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| Paper Type | : | Research Paper |
| Title | : | A Financial Analysis of IDBI Bank |
| Country | : | India |
| Authors | : | Dr. O.P Gupta || Sandeep Vyas |
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: | 10.9790/5933-05620105  |
Abstract: Banks in a financial system play the important role of financial intermediation. It is the banking sector that forms the basis of financial institutionalization in a country and transforms savings into investments. Banks pool savings from fund surplus sources mainly households and allocate to the government and industries thereby effectively allocating savings for domestic capital formation. Banks in this way also offer risk free investment avenue for depositors. The paper focuses on the financial analysis of IDBI Bank which merged with its DFI (Development Financial Institution) unit in the post liberalization period with a view to ascertain whether the financial sector reforms have adversely affected the functioning of the Bank.
[1]. Datt R. and Sundaram K.P.M., 2006: 'Indian Economy', S. Chand & Company Ltd., New Delhi, 781.
[2]. Ahluwalia, M.S., 1993: 'India's Economic Reforms:The Future of Economic Reform', Oxford University Press: New Delhi. Economics 58, 187-214.
[3]. Ahluwalia, M. S., 2000: 'Economic Reforms of States in Post-Reform Period', Economic and Political Weekly, 6 May,http://www. states forum.org/DATA/Economic%20 Performance % 20of%20states-Montek.pdf
[4]. Annual Reports 2008-2013, RBI
[5]. Bhandari L, Dasgutpa S. and Gangopadhyay S., 2003: 'Development Financial Institutions, Financial Constraints and Growth: Evidence from the Indian Corporate Sector', Journal of Emerging Market Finance, Vol. 2, No. 1, 83-121.
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| Paper Type | : | Research Paper |
| Title | : | Impact of Law of Demand & Supply on Stock Market: A Study of Most Active BSE Indices with the Help of RSI |
| Country | : | India |
| Authors | : | Esha Jain |
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: | 10.9790/5933-05620615 |
Abstract:The law of supply and demand is not an actual law but it is well confirmed and understood realization that if you have a lot of one item, the price for that item should go down. At the same time you need to understand the interaction; even if you have a high supply, if the demand is also high, the price could also be high. In the world of stock investing, the law of supply and demand can contribute to explaining a stock's price at any given time. It is the base to any economic understanding. In this research paper, the impact of law of supply and demand is taken into consideration with special reference to stock market. For this purpose, 30 companies of Bombay Stock Exchange are taken into consideration whom stocks are most active on the last Friday of the month, September 2014 and to calculate the market equilibrium trend for those companies, one of the most reliable technical indicator is taken into consideration which is commonly known as RSI (Relative strength Index).
[1]. Cardwell, A., & Hayden, J. (2000). The relative strength index advantage: Combining RSI and other analysis techniques into a winning methodology. Chicago, Ill: Irwin.
[2]. Evans Gary (2012). Financial Economics, Chapter 3, a Supply and Demand Model for Stocks.From http://www2.hmc.edu/~evans/CH3StockSD.pdf
[3]. http://education.howthemarketworks.com/articles/the-power-of-supply-and-demand-on-stock-prices/
[4]. http://www.marketwatch.com/story/how-supply-and-demand-impact-stocks-2012-04-12 [5]. Miller, R. M. (2001). Paving Wall Street: Experimental economics and the quest for the perfect market. New York: Wiley. [6]. Person, J. L. (2013). Mastering the stock market: High probability market timing & stock selection tools. Hoboken, N.J: John Wiley & Sons.
