Current Issue : October-December Volume : 2021 Issue Number : 4 Articles : 5 Articles
The paper investigates the veracity of the hypothetical expectation that the implementation of the Pension Reform Act of 2004, as amended, would lead to a quantum growth in the premium base of the Nigerian insurance industry. Given that prior research had confirmed the power of mandated contributory pension scheme to facilitate growth of the financial sector, the paper argued that the insurance industry, being a subsector of the financial system, would experience its fair share of the expected growth. Employing annual gross premium as a proxy for insurance industry growth and measured over a span of eleven years (2005-2015), regression analysis of data showed that premium income of insurance industry had a positive and no significant relationship with contributory pension scheme (β = 0.8496; t = 1.8282; p = 0.1415 ≥ 0.05). The result not being significant at 5% could be traced to two related factors, namely, the manifest reluctance shown by MDAs and other public sector employers to comply with the provisions of section 9(3) of the Pensions Reform Act, 2004 and the failure of PFAs to expose the early retiring workers to the annuity option of pension payment structure; this hamstrung the growth of the annuity business, a major component of the insurance industry in Nigeria. The paper therefore recommends that pension regulatory authorities in Nigeria should compel strict compliance with the relevant provisions of the Act in order for the insurance industry to experience the expect quantum growth....
This study sought to examine the effects of cross functional job rotation on corporate financial performance of commercial banks. This study was informed Resource-Based Theory. The study employed positivism. In this study, explanatory research design was adopted. The study targeted 814 employees from 43 commercial banks operating in Kenya according to the CBK supervisory report in 2018. Simple random was used to select 267 employees. Structured questionnaire was used to collect data. Cronbach alpha was used Reliability, while factor analysis was used to test validity. Data was analyzed using both descriptive statistics and inferential statistics. Findings from Multiple regression showed that job rotation (β1 = 0.169, p < 0.05), had a positive and significant effect on firm performance thus, the study infers that job rotation practices are major determinants of financial performance in banks. In addition, job rotation is likely to strongly improve financial performance. It is also, important for supervisors to allow employees to make decisions without having to consult them regularly. It is utmost necessary for the employees to actively participate in top decision making. Furthermore, the organization structure should be in such a way that it is flexible....
Health has always been one of people’s demands for a high quality of life. For thousands of years, both Chinese and Western medicine have accumulated a lot of medical knowledge and ideas. However, due to the weakness of China in the past century, Chinese medicine has become irrelevant. However, with the outbreak and persistence of COVID-19 and China’s actions in the fight against the epidemic, people have further realized the importance of health, and TCM has again entered people’s field of vision. Taking Company Y as an example, this paper analyzes the listing feasibility of Company Y from its macro environment, basic overview, advantages and disadvantages in the industry, financial indicators, enterprise valuation and other aspects. Then, based on the above analysis and combined with the development trend and recent development goals of the enterprise, it concludes that under the current macro and micro environment, Company Y can and should be encouraged to list on the New Third Board, with a stock price of about 7 yuan and a price-earnings ratio of about 25 times....
This mixed method paper is a survey of the socioeconomic and business dimensions of Microfinance Institutions before the Sierra Leone Ebola outbreak in 2013. A descriptive statistical analysis is used to describe the results obtained from structured questionnaires administered in four districts in Sierra Leone, from 2008 to 2014. Three important dimensions were considered for baseline analysis; access to finance, financial services and products and business performance. Both stratified and simple random sampling methods were used to select the clients for the interview. Results show that before the Ebola outbreak majority of the beneficiaries of microfinance were for business activities, while others did farming and small proportion for building and construction. The quality of support provided by the institution established to channel the goals of the programme was well-delivered with an average score of 8 on the extent to which they helped create easy access to credit facilities in the areas where the programme was implemented. However, training programmes on skills and community support were not effective. Living standards of beneficiaries improved, even though it does not translate to the communities in general....
In recent years, the financial crisis has led to a global impact, in turn affects the performance of the banking system. The extent of the impact in the countries which implemented the dual banking system might not be similar because of the characteristics of the banking system structure. Therefore, this paper tries to evaluate the impact of financial crisis and bank risks on deposit variation in Malaysia’s Islamic banks. The impact of the crisis will be evaluated by a dichotomous variable, which aims to assess level of deposits during the crisis period. Using 15 Islamic banks in Malaysia, spanning from 2008 to 2016, with 135 observations, panel data estimation technique is applied. Findings depict that the financial crisis has deteriorated the level of deposits in Islamic banks. It implies that Islamic banks might have faced a panic attack when the crisis happened. This resulted in banks’ inability to survive during the financial crisis as there are huge amount of withdrawals of the deposits. Two major bank risks which are credit and bank risks are used to test whether they can significantly variate the deposits in Islamic banks. They have revealed a clear indication to the losses in deposits Islamic banks in case undertaking risks. Further actions should be taken to by Islamic banks to overcome the impact of financial crises and the problem of bank risks....
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