Version-3 (Jan-Feb 2017)
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| Paper Type | : | Research Paper |
| Title | : | Do Stock Exchanges Make Differences on Macroeconomic Performance and Economic Growth in Sub-Saharan African (SSA) Countries? |
| Country | : | India |
| Authors | : | Kassahun Wolde Assfaw || Professor G.S.Batra |
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: | 10.9790/5933-0801030111  |
Abstract: The study examines whether there is significant difference on macroeconomic performance between SSA countries which have stock exchanges and countries which do not have after these countries are ranked on the basis of their macroeconomic performance composite index, computed using a multi-criteria decision making (TOPSIS) method and Shannon entropy to calculate the objective weight for each criterion. The study finds that there is meaningful difference on macroeconomic performance between the two groups of countries. However, the independent sample T-test tells that there is no significant difference on GDP growth between SSA countries.............
Keywords: Composite index, Ideal solution, Multi-criteria, Normalization, Objective weight, TOPSIS,
[1]. Wamburu, K. K. & Wainaina,G., 2014. "Determinants Of Stock Marketdevelopment In Kenya: An Error Correction Modelapproach". European Journal Of Business Management, 1(11), Pp. 1-14.
[2]. Bekaert And Harvey. (1997, May)." Capital Markets: An Engine For Economic Growth".
[3]. Carporale And Et Al. (2004). "Stock Market Development And Economic Growth: The Causal Linkage". Journal Of Economic Development, 29(1).
[4]. Atje R., And Jovanovic B. (1989). "Stock Markets And Development." European Economic Review, 37, 632-640.
[5]. K. Filer And Et Al. (1999, September ). "Do Stock Markets Promote Growth?", Working Paper Number 267, 1-25.
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| Paper Type | : | Research Paper |
| Title | : | Brand Equity on Purchase Intention Consumers' Willingness to Pay Premium Price Juice |
| Country | : | Indonesia |
| Authors | : | Ariesta Bougenvile || Endang Ruswanti |
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: | 10.9790/5933-0801031218 |
Abstract: Building the brand equity becomes an important source of differentiation. The company needed to improve competition, because the brand equity is very important to strengthen the company's reputation.However, there are only few studies on beverage value from the consumers' standpoint. And most of the researches had focused in the variables of marketing mix influencing consumers, such as price, communication, distribution or advertising. Congruence with this issue, the research have two objectives, the first objective is understanding consumer mind through brand equity in purchasing a product and willingness to pay premium price................
Keywords: Brand Equity, Purchase Intention, Willingness Premium Price
[1]. Aaker, D.A. (2007). Manajemen Ekuitas Merek: Memanfaatkan Nilai dari suatu Merek. Cetakan Ketiga. Jakarta: Penerbit Mitra Utama.
[2]. Anoraga, Pandji. (2000). Manajemen Bisnis. Jakarta: PT. Rineka Cipta
[3]. Anselmsson, K.J., Bondesson, N.V., & Johansson, U. (2014). Brand image and customers willingness to pay a price premium for food brands. Journal of Product & Brand Management 23/2 (2014) 90–102 Emerald Group Publishing Limited.
[4]. Arvidsson, A. (2006). Brands Meaning and Value in Media Culture. London & New York: Routledge Taylor & Francis Group.
[5]. Asif, M., Abbas, K., Kashif, M., Hussain, S., & Hussain, I. (2015). Impact of Brand Awareness and Loyalty on Brand Equity. Journal of Marketing and Consumer International Peer reviewed Journal Vol.12.
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| Paper Type | : | Research Paper |
| Title | : | Market Orientation, Product Innovation on Marketing Performance Rattan Industry in Cirebon Indonesia |
| Country | : | Indonesia |
| Authors | : | Suparman || Endang Ruswanti |
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: | 10.9790/5933-0801031925 |
Abstract: Companies build strategy through market orientation and product innovation through the development or creation of new products, to provide optimum service, so that companies are able to create competitive advantage and improve marketing performance better.The research problem there are gaps between market orientation and product innovation to organizational performance. The purpose of this study was to determine the effect of market orientation, product innovation and competitive advantage to marketing performance. Respondents study of 170managers rattan industry in Cirebon.............
