Version-2 (March-April 2017)
Version 1 Version 2 Version 3 Version 4
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| Paper Type | : | Research Paper |
| Title | : | Inflation and Recession Cycle: Impacts over Global Economies and Markets |
| Country | : | India |
| Authors | : | Dr. Esha Jain || Mr. Ashank Yadav |
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: | 10.9790/5933-0802020105  |
Abstract: Cash - in savings accounts, short-term CDs or money market deposits - is great for an emergency fund. But to fulfill a long-term investment goal like funding your retirement, consider buying stocks. The more distant your financial target, the longer inflation will gnaw at the purchasing power of your money. - Suze Orman The purpose of this study is to understand rise in inflation and emergence of recession after inflation. The major causes for the occurrences of the two economic situations. Further is to relate the global economies with the concepts of inflation and recession and to study how and what changes and shifts inflation to recession. The major impacts they have over the economies and the markets. The study is to understand the two big parts of the economic cycle or boom–bust cycle globally.
Keywords: Boom Burst cycle, Economic cycle,Inflation, Recession
[1]. http://economictimes.indiatimes.com/definition/inflation
[2]. http://education-portal.com/academy/lesson/what-is-economic-recession-definition-causes-effects.html
[3]. http://fortune.com/2014/10/28/global-recession-us-europe-china/
[4]. http://www.afr.com/p/world/russia_sees_recession_as_sanctions_5zAA8lxRiv8mY1YmJSOEIJ
[5]. http://www.bbc.com/news/business-30373560
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| Paper Type | : | Research Paper |
| Title | : | A Study on the Impact of Gst in Indian Economy |
| Country | : | India |
| Authors | : | Dr. P Vijayaraghavan || Mr. Muhammed Unais |
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: | 10.9790/5933-0802020608 |
Abstract: Even in the worldwide economic crisis India showed remarkable survival in its economic system. The well insulated economic structure in India is the basis of such an amazing withstand. The proposed Goods and Services Tax (GST) is expected to be another milestone in the economic growth in India. The fundamental aim of GST is to make uniform the scattered indirect tax system in India and avoid the cascading effect in taxation. The impact going to make by GST will be a transformation in the entire tax system in India. The effect will go beyond Indian borders............
Keywords: GST, Indirect Tax, Indian Economy, Tax Administration, Cascading effect.
[1]. Ambar Ghosh & Chandra Ghosh; "Public Finance", PHI learning Pvt Ltd – 2014
[2]. R K Lekhi; "Public Finance", Kalyani Publishers – 2007
[3]. Kapil Singhania & Vinod K Singhania; " Indirect Tax Laws", Taxmann's Publishers
[4]. H C Mehrotra & S P Goyal ; " Income tax law and practice", Sahitya Bhawan Publications – 2016.
[5]. Kapil Singhania & Vinod K Singhania; "Direct Taxes: Law & Practices", Taxmann's Publishers
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| Paper Type | : | Research Paper |
| Title | : | Public Expenditures in Syria and its economic effects During the period (2000-2011) (Comparative analysis study) |
| Country | : | Iraq |
| Authors | : | Dr. Ghassan Farouk Ghandour |
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: | 10.9790/5933-0802020916 |
Abstract: The public Expenditures in Syria affect on macroeconomic variables, the most important GDP growth rates, either directly or indirectly, as public expenditure on private consumption affected by the multiplier, in addition to its impact on the investment directly and indirectly.
Keywords: Public Expenditures - GDP - consumption - investment
[1]. Ahmed Hashish, Adel (1982), "the economics of public finance," university culture, Egypt.
[2]. Poddar, A. K. and Hunking, N. J .; OP. Cite
[3]. Nejmeh, Elias (2003), "Financial policy in Syria," Economic Journal, No. / 116 / October 2003.
[4]. Ackley G .: "Macroeconomics: Theory and Policy," Macmillan publishing Co., Inc., New York, 1978.
[5]. Pindyck, Robert S. & Rubinfeld, Daniel L. (1998), "Economic Models and Economic Forecasts," McGraw-Hill International Editions, Economic Series. Forth Ed.
