Frequency: Quarterly E- ISSN: 2250-0235 P- ISSN: 2249-1007 Abstracted/ Indexed in: CNKI Scholar (China National Knowledge Infrastructure), Ulrich's International Periodical Directory, Google Scholar, SCIRUS, Genamics JournalSeek, getCITED, JOURNAL directory, EconBiz
Quarterly published in print and online "Inventi Impact: Microfinance & Banking" publishes high quality unpublished as well as high impact pre-published research and reviews catering to the needs of researchers and professionals. The journal welcomes papers in all the areas of banking and finance with particular emphasis on alternative investments, banking efficiency, banking regulation, bank solvency and capital structure, behavioural finance, corporate finance, credit rating, empirical finance, financial applications of decision theory or game theory, financial economics, financial engineering, financial forecasting, financial risk management and analysis etc.
Ebankingisdefinedastheautomateddelivery\r\nof new and traditional banking products and services\r\ndirectly to customers through electronic, interactive\r\ncommunication channels. ââ?¬Å?Pure onlineââ?¬Â banks are\r\ncharacterized by the absence of physical windows and\r\nfrontoffice personnel. Traditional banks are still\r\nintegrating traditional distribution channels with online\r\nones;thescenarioisthereforestillevolvingovertime.\r\nDespitetheintrinsicpotentialities,Italyisfarfrombeing\r\naleaderintheusageofinnovativeonlineinstrumentsin\r\nthe banking system and will struggle with new\r\ninnovationwaves.\r\nIn this paper, we measure the potential effective e\r\nbanking usage. Furthermore, we investigate the\r\nbehaviour of users and adopters, identifying the major\r\ncausesinfluencingsatisfactionandusageandtheimpact\r\nof these different causes on the intensity of utilization.\r\nThe analysis is based on a panel of 495 real users, thus\r\nallowing the profiling of the Italian adopter to discover\r\nthecausesofusageandoutlinestrategiesforthegrowth\r\nofebankingservicesinItaly....
Background: In their quest to address poverty and uneven income and\nwealth distribution often attributed to low economic growth performance\nand low labour returns amongst others, the governments of the developing\ncountries through their respective central banks came up with the microfinance\npolicies. In Nigeria, the central bank came up with a policy in 2004,\nwhich aims to give micro, small and medium enterprises access to informal\nfinancial services to boost their capacity towards economic growth and development.\nWhile this policy has reduced the level of poverty among the\nlow-income populace, the operations of the microfinance institutions are receiving\nincreasing threats from the beneficiaries, especially loan default,\nwhich is often as a result to multiple borrowing. Methods: A cross-sectional\nstudy using a mixed method approach was adopted for the study. The questionnaires\nwere distributed to eligible persons and the responses analysed using\nSPSS version 24 and a simple Microsoft Excel. The respondents were\nclients from three randomly selected microfinance institutions in Yola, Adamawa\nState, Nigeria. Results: The outcome of this study has shown that while\nabout 66% multiple borrowing incidences from various microfinance institutions\nwere very high, 91.43% and 77.14% of the respondents believed that\nmultiple borrowing and loan default, respectively, could be prevented\nthrough the use of a common database. Conclusion: It is recommended that\nmicrofinance banks and institutions should invest in implementing a common\ndatabase for managing client requirements and minimizing concurrent\nborrowing and loan defaults....
At present cement sector is an emerging market. The most important reason of this is the increase infrastructure investments. Also performance of finance system, and increase in investments will a?ect the cement demand.Cement companies have wide impact on capital and credit markets of a country. statistical society is all 28 cement companies which accepted in Tehran Exchange Exchange.This study presents comparison of financial performance for the period 2006ââ?¬â??2009 by using financial ratios and measures of cement companies working in Iran.Financial ratios are divided into three main categories and measures including two indicators.This work concludes that the performance of cement companies on the basis of profitablity ratio is different than on the basis of liquidity ratio, leverage financial....
This article draws on stylized facts to build a dynamic portfolio allocation\nmodel of sovereign wealth funds (SWF). We show that a traditional dynamic\nMerton allocation model allows for the stylized evidence that, on the one\nhand, the shares of monetary assets in such funds grow with the risk aversion\nof the state-investor in time, and on the other hand, these funds include the\npresence or absence of hedge funds correlated to the financial situation. One\nweakness of this model is its prediction of a lower risk/riskier asset ratio for\nsovereign stabilization funds and generational savings sovereign funds. This\nresult contradicts the stylized fact of a lower risk/riskier asset ratio in stabilization\nfunds than in generational savings funds. A dynamic model inspired\nby the theoretical framework of Bajeux-Besnainou et al. [1] is compatible\nwith all the stylized facts....
The purpose of this study is to determine the financial impacts of applying low-carbon projects stemming from the\nKyoto Protocols on a sample of firms in the People�s Republic of China (PRC). By financial impacts we refer to the\nusual impacts on firms reflected in the financial reports of firms. The projects referred to as CDM aimed at reducing the\ndemand and use of inefficient methods or producing and operating power generation resulting in high carbon emissions\nhaving negative effects on the ecology of the planet. We studied financial aspects of the projects to determine whether\nthe sampled firms were harmed in a financial way by the implementation and results of the Kyoto sponsored projects.\nWe do not cover all projects but a sample of those started and implemented in the PRC....
