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Paper Type | : | Research Paper |
Title | : | Impact of Leverage of a Company on Stock Market Liquidity in Indian Markets |
Country | : | India |
Authors | : | Dr. Manjit Kaur Sidhu |
: | 10.9790/487X-2001030108 |
Abstract: This paper examined the relationship between leverage and the stock market liquidity of Indian firms included in the S&P BSE 500 Index from 2009 to 2013. The fixed effects panel regression model has been invoked to analyze the relationship. The empirical results support the stock market liquidity implications of leverage, that is, lower level of debt results in higher stock market liquidity of the firm. The empirical results put forth that there is a negative relationship between stock market liquidity as measured by Amihud measure and firm leverage.
Keywords: Leverage, stock market liquidity, S&P BSE 500 Index[1]. Abedini, B., & Razmi, N. (2014). Investigation effect of firmsmicro (internal) factors on stock price, in Tehran Stock Exchange. Indian Journal of Fundamental and Applied Life Sciences, 4(4), 792-806.
[2]. Abor, J. (2005). The Effect of Capital Structure on Profitability: Empirical Analysis of Listed Firms in Ghana. Journal of Risk Finance, 6(5), 438-445.
[3]. Agarwal, P. (2009). Institutional ownership, liquidity and liquidity risk. Doctoral dissertation: Cornell University.
[4]. Ahmed Sheikh, N., Wang, Z., & Khan, S. (2013). The impact of internal attributes of corporate governance on firm performance: evidence from Pakistan. International Journal of Commerce and Management, 23(1), 38-55.
[5]. Amador, O. F., Gachter, M., Larch, M., & Peter, G. (2011). Monetary policy and its impact on stock market liquidity: Evidence from the euro zone. Working Papers in Economics and Statistics: University of Innsbruck
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Paper Type | : | Research Paper |
Title | : | Workplace social programmes and Employee commitment: a literary reflection |
Country | : | Nigeria |
Authors | : | Isaac Zeb-Obipi || Joy Titi Agada |
: | 10.9790/487X-2001030916 |
Abstract: This paper examined the relationship between workplace social programmes and employee commitment. The objective of the study was to examine how dimensions of workplace social programmes such as seasonal parties, event tours, and award ceremonies influence normative, affective, and continuance commitment. The method used for the study was a survey of literature. The following findings were made: well-organized seasonal parties enhance normative commitment; event tours boost and sustain affective commitment, award ceremonies also boost continuance commitment. The study concluded that regular and well-executed workplace social programmes boost and sustain employees' commitment. Consequently, the study recommends that organizations should hold well-planned award ceremonies to appreciate and boost the commitment staff, regular group tours and retreat to provide platform for interpersonal interaction among staff, and annual end-of-year parties garnished with picnics and other..........
Keywords: Affective commitment, Award ceremonies, Continuance commitment, Employee commitment, Event tours, Normative commitment, Seasonal parties, Workplace social programmes.[1]. S. Otamiri, and S. Odu, Infopreneurship and socio-economic emancipation of the Niger Delta. 2nd National Conf. of National Association of Business Educators of Nigeria, Rivers State University, Port Harcourt. (2017)
[2]. J. Ruchi, and K. Surinder, Impact of work environment on job satisfaction. International Journal of Scientific and Research Publications. 4 (1), 2014, 1-4.
[3]. E.Gbonee, Social environment and employee‟s job performance in selected firms in Port Harcourt, thesis, Rivers State University, Port Harcourt, Nigeria, 2017.
[4]. G. Meyer, and R. W. Allen, Affective, continuance, and normative commitment to the organization: An examination of construct validity. Journal of Vocational Behavior, 49, 1991, 252–276.
[5]. O. Ameh, Introduction to human resource management. (Port Harcourt: Celwil Publications, 2013)..
