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Performance Assessment of Industrial Real Estate Contribution to Nigerian Economy
Nurudeen Akinsola Bello,
Ismail Kolawole Bello,
Olufola Toyosi Elegbede
Issue:
Volume 4, Issue 5, October 2015
Pages:
132-140
Received:
13 July 2015
Accepted:
29 July 2015
Published:
11 August 2015
Abstract: This work is set to measure the contribution of real estate to the production output of manufacturing industries in Nigeria and relate it to the gross domestic product of Nigeria with a view to providing guidance for the industrial investors, measuring past achievements and providing the basis for planning and control decisions. 44 of the 108 industries in industrial town of Ota in Nigeria were randomly sampled to elicit data between 2008 and 2012 from heads of administration of each industry and data collected were analyzed using descriptive statistics. The findings indicated that at aggregate level, industrial properties in Ota, Nigeria contributed 19% performance to the manufacturing success of industrial establishments. Furthermore, while both contributions of manufacturing sector to the national economy and the industrial real estate to manufacturing output are not steady or specific in trend, the average of the contribution of manufacturing/industrial sector to Nigerian economy from 2008-2012 as gathered from various sources indicated 3.41%, the implication of this is that the industrial real estate’s actual contribution to Nigerian economy is 0.65%. This work did not measure the value (capital or rental) to determine performance of industrial properties; rather it rated the performance of each standard economic factors of production (land, labour, capital and entrepreneur) base on their contribution to the production activities of the industries by conversion of qualitative perception of the respondents to quantitative measurement. Further endeavor is desired to have pure quantitative measurement as improvement on this qualitative perception. The field of real estate of manufacturing industry lacks empirical measurement to quantify the value that it adds to the firm’s performance and this has made the contribution of real estate to the firm not properly considered or recognized. This work is therefore non-economic parameter used to quantify the contribution. The benchmarks developed in this work were found to be measurable and appropriate for owner occupied industrial buildings and makes collection of data simple. The work advanced the benchmarks required for the performance evaluation of industrial buildings without resorting to determination of actual value. This will be useful for government to fix industrial real estate in the national economic importance as against the usual real estate investment contribution to the national economy.
Abstract: This work is set to measure the contribution of real estate to the production output of manufacturing industries in Nigeria and relate it to the gross domestic product of Nigeria with a view to providing guidance for the industrial investors, measuring past achievements and providing the basis for planning and control decisions. 44 of the 108 indus...
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Governance, Employee Engagement and Improved Productivity in the Public Sector: The Nigerian Experience
Nkogbu Godfrey Oshilim,
Offia Patience Akpesiri
Issue:
Volume 4, Issue 5, October 2015
Pages:
141-151
Received:
18 July 2015
Accepted:
30 July 2015
Published:
11 August 2015
Abstract: This paper examines governance, employee engagement and productivity in the Nigerian public sector. Amidst the high expectations of the citizenry from the new administration of the 6th republic in the Nigerian civilian administration, the reality on ground at the commencement of the new administration in the 6th Republic calls for questions raised by governance in the past administration and consequently employee engagement in the Nigerian public sector as well as its impact on organizational productivity. Owing to the declining level of employee engagement and productivity in the Nigerian public sector, the paper concludes that for productivity to improve in the public sector and for employee engagement to occur, the three Hs (Head, Heart and Hand) of the employee must be effectively engaged in addition to the provision of good governance by government.
Abstract: This paper examines governance, employee engagement and productivity in the Nigerian public sector. Amidst the high expectations of the citizenry from the new administration of the 6th republic in the Nigerian civilian administration, the reality on ground at the commencement of the new administration in the 6th Republic calls for questions raised ...
