Dr Reiko Journals

Welcome to Reiko Journals

REIKO JOURNALS is an offspring of the REIKO CENTER FOR ACADEMIC RESEARCH AND DEVEVELOPMENT. Its membership comprises of African and American Scholars in various Universities. The center decries the prevalent and perennial poverty and under-development in the sub-Saharan African countries and in the entire third world and designs a vision to provide intellectual potentials development opportunities to strengthen the micro and macroeconomic institutions in such countries....

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2018 Archive

1 Title: DECISION MAKING POWER AMONG RURAL WOMEN AT GROSS-ROOT LEVEL.pdf
Author: BHAT ARSHAD HUSSAIN AND NENGROO AASIF HUSSAIN
Abstract: Abstract In the present paper an attempt has been made to assess the role of women in the decision making process of household regarding expenditure at grocery, purchase of seeds, fertilizers, selecting the crop, harvesting of crops, hiring labor, weeding and threshing of crops. Also an attempt has been made to analyze how female respondents manage their household activities. Using multi-stage sampling our analysis reveals that women are only mere spectators in decision making regarding agricultural activities, as only eight percent respondents were taking active role in decision making process. Further we found that almost all kinds of domestic work is done by the female respondents themselves. Key words: Household activity, education, decision making, land ownership, management. View
2 Title: MUTUAL FUND IN INDIA AN ANALYSIS OF PERFORMANCE AND SOME EMERGING ISSUES.pdf
Author: SARBAPRIYA RAY
Abstract: Abstract Mutual Fund is a topic which is of huge interest not only to researchers all over the world, but also to investors. Unit Trust of India as India’s first mutual fund was set up as an effective vehicle for channelizing progressively larger share of household savings to productive investments in the corporate sector. In 1964, Unit Trust of India (UTI) came up with the first mutual fund Unit Scheme, 1964, popularly known as US 64 which was the first open ended balanced fund. But, during late nineties, UTI faces severe challenges with its unit scheme –US 64. At present, mutual funds have emerged as an important segment of financial market of India, especially as a result of the initiatives taken by the Government of India for resolving problems relating to UTI’s US-64. This paper tries to analyze the crisis faced by Unit Trust of India, specially its largest savings mobilization scheme-US64 and evaluate overall performance of UTI in terms of savings mobilization ,profitability, dividend distribution, income and expenditure pattern, investible funds, redemption and net inflow of funds. At last, the paper recommends some measures in overcoming the challenges faced by UTI. Key words: Mutual fund, Unit trust of India, US 64, Mobilisation, Fund. View
3 Title: AUDITOR INITIAL ENGAGEMENT UNIFIED ACCOUNTING PERIOD AND AUDIT PRICE EVIDENCE FROM NIGERIAN LISTED DEPOSIT MONEY BANKS 2006-2016.pdf
Author: ADEREMI OLALERE ADEBAYO, PhD.
Abstract: Abstract The study examined the association between audit price, lowballing and busy (31st December) accounting closing period. The study employed longitudinal research design. Data were sourced from the annual report of listed deposit money banks in Nigeria on the variables of interest for the study from 2006-2016. Fourteen (14) out of the fifteen (15) listed deposit money banks in Nigeria were selected for the study. Panel ordinary least squares were employed to estimate the model. The result showed that the audit price is positively and significantly associated with busy accounting year end but negatively significant with initial audit engagement. The result of the study is consistent with the assumption that audit firms charge higher fees for clients having a busy closing date. This is consistent with the industrial organisation theory. The study recommends that audit regulators in Nigeria should examine the lowballing pricing method because, most time, it is associated with a reduction of audit effort, which impairs audit quality. Keywords: Initial Audit Engagement, Busy Accounting Period, Audit Price. View
4 Title: THE RELATIONSHIP BETWEEN HUMAN RESOURCE MANAGEMENT (HRM) PRACTICES AND EMPLOYEE SELECTED OUTCOMES WITHIN THE ORGANIZATION EMPIRICAL EVIDENCE.pdf
Author: GAZI MD. SHAKHAWAT HOSSAIN AND MD. NAYEM HOSSEN
Abstract: Abstract This is a compendium of the entire object which seeks to examine the association between human resource management practices and employee selected outcomes within the organizations. Data were collected through questionnaire from 100 employees. SPSS-16 was used to analyze the collected data. In this study, descriptive statistics, correlations, and multiple regression analysis have been applied to determine the contribution of each independent variable in human resource management practices within the organizations. The study shows that there is a significant relationship between independent and dependent variables. The result of the analysis revealed that HRM practices have a significant influence on employee selected outcomes like perceived organizational support, employee attitudes and behavior, affective and normative commitment and discretionary behavior within the organization. Furthermore, findings of this research paper emphasis on the presence and appearance of HR internal experts in the organizations which helps to achieve competitive advantage and improving organizational performance. Keywords: HR Practices, Employee Attitudes, Employee Commitment, Discretionary Behavior. View
5 Title: EXTENT OF USE OF COST AND MANAGEMENT ACCOUNTING IN THE CEMENT INDUSTRY OF BANGLADESH.pdf
Author: MD. KHALILUR RAHMAN, AL AMIN TALUKDER AND MD. ABUD DARDA, PhD.
