Version-4 (Nov-Dec 2016)
Version 1 Version 2 Version 3 Version 4
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | A Comparative Financial Analysis of TATA Steel Ltd. and SAIL |
| Country | : | India |
| Authors | : | Dr. Biswanath Sukul |
Abstract: The present study aims to show the financial strengths and weaknesses of the Indian steel industries by proper analyzing the items of the balance sheet and profit and loss account. The study covers one public sector steel company and one private sector. Both are listed on BSE and NSE. The study has been undertaken for a period of five years from 2010-11 to 2014-15. The necessary data has been obtained from annual reports of both the companies. The study measures liquidity, solvency, profitability and overall management efficiency of both the companies. It will be helpful for the prospective investors to take decision regarding investment...............
Keywords: Tata Steel, SAIL, Financial performance, Liquidity, Solvency, Dividend payout
[1] Chandra Prasanna (6th ED.), "Financial Management", Tata Mc Graw-Hill Publishing Company Ltd., New Delhi.
[2] Gitman.L.J. (2001). Principles of Managerial Finance. New Delhi: Pearson Education Asia.
[3] Khan, M.Y and Jain P. K. "Financial Management" Tata Mc Graw-Hill Publishing Company Ltd., New Delhi. 2013.
[4] Van Horne, James C, "Financial Management and Policy" Prentice Hall of India pvt. Ltd.
[5] Gupta Shashi K. and Sharma R.K.(11th Ed.-2008), " Management Accounting", Kalyani Publishers, New Delhi.
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | The Influence of Tourism Sector to the Income of Simalungun Regency Area |
| Country | : | |
| Authors | : | Robert Tua Siregar |
Abstract: Tourism activities can be defined as a process that left his home to go to a place and get back to the place it comes from. People or groups that conduct tourism activities are called tourists. Tourism is in principle a number of relationship of symptoms produced and leave foreigners, provided that their residence was not caused the incidence of residences and businesses that are temporary or permanent work-seeking efforts as full. For it can be seen that in reality the sector tourism one of the sectors that can be used as a source of Simalungun Regency PAD...............
Keywords: Tourism, development, culture, foreign exchange
[1] Akita, T., dan A. Alisjahbana, 2002. Regional Income Inequality in Indonesia and The Initial Impact of the Economic Crisis, Bulletin of Indonesian Economic Studi 38 (2): m.c. 201-222
[2] Alexander, K.C., 1994. The Process of Development of Socienties. Thousand Oaks, California, Sage Publications Inc.
[3] Ananta, Aris, 1993. Ciri Demografis, Kualitas Penduduk, dan Pembangunan Ekonomi. Lembaga demografi FE-UI, Jakarta.
[4] Anwar, Effendi, 1996. Perancangan Pembangunan Wilayah Dan Pedesaan. Prisma, Jakarta.
[5] Arcelus, F., 1984. An Extension of Shift Share Analys, Growth and Change 15, m.s. 3-8..
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | The Citizens satisfaction level on the Islamic banking system of Libya |
| Country | : | Libya |
| Authors | : | Dr.Ali Khalifa Ali Stela || Dr.Adil Abdulsalam Ashhoob Abdulsalam |
Abstract: One of the unique characteristics of Islamic banking is the strategy of the profit and loss account and is applied in the form of Mudaraba (profit sharing) and Musharaka (joint venture) concepts of the Islamic authorities. This research paper reviews pivotal relevant literatures. The review of the related literature assisted the researcher in formulating the research objectives, questions, aims and frameworks. The present study explains the instruments used to choose pertinent and the latest information, containing executing testing techniques to preserve the instrument's validity and reliability.............
Keywords: Citizens' Satisfaction, Banking System
[1]. Ali, H., A. Zainuddin, et al. (2009). "Customers Satisfaction in Malaysian Islamic Banking." International Journal of Economics and Finance 1(1): P197.
[2]. Ali, J. (2004). "Level of Customers Satisfaction about Banking Services Offered by Libyan Commercial Banks, p.52."
[3]. Ekinci, Y. (2003). "An investigation of the determinants of customer satisfaction." Tourism Analysis 8(2): 193-196.
