ijsab.com logo

The Impact of FDI and Foreign Aid on the Economic Growth: Empirical Evidence from Sub-Saharan African Countries Afolabi Tunde Ahmed & Imran Ur Rahman

The Impact of FDI and Foreign Aid on the Economic Growth: Empirical Evidence from Sub-Saharan African Countries

Author (s)

Afolabi Tunde Ahmed & Imran Ur Rahman

Abstract

Many are the presumptions of the effect of Foreign aid on growth on one side and the effect of Foreign Direct investment (FDI) on the other side. Our research empirically examines the impact of FDI and Foreign Aid on economic growth of Sub-Saharan African countries. To do so, we answer three questions: What drives the economic growth in Sub-Saharan Africa? What are the impacts of FDI and Foreign Aid on economic growth? and which relationship does exist in one part between FDI and economic growth and the other part between Foreign Aid and economic growth? To tackle our objectives we formulated four hypotheses with Gravity model and Two Stages Generalized Method of Moment analysis. Our findings lead us to conclude: Firstly, three fundamental factors responsible for the economic growth: the country fundamentals (the population, the capital formation), the governance implication (governance effectiveness, Regulatory Quality), and the macro stabilities (Foreign Direct Investment, Foreign Aid, Trade) are responsible and the key factors for the growth in SSA. Secondly, FDI and Aid have a positive and highly significant effect on the GDP. Thirdly, FDI and Aid have short run relationship with the economic growth. And fourthly, our result fall in line with others which have found that domestic factors are vital in promoting the growth effects of FDI. Nevertheless, the findings of this study diverge from others in the literature studies. Even though other researches in the literature works hypothesize that FDI has no absolute positive effect on growth, this study finds that FDI plays a direct role in promoting growth.

Keywords: FDI, Foreign Aid, Economic Growth, Sub-Saharan Africa, Governance Effectiveness, Regulatory Quality.

Download PDF

Title: The Impact of FDI and Foreign Aid on the Economic Growth: Empirical Evidence from Sub-Saharan African Countries
Author:

Afolabi Tunde Ahmed & Imran Ur Rahman

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.3870562
Media: Online
Volume: 4
Issue: 6
Acceptance Date: 17/05/2020
Date of Publication: 31/05/2020
PDF URL: https://ijsab.com/wp-content/uploads/554.pdf
Free download: Available
Page: 53-70
First Page: 53
Last Page: 70
Paper Type: Research Paper
Current Status: Published

Cite This Article:

Afolabi Tunde Ahmed & Imran Ur Rahman (2020). The Impact of FDI and Foreign Aid on the Economic Growth: Empirical Evidence from Sub-Saharan African Countries. International Journal of Science and Business, 4(6), 53-70. doi: https://doi.org/10.5281/zenodo.3870562

Retrieved from https://ijsab.com/wp-content/uploads/531.pdf

 

 

About Author (s)

Tunde Ahmed Afolabi, Ph.D. School of International Trade and Economics, University of International Business and Economics (UIBE), Beijing, China, sirdanielastro12@yahoo.com

Imran Ur Rahman, (Corresponding Author) Associate Professor, Ph.D., Center for Trans-Himalaya Studies, Leshan Normal University, Sichuan China, 2388018157@qq.com

 

Download PDF

DOI: https://doi.org/10.5281/zenodo.3870562

ijsab.com logo

Competitiveness of Bangladeshi Ready Made Garments Industry in global Market Md Kamal Hossain

  Competitiveness of Bangladeshi Ready Made Garments Industry in global Market

Author (s)

Md Kamal Hossain

Abstract

Core objective of this paper is to prepare a model on competitiveness for garments sector of Bangladesh by using the theory of Porters domestic competitive advantage. This study also shows how this industry can sustain as a part of a global competitive marketplace by using various internal elements of competitive advantage. Depending on the significant research characteristics qualitative method has been used as a research method for this study. 22 personnel were interviewed who were closely related with this industry over cell phone to collect large part of secondary data.  This paper will provide necessary evidence on how internal elements can be helpful for apparel sector becomes more competitive towards global garments trade. This paper also will help the management to find more other important factors that can help this sector to remain competitive at global trade. Moreover it also can help responsible government body by realizing all problems or possibilities exists in this industry and practice appropriate approach in the development of the garments industry of Bangladesh.

Keywords: Bangladesh, competitiveness, readymade garments, Michael Porter’s model, internal competitive advantage.

