Volume-4 Issue-10

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Impact of Monetary Policy on Performance of Dhaka Stock Exchange Mohotarema Rashid & Ummay Mahima Ima

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Impact of Monetary Policy on Performance of Dhaka Stock Exchange

Author (s)

Mohotarema Rashid & Ummay Mahima Ima

Abstract

This paper investigates the effect of monetary variables on the performance of stock market of Bangladesh using yearly data over the period of year 2008 to 2019. The objective of the study is to consider the effectiveness and consequences of different monetary variables on stock market of Bangladesh. As a dependent variable DSEX index has been used as a proxy variable for stock market performance and three independent variables repo rate, inflation rate, money market rate has been used as proxy of monetary variables. An ordinary least square method shows that 1% increase in money market rate, repo rate, and inflation rate the index value is decreased by 3.30%,1.20% and increased by 1.90% respectively. So this is suggested that investor should consider the above variables to make strategic decisions about portfolio and investment management.

 Keywords: Monetary variables, DSEX, Stock market, Inflation, Repo rate.

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Title:Impact of Monetary Policy on Performance of Dhaka Stock Exchange
Author:Mohotarema Rashid & Ummay Mahima Ima
Journal Name:International Journal of Science and Business
Website:ijsab.com
ISSN:ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI:https://doi.org/10.5281/zenodo.4059374
Media:Online
Volume:4
Issue:10
Acceptance Date:24/09/2020
Date of Publication:30/09/2020
PDF URL:https://ijsab.com/wp-content/uploads/605.pdf
Free download:Available
Page:121-127
First Page:121
Last Page:127
Paper Type:Research Paper
Current Status:Published

Cite This Article:

Mohotarema Rashid & Ummay Mahima Ima (2020). Impact of monetary policy on performance of Dhaka Stock Exchange. International Journal of Science and Business, 4(10), 121-127. doi: https://doi.org/10.5281/zenodo.4059374

Retrieved from https://ijsab.com/wp-content/uploads/605.pdf

 

About Author (s)

Mohotarema Rashid (corresponding author), Bangladesh Army University of Science and Technology, Bangladesh.  

Ummay Mahima Ima, Bangladesh University of Professionals, Dhaka- 1216, Bangladesh.

 

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DOI: https://doi.org/10.5281/zenodo.4059374

Total Download of This Article : 31
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The Impact of Brand Image and Perceived Price on Imported Halal Skincare Purchase Decision: Study on Safi’s Consumers in Central Java, Indonesia Kusuma Wardani & Annie Susanto

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The Impact of Brand Image and Perceived Price on Imported Halal Skincare Purchase Decision: Study on Safi’s Consumers in Central Java, Indonesia

Author (s)

Kusuma Wardani & Annie Susanto

Abstract

Halal as an Al-Qur’an term applies to legal products that are permitted to use or consume according to Islamic thought. As non-food, halal product, skincare is categorized as a cosmetic product. Indonesia has the largest Muslim population of 207.2 million people, it makes Muslim consumers in Indonesia are interested in not only consuming local halal skincare but also imported halal skincare. Not only focus on the Muslim consumers only, but how the image of Safi’s brand and perceived price in the consumers mind can affect the purchase decisions considering that Safi is an imported skincare product. The aim of this research is to determine the influence of brand image and perceived price toward purchase decision among Safi consumers in Central Java, Indonesia. The sampling technique used was purposive, with 140 samples. The data analysis technique was multiple linear regression analysis. There are two research questions: (1) what are the influences of brand image on consumer purchasing decision of imported halal skincare, (2) what are the influences of perceived price on consumer purchasing decision of imported halal skincare. The first regression result showed that there was a significant influence between brand image toward purchasing decision on Safi’s skincare. The second regression result showed that there was no influence of perceived price toward purchasing decision on Safi’s skincare.

 Keywords: Brand Image, Perceived Price, Purchase Decision, Halal Skincare, Marketing Management.