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| Paper Type | : | Research Paper |
| Title | : | Effect of Credit Zip Code Application onReducing Bank Credit Risks: Case Study on a Sample of Saudi Banks |
| Country | : | Saudi Arabia |
| Authors | : | YousifMonaha |
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: | 10.9790/5933-0802021724 |
Abstract: The current study is an attempt to identify the effect of Credit Zip Code application on reducing bank credit risks in Saudi Arabia and to getfunding operations and interestsmore secured. The study adopted the descriptive and analytical method. A questionnaire was utilized as a tool for data collection after verifying its validity and reliability; it was distributed to the staff of some Saudi banks, finance and sales departments, who were randomly selected.Number of 70 questionnaires were distributed, 66 were restored with 6 waste questionnaires and 60 questionnaires were able to be statistically analyzed which represents (85.7%) of the total questionnaires..........
Keywords: Credit Zip Code, bank credit risks, Saudi banks
[1]. Saleh, R (2000): Comprehensive Banks and Egyptian Banking Board Development (national & international comprehensive banking ", without a publisher, Alexandria.
[2]. Ghaim, A (2002), Credit and Funding Donation Decisions through Overall Strategy", Egypt.
[3]. Arshid, A &Gouda, M (2003)," Credit Management", Dar Wael for publishing, Amman, first edition.
[4]. Farida, B (2003) "Policies and techniques of Banking Operation", university publishing office second edition, Algeria
[5]. Hammad, T(2003) "International Changes and its Reflections on Banks Works", el dar el gamieya, Egypt.
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| Paper Type | : | Research Paper |
| Title | : | The Effect Of Aggregate Expenditure On Gross Regional Domestic Product And Its Impact On Human Development Index, Labor Absorption And Poverty In Tangerang Regency |
| Country | : | India |
| Authors | : | Karnawi Kamar |
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: | 10.9790/5933-0802022537 |
Abstract: This research examines the effect of aggregate expenditure that consists of household consumption, government consumption, investment and net exports on Gross Regional Domestic Product and its impact on Human Development Index, labor Absorption and Poverty in Tangerang Regency. The research method used is explanatory research with techniques of Simple Linear Regression analysis and multiple linear regression analysis. The results showed that: household consumption, government consumption, investment and net exports both simultaneously and partially.........
Keywords: Gross Regional Domestic Product, Human Development Index, Labor Absorption and Poverty
[1]. Abbas, Q., et. al., 2011. Impact of Foreign Direct Investment on Gross Domestic Product. Global Journal of Management and Business Research. Vol. 11, Issue 8 Version 1.0.
[2]. Abdul Hakim., 2002. Ekonomi Pembangunan. Yogyakarta : Penerbit Ekonisia.
[3]. Ahmad, H., et. al., 2012. Impact of Foreign Direct Investment on Gross Domestic Product. International Journal of Business and Management Tomorrow. Vol. 2, No. 3.
[4]. Al Khatib, H.B.,2011. Altaleb, G.S. and Alokor, S.M. Economical Determinants of Domestic Investment. European Scientific Journal. Vol. 8, No. 7..
[5]. Amir, M.S., 2004. Strategi Memasuki Pasar Ekspor. Jakarta : PPM
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| Paper Type | : | Research Paper |
| Title | : | Relationship between Credit Risk Management and the Performance of Money Deposit Banks in Nigeria |
| Country | : | Nigeria |
| Authors | : | ADEBAYO, Aderemi Olalere || OLUWAREMI, Feyitimi |
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: | 10.9790/5933-0802023848 |
Abstract: The overall objective of the study was to investigate the relationship between credit risk management and the performance of money deposit banks in Nigeria which necessitated a formulation of some hypotheses such as there is no significant relationship between Loan Loss Provision and Financial Performance of Money Deposit Banks in Nigeria among others. The population of the study is the entire twenty one (21) Money Deposit Banks in all the six geo-political zones in Nigeria out of which the following banks were selected using Simple Random Sampling technique to serve as target population for the study: First Bank Nigeria Plc, Eco Bank Plc, GTBank Plc.........
Keywords: Credit Risk Management, Financial Performance, Non-Performing Loans, Loan to Deposit Ratio
[1]. Ahmed, A.S., Takeda, C. & Shawn, T. (1998). Bank Loan Loss Provision: A Reexamination of Capital Management and Signaling Effects, Working Paper, Department of Accounting Syracuse University, 1-37
[2]. Aktan, B. & Bulut, C. (2008). Financial performance impacts of corporate entrepreneurship in emerging markets: A case study of Turkey. European Journal of Economics, Finance and Administrative Science, 12: 69-79.
[3]. Al-Khouri, R. (2011). Assessing the Risk and Performance of the GCC Banking Sector, International Journal of Finance and Economics, ISSN 1450-2887, Issue65, 72-8.
