Current Issue : July - September Volume : 2018 Issue Number : 3 Articles : 5 Articles
An avenue in which interrelationship exists among economic regions is through trade. In order\nto encourage and promote exchanges across national boundaries, measures are put in place for\neconomic resources to be productively and successfully utilized. These measures that entail\nprerequisites� producers may be inquired to meet which relates to a wide range of sustainability\nmetrics, respect for basic human rights, worker health and safety, the environmental impacts of\nproduction, community relations, land use planning and others. The impact of these measures\non producers which led to social and environmental issues in global market is what this study\ntends to focus on. More so, the effect of these measures on commercial relations amongst\neconomies is what makes this study considered as a topic of interest. Comparative analysis will\nbe used to examine and highlight the impact of these measures on international business.\nEncroachment of social rights and environmental degradation are profoundly established in\npresent day industrial revolutions. However, large-scale industrialization, besides its\nunquestionable benefits, triggered a systematic assault against human dignity and\nenvironmental health. The ensuing expansion of world trade further worsened the\nconsequences. More so, environmental and social issues may manifest in diverse ways, thereby\naffecting operations in worldwide market and also limiting the number of participants in global\nmarket....
The objective of the study was to identify benefits and challenges associated with the\nimplementation of International Financial Reporting Standard (IFRSs) in Ghana from account\nand business managers� perspective. The study used purposive sampling to collect data from\n187 accounting professionals and managers in all business sectors of Ghana. Data was\nanalysed using descriptive and inferential statistics. A Kruskal-Wallis H non-parametric tests\n(KW) was conducted to determine whether there are statistically significant differences of\nperception among five groups of the level of professional affiliation and six groups of role\nand position. The results revealed that the adoption of the IFRSs has among other benefits,\nincrease the quality of accounting information, increased investors� confidence, increase\ncomparability of financial statement among companies both nationally and internationally,\nreduced the cost of equity capital, made the preparation and auditing of financial statement\nvery transparent and easier. The findings also revealed that though the cost of implementation\nwas very high and accounts and business managers� faced some challenges in the\nimplementation of the standards, the benefit derived from its implementation outweighed the\nchallenges. Respondents perceived that IFRSs is too complicated for adoption by SMEs.\nThey recommend that more training is needed to equip professionals in the effective\nimplementation of IFRSs.\nThe paper recommends that ICAG should conduct regular training for their members, other\nimplementers as well as owners and operators of SMEs on the IFRSs especially on the\nemerging standards....
Corporate Governance refers to the way an organization is directed, administrated or\ncontrolled. It includes the set of rules and regulations that affect the manager's decision and\ncontribute to the way company is perceived by the current and potential stakeholders. The\ncorporate governance structure specifies the distribution of rights and responsibilities among\ndifferent participants in the corporation such as; boards, managers, shareholders and other\nstakeholders and spells out the rules and procedures and also decision-making assistance on\ncorporate affairs. Corporate governance practices in Bangladesh are gradually being\nintroduced in most companies and organizations (Du, 2006). However, Bangladesh has fallen\nbehind its neighboring countries and global economy in corporate governance (Gillibrand,\n2004). Corporate governance structure is mainly considered ambiguous. Specific governance\nstructures or practices will not necessarily fit all companies at all times. Firms with strong\ncorporate governance mechanisms are generally associated with better financial performance,\nhigher firm valuation and higher stock returns. Unfortunately, investors in Bangladesh have a\nlittle information about how these corporate values affect the performance of the\nMultinational Companies (MNCs). This study aims to provide a quantitative contribution to\nthe literature by examining the impact of corporate governance mechanisms on financial\nperformance from the perspective of MNCs. A panel data based Ordinary Least Squared\n(OLS) regression model was used to measure the quantitative significance of various\ncorporate governance related variables on MNC performance, as identified through a detailed\nliterature review....
Smartphones, e-mobility, Internet of Things (IoT) ââ?¬â?? our world is situated in the middle of\ndigitalization, product life cycles are short and innovations are particularly welcome in the\ninformation technology (IT) industry, as they imply a great opportunity for lucrative businesses.\nIn particular, innovative start-up companies are playing an increasingly important\nrole in this context. However, a strict consideration of country-specific circumstances (Germany\nand Latvia have been selected as examples) has to be made to evaluate founding culture.\nThe following paper focusses on these issues in different ways and gives an insight of\nthe entrepreneurial situation in the respective countries to the reader in the way how different\ncircumstances affect start-ups and how the future development in the countries\nshould be. The results show that ââ?¬â?? besides Germany ââ?¬â?? Latvia also portrays a very attractive\nmarket with even hidden potential for IT start-ups....
The position of countries in the world, in terms of continents, neighborhood, and so on may matter much more\nthan we usually think when we want to determine business and economic performance, and hence trade and\neconomic integration. In this study we want to test the hypothesis that the nations at zero distance (neighbors) to\nthe exporting country overwhelmingly determine trade between all of them. We then test this hypothesis with the\nrelevant data of all nations in the world and with the data of the major regions of Europe, Asia, Africa, and Americas.\nThe econometric results based on panel data techniques (such as fixed and random effects as well as GMM) and\nthe gravity model very clearly and robustly confirm our hypothesis that we can say with almost certainty that ââ?¬Å?tell me\nhow many and who your neighbors and continents are and we will tell you how much you can exportââ?¬Â. Furthermore\nregional integration is directly and indirectly included in the empirics. Thus, we can see how countries like France\nand Germany, or like Portugal and Greece perform in terms of exports in Europe. Good examples of countries which\nhave many neighbors and create their own gravity center are Germany in Europe and China in Asia....
Loading....