Version-1 (Jan-Feb 2017)
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| Paper Type | : | Research Paper |
| Title | : | Corruption and Legislative Functions in Nigeria |
| Country | : | Nigeria |
| Authors | : | Usman D. Umaru, Ph.D |
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: | 10.9790/5933-0801010108  |
Abstract: The Legislature is an important institution of government in a democratic system of government as Nigeria, especially the bicameral legislature, made up of the Senate and the House of Representative. It was against this background that this study is on the impact of corruption on the function of the legislature. The study adopted content analysis. Documentary ideas as expressed in text books, journal articles, magazines, Internet and Newspapers was analyzed and utilized. Its objective is to identify how corruption scuttled proper democratic representation in the National Assembly in Nigeria...............
Keywords: Representative system of government, Legislature and Corruption.
[1]. 1999 Constitution of the Federal Republic of Nigeria, pages 27, 31, 32 & 33.
[2]. Abimboye, D. (2010). A House of Fraud. Lagos, Newswatch Magazine, July, page 14.
[3]. Agbo, A. (2012). The Oversight Haram. Lagos, Tell Magazine, July, pages 45-51.
[4]. Akintunde, K. (2003). Damaging Allegations. Lagos, The Week Magazine, Oct., page 15-17.
[5]. Drenkat, C. (2016). Budget Padding: Between National Assembly and Law. Abuja, Forefront Magazine, August, pages 16-17.
[6]. Mbah, G. (2002). Valley of Corruption. Lagos, Insider Weekly Magazine, December, page 19.
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| Paper Type | : | Research Paper |
| Title | : | Implications of Financial Repression on Economic Growth: Evidence from Nigeria |
| Country | : | Nigeria |
| Authors | : | Francis Agboola Oluleye |
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: | 10.9790/5933-0801010914 |
Abstract: This study set out to examine the effects of financial repression on economic growth using Nigeria's data and adapted form of McKinnon (1973) and Shaw (1973) models. McKinnon (1973) and Shaw (1973) found that financial repression retards economic growth. Our study found that they were right, that interest rate regulation and control negatively affect investment as low interest rate will discourage savings thereby depriving investment the needed funded and hence retard economic growth. Therefore, to make funds available for investment and enhance economic growth, monetary authorities will have to ease financial repression by raising or/and liberalizing interest rate.
Keywords: Financial repression, interest rate, monetary authorities, economic growth
[1]. Gbosi, A.N. (2005). Money, Monetary Policy and the Economy, Uyo: Abigab Associayes
[2]. Ghatak, S. (1995). Monetary Economics in Developing Countries, 2nd ed, New York: St. Martins Press
[3]. Keynes, J.M. (1936). The General Theory of Employment, Interest and Money, London: Macmillian Press Ltd
[4]. Koutsoyannis, A. (1977). Theory of Econometrics, Basingstoke: Macmillian Press Ltd
[5]. Mckinnon, R. (1973). Money and Capital in Economic Development, Brookings Institute, Washington
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| Paper Type | : | Research Paper |
| Title | : | Modeling USD/KES Exchange Rate Volatility using GARCH Models |
| Country | : | Kenya |
| Authors | : | Cyprian Ondieki Omari || Peter Nyamuhanga Mwita || Antony Gichuhi Waititu |
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: | 10.9790/5933-0801011526 |
Abstract: In this paper the generalized autoregressive conditional heteroscedastic models are applied in modeling exchange rate volatility of the USD/KES exchange rate using daily observations over the period starting 3rd January 2003 to 31st December 2015. The paper applies both symmetric and asymmetric models that capture most of the stylized facts about exchange rate returns such as volatility clustering and leverage effect. The performance of the symmetric GARCH (1, 1) and GARCH-M models as well as the asymmetric EGARCH (1, 1), GJR-GARCH (1, 1) and APARCH (1, 1) models with different residual distributions are applied to data. The most adequate models for estimating volatility of the exchange rates are the asymmetric APARCH model, GJR-GARCH model and EGARCH model with Student's t-distribution.
Keyword: GARCH Models, Volatility clustering, forecasting volatility, Leverage effect, Value-at-Risk
[1] Black, F. (1976). Studies of stock price volatility changes.
[2] Bollerslev, T. (1986). Generalized autoregressive conditional heteroskedasticity. Journal of econometrics, 31(3), 307-327.