Keywords: Market orientation, product innovation, competitive advantage, marketing performance.
[1]. Akimova, Irina. (1999). Development of Marke of Orientation and Competitiveness of Ukrainian Firm. European Journal of Marketing.
[2]. Bharadwaj, Sundar G., P.R. Varadarajan., & Jihn Fahy. (1993). Sustainable Competitive Advantage in Service Industries: A Conceptual Model and Researh Proposisition. Journal of Marketing, 83-99.
[3]. Bhuian, S.N. (1998). An Empirical Examination of Market Orientation In Saudi Arabian Manufacturing Companies. Journal of Business Research.
[4]. Craven, David W. (1996). Pemasaran Strategis (Terjemahan). Jilid 1, Jakarta: Erlangga.
[5]. Damanpour, F. & Evan, W.M. (1984). Organizational innovation and performance: the problem of organizational lag. Administrative Science Quarterly.
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| Paper Type | : | Research Paper |
| Title | : | A Comparative study of satisfaction of consumers while using services of India Post and Private Courier Firms |
| Country | : | Indonesia |
| Authors | : | M.Devika || Dr.V.Renuga |
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: | 10.9790/5933-0801032628 |
Abstract: In an era of globalization, the role of the post office and as well as the services it provides has changed significantly. Today, postal services consist of pick-up, transport and delivery services of letters and printed matter (newspapers, journals, periodicals, brochures, leaflets, etc.); parcels for domestic or foreign destinations; post office counter services rendered at counters (sales of stamps, etc); and other postal services such as mailbox rental. The universal postal system is not only used to send and receive letters and parcels, but is now being used to send bank documents, pay utility bills, and deliver goods ordered through the Internet in addition to financial services.
..............
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| Paper Type | : | Research Paper |
| Title | : | A Study of Role in Financing of Agricultural and Industrial Sect ors by State Bank of India with Special Reference to Bihar (In Recent Years) |
| Country | : | India |
| Authors | : | Dr. Kumudani Mangal |
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: | 10.9790/5933-0801032931 |
Abstract: The role of state bank in agricultural and Industrial finance was very negligible till very recently Stat e Banks branch network had a strong urban basis and did not have an adequate coverage of rural areas. Keepin g this fact in view Government took a bold step of nationalizing the 14 Banks in 1969 in order to reduce the regi onal imbalances. The advances of State Bank of India towards a agricultural and Industrial Development are al so Increased enormously. Instead it has started new type of branches at important Centers known as State Bank of India Agricultural Development Banks............
[1] Dr. Prasoon kumar Roy (HOD in Economics) Bihar university, Bihar.
[2] Prof. Jaimangal Pd Shama (Department of Economics) Magadh University.
[3] Annual Report 2010-2011 (Ministry Of Finance, Government of India).
[4] State Level Banker's Committee of Bihar-2010-2011 (A Report).
[5] The Economic times.
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| Paper Type | : | Research Paper |
| Title | : | Contractual Liabilities in Internet Banking Contracts |
| Country | : | IRAN |
| Authors | : | Nariman Fakheri || Zahir Jafarniya || Seyed Gani Nazari |
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: | 10.9790/5933-0801033239 |
Abstract: TThe modern world deals with great changes on communication of information and development of new technologies of communication and information, making it inevitable to apply new management, economic, political, and legal methods and strategies. The new information and communication that is the basis of management in the modern world requires proper mechanisms and infrastructures in order to make the development of business and good environment for entrepreneur possible. One of the most important infrastructures is internet banking. Arising any issue, whether political, social, economic, or cultural, has consequences associated with different internal or international outcomes, regardless of their positive or negative results. Since financial issues............
Keywords: Electronic banking, Internet banking, Competent court in internet banking
[1]. Abbasinejad H. Mehrnosh M. (2010). Electronic banking. Samt Publications. Tehran.
[2]. Abdollahi M. Shahbaziniya M. (2010). Reliable information systems in e-commerce law. Journal of Legal Research. 16.
[3]. Allahyarifard M. (2004). E-banking services and the administrative needs of its comparative operating expenses, various banking services. Monetary and Banking Research Institute. Tehran.