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Paper Type | : | Research Paper |
Title | : | The importance of SME Bank selection criteria-a review through the literature |
Country | : | Bangladesh |
Authors | : | Tanjina Shahjahan |
: | 10.9790/487X-2001031720 |
Abstract: This study analyzes the important role of Small and Medium Sized Enterprises (SME) on the economic growth for both developed and developing countries. Based on the literature review, this study identified very few research work, which were conducted based on SME bank selection. However, bank plays a major role for SME's sustainability and growth. The future scope of this study can identify the important factors for the SME clients in choosing a bank in Bangladesh as no such research has been done. Moreover, we can also compare the important factors that SME clients consider among developed and developing countries.
Keywords: Small and Medium- sized enterprises, Bank selection, Bangladesh
[1]. Welsh, J.A. and White, J.F. (1981),"Small business ratio analysis: a cautionary note to consultants",Journal of Small Business Management, Vol. 19 No. 4, pp. 20-23
[2]. D‟amboise, G. and Muldowney, M. (1988),"Management theory for small business: attempts and requirements",Academy of Management Review , Vol. 13 No. 2, pp. 226-240.
[3]. Bedman Narteh, Nana Owusu‐Frimpong, (2011) "An analysis of students' knowledge and choice criteria in retail bank selection in sub‐Saharan Africa: The case of Ghana", International Journal of Bank Marketing, Vol. 29 Issue: 5, pp.373-397, https://doi.org/10.1108/02652321111152909.
[4]. Mohammed Almossawi, (2001) "Bank selection criteria employed by college students in Bahrain: an empirical analysis", International Journal of Bank Marketing, Vol. 19 Issue: 3, pp.115-125, https://doi.org/10.1108/02652320110388540.
[5]. Carolyn Kennington, Jeanne Hill, Anna Rakowska, (1996) "Consumer selection criteria for banks in Poland", International Journal of Bank Marketing, Vol. 14 Issue: 4, pp.12-21, https://doi.org/10.1108/02652329610119283.
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Paper Type | : | Research Paper |
Title | : | Workforce Career Needs and the Organization's Career Management Activities |
Country | : | Kenya |
Authors | : | Marie-Anne Razafiarivony |
: | 10.9790/487X-2001032126 |
Abstract: The focus of the study was about the extent to which the organization's career management activities matches its employees career needs. Using the theories of career needs and organizational career management, the study attempted to examine the career needs of a group of workers and their employing organization's career management activities to see if the needs were met. A cross-sectional correlational study design was used. The setting was in Kenya, Africa, in a suburb area outside of Nairobi. Using random sampling procedure, 155 questionnaires were distributed to a group of individuals who worked in various organizations in that area. A self-designed questionnaire was used as instrument and was divided principally into two major sections that surveyed the needs and the organizational management activities. The findings showed significant differences in the way.........
Keywords: career, career needs, decent work, organizational career management[1]. L.R. Gomez-Mejia, D. Balkin, R.L. Cardy, Managing Human Resources (4th ed.) (New Jersey: Prentice-Hall, 2004).
[2]. J.L. Leach, and B.J. Chakiris, The future of jobs, work and careers, Training and Development Journal. 1988, 48-55.
[3]. D.T. Hall, The protean career: a quarter-century journey. Journal of Vocational Behavior 65, 2004, 1–13.
[4]. M. Ncube, C. Leyeka Lufumpa, V. Murinde, D. Vencatachellum, F. Ngaruko, and T. Nwachuku, Enhancing capacity for youth employment in Africa: some emerging lessons, African Development Bank, 2(2), 2011, 1. Ibid.
[5]. L.M. Mendez, and K.M. Crawford, Gender-role stereotyping and career aspirations: A comparison of gifted early adolescent boys and girls. Journal of Secondary Gifted Education, 13, 2002, 96-107..
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Paper Type | : | Research Paper |
Title | : | Capital Budgeting Decisions And Profitability In Manufacturing Firms |
Country | : | Turkey |
Authors | : | Ali Mohamed Ali Farah || ZelhaAltinkaya |
: | 10.9790/487X-2001032737 |
Abstract: The study set to investigate the relationship between capital budgeting decisions and profitability in manufacturing firms. Capital budgeting particularly addressed five areas of the study that included capital budgeting decisions (acquisition of long-term assets, replacement of long-term assets, investment appraisal techniques, outsourcing expenditure and working capital decisions) had a biggest and significant effect on profitability of the organizations. This study basically involved survey of the manufacturing company known as Mukwano group of companies, in Uganda. Total of 240 questionnaires were disturbed into the respondent and 152 questionnaires were returned so the data was analysed through "Statistical Package for Social Science" SPSS Version 19. Multiple regression analysis and correlation were used to analyses the data. The findings show evidence of that there is significant.........