Abstract: Abstract The purpose of this study is to examine the extent of use of Cost and Management Accounting Practices (CA & MAPs) in Bangladesh cement industry (BCI). To achieve this objective 23 cement companies have purposively been selected. A structured questionnaire was administered among some selected professionals in accounts and finance department in the selected cement companies. The study proposed conceptual framework and revealed that there are five dimensions for practicing CA and MPAs in the manufacturing industry. Cement companies are more or less practicing all those dimensions. In the costing system dimension, cement companies are mainly using separation of cost and cost of quality. Companies are using budgeting for planning and activity based budgeting more compared to other usual budgeting tools. For performance measure, the adoption of financial measures is very common. In terms of information for decision making dimension, cost volume profit (CVP) analysis is the mostly practiced technique. Value chain analysis is widely accepted by the cement companies for strategic analysis. However, modern sophisticated methods and tools for CA and MAPs such as balance score card (BSC), analysis of competitors’ strength and weaknesses are less practicing. This study provides valuable understandings into the nature of CA & MAPs applied by cement companies in the emerging markets of developing countries. Keywords: Bangladesh, Cement industry, Cost and Management accounting, Financial measures, Non-financial measures, Strategic analysis. View
6 Title: E- BANKING SERVICE QUALITY AND CUSTOMER PATRONAGE OF DEPOSIT MONEY BANKS IN RIVERS STATE.pdf
Author: UFERE, EMMANUELA NNENNA AND OZURU, HENRY N., PhD.
Abstract: Abstract This study investigates the association between e-banking service quality and customer patronage of deposit money banks in Rivers State. The objectives of the study were to investigate the influence of e-banking service quality on customer patronage. The study adopted the survey research design. Based on the research questions, a research questionnaire was designed and three hundred & eighty (380) copies were distributed to the sample population which was determined by convenient sampling techniques. Three hundred & twenty-one (321) copies of the distributed questionnaire were retrieved, these copies were analyzed and the hypotheses were tested using the Spearman Rank Correlation Coefficient with the aid of SPSS Version 21.0. The result revealed that; there is a significant relationship between e-banking service quality and customer patronage. However, in testing the moderating variables, technology capability was revealed to have a significant effect on the relationship between e-banking service quality and customer patronage. The study concluded e-banking service quality is a viable service tools for banks to maintain steady customer loyalty and satisfaction. The study recommends amongst others that Electronic banking products such as Online Banking, Mobile Banking and ATMs should be made as user-friendly as possible as not many consumers are familiar with the Electronic Banking, especially the older generation. Providing online help and giving customer the choice of their preferred language will ease their transactions. Keywords: E-banking, service quality, customer patronage, Website Availability, Interactivity, Repeat Purchase View
7 Title: POPULATION FINANCIAL DEEPENING AND ENVIRONMENTAL QUALITY NEXUS IN NIGERIA.pdf
Author: AKINTUNDE TEMITOPE SADE, PhD. AND ADAGUNODO MATHEW
Abstract: Abstract There is considerable concern that population growth is the critical contributor to carbon emission and global warming. This paper analyses the relationship between population, financial deepening and carbon emission. The study period covered 35 years from 1980 to 2014.Data on real gross domestic products, population growth rate, broad money supply, credit to private sector, emission from Carbon dioxide, emission from Gas fuel, emissions from liquid fuel, emissions from solid fuels and emissions from cement production were obtained from Statistical Bulletin published by the Central Bank of Nigeria and World Development Indicators published by the World Bank. Autoregressive Distributive Lag model was adopted as the econometric technique. The empirical findings revealed a positive and significant impact of population and broad money supply on carbon emission both in short-run and long-run. However, a negative but insignificant relationship was observed between credit to private sector and carbon emission in Nigeria. There is need for the government to reposition financial sector to promote renewable energy project in order to reduce carbon emission in Nigeria. View
8 Title: FINANCIAL PERFORMANCE OF PAPER AND PAPER PRODUCT COMPANIES IN INDIA IN POST LIBERALIZATION PERIOD AN EXPLORATORY STUDY.pdf
Author: SARBAPRIYA RAY
Abstract: Abstract This paper analyses the financial performance of Indian paper and paper product companies using data from CMIE over the period, 2000-01 to 2008-09.The analysis has been conducted from seven key financial dimensions, namely, financial profitability, capital structure, operational efficiency, fixed asset age, current asset efficiency and liquidity position. .The financial performance analysis identifies financial strength and weakness of the firms within paper industry. The study suggests that liquidity position and profitability of the industry as a whole are sound and strong ensuring good liquidity management and better profitability to both investors as well as entrepreneurs. The study reveals that high and gradually increasing current asset turnover has been a contributing factor responsible for ensuring current asset efficiency which means that resources like current assets of the firms of the industry are getting utilized more efficiently. But, dividend payment being lower, the companies need to improve the quantum of dividend payment in order to satisfy the investors without affecting the future expansion and modernization programmes of the sector. Moreover, companies should make a concerted effort in maximizing assets and minimizing liabilities so that overall financial position could be improved. Key words: Paper, industry, financial performance, multiple regression, India. View
