IOSR-JBM   Volume-19 ~ Issue-12 ~ December-2017

Paper Type	:	Research Paper
Title	:	Causality between Macroeconomic Variables andStock Market in India
Country	:	India
Authors	:	Bhawna Malhotra || Prof. Neelam Dhanda
	:	10.9790/487X-1912070107

Abstract: The present study tries to explore the time series relationship between the stock market and macroeconomic variables. Quarterly data of BSE Sensex, Exchange rate, Index of Industrial Production, Wholesale Price Index and Gross value Added over the period April 2012 to June 2017 has been used in this study. Descriptive analysis, Pearson correlation, Unit root test and Granger Causality test are used to test the relationship between macroeconomic variables. Thestudy finds strong correlation between BSE Sensex, Exchange Rate, Industrial productivity and Gross Value Added. Although no causality relationship exists between respective variables and BSE Sensex, this may be due to the influence of other factors on stock market returns, warranting further research.

Keywords: Macroeconomic variables, Stock market, Unit Root test, Granger Causality Test

[1]. Abdalla, I. S., &Murinde, V. (1997). Exchange rate and stock price interactions in emerging financial markets: evidence on India, Korea, Pakistan and the Philippines. Applied Financial Economics, 7(1), 25-35.

[2]. Ahmad, I., &Sinha, J. (2016).A study on relationship between macro-economic variable and stock market performance with reference to BSE-Sensex. International Journal of Applied Research, 2(2), 10-13.

[3]. Gay, R. D. (2008). Effect of Macroeconomic Variables on Stock Market Returns for Four Emerging Economies: Brazil, Russia, India, and China. The International Business & Economics Research Journal, 7(3), 1-8.

[4]. Ibrahim, M. H. (2000). Cointegration and Granger causality tests of stock price and exchange rate interactions in Malaysia. ASEAN Economic Bulletin, 17(1), 36-47.

[5]. Mohanamani, P., &Sivagnanasithi, T. (2014). Indian stock market and aggregatesmacroeconomic variables: Time series analysis. IOSR Journal of Economics &Finance, 3(6), 68-74..

Paper Type	:	Research Paper
Title	:	Diversification and Portfolio Performance: A Study on the Banking Sector of Bangladesh
Country	:	Bangladesh
Authors	:	Syeda Mahrufa Bashar || Jubairul Islam Shaown
	:	10.9790/487X-1912070815

Abstract: The banking sector is one of the thrust and booming sectors in Bangladesh. The study measures the performance of portfolios constructed of selected banks such as The City Bank Limited, BRAC Bank Limited, Islami Bank Bangladesh Limited, Pubali Bank Limited and National Bank Limited. The study conducts a portfolio performance analysis based on the monthly return data of 2012-2017. Individual performance of these companies is also compared with that of different portfolios. In the process, the effect of diversification achieved in the portfolio construction process is also highlighted. In order to evaluate portfolio performance, measures such as Sharpe Ratio, Treynor Ratio, M-squared Ratio are used. The degree of non-systematic risk reduction is also calculated based on different number.........

Keywords: Diversification, Optimization, Volatility, Sharpe, Treynor, M-squared Ratio

[1]. Bangladesh banking sector faces challenges. (2017). THe Economist.
[2]. CFA Institute. (2017). Corporate Finance and Portfolio Management. Wiley.
[3]. Chowdhury, F. (2015). Diversification and Portfolio Performance of the Pharmaceutical Sector of Bangladesh. Global Journal of Management and Business Research: Finance.
[4]. Chowdhury, S. K. (2017). Financial Stability Assessment Report. Bangladesh Bank.
[5]. Das, R. L. (2016). Performance of Mutual Funds: The Case of Bangladesh. World Journal of Social Sciences...

Paper Type	:	Research Paper
Title	:	Systematical Risks Toward Banking And Manufacturing Company; Validation Test of Capital Asset Pricing Model In Indonesia
Country	:	Indonesia
Authors	:	Anita Permatasari
	:	10.9790/487X-1912071623

Abstract: The existence of the capital market is expected to be an alternative fundraising in addition to the banking system, it also bears investors to have some investment options in accordance with risk preferences. Stock market conditions are always changing, causing uncertainty for investors to gain profits, so almost all investments have risks. The risk caused by aggregate market movements, where stocks move depends on market movements, known as Beta (β). In the Capital Asset Pricing Model (CAPM) beta is defined as a measure of the volatility return of securities to market return. Therefore, before taking aninvestment, the investors should always pay attention and remember what factors that could affect the amount of risk that it bears. One factor that carefully must be paid attention by the investor is deposit.........