[3] Bollerslev, T. (1987). A conditionally heteroskedastic time series model for speculative prices and rates of return. The review of economics and statistics, 542-547.
[4] Brooks, C. (2008). Introductory financial econometrics.
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| Paper Type | : | Research Paper |
| Title | : | Capacity Apparatus Improvement in Managing Economics and Finance towards Independent Village |
| Country | : | Indonesia |
| Authors | : | Rahima Br. Purba |
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: | 10.9790/5933-0801012731 |
Abstract: In the general provisions of Permendagri 37/2007, it tells that the village is the overall financial management activities include: planning, budgeting, administration, reporting, accountability and financial oversight of the village. With the autonomous rights, the village is expected to manage its finances independently, better manage revenue and income sources also manage the budget expenditures. The purpose of this study was to describe the condition of financial management "Cempa Village" and "Sukadamai Village" in the district of Hinai, Langkat. To determine the extent to understanding whether village officials on the management of village finances effectively and efficiently to realize independent village, the research method used in this research is using a qualitative approach..........
Keyword: Financial, Management, Village
[1]. Rusiadi, A. Novalina, P. Khairani and A. P. U. Siahaan, "Indonesia Macro Economy Stability Pattern Prediction (Mundell-Flamming Model)," IOSR Journal of Economics and Finance (IOSR-JEF), vol. 7, no. 5, pp. 6-23, 2016.
[2]. E. Sutoro, "Mempertegas Politik dan Kewenangan Desa," in Sarasehan Nasional Menggagas Masa Depan Desa, Jakarta, 2006.
[3]. Hudayana, Bambang and T. P. FPPD, "Peluang Pengembangan Partisipasi Masyarakat melalui Kebijakan Alokasi Dana Desa, Pengalaman Enam Kabupaten," in Forum Pengembangan Partisipasi Masyarakat (FPPM, Lombok, 2005.
[4]. Abdullah, Syukriy and A. Halim, "Studi atas Belanja Modal pada Anggaran Pemerintah dalam Hubungannya dengan Belanja Pemeliharaan dan Sumber Pendapatan," Jurnal Akuntansi Pemerintahan , vol. 2, no. 2, pp. 1-18, 2006.
[5]. Sari, Puspita, Noni, Yahya and Idhar, "Pengaruh Dana Alokasi Umum dan Pendapatan Asli Daerah terhadap Belanja Langsung," Jurnal Akuntansi Pemerintahan, vol. 42, no. 42, pp. 359-363, 2009
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| Paper Type | : | Research Paper |
| Title | : | Steady Income and Costs Management in Municipalities: Two Crucial Factors in Sustainable Development |
| Country | : | Malaysia |
| Authors | : | Ehsan Abdi || Katayoon Pourmahdi || Alireza Azarpajuh || Iman Ghasemi |
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: | 10.9790/5933-0801013238 |
Abstract: The first limitation to remove urban problems and service inefficiency in most of developing countries such as Iran is due to lack of financial resources, inefficient management,financial and budgetary control and cost planning.Organizations and different service and manufacturing companies compete with each other after strategic planning and considering advantages, disadvantages, opportunities and threats regarding production or rendering high quality and quantity services with lower costs. Steady development in economics and reduction in costs are of paramount importance in different aspects; and because municipalities are public organizations and have a frequent contact with the people, reducing municipality-related costs are doubly important..........
Keyword: Steady incomes, sustainable development, urban management, cost reduction, income management, cost management
[1]. Asnafi, A (2009), Modern Information Technologies and Cost Reduction, Social Sciences Education Improvement.
[2]. Martin, P (1997), ThirdMillennium Management,Bathos Press, Universityof South Australia.
[3]. Razavi and AmirAhmadi, (2000), Urban Development against Modernism and the Requierments of Plannig (translated by Sayyed Mahmoud NejatiHosseini), Urban Management Quarterly: second version, Tehran, Ministry of interior
[4]. Jamshidzadeh, E (2002), Cost and Finance Analysis of Iran's Municipalities, Iran Management and Planning Research Quarterly: first version, fourth year.
[5]. Iran Newspaper, Urban Management (1/10/2011), Municipalities and Income and Costs Unoptimized Management.
