IOSR Journal of Economics and Finance最新文献

{"title":"Reaction from Women in Poor Families to Poverty Alleviation Programs in the Province of Bali, Indonesia","authors":"I. Saskara, I. W. Swara, I. Indrajaya, I. G. S. Wirawan, I. W. W. Kesumajaya","doi":"10.9790/5933-0803016776","DOIUrl":"https://doi.org/10.9790/5933-0803016776","url":null,"abstract":"This study aims to evaluate the response of women in poor rural families to poverty alleviation programs in the province of Bali. It is also to identify weaknesses or problems in the implementation of poverty alleviation in the province of Bali. This research was conducted in all districts / cities in the province of Bali, with a total sample of 25 respondents in each district / city, bringing the total respondents as many as 225 women in poor families throughout Bali. Samples were determined by purposive sampling of informants needed, and using accidental sampling for the poor respondents. Methods for collecting data is using structured interviews and in depth interviews for primary data and secondary data collected through observation. Data analysis technique is using descriptive analysis. The results showed that 98 percent of respondents who received help poverty alleviation program stated that the aid benefit to their lives. Some of the weaknesses or the constraints identified in the implementation of rural poverty reduction programs include budget constraints, social and political factors, as well as the quality of human resources.","PeriodicalId":387621,"journal":{"name":"IOSR Journal of Economics and Finance","volume":"08 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130556429","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}

{"title":"Effect of Financial Information on Investment Decision Making By Shareholders of Banks in Nigeria","authors":"I. ZayolPatrick, Agaregh Tavershima, Eneji Bartholomew Eje","doi":"10.9790/5933-0803032031","DOIUrl":"https://doi.org/10.9790/5933-0803032031","url":null,"abstract":"The objective of this paper is to empirically investigate the effect of financial information on investment decision of shareholders of banks in Nigeria. The data for the study were extracted from published annual reports of five selected banks in Nigeria from 2009 to 2015. Correlation matrix and regression analysis were deployed to establish the relationship between the variables. The results revealed a positive relationship, indicating that dividend per share have significant influence on investment decision of shareholders of banks in Nigeria. The study recommends that both existing and prospective investors can factor financial information relating to dividend paid per share while making investment decision in shares of Nigerian banks; as dividend per share is positively correlated with investment decisions of shareholders.","PeriodicalId":387621,"journal":{"name":"IOSR Journal of Economics and Finance","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124889658","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}

{"title":"Inadequacy of Neo-classical Theory and Its Reflection on the Market Economy","authors":"Selda Atik","doi":"10.9790/5933-0803035660","DOIUrl":"https://doi.org/10.9790/5933-0803035660","url":null,"abstract":"The hypothesis and proposed policies of Neo-classical theory as the dominant ideology of economics in today, are becoming increasingly ineffective in solving current problems and even sometimes cause problems to be intensified. The most important reason for this is the failure of creating a healthy structure for the hypothesis of Neo-classical theory in order to implement it in the reality of today's market economies. The fact confirms the inadequacy of the theory is that even the signals of the recent global economic crisis were not noticed by the economists and the necessary precautions were not taken. The Neo-classical theory was dominating the system since it had emerged mainly focused on pure mathematical models in order to get economics closer to the natural sciences and therefore gradually detached from the social reality and created a fictional economical world. In the study examines the inadequacy of the Neo-classical theory, its reflection on market economics and concludes that a new perspective is needed to produce realistic solutions. Keywords” Ceteris paribus, laissez faire, Neo-classical theory, market economy, Pareto optimal","PeriodicalId":387621,"journal":{"name":"IOSR Journal of Economics and Finance","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127825646","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}