Download PDF

Title: Competitiveness of Bangladeshi Ready Made Garments Industry in global Market
Author:

Md Kamal Hossain

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.3865899
Media: Online
Volume: 4
Issue: 6
Acceptance Date: 20/05/2020
Date of Publication: 30/05/2020
PDF URL: https://ijsab.com/wp-content/uploads/551.pdf
Free download: Available
Page: 1-18
First Page: 1
Last Page: 18
Paper Type: Research Paper
Current Status: Published

Cite This Article:

Md Kamal Hossain (2020). Competitiveness of Bangladeshi Ready Made Garments Industry in global Market. International Journal of Science and Business, 4(6), 1-18. doi: https://doi.org/10.5281/zenodo.3865899

Retrieved from https://ijsab.com/wp-content/uploads/551.pdf

 

About Author (s)

Md Kamal Hossain, Masters of Economics, University of International Business and Economics (UIBE), China.

Download PDF

DOI: https://doi.org/10.5281/zenodo.3865899

ijsab.com logo

Study on Heat Wave and its Thermodynamic features over Bangladesh using Numerical Weather Prediction Model (NWPM) Kaniz Fatema Lubna, Muhammad Abul Kalam Mallik, Md. Sajadul Alam, Abdun Naqib Jimmy, Tanjila Islam, Imtiaz Ahmad, Kaniz Fatema & Nazmul Ahsan Khan

  Study on Heat Wave and its Thermodynamic features over Bangladesh using Numerical Weather Prediction Model (NWPM)

Author (s)

Kaniz Fatema Lubna, Muhammad Abul Kalam Mallik, Md. Sajadul Alam, Abdun Naqib Jimmy, Tanjila Islam, Imtiaz Ahmad, Kaniz Fatema & Nazmul Ahsan Khan

Abstract

In this study, an attempt has been made to simulate the Heat Wave conditions in temperature range of ≥ 36ºC and its associated thermodynamic features over Bangladesh from 19 may to 25 May, 2017, using Advanced Research and Forecasting Model (WRF-ARW) – version 4.0. The WRF model was run for 6 days on a single domain of 10 km. horizontal resolution, using 6 hourly GFS datasets from 0000 UTC of each starting day of the required events as initial and lateral boundary conditions. For simulation, Kessler Scheme (KF) for microphysics, Yonsei University Scheme (YUS) for Planetary Boundary Layer (PBL) parametrization, Rapid Radiative Transfer Model (RRTM) for long wave radiation, and Dudhia Scheme (DS) for short wave radiation and Kain- Fritsch (KF) scheme for cumulus parametrization were used. The models have been analyzed numerically using several meteorological parameters such as Mean Sea Level Pressure, Relative Humidity, Temperature, Wind Pattern, Rainfall and Latent Heat, and the output is visualized by Grid Analysis and Display System (GrADS) and surfer. To validate the model performance, model-simulated values of Relative Humidity, Temperature (maximum) and Mean Sea Level Pressure were compared with observed data (Bangladesh Meteorological Department). From the analysis it is clear that the performance of the model is reasonably well to the observations, so that for the up-coming events for extreme temperature conditions the model can be used for the prediction which will bring social and economic benefits.

Keywords: Latent Heat, Relative Humidity, Temperature, Mean Sea Level, Simulation.

Download PDF

Title: Study on Heat Wave and its Thermodynamic features over Bangladesh using Numerical Weather Prediction Model (NWPM)
Author:

Kaniz Fatema Lubna, Muhammad Abul Kalam Mallik, Md. Sajadul Alam, Abdun Naqib Jimmy, Tanjila Islam, Imtiaz Ahmad, Kaniz Fatema & Nazmul Ahsan Khan

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.3839997
Media: Online
Volume: 4
Issue: 6
Acceptance Date: 17/05/2020
Date of Publication: 22/05/2020
PDF URL: https://ijsab.com/wp-content/uploads/553.pdf
Free download: Available
Page: 44-52
First Page: 44
Last Page: 52
Paper Type: Research Paper
Current Status: Published

Cite This Article:

Kaniz Fatema Lubna, Muhammad Abul Kalam Mallik, Md. Sajadul Alam, Abdun Naqib Jimmy, Tanjila Islam, Imtiaz Ahmad, Kaniz Fatema & Nazmul Ahsan Khan (2020). Study on Heat Wave and its Thermodynamic features over Bangladesh using Numerical Weather Prediction Model (NWPM). International Journal of Science and Business, 4(6), 44-52. doi: https://doi.org/10.5281/zenodo.3839997

Retrieved from https://ijsab.com/wp-content/uploads/531.pdf

 

 

About Author (s)

Kaniz Fatema Lubna, Alumni, Environmental Science and Management, North South University,        Dhaka, Bangladesh.

