Version-3 (July-August 2015)
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| Paper Type | : | Research Paper |
| Title | : | Generating Maximum Productivity of an Industry through In House Entrepreneurship |
| Country | : | India |
| Authors | : | Ron Prodhan |
Abstract: This paper describes a suitable technique for brand building in smaller markets without compromising larger markets. This technique deploys the utility of entrepreneurship at various levels of an operating industry. This technique is highly beneficial for developing and under developed economy because it will create more jobs, generate more revenues and the most important thing about this technique is that it will build a brand for the industry deploying this technique. It also ensures that an industry extracts the maximum benefit from every possible asset an industry has without compromising on its productivity.
Keywords: Entrepreneurship; Industrial Productivity; Asset Management; Inventory Management
[1]. "Financial Analysis and Decision Making", a MOOC conducted by Tsinghua University, China.
[2]. Slag, From Wikipedia, the free encyclopedia, https://en.wikipedia.org/wiki/Slag.
[3]. "Entrepreneurship 101: Who is your customer?", a MOOC conducted by Massachusetts Institute of Technology, United States of America
[4]. Non-banking financial company, From Wikipedia, the free encyclopedia, https://en.wikipedia.org/wiki/Non-banking_financial_company
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| Paper Type | : | Research Paper |
| Title | : | The Need for Financial Stability in Zimbabwe: Use of Derivatives Securities |
| Country | : | Zimbabwe |
| Authors | : | Wellington G. Bonga || Cloudio K. Chikeya || Rodrick Sithole |
Abstract: Financial stability contributes to the stability and growth of a nation. There has been a sharp growth in use or trading of derivatives in both mature and emerging markets. The Zimbabwean financial sector is still not trading in derivatives security, yet Zimbabwe Stock Exchange is among the oldest and largest in Africa.The trading of derivatives is done in two types of markets: organized exchanges and over the counter.Investors generally use derivatives for three purposes: risk management, price discovery, and reduction of transaction costs.Apart from generating cash in the adverse states of the world, derivative instruments also can smooth cash flows through its interaction with the operating decisions.
[1]. Abken, K. (1994). Over The Counter Financial Derivative: Risky Business, Federal Bank of Atlanta Economic Review, April, pp.1-22.
[2]. AdeleganOlatundun Janet (2009). The Derivatives Market in South Africa: Lessons for sub-Saharan African Countries. IMF Working Paper. WP/09/196.
[3]. Anayiotos C. George and HovhannesToroyan (2009). Institutional Factors and Financial SectorDevelopment: Evidence fromSub-Saharan Africa. IMF Working Paper 258.
[4]. Apanard (Penny) Prabha, Keith Savard, and Heather Wickramarachi (2014). Deriving the Economic Impact of Derivatives. Growth Through Risk Management. Milken Institute.
[5]. Barnes Ronnie (2001). Accounting for Derivatives and Corporate Risk Management Policies. London Business School Accounting Subject Area No. 018.
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| Paper Type | : | Research Paper |
| Title | : | An Empirical Study on the Relationship between Financial Intermediaries and Economic Growth in Nigeria: A Cointegration and Causality Analysis |
| Country | : | Nigeria |
| Authors | : | Murtala Bala Umar || Siba Dayyabu || Ahmad Usman Gambo || Muhammad Rabiu Danlami || Ali Umar Ahmad |
Abstract: The study empirically investigated the relationship between financial intermediaries and economic growth in Nigeria. Annual time series data covering 1970 to 2013 were used to analyze the long run and short run relationship between the development of financial intermediaries and economic growth along with the direction of causality between the indicators. The results of the unit root test show that the variables are integrated at I(1). Cointegration is being found between the series in the presence of a structural break in 1987, 1992 and 1996. Using bound testing technique for cointegration a stable long-run relationship was found between the indicators of financial intermediaries and the economic growth. Error correction coefficient was statistically significant.
[1]. Phillips, P. C. B., Hansen, B. E., (1990). Statistical inference in instrumental variables regression with I(1) processes. Review of Economic Studies, 57(1), pp: 99-125.
[2]. Ahmed, A. D., & Wahid, A. N. (2011). Financial structure and economic growth link in African countries: a panel cointegration analysis. Journal of Economic Studies, 38(3), 331-357
[3]. Akaike, H. (1974) "A New Look at the Statistical Model Identification." IEEE Trans. Autom. Control 19:716-723.