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Title:The Impact of Brand Image and Perceived Price on Imported Halal Skincare Purchase Decision: Study on Safi’s Consumers in Central Java, Indonesia
Author:Kusuma Wardani & Annie Susanto
Journal Name:International Journal of Science and Business
Website:ijsab.com
ISSN:ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI:https://doi.org/10.5281/zenodo.4059333
Media:Online
Volume:4
Issue:10
Acceptance Date:24/09/2020
Date of Publication:30/09/2020
PDF URL:https://ijsab.com/wp-content/uploads/604.pdf
Free download:Available
Page:108-120
First Page:108
Last Page:120
Paper Type:Research Paper
Current Status:Published

Cite This Article:

Kusuma Wardani & Annie Susanto (2020). The Impact of Brand Image and Perceived Price on Imported Halal Skincare Purchase Decision: Study on Safi’s Consumers in Central Java, Indonesia. International Journal of Science and Business, 4(10), 108-120. doi: https://doi.org/ 10.5281/zenodo.4059333

 

Retrieved from https://ijsab.com/wp-content/uploads/604.pdf

 

 

About Author (s)

Kusuma Wardani (corresponding author), Student of Economics and Business Faculty, Satya Wacana Christian University, Salatiga, Central Java, Indonesia.

Annie Susanto, Lecturer of Economics and Business Faculty, Satya Wacana Christian University, Salatiga, Central Java, Indonesia.

 

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DOI: https://doi.org/10.5281/zenodo.4059333

Total Download of This Article : 41
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Bank-specific and Macroeconomic Determinants of Profitability: Evidence from Conventional Private Commercial Banks Listed on Dhaka Stock Exchange Aslam Mahmud

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Bank-specific and Macroeconomic Determinants of Profitability: Evidence from Conventional Private Commercial Banks Listed on Dhaka Stock Exchange

Author (s)

Aslam Mahmud

Abstract

This paper intends to indicate the bank-specific and macroeconomic determinants of bank profitability. The study was conducted using panel data set from 18 conventional private commercial banks listed in Dhaka Stock Exchange over a period of 2010 to 2019. Return on Asset (ROA) was used as dependent variable as a proxy for profitability; nine bank-specific variables and three macroeconomic variables were used as independent variables. The study was conducted using panel data regression model and Hausman test was conducted to choose between fixed effect and random effects model. Empirical results show that Non-performing loan ratio, Equity multiplier, cost to income ratio, Net interest margin, Non-interest income to total asset ratio among the bank-specific variables and Real rate of interest, Economic growth among the macroeconomic variables have significant impact on profitability. An interesting finding is that banks profitability over this period has significant negative relationship with economic growth.

 Keywords: profitability, panel data regression, fixed effect, random effect, hausman test.

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Title:Bank-specific and Macroeconomic Determinants of Profitability: Evidence from Conventional Private Commercial Banks Listed on Dhaka Stock Exchange
Author:Aslam Mahmud
Journal Name:International Journal of Science and Business
Website:ijsab.com
ISSN:ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI:https://doi.org/10.5281/zenodo.4048039
Media:Online
Volume:4
Issue:10
Acceptance Date:21/09/2020
Date of Publication:24/09/2020
PDF URL:https://ijsab.com/wp-content/uploads/603.pdf
Free download:Available
Page:99-107
First Page:99
Last Page:107
Paper Type:Research Paper
Current Status:Published

Cite This Article:

Aslam Mahmud (2020). Bank-specific and Macroeconomic Determinants of Profitability: Evidence from Conventional Private Commercial Banks Listed on Dhaka Stock Exchange. International Journal of Science and Business, 4(10), 99-107. doi: https://doi.org/ 10.5281/zenodo.4048039

Retrieved from https://ijsab.com/wp-content/uploads/603.pdf

 

About Author (s)

Aslam Mahmud, Department of Finance and Banking, Faculty of Business Administration, Jatiya Kabi Kazi Nazrul Islam University, Trishal, Mymensingh-2220, Bangladesh.

 

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DOI: https://doi.org/10.5281/zenodo.4048039

Total Download of This Article : 28
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Investigating the relationships between stock exchanges’ total trade and total value in Bangladesh Shaikh Mostak Ahammad & Md. Azmir Sharif

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Investigating the relationships between stock exchanges’ total trade and total value in Bangladesh

Author (s)

Shaikh Mostak Ahammad &  Md. Azmir Sharif

Abstract

This study investigates the relationships of total trade and total value between the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) in Bangladesh. To get the results, various unit root tests, the Granger causality test, and the Johansen cointegration test are employed. Daily data from January 2015 to May 2017 is used to check the relationship. The empirical results of unit root tests (Augmented Dickey-Fuller (ADF) test, Phillips-Perron (PP) test, Kwiatkowski, Phillips, Schmidt, and Shin (KPSS) Test, and Elliott–Rothenberg–Stock (ERS) test) evidenced that total trade and the total value of DSE and CSE are stationary at their first differences. The Granger causality test found that total trade and the total value of DSE cause total trade and the total value of CSE and also total trade and the total value of CSE causes total trade and the total value of DSE meaning that there is bidirectional causality exists between the selected variables. The Johansen cointegration test showed that there is no cointegrating relationship among the variables indicating that there is no long-run relationship among total trade and total value between DSE and CSE.

