Business Commons^™

Corporate Governance In India: Disciplining The Dominant Shareholde, Jayanth Rama Varma

IIMB Management Review

Corporate governance problems in India are very different from that of, say, the US or the UK where the issue is essentially that of disciplining the management who have ceased to be effectively accountable to their owners. The problem of the Indian corporate sector is that of disciplining the dominant shareholder and protecting the minority shareholders. The role of two such disciplining forces - the regulator and the capital market has been discussed.

The Need For Exchange Rates Convergence In Nigeria, P. J. Obaseki

Economic and Financial Review

This paper examined the relevance of exchange rates convergence in the context of a realistic exchange rate and the implementation of a successful Economic Adjustment Programme, with particular reference to external sector competitiveness and viability. The paper was unambiguous in respect of the superiority of convergence over other schemes ranging from multiple to a dual exchange rate system. A unified exchange rate system, resulting from a free interplay of market forces, eliminates waste arising from subsidies and inefficient allocation of foreign exchange. A unified rate also reduces rent-seeking behaviours that flourish under a dual or multiple exchange rate system. After …

Strategy For Growth-Led Poverty Alleviation In Nigeria, A. S. F. Atoloye

Economic and Financial Review

The economic growth process of a country is determined by a number of factors among which is technological change. Increased output/performance permitted by this goes a long way in alleviating poverty. Rapid and sustained economic growth utilizing a new industrial strategy calls for proficient use of the natural advantages of modern infrastructures which further serves as a poverty-reducing strategy. The author states that the most credible option by which the poor can receive a fair share of the benefits of development is by subjecting the economy to the full discipline and rigours of market forces for a poverty-reducing growth. Governments …

Measurement Issues In Poverty, A. Englama, A. Bamidele

Economic and Financial Review

The paper defines poverty as certain disabilities such as the inability to participate with dignity in society. It also demonstrates that in measuring poverty, emphasis should not be mainly on income or consumption, hut that cognizance should be taken of social, economic and basic infrastructures as well as environmental factors. The paper farther mentions some inherent problems in measuring poverty such as conceptual and data problems. Once these problems are overcome, a simple head count could provide an insight into poverty measurement. J11e depth and severity of poverty can be determined by the P-Index which captures the number of the …

Foreign Private Investment In Nigeria - 1995, Central Bank Of Nigeria Cbn

Economic and Financial Review

The net flow of foreign private investment into the Nigerian economy increased substantitally by more than twelve-folds from "M1, 907. 2 million in 1994 to N48, 677. 0 million in 1995, reflecting the stable macro-economic conditions during the period. All the components of foreign investment flows contributed to the increase with the contribution of unremitted profit accounting for the highest. Analyses of the investment flows showed that companies of Western Europe accounted for 78. 7 per cent of the total net inflow mainly through firms in the mining and quarrying sector. The survey revealed that the cumulative level of foreign …

Mobilizing Rural Savings In Papua New Guinea: Myths, Realities, And Needed Policy Reform (N.A. Fernando, The Journal Of Institute Of Development Economics, Tokyo, Japan, Vol. Xxix, No. 1, March, 1992), M. Abdulkadir

Economic and Financial Review

A review of the article "Mobilizing Rural Savings in Papua New Guinea: Myths, Realities and Needed Policy Reforms" is imperative considering the efforts of the Federal Government and monetary authorities, especially the Central Bank of Nigeria to mobilize rural savings in Nigeria. This is evidenced by the establishment of the Nigerian Agricultural and Cooperative Bank ( 1973), the Agricultural Credit Guarantee Scheme ( 1977), the Central Bank of Nigeria Rural Banking Programme (1977), the Peoples Bank (1990) and the Community Bank (1990) nationwide.

Seasonal Adjustment Of Naira Exchange Rate Statistics 1970-1995, O M. Akinuli

CBN Occasional Papers

This paper uses a current statistical approach to examine and adjust the seasonalities in the Naira exchange rate statistics, vis-a-vis the U.S. Dollar and the pound sterling for a period of twenty-five (25) years. Such study is necessary as it helps to understand the behavioural pattern of a trend in an attempt to predict the future. An investigation like this also helps to expose both the short and long run tendencies of a series which may require urgent or new policy measures to be taken sooner than expected. This paper reviews the regimes of exchange rate under the period, the …

The Impact Of The Louisiana Lottery On Salaries In Education, Melissa Vicknair Melancon

Doctoral Dissertations

The study was undertaken to decide whether lottery revenues impacted teachers' salaries in Louisiana. Economic recession brought on by the collapse of the oil and gas industry, disgruntled taxpayers, and the lure of easy money prompted Louisiana legislators to pass a bill adopting a state lottery. Initially, all funds were earmarked for education. Subsequently, lottery revenues were deposited into the general fund. Yet many thought the lottery would be a significant source of money for education and teachers' salaries.

