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Articles 8521 - 8550 of 9494

Full-Text Articles in Finance and Financial Management

Vol. 01 No. 1 Journal Of Microfinance, Journal Of Microfinance Sep 1999

Vol. 01 No. 1 Journal Of Microfinance, Journal Of Microfinance

Journal of Microfinance / ESR Review

No abstract provided.

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Measuring Transformation: Assessing And Improving The Impact Of Microcredit, Susy Cheston, Larry Reed Sep 1999

Measuring Transformation: Assessing And Improving The Impact Of Microcredit, Susy Cheston, Larry Reed

Journal of Microfinance / ESR Review

The question of impact assessment is one that continues to plague microcredit practitioners. Some contend that existing impact assessment studies are meaningless, while others maintain they are absolutely necessary. The authors of this paper advocate a renewed focus on the transformation of clients and their communities, as well as a new impact assessment model to support and document this focus. They outline the key principles for conducting impact audits that include measurement of transformation among clients. They also review a series of practitioner-oriented impact assessment tools and outline future challenges for practitioners, donors, and academics in improving performance through impact …

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Microenterprise Development In The Heartland: Self-Employment As A Self-Sufficiency Strategy For Tanf Recipients In Iowa 1993-1998, Salome Raheim, Jason J. Friedman Sep 1999

Microenterprise Development In The Heartland: Self-Employment As A Self-Sufficiency Strategy For Tanf Recipients In Iowa 1993-1998, Salome Raheim, Jason J. Friedman

Journal of Microfinance / ESR Review

There has been a significant interest in the microenterprise movement regarding its effectiveness as a welfare-to-work strategy. A decade's worth of program results, demonstration projects, and research strongly suggest that the benefits of microenterprise development for welfare recipients outweigh the costs and risks. The state of Iowa has been a leader in promoting microenterprise development as a welfare-to-work strategy. Iowa was the first state in the US to incorporate microenterprise-development training as an eligible activity in its welfare-reform program. Since 1993, the Iowa Department of Human Services (IDHS) has contracted with the Institute for Social and Economic Development (ISED), a …

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Announcements, Journal Of Microfinance Sep 1999

Announcements, Journal Of Microfinance

Journal of Microfinance / ESR Review

No abstract provided.

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Are Grameen Replications Sustainable, And Do They Reach The Poor?: The Case Of Card Rural Bank In The Philippines, Hans Dieter Seibel, Dolores Torres Sep 1999

Are Grameen Replications Sustainable, And Do They Reach The Poor?: The Case Of Card Rural Bank In The Philippines, Hans Dieter Seibel, Dolores Torres

Journal of Microfinance / ESR Review

The Grameen Bank in Bangladesh is known worldwide for its success in providing credit to the poor. However, subsequent replications of its methodology in other parts of the world have been less successful. Is there really an infallible solution that works everywhere, and is outreach to the poor compatible with sustainability? A Grameen replicator in the Philippines, the Center for Agriculture and Rural Development (CARD), has recently set itself firmly on the path to sustainability by becoming a formal sector, rural bank—the first credit NGO in the country to do so. During the period, from 1993 to June 1999, CARD's …

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Village Banking Dynamics Study: Evidence From Seven Programs, Judith Painter, Barbara Mknelly Sep 1999

Village Banking Dynamics Study: Evidence From Seven Programs, Judith Painter, Barbara Mknelly

Journal of Microfinance / ESR Review

The primary question examined in this study is whether client loans grow or stagnate over time. Loan growth is important to financial sustainability and is also a proxy for positive impact. The relationship between loan growth and a variety of factors--program loan and savings policies, site selection, membership dynamics--are explored in the context of seven village bank programs. The study concludes that on average, loan size did not stagnant but increased steadily, although at a rate lower than the original village bank model projections. Only programs that allowed non-poverty level loans (loans above US$300) approached the original loan growth rate. …

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The Impact Of Outcome-Based Assessment On Microenterprise Programs, Margaret A. Johnson, Umasundari Akella, Jule Lalande Sep 1999

The Impact Of Outcome-Based Assessment On Microenterprise Programs, Margaret A. Johnson, Umasundari Akella, Jule Lalande

Journal of Microfinance / ESR Review

The changing environment in the nonprofit sector has subjected microenterprise programs to a new paradigm that emphasizes rationality principles. These principles ask practitioners to increase their outcomes while minimizing costs and to demonstrate that they are doing so with outcome-assessment measurements. This paper presents a case study of what happened to 11 microenterprise programs that adopted outcome assessment. Factors affecting the adoption of outcome assessment were changing norms in the nonprofit sector, demands from state legislators for information on program outcomes, and mandates from funders. A funding formula was implemented; program responses included going along, adopting practices to fit the …

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Defying The Odds: Bunking For The Poor, By Eugene Versluysen, Eugene Versluysen Sep 1999

Defying The Odds: Bunking For The Poor, By Eugene Versluysen, Eugene Versluysen

Journal of Microfinance / ESR Review

No abstract provided.

