Frequency: Quarterly E- ISSN: 2250-0235 P- ISSN: 2249-1007 Abstracted/ Indexed in: Ulrich's International Periodical Directory, Google Scholar, SCIRUS, Genamics JournalSeek, getCITED, JOURNAL directory, EconBiz, EBSCO Information Services
Quarterly published in print and online "Inventi Impact: Microfinance & Banking" publishes high quality unpublished as well as high impact pre-published research and reviews catering to the needs of researchers and professionals.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....
Disclosures can be manipulated in a variety of ways, undermining their transparency and credibility. This paper shows that IM remains relevant, as it can be assessed and adapted from the perspective of trending accounting topics, despite the wide variety of IM strategies and investigation lines that have been explored since the seminal research in the last decade of the 20th century. Textual analysis tools are used to assess the Scopus database by 27th August 2022. The findings indicated that seminal papers primarily manipulated or obfuscated information to stakeholders by analyzing graphs and messages. Moreover, papers originally focused on mandatory (financial) information, but they soon expanded to include voluntary (non-financial) information, enriching the sources, contents, and types of analysis. Stakeholder perspectives, as well as data from small and medium, non-profits, and government entities, may be appropriate for future research....
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....
Globally, financial inclusion is regarded as being crucial for balancing an economy’s financial system. However, despite the significance of financial inclusion, it still needs to be clarified to identify what factors are responsible for the diverse trend of financial inclusion in the forty-five Sub-Saharan Africa (SSA) countries from 1999 to 2024. The main rationale of the study empirically investigated these determinants of financial inclusion in forty-five Sub-Saharan Africa (SSA) countries from 1999 to 2024, which covers three distinct periods: which is the pre-COVID, 2020–2022 is the COVID period, and the post-COVID period from 2023 onward, but examined as a whole from 1999 to 2024 for easy policy formulation for SSA countries. The study was anchored on two main research objectives: firstly, to examine the factors influencing financial inclusion in Sub-Saharan Africa (SSA) in these three distinct periods, and lastly, to present the policy implications of the result of these factors in enhancing financial inclusion in the post-COVID era in SSA. The study used the Panel Least Squares (PLS) technique in the data analysis. The result revealed that economic growth (GRO), Islamic banking (ISMAIC), money supply (MSS), internet users (USERS), and credit availability (CREDIT) positively and significantly enhance financial inclusion with coefficients of 0.001298, 4.926809, 1.08 × 10−6, 0.459388, and 0.657431, respectively, with significant p-values of 0.0008, 0.0023, 0.0000, 0.0000, and 0.000, respectively. On the flip side, internet servers (SERVER) have a negative coefficient value of 4.63 × 10−6 with a p-value of 0.000. Though inflation (INFL) and interest rate (INT.) have negative coefficient values of −0.02853 and −0.08317, they have insignificant p-value impacts of 0.2841 and 0.2501, respectively. The result indicates that many of the variables have a significant impact on financial inclusion. This is shown from the probabilities of the t statistics of each of the independent variables in the estimated model, which are significant at the 5% level. The policy implications of these results include the following: firstly, SSA governments should promote economic growth through investment in productive sectors, infrastructure development, and job creation programs to indirectly improve financial inclusion. Secondly, SSA countries’ policymakers should maintain price stability through sound monetary and fiscal policies to ensure inflation does not hinder access to financial services. Thirdly, SSA countries’ governments and central banks should promote lower interest rates and enhance credit accessibility, especially for marginalized groups, through subsidized loans and targeted credit schemes. Fourthly, policymakers should support the expansion of Islamic finance by improving regulatory frameworks and increasing awareness about Sharia-compliant financial products....
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....
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