International Journal of Economics, Finance and Management Sciences

Volume 2, Issue 2, April 2014

  • The Role of Human Resource Costing in Assisting Investors to Appraise the Human Assets of a Business Enterprise

    Alnasser Nabil Mahmoud, Shaban Osama Samih, Atieh Abdallah K

    Issue: Volume 2, Issue 2, April 2014
    Pages: 117-122
    Received: Jan. 29, 2014
    Accepted:
    Published: Mar. 10, 2014
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    Abstract: This research study aims to contribute in modifying the current accounting practice through recognizing investments in human resources as an asset cost. The current study try to explain that, the original cost of human resource is the sacrifice that was actually incurred to acquire and develop people. The current accounting practices for human ass... Show More
  • A Study on Analysis of Managerial Attitudes towards ISO 9001: 2008 Quality Management System Introduction and Implementation Process in Sri Lanka

    P. M. C. Thilakarathne, S. K. C. Chithrangani

    Issue: Volume 2, Issue 2, April 2014
    Pages: 123-131
    Received: Jan. 13, 2014
    Accepted:
    Published: Mar. 10, 2014
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    Abstract: ISO certification is expected to help organizations to enhance quality and efficiency, improve communications, achieve competitive advantage and to increase in market share, reduce costs and achieve a high stock price. The successful implementation of the ISO 9001: 2008 quality management system standard depends on how the standard is perceived by ... Show More
  • Exploring Internal Auditor Independence Motivators: Kenyan Perspective

    Charles Guandaru Kamau, Samuel Kariuki Nduati, Agnes Ndinda Mutiso

    Issue: Volume 2, Issue 2, April 2014
    Pages: 132-137
    Received: Feb. 18, 2014
    Accepted:
    Published: Mar. 20, 2014
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    Abstract: The institute of internal auditors expressed the role of internal audit as that providing objective assurance and consulting services designed to add value and improve an organization’s operations. In performing this role the internal auditors are required by the international standards to exercise professional independence and objectivity. Audit i... Show More
  • Statistical Characteristics of Jakarta Composite Index (JCI) Dynamics based on Short Term Data Represented in Candles

    Pasrun Adam, La Gubu, Edi Cahyono Cahyono

    Issue: Volume 2, Issue 2, April 2014
    Pages: 138-142
    Received: Feb. 22, 2014
    Accepted:
    Published: Mar. 20, 2014
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    Abstract: This paper presents the dynamics of Jakarta Composite Index (JCI) where the data were observed daily from January 2008 to October 2012. The data are presented in candle forms, as often used in online trading software. Statistical analysis on the average and the variance is applied on every month candle representations. The average and the standard ... Show More
  • Determinants of Risk Tolerance

    Christoph S. Weber

    Issue: Volume 2, Issue 2, April 2014
    Pages: 143-152
    Received: Feb. 21, 2014
    Accepted:
    Published: Mar. 30, 2014
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    Abstract: Risk aversion is an important factor in explaining many everyday decisions. Thus, one asks which determinants can explain different attitudes towards risk. Several studies show different risk attitudes with respect to gender, age, income, and wealth (e.g. [19]). While these findings are hardly controversial, there is still some uncertainty about th... Show More
  • Nigeria’s Oil Rent can still Count: Lessons from Kuwait

    Olusegun Barnabas Obasaju, Babatunde Sunday Adekunle, David Eseosa Obadiaru

    Issue: Volume 2, Issue 2, April 2014
    Pages: 153-158
    Received: Dec. 26, 2013
    Accepted:
    Published: Mar. 30, 2014
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    Abstract: Nigeria and Kuwait were former British colonies, both having oil-based economies with exports of over 2.4 million barrels of oil per day and oil exports accounting for a clear majority of their export earnings. But funnily enough, the standards of living of the citizens of these two are poles apart as Kuwait’s oil rent has been successfully used to... Show More
  • Assessing Foreign Exchange Risk Associated to a Public Debt Portfolio in Ghana Using the Value at Risk Technique

