Version-1 (July-August 2017)
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| Paper Type | : | Research Paper |
| Title | : | An Empirical Study on the Interdependence among Stock Market, Commodities Market and Foreign Exchange Market |
| Country | : | India |
| Authors | : | Dr. P. Sri ram |
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: | 10.9790/5933-0804010107  |
Abstract: Financial markets are full of imperfections, which make results inconsistent with the expectations. Genuine conditions apart, in the present world of finance, human greed, system failures or national afflictions can make things very unpredictable. This is where risk comes into play. Most of the investors have one simple approach to dealing with risk. That is to avoid it by all means. In financial investment matters, this may not be a good strategy.................
[1]. Harberger, A. (2004), Economic Adjustment and the Real Exchange Rate, in S. Edwards and L.Ahamed (eds.), Economic Adjustment Exchange Rates in Developing Countries", University of Chicago Press, 10, 308-321
[2]. Husain, A.M., Mody, A., Rogoff, K.S., (2004), "Exchange Rate Regime Durability and Performance in Developing Versus Advanced Economies", Journal of Monetary Economics, 52(1), 35-64.
[3]. Mishra, A., and Yadav, R. (2012). Exchange Rate Behaviour and Management In India: Issues And Empirics. International Journal of Economics, Commerce and Research, 2 (4), 9-16.
[4]. Raithatha, M. (2012). A Conceptual Study On Fluctuation Of Rupee In Relation To Dollar. ZENITH International Journal of Business Economics and Management Research, 2 (3), 266-274.
[5]. Hooper, P., and Morton, J. (1982). Fluctuations in the Dollar: A Model of Nominal and Real Exchange Rate Determination. Journal of International Money and Finance, 1, 39-56.
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| Paper Type | : | Research Paper |
| Title | : | Impact of Treasury Single Account on the Performance of the Banking Sector in Nigeria |
| Country | : | Côte d'Ivoire |
| Authors | : | Ndubuaku Victor C. || Ohaegbu O.K. || Nina Nsimoh M. |
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: | 10.9790/5933-0804010815 |
Abstract: Treasury Single Account (TSA) was introduced to curb corruption in the country's public accounting system with its attendant impact on the banking sector. This research study aims to determine the impact of TSA on the performance of the banking system in Nigeria. This research study sought to determine the impact of TSA on Credit to the Private Sector, Deposit mobilization and Loans and Advances respectively. Secondary and time series data were obtained from the CBN statistical bulletin 2015. The data were analysed using regression and correlation analysis. The results from the research analysis confirmed that the TSA had a significant impact on Credit to the Private Sector, Deposit Mobilization and Loans and Advances.
Keywords: Treasury Single Account, Deposit Mobilization, Credit to the Private Sector, Loans and advances, Financial Performance, Banking Sector
[1]. Eme, O. I., Chukwurah, D. C., & Iheanacho, E. N. (2015, November). AN ANALYSIS OF PROS AND CONS TREASURY SINGLE ACCOUNT POLICY IN NIGERIA. Arabian Journal of Business and Management Review (OMAN Chapter), 5(4).
[2]. Isa, A. A. (2016). The Treasury Single Account (TSA) as an Instrument of Financial Prudence and Management: Prospects and Problems. Research Journal of Finance and Accounting, 7(4).
[3]. Kanu, C. (2016). Impact of Treasury Single Account on the Liquidity. ABC Journal of Advanced Research, 5(1), 43-52.
[4]. Lienert, I. (2009). Modernizing Cash Management, Technical Notes and Manuals, Fiscal Affairs Department. Washington: International Monetary Fund.
[5]. Obinna, C. (2015, August 11). Banks Face Liquidity Strain as FG Fully Enforces Treasury Single Account. p. 52.
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| Paper Type | : | Research Paper |
| Title | : | Impact of Monetary Policy (Interest Rate) Regimes on the Performance of the Banking Sector in Nigeria |
| Country | : | Nigeria. |
| Authors | : | Ndubuaku Victor C. || Ifeanyi Ozioma. || Nze Chiaka || Onyemere Samuel |
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: | 10.9790/5933-0804011632 |
Abstract: This paper examined the impact of monetary policy regimes on the performance of ommercial banks in Nigeria. The paper used Descriptive and Ex-post Facto Research Design. It utilized time series data collected from Central Bank of Nigeria Bulletin. The study was divided into SAP Period (1986-1999) and Post SAP Period (2000 -2013). Eight Research Questions and eight Hypotheses were raised for the study. Regression and Pearson Product Moment Correlation technique were used to analyze the data collected while t-test statistic was employed in testing the hypotheses...........
