Pub Date : 2021-04-23DOI: 10.11648/J.JIM.20211001.13
Nya’akunat Elisha-Hosea Batat, E. Ahmadu
Having reviewed previous empirical studies on the relationship between foreign direct investment and economic growth, limited attention was given on the role of exchange rate on the relationship between foreign direct investment and economic growth. Therefore this study investigates the role of exchange rate on the relationship between foreign direct investment and economic growth over the period 1986 to 2018 using annual time series data sourced from the Central Bank of Nigeria Statistical Bulletin. Augmented Dicker-fuller Unit Root Test and ARDL model were used for the analyses. The ARDL Bounds test to cointegration revealed that economic growth, foreign direct investment, export, import and exchange rate do not have long run relationship over the period under study. The results showed that foreign direct investment has positive relationship with economic growth at maximum, average and minimum level of exchange rate but the relationship is only significant at maximum level over the period under study. This means that at maximum level of exchange rate, an increase in foreign direct investment will lead to a risein economic growth. The results also showed that export has significant positive relationship with economic growth meaning that an increase in export will lead to a rise in economic growth while import showed insignificant negative relationship with economic growth. Based on the results, the study recommended that further depreciation of Nigeria’s currency should be encourage so as to allow more inflow of foreign direct investment considering its positive impact on economic growth while the Nigerian Government is encouraged to design and implement policies that will spur export by eliminating stringent excise duties and discouraging import which exerts negative influence on economic growth.
{"title":"Nexus Between Foreign Direct Investment and Economic Growth in Nigeria: The Role of Exchange Rate","authors":"Nya’akunat Elisha-Hosea Batat, E. Ahmadu","doi":"10.11648/J.JIM.20211001.13","DOIUrl":"https://doi.org/10.11648/J.JIM.20211001.13","url":null,"abstract":"Having reviewed previous empirical studies on the relationship between foreign direct investment and economic growth, limited attention was given on the role of exchange rate on the relationship between foreign direct investment and economic growth. Therefore this study investigates the role of exchange rate on the relationship between foreign direct investment and economic growth over the period 1986 to 2018 using annual time series data sourced from the Central Bank of Nigeria Statistical Bulletin. Augmented Dicker-fuller Unit Root Test and ARDL model were used for the analyses. The ARDL Bounds test to cointegration revealed that economic growth, foreign direct investment, export, import and exchange rate do not have long run relationship over the period under study. The results showed that foreign direct investment has positive relationship with economic growth at maximum, average and minimum level of exchange rate but the relationship is only significant at maximum level over the period under study. This means that at maximum level of exchange rate, an increase in foreign direct investment will lead to a risein economic growth. The results also showed that export has significant positive relationship with economic growth meaning that an increase in export will lead to a rise in economic growth while import showed insignificant negative relationship with economic growth. Based on the results, the study recommended that further depreciation of Nigeria’s currency should be encourage so as to allow more inflow of foreign direct investment considering its positive impact on economic growth while the Nigerian Government is encouraged to design and implement policies that will spur export by eliminating stringent excise duties and discouraging import which exerts negative influence on economic growth.","PeriodicalId":42560,"journal":{"name":"Journal of Investment Management","volume":"10 1","pages":"13"},"PeriodicalIF":0.8,"publicationDate":"2021-04-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48189586","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 : 2021-04-16DOI: 10.11648/J.JIM.20211001.12
O. Eunice
The paper examined the accounting quality in the financial statement, concerning earnings management practices by managers. The financial statements provide critical information that is useful to various groups, investors, standard setters, shareholders and government. The practices of various methods of earnings management are classified into accounting-based and market- based earnings management. The study classified the earnings management techniques in various ways that affect the quality of financial statements in the pre and post-IFRS adoption. The introduction of IFRS and its accompanying standards in the area of earnings management might imply real improvements in the financial statements about the quality. The earnings management techniques include the following: earnings management towards a target, earnings smoothing, discretionary accruals, accruals quality, and timely loss recognition as against other proxies of accounting quality. These are opportunities managers have to get quality Financial Statements that accomplish their intentions. The essence is that they use them to achieve their objectives either getting the desired level of profit or not recording losses for the business. The review results are that in the pre-IFRS the earnings management in use was the accrual-based earnings technique in which managers adjust assumptions and estimates the accounting system. In the post-IFRS, managers revert to real transactions based earnings management which involves the timing and structuring actual business activities to achieve a desired financial reporting result (for example, the timing of the sale of equipment that will result in a gain in a quarter in which extra earnings are needed, delaying major repairs, advertising, research, and development expenses write–off, and foregoing capital projects that positive net present value).