[4]. Fornell, C. (1992). "A national customer satisfaction barometer: the Swedish experience." the Journal of Marketing: 6-21.
[5]. Naser, K., A. Jamal, et al. (1999). "Islamic banking: a study of customer satisfaction and preferences in Jordan." International Journal of Bank Marketing 17(3): 135-151.
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | Commercial Banks' Credit and the Growth of Small and Medium Scale Enterprises: the Nigerian Experience |
| Country | : | Nigeria. |
| Authors | : | Okey O. Ovat (Ph.D) |
Abstract: In recent times, small and medium scale enterprises (SMEs) have assumed the centre stage in the industrial development agenda of Nigeria. But to a large extent the existence and survival of these SMEs depend on adequate financing. The paper therefore examined the role played by commercial banks' credit in facilitating the growth of SMEs in Nigeria. It adopted co-integration and error correction mechanisms in carrying out this empirical examination. The findings revealed that Commercial Banks' credit has not contributed significantly to the growth of Small and Medium Scale Enterprises in Nigeria.............
Keywords: Commercial Banks, Credit, Growth, Lending Rate, and SMEs.
[1]. Abereijo, I. O. and Fayomi, A. O. (2005). Innovative Approach to SMEs Financing in Nigeria: A Review of Small and Medium Scale Industries Equity Investment Schemes. Journal of Social Science, 11(3): 219-227.
[2]. Afolabi, M. O. (2013). Growth Effect of Small and Medium Enterprises (SMEs) Financing in Nigeria. Journal of African Macroeconomic Review. 3(1): 193-205.
[3]. Aliyu, S. M. and Bello G. B. (2013). An Assessment of the Contribution of Commercial Banks to the Growth of Small and Medium Scale Enterprises in Nigeria. International Journal of Research in Social Sciences, 2(8), 47-55
[4]. Ang, J. B. and Mckibbin, W. J. (2007). Financial Liberalization, Financial Sector Development and Growth: Evidence from Malaysia. Journal of Development Economics. 84(1), 215-233.
[5]. Beck, T. (2007). Financing Constraints of SMEs in Developing Countries. Evidence, Determinants and Solutions. Journal of International Money and Finance, 31(2): 401-441.
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | Accounts Receivable Management and Organizational Profitability as a Function of Employee Perception in Gumutindo Coffee Cooperative Enterprise Limited (GCCE), Mbale District Uganda |
| Country | : | Uganda |
| Authors | : | Francis Kakeeto || Timbirimu Micheal || Kiizah Pastor || Olutayo K. Osunsan |
Abstract: This study sought to explore the effect of Accounts Receivable Management on Organizational Profitability, by testing the hypothesis: Accounts Receivable Management has a significant positive effect on organizational profitability. Using a descriptive research design and a case study strategy, sample size of 181 was taken from the population of 345 staff. Likert type scale questionnaires were used to collect data from the respondents in terms of the two variables. The findings revealed that revealed that accounts receivable management positively affected organizational profitability (adjusted R2 =0.90; p<.01), thus the hypothesis was accepted. The study concluded that, accounts receivable management as practiced by GCCE was adequate. Recommendations were made to better enhance accounts receivable management in GCCE.
Keywords: Accounts Receivable Management, Organizational Profit, Mbale, Uganda
[1]. Lysons C. K. (1996). Purchasing.2nd edition, Business Hand Book, Pitman Publishing, London
[2]. Bhattacharya, H. (2004). Working capital management: Strategies and techniques. PHI Learning Pvt. Ltd.
[3]. Preve, L & Sarria-Allende, V. (2010).Working Capital Management. Oxford: Oxford University Press.
[4]. Kontus, E. (2013). Management of Accounts Receivable in a Company. Ekonomska Misao i Praksa, 22(1), 21.
[5]. Pandey, S., & Jaiswal, V. K. (2011). Effectiveness on profitability: working capital management. SCMS Journal of Indian Management, 8(1), 73.