 Keywords: Dhaka Stock Exchange, Chittagong Stock Exchange, Total trade, Total value, Granger Causality test, Johansen Cointegration test.

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Title:Investigating the relationships between stock exchanges’ total trade and total value in Bangladesh
Author:Shaikh Mostak Ahammad &  Md. Azmir Sharif
Journal Name:International Journal of Science and Business
Website:ijsab.com
ISSN:ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI:https://doi.org/10.5281/zenodo.4036073
Media:Online & Print
Volume:4
Issue:10
Acceptance Date:14/09/2020
Date of Publication:18/09/2020
PDF URL:https://ijsab.com/wp-content/uploads/602.pdf
Free download:Available
Page:88-98
First Page:88
Last Page:98
Paper Type:Research Paper
Current Status:Published

Cite This Article:

Shaikh Mostak Ahammad &  Md. Azmir Sharif (2020). Investigating the relationships between stock exchanges’ total trade and total value in Bangladesh. International Journal of Science and Business, 4(10), 88-98. doi: https://doi.org/10.5281/zenodo.4036073

Retrieved from https://ijsab.com/wp-content/uploads/602.pdf

 

About Author (s)

Shaikh Mostak Ahammad Ph.D., Professor, Department of Accounting, Hajee Mohammad Danesh Science and Technology University, Dinajpur-5200, Bangladesh. Email: mostak@hstu.ac.bd

Md. Azmir Sharif (corresponding author), Lecturer in Accounting, Department of Mechanical Engineering, City University, Dhaka, Bangladesh. Email: sharifazmir@gmail.com

 

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DOI: https://doi.org/10.5281/zenodo.4036073

Total Download of This Article : 28
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Theoretical Inspection and Rethink of Marketing Mix Ismat Ara Eti & Md. Murshedul Bari

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Theoretical Inspection and Rethink of Marketing Mix

Author (s)

Ismat Ara Eti & Md. Murshedul Bari

Abstract

The world is relentlessly changing which creating new trades. A few ages past, speediness of these revolutions, maybe it was every fasten of years or every decade, but straightaway, every year or every month we are nearsighted new goods and products that in the history there was not any kind of them. Every company should not neglect to take virtuous maintenance of customers that helps to partake the right planning and aiming people, the right product or service, right place or distribution, right price, right promotion, right physical and psychological evidence, with the right amount of productivity & quality performance in carrying the Ps of Marketing. This paper aims to undertake an extensive literature review from the past studies related to the concept of the marketing mix and descriptive analysis is used to analyze the best practice among the 8Ps or more Ps of marketing mix towards business performance. Equally, a tool of marketing strategy and theoretical framework grants a view of different theories of marketing mix where marketers should be considered before launching a product. Firms should plan a targeted approach on these different components which help the firm in formulating strategic decisions. The study provides managers with theoretical guidance and concept on how the marketing mix will improve the organization’s performance.

 Keywords: Marketing Mix, History, Pros and Cons, Elements, Five product level, Product Life cycle..

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Title:Theoretical Inspection and Rethink of Marketing Mix
Author:Ismat Ara Eti & Md. Murshedul Bari
Journal Name:International Journal of Science and Business
Website:ijsab.com
ISSN:ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI:https://doi.org/10.5281/zenodo.4030795
Media:Online
Volume:4
Issue:10
Acceptance Date:09/09/2020
Date of Publication:15/09/2020
PDF URL:https://ijsab.com/wp-content/uploads/601.pdf
Free download:Available
Page:77-87
First Page:77
Last Page:87
Paper Type:Literature Review
Current Status:Published

Cite This Article:

Ismat Ara Eti & Md. Murshedul Bari (2020). Theoretical Inspection And Rethink of Marketing Mix. International Journal of Science and Business, 4(10), 77-87. doi: https://doi.org/10.5281/zenodo.4030795

Retrieved from https://ijsab.com/wp-content/uploads/601.pdf

 

About Author (s)

Ismat Ara Eti (corresponding author), Independent University, Bangladesh.

Md. Murshedul Bari, Daffodil International University, Bangladesh.

