IOSR-JEF   Volume-6 ~ Issue-3 ~ May-June 2015

Abstract: Financial Inclusion aims to provide the financial services to the people from economically backward section of the society. The objective is to assist them in their economic improvement and achieve the sustainable growth. In this study, an effort has been made to examine the views of the people from economically backward sectionregarding the important aspects of financial inclusion. Views of 53 respondents are analyzed. Chi-Square, nonparametric statistical technique, has been used to examine whether the views of the different categories of the respondents about the important aspects of financial inclusiondiffer..

Abstract: Indian Capital market have shown tremendous growth in the post Liberalization era. It remains one of the most resilient globally and poised to be one of the top destinations for domestic and global business to expand and invest into. It promotes economic growth through the mobilization of long term saving and the savings get invested in the economy for productive purpose.

Abstract: According to the monetarists, inflation is essentially a monetary phenomenon in the sense that a continuous rise in the general price level is due to the rate of expansion in money supply far in excess of the money actually demanded by economic units. But the link between changes in money supply and inflation is not instantaneous. This study, therefore, assessed this dynamic linkage between money supply and inflation in ECOWAS member states; West African Monetary Zone (WAMZ) and West African Economic Monetary Union (WAEMU) for the period 1980-2012. The stationary properties of the series are explored both at univariate and panel sense using KPSS and ADF; IPS and LLC.

Abstract: It is widely acknowledged that an economy's vulnerability to exogenous economic shocks is largely determined by its degree of exposure to the global economy—that is, by its degree of economic openness. In this respect it is important to note that the size of impact depends on each country's mix of exports and main trading partners—that is, on its degree of export concentration. By all accounts, higher degrees of export concentration are strongly correlated with greater volatility in export earnings. Present paper focuses on estimating the degree of India's openness and estimating the diversification of India's exports calculating Herfindahl index. The findings of the present study suggests increasing integration of Indian economy with world economy since the initiation of reform process in 1991.It rose from 10.30 in 1987-88 to 40.58 in 2013-14.

Abstract: This study was aimed at filling these gaps on how supplier relations management could be used to enhance the performance of the sugar industry in Kenya. The study was guided by the following research objectives, to: determine the effect of the organization structure in the performance of an organization, determine the effect of value measurement on the performance of an organization, determine the effect of collaboration on the performance of organizations and finally determine the effects of technology in the performance of an organizations. The study adopted a survey and targeted the management and the procurement staff of the three selected sugar companies in western Kenya which are Mumias, West Kenya and Butali Sugar Companies. The study targeted the 25 departmental staff in the three companies' and inclusive of the three procurement managers who head the respective procurement departments in the companies. A total of 25 respondents were therefore targeted. The research employed a census study design. The sample size of the study comprised of 25 respondents. The questionnaires were issued to the procurement staff through their respective managers.

Abstract: The introduction of currency derivatives in India has passed a journey of almost eight years and many changes have been implemented in the trading system in this regard. The main theme of this paper is to assess the development of currency derivatives in India. In order to study the growth of the currency derivatives, the number of contracts traded, trading volume and open interest at NSE are studied. The currency derivatives have received a good response from the investors as well as the hedgers. Currently, only resident Indians (including individuals, companies and financial institutions) can trade in the four currency pairs available in the local market-dollar/rupee, pound/rupee, euro/rupee and yen/rupee.

Abstract: The purposes of this research were: 1) to identify the existence of Malay culture values in Malayentrepreneur economic activity; 2) to define the role of Malay culture values towards business behavior of Malay'sentrepreneur. This research used qualitative approch because it was able to use a reality, not only the result of the research, but also the process and other real activities about that process.The finding shown that there were some Malay cultures applied in economic activities, they were: (a) implementing tauhid (religious) concept in business; (b) believing in life after death; (c) implementing praised character in business; (d) being open to other people or country; and (e) thinking rationally. Moreover, there were some Malay culture roles in enterprise behavior of Malay society as follows: networking, reciprocity, trust, norm, and proactive.

Keywords: culture, Riau-Malay, Entrepreneurship.

Abstract: The study examined credit risk and management in Nigeria Commercial Banks. From the findings it is concluded that banks profitability is inversely influenced by the levels of loans and advances, non-performing loans and deposits thereby exposing them to great risk of illiquidity and distress. Therefore, management need to be cautious in setting up a credit policy that will not negatively affects profitability and also they need to know how credit policy affects the operation of their banks to ensure judicious utilization of deposits and maximization of profit. Improper credit risk management reduce the bank profitability, affects the quality of its assets and increase loan losses and non-performing loan which may eventually lead to financial distress. CBN for policy purposes should regularly assess the lending attitudes of commercial banks. One direct way is to assess the degree of credit crunch by isolating the impact of supply side of loan from the demand side taking into account the opinion of the firms about banks' lending attitude.

Keywords: credit, risk, management, commercial banks.

Abstract: In Kenya, SACCOs contribute 45% of country's GDP and to date the sector has effectively mobilized deposits and assets totaling to kshs200 billion and 210 billion respectively. However the successes and rapid growth of SACCOs has begun to reveal a number of basic flaws in the Products they offer. In particular, the inherent liquidity problems of many SACCOs has led a small subset of them beginning to raise additional voluntary but more liquid savings deposits from members and even some non-members Front Office Savings Activities (FOSAs). Persistent poor financial performance of SACCOs has caused most Sacco's not to achieve their desired objectives of corporations and those of stakeholders like payment of good return to shareholders on their investment i.e. dividends. This has also led to scholars, policy maker and all stakeholders in the corporate world to extensively interrogate the practice of corporate governance in SACCO .The purpose of this study was to establish the effect of corporate governance practices on the financial performance of Savings and Credit Cooperatives in Kericho Municipality .

Abstract: The last five years in Nigerian flour industryhave witnessed massive usage of price panicking as a marketing strategyto achieve short run boost in sales target. The continued usage of the strategy had overtime weakened the loyalty bond between the flour firms and their customers.Using evidence from the sales volume of the two leading flour mills, Flour Mills of Nigeria (FMN) and Honeywell Flour Mills (HFM), and evaluating the outcomes from7 occurrences of price panics in the industry between July, 2012 andMarch, 2015, the study observeda near-equal average growth rate in the sales of the two firms with and without the adoption of price panicking. Were price panicking allowed to continue with the rapidity as currently being practiced, the uncertainty and distortions that will be created therefrom would retard, rather than boost sales in the long run. The study suggests a rethinking by theNigeria Flour Mills (NFM) and Honeywell Flour Mills (HFM) who are the leading promotersof the dangerous strategy, and argued that both the firms and the industry potentially stand to lose were panicking to be sustained long into the future. Keywords:Price panicking, competition, grim trigger, Nigerian flour industry. .