IOSR-JEF   Volume-6 ~ Issue-1 ~ Jan.-Feb 2015

Abstract: The studyaimed to analyze the typology of competitiveness and economic performance of East Java's regencies/cities, and investigate the influence of regional competitiveness to ward their economic performance.Moreover, the study appliedquantitative research approach which employedsome analysis instruments, namely: Confirmatory Factor Analysis (CFA), Regression Analysis and Region Typology. The resultsshowed: 1) The typology of competitiveness of regionswhich includes category I, II, III and IV were 31.58%, 26.32%, 15.79%, and 26.32%; 2) Competitiveness which compriseregional strength indicator, public service facilities, and investment climate proved to affect economic performance; 3) The investment climate had the greatest role compared with regional strength and public service facilities aspects; 4) Regional strength aspects that contributed significantly to the competitiveness was the quality ofhuman resources; 5) Obligatory functions service to provide educational infrastructure hadgiven largest contribution to the determinant of regioncompetiveness.

Keywords:Competitiveness, Economic Performance, East Java

Abstract: In Islamic finance - financial institutions, products and services designed to comply with the central tenets of Sharia (Islamic law) – is one of the most rapidly growing segments in global financial services. Islamic finance starts from one basic concept that is to avoid trading directly present for future money. Finance is provided in the form of money in return for either equity or rights to share proportionately in future business profits. It is also provided in the form of goods and services delivered in return for commitment to repay their value at a future date. This is an obvious option in addition to the conventional practices of interest-based finance through which people borrow money and pay it back in the future in addition to interest. This paper addresses itself to four questions: (1) Why all the fuss about the rate of interest? (2) Is Islamic finance, as an alternative to interest based debt finance viable and effective? (3) What Islamic finance implies for the whole economy? (4) Given that Islamic finance is really viable, why it has not been adopted at a larger scale?

Keywords: Islamic finance, financial institutions, Sharia.

Abstract: Despite the potential of the fisheries resources, the sector has not been given its deserved position in Nigerian National Economy but investment in aquaculture production has been declining in Yobe State. This study was undertaken to assess the profitability of some fish farms and investigate the factors influencing fish farming in Yobe State, Nigeria. The factors influencing fish farming are: poaching, unstable and defective government policy, inadequate/ non-updated environmental audit reports and not adopting modern methods of aquaculture negate the development and profitability of this sector in the State. An average production cost of N550/kg, sales N650/kg, profit margin N100/kg of catfish. The gross turn-over ratio is 0.8 while the net income realized per capital invested is 0.2. The aquaculture practice in Yobe state is still profitable. Recommendations to increase the production and improve the profit margin and sustainability of the sector were made.

Key words: Profitability, small scale, fish farms, fish production

Abstract: This study examines the dynamic effect of capital flight on the real exchange rate of the naira. Specifically this study seeks to investigate if a long-run relationship exists between real exchange rate and capital flight in Nigeria. This will be done using quarterly time series data covering the period 1981 to 2009. In this process the short-run dynamics of the interactions between the two variables will be analyzed.

Abstract: Located on the banks of the Buriganga River, Dhaka is the capital of Bangladesh . Along with its metropolitan Dhaka has a population of over 12 million. Day by day Dhaka is badly affected by huge traffic jam. Due to traffic jam a substantial portion of working hours have to be left on streets which create adverse impact on economy. Traffic jam has also many other negative impacts on economy, environment and human life. For this purpose this paper has given its attention on the impacts of traffic jam in Dhaka city.

Abstract: The MSME (Micro Small and Medium Enterprises) sector in India has been of considerable importance since Independence. The small and medium sector contributes 39 per cent of the total GDP and 34 per cent of the total exports of the country. The sector provides employment to 29.5 million people in rural and urban areas of the country and has emerged as the second largest employment providing sector in the country after agriculture. The small and medium sector has been recognized as engine for growth in the country. Keeping in view the importance of this sector efforts have been made by the government to ensure steady availability of financial resources. SIDBI (Small Industries Development Bank of India) is the apex institution for making available financial resources to the small scale industries. In this paper, a financial analysis of the development financial institution SIDBI in the post liberalization period has been conducted with a view to analyze its function in the changed operating environment after 1991.

Keywords: DFI (Development Financial Institution), Equity Share Capital, Capital Adequacy Ratio, ROTA (Return on Total Assets), NPAs (Non Performing Assets).

Abstract: This paper assesses two things. Firstly, it studies the social factor of Irular. Secondly it analyses those employment avenue. For this study selected two blacks from Cheyyar taulk, Thiruvannamalai district. These blacks such as Anakkavor and Vembakkam are south and north direction respectively to Cheyyar town. This town exists more distant to district head quarter. A sample of 50 members selected from each block. The paper presents structure of Irular. The finding shows that positive relation between social factor and employment.

