Journals UITM University of Information Technology and Management
Not a member yet
1100 research outputs found
Sort by
THE DETERMINANTS OF FINANCIAL INCLUSION
Get PDFThere are hosts of dynamics contributing to financial inclusion. These sources may be both from the demand side and supply side. The government and financial institutions use several policy initiatives to encourage the supply of financial services to the excluded sector. However, the demand-side factors of financial access have attracted little focus. This study provides an overview of sources of financial inclusion and highlights the policy measures from the perspective of consumers of financial services – also known as the demand-side. The secondary series data were estimated using the ordinary least square method. The findings of the study indicate that economic growth and the number of internet users exert a positive and significant effect on financial access in East Africa. On the other hand, the result indicates that the deposit interest rate was insignificant. The study recommends the deposit interest rate be made attractive to promote continuous saving and access to loanable funds in the financial market. The policy strategies therefore should be aimed at cultivating a conducive financial system that upholds financial access-demand-driven rates to stimulate financial growth
DETERMINANTS OF CEO BONUS COMPENSATION
Get PDFThe primary purpose of this study is to explore the determinants of CEO bonus compensation: to examine CEO bonuses and to explore whether or not the independent variables are associated with CEO bonus compensation. For the purposes of this study, a sample of 2,448 CEO bonus compensations across 1,622 firms from 1997 to 2002 was used to test several hypotheses. The dependent variable in this model is the CEO bonus compensation. Bonus is the dollar value of the bonus (cash and non-cash) earned by the named executive officer during the fiscal year. Corporate diversification was divided into two categories; international diversification and industry diversification. Firm performance is measured by both Market-based, Performance (RET) and Accounting-based, Performance (ACE). The results show that the higher the degree of international diversification, and the higher accounting earnings performance, the more CEOs receive in bonuses. In addition, this study found that international diversification is associated with a greater use of bonuses and with a greater reliance on accounting-based, rather than marketbased measures of firm performance. The results also demonstrated that CEOs in firms with more investment opportunities will receive higher bonuses than CEOs in firms with fewer investment opportunities and CEOs in larger firms will receive higher bonuses than CEOs in smaller firms
MAKING SUSTAINABLE FINANCE SUSTAINABLE
Get PDFThe purpose of this paper is to highlight some issues and proffer solutions that can make sustainable finance become sustainable. One, there should be greater focus on how some aspects of finance can contribute to sustainability. Two, light-touch regulation may be needed to grow the relatively small sustainable finance sector. Three, there is a need to adopt a bottom-up approach to grow the sustainable finance sector. Four, voluntary ESG disclosures and related sustainability reporting should be encouraged. Five, short-term financial instruments can complement long term instruments in sustainable financing
PRODUCTION AND SECURITIZATION OF FOREIGN INFRASTRUCTURE BY “TEAM KOREA”
No full textThe financialization of infrastructure has emerged as a resolution for alleviating government budget pressures derived from chronic underinvestment in infrastructure and post-global financial crisis recession. Two interrelated phenomena are considered central features of the financialization of infrastructure: the transformation of infrastructure into an alternative asset class and the growth of public–private partnerships (PPPs) in infrastructure development. In particular, the expansion of global PPPs has attracted the attention of various entities, including state-owned enterprises (SOEs). Recently, SOEs have participated in foreign infrastructure PPPs as private sector entities. Unlike conventional private sector involvement in infrastructure PPPs, SOEs aim to achieve public objectives and mobilize both public and private resources to enhance competitiveness within the global PPP market. In this paper, the specificities of SOEs participating in foreign infrastructure PPPs and their implications for the financialization of infrastructure are analyzed using a South Korean SOE: Korean Overseas Infrastructure and Urban Development Corporation (KIND). This reveals why and how SOEs engage in foreign infrastructure PPPs via the drivers and business strategies of KIND. Moreover, it examines infrastructure PPPs managed by KIND to reveal how the business strategies of KIND work in practice. Consequently, this paper suggests that SOEs engaging in foreign infrastructure PPPs attempt to achieve policy objectives through the production and financialization of foreign infrastructure. In the process, SOEs actively take advantage of entities and resources from both the public and private sectors
THE CRYPTO EFFECT ON CROSS BORDER TRANSFERS AND FUTURE TRENDS OF CRYPTOCURRENCIES
No full textThis paper presents a theoretical and empirical outlook on different aspects of various cryptocurrencies, blockchain technology including the evolution of digital tokens and how they widely affect the financial markets, organizations, banks, governments via analyzing the characteristics and current history of cryptocurrencies alongside with blockchain technology. The choice of this topic was motivated by the fact that the virtual money concept and blockchain technology are utterly new phenomena. This new technology is completely decentralized making the subject worthy of scientific research.The paper solely focuses on analyzing how cryptocurrencies currently affect the financial markets and the future trends of these virtual tokens in the global economy. The study is keen to further examine the impact of Bitcoin and other cryptocurrencies on international fund transfers. Literature review and case study with up-to-date data has been included in the analysis. The following results have been obtained: cryptocurrencies offer a wide range of features such as faster, cheaper and more secure cross-border money transfers that can also provide anonymity. Most crypto tokens are highly volatile due to their nature and various other factors. Cryptocurrencies could provide more beneficial options for users on cross border transfers compared to traditional methods of fund transfers. Cryptocurrencies might have the potential to replace paper money and gain mainstream recognition throughout the world. The study sheds light onto current and future trends of cryptocurrencies and blockchain. It is outlined for the crypto, financial, economic field. 