Muhammad Abul Kalam Mallik, Meteorologist, Storm Warming Center, Bangladesh Meteorological Department, Bangladesh

Md. Sajadul Alam, (Corresponding Author) GIS Analyst, Environmental Science and Management,     North South University, Dhaka, Bangladesh.

Abdun Naqib Jimmy, Alumni, Environmental Science and Management, North South University,        Dhaka, Bangladesh.

Tanjila Islam, Senior   Officer-MEAL, Climate Change Adaptation, Save the Children in Bangladesh

Imtiaz Ahmad, Benefit Monitoring & Evaluation Specialist, Food and Agriculture Organization of      the United Nations, Dhaka, Bangladesh.

Kaniz Fatema, Senior Programme Associate, Vulnerability Analysis and Mapping (VAM) Unit, United Nation’s World Food Programme, Dhaka, Bangladesh.

Nazmul Ahsan Khan, Professor and Proctor, Environmental Science and Management, North South   University, Dhaka Bangladesh.

 

Download PDF

DOI: https://doi.org/10.5281/zenodo.3839997

ijsab.com logo

Determinants of Microfinance Sustainability and Outreach to the Poor: Evidence from Microfinance Institutions in Sub-Saharan Africa Alier Maker Ghai Duk

  Determinants of Microfinance Sustainability and Outreach to the Poor: Evidence from Microfinance Institutions in Sub-Saharan Africa

Author (s)

Alier Maker Ghai Duk

Abstract

Poverty eradication is a continuous global incident, however the global severity have never been the same, on that specific note, developing countries such as Sub Saharan Africa countries (SSAC) with wide scale poverty prevalence have employed various poverty reduction institutions such as microfinance institutions as appropriate mechanisms to remove many poor people from poverty trap. A sample of 200 microfinance institutions from 30 Sub Saharan African countries was taken for research investigation with three-stage least square (3SLS) method adopted as appropriate model for investigation, the fondness is owing to the fact that the 3SLS is an amalgamation of the 2SLS and seemingly unrelated regressions (SUR) which produces more efficient results. From our result, as evidence suggest, there is enormous disagreement between sustainability and outreach of MFIs mission as regression results interestingly demonstrates trade-off between sustainability indicators and outreach indicators among MFIs in Sub Saharan Africa. Furthermore, from regression outcome, we found no complementary relationship between sustainability and outreach,  additionally as evidence further suggest, we see that, the degree of different of coefficient on influence of sustainability on outreach is slightly bigger compare to degree of influence of outreach on sustainability, from that view, we deduced that concentrating on sustainability in Sub Saharan Africa is tremendously dangerous to the social goal of microfinance institutions, this therefore concurred with the mission drift emphasized in most literatures. We have also been able to identify major institutional determinants of sustainability and outreach as yield, loan portfolio, operating expense and not-for-profit, the results are particularly important to policy makers and institutional managers in deciding matters of outreach and sustainability. furthermore, by Looking at the possibility on whether MF can lead to poverty alleviation, we found no substantial evidence in support of the fact that microfinance institutions can be final panacea for poverty alleviation in Sub Saharan Africa.

Keywords: Determinants, Sustainability, Outreach, Microfinance, Sub Saharan Africa.

Download PDF

Title: Determinants of Microfinance Sustainability and Outreach to the Poor: Evidence from Microfinance Institutions in Sub-Saharan Africa
Author:

Alier Maker Ghai Duk

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.3839937
Media: Online
Volume: 4
Issue: 6
Acceptance Date: 20/05/2020
Date of Publication: 22/05/2020
PDF URL: https://ijsab.com/wp-content/uploads/552.pdf
Free download: Available
Page: 21-43
First Page: 21
Last Page: 43
Paper Type: Research Paper
Current Status: Published

Cite This Article:

Alier Maker Ghai Duk (2020). Determinants of Microfinance Sustainability and Outreach to the Poor: Evidence from Microfinance Institutions in Sub-Saharan Africa. International Journal of Science and Business, 4(6), 21-43. doi: https://doi.org/10.5281/zenodo.3839937

Retrieved from https://ijsab.com/wp-content/uploads/552.pdf

 

About Author (s)

Alier Maker Ghai Duk, School of International Trade and Economics, University of International Business and Economics (UIBE), China.

