Pub Date : 2019-06-26DOI: 10.11648/J.IJFBR.20190502.13
Jacob Akomeah, S. Frimpong
Working capital management plays a vital role in the success of businesses because of its effect on profitability. The purpose of this study is to examine the effect of working capital management on the profitability of listed manufacturing firms in Ghana. The study used secondary data collected from seven (7) manufacturing firms listed on the Ghana Stock Exchange for a period of ten years (2005-2014). The profitability as dependent variable was measured in terms of gross operating profit. The working capital was determined by Accounts Receivables Period, Accounts Payables Period, Inventory Conversion Period and Cash Conversion Cycle are used as independent variables. Moreover, current ratio used as liquidity indicator and firm size as measured by logarithm of sales are used as control variables. Data was analysed using the Fixed-Effects model of the Panel data regression. The regression results revealed that account receivables period (ARP) and inventory conversion period (ICP) days had a statistically significant negative impact on the profitability whiles account payables period (APP) days had insignificant positive effects on the profitability. The study, on the other hand found out that cash conversion cycle (CCC), current ratio (CR), and firm size (LOS) had a significant positive impact on the profitability. The study recommended that manufacturing firms should adopt efficient and effective ways of managing these components of working capital management.
{"title":"Effect of Working Capital Management on Profitability of Listed Manufacturing Companies in Ghana","authors":"Jacob Akomeah, S. Frimpong","doi":"10.11648/J.IJFBR.20190502.13","DOIUrl":"https://doi.org/10.11648/J.IJFBR.20190502.13","url":null,"abstract":"Working capital management plays a vital role in the success of businesses because of its effect on profitability. The purpose of this study is to examine the effect of working capital management on the profitability of listed manufacturing firms in Ghana. The study used secondary data collected from seven (7) manufacturing firms listed on the Ghana Stock Exchange for a period of ten years (2005-2014). The profitability as dependent variable was measured in terms of gross operating profit. The working capital was determined by Accounts Receivables Period, Accounts Payables Period, Inventory Conversion Period and Cash Conversion Cycle are used as independent variables. Moreover, current ratio used as liquidity indicator and firm size as measured by logarithm of sales are used as control variables. Data was analysed using the Fixed-Effects model of the Panel data regression. The regression results revealed that account receivables period (ARP) and inventory conversion period (ICP) days had a statistically significant negative impact on the profitability whiles account payables period (APP) days had insignificant positive effects on the profitability. The study, on the other hand found out that cash conversion cycle (CCC), current ratio (CR), and firm size (LOS) had a significant positive impact on the profitability. The study recommended that manufacturing firms should adopt efficient and effective ways of managing these components of working capital management.","PeriodicalId":425329,"journal":{"name":"International Journal of Finance and Banking Research","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134180503","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-13DOI: 10.11648/J.IJFBR.20190502.12
Joseph Asare
The importance of project finance in economic development cannot be underestimated. Currently, most developing economies are collaborating with private individual investors and organizations, as well as financial and none financial institutions to attain the desire level of development through business-projects implementation. However, typical of most business-project implemented in developing economies is the numerous risks associated with its financing activities. The term risk can be viewed as the chance of failure in achieving objectives or goals. Most importantly, risk is part of investing but it can be measured and managed within an investment portfolio and taking on some risk is necessary for higher returns. Also, taking on greater short-term risks may be necessary to receive the long-term returns needed to achieve a lifestyle goals and objectives. However, taking on too much risk may prove to be a mistake. It is important to note that every business-project requires a substantial amount of capital outlay from individuals, sponsors, organizations financial and none financial institutions and or government. This therefore call for a holistic study to be conducted to identify the prime risks of financing business-projects. This will help to provide thoughtful information on those risks to investors, sponsor, fund providers (individuals / financial institutions) and entrepreneurs with special interest in business-project financing. This study focused on the identification of the prime risks investors face in financing SMEs business-projects in developing economies. In this regard, the prime risks of financing SMEs business-project is the independent variable and business-project activities is the dependent variable. To measure the prime risk of financing SMEs projects in developing economies, this study dwelt on behavioral economics theory to identify what the study term as Idea Risk. The study also reviewed finance and financial management theories to identify what the study term as Competency Risks and Return on Investment Risks. Through this study, Business Idea Risk, Competency Risk and Return on Investment Risk have been identified as the prime risks of financing business-projects. This study has also developed a graphical model to present these prime risks, prove the inter-connectivity among the risks and as well demonstrate how they can collectively have negative impacts on business-projects.