Logged annual salaries were used in models for university teachers and for elementary and secondary school teachers. Variables were incorporated to …

Central Bank Of Nigeria Statistical Bulletin June 1997, Central Bank Of Nigeria

CBN Statistical Bulletin

Financial data is compiled from financial statements and balance sheets, which are designed to meet legal and administrative requirements rather than economic analysis needs. The Finance and Accounts Department prepares the CBN accounting balance sheet data for the Research Department to compile the CBN analytical accounts. However, major revisions were made due to imprecise definitions, improper classification, inadequate sectorization, inaccuracies, irregular valuation procedures, and errors in data compilation on foreign assets. The Computer Services Department uses high-level computing to generate both summary and detailed analytical balance sheets based on the end-month BANKOS 302 of the CBN, Lagos branch. The consolidation …

Unit Labor Cost And Trade Patterns: Prospects And Concerns, Nadia Hani El Nokrachi

Archived Theses and Dissertations

No abstract provided.

Inaugural Year: Business Community Luncheon, Seattle Pacific University School Of Business And Economics

Eaton, 1996

[Program of the] Inaugural Year Business Community Luncheon, 12:00 Noon, May 19, 1997, Seattle Sheraton Hotel.

Economic Impact Of Convention And Meetings To Montana: Methodological Attempts, Rita J. Black, Paul L. Grant

Institute for Tourism and Recreation Research Publications

Outlines the attempt to replicate a study in Montana orginally conducted nationally. The study was not completed because of an inability to obtain cooperation from the conference associations and hotel properties. This report explains the methodology and the difficulties encountered during the study attempt.

Michigan State Government Employment Sector: Are We In Line With The National Trends?, Thomas Walter Cronkright Ii

Honors Theses

Examines the national trends of employment to make a comparison for Michigan State government employment. Results show that Michigan's public employment trends do not follow national employment trends in a comparable way. Michigan is distinct from the nation for several reasons: a hiring freeze placed on Michigan State Departments, higher levels of union participation and employee pay, and benefits packages that cost more than the Executive Branch of the U.S. government. Thus, either Michigan provides superior benefits or it pays a premium for those benefits. Suggests further research is needed.

The Incremental Information Content Of The Cash And Cash Equivalents Definition Of Funds, Hugh Samuel Riner Jr.

Doctoral Dissertations

The purpose of this study was to attempt to determine the incremental information content of the cash and cash equivalents definition of funds. The cash and cash equivalents definition of funds is the mandated definition of funds for use in the preparation of a statement of cash flows. Prior to 1988, firms were able to use alternative definitions of funds; working capital was the most widely-used alternative definition.

In order to determine whether the cash and cash equivalents definition of funds has incremental information content, event analysis methodology was utilized to compare the market reaction to the release of financial …

Asia’S Emerging Equity Markets: Diversification Vs Return Enhancement, Julian E Gaspar

IIMB Management Review

What accounts for the relative attractiveness of Asia's emerging equity markets to an American Fund Manager? Following a brief overview of portfolio flows to developing countries, an empirical analysis of Asia's emerging equity markets is conducted to rank them on the basis of risk diversification using correlation analysis. This is followed by an analysis and ranking of Asia's emerging equity markets in terms of total returns with a summary of the major findings in terms of risk diversification and return enhancement. In addition, India's equity market is given a closer look to determine key macro economic and institutional issues that …

Economic Restructuring, Technology Transfer And Human Resource Development: By B R Virmani And Kala Rao, New Delhi: Sage Publications,1996., Subhashish Gupta

IIMB Management Review

No abstract provided.