 

Download PDF

DOI: https://doi.org/10.5281/zenodo.3839937

ijsab.com logo

E-Governance Initiative and the Concept of Digital Bangladesh: A Critical Analysis Sabina Yeasmin & Shamima yasmin

  E-Governance Initiative and the Concept of  Digital Bangladesh: A Critical Analysis

Author (s)

Sabina Yeasmin & Shamima yasmin

Abstract

Government functions are the most profound areas where the new information and communication technologies (ICT) can play a pivotal role in fostering and ameliorating citizen centric services. This can make a significant contribution to the achievement of the socio-economic livelihood of the people. E-Governance, being a strategic outcome, relates to spread digital dividends across different social segments especially in any developing country. In Bangladesh, newer ICT tools remained beyond the access of most of its citizens. As part of the national delivery strategy, the Government has decided with the vision of creating a ‘Digital Bangladesh’ by 2021. The very idea started as part of the election manifesto of the ruling party in the last national election held in 2008. This paper attempts to identify the issues and challenges, which Bangladesh is currently facing with regard to the implementation of e-Governance. E-Governance is recognized as a comprehensive system of specific change and strategic tools that support and simplify governance to improve specific policies such as information, citizen participation, efficiency, rapid service delivery, reducing fraud, forwarding, and responding to changes in the Outdoor area. However, the main focus of the paper is to critically analyze various factors to identify success and failures in implementing such programme in Bangladesh.

Keywords: ICT, E-Governance, Digital Bangladesh, Livelihood, Digital dividends.

Download PDF

Title: E-Governance Initiative and the Concept of  Digital Bangladesh: A Critical Analysis
Author:

Sabina Yeasmin & Shamima yasmin

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.3836147
Media: Online and print
Volume: 4
Issue: 5
Acceptance Date: 18/05/2020
Date of Publication: 20/05/2020
PDF URL: https://ijsab.com/wp-content/uploads/532.pdf
Free download: Available
Page: 83-90
First Page: 83
Last Page: 90
Paper Type: Research Paper
Current Status: Published

Cite This Article:

Sabina Yeasmin & Shamima yasmin (2020). E-Governance Initiative and the Concept of Digital Bangladesh: A Critical Analysis. International Journal of Science and Business, 4(5), 83-90. doi: https://doi.org/10.5281/zenodo.3836147

Retrieved from https://ijsab.com/wp-content/uploads/532.pdf

 

About Author (s)

Dr. Sabina Yeasmin, Professor, Bangladesh Open University, Gazipur, Bangladesh.

Shamima yasmin, (Corresponding Author), Professor, Tejgaon college, 16, Indira Road, Dhaka-1215, Bangladesh.

 

Download PDF

DOI: https://doi.org/10.5281/zenodo.3836147

ijsab.com logo

Determinants of Foreign Direct Investment: A Panel Data Analysis of the 24 Emerging Countries Nusrat Jahan

  Determinants of Foreign Direct Investment: A Panel Data Analysis of the 24 Emerging Countries

Author (s)

Nusrat Jahan

Abstract

The world economy has witnessed a boost of Foreign Direct Investment (FDI) inflows across different countries which are the most visible sign of globalization. FDI has grown at an exceptional rate since 1980s. It is evident from the past decade that the trend of FDI has shifted from developed countries to emerging economies. Investors are shifting to the emerging countries as they offer more potential growth and investment returns. Since these countries have emerged as an attractive destination of FDI, it is necessary to investigate the key determining factors that make these countries lucrative as FDI destinations. Hence, this study explores the factors determining FDI inflows into the emerging countries during the time frame from 1992 to 2016. This study identifies a set of potential explanatory variables which include market size, trade openness, availability of natural resources, economic instability, infrastructure facilities, labor force, and financial development level. A fixed effect model is employed on the panel data set that incorporates data from 24 emerging countries. Here, secondary data is used to analyze the variables which are collected from the World Bank dataset. The empirical findings of this study demonstrate that market size, trade openness, availability of natural resources, economic instability, infrastructure facilities, and financial development level are potential determinants of FDI inflows to the emerging countries, whereas, labor force appears to be an insignificant determinant of inward FDI to the emerging countries.