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| Paper Type | : | Research Paper |
| Title | : | Incorporation of Actuarial Sciences education course in academic domain: its scope, necessity, expected efficacy and contribution, therein development proposal for Bangladesh |
| Country | : | Bangladesh |
| Authors | : | Mahfuz Ibn Mannan |
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: | 10.9790/5933-05621620 |
Abstract: This paper addresses the universal worthiness of actuarial sciences and works on current status and activities in the actuarial sciences landscape vis-à-vis fetches the importance of necessity of relevance in actuarial approach, capacity, applications, developments for Bangladesh, and then seeks the necessity of the systematic, framework-wise, planned measures from erudite end, academic policy makers, curriculum setter, education management, trainer and this kind of institutional bodies to realize the importance of incorporation of actuarial sciences education courses and address it's expected increasing demand for Bangladesh.
[1]. The Documents from the Actuarial Society of Bangladesh (ASB), Bangladesh
[2]. The website information from University Grants Commission (UGC) of Bangladesh
[3]. The information from BBS (Bangladesh Bureau of Statistics), Bangladesh
[4]. The website information from the Bangladesh Bank (BB), Bangladesh
[5]. The website information of the Insurance Development and Regulatory Authority (IDRA), Bangladesh
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| Paper Type | : | Research Paper |
| Title | : | Impact of Rupee Exchange Rate on Business Opportunities in India |
| Country | : | India |
| Authors | : | Nirav Desai || Sudha Rani Edupuganti || Shwetha Bhat || Kritika Bansal || Prof. Harshali |
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: | 10.9790/5933-05622124 |
Abstract:In this paper, we present an analysis of the macro economy in India with respect to the exchange rate of the Rupee and de regulation of oil prices. These 2 factors have been critical in deciding the business competitiveness of the economy and their individual effects are studied. Various business competencies arising from strong and weak Rupee as well as de-regulated prices of oil are discussed.
Key Words: exchange rate, de-regulation, devaluation, export competitiveness, trade deficit, fuel subsidy, macroeconomics, union budget
[1]. Rupee's journey since Independence: Down by 65 times against dollar: The Economic Times: http://articles.economictimes.indiatimes.com/2013-08-24/news/41444029_1_indian-rupee-american-currency-continued-dollar-demand
[2]. Indian economy: A journey of last 65 years: License Raj: http://zeenews.india.com/business/slideshow/indian-economy-a-journey-of-last-66-years_68.html/10
[3]. RBI to buy 20 tonnes of IMF gold: LIVEMINT http://www.livemint.com/Home-Page/BtrypkIoTHQ1g0rYq5JNgP/RBI-to-buy-200-tonnes-of-IMF-gold.html
[4]. Rupee is undervalued by 40%. Fair value would be Rs.40/Dollar: The Economic Times: http://articles.economictimes.indiatimes.com/2012-03-10/news/31143096_1_convertibility-rupee-finance-minister
[5]. India Balance of Trade: TRADINGECONOMICS.COM: http://www.tradingeconomics.com/india/balance-of-trade
[6]. Steel firms bet exports on weak Rupee, domestic slump: The Economic Times http://economictimes.indiatimes.com/markets/commodities/steel-firms-bet-on-exports-on-weak-rupee-domestic-slump/articleshow/25264433.cms
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| Paper Type | : | Research Paper |
| Title | : | Liquidity Positioning and Firm Performance in Industrial/Domestic Product Companies: Evidence from Nigeria |
| Country | : | Nigeria |
| Authors | : | Anastasia Nwakaego Duru || Michael Chidiebere Ekwe || Grace Chinyere Eje |
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: | 10.9790/5933-05622532 |
Abstract: This study analyses the effect of liquidity positioning on performance of the Industrial/Domestic products manufacturing companies in Nigeria. It appraises the liquidity level expected for effective organizational performance. The variables studied included: liquidity ratio, sales growth rate and debt ratio selected for this study for the period 2000-2011. The hypotheses were analyzed and tested with the use of Generalized multiple regressions. The findings of the study show that, liquidity positioning had negative and significant relationship with industries profitability.
[1]. Asia, and Tahmiscioglu, A. K. (1997). A Panel analysis of liquidity constraints and firm investment. Journal of American statistical association 92,455 – 465.