[1]. Aburime, T.U. (2008). Determinants of Bank Profitability: Macroeconomic Evidence from Nigeria. Lagos Journal of Banking and Finance and Economics. (http://ssrn.com/abstract=1231064)
[2]. Adebiyi M.A. and Babatope O.B. (2004). International Framework, Interest Rate Policy and the financing of the Nigerian Manufacturing Subsector. A paper presented at the African Development and Poverty Reduction (the Macro Linkage) Conference at Lord Charles Hotel Somerset West, S.A. Oct 13-15.
[3]. Ahmad, H. I.(2003). Trends in Profitability of Banks in Nigeria Before and During Interest Rate Regulation, Nigerian Deposit Insurance Corporation Quarterly Report, Vol 13(3) Sept., pp 59-82.
[4]. Al-Tamini, H. and Hassan, A. (2010). Factors Influencing Performance of the UAE Islamic and Conventional National Banks. Department of Accounting and Finance and Economics, College of Business Administration, University of Sharjah.
[5]. Bekaert G. (1998). Regime Switches in Interest Rates. Cambridge, Mass National Bureau of Economic Research
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| Paper Type | : | Research Paper |
| Title | : | Community-Based Economics Empowerment and Development in Maluku Province |
| Country | : | Indonesia |
| Authors | : | Gerrit M. Pentury || Stellamaris Metekohy || Priscillia Picauly |
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: | 10.9790/5933-0804013340 |
Abstract: In the current era of autonomization, every province, district / city as a unit of government administration, seeks to find the right strategy to improve the welfare of its people. Underdeveloped regions are certainly struggling to find inspiration to determine the right strategy to overcome their condition or to alleviate poverty. The purpose of this study is to assess the existence of empowerment groups as the basis for the establishment of policies and work programs for empowerment groups, especially the community-based economy and development for strengthening the institution. This study is a qualitative in nature that includes explorative, community development, participatory methods...........
Keywords : Empowerment, Economic Development, Community Based, Maluku Province.
[1] Almasdi Syahza., 2003. Paradigma Baru: Pemasaran Produk Pertanian Berbasis Agribisnis diDaerah Riau, dalam Jurnal Ekonomi, Th. VIII/02/Juli/2003, PPD&I Fakultas EkonomiUniversitas Tarumanagara, Jakarta.Collins, Frank. 1978. "The Interaction of Budget Characteristics and Personality Variabels with Budgetary Response Attitudes". The Accounting Review. Vol.LIII, No.2, April. pp.324-335.
[2] Azis, H. Moh. Ali, 2005, Pendekatan Sosio-Kultural dalam Pemberdayaan Masyarakat, dalam Rr. Suhartini, dkk. (eds). Model-Model Pemberdayaan Masyarakat, Yogyakarta, Pustaka Pesantren.
[3] BPS., 2015. Kota Ambon Dalam Angka. Penerbit Badan Pusat Statistik Kota Ambon. 2015.
[4] BPS., 2015. Maluku Dalam Angka. Penerbit Badan Pusat Statistik Provinsi Maluku. 2015.
[5] BPS., 2015. Maluku Tengah Dalam Angka. Penerbit Badan Pusat Statistik Kabupaten Maluku Tengah. 2015.
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| Paper Type | : | Research Paper |
| Title | : | The Mediating Effect of Firm Growth on the Relationship between Capital Structures and Value of Nonfinancial Firms listed at the Nairobi Securities Exchange (NSE) |
| Country | : | Kenya |
| Authors | : | Daniel Kon Ater || Dr. Sifunjo E. Kisaka || Dr. Cyrus Iraya || Dr. Mirie Mwangi |
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: | 10.9790/5933-0804014146 |
Abstract: This study examines the mediating effect of firm growth on the relationship between capital structure and firm value among non-financial listed firms at the Nairobi Securities Exchange. Using hypotheses formulated from existing literature as per the gaps identified and tested. A target population of 36 non-financial firms at the NSE was selected. With a positivistic research philosophy complemented with descriptive research design such as mean, standard deviation, coefficient of variation, kurtosis and skewness and correlation analysis employed. The study used stepwise multiple regression analysis and in testing of hypothesized variables. Capital structure research being one of the most sensitive areas of corporate finance and decision-making because of the interrelationships with other...........
[1]. J. Abor, The Effect of Capital Structure on Profitability: An Empirical analysis of Listed Firms in Ghana. Journal of Risk Finance, 6 (4), 38-47 (2005).
[2]. M. Ayen, & E. Oruas, Testing of pecking order theory in ISE (Istanbul stock exchange market). International Research Journal of Finance & Economics, 21, 19-22. (2008).
[3]. R. Campbell, B. Harveya, & V.L. Karl, The effect of capital structure when expected agency costs are extreme. Journal of Financial Economics, 74, 3-30. (2004).