[4]. Avovoanu, Electronic banking and the Law،London, 1999, PP. 212-219.
[5]. Delta،George،Willamette Journal of Internatinal Law and Dispute Respute Resolution Vol.7،2000
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| Paper Type | : | Research Paper |
| Title | : | Legal Aspects of Internet Banking in Contexts of Internal and International Laws |
| Country | : | IRAN |
| Authors | : | Nariman Fakheri || Zahir Jafarniya || Seyed Gani Nazari |
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: | 10.9790/5933-0801034045 |
Abstract: The modern world deals with great changes on communication of information and development of new technologies of communication and information, making it inevitable to apply new management, economic, political, and legal methods and strategies. The new information and communication that is the basis of management in the modern world requires proper mechanisms and infrastructures in order to make the development of business and good environment for entrepreneur possible. One of the most important infrastructures is internet banking. Arising any issue, whether political, social, economic, or cultural, has consequences associated with different............
Keywords: Electronic banking, Internet banking, Competent court in internet banking
[1]. Abbasinejad H. Mehrnosh M. (2010). Electronic banking. Samt Publications. Tehran.
[2]. Abdollahi M. Shahbaziniya M. (2010). Reliable information systems in e-commerce law. Journal of Legal Research. 16.
[3]. Allahyarifard M. (2004). E-banking services and the administrative needs of its comparative operating expenses, various banking services. Monetary and Banking Research Institute. Tehran.
[4]. Avovoanu, Electronic banking and the Law،London, 1999, PP. 212-219.
[5]. Delta،George،Willamette Journal of Internatinal Law and Dispute Respute Resolution Vol.7،2000
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| Paper Type | : | Research Paper |
| Title | : | Imperatives of Domestic Debt Payments And Economic Growth: the Nigerian Evidence |
| Country | : | Nigeria |
| Authors | : | Ugwu Okereke J. |
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: | 10.9790/5933-0801034651 |
Abstract: The broad objective of this research work is to investigate the Effect of Domestic Debt Payments on Economic Growth in Nigeria (2000-2016). The quantitative design using ordinary least- square (OLS) method of multiple regression analysis was employed. However, secondary data for this study was obtained from CBN annual report, federal office of statistics and Debt Management Office. The finding indicates that domestic debt outstanding has significant relationship between Gross Domestic Product in Nigeria. Likewise, there is significant relationship between interest rate and debt servicing on Gross Domestic Product in Nigeria. The coefficient of determination indicates that about 85 percent of the debt variables............
Keywords: Domestic debt, economic Growth, Nigeria, debt outstanding
[1]. Adofu, J. & Abula .M. (2010). Domestic debt and the Nigerian economy.Current Research Journal of Economic Theory 2(1): 22-26.
[2]. Alison J. (2003). Key issues for analyzing domestic debt sustainability. Debt Relief International Publication ISBN 1-90 3971-07-1.
[3]. Amino H. & Musa S. (2013). External debt empirical and domestic debt impact on the growth of the Nigeria economy, Eyesy Publishers PP 309-312.
[4]. Ajayi E.A. (2010). Nigerian Debtt Management Experience Journalist-Central Bank of Nigeria 13(2)406-432.
[5]. Ajayi E. A and Khan B. (2002). The Feasibility of democracy in Africa Dakar CODESRIA books.273-275.
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| Paper Type | : | Research Paper |
| Title | : | Current Exchange Rate Challenges And Nigeria's Balance of Payment |
| Country | : | Nigeria |
| Authors | : | Ugwu Okereke J. |
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: | 10.9790/5933-0801035258 |
Abstract: This study examines the impact of Exchange rate fluctuations on balance of payment in Nigeria for the sample period 1986 to 2015. The estimation procedure adopted for the study was multiple regression method based on Ordinary Least Squares technique. However, in order to avoid the incidence of spurious estimates, evidence from the ADF test conducted revealed that the variables are integrated of order two, 1(1). The Johansen test conducted showed evidence of long run equilibrium relationship between Exchange rate fluctuations and balance of payment. The findings from the study showed that there is a statistical significance between Exchange rate fluctuations on balance of payment in Nigeria as shown by the joint variation of the t and f test and their respective P-values.............
