International Journal of Commerce and Finance (IJCF - İstanbul Commerce University)
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Does Leadership Affect Enterprise Risk Management? The Case of Tomato Production Value Chains in Ethiopia
Get PDFThe study intends to assess whether leadership style enhances an effective enterprises risk management at tomato production value chain in Ethiopia. The target population of the study include: Dealers, farmers and union organizers. It was stratified random sampling that was deployed to get sample respondents. Accordingly two hundred and seventy- three respondents responded the questionnaire. Qualitative data was collected to triangulate the responses of sample respondents. Finally, the study reveals out that the leadership style affects enterprise risk management significantly. Hence it is advisable for tomato production firms to exercise the leadership style that fits their organizational culture
The Recent Evolution of Ghana's Financial System: The "MOMO" Effect
Get PDFThis study analyses how the widely use of telephone and similar electronic gadgets has reshaped transactions and the payment system in Ghana. The not very long ago introduced mobile money system widely known in the country as MoMo, tends to have astounding effects on the banking sector that has been in existence since time immemorial. This research focuses on the impact the mobile money industry has had on the lives of the average citizen and also on communities where banks are inaccessible in relation to banking and financial inclusion in general. Data from the Bank of Ghana, World Remit, survey on social media platforms and other sources show that the mobile money sub industry of the FinTech industry has made and achieved significant performancesand milestones within the past decade or so. The numbers infer that patrons tend to rely more upon the newly born mobile money system and continue to show reluctance in patronising the orthodox system of banking. We look at the changes in the amount of banking transactions as well as mobile money transactions within specific periods. From statistical data and individual opinions accumulated it is clearly a wake up call for banks. Based on data evidence the possible reasons which might have been the causes of the situation at hand are as well discussed and recommend possible solutions are arrived at.
Preparedness to Teach International Financial Reporting Standards (IFRS) in Ethiopia: A Study on Selected Universities
Get PDFAbstractModern type of business organizations were started in Ethiopian before hundred years ago and the number is tremendously increasing nowadays. However, there was no one set of generally accepted accounting standard used by business organization in the country till December 2014 when IFRS was proclaimed as the law of the land. Though IFRS was accepted for financial reporting in the country starting from 2014, the level of preparedness in teaching IFRS in Ethiopian universities was not studied. This paper is aimed at identifying problems in teaching IFRS among teachers in Ethiopia universities. To achieve this objective, data was collected from 46 academic staffs working in six universities in the country. The study found that teachers in relatively old universities are trying to incorporate IFRS in their course plan as compared to those in recently established universities. Generally, the level of preparedness to incorporate IFRS is low in majority of the universities under study. Lack of text books in line with IFRS, problem of integrating IFRS in to the curriculum and lack of practical experiences are the top three bottle necks that hinder teaching IFRS in our universities. In order to prepare our staffs to teach in line with IFRS, both short and long term capacity building strategies were recommended in this study.
Effect of Knowledge Management on Organizational Performance in Addis Ababa, Ethiopia: A Case Study in Ethiopian Agricultural Trans-Formation Agency (Ata)
Get PDFKnowledge management and knowledge resources have gained much importance in recent years and are said to improve organizational performance. However, the effects of knowledge management practices on organizational performance are not well known especially in the case of public organizations. This research had examined the effects of knowledge management practices on organizational performance at Ethiopian Agricultural Transformation Agency. The study adopted explanatory research. Questionnaires were adopted on the basis of literature review. The questionnaires were also used to collect data from members of staff; respondents were selected through a random sampling method with sample size of 140 respondents. The completed questionnaires were edited for completeness and consistency, checked for errors and analyzed using statistical package for social science (SPPS 20) frequencies, percentages and multiple correlations for quantitative analysis. The study recommends Ethiopian Agricultural Transformation Agency should ensure a formalized way of acquiring knowledge from its employee and implement knowledge sharing practices that enable the employees to learn from each other. Ethiopian Agricultural Transformation Agency should also revise Organizational structure in accordance with the knowledge management element to enhance the effect of organizational performance and use advanced technologies to enhance its knowledge management practice
Islamic Insurance System: Tekaful Insurance
Get PDFThe insurance issue, which is one of the convention means of finance, is based on old times. The issue of insurance, which is highly criticized in the Islamic sense, is to be integrated into a holistic system by a methodology that will remain within the Scope of Islamic Finance. While the compansation of possible risks for a certain premium is defined as insurance; the aid system, which provides relief from the troublesome situations caused by undesirable situations, is expressed as Islamic insurance. The purpose of this study, the Islamic insurance concept, basic features and by reviewing the literature on the model, the financial system is one of the global players and Islamic finance interest known by the Muslim population of the legislation and its applications in Turkey. By this paper, it is clearified the difference between conventional insurance as its well known structure and Islamic insurance
