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The Level of Internationalization of Albanian Firms
Issue:
Volume 2, Issue 1, February 2017
Pages:
1-10
Received:
25 October 2016
Accepted:
18 November 2016
Published:
26 December 2016
DOI:
10.11648/j.jbed.20170201.11
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Abstract: In this paper we examine how the level of internationalization, i.e. a firm’s relative exposure to foreign sales, affects individual SMEs in Albania. Since it is conducted using a data sample with albanian SMEs, its applicability in other countries may vary. The purpose of this study is to increase the knowledge and provide insights on how internationalization affects SMEs in general and in Albania in particular. This empirical analysis aims to study if Albanian firms are internationalized or not, for a panel of 50 Albanian small and medium enterprises for the period 2013 to 2014. For the realization of this paper we are based on a rich contemporary literature but also in the analysis of data obtained from firms’ balances and from a survey in Albanian firms for the last 2 years. Results of this work will help the work of managers and financial managers in Albanian companies, but also other persons interested in the field of international finance, at a time when the main reason for the financial crisis in the world today is precisely the lack of liquidity which consequently leads to the reduction of exports to foreign international markets.
Abstract: In this paper we examine how the level of internationalization, i.e. a firm’s relative exposure to foreign sales, affects individual SMEs in Albania. Since it is conducted using a data sample with albanian SMEs, its applicability in other countries may vary. The purpose of this study is to increase the knowledge and provide insights on how internat...
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Proposal of a Methodology for Ranking Stocks by Multicriteria Methods: A Practical Approach Case of the Stocks Exchange Tunis
Wahiba Halimi,
Ibrahim Lahouel
Issue:
Volume 2, Issue 1, February 2017
Pages:
11-21
Received:
30 October 2016
Accepted:
19 November 2016
Published:
26 December 2016
DOI:
10.11648/j.jbed.20170201.12
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Abstract: Multicriteria decision is one of the most complex areas, given the large number of criteria to assess the difficulty of quantifying some qualitative criteria and the requirement to integrate the decision-maker himself in the process of decision making through multi-criteria methods. The choice of methods depends on several variables in one of them is the type of scope; The management of stock portfolio is one of the modern fields of the application of multi-criteria methods. This article proposes the establishment of a stock portfolio via multi-criteria methods, the portfolio is made up from all the listed companies of Tunis (TSE).
Abstract: Multicriteria decision is one of the most complex areas, given the large number of criteria to assess the difficulty of quantifying some qualitative criteria and the requirement to integrate the decision-maker himself in the process of decision making through multi-criteria methods. The choice of methods depends on several variables in one of them ...
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Microinsurance and Its Untapped Economic Development Potentials in Nigeria
Frank Bassey Ime,
Acha Ikechukwu
Issue:
Volume 2, Issue 1, February 2017
Pages:
22-30
Received:
30 October 2016
Accepted:
25 November 2016
Published:
3 January 2017
DOI:
10.11648/j.jbed.20170201.13
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Abstract: This study highlights the potential contributions of microinsurance business to the growth and development of the Nigerian economy. It noted the low levels of insurance coverage where only 1% of the adult population is insured and insurance penetration of 0.68%. The contribution of insurance to GDP is put at a paltry 0.72% and poverty is so high that about 70% of the population live on less than $1.00 a day. The paper therefore examines the fundamental issues that bedevil the Nigerian economy and the insurance industry and the impact of the issues on the country’s economy. The inadequacy of data and relative newness of the microinsurance arrangement encouraged documentary review in this study, with extensive employment of secondary sources of information. Using a descriptive research design and employing tables, graphs, charts and percentages to analyze the data, the study shows that development of microinsurance business in Nigeria has the potential to undo some of the country’s economic woes, and ensure more insurance penetration and financial inclusion. It shows there are developmental gaps in the operation of insurance business in Nigeria which microinsurance business arrangement can effectively fill. The study therefore recommends, amongst other things, extensive information dissemination about microinsurance products, development of tailored microinsurance products for the target market of poor and low income earners and the employment of appropriate channels, like mobile network operators, market and farming associations etc, as payment platforms to disseminate information and collect premiums.