[4]. S.C. Myers, The capital structure puzzle. Journal of Finance, 39, 575 – 592 (1984)
[5]. F. Modigliani, & M..H. Miller, The cost of capital, corporation finance and the theory of investment. American Economic Review, 48 (3), 261-97, (1958).
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| Paper Type | : | Research Paper |
| Title | : | The Paradoxes of Macroeconomic Policies in Development Countries: The Case of Morocco |
| Country | : | Morocco |
| Authors | : | Ph.D. Badr Machrafi |
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: | 10.9790/5933-0804014755 |
Abstract: Morocco has embarked on a process of formulating and implementing priority reforms aimed at improving the country's socio-economic environment. In this sense, it has put in place several strategies to promote economic activity and integrate its economy into the global economy. Consequently, the development and strengthening of the private sector has taken a major place on the basis of its role in the socio-economic development of the country. The promotion of investment and the encouragement of the private sector require not only the political commitment of the State but also the intervention of the main economic actors and a favorable socio-cultural environment............
Keywords: Macroeconomics, Globalization, Development Country, Growth, Trade, Development strategy, Reforms, Development, Africa, Morocco New economic reforms, Economic context, Investment trends.
Books:
[1]. Achy L., L'économie marocaine en question, Paris, L'Harmattan, 2007
[2]. Aglietta M., La crise : Pourquoi on en est arrivé là ? Comment en sortir ?, Paris, Editions Michalon, 2008.
[3]. Aktouf O., La stratégie de l'autruche Post-mondialisation, management et rationalité économique, Montréal, Éditions Écosociété, 2002
[4]. Attali J., La Crise, et après ?, Paris, Fayard, 2009.
[5]. Béchu T., Economie et marchés financiers : perspectives 2010-2020, Éditions d'Organisation, Groupe Eyrolles, 2010
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| Paper Type | : | Research Paper |
| Title | : | ICT Management Information System for Rural India: A Bottomline for Indian GDP |
| Country | : | India |
| Authors | : | Tavishi Sharma || Kunal Vashisth || Sangeeta Sharma |
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: | 10.9790/5933-0804015661 |
Abstract: Seventy two percent approximate populations dwelling in rural India do suffers from one or the other deprivation indicators and most of rural India remains emptied of global touch points linked to its area of economic concern. The purpose of this presentation is to address the role of 1.8 billion rural hands for un-interrupted growth of Indian economy by bringing ICT solutions within their reach. Urbanising rural India can mobilize the direction of rural masses towards productive efficiencies; evidently where whole globe will come forward for this great opportunity's radical change has taken place due to proliferation of digital technologies over the past two decades............
Keywords: ICT, Rural development; urbanization; rural India; cloud computing; corporate social responsibility CSR; deprivation indicators.
[1] India: The impact of mobile phone, The Policy Paper Series - Number 9, January 2009: An econometric analysis of the impact of mobile by Prof. Rajat Kathuria, Dr Mahesh Uppal and Mamta.
(See: http://www.vodafone.com/ content/dam/ Vodafone/about/ public _policy/policy papers/public_ policy_series_9.pdf
[2] Times of India, dated 13/7/15, p-10)
[3] Deakins, D., Mochrie, R. and Galloway, L. (2004), Rural business use of information and communications technologies (ICTs): a study of the relative impact of collective activity in rural Scotland. Strat. Change, 13: 139–150. doi:10.1002/jsc.683
[4] UNESCO INSTITUTE OF STATISTICS, (http://www.unesco.org/open-access/terms-use-ccbysa-en).
[5] Christiansen, L & Demery, L 2007, ‗Down to Earth: Agriculture and Poverty Reduction in Africa,' The World Bank, Washington, D.C. Available at: http://siteresources.worldbank.org/INTPOVERTY/Resources/3356421130251872237/DownToEarth_final.pdf.
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| Paper Type | : | Research Paper |
| Title | : | RBI"S Initiative in Promoting Financial Literacy A Study with Special Reference to Mumbai |
| Country | : | India |
| Authors | : | Dr Sweta Kumari |
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: | 10.9790/5933-0804016271 |
Abstract: Financial literacy is the process by which investors improve their understanding of financial markets, products, concepts and risks. Financial literacy is important because it benefits not only the consumers, but also the financial system and the economy. Financial literacy causes consumers to behave in a particular way, and develop particular attitudes concerning money. The microeconomic benefits to the household extend out to produce macroeconomic benefits for the economy and the financial system and thus it is an important function of the central bank of any country to develop adequate financial literacy among its peoples............
Keywords: Financial literacy, financial market, financial resources, policy makers, investors.