    Alice Constance Mensah, Ebenezer Okyere, Osei Antwi, Prince Kumi, Joseph Dadzie, Martin Owusu Amoamah

    Issue: Volume 2, Issue 2, April 2014
    Pages: 159-163
    Received: Jan. 30, 2014
    Accepted:
    Published: Mar. 30, 2014
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    Abstract: VaR is a potential loss. The VaR methodology gives the definition to risk-based capital, or economic capital and confidence level reflects the risk appetite of the bank. This work is a delta-normal VaR application in the case of the Ghanaian economy. It assesses the exchange risk associated to the Ghana public debt portfolio. We used daily spot exc... Show More
  • Assessing Project Management Maturity in the Area of Knowledge Management in Select Companies

    Seweryn Spalek

    Issue: Volume 2, Issue 2, April 2014
    Pages: 164-170
    Received: Mar. 07, 2014
    Accepted: Apr. 08, 2014
    Published: Apr. 10, 2014
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    Abstract: Project management is of high significance for companies nowadays. This is of special interest for those organizations which operate in the multi-project environment. For them, it is crucial to find out how good they are at managing projects. To that end, the project management maturity assessment concept was developed. However, getting a picture o... Show More
  • Stock Market Development and Economic Growth: Empirical Evidence for Emerging Market Economies

    Abiy Hailemariam, Chi Guotai

    Issue: Volume 2, Issue 2, April 2014
    Pages: 171-181
    Received: Mar. 17, 2014
    Accepted: Apr. 09, 2014
    Published: Apr. 10, 2014
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    Abstract: Contemporary economies of developing countries are changing due to rapid changes in the world economy. The economies of emerging market countries are witnessing changes in the composition of capital flows because world stock markets are expanding rapidly. Foreign direct investment and stock market boom are the indicators of the changing world econo... Show More
  • Investment in Treasury Bills and Treasury Bonds in 2013: A Study of Bangladesh

    Bijoy Chandra Das

    Issue: Volume 2, Issue 2, April 2014
    Pages: 182-187
    Received: Mar. 25, 2014
    Accepted: Apr. 11, 2014
    Published: Apr. 20, 2014
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    Abstract: This paper investigates that the excess investment in Treasury Bills & Treasury Bonds in 2013 in Bangladesh was more profitable than other investment such as loans & advances for Banks (Conventional Commercial Banks) & other Financial Institutions (FIs). In 2013, country's political situation was fully disfavor of real sector investment and Banks d... Show More
  • The Impact of Foreign Direct Investment on Capital Formation in Nigeria: A Co-Integration Approach

    Ugwuegbe, Sebastine Ugochukwu, Modebe, Nwanneka Judith, Onyeanu Edith

    Issue: Volume 2, Issue 2, April 2014
    Pages: 188-196
    Received: Jan. 05, 2014
    Accepted: Apr. 16, 2014
    Published: Apr. 20, 2014
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    Abstract: In this work, we investigated the impact of FDI on capital accumulation in Nigeria for the period of 1986-2012. The data was generated from CBN statistical bulletin, OLS method of estimation was adopted for the analysis of the data generated. ADF test was applied to determine the stationarity of the variables and all the variables were integrated a... Show More
  • Productivity and Profitability Analysis of Nationalized Commercial Banks (NCBs) in Bangladesh

    Md. Imtiaj Rahman, Debasish Adhikary, Salahuddin Yousuf

    Issue: Volume 2, Issue 2, April 2014
    Pages: 197-205
    Received: Mar. 29, 2014
    Accepted: Apr. 10, 2014
    Published: Apr. 20, 2014
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    Abstract: Banks, the leading financial institutions, are the major contributors in the economic & financial development of Bangladesh. Performance of banking sector in Bangladesh has invited a lot of comments in recent years. It is no doubt an important problem. Profitability, productivity and associated risks to these two components are the major criteria f... Show More