IOSR Journal of Economics and Finance最新文献_第2页

Financing Crunch on Islamic Banking And Monetary Stability In Indonesia 融资危机对印尼伊斯兰银行和货币稳定的影响

IOSR Journal of Economics and Finance Pub Date : 2017-07-01 DOI: 10.9790/5933-0804022532

S. Sugianto

引用次数: 0

RBI„S Initiative in Promoting Financial Literacy A Study with Special Reference to Mumbai 印度储备银行促进金融知识普及的举措——以孟买为例的研究

IOSR Journal of Economics and Finance Pub Date : 2017-07-01 DOI: 10.9790/5933-0804016271

S. Kumari

{"title":"RBI„S Initiative in Promoting Financial Literacy A Study with Special Reference to Mumbai","authors":"S. Kumari","doi":"10.9790/5933-0804016271","DOIUrl":"https://doi.org/10.9790/5933-0804016271","url":null,"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 people. The Reserve bank of India has been actively engaged in development of various financial literacy programs in the recent years This study is motivated by the need to determine common man’s ability to understand and use financial information, the impact of financial literacy programs and the role of central bank in creating more financially savvy consumers. The major objectives of this study are to study and understand the different financial literacy programs of the Reserve bank of India and to measure the effectiveness of financial literacy programs. An attempt has also been made to determine the level of financial literacy among target group and to identify the factors having an influence on financial behavior and attitude. The study has great implication for policy makers and developers of financial literacy programs .The study will be particularly useful to investors in better financial decision making and creating awareness about the importance of financial education. It will also provide a platform for future research covering the role of SEBI, government, academicians, private banks and other financial bodies in field of financial literacy","PeriodicalId":387621,"journal":{"name":"IOSR Journal of Economics and Finance","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124196867","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Effect of Internal Controls on the Financial Performance of Commercial Banks in Kenya 内部控制对肯尼亚商业银行财务绩效的影响

IOSR Journal of Economics and Finance Pub Date : 2017-07-01 DOI: 10.9790/5933-08030492105

Mr. Asiligwa, G. Rennox

{"title":"The Effect of Internal Controls on the Financial Performance of Commercial Banks in Kenya","authors":"Mr. Asiligwa, G. Rennox","doi":"10.9790/5933-08030492105","DOIUrl":"https://doi.org/10.9790/5933-08030492105","url":null,"abstract":"The objective of the research was to establish the Effect of Internal Controls on Financial Performance of Commercial Banks in Kenya. Internal Controls were measured using the five elements of internal control as stipulated by the Committee of Sponsoring organizations of Treadway Commission framework of internal controls while Financial Performance was measured using the historical average of Return on Equity. A descriptive research design was adopted due to its ability to describe the relationship between elements of Internal Controls and Financial Performance. The study used the 43 commercial banks in Kenya. Primary data was collected using a structured questionnaire. Descriptive statistics obtained from data analysis were presented using frequency tables, while inferential data findings were presented using correlation and regression tables. The study findings revealed that the banking sector enjoys a strong financial performance partly because of implementing and maintaining effective internal controls. The existence of effective internal control is attributed to the highly regulated and structured environment in the banking sector. The study recommends banks should effectively implement and maintain internal controls due to the nature of the riskiness of the banking sector and its impact on financial performance.","PeriodicalId":387621,"journal":{"name":"IOSR Journal of Economics and Finance","volume":"53 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128276844","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 37

ICT Management Information System for Rural India: A Bottomline for Indian GDP 印度农村ICT管理信息系统:印度GDP的底线

IOSR Journal of Economics and Finance Pub Date : 2017-07-01 DOI: 10.9790/5933-0804015661

T. Sharma, Kunal Vashisth, Sangeeta Sharma

{"title":"ICT Management Information System for Rural India: A Bottomline for Indian GDP","authors":"T. Sharma, Kunal Vashisth, Sangeeta Sharma","doi":"10.9790/5933-0804015661","DOIUrl":"https://doi.org/10.9790/5933-0804015661","url":null,"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 uninterrupted 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. There is a huge gap between urban and rural India in beneficial usage of ICT application. Indian masses have been well recognized by world in their knowledge economy for initiating and implementing best ICT solutions worldwide. This empirical research paper investigates the scope of implementing an economical affordable ICT solution for rural India by most efficient, economically affordable and sustainable ICT solution for globalizing rural hands. Universe of this study comprises of a cluster of twenty five villages of rural Haryana in Hisar District. It was interesting to note that even illiterate rural use some or other ICT device and they also recognize its significance yet remains handicapped of its benefits. The central argument of this work is that economical spread of optical fiber in assistance with local governance and CSR of private companies can not only play a pivotal role in reducing deprivation indicators of rural India but also open up new avenues to global economy. Furthermore, usage of affordable cloud application has been evaluated as one of the best ICT solution for rural development doctrine.","PeriodicalId":387621,"journal":{"name":"IOSR Journal of Economics and Finance","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134374218","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Informal Sectors and Unemployment in Nigeria: A Vector Error Correction Model (VECM) Approach 尼日利亚非正规部门与失业:矢量误差修正模型(VECM)方法

IOSR Journal of Economics and Finance Pub Date : 2017-07-01 DOI: 10.9790/5933-0804021624

Messiah Abaka John, Philip Olabode Olofin

引用次数: 1

Impact of Monetary Policy (Interest Rate) Regimes on the Performance of the Banking Sector in Nigeria 货币政策(利率)制度对尼日利亚银行业绩效的影响