[4]. Akinboade, O. A. (2000). Relationship between financial deepening and economic growth in Tanzania. Journal of international development, 12(7), 939-950.
[5]. Akinlo, T., & Apanisile, O. T. (2014). Relationship between Insurance and Economic Growth in Sub-Saharan African: A Panel Data Analysis. Modern Economy, 2014.
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| Paper Type | : | Research Paper |
| Title | : | Does Bank Credit Have Any Impact on Nigeria's Domestic Investment? |
| Country | : | Nigeria |
| Authors | : | Nwokoye, Ebele || Metu Amaka || Kalu, Chris U |
Abstract: There is an extensive literature on the role of the bank lending and credit facilities in Nigeria but most of these literature concentrate on its impact on the gross domestic product. This study focuses on the impact of Nigeria's banking sector on domestic investment from 1980 to 2012 bearing in mind that funding is one of the major challenges of domestic entrepreneurs in Nigeria. A domestic investment model was adopted and the unit root test was first applied to the data set. All the data are stationary and the ordinary least square method was used to identify the impact of capital market activities on domestic investment in Nigeria using the cointegration technique. Findings reveal that bank credit negatively though significantly impacted on domestic investment in the long run while its short run impact is both positive and significant.
[1]. Adekule, O. A., Salami, G. O. & Oluseyi, A. A. (2013). Impact of financial sector development on the Nigerian economic growth. American Journal of Business and Management,2(4). www.aebrjournal.org/uploads/6/6/2/2/6622240/3 accessed on 17/12/2014.
[2]. Adelaja, M. A. (2005, December). Enhancing the microfinance sector for sustainable development in Nigeria. Seminar Paper presented at the Central Bank of Nigeria launching of Microfinance Policy, Regulatory and Supervisory Framework for Nigeria.
[3]. Chibundu, E. (2006, September, 29). How Nigerian SMEs can grow the economy. Vanguard Newspaper, p. 46.
[4]. Ekwurum, U. J. & Ekpunobi, G. N. (2008). Problems and prospects of small and medium scale enterprises. Nigeria Journal of Economic Studies, 7(1), 32-40.
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| Paper Type | : | Research Paper |
| Title | : | Domestic Vs International Remittance flow: Economic Analysis of the Value of Remittance Transfer from Bangladeshi Migrants |
| Country | : | Bangladesh |
| Authors | : | Fahmida Saadia Rahman || Estiaque Bari || Takrima Sayeda |
Abstract: International migration from Bangladesh has become a defining characteristic of the country and is considered to be an important livelihood earning strategy for the people. Especially since 1980s, large scale labour migration has become a common phenomenon of Bangladesh. This paper has examined the financial benefit receipt between the domestic and the international migration. Financial benefit is measured in terms of the value of remittance transfer from the migrants. An ordinary least square (OLS) model is used to estimate the objectives of the study. For this purpose secondary dataset has been used from the Household Income Expenditure Survey (HIES 2010) from Bangladesh Bureau of Statistics (BBS). Two types of migration have been considered in the paper – domestic and International migration.
[1]. K.S. Farid, L. Mozumdar, M.S. Kabir, and K.B.Hossain, Trends in international migration and remittance flows: Case of Bangladesh, Journal of Bangladesh Agricultural University, 7(2), 2009, 387-394.
[2]. M. Miah, M.A.B.M Khan, M. Rahman, Recent Trends of International Migration and Remittance Flows: An Empirical Evidence of Bangladesh,IOSR Journal of Economics and Finance (IOSR-JEF), 2(5), 2014, 16-23.
[3]. M.A.Mannan, Bangladeshi Migrants in Saudi Labour Market: An Empirical Analysis, RMMRU, Dhaka, 2001.
[4]. T. Siddiqui. Migration as a Livelihood Strategy of the Poor: The Bangladesh case, Proc. DFID-RMMRU Regional Conference on Migration, Development and Pro-poor Policy Choices in Asia, Dhaka, 22-24 June, 2003.
[5]. A. Hadi, Overseas Migration and the Well-being of Those Left Behind in Rural Communities of Bangladesh,Asia-Pacific Population Journal, 14(1), 1999, 43-58.
[6]. D. Ratha, Leveraging Remittances for Development, Policy Brief. Migration Policy Institute. Washington D.C, June 2007.