{"title":"The Prime Risks of Financing Small and Medium Enterprise (SMEs) Business-Projects in Developing Economies","authors":"Joseph Asare","doi":"10.11648/J.IJFBR.20190502.12","DOIUrl":"https://doi.org/10.11648/J.IJFBR.20190502.12","url":null,"abstract":"The importance of project finance in economic development cannot be underestimated. Currently, most developing economies are collaborating with private individual investors and organizations, as well as financial and none financial institutions to attain the desire level of development through business-projects implementation. However, typical of most business-project implemented in developing economies is the numerous risks associated with its financing activities. The term risk can be viewed as the chance of failure in achieving objectives or goals. Most importantly, risk is part of investing but it can be measured and managed within an investment portfolio and taking on some risk is necessary for higher returns. Also, taking on greater short-term risks may be necessary to receive the long-term returns needed to achieve a lifestyle goals and objectives. However, taking on too much risk may prove to be a mistake. It is important to note that every business-project requires a substantial amount of capital outlay from individuals, sponsors, organizations financial and none financial institutions and or government. This therefore call for a holistic study to be conducted to identify the prime risks of financing business-projects. This will help to provide thoughtful information on those risks to investors, sponsor, fund providers (individuals / financial institutions) and entrepreneurs with special interest in business-project financing. This study focused on the identification of the prime risks investors face in financing SMEs business-projects in developing economies. In this regard, the prime risks of financing SMEs business-project is the independent variable and business-project activities is the dependent variable. To measure the prime risk of financing SMEs projects in developing economies, this study dwelt on behavioral economics theory to identify what the study term as Idea Risk. The study also reviewed finance and financial management theories to identify what the study term as Competency Risks and Return on Investment Risks. Through this study, Business Idea Risk, Competency Risk and Return on Investment Risk have been identified as the prime risks of financing business-projects. This study has also developed a graphical model to present these prime risks, prove the inter-connectivity among the risks and as well demonstrate how they can collectively have negative impacts on business-projects.","PeriodicalId":425329,"journal":{"name":"International Journal of Finance and Banking Research","volume":"256 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121240289","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-10DOI: 10.11648/J.IJFBR.20190502.11
C. Tang
The modern treasury system is the core component of the modern fiscal institution, but it draws little attention and is rarely discussed by domestic academics, until the now-present there still lacks of appropriate discourse. In practice, the functional imbalance of the current treasury system in China is very obvious. One prominent problem is the looseness and vulnerability of budget execution control, which has given rise to the ubiquitous phenomenon of public fund precipitation, frequent budgetary adjustment, tardy payment schedule, and cash rationing. Another problem is the high-level decentralization of government cash balance caused by indiscriminate special fiscal account setup，and the decentralization has greatly weakened the core functions of the national treasury. This paper will clarify two core propositions of institutional reform of the state treasury, including the whole-process budget execution control based on the expenditure cycle, and the government cash management based on the centralization of cash balances. It is expected to construct an appropriate framework of the assignment of power and responsibilities for the treasury system, and promote the deepen reform of the state treasury, building up the coordinating roles of the Ministry of Finance and the People’s Bank of China in the modern fiscal institution and supporting the modern treasury system functions.