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Uncertainty Handling in Ship Assessment: A Case Study of Bangladesh
Muhammed Jamshed Alam Patwary,
Mohammad Osiur Rahman,
Mohammad Shahadat Hossain
Issue:
Volume 4, Issue 5, October 2015
Pages:
152-161
Received:
19 July 2015
Accepted:
30 July 2015
Published:
11 August 2015
Abstract: Shipping is the oldest and internationally recognized industry. It helps many national and international businesses by transporting vast amount of goods from one place to another. Most of the businesses in Bangladesh are depended on sea ports. For this reason, shipping services are very important in Bangladesh. To maximize the profit from a ship oriented business, it is essential to select the right ship for intended purpose. However, ship selection is a very critical process, because it requires handling of both qualitative and quantitative information under uncertainty. While evaluating the quality of a ship in Bangladesh, particularly in Chittagong and Mongla sea port, only quantitative parameters are considered. Qualitative and uncertain data are ignored. Sometimes it causes not to select the right ship, as a result, serious losses in businesses. The goal of this study is to overcome the existing limitations of ship selection through handling of both qualitative and quantitative data under uncertainty. In this article, evidential reasoning (ER) approach is used for aggregating both qualitative and quantitative data under uncertainly for ranking among the alternatives and finally selecting the best ship out of many alternatives. The proposed method is applied on five alternative ships of Western Fishers Shipyard Ltd (WFSL). Using the method it has been possible to rank among alternatives successfully and both qualitative and quantitative data have been collated to handle uncertainty in ship selection. It is recommended to use the ER method in ship selection, because it can handle uncertainty and helps businessmen to get maximum benefit from their businesses through selecting the best ship.
Abstract: Shipping is the oldest and internationally recognized industry. It helps many national and international businesses by transporting vast amount of goods from one place to another. Most of the businesses in Bangladesh are depended on sea ports. For this reason, shipping services are very important in Bangladesh. To maximize the profit from a ship or...
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Impact of Macroeconomic Variables on Stock Returns: Evidence from Bombay Stock Exchange (BSE)
Issue:
Volume 4, Issue 5, October 2015
Pages:
162-170
Received:
22 July 2015
Accepted:
29 July 2015
Published:
11 August 2015
Abstract: Numerous empirical studies have examined the relationship between macroeconomic variables and stock returns across different stock markets and time horizons by either outlining the influence of only domestic variables or a few global factors. The aim of this paper is to combine both global and domestic factors and extend this presumed relationship between stock returns and macroeconomic variables to the emerging market of India. Using time-series analysis, this paper employs Vector Autoregression (VAR) to determine the impact of macroeconomic variables on the stock returns of Bombay Stock Exchange (BSE). Findings of this paper indicate that a considerable impact of interest rate, gold price, exchange rate and money supply is observed for the stock returns of BSE. Additionally, a strong influence of the global macroeconomic factor of the world price index is also observed, which implies a gradual integration of BSE towards the global financial markets. Finally, the study highlights the managerial and policy implications, future research directions and limitations from the perspective of India.
Abstract: Numerous empirical studies have examined the relationship between macroeconomic variables and stock returns across different stock markets and time horizons by either outlining the influence of only domestic variables or a few global factors. The aim of this paper is to combine both global and domestic factors and extend this presumed relationship ...
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The Relationship Between Organizations’ Acquired Knowledge, Skills, Abilities (SKAs) and Shareholders Wealth Maximization: The Mediating Role of Training Investment
Gabriel Dwomoh,
Williams Kwasi Boachie,
Kofi Kwarteng
Issue:
Volume 4, Issue 5, October 2015
Pages:
171-179
Received:
17 July 2015
Accepted:
1 August 2015
Published:
11 August 2015
Abstract: The study examined the relationship between organizations’ acquired knowledge, skills, abilities and shareholders wealth with training playing the mediating role. The sample of the study consisted of organizations that spent 10% or more of its annual budget on training and those whose training budget is less than 10% of the organization’s annual budget. A total of 620 questionnaires were distributed to employees working in various organizations out of which 580 representing 93.5% were retrieved. The sample was drawn using convenience sampling. The data collection instrument was mainly questionnaires supported by the use of Regression models for analysis to be made. Analyzing multiple models, it was discovered that organizations training investment plays a considerable indirect and direct effect with partial mediation between organizations acquired skills, knowledge, abilities and shareholders wealth. Shareholders should allow their agents to invest part of their holdings to develop the human capital of the organization but this should be done with caution since shareholders returns do not depend much on how much organizations spend in developing its human resource capital.
