Current Issue : July - September Volume : 2018 Issue Number : 3 Articles : 5 Articles
The study has explored the impact of selected regulatory variables on performances applying a panel regression\non 18 commercial banks in Ethiopia for the period 1999-2015. The variables used in the model are directly derived\nfrom the extant regulatory approach used by the Central Bank to regulate the banking business. The literature review\nalso shows that most of them are enacted in other countries with few exceptions and mainly related to bill purchase\nrequirements. The model constructed, therefore, has established and finds a statistically significant relationship in\nsome of the regulatory variables with performance measures. The most important findings of this study relate to the\nnegative impact of some of the recent policy directions from the regulator on performances. For instance, branch\ngrowth and bill purchases have a statistically significant negative relationship with bank performances. This should\nbe one of the areas requiring policy flexing from the regulatory side in the future. Nevertheless, other policy direction\nsuch as capital growth requirement remains a positive contributor to performances. More specifically, the study\nfinds that exchange rate has a positive and statistically significant relationship with the profit models. Despite the\nbenefit of a depreciating local currency and a stable foreign currency type to shield them from currency fluctuation,\nit allowed banks to earn a ââ?¬Ë?policy profitââ?¬â?¢. The depreciation of Birr permitted banks to enjoy a profit from their foreign\ncurrency holdings in the form of daily asset revaluations. Nevertheless, many of the variables (prudential regulatory\nvariables) used in this study (interest rate, reserve rate, number of new entrant banks, and level of entry capital) are\nnot statistically significant to influence on bank performances....
MAESTRO is an Ambient Assisting Living (AAL) research and innovation project whose\nobjective is to build a viable quality assurance service platform of the same name. This paper\nexamines the process of building an effective and sustainable business model and business plan\nfor MAESTRO to address the current and future economic context. The MAESTRO projectââ?¬â?¢s aim\nis to develop an on-line platform that can create and showcase ââ?¬Ë?confidence, trust and reliabilityââ?¬â?¢\nin the emerging marketplace for monitored and self-monitored devices, systems and services\nthat promote health and wellbeing for older people. With the pace and quantity of new\nproducts, services and technologies emerging within the AAL marketplace, it is difficult to\nsource reliable and trustworthy product and service quality information that can underpin\nselection and procurement decision making. The MAESTRO platform is being developed to\naddress this identified gap and market weakness, and it is being co-designed with solution\nproviders, service commissioners and end users across the value chain, within a set of pilot\nprojects in 4 European territories....
Knowledge management is considered as a way to well manage the intellectual capital of the\ncompany. The remarkable importance of knowledge management is reflected in the growing\nimportance of its place in the world of economics. The objective of this paper is to study the\nimpact of knowledge management on the different types of value creation such as economic,\nsocial, institutional and instrumental. To achieve this goal, we used a quantitative study of 35\nTunisian companies operating in different sectors. The empirical results of the exploratory\nanalysis show that knowledge management has a significant impact on both economic value.\nOn the contrary, it has a mixed impact on both social value....
The participation of the leading management (Top-line-and Second-Line Managers) in the\nbusiness development of a parent company or a group company is a popular way to incentivise\nthe managers. In private equity transactions, managers fairly regularly get the opportunity to\npurchase shares in order to (indirectly) participate in the future business developments of the\ntarget company. These co-investment programmes, in which managers participate, are\ncurrently challenged by the tax authorities. In co-investment structures, there is a tussle\nbetween the tax authorities and the participating managers ââ?¬â? often in times of disposal of the\nco-investment ââ?¬â? over whether reimbursements out of the co-investment programme to the\nmanagers represent wage or capital income/capital gain. The type of income is a crucial factor\nfor all managers resident in Germany and especially abroad. The tax risks of these coinvestment\nmodels have to be borne by the managers. A careful implementation of the\nmanagement participation programme is necessary in order to structure these co-investments\nas a capital investment for the managers. That leads to low taxation for German residents or\npossibly even no taxation for non-German residents. The article wants to highlight the current\ndevelopments in this context and to carve out solutions for management participation\nprogrammes for international managers in Germany....
The research examines the client�s perspective of outsourcing vendor information technology\n(IT) governance practices and service quality. Using a cross-sectional survey approach, the\nresearchers distributed a total of 100 questionnaires to employees at six client organizations in\nMalaysia that outsource selected IT functions to a local IT vendor. The research uses SPSS\nStatistics 17.0 and Smart PLS Version 3 for data analysis. The evidence suggests that from\nclient�s perspective, vendor IT governance practices impact on service quality in IT outsourcing\nenvironment....
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