Keywords: Foreign Direct Investment, emerging countries, determinants of FDI inflow, panel data analysis, fixed effects model.

Download PDF

Title: Determinants of Foreign Direct Investment: A Panel Data Analysis of the 24 Emerging Countries
Author:

Nusrat Jahan

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.3820478
Media: Online and print
Volume: 4
Issue: 5
Acceptance Date: 10/05/2020
Date of Publication: 11/05/2020
PDF URL: https://ijsab.com/wp-content/uploads/530.pdf
Free download: Available
Page: 57-73
First Page: 57
Last Page: 73
Paper Type: Research Paper
Current Status: Published

Cite This Article:

Nusrat Jahan (2020). Determinants of Foreign Direct Investment: A Panel Data Analysis of the 24 Emerging Countries. International Journal of Science and Business, 4(5), 57-73. doi: https://doi.org/10.5281/zenodo.3820478

Retrieved from https://ijsab.com/wp-content/uploads/530.pdf

 

About Author (s)

Nusrat Jahan, Assistant Professor, Department of Marketing, University of Barishal, Barishal-8200, Bangladesh. Email: njahan.uibe@gmail.com

 

Download PDF

DOI: https://doi.org/10.5281/zenodo.3820478

ijsab.com logo

A Review of Overconfidence in Behavioral Finance Ramon Joffre Alan Pires

     A Review of Overconfidence in Behavioral Finance

Author (s)

Ramon Joffre Alan Pires

Abstract

Behavioral finance can be dichotomized into limits to arbitrage and cognitive psychology. While limits to arbitrage describes when markets are inefficient, cognitive psychology refers to how people think. In this review we focus on one well-established bias of cognitive psychology, namely overconfidence. Throughout the literature there are three distinct ways in which overconfidence has been defined: (1) overestimation, (2) overplacement and (3) overprecision. We shortly summarize the ideas of conventional theory about overconfidence, and present the most significant findings of the relevant literature. Hereby we differentiate between studies that investigate overconfidence on the micro level (i.e. individual-level data) and the macro level (i.e. aggregated-level or market-level data). We will also discuss inconsistency across different measures of overconfidence and the reverse phenomena of overconfidence, i.e. underconfidence. To stay within the scope of this work we place our main focus on experimental studies.

Key words: overconfidence, behavioral finance, investor psychology, financial markets, review.

Download PDF

Title: A Review of Overconfidence in Behavioral Finance
Author:

Ramon Joffre Alan Pires

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.3818349
Media: Online
Volume: 4
Issue: 3
Acceptance Date: 22/02/2020
Date of Publication: 09/05/2020
PDF URL: https://ijsab.com/wp-content/uploads/502.pdf
Free download: Available
Page: 71-78
First Page: 71
Last Page: 78
Paper Type: Literature Review
Current Status: Published

Cite This Article:

Ramon Joffre Alan Pires (2020). A Review of Overconfidence in Behavioral Finance. International Journal of Science and Business, 4(3), 71-78.  doi: 10.5281/zenodo.3818346

Retrieved from https://ijsab.com/wp-content/uploads/502.pdf

 

About Author (s)

Ramon Joffre Alan Pires, School of Business, University of International Business and Economics (UIBE), Beijing, China.

 

Download PDF

DOI: https://doi.org/10.5281/zenodo.3818349

ijsab.com logo

The Role of Intellectual Capital in Organizational Performance: A Study of Small and Medium Businesses In Erbil Ari Hameed & Ayşen Berberoğlu

The Role of Intellectual Capital in Organizational Performance: A Study of Small and Medium Businesses In Erbil

Author (s)

Ari Hameed & Ayşen Berberoğlu

Abstract

The main aim of this study is to investigate the relationship between three main intellectual capital’s element which they are; human capital consists of learning and education, experience and expertise, innovation and creation, the second element is structural capital which consists of system and program, research and development, intellectual property rights and third element is relationship capital which consists of strategic alliance, relationship with partners, suppliers and customers, knowledge about partners, suppliers and customers.  A quantitative method applied to measure the relationship between intellectual capital and SMB performance.  A random sampling method applied to find out the relationship between Intellectual capital and SMB Performance.  The research was conducted in the Small and Medium Businesses in Erbil. A total of 400 questionnaires were distributed in the Small and Medium Businesses, however 312 questionnaires were received and being completed properly, and the data were collected through in hard copies. The authors applied multiple regression analysis to measure the nine research hypotheses developed by the authors, the findings revealed that the highest value was for learning and education dimension’s relationship with SMB performance on the other hand the lowest value was for experience and expertise’s relationship with SMB performance in Erbil.

