Title: PERFORMANCE APPRAISAL AND RANKING OF DCCBS THROUGH MALMQUIST INDEX AND SUPER EFFICIENCY.pdf
Author: E.S.V. NARAYANA RAO AND CHIRANJEEVI GUDALA
Abstract: In this paper, performance evaluation of District Central Co-operative Banks (DCCBs) of Andhra Pradesh state in India during the years 2006-2011 is carried out through Data Envelopment Analysis (DEA). Further the banks were ranked based on their technical efficiencies and super-efficiency model is used to resolve the rank tie-breaking among the DCCBs. Total Factor Productivity (TFP), technical change and technological change are also obtained with the help of Malmquist Index.
Keywords: Data Envelopment Analysis, District Central Co-operative Banks, Malmquist Index, Super-efficiency, Total Factor Productivity View
Title: BANK CREDITS AND NIGERIA’S ECONOMY UNDER ALTERNATIVE SECTORAL ALLOCATION POLICY REGIMES.pdf
Author: NNAMDI, S. IKECHUKWU, AKINPELUMI, .F. OMOTAYO AND ENIEKEZIMENE, E. DANIEL
Abstract: This study broadly aims at evaluating the comparative influences of banks’ credit allocations to the classified sectors of economic activity in Nigeria during the regulated/mandatory sectoral credit allocation policy era and the deregulated regime. Data was obtained from the Statistical Bulletin of Central Bank of Nigeria over correspondingly categorized periods of 1971 to 1993 and 1994 to 2016 in order to achieve two equal periods for effective representation of the regulated and deregulated sectoral credit allocation policy frameworks. Stationarity, Johansen’s Co-integration, Error Correction and Granger Causality tests were employed. The results show that Nigeria’s economy was more sensitive to credit allocations to the trading and real estate/construction sectors during the regulated sectoral credit allocation era. On the other hand, Nigeria’s economy was observed to have become more sensitive to sectoral credit allocations to manufacturing and mining/quarrying sectors during the deregulated sectoral credit allocation era. On the whole, while changes in sectoral credit allocations accounted for 62.26% of variations in Nigeria’s GDP during the regulated sectoral credit allocation period, they were observed to account for 87.42% of the variations during the deregulated era. The study concludes that banks’ sectoral credit allocations under the deregulated policy framework are more effective and productive compared to the mandatorily regulated sectoral allocation policy framework. Finally, the study recommends sustenance of the deregulated sectoral credit allocation policy and encouragement of competition in the banking industry in particular and financial services sector in general in order to deepen the benefits of financial liberalization and accelerate Nigeria’s economic growth.
Keywords: Sectoral Credits, Regulation, Deregulation, Economic Growth. View
Title: INFLUX OF FOREIGN DIRECT INVESTMENT INTO MYANMAR.pdf
Author: KHIN THIDA NYEIN, PhD.
Abstract: This study aims to investigate the reasons for the fluctuation of the inflows of direct foreign investment into Myanmar. Employing the data on the influx of foreign direct investment into the country from 1989/90 to 2016/17, the possible causes of increasing and decreasing inflows of FDI into Myanmar are observed. According to this study, the factors such as Asian economic crisis, U.S federal sanctions, lack of infrastructure (particularly poor electric power condition), weak telecommunication services and expensive charges, unstable macroeconomic environment, frequent changes of rules and regulations and lack of transparency in its administration over the study period may be the reasons for the fluctuation of FDI inflows into the country. The existence of such factors may be difficult to encourage the willingness of foreign entrepreneurs to invest. If these factors fade, therefore, the inflows of direct foreign investment into Myanmar are likely to improve. The volume of FDI into Myanmar enormously increased in 2010/11; the reason may be the removal of economic sanctions at that time. The findings of the paper suggest that the authorities should strive to sign a large number of bilateral investment treaties (BITs), and the country should consider giving more priority to cooperative frameworks, encourage inter-regional trade and investment linkages instead of attracting FDI individually and competitively.
