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Measuring the Effect of Confirmatory Bias on the Level of Investment at the Rwandan Stock Market
Jacob Niyoyita Mahina,
Wilson Bashaija
Issue:
Volume 4, Issue 3, May 2018
Pages:
67-74
Received:
1 April 2018
Accepted:
26 April 2018
Published:
12 July 2018
Abstract: Behavioural finance is still a new arear which attempt to better understand and explain how emotional and cognitive errors influence investment on the stock markets. The main objective of this study was to establish the effect of confirmatory bias on investment in the Rwanda Stock Exchange. The study used cross-sectional descriptive survey research design to ascertain and establish the effect of behavioural biases on investment in the Rwanda stock exchange. The target population comprised of 13,543 individual, group investors at the Rwanda Stock Exchange. Random sampling was used where the targeted population was individual investors to finally yield a sample size of 374 respondents. A questionnaire was used to collect the primary data. A pilot test was undertaken by carrying out a small scale trial run of the research instrument. Data analysis involved the use of descriptive and inferential statistics. A Linear regression model was used to predict the probability of different possibility outcomes of dependent variables, helping to predict the probability of an investor to invest in RSE. The results confirmed that there was a significant positive linear relationship between confirmatory bias and Investment in Rwanda stock market. The study also concluded that most investors suffered from confirmatory bias in investment in stock markets. The study recommends that investors should be keen to identify such bias to increase their rationality in stock trading.
Abstract: Behavioural finance is still a new arear which attempt to better understand and explain how emotional and cognitive errors influence investment on the stock markets. The main objective of this study was to establish the effect of confirmatory bias on investment in the Rwanda Stock Exchange. The study used cross-sectional descriptive survey research...
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Effect of Risk Management on Financial Stability of Micro Finance Institutions in Rwanda
Wilson Bashaija,
Jacob Niyoyita Mahina
Issue:
Volume 4, Issue 3, May 2018
Pages:
75-79
Received:
1 April 2018
Accepted:
31 May 2018
Published:
5 September 2018
Abstract: The study sought to establish the effect of risk management on financial stability of micro finance institutions in Rwanda. In Rwandan perspective, financial system is still relatively shallow and thus potential impact on financial stability. The researcher used Theory of Corporate Risk Management. Research Design, Population, Sampling Frame and Size, Data Collection Instruments, Data Collection Procedure, Pilot Test, Reliability of the Instrument, Validity, and Data Processing and analysis were used during the study. Data analysis was descriptive statistics and inferential statistics using Statistical Packages for Social Sciences (SPSS) version 21. SPSS produced frequencies, descriptive and inferential statistics which was used to derive conclusions and generalizations regarding the population. The analysis of variance (ANOVA) was checked to reveal the overall model of significance. A critical p value of 0.05 was used to determine whether the overall model is significant or not. The results were indicated that as per the variable. Risk management has a positive and significant effect on compliance and financial stability on Financial Stability of MFI. The study recommended that there must be a policy for the MFI to try to stick to one bank in order to create a good relationship with the bank. The study also recommends that the government of Rwandans should timely review the timelines set for completing their full risk-based assessment of the effectiveness of their financial reporting controls and for addressing identified gaps and weaknesses, to ensure that they are timely reported.
Abstract: The study sought to establish the effect of risk management on financial stability of micro finance institutions in Rwanda. In Rwandan perspective, financial system is still relatively shallow and thus potential impact on financial stability. The researcher used Theory of Corporate Risk Management. Research Design, Population, Sampling Frame and Si...
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Study on Cold Chain Technology Investment Decision of Dual Channel Aquatic Supply Chain Under the Background of Maritime Silk Road
Miao-Ling Liu,
Bing-Cheng Yang
Issue:
Volume 4, Issue 3, May 2018
Pages:
80-87
Received:
15 June 2018
Accepted:
17 August 2018
Published:
17 September 2018
Abstract: The Maritime Silk Road strategy brings more market opportunities to Zhanjiang's aquatic export trade, and further challenges to the quality and safety of aquatic products. As an effective technology to solve the problem of aquatic products safety in export trade, cold chain technology is designed to solve the problem of decision-making on cold chain technology in aquaculture enterprises. In this paper, a dual channel fishery supply chain is taken as the object. The investment model method is used to analyze the situation of the producer / retailer joint investment or non investment cold chain technology, and the influence of cold chain technology on the dual channel aquaculture supply chain investment and the problem of the coordination of the dual channel supply chain under the multiparty joint investment are studied. The research shows that the increase of the electronic commerce channel and the increase of food safety risk increases the sales price of electronic commerce channels and traditional retail channels, while the increase of the traditional retail channels of aquatic products corruption and food safety risks only increases the sale price of their own channels, and it will affect the sale of electronic commerce channels. If the cost of cold chain technology is lower than the cost of aquatic product corruption or food safety, cold chain technology can reduce the price of traditional retail channels and electronic commerce channels and increase the total market demand. This paper provides a new perspective for the application of cold chain technology, and also has a certain guiding significance for practice.
