Version-2 (March-April 2016)
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| Paper Type | : | Research Paper |
| Title | : | Impact of Working Capital Components on Profitability- A Study on Private Sugar Factories in Coastal Region, Andhra Pradesh |
| Country | : | India |
| Authors | : | G.L.Meena || Lokanandha Reddy Irala |
Abstract:This study examines the influence of working capital components on the profitability of private sugar factories in Coastal Region of Andhra Pradesh. In this study we have considered 6 private sugar manufacturing units for the period from 2005-06 to 2012-13 and analyzed various working capital components, viz., Cash Conversion Cycle, Inventory in Days, Accounts Receivables Days, Accounts Payables Days affecting the profitability of the firm......
[1]. V. Appavadhanulu, "Working Capital and Choice of Techniques", Indian Economic Journal, Vol. XIX ,1971, pp. 34-41.
[2]. 24. S.K. Chakraborty, "Use of Operating Cycle Concept for Better Management of Working Capital", The Economic and Political Weekly, Vol.8, 1973 pp. M69-M76.
[3]. Mishra, R. K., Problems of working capital with special reference to selected public undertakings in India. Bombay: Somaiya.
[4]. R. J. Lambrix and S.S. Singhvi, "Managing the Working Capital Cycle", Financial Executive, 1979, pp.32-41.
[5]. Smith, K. V., Profitability and liquidity trade off in working capital management. In Reading on the Management of Working capital, St. Paul: West Publishing Co.1980 (pp. 549-562).
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| Paper Type | : | Research Paper |
| Title | : | Socioeconomic Analysis And Effect Of House Shelter Aid, Economic-Social Package, Education And Norma Assistance On Lifeof "Anak Dalam" Tribe |
| Country | : | Indonesia |
| Authors | : | Lukman |
Abstract:The aim of this study is firstly to know life coaching efforts of the Anak Dalam tribe in underdeveloped and impoverished by the government and society.Secondly, to analyze and assess the influence of house shelter aid, education and normaassistanceand economic-social package, such as Resident Identity Card (KTP), Family Card (KK), Certificate Know Born, IndonesianHealthy Card (KIS), Indonesia SmartCard (KIP), the Family Hope Program (PKH), Family Welfare Card (KKS), rice for the poor people (Raskin) by the government and society to "Anak Dalam"tribe in Merangin, Jambi Province.......
Keywords: Anak Dalam tribe, Meramu, Nomadic,Permanent Shelter, Temenggung.
[1] Muchlas, Suku-Suku Terasing; Di Ambang Senja Kearifan yang Hilang, (Telapak, Jakarta, 2008).
[2] M. Munawir. Sedikit Tentang Kehidupan Suku Anak Dalam (Orang Kubu) di Provinsi Jambi, (Kanwil Depsos Provinsi Jambi, Jambi, 1975).
[3] I. Hajar, The outlook of Anak Dalam tribe of the River Sipa Health in the Sub-district of Limun, Sarolangun, Jambi Province, Bachelor Thesis, North Sumatera University, Medan, 2003.
[4] S, Uma,Research Method For Business: A Skill-Building Approach", (USA: Jhon Wiley & Sons. 2000).
[5] Greene, W.H, The Econometric Approach to Efficiency Analysis, inThe Measurement of Productive Efficiency and Productivity Growth, Eds: Fried H O, Lovel, C.A.K, Schmidt, S.S (USA: Oxford University Press, 2008)
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| Paper Type | : | Research Paper |
| Title | : | Rupee Exchange Rate Dynamics from 1993 to 2011: Study of Factors Driving the Exchange Rate |
| Country | : | India |
| Authors | : | Nirav Desai || Janhavi Shankar Tripathi |
Abstract:This paper attempts to study the factors driving the Rupee exchange rate and reasons for its sustained depreciation over the period since 1993. A statistical analysis is carried out to identify significant factors and regression models are developed to validate the assumptions. Solutions that can mitigate the depreciation of the Rupee are presented.
