Version-3 (Nov-Dec 2016)
Version 1 Version 2 Version 3 Version 4
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | The Impact of Cash Management Practices on Performance of SMEs: A Survey of SMEs in Eldoret Central Business District |
| Country | : | Kenya |
| Authors | : | Joseph Otieno Oluoch |
Abstract: Small and Medium Enterprises (SMEs) are pertinent cogs to any economy and more so to economies of developing countries. Despite their vital contribution to the economy in terms of creating employment opportunities, most SMEs are faced with a myriad of challenges and collapse within the first few months of operation. Most of these challenges are financial. In an environment where the entrepreneur's survival in a competitive environment depends on their innovative ability, it is important to evaluate the impact of cash management practices on performance of SMEs..............
Keywords: Cash Management, SMEs, Eldoret, Performance, Liquidity, Finance, Accounting.
[1] Bowen, M., Morara, M., & Mureithi, M. (2009). Management of Business Challenges among Small and Micro Enterprises in Nairobi Kenya. KCA Journal of Business Management, 2(1), 16-31.
[2] Longenecker, J. G., Petty, C. W., Moore, J. W., & Palich, L. E. (2006). Small Business Management: An Entrepreneurial Emphasis. London: Thomson South Western.
[3] Oketch, H. O. (2000). Gender Equity. In A. Mullei and A. Bokea (Eds.), Micro and Small Enterprises in Kenya: Agenda for Improving the Policy Environment, Nairobi: International Centre for Economic Growth, University of Nairobi.
[4] Tomecko, J., & Dondo, A. (1992). Improving the Potential of Small Scale and Informal Sector. Nairobi: K-REP and GTZ.
[5] Kiiru, W. K. (1991). A Review of the Institutional Lending to the Jua Kali and Small Enterprise Sector in Kenya. Geneva: International Labour Organization.
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | Capital Market Liquidity and Economic Growth in Nigeria: An Autoregressive Distributed Lag (ARDL) Approach |
| Country | : | Nigeria |
| Authors | : | Yohanna Panshak || Musa Esuwa Shingil |
Abstract: This research seeks to examine the relationship between capital market liquidity and economic growth in Nigeria using time series data spanning 1981 to 2014. It employs Autoregressive Distributed Lag Model (Bound Test). It reveals that there exist a long run relationship between capital market liquidity and economic growth. The extent to which disturbances in the short run are tied up to the long run position is about 84 percent. The empirical result is largely in conformity with several researches on the relevance of an active and liquid stock market in economic growth process. The policy implication of this work is that stock market can be relied upon for advancing growth in Nigeria...............
[1]. Adenuga, 0 A. 2010. "Stock Market Development Indicators and Economic Growth in Nigeria (1990-2009): Empirical Investigations,‟ CBN Economic and Financial Review,
[2]. Apergis, Nicholas eta al. 2015. "Does Stock Market Liquidity Explain Real Economic Activity? New Evidence from two Large European Stock Markets," Journal of International Financial Markets, Institutions & Money, vol 38: 42-64
[3]. Atje, R & B Jovanovic. 1993 "Stock markets and development‟ European Economic Review, vol 1, no 37: 632-40.
[4]. Beber, A. 2011 "What Does Liquity Sector Order Flow Tell us about the Economy?‟ Review of Financial Studies, vol 24, no 1: 3688–3730.
[5]. Beck, T eta al. 1999 "A New Database on Financial Development and Structure, Policy Research‟ Working Paper, The World Bank, mimeo.
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | Cost of Antibiotics in Society and Economic Approach |
| Country | : | USA |
| Authors | : | Jayshree D. Patel || Reza Fadaei |
Abstract: Antibiotics make a significant worldwide contribution by saving thousands of lives annually. After the discovery of antibiotics, rapid emergences of antibiotic-resistant bacteria are threatening this extraordinary achievement. Antibiotic-resistant infections place a substantial economic burden on the global health care system. The crisis is highly accepted by policy makers and scientists, as well as civil society organizations including: the World Health Organization (WHO), the Food and Drug Administration (FDA), the Center for Disease Control (CDC), and the Dutch Presidency of the European Union (EU). It reflects the worldwide overuse of antibiotics and the lack of newly.............