 

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DOI: https://doi.org/10.5281/zenodo.4030795

Total Download of This Article : 25
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Digital Marketing Makes Consumer Closer: An Internet Giant Creating Challenges at Present: A Study on Consumer Perspective During COVID-19 Ismat Ara Eti & Md. Murshedul Bari

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Digital Marketing Makes Consumer Closer: An Internet Giant Creating Challenges at Present:

 A Study on Consumer Perspective During COVID-19

Author (s)

Ismat Ara Eti & Md. Murshedul Bari

Abstract

All businesses approved many tactics where digital marketing is the unsurpassed one that is so flexible, trackable, and accessible and having exclusively placed to reach business ambitions. During the COVID-19 pandemic, incredible challenges faced by many businesses. Consumer awareness and attitude are imperative because it provides a good perception to create content about product or services. So here, digital marketing is light of heaven that has opened up the way to touch consumers. This paper has intentions to illustrate a wide present literature and on what is happening in the business world related to the idea of digital marketing and descriptive analysis is used to examine the practice during COVID-19 pandemic towards business performance. This paper mainly focus on conceptual understanding of digital marketing and is concerned with consumers and also allows the customers to interact with the product by virtue of digital media. The paper is based on secondary data such as many articles, reports, various websites and information on the internet have been reviewed. In this study, We agreed that businesses can genuinely benefit from Digital Marketing such as search engine optimization (SEO), content marketing, social media marketing, e-mail marketing, online advertising. It has converted one of the powerful weapons that make new alignment for all business so firms should plan an aimed attitude formulating planned conclusions.

 Keywords: Digital Marketing, Digital Transformation, AIDA Model, Traditional vs Digital, Strategies, COVID-19: Impact on Ecommerce.

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Title:Digital Marketing Makes Consumer Closer: An Internet Giant Creating Challenges at Present: A Study on Consumer Perspective During COVID-19
Author:Ismat Ara Eti & Md. Murshedul Bari
Journal Name:International Journal of Science and Business
Website:ijsab.com
ISSN:ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI:https://doi.org/10.5281/zenodo.4032466
Media:Online
Volume:4
Issue:10
Acceptance Date:09/09/2020
Date of Publication:15/09/2020
PDF URL:https://ijsab.com/wp-content/uploads/600.pdf
Free download:Available
Page:64-76
First Page:64
Last Page:76
Paper Type:Literature Review
Current Status:Published

Cite This Article:

Ismat Ara Eti & Md. Murshedul Bari (2020). Digital Marketing Makes Consumer Closer: An Internet Giant Creating Challenges At Present, A Study On Consumer Perspective During COVID-19. International Journal of Science and Business, 4(10), 64-76. doi: https://doi.org/10.5281/zenodo.4032466

Retrieved from https://ijsab.com/wp-content/uploads/600.pdf

 

About Author (s)

Ismat Ara Eti (corresponding author), Independent University, Bangladesh.

Md. Murshedul Bari, Daffodil International University, Bangladesh.

 

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DOI: https://doi.org/10.5281/zenodo.4032466

Total Download of This Article : 35
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Comparative Analysis of Economic Performance of SAARC Countries Based on the Estimated Cobb-Douglas Production Function Deeti Saha

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Comparative Analysis of Economic Performance of SAARC Countries Based on the Estimated Cobb-Douglas Production Function

Author (s)

Deeti Saha

Abstract

This study intends to compare the economic performance and examine the relationship between real GDP (dependence variable) and total labor force and gross fixed capital formation (independent variables) in the case of SAARC (South Asian Association for Regional Co-operation) countries based on the Cobb Douglas production function. To conduct the study, time series data were used from 1980-2017 in four countries and 1990-2017 in four other countries. The ordinary least square method (OLS) was used to measure the linear regression model. The Breusch-Pagan-Godfrey and Breusch-Godfrey Serial Correlation LM Test tests were used to test for heteroscedasticity and autocorrelation. The adjusted R-Squared shows that 96.81%, 99.98%, 99.74%, 99.85%, 99.36%, 97.84%, 99.65%, and 99.89% of the total variation in the dependent variable (GDP) in the case of Afghanistan, Bangladesh, Bhutan, India, Sri Lanka, Maldives, Nepal, and Pakistan respectively are explained by the fitted regression equation. That means the economies of SAARC countries are well defined by the Cobb-Douglas production function. The economies of Afghanistan, India, Sri Lanka, and Nepal show increasing returns to scale. The economies of Bangladesh, Bhutan, Maldives, and Pakistan show decreasing returns to scale. It is also noteworthy that the economies of the four countries show increasing returns to scale; these countries also have better marginal productivity of labor and marginal productivity of capital performance. Per capita GDP, GDP growth rate, labor and capital, the marginal productivity of labor and marginal productivity of capital, the elasticity of labor and capital have been highlighted to compare the economic performance of SAARC countries. The quality of the labor force is essential for sustainable capital investment.