Keywords: Macroeconomics, Rupee Exchange Rate, Real Effective Exchange Rate, Trade Balance, Energy Imports, Solar Power, Wind Power, Value Add, International Trade
[1]. Exchange rate policy in India: https://rbi.org.in/scripts/PublicationsView.aspx?id=12252
[2]. Empirical exchange rate models of the seventies: Do they fit out of sample? Richard A. Meese, University of California at Berkeley, Kenneth Rogoff, Board of Governors of the Federal Reserve System, Washington DC, USA
[3]. https://www.wipo.wiwi.uni-due.de/fileadmin/fileupload/VWL-INT/TuE_Int_Kap/SS08/Vorlesung/MeeseRogoff_JIE1983.pdf
[4]. Empirical Exchange Rate Models of the Nineties: Are Any Fit to Survive?
[5]. Yin-Wong CHEUNG,University of California, Santa Cruz,Menzie D. CHINN,University of California, Santa Cruz, NBER Antonio GARCIA PASCUAL,International Monetary Fund
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| Paper Type | : | Research Paper |
| Title | : | European Union Partnership Agreement on African Regional Integration: Exploring The Role Of Regional Governance Structure |
| Country | : | Nigeria |
| Authors | : | Kia, Bariledum (Ph.D) || Nwigbo, Tambari S. || Ojie, Peter Abang |
Abstract: The study investigates the role of regional governance structure in the achievement and realization of the goals of European Union Partnership Agreement on African Regional Integration. To achieve the purpose of this study, descriptive analytical framework was employed. From the reviewed of related literature and subsequent analysis, it is obvious that regional governance structure would enhance the achievement of the value basis of the partnership agreement......
Keywords: European Union Partnership Agreement, Regional governance structure.
[1]. ACP Group (2005). The Secretariat of the African, Caribbean, Pacific Group www.acpsec.org.
[2]. Chisholm, J. (2009). The European Union and the ACP States. A Changing Relationship. Dalhousie. Dalhousie Press.
[3]. Colin and Aurelie (2008). The African EU Partnership on Trades, Regional Integration and Infrastructure. Current State of Affairs. ECDPM.
[4]. Council of the European Union (2007). The African-EU Strategic Partnership. A Joint Africa-EU Strategy Lisbon. Press Office.
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| Paper Type | : | Research Paper |
| Title | : | Impact of Financial Crisis on the Sustainability of Public Sector Banks in India - A Data Envelopment Analysis |
| Country | : | India |
| Authors | : | Dr. Sangeetha R || Dr. Jain Mathew |
Abstract: Banking institutions play an important role in the economic development of the entire nation. Financial services industry is dominated by banking sector. Performance of any economy largely depends on the efficiency of commercial banks. Efficiency of banks depends upon diversified banking system that attracts savings and channelizes them into productive investments to generate income. The strength of the bank depends on efficiency of these operations........
Keywords: Cost efficiency, Data Envelopment Analysis, Financial Crisis, Public Sectors Banks, Sustainability, Technical Efficiency.
[1]. Ajoa, & Ogunniyi. (2010). Technical and Scale Efficiency of Commercial Bank in Nigeria. The IUP Journal of Applied Economics, IX(4), 59-68.
[2]. Berger, A. N., & Humphrey, D. B. (1997). Efficiency of financial institutions: International survey and directions for future research. European journal of operational research, 98(2), 175-212.
[3]. Charnes, A., Cooper, W. W., Lewin, A. Y., & Seiford, L. M. (1994). Data Envelopment Analysis: Theory, Methodology and Applications. Kulwer Academic Publishers.
[4]. Cooper, W. W., M, S. L., & Tone, K. (2007). Data Envelopment Analysis: A comprehensive Text with models Application, references and DEA-Solver Software. Springer Science.