Abstract: The study examined the relationship between organizations’ acquired knowledge, skills, abilities and shareholders wealth with training playing the mediating role. The sample of the study consisted of organizations that spent 10% or more of its annual budget on training and those whose training budget is less than 10% of the organization’s annual bu...
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Savings, Inflation and Economic Growth Linkages: A Re-Examination with Nigeria Data
Richardson Kojo Edeme,
Innocent Ifelunini
Issue:
Volume 4, Issue 5, October 2015
Pages:
180-185
Received:
19 July 2015
Accepted:
1 August 2015
Published:
12 August 2015
Abstract: The inter-relationship among savings, inflation and economic growth is an important conjuncture in the linkage evaluation of economic performance. Towards making them sustainable, the Nigeria government has initiated reforms, some of which in the last seven years. Despite these reforms, no study has been undertaken on the linkages among these variables with existing studies having confided themselves to looking only at the relationship between inflation and investment and the impact of inflation and economic growth. Using annual time series data from 1980-2013, this study examined the linkages among savings, inflation and economic growth in Nigeria using the 2-stage least squares (2SLS) method. The study found inflation and real interest to be negatively related with economic growth while exchange rate has positive effect on economic growth. Also economic growth, unemployment and real interest rate negatively affected inflation rate, while indirect taxes had positive impact on inflation. The result further shows that economic growth; exchange rate and foreign direct investment engender savings while depreciation rate endangers savings. The study also established threshold level of 8 percent of inflationary level was found to be consistent with Nigeria growth; beyond this point inflation will endanger growth
Abstract: The inter-relationship among savings, inflation and economic growth is an important conjuncture in the linkage evaluation of economic performance. Towards making them sustainable, the Nigeria government has initiated reforms, some of which in the last seven years. Despite these reforms, no study has been undertaken on the linkages among these varia...
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Empirical Study on Stock Return Volatility in China's Stock Market
Issue:
Volume 4, Issue 5, October 2015
Pages:
186-190
Received:
15 July 2015
Accepted:
4 August 2015
Published:
12 August 2015
Abstract: Wave of financial globalization and financial innovation has brought great changes of the international financial market, the traditional measuring method is not well adapt to these new changes, this requires the presence of the new analysis method. This article will link function to copulas connect theory is introduced into the financial analysis. In this paper, the author makes an empirical analysis of Shenzhen composite index using GRCH family model, and the results show that Chinese stock yield has significant peak fat-tailed features, and have volatility clustering
Abstract: Wave of financial globalization and financial innovation has brought great changes of the international financial market, the traditional measuring method is not well adapt to these new changes, this requires the presence of the new analysis method. This article will link function to copulas connect theory is introduced into the financial analysis....
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Impact of Motivational Strategies on Employee Motivational Level: A Case Study of National Bank of Pakistan in Azad Jammu and Kashmir
Shagufta Ashraf,
Ghulam Mustafa Azam,
Waqar Ashraf
Issue:
Volume 4, Issue 5, October 2015
Pages:
191-195
Received:
20 July 2015
Accepted:
5 August 2015
Published:
12 August 2015
Abstract: The study sought to find out the motivational strategies and its impact on employee motivational level. The purpose of the study is to provide effective motivational strategies for banking sector of Azad Kashmir to use to motivate employee’s, improve and increase productivity in organization. The Literature review enables us to understand the various theories on motivation and the effects have on productivity. The researcher adopted a questionnaire to collect primary data regarding what will make employees to perform and increase productivity. The study was conducted by collecting data from sample of 90 respondents selected from five districts of Azad Jammu and Kashmir including Mirpur , Kotli, Palandri and Bagh and Rawalakot using questionnaire. The data was analyzed using frequencies and percentage distribution. The result shows that “Advancement Opportunity” has the highest impact on motivational level on employees working in National Bank of Pakistan working in Azad Kashmir
Abstract: The study sought to find out the motivational strategies and its impact on employee motivational level. The purpose of the study is to provide effective motivational strategies for banking sector of Azad Kashmir to use to motivate employee’s, improve and increase productivity in organization. The Literature review enables us to understand the vario...