Factors Affecting the Disclosure of Sustainability Reporting
Get PDFThis study examines the factors that influence the sustainability of the company's disclosure has registered at Indonesia Sustainability Award (ISRA). Data were taken from 2012 to 2017 and became a sample of 9 companies featured in the ISRA. Regression analysis was used to examine the effect of factors (Current Ratio, Size, Type Industry, Social Responsibility Committee and meetings of the audit committee) on the disclosure of sustainability reporting. Result of regression explains that the variable Current Ratio (CR), Size and Audit Committee Meetings significant effect, while the governance committee and the type of industry effect are not significant. Therefore, Companies are growing fast in asset and have a large debt must disclose the information in a sustainability report
Financial Inclusion in Africa through Mobile Money Services: A SWOT Analysis of Mobile Money Services: Evidence from Bukavu in DR Congo
Get PDFFinancial inclusion has been proved as a strategy to fight poverty. Africa is a continent where the poverty rate is high and the financial sector is not developed. The continent needs more financial innovation and an increase of financial access to fight these problems. Mobile money, a mobile based financial service has been including more and more people in the financial system and the sector is growing. A lot of studies grew interest in this new financial service but none studied the system strategically. This study uses the strategic approach SWOT, completed by TOWs matrix to ascertain the current status and the future of Mobile money services. The results revealed several strengths and significant opportunities for the system as well as its weaknesses and threats. Several strategies are proposed afterward
Factors Affecting Profitability: An Emprical Study on Ethiopian Banking Industry
Get PDFThe main purpose of this study was to examine factors affecting profitabilityEthiopian banking industry. The study adopted quantitative research approach and the statistical tool was used to estimate the profitability, which was measured by returnon asset as a function of balance sheet, industry specific and macroeconomic explanatoryvariables. The finding of the study showed that loan and advance, current deposit, otherliabilities and gross domestic product have statistically significant and positiverelationship with banks’ profitability. On the other hand, variables like fixed deposit, market concentration have a negative and statistically significant relationship withbanks’ profitability. However, the relationship of deposit with other banks, sum ofinvestment, saving deposit and inflation is found to be statistically insignificant. As aresult, the study recommended that Ethiopian Banking Industry must focus on increasingpublic awareness to mobilize more savings this will enhance their performance inprovision of loans and advance to customers. Finally, Ethiopian Banking Industryshouldnot only be concerned about internal structures and policies, but they must consider boththe internal environment and the macroeconomic environment together in fashioning out strategies to improve their profitability
The Mediating Role of Organizational Identification on the Relationship between Job Satisfaction and Organizational Citizenship Behavior: A Research in the Finance Industry
Get PDFThis study aims to examine the relationship between job satisfaction, organizational identification and organizational citizenship behavior of the employees in the finance industry. Also, it is aimed to reveal the mediating role of organizational identification on the relationship between job satisfaction and organizational citizenship behavior. The convenience sampling method was used in the study. The questionnaires were distributed to 355 personnel working in the finance industry and the responses obtained from these participants were analyzed. The correlations between the variables were found statistically significant and hierarchical regression analysis was used
Analysis of the Impact of Inflation, Interest Rate and Exchange Rate on Economic Development
Get PDFThis article seeks to empirically analyze the influence of inflation, interest and exchange rate on economic development. The sustainability of high economic development in most industrialized and developing countries has been the primary objective of macroeconomic policies. Notwithstanding, there exist considerable contention on the innate feature of the inflation, interest rate, exchange rate and development association. The major purpose of this work is to assess the inflation, interest and exchange rate effect on some economic development indicators in Nigeria which includes the life expectancy index, human development index, consumption per capita, physical quality of life, and health and education index. The secondary data employed were collected from the CBN statistical bulletins from 1981-2017 and were analyzed adopting descriptive, correlation as well as regression analysis. The empirical analysis revealed the existent relative effect of macroeconomic variables on Nigeria economic development indicators. The impacts of the economic attributes mechanisms on performance indicators are distinct. The work infers that the diverse economic characteristics’ components influence diverse indicators of performance in various ways. It is however recommended that inflation, interest rate and exchange rate should be used to create a favorable investment climate on economic development variables, the apex bank needs to consider inflation threshold for the country in the process of targeting single digit inflation as one of its major objectives. Also, government should adopt tight monetary policy measures to control inflation from time to time