Keywords: FDI, Market Size, Exchange Rate, Inflation Rate, Openness View
Title: STRAWBERRY CULTIVATION HORTICULTURAL REVOLUTION IN MEGHALAYA WITH REFERENCE TO SOHLIYA AND MAWPRAN VILLAGES.pdf
Author: SHAILYNTI LYNGDOH
Abstract: The paper highlights the strawberry cultivation in Meghalaya a product of Horticultural Revolution in the state which was initiated by the technology Mission for the Integrated Development of Horticultural in the North eastern region and Government of Meghalaya where a Project of Centre of Excellence under Horticulture Departmental farm at Dewlieh was implemented. The pilot project had selected Sohliya village as a vibrant model for the cultivation of the crop. The success of the project had attracted other districts to cultivate the crop, where Mawpran village, in East Khasi Hills District is the next strawberry hub with all potentialities. The Revolution in strawberry cultivation has bring a major transformation in the socio-economic aspects of the people engaged in the cultivation of the crop and making Meghalaya the third largest producer of strawberry in the country,thus, provides an incentive for the development of other organic and traditional horticultural crops in the state. Keywords: Development, Horticulture, Meghalaya, Mawpran, Revolution, Sohliya, Socio-economic, Strawberry. View
Title: ISLAMIC FINANCE IN NIGERIA OBJECTIONS AND PROSPECTS A CONCEPTUAL APPROACH.pdf
Author: ABRAHAM OKETOOYIN GBADEBO AND AYOLEKAN OYEBANJO GBOLAGUN
Abstract: The paper examines the objections and prospects of Islamic Banking in Nigeria using conceptual approach. The study finds that Islamic ﬁnance in Nigeria has faced many obstacles such as lack of regulatory framework, religious diversity and social/cultural believes. The going forward, would need to develop in parallel with the distinctive characteristics of the peoples in the country. However, it is conceivable that Islamic Finance will also grow in another way, with conscious legal framework that would compel conventional financial institutions to incorporate Islamic ﬁnance practices into their operations through the use “Islamic windows”. Adjustments in the regulatory environment need to be pursued to ensure a level playing ﬁeld with conventional ﬁnancial institutions. View
Title: ADDRESSING THE ISSUES AND CHALLENGES IN IMPLEMENTATION OF IAS & IFRS WITH ORACLE ERP.pdf
Author: M. KAMESWARARAO, P. VISWANADHAM AND L. MADHU KUMAR
Abstract: This paper addresses the issues and challenges involved in adoption and applicability of International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS), issued by the International Accounting Standards Board (IASB) to India with Oracle (ERP) Financials. Specifically, the paper highlights some major areas where the corporate entities are facing the critical issues in maintaining the Accounting Standards and its Reporting system to locally and globally. The attempt to study the major challenges that are lying before the companies which are globally spread and the common problems in achieving the good quality reporting standards keeping in view the present business complications. The study has made an attempt how to face these challenges effectively and efficiently with the help of Enterprise Resource Planning (ERP) software more specifically Oracle Financials which is having wide variety of modules like Oracle’s E-Business Suite, Oracle’s Hyperion Financial Management etc. Each module is having its unique features and helps in following the International Accounting Standards (IAS), IFRS and also the local accounting standards developed by the Institute of Chartered Accountants of India (ICAI), Indias standard setting body, is increasingly attempting to provide this transparency by revisions and additions to accounting standards, and by Exposure Drafts which aim to bring India more in line with International Financial Reporting Standards.
Keywords: accounting standards, oracle, GAAP View
Title: BURIAL CASKET MAKING (BCM) and CUSTOMER PURCHASE DECISION (CPD) IN SOUTH SOUTH AND SOUTH EAST NIGERIA.pdf
Author: OZURU, HENRY N., PhD. AND JOHN E. CHIKWE PhD.
Abstract: The road to death may be philosophical and death is a necessary end and will come when it will come, as a result burial casket making in some regions in Nigeria becomes a necessity. The study has the focus of philosophical, psychological and empirical examination of how burial casket making enhances the bereaved or customer purchase decision in South-South and South-East, Nigeria. The study adopted a cross-sectional survey research design and data were generated from 45 statistically selected burial casket makers in the study area. Likert 5-type coded measurement scale was used in the questionnaire design. The instrument validity was ascertained and the reliability of 0.821 achieved. The Spearman’s Rank Order Correlation technique was used to test the six posited hypotheses with the aid of SPSS software. The results indicate that the practice of burial casket making in readiness for consumption significantly and strongly correlates with the customers purchase decision imperatives. The study also revealed that burial casket making has philosophical and business psychology implications which synchronize with the purchase intents and decisions. Relevant recommendations on its continuity and affordability were made.