[2]. Bhunia, A. (2007). Liquidity positioning of public sector iron and steel enterprises in India. Vidyasager university journal of commerce. 12
[3]. Ejelly, A.M.A. (2004). Liquidity – profitability trade - off: An empirical investigation in emerging market. International journal of commerce and management. 14[2], 48-61.
[4]. Enyi, E.P. (2005). Applying relative solvency to working capital management.Kafi, kafi university press.
[5]. Hutchson P. D (2002). Cash-to-cash : The new supply chain management metric international journal of physical distribution and logistics management 32(4)
[6]. Karaduman. H.A. Akbas, H.E. caliskan, A.O. and Durers, (2011). The relationship between working capital management and profitability: evidence form and an emerging market. International research journal of finance and economics issue, 62, 61 – 67.
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| Paper Type | : | Research Paper |
| Title | : | Liquidity offer in order driven markets |
| Country | : | Marocco |
| Authors | : | Kaltoum Lajfari |
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: | 10.9790/5933-05623340 |
Abstract: Being an essential quality of the financial markets, market liquidity represent a big concern for both, financial authorities and investors. Liquidity offer depends on several parameters including the mode of organization of exchanges. In order driven market, limit order plays a central role in liquidity offer. However, it represents many risks to the investor in contrast with a market order. Keywords: market liquidity, liquidity offer, order driven market, limit order, limit order risks.
[1] Glosten L.R., « Is the Electronic Open Limit Order Book Inevitable » Journal of Finance N°4, 1994.
[2] Rock K., « The specialists order book and price anomalies », Cahier de Recherche, Graduate School of Business-Harvard University, 1990.
[3] Parlour C., « Price Dynamics in Limit Order Markets », Review of Financial Studies 11, 789–816, 1998.
[4] Handa P., et Schwartz R.A., « Limit Order Trading », Journal Of Finance N°51, 1835-1861, 1996.
[5] Hollifield B., Miller R., Sandas P., and Slive J., «Estimating the Gains from Trade in Limit-Order Markets », The Journal Of Finance, N°6, 2006.
[6] Cohen K.J., Hawawini G.A., Maier S.F., Schwartz R.A., et Whitcomb D.K., « Friction in the trading process and the estimation of systematic risk », Journal of Financial Economics, 263-278, 1983
[7] Foucault T., Kadan O. et Kandel E., « The Limit Order Book as a Market for Liquidity », Review of Financial Studies, 1171–1217, 2001.
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| Paper Type | : | Research Paper |
| Title | : | Banking System Credit to Small and Medium Scale Enterprises (SMEs) and Economic Growth in Nigeria: A Co-integration Approach |
| Country | : | Nigeria. |
| Authors | : | Sebastian O. Uremadu || Ogechi I. Ani || Okwuchukwu Odili |
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: | 10.9790/5933-05624151 |
Abstract: This study examined the impact of banking system credit to small and medium scale enterprises (SMEs) and economic growth in Nigeria using annual data covering 1981 to 2013 periods. The study employed ordinary least square (OLS) and co-integration econometric method with the use of sequential modified LR test statistic as lag length selection criteria to conduct its tests and analysis. The results revealed that the banking system credit to SMEs though gradually increased yearly as a result of increase in population and hence economic activities, the credit to SMEs as a percentage of total credit to the private sector declined yearly.
[1]. Abereijo, O. A. and Fayomi, O. (2009), "Innovative Approach to SME Financing in Nigeria: A Review of Small and Medium Industries Equity Investment Scheme (SMIEIS)", J.Soc.Sci.,11(3), pp. 219-227, 2005, 2009.
[2]. Afolabi, M. O. (2013), "Growth Effect of Small and Medium Enterprise (SMEs) Financing in Nigeria." Journal of African Macroeconomic Review Vol. 3, (1) 192 – 205.
[3]. Ahiawodze, A. K. and Adade, T. C. (2012), "Access to Credit and Growth of Small and Medium Scale Enterprises in the Ho Municipality of Ghana," British Journal of Economics, Finance and Management Sciences, Vol. 6 (2),34 – 51.
