Version-2 (July-August 2015)
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| Paper Type | : | Research Paper |
| Title | : | Impact of Microcredit on Socio-Cultural Status of Members of Wshgs; A Study in Jagatsinghpur District |
| Country | : | India |
| Authors | : | Sudhir Chandra Bhuyan |
Abstract: Odisha is a mineral rich state in India but the economy of the state mainly dependents on agricultural. Majority of the population belongs to rural areas; therefore rural sector is the main source of economic development and manpower in the state. The western part of the state is rich with industrialization whereas the eastern part of the state is rich with highly futile lands. In eastern part one of the costal district is Jagatsinghpur. Development of rural areas is essential for the enhancement of overall economy and for the betterment of rural communities. The aim of the present study was to find the impact of microcredit on socio- cultural status of the WSHG members in rural areas of district Jagatsinghpur. The universe for the present study was all WSHG of the said district.
[1]. Borchgrevink,A., Tassew,W., GebrehiwotA., Woldeab,T .(2005). Marginalized Groups, Credit and Empowerment: The case of Dedebit Credit and Saving Institution(DECSI) of Tigray, Ethiopia. Association of Microfinance Institutions, Occasion al Paper No.14.Swptember 2005, Addis Ababa, Ethiopia.
[2]. Brett, A. J (2006), "We Sacrifice and Eat Less": The Structural Complexities of Microfinance Participation, Human organization" Vol. 65, No. 1, pp. 8-19.
[3]. Chliova M , Brinckmann J and Rosenbusch N (2014), "Is microcredit a blessing for the poor? A meta-analysis examining development outcomes and contextual considerations." Journal of Busines Venturing. Journal of Business Venturing, Volume 30, Issue 1, Pages 185
[4]. Crépon at el (2015) "Estimating the Impact of Microcredit on Those Who Take It Up: Evidence from a Randomized Experiment in Morocco." American Economic Journal: Applied Economics, 7(1): 123-50.
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| Paper Type | : | Research Paper |
| Title | : | Analysis of Islamic Financial System in the Global Market: And Entry in India |
| Country | : | India |
| Authors | : | Uruj Saquib || Dr. Rosy Kalra |
Abstract: Islamic finance has grown rapidly, even though it is still a small share of the global financial market. The Islamic banking segment has increased its penetration in many countries. It has became systematically important in Asia and Middle east, while the global issuance of Sukuk- the Islamic equivalent of bonds- is expanding with remarkable international reach of issuers and investors. This trend is expected to continue, driven, in particular, by strong economic growth in countries with large and relatively unbanked, Muslim populations. The Islamic finance industry offers important potential benefits, the IMF stated in its IMF Research June 15 bulletin.
[1]. Visser, A.M. Wayne and Mc Intosh. A short review of the historical critique of usury.Routledge. (e.g. 2), pp.175-189
[2]. Surah Al- Baqrah (2:275). QURAN. 1st ed. : .
[3]. Leviticus (25:36). BIBLE. 1st ed. : .
[4]. Hanif, Muhammad, (Feb 2011). Differences and similarities in Islamic and conventional banking. International journal of business and social science. 2 (2), pp.
[5]. Masood, Omar. The rightful way of banking, pp.109
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| Paper Type | : | Research Paper |
| Title | : | Lease Accounting Methodology: A Theoretical Reflection |
| Country | : | Nigeria |
| Authors | : | Loveday A. Nwanyanwu |
Abstract: The purpose of this paper is to examine lease accounting methods and x-ray how they influence a choice of lease arrangements. Requirements of International Accounting Standards (IAS) 17 were considered including theoretical framework on the various dimensions of leasing. From archival data, preference is given to operating leases as an off-statement of financial position financing. It also possesses few bottlenecks than finance leases in terms of compliance with accounting requirements. Consequently, it is essential to take cognisance of the complexities inherent in the respective lease options before deciding on which one to undertake. Moreover, the need to be computer literate as a result of growing trends in information and communication technology (ICT) is vital because most leasing arrangements presently, are perfected using sophisticated software.
[1]. Agundu, P. U. C. and Mba, T. E. (2005), "Leasing Business in Nigeria: Operational issues and challenges" Multidisciplinary Journal of Empirical Research, 2(2), 1-7.
[2]. Chandra, P. (2001), Financial Management, Theory and Practice New Delhi, Tata McGraw-Hill, 561 - 562.
[3]. David-Ikpe (2007), "Elan Chairman Lauds CBN on FSS 2020", Financial Standard, August 13, 22.
[4]. Fubara, B. A. (2004), Corporate Strategy and the Developing Economies, Ibadan, Spectrum books Limited.
[5]. Fubara, B. A. and Dappa, I. (2000), Financial Strategy, Port Harcourt, Pearl publishers.
[6]. Frydman, R. and Rapaczynski, A. (1993), "Insiders and the State: Overview of Responses to Agency problems in East European privatizations", Economics of Transition, 1(1), 54.