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Factors Affecting Information Technology Audit Quality
Yahya Hasas Yeghaneh,
Mostafa Zangiabadi,
Seyed Mostafa Dehghani Firozabadi
Issue:
Volume 4, Issue 5, October 2015
Pages:
196-203
Received:
20 July 2015
Accepted:
4 August 2015
Published:
12 August 2015
Abstract: Change and the growth of information technology, all aspects of human society have taken in the light of self. Human need, interest in using new technologies emerged as a dominant factor in their organizations and they will force to keep pace with the condition. Since the major factor in advances in information technology in the present world, is the need and necessity. This important, changed the methods and practices and have been transformed of paper-based systems to electronic information systems and software. Accounting and auditing profession, perhaps more than in other areas of financial knowledge have been disposable of Enjoyment and use of the facility is subject to the new environment. New environment recording and reporting of information, has created much effects in the efficiency and effectiveness of the auditing profession And the need to use information technology audit to be felt more than ever. Therefore, in this study, are followed to find the factors affecting on information technology audit quality. In order to, Standard questionnaire was used that test its validity before and also reliability 89% was measured. And results show that from the view of CPAs working in the audit institute and the audit organization, properly accountability of audit team and existence audit framework and process, business criteria and audit scope, auditability, planning and operations, access to resources, relationship with the entity and the business environment, affects IT audit quality
Abstract: Change and the growth of information technology, all aspects of human society have taken in the light of self. Human need, interest in using new technologies emerged as a dominant factor in their organizations and they will force to keep pace with the condition. Since the major factor in advances in information technology in the present world, is t...
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Impact of the Capital Structure Tools on the Performance Indicators in the Listed Companies in Tehran Stock Exchange
Mostafa Zangiabadi,
Amin Rahimzade,
Mahdie Taboli
Issue:
Volume 4, Issue 5, October 2015
Pages:
204-209
Received:
21 July 2015
Accepted:
4 August 2015
Published:
12 August 2015
Abstract: Today, one of the objectives of the financial managers is to maximize shareholder wealth, and in this context, determining the capital structure is a key factor. Due to tax benefits, the use of financial leverage is considered. On the other hand, due to higher interest costs associated with obtaining debt, bankruptcy may also exist. In conclusion, this study examines the impact of capital structure tools on the return on equity, return on assets and return on working capital. This paper examines the data from 2001 to 2011 companies listed in Tehran Stock Exchange. And the results after using the linear regression model, suggest that debt ratio is not affected on the return on equity, but is affected on the return on assets. while debt to net worth ratio and current and long-term debt to net worth ratio is affected on the return on equity. Also, the results show that debt to assets ratio and debt to net worth ratio and current and long-term debt to net worth ratio does not affect on the rate of return on working capital. And debt to net worth ratio and current and long-term debt to net worth ratio does not affect on the rate of return on assets. Overall, the results show that the capital structure affects on the performance of listed companies in Tehran stock exchange
Abstract: Today, one of the objectives of the financial managers is to maximize shareholder wealth, and in this context, determining the capital structure is a key factor. Due to tax benefits, the use of financial leverage is considered. On the other hand, due to higher interest costs associated with obtaining debt, bankruptcy may also exist. In conclusion, ...
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Ranking Multi Criteria Decision Making Methods for a Problem by Area Under Receiver Operating Characteristic
Seyed Behnam Khakbaz,
Maryam Karimi Davijani
Issue:
Volume 4, Issue 5, October 2015
Pages:
210-215
Received:
20 July 2015
Accepted:
3 August 2015
Published:
13 August 2015
Abstract: One of the major challenges in decision making is selection among MCDM (multi criteria decision making) methods. These methods do not provide same answer to decision maker. Therefore selecting the best answer is an important dilemma. To solve this problem, methods like Borda and Copeland compilation have been proposed. However, applying these methods leads to a hybrid solution which is not necessarily the best answer. In this paper a new approach is proposed to rank different MCDM methods. This approach is AUROC (area under receiver operating characteristic) which is a data mining tool for ranking classification models. The results would show great potential of applying AUROC for ranking MCDM methods in an immense selection problem with historical outcome
Abstract: One of the major challenges in decision making is selection among MCDM (multi criteria decision making) methods. These methods do not provide same answer to decision maker. Therefore selecting the best answer is an important dilemma. To solve this problem, methods like Borda and Copeland compilation have been proposed. However, applying these metho...