{"title":"A Review of Management Earning and Real Transaction Manipulations Pre and Post IFRS Adoption in Nigeria","authors":"O. Eunice","doi":"10.11648/J.JIM.20211001.12","DOIUrl":"https://doi.org/10.11648/J.JIM.20211001.12","url":null,"abstract":"The paper examined the accounting quality in the financial statement, concerning earnings management practices by managers. The financial statements provide critical information that is useful to various groups, investors, standard setters, shareholders and government. The practices of various methods of earnings management are classified into accounting-based and market- based earnings management. The study classified the earnings management techniques in various ways that affect the quality of financial statements in the pre and post-IFRS adoption. The introduction of IFRS and its accompanying standards in the area of earnings management might imply real improvements in the financial statements about the quality. The earnings management techniques include the following: earnings management towards a target, earnings smoothing, discretionary accruals, accruals quality, and timely loss recognition as against other proxies of accounting quality. These are opportunities managers have to get quality Financial Statements that accomplish their intentions. The essence is that they use them to achieve their objectives either getting the desired level of profit or not recording losses for the business. The review results are that in the pre-IFRS the earnings management in use was the accrual-based earnings technique in which managers adjust assumptions and estimates the accounting system. In the post-IFRS, managers revert to real transactions based earnings management which involves the timing and structuring actual business activities to achieve a desired financial reporting result (for example, the timing of the sale of equipment that will result in a gain in a quarter in which extra earnings are needed, delaying major repairs, advertising, research, and development expenses write–off, and foregoing capital projects that positive net present value).","PeriodicalId":42560,"journal":{"name":"Journal of Investment Management","volume":"10 1","pages":"8"},"PeriodicalIF":0.8,"publicationDate":"2021-04-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46525267","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 : 2021-01-01DOI: 10.11648/j.jim.20211004.11
Ferede Mengistie Alemu
{"title":"Drivers of Deposit Mobilization in Private Commercial Banks of Ethiopia","authors":"Ferede Mengistie Alemu","doi":"10.11648/j.jim.20211004.11","DOIUrl":"https://doi.org/10.11648/j.jim.20211004.11","url":null,"abstract":"","PeriodicalId":42560,"journal":{"name":"Journal of Investment Management","volume":"1 1","pages":""},"PeriodicalIF":0.8,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"64819018","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 : 2020-08-26DOI: 10.11648/J.JIM.20200903.11
Tensae Adane, Sisay Debebe
Enhancement of service delivery quality is crucial for any organization not only to realize the vision and mission but also to remain competitors in any business. To this end, this study aims to assess the effect of service quality on customer satisfaction at the federal attorney general of Ethiopia. In order to achieve this goal, a total of 110 representative customers selected based on a multi-stage sampling procedure. Descriptive statistics, Pearson correlation, and multiple regression model techniques were applied to analyze the collected primary data using a structured questionnaire. The finding shows that all five service quality dimensions (empathy, assurance, reliability, responsiveness, and tangibility) are highly correlated with customer satisfaction. The result of the model shows that frequency of service delivery, empathy, tangibility, and assurance services have a positive and statistically significant effect on the enhancement of service quality delivery and hence lead to attainments of overall customer satisfaction. Based on the findings of the study, the researcher recommended the attorneys to provide special attention for enhancing empathy, tangibility, and assurance services through designing practical enhancement short and long term plans.