Keywords: Intellectual capital, Small and medium business, performance, Erbil, Northern Iraq.

Download PDF

Title: The Role of Intellectual Capital in Organizational Performance: A Study of Small and Medium Businesses In Erbil
Author:

Ari Hameed & Ayşen Berberoğlu

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.3813767
Media: Online
Volume: 4
Issue: 4
Acceptance Date: 26/04/2020
Date of Publication: 07/05/2020
PDF URL: https://ijsab.com/wp-content/uploads/520.pdf
Free download: Available
Page: 144-156
First Page: 144
Last Page: 156
Paper Type: Research Paper
Current Status: Published

Cite This Article:

Ari Hameed & Ayşen Berberoğlu (2020). The Role of Intellectual Capital in Organizational Performance: A Study of Small and Medium Businesses In Erbil. International Journal of Science and Business, 4(4), 144-156. doi: https://doi.org/ 10.5281/zenodo.3813767

Retrieved from https://ijsab.com/wp-content/uploads/520.pdf

 

About Author (s)

Ari Hameed (Corresponding Author), Department of Business Administration, Faculty of    Economics and Administrative Sciences, Cyprus International University, Haspolat Campus, Northern Cyprus via Mersin 10, Turkey.

Dr. Ayşen Berberoğlu, Assistant Professor, Department of Business Administration,  Faculty of Economics and Administrative Sciences,  Cyprus International University,      Haspolat Campus, Northern Cyprus via Mersin 10, Turkey.

 

Download PDF

DOI: https://doi.org/10.5281/zenodo.3813767

ijsab.com logo

Effect of Capital Structure on the Financial Performance of Non-Financial Firms Quoted at the Nairobi Securities Exchange Muyundo Calvin Mukumbi, Khisa Wekulo Eugine & Shu Jinghong

Effect of Capital Structure on the Financial Performance of Non-Financial Firms Quoted at the Nairobi Securities Exchange

Author (s)

Muyundo Calvin Mukumbi, Khisa Wekulo Eugine & Shu Jinghong

Abstract

Choosing whether to finance a business with debt or equity has led to a never-ending search for the best capital structure. Researchers have conducted several research studies trying to find out the optimal capital structure. Some indicate that a firm having a high degree of leverage seems to have an optimal capital structure and thus leads to better financial performance. There are others such as that of Modigliani-Miller that differs in argument by concluding that high leverage does not influence the value of the firm. This research study aimed at determining the impact of capital structure on the financial performance of non-financial firms quoted at the Nairobi Securities Exchange. The study was conducted on 16 non-financial firms that were in operation in Kenya and quoted at the NSE between 2013 and 2017. Financial performance was measured by return on assets and return on equity, while the capital structure was measured using the change in debt and debt-equity ratio. Secondary data utilised was obtained from audited financial statements derived from company websites and NSE handbook covering the period 2013 to 2017. Correlation and regression analysis were employed in the statistical analysis that was carried out with the aid of STATA version 15. The findings showed that capital structure has a direct influence on the financial performance of firms listed at the Nairobi bourse. The results showed that the financial performance of firms increases with the increase in the changes in debt in the capital structure. This thus supports debt financing in running the firms as compared to equity financing. The study thus recommended that firms should increase debt financing in their capital structure in order to enhance financial performance and increase value to the companies’ stakeholders.

Keywords: Capital Structure, Financial Performance, NSE.

Download PDF

Title: Effect of Capital Structure on the Financial Performance of Non-Financial Firms Quoted at the Nairobi Securities Exchange
Author:

Muyundo Calvin Mukumbi, Khisa Wekulo Eugine & Shu Jinghong

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.3787293
Media: Online
Volume: 4
Issue: 4
Acceptance Date: 03/05/2020
Date of Publication: 05/05/2020
PDF URL: https://ijsab.com/wp-content/uploads/522.pdf
Free download: Available
Page: 165-179
First Page: 165
Last Page: 179
Paper Type: Research Paper
Current Status: Published

Cite This Article:

Muyundo Calvin Mukumbi, Khisa Wekulo Eugine & Jinghong Shu (2020). Effect of Capital Structure on the Financial Performance of Non-Financial Firms Quoted at the Nairobi Securities Exchange. International Journal of Science and Business, 4(4), 165-179. doi: https://doi.org/10.5281/zenodo.3787293

Retrieved from https://ijsab.com/wp-content/uploads/522.pdf

 

About Author (s)

Mukumbi Calvin Muyundo (Corresponding Author), Department of Finance, University of International Business and Economics, Beijing, China.

