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The Threshold Effect of Inflation on Capital Market Performance: A Case of Ghana Stock Exchange
Issue:
Volume 5, Issue 4, December 2020
Pages:
199-207
Received:
26 September 2020
Accepted:
15 October 2020
Published:
30 October 2020
Abstract: The purpose of this study is to investigate the threshold effect of inflation on capital market performance. The study employed a Threshold Autoregressive model introduced by Tong (1978) and Hansen (1996). The study used secondary quarter-time series data for thirty-years from 1990 to 2019. The capital market performance was measured by the value of shares traded; market turnover; market capitalization and all-shares index. However, the results revealed the following estimated threshold level of inflation for each performance indicator: 3.77%; 4.12%; 4.15%, and 4.22% respectively. In all, the threshold level of inflation estimated was between 3 to 4%. The findings suggest that low inflation is performance-enhancing. Besides, inflation above the threshold level is detrimental to the capital market performance. The study further concluded that the exchange rate equally affects the performance of the capital market. The findings of this investigation might be helpful to the government of Ghana and policymakers as they settle on an inflation target to adopt to avoid the detrimental effects of high inflation while obtaining the growth benefits of low inflation.
Abstract: The purpose of this study is to investigate the threshold effect of inflation on capital market performance. The study employed a Threshold Autoregressive model introduced by Tong (1978) and Hansen (1996). The study used secondary quarter-time series data for thirty-years from 1990 to 2019. The capital market performance was measured by the value o...
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Influence of Career Development on Performance of Local Non-Governmental Organizations in Kenya
Sebastian Muthama Muema,
Lawrence Odollo
Issue:
Volume 5, Issue 4, December 2020
Pages:
208-213
Received:
11 October 2020
Accepted:
22 October 2020
Published:
30 October 2020
Abstract: Career development in the recent past has received more attention not only as a concern for the management of human resources, but also as institutional strategic management component for ensuring performance and growth. The purpose of this study therefore was to establish the career development practices on performance of local non-governmental organizations in Kenya. The unit of analysis was the employees working with these local non-governmental organizations. A sample of two hundred and ten employees was drawn from the population. The study used purposive and stratified sampling to sample ten local non-governmental organizations from which simple random sampling was used to get the sample size. The study adopted a cross sectional design. The main instrument for collecting primary data was a questionnaire. Each participating organization filled ten questionnaires. Descriptive and Inferential analysis were used to determine the strength of association between career development and organizational performance. The findings revealed that career development has a significant effects on internal business and significantly contributes to performance of Non-Governmental Organizations. Based on the findings and conclusions, the study recommends that there is need for the NGOs to have well documented human resource plans as well as mechanisms to operationalize them; this should be done with the participation of all the staff and frequent feedback taken for possible modifications. There is need for top management to be sensitized on the potential influence of human resource planning and organizational performance to win their commitment and support.
Abstract: Career development in the recent past has received more attention not only as a concern for the management of human resources, but also as institutional strategic management component for ensuring performance and growth. The purpose of this study therefore was to establish the career development practices on performance of local non-governmental or...
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Neighborhood Security and Housing Price in Amuwo-Odofin Local Government Area of Lagos State
Olalekan Dimeji Bamiteko,
Oyeyemi Omodadepo Adebiyi
Issue:
Volume 5, Issue 4, December 2020
Pages:
214-218
Received:
7 October 2020
Accepted:
30 October 2020
Published:
9 November 2020
Abstract: This research work identified the neighborhood security measures in Amuwo-Odofin Local Government Area (LGA). It also examined the relationship between neighborhood security measures and housing price in the LGA. The study employed primary data and surveyed 140 residents of the LGA through multistage sampling technique. Tables and Pearson’s Correlation Coefficient (PPC) were used to analyze the data. The result showed that theft constitute the modal class of crime, followed by; breaking into homes, violence and robbery. Also, the used of burglary proofs, special doors and windows in houses, OPC and vigilantes have been identified to be the neighborhood security measures put in place in the LGA. From the Pearson Correlation Coefficient, houses with gatemen commands a highest price (PCC=0.71). While houses that are closer to the police station/security outfit (PCC=0.61) and houses with street’s local security or vigilante (PCC=0.56) has higher prices. Crime rate has a negative relationship with housing price. The study concluded that the community of Amuwo-Odofin LGA put neighborhood security measures in place and these security measures have a positive relationship on price of housing in the LGA.
Abstract: This research work identified the neighborhood security measures in Amuwo-Odofin Local Government Area (LGA). It also examined the relationship between neighborhood security measures and housing price in the LGA. The study employed primary data and surveyed 140 residents of the LGA through multistage sampling technique. Tables and Pearson’s Correla...
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Influence of Succession Planning Practices on Performance of Local Non-governmental Organizations in Kenya
Sebastian Muthama Muema,
Lawrence Odollo
Issue:
Volume 5, Issue 4, December 2020
Pages:
219-223
Received:
11 October 2020
Accepted:
2 November 2020
Published:
9 November 2020
Abstract: Succession planning in the recent past has received more attention not only as a concern for the management of human resources, but also as institutional strategic management component for ensuring performance and growth. The purpose of this study therefore was to establish the succession planning practices on performance of non-governmental organizations in Kenya. The study was motivated by recent collapse in non-governmental organizations in Kenya owing to leadership wrangles after the exit of key officials. A correlational research design was adopted for the study. The data was obtained from the council of NGOs in Kenya. The target population consisted of ten local non-governmental organizations located within Nairobi County. The unit of analysis was the employees working with these Non-governmental organizations. A sample of employees was drawn from the population. The study used purposive and stratified sampling to sample ten non-governmental organizations from which simple random sampling was used to get the sample size. The main instrument for collecting primary data was a questionnaire. Each participating organization filled 10 questionnaires. The statistical analysis included; descriptive statistics and inferential statistics to determine the strength of a relationship between variables to establish the strength of association between dependent and independent variables.