{"title":"Effect of Treasury Risk Management on Financial Performance of Kenyan Deposit Taking Saccos; A Case of Nakuru County","authors":"Alice chamwana, A. Anyieni","doi":"10.9790/5933-0803015566","DOIUrl":"https://doi.org/10.9790/5933-0803015566","url":null,"abstract":"Treasury management has been and still is a global concern not only in formal corporate world but also in informal financial sector. In Financial institutions, treasury management is about the aspect of risk management by measuring it, controlling it, diversifying it and hedging it. Risk taking is the heart of every financial institution and it is the conscious engagement in risk that constitutes the economic value of financial intermediation. Treasury risk management therefore refers to the process of identifying a suitable trade-off between risks and return in order to maximize the existing opportunities in a society’s operational environment. The advent of regulation in the SACCO sector and the development of commercially autonomous member-based cooperative organizations which are democratically and professionally managed, self-controlled and selfreliant business enterprises means that Cooperative societies can now compete with other business enterprises for the financial business market share. The researcher therefore sought to establish whether licensed deposit taking SACCO societies have adopted the practice of treasury risk management and how this has affected their financial performance. To establish this, the researcher adopted a survey study since it describes in-depth the nature of the phenomenon and examines actions as they happen rather than manipulation of the variables. The research targeted Internal Auditors, Banking/Fosa managers, Finance Managers and Risk managers of licensed deposit taking SACCO societies operating within Nakuru County selected using simple random sampling method to achieve a response level of at least 30%.Data was collected using questionnaires which were tested for validity and reliability. The research findings revealed that not all SACCOs have implemented treasury risk management practices in their treasury operations thus some had not identified the specific risks facing their treasury operations. The collected data was analyzed and tested using t-test on SSPSS version 20. The analyzed dataconfirmed that the implementation of treasury risk management practices has an effect on the regulatory compliance of some selected financial ratios and the financial performance of SACCO Societies.","PeriodicalId":387621,"journal":{"name":"IOSR Journal of Economics and Finance","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124423056","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}

{"title":"Technical Efficiency, Determinants and Risks of Watermelon Production in Bangladesh","authors":"Bishwajit Sarker","doi":"10.9790/5933-0802045159","DOIUrl":"https://doi.org/10.9790/5933-0802045159","url":null,"abstract":"The present study is conducted to examine the technical efficiency, identify factors causing inefficiency and assess farmer’s perception on major sources of risk in producing watermelon in Bangladesh. In this purpose, a sample of 180 farmers has been selected by multistage stratified sampling technique from Patuakhali district due to the production intensity of watermelon coverage among various districts of Bangladesh. Data on farm-specific characteristics, output, input prices and costs during the production period of December, 2015 to April, 2016 have been collected from watermelon producers. A stochastic frontier production function model is used to analyze the technical efficiency of the farmers growing watermelon. Results obtained by fitting the model reveal that mean technical efficiency level is 86% indicating a scope for increasing average efficiency by 14%.Natural calamity is the highest source of risk in watermelon production. The output elasticity corresponding to the significant (p<0.05) coefficients of the inputs viz., human labour, amount of fertilizer used, irrigation cost and pesticide cost are 0.04, 2.99, 22.74 and 19.25, respectively. Technical inefficiency of the watermelon producer is reduced significantly (p<0.05) as the farm size increases. Access to both training and microcredit exert a significant (p<0.01) reduction in technical inefficiency of the farmers who produce watermelon. So, government and non-government organizations may take initiatives to improve watermelon productivity by providing training, and micro credit facility with low rate of interest to the farmers.","PeriodicalId":387621,"journal":{"name":"IOSR Journal of Economics and Finance","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116906164","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}

{"title":"Asymmetric Changes in the World Economy","authors":"U. Rzayeva","doi":"10.9790/5933-0803033946","DOIUrl":"https://doi.org/10.9790/5933-0803033946","url":null,"abstract":"This study focuses on the investigation of the problems caused by the developing asymmetry of economic relations in the global context. The relevance of the study is dictated by the contradictions between existing practice of asymmetric economic society and an ongoing domination of “equilibrium” paradigm in economic theory that denies the necessity of asymmetry of economic development and emphasizes only its “negative” character. In the authors' opinion, the current world situations show that development of the global economy has the following tendency: the current asymmetry of political influence in the transatlantic region and digital technologies smoothly moving to developing countries are quite destructive to the current methods of providing the stable economy. Key signs indicate that the center of economic development’s gravity is shifting to developing countries.","PeriodicalId":387621,"journal":{"name":"IOSR Journal of Economics and Finance","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125537786","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}