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| Paper Type | : | Research Paper |
| Title | : | Effects of Human Resource Management Practices on Financial Performance of Selected Agricultural Firms in the Sugar Industry |
| Country | : | Kenya |
| Authors | : | Cheruiyot Robert Kipkorir || Joseph Kimani Mwangi || Jackson Lemomo Ole Kuret |
Abstract: Human resources are the source of achieving competitive advantage because of its capability to convert the other resources (money, machine, methods and material) in to output (product/service). The competitor can imitate other resources like technology and capital but the human resource are unique. People are one of the most important factors providing flexibility and adaptability to organizations. People (managers), not the firm, are the adaptive mechanism in determining how the firm will respond to the competitive environment. This study was guided by resource based theory.
[1]. Adams, J. S. (1965). Inequity in social exchange. In L. Berkowitz (Ed.), Advances inexperimental social psychology (Vol. 2, pp. 267-300). New York: Academic Press.
[2]. Arthur, J. B. (1994). Effects of Human Resource Systems on Manufacturing Performance andTurnover. Academy of Management Journal, 37, 670-687.
[3]. Baird, L., & Meshoulam, I. (1988). Managing Two Fits of Strategic Human ResourceManagement. Academy of Management Review, 13(1), 116-128.
[4]. Baron, J. N., & Kreps, D. M. (1999). Strategic human resources. Framework for generalmanagers. New York: Wiley and sons.
[5]. Becker, B., & Gerhart, B. (1996). The impact of Human Resource Management onOrganizational Performance: Progress and Prospects. Academy of ManagementJournal, 39(4), 779-801.
[6]. Bloom, M. & J.G. Michel (2002). The relationships among organizational context, paydispersion, and managerial turnover. Academy of Management Journal 45(1), 33-42
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| Paper Type | : | Research Paper |
| Title | : | Internal and External Balance with Expenditure changing and switching policies in Bangladesh: An Empirical Analysis |
| Country | : | Bangladesh |
| Authors | : | Md. Masud Rana |
Abstract: This paper studies macroeconomic effects of internal and external balance with Expenditure changing and switching policies about Bangladesh. Expenditure switching policies are measures that shift expenditure between the domestic and external sectors, typically by increasing exports and decreasing imports of goods and services. Exchange rate adjustment is often combined with monetary and fiscal tightening as part of a comprehensive adjustment program featuring both expenditure-changing and expenditures witching measures. This paper shows the relation on exchange rate between government expenditure and money supply. If fiscal expansion--either government expenditure increase or tax cuts--raises output, but worsens current account balances.
[1]. Md. Aminul Islam (2010) Monetary Policy and Money Supply Process in Bangladesh: An Analytical Review
[2]. Bahar, H (2009), ―Financial Liberalization and Reforms in Bangladesh‖, National Workshop on Strengthening the Response to the Global Financial Crisis in Asia-Pacific: The Role of Monetary, Fiscal and External Debt Policies, Thimphu, Bhutan.
[3]. Jamshed uz Zaman1 and Barun Krishna Bakshi2 (1999) The Exchange Rate Determination in Bangladesh Does Purchasing Power Parity Hold: A Co-integration Approach Journal of Business Research, vol. 2.
[4]. Bangladesh Bank, Annual Report (various issues), Bangladesh Bank.
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| Paper Type | : | Research Paper |
| Title | : | Post Deregulation Evaluation of Non-Oil Export and Economic Growth Nexus in Nigeria: An Empirical Analysis |
| Country | : | Nigeria |
| Authors | : | Okafor Ebele Igwemeka || Eje Grace Chinyere || Nwafor Obianuju Charity |
Abstract: The impact of non-oil export on economic growth in Nigeria has been one of the most debated issues in recent years. This study examines the role of non-oil export on economic growth since deregulation between 1986 when deregulation took effect and 2012 which previous studies might have ignored. In achieving the objectives of the study, Ordinary Least Square Methods was employed. The study reveals that the impact of non-oil export on the economic growth was significant and positive as a unit increase in non-oil export impacted positively by 43% on the productive capacity of goods and services in Nigeria during the period. This is evident in the study that the contribution of non-oil sector during the period in Nigeria has improved above the results of other studies carried out from the pre-deregulation era.
[1]. Abogan, O. P.; Akinola, E.B. & Baruwa, O.I.(2014), Non-oil Export and Economic Growth in Nigeria (1980-2011) , Journal of Research in Economics and Finance, 3(1), 1-11.
[2]. Al-Yousif, Y.K. (1999), "On the Role of Exports in the Economic Growth of Malaysia: A Multivariate Analysis"; International Economic Journal 13(3): 67-75.
[3]. Anwar, Muhammad S., and Sampath, R. K. (2000), "Exports and Economic Growth", Indian Economic Journal, 47(3), 79–88.
[4]. Balassa, B.(1978), "Exports and Economic Growth: Further Evidence"; Journal of Development Economics 5: 181-189.
[5]. Bbaale, E.& Mutenyo, O. (2011). Export composition and economic growth in sub-saharan Africa: a panel analysis. The journal of sustainable development.