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Bringing Development Back, Into Microfinance, Maria Otero Sep 1999

Bringing Development Back, Into Microfinance, Maria Otero

Journal of Microfinance / ESR Review

No abstract provided.

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The Microcredit Summit's Challenge: Working Toward Institutional Financial Self-Sufficiency While Maintaining A Commitment To Serving The Poorest Families, David S. Gibbons, Jennifer W. Meehan Sep 1999

The Microcredit Summit's Challenge: Working Toward Institutional Financial Self-Sufficiency While Maintaining A Commitment To Serving The Poorest Families, David S. Gibbons, Jennifer W. Meehan

Journal of Microfinance / ESR Review

Institutional financial self-sufficiency (IFS) is necessary for a microfinance institution (MFI) to obtain the large amount of funds required to reach and benefit truly large numbers of the poor and poorest households. There is no necessary trade-off between serving large numbers of the poorest households and the attainment of IFS by an MFI, as proven by the case studies in this paper. Cost-effective identification of the poor and the poorest women is essential to maximizing the effectiveness and efficiency of providing microfinance services to them. If the service is not exclusively for the poor and the poorest, it should be …

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A President And A Professional: In Conversation With Anand Rathi, N Balasubramanian Sep 1999

A President And A Professional: In Conversation With Anand Rathi, N Balasubramanian

IIMB Management Review

Anand Rathi. President of the Stock Exchange. Mumbai. speaks about his transition from a company executive to a capital market functionary and finally to his current position as chief executive of the BSE. He elaborates on the challenges he faces in an organisation like the BSE. particularly in taking it to global levels of excellence and in this regard. he discusses his agenda for the year - 'Mission 2000 and Beyond'. He also touches upon the key issues of governance. the role of IT in changing the way business is conducted in stock exchanges and finally. he shares his wider …

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Securitisation, Kannan Venkateshwar Sep 1999

Securitisation, Kannan Venkateshwar

IIMB Management Review

No abstract provided.

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Valuing The New Urbanism: The Case Of Kentlands, Charles C. Tu, Mark Eppli Sep 1999

Valuing The New Urbanism: The Case Of Kentlands, Charles C. Tu, Mark Eppli

Finance Faculty Research and Publications

This study assesses the impact of new urbanism on single-family home prices. Specifically, we use Duany and Plater-Zyberk's traditional neighborhood development (TND) of Kentlands and surrounding conventional subdivisions to estimate the premium, if any, that single-family homeowners are willing to pay to reside in a community with new urbanist features. Using data on 2,061 single-family home transactions and several hedonic price models, the empirical evidence reveals that consumers are willing to pay a premium to locate in Kentlands.

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The Adequacy Of The Fourteen General Systems Characteristics As Function Point Adjustment Factors, Michael D. Prater, Joseph C. Willoughby Sep 1999

The Adequacy Of The Fourteen General Systems Characteristics As Function Point Adjustment Factors, Michael D. Prater, Joseph C. Willoughby

Theses and Dissertations

The purpose of this research is to assess the perceived adequacy of the 14 general systems characteristics (GSCs) in deriving a value adjustment factor (VAF) for calculating final function point counts. Two self-administered surveys were used to collect data. Based on the survey results, it is clear that the 14 GSCs currently do not adequately represent the applications complexity required to adjust function point counts. The current GSCs remain controversial and while this research can not conclusively state that one factor is more accurate than any other, it is evident that certain GSCs are perceived to he more useful for …

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The Development Of Laser Cost Estimating Relationships (Cers) From Commercial Data, Michael J. Nolette, Steven L. Seeley Sep 1999

The Development Of Laser Cost Estimating Relationships (Cers) From Commercial Data, Michael J. Nolette, Steven L. Seeley

