Current Issue : January - March Volume : 2019 Issue Number : 1 Articles : 5 Articles
This study sought to establish the effect of mobile credit on operational efficiency\nin commercial banks in Kenya. The study utilized primary as well as\nsecondary data on access to mobile credit and its effects on the performance\nof the organization. A questionnaire was the primary data collection tool and\ncomposed of open ended and closed ended questions. Data collected was\nanalyzed using multiple linear regression analysis at a 95% confidence interval.\nAnalyzed data was presented using tables and figures for ease of interpretation.\nOperational efficiency is the goal of any manager in a customer service\ndriven sector. Some of the strategies to achieve operational efficiency include\nmanagerial behavior change, promoting operational optimization and use of\ntechnology. Mobile credit introduction improved operational efficiency in\ncommercial banks. Mobile credit introduction enhanced operational efficiency\nin loans collection, returns on shareholders. The operational efficiency\nperformance indicators utilized in this study were: return on assets, earnings\nper share and proportion of non-performing loans. On the other hand, proportion\nof non-performing loans declined after the introduction of mobile\ncredit indicating increased operational efficiency in debt collection. The introduction\nof mobile credit significantly enhanced organization efficiency as\nmeasured by metrics such by brand image building, ability to adapt to market\nchanges and perceptions of reliability in the customerâ??s mind. Mobile credit\nintroduction improved operational efficiency in commercial banks. Mobile\ncredit introduction enhanced operational efficiency in loans collection, returns\non shareholders. Overall, it has been accepted that the use of technology\nis one of the major strategies used to enhance operational efficiency. The\nfindings of this study propose that the use of mobile credit has enhanced debt\ncollection efficiency and revenue generation efficiency....
Few studies explore the micro-cap market of stocks and mutual funds. As a result, little is known about these\nsecuritiesâ?? characteristics, risks and performance. This study analyzes the risk and risk-adjusted performance of microcap\nmutual funds with mid-cap and large-cap mutual funds. The study finds that micro-cap mutual funds are riskier and\nproduce a lower Jensenâ??s alpha than those of mid-cap and large-cap mutual funds. In addition, the author provides a\ncomprehensive literature review and suggests potential explanations for the growing evidence that micro-cap mutual\nfunds are poor investments....
Given the need to diversify its activities to revitalize its economy, and with the ambition of\nbecoming a preferred destination for foreign direct investment (FDI), Morocco has put in\nplace a package of measures and reforms, and opted for a policy Creation of clusters and\ncompetitiveness poles based on the local specificities of its territory.\nIn this context, the government launched the \"National Pact for Industrial Emergence\"\n(2009-2015) [and subsequently the \"Industrial Acceleration Plan\" (2014-2020)] which aims at\nthe installation of the Integrated Industrial Platforms (2IP) which are the Moroccan version of\ncompetitiveness poles, dedicated to the Moroccan trades of the world, and offered under\nincentive conditions to domestic and international investors (FDIs) in order to form a\nbusiness ecosystem where the interaction between actors requires a relationship dynamic\nbased on trust.\nBy using a qualitative method based on the case study, we study in this paper, this relational\ndynamic, on a sample of 15 companies from the automotive industry in Tangier, using the\nthree components of the theoretical grid of Zucker (1986): characteristic-based Trust,\nrelational trust, institutional trust, highlighting the issue of the contribution of trust to the\nemergence of the business ecosystem Tangier city as an automotive competitiveness pole, The results obtained clearly show that two of the three components of our reading grid are\nsimultaneously intertwined within our business ecosystem, namely institutional trust and\ncharacteristic-based trust with dominance of the first confirming the trust of FDI in Moroccan\ninstitutions, and that this trust is fostered by Cultural Specificities of the country....
The objective of this research are to analyst the effect of capital structure, corporate governance, corporate social\nresponsibility, firmâ??s size on earnings per share and to analyst the effect of earnings per share on market value. The\nsubject of this research is the banking sector entities listed on the Indonesia Stock Exchange in the year 2008 and\nreported self-assessment of good corporate governance from the year 2008 up to 2015 also did not experience any\nlosses resulting in earnings per share negative from the year 2008 up to 2015. The result shows that capital structure,\ngood corporate governance, corporate social responsibility and firmâ??s size have influence on earnings per share. The\nrelationship between capital structure with earnings per share inversely proportional. The relationship between the\ngood corporate governance with earnings per share is directly proportional. The relationship between corporate social\nresponsibility with earnings per share inversely proportional. The relationship between firm's size with earnings per\nshare is directly proportional.\nEarnings per share have influence on market value. The relationship between earnings per share and market value\nis directly proportional. Earnings per share reflects the book value reported by the bank, the real value of the bank is the\nmarket value. It can be indicated that the capital market in Indonesia gives higher value to the bank due to the strength\nof bank income. If the bank has profits consistently will have a market value greater than the book value of the bank....
Bitcoin is part of a wider range of opportunities to creating cryptocurrencies based on\nblockchains. Research has shown that the existing cryptocurrencies are very volatile and\noften illiquid. A cryptocurrency endorsed by a Central Bank, as the starter of a private\nblockchain, will most likely show more stability. It may even take the form of legal tender.\nHowever, since almost all countries have their own currency already, the governments will\nnot feel the need for an additional currency. One exception is Palestine. It enjoyed the\nprivilege of having its own currency in the past. The purpose of this research is the evaluation\nof the feasibility of a cryptocurrency as legal tender. The authors recommend a new\nPalestinian Pound built on a private blockchain using Hyperledger. In practice it would not\ndiffer from any other fiat (legal) currency. The current weakness of not having its own\ncurrency could be turned into a strength by becoming the most advanced economy where\ntransactions are transparent and efficient. This paper fills a research gap by analyzing the\nopportunities of a cryptocurrency that is actual legal tender and endorsed by a monetary\nauthority....
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