 Keywords: Cobb-Douglas Production Function, Returns to Scale, Marginal Productivity of Labor, Marginal Productivity of Capital, Growth Rate, Elasticity of Labor, Elasticity of capital.

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Title:Comparative Analysis of Economic Performance of SAARC Countries Based on the Estimated Cobb-Douglas Production Function
Author:Deeti Saha
Journal Name:International Journal of Science and Business
Website:ijsab.com
ISSN:ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI:https://doi.org/10.5281/zenodo.4026029
Media:Online
Volume:4
Issue:10
Acceptance Date:10/09/2020
Date of Publication:12/09/2020
PDF URL:https://ijsab.com/wp-content/uploads/599.pdf
Free download:Available
Page:39-63
First Page:39
Last Page:63
Paper Type:Research Paper
Current Status:Published

Cite This Article:

Deeti Saha (2020). Comparative Analysis of Economic Performance of SAARC Countries Based on the Estimated Cobb-Douglas Production Function. International Journal of Science and Business, 4(10), 39-63. doi: https://doi.org/10.5281/zenodo.4026029

Retrieved from https://ijsab.com/wp-content/uploads/599.pdf

 

About Author (s)

Deeti Saha, MBA Student, Department of Accounting & Information Systems, University of Dhaka, Dhaka-1000, Bangladesh.

 

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DOI: https://doi.org/10.5281/zenodo.4026029

Total Download of This Article : 127
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Does Brexit Have an Impact on EAC-EU Commodity Trade? Caroline Ntara

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Does Brexit Have an Impact on EAC-EU Commodity Trade?

Author (s)

Caroline Ntara

Abstract

The East African Community (EAC) and European Union (EU), have an Economic Partnership Agreement (EPA) initiated in October 2014.  The EAC agreed to negotiate on the EPA in order to participate beneficially in the global economy, decrease poverty and support their economic development. By fast-tracking the already existing economic integration, the EAC wanted to eliminate barriers to trade, form bigger markets and stimulate productivity and investment expansions.  This paper predicts the trade in commodities between the EAC and EU for 10 years using import and export data from 2009-2016. Regression analysis is used to forecast the level of imports and exports. The study uses a linear model Ft=a+bt+ ε to forecast the level of imports and exports. Two linear models one for imports (Ft=2,791,351.50+28,196t) and another for exports (Ft=4,177,572.071 +62,500.3t) were formulated. The study concludes that there is no significant difference caused by BREXIT on EAC-EU commodity trade in 10 years.

 Keywords: Trading blocs, International trade, Economic Partnership Agreement, Brexit, Import, Export.

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Title:Does Brexit Have an Impact on EAC-EU Commodity Trade?
Author:Caroline Ntara
Journal Name:International Journal of Science and Business
Website:ijsab.com
ISSN:ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI:https://doi.org/10.5281/zenodo.4026020
Media:Online
Volume:4
Issue:10
Acceptance Date:10/09/2020
Date of Publication:12/09/2020
PDF URL:https://ijsab.com/wp-content/uploads/598.pdf
Free download:Available
Page:27-38
First Page:27
Last Page:38
Paper Type:Research Paper
Current Status:Published

Cite This Article:

Caroline Ntara (2020). Does Brexit Have an Impact on EAC-EU Commodity Trade? International Journal of Science and Business, 4(10), 27-38. doi: https://doi.org/ 10.5281/zenodo.4026020

Retrieved from https://ijsab.com/wp-content/uploads/598.pdf

 

About Author (s)

Caroline Ntara, Monarch Business School, Switzerland.

 

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DOI: https://doi.org/10.5281/zenodo.4026020

Total Download of This Article : 19
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The Effect of Non-performing Loans on Performance and Profitability: A Comparative Analysis from Banking Sector of Bangladesh Sanjida Afrin

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The Effect of Non-performing Loans on Performance and Profitability: A Comparative Analysis from Banking Sector of Bangladesh

Author (s)