Theses and Dissertations

The Post Cold War acquisition environment has been marked by significant budget reductions and the greater use of commercial practices. In this austere and rapidly changing acquisition environment, accurate cost estimates are paramount to maximize the use of the DoD's critical resources. The advancement of laser technology has spawned a large variety of military laser applications such as the Airborne Laser (ABL), Space Based Laser (SBL) and a host of other smaller programs. Furthermore, the Air Force Laboratory's Directed Energy Applications for Tactical Airborne Combat (DEATAC) Study (the sponsoring activity of this thesis research) is considering a host of airborne …

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Is The Term Premium A Risk Premium?, Louis H. Ederington, Jeremy C. Goh Sep 1999

Is The Term Premium A Risk Premium?, Louis H. Ederington, Jeremy C. Goh

Research Collection Lee Kong Chian School Of Business

This paper explores whether excess holding period returns on long vis-a-vis short-term securities behave in a manner that is consistent with (1) market efficiency, (2) the time-varying-term-premium variant of the expectations hypothesis, and (3) theories of the term premium that view it as a reward for risk bearing. Both traditional and modern theories of the term premium imply that it should evolve fairly slowly over time as attitudes toward risk and/or perceived covariances with wealth or consumption change. This implies that this period's term premium should have some predictive ability for next period's. However, we find that this quarter's ex-post …

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1999-2000 Operating Budget, Southern University System. Office Of Finance & Administration. Aug 1999

1999-2000 Operating Budget, Southern University System. Office Of Finance & Administration.

All Southern University System Budgets

The 1999-2000 Southern University Board and System Administration Operating Budget, Fiscal Year Ending June 30th 2000.

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1999-2000 Operating Budget, Southern University System. Office Of Finance & Administration. Aug 1999

1999-2000 Operating Budget, Southern University System. Office Of Finance & Administration.

All Southern University System Budgets

The Southern University and A & M College Operating Budget for the Fiscal Year 1999-2000.

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1990-2000 Operating Budget: Southern University Law Center, Southern University System. Office Of Finance & Administration. Aug 1999

1990-2000 Operating Budget: Southern University Law Center, Southern University System. Office Of Finance & Administration.

All Southern University System Budgets

The 1999-2000 Fiscal Year Operating Budget for the Southern University Law Center Campus.

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1999-2000 Operating Budget, Southern University System. Office Of Finance & Administration. Aug 1999

1999-2000 Operating Budget, Southern University System. Office Of Finance & Administration.

All Southern University System Budgets

The Southern University and A & M College, Operating Budget for the Fiscal Year 1999-2000.

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1999-2000 Operating Budget, Southern University System. Office Of Finance & Administration. Aug 1999

1999-2000 Operating Budget, Southern University System. Office Of Finance & Administration.

All Southern University System Budgets

The Southern University at Shreveport, Operating Budget for the Fiscal Year Ending June 30, 2000.

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Implementation Of An Activity-Based Costing System In An Air Force Laboratory Environment, Jayson M. Wrona, Martin Memminger Aug 1999

Implementation Of An Activity-Based Costing System In An Air Force Laboratory Environment, Jayson M. Wrona, Martin Memminger

Theses and Dissertations

The purpose of this study was to examine the initial implementation of an Activity Based Costing (ABC) system within the United States Air Force's Research Laboratories (AFRL). We were attempting to ascertain what the initial purposes for implementing ABC within AFRL were, then determine whether or not those goals were being attained. We also attempted to evaluate the current system's appropriateness for achieving those initial purposes. Finally, we provide suggested changes to the model and areas for future research. We noted problems with AFRL's current ABC system. We were able to condense the problem into two main categories. First, when …

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The Fundamental And Non-Fundamental Components Of Stock Prices: The Role Of Time-Varying Expected Inflation, Maosen Zhong Jul 1999

The Fundamental And Non-Fundamental Components Of Stock Prices: The Role Of Time-Varying Expected Inflation, Maosen Zhong

Doctoral Dissertations

I derive testable implications of fundamental and non-fundamental components of stock prices. In order to control for the role of time-varying expected inflation and to be able to perform reasonable empirical tests, I use a nominal (rather than a real) interpretation of the present-value model (PVM), whereby nominal interest rates approximate expected inflation. I conjecture that the fundamental and non-fundamental components represent the permanent and temporary components of stock prices, respectively. A series of cointegration analysis over the annual period 1871–1997 confirms my conjecture for the model with time-varying expected inflation. Various fundamental and non-fundamental exclusion tests indicate that both …

