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BASEL–ll Compliance Status of State Owned Commercial Banks in Bangladesh: ‘A Study on Agrani Bank Ltd’
Raad Mozib Lalon,
Bazlul Kabir
Issue:
Volume 5, Issue 2, April 2017
Pages:
81-91
Received:
7 November 2016
Accepted:
19 December 2016
Published:
26 January 2017
Abstract: This paper on the compliance status of Basel-II of a state owned bank will provide a detailed picture of risk management of bank as well as a gross picture of Basel-II implementation status in Bangladesh. This study will also indicate any shortfall of bank in terms of Basel-II compliance and offer suitable recommendations.. In this Paper, I have divulged the calculation of eligible capital, total risk exposure, risk weighted assets and capital adequacy ratio for Agrani Bank Limited. Following the standardized approach to calculate risk weighted assets. I have also shown the impact of Basel II adoption and problems regarding its implementation in banking industry of Bangladesh.
Abstract: This paper on the compliance status of Basel-II of a state owned bank will provide a detailed picture of risk management of bank as well as a gross picture of Basel-II implementation status in Bangladesh. This study will also indicate any shortfall of bank in terms of Basel-II compliance and offer suitable recommendations.. In this Paper, I have di...
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Effect of Listing Age on Corporate Financial Leverage of Oil and Gas Firms in Nigeria
Inyiama Oliver Ikechukwu,
Ubesie Madubuko Cyril
Issue:
Volume 5, Issue 2, April 2017
Pages:
92-97
Received:
17 August 2016
Accepted:
4 January 2017
Published:
26 January 2017
Abstract: Examination of the effect of listing age on corporate financial leverage of oil and gas firms in Nigeria is the main objective of this study. The study also considers, for sake of robustness, the trend of movement of the variables, the relationships among the variables, as well as the causality of a variable by the other. This made the study a meta-analysis of the time series data. Simple regression was applied to estimate the effect of listing age on financial leverage of the selected firms. Correlation and Granger Causality Tests were applied to ascertain the relationships and causalities among the model variables. The outcome of the analysis is that firm’s Listing Age has a significant but negative effect on Financial Leverage, which implies that, as an oil firm advances in age, the firms’ need for external financing will tend to reduce. Causality test reveals that at a lagged period of one year, there is no causality running from financial leverage to firm age and vice versa. This implies that financial leverage is not caused by listing age of the oil and gas firm or otherwise. When the relationship between firm age and financial leverage was tested, the test reveals that financial leverage has an insignificant negative relationship with firm age in Nigeria Oil and Gas firms. The sustainability of theses outcomes over a long period of time was also tested using the Johansen Cointegration Test which indicates cointegrating equations which implies that short run effects and relationships are very sustainable, all things remaining the same. Therefore, firms are encouraged to borrow less as they advance in age. In conclusion, therefore, at maturity stage of the firm, external borrowing should be discouraged in preference to other sources of investible funds.
Abstract: Examination of the effect of listing age on corporate financial leverage of oil and gas firms in Nigeria is the main objective of this study. The study also considers, for sake of robustness, the trend of movement of the variables, the relationships among the variables, as well as the causality of a variable by the other. This made the study a meta...
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Towards Constructing a Dynamic Model of Economics for Investigating Investment and Production in Bangladesh
Issue:
Volume 5, Issue 2, April 2017
Pages:
98-101
Received:
24 November 2016
Accepted:
17 December 2016
Published:
26 January 2017
Abstract: The main objective of this paper is to investigate how the per capita GDP growth rate reaches near about 7%. Bangladesh is treated asa role model of development. This is why it is analyzed in this article the relationship between gross domestic product and investments and proven on the basis of econometric models. Model of GDP determination is built on the basis of Solow model with the help of Cobb-Douglas production function. In order to calculate the effectiveness of attracting more investment into production in Bangladesh a dynamic econometric model constructed using Solow model. This model is estimated by OLS method for Bangladesh. The model shows a production function with decreasing return to scale. Despite this fact per capita GDP growth rate is near about 7%. It isthe constant or efficiency factor which is very high, it is 18.53. This is why the per capita growth rate is near about 7%.This is why Bangladesh reaches a lower middle income country and by 2041 it is likely to be a rich country.
Abstract: The main objective of this paper is to investigate how the per capita GDP growth rate reaches near about 7%. Bangladesh is treated asa role model of development. This is why it is analyzed in this article the relationship between gross domestic product and investments and proven on the basis of econometric models. Model of GDP determination is buil...
