Current Issue : July - September Volume : 2017 Issue Number : 3 Articles : 5 Articles
This article examines the current impasse of inflation and extortionate prices of goods and services in the country.\nThis article revealed that although the general impression given by suppliers of goods and services for the monumental\nincrease in their prices is the current economic downturn in the country, this is actually a ruse. It is our contention in\nthis paper that these businessmen have taken advantage of the prevailing situation to engage in product hoarding and\nextortionate pricing all in a bid to maximize profits and pass the buck to hapless consumers of their goods and services.\nIt is the view of this author that in this extreme scenario, government intervention in the area of fair, reasonable and\nappropriate pricing of goods and services is imperative....
The present research gives an insight on the connection between corporate governance and\nfinancial performance, using companies from technology sector listed on NASDAQ, during\n2010-2013. Financial performance was measured using as proxy the return on equity\n(ROE) and the return on assets (ROA). For the corporate governance measures there were\nselected variables as seniority, duality, and remuneration of the CEO, independence, size\nand gender diversity related to Boards of Directors. For empirical tests we used multivariate\nregression models, generalized least squares (GLS) and standard error correction for\nheteroskedasticity using White's method. The results have confirmed the influence of mixed\ncorporate governance variables on financial performance indicators at the company level.\nWe obtained in both models a positive influence on financial performance from variables\nage, years listing and CEO's remuneration with bonuses. We obtained negative influence for\nthe variables size / independent members of the Board of Directors and for the CEO duality.\nThe difference between the two models was marked by the positive influence of the\npercentage of women in the Board of Directors' members and the CEO salary on ROA. The\nRisk Commitee variable had a negative influence on ROE. The control variables had a\npositive influence only on the ROE model. The final conclusions highlight issues related to\nhuman nature such as the lack of fear for penalty, which can lead to the loss of use of\nrationality and morality. Exploring the corpoarte governance, there can be identified facts\nwhich can lead to dangerous behavior if eople have a significant decision-making power....
We consider that an immigrant has a portfolio of human capital consisting of education, work\nexperience and languages and each asset is characterized by a risk and a return. The approach\nof Mincer (1974) was adopted and the effect of the similarity between Canada and the country\nof origin on salary was taken into account to determine the returns of these various\ncomponents of human capital. Then, the methodology of Pereira and Martins (2002) was used\nto assess the risks associated with human capital, i.e. the risk for an individual to be in the\nlower part of the income distribution. The results indicate that human capital is not perfectly\ntransferable and show that the relationship between risk and return is similar to that relating\nto financial assets: it is negative for assets that represent insurance for their owners and\npositive for the others. In addition, the accumulation of work experience in Canada and similar\ncountries is accompanied by an increase in risk and a decrease in returns. Contrary to our\nexpectations, the results indicate that the risk does not decrease with education level....
The pact of political corruption is the major encumbrance declines central part of democratic mechanisms that\nlead to economic meltdown and government failure in Nigeria. In essence, political corruption is the major spectrum\norchestrates the downward spiral of economy in Nigeria. This is avowed through former president Good luck Jonathan led\nadministration that designs counterfeit theory on democracy as such, democracy is a system of government structured\nby political cabal with the power of some people formed by the influential people to intimidate other people. This study\ndiscovered that the severity of political despicability in Nigeria has gone beyond control to have implicates three tiers\nof government with diversity of fraudulence and deceptive kleptocracy. The outcome of this paper highlights forms of\ncorruption abound through political godfatherism and political henchmen in Nigeria such as giving and receiving bribes,\nnepotistic factionalism, budget paddling, inflation of contracts and later abandoned without consequential fear, abuse\nof public property, pilfering of government fund into private accounts, misappropriation of allocation, money laundry by\npublic officers, as well as using proxy names to open account or buy opulent property. The manuscript demonstrates\nthat high scale corruption of our leader is but consider as harmful effects on economic and political development. The\npremise of this manuscript is to justify the mode of political conundrum in Nigeria with the non-violence and dynamic\nsystem of governing political affair according to religious perception. The study concludes on the hypothesis that political\ncorruption responsible for Nigeria underdevelopment and that politicians are to blame for the economic recession and\npoor performance of the Nigerian government at large....
Credit default swaps (CDS) are very recent diversified products in global markets whose\nanalysis has attracted the interest of researchers since their appearance and intensified\nfollowing the subprime crisis in 2008. These products, whose marketing was really fast and\neasy, have become one of the largest credit derivatives markets but also one of the most\ncriticized. The purpose of this work is to answer the question: What is the impact of CDS on the\ncost of the public debt: case of the Euro zone? To answer this question, we will seek to identify\nthe role of these products in crisis via the analysis of the literature review and we will verify\nour theoretical results by an empirical approach on the sovereign debt market relative to the\nEuro zone crisis....
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