Abstract: Financial information is the blood stream of investment decision making. This research aims to examine changes in the performance of stock market around two major events. The events have been carefully selected to study the impact of both fortunate and unfortunate information on the stock market activity. The first event is the restoration of Mr. Iftikhar Muhammad Choudry as the Chief Justice of Pakistan on July 20th, 2007 and the second event selected is the assassination of former Prime Minister, Ms. Benazir Bhutto on December 27th, 2007 so the study will examine the period from June 2007 to February 2008. Both events occurred at a short span of each other and can provide valuable insight in the proceedings of stock market when investor activity soars. The information accompanying an unanticipated event may be available in varying degrees initially to the investors and the stock market may run the risk of a chaotic volatility. This study will find how Karachi Stock Exchange experienced reacted to these shocks.

Keywords: Banking Sector, External Shocks, Karachi Stock Exchange, Stock Market Reaction, Unanticipated Events

Abstract: Empirically investigation relationship between foreign investment and economic growth in Nigeria between 1970 to 2012 was set up. The paper makes the proposition that there is endogeniety, that there is bidirectional relationship between foreign investment and Economic growth are jointly determined in Nigeria and there is positive feedback from foreign investment and economic growth. The overall policy implication of the result is that policies that attract more foreign investment to the economy, greater openness and increased private participation will need to be pursued and reinforced to ensure that the economy capture greater spillovers from foreign investment and attains higher economic growth rates, based on this the study recommended the provision of adequate infrastructure and policy framework that will be conducive for doing business in Nigeria, so as to attract the inflow of foreign investment to stimulate growth.

Keywords: Impact, Investment, Nigeria, Economy.

Abstract: Financial Crises is a global phenomenon, a situation in which the values of financial institutions or assets drop rapidly. It applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their values. This topic 'The Effects of Global Financial Crises on the Nigerian Stock Exchange tend to bring limelight the historical background, theories, causes and effects of financial crises mostly in the country's stock exchange. It aims of equipping the Readers, Economics and other Stakeholders in the economics and financial sector with the right knowledge to face the challenges brought about by this ugly phenomenon with the view of controlling and reducing its effects to the barest minimum.

Keywords: Effects, Global, Financial Crisis, Nigeria, Stock, Exchange.

Abstract:SACCO's are restricted in terms of where to invest their funds of deposits, SACCO Act (2008). This research was designed to investigate the credit information influence loan volume granted by selected deposit taking SACCOs in Nyeri County in Kenya. The study was guided by the following objectives borrowers credit history, the account movement of borrowers and to identify client morals or ethics of borrowers. The target population of the study was selected from all SACCO employees of the five licensed deposit taking
SACCOs in Nyeri County. The total target population is 135. The researcher used stratified random sampling technique resulting to a sample size of 100 respondents. Data from the respondents was done by use of questionnaires which contained both open and closed ended questions. Data analysis involved the use of inferential statistics especially the correlation coefficient ( r ) and coefficient of determination (r 2) which is a simple descriptive statistics.

Abstract: The study employs Fama-French-Carhart Multifactor Model to investigate the significance of Firm Size, Book-to-Market ratio and Momentum in explaining variations in returns of stocks listed on the UK equity market using monthly stock data of 100 randomly selected UK stocks from January 1996 to December 2013 collected from DataStream 5.0. The empirical results from the Ordinary Least Square (OLS) regression analysis of the test of the multifactor model found firm size insignificant for three of the six portfolios formed; the value factor (book-to-market ratio) significant for all the six portfolios while the momentum factor is significant for the three portfolios with big market capitalization stocks. Overall, the empirical results indicate the presence of value effect among small-cap and big-cap stocks and momentum effect among big-cap stocks in the London Stock Exchange. Firm size is not found to be a reliable significant factor in explaining stock returns in the equity market.

Keywords: Beta, Fama-French-Carhart Multifactor Model, London Stock Exchange, Risk, Stock Returns

Abstract: The study examined the influence of deregulation on the relationship between foreign aid and fiscal behaviour in Nigeria. The equation which described foreign aid as function of important fiscal variables and other macroeconomic variables is derived from the famous two-gap model. Chow test is used to examine if there is any structural changes since the adoption of deregulation that has significantly affected the relationship between foreign aid and fiscal behaviour. The result shows that deregulation has positively and significantly affected the impact of fiscal behaviour in Nigeria on foreign aid accessibility. But the effect has been short-lived recently owing to the recent drastic fall in foreign aid available to Nigeria despite the sustained increase in both government revenue and expenditure. It is recommended that assessment of other shocks that can affect the fiscal behaviour in Nigeria should be conducted with a view to getting the reason why deregulation fails to maintain positive relationship that exists between fiscal behaviour and foreign aid in Nigeria.