International Journal of Commerce and Finance (IJCF - İstanbul Commerce University)
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Factors Affecting Employees Work Ethical in Organizations: The Case of Addis Ababa City Road Authority
Get PDFThe main objective of the study was to assess factors affecting employee’s work ethics. To achieve objective of the study, 346 respondents were selected by simple random sampling method, and data were gathered through questionnaire. The major findings of the study show that leadership, organization structure, control, recruitment selection and training were factors affecting employee work ethics. Also the study found there was a statistically significant and positive relationship between the leadership, organization structure and control and recruitment selection and training and employee work ethics. Therefore, the study recommends organization administrator be supposed to involve employees in key decision making and create a relationship where employees can be open and free, management should support the employees and work together with employees in ensuring the procedures, code of conduct and processes are well understood and followed. Lastly recruitment should be done in a fair way and that the human resources department should ensure that proper vetting is done in order to hire staff with good ethical morals right from the beginnin
Significance of Human Capital on the Economic Growth of the Gambia
Get PDFSince time immemorial, economic growth has been a chief concern for macroeconomic policymakers in every country. The significance of human capital in achieving these concerns is making waves in the space of contemporary development economics. Much theoretical and empirical evidence has shown that human capital accumulation (education and health) and their collective capabilities are a vital variable for economic development. This paper investigates the existing literature on the importance of human capital on the economic growth of the Gambia from 1990- 2019. Using annual time series economic data, we applied the econometric techniques of the ADF test to prove stationarity, rejection, and acceptance of the hypothesis of Granger causality and rejection of the null hypothesis of Johansen’s cointegration test. The Vector Error Correction Model (VECM) model was conducted, and the findings indicated a positive relationship between education and GDP in the long-run and a bidirectional relationship in the short-run. Thus, we recommended the policymakers to create strategic and prudent policies that would promote accessible and quality education with modern technologies to improve the economic growth of The Gambia. We concluded on the premise that investment in people translates to a country's economic growth.
Stock Market Liquidity and Firm Performance in the Nigerian Stock Exchange
Get PDFThe paper extends the investigation on the relationship between liquidity and stock returns by examining the influence of market liquidity on stock returns in the Nigerian Stock exchange. Vector auto-regression model was employed in examining the impact of liquidity measures such as the volume of trading and turnover on stock returns for the period 1985-2015. Empirical results suggest that the higher the market liquidity (volume of trading and turnover), the higher the stock index returns. Thus, establishing a positive relationship between liquidity and stock returns of firms listed on the Nigerian stock market during the period examined after controlling for market size. This result is not in line with the negative relationship between liquidity and market return as obtained by studies on developed markets
Corporate Bonds and Stock Prices: A Coherency Analysis in Europe
Get PDFThis paper aims to find a coherent relationship between stock prices and bond yields on the day of issue. We show that stock prices seem to have a weak positive relationship with yields as investors seem to consider the underlying health of a firm before investing their money in either security. This contrasts with earlier research and falls in line with later research. The findings show that one percentage increase in share price on date of issue has the potential to raise yields by 0.20% given the near-zero interest environment of the euro
Phenomenological Study of Exploring Integrity Culture during Covid-19 in Ethiopia
Get PDFIntegrity is a common issue regardless of level of economy and conditions. The aim of this study was to explore what integrity looks like in Ethiopia during COVID-19. The study philosophical stances will be objectivist ontology and critical realist epistemology. To achieve the objective of the study, the qualitative phenomenological method will be applied to illustrate the issue. The necessary data was collected from purposively selected stakeholders by using semi-structured interview and observation as well document analysis for the secondary data. The study revealed there is a problem of awareness about the pandemic specifically in rural areas of the country, there is also a problem on existing media making the pandemic their prior issues, the business ethics are highly violated and leaders of political parties prioritizing issues of election rather than pandemic. Commonly prioritization of the current worldwide pandemics is what expected from different stakeholders in the country
Unemployment and the Macroeconomics of Ethiopia
Get PDFUnemployment has long been there for (especially) developing economies being the major development challenge. The cost of unemployment transmits in a couple of channels; of which the opportunity costs arising from lost production and the resultant social disorders are of immediate ledges. While appreciating them all, the government of Ethiopia (GoE) conveyed various schemes towards reducing unemployment to (at least the recommended) minimum rate. Despite developments in various efforts to that end, unemployment remained pronounceable policy challenge in Ethiopia. It, therefore, calls for enhanced intervention towards supporting the process of controlling unemployment in the country. The present study is principally aimed to identify those macroeconomic policy variables that are important in explaining the dynamics of unemployment in Ethiopia. We employed the annual time series data set for the period serially running from 1984 to 2018. The individual variables were all