Version-1 (Jan-Feb 2016)
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| Paper Type | : | Research Paper |
| Title | : | Microfinance Banks Activities and Standard of Living in Nigeria |
| Country | : | Nigeria |
| Authors | : | I.G. Okafor |
Abstract: Among the goals of democratically elected governments world over, especially in the developing countries is to uplift the standard of living of the citizens. Absence of quality standard of living leads to a mirage of social ills. Low standard of living is associated with poverty. Poverty is associated with lack of necessary wherewithal. Availability of credit is one source to fight poverty. Microfinance banks are friendly institutions available to the poor. They provide the poor the needed credit. This study sets out to examine the impact of microfinance banks activities on the standard of living in Nigeria. Annualized time series for twenty years covering the period (1993-2012) were collated from the Central Bank of Nigeria (CBN), National Bureau of Statistics (NBS) and National Population Commission (NPC).
[1]. Bateman, M. (2011).Muhammad Yunus and faltering reputation of microfinance.Milfordbateman@yahoo.com
[2]. Bello and Roslan (2010). Has poverty reduced in Nigeria 20 years after? European Journal of social sciences. 15(1) 7-17.
[3]. Central Bank of Nigeria – CBN (2005). Regulatory and Supervisory framework for Microfinance banks in Nigeria.
[4]. Central Bank of Nigeria (2005). Regulatory and Supervisory Framework for microfinance Banks in Nigeria.
[5]. Central Bank of Nigeria (2011).Statistical Bulletin.
[6]. Chavan, P. and Ramakumar, R. (2002): Micro credit and rural poverty: An analysis of empirical evidence, Economic and Political Weekly 37(10), 955-965.
[7]. David (2011). Outward oriented developing economies really do grow more rapidly: evidence from 95 least develoed countries. Change, 40 (3), 523-544.
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| Paper Type | : | Research Paper |
| Title | : | The Relationship between Revenue Diversification and Government Spending In Cross River State |
| Country | : | Nigeria |
| Authors | : | Ejoh, Ndifon Ojong (Ph.D) || Okpa, Inah Bassey || Ogon, Akpeh Edung |
Abstract:In recent decades, revenue diversification has become a prevalent practice in state government finance. The trend of revenue diversification, according to the portfolio theory, has far-reaching implication for public financial management as it may change revenue stability, which has been an important policy objective for state government administrators. This study explores how revenue diversification affects government spending. The study adopted the survey design with data collected from both primary and secondary sources. After presenting and analyzing the collated data, the formulated hypothesis was tested using Regression model in SPSS 20. The result revealed that the diversification of public revenue reduces revenue fluctuation. It was thus recommended that to minimize revenue volatility, government should purposefully define a set of economic activities as tax base and create a tax portfolio with multiple revenue sources and low elasticity
Keywords: Revenue diversification, Government spending, Revenue stability, Tax base, Tax portfolio, Economic base.
[1]. Babalola, R. (2009), Boosting Government Revenue through Non-Oil Taxes
[2]. Braun, B. M., & Otsuka, Y. (1998). The Effects of Economic Conditions and Tax Structures on State Tax Revenue Flow International Advances in Economic Research, Volume 4(No.3), 259-269.
[3]. Brealey;, R. A., & Myers, S. C. (1991). Principles of Corporate Finance (4th Edition ed.): McGraw-Hill, Inc.
[4]. Dye, R. F., & Merriman, D. F. (2004). State Revenue Stability: Alternative Conceptualizations. Paper presented at the National Tax Association Annual Conference. Session Title:New Ideas about State Fiscal Stability.
[5]. Fagbemi, T. O., O. M. Uadiale and A. O. Noah (2010):"The Ethics of Taxation Evasion: Perceptual Evidence from Nigeria" European Journal of Social Sciences, Volume 17, Number 3
[6]. Froeschle, R. (2005). WHAT TO DO WITH ALL THIS DATA? The Role of Economic Base Analysis in Regional Economic Development Unpublished unpublished paper.
