IOSR-JEF   Volume-11 ~ Issue-1 ~ Jan – Feb 2020

Abstract: The purpose of this paper is to analyze the impact of firm-specific and macroeconomic variables on the profitability of the food industry in Bangladesh. It examines the impact of selected variables on companies listed in the food and allied sector of the Dhaka stock market over a five-year period from July 2013 to June 2018. The firm-specific factors include debt-to-equity ratio, asset tangibility and size, and the macroeconomic factors include interest rate, exchange rate and food inflation. Findings in this study reveal positively significant relationships between asset tangibility and profitability and between size and profitability when net income ratio is used as a measure of profitability. The other variables, including all three macroeconomic variables, have statistically insignificant impacts on profitability. As......

Keywords: Bangladesh; Firm-specific Factors; Food Industry; Macroeconomic Factor; Profitability

Abstract: The issue of global warming is being addressed with great interest and concern and continues to be the subject of debate. In this paper, we are based on the theory developed by Granger (1988) in the UEMOA countries. Using panel data on the 07 UEMOA countries over the period 1971-2017, the results show that there is a short- and long-term bidirectional relationship between CO2 emissions, GDP and fossil energy consumption in UEMOA countries. This result is consistent with that of Wang et al (2011).

Keywords: Causality, CO2, GDP, fossil fuel consumption.

Abstract: Since 1990 researchers studied the impact of herding behavior in developed and emerging countries financial markets. Herd behavior were assumed to destabilize financial markets and that is why many studies were conducted to investigate the existence of herding behavior during market stress periods. The main objective of this study is to investigate herding behavior when Istanbul stock exchange rises and falls. The study uses daily, weekly as well as monthly stock and sectoral data from the beginning of 2000 to the end of 2018. CSSD and CSAD models are used to test the existence of herding behavior in Istanbul stock exchange. The empirical finding shows that herding is more prevalent when the market falls than when it rises. This shows that herding behavior is not symmetrical in the up and down market. In addition, herding is more common in the daily data than weekly and monthly data.

Keywords: herding behavior, CSSD, CSAD, BIST 100

Abstract: A system where no physical cash in circulation is a cashless system. Payments are made through credit and debit cards, bank electronic fund transfers or virtual wallets. Cashless economy is an economic system in which there is little or very low cash based transactions, implying goods and services are bought and sold largely through an electronic means such as debit/credit cards, electronic funds transfer (EFT), mobile banking, ATMs and internet banking. The local impact of demonetization was large in more informal sectors, where cash must have played........

Keywords: Digitalization, Cashless Nudge, Digital Payment, Demonetization

Abstract: This study employed macroeconometric tools to investigate the impacts of risk factors on performance of deposit money banks in Nigeria with aggregated time series data from Nigeria Deposit Insurance Commission. It was found among others that bank performance proxied by return on assets is autoregressive, hence reinforces itself, non-performing loans (credit risks) exert negative and significant impact on bank performance within the period of the study, while average liquidity ratio (liquidity risk) insignificantly on bank performance within same period. This study found that bank performance proxied by return on assets respond to shocks of risk factors in both positive and negative direction. Therefore, suggested banks should demand insured collateral from customers on loan facility request in order to protect depositors' money as well as mitigating against risk on banks' performance.

Keywords: Non-performing Loans, Liquidity risk, ROA, ARDL, VAR