Keywords: Domestic debt, economic Growth, Nigeria, debt outstanding
[1]. Agenor, P. R. (1995). Output, Devaluation and the Real Exchange Rate in Developing Countries. Weltwints Chaftlich Archiv, 127 (1), 18-41.
[2]. Aliyu, S. U. R. (2009). Exchange Rate Pass-through in Nigeria. Evidence from a vector Error Correlation model. Paper presented at the CSAE Conference, Oxford University, UK, 5(7) 22-35.
[3]. Central Bank of Nigeria (2014). Annual Report and statement of Account (2009, 2010, 2014 and 2015).
[4]. Central Bank of Nigeria National Bureau of Statistics, Annual Statistical Report (2014).
[5]. Central Bank of Nigeria Statistical Bulletin (2015).
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| Paper Type | : | Research Paper |
| Title | : | Effectiveness of National Bank of Ethiopia in Choosing Appropriate Intermediate Target |
| Country | : | India |
| Authors | : | Dawit Hayeso Borsamo || Dr. Parmod Kumar Aggarwal |
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: | 10.9790/5933-0801035971 |
Abstract: The study assesses the effectiveness of National Bank of Ethiopia in choosing appropriate intermediate targeting framework by examining the stability of long run money demand function from 1981 to 2014. To examine the stability of money demand the study used real gross domestic product (RGDP) as scale variable, saving deposit rate (Rt) as opportunity cost variable, average exchange rate (Ex) as indicator of openness of economy, and real money demand measured by (M2/Pt).The study used ADF unit root test, the Johansen and Juselius (1990) Co-integration, error correction model (ECM), and CUSUM and CUSUMSQ stability tests.............
Keywords: Money demand, Stability, intermediate target
[1]. Poole, W., Optimal choice of monetary policy instruments in a simple stochastic macro model, Quarterly Journal of Economics , 84(May), 1970, 197-216.
[2]. Mishkin, F. S., The economics of money, banking, and financial markets(7th ed.), in: Clinton, D. (Ed.), (New York, United States of America: Pearson Addison Wesly,2004.
[3]. Friedman, B., Targets, instruments and indicators of monetary policy, Journal of Monetary Economics , 1(4), 1975, 443-473.
[4]. Volcker, P., The Role of Monetary Targets in an Age of Inflation, Journai of monetary Economics , 4 (2), 1978, 329-339. [5]. Mohanty, D., Evidence of interest rate channel of monetary policy transmission in india(RBI No. 6), Mumbai, Reserve Bank of India, May 2012.
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| Paper Type | : | Research Paper |
| Title | : | Ethical Dispute Control in Islamic Banking Relationship |
| Country | : | Malaysia |
| Authors | : | Idris Yahaya Adamu || Ahmad Khilmy bin Abdul Rahim || Abu Bakar Hamed |
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: | 10.9790/5933-0801037277 |
Abstract: This paper examines application of ethical practice in conflict management process in Islamic banking relationship. The paper used interpretive qualitative research, based on current practice of Jaiz Islamic bank in Nigeria. Data were gathered from Jaiz Islamic bank staff, through semi-structured interview. The findings show that, Jaiz Islamic bank managers uses Sulh (conciliation and compromise) more than Mushawarah (consensus building) approach, once disagreements occur.............
Keywords: Dispute control, conciliation, mediation, arbitration, litigation, Islamic banking.
[1]. Abdul Hak, N., & Khan, H. A. (2013, August). The Application of Sulh in Resolving Community Disputes. 1st World Congress on Integration and Islamisation of Acquired Human Knowledge (FWCII-2013), Kuala Lumpur.
[2]. Al-Duri, Q. R. (2002). 'Aqd al-taḥkīm fī al-fiqh al-Islami wa-al-Qānūn al-waḍ'ī. Oman: Dār al-Furqān.
