Current Issue : April - June Volume : 2017 Issue Number : 2 Articles : 6 Articles
In this paper, the possible business models that can implement IoT in a cashless are examined. In India, cash is the main mode of payment. This makes the country to be heavily cash- based economy. The main objective of IoT is connecting various types of electronic devices together for a great experience in the day-to-day activities. Integration of internet and connectivity into more devices along with payment functionality will lead to greater number of payment endpoints. Card issuers like Master Card, Visa and American Express will gain from increased non-cash transactions and the wide database of the customers. Internet of Things is attractive not only for software and hardware developers, but also for banks and other companies to enable innovative payment experiences and provide wide range of methods to accept payments using NFC chips, payment apps, sensors, tracking devices, etc. In conclusion, the study points that the move towards a cashless India brings with it numerous benefits but there is still the need to create more awareness to entice the numerous unbanked Indian�s into the banking system....
Notwithstanding a particular economy, exchange rate plays a pivotal role in the determination of major macroeconomic\npolicies. Hence, the efficiency of the foreign exchange market in a developing country like Nigeria is essential with\nrespect to broader macroeconomic facets including the monetary dimension. Accordingly, the current study examines\nthe weak and semi-strong form efficiency of the Nigerian foreign exchange market. Employing time series analysis and\nexamining unit root test, Johansen cointegration test, Wald coefficient test, impulse response function and variance\ndecomposition analysis, it was found that the Nigerian foreign exchange market is weak form efficient but is inefficient in\nthe semi-strong dimension. This reflects that participants would not be able to devise measures to extract excess returns\nfrom the market based on historical information, but can engage in profitable transactions once accommodating publicly\navailable information together with historic statistics. Specifically, the possibility of predicting exchange rates of the Naira\nwith other currencies emanating from the Naira-USD exchange rate is very high. Reforms and government intervention\nshould look into making the market more transparent and accountable, which would not only abandon excess returns\nfrom the market but will also support export-oriented industries in the economy, foreign exchange reserves and a range\nof other significant macro-economic facets....
Micro Takaful insurance is considered an important incentive for the protection and financing of micro enterprise\nand low income families. Therefore, it encourages banks to finance these micro enterprises. Micro Takaful insurance\nmainly supports protecting micro enterprises by using Micro Takaful insurance to aid in financing these enterprises which\nresults in higher return on investment and growth in developing countries.\nMicro Takaful insurance should be the corner stone for development in developing countries since it provides the\navailability to finance catastrophe victims and supporting micro enterprises mainly in agriculture industry. Also, it targets\nthe people living in isolated areas or in difficult living circumstances by supporting them in facing the risks they face, and\nas a result, it is an effective tools for facing poverty in developing countries.\nIt is fair to say that the success of micro finance- which is certainly supported by Micro Takaful insurance- is a\npositive indicator on the availability of protecting the poor people, saving their investments in an economical way,\nand supporting social security networks. We remind Takaful Insurance Companies that by practicing in Micro Takaful\ninsurance, they are performing their social responsibility towards the society they live in.\nWe will study Micro Takaful insurance through the following sections:\nSection One: Micro Takaful Insurance: its definition, origin, importance and benefits.\nSection Two: Micro Takaful Insurance: covered risks and its characteristics.\nSection Three: The importance of Micro Takaful Insurance for micro enterprise finance.\nSection Four: Micro Takaful Insurance�s international experience and its marketing methods.\nSection Five: Micro Takaful Insurance�s future, success requirements and challenges.\nSection Six: Results and Recommendations....
The impact of microfinance products on the entrepreneurship needs for socio economic development\nwas assessed in TUGENDANE N�IGIHE SACCO due to 2014 within 149 clients and 3036 accounts holders,\nRwanda. The study was accomplished with the aim of assessing the impact of microfinance products and the\nentrepreneurship needs for socio economic development of the clients in TUGENDANE N�IGIHE SACCO. The\nmethod of collecting and analysing data was employed to this study, to both primary and secondary data. Data\nwere collected using self-administered questionnaire, Rwanda PPI scorecard and semi-interview and then\nanalyzed using SPSS, simple poverty scorecard for Rwanda, data entry software and Microsoft Excel. The study\nfound that savings through current deposits (82.6%), security savings (75.8%), savings for children (32.2%) and\nterm deposits (34.9%) and, small loans through commerce loans (41%), agriculture and livestock loans (29%),\nconstructions loans 3%), transport and equipment loans (2%) and emergency loans: 25% (school fees, health\ninsurance, wedding, burial, overdraft) are microfinance products mostly consumed by clients of TUGENDANE\nN�IGIHE SACCO. The analysis made model for incidence of microfinance products on ENSED of clients showed\na strong positive relationship (83.4%). Using the multi linear regression, the equation of the model become as\nfollow: Entrepreneurship Needs for Socio Economic Development (ENSED)=0.551+0.10 Education level+0.54\nMain occupation - 0.065 number of dependent/family size+0.97 Membership duration+0.212 Number of loans got\nfrom TUGENDANE N�IGIHE SACCO+0.126 Monthly Income after joining TUGENDANE N�IGIHE SACCO+0.044\nGovernment policies against poverty. Or simply ENSED=0.551+0.101Ed+0.54Oc - 0.065Fs+0.097Md+0.212L+\n0.126Y+0.044Gov.\nThe study recommended that TUGENDANE N�IGIHE SACCO should adopt the use of the Rwanda PPI\nscorecard for assessing its achievement in poverty reduction and more serving its clients....
The purpose of this study is to investigate the effect of the global financial crisis on earnings management of\nlisted companies in Tehran Stock Exchange and as evidence from of the products of petroleum and chemical\nindustry. The present study is a descriptive-correlation research based on the nature of the data, a quantitative and\nan applied research based on the goals. Statistical population of this research were active companies in the field of\npetroleum and chemical listed in Tehran Stock Exchange in the period from 2008 to 2012 and Due to being limited the\nstatistical population, purposive sampling method was used and twenty eight active companies in field of petroleum\npetrochemicals were selected as sample. In order to illustrate the explanatory power of explanatory variables, the\nadjusted coefficient of determination was used and in order to examine the significance of variables and the overall\nadequacy of model, t-statistic and the F-statistic Fisher were used respectively. Also, Statistical analysis was performed\nusing Excel and E-views software�s. The results of this study showed that there is a significant relationship between\nthe size of the company and the management of profit in the global financial crisis. There is a significant relationship\nbetween profitability index of company and earnings management in the global financial crisis. There is a significant\nrelationship between sale growth and profit management in global financial crises....
Purpose: The purpose of this paper is to investigate about time management effect on the relationship\nbetween knowledge management and organization performance.\nDesign/methodology/approach: The paper contains a comparative analysis of relevant literature from\nthe fields of knowledge management, time management and organization performance, conducted between\n2007 and 2015. The research was conducted on a sample of 42 non-profit organizations (24 National and 18\nInternational) we collected the data through a questionnaire that was given to the Monitoring and development\ndepartment.\nFindings: The research results reached to the idea that Time Management really plays a strong role to\nstrengthen the relationship between Knowledge Management and Organization Performance dimensions,\nbut not all dimensions, only the standard dimensions (Internal business process, Learning and growth and\nthe Sustainability), but on the non-standard dimension we used which is: the increase or the decrease on the\npercentage of the affected population who receive services from the organizations, the result is on the opposite\nside.\nAlso it reached to the result that the organization nationality affects the relationship between knowledge\nmanagement and the performance management.\nOriginality/value: The paper ranks among the first to search for convergences between International and\nNational non-profit organizations that seem firmly divided in bot h theoretical and institutional aspects....
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