{"title":"The Core Proposition of the Treasury Reform and Assignment of Power and Responsibility","authors":"C. Tang","doi":"10.11648/J.IJFBR.20190502.11","DOIUrl":"https://doi.org/10.11648/J.IJFBR.20190502.11","url":null,"abstract":"The modern treasury system is the core component of the modern fiscal institution, but it draws little attention and is rarely discussed by domestic academics, until the now-present there still lacks of appropriate discourse. In practice, the functional imbalance of the current treasury system in China is very obvious. One prominent problem is the looseness and vulnerability of budget execution control, which has given rise to the ubiquitous phenomenon of public fund precipitation, frequent budgetary adjustment, tardy payment schedule, and cash rationing. Another problem is the high-level decentralization of government cash balance caused by indiscriminate special fiscal account setup，and the decentralization has greatly weakened the core functions of the national treasury. This paper will clarify two core propositions of institutional reform of the state treasury, including the whole-process budget execution control based on the expenditure cycle, and the government cash management based on the centralization of cash balances. It is expected to construct an appropriate framework of the assignment of power and responsibilities for the treasury system, and promote the deepen reform of the state treasury, building up the coordinating roles of the Ministry of Finance and the People’s Bank of China in the modern fiscal institution and supporting the modern treasury system functions.","PeriodicalId":425329,"journal":{"name":"International Journal of Finance and Banking Research","volume":"233 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131544042","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-03-15DOI: 10.11648/J.IJFBR.20190501.11
Qiansheng Zhang, Sichuang Hu, Libo Chen, Ruixi Lin, Wan Zhang, Ruiying Shi
Many studies in recent years have shown that investor sentiment affects investor decision-making, which in turn affects stock market volatility and the direction of stock market prices. Since behavioral finance researchers find that linear combinations of stock turnover and popularity indices can greatly reflect stock investor sentiment, this paper aims to construct a new investor sentiment index that can be reasonably applied to predict stock market risk by selecting rational factors. A new investor sentiment index model is first proposed by combining specific monthly new account ratio (SNIA), monthly turnover rate (TOR), popularity index AR, delayed yield (DY) and using principal component analysis approach. Secondly, the indicator is statistically tested. The results of the correlation analysis show that the investor sentiment index is positively correlated with the monthly rate of return, and the result of causal analysis reveals that the investor sentiment index is the Granger cause of the change in yield. Thirdly, a new method is designed to predict the stock price trend by using the presented investor sentiment index. Finally, based on VaR and CoVaR model the investor sentiment index can be utilized to forecast and estimate of systematic risk in the bull or bear market.
{"title":"A New Investor Sentiment Index Model and Its Application in Stock Price Prediction and Systematic Risk Estimation of Bull and Bear Market","authors":"Qiansheng Zhang, Sichuang Hu, Libo Chen, Ruixi Lin, Wan Zhang, Ruiying Shi","doi":"10.11648/J.IJFBR.20190501.11","DOIUrl":"https://doi.org/10.11648/J.IJFBR.20190501.11","url":null,"abstract":"Many studies in recent years have shown that investor sentiment affects investor decision-making, which in turn affects stock market volatility and the direction of stock market prices. Since behavioral finance researchers find that linear combinations of stock turnover and popularity indices can greatly reflect stock investor sentiment, this paper aims to construct a new investor sentiment index that can be reasonably applied to predict stock market risk by selecting rational factors. A new investor sentiment index model is first proposed by combining specific monthly new account ratio (SNIA), monthly turnover rate (TOR), popularity index AR, delayed yield (DY) and using principal component analysis approach. Secondly, the indicator is statistically tested. The results of the correlation analysis show that the investor sentiment index is positively correlated with the monthly rate of return, and the result of causal analysis reveals that the investor sentiment index is the Granger cause of the change in yield. Thirdly, a new method is designed to predict the stock price trend by using the presented investor sentiment index. Finally, based on VaR and CoVaR model the investor sentiment index can be utilized to forecast and estimate of systematic risk in the bull or bear market.","PeriodicalId":425329,"journal":{"name":"International Journal of Finance and Banking Research","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128379120","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2014-10-29DOI: 10.11648/J.IJEFM.20140205.13
Yimka S. A. Alalade, Babatunde Babasola Onadeko, O. Okezie
Nigerian companies adopted the code of best practice on corporate governance in 2003, through which private and public firms are mandated to operate accordingly. Many companies have complied while some have failed to so. This study examined corporate governance practices eight years after (2010), given the instability in the political and economic environment under which they operated. The study also examined the relationship between corporate governance practices and firms’ financial performance in the selected manufacturing companies in Lagos State, Nigeria. The study employed a comparative analysis to gauge the changes to corporate governance practice between the years 2003 to 2010 by manufacturing companies. The companies were selected based on availability of data from the stock exchange in terms of activities of trading and existence of reports on corporate governance in the companies’ annual reports. The study used both descriptive statistics and econometrics method of analysis, using E-views 7 statistical software. The Panel data of the ten companies for the 8 years was used, employing ordinary least square (OLS) method of analysis. Consequently, the results of the descriptive statistics show that majority of the companies implemented the code of conduct that emphasizes appropriate composition of the board of directors and forecast of operations. Further analysis shows that there was positive relationship between the return of equity and legal compliance, though the relationship is weak given the value of R as 0.197. Also, there were weak relationships between return on equity (ROE) and board compliance as R = -0.4430 and proactive indicators R as - 0.2345. These imply that while the companies obey the regulations in term of board composition, legal compliance and production projections, which are the major concerns of this study. Meanwhile, some other variables impacted more on ROE.
