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Design and Research of Real Time Monitoring System for the Refined Oil Logistics
Issue:
Volume 6, Issue 1, February 2017
Pages:
1-5
Received:
4 October 2016
Accepted:
20 October 2016
Published:
14 November 2016
Abstract: Dangerous goods transport is very dangerous. Once the dangerous goods accidents will be on human life and the environment cause significant harm and loss. Therefore, the safe transport of dangerous goods is very important. In my paper, the logistics monitoring system is designed for the logistics process of the refined oil. At First, the paper analyzes the present situation of dangerous goods logistics and logistics monitoring technology both at home and abroad. Secondly, we investigated the logistics monitoring technology, such as GPS/RFID/GPRS and so on. Next, we studied the characteristics of the refined oil, the mode of logistics and the business process of the recycling logistics. Finally, basing on the Internet of things, the software and hardware of the monitoring system is designed to ultimately achieve the purpose of the real-time monitoring in the refined oil logistics process, which improves the safety and the efficiency of information transmission in the process of transportation. The paper mainly studies the software and hardware configuration of the monitoring system. The next paper will be on the monitoring system software design for further study.
Abstract: Dangerous goods transport is very dangerous. Once the dangerous goods accidents will be on human life and the environment cause significant harm and loss. Therefore, the safe transport of dangerous goods is very important. In my paper, the logistics monitoring system is designed for the logistics process of the refined oil. At First, the paper anal...
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The Impact of Corporate Social Responsibility (CSR) on National and International Corporations Prevailing in Bangladesh: A Comparison of CSR on the Basis of Carroll’s Pyramid
Afzal Hossain,
Kazi Abul Bashar,
Behzad Noor
Issue:
Volume 6, Issue 1, February 2017
Pages:
6-12
Received:
30 August 2016
Accepted:
28 September 2016
Published:
23 November 2016
Abstract: This research paper examines how the National and International companies manage Corporate Social Responsibility (CSR) in Bangladesh. It considers how the concept has come to be framed within business in Bangladesh, which is increasingly globalized. In looking at how CSR practices are being adopted and adapted by National and International companies in Bangladesh, we can begin to see what implications arise from the fact that CSR is a Western-led concept and Bangladesh can be thought to be lagging behind in its understanding and adoption of CSR as companies do not necessarily state their policies in such a formal extent that is expected. The study comprises the impact of CSR of the National and International corporations on the basis of Carroll’s pyramid. In this study we have considered two companies for making comparisons; one is SQUARE Bangladesh Ltd. as the national company and another is Unilever Bangladesh Ltd. as the multinational company.
Abstract: This research paper examines how the National and International companies manage Corporate Social Responsibility (CSR) in Bangladesh. It considers how the concept has come to be framed within business in Bangladesh, which is increasingly globalized. In looking at how CSR practices are being adopted and adapted by National and International companie...
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Measuring the Systematic Risk of Stocks Using the Capital Asset Pricing Model
Abonongo John,
Ackora-Prah J.,
Kwasi Boateng
Issue:
Volume 6, Issue 1, February 2017
Pages:
13-21
Received:
13 September 2016
Accepted:
30 September 2016
Published:
14 December 2016
Abstract: Among the paramount information in the stock market is the awareness of the systematic risk of stocks which plays essential role in investment choices. This paper measured the systematic risk of seven stocks on the Ghana Stock Exchange (GSE) using monthly closing prices and the 91 day T-bill from the period 2011 to 2015. The CAPM was employed in measuring the systematic risk of the stocks. The results revealed that, CAL, FML and TLW were defensive stocks since each had a market beta less than one (1). PBC, CLYD, EGL and UNIL had the same systematic risk as the market since each recorded a market beta of one (1). All the seven stocks each had a positive market beta implying that they move in a similar manner as the market. The compensation for investing in each of the stock was approximately at 3%. The diversifiable risk associated with each of the stock was very low since few of the returns were scattered along the regression line.
Abstract: Among the paramount information in the stock market is the awareness of the systematic risk of stocks which plays essential role in investment choices. This paper measured the systematic risk of seven stocks on the Ghana Stock Exchange (GSE) using monthly closing prices and the 91 day T-bill from the period 2011 to 2015. The CAPM was employed in me...