Keywords: society, antibiotics, antibiotic-resistance, economics, infection, statistic
[1]. Spellberg, B., Bartlett, J., Wunderink R., and Gilbert, D.N. Novel approaches are needed to develop tomorrow's antibacterial therapies. American Journal of Respiratory Critical Care Medicine, 191 (2), 2015, 135-140.
[2]. Renwick, M.J., Simpkin, V., & Mossialos, E. Targeting innovation in antibiotic drug discovery and development. Retrieved from http://www.euro.who.int/__data/assets/pdf_file/0003/315309/Targeting-innovation-antibiotic-drug-d-and-d-2016.pdf. (2016) [3]. Howell, L. The costs of antibiotic-resistant bacteria. In Global risk 2013 (8th Ed.). Marsh & McLennan Companies. Retrieved from http://reports.weforum.org/global-risks-2013/risk-case-1/the-dangers-of-hubris-on-human-health/#view/fn-x. (2016).
[4]. CDDEP. State of the World's Antibiotics, 2015. The Center for Disease Dynamics & Policy: Washington, DC. Retrieved from https://cddep.org/sites/default/files/swa_2015_final.pdf. 2015.
[5]. Doane, M., and Sarenbo, S. Antibiotics usage in 2013 on a dairy CAFO in NY state. USA. Infection Ecology and Epidemiology. http://dx.doi.org/10.3402/iee.v4.24259. (2014)..
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | Non Performing Assets of Indian Banking System and its Impact on Economy |
| Country | : | India |
| Authors | : | Pro. D.S. Rathore || Dr.Sangeeta Malpani || Sunita Sharma |
Abstract: Assets which generate income are called performing assets and but those do not generate income are called non-performing assets. A debt obligation where the borrower has not paid any previously agreed upon interest and principal repayments to the designated lender for an extended period of time. The nonperforming asset is therefore not yielding any income to the lender in the form of principal and interest payments.For example, a mortgage in default would be considered non-performing. After a prolonged period of non-payment, the lender will force the borrower to liquidate any assets that were pledged as part of the debt agreement.............
Keywords:...........
[1] Annual Research Journal of Symbiosis Centre for Management Studies, Pune Vol. 4, March 2016 125 Chatterjee, C. and Mukherjee, J. and Das, R., "Management of nonperforming assets – a current scenario", International Journal of Social Science & Interdisciplinary Research, Vol.1Issue 11, 2012.
[2] Journal of Commerce, Vol.57, No2, 2004 Kaur , K. & Singh, B., "Non-performing assets of public and private sector banks A comparative study", South Asian Journal of Marketing and Management Research, Vol. 1,Issue 3, 2011.
[3] Rai, K., "Study on performance of NPAs of Indian commercial banks", Asian Journal Of Research in Banking and finance, Vol. 2, Issue 12, 2012...
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | A Multidimensional Subjective Scale Development for Exploring the Application of Change Management Practices to Implement Privatization Policy |
| Country | : | India |
| Authors | : | Virupaksha Goud G || Dr Vinod S Puranik |
Abstract: We analyzed the role of change management practices while implementing privatization policy among the stakeholders. This study is a little deviation from observation studies adopted by many change management scholars. The final questionnaire contains 8 important change management dimensions with 45 items. Out of 45 items, 26 items are cause factors and remaining are effect factors. Change management practices such as Awareness, Communication, Policy Naming, Confidence Building, Negotiation, Participation, Benefits, & Coercion are considered for this study. The study considered PSU employees has a primary stakeholder and the general public along with students.............
Keywords: Privatization response measurement scale, Privatization acceptance measuring scale, privatization support evaluation scale, change management practices in privatization,Economic Policy Change Management scale.
[1] Al Ries and Jack Trout (1992) The Battle for Your Mind. Warner Books.