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The Level of Compliance with International Accounting Standard IAS 18 by Listed Firms in Bahrain
Isa Adnan Budaraj,
Adel Mohammed Sarea
Issue:
Volume 4, Issue 5, October 2015
Pages:
216-227
Received:
21 July 2015
Accepted:
4 August 2015
Published:
13 August 2015
Abstract: This Study examines the association between five firm-specific characteristics and the level of compliance with International Accounting Standards (IAS 18) by listed Firms in Bahrain Bourse. A self-constructed compliance checklist was developed and the compliance index was derived to represent the level of compliance among publically traded firms in Bahrain Bourse for the year 2013 to IAS 18 disclosure requirements. The results detected an aggregate mean compliance of 63% to IAS 18 disclosure requirements. A significant positive relationship was found between the level of compliance and a company’s size, and auditor type. A significant negative relationship was found between the IAS 18 disclosure level and a company’s debt level (leverage). However, a significant relationship between the level of IAS 18 disclosure level and a company’s profits or age could not be established in this research. The results of this research can benefit investors and companies as well, as the results will determine what level of compliance to IAS 18 are listed companies in Bahrain Bourse are committed to, and how transparent are the revenues they are reporting in their financials
Abstract: This Study examines the association between five firm-specific characteristics and the level of compliance with International Accounting Standards (IAS 18) by listed Firms in Bahrain Bourse. A self-constructed compliance checklist was developed and the compliance index was derived to represent the level of compliance among publically traded firms i...
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Does Earnings Management Reflect Real Condition of Listed Companies or It Does Whitewashing
Bai Yinghui,
Xiong Yuanyuan,
Wang Binru
Issue:
Volume 4, Issue 5, October 2015
Pages:
228-236
Received:
21 July 2015
Accepted:
6 August 2015
Published:
13 August 2015
Abstract: This paper investigates the action、the motivation and the character of earnings management in the process of IPO using a sample of 281 IPO firms in the Growing Enterprise Market(GEM) of A-share market of Shenzhen Stock Exchange during 2009~2011. First, the evidence result shows that these listed companies revise earnings upwards in the year of issuance, while revise earnings downwards in the first year of post-IPO. Second, there is a significant correlation between these listed companies’ initial offering prices and the level of earnings management which illustrate one of the motivations of earnings management is the high initial offering price, even though this correlation between them is weak. Third, the level of earnings management of those listed companies who belong to manufacturing industry is less than that of those listed companies who don’t belong to manufacturing industry in the year of issuance.
Abstract: This paper investigates the action、the motivation and the character of earnings management in the process of IPO using a sample of 281 IPO firms in the Growing Enterprise Market(GEM) of A-share market of Shenzhen Stock Exchange during 2009~2011. First, the evidence result shows that these listed companies revise earnings upwards in the year of issu...
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Identifying Stakeholders in Land Use Management Process and Its Critical Factors in ASEAN
Tulus Tahi Hamonangan Tambunan
Issue:
Volume 4, Issue 5, October 2015
Pages:
237-249
Received:
22 July 2015
Accepted:
7 August 2015
Published:
13 August 2015
Abstract: The main aim of this qualitative-based research is two folds: to identify the main stakeholders who are directly and indirectly impacted by land and who have actually or potentially influence on land use management (LUM) and the critical factors which determine the smooth coordination and cooperation among stakeholders in member countries of the Association of Southeast Asian Nations (ASEAN). Through reviewing available key literature in individual ASEAN member states (AMSs), it shows that at the macro (aggregate)-level, there are three key stakeholders in LUM, i.e. government, companies, and community. Whereas, at the micro (disaggregate)-level, there can be a large number of stakeholders. With respect to government, many department or agencies may involve in LUM. One important finding of this study is that individual villagers or farmers are not always easy to be integrated in the land use planning and LUM; while farmer groups should be the engine of this integration
Abstract: The main aim of this qualitative-based research is two folds: to identify the main stakeholders who are directly and indirectly impacted by land and who have actually or potentially influence on land use management (LUM) and the critical factors which determine the smooth coordination and cooperation among stakeholders in member countries of the As...