Abstract: The Maritime Silk Road strategy brings more market opportunities to Zhanjiang's aquatic export trade, and further challenges to the quality and safety of aquatic products. As an effective technology to solve the problem of aquatic products safety in export trade, cold chain technology is designed to solve the problem of decision-making on cold chai...
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Research and Prospect on Healthy Meat Consumption of Urban and Rural Residents
Xiao Ying,
Liu Senhui,
Cao Jianmin
Issue:
Volume 4, Issue 3, May 2018
Pages:
88-91
Received:
25 July 2018
Accepted:
23 August 2018
Published:
25 September 2018
Abstract: Meat consumption has always been an important issue concerned by socio-economic researchers. Meat is recognized by most consumers for its ability to provide nutrients other than grains. As the economy improves, residents choose to consume more meat products. Of course, some consumers think that too much meat consumption is bad for their health, they will choose to reduce their consumption of meat products. Combined with the influence of regional culture and national customs, meat consumption varies greatly from country to country and even from country to country. So, is there a healthy standard for meat consumption? This issue has attracted the attention of all countries in the world and reached a consensus conclusion: it is suggested that the consumption structure of cereals and meat should be balanced and reasonable. Most countries have developed scientific dietary guidelines based on the health of their citizens. However, examine the dietary guidelines standards and the actual meat consumption of residents in various countries, it can be found that some residents have a serious shortage of meat consumption, and the meat consumption of other residents far exceeds the guideline recommendation. Many scientific studies have found that under consumption of meat and overconsumption of meat can cause a variety of diseases, the end result will not only consume the accumulation of personal wealth but also hinder the overall development of the country. So, how to guide the healthy development of meat consumption should be a special concern of governments and researchers. Given the importance of healthy meat consumption, this study reviews the influencing factors of meat consumption in recent years and the guiding policies of healthy meat consumption in various countries, this paper studies the healthy meat consumption of urban and rural residents in China, and puts forward the research plan and plan for the future research of this problem.
Abstract: Meat consumption has always been an important issue concerned by socio-economic researchers. Meat is recognized by most consumers for its ability to provide nutrients other than grains. As the economy improves, residents choose to consume more meat products. Of course, some consumers think that too much meat consumption is bad for their health, the...
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Analysis and Reference of the Profit Structure of MTR
Issue:
Volume 4, Issue 3, May 2018
Pages:
92-100
Received:
21 June 2018
Accepted:
17 August 2018
Published:
8 October 2018
Abstract: As the backbone of urban public transport, metro has a great promoting effect on the development of social economy. However, most metro companies suffer losses in the world. With the expansion of business scope, the diversification of business types and increased profit channels, MTR has become one of the models of the global railway operation industry. To refer to MTR's management experience, and explore its key business to realize profit and its practical lessons, it’s necessary to analyze the profit structure of MTR from 2012 to 2014. According to characteristic of MTR business, the profit structure is reconstructed as three major business sectors: passenger transport and its related business, property and its related business, and other business, and the profit structure from 2012 to 2014 is analyzed from total profit constitution and profit source structure. The results show that MTR’s profit source structure is highly consistent with its business model “Railway + Property”, its passenger transport and property all have strong profitability and each accounting for half of the total profit. For the metro enterprises in mainland China, it should adhere to the development pattern of “Metro + Property” and give full play to the linkage effect of metro and property development, so as to achieve self-sustainable development. It should not only manage well passenger transport and its related businesses, but also manage well property and its related businesses. At the same time, it is also of great significance to explore the flexible fare adjustment mechanism, control and reduce the cost of passenger transport and innovate the valuation model of investment property, etc.
Abstract: As the backbone of urban public transport, metro has a great promoting effect on the development of social economy. However, most metro companies suffer losses in the world. With the expansion of business scope, the diversification of business types and increased profit channels, MTR has become one of the models of the global railway operation indu...
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