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The Impact Of The Packard Commission's Recommendations On Reducing Cost Overruns On Defense Acquisition Contracts, David S. Christensen, David A. Searle, Caisse Vickery Jul 1999

The Impact Of The Packard Commission's Recommendations On Reducing Cost Overruns On Defense Acquisition Contracts, David S. Christensen, David A. Searle, Caisse Vickery

Faculty Publications

Using data from selected acquisition reports, Drezner et al. (1993) show that reform initiatives from 1960 to 1990 did not reduce cost growth on 197 defense programs. The average cost growth on these programs was 20 percent and did not change significantly for 30 years. Using data from the Defense Acquisition Executive Summary data base, we show a similar result. Initiatives based on the recommendations of the Packard Commission did not reduce the average cost overrun percent experienced on 269 completed defense acquisition contracts evaluated over an 8-year period (1988 through 1995). In fact, the cost performance experienced on development …

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Regulation S: Offshore Equity Offerings, Marla Sue Howard Jul 1999

Regulation S: Offshore Equity Offerings, Marla Sue Howard

Theses and Dissertations in Business Administration

Raising capital in foreign capital markets is common in today's business environment. Investors are aware of the advantages of a globally diversified portfolio and seek overseas investments. The Securities & Exchange Commission (SEC) adopted Regulation S in the United States to clarify the extra-territorial application of the registration provisions of the 1933 Securities Act. The regulation allows companies listed on U.S. stock exchanges to expedite issuance of securities offshore by avoiding the lengthy registration process if the securities are intended to “rest abroad.” Characteristics of equity securities issued under Regulation S from November 18, 1996, the first date that disclosure …

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1998-1999 Operating Budget: Southern University At New Orleans, Southern University System. Office Of Finance & Administration. Jun 1999

1998-1999 Operating Budget: Southern University At New Orleans, Southern University System. Office Of Finance & Administration.

All Southern University System Budgets

1998-199 Operating Budget of the Southern University at New Orleans Campus. Final Printing.

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Managing Bank Service Quality: A Conceptual Model, Govender Krishna K Jun 1999

Managing Bank Service Quality: A Conceptual Model, Govender Krishna K

IIMB Management Review

The search for role models expresses not only the deep rooted desire to follow, but also the inherent desire to lead. The need for great heroes and transforming leaders like Gandhi and Mandela is felt much more strongly in the contemporary world. The model of leadership in existing literature has been used primarily to depict the process of managing rather than the process of transforming and leading. Asha Bhandarkar and Pritam Singh arrive at blueprints for leadership by studying the lives and work of transformational leaders.

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Quick Access: Find Statistical Data On The Internet, Di Su May 1999

Quick Access: Find Statistical Data On The Internet, Di Su

Publications and Research

In a typical business library, current or historical quotes on interest rates, foreign exchange rates, stocks, etc. are requested frequently. This article reviews and annotates a selected list of sources on the Internet that provide most popular statistical data in an accounting library.

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The Determinants Of Bid-Ask Spreads In The Foreign Exchange Futures Markets: A Microstructure Analysis, David K. Ding May 1999

The Determinants Of Bid-Ask Spreads In The Foreign Exchange Futures Markets: A Microstructure Analysis, David K. Ding

Research Collection Lee Kong Chian School Of Business

This paper investigates and analyzes the intraday and daily determinants of bid-ask spreads in the foreign exchange futures market. It is found that the number of transactions is negatively related to the BAS, whereas volatility in general is positively related to it. The study also finds that there are economies of scale in trading FXF contracts. The intraday BAS follows a U-shaped pattern, and they tend to be higher on Mondays and Tuesdays than on other days of the week. Higher spreads at the beginning and end of a trading day are consistent with the presence of adverse selection and …

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Just Say 'No', Mark S. Beasley, Joseph V. Carcello, Dana R. Hermanson May 1999

Just Say 'No', Mark S. Beasley, Joseph V. Carcello, Dana R. Hermanson

Faculty Articles

The article discusses the prevention of financial fraud within corporations and businesses in the United States. The types of individuals named in the U.S. Securities and Exchange Commission (SEC) files are examined. Different fraud techniques are looked at, including sham sales, the recording of conditional sales, and unauthorized shipments. The author discusses the status of firms after fraud disclosure and the implications it has for finance professionals.

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