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | Research on the Relationship between Service Quality and Customer Loyalty - The Case of Electronic Shopping Centers in Thai Nguyen Province |
| Country | : | Vietnam |
| Authors | : | Pham Minh Hoang || Phan Minh Huyen |
Abstract: This study focuses on the relationship between service quality and loyalty of customers at the electronics shopping centers located in Thai Nguyen province. A model of five independent factors, including: Tangibles, Reliability, Skills, Policies and Personnel were examined to identify their influences towards customer loyalty. The research findings showed that independent factors all have significant influence on customer loyalty.
Keywords: Customer loyalty, service quality, electronics shopping centers
[1]. Wisniewski, M. (2001). Using SERVQUAL to assess customer satisfaction with public sector services. Managing Service Quality,
11(6).
[2]. Weitz, B., &Wensley, R. (2002). Handbook of Marketing. London: Sage Publications.
[3]. Varley, R., &Rafiq, M. (2004). Principles of retail management. New York: Palgrave Macmillan.
[4]. Dalholkar, P. A., D. I. Thorpe, & J. O. Rentz, "A Measure of Service Quality for Retail Stores: Scale Development and Validation",
Journal of Academy of Marketing Science, Winter, 24 (1996)
[5]. A. Parasuraman, Valarie A. Zeithaml & Leonard L. Berry, "A Conceptual Model of Service Quality and Its Implications for Future
Research", Journal of Marketing, 49 (1985)
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | The Impact of Stock Exchange on Economic Growth: The Case of Mauritius Using VECM Approach |
| Country | : | China |
| Authors | : | Saleh Juma Rashid || Hongbing Ouyang || Ahmed Ramadhan Abeid || Yapatake Kossele Thales Pacific |
Abstract: This paper examines the impact of stock exchange on economic growth of Mauritius using time series secondary data covering the period of 1993 - 2015. Co integration and vector error correction mechanism (VECM) was used to estimate the short as well as the long run parameters after ascertainment of co-integration test. The results show that there is no long run causality running from market capitalization ratio, turnover ratio and value traded ratio to economic growth.............
Keywords:Economic growth, Market capitalization ratio, Turnover ratio, Value traded, Stock market, Mauritius
[1] Abdul-Khaliq, the Impact of Stock Market Liquidity on Economic Growth: Evidence from Jordan, European Journal of Business
and Management, 5(30), 2013.
[2] Abdullah, Sarkar and Omar, causality between stock and foreign exchange markets: Evidence from Bangladesh, Journal of
Financial Economic Policy, 4(4), 2012, 305-319.
[3] Alile, H. I., The Nigerian stock exchange: historical perspectives, operations and contributions to economic development. Central
Bank of Nigerian Bullion, 2, 1984, 65–69.
[4] Aregbeshola, The role of local financial market on economic growth: empirical evidence from a sample of three African economic
groupings, African Journal of Economic and Management Studies, 7(2), 2016, 268-288.
[5] Ayopo, Isola and Olukayode, Stock Market Response to Economic Growth and Interest Rate Volatility: Evidence from Nigeria,
International Journal of Economics and Financial Issues, 6(1), 2016, 354-360.
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | The Impact of Infrastructure on Trade: The Case of Malaysia |
| Country | : | Malaysia |
| Authors | : | Nor Asma Ahmad |
Abstract: This study examines the role of infrastructure on trade in Malaysia from 1990 to 2013. Main objectives include testing the addition of infrastructure into the augmented gravity equation and examining trade costs reduction through improvement in infrastructure. A panel data analysis is employed to determine the impact of infrastructure on trade between Malaysia and 36 countries. After testing the robustness of the results using a fixed effect model, the findings show that all of the infrastructure variables are significant and positively related tot the value of trade between Malaysia and its trading partners.
Keywords: Gravity model, infrastructure, Malaysia, trade, trade costs
[1]. Anderson, J. and van Wincoop, E. (2004). Trade Costs. Journal of Economic Literature, 42(3): 691-751
[2]. Brooks, D. (2008). Regional Cooperation, Infrastructure and Trade Costs in Asia. ADBI Working Paper 123. Tokyo: Asian Development Institute.
