International Journal of Commerce and Finance (IJCF - İstanbul Commerce University)
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Factoring as an Effective Working Capital Option: A Critical Review
Get PDFPurpose – The purpose of this paper was to critically review the concept of factoring, with the view to ascertain its effectiveness in ensuring that organizations have access to enough liquid funds that facilitate the smooth running of their operations. Methodology – The Systematic Quantitative Assessment Technique (SQAT) was used to identify and review relevant peer-reviewed journal articles that had investigated factoring as a source of working capital.Findings – Based on a critical review of extant factoring scholarship, it was deduced that factoring has been effective enough to elicit a growing rate of adoption across the continents, despite the costs of adoption, as well as the 2009-2014 global financial crisis, excluding only North America where there seems to be a constant decline in adoption rate.Research limitations – The use of limited but high quality academic databases means that some articles were not considered for this review.Originality/value –The study is one of few studies to discuss the effectiveness of factoring as a source of working capital.
Contracts in Procurement Management: An Investıgatıon on the Baby Maternity Industry
Get PDFRealization of procurement activities in a rational and highly efficient way is extremely important for enterprises. The enterprises that are able to realize an advantageous procurement transaction compared to other enterprises in the purchasing process will gain an opportunity to get ahead in hard competition conditions. Thus, it will be possible for these enterprises to grow and increase their market share. In addition, the required products to be at the right time and in the right place is very important for the continuation of the operations of the enterprise.Enterprises sign a contract to make a solid agreement with the individuals and organizations they are dealing with, to reduce uncertainties for the future and to perform a rational procurement transaction. Contracts are a legal practice which brings rights and obligations for both parties from the moment they are signed validly. For this reason, contracts in commercial life have found a significant application areas. In this study, the importance of procurement function and its importance for the enterprises is examined first and then the subjects that enterprises should consider in terms of contract management are mentioned. In the last chapter, three contracts were included in the study in order to understand the practice of the subject. Thus, a better understanding of the importance of contract management for enterprises has been achieved
Effect of Non- Financial Compensation on the Employees’ Job Performance: A Case of Jimma Geneti Woreda Health Centers in Horro Guduru , Ethiopia
Get PDFThe main purpose of this study was to assess the effect of non-financial compensation on the of employees’ job performance. The cross-sectional, descriptive and inferential design with field study were used in the study. Accordingly, 136 samples of respondents’ from 206 populations were taken. The study used mainly primary data and secondary data. Survey data collected from respondents were analyzed by descriptive statistics such as frequency, percentage, and inferential statistics such correlation and multiple linear regressions analysis. The findings of the study indicated that there was a significant relationship between non-financial compensation and employee job performance in particular. But also, non-financial compensation; recognition positively and significantly affects employees’ job performance with is highly correlated with (r=0.605, p=0.000), and followed by work condition (r=0.590, p=0.000) and empowerment (r=0.554, p=0.000). Finally, it is recommended that health centers needs to continually review and adjust the compensation system from time to time focusing more on non- financial compensation in order to influence employees to perform better. This may help to motivate the employees to perform well and will decrease the rate of turnover and absenteeism with in health centers
Sectorial Transition Dilemma of Smallholder Grain Farmers To Light Manufacturing Industry in Jimma Zone, Oromia Regional State, Ethiopia
Get PDFThis research was designed to assess willingness, ability, motive, preference and determinants of smallholder major grain farmer’s transition dilemma to light manufacturing industry in Jimma Zone, Oromia Region, Ethiopia. The participants of the study were selected using two stage non probabilistic, purposive sampling. Then, we prepared sample frame from each Kebeles fall in our selection pool. Finally, 399 household heads (farmers) were selected for this study, using stratified sampling. Then, primary data collected via structured questionnaire was analyzed descriptively and in binary logistic regression. Accordingly, majority of smallholder major grain farmers need to stay on their current crop farming. Increasing these products productivity and price is one possible means of intervention to improve the areas smallholder farmer’s livelihood. The descriptive statistics depicts that, small holder farmers’ transitional dilemma to light manufacturing sector and the fate of industrialization plan in Jimma zone is at its infant stage and those small holder farmers have almost no any awareness, no know how about technologies, not trained and they have no entrepreneurial skill. The result revels that the major determinants of smallholder grain farmers sectorial transition plan in the study area was significantly affected by age, sex, marital status, skilled labour access, access to credit, price product expectation, place,Awareness, Education level, Entrepreneur skill, Training, Transport and Energy.Hence, effort should be geared in manner that build farmers capacity through adult literacy program, formal education and with short term training. This research was designed to assess willingness, ability, motive, preference and determinants of smallholder major grain farmer’s transition dilemma to light manufacturing industry in Jimma Zone, Oromia Region, Ethiopia. The participants of the study were selected using two stage non probabilistic, purposive sampling. Then, we prepared sample frame from each Kebeles fall in our selection pool. Finally, 399 household heads (farmers) were selected for this study, using stratified sampling. Then, primary data collected via structured questionnaire was analyzed descriptively and in binary logistic regression. Accordingly, majority of smallholder major grain farmers need to stay on their current crop farming. Increasing these products productivity and price is one possible means of intervention to improve the areas smallholder farmer’s livelihood. The descriptive statistics depicts that, small holder farmers’ transitional dilemma to light manufacturing sector and the fate of industrialization plan in Jimma zone is at its infant stage and those small holder farmers have almost no any awareness, no know how about technologies, not trained and they have no entrepreneurial skill. The result revels that the major determinants of smallholder grain farmers sectorial transition plan in the study area was significantly affected by age, sex, marital status, skilled labour access, access to credit, price product expectation, place,Awareness, Education level, Entrepreneur skill, Training, Transport and Energy.Hence, effort should be geared in manner that build farmers capacity through adult literacy program, formal education and with short term training.