Abstract: This study highlights the potential contributions of microinsurance business to the growth and development of the Nigerian economy. It noted the low levels of insurance coverage where only 1% of the adult population is insured and insurance penetration of 0.68%. The contribution of insurance to GDP is put at a paltry 0.72% and poverty is so high th...
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Determinants of Capital Structure and Its Impact on the Debt Maturity of the Textile Industry of Bangladesh
G. M. Wali Ullah,
Mohammad Minhaz Uddin,
Mohammad Abdullah,
Md. Nazmul Islam
Issue:
Volume 2, Issue 1, February 2017
Pages:
31-37
Received:
31 October 2016
Accepted:
23 November 2016
Published:
3 January 2017
DOI:
10.11648/j.jbed.20170201.14
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Abstract: Capital Structure is one of the most important and talked about issues in the field of finance. The fundamental components of capital structure are debt and equity of a company. Though different researchers provide different comment on the theory of capital structure, majority of theories and findings seem to contradict with each other in terms of developed and developing economy. Practitioners as well as researchers all over the world have identified that capital structure has impact on the firm performance and debt maturity. Research in capital structure is not adequate and require intense empirical work in Bangladesh. With that idea, objective of this study is to investigate the significance of determining factors of capital structure on debt maturity of the textile industry of Bangladesh. This article provided an analysis of various determining factors of capital structure and their significance on debt maturity. For this purpose, data of 19 DSE stock listed company for the time period of (2010 – 2015) 6 years were collected. Pooled data methodology has been used to find out the regression based on data collection. Findings of this data showed that age has significant relationship in case of all ratios considered under debt maturity. Growth opportunity was found as insignificant on the debt maturity. Profitability was found to have a significant relationship with total debt ratio (RTD) on the other hand converse relationship with Short term debt (RSD) and Long term debt ratio (RLD).
Abstract: Capital Structure is one of the most important and talked about issues in the field of finance. The fundamental components of capital structure are debt and equity of a company. Though different researchers provide different comment on the theory of capital structure, majority of theories and findings seem to contradict with each other in terms of ...
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Brazil Cost: The Competitiveness of the Brazilian Automobilistic Industry
Leonardo Betemps Kontz,
Bruna Ferreira
Issue:
Volume 2, Issue 1, February 2017
Pages:
38-43
Received:
25 October 2016
Accepted:
12 November 2016
Published:
5 January 2017
DOI:
10.11648/j.jbed.20170201.15
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Abstract: The purpose of this paper is demonstrate the aspects related to the competitiveness and innovation of the Brazilian automobilistic industry, its difficulties and challenges found. It assumes the premise that the “Brazil Cost” has been one of the great responsible for defaulting the development of this area, interrupting in the capacity of innovation and entrepreneurship of thebrazilian companies, based for many years, in the Protectionism of the state in which one most of these companies have lived during this period, stimulating the well-off behavior regarding the less efficiency and effectiveness, not investing in new products and services, only improving alternatives imports from already existent models. Lastly, the brazilian model of work opts for the reproduction on a system highly tied in hierarchy and with autonomy very restrict for the employees, choosing for the flexibilization by organizational changing, once the technological improves are incorporated.
Abstract: The purpose of this paper is demonstrate the aspects related to the competitiveness and innovation of the Brazilian automobilistic industry, its difficulties and challenges found. It assumes the premise that the “Brazil Cost” has been one of the great responsible for defaulting the development of this area, interrupting in the capacity of innovatio...
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Financial Analysis of the Real Estate Industry in India
Issue:
Volume 2, Issue 1, February 2017
Pages:
44-56
Received:
25 October 2016
Accepted:
22 November 2016
Published:
13 January 2017
DOI:
10.11648/j.jbed.20170201.16
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Abstract: The purpose of the study was to examine: (i) the relationship between real estate sector investment and GDP; and (ii) analyze the financial parameters of Indian real estate industry. Simple linear regression analysis was used to test the relationship between real estate sector investment and GDP. The results indicate a positive relationship between both the variables. Financial analysis was carried out by taking financial aggregates, financial ratios, ratios pertaining to margins on income, returns on investments and efficiency ratios of the real estate industry in India. The financial analysis of Indian real estate industry reveals that: (i) the real estate industry is yet to recover from recession; (ii) the profit generated during an accounting period against the total income generated was continuously declining during the recent years; (iii) operating profit is decreasing; (iv) returns on funds provided by its equity shareholders have declined considerably; (v) profitability as a ratio of capital employed is currently having a downward trend; there is a drastic slump in returns generated on the total funds deployed by it in the business; (vi) there is a drastic fall in returns that the Indian real estate industry generates on the fixed assets created by it; (vii) asset utilisation points out a trend of increase in expenditure; and (viii) able to give only a bare minimum amount of returns.