{"title":"Corporate Governance Practices and Firms’ Financial Performance of Selected Manufacturing Companies in Lagos State, Nigeria","authors":"Yimka S. A. Alalade, Babatunde Babasola Onadeko, O. Okezie","doi":"10.11648/J.IJEFM.20140205.13","DOIUrl":"https://doi.org/10.11648/J.IJEFM.20140205.13","url":null,"abstract":"Nigerian companies adopted the code of best practice on corporate governance in 2003, through which private and public firms are mandated to operate accordingly. Many companies have complied while some have failed to so. This study examined corporate governance practices eight years after (2010), given the instability in the political and economic environment under which they operated. The study also examined the relationship between corporate governance practices and firms’ financial performance in the selected manufacturing companies in Lagos State, Nigeria. The study employed a comparative analysis to gauge the changes to corporate governance practice between the years 2003 to 2010 by manufacturing companies. The companies were selected based on availability of data from the stock exchange in terms of activities of trading and existence of reports on corporate governance in the companies’ annual reports. The study used both descriptive statistics and econometrics method of analysis, using E-views 7 statistical software. The Panel data of the ten companies for the 8 years was used, employing ordinary least square (OLS) method of analysis. Consequently, the results of the descriptive statistics show that majority of the companies implemented the code of conduct that emphasizes appropriate composition of the board of directors and forecast of operations. Further analysis shows that there was positive relationship between the return of equity and legal compliance, though the relationship is weak given the value of R as 0.197. Also, there were weak relationships between return on equity (ROE) and board compliance as R = -0.4430 and proactive indicators R as - 0.2345. These imply that while the companies obey the regulations in term of board composition, legal compliance and production projections, which are the major concerns of this study. Meanwhile, some other variables impacted more on ROE.","PeriodicalId":425329,"journal":{"name":"International Journal of Finance and Banking Research","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-10-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122217773","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.11648/j.ijfbr.20220802.11
Ayed Ahmad Khalifah Aizyadat
{"title":"The Impact of Boards of Directors’ Characteristics on Cash Holdings","authors":"Ayed Ahmad Khalifah Aizyadat","doi":"10.11648/j.ijfbr.20220802.11","DOIUrl":"https://doi.org/10.11648/j.ijfbr.20220802.11","url":null,"abstract":"","PeriodicalId":425329,"journal":{"name":"International Journal of Finance and Banking Research","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123857680","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.11648/j.ijfbr.20220801.13
Oru Anthony Odu, Ubana Ubi Iwara, Eja-Osang Joseph
{"title":"Impact of Insurance Companies Investment on Bank Liquidity and Economic Growth of Nigeria","authors":"Oru Anthony Odu, Ubana Ubi Iwara, Eja-Osang Joseph","doi":"10.11648/j.ijfbr.20220801.13","DOIUrl":"https://doi.org/10.11648/j.ijfbr.20220801.13","url":null,"abstract":"","PeriodicalId":425329,"journal":{"name":"International Journal of Finance and Banking Research","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121728471","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
: The importance of an optimally operation of the banking sector in any society cannot be over-emphasized thus the need for the government to pay particular attention on the operation and sustainability of the banking sector. However, the banking industry's services are highly volatile, and the sector's existence exposes it to numerous risks. Since deposit money banks are at the core of financial activity regulation, they are often exposed to threats and uncertainties which has unfavorable effect on their performance. The study examined the relationship between financial risk and bank performance of deposit money banks in Nigeria. A total of 11 deposit money banks were purposively selected for a period of 10 years (2010-2020). Relevant information for our analysis were obtained from the audited report of the selected banks. These data sources were seen to be appropriate for this study because have been validated by external auditors and relevant regulatory agencies. Ex-post facto research design was adjudged the appropriate design for the study. From our result we identified that financial risk has no momentous effect on return on equity of deposit money banks in Nigeria, Adj. R 2 = 0.0077, F(4, 116) = 1.23, P > .05). When the variables of financial risk were regressed against the variables of performances, the result indicated that financial risk variables jointly and significantly affected performances of deposit money banks in Nigeria, Adj. R 2 = 0.0672, F(4, 116) = 44.08, P < .05). Based on the findings we concluded that risk has a momentous effect on the performance of deposit money banks in Nigeria. The study recommended that credit risk assessment processes should be more intensified to reduce the value and volume of non-performing loans in the banks. A reduction in non-performing will result to an increase in the total asset of the bank and result to increase in interest income which as a positive effect on both the top line and bottom line of the bank.