Keywords: CAPM, JSX, Market Excess Return, 3 Months Deposit Rate, 6 Months Deposit Rate.

[1]. Fabozzi, F. J., And Modigliani, F. Capital Market :Intitutions and Instruments", Third Edition, (New Jersey: Upper Saddle River, 2003).
[2]. Gujarati, D. N.Basic Econometrics, Third Edition, (Singapore:McGraw-Hill,1995).

[3]. Hadad, M. D., Wibowo, S.,and Besar, D.Beta Sector Sebagai proxy Imbal Hasil dan Indikator Risiko di Pasar saham. Direktorat penelitian dan Pengaturan Perbankan, (Jakarta, 2004).
[4]. Haugen, R. A.Modern Investment Theory, Fourth Edition, (New Jersey:Prentice Hal, 1997).
[5]. Husnan, S.Dasar-Dasar Teori Portofolio dan Analisis Sekuritas, (Yogyakarta : UPP AMP YKPN, 2001)...

Paper Type	:	Research Paper
Title	:	Green Financing: An Emerging Form of Sustainable Development in Bangladesh
Country	:	Bangladesh.
Authors	:	Md. Sabuj Hoshen || Md. Najmul Hasan || Sanuar Hossain || Md. Abdullah Al Mamun || Abdul Mannan || Dr. Md. Abdullah Al Mamun
	:	10.9790/487X-1912072430

Abstract: Green financing is a term that refers to sustainable development projects and initiatives, environmentally friendly products and policies that encourage financial investment to stimulate more sustainable economy. This paper mainly determines the allocation of green financing to the various green projects by categorized banking and non banking sectors in Bangladesh. This study shows the trend of the refinancing project for the green products by the Bangladesh Bank. The research is based on the secondary data in the descriptive and analytical nature. This study observes that the Private Commercial Banks (80.4 percent) contribute more funds to the green project and the tendency to reinvest in green projects is increasing day by day. This study recommends in order.......

Keywords: Green financing, Sustainable development, Environment friendly, Sustainable economy, Green products,

[1]. Y. Wang and Q. Zhi, The role of green finance in environmental protection: Two aspects of market mechanism and policies, Energy Procedia, 104(2016), 311 – 316.
[2]. M. A. Islam and M. Kamruzzaman, Green Banking Practices in Bangladesh, IOSR Journal of Business and Management, Volume 17, Issue 4.Ver. V (Apr. 2015), PP 37-42
[3]. L. Kaifeng and L. Chuanzhe, Construction of Carbon Finance System and Promotion of Environmental Finance Innovation in China, Energy Procedia 5 (2011) 1065–1072.
[4]. K. Berensmann and N. Lindenberg, Green Finance: Actors, Challenges and Policy Recommendations, German Development Institute / DeutschesInstitutfürEntwicklungspolitik (DIE), briefing Paper 23/2016.
[5]. H. Koscielniak and A. Gorka, Green Cities PPP as a Method of Financing Sustainable Urban Development, Transportation Research Procedia, 16 (2016), 227 – 23..

Paper Type	:	Research Paper
Title	:	Theeffect of Blue Ocean Strategyon Increasing competitive Advantage on Commercial Banks (Irbid District) An Empirical Study
Country	:	Jordan.
Authors	:	Dr.Mohammad Turky Bataineh || Dr. Nayef Raji Alomyan
	:	10.9790/487X-1912073141

Abstract: The study deals with a very important subject focusing on identifying the effect of blue ocean strategy in increasing the competitive advantage, the study aims to explore the effect of blue ocean strategy on competitive advantage on commercial banks (Irbid District) by requesting the opinions of a sample from three management levels within commercial banks, around (135) questionnaires were randomly distributed to managers in these three levels, the returned suitable questionnaires were (122) with (90%) response rate by way of a questionnaire containing 34 items, this questionnaire is used as a main tool for collecting date from the sample.The results are analyzed by using the main and standard deviation in addition to Descriptive Statistics and the simple regression coefficient analysis. Results were strong significant and positive influence between (create new value, reducing cost, and raising facilitating actions) and competitive advantage, and there isn't significant influence between eliminating business factors and competitive advantage.

