Current Issue : April - June Volume : 2013 Issue Number : 2 Articles : 5 Articles
Micro finance has proved its value, in many countries, as a weapon against poverty and hunger. It really can change peoplesââ?¬â?¢ lives for the better - especially the lives of those who need it most. In developing countries like India, access to financing and other banking services can be a major challenge for the countryââ?¬â?¢s poor, seeking to raise their standard of living. These people often have little, if at all, income or properties to use as collateral to secure loans from formal lending institutions like banks. For these people even small amounts of money ââ?¬â?? enough to purchase cattle or provisions for a store ââ?¬â?? can make a difference to their livelihood. Mainstream banks find it challenging to offer services to the poor because the income generated cannot cover the bankââ?¬â?¢s cost of servicing the loans. Consequently, the poor are often forced to turn to informal and unregulated loan sources ââ?¬â?? moneylenders, who sometimes charge interest as high at 100% a month. The result is a cycle of endemic poverty that is almost impossible to break. The MFIs were born out of this need for timely and affordable credit to Indiaââ?¬â?¢s poor and low-income households. An attempt is made in this paper to analyze and interpret the efficiency and effectiveness of the Micro finance Institutions in terms of outreaching the poor and excluded, different types of products offered by them and socio-economic empowerment factor of women through MFIs....
The researchers analyzed the risk management practices of banking institutions in Malaysia, to\r\nexamine the impact of risk. The scope and sample of the study were nine commercial banks\r\noperating in Malaysia. The results were analyzed using Data Envelopment Analysis, a nonparametric\r\napproach, and later confirmed by conducting several regression analysis. The result\r\nsuggests that volatility had a significant relationship with risk-adjusted return on capital; risk in the\r\nyear 2006, 2007 and 2008 did not significantly predict the risk-adjusted return on capital....
Background: Integrated Financial Management Information Systems (IFMIS) can improve\r\npublic sector management by providing real-time financial information to managers in order\r\nto enhance their decision-making capabilities. The South African Public Service is currently\r\nbusy with the implementation of an IFMIS. However, the implementation of such a project has\r\nproved to be a very demanding undertaking and has not been met with resounding success.\r\nObjectives: The research was conducted in order to identify the challenges and risks that\r\nare involved in the implementation of the IFMIS in South Africa. After identification of the\r\nchallenges and risks, solutions or guidelines were developed that may make the implementation\r\nmore successful.\r\nMethod: The methodology that was used is that of a literature study where theories were\r\nexplored and used to solve a research problem. Based on the theoretical research, solutions and\r\nguidelines were developed to solve challenges and risks experienced.\r\nResults: The results indicated that there are a number of challenges involved with the\r\nimplementation of an IFMIS. A set of best practice guidelines was developed that may make\r\nthe implementation more successful.\r\nConclusion: The sheer size and complexity of an IFMIS poses significant challenges and a\r\nnumber of risks to the implementation process. There are, however, critical success factors or\r\nbest practices that can be used for the project to succeed. It is recommended that these best\r\npractices be used by the South African Public Service....
Thanks to the study of twelve Tunisian deposit banks, the researchers were able to identify the\r\ninfluence of these determinants on the bank profitability, using a technique of panel data over\r\nthe period of 1995-2005. The empirical results suggest that the bank capitalization, as well as\r\nthe size, have a positive and significant effect on the bank profitability. The empirical results\r\nindicate that the variables of financial structure, the ratio of the bank assets to the GDP and that\r\nof the stock market capitalization to the banking assets have a negative and a statistically\r\nsignificant effect. As for the impact of the macroeconomic indicators, the researchers conclude\r\nthat the variables do not have a significant effect on bank profitability. Finally, the results\r\nindicate the substitutability between banks and financial markets...
A careful analysis of four documents related to the formulation of objectives of financial statements\r\n(reporting) reveals that they are dominated by the pure form of capitalism. Two documents (the\r\nTrueblood Committee�s Report and SFAC No.1) are constructed as normative theories based explicitly\r\non the U.S. culture. The other two documents (the IASB�s CF and the IASB-FASB�s Joint CF) are not\r\nconstructed in a theory form but implicitly based on the U.S. cultural background. The first two\r\ndocuments are more particular and clear regarding the formulation of the objectives of financial\r\nstatements (reporting) and supporting arguments (logic). On the other hand, the other two documents\r\nare general and vague. Their generality and vagueness are attributed to the unnamed belonging to the\r\ncultural background on which the objective of financial statements (reporting) is based. The reason for\r\nnot declaring the belonging of the cultural background is the fear that the objective of financial\r\nstatements (reporting) and standards based on them might face an outright rejection by the\r\noverwhelming majority of countries in the world....
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