Abstract: The purpose of the study was to examine: (i) the relationship between real estate sector investment and GDP; and (ii) analyze the financial parameters of Indian real estate industry. Simple linear regression analysis was used to test the relationship between real estate sector investment and GDP. The results indicate a positive relationship between...
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The Relationship Between Organizational Learning and Employee Engagement, in the Perspective of Young Employees from Commercial Banks in Malaysia
Ibiwani Alisa Hussain,
Noormala Amir Ishak
Issue:
Volume 2, Issue 1, February 2017
Pages:
57-62
Received:
1 November 2016
Accepted:
16 December 2016
Published:
16 January 2017
DOI:
10.11648/j.jbed.20170201.17
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Abstract: The purpose of the study is to investigate the relationship between organizational learning with employee engagement. Primary data were gathered through self-administered survey questionnaires. 100 respondents participated in the study and all of the respondents came from commercial bank in Malaysia. Method used to distribute the survey questionnaires was through “drop off and pick up” method due to the minimum interaction by the investigator with the respondents. Data were analyzed using SPSS and findings indicated that employees valued development opportunity provided by organisations for example development through training, mentoring and coaching. Respondents are employee between the age of 23 to 30 years old and these mode of learning appear to be the most effective to them.
Abstract: The purpose of the study is to investigate the relationship between organizational learning with employee engagement. Primary data were gathered through self-administered survey questionnaires. 100 respondents participated in the study and all of the respondents came from commercial bank in Malaysia. Method used to distribute the survey questionnai...
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An Appraisal of Financial Management Practices on the Growth of Micro Enterprise in Kenya
David M. Kahando,
Tirus Muya Maina,
Charity Mweru Maina
Issue:
Volume 2, Issue 1, February 2017
Pages:
63-70
Received:
18 November 2016
Accepted:
14 December 2016
Published:
16 January 2017
DOI:
10.11648/j.jbed.20170201.18
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Abstract: Governments in different parts of the world are increasingly promoting and supporting the growth of Micro and Small enterprises as part of their overall national development strategy. The sector plays an important role in economic development and act as vehicle for low-income people to escape poverty through market-driven, productive activities for growth of the economy. Consequently because of their role and significance to the economic development they have become a major research area in developing countries. Studies have been conducted highlighting the constraints which affect the growth of micro-enterprises with a view to bring to the solutions but with no in-depth. Most the enterprises growth still stagnate and eventually fail. Their failure rates are always attributed to lack of management skills by most owner managers. As a result, there is need to carry out studies on the management practices of micro enterprises in regard to financial practices. The objective of this study was to appraise the financial management practices on growth of Jua Kali enterprises in Kenya. The study adopted the descriptive research design to assess the growth in regards to financial practices. The target population was 150 owner managers of micro enterprises registered under Jua Kali enterprises. Considering the population was not a homogeneous, stratified random sampling technique was used as the most appropriate to determine the study sample of 50 respondents. The primary data was collected through structured questionnaires. The data was analysed using both descriptive and inferential statistics with the help of the Statistical Package for Social Sciences. Linear regression analysis was employed to determine the degree of relationship between the financial management practices and growth. The result showed that financial management practices had a strong positive relationship on the growth of Jua Kali enterprises with a Pearson correlations coefficient of 0.629 at 95 percent significance level (p=0.001). The study concluded that financial management practices have an influence on the growth of micro enterprise hence the need for owner managers to embrace appropriate management practices to grow their businesses that help spur economic development and create more employment, in line with Kenya’s vision 2030.
Abstract: Governments in different parts of the world are increasingly promoting and supporting the growth of Micro and Small enterprises as part of their overall national development strategy. The sector plays an important role in economic development and act as vehicle for low-income people to escape poverty through market-driven, productive activities for...
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