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| Paper Type | : | Research Paper |
| Title | : | Gender Role in Performance of Small Scale Industry, Factors Affecting Women Entreprnereurs Growth in Delhi, Case Study |
| Country | : | India |
| Authors | : | Vivek Kumar |
Abstract:To identify the effect of the gender of owner on the small scale enterprise performance in Delhi (In-dia) is significant to investigate the relationship between gender and performance, and the difference in perfor-mance between male owned and female owned businesses were stated. Using parametric statistical techniques such as PLCC, the gender not only significantly effects the performance of the small business but shows a sig-nificant difference in the levels of performance between male owned businesses and females owned businesses.
The National Foundation for Women Business Owners reported that between 1987 and 1994, the number of women-owned businesses grew by 78% and women-owned firms accounted for 36% of all firms.
[1]. Abor, J., Bickpe, N. (2006). "MSEs access to debt finance: a comparison of male owned and female-owned businesses in Ghana". International Journal of Entrepreneurship and Innovation, vol.7, Iss.2, 105- 112
[2]. Adegbite I. O., Ilori S. A., Irefin M.O. & alii : (2008). "A study of Entrepreneurial Orientation of small scale Enterprise Operators in Nigeria". If Psychologia, vol. 16, n. 1, pp. 72-87
[3]. Alowaihan, A. K. (2004). "Gender and business performance of Kuwaiti small firms: A comparative approach". International Jour-nal of Small Business Management, vol. 14, Iss. 3&4, pp. 69-82
[4]. Amran, N. A. (2011). "The effect of owner's gender and age to firm performance: A review on Malaysian public listed family busi-ness". Journal of Global Business and Economics, vol. 2, Iss.1, 104-115..
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| Paper Type | : | Research Paper |
| Title | : | Socioeconomic Determinants of Loan Repayment among the Agric. Loan Schemebeneficiaries in Kaduna State. A Case Study of Unity Bank PLC. |
| Country | : | Nigeria |
| Authors | : | Abdu Z. || Mohammed, S || A. S. Sambo |
Abstract: The study examined the socioeconomic factors influencing loan repayment among the beneficiariesagricultural loan scheme in the Unity bank of Nigeria PLc in kaduna metropolis. Multi stage sampling technique was used in the study in which seven branches of the unity bank of Nigeria plc were purposively selected and in each branch 10 beneficiaries who collected agric loan in2007/2008 cropping season were selected using simple random sampling technique making a total sample size of seventy respondents. The data were collected using structured questionnaire and analyzed using simple descriptive statistics and multiple regression analysis.
[1]. Afolabi, J. A. (2010). Analysis of Loan Repayment Among Small Scale Farmers in Oyo State, Nigeria. Journal of Social Sciences 22 (2): 115-119
[2]. Akinwumi, J. A.(1998). Lending through groups. A paper presented at the agricultural Loan Management Training organized by IAAMS, October 31st-November 11th .
[3]. Ater, P. I., C. I.Agbo and A. D, Barau(1991). The Loan Delinquencyin the Benue State Small Small Scale Agriculutral On-Lending Credit Scheme: A case Study. Nigerian Journal of Rural Economy and Society 1(1): 70-76
[4]. CBN (2009).Central Bank of Nigeria. The Nigerian Microfinance News Letter, Vol. 8.
[5]. Ezihe, J. A. C., Oboh, V. U. and F. O. Ogebe (2007). The Role of Agricultural and Cooperative
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| Paper Type | : | Research Paper |
| Title | : | Relevance of Mergers and Acquisition on Financial Performance of Deposit Money Banks: Evidence from Nigerian Banking Industry |
| Country | : | Nigeria |
| Authors | : | Ugwuanyi, Uche Boniface |
Abstract: The paper examined the effects of Merger and Acquisition on the financial performance of selected deposit money banks in Nigeria with emphasis on Profit After Tax, Gross Earnings and Asset Growth as financial efficiency parameters. Two Nigeria Deposit Money Bank were selected using convenience and judgemental sample selection methods. Data were collected from the published financial statements of the banks namely former Oceanic bank and Ecobank Plc (now Ecobank Plc) and former Intercontinental Bank Plc and Access Bank (Access Bank Plc).
[1]. Afolabi, A. (2011). Mergers And Acquisition in the Nigeria Banking System: Issues and Challenges
[2]. Ajayi, M. (2005). Banking Sector Reforms and Banking Consolidation.