[2] Alfred G. Nhema (2015) Privatisation of Public Enterprises in Developing Countries: An Overview. International Journal of Humanities and Social Science, Vol. 5, No. 9; September 2011.
[3] Atakoy (2002) Conference on Privatization, Employment and Employees. Mike Wright Centre for Management Buy Out Research, England.
[4] Bagozzi. R, Yi. Y and Philips. L (1991) Assessment construct validity in organizational research. Administrative Science Quarterly, Vol 36, No 3, pp 421-458.
[5] Carmines. E and Zeller. R (1979) Reliability and validity assessment. Sage Publications
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | An Analysis of non-Performing Asset Management by Nayagarh District Central Co. Operative Bank Ltd. Nayagarh, Odisha |
| Country | : | India |
| Authors | : | Dr Ashok kumar Rath |
Abstract: NPA is Non-Performing Asset, which means an asset or account of borrower, which has been classified by a Bank as Sub-Standard, Doubtful or Loss Asset, in accordance with the directions or guidelines relating to assets classification issued by RBI. A Loan Asset becomes Non-Performing when it ceases to generate income to the Bank. These NPAs have well defined credit weakness that jeopardize the liquidation of debts and may be characterized by the distinct possibilities that the Bank will sustain some loss.............
Keywords: S S D = Standard Assets, S S T = Sub-Standard Assets, D F = Doubtful Assets L A = Loss Assests
[1]. Primary Source
[2]. Nayagarh District Central Co-Operative bank
[3]. Finance Dept and admin.Dept.
[4]. Secendary Source
[5]. Annual report of N.D.C.C.B.
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | Measurement of Technical Efficiency of Resettled Farm Households in Western Ethiopia |
| Country | : | India |
| Authors | : | Shumet Asefa Kibret || Sukhwinder Singh || Jaswinder Singh Brar |
Abstract: The study measured technical efficiency of resettled farmers in Western Ethiopia. Multi-stage proportionate random sampling technique was used to collect farm data of 285 resettled and 135 existing crop producers for comparative purpose in 2015/16. The result of maximum likelihood estimation of Cobb-Douglass function shows that land, labor, local seed, oxen, improved seed, manure and herbicide were found to have enhancing effect on the productivity of farmers in the study area. The SFA shows that the mean TE scores of resettled and existing farmers were found as 0.738 and 0.713, respectively.............
Keywords: DEA, Resettled Farmers, SFA, Technical Efficiency, Western Ethiopia
[1] Aigner, D.J., C.A.K Lovell, and P. Schmidt (1977). Formulation and Estimation of Stochastic Frontier Production Function Models. Journal of Econometrics, Vol.6, pp: 21-37.
[2] Ajibefun, I.A. (2008). An Evaluation of Parametric and Non-Parametric Methods of Technical Efficiency Measurement: Application to Small Scale Food Crop Production in Nigeria. Journal of Agriculture and Social Sciences, Vol. 4, No. 3, pp: 95-100.
[3] Andersson, C., M. Alemu , and J. Stage (2009). Impacts of the Productive Safety Net Program in Ethiopia on Livestock and Tree Holdings of Rural Households, Environment for Development, Discussion Paper Series.
[4] Arega, D.A, V.M. Manyong , and J. Gockowski (2006). The Production Efficiency of Intercropping Annual and Perennial Crops in Southern Ethiopia: A Comparison of Distance Functions and Production Frontiers. Agricultural Systems, Vol. 91, pp: 51–70.
[5] Banker, R.D., A. Charnes, and W.W. Cooper (1984). Some Models for Estimating Technical and Allocative Efficiencies in Data Envelopment Analysis. Management Science, Vol. 30, pp: 1078-1092
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | How Bankers Hedge against the Market Risk: a Case Study of Jammu and Kashmir Bank |
| Country | : | India |
| Authors | : | Ajaz ul Islam || Gohar Abbas Khan |
Abstract: The Basic purpose of the study is to evaluate the market risk of Jammu and Kashmir bank. Further the Specific objectives of the study include (i) understanding the different types of Market Risks faced by the banks, (2) Evaluating what are the different tools which are used to evaluate the market risk of the banks (3) Evaluating the difference between the Internal Model approach and the Standard approach to account for market risk (4) How Historical Value at Risk (HVaR) is different from Standard approach assigned under BASEL norms. The study uses the data from five equity stocks and three debt stocks in which Jammu and Kashmir bank has invested for a period of 300 days.............
