Series-5 (Nov. – Dec 2019)Nov - Dec 2019 Issue Statistics
- Full PDF
Abstract: This research aims to see the market efficiency Indonesian stock exchange. The population of this research was all the companies merged in Kompas 100 Index on August 2019 until January 2020. There were 90 companies stocks became as the object of the research. This research used event study with the data of stocks price daily. The hypothesis of this research tested with parametric statistical tool one sample t-test and paired samples t-test.The result of this research found that Indonesian stocks exchange was efficient in the form of semi-strong market by the information. The announcement of the inauguration Indonesian cabinet onward had an impact on stock prices with the presence of a positive and significant average excessreturn in the event period, there were difference of the average of excess return before–the day the announcement, the day - after the announcement and before - after the announcement of inauguration Indonesian cabinet onward
Keywords: event study, investors reaction, excess return, inauguration Indonesian cabinet onward
. Alim, Elizabeth dkk. 2002. ReaksiPasar Modal Indonesia TerhadapPeristiwaPolitikDalamNegeri(Event Study:PeristiwaPelantikanMegawati SoekarnoputrisebagaiPresiden RI ke-5). Skripsi.Universitas KristenPetra.
. Arikunto, S. 2006. Prosedur Penelitian Suatu Pendekatan Praktik. Jakarta: Rineka Citra.
. Beaver, W. H., 1989.Financial reporting: an accounting revolution. Second edition. NJ: Prentice-Hall Inc.
. Bursa Efek Indonesia. 2014. www.idx.co.id, diaksestanggal 30 Oktober 2019.
. Fama, E.F. 1970. Efficient Capital Markets: A Review of Theory and Empirical Work. Journal of Finance 25 (1970): 383 – 417.
- Full PDF
|Paper Type||:||Research Paper|
|Title||:||The Impact of Foreign Direct Investment on Economic Growth in Myanmar|
|Authors||:||Thwe Nu War|
Abstract: Foreign direct investment (FDI) is generally considered as a key driver of global economic integration.FDI one of the factor that encourage the growth of the economy, especially for developing countries. Myanmar is one of the countries with emerging market and it is also in the initial stage of FDI inflows after years of closed economy. Studies have exposed that global economy has been becoming more integrated by expanding more FDI inflows and trade liberalization. This paper attempts to analyse the impact of Foreign direct investment (FDI) on economic growth in Myanmar. The study analyse time series data over the period of 1988-2017.The main type of data used in this study the secondary data: the sources from Directorate of Investment and Company Administration, Myanmar. In addition, research data will be obtained from the World Bank and Ministry of Planning and Finance.......
Keywords: foreign direct investment, economic growth , Myanmar
. OECD,Organisation for Economic Co-operation and Development (2008), Benchmark Definition of Foreign Direct Investment: (4thed)-ISBN 978-92-64-04573-6
. Greenaway, D., & Sapsford, D. (1994). Exports, growth, and liberalization: an evaluation. Journal of policy modeling, 16(2), 165-186.
. Balasubramanyam, V. N., Salisu, M., & Sapsford, D. (1996). Foreign direct investment and growth in EP and IS countries. The economic journal, 106(434), 92-105.
. De Mello, L. R. (1999). "Foreign Direct Investment-Led Growth: Evidence from Time Series and Panel Data", Oxford Economic Papers, 51(1), 133-151.
. Bhagwati, J. (1994). Free trade: old and new challenges. The Economic Journal, 104(423), 231-246
- Full PDF
|Paper Type||:||Research Paper|
|Title||:||Nexus between Police Expenditure and Crime rates in Kalyana Karnataka Region|
Abstract: The history of Kalyana Karnataka shows that the region has a long-spell gaps in development among the districts. Prof. Nanjundappa committee reveals that this region was very backward in socio-economic aspects. Hence, people of this region demanding the governments for the development from long back. Consequently, due to its backwardness, the government of India approved the special status and currently Kalyana Karnataka region enjoys special status under Article 371Jof Constitution of India. In this paper an effort has been made to examine the nexus between the police expenditure and crime rates in Kalyana Karnataka region. The detailed analysis of the nexus between police expenditure and crime rate were clearly presented with the help of descriptive statistical tools. The study reveals that Kalaburagi, Raichur and Yadagiri districts have the positive relationship and Ballari, Bidar and Koppal districts have negative relationship among the Police expenditures and Crime rates.