Khisa Wekulo Eugine, Department of Statistics and Actuarial Science, University of International Business and Economics

Prof. Shu Jinghong, Department of Finance, University of International Business and Economics, Beijing, China.

 

Download PDF

DOI: https://doi.org/10.5281/zenodo.3787293

ijsab.com logo

Determinants of Collective Marketing Action and Profitability of Smallholder Farmers Enterprise in Uganda John Ariko Okelai, Alain Vilard Ndi Isoh, & Gladies Angundaru

Determinants of Collective Marketing Action and Profitability of Smallholder Farmers Enterprise in Uganda

Author (s)

John Ariko Okelai, Alain Vilard Ndi Isoh, & Gladies Angundaru

Abstract

This paper explores the theoretical underpinnings of Collective Market as a practical Marketing model promoted to address the problem of social and economic inclusion into global agro-commodity market supply chains of smallholder farmers in Africa. A qualitative study based on the grounded theory approach was used supported by the philosophical underpinnings of objectivism ontology and interpretivism epistemology. In-depth interviews were conducted to explore the perspectives of farmers and stakeholders participating in collective marketing and export programs. Data was analyzed using the provisions of Grounded Theory and the concept of Theoretical Saturation guided the determination of sample size and sampling adequacy. Data validity was established through credibility, dependability, conformability and transferability parameters. This study is purely based on a qualitative research design. It does not attempt to provide a quantitative empirical test for the proposed theory. The has provided a theoretical explanation of the relationship between collective marketing and profitability of smallholder farmer’s and offers a practical understanding for academia, promoters of collective marketing and policy markers concerned with integration of smallholder farmers into global supply chains. It will enable better planning of collective marketing for smallholder farmers, with the potential to focus efforts towards commercializing smallholder agriculture, advance inclusion into global markets and achieve poverty eradication goals. The study makes the first known attempt to construct a Theory of Collective Marketing” to systematize the understanding of collective marketing. The theory proposed is grounded on original data.

Keywords: Collective marketing, Economic exclusion, Market integration, Social entrepreneurship, Smallholder farmers.

Download PDF

Title: Determinants of Collective Marketing Action and Profitability of Smallholder Farmers Enterprise in Uganda
Author:

John Ariko Okelai, Alain Vilard Ndi Isoh, & Gladies Angundaru

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.3787168
Media: Online
Volume: 4
Issue: 4
Acceptance Date: 28/03/2020
Date of Publication: 05/05/2020
PDF URL: https://ijsab.com/wp-content/uploads/523.pdf
Free download: Available
Page: 180-191
First Page: 180
Last Page: 191
Paper Type: Research Paper
Current Status: Published

Cite This Article:

John Ariko Okelai, Alain Vilard Ndi Isoh, & Gladies Angundaru (2020). Determinants of Collective Marketing Action and Profitability of Smallholder Farmers Enterprise in Uganda. International Journal of Science and Business, 4(4), 180-191.  doi: 10.5281/zenodo.3787168

Retrieved from https://ijsab.com/wp-content/uploads/523.pdf

 

About Author (s)

John Ariko Okelai (Corresponding author), a Lecturer in the department of Business         Administration, Makerere University Business School, Kampala Uganda.

Dr. Alain Vilard Ndi Isoh, Ph.D., Lecturer at the ICT University USA (Cameroon Campus).

Gladies Angundaru, a Lecturer in the department of Business Administration, Makerere    University Business School, Kampala Uganda.