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| Paper Type | : | Research Paper |
| Title | : | Corruption Impacts on Growth and Development of the Moroccan Society |
| Country | : | Morocco |
| Authors | : | Ktit Jalal || Machrafi Mustapha |
Abstract:The interest of this paper is to examine the slowdown in economic growth because of the endemic corruption that tends to hinder private investment, reduce the quality of public investment, promote the development of an annuity Economy and paralyze the development of the whole Moroccan society. The analysis of the existing theoretical and empirical literature on this subject shows that corruption leads to an important socio-economic cost. The prevalence of this problem may explain the poor performance of companies. by favoring certain rentier sectors, Corruption affects the optimal distribution of public expenditure. It may take the form of a tax on productive enterprise thereby discouraging investment.
[1]. Acconcia A., Marcello D'Amato and Riccardo Martina; (2003); "Corruption and Tax Evasion with Competitive Bribes"; CSEF working papers, n. 112.
[2]. Anoruo, E. et Braha, H. (2005), Corruption and Economic Growth: the African Experience, Journal of Sustainable Development in Africa, 7(1), 43-55.
[3]. Aysan, F., Nabli, K. et Veganzones-Varoudakis, A. (2007), Governance institutions and private investment: An application to the MENA, Developing Economies, 45(3), 339-377.
[4]. Baliamoune-Lutz, M. et Ndikumana, L. (2007), Corruption and Growth in African countries: Exploring the Investment Channel, African Economic Conference 2007, United Nations ECA Working Papers.
[5]. Benali D. La corruption obstacle au développement. Revue pôle de compétences en économie. N°1 Rabat 2002.
[6]. Bouzahzah, M et jellal M, (2012), rente et corruptiopn au Maroc théories et évidences.
[7]. Work Paper. Almakhrizi Institut d'économie.
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| Paper Type | : | Research Paper |
| Title | : | The Impact of Tax Revenue on Economic Growth: Evidence from Nigeria |
| Country | : | Nigeria |
| Authors | : | Cornelius M. Ojong || Ogar Anthony || Oka Felix Arikpo |
Abstract: The study examined the impact of tax revenue on the Nigerian economy. The objectives of the study were; to examine the relationship between petroleum profit tax and the Nigeria economy, the impact of company income tax on the Nigerian economy and the effectiveness of non oil revenue on the Nigerian economy. Data were sourced from Central Bank Statistical Bulletin and extracted through desk survey method. Ordinary least square of multiple regression models was used to establish the relationship between dependent and independent variables. The finding revealed that there is a significant relationship between petroleum profit tax and the growth of the Nigeria economy. It showed that there is a significant relationship between non oil revenue and the growth of the Nigeria economy
[1]. Adereti, S. A., Adesina, J. A. and Sanni, M. R. (2011). Value added tax and economic growth of Nigeria. European Journal of Humanities and Social Sciences, 10(1): 455-471
[2]. Ahuja, H. L. (2012). Modern economics analytical study of microeconomics, macroeconomics, money and banking, public finance, international economics and economics of growth and development (17th ed.). New Delhi: S. Chand & Company PVT. Ltd.
[3]. Akwe, J. A. (2014). Impact of non-oil tax revenue on economic growth: The Nigerian perspective. International Journal of Finance and Accounting, 3(5): 303-309. DOI: 10.5923/j.ijfa20140305.04
[4]. Angahar, P. A. and Alfred, S. I. (2012). Personal income tax administration in Nigeria: challenges and prospects for increased revenue generation from self employed persons in the society. Global Business and Economics Research Journal, 1(1): 1-11.
[5]. Anyanwu, J.C. (1993). Monetary Economics: Theory, Policy and Institutions. Hybrid Publishers, Onitsha.
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| Paper Type | : | Research Paper |
| Title | : | Impact Of Micro Finance On Selected Socio-Economic Variables |
| Country | : | India |
| Authors | : | Rajib Chakraborty |
Abstract: Development is incomplete if women are kept out of the economic activities and social benefits. Ensuring equal participation in the economic activities is not only the way to make the development agendas achievable but also would stop all forms of discrimination and brings equality, excellence, and economic prosperity to the society. In the fast pace of urbanization, rural development has attained growing attention in the economic policy. As a result, micro finance, the tested mechanism of poverty alleviation has become a tool to bring changes in the rural economy.
[1]. Armendariz, B., & Morduch, J. (2005). The Economics of Microfinance. Cambridge, USA. MIT Press.
[2]. Conroy, J., & McGuire, P. (2000). The Role of Central Banks in Microfinance in Asia and the Pacific. Vol.1. Manila: Asian Development Bank.