9 Title: APPRAISAL OF JUST IN TIME SYSTEM IN CONTEMPORARY MANAGEMENT ACCOUNTING ENVIRONMENT ISSUES AND CHALLENGES.pdf
Author: IHE, N. J. PhD. AND ANUMAKA, C. J. M.
Abstract: Abstract The problems encountered in the manufacturing companies and other industrial related settings have triggered a great challenge to the industrial operators and Management Accountants alike. This study examines the effect of Just-in-Time (JIT) on the contemporary accounting management. The objectives of the study were to explain the concept of JIT, ascertain the relationship between JIT and management accounting, determine if lack of JIT system leads to low productivity. Survey research design was adopted for this study. The data collected from population sample were analyzed using Regression analysis and Pearson Moment correlation coefficient via statistical software known as the SPSS software Vision 20.0. The null hypothesis was in the first hypothesis since the p-value (0.000) is less than the level of significance (0.05) and we concluded that there is significant relationship between the implementation of JIT system and management accounting. The presence of a negative slope (2.401) in the result implies a positive relationship between the implementation of JIT system and management accounting. In the second hypothesis, the null hypothesis was also rejected since the p-value (0.000) is less than the level of significance (0.05) and we concluded that lack of JIT system significantly affects contemporary management accounting. The presence of a positive slope (0.768) in the output implies a positive relationship between the lack of JIT and management accounting. It was, therefore, recommended that organizations in Nigeria should embrace JIT as Corporate and Management strategy to continuously improve production processes, knowledge, skills and attitude required by employees. Keyword: JIT system, contemporary management accounting, environment, issues and challenges. View
10 Title: INTEGRATING FINANCIAL AND NON-FINANCIAL MEASURES TO MEASURE THE PERFORMANCE OF COMMERCIAL BANKS EVIDENCE FROM TANZANIA.pdf
Author: GWAHULA RAPHAEL AND WANG MAN
Abstract: Abstract The study intends, to assess the performance of commercial banks in Tanzania, using financial and non financial measures. Using financial Data from annual reports and non financial data from balanced score card templates obtained from commercial banks as well as from survey data, the overall performance indexes were established for every individual commercial bank. A total of 21 commercial banks were involved in this study. Generally the overall performance indexes of commercial banks were found to be higher in large foreign banks, followed by large domestic bank and lastly Small banks. These results are consistent with efficiency score estimates found in previous studies. Where large foreign banks were found to be more efficient compared to the counterparts. The high performance of large Foreign Banks is due to the fact that these commercial banks have long history of implementing BSC compared to the counterparts. Therefore experience of application and technical know has enabled them to have a higher performance index compared to the premature adopters’ large domestic banks and Small banks. Moreover we performed a statistical test to verify if the performance difference between the groups of commercial is significant or occurred by chance. Using one way ANOVA, The results indicate the performance differences between groups of commercial banks did not occur by chance, we reject the null hypothesis and accept the alternative one, which explain the significant difference in performance index between groups of performance of commercial banks. Keywords: Overall performance index, Balanced scorecard, Non-financial measures, Financial measures View
11 Title: IMPACT OF FINANCIAL CRISIS 2008 ON FINANCIAL INSTITUTIONS.pdf
Author: FARMAN AFZAL, SHOAIB MASOOD KHAN AND MUHAMMAD SAJID
Abstract: Abstract Insurance sector is mainly affected by financial crisis due to failure of other sectors such as banks where insurance companies has put their guarantee on different securities and its investments in other sectors faced huge losses. AIG suffered from a liquidity crisis when its credit ratings were downgraded below "AA" levels in September 2008. AIG affected due collateral demand of $100 billion by counter parties on forward contract and currency swapping. The company’s liquidity position become too weak to get support from Government in form of bailout package to pay out its debt obligation and meet the collateral demands by counter party. In 2008 leverage position of company reach its high that was due increased debt (borrowing from Government) and losses from operations and investments depleted the equity amount. Same case with the Lincoln national corporation and Hart Ford financial services in 2008 the due losses from operations and other investments the equity amount decrease too much, so too get bailout package from US Government. These both companies have retuned back the bailout amount to treasury department but AIG has still $50 billion outstanding. In 2010-11 the performance of companies is good to some extent and debt to equity ratio of above all companies is decreased and unrealized losses are now recovered. Keywords: Financial Crisis, Debt-to-Equity, Federal Reserve Bank, Insurance Sector. View

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