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Conflict Resolution and Management: The Macro Perspective
Moses Onyesom,
Emeke Francis Igbesi
Issue:
Volume 4, Issue 5, October 2015
Pages:
250-255
Received:
22 July 2015
Accepted:
4 August 2015
Published:
13 August 2015
Abstract: Conflict is an inevitable phenomenon in this universe as long as humankind exists. This implies that conflict is natural to human nature. However, conflicts usually occur from the pursuit of divergent interests, goals and aspirations by individuals or groups in a defined social or physical environment. Thus, conflict is present when two or more parties perceive that their interests are incompatible, express hostile attitudes, or take, pursue their interests through actions that damage the other parties. Our contemporary world is experiencing varied dimensions of conflicts cutting across religious, tribal, national, racial and socio-cultural inclinations. These macro dimensions of conflicts are open or external expression of dissatisfaction of the aggrieved group which is aimed at injuring other group(s) or reducing if not totally eliminating the existing relationship between the groups. Conflict that has degenerated to macro level becomes difficult and complex for the parties involved to personally resolve their differences alone without the aid of external assistance. Hence, this paper addressed effective styles of conflict resolution and management from the macro perspective
Abstract: Conflict is an inevitable phenomenon in this universe as long as humankind exists. This implies that conflict is natural to human nature. However, conflicts usually occur from the pursuit of divergent interests, goals and aspirations by individuals or groups in a defined social or physical environment. Thus, conflict is present when two or more par...
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Development of a Health Workeforce Monitoring System in Greece
Christos Zilidis,
Catherine Kastanioti,
Nikos Polyzos,
John Yfantopoulos
Issue:
Volume 4, Issue 5, October 2015
Pages:
256-263
Received:
22 July 2015
Accepted:
8 August 2015
Published:
14 August 2015
Abstract: Background: Recent Greek economic crisis has had a mayor impact on healthcare system. A complete absence of planning human resources leeds to a need for healthcare workforce management tools, among them a re-distribution at a national and regional level following international indicators. Objectives: Aim of the study was to collect data on the current and future demand for and supply of human resources in the Greek health system, to map these data and finally to propose a model for future projections or actions. Methods: Data collected from various sources mainly of Ministry of Education for the supply and Ministry of Health for the demand. These data were aggregated in order tables to be standardized for future standard collection by these Ministries and the National Statistical Authority. The proposed model constitutes a combination between a stock-and-flow model and a workforce-to-population ratio approach. Results: Greece insists to an obvious oversupply of health professionals (over 7.000 annually), while demand can not absorb over 20-25% of these staff. Due to economic crisis, there is an urgent need for reinforcing especially public sector in terms of new hires mainly of nursing and midwifery staff, and re-distribution of all. Conclusions: The main results indicate that health policy makers could reach an optimal matching between future supply of and demand for healthcare workforce by adjusting the flexible supply components. This presupposes an accurate and stable system of data collection. On the demand side, it is also important to collect demographics and other related data that are more indicative of health needs
Abstract: Background: Recent Greek economic crisis has had a mayor impact on healthcare system. A complete absence of planning human resources leeds to a need for healthcare workforce management tools, among them a re-distribution at a national and regional level following international indicators. Objectives: Aim of the study was to collect data on the curr...