Keywords: Market Risk, Value-at-Risk, Standard Approach
[1] Black, F. & M. Scholes (1973). The Pricing of Options and Corporate Liabilities. Journal of Political Economy, 81, 637-59.
[2] Cox, J. C., S. A. Ross, and M. Rubeinstein (1979). Option Pricing a Simplified Approach. Journal of Financial Economics, 7, 229-63
[3] Fischer Black, Myron Scholes (1973) ―The Pricing of Options and Corporate Liabilities,‖ Journal of Political Economy, 72, 229-246.
[4] Islam, A. U., 2014. Impact of Armed Conflict on Economy and Tourism: A Study of State of Jammu and Kashmir. IOSR Journal of Economics and Finance (IOSR-JEF), 4(6). pp. 55-60.
[5] Islam, A. U. (in press). Corporate Governance Performance of publicly Listed Companies in India: A Cross-Sectional industry Analysis of BSE 200. International Journal of Corporate Governance.
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | The Effect of Debt Policy on Firms' Performance: Empirical Evidence from Listed Manufacturing Companies on the Ghana Stock Exchange |
| Country | : | Ghana |
| Authors | : | Kwadwo Boateng Prempeh || Allan McBright Sekyere || Evelyn Nsiah Asare |
Abstract: Adopting a Debt Policy is considered as a momentous decision that influences the firm's value. The purpose of this Study is to empirically investigate the effect of Debt Policy (Short-Term Debt, Long-Term Debt, and Total Debt) on firms' performance. Annual data was collected from five (5) manufacturing companies listed on the Ghana Stock Exchange (GSE) between 2005 to 2015. The panel data regression model was used to test if there was a significant relationship between the debt ratios and the performance indicators.............
Keywords: Firms' Performance, Debt policy, gross margin profit, Return on Asset (ROA), Tobin's Q Ratio, Ghana Stock Exchange
[1] Abdel Shahid, S. (2003). Does ownership structure affect firm value? Evidence from the Egyptianstockmarket. Working Paper. http://dx.doi.org/10.2139/ssrn.378580
[2] Abor, J., & Biekpe, N. (2005). What Determines the Capital Structure of Listed Firms in Ghana? Africa Finance Journal, 7 (1), 37–48.
[3] Abor, J. (2007). The effect of capital structure on profitability: an empirical analysis of listed firms inGhana. Journal of Risk Finance, 6 (5), 438-445.
[4] Akoto, R. K., & Gatsi, J. G. (2009). Capital Structure and Profitability in GhanaianBanks. Social Science Research Network, 1 (2), 66–70.
[5] Akoto, R. K., & Awunyor-Vitor, D. (2013). What Determines the Debt Policy of Listed Manufacturing Firms in Ghana? International Business Research, 7(1), 42-48.
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | High Interest Rate in Ghana: An Empirical Study of Societe Generale Ghana [SG-GH] |
| Country | : | Ghana |
| Authors | : | Francis Ayensu || Frank Richard Gbemu || Francis Kwaku Kuma || Michael Kwesi Ofori Appiah |
Abstract: The issue of high interest rates in Ghana has raised concerned by the Government of Ghana, businesses, Commercial banks, Bank of Ghana, and foreign investors alike. The study focused on a sole Ghanaian bank as the case study. Societe Generale Ghana (SG-GH) is a subsidiary of a French multinational bank. The study followed a narrative enquiry research strategy and descriptive research design. The target population was Management personnel and loan customers of SG-GH. Interview technique was the research instrument used..............