 

 

Download PDF

DOI: https://doi.org/10.5281/zenodo.3787168

ijsab.com logo

A Brief Discussion On Farakka Barrage & Ganges Treaty Tasnova Jerin Ulfat & Shanjia Shams

A Brief Discussion On Farakka Barrage & Ganges Treaty

Author (s)

Tasnova Jerin Ulfat & Shanjia Shams

Abstract

After the partition of the subcontinent in 1947, India took initiative to construct a barrage on its side of the Ganges & commissioned it in 1975. In the past few decades, many of the rivers in Bangladesh, that originated in India, have either been diverted or dammed upstream, inside India. All of these hydro-development initiatives have left a profound impact on Bangladesh as it is receiving end of the Himalayan fluvial regime. In particular, Bangladesh’s agriculture, fisheries, human health and wellbeing are reported to have been significantly affected by the disruption of natural water flow in its rivers. The debate over the water sharing issues between India & Bangladesh dates back as early as their birth but the historical developments of the disputes have never been adequately addressed in settling the issues. This paper analyzes the Farakka Barrage & the consequences of the Ganges Water Sharing Treaty, with some recommendations that can assist to decrease the barriers in this issue.

Keywords: Himalaya, Ecosystem, Conflict, Agreement, Control, Harm.

Download PDF

Title: A Brief Discussion On Farakka Barrage & Ganges Treaty
Author:

Tasnova Jerin Ulfat & Shanjia Shams

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.3783571
Media: Online
Volume: 4
Issue: 4
Acceptance Date: 29/04/2020
Date of Publication: 03/05/2020
PDF URL: https://ijsab.com/wp-content/uploads/521.pdf
Free download: Available
Page: 157-164
First Page: 157
Last Page: 164
Paper Type: Research Paper
Current Status: Published

Cite This Article:

Tasnova Jerin Ulfat & Shanjia Shams (2020). A Brief Discussion On Farakka Barrage & Ganges Treaty. International Journal of Science and Business, 4(4), 157-164. doi: https://doi.org/10.5281/zenodo.3783571

Retrieved from https://ijsab.com/wp-content/uploads/521.pdf

 

About Author (s)

Tasnova Jerin Ulfat (Corresponding Author), Department of Bangladesh & Liberation War Studies, Noakhali Science & Technology University, Bangladesh.

Shanjia Shams, Department of Bangladesh & Liberation War Studies, Noakhali Science & Technology University, Bangladesh.

 

Download PDF

DOI: https://doi.org/10.5281/zenodo.3783571

ijsab.com logo

History of English Teaching in Bangladesh: From Inception to Present Practice S. M. Faisal Arafat & Susmita Rejwana Mehnaaz

  History of English Teaching in Bangladesh: From Inception to Present Practice

Author (s)

S. M. Faisal Arafat & Susmita Rejwana Mehnaaz

Abstract

This paper is a brief analysis of English language learning and teaching practice in Bangladesh. It shows the history of English language introduction in the country by the British rulers as a part of Indian subcontinent and then presents a gradual discussion about the evolution of the language practice with all its highs and lows since the inception to the present situation. Prominent language teaching methodologies have eventually emerged as a part of discussion but the paper does not opine for any specific method to be the most suited but within a very limited scope, a picture of the prevailing language reality has been surfaced in the study. This is just a neutral analysis, a critical approach drawn from the related resources. The paper intends to draw the attention of the policymakers to provide an impetus to the thought of delivering the learners and the teachers a teaching learning practice which serves best for the nation.

Keywords: English, history, inception, present practice, Grammar Translation Method, Communicative Language Teaching.

Download PDF

Title: History of English Teaching in Bangladesh: From Inception to Present Practice
Author:

S. M. Faisal Arafat & Susmita Rejwana Mehnaaz

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.3780111
Media: Online and print
Volume: 4
Issue: 5
Acceptance Date: 29/04/2020
Date of Publication: 01/05/2020
PDF URL: https://ijsab.com/wp-content/uploads/529.pdf
Free download: Available
Page: 50-56
First Page: 50
Last Page: 56
Paper Type: Research Paper
Current Status: Published

Cite This Article:

S. M. Faisal Arafat & Susmita Rejwana Mehnaaz  (2020). History of English Teaching in Bangladesh: From Inception to Present Practice. International Journal of Science and Business, 4(5), 50-56. doi: https://doi.org/10.5281/zenodo.3780111

Retrieved from https://ijsab.com/wp-content/uploads/529.pdf

 

 

About Author (s)

S. M. Faisal Arafat, (Corresponding Author) Lecturer (English), BCS (General Education), Ministry of Education, Bangladesh.

Susmita Rejwana Mehnaaz, Assistant Teacher (English), Bangladesh International School & College (BISC), Nirjhor, Dhaka Cantonment, Bangladesh.

 

Download PDF

DOI: https://doi.org/10.5281/zenodo.3780111