[4]. Akingunola, R. O. (2011), "Small and medium scale enterprises and economic growth in Nigeria: An assessment of financing options." Pakistan Journal of Business and Economic Review, 2(1).
[5]. Anyanwu, C. M. (2001), "Financing and Promoting Small-Scale Industries: Concepts, Issues and Prospects," CBN Bullion, Vol. 25 No.3, July- September, pp 12-15.
[6]. Altman, E.I., Sabato, G., and Wilson, N. (2008), "The Value of Qualitative Information in SME Risk Management," Journal of Financial Services Research, 40, 15-55.
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| Paper Type | : | Research Paper |
| Title | : | Whether Inflation Hampers Economic Growth in Nepal |
| Country | : | Nepal |
| Authors | : | Rajendra Adhikari |
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: | 10.9790/5933-05625256 |
Abstract: Present paper seeks to examine whether inflation hampers economic growth in Nepal or not with the help of Distributed Lag Models using the annual data of GDP and Consumer Price Index (CPI). The nominal GDP is converted into real terms and transformed into logarithmic form and the first difference of the real GDP in logarithmic form is taken as the proxy for economic growth. The CPI data is converted into logarithmic form and its first difference is taken as the proxy for inflation.
[1]. Barro, R. J. and Sala-i-Martin (1995), "Economic Growth". New York: McGraw Hill.
[2]. Briault, C. (1995), "The Costs of Inflation". Bank of England Quarterly Bulletin 35: 33-44.
[3]. Bruno, M. and W. Easterly (1998), "Inflation Crisis and Long-run Growth". Journal of Monetary Economics, Volume 41(1), pp. 3-26.
[4]. Ghosh, A., and S.Phillips. (1998). "Warning: Inflation May Be Harmful to Your Growth". IMF Staff Papers, 45: 672-710 .International Monetary Fund.
[5]. Gujarati, D.N. (1995). "Basic Econometrics". Mc Graw Hill Book Co., Singapore.
[6]. Hasanov, F. (2010), "Relationship between Inflation and Economic Growth in Azerbaijani Economy: Is there any Threshold Effect?" Asian Journal of Business and Management Sciences, Vol. 1, No. 1, pp. 6-7.
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| Paper Type | : | Research Paper |
| Title | : | The Role of Situational and Individual Factors on the Premature Sign-Offs of Audit Procedures |
| Country | : | Indonesia |
| Authors | : | Cakti Dito Angkoso || Bambang Subroto || Sutrisno |
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: | 10.9790/5933-05625768 |
Abstract: This research aims to examine the role of situational and individual factors on premature sign offs behavior during the work of audit procedure at CPA (Certified Public Accountant) firms in Surabaya. The situational factors examined in this research consist of time pressure, audit risk, review procedure, and quality control; meanwhile, the individual factors observed in this research are organizational commitment and turnover intention. The sample of this research is auditors at CPA firms in Surabaya with 186 auditors sample as the predetermined sample who are selected by using random sampling technique.
[1] Republik Indonesia. 2011. Undang-Undang No. 5 tahun 2011 tentang Akuntan Publik. Lembaran Negara RI tahun 2011 No. 51. Jakarta.
[2] Alderman, C.W., and Deitrick, J.W. 1982. Auditor's Perceptions of Time Budget Pressure and Premature Sign-0ffs: A Replication and Extension. Auditing: A Journal of Practice and Theory, 1 (2): 54-68.
[3] Arens, A.A., Elder, R.J., and Beasley, M.S. 2006. Auditing and Assurance Services. Edisi Kedua belas. Erlangga. Jakarta. h.36-55.
[4] Arens, A.A., Elder, R.J., Beasley, M.S., dan Jusuf, A.A 2011. Jasa Audit dan Assurance – Pendekatan terpadu (Adaptasi Indonesia). Salemba Empat. Jakarta. h. 48-280.