Keywords: Interest rate, Ghana, Bank of Ghana, Societe Generale Ghana, etc
[1]. Anderson et al. (2014). The impact of higher interest rates on the household sector. Bank of England Quarterly Bulletin
[2]. Campbell J. Y. & Schiller, R. J. (1989). Yield Spread and Interest Rate Movements: A Bird's Eye View. National Bureau of
Economic Research. Working Paper No 3153.
[3]. Chan K. C., Karolyi A., Longstaff F. A., and Saunders, A. B. (1992). An Empirical Comparaison of Alternative Models of the
Short-term interest rate. The Journal of Finance. Vol XLVII. No 3.
[4]. Churchill, R. Q., Kwaning, C. O., & Ababio, O. (2014). The determinant of bank interest spreads in Ghana. International Journal of
Economics Behaviour and Organization. Vol 2. No 4.pp. 49-57. ISSN: 2328-7616 (Online). 2328-7608 (Print)
[5]. Cook, T. & Hahn, T. (1988). The Effect of Changes in the Federal Funds Rate Target on Market Interest Rates in the 1970s. Federal
Reserve Bank of Richmond. Working Paper, pp88-4.
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | Effect of Government Expenditure, Investment, Work Force on Economic Growth in the Province Jambi |
| Country | : | Indonesia |
| Authors | : | Dr. Sudirman |
Abstract: Indonesia's national development can not be separated from the regional development for the Republic of Indonesia (NKRI) is composed of the provinces and districts / cities and smaller areas that districts and villages. Jambi is part of one of the provinces in Idonesia.Developments Jambi growth in 2005 of 4.99%. However, in 2006 has increased very significantly, namely to 5.38%. But in 2007 and 2015 the increase is quite stable, so it can be concluded that there are factors that affect the economic growth that occurred in the province of Jambi.Besides the general economic growth that occurred in the province of Jambi can be affected by many factors including economic and workforce investment.............
Keywords: Government Expenditure, Invesment, Work Force, Economic Growth
[1] Aaberge, Rolf & Audun Langorgen. 1997 Fiscal and Spending Behavior of LocalGovernment: An empirical analysis based on Norwegian data. Statistics Norway, Discussion paper no. 196.
[2] Adhisasmita. 2005. Regional Development Gap Analysis: Indonesia from 1992 to 2004. Journal of Development Economics Study of Developing Economies, Vol. 9, No. 2, Hal: 129-142.
[3] Alisjahbana, Armida S., 2000, The Implication of Fiscal Decentralisation on Local Government Own Revenue Mobilization, Economic Journal, Vol. XV, No. 2, 2000.7 to 26 September.
[4] Arsyad, L.1997. Economic development. Issue 3. Part Publishing STIE YPKN Yogyakarta.
[5] Arisudi, Mokh. Azis, 1997. "Disparity in Income and Poverty Measurement Developments in Indonesia: An Telah'ah against Kuznets Phenomenon". Central Library of Brawijaya University - Malang
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | An Assessment of Financial Efficiency using Data Evolvement Analysis (DEA)-Multistage Approach: A Case Study of Banks in Bangladesh |
| Country | : | Bangladesh |
| Authors | : | Md. Qamruzzaman || WEI Jianguo |
Abstract: Paper: Research paper Purpose:This study is identifying financial efficiency level of Financial institutions especially Banks in Bangladesh over the period from 2011 to 2015 Methodology:This research study consider 24 private commercial banks out of 30 who are listed in capital market. Technical efficiency is determined using Data Envelopment Analysis (DEA) considering both input and output orientation measures. Findings:Study result revealed that at firm level about 62% banks preforming efficiently under Constant Returns to Scale (CRS) and 75% banks under Variable Returns to Scale (VRS) in both input and output orientation.While assessing technical efficiency level as a whole banking industry does not performing efficiency, it shows a decreasing returns to scale over the period from 2011-2015.
Keywords: Technical efficiency, Data evolvement analysis, ROA, CRS, VRS
[1]. Adeyinka, C. (2015). Efficiency Evaluation of European Financial Cooperative Sector. A Data Envelopment Analysis Approach.
International Journal of Academic Research in Accounting, Finance and Management Sciences, Pp.11-21.