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Information Technology Implications of IFRS Implementation in Nigeria: Challenges to Auditors
Daferighe Emmanuel Emekaponuzo,
Ofonime Okon Jeremiah,
Emah Joseph Alfred
Issue:
Volume 6, Issue 1, February 2017
Pages:
22-27
Received:
18 October 2016
Accepted:
4 November 2016
Published:
14 December 2016
Abstract: The adoption of IFRS as the reporting standards in Nigeria has brought with it changes in the accounting systems. IT changes is one essential aspect of concern in the IFRS implementation especially considering its effects on audit practice. These issues defined the focus of this paper. The survey research design was adopted. Auditors in audit accounting firms in Anambra and Akwa Ibom states of Nigeria were the targeted respondents. 120 auditors were randomly selected using convenience and judgemental technique. Data were collected using a 5-point Likert scale questionnaire. The data were analysed using the descriptive statistic such as averages, weights and ranking. It was discovered that the technology changes as a result of IFRS implementation requires high IT expertise from auditors as they need to understand the up to date software. It was therefore recommended that auditors should take up the challenge of updating their knowledge and skills with regard to IFRS and information technology in order to brace up for the challenges ahead. Similarly, accountancy training institutions such as tertiary institutions and professional tuition homes should update their curriculum to be in tune with the demands of IFRS; IFRS training packs and software should be made affordable in Nigeria.
Abstract: The adoption of IFRS as the reporting standards in Nigeria has brought with it changes in the accounting systems. IT changes is one essential aspect of concern in the IFRS implementation especially considering its effects on audit practice. These issues defined the focus of this paper. The survey research design was adopted. Auditors in audit accou...
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Solutions for Thai Property Funds’ Performance Improvements
Natkawin Jiamchoatpatanakul
Issue:
Volume 6, Issue 1, February 2017
Pages:
28-36
Received:
31 October 2016
Accepted:
17 November 2016
Published:
26 December 2016
Abstract: A regulatory repeal of Thai property funds has faced limitation of raising capital to acquire new assets for improving the overall performances. Since they can decide not to convert to be a new form of Real Estate Investment Trust (REIT) owing to disincentives of tax benefit loss and conversion cost, it is a cry for discovering workable solutions to enhance existing funds’ performances to maintain strong performance without the capital increase approach. Among twenty discussed methods in the research, fourteen workable solutions were proposed by forty one interviewees, some of which are consistent with the other studies. On the contrary, few discussed methods are inconsistent with others, i.e. incentive and management fee in a form of share to the fund manager owing to perception of inactive role of the Thai property fund managers when compared to those of the international REITs. The remaining four approaches were discussed to be unfitting for utilization. Looking forward, Thai funds might grow and increase their performances by utilizing number of workable solutions under the circumstances of non–existence of Thai property fund regulation to support inorganic growth opportunities.
Abstract: A regulatory repeal of Thai property funds has faced limitation of raising capital to acquire new assets for improving the overall performances. Since they can decide not to convert to be a new form of Real Estate Investment Trust (REIT) owing to disincentives of tax benefit loss and conversion cost, it is a cry for discovering workable solutions t...
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Interest Rate, Corporate Membership and Loan Repayment by Borrowers from Micro-Financial Institutions in Nakuru County
Issue:
Volume 6, Issue 1, February 2017
Pages:
37-43
Received:
13 September 2016
Accepted:
20 October 2016
Published:
20 February 2017
Abstract: The purpose of this study was to determine the relationship between interest rate, corporate membership and loan repayment in MFIs in Nakuru County. The study was guided by two objectives; to investigate the role of interest rate in loan repayment in MFIs in Nakuru County and to analyze the role of corporate membership in loan repayment in MFIs in Nakuru County. The study adopted correlation design and was guided by multiple regression models. The study collected data through structured questionnaires that had adequate research items on every research indicator. Collected data was analyzed using STATA and results were presented using tables. The findings of the study revealed that interest rate is not a determinant of loan repayment in Micro Financial Institutions in Nakuru County and it was concluded that interest rate charged on a loan does not impact on repayment. Similarly, it was evident that corporate membership is not significant determinant of loan Repayment in micro financial institutions in Nakuru County. The study recommends that institutions should establish a close relationship between the lenders and the borrower through monitoring, business advice and regular meetings. The institution can also develop a reward system to those borrowers who repay their loans on time through discounts on subsequent loans and savings. Further studies should be conducted to examine if the following determinants are associated with loan repayment in MFIs period of membership, security given, utmost good faith, consistency of payment during previous loan and social problems.
Abstract: The purpose of this study was to determine the relationship between interest rate, corporate membership and loan repayment in MFIs in Nakuru County. The study was guided by two objectives; to investigate the role of interest rate in loan repayment in MFIs in Nakuru County and to analyze the role of corporate membership in loan repayment in MFIs in ...