[5]. Gupta, P. K., & Garg, S. (2011, July - December). Measuring technical efficiency of commercial banks through data envelopment analysis. NICE Journal of Business, 6(2), 55-65.
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| Paper Type | : | Research Paper |
| Title | : | Role of ASEAN In Process Of Globalization |
| Country | : | India |
| Authors | : | Dr. Rummana Zaheer and Syeda Shumaila Laeeq Bukhari |
Abstract: The Objective of this manuscript is to inspect the role of ASEAN3 in globalization process. To study it, FDI4 inflows- have been taken as proxy variable for the measurement of globalization. In this connection, data of ASEAN pertaining to seven countries has extractedi. The time series data has been taken from World Development Indicator for the period of 1991 to 2013....
Keywords: FDI, Globalization5, ASEAN, and Trade6.
1]. Aekapol.C. (September 2009). Regional integration and growth in ASEAN.
[2]. Anderson.K. (1997). "On The Complexities of China's WTO Accession". The world Economy.
[3]. Baloton.R. (1996). Diminishing Giat Or Vanguard for Liberalization? The U.S And Regionalization of trade policies.
[4]. Bhagwati.Z. (2007). Is A Trade Block Prelude To Multilateral Trade Liberalization?
[5]. Bharamshah.Z. (2007). Is A Regional Trade Block Prelude To Multilateral Trade Liberalization. Journal Of Asian Economics .
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| Paper Type | : | Research Paper |
| Title | : | Aggregate Public Debt Burden And The Growth Of A Fragile Economy: The Nigerian Experience |
| Country | : | Nigeria |
| Authors | : | Angela Chibuzor Nwali || Friday Edwin Nkwede |
Abstract: This study empirically investigates the combine influence of two components of public debt (internal and external public debt) burden on the growth of Nigerian emerging and fragile economy. The study adopts descriptive research design and an econometric estimation approach anchored on Vector Error Correction Estimation (VECM) in determining the impact of public debt accumulation on the long-run economic growth in Nigeria. Time series data which covered the periods of 1961-2013 as variously sourced were employed in the study...........
Keywords:Borrowing, Burden, debt, Economy, Nigeria.
[1]. M. S. I. Ajayi, An analysis of external debt and capital flight in the severely indebted low income countries in sub-Saharan Africa (EPub), International Monetary Fund,1997, 226-287.
[2]. S. I. Kanu, et al. The impact of disaggregated components of external debt on the economic development of Nigeria (1969-2011), Research Journal of Finance and Accounting, 5(10), 2014, 96-106.
[3]. T. A. Muritala, Empirical analysis on impact of external debt on economic growth in Nigeria, Acta Universitatis Danubius, OEconomica, 8(6), 2012, 35-79.
[4]. W. Utomi, The impact of external debt on economic growth in Nigeria, Covenant University, Nigeria, Ph.D, 2014.
[5]. J. Woo, and M. S. Kumar, Public debt and growth, International Monetary Fund. WP/10/174, 2010, 333-381.
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| Paper Type | : | Research Paper |
| Title | : | Relationship between Corporate Governance Practices and Agency Costs of Manufacturing and Allied Firms Listed in Nairobi Securities Exchange |
| Country | : | Kenya |
| Authors | : | Kung u, J. N || Munyua, J. M |
Abstract: Despite the listed firms adopting corporate governance practices as issued by Capital Markets Authority and Nairobi Securities Exchange, some of the firms have continued to financially underperform compared to their peers while others have sought bailouts. This may be partly attributed to uncontrolled agency costs. Kenya's entities have had a history of poor governance systems with about 70% of the malpractices attributed to weak corporate governance practices, lack of internal controls and weakness in regulatory and supervisory systems as well as conflict of interest...........