[6]. Blomstrom, Magnus, and Ari Kokko. 2003. "The Economics of Foreign Direct Investment Incentives" NBER 9489 http://papers.nber.org/papers/W9489
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| Paper Type | : | Research Paper |
| Title | : | The Effect of Working Experience, Integrity, Competence, and Organizational Commitment on Audit Quality (Survey State Owned Companies In Libya) |
| Country | : | Indonesia |
| Authors | : | Mohammed.S.Bouhawia || Prof. Gugus Irianto || PhD. Zaki Baridwan |
Abstract: External There search objectives are to seek empirical evidence about the influence of personal characteristics of the auditor to the audit quality. The population in this study is the auditor who worked on owned companies in Libya. The data used in this research is the primary data. For the analysis used validity and reliability test as instrument test. This research used regression analysis and for hypothesis test used F test and t test. From the result of the research showed that work experience, integrity, competence and commitment to organizational has significant influence to audit quality.
[1]. Alan Millichamp and John Taylor. (2008). Auditing. Ninth edition.South Western Publishing. Tennessee. P.7.
[2]. Alim, M.N., Trisni, H., and Lilik, P. (2007), The effect of competence and independence to the audit quality, Proceeding of National Accounting Symposium, Indonesian Accounting, Association, Makassar, Indonesia, 31-48.
[3]. Alvin A. Arens, Randal J.Elder and Mark.S, and Beasley. (2003). Auditing and Assurance Service. An Integrated Approach.InternationalEdition.NinthEdition.Prentice-Hall.
[4]. APB Ethical. (2011). Integrity, Objectivity, and Independence.UK Auditing Standard.
[5]. Arel, B., Kaplan, S. E, and Donnell, E. O. (2005). Evaluating internal controls: The moderating effect of auditor experience on the persuasiveness of evidence from management self-assessment.Arizona State University. Pp. 1 – 33.
[6]. Arens, A.A., Beasley, M.S., Elder, R.J., (2012), Auditing and Assurance Services, Fourteenth Edition, Apollo Shoes, Inc - McGraw-Hill
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| Paper Type | : | Research Paper |
| Title | : | Macroeconomic Determinants of Investment Decision in Nigeria: IS-LM-BP-RP Approach |
| Country | : | Nigeria |
| Authors | : | Ogunsakin Sanya (Ph.D) || Saliu Mojeed Olanrewaju |
Abstract: The paper examines the macroeconomic determinants of investment decision in Nigeria using IS-LM-BP-RP approach. The data series employed were gathered from various sources such as National Bureau of Statistics, Central Bank of Nigeria statistical bulletin and World Bank data base. The study employs the theoretical propositions of IS-LM-BP-RP which was developed by Gray and Melone (2008). Considering the backward bending of BP curve, the empirical results in the study confirm the validity of the backward bending of BP curve in the Nigerian economy. The result equally indicates that if Mundell-Fleming model is used to formulate policies in Nigeria, the risk factors will be significant enough to affect the validity of the policy.
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[2]. Daniels, J. and VanHoose, D. (2002): International Monetary and Financial Economics. Ohio, USA: Southwestern Thompson Learning.
[3]. Elinner, S. and Walker, P. (2012): Enterprise Risk Management: A process for enhanced management and improved performance. Quarterly management accounting, Vol. 13 pp. 28-34.
[4]. Flyvbjerg (2012): Investment risk. Management Journal, Vol. 37, pp. 5-15
[5]. Fuerst, M.E (2004): Investor Risk Premia and Real Macroeconomic Fluctuations. Journal of Financial Economic Vol. 55, pp. 1-19.
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| Paper Type | : | Research Paper |
| Title | : | Savings-Growth-Inflation nexus in Asia: Panel Data Approach |
| Country | : | India |
| Authors | : | Suresh Kumar Patra || Dr. Satyanarayana Murthy || Dr. Aparajita Biswal |
Abstract: The present study examines the savings-growth-inflation nexus in Asia through panel data approach for the period 1981 to 2011. The inter-relationship between saving and economic growth is found to be significant and unidirectional running from saving to economic growth. Economic growth negatively and significantly affects inflation but inflation positively and significantly affects saving which supports Deaton's hypothesis. The variables such as saving, trade openness and population growth are found to be significant determinants economic growth. Except GDP, variables such as real interest rate, inflation, dependency ratio and literacy rate are found to be significant determinants of saving rate.
[1]. Athukorala, P. C. and Sen, K. (2004). The Determinants of Private Saving in India. World Development, Vol. 32, No. 3, pp. 491–503.
[2]. Barro, R. and Sala-i-Martin, X. (1995). Economic Growth. McGraw Hill.
[3]. Bloom, D. E., Canning, D., and Malaney, P. N. (1999). Demographic Change and Economic Growth in Asia. CID Working Paper No. 15.
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[5]. Cardenas, M. and Escobar, A. (1998). Saving determinants in Colombia: 1925–1994. Journal of Development Economics, Vol. 57, pp. 5–44.
[6]. Chari, V. V., Jones, L. E., and Manuelli, R. E. (1996). Inflation, Growth, and Financial Intermediation. Federal Reserve Bank of St. Louis, May/June 1996 Review..