[3]. AL-Ghazali, At-Tibr Al-Masbuq Fi Al-Nasihah Al-Muluk vol 1, maktabah al-syamilah Al-Jabali, N. A. (2006). Al-Taḥkīm fī al-qawānīn al-Arabiyyah: Dirāsah muqāranah fī al-fiqh al-Islāmī wa-al-anẓimah al-waḍ'iyyah. Alexandria: Al-Maktab al-Jāmi'al-Ḥadīth.
[4]. Al-Khassaf, A. U. (1978). Ādāb al-Qāḍī. (F. Ziyadeh, Ed.) Cairo: American University in Cairo. [5]. Bello, K. B., Suleiman, J. B. A., & Danjuma, I. (2012). Perspectives on Consumerism and Consumer Protection Act in Nigeria. Perspectives, 4(10).
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| Paper Type | : | Research Paper |
| Title | : | Utilizing Innovative Instructional Strategies in the Development of Entrepreneurial Skills in Business Education Students in Ogun State, Nigeria |
| Country | : | Nigeria |
| Authors | : | Temitayo Abosede Akinyele Ph.D || Sunday Olanrewaju Oke Ph.D || Fehintola Fatimoh Bintu Bolarinwa |
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: | 10.9790/5933-0801037883 |
Abstract: This study focused on Utilizing Innovative Instructional Strategies in the Development of Entrepreneurial Skills in Business Education Students in Ogun State, Nigeria. The study was carried out due to the realization of the writers that most graduates of Business Education in Ogun State Higher Institutions despite their knowledge and skills in Entrepreneurship Education do not get self-employed. They will go about looking for employment, getting underemployed and even being frustrated because of lack of employment. Descriptive survey research was adopted for the study.It was guided by two research questions and two hypotheses..............
Keywords: Innovative, Strategies, Instructional, Entrepreneurial Skills, Business Education.
[1]. Adeboye, J. O. (2006). Business Education and Career Opportunities. Business Education Journal 1 6, Pages 64-72.
[2]. Akinyele, T. A. (2011). Achieving Vision 20-2020 through Business Education. A book chapter in contemporary issues in the Educational System. A book in Honour of Dr. Baderinwa Adeyemo JP. Ibadan: JOVAD Educational Publishers, 202-206.
[3]. Akinyele, T. A. (2015). Effects of Reciprocal Peer-Tutoring and Problem-Based Learning on Colleges of Education Students' Achievement in Entrepreneurship Education in Ogun State, Nigeria. Ph.D Thesis submitted to Faculty of Education, Olabisi Onabanjo University.
[4]. Amit, A. A. (2009). Entrepreneurship Theory and Practice. Maiduguri: Compaq Publishers Ltd.
[5]. Ezener, R. A. (2011). Evaluation of NBTE New Office Technology and Management Curriculum for Nigerian Polytechnic. An Analysis of Entrepreneurship Development, Nigeria. Published in Business Education Journal (ABEN).
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| Paper Type | : | Research Paper |
| Title | : | Effect of Liquidity Management Practices on Profitability of Manufacturing Industry in Kenya |
| Country | : | Kenya |
| Authors | : | James Ndirangu Kung'u |
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: | 10.9790/5933-0801038489 |
Abstract: Industrial firms require liquid cash for smooth operations. Failure to convert current assets into liquid cash can force a profitable firm into liquidation. The purpose of this study was to determine the effect of liquidity management practices on profitability of industrial firms in Kenya. The study was explained by two cash management models; Baumol's cash management model and Miller – Orr cash management model. Correlational research design was adopted..............
Keywords: Baumol's Model, Industrial Firms, Liquidity, Miller-Orr Model, Profitability
[1]. Afza, T., & Nazir, M. S. (2011). Working Capital Management Efficiency of Cement Sector of Pakistan. Journal ofEconomics and Behavioral Studies 2 (5), 223-235.
[2]. Amalendu, B. I. & Sri, B. B. (2011). Importance of Liquidity Management and Profitability. Asian Journal of Business Management, 3 (2), 108-117
[3]. Atrill, P. (2006). Financial Management for Decision Makers. New York: Prentice Hall.
[4]. Award, I. M. & Al-Ewesat, A. R. (2012). Toward Efficient Management of Working Capital: The Case of Palestinian Exchange. Journal of Applied Finance and Banking, 2 (1), 225 - 246
[5]. Bagchi, B. & Khamrui, B. (2012). Relationship between Working Capital Management and Profitability: A Study of Selected FMCG Companies in India. Business and Economics Journal, 60, 1-11.