[3]. Amedu, S. (2004). corporate takeover, acquisition and merger.
[4]. The Nigeria stockbrokers, the official J. Chartered Ins. Stockbrokers.
[5]. Company and Allied Matters Act (1990). Lagos Federal Government Printer.
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| Paper Type | : | Research Paper |
| Title | : | Sky Booming Urban Slums in Metro Cities of India (Special Reference to Characteristics of Vizag Slums) |
| Country | : | India |
| Authors | : | Dr.Ch. Subha Kumar || Prof. T.Koteswara Rao |
Abstract: In India, one of every three urban people lives in slums. Land value are extradianaryly high and living conditions accordingly are worse in the million plus cities Slums have grown simultaneously with the growth of towns and cities partially in large industrial cities prohibeteration of slums has been taking place whenever the urban resources are stretched by intense population pressure. Industries in all major towns and cities have attracted a sizable number of people from rural areas who were reeling under the pressure of poverty there by leading to proliferation of slums at a faster rate. Such people who came to the cities in search of livelihood settled themselves in vacant places, due to lack of any basic civic amenities and these areas have soon grown into slums where people live under unhygienic and insanitary conditions in India slums population has been growing at an alarming rate.
[1]. i. D.Retnaraj (1998), "Rapid Urbanization in Kerala: Exploration of its Causes "Journal of Southern Economist, June 1- 1998, pp.13-14.
[2]. ii United Nations Centre for Human Settlements, 2001, The State of the World‟s Cities 2001 (Nairobi, UNCHS).
[3]. iii Chandramouli, Dr.C, I.A.S.(2003), (Director of Census Operations, Tamil Nadu), "Slums In Chennai: A Profile" ,in Martin J. Bunch, V. Madha Suresh and T. Vasantha Kumaran, eds., Proceedings of the Third International Conference on Environment and Health, Chennai, India, 15-17 December, 2003. Chennai: Department of Geography University of Madras and Faculty of Environmental Studies, York University. Pages 82 – 88.
[4]. iv Amitab kundu,(2009), "exclusionary urbanization in Asia:A Macro Overview" economic and political weekly, November, 28,2009. vol.xliv, no.48.pp.special article.
[5]. v . Conditions of urban slums- Salient features, (2003), NSS, Report No. 486(58/0.21 /1).
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| Paper Type | : | Research Paper |
| Title | : | Foreign Direct Investment (FDI) Flows in Nigeria: Pro or Economic Growth Averse? |
| Country | : | Nigeria |
| Authors | : | Anochie UzomaC. Ph.D || Ude Damian Kalu || Mgbemena Onyinye O. |
Abstract: This study investigates the empirical relationship between Foreign Direct Investment and economic growth in Nigeria. The work covered a period of 1981-2009 using an annual data from Central Bank of Nigeria statistical bulletin. A growth model via the Ordinary Least Square method was used to ascertain the relationship between FDI and economic growth in Nigeria. The study also added Gross Fixed Capital Formation with a view to capture theeffect of domestic investment on the growth of the economy for the period under review. Interest Rate and exchange rate were also added as control variables in the model. Granger causality test was also employed to determine the direction of causality between FDI and economic growth in Nigeria. The result of the OLS techniques indicates that FDI has a positive and insignificant impact on the growth of Nigerian economy for the period under study.
[1]. Agba, A.E. Foreign Direct Investment and Growth in Nigeria: An empirical investigation.Journal ofPolicy Modelling, 26: 2002, 627-639.
[2]. Anyanwu, J.C. Monetary Economics: Theory Policy and Institution.(Onitsha. Hybrid Publishers Ltd.1993).
[3]. Aremu, J.A. Foreign Private Investment: Issues, Determinants and Performance.Paper presented at aworkshop on foreign investment policy and practice, organized by the Nigeria Institute of Advance Legal Studies,Lagos, March.1997.
[4]. Ariyo, A. Investment and Nigeria's Economic Growth. In Investment in the Growth Process Proceedingsof Nigerian Economic Society Annual Conference,1998. 389-415. Ibadan, Nigeria.
[5]. Adeolu, E. On the Determinants of Foreign Direct Investment to Developing countries: Is Africadifferent?, World Development, 30(1): 2007, 107—19.