[3]. Chakravarty, S. (1984). Aspects of Indian Development Stretegy for 1980's. Economic and Political Weekly, Vol. XIX, Nos. 20 & 21, May 19-26.
[4]. DDP (2013). BIRDEM with the support of National Food Policy Capacity Strengthening Programme (NFPCSP).
[5]. Hossain. M, (2002). Credit for Alleviation of Rural Poverty: The Experience of Grameen Bank in Bangladesh. Early Impact of Grameen: A Multi- Dimensional Analysis: Outcomes of a BIDS Research Study. Grameen Trust, Dhaka.
[6]. Khandker (2000). Savings, Informal Borrowing, and Micro Finance': The Bangladesh Development Studies. Vol. XXVI Nos.2 & 3, June-Sept, Special Issue on Micro finance and Development: Emerging Issues.
[7]. National Report on Sustainable Development (2012). Ministry of Environment and Forests, Peoples' Republic of Bangladesh.
[8]. Osmani, L. N. K. (2007). A Breakthrough in Women's Bargaining Power: The Impact of Microcredit. Journal of International Development, 19(5): 695-716.)
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| Paper Type | : | Research Paper |
| Title | : | Modified Wald Test Approach into Causality between Electricity and Manufacturing Sector in Nigeria |
| Country | : | Nigeria |
| Authors | : | Yahaya Yakubu || Suhaila Abdul Jalil |
Abstract: Nigeria has experienced years of epileptic power supply. This has a dimensional effect on different sectors of the economy. In the modern production system where production is mainly machine-driven, electricity is seen as a primary factor in the production function. Poor electricity is therefore assumes to lead to malfunction in sectors that only perform well with electricity. The Nigerian manufacturing sector has turned moribund over years. This has been attributed to the gross under supply of electricity in the country.
[1]. Adenikinju, A. F. (1998). Productivity growth and energy consumption in the Nigerian manufacturing sector: a panel data analysis. Energy Policy, 26(3), 199–205. http://doi.org/10.1016/S0301-4215(97)00098-0
[2]. Adenikinju, A. F. (2003). Electric infrastructure failures in Nigeria: a survey-based analysis of the costs and adjustment responses. Energy Policy, 31(14), 1519–1530. http://doi.org/10.1016/S0301-4215(02)00208-2
[3]. Akaike, H. A. I. (1974). A New Look at the Statistical Model Identification. IEEE TRANSACTIONS ON AUTOMATIC CONTROL, AC-19(6), 716–721.
[4]. Akinlo, A. E. (2008). Energy consumption and economic growth : Evidence from 11 Sub-Sahara African countries. Energy Economics, 30, 2391–2400. http://doi.org/10.1016/j.eneco.2008.01.008
[5]. Akinlo, A. E. (2009). Electricity consumption and economic growth in Nigeria: Evidence from cointegration and co-feature analysis. Journal of Policy Modeling, 31(5), 681–693. http://doi.org/10.1016/j.jpolmod.2009.03.004
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| Paper Type | : | Research Paper |
| Title | : | Effect of Accounts Receivable on Financial Performance of Firms Funded By Government Venture Capital in Kenya. |
| Country | : | Kenya |
| Authors | : | Kilonzo Jennifer Mbula || Dr. Memba S.F. || Dr. Njeru A |
Abstract: This study sought to establish the effect of accounts receivable management on financial performance of firms funded by Government venture capital in Kenya. The study's objective was to determine the effect of accounts receivable management on firms' financial performanceand explore the moderating effect of political environment on a firm's financial performance. The target population comprised all firms (24) funded by government venture capital in Kenya. The study adopted a census approach because of the small number of firms. The study reviewed both theoretical and empirical literature on accounts receivable management. From the review of related literature, a comprehensive conceptual framework of argument of the relationship between accounts receivable management and firm financial performance was formulated.
[1]. Abuzayed, B. (2012). Working Capital Management and Firm performance in emerging Markets: The case of Jordan. International Journal of Management Finance, 155-179.
[2]. Ahmet, G. S., and Emin, H. C. (2012). Effects of working capital management on firms performance. International Journal of Economics and Financial Issues, Vol. 2(4), 488-495.
[3]. Al-Mwalla, M. (2012). The impact of working capital management policies on firm profitability and value: The case of Jordan. International Research journal of finance and economics, 85: 1-9.