[5] Arikunto, S. 2007. Prosedur Penelitian Suatu Pendekatan Praktik. PT. Rineka Aksara. Jakarta. h.165-167.
[6] Boynton, W.C., Johnson, R.N., and Kell, G.W. 2003. Modern Auditing Jilid 1 Edisi Ketujuh (Alih Bahasa Rajoe, P.A., Gania, G., dan Budi, I.S), Erlangga. Jakarta. h. 12-15.
[7] Coram, P., Juliana, N.J., and Woodliff, D. 2003. A Survey of Time Budget Pressure and Reduced Audit Quality Among Australian Auditors. Australian Accounting Review, 13 (1): 38-45.
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| Paper Type | : | Research Paper |
| Title | : | The Determinants of Commercial Banks Profitability in Zimbabwe (2009-2014) |
| Country | : | Zimbabwe |
| Authors | : | Tough Chinoda |
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: | 10.9790/5933-05626980 |
Abstract:The aim of the research is to identify the determinants of bank profitability. The researcher identified that internal factors are the major determinants of bank profitability. A sample of 5 commercial banks out of a population of 18 was used. The researcher recommended that macroeconomic policies are of great important. Inflation reduces credit expansion by contributing to higher net interest margins. Thus, policies aimed at controlling inflation should be given priority in fostering financial intermediation. Since the output cycle matters for bank profits, fiscal and monetary police that are designed to promote output stability and sustainable growth are good for financial intermediation. Also fees and commission should be monitored and managed so that a customer is not deceived.
Key words: Bank charges, commercial banks, determinants, interest rates, profitability
[1] Abreu, M., Mendes, V., 2002. Commercial Bank Interest Margins and Profitability: Evidence from E.U. Countries. Working Paper Series, Porto
[2] A Framework for Assessing Corporate Governance and Financial Risk, World Bank Publications, 2003 - 367 pages
[3] Ahmad ArefAlmazari 2014 Impact of Internal Factors on Bank Profitability: Comparative Study between Saudi Arabia and Jordan, Journal of Applied Finance & Banking, vol. 4, no. 1
[4] Anna P. I. Vong and Hoi Si Chan (2009), Determinants of Bank Profitability in Macao: Macao Monetary Research Bulletin
[5] Barclays Bank of Zimbabwe Audited Financial Statements [online] Available: http://www.barclays.com
[6] Commercial Bank of Zimbabwe Audited Financial Statements [online] Available: http://www.cbz.co.zw
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| Paper Type | : | Research Paper |
| Title | : | Evolution of Banking in India |
| Country | : | India |
| Authors | : | Rimple Saini || Dr.S.L.Lodha |
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: | 10.9790/5933-056281128 |
Abstract: The story of banking has much in common, as it evolved with the moneylenders accepting deposits and issuing receipts in their place.The existence of professional banking in India could be traced to the 500 BC. Kautilya‟s Arthashastra, dating back to 400 BC contained references to creditors, lenders and lending rates. Banking was fairly varied and catered to the credit needs of the trade, commerce, agriculture as well as individuals in the economy.An extensive network of Indian banking houses existed in the country connecting all cities/towns that were of commercial importance. They had their own inland bills of exchange or hundis whichwere the major forms of transactions between Indian bankers and their trans-regional connections.
[1]. As quoted by the Indian Central Banking Enquiry Committee (1931), Chapter II page 11.
[2]. Hundis are the oldest form of credit instruments that were used as early as the 12 century AD. Deposits were accepted by some indigenous banks under the "khata putta‟ system. However, most indigenous banks like Multanis and Marwaris did not accept deposits as they relied on their own funds, see Bagchi(1987).
[3]. Northcote Cooke, "Rise and Progress of Banking in India‟ (1863) quoted by Tandon (1988).
[4]. Reserve Bank of India (2006).
[5]. Indian Central Banking Enquiry Committee (1931)