Abstract: Succession planning in the recent past has received more attention not only as a concern for the management of human resources, but also as institutional strategic management component for ensuring performance and growth. The purpose of this study therefore was to establish the succession planning practices on performance of non-governmental organi...
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Effect of the Real Exchange Rate on the Sustainability of Current Account Deficits in Sub-Saharan African Countries
Issue:
Volume 5, Issue 4, December 2020
Pages:
224-238
Received:
24 October 2020
Accepted:
10 November 2020
Published:
19 November 2020
Abstract: Sub-Saharan African countries run many current account deficits in the context of the new world economic order, namely globalization. The theoretical literature reveals that the real exchange rate improves the sustainability of the current account deficit, the effect of which may differ according to the type of exchange rate regime. Empirically, the authors are not unanimous on this issue. This paper analyses the effect of the real exchange rate on the sustainability of current account deficits in Sub-Saharan African countries over the period 1980-2016. Using a logit model applied to a panel of 38 countries and estimated using the maximum likelihood method, it appears that the depreciation of the real exchange rate has a positive effect on the sustainability of the current account deficit. This effect depends on the type of exchange regime. Under a floating exchange rate regime, the real exchange rate acts positively on the sustainability of the current account deficit when this rate is less than or equal to 250. On the other hand, under an intermediate exchange rate regime, the real exchange rate increases the sustainability of the current account deficit when the rate is between 275 and 600. In the case of the fixed exchange rate regime, the real exchange rate has a positive effect on the sustainability of the current account deficit if the rate is greater than or equal to 700. In the light of these results, the paper suggests to policymakers, the use of the real exchange rate to improve the sustainability of current account deficits. These policymakers should use real exchange rates below 250 for countries adopting a floating exchange rate regime, between 275 and 600 for the intermediate exchange rate regime, and greater than 700 for the fixed exchange rate regime.
Abstract: Sub-Saharan African countries run many current account deficits in the context of the new world economic order, namely globalization. The theoretical literature reveals that the real exchange rate improves the sustainability of the current account deficit, the effect of which may differ according to the type of exchange rate regime. Empirically, th...
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Effects of Advertisement on Soft Drinks Consumer’s Behaviour in Maputo Province
Issue:
Volume 5, Issue 4, December 2020
Pages:
239-243
Received:
28 August 2020
Accepted:
12 November 2020
Published:
23 November 2020
Abstract: This research aims to examine the effects of advertising on soft drinks consumer’s behaviour in Maputo province, Mozambique. Study objectives targeted the impact of soft drinks advertisement on consumers’ behaviour, to identify types of soft drink advertisements are frequently used in the Mozambican market and to determine the impact these ads have on consumer’s decision. For this purpose 254 consumers of various age were surveyed to identify types of advertisement that soft drinks consumers often have access to, the correlation between the consumption of soft drinks and advertisement and the effect of their drinking on consumers' lives. Different groups of soft drinks consumers were surveyed to identify the types of advertising they frequently have access to. This research employs qualitative and quantitative analysis and data were collected based on questionnaires on the effect of advertising on consumption of soft drinks in Maputo province. Results were presented in frequency averages, and percentages considering the significance level of 0.05. Therefore it was concluded that advertising has a direct influence on soft drinks consumer’s behaviour and it’s determining their grit to purchase the products advertised through advertising campaigns.
Abstract: This research aims to examine the effects of advertising on soft drinks consumer’s behaviour in Maputo province, Mozambique. Study objectives targeted the impact of soft drinks advertisement on consumers’ behaviour, to identify types of soft drink advertisements are frequently used in the Mozambican market and to determine the impact these ads have...
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Portfolio Management and Profitability of Commercial Banks
Andrews Doeh Agblobi,
Oscar Tornam Yaw Kuhorfah,
Prisca Asamoah
Issue:
Volume 5, Issue 4, December 2020
Pages:
244-248
Received:
11 November 2020
Accepted:
23 November 2020
Published:
30 November 2020
Abstract: Banks optimally invest to earn profit as they consider the associated risks with such portfolio management. Portfolio management is a medium by which the banks hold investment due from other banks, purchase Government securities and invest in subsidiaries. This paper investigates the effect of banks’ portfolio management on profitability. Five commercial banks that are listed on the Ghana Stock Exchange were randomly selected for the study. Data on the total market value of Government securities, investment in subsidiaries and due from other banks were collected from the Bank of Ghana and the Ghana Stock Exchange between 2008 and 2017. As panel study, we regress portfolio management on profitability. The findings show that holding of government securities and investing in subsidiaries have a significant positive effect on the profitability of banks in Ghana. The findings also show that non-performing loans have a significant negative effect on the profitability of the banks. Therefore, it is recommended that banks should develop a balance between holding government securities and investing in subsidiaries to improve upon its profitability. The banks should also double their efforts to reduce their non-performing loans by enhancing the skills of its officers, strengthening its due diligence procedures and intensify monitoring activities.
Abstract: Banks optimally invest to earn profit as they consider the associated risks with such portfolio management. Portfolio management is a medium by which the banks hold investment due from other banks, purchase Government securities and invest in subsidiaries. This paper investigates the effect of banks’ portfolio management on profitability. Five comm...
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