[4]. Baveld, M. B. (2012, 12 19). Impact of working capital management on the profitability of public listed firms in the Netherlands during the financial crisis. Retrieved from Puri-utwente web site: http://puri.utwente.nl/essays/61524
[5]. Deloof, M. (2008). Does working capital management affect profitability of Belgian firms? Journal of Business Finance and Accounts, 30(3-4), 573-588.
[6]. Eliots, V. (2009). The role of customers in financial profitability. Journal of Management and Education, 11(12): 2-5.
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| Paper Type | : | Research Paper |
| Title | : | Importance of Accounting Information to Investors in the Stock Market: A Case Study of Libya |
| Country | : | Libya |
| Authors | : | Rjaa Mohamed H. Farj || Mohammad B. Jais || Abu Hassan B.Md Isa |
Abstract: This study aims at investigating the importance of accounting information contained in the corporate annual reports published in the Libyan Stock Market from the perspective of investors as primary users of these reports. A set of questionnaires was used to gather information from all shareholders. The findings indicated that corporate financial reports are useful despite that they are not the most sought-after source of information influencing investors' decisions. Libyan investors depend mainly on the pieces of advice obtained from brokers to take their decisions thenlooking at corporate annual reports.
[1.] Abdelkarim, N., Shahin, Y. A., &Arqawi, B. M. (2009). Investors‟ perception of information disclosed in financial reports of Palestine Securities Exchange listed companies. Accounting and Taxation, 1 (1), 45-61.
[2.] Abu- Nassar, M., & Rutherford, B. A. (1996). External users of financial reports in less developed countries: The case of Jordan. British Accounting Review, 28,73-87.
[3.] Alanezi, F., Alfraih, M., &Almujamed, H. (2014).Kuwait stock market participants‟ perceptions and information useful to the investment decisions.International journal of business and management, 9 (6), 58-71.
[4.] Aljbiri, A. (2012). The Performance of Libyan Stock Market., Acta Univ. Agric. Silvic.MendelianaeBrun, 60, 27-38.
[5.] Al-Mubarak, F. (1997).The Usefulness of Corporate Annual Reports to Investment Analysts in Saudi Arabia.Unpublished Ph.D. Thesis, University of New Castle.
[6.] Al-Sawalqa, F. (2012). Different Sources of Corporate Financial Information and Investment Decision Opportunity: Evidence from Amman Stock Exchange. International Journal of Business and management, 7 (7), 110-120.
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| Paper Type | : | Research Paper |
| Title | : | A comprehensive analysis of Innovations and Growth Factor Affecting Startups |
| Country | : | India |
| Authors | : | Dr. Anil Saxena |
Abstract: Businesses are an important part of every economy. It provides jobs and relieves the financial strain on many families. The number of start-ups launched is quite high, and the number of start-ups that fail is significantly linked. Environmental, social, technological, and political variables are acknowledged to be the most prevalent causes of startup failure. Knowledge in the relevant startup field, leadership skills, finance, marketing, and promotion are all important variables that influence the performance of businesses. The goal of this study is to delve into the elements that impact start-up creativity and to identify characteristics that will aid in getting funding. Using three distinct models, the pooling model, fixed effect model, and random model, as well as further research using the Hausman test, it was discovered that factors such as funding had a higher impact on innovation.
Keywords: Financing, Business, Innovation, Startup, Small Business
[1]. Gompers, P., Kovner, A., Lerner, J., Scharfstein, D., 2008. Venture capital investment cycles: the impact of public markets. Journal of Financial Economics 87, 1–23.
[2]. Ou, C. (2011) Statistical databases for research on the financing of small and start-up firms in the united states: An update and review ( Book Chapter) Advances in Entrepreneurial Finance: With Applications from Behavioral Finance and Economics pp. 219- 250
[3]. Ghisetti Et al, (2017). Financial barriers and environmental innovations: evidence from EU manufacturing firms. Climate Policy17, pp. S131-S147
[4]. (Rhodes-Kropf , M). Is the VC Partnership Greater than the Sum of its Partners? /(M. Rhodes-Kropf) [Journal of Finance, 2015
[5]. Schäfer, D., Stephan, A., Mosquera, J.S. 2017 Family ownership: does it matter for funding and success of corporate innovations? Small Business Economics 48(4), pp. 931-951