[3]. Cheng, I. and Wall, H. J. (2005). Controlling for Heterogeneity in Gravity Models of Trade and Integration. Review- Federal Reserve Bank of St. Louis, 87(1): 49.
[4]. De, P. (2009). Trade Transportation Costs in South Asia: an Empirical Investigation in Infrastructure's Role in Lowering Asia's Trade Costs: Building for Trade. Cheltenhem: Asian Development Bank Institute (ADBI) and Edward Elgar (EE).
[5]. Financial Infrastructure Report (2009). Available from internet:
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | Effective Uses of Digital Currency can be the Avenue to Achieve the Vision of Digital Bangladesh |
| Country | : | Bangladesh |
| Authors | : | Kanij Fatema || Naznine Akter || Mohit Prodhan |
Abstract: The phrase "Digital Bangladesh" stands for a concept which benefits the country as a whole by using Information and Communication Technology for management, administration and governance in order to ensure transparency, accountability and answerability at all levels of society. The internet has opened up many freelance opportunities, expanded available markets, and has contributed to service sector growth in many countries like Bangladesh. As everything is being digitalized, we also need digital currency for making easy online money transfer that will facilitate for achieving the vision of Digital Bangladesh...........
Keywords: Digital Bangladesh, Vision 2021, Digital Currency, Outsourcing, Bitcoin, Online payment system.
[1] Wikipedia (2016) Vision 2021, Retrieved August 04,2016 from https://en.wikipedia.org/wiki/Vision_2021#Digital_Bangladesh Planning Commission (April 2012) 'VISION FOR A PROSPEROUS FUTURE', in Planning Commission (ed.) PERSPECTIVE Plan Of Bangladesh 2010-2021.Bangladesh: Planning Commission, Government of the People's Republic of Bangladesh, pp. 6.
[2] Planning Commission (April 2012) Perspective Plan Of Bangladesh 2010-2021, Bangladesh: Planning Commission, Government of the People's Republic of Bangladesh.
[3] Gizmodo (2015) Bill Gates: Digital Currency Can Help the Poor, But Not Bitcoin, Retrieved August 04,2016 from http://gizmodo. com/bill-gates-digital-currency-can-help-the-poor-but-not-1682346647
[4] Wikipedia (2016) Digital currency, Retrieved August 04,2016 from https://en.wikipedia.org/wiki/Digital_currency
[5] world Economic Forum (2015) 5 ways digital currencies will change the world, Retrieved August 04,2016 from https:// www.weforum.org/agenda/2015/01/5-ways-digital-currencies-will-change-the-world/.
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | Impact of Credit Risk Management on Earnings per Share and Profit after Tax: The Case of Nigerian Listed Banks |
| Country | : | |
| Authors | : | Musa Yelwa Abubakar || Mary Ovayioza Ezeji || Yakubu Shaba || Sunusi Sa'ad Ahmad |
Abstract: The importance of credit management in financial institutions cannot be overemphasized owing to the fact that it is a complex segment in banking business. The major causes of serious problems in banks are related to low credit standards for borrowers and counterpart, poor management and lack of attention to changes in economic or other circumstances that can lead to deterioration in the credit standing of banks' counter parties. The study examined the effect of credit risk management on banks' performance in Nigeria over a period of 14 years (2000-2013). Non-probability method in the form of judgmental sampling technique was adopted in selecting fourteen banks quoted on the Nigerian Stock Exchange.................
Keywords: Credit Risk Management, Earnings Per Share, Profit After Tax
[1] Kargi, H. S. (2011). Credit Risk and the Performance of Nigerian Banks. Ahmadu Bello University, Zaria.
[2] Kolapo, T. F., Ayeni, R. K. & Oke. M. O. (2012). Credit Risk and Commercial Banks' Performance in Nigeria: A Panel Model Approach. Australian Journal of Business & Management Research, 2(2): 31-38.
[3] Hosna, A., Manzura, B. & Juanjuan, S. (2009). Credit Risk Management and Profitability in Commercial Banks in Sweden. University of Gothenburg, School of Business, Economics and Law. Unpublished Research Project.