IOSR Journal of Economics and Finance Pub Date : 2017-07-01 DOI: 10.9790/5933-0804011632

Ndubuaku Victor C, Ifeanyi Ozioma., Nze Chiaka, Onyemere Samuel

{"title":"Impact of Monetary Policy (Interest Rate) Regimes on the Performance of the Banking Sector in Nigeria","authors":"Ndubuaku Victor C, Ifeanyi Ozioma., Nze Chiaka, Onyemere Samuel","doi":"10.9790/5933-0804011632","DOIUrl":"https://doi.org/10.9790/5933-0804011632","url":null,"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. Monetary Policy Rate was the independent variable while Total Assets Value, Deposit Mobilization, Loans and Advances and Credit to the Private Sector were the dependent variable in different regression equations. The study discovered that Monetary Policy Rate during the SAP Period did not have significant impact on the Total Assets Value, Deposit Mobilization, Loans and Advances and Credit to the Private Sector while Monetary Policy Rate during the Post SAP Period had significant impact on the Total Assets Value, Deposit Mobilization, Loans and Advances and Credit to the Private Sector respectively. The paper recommended that policy makers should administer the Monetary Policy instruments to ensure they are effective in generating and stimulating the desired level of economic activity in the banking sector. It further recommended that political interferences which distort the performance in the banking industry be minimized.","PeriodicalId":387621,"journal":{"name":"IOSR Journal of Economics and Finance","volume":"08 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129768620","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 13

The Mediating Effect of Firm Growth on the Relationship between Capital Structures and Value of Nonfinancial Firms listed at the Nairobi Securities Exchange (NSE 企业成长对奈洛比证券交易所非金融上市公司资本结构与价值关系的中介作用

IOSR Journal of Economics and Finance Pub Date : 2017-07-01 DOI: 10.9790/5933-0804014146

D. Ater, Sifunjo e. Kisaka, Cyrus Iraya, M. Mwangi

{"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","authors":"D. Ater, Sifunjo e. Kisaka, Cyrus Iraya, M. Mwangi","doi":"10.9790/5933-0804014146","DOIUrl":"https://doi.org/10.9790/5933-0804014146","url":null,"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 decisionmaking because of the interrelationships with other components of financial decision. Findings pointed that firm growth has a significant mediating effect and is thus a critical tool that can be used by management when doing capital structures adjustments to ensure efficiency and optimality as firms grow. Policy makers are expected to adopt the results in monitoring listed firms’ investment and funds are raised in the capital markets to reduce the delisting of companies from the NSE owing to non-performance. Capital structure, financial performance, Firm growth, firm value, macroeconomic factors","PeriodicalId":387621,"journal":{"name":"IOSR Journal of Economics and Finance","volume":"73 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125686280","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3

Quantitative analysis of Operational Risk and Profitability of Kenyan Commercial Banks using Cost Income Ratio 运用成本收入比定量分析肯尼亚商业银行的操作风险与盈利能力

IOSR Journal of Economics and Finance Pub Date : 2017-06-01 DOI: 10.9790/5933-0803047683

Dr.Jane Gathigia Muriithi

引用次数: 8

Influence of Tax Shield on Capital Structure of Private Manufacturing Firms in Kenya 税收盾对肯尼亚民营制造业企业资本结构的影响

IOSR Journal of Economics and Finance Pub Date : 2017-06-01 DOI: 10.9790/5933-0803044753

Abraham Malenya, Dr.Tobias Olweny, Dr.Mbithi Mutua, D. Mukanzi

{"title":"Influence of Tax Shield on Capital Structure of Private Manufacturing Firms in Kenya","authors":"Abraham Malenya, Dr.Tobias Olweny, Dr.Mbithi Mutua, D. Mukanzi","doi":"10.9790/5933-0803044753","DOIUrl":"https://doi.org/10.9790/5933-0803044753","url":null,"abstract":"The main objective of the study was to determine the influence of tax shield on capital structure of private manufacturing firms in Kenya. The measure of tax shield for this research is corporation tax on interest on debt. Ascertaining and attaining an optimal capital structure for many firms is not an easy task. In Kenya many manufacturing firms are struggling to operate while others have been compelled to shut down. This study used descriptive survey design on a population of 853 firms as per KAM members’ directory of 2015. Using simple random sampling a sample of 208 CFOs of private manufacturing firms were selected from a target population of 455 CFOs of firms situated in Nairobi and its surrounding areas. The researcher collected primary data using self-administered questionnaire to obtain financial measures from the chief finance officers (CFOs) of these firms and secondary data was collected through a data survey sheet and document review form. Data was analyzed using Statistical Package for Social Sciences (SPSS) version 22. Descriptive and inferential statistics were employed. Under descriptive statistics percentages of responses and means of items was computed. In quantitative analysis Karl Pearson’s correlation, multiple linear regression, ANOVA and E -Views were used. The study concluded that high debt tax shield cause increase in debt. The results also revealed that the higher debt tax shield the higher tax advantage from debt interest to the firm. In addition, the results revealed that with high tax rate, the firm uses more debt and has more income to shield from tax.","PeriodicalId":387621,"journal":{"name":"IOSR Journal of Economics and Finance","volume":"164 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132903038","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4

Influence of Liquidity Risk on Performance of Commercial Banks in Kenya. 流动性风险对肯尼亚商业银行绩效的影响。

IOSR Journal of Economics and Finance Pub Date : 2017-06-01 DOI: 10.9790/5933-0803046775

Maniagi G. Musiega, T. Olweny, C. Mukanzi, Mbithi Mutua

引用次数: 6