{"title":"Determinants of Mobile Money Remittance in East Africa","authors":"O. Correia, P. Ngare, Durvine Sindiga, D. Otwoma","doi":"10.9790/5933-0803021729","DOIUrl":"https://doi.org/10.9790/5933-0803021729","url":null,"abstract":"Globally, remittances represent an important flow of international financial resources. In the East African trading bloc, the dynamic population movements between countries has led to widespread distribution of population across the region. This has driven the demand for migrant workers to send money home. Mobile money has seen a rapid growth within individual East African countries with Kenya, Tanzania and Uganda topping the global volume of mobile money transfers. One would expect the Mobile Money Remittance within the East African region to follow a similar trend being an extension of the local service. However, its uptake across borders appears to be slow. This study seeks to identify the consumer determinants that affect the uptake of the service. The study is based on the Technology Acceptance Model which gathers insight through the lens of usefulness, ease of use, perceived cost, availability of alternatives and risk perception. Once the data was collected a Cronbach alpha was applied to ensure their reliability for the purpose. The research showed that Perceived Usefulness and Perceived Ease of Use are key drivers for the mobile international remittance. This could be expected given the mobile money background of the users. In addition, the Perceived Cost of International Mobile Remittance is a key driver of behavioral intent. There was little evidence to show that Attractiveness of Alternatives and Perceived risk actually discouraged users from using International Mobile Remittances.","PeriodicalId":387621,"journal":{"name":"IOSR Journal of Economics and Finance","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121358096","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}

{"title":"The impact of Non-Tariff Measures (NTMs) on Moroccan foreign trade: Comparison between developed and developing countries","authors":"Mustapha Khouilid, Abdellah Echaoui","doi":"10.9790/5933-0803024857","DOIUrl":"https://doi.org/10.9790/5933-0803024857","url":null,"abstract":"The world economy is still far from the ideal model of a barrier-free market, freed from any barriers to trade. In this paper, we will try to analyse the impact of non-tariff measures on Moroccan exportations. The review of the literature shows that the effect of non-tariff measures on international trade exceeds the tariff ones. In order to analyse empirically the impact of non-tariff measures on Moroccan foreign trade, we used the elasticity of imported demand and an estimated gravitational equation for a sample of 28 countries of different levels of development. Our database consists of 4242 tariff lines during the period 2000-2015. The results show that non-tariff measures negatively affect Moroccan foreign trade. Exporting sectors are not affected to the same degree and suffer more in trade with economically similar countries (Developing countries) than in trade with developed nations.","PeriodicalId":387621,"journal":{"name":"IOSR Journal of Economics and Finance","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132180792","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}

{"title":"Weak form Efficiency of the Sri Lankan Stock Market From 2010 -2014","authors":"H. Dedunu","doi":"10.9790/5933-0803027581","DOIUrl":"https://doi.org/10.9790/5933-0803027581","url":null,"abstract":"With the ending of thirty years civil war, Sri Lankan Colombo Stock Exchange recorded its highest market capitalization and trading volume ever since (Fernando , 2012). Colombo stock market applied new advanced technology for its day to day operation in last decade (www.cse.lk). Resulting, both level of performance and level of investment in Share Market were increased, however the process was further accelerated after post war period (Kenangasl Research Company, 2011). With that improvement, the number of investors who were willing to invest in Colombo Stock Exchange was increased and tried to reap maximum from the market. That cold competition beckon an efficiency problem in share market. Hence the study focused to investigate weak form efficiency of the Colombo Stock Exchange. The study is a quantitative type time cerise study. The data were collected on All Share Price Index from January 2010 to December 2014. Finally through all the analysis it was found that stock price do not follow random walk, which supports to the conclusion that Colombo Stock Exchange is weak form inefficient.","PeriodicalId":387621,"journal":{"name":"IOSR Journal of Economics and Finance","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121339962","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}

{"title":"Contribution of components of Green Supply Chain Procurement in Green Supply Chain Performance measurement-A Pilot Empirical Study of the Indian Automobile Manufacturing Sector","authors":"M. A. Gandhi","doi":"10.9790/5933-0803031014","DOIUrl":"https://doi.org/10.9790/5933-0803031014","url":null,"abstract":"This paper is one of the several extensions of the research works done by [5]. Green Supply Chain Practices have been known to have an impact on Green Supply Chain Performance [5].This paper tests empirically through a pilot study of the Indian Automobile Manufacturing Sector, the contribution of the eleven variables constituting the construct Green Supply Chain Procurement in Green Supply Chain Performance measurement. Also the paper establishes the reliability of the questionnaire instrument developed previously for measuring the construct Green Supply Chain Procurement and also for measuring the eleven variables that constitute the construct Green Supply Chain Procurement. Further the paper establishes the correlation among these eleven variables. Finally this paper conducts Confirmatory Factor Analysis (CFA) to arrive at three factors (linear combination of eleven variables constituting the construct Green Supply Chain Procurement) to aid in measuring the construct Green Supply Chain Procurement. Finally the paper establishes the order of contribution of the eleven variables constituting the construct Green Supply Chain Procurement.","PeriodicalId":387621,"journal":{"name":"IOSR Journal of Economics and Finance","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124751514","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}