Sanjida Afrin

Abstract

The purpose of this paper is to assess the intensity of ‘Non-performing Loan’ and its adverse impact on the performance and profitability of the banking sector of Bangladesh. A comparative scenario of state-owned commercial banks and private commercial banks have also been presented in this study. The foregoing discussion of NPL from the perspective of Bangladesh reveals that the amount of defaulted loans have reached an alarming position which degrades the banking industry and makes the economy stagnant. The comparative analysis showed that SOCBs have a higher amount of total NPL, gross NPL ratio and net NPL ratio than that of PCBs. Share in industry total assets, share in deposit and also change in the contribution of industry assets of SOCBs are very lower in comparison to PCBs. Capital adequacy, capital to risk-weighted assets, ROA, ROE and maintained provision of SOCBs are very poor while PCBs have satisfactory performance. Active implementation of policies, proper and adequate surveillance of SOCBs, qualified and neutral board members and non-executives, improved lending process, enforcement of punishable measures and most importantly strong ethical attitude are some of the possible and effective recommendations that should be implemented to eradicate the root of NPL from this emerging economy.

 Keywords: Non-performing loan, State-owned commercial bank, Private commercial bank, Bangladesh Bank, Provision, loan recovery.

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Title:The Effect of Non-performing Loans on Performance and Profitability: A Comparative Analysis from Banking Sector of Bangladesh
Author:Sanjida Afrin
Journal Name:International Journal of Science and Business
Website:ijsab.com
ISSN:ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI:https://doi.org/10.5281/zenodo.4019323
Media:Online
Volume:4
Issue:10
Acceptance Date:05/09/2020
Date of Publication:08/09/2020
PDF URL:https://ijsab.com/wp-content/uploads/597.pdf
Free download:Available
Page:16-26
First Page:16
Last Page:26
Paper Type:Research Paper
Current Status:Published

Cite This Article:

Sanjida Afrin (2020). The Effect of Non-performing Loans on Performance and Profitability: A Comparative Analysis from Banking Sector of Bangladesh. International Journal of Science and Business, 4(10), 16-26. doi: https://doi.org/10.5281/zenodo.4019323

Retrieved from https://ijsab.com/wp-content/uploads/597.pdf

 

About Author (s)

Sanjida Afrin, MBA, Department of  Accounting and Information Systems, University of Dhaka, Bangladesh.

 

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DOI: https://doi.org/10.5281/zenodo.4019323

Total Download of This Article : 225
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Measuring Managerial Skills of Closed-End Mutual Funds in Bangladesh and Its Linkage to the Management Fee Meher Nigar Mila

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Measuring Managerial Skills of Closed-End Mutual Funds in Bangladesh and Its Linkage to the Management Fee

Author (s)

Meher Nigar Mila

Abstract

This report mainly focuses on identifying the managerial skills of fund managers, asset management companies in managing closed-end mutual funds of Bangladesh those are floated during 2013 to 2019 and which allowed to review the management fee system in the mutual fund industry. The analysis found that six fund managers have positive alphas or can produce an abnormal return, which is significant, six other fund managers can be called neither significant nor worst and seven other fund managers have negative alphas or cannot earn excess return due to the lack of managerial skills which are not significant statistically. The highest value in R-square refers that the movement of these mutual funds can be explained not only by the market index but also by the other three factors. It can be concluded that some fund managers have managerial skills, and some don’t have skills, but the current management fee structure system of Bangladesh is counterproductive. This report finds that the seven fund managers with negative alpha, get the same or higher management fees just like the fund managers of positive alpha.

 Keywords: Managerial Skills, Closed-End Mutual Fund, Management Fee, Carhart model, Abnormal return, Asset management.

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Title:Measuring Managerial Skills of Closed-End Mutual Funds in Bangladesh and Its Linkage to the Management Fee
Author:Meher Nigar Mila
Journal Name:International Journal of Science and Business
Website:ijsab.com
ISSN:ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI:https://doi.org/10.5281/zenodo.4013900
Media:Online
Volume:4
Issue:10
Acceptance Date:29/08/2020
Date of Publication:03/09/2020
PDF URL:https://ijsab.com/wp-content/uploads/596.pdf
Free download:Available
Page:1-15
First Page:1
Last Page:15
Paper Type:Research Paper
Current Status:Published

Cite This Article:

Meher Nigar Mila (2020). Measuring Managerial Skills of Closed-End Mutual Funds in Bangladesh and its Linkage to the Management Fee. International Journal of Science and Business, 4(10), 1-15. doi: https://doi.org/10.5281/zenodo.4013900

Retrieved from https://ijsab.com/wp-content/uploads/596.pdf

 

 

About Author (s)

Meher Nigar Mila,Department of Finance, University of Dhaka, Bangladesh.

 

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DOI: https://doi.org/10.5281/zenodo.4013900

Total Download of This Article : 38