Keywords: Acquisition of long-term assets, replacement of long-term assets, capital budgeting techniques, outsourcing expenditure, working capital decisions and profitability.[1]. Afonso, L., José,S. Fátima, M., André X., (2017) "A qualitative analysis of capital budgeting in cotton ginning plants", Qualitative Research in Accounting & Management, Vol. 14 Issue: 3, pp.210-229, https://doi.org/10.1108/QRAM-07-2016-0055.
[2]. Asoke, K. (2009). Financial Policy and Management Accounting, a Management Perspective, (8th Ed), Prentice Hall, New Delhi. 253-267.
[3]. Bierman, Harold and Seymour Smiedt (2011) The Capital Budgeting Decision, New York: Macmillan Publishing Company.
[4]. Blocher, E. Chen, K & Lin, T. (2002). Cost management: Strategic emphasis (2nd Ed). 45-51, New York: McGraw-Hill, Inc.
[5]. Chasteen, L., Flaherty, R and O' Connor, M. (1998). Intermediate accounting (6th Ed). New York: McGraw Hill company, Inc..
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Abstract: Social media allows customers and prospects to communicate directly to the brand representative or about the brand with their friends. However, the obvious question is: who are the people interacting online and how engaged are they in online activities? This paper aims to answer this question based on a study regarding the online activities of 70 social media users, to evaluate the factors influencing, use of social media, for marketing. As Internet is becoming part of the day-to-day life of the majority of the world, and within this environment, a new form of communication has gained importance in recent years,and that is Social networking sites. It is one of the most effective and significant business development tool in the 21stcentury because of its ability to connect individuals with others. To satisfy the research data has collected............
Keywords: social media marketing, online consumer behaviour, online segmentation, Demographic Profile[1]. Antoine Lamarre,SimonGalarneau,HaroldBoeck. (2012). mobile marketing and consumer behaviour current research trend. 3.
[2]. Basheer. A.M. Al-alak. (2010). Mobile marketing: examining the impact of trust, privacy concern and consumers' attitudes on intention to purchase.
[3]. Dr. Shalini Nath Tripathi,Er. Monika Mittal. (n.d.). Investigating the impact of mobile marketing in the current Indian scenario and proposing customerization as a solution.
[4]. ElisabetaIoanăs, IvonaStoica. (2014). Social media and its impact on consumers behaviour. International Journal of Economic Practices and Theories , 4.
[5]. Fazal urRehman,TariqNawaz,AminullahKhan,ShabirHyder. (2014). How advertising affects the buying behaviour of consumers in rural areas: a case of Pakistan. Academic Research International , 5..
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Paper Type | : | Research Paper |
Title | : | Establishing, Growing, and Maintaining Small Businesses in Nigeria. |
Country | : | Nigeria |
Authors | : | Dr. Babandi Ibrahim Gumel |
: | 10.9790/487X-2001034862 |
Abstract: Small businesses are important to the growth of the Nigerian economy by employing more than 80% of the country's workforce. Despite the importance of small businesses to the Nigerian economy, there is a continuing decline in their establishment, growth, and maintenance. The phenomenological study revealed the interpretations of entrepreneurs of the central phenomenon on establishing, growing, and maintaining small businesses in Nigeria. Using the Moustakas's (1996) modified van Kaam method, data were collected through the interview with 25 business leaders from Jigawa State – Nigeria. Five leaders of small businesses from each of the following five sectors were interviewed: agricultural, construction, manufacturing, wholesale and retail, and transportation. The participants selected........