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The Controversy on the Implementation of the Contributory Pension Scheme (CPS) in Nigeria: The Accounting Perspective
Issue:
Volume 5, Issue 2, April 2017
Pages:
102-112
Received:
28 November 2016
Accepted:
12 December 2016
Published:
3 February 2017
Abstract: This study examined the cause of the controversy in the implementation of the contributory pension scheme among the Ministries, Departments and Agencies (MDAs) in Nigeria. Descriptive methods of analysis were used to analyse the data. The result showed that misstatement in the disclosure of employees’ contribution is the major cause of the controversy. Also, the result revealed that the personnel cost releases to the MDAs since the inception of the scheme is 92.5% of the gross personnel cost budget of each institution while the balance of 7.5% of the personnel cost budget represents the deduction at “source” for the individual employee which is being credited to the employee’s Retirement Saving Account open with the employee’s choice Pension Fund Administrators through the Central Bank of Nigeria. More also, the findings established that discrepancies in the presentation of the employees’ deduction in the payrolls and individual employees’ payslips largely accounted for the continuous restiveness among the Ministries, Department and Agencies (MDAs) in Nigeria. The resultsshowed that some MDAs disclosed the employees’ deduction as a memorandum entry in the individual employee’s payslips andpayroll, while others disclosed it under the basic salary column as additional deduction by the MDAsfrom the monthly employee’s emolument. The study concluded that only uniform accounting treatment of the employees’ deduction in the personnel accounting records will endthe cold war in the implementation of the Contributory Pension Scheme among the employees in the Nigerian Ministries, Department and Agencies.
Abstract: This study examined the cause of the controversy in the implementation of the contributory pension scheme among the Ministries, Departments and Agencies (MDAs) in Nigeria. Descriptive methods of analysis were used to analyse the data. The result showed that misstatement in the disclosure of employees’ contribution is the major cause of the controve...
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Are Exports Productivity Enhancing? A Panel Analysis of Sub-Sahara Africa
Olumuyiwa Olamade,
Oluwasola Oni
Issue:
Volume 5, Issue 2, April 2017
Pages:
113-120
Received:
5 January 2017
Accepted:
19 January 2017
Published:
1 March 2017
Abstract: This paper examines the long-run relationship between exports and economic growth in Sub-Sahara Africa (SSA) to ascertain, if and how, exports drives economic growth through the productivity channel as opposed to volume contribution of exports to gross domestic product (GDP). We sampled seven SSA countries for the study including six of the most competitive countries in SSA by the Global Competitiveness Report ranking. Applying the panel analysis framework to a data set spanning 1987 to 2014, we found cointegration among non-exports GDP, gross capital formation, human capital, exports and imports. Estimates of the parameters of the cointegrating equation show a significant negative relationship between non-exports GDP and exports, suggesting that exports are productivity reducing in the long-run. However, there is a significant bi-directional causality between exports and economic growth. We conclude that, the dynamic effects of exports on growth through an economy-wide productivity increase are best achieved with the industrial sector as the leading exports sector.
Abstract: This paper examines the long-run relationship between exports and economic growth in Sub-Sahara Africa (SSA) to ascertain, if and how, exports drives economic growth through the productivity channel as opposed to volume contribution of exports to gross domestic product (GDP). We sampled seven SSA countries for the study including six of the most co...
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Relationship Between Working Capital Management Efficiency and Profitability: A Comparative Study on Square Pharmaceuticals Limited and Beximco Pharmaceuticals Limited, in Bangladesh
Rejaul Karim,
Md. Abdullah Al-Mamun,
Md. Tota Miah
Issue:
Volume 5, Issue 2, April 2017
Pages:
121-128
Received:
19 January 2017
Accepted:
10 February 2017
Published:
9 March 2017
Abstract: Pharmaceutical is an important adjunct of industrialization in Bangladesh. This paper examines the effects of working capital management efficiency on the profitability of the two leading pharmaceuticals companies of Bangladesh - Square Pharmaceuticals Limited (SPL) and Beximco Pharmaceuticals Limited (BPL) and to make a comparison of financial efficiency between these two firms. The secondary data for a period of ten years (2006-2015) have been analyzed by using correlation, t-test, and different profitability, liquidity and solvency ratios. The study reveals that there is a significant relationship between working capital management efficiency and profitability of both of the firms. The study also finds Square Pharmaceuticals Limited is more efficient in working capital management than Beximco Pharmaceuticals Limited. The financial performance of Beximco Pharmaceuticals Limited should be improved immediately through the efficient management of working capital to increase its profitability.
Abstract: Pharmaceutical is an important adjunct of industrialization in Bangladesh. This paper examines the effects of working capital management efficiency on the profitability of the two leading pharmaceuticals companies of Bangladesh - Square Pharmaceuticals Limited (SPL) and Beximco Pharmaceuticals Limited (BPL) and to make a comparison of financial eff...
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