[1] 'The Role of Financial Education: The Indian Case' - Inaugural Address by Dr. Y. V. Reddy, Governor, Reserve Bank of India at the International Conference on Financial Education organised by OECD and co-hosted by Pension Fund Regulatory and Development Authority at New Delhi on September 21, 2006.www.rbi.in.org
[2] Financial Behavior and Problems among College Students in Malaysia: Research and Education Implication Mohamad Fazli Sabri, Iowa State University, consumer interest annual Volume 54, 2008
[3] Personal finance- Jack R Kapoor, Les R Dlabay, Robert J Hughes eight edition 2008 tata mcgraw Hills Publication
[4] SURVEY OFFINANCIAL LITERACY SCHEMES IN THE EU27VT Markt/2006/26H - Final Report Marco Habschick, Britta Seidl, Dr. Jan Evers with cooperation of Doreen Klose and Yoshua Parsian Hamburg, November 2007
[5] Factors Influencing Investment Decision of Generations in India: An Econometric Study Gaurav Kabra , Prashant Kumar Mishra , Manoj Kumar Dash Asian journal of management research 2010
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| Paper Type | : | Research Paper |
| Title | : | The Challenges of Inclusive Growth in Sub-Saharan Africa: A Comparative Analysis of Angola and Nigeria |
| Country | : | Nigeria. |
| Authors | : | S. Igbatayo || B. Afolabi, Phd || O. Babalola |
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: | 10.9790/5933-0804017282 |
Abstract: Since the turn of the Century, African economies have undergone considerable transformation, with consistent and robust growth, in sharp contrast to decades of slow or even negative growth, which characterized the 1970s into the 1990s. While the region's economies slowed down from an average of 5.6% during the period 2002-2008 to 2.2% in 2009, in the wake of the global financial crisis; Africa promptly recovered, with an average growth rate of 4.6% in 2010 and 6.2% in 2012, as well as 4.0 and 4.3% for 2013 and 2014, respectively. In Sub-Saharan Africa, economic growth is even more robust,........... .
[1]. African Economic Outlook (AEO) (2015): Angola Country Profile. A Joint Publication by African Development Bank (AfDB); Organizanation for Economic Cooperation and Development (OECD); and United Nations Development Programme (UNDP).
[2]. ------------ (AEO) (2015a): Nigeria Country Profile.
[3]. ------------(AEO) (2014): Global Value Chains & Africa's Industrialization. A Joint Publication by African Development Bank (AfDB); Organizanation for Economic Cooperation and Development (OECD); and United Nations Development Programme (UNDP).
[4]. ------------- (AEO) (2012): Angola Country Profile.
[5]. ------------- (AEO) (2012a): Nigeria Country Profile.
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| Paper Type | : | Research Paper |
| Title | : | Analysis of Abnormal Return, Trading Volume, And Bid-Ask Spread At the Period of Stock Split Announcement |
| Country | : | Indonesia |
| Authors | : | Dianingsih Putri Utami || Nadia Asandimitra |
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: | 10.9790/5933-0804018393 |
Abstract: This study aims to determine the market reaction to the announcement of stock split at the company's listing on the Indonesia Stock Exchange period 2015. The market reaction is indicated by the presence or absence of difference of abnormal return, trading volume, and the bid-ask spread before, during, and after the announcement of a stock split. Type of this research is an event study........
Keywords:abnormal return, bid ask spread, stock split, trading volume
[1] E. Tandelilin, Portofolio dan Investasi, Teori dan Aplikasi. Edisi Pertama. Yogyakarta: Kanisius.2010
[2] H. Jogiyanto, Teori Portofolio dan Analisis Investasi. Edisi Kedua. Yogyakarta: BPFE. 2003
[3] F.S. Mar'ati, Analisis Efisiensi Pasar Modal Indonesia. Jurnal Ilmu Manajemen dan Akuntansi Terapan (JIMAT) STIE AMA Salatiga. vol. 3, no. 2.2012
[4] H.P. Islamiyahya and T. Herawati, Pengaruh Kebijakan Stock Split terhadap Abnormal Return, Volume Perdagangan Saham dan Bid-Ask Spread pada Perusahaan Go Public yang Terdaftar dalam Bursa Efek Indonesia. Jurnal Ilmiah Mahasiswa FEB Universitas Brawijaya. vol. 1, no. 2. 2013
[5] A. N. Kusumaningtyas,., and I. Yunita,. "Analisis Reaksi Pasar Terhadap Pengumuman Stock Split Pada Perusahaan Go-Public Di Bursa Efek Indonesia Pada Tahun 2009–2013 (Analysis Of Market Reaction To The Stock Split Announcement Of Go-Public Company In Indonesia Stock Exchange On 2009-2013).2014