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| Paper Type | : | Research Paper |
| Title | : | An Investigation of Factors Affecting Employee Performance among Millennials in the Public Service in Zimbabwe: A Case of Hospitals in Zvimba District |
| Country | : | Kenya |
| Authors | : | Zhakata, L || Bhebhe, T.B || Karedza, G |
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: | 10.9790/5933-08010390108 |
Abstract: This study used mixed research methods to collect data. The survey involved selecting a representative sample of 116 respondents drawn from a population of 701Millennials (Generation Y employees) working in hospitals in Zvimba District. Questionnaires were administered on 100 Millennials to provide information on factors that affect their performance. Face-to-face interviews were conducted with hospital senior management to complement information provided by the youthful employees and to clarify arising issues.The study established that Generation Y employees prefer to be deployed to hospitals close to their families and friends.............
Keywords: Millennials, Generation Y, Generation X, health worker, employee performance.
[1]. Brown, M. E. and Trevino, L. K. (2006). Ethical Leadership: A Review and Future Directions. The Leadership Quarterly, (17), 596-616.
[2]. Bryman, A. (2006), "Integrating quantitative and qualitative research: how is it done?", Qualitative Research, Vol. 6 No. 1, pp. 97-113.
[3]. Dench, S.,Iphofen.R. and Huws.U.,2004.An EU Code of Ethics for SocialResearch.Brighton(UK).Institute of Employment Studies Report 412. onlinewww.respectproject.org
[4]. Denham, T.J. (2002) A Course Paper Presented To Programmes For Higher Education in Partial Fulfilment of the requirements for the degree of Doctor of Education. Nova South Eastern University.
[5]. Dench, S., Iphofen, R. and Huws, U. (2004) IES Report 412. AnEU Code of Ethics for Socio-economic research. Brighton, UK: The Institute of Employment Studies
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| Paper Type | : | Research Paper |
| Title | : | Factors Affecting Financial Flexibility of Firms Listed in Tehran Stock Exchange |
| Country | : | Iran |
| Authors | : | Amir Mohammad Hooshyar || Mir FarhadSadigh Mohammadi || Adel Shah Valizadeh |
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: | 10.9790/5933-080103109114 |
Abstract: Financial flexibility is a degree of firm's capacity that can mobilize financial resources towards reactive activities to maximize the value of firm. The aim of this study is to investigate factors affecting financial flexibility based on panel data in firms listed in Tehran Stock Exchange. For this reason firms listed on Tehran Stock Exchange during the years 2009 to 2014 with systematic deletion method and by considering inherent limitations in this field have been screened, andthe number of remaining firms to test research hypotheses were 106 firms in terms of 630 observation...............
Keywords: Financial flexibility, financial leverage, firm size, profitability
[1]. Aslani, A. &Zanjirdar, M. (2014).Investigation of relationship between financial flexibility and investment opportunities, the first National Conference on Accounting, Auditing and Management, Isfahan, Jami Institute.
[2]. Bagherbeygi, M., Mohammad Reza Pour, A, Lakalayeh, & Armin, A. (2012). Examining the relationship between financial flexibility with opportunities for growth and future value of listed companies in Tehran Stock Exchange. The first National Conference of investigating the Strategies to improve issues of management, accounting and industrial engineering in organizations. Gachsaran, Islamic Azad University of Gachsaran.
[3]. Bashiri, F. &Jalali, A. (2013). Investigating the effect of maintained liquid assets and financial flexibility on abnormal stock returns at Companies listed on Tehran Stock Exchange, third year, Issue 10, 35-52.
[4]. Byoun,S, How and when do firms adjust their capital structures toward targets? Journal of Finance. December 2008, Volume 63, Issue 6, 3069-3096.
[5]. Byoun, Soku, Financial Flexibility and Capital Structure Decision (March 19, 2011). Available at SSRN: http://ssrn.com/abstract=1108850 or http://dx.doi.org/10.2139/ssrn.1108850