Journal of Emerging Trends in Economics and Management Sciences - latest Issue
Volume 7, Issue 2, 2016
Author Vimi JhamSource: Journal of Emerging Trends in Economics and Management Sciences 7, pp 75 –87 (2016)More Less
Banks all over the world have succeeded in promoting new services to its customers. Current customers are tempted to do business online. Traditional branch-based retail banking remains the most widespread method for conducting banking transactions in United Arab Emirates (UAE) as well as any other country. However, Internet technology is rapidly changing the way personal financial services are being designed and delivered. Current customer account relationships are found to be predictive of electronic services use in general. This paper focuses on the use of internet banking and satisfaction by existing banks customers through an investigation of the factors that influence customer's acceptance of Internet banking services. An exploratory study of the customers in six banks is conducted to identify the factors which enhance satisfaction with internet banking services with the help of data reduction technique called Factor Analysis. Further the mediating role of trust in affecting customer satisfaction with internet banking is explored through regression analysis.
Source: Journal of Emerging Trends in Economics and Management Sciences 7, pp 88 –69 (2016)More Less
The study seeks to discover the factors that enhance university educational goals achievement in Rivers State, Nigeria and how the staff evaluate them. The significance is to equip educational policy formulators, university administrators and workers to be effective and efficient in their functional performances. Validated, reliability tested and constructed questionnaire was used to elicit information from a stratified-random sample of all the university staff. The study discovered twenty factors and a very positive significant relationship between the teaching and non teaching staff evaluations. It concludes that human capital regeneration is a sine qua non for university educational goals achievement hence recommends knowledge and application of the factors by the appropriate stakeholders in the conduct of university education affairs always.
Source: Journal of Emerging Trends in Economics and Management Sciences 7, pp 94 –100 (2016)More Less
Evidence from literature has shown that the benefits of Foreign Direct Investment (FDI) as a vehicle of technology transfer, provision of superior skills and management technique and enhancement of local firm access to international markets vary greatly across sector. Understanding the linkage between the flow of FDI to agricultural sector and the level of productivity in the sector is necessary to identify policy measures that may be geared towards maximizing the flows and gains of FDI to agricultural sector. Using descriptive analysis and simple linear regression, this paper therefore examined the level of foreign direct investment on agricultural sector and the consequential effect on the contribution of the sector to the country's Gross Domestic Product (GDP). The result obtained shows that the inflow of FDI to agricultural sector does not follow a regular pattern and the sector's contribution to GDP is in direct relationship with the inflow of FDI. The study, based on these findings recommends that government should put in place the necessary infrastructure and find a permanent solution to the problem of insecurity as this will enhance the flow of FDI into the economy as a whole and agricultural sector in particular.
Source: Journal of Emerging Trends in Economics and Management Sciences 7, pp 101 –109 (2016)More Less
The construction industry world over faces challenges and problems of all kind and that there is a perception that the industry is lagging behind in terms of technological advancement, development of operational processes and keeping up to date with prevailing business trends. In the Nigerian construction industry, small sized contractors have become a player perceived as the key to Nigeria's economic growth, poverty alleviation and employment generation. Recent studies showed that some of these small contractors encounter problems which make them go out of business. This study aims at comparing the problems facing small building contractors in Nigeria and South Africa and also evaluates the ways of reducing the challenges faced by small building contractors. A structured questionnaire was used as the research instrument for collecting data from respondents. The target respondents were construction professionals and top personnel working in small contracting firms in Lagos. Convenience sampling method was used to draw up sample from the population. Out of the 121 copies of research questionnaire distributed, 48 were completed and returned representing a 40% response rate. The returned copies were scrutinized for errors, omissions, completeness and inconsistencies. Forty four questionnaires were found to be adequately completed. Frequency, percentage and mean score were used in analysing data collected for the study. The study showed that small sized contractors in Nigeria are common sight in the Nigerian construction industry and are regarded as relatively underdeveloped, especially when compared to their foreign counterpart. The major problem of small building contractors is the lack of access to finance and the high interest rate. The study recommends that the government should play a key role by addressing the issue of access to finance with reduced interest rate and ridiculous collateral requirement so they can compete with their foreign counterparts. Small building contractors are expected take into considerations the significant problems highlighted in the study in order to be guided to making decisions that will rob on positively to the long term objectives of small building firms.
Source: Journal of Emerging Trends in Economics and Management Sciences 7, pp 110 –121 (2016)More Less
Fiscal federalism in Nigeria has not produced the desired impact since its inception in 1946. Despite continuous increase in revenue generation and allocations, the expected impact on economic growth and national development has not been encouraging. This study examines the impact of resource allocation and fiscal balance on economic growth and national development. The multiple regression model was used and various tests were conducted. The analysis shows a negative relationship between Nigeria national development and capital expenditure, and fiscal balance. Only recurrent expenditure has a positive relationship with development. The coefficients of TCE and TFB show a negative impact on economic growth which implies an indirect relationship between GDP and total capital expenditure, and fiscal balance. The Nigerian economy has not been able to save and gainfully invest a correct proportion of her GDP. The fiscal framework in Nigeria has not made significant contribution to economic and national development. The fiscal framework is therefore weak to grow the economy and move the country in the desired direction. We recommend a fiscal framework and system that focuses on fiscal decentralization, such that capital investment in the states and local governments of the federation would be enhanced. The relationship between recurrent expenditure and national development is a potential aspect for further research. However, the recurrent expenditure framework should be reviewed downwards so as to release more funds for capital expenditure to encourage investment in both the private and public sectors of the economy. This study is of immense significance to students, scholars and researchers in Public Policy. Government officials and consultants in fiscal policy would also find the study to be a useful guide.