A Systematic Review of Cryptocurrency Scholarship
Get PDFAbstractPurpose – The purpose of this paper was to conduct a systemic review of extant cryptocurrency research in order to identify important features of these studies and to provide directions for future cryptocurrency research. Methodology - The Systematic Quantitative Assessment Technique (SQAT) was used to identify and review relevant peer-reviewed journal articles that investigated various facets of cryptocurrency.Findings – 54 journal articles were identified from 12 high-quality databases. The findings of the review revealed that most of the studies took place in Europe, North America and Asia, while Africa has been largely ignored. The main focus of cryptocurrency articles has been on a call for regulation of cryptocurrency without much work done on how to mitigate its vulnerability to the financing of terrorism and as a tool for money laundering. Finally, most cryptocurrency articles adopted a single research method – survey. There is a need for future studies to combine a variety of methods so as to gain additional insight into the issues of cryptocurrency’s vulnerability, risk identification and mitigation, regulation and acceptability.Research limitations - The use of limited but high quality academic databases means that some articles were not considered for this review.Originality/value – This study is one of the few studies to conduct a systematic review on a phenomenon which has the potential to transform the global financial landscape. Keywords – Cryptocurrency, Systematic review, Regulation.JEL Classification – G23, G38
Future of the Crypto Currencies
Get PDFThe main purpose of this study is to contribute to the literature by performing an original study. The main subject of the study is to investigate the future position of cryptocurrencies included in the sample. In this study, we tried to predict the future expected the popularity of 6 cryptocurrencies. For this purpose, we collect internet search data of each cryptocurrency included in the sample. Popularity variable is determined by the frequency of searched numbers of crypto coins on the internet. We created graphs in the form of scatter plots by using MS Excel 2016. In order to determine the ideal curve that provides the highest specificity coefficients (R2) of related to equations was preferred. According to the results of the analysis, it was determined that RIPPLE-XRP may be taken out of the circulation in the market by November 2020
Implementation of Good University Governance and Intellectual Capital in University Context
Get PDFThis study aims to determine the implementation of Good University Governance (GUG) and Intellectual Capital (IC) at the University with the unit of analysis at Mercu Buana University. The data used are primary data using questionnaires. The population in this study is all structural officials in the University environment. Using stratified random sampling in which only the structural officials who became the study sample, from all questionnaires distributed, only 60 were able to be processed. This research uses a descriptive qualitative approach. The data analysis method used is Partial Least Square. Results outer test research models meet the criteria of validity and reliability, while from the inner test models indicate that the implementation of Good University Governance at the University of Mercu Buana related to Intellectual Capital. GUG as the main factor IC appeal. IC implemented, will improve the ability of an institution, but there are some areas that need improvement
Financial Inclusion and its Determinants among Households in Jimma Zone of Oromia Regional State, Ethiopia.
Get PDFIn majority of the developing countries, access to finance is demanded more for the middle and low income community and considered as a public good, which is as important and basic as access to safe water, primary education, etc. The researcher used hybrid of qualitative and quantitative approach. Exploratory research design was used in exploring and developing financial literacy frame work to study in the Ethiopian context as there is no financial literacy framework developed previously. Descriptive research design was used in describing the existing level of financial literacy, financial inclusion, saving behavior, the relationships between financial literacy and saving habit, the demographic and socio-economic characteristics of the study area. For the purpose of the study, the sample size taken for the study was 173 households. A descriptive statistics and inferential statistics were used to attain the objective of the research. The probit regression model produced similar results as those obtained using the logit model showed that age, education, financial literacy, and income are positively related to financial inclusion and distance to the nearest provider of financial services negatively impact financial inclusion. It is possible to reduce determinates of financial inclusion with regulating well the financial system, creating healthy competition and building better enabling environment. Identifying and segregating the root causes and addressing it properly appear to be removing the distance, services charge and credit barriers. On the other hand, market for financial services failures and behavioral problems related to customer tend to be addressed through designing of appropriate financial products. Removing those challenges and expanding financial inclusion tend to be possible with the promise of latest technologies
A Conceptual Framework for the Evolution of C2C Social Commerce Business Models in Tunisia
Get PDFFacebook is the preferred social networking service (SNS) platform among Tunisian users for social commerce (SC) and consumer-to-consumer (C2C) commercial activities. This article aims to increase the understanding of the influencing factors of C2C SC activities and provide a new interpretation of the evolution of C2C SC models in Tunisia's fastest growing trend. In order to fulfill this goal, we performed a literature review to update existing multi-facet framework that combines four important dimensions with new fundamental components: incentive systems, information and communication technologies (ICT), participative web, and e-business rules and regulations. This study has shown that these influencing factors are the key ingredients driving the evolution of C2C SC business models in Tunisia and the consideration of the four dimensions founded in our study will aid ECOM professionals to enable the widespread occurrence of C2C SC activities and can drive the success of these business models in Tunisia
Corporate Governance, Share Ownership Structure and Tax Avoidance
Get PDFThis study aims to examine the effect of Corporate Governance and Share Ownership Structure on Tax Avoidance. The share ownership structure uses controlling shareholders who have the largest shareholding in the company with ownership of between 20-50%. This study used manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2015-2017, with 99 observation data and the analytical used multiple linear regression. The results of the study show that both corporate governance and the share ownership structure proxied using controlling shareholders have an effect on tax avoidanc