Bitcoin, as a cryptocurrency and an alternative payment solution has gained popularity in certain circles. Existing\nliterature offers discussions that are very specific, oftentimes about Bitcoin-related technical issues, but few takes the\nperspective of an overview that offers an understanding of how Bitcoin may work to the potential user. Though some\nlevel of technical understanding is required to appreciate the workings of Bitcoin, it is not necessary to fully understand\nBitcoin�s computational system. The goal of this paper is to provide a working overview to Bitcoin, while highlighting\ncurrent issues and possible advantages. Published literature is reviewed, along with current developments published on\nreliable Bitcoin-related websites and news reports, to ensure relevancy and timeliness as far as possible. The research\nconducted revealed that Bitcoin has many issues to be resolved before it can be taken as a mainstream payment option\nand currency, but has defined advantages that may only be developed with the advancement of time and consequently\ntechnology....
Traders in the financial world are assessed by the amount of money they make and, increasingly, by the amount of money they make per unit of risk taken, a measure known as the Sharpe Ratio. Little is known about the average Sharpe Ratio among traders, but the Efficient Market Hypothesis suggests that traders, like asset managers, should not outperform the broad market. Here we report the findings of a study conducted in the City of London which shows that a population of experienced traders attain Sharpe Ratios significantly higher than the broad market. To explain this anomaly we examine a surrogate marker of prenatal androgen exposure, the second-to-fourth finger length ratio (2D:4D), which has previously been identified as predicting a trader's long term profitability. We find that it predicts the amount of risk taken by traders but not their Sharpe Ratios. We do, however, find that the traders' Sharpe Ratios increase markedly with the number of years they have traded, a result suggesting that learning plays a role in increasing the returns of traders. Our findings present anomalous data for the Efficient Markets Hypothesis....
Payment optimization has been a concern of the corporate and academic. This\narticle discusses the four conditions of the social insurances and the housing\nfund as a kind of benefit. The goal is to maximize the employee�s benefits.\nAnd the cardinal factors of compensation, such as monthly salary and the\nyear-end bonus, are took into account as an entire. This paper takes into account\nthe impact of social insurances and the housing fund on labor cost. It\nmakes labor cost as a constraint to construct the compensation optimization\nmodel. And this paper takes the actual data of M company as an example.\nThis paper makes up for the deficiency of social insurances and the housing\nfund in the field of tax planning. It has instructive points in the controlling of\nlabor cost and incentive....
Internet is a very exciting medium to look into especially with regards to presentation,\r\ndisclosure and financial reporting. The Internet also has become one of users� most\r\nfrequently used sources of information. Consistent with the innovation of the Internet as a\r\ncheap but powerful communication device, disclosure of financial and non-financial\r\ninformation on the Internet is becoming an increasingly popular subject of research. Internet\r\nreporting or e-reporting is a very powerful and useful tool for financial reporting\r\ninformation. Internet Financial Reporting (IFR) has become quite a trendy practice of\r\ncommunicating with stakeholders in recent times. World Wide Web (WWW) technologies\r\nare extensively used by ever-increasing number of companies around the world. A growing\r\npercentage of those companies have created and promoted websites on the Internet. There\r\nhave been tendencies to disseminate information on their websites, including financial data,\r\nfinancial performance, social and environmental issues, corporate information, corporate\r\ngovernance, marketing and other information. At this point, a significant amount of academic\r\nresearch has been established in the area of IFR in developed countries such as the United\r\nStates, United Kingdom and other European countries. On the contrary, very few studies are\r\ncarried out in developing countries. Previous IFR studies are divided into three main groups:\r\nsingle-country studies, multi-country studies and international studies. Methodologically,\r\nstudies on IFR are categorized into three main groups: descriptive research, comparative\r\nresearch and explanatory research. This paper seeks to contribute to the existing body of\r\nknowledge concerning online financial reporting by reviewing and documenting the\r\nresearch of IFR....
Trust in prior marketing research is considered to be the milestone in the dealing between\ntwo entities. Likewise, information systems� researchers considered customer�s trust in eServices\nto be an essential element in accepting such services. In the case of internet banking\nservices (IBS) in the Jordanian context, the early stage of trust will be under investigation\nsince the majority of people are not adopters for IBS. The main aim of this paper is to identify,\ndefine, and categorise the factors that influence Jordanian�s initial trust in IBS. A systematic\nqualitative literature survey approach has been adopted and reports the following categories:\nfirstly, trust bases category includes: personality-based trust, cognition-based trust\n(Reputation), institutional-based trust (structural assurance); secondly, Information\nTechnology category includes website factors (security, privacy, and general online\nexperiences); thirdly, social factors (national culture); finally, diffusion of innovation factors:\nRelative advantages and compatibility. The selection of the previous factors depends on the\nuser characteristics (no prior experience in IBS), and context characteristics (national\nculture of the Jordanian context). These factors can be useful for increasing organisations�\n(i.e. banks) understanding and addressing customer�s initial trust in IBS in the Jordanian\ncontext....
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