Source: Journal of Emerging Trends in Economics and Management Sciences 7, pp 122 –129 (2016)More Less
Chinese manufacturing industry's ability to be both effective (creating value products) and efficient (producing at the lowest cost) depends not only on the management of input factors but also enhancement of processing systems to maximize output. China's labor mismatch and its implication on manufacturing Total Factor Productivity are examined as a means to merit the need for systematic change within manufacturing firms. Systematic change will affect the entire industry performance, particularly vulnerable areas. The significance of understanding that mismatches can be created from not only the employee but employer signals a need for new manufacturing management approaches tailored to post China's Big Industrial Push era. Given the rate of technological advancement of parts of the Chinese manufacturing industry while other segments remain labor intensive producing low value; the contribution of this research identifies a productive gap of underutilize resources necessary to take China into a new competitive stage of development. If left unabated the polarization of the industry will result in suboptimal outcomes on labor, innovation and competition.
Source: Journal of Emerging Trends in Economics and Management Sciences 7, pp 130 –136 (2016)More Less
The challenge facing planners today is how to create sustainable cities as the number of people living in cities continue to grow at approximately twice the rate of that in the rural areas. It is projected that the global city population will increase to 5.34 billion by the year 2025, thus exerting greater pressure on the natural environment than ever before. Kenya is rapidly urbanizing at the rate of 4% per annum and is projected to be a predominantly urban country by 2033.Currently; about 30 percent of the population live in urban areas. Every year more than 250,000 Kenyans are moving to cities and former rural areas are becoming increasingly urban (World Bank, 2014).Rapid Urbanization has brought into fore the growing phenomenon of slums. It is estimated that 862.5 million (24%) urban dwellers live in slums. One out of two people in the world live in urban areas, while one out of four people in the urban areas live in slums (IHS, 2013). Every city in Kenya has a slum with Kibera slum in Nairobi being one of the largest. Despite existence of numerous international and local policy instruments including the Millennium Development Goal 7 Target 11, Cities without slums programmes, Urban Areas and Cities Act 2011; Physical Planning Act Chapter 286; and Constitutional and land reforms, mushrooming up of slums continues unabated. This paper identifies causes of informality and recommends both curative and preventative strategies for dealing with slums including; land readjustment, expropriation, inclusionary zoning, Community land trusts, land sharing, land and utilities and street led upgrading.
Author Ghazi Abdul Majeed AlrgaibatSource: Journal of Emerging Trends in Economics and Management Sciences 7, pp 137 –143 (2016)More Less
Study primarily designed to test whether the capital asset pricing model met the scientific application of shares for the companies that listed in Amman Stock Exchange in order to achieve this goal. It was collected financial data on study variables that represented monthly for sample companies and prices monthly closing index likely market value of free shares which have free return of risk (Treasury Bills), where the researcher calculates beta for stocks sample companies, both separately then test the capital asset pricing model through a simple linear regression by using statistical analysis program (SPSS). Where the study found a number of results that were the most important: beta coefficient, which is a statistical measure of systemic risk could not interpret without 8.2% of the stock dividend for public shareholding companies that listed in Amman Stock Exchange in other words, stock returns have not been fully interpreted by a beta factor, and it also can say that there are other influential factors on stock returns, that the model could not be interpreted, the final result reached by the researcher that this model is not fit to predict accurately returns traded in Amman Stock Exchange for shares, since it is not available, we have evidence that this form applies to companies that listed in the Amman Stock Exchange companies. Find recommended the following: the requirement to study other influential factors, such as earnings per share index and earnings per share index. Expand the length of time to research not less than ten years and to include a greater number of data, noted the necessity of complying with the central bank transparency and disclosure of versions of the monthly Treasury exporting permissions.
Source: Journal of Emerging Trends in Economics and Management Sciences 7, pp 144 –150 (2016)More Less
This study examines the implications of cashless banking, with a view to exposing the possible challenges and prospects it poses to the Nigerian economy whilst employing aggregated approach. Biases the effects of cashless policy, savings and bank credit on economic growth in Nigeria deregulated economy using deposit money banks as a case study. This study is significant to Nigeria, where carrying raw cash is norm, money laundering and illiteracy is on high. It specifically sought to find out how cashless policy can mobilize and increase total domestic saving by increasing bank credit of deposit money banks injected into the Nigerian economy, and their impact on the country's economic growth as proxies by Gross Domestic Product. Data were collected from secondary sources. The ordinary least square econometric technique was used to analyze the data. The a priori expectation is that bank credit to domestic economy should have a significant positive impact on the growth of GDP. Our findings revealed that the marginal productivity coefficient of bank credit to the domestic economy is positive but insignificant. The implication is that banks credit did not affect the productive sectors sufficiently for the latter to impact significantly on the Nigerian economy. In view of this, the paper recommended that banks should be willing to give both short and long-term loans for productive purposes as there would be more available funds with introduction of cashless policy, as this will eventually lead to economic growth. Also the regulatory body (CBN) should adopt a direct credit control that will be beneficial to the productive sector of the economy.