WORK LIFE BALANCE AND SERVICE DELIVERY AMONG WOMEN ENTREPRENEURS IN SOUTH-WESTERN NIGERIA
Get PDFBusinesses in the twenty first century are characterized by persistent changes, uncertainties and undue pressure to meet demands and increase productivity. For women entrepreneurs, they are expected to combine this with the statutory responsibility of taking care of their children, families and home front. Managing these different roles and responsibilities usually influences the business performance and family life and may impact their service delivery. Hence, the study examined the impact of work-life balance on service delivery among women entrepreneurs in south-western Nigeria. A total of 379 respondents were selected from a population of 25,122 members of the Nigeria union of tailors in Lagos, Oyo and Osun state using multistage sampling techniques. Primary data was collected through the use of a structured self-administered questionnaire and a structural equation model (SEM- PLS) was adopted for the analysis. The result shows work demands, wellbeing, family workload and spousal support with coefficients 0.219, 0.101, 0.061 and 0.563. The study also found that every unit change of work-life balance would lead to a 0.792 unit change in service delivery. Therefore, the study concludes that work-life balance contributes significantly to the service delivery of women entrepreneurs. The study recommends that women entrepreneurs should effectively manage their work and family roles, ensure creativity and flexibility in their work domains and seek support to enable them to deliver efficient service and achieve overall performance in their business. 
CROWDFUNDING IN THE WIDER PERSPECTIVE INVESTMENT CROWDFUNDING: COMPETITION BETWEEN REGULATIONS, INSTITUTIONS, AND ECONOMIC FREEDOM
Get PDFThe aim of this article is to present Investment Crowdfunding (ICF) in a perspective wider than merely as a new form of financing a certain category of business ventures. Selected aspects of ICF as a phenomenon that is a manifestation of the conflict between economic freedom and regulations and financial market institutions will be emphasized. New concepts of the part of the modern economy in the period of digitization, referred to as the collaborative economy, mesh economy, or sharing economy, should also be taken into account. The issues of excessive and restrictive regulation of the financial market will be presented in this context, as well as the constraints and risk factors of ICF operation and the Polish ICF experience. The study hypothesises that Investment Crowdfunding is a viable alternative for financing micro and small economic projects, if compared to the traditional and over-regulated forms of financing. The usefulness of Investment Crowdfunding concerns primarily economic projects of the start-up category. The study uses the following research methods: critical analysis of the literature of the issue, descriptive and comparative analysis, case study, and deduction. The theoretical considerations and examples presented in the article should be treated with appropriate research caution. However, they make it possible to positively verify the hypothesis. 
REVISION OF PERFORMANCE MEASUREMENT TOOLS AND METHODS
Get PDFA changing economic environment and growing requirements of stakeholders have made it necessary to develop new achievement measurement methods. The article discusses and compares several performance measurement tools and methods, such as: theBalanced Scorecard, Tableau de bord, Skandia Navigator, Intangible Assets Monitor, German Scorecard, Business Excellence Model, Dutch system of performance management, Performance Prism and the EFQM Excellence Model. They are the most popular among both theoreticians and practitioners in this field. 
AN ESSENTIAL REVIEW OF INTERNET BANKING SERVICES IN DEVELOPING COUNTRIES
Get PDFIn the absence of a literature review for an adoption of internet banking in developing countries, this study was conducted to review and summarize the most evaluated articles in the literature. The significance of this work came from three concepts which are to highlight the concepts of research in developing countries, to accentuate the dominant models which have been used effectively in analyzing the constructs in adopting internet banking, and thirdly, to shed some light on the gaps in the potential applications for the system in the future. The Technology Acceptance Model, Theory of Reasoned Action, Theory of Planned Behaviour, Unified Theory of Acceptance and Use of Technology and Self Designed models have been used by most of the researchers in this review with a higher frequency of the Technology Acceptance Model among them. The results from this review are limited to 28 articles which were selected from a total of 110. The sources were from the search engines of Science Direct, Emerald Insight, Growing Science, International Business Information Management Association and Canadian Central of Science and Education and other different types of journal publications. The factors revealed to have important effects on the acceptance and adoption of the system were trust, perceived ease of use, and perceived usefulness, security and privacy and social influences. 
THE POLISH MODEL OF A SOCIAL ECONOMY WITH THE FINANCIAL ASPECTS AND PROFITS AT BACKGROUND – FROM THE GENERAL THEORY TO PRACTICE
Get PDFThis article contains main trends, assumptions and thesis about the social economy in Poland, which the author agree with. The main goal of it, is to bring together fundamental facts depicting the situation of the social economy in Poland (in theory and in practice) with the conditions that must be fulfilled in order for it to grow (also from the financial side). In the article, the aspect of profit in a social enterprise, was especially emphasized. To describe the topic the descriptive methods were used. The graphical analysis refers to the last three years, but to understand how the social economy operates in practice, author uses description of the data from 1999 to now, in this paper.