. Aaron Chalfin and Justin McCrary (2012), The effect of Police on Crime: New Evidence from U.S. Cities, 1960-2010, NBER Working Paper No. 18815.
. Ben Shoe smith and Chris Klein (2008), An Examination of the Impact of Police Expenditures on Arrest Rates, Explorations Mathematics and Economics.
. Bruce L. Benson and David W. Rasmussen (1998), Deterrence and Public Policy: Trade-Offs in the Allocation of Police Resources International Review of Law and Economics 18:77–100.
. John Smith (2011), Ethnic Fragmentation and Police Spending Applied Economic Letters: 329-332. Retrieved from. http://www.tandfonline.com/
. Shahzad Mohamood Jabbar &Hassin M Mohsin (2014), Economics, Law Enforcement and Crime Connection, The Economics and Social Development Organization, Vol. 2 (2), PP 52-62.
- Full PDF
Abstract: This study sought to examine the effect of firms characteristics namely board size, liquidity, firm size, age and leverage on the financial performance. Financial performance is measured by ROA. Descriptive research design was used to find out the effects of firm characteristics on performance of the firm. The study was carried out for all petroleum and energy firms listed at the NSE as from 2010 to 2017. It was evidenced in the study that leverage and liquidity were statistically significant correlated with financial performance. The remaining variables were not significantly correlated. The coefficients for firm size, board size and leverage were positively related to firm financial performance while firm age and liquidity were negatively related to firm financial performance. The study......
Key words: Board size, liquidity, firm size, age and leverage on the financial performance
. Abdulkadir, S. A. B. (2016).The effects of leverage, liquidity and firm size on financial performance of listed non-financial firms in Kenya. Unpublished Jomo Kenyatta University of Agriculture and Technology MBA project.
. Agnes, W. K. (2013).Relationship between firm characteristics and financial performance of life insurance companies in Kenya. Unpublished University of Nairobi MBA project.
. Arrow, K. J. (1985). The potentials and limits of the market in resource allocation in Feiwel, G.R. (ed.), Issues in contemporary microeconomics and welfare, London, The Macmillan Press, 107- 124.
. Baker, H. (2011). Capital structure & corporate financing decisions theory, evidence, and practice. Hoboken, N.J. John Wiley & Sons.
. Bhunia, A., Bagach, B., & Khamrui, B. (2012).The impact of liquidity on profitability. A case study of FMCG companies in India. The impact research and social practices in social sciences, 7(2), 44-58.
- Full PDF
Abstract: This Paper discusses inefficiency of issuing required materials from supply division of the public sector organizations. The Purpose of this study is to improve the efficiency of issuing required materials from supply division which is instrumental for enhancing productivity of organizations. The key objective of this study is to introduce a new method that could be encountered prevailing inefficiency in the existing supply system of the model. Apart from that, following specific objectives; to identify the existing system, to understand factors that affected for inefficiencies are to be achieved. The study followed the Case study method and Qualitative and Quantitative method (mix method). Both methods use primary and secondary data. Randomly selected sample of data were collected from the issuing process of required materials from the supply division of the public sector organization model in this study i.e. University of Kelaniya. The data collected wereanalyzed by using simple statistical tools such as Mean values and Percentage values. This study has found that many issues have associated in the existing system.......
Keywords: Efficiency, Issuing required materials, Value Stream Mapping, Lead Time, Public Sector, University of Kelaniya
. Jayantha k Improving Productivity in Service Sector: with Special Reference to the Over Time Payment Process (OTPP) in the University of Kelaniya, Sri Lanka – A Case Study ISSN 2250-3153
. Mahinda Chintana – A Brighter Future – Page 52
. Gerber, D J, Becerik-Gerber, B, Kunz, A. 2010. Building information modeling and lean construction: technology, methodology and advances from practice. Proceedings of the 18th International Group for Lean Construction conference; July14–16; Haifa, Israel
. Koskela L. 1992. Application of the new production philosophy to construction. Stanford (CA): CIFE, Stanford University. Technical Report No. 72.