在任何社会中，银行部门的最佳运作的重要性怎么强调都不为过，因此政府需要特别关注银行部门的运作和可持续性。然而，银行业的服务是高度不稳定的，该行业的存在使其面临许多风险。由于存款银行处于金融活动监管的核心地位，存款银行经常面临威胁和不确定性，这对其绩效产生不利影响。本研究考察了尼日利亚存款银行的财务风险与银行绩效之间的关系。有针对性地选取了11家存款货币银行，时间为10年(2010-2020年)。我们分析的相关信息来自所选银行的审计报告。这些数据来源被认为是适合本研究的，因为它们已被外部审计员和相关监管机构验证。事后研究设计被认为是适合本研究的设计。从我们的结果中，我们发现金融风险对尼日利亚存款货币银行的股本回报率没有显著影响(Adj. R 2 = 0.0077, F(4,116) = 1.23, P > 0.05)。将金融风险变量与绩效变量进行回归，结果表明，金融风险变量共同显著影响尼日利亚储蓄货币银行的绩效(Adj. R 2 = 0.0672, F(4,116) = 44.08, P < 0.05)。根据研究结果，我们得出结论，风险对尼日利亚存款银行的业绩有重大影响。该研究建议，应加强信贷风险评估过程，以减少银行不良贷款的价值和数量。不良资产的减少将导致银行总资产的增加，从而导致利息收入的增加，这对银行的顶线和底线都有积极的影响。
{"title":"An Empirical Investigation into the Relationship Between Financial Risk and Bank Performance","authors":"Akodu Ayomide Emmanuel, Nwaobia, Apollos Nwabuisi, Owolabi Sunday Alao","doi":"10.11648/j.ijfbr.20220802.13","DOIUrl":"https://doi.org/10.11648/j.ijfbr.20220802.13","url":null,"abstract":": The importance of an optimally operation of the banking sector in any society cannot be over-emphasized thus the need for the government to pay particular attention on the operation and sustainability of the banking sector. However, the banking industry's services are highly volatile, and the sector's existence exposes it to numerous risks. Since deposit money banks are at the core of financial activity regulation, they are often exposed to threats and uncertainties which has unfavorable effect on their performance. The study examined the relationship between financial risk and bank performance of deposit money banks in Nigeria. A total of 11 deposit money banks were purposively selected for a period of 10 years (2010-2020). Relevant information for our analysis were obtained from the audited report of the selected banks. These data sources were seen to be appropriate for this study because have been validated by external auditors and relevant regulatory agencies. Ex-post facto research design was adjudged the appropriate design for the study. From our result we identified that financial risk has no momentous effect on return on equity of deposit money banks in Nigeria, Adj. R 2 = 0.0077, F(4, 116) = 1.23, P > .05). When the variables of financial risk were regressed against the variables of performances, the result indicated that financial risk variables jointly and significantly affected performances of deposit money banks in Nigeria, Adj. R 2 = 0.0672, F(4, 116) = 44.08, P < .05). Based on the findings we concluded that risk has a momentous effect on the performance of deposit money banks in Nigeria. The study recommended that credit risk assessment processes should be more intensified to reduce the value and volume of non-performing loans in the banks. A reduction in non-performing will result to an increase in the total asset of the bank and result to increase in interest income which as a positive effect on both the top line and bottom line of the bank.","PeriodicalId":425329,"journal":{"name":"International Journal of Finance and Banking Research","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125937273","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.11648/j.ijfbr.20210706.11
Gibrework Hunibachew
{"title":"The Effect of Monetary Policy on Economic Growth in Ethiopia","authors":"Gibrework Hunibachew","doi":"10.11648/j.ijfbr.20210706.11","DOIUrl":"https://doi.org/10.11648/j.ijfbr.20210706.11","url":null,"abstract":"","PeriodicalId":425329,"journal":{"name":"International Journal of Finance and Banking Research","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124604620","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.11648/j.ijfbr.20220802.14
Ilaz Ameti, Naser Ameti, Xhelal Luma, Jerina Vukaj Nazaj
{"title":"Organization of Small and Medium Enterprises in the Republic of Northern Macedonia","authors":"Ilaz Ameti, Naser Ameti, Xhelal Luma, Jerina Vukaj Nazaj","doi":"10.11648/j.ijfbr.20220802.14","DOIUrl":"https://doi.org/10.11648/j.ijfbr.20220802.14","url":null,"abstract":"","PeriodicalId":425329,"journal":{"name":"International Journal of Finance and Banking Research","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114648806","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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