Keywords: Burial Casket Making, Customer Purchase Decision, Death and Life, Philosophy, Business psychology. View
Title: THE DEVELOPMENT AND PROSPECT OF INDONESIAN PALM OIL INDUSTRY AND ITS DERIVATIVE PRODUCTS.pdf
Author: NILA RIFAI, YUSMAN SYAUKAT, HERMANTO SIREGAR AND E. GUMBIRA SA’ID
Abstract: In 2013, the world palm oil production reached 55.7 million tons. Indonesia and Malaysia shared 85% of it with their production of 26.70 and 21.70 million tons, respectively. The aims of this study were to identify and analyze the development and prospect of Indonesian palm oil industry and its derivative products. Data were analyzed by using a descriptive approach. The area of oil palm plantation increased to 9,074,621 ha in 2012. Indonesia’s palm oil production in 2012 was 23.5 million tons. There was also an increased Indonesia’s palm oil export to 18.15 million tons in 2012. In 2010, the installed capacity of cooking oil industry in Indonesia was 15.4 million tons. For fatty alcohol industry, the installed capacity was 320,000 tons/year. In 2007, with real production of 300,000 tons, the 100% real capacity was almost reached. The installed capacities of biodiesel and glycerin industries in 2011 were 3.4 million kiloliters/year and 142,700 ton/year, respectively. In 2010, glycerin production was about 204,394 tons. Glycerin production was 121,640 kiloliters from fatty acid and fatty alcohol industries and 61,694 kiloliters from biodiesel industry.
Key words: oil palm, downstream oil palm industry, export, import. View
Title: MONETARY POLICY AND DEPOSIT MONEY BANKS PERFORMANCE IN NIGERIA A COMPARATIVE ANALYSIS.pdf
Author: OKOWA, E. PhD. AND HALLIDAY, E.A.
Abstract: The impact of financial liberalization accelerated the opening up of Nigerian economy to global financial markets; this has engendered an increased anxiety in the economy as well as exposing the vulnerability and frailty of the Nigerian financial system (DMBs in particular). It becomes critically, imperative for the Central bank of Nigeria (CBN) to introduce measures that would absorb external shocks, enhance stability and competiveness of the Nigerian financial sector. The study investigated the impact of Monetary Policy on Performance of Nigerian DMBs in face of the 2008 global financial crisis using Secondary data covering the period 2000-2014. Broad Money Supply growth (BMS), Monetary Policy Rate (MPR), Liquidity Ratio (LDR), and Cash Reserve Ratio (CRR) were used as proxies for Monetary Policy while Returns on Assets (ROA) was used as proxy for performance of DMBs. The data was analyzed using descriptive statistics and appropriate econometrics techniques. The findings revealed that the Nigerian banking industry is still relatively fragile and susceptible to external shocks, as the investigation showed that the performance of banks during the 2008 global financial crisis was not only dismal but unimpressive. The study among others, recommends an increase of the minimum capital base of DMBs from the present #25 billion to at least #50 billion to enhance internal/external shock absorbing capacity of banks while enhancing stability and competitiveness of the Nigerian banking industry. View
Title: TAX ELASTICITY BUOYANCY AND STABILITY IN ZIMBABWE.pdf
Author: WELLINGTON GARIKAI BONGA AND FUNGAYI MAWIRE-VAN STRIEN
Abstract: Tax elasticity and buoyancy estimates are the dynamic tools for measuring the tax performance. The main objectives of the study are to explore the tax system performance of Zimbabwe through the traditional tax ratio trends, dynamic measures tax buoyancy and tax elasticity. The study has applied traditional regression approach and the Dummy Variable Approach to calculate tax buoyancy. For the study period 2000 – 2013, both methods have yielded a tax buoyancy statistic of 1.013 (more than unitary) implying that the tax system is responsive to growth in national income. Using the Dummy Variable Approach, the study revealed that there is no significant differences in tax performance for the Zimbabwean Dollar Era and the Dollarisation Era. In an effort to enhance efficiency in government operations, the study has highlighted parastatals inefficiency that need immediate attention. Tax ratio trend has revealed an increase in effort over the dollarisation period.
Key Words: Tax Buoyancy, Elasticity, Tax Stability, Tax Ratio, Revenue Performance, Parastatal, GDP, Zimbabwe. View