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| Paper Type | : | Research Paper |
| Title | : | Improving Managerial Performance through Participation Role of Budget Preparation: a Theoretical and Empirical Overview |
| Country | : | Indonesia |
| Authors | : | M. Taufiq Noor Rokhman |
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: | 10.9790/5933-0801013943 |
Abstract: Both profit and nonprofit entity could gain the benefit from planning and control that is provided by the budget. In preparing the budget, it is good to differenciate the needs with the availability of budget, therefore, it will be executed properly with participative budgeting system. Many accounting management studies pay attention on the issue of participation budgeting in relation to managerial performance and produce opposition empirical results. The difference in the results of empirical studies occurs because the relationship of budget participation and managerial performance depend on situational factors, or better known as a Contingency Variable.
Keyword: Managerial performance and budget preparation
[1]. Anthony, R. N. Vijay Govindarajan. 1998. Management Control Systems. Edisi 9. McGraw –Hill Companies, Inc. New York.
[2]. Argyris, 1952, The Impact of Budget on People. The controlership Foundation. Dalam Izzetin Kenis, 1979, Effect of Budgetary Goal Characteristic on Managerial Attitudes and Performance. The Accounting Review 4: 707- 720.
[3]. Becker, S. dan D. Green 1978. Budgeting and Employee Behavior, Journal of Business, October, hal. 392-402
[4]. Bahrul Elmi. 2002. Keuangan Pemerintah Daerah Otonomi di Indonesia, UI Press, Jakarta
[5]. Brownell, Peter. 1981. Participation in Budgeting, Locus of Control and Organizational Effectiveness. The Accounting Review, October, 844-860.
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| Paper Type | : | Research Paper |
| Title | : | The Long Run Relationship between Public Debt and Economic Growth in Nigeria: 1984-2013 |
| Country | : | Nigeria |
| Authors | : | Yousuo, Purumaziba John Odokpon || Azebi, Oyeinbrakemi Innocent |
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: | 10.9790/5933-0801014449 |
Abstract: The study investigates the stability relationship between economic growth and public debt in Nigeria from 1984-2013. The study was guided by two objectives; examining the impact of domestic and external debt on economic performance, and the long run relationship between public debt and economic growth in Nigeria. Adopting multiple regression,we analyzed the data and discovered that external debt is not a good determinant of Nigeria's economic performance while domestic debt has a significant impact on the Nigeria's economic growth. It is believed that most of the domestic debt was linked to capital projects by successful administrations........
Keyword: Public debt, economic growth, taxation, fiscal rascality, debt servicing
[1]. Akperan, Adams (2001) External Debt: A burden on African‟s Growth and Poverty Reduction" Selected paper for the annual conference of Nigeria's Economic Society.
[2]. Amakom, U. S.(2003), Nigeria Public Debt and Economic Growth: An Empirical Assessment of Effects on Poverty, African Institute for Applied Economics Enugu, Nigeria,
[3]. Ayandiji, Daniel (2010)"Globalization and the Challenges on National Development: the case of Post Debt Relief in Nigeria". African Journal of Political Science.
[4]. Ayadi, F.S. (2008). "The Impact of External Debt on Economic Growth: A Comparative study of Nigeria and South Africa". Journal of Sustainable Development in Africa, Vol. 10, No. 3, pp 234-244.
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| Paper Type | : | Research Paper |
| Title | : | Effect of Working Capital Liquidity on the Financial Performance of Hire Purchase Companies in Kenya |
| Country | : | Kenya |
| Authors | : | Morris Irungu Kariuki |
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: | 10.9790/5933-0801015059 |
Abstract: The theory of working capital management contends that if working capital is managed according to prescriptive theory then it would be expected that businesses would invest in working capital, finance working capital, monitor factors that influence working capital, manage cash, accounts receivable, inventory, accounts payable, the cash conversion cycle and measure the performance by ratio analysis to ensure that long term assets are utilized effectively and efficiently. This study examined the liquidity and the cash conversion cycle of 6 hire purchase companies in Kenya........
Keyword: Days of receivable, days of payable, days of sales, cash conversion cycle, current ratio, quick ratio.
[1]. Afza, T, & Nazir, M. (2009). Impact of aggressive working capital management policy on firm's profitability, The IUP Journal of Applied Finance, 15(8), 20-30
[2]. Pandey, S. & Jaiswal, V.K. (2011).Effectiveness on profitability: working capital management, SCMS Journal of Indian Management, issue Jan-March
[3]. Van Horne J.C. & Wachowicz, J. M. (2008). Fundamentals of financial management (13th ed.). Prentice Hall, New York.