subjected to the augmented Dickey Fuller unit root tests and the mixed order of integration has been confirmed. As a result, the auto-regressive Distributed Lag model approach was employed for cointegration issues; and various possible cointegrating roots among the variables entered the unemployment model were suggested too. Our regression results reveal that, the population growth rate, economic growth rate, inflation rate, foreign direct investment, and the external debt variables are all important predictors of unemployment both in long and the short run periods. A positive impulse moves from inflation to (cyclical) unemployment in Ethiopia, whereby contrasting the Phillips hypothesis. Economic and social development policies need not be treated in isolation. Any successful monetary policy action in targeting the threshold inflation rate is supposed to be a crucial approach. Besides, enhancing productive and more labor-oriented investments serve the best long run solution to that end, too
Factors Affecting Effectiveness of Centralized Public Procurement System: Evidence from Selected Ethiopian Higher Public Education Institutions
Get PDFThis study focuses on factors affecting centralized procurement system effectiveness in higher Ethiopian public educational Institutions. To achieve this objective the researchers employed the explanatory research design with a primary data sources from 82 employees through questionnaires and interview in purposively selected of public educational Institutions and Public property procurement team leaders of PPPDSA at federal level. The Pearson correlation analysis outcome showed that all explanatory variables were positively influencing the effectiveness of centralized procurement system but at different degree of correlation. The multiple linear regression analysis result of the study also revealed that public policy, control activities and staffs’ educational competency of sampled public education institutions strongly and positively affected centralized procurement system effectiveness at 4.2 percent, 0.01 percent and 0.01 percent respectively. Similarly, monitoring and contract management affected the centralized procurement system effectiveness at 0.00.01 and 5.2 percent respectively. Therefore, to avoid the return of defect goods, malpractices, high compliance and untimely response of procurement orders, the PPPDS and sampled Ethiopian higher public educational Institutions should design very clear procurement planning criteria that fits the national procurement guideline, strong internal control system with good evaluation system. Moreover, it also advisable if the sampled Ethiopian higher public educational institutions train their staffs that partake in procurement processes and apply a computerized procurement system to support their procurement policies and further improve their overall centralized procurement system effectiveness.
Rural Infrastructure and its Implication to Labor Market Participation in Jimma Zone, South-West Ethiopia
Get PDFRural economy remainthe back bone of Ethiopian economy absorbing tremendous labour share while how these labour market behave in rural economy of Ethiopia is yet uncovered. Besides the appreciated role of rural access to basic infrastructure with reference to rural labor supply decision, the topic is not bold in domestic literature. Considering this inadequate attention to the topic, we tried to examine the impact of rural infrastructure provision on individual labour supply, and assess the implication with each component of rural services to household participation decision in the labor market, using household survey from Jimma zone. Our multinomial logit regression indicated that rural services like education, health, credit, market information and access to all-weather-road are important considerations with regard to individual labor supply decision in farm and off-farm activities. It would be better to enhance rural access to efficient agricultural extension as well as other basic services towards empowering rural livelihood, and ensuring economic transformation at large
Effect of Financial Incentive Scheme Practice on Employees’ Motivation in Case of Commercial Bank of Ethiopia
Get PDFAbstractThe purpose of this study was to investigate the effect of financial incentive scheme practice on employees’ motivation in the case of CBE Jimma district. The study was descriptive as well as explanatory which used primary source of data. Non-probability and probability sampling method were applied (cluster & purposive). Accordingly, the major findings are, the overall perception of respondents about current financial incentive practice was shown as they are dissatisfied with salary and they are neither satisfied nor dissatisfied with fringe benefits pay. The result of regression analysis shows that; financial incentive variables (salary and fringe benefits pay) were not significant predictors of employees’ motivation. Also of that, a significant portion of employees was at good motivation level to perform their job. Also, it is advisable to the bank to reviews its salary scale & fringe benefits pay practice even so it had not significantly affect employee motivation it may be a cause for employees’ dissatisfaction
The Effect Of Implementing E-Filing Systems On Personal Tax Compliance With Internet Knowledge As Moderated Variables (Case Study on Personal Taxpayers at KPP Pratama Jakarta Kramatjati)
Get PDFThe objectives of this study are as follows: 1) Finding empirical evidence regarding the perception of the application of the e-Filing system to taxpayer compliance, and 2) Finding empirical evidence regarding the extent of knowledge the internet can moderate the relationship between the implementation of e-Filing systems and the level of taxpayer compliance.The type of research used in this study is causal research. The population in this study was all individual taxpayers registered at KPP Pratama Jakarta Kramatjati. Selection of samples of the convenience sampling method. The analytical method used to test the hypothesis is the Moderated Regression Analysis (MRA).The results of the study show, 1) The application of e-filing systems has a positive and significant effect on taxpayer compliance; 2) Knowledge the Internet has been proven to moderate the relationship between the implementation of e-Filing systems and the level of taxpayer compliance