Volume-4 ~ Issue-6
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| Paper Type | : | Research Paper |
| Title | : | Balanced Scorecard financial measurement of organizational performance: A review |
| Country | : | Nigeria |
| Authors | : | Dr A A Malgwi & H. Dahiru |
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: | 10.9790/5933-0460110  |
Abstract: This paper reviewed some existing literature on balanced scorecard (BSC) as a performance tool for evaluating business organizations holistically. It makes use of four perspectives namely financial, customer, internal business process, learning and growth. Secondary sources of data were used in the review. Business managers are tasked with the responsibility of ensuring smooth operations of business activities tailored towards achieving organizational goals. The review result showed that a lot of benefits have been identified by those that adopted the model despite some limitations. The paper recommended for awareness and adoption of the model to achieve organizational goals.
Keywords: Balanced scorecard, financial measurement, organizational performance
[1]. Aaron D. C.& Debusk G. k. (2008) The effects of adopting Balanced Scorecard on shareholders returns. Advances in accounting incorporating, advances in international accounting, USA.
[2]. Al-Najjar S.M.and Kalaf K.H. (2012) Designing a balanced scorecard to measure a bank‟s performance, A case study. International journal of business administration vol.3 (No.4) July, 2012. Retrieved via www.google.com on 23/8/2013.
[3]. Atarere, O.Iand Oroka, O.V (n.d), Roles of balanced scorecard in improving the performance of microfinance banks in Nigerian economy. International journal of research and development, Retrieved via www.google.com on 23/8/2013.
[4]. Behery, M. H.(2005) Change And Culture: The Balanced Scorecard And The Egyptian Fertilizer Manufacturing Sector – (A Thesis Submitted In Partial Fulfillment Of The Requirements Of Glasgow University For A Doctoral Degree At The University Of Glasgow, University of Glasgow, November 2005).
[5]. Chabrow, E. (2002). Keep ‟em happy. Information Week,September 23 907, 20-22.
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| Paper Type | : | Research Paper |
| Title | : | Role of Monetary Policy in Combating Inflation |
| Country | : | India |
| Authors | : | Himani |
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: | 10.9790/5933-0461120 |
Abstract: In every country government takes some actions in Economic field that cover the systems for setting Interest Rates & Government Budget as well as labor market, National ownership & many other areas of government interventions into the Economy. Such policies are often influenced by International Institutions like IMF or World Bank as well as political beliefs & consequent policies of parties. There are many types of Economic policy. A few examples of the kind of economic policies that exist include: Macro Economic Stabilization Policy, Individual Policy, Fiscal Policy and Monetary Policy. In this paper we will study whether the monetary policy really a helpful technique in combating Inflation in country like India or not?
[1]. Reserve Bank of India: Report on Currency and Finance, Various Years, (1991-2010), Mumbai.
[2]. De Kock, M.H. 1956. Central Banking, Granada Publishing Limited, New Delhi, pp.146-175.
[3]. Baye, Michael.R. and Jansen, Dennis. W. 2000. Money, Banking and Financial Markets- an Economics Approach, AITBS Publishers, Delhi, pp.474-477.
[4]. Reserve Bank of India: RBI Occasional paper (special edition, 2009), Mumbai.
[5]. Reserve Bank of India, various publications, (1991-2010), Mumbai
[6]. Government of India: Economic Survey, 2009-10, New Delhi
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| Paper Type | : | Research Paper |
| Title | : | Exchange Rate and Balance of Payment: An Autoregressive Distributed Lag (Ardl) Econometric Investigation on Nigeria |
| Country | : | Nigeria |
| Authors | : | Okwuchukwu Odili |
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: | 10.9790/5933-0462130 |
Abstract: This study examines the impact of exchange rate on balance of payment in Nigeria, using annual data from 1971 to 2012. The empirical methodology employed autoregressive distributed lag (ARDL) co-integration estimation technique to detect possible long-run and short-run dynamic relationship between the variables used in the model. The study also tested the Marshall-Lerner (ML) condition to see if it is satisfied for Nigeria. The results provided evidence in favour of a positive and statistically significant relationship in the long-run and also a positive but statistically insignificant relationship in the short-run between balance of payment and exchange rate. The results further revealed that depreciation/devaluation improves balance of payment and that Marshall-Lerner (ML) condition subsists for Nigeria. The study recommends policies that will discourage excessive importation and promote incentive based export promotion programmes. It further recommends diversification of the economy and the promotion of entrepreneurial development in Nigeria.
Keywords: Exchange Rate, Autoregressive Distributed Lag Model, Balance of Payment, Marshall-Lerner Condition.
[1]. Akpansung, A.O. (2013), "A Review of Empirical Literature on Balance of Payment as a Monetary Phenomenon‟. Journal of Emerging Trends in Economics and Management Sciences (JETEMS) 4(2): 124-132.
[2]. Ardalan, K. (2003), "The Monetary Approach to Balance of Payments. A Review of the Seminal on Long-Run Empirical; Research, Proceedings of the Academy of Economics and Economic Education, 6(2): 9-24.
[3]. Beatrice, K.M. (2001), "Long-Run and Short-Run Determinants of the Real Exchange Rate in Zambia‟, Working Papers No. 40. Available at http://www.handels.gu.se/econ/
[4]. Boyd, D., Caporale, G.M. and Smith, R. (2001), "Real Exchange Rate Effects on the Balance of Trade: Co-integration and the Marshall-Lerner condition: International Journal of finance and Economics, 6:187-200.
[5]. Caves, R.E. and Jones, R.W. (1981),‟ World Trade and Payments‟: An Introduction, Canada. Litter Brown and Company Inc, pp. 112.