[2]. Analysis, E. E. (2013). Sufian Saeed , Farman Ali , Baber Adeeb & Muhammad Hamid. Global Journal of Management and
Business Research Finance, Pp.1-13.
[3]. Antonella Basso¤, S. F. (2010). Measuring the performance of ethical mutual funds: a DEA approach. University of Venice.
[4]. Avkiran, H. M. (2015). Selecting Inputs And Outputs In Data Envelopment Analysis By Designing Statistical Experiments.
Journal of the Operations Research Society of Japan, Pp. 163-173.
[5]. Barbullushi (Sakti) & E., D. O. (2016). Albanian Banking Efficiency Analysis: A Production Dea Approach - Comparision Of
Crs And Vrs Model. Regional Science Inquiry, Pp. 59-68
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | Diversification of Nigeria Economy through Agricultural Production |
| Country | : | Nigeria |
| Authors | : | Adams Oluwadamilola Kemi |
Abstract: There is no doubt that petroleum (crude oil) has contributed substantially to Nigerian revenue since its discovery in 1956 and more especially, since 1970 when its price was on the upward trend, it is a well-known fact that Nigeria's continuous large earnings or revenue from this sector will be impossible due to the reduction in oil price. However, it is a known fact across the globe that for a country to attain growth and development, its economy has to be diversified. Mono-economy needs to give way to the productive development of various sectors of the economy.........
Keywords: Economic diversification, Agricultural production
[1]. Adebayo, O.O. (1999), "Nigeria external debt crisis: Its management." Lagos: Malt house Press Limited.
[2]. Akpan, E.O. (2009). "Oil price shocks and Nigeria‟s macro economy." [Online]. Available: http://www.csae.ox.ac.uk/conferences/2009-EDiA/papers/252-Akpan.pdf Brown, P. L. (2014, September 5). "Nigeria, the mono-economy," The Leadership Newspaper, pp. 1-5.
[3]. Anyanwu, J. C. et al. (1997). The Structure of the Nigerian Economy (1960-1997). Onitsha: JOANEE Educational Publishers.
[4]. Anyawu, 2018 How Nigeria's Economy Can Be Diversified
[5]. Essien, E. B. (2008). Poverty Reduction in Nigeria: The Role of Rural Agriculture, being a PhD Workshop paper presented to the Department of Economics, University of Uyo, Nigeria
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | The impact of credit risk management on the financial performance of Ethiopian commercial banks |
| Country | : | India |
| Authors | : | Shobor Gudeta Rundassa || Professor (Dr) G.S.Batra |
Abstract:The main purpose of this research is to investigate the relationship between credit risk management and financial performance of Ethiopian commercial banks over a period of years 2010-2014. The research is hypothesis testing in type. LOGROA and LOGROE used as dependent variables measures financial performance and capital adequacy ratio, asset quality, management soundness, earnings and liquidity ratio used as independent variables measures of credit risk management. The hausman test is applied. Correlations and fixed regression analysis used to do the empirical analysis using eviews software...........
Keywords: Credit, credit risk, LOGROA, LOGROE and risk management
[1]. Tony Van Gestel and Bart Baesens (2009) credit risk management; basic concepts: financial risk components, rating analysis, models, economic and regulatory capital, Oxford, United states: Oxford University Press Inc. New York.
[2]. Shelage Haffernan (2005) modern banking, John Wiley and Sons Ltd, the atrium, Southern gate, chichister,England.
[3]. Joes Bessis (2002) risk management in banking, 2nd edition, John Wiley & Sons Ltd, Baffins Lane, Chichester, West Sussex, PO19 1UD, England.
[4]. National Bank of Ethiopia (2009) banking industry risk management survey report, retrievedfromhttp://www.nbebank.com /pdf/bankrisk/SurveyReportrevised.pdf
[5]. Girma Mekasha (2011) credit risk management and its impact on performance of Ethiopian commercial banks, MSC thesis, Addis Ababa University, Addis Ababa, Ethiopia, retrieved from http://etd.aau.edu.et.