Determinants Of Currency Composition Of External Reserves In Nigeria: An Empirical Investigation, Newman C. Oputa

Economic and Financial Review

This paper discusses the determinants of the currency composition of external reserves in Nigeria. The empirical analysis reveals that the main factors influencing the currency composition of external reserves in Nigeria are international trade transactions and currency composition of external debt, while reserve adequacy aided the diversification into more currencies. Exchange and interest rates were relatively significant in the share of each currency in the reserve basket. A review of CBN's external reserves policy confirmed that vigorous diversification was embarked upon when there was remarkable increase in the level of the reserve. However, current CBN reserve management policy shows a …

Montana Vision Travel Research: 1997, Norma P. Nickerson, Kim Mcmahon

Institute for Tourism and Recreation Research Publications

Outlook for 1997 and Review of 1996

Tobin, James, Tony Caporale

Economics and Finance Faculty Publications

James Tobin was born in Champaign, Illinois, in 1918. He received his bachelor's degree in 1939 and his master's degree in 1940, both from Harvard. Following naval service during the years 1942-6, he returned to his graduate studies and received his PhD from Harvard in 1947. In 1950, he joined the economics department at Yale University, and he has largely remained at Yale and has been identified with this institution throughout his career. He twice directed the Cowles Foundation for Research in Economics, first from 1955 to 1961, and then from 1964 to 1965. He also served for two years, …

Indiana State University Financial Report 1997, Indiana State University

Financial Reports

No abstract provided.

Exchange Rate Regimes And International Trade, Reuven Glick, Clas Wihlborg

Business Faculty Books and Book Chapters

The existing evidence on the volume effects of exchange rate risk and exchange rate regime choice is examined. The analysis involves estimating the effects of cross-country differences in exchange rate regime on export and import elasticities using a continuous measure of the degree of exchange rate flexibility. It is argued that risk for firms involved in international trade tends to decrease with greater exchange rate flexibility. In formulating our hypotheses we argued that the cross-country variation in U.S. export elasticities with respect to the real exchange rate and foreign GDPs is primarily attributable to the cross- country variation in bilateral …

Nova Southeastern University 1997 Annual Report, Nova Southeastern University

NSU Annual Reports

No abstract provided.

Industrial Resources: Oldham County, Kentucky Library Research Collections

Oldham County

"Resources for Economic Development: Oldham County, [Kentucky]" prepared by the Kentucky Cabinet for Economic Development, Division of Research in cooperation with the Oldham County Chamber of Commerce, 1997. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources: Nicholas County - Carlisle, Kentucky Library Research Collections

Nicholas County

"Resources for Economic Development: Carlisle, [Kentucky]" prepared by the Kentucky Cabinet for Economic Development, Division of Research in cooperation with the Carlisle-Nicholas County Chamber of Commerce, 1997. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources: Owen County - Owenton, Kentucky Library Research Collections

Owen County

"Resources for economic Development: Owenton, [Kentucky]" prepared by the Kentucky Cabinet for Economic Development, Division of Research in cooperation with the Owen County Industrial Foundation, 1997. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources: Owsley County - Booneville, Kentucky Library Research Collections

Owsley County

"Resources for Economic Development: Booneville, [Kentucky]" prepared by the Kentucky Cabinet for Economic Development, Division of Research in cooperation with the Booneville/Owsley County Industrial Authority and the City of Booneville, 1997. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources: Pulaski County - Somerset, Kentucky Library Research Collections

Pulaski County

"Resources for Economic Development: Somerset, [Kentucky]" prepared by the Kentucky Cabinet for Economic Development, Division of Research in cooperation with the Somerset-Pulaski County Development Foundation and the City of Somerset. 1997. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources: Meade County - Brandeburg, Kentucky Library Research Collections

Meade County

"Resources for Economic Development: Brandenburg, [Kentucky]" prepared by the Kentucky Cabinet for Economic Development, Division of Research in cooperation the Meade County-Brandenburg Industrial Development Authority, 1997. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets and climate.

Industrial Resources: Mccracken County - Paducah, Kentucky Library Research Collections

McCracken County

"Resources for Economic Development: Paducah, [Kentucky]" prepared by the Kentucky Cabinet for Economic Development, Division of Research in cooperation with the Greater Paducah Economic Development Council, 1997. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources: Breathitt County - Jackson, Kentucky Library Research Collections

Breathitt County

"Resources for Economic Development: Jackson, Kentucky" prepared by the Kentucky Cabinet for Economic Development, Division of Research, the City of Jackson, and the Breathitt County Industrial Foundation, 1997. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.