- Full PDF
Abstract: The study evaluated the effect of exchange rate fluctuations on external reserves in Nigeria with the use of a cointegration approach. This study originates from the master's thesis of the first (principal) author. The study was based on time series data spanning from 1981 to 2014. The study concluded that exchange rate fluctuations significantly affect external reserves in Nigeria. The findings of the study suggests that monetary policies particularly exchange rate have been volatile. This volatility implies that the conservative monetary management policies put in place in Nigeria for stabilizing the exchange rate of a unit U.S dollar to naira over the years has been ineffective. There is therefore a need for CBN to put in place sound monetary policy measures to attain stability in monetary tools. There also arises the need to ensure effective foreign exchange management measures particularly in terms of meeting the high demands for foreign currency which characterized the balance of trade and the overall economic performance in Nigeria.
Keywords: Exchange Rate Fluctuations, External Reserves, Global Financial Crisis, Cointegration, Nigeria
. Ahmed, A. H. & Pentecost, E. J. (2009). Exchange Rates and International Reserves: A Threshold Cointegration Analysis. A paper presented at the African Econometrics Society Conference in Abuja, Nigeria.
. Amano, R. A & Norden, S. V. (2003). Exchange Rates and Oil Prices. Review of International Economics Journal.
. Calvo, G. & Reinhart, M. (2011). Fear of Floating' Quarterly Journal of Economics 117(2), 379-408
. Cassel, G. (1961). "The present situation of the foreign exchange" Economic Journal (March)
. Charles-Anyaogu, N. B. (2012). External Reserves: Causality Effect of Macro Economic Variables in Nigeria: 1980-2009. Kuwait Chapter of Arabian Journal of Business and Management Review 1(12),14-27
- Full PDF
|Paper Type||:||Research Paper|
|Title||:||Prudential Regulations and Profitability of Commercial Banks Listed At the Nairobi Securities Exchange, Kenya|
|Authors||:||Malgit Amos Akims || Kanang Amos Akims|
Abstract: The study examined the effect of prudential regulations on profitability of commercial banks listed at the Nairobi Securities exchange, Kenya. The study focused on the period 2013 to 2017 where research data was extracted from the financial statements of listed commercial banks in Kenya. Using panel regression analysis, the findings of the study reveal that prudential regulations are important in determining the profitability of commercial banks. Capital adequacy regulation was found to have a significant positive effect on profitability of commercial banks listed at the NSE, Kenya. Liquidity regulation was found to have an insignificant negative effect of profitability of commercial banks listed on the NSE, Kenya. Furthermore, the study found that credit risk regulation has a significant negative effect on profitability of commercial banks listed at the NSE, Kenya. To ensure sustained return on banks' assets, the study recommends that bank managers should put in place effective credit risk management policies and embark on efficient risk minimization practices. In addition, the Central Bank of Kenya should be encouraged to implement measures that would ensure capital adequacy for all financial institutions that would want to operate in the country
Keywords: Prudential Regulations, Profitability, Commercial Banks, Nairobi Securities Exchange.
. Akims, M. A & Jagongo, A. (2018). A Critical Review of Literature On Fundamental Risk Factors And Profitability Of Commercial Banks In Nigeria. International Journal of Management and Commerce Innovations, 6(1), 140-143.
. Amina, Z & Fedhila, H. (2018). Regulation and Bank Performance. The Journal of American Business Review, Cambridge, (6) 2, 15-22.
. Barus, J. J., Muturi, W., & Kibati, P. (2017). Effect of Capital Adequacy on the Financial Performance of Savings and Credit Societies in Kenya, American Journal of Finance, 1(4), 1-12.
. Calem, P.S., and R. Rob (1996): "The Impact of Capital-Based Regulation on Bank Risk - Taking: A Dynamic Model, Board of Governors of the Federal Reserve System," Finance and Economics Discussion Series 96/12 (February), 36.
. Daily, C. M., Dalton, D. R. and Canella, A. A. (2003). Corporate Governance: Decades of Dialogue and Data. Academy of Management Review, 28(3), 371-382.