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Improving Corporate Venture Investment through Strategic Inter-Firms Knowledge Transfer: An Empirical Evaluation of Service Firms in Nigeria
Sunday Alewo Omale,
Marcus Garvey Orji,
Thomas Oladele,
Kizito Babatunde Olaniyi
Issue:
Volume 6, Issue 1, February 2017
Pages:
44-49
Received:
18 December 2016
Accepted:
17 January 2017
Published:
4 March 2017
Abstract: This study examines corporate venture investment performance through strategic inter-firms knowledge transfer: An Empirical Evaluation of Service Firms in Nigeria. Inter-firm knowledge transfer has reward over traditional markets because firm-specific technological capabilities frequently are based on implied knowledge and are subject to considerable doubt regarding their uniqueness and performance. Inter-firm knowledge transfer enables one firm to gain access to key knowledge based capabilities of another without necessarily acquiring that capability. Two research objectives, research questions and hypotheses were formulated respectively in carrying out this inquiry. Data relevant to the study were reviewed using secondary method of data collection while the chief instrument for analytical data collection was questionnaire, which was designed for selected management employees. A sample of 216 employees of service firms in Nigerian pharmaceutical, banking, electrical and general service firms was used to test the framework. The data was analyzed using students ‘t’ distribution test method. The result of the study showed that strategic inter-firms knowledge transfer impact positively on corporate venture performance. It enables one firm to gain access to key knowledge based capabilities of another without necessarily acquiring that capability. When we examine corporate venture investment through strategic inter-firms knowledge transfer one will certainly conclude that, the primary objective of conducting knowledge transfer activities is to retain and manage various knowledge types that can be used to inform decision making and problem solving. Finally, it was recommended that, Firms should identify the knowledge holders within their organization and motivating them to share their knowledge to enhance it investment and performance.
Abstract: This study examines corporate venture investment performance through strategic inter-firms knowledge transfer: An Empirical Evaluation of Service Firms in Nigeria. Inter-firm knowledge transfer has reward over traditional markets because firm-specific technological capabilities frequently are based on implied knowledge and are subject to considerab...
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Focus on Economic Benefits and the Most Appropriate Strategy of Sericulture in Yuexi Area of Guangdong, China
Wenchu Li,
Yangsheng Zhong,
Fangyan Chen,
Yeyuan Wang,
Yangjin Zhong,
Jianrong Lin
Issue:
Volume 6, Issue 1, February 2017
Pages:
50-55
Received:
28 January 2017
Accepted:
13 February 2017
Published:
6 March 2017
Abstract: The research team investigated and analyzed the data of Yuexi silkworm rearing area in Guangdong province. Recently, the silkworm rearing farmers averagely got products from mulberry fields by 3547.65kg cocoons per hectare; the incomes rose to ¥73,363.8 (RMB) every hectare per year; for individual, the average income rose to ¥118,02.2 every year. In the five counties of Yuexi silkworm rearing area, the farmers in Huazhou input the least investment so that got higher silkworm diseases but they gained the best ratio of output and input as 365~376%; whereas that in Luoding, Yun’an and Suixi county, the number was 289.1~395%, 231.1~263% and 206.2~255.8%, respectively. However, in Gaozhou county, the farmers invested much more than the other counties which resulted in the lowest lost by silkworm diseases, unfortunately their ratio of output and input was low to 151~164%. Accompanied by the cost rising of agricultural materials and investments, silkworm rearing total cost increased by 16.54% and it cost ¥1,855 every household. The average productive cost account for 46.4% of income. The paper analyzed the situation in Yuexi silkworm rearing area faced, and proposed technical devices to further improve economic effectiveness with low ratio of productive cost which aims to promote quick and stable development of sericultural production.
Abstract: The research team investigated and analyzed the data of Yuexi silkworm rearing area in Guangdong province. Recently, the silkworm rearing farmers averagely got products from mulberry fields by 3547.65kg cocoons per hectare; the incomes rose to ¥73,363.8 (RMB) every hectare per year; for individual, the average income rose to ¥118,02.2 every year. I...
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The Research of Corporate Governance, Industrial Over-investment and Corporate Over-investment
Su-yuan Tian,
Ping Ye,
Ke Gao
Issue:
Volume 6, Issue 1, February 2017
Pages:
56-59
Received:
6 June 2017
Published:
6 June 2017
Abstract: The corporate governance of listed companies is the focus and hot spot of financial research in recent years. Using a sample of A-share listed firms in China for the period 2003-2015, the paper investigates corporate governance on the relationship between industrial over-investment and the over-investment. The results show that: (1) The information transparency restrains the positive relationship between industrial over-investment and the next period of over-investment. (2) Major shareholder increases the positive relationship between industrial over-investment and the over-investment.
Abstract: The corporate governance of listed companies is the focus and hot spot of financial research in recent years. Using a sample of A-share listed firms in China for the period 2003-2015, the paper investigates corporate governance on the relationship between industrial over-investment and the over-investment. The results show that: (1) The information...
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