[4] Afriyie, H. O. & Akotey, J. O. (2010). Credit Risk Management and Profitability of Selected Rural Banks in Ghana. Unpublished Research Project.Alshatti, A. S. (2015). The Effect of the Liquidity Management on Profitability in the Jordanian Commercial Banks. International Journal of Business & Management, 10(1): 62-72.
[5] Ogboi, C. & Unuafe, O. K. (2013). Impact of Credit Risk Management and Capital Adequacy on the Financial Performance of Commercial Banks in Nigeria. Journal of Emerging Issues in Economics, Finance & Banking (JEIEFB), 2(3): 703-717.
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | Evaluating Economic Externalities of the Energy Development: a Comparison of IO and CGE Models |
| Country | : | Turkey |
| Authors | : | Vidas Lekavičius || Arvydas Galinis |
Abstract: Input-output (IO) models are the most popular and relatively simple method for the evaluation of economic externalities of the energy development, but the limitations of IO analysis might result in overestimation of possible positive impacts (jobs created, etc.).On the contrary, computable general equilibrium (CGE) modelling is quite complicated in terms of initial cost of application, but it could provide more reliable results. Therefore, the choice of relevant methodological framework in real applications must balance easiness of application and reliability of results. In this paper, we apply both methods for the same case in order to assess the reasons of differences in results..............
Keywords: Computable general equilibrium, economic externalities, energy development, energy economics, input-output analysis.
[1] Lekavičius, V. and A. Galinis, External Economic Effects of the Development of Energy Sector: Evaluation Methodologies and
their Application. Procedia - Social and Behavioral Sciences, 2015. 213: p. 142-147.
[2] Haqiqi, I. A Comparison of CGE and IO models in analysis of Water Scarcity and Climate Change. 2014. Lisbon, Portugal.
[3] Koks, E.E., et al., Regional disaster impact analysis: comparing input–output and computable general equilibrium models. Natural
Hazards and Earth System Sciences, 2016. 16: p. 1911-1924.
[4] Zhou, D., et al., Estimating economic impacts from tourism. Annals of Tourism Research, 1997. 24(1): p. 76-89.
[5] West, G.R., Comparison of Input–Output, Input–Output + Econometric and Computable General Equilibrium Impact Models at the
Regional Level. Economic Systems Research, 2006. 7(2): p. 209-227.
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | Impact of Mgnrega Functioning on Rural Development of Mandi District of Himachal Pradesh: An Empirical Investigation |
| Country | : | India |
| Authors | : | Dr. Sanjeet Singh |
Abstract: The National Rural Employment Guarantee Scheme (NREGS) is a flagship poverty alleviation programme of the Government of India, which seeks to guarantee at least 100 days of employment every year to the rural poor or enhance livelihood security by 100 days of employment a year to one member of every rural unemployed family. In a bid to woo tribals, the government raised the workdays from 100 days to 150 days for tribals. NREGA in the existing frame has a great potential of transforming rural India, if it is sincerely and effectively implemented. In this paper, an attempt is made to measure the performance of MNREGA on employment, income, education, work culture, women empowerment, rural infrastructure, consumption pattern, standard of living, agriculture income among the MNREGA beneficiaries in the economy Mandi district of Himachal Pradesh. Further study.........
[1]. Kumar, Pawan (2006), Rural Infrastructure, Yojana, Vol. 50, New Delhi, p. 83.
[2]. Dutta, Subhabrata (2009), NREGA In West Bengal: Success and Challenges ,Kurukshetra, Vol.58, No. 2, New Delhi, p. 33.
[3]. For detailed see CAG Audit in (2007), Performance Audit of Scheme, Economic & Political Weekly, Vol. 40, No. 42, Mumbai, pp. 4531-37.
[4]. Ghosh, B. N. (1977), "Disguised Unemployment in Underdeveloped Countries with Special Reference to India", Heritage Publishers, New Delhi, p.90.
[5]. Government of Himachal Pradesh, (2015), "Economic Survey of Himachal Pradesh", Economics and Statistics Department of Himachal Pradesh, Shimla, p. 144..