[4]. Ara, H., Bakaeva, M. & Sun, J. (2009). Credit Risk Management and Profitability in Commercial Banks in Sweden. Master thesis. University of Gothenburg.
[5]. Athanasoglou, P., S.N. Brissimis and M.D. Delis, 2005.Bank-specific, industry specific and macroeconomic determinants of bank profitability. MPRA Paper No. 153
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| Paper Type | : | Research Paper |
| Title | : | Employee Shareholding and the Opportunity Cost of Lending Funds: An Empirical Study in the Context of French Companies in the SBF 250 |
| Country | : | Morocco |
| Authors | : | Sara Elouadi |
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: | 10.9790/5933-0802024959 |
Abstract: Considering trust as a universal mechanism of governance inherent in any cooperation. Our study proposes to invest a new facet of employee ownership. Indeed, the participation of employees in the capital of their businesses, by trust it induces, is likely to limit the uncertainty and distrust of resource providers. To test this relationship, we conducted two empirical studies. The first is to study the structure ratios and liquidity of companies in the SBF 250, in a longitudinal sample of 2001 to 2009. The second study provides a comparison of a matched cross sectional sample, on the score of Altman 19 pairs businesses
Keywords: Employee shareholding, opportunity cost, confidence, score Altman.
[1]. Allouche J., Amann, B., Garaudel, P. (2008), «Performances et caractéristiques financières comparées des entreprises familiales et non familiales : le rôle modérateur de la : cotation en bourse et du degré de contrôle actionnarial », Journal des Entreprises Familiales n° 1, p. 5-39.
[2]. Allegret, J.P., Baudry, B. (1996), « La relation banque-entreprise: structures de gouvernement et formes de coordination », Revue Française d'Economie, n° 11(4), p. 3-36.
[3]. Altman, E. (1968), « Financial ratios, discriminant analysis and the prediction of corporate bankruptcy », The Journal of Finance, n° 23(4) , p. 589-609.
[4]. Bardos, M. (2001), Développements récents de la méthode des scores de la Banque de France ,Bulletin de la Banque de France.
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| Paper Type | : | Research Paper |
| Title | : | Investigate The Factors Affecting Dividend Policy in Listed Firms on Tehran Stock Exchange |
| Country | : | Iran |
| Authors | : | Amir Mohammad Hooshyar || Mir FarhadSadigh Mohammadi || Adel Shah Valizadeh |
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: | 10.9790/5933-0802026062 |
Abstract: One of the most controversial topics in the field of financial literature is dividend policy. So, the dividend is one of the issues that has been attracted the attention of financial analysts and investors. In this study, we tried to examine the factors affecting dividend policy based on panel data method of listed firmson 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, and the number of remaining firms to test research hypotheses were 106 firms in terms of 630 observation..............
Keywords: Dividend policy, firm size, profitability, current ratio
[1] 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.
[2] Banimahd, B &Asghari, A. (2011).Investigating the effect of firm leverage on dividend policy of listed companies on Tehran stock exchange, financial knowledge of analyzing securities, Issue I, summer 2011.
[3] Shahnazarian, A.(2006). Investigating correlation between dividend and cash flow in companies listed on Tehran Stock Exchange, MS Thesis, Faculty of Management and Accounting, ShahidBeheshti University.
[4] Alizadeh, A. (2001). Investigating the correlation between dividends and changes in cash flows, MS Thesis, School of Management, Tehran University.
[5] Anil K. & S. Kapoor. (2008). Determinants of Dividend Payout Ratios- A Study of Indian Information Technology Sector, International Research Journal of Finance and Economics, Vol.15 pp.63-71.
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| Paper Type | : | Research Paper |
| Title | : | Comparing Methods to Forecasting Var: Fhs Versus Evt Approaches |
| Country | : | Greece |
| Authors | : | Panagiotis Delis || John Hlias Plikas |
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: | 10.9790/5933-0802026368 |
Abstract: Financial institutions have for many years sought measures, which identify and approach market risks in portfolios of financial instruments. Forecasting VaR has attracted a great deal of attention in the financial econometrics literature, the so-called filtered historical simulation (FHS) and Extreme Value Theory approaches. The paper provides a methodological contribution to the one-step-ahead VaR forecasting through some FHS and EVT approaches, which combine some conditional models for variance. Accounting asymmetrically distributed portfolio returns within the conditional variance process, accurate 99 per cent VaR forecasts are calculated for one-day-ahead horizon under Basel accords. After calculating VaR, we evaluate these methods for presenting the most appropriate methodology.