Keywords: Agency Costs, Agency Theory, Corporate Governance, Manufacturing Firms
[1]. Oyejide, A. T. & Soyibo, A., (2001). "Corporate Governance in Nigeria", Paper presented at the Conference on Corporate governance, Accra, Ghana 29-30, January
[2]. Jensen, M. & Ruback, (1983). The Market Corporate Control: The Scientific Evidence. Journal of Financial Economics, 11, 5-50
[3]. Jensen, M. & Meckling, W. (1976). The Theory of the Firm: Managerial behavior, Agency costs and Ownership Structure .Journal of Financial Economics, 305-360.
[4]. Fama, (1980). Agency Problems and the Theory of the Firm. Journal of Political Economy, 88, 288-307.
[5]. Fama &Jensen, M.(1983). Separation of Ownership and Control. Journal of law and economics, 26, 327-349
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| Paper Type | : | Research Paper |
| Title | : | Banks and Financial Literacy Enhancement in Zimbabwe |
| Country | : | Zimbabwe |
| Authors | : | Wellington G. Bonga || Nelson Mlambo |
Abstract: Financial literacy has become a topical issue in recent years. This paper seeks to summarize the growing efforts of financial literacy field in Zimbabwe, with special reference to banks. Financial literacy should be a concern to the government especially the Central Bank, Commercial Banks, other financial institutions and even to the common trader in the country.........
Keywords: Financial literacy, Financial Inclusion, Investment, Banks, Financial institutions, Loan, Non-Performing Loans
[1]. Amin S, Rahman L, Ainul S, Zaman URB and Akter R (2010). Enhancing Adolescent Financial Capabilities through Financial Education in Bangladesh. Population Council, Dhaka, Bangladesh.
[2]. AskariAmmar (2009). Banks and Financial Education:Integrating Practice, Products, and Partnerships. M&I Marshall &Ilsley Bank.
[3]. Carter Erik (2013). 7 Questions to Test Your Financial Literacy. Financial Finesse. Forbes.
[4]. Gale William and Levine Ruth (2010). Financial Literacy:What Works? How Could It Be More Effective?Social Security Administration to the Center for Financial Literacy, Boston College.
[5]. Giesler Markus and Veresiu Ela (2014). "Creating the Responsible Consumer: Moralistic Governance Regimes and Consumer Subjectivity". Journal of Consumer Research 41 (October): 849–867.
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| Paper Type | : | Research Paper |
| Title | : | Investigating the Causal Relationship between Financial Development and Economic Growth in Nigeria and South Africa. |
| Country | : | Nigeria |
| Authors | : | Stephen Idenyi Odo || BigBen C. Ogbonna || Promise E. Agbi || Charity I. Anoke |
Abstract: This paper examined the causal relationship between financial development and economic growth in Nigeria and South Africa by employing co integration test, VECM and granger causality test using the data of annual time series for the period 1980 – 2014. The objective of the study is to examine the applicability or otherwise of stage of development hypothesis of financial development by Hugh Patrick (1966) in both countries which states that the direction of causality between financial development and economic growth changes over the course of development..........
Keywords: Broad money supply, domestic credit, Economic growth, VECM, Finance – led growth, causality
[1]. Adekunle A O., Salami G. O. & Adedipe A O. (2013) Impact of financial sector development on the Nigerian economic growth. America Journal of Business Management Vol 2, No 4, 2013, 347 - 356.
[2]. Akpan D.B. (2005) Financial liberalization and endogenous growth: The case of Nigeria.
[3]. International Journal of Economics and management sciences Vol 1, No 12,2012,p.16 – 28 CBN (2012), "Statistical Bulletin". Vol. 23 CBN (2013). Annual Report and Statement of Accounts
[4]. Andrew Phiri (2014) Asymmetric cointegration and causality effects between financial development and economic growth in South Africa. MPRA, Munich Persnal RepEc Archive
[5]. Audu, Nathan Pelesai, Okumoko, Tubo Pearce (2013) Financial development and economic growth in Nigeria. European Journal of Busines Management Vol 5, No. 19, 2013