainability within Emerging and Growth-Leading Economies (EAGLEs) from 2005 to 2020. Utilizing advanced econometric techniques, such as Fully Modified Least Squares (FMOLS) and Vector Autoregressive Error Correction Model (VECM), the investigation scrutinizes the hypothesized relationships among these variables. Panel unit root tests were deployed to assess stationarity, while panel least squares methodology was employed to determine the presence of co-integration among the variables under study. The analysis reveals that internet usage, GDP, and renewable energy consumption exhibit a notable influence in diminishing CO2 emissions within EAGLE economies. Additionally, the findings substantiate the existence of long-term causality originating from these variables and impacting CO2 emissions. Conversely, the role of ATM networks in CO2 emissions remains ambiguous, implying that financial technology’s influence on environmental sustainability is inconclusive. Consequently, the research posits that environmental sustainability in EAGLE economies is chiefly determined by factors such as internet usage, economic expansion, and renewable energy consumption, with financial technology demonstrating no discernable impact. In light of these findings, the study advocates for the reevaluation and adaptation of existing policies and strategies to account for shifting climatic conditions. By doing so, decision-makers can better align their efforts with the pursuit of environmental sustainability in the context of rapidly evolving economies.