Keywords: Value-at-Risk, market risk, filtered historical simulation, EVT, efficient forecasting model
[1.] R. Alemany, C. Bolancé, M. Guillén, Nonparametric estimation of Value-at-Risk. Working Paper, Department of Econometrics, Riskcenter-IREA, University of Barcelona, 2012
[2.] Angelidis, T., Benos, A. and Degiannakis, S. 2004. The use of GARCH models in VaR estimation. Statistical Methodology Vol. 1, No. 2: 105–128.
[3.] Angelidis, T., Degiannakis, S. (2006), Backtesting VaR models: an expected shortfall approach, Working paper, Athens University of Economics and Business.
[4.] Assaf, A. (2009), Extreme observations and risk assessment in the equity markets of MENA region: Tail measures and Value-at-Risk, International review of Financial Analysis, N° 18, 109-116.
[5.] Barone-Adesi, G., Giannopoulos, K., Vosper, L. (2000), Filtered Historical Simulation.Backtest Analysis, University of Westminster
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| Paper Type | : | Research Paper |
| Title | : | Credit Risk Analysis & Modeling: A Case Study |
| Country | : | India |
| Authors | : | Mr Prashanta Kumar Behera |
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: | 10.9790/5933-0802026981 |
Abstract: Credit risk analysis and credit risk management is important to financial institutions which provide loans to businesses and individuals. Credit risk can occur for various reasons such as bank mortgages (or home loans), motor vehicle purchase finances, credit card purchases, installment purchases, and so on. Credit loans and finances have risk of being defaulted. To understand risk levels of credit users, credit providers normally collect vast amount of information on borrowers. Some predictive analytic techniques can be used to analyze or to determine risk levels involved on credits, finances, and loans, i.e.........
Keywords: Credit Risk, Probability of Default, Cumulative Accuracy Profile (CAP), the Receiver Operating Characteristic (ROC), and the Kolmogorov-Smirnov (K-S) statistic.
[1]. Altman, E. "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy." Journal of Finance. Vol. 23, No. 4, (Sep., 1968), pp. 589–609.
[2]. Basel Committee on Banking Supervision, International Convergence of Capital Measurement and Capital Standards: A Revised Framework, Bank for International Settlements (BIS). comprehensive version, June 2006.
[3]. Hanson, S. and T. Schuermann. "Confidence Intervals for Probabilities of Default." Journal of Banking & Finance. Vol. 30(8), Elsevier, August 2006, pp. 2281–2301.
[4]. Jafry, Y. and T. Schuermann. "Measurement, Estimation and Comparison of Credit Migration Matrices." Journal of Banking & Finance. Vol. 28(11), Elsevier, November 2004, pp. 2603–2639.
[5]. Löffler, G. and P. N. Posch. Credit Risk Modeling Using Excel and VBA. West Sussex, England: Wiley Finance, 2007
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| Paper Type | : | Research Paper |
| Title | : | Free Trade, Export Expansion and Economic Growth in Nigeria |
| Country | : | Nigeria |
| Authors | : | John Obot Udoidem || `Emmanuel Ikpe Michael || Etenam Ebenezer Akpabio |
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: | 10.9790/5933-0802028290 |
Abstract: Free trade and export expansion policies of government are meant to encourage increase in output as measured by Real Gross Domestic Product (RGDP). This paper seeks to examine the relationship between free trade, export expansion and Economic Growth in Nigeria. The study employs Ordinary Least Square (OLS) regression technique in data analysis for the period spanning 1985 and 2015. RGDP, total import, total export, foreign exchange rate, total government expenditure and inflation rate were used as variables. Unit Root test and Johansen's Cointegration test were carried out.............
Keywords: Free Trade, trade liberalisation, Export Expansion, Economic Growth
[1]. Haberler, G.V. (1961). The Theory of International Trade. Edinburgh: William Hodge & Company Ltd.
[2]. Singh, M. P. (1985), "Import Policy of a Developing Economy, Chugh Publications, Allahabad, India.
[3]. Johnson, H. G. et al (1965). "Essays in Honour of Gottfried Haberler", Chicago, Rand Mi Nally Co. In: Analogbei, F.C.O. (n.d). Trade Reforms and Productivity in Nigeria. Available at: www.google.com.
[4]. Ellsworth, P. T. (1969). "The International Economy". London: The Macmillan Company, Collier - Macmillian Limited.
[5]. Central Bank of Nigeria (1979). "Twenty Years of Central Banking in Nigeria", Published by CBN.