Keywords: Blue Ocean Strategy, Competitive Advantage, Commercial Banks.

[1]. Agnihotri, Arpita (2016) Extending boundaries of Blue Ocean Strategy,Journal of Strategic Marketing. Oct2016, Vol. 24 Issue 6, p519-528. 10p.
[2]. Alam, S and Islam M. T. (2017) Impact of Blue Ocean Strategy on Organizational Performance: A literature review toward implementation logic, IOSR Journal of Business and Management (IOSR-JBM), e-ISSN: 2278-487X, p-ISSN: 2319-7668. Volume 19, Issue 1. Ver. III (Jan. 2017), PP 01-19.
[3]. Baxter, Macleod, Managing performance improvement, Routledge, 2008.
[4]. Dehkordi, G., Rezvani, S., & Behravan, N. (2012). BOS: A Study over a Strategy Which Help the Firm to Survive from Competitive Environment. International Journal of Academic Research in Business and Social Sciences, 2(6), 477.
[5]. Gochhait, saikat (2014) Blue Ocean Marketing Strategy: A Study of Refractory Industries in Odisha.IUP Journal of Entrepreneurship Development. Sep2014, Vol. 11 Issue 3, p49-61. 13p...

Paper Type	:	Research Paper
Title	:	Effects of Procurement Processes on Successful Completion of Construction Projects in Uasin Gishu County
Country	:	India.
Authors	:	Owiti Jacob Omondi || Stephen Diang‟a || Abednego Gwaya || Robert Onyanyo
	:	10.9790/487X-1912074250

Abstract: The construction industry is an economic backbone of many countries but is encumbered by many challenges which compromises successful completion of its projects. Amongst these challenges are the procurement process by the client which calls for a holistic and systemic approach to guarantee success at all the phases of construction projects. The purpose of this study therefore was to assess the effects of procurement process on successful completion of construction projects within UasinGishu County. The study aimed at determining the effects of procurement control regulations, procurement quality assurance process on successful completion of construction projects in UasinGishuCounty .Data was analyzed using both inferential and descriptive statistics using Statistical............

Keywords: Procurement process, successful completion of construction projects.

[1]. Anvuur, A., & Kumaraswamy, M. ( 2007). Conceptual Model of Partnering and Alliancing'. 133 (3), 225-234.
[2]. Baily, P., Farmer, D., Jessop, D., & D., J. (2005). Purchasing Principles and Management. U.K: Pearson education Limited.
[3]. Brannen, J. (2008). Mixing Methods :qualitative and Quantitative Research. Thomas Coram Research Unit England: Ashgate Publishing Limited.
[4]. Bryman, A., & Cramer, D. (2005). Quantitative Data Analysis with SPSS 12 and 13: A guide for social scientists. East Sussex, UK: Routledge.
[5]. Cattell, D. W., Bowen, P. A., & Kaka, A. P. (2007). Review of unbalanced bidding models in construction. Journal of Construction Engineering and Management, 133(8), 12.

Paper Type	:	Research Paper
Title	:	Aviation Sector and Consumers in Emerging Markets
Country	:	India.
Authors	:	Dr. Dimple Kaul
	:	10.9790/487X-1912075157

Abstract: Purpose of study: To study aviation sector in emerging economies like India and China to get insights about consumers and the factors affecting customer satisfaction in the airline industry. Methodology adopted: Secondary research carried out by way of collecting secondary data from sources such as online published literature, reports, books and research journals.

Keywords: Aviation industry, Air transport, emerging markets, consumers in aviation, service quality.