[4]. Ramachandran, A. & Janakiraman, M. (2009). The relationship between working capital management efficiency and EBIT, Managing Global Transitions,. 7(1), 61-74
[5]. Dong, H. P.(2010). The relationship between working capital management and Profitability: A Vietnam Case, International Research Journal of Finance and Economics, ISSN 1450-2887, issue 49.Retrieved from http://www.eurojournals.com/finance.htm on 21st June 2011
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| Paper Type | : | Research Paper |
| Title | : | Impact of Ifrs Adoption on Accountability of Nigerian Organisations |
| Country | : | Nigeria |
| Authors | : | Dr. Patrick .I. Zaiyol || EgwuAchor Andrew || Benjamin MemgaUdende |
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: | 10.9790/5933-0801016072 |
Abstract: The adoption of IFRS around the world is gaining popularity with Nigeria not being an exception. It brings about improvement in accountability and quality of accounting information through a uniform set of standards for financial reporting. However, accountability is a function of the firm's overall institutional setting. This paper examines whether the adoption of International Financial Reporting Standards (IFRS) improves accountability and quality of accounting information of companies in Nigeria.........
Keyword:International Financial Reporting Standards (IFRS), Accountability, IFRS adoption, information quality, statement of accounting standard (SAS)
[1]. Abata. A.M. (2015) the impact of international financial reporting standards (IFRS) adoption on financial
reporting practice in the Nigerian banking sector, journal of policy and development studies vol. 9, no.
2,169-184 Retrieve from http://www.arabianjbmr.com/pdfs/JPDS_VOL_9_2/15.pdf on 18 Dec 2016
[2]. Atu,O.O., Atu, O.G. &Atu, O.V. (2014). A Comparative Study of Accounting Standards in Nigeria, United
Kingdom and United States of America. Journal of Economics and Finance,Vol3(2),1-7
[3]. Ball, R. (2001). Infrastructure requirements for an economically efficient system of public financial
reporting and disclosure. Brookings-Wharton Papers on Financial Services, 127-169
[4]. Barth, M., Landsman, W., & Lang, M. (2006). International accounting standards and accounting quality.
Working Paper, Stanford University and University of North Carolina at Chapel Hill.Retrieve
fromhttp://public.kenan-flagler.unc.edu/faculty/langm/bllw_0302.pdf on 18 Dec 2016
[5]. Brown , DL and Moore MH (2001), "Accountability, Strategy, and International Non-Governmental
Organisations', in Non-profit and Voluntary Sector Quarterly, March, Hauser Centre Working Paper
Series,Retrieve fromhttp://www.institutgouvernance.
org/docs/accountability.strategy.and.international.ngos.pdf on 18 Dec 2016
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| Paper Type | : | Research Paper |
| Title | : | An Analysis of India-Bahrain Trade Relations |
| Country | : | India |
| Authors | : | Alok Kumar Yadav || Dr. Umesh Chandra Yadav |
|
: | 10.9790/5933-0801017382 |
Abstract: One of the distinctive features of the modern world is the rapid expansion of economic, scientific, technological and cultural ties among nations. Trade is an important and integral part of relations between different nations. India's trade relations with the Bahrain has transformed considerably over the years and the bilateral trade volume has surpassed US$ 920.4 million mark in 2014, but the structure and pattern of trade is yet to be diversified. There are huge potentials for diversifying India's export structure based on certain new growth sectors in which India has global comparative advantage with respect to the Bahrain's imports structure.
Keyword: Comparative Advantage, Export, Import, Trade, Trade Balance
[1]. Balassa, Bela. "Trade Liberalisation and 'revealed' comparative advantage." The Manchester School, 1965: 33:99-123.
[2]. Balassa, Bela. "Revealed' Comparative Advantage Revisited: An Analysis of Relative Export Shares of the Industrial Countries, 1953-1971." The Manchester School of Economic & Social Studies, 45(4), 1977: 327-344.
[3]. Elmadani, Abdulla. Historical Links between India and the Gulf: from Ancient Times up to India's. United Kingdom: University of Exeter, 1999.
[4]. Richardson, David J, and Chi Zhang. Revealing Comparative Advantage: Chaotic or Coherent Patterns Across Time and Sector and U.S Trading Partner? National Bureau of Economic Research, Working Paper 7212, 1999.
[5]. Chandra, Satish. Medieval India: from Sultanate to the Mughals; 1526-1748. New Delhi: Har-Anand Publications, 1999.