Keywords: Entrepreneurship, Small Businesses, Establishing, Growing, Maintaining, Leadership Style, Organizational Culture, Learning Organization, Nigeria.[1]. Du, J., & Banwo, A. (2015). Promoting SME Competitiveness: Lessons from China and Nigeria.
[2]. American Advanced Research in Management, 1(1), 1-12. Retrieved from http://s3.amazonaws.com/academia.edu. Cull, R., Davis, L. E., Lamoreaux, N. E., & Rosenthal, J. L. (2006). Historical financing of small and medium-sized enterprises. Journal of Banking and Finance, 30(11), 3017-3042.
[3]. Lucchetti, R., & Sterlacchini, A. (2004). The adoption of ICT among SMEs: evidence from an
[4]. Italian survey. Small Business Economics, 23(2), 151-168.
[5]. Ayanda, A. M., & Laraba, A. S. (2011). Small and medium scale enterprises as a survival
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Abstract: La confiance retrouve sa première définition dans la psychologie sociale. Elle est considérée comme le facteur déterminant de la coopération entre les individus. La relation de confiance est née entre deux parties dès lors qu'une partie a l'assurance que l'autre partie adoptera un comportement coopératif et positif. Dans les organisations, la confiance est une valeur primordiale sans laquelle, il est difficile que la relation de travail perdure. La relation de confiance est remise en cause à partir du moment où les départs dans l'organisation sont de plus en plus fréquents. Dans cet article, nous avons tenté de retrouver quelques éléments d'explication à ce phénomène sur la base d'une étude qualitative auprès d'un échantillon de managers dans le secteur de l'hôtellerie. L'absence de communication.......
Keywords: Confiance, rotation, turn-over,[1]. Williamson, DE (1993) "Opportunism an its critics, managerial an decision economics" Volume 14, p 97-107.
[2]. Yanat Z, (2004) "Diagnostic d'entreprise, une démarche humaniste dans un monde normative" in Revue Management et avenir, n°1.
[3]. Jensen et Meckling (1976) "Theory of the firm: managerial behaviour, Agency Cost an ownership structure" in journal of financial economics, volume 3, p 305-360.
[4]. Alter Norbert (2009) "Donner et prendre. La coopération dans l'entreprise ». Editions la Découverte.
[5]. Placet Jean Luc (2010) « Chronique du conseil : Restaurer la confiance ? au travail ! » Revue Ressources Humaines et Management N°36. janvier
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Abstract: Tourism has been at the center of focus in most of the African countries since it has been taunted as one of the leading sectors in promoting economic development of a country. Globally, tourism directly and indirectly generates and supports 195 million jobs and expected arrival forecast of 1.5 billion tourists by 2020. In Kenya, tourism is responsible for the expected growth of 10% of the gross domestic product. Tourism is also an under exploited sector with considerable potential for expansion, particularly given the high labour absorption capacity of small businesses. Tourism businesses therefore have been identified as essential actors for creating jobs and generally growing the economy. This study therefore investigated how entrepreneurial opportunities in tourism environment affect entrepreneurship development of Host Community in Maasai Mara National Game Reserve in Narok County.......
Keywords: Host Community, Tourism Environment, Entrepreneurial Opportunities, Entrepreneurship Development[1]. Aidis, R. (2005). Entrepreneurship in Transition Countries: A Review. Centre for the Study of Economic and Social Change in Europe (CSECSE) working paper Number 61.
[2]. Acs, Z. & Audretsch, D. (2003). Handbook of Entrepreneurship Research, New York Springer.
[3]. Benzing, C. C., Hung, M. & Kara, O. (2009). Entrepreneurs in Turkey: A factor analysis of motivations, success factors, and problems. Journal of Small Business. Management. 47(1):58-91.
[4]. Berlung, K. & Johansson, A.W. (2007). Entrepreneurship, Discourses an Conscientization in Processes of Regional Development, Entrepreneurship and Regional Development, 19, November, 499-525.
[5]. Boettke & Coyne, (2004) The Influence of Self-Efficacy on the Development of Entrepreneurial Intentions and Actions. Entrepreneurship Theory and Practice. pp.63-77.