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An Impact of Banking Activities of Private Commercial Islamic Bank to Economic Development in Bangladesh: A Case Study on First Security Islami Bank Limited (FSIBL)
Md. Nazirul Islam Sarker,
Md. Harun Or Rashid
Issue:
Volume 4, Issue 5, October 2015
Pages:
264-272
Received:
21 July 2015
Accepted:
10 August 2015
Published:
19 August 2015
Abstract: Banks are the most important parts of the financial system of any country. Specially, developing country like Bangladesh, proper banking system is very important and essential to play a vital role, because capital market system in Bangladesh is not advanced like other country’s capital market. The study analyses published texts, articles, websites and annual report of this bank through a content analysis. Key findings of this study manifest the contribution of this bank in different areas of economic development in Bangladesh like generating employment, earning foreign remittance, strengthening rural economy, promoting ecology and green banking, boosting industrialization, developing the SMEs, assisting in foreign trade (import-export) and developing the housing sector etc. This study also identifies FSIBL’s significant contribution to the national exchequer. This paper contributes to the field of economic development of Bangladesh and the role of FSIBL behind it and fills the gap of literature in this specific area. The study suggests that Islamic banking has a great impact on the economic development in Bangladesh
Abstract: Banks are the most important parts of the financial system of any country. Specially, developing country like Bangladesh, proper banking system is very important and essential to play a vital role, because capital market system in Bangladesh is not advanced like other country’s capital market. The study analyses published texts, articles, websites ...
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Impact of Monetary Policy on Stock Price: Evidence from Bangladesh
Issue:
Volume 4, Issue 5, October 2015
Pages:
273-284
Received:
22 July 2015
Accepted:
7 August 2015
Published:
19 August 2015
Abstract: This study intends to explore the impact of monetary policy on the performance of stock market from the perspective of a developing country-namely Bangladesh. The issue of monetary policy has been a subject of debate among several financial economists since a long time. Monetary policy is basically that part of the macroeconomics, which aims to achieve a set of objectives that are, conveyed in terms of several macroeconomic variables such as inflation, real output, money supply, exchange rate etc. As a result, any change in the monetary policy will have an effect on these variables. Understanding the sensitivity of stock market with respect to these variables of monetary policy frameworks is very important, particularly to recognize the monetary policy mechanism transmission into the stock market. This paper investigates whether current economic activities or more specifically the monetary policy tools of Bangladesh can explain stock market returns by using a number of econometric models of measuring long-run and short-run relationship between monetary policy tools and stock price
Abstract: This study intends to explore the impact of monetary policy on the performance of stock market from the perspective of a developing country-namely Bangladesh. The issue of monetary policy has been a subject of debate among several financial economists since a long time. Monetary policy is basically that part of the macroeconomics, which aims to ach...
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Optimizing Customer Satisfaction by Using Kano’s Model for Eco-efficiency and Green Design
Issue:
Volume 4, Issue 5, October 2015
Pages:
285-290
Received:
20 July 2015
Accepted:
12 August 2015
Published:
19 August 2015
Abstract: This paper presents Kano model to measure customer satisfaction for the eco-efficiency and green design. This method can be used to support the designer for reducing the environmental impact of the product throughout its life cycle and as a supporting tool for designers to invent novel, useful, and environmentally friendly products, our approach is to develop this method by linking concepts from marketing and environments to show the competitive advantage of creating a high level of customer satisfaction by adopting the requirements of the eco-efficiency and green design. For that I will begins with a brief discussion for the eco-efficiency and green design then identify the requirements of the eco-efficiency and green design and lastly propose Kano model to measure customer satisfaction for the eco-efficiency and green design. Kano’s model of customer satisfaction, a methodology is introduced which determines which influence the components of products and services have on customer satisfaction. And also demonstrate how the results of a customer survey can be interpreted and how conclusions can be drawn and used to demonstrate the customer satisfaction for eco-efficiency and green design. As we see the result of the study shows that the eco-efficiency and green design for the goods and services have a competitive advantage
Abstract: This paper presents Kano model to measure customer satisfaction for the eco-efficiency and green design. This method can be used to support the designer for reducing the environmental impact of the product throughout its life cycle and as a supporting tool for designers to invent novel, useful, and environmentally friendly products, our approach is...
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