[1]. Aydin, B. (2009). A Research Analysis on Employee Satisfaction in terms of Organizational Culture and Spiritual Leadership. International Journal of Business and Management, 160.
[2]. Aydin, B. (2009). A Research Analysis on Employee Satisfaction in terms of Organizational Culture and Spiritual Leadership.
[3]. Bilal, A. &. (n.d.). Impact of Employee Motivatio o n Customer Satisfaction. [4]. Abdullah, M. A., Chew, B. C., & Hamid, S. R. (2016). Benchmarking key success factors for the future green airline industry. Procedia-Social and Behavioral Sciences, 224, 246-253. [5]. Bindu, N. (2013). A Study on the Attitudes and Buying Behavior of Air Travelers in Contributing to a Sustainable Environment. International Journal Of Engineering Management Sciences, 4(1).

Paper Type	:	Research Paper
Title	:	Improving Healthcare Services Through the Teachings of The Hotel Industry: the Case of A Tertiary Care Hospital In Odisha
Country	:	India
Authors	:	Ansuman Samal || Prof. (Dr.) Jyotirmoyee Jena || Dr. Anjali Tarai
	:	10.9790/487X-1912075868

Abstract: In the recent years, building and maintaining the sustainable competitive advantage across various sectors has become important for businesses. In the case of Hospitals, quality has been proven as one of the important parameters for differentiating and thereby developing a competitive advantage over others. With the advent of more nos. of private players in the industry along with the wholehearted support by the Government through initiatives like Make in India campaigns, the demand has begun for transformation from the basic healthcare provider to wellness provider. In this time, we can take lessons from the hotel industry which shares many characteristics with the hospital sector. In the hotel industry, after years of research and implications of quality standards widespread innovations and improvements for customer service has derived. Now it is the time to transform the hospital industry on the same........

Keywords: Hotel, Hospital, Expectations, Perception, Satisfaction, Quality

[1]. Abbott, P. & Lewry, S., (1999), "Front Office: Procedures, Social Skills, Yield and Management", 1st Edition, Oxford: Butterworth-Heinemann.

[2]. Annamalai Solayappan, Dr. Jothi Jayakrishnan, Sethu Velmani, (2011), "Quality Measurement for Hospital Services", at 3rd International Conference on Information and Financial Engineering, IPEDR vol.12 (2011), IACSIT Press, Singapore

[3]. Ashok Thiakarajan, A. Sindhuja, R. Krishnaraj, (2015), "Service Quality in Hospitals at Chennai", International Journal of Pharmaceutical Sciences Review and Research, 34(1), pp. 238-242.

[4]. Berry, L.L., Parasuraman, A. and Zeithaml, V.A., (1988), "The service-quality puzzle", Business Horizons, September-October, 1988, pp. 35-43.

[5]. Boshoff, C. and Gray, B., (2004), "The relationships between service quality, customer satisfaction and buying intentions in the private hospital industry", South African Journal Business Management, 35(4), pp. 27-38..

Paper Type	:	Research Paper
Title	:	A Study on Performance Evaluation of Select Mutual Fund Schemes:An operational Research Approach
Country	:	India
Authors	:	Dr. R.Siva Rama Prasad || H.Kanaka Durga
	:	10.9790/487X-1912076972

Abstract: Financial markets are constantly becoming more efficient by providing more promising solution to the investors. Being a part of financial markets although mutual funds industry is responding very fast by understanding the dynamics of investor's perception towards rewards, still they are continuously following this race in their endeavor to differentiate their products as well as differentiating on the methods of investments responding to sudden changes in the economy. Thus, it is high time to understand and analyze the performance of mutual funds in terms of inputs and outputs. . The present study aims to find the efficiency of select Equity Mid-Cap Mutual Fund Schemes. Data Envelopment Analysis (DEA) a non parametric technique tries to find an individual score of the efficiency and the corresponding.........

Keywords: Data Envelopment Analysis, Variable Returns to scale, Constant Returns to Scale

[1]. Banker,et al (1984) Some models for estimating technical and scale inefficiencies in data envelopment analysis, Management Science, European Journal of Operational Research
[2]. Antonides,et al(1990) Individual expectations, risk perception and preferences in relation to investment decision-making, Journal of Economic Psychology
[3]. Capon, et al (1992) Rationality and the Mutual Fund Purchase Decision, Journal of Financial Services Research
[4]. Andersen, et al (1993) A procedure for ranking efficient units in data envelopment analysis. Management Science, Journal on computing
[5]. Murthi, et al (1997) Efficiency of mutual funds and portfolio performance measurement: A non-parametric approach, European Journal of Operational Research..

Paper Type	:	Research Paper
Title	:	Game Theory As An Art of Making Strategic Decision
Country	:	Saudi Arabia
Authors	:	Mobin Ahmad
	:	10.9790/487X-1912077377

Abstract: Game theory, the investigation of strategic decision-making, unites dissimilar teaches such as mathematics, brain research and theory. The importance of game theory to current investigation and decision-making can be gagged by the way that since 1970, upwards of 12 driving market analysts and researchers have been granted the Nobel Prize in Economic Sciences for their commitments to game theory. Game theory is connected in various fields including business, back, financial aspects, political science, brain research, mathematics, computer science, military, and sports. For this situation, we investigate the establishments of game theory and break down the game theory strategies for the decision-making in business firms. Game Theory is a powerful tool for Decision...........

Keywords: Game theory, strategic, decision-making, mathematics, importance.

[1]. Gul, Faruk (2008). "Behavioural economics and game theory," The New Palgrave Dictionary of Economics.2nd Edition.
[2]. Bhatia, S. & Chaudhry, S. (2013). The dynamics of anchoring in bidirectional associative memory networks.In M. Knauff, M. Pauen, N. Sebanz, & I. Wachsmuth (Eds.),Proceedings of the 35th Annual Conference of the Cognitive Science Society (pp. 1899-1904).
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Paper Type	:	Research Paper
Title	:	Students' Perceptions of the Role of Jordanian Universities in Developing the Concepts of Social Responsibility" Applied Study at the Universities of Yarmouk and Jordanian University of Science and Technology"
Country	:
Authors	:
	:	10.9790/487X-1912077887

Abstract: The present study aimed to study and analyze the students' perceptions of the role of Jordanian universities in developing the concepts of social responsibility by focusing on four areas (academic programs, environmental conservation, scientific research and partnership with the local community) and identifying any differences related to gender, College, and academic level. The data were collected by distributing a questionnaire to a random sample of 460 students from Yarmouk University and Jordan University of Science and Technology. A total of (400) valid samples were retrieved with a percentage of (86.9%). Collected data was analyzed using the SPSS statistical package program following the descriptive analytical approach.The study Came out of a number of results, the most important...........

Keywords: University Students' Perceptions, Social Responsibility, Jordanian Universities.

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[2]. Chen, S., Nasongkhla, J., and Donaldson, J., (2015), University Social Responsibility (USR): Identifying an Ethical Foundation within Higher Education Institutions, The Turkish Online Journal of Educational Technology, Vol. 14. Issue 4, PP. 165-171. [3]. Cruickshank, J.,(2003), Realism And Sociology: Anti-Foundationalism, Ontology And Social Research. London: Routledge.p28.
[4]. Dahanand ,Senol,( 2012(, Corporate Social Responsibility in Higher Education Institutions: Istanbul Bilgi University Case, American International Journal of Contemporary Research Vol. 2 No. 3, PP. 95-103.
[5]. Hosseinzadeh, D., and Karimi, F.,( 2012), The Relationship between Value System and Moral Growth with Finding Indication in High School Students, Scholars Research library,4 (1 ), PP. 714-734.

Paper Type	:	Research Paper
Title	:	"Judiciary in Ancient India "
Country	:
Authors	:	Veya Surya M.S
	:	10.9790/487X-1912078895

Abstract: The legal framework manages the organization of the laws through the office of the law providers or the courts. The framework gives the apparatus to the settling of the question by virtue of which the oppressed. Nothing bothers in human heart more than an agonizing feeling of shamefulness. No general public can enable a circumstance to develop where the impression wins of there being no review for grievances. India has a recorded legitimate history beginning from the Vedic ages (ca.1750– 500 BCE) and some kind of common law framework may have been set up amid the Bronze Age in India that is around 3000 BCE and the Indus Valley progress, which is the period between 2600 BCE and 1900 BCE. Law as an issue of religious solutions and philosophical talk has a distinguished history in India. Exuding from the Vedas, the Upanishads and different religious writings, it was a fruitful field advanced by professionals from various Hindu philosophical schools and later by Jains and Buddhists...........

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