{"title":"The Effect of Service Quality on Customer Satisfaction at Federal Attorney General of Ethiopia","authors":"Tensae Adane, Sisay Debebe","doi":"10.11648/J.JIM.20200903.11","DOIUrl":"https://doi.org/10.11648/J.JIM.20200903.11","url":null,"abstract":"Enhancement of service delivery quality is crucial for any organization not only to realize the vision and mission but also to remain competitors in any business. To this end, this study aims to assess the effect of service quality on customer satisfaction at the federal attorney general of Ethiopia. In order to achieve this goal, a total of 110 representative customers selected based on a multi-stage sampling procedure. Descriptive statistics, Pearson correlation, and multiple regression model techniques were applied to analyze the collected primary data using a structured questionnaire. The finding shows that all five service quality dimensions (empathy, assurance, reliability, responsiveness, and tangibility) are highly correlated with customer satisfaction. The result of the model shows that frequency of service delivery, empathy, tangibility, and assurance services have a positive and statistically significant effect on the enhancement of service quality delivery and hence lead to attainments of overall customer satisfaction. Based on the findings of the study, the researcher recommended the attorneys to provide special attention for enhancing empathy, tangibility, and assurance services through designing practical enhancement short and long term plans.","PeriodicalId":42560,"journal":{"name":"Journal of Investment Management","volume":"9 1","pages":"63"},"PeriodicalIF":0.8,"publicationDate":"2020-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48928460","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 : 2020-08-05DOI: 10.11648/j.jim.20200902.12
K. Degefa, Getachew Biru, Galmessa Abebe
The study is to describe the marketing system of inputs and outputs; identify weather there is marketing system inefficiencies and integration in inputs and outputs of maize and tomato marketing system in Bako Tibe and Guto Gida districts. From the result, there is an information gap with and among producers, Development Agents, input suppliers, traders, and consumers. The majority of the producers preferred cooperatives to sell their products. According to producers’ reported disease, low price of grain, poor market linkage, shortage of chemicals and unlicensed traders were the major challenges in both maize and tomato production. Shortage of inputs, farmers reluctant to buy inputs, high competition unlicensed traders, weak government support, and shortage of storage were the main challenges in input supply while low quality with poor awareness, low supply, unlicensed traders, brokers and demand fluctuations were also major challenges in traders. Enhancing the technical knowledge and skill of farmers, Development Agents, input suppliers, and buyers need the training to provide effective enabling service to increase market efficiency among the actors. Besides, build the capacity of farmer’s cooperatives in value chains of inputs and outputs, considering market-oriented extension service and improving the enabling environment in promoting competition in agribusiness marketing efficiency.
{"title":"Input-output Market Information Access and Methods of Selling Maize and Tomato Products in Bako Tibe and Guto Gida Districts, Ethiopia","authors":"K. Degefa, Getachew Biru, Galmessa Abebe","doi":"10.11648/j.jim.20200902.12","DOIUrl":"https://doi.org/10.11648/j.jim.20200902.12","url":null,"abstract":"The study is to describe the marketing system of inputs and outputs; identify weather there is marketing system inefficiencies and integration in inputs and outputs of maize and tomato marketing system in Bako Tibe and Guto Gida districts. From the result, there is an information gap with and among producers, Development Agents, input suppliers, traders, and consumers. The majority of the producers preferred cooperatives to sell their products. According to producers’ reported disease, low price of grain, poor market linkage, shortage of chemicals and unlicensed traders were the major challenges in both maize and tomato production. Shortage of inputs, farmers reluctant to buy inputs, high competition unlicensed traders, weak government support, and shortage of storage were the main challenges in input supply while low quality with poor awareness, low supply, unlicensed traders, brokers and demand fluctuations were also major challenges in traders. Enhancing the technical knowledge and skill of farmers, Development Agents, input suppliers, and buyers need the training to provide effective enabling service to increase market efficiency among the actors. Besides, build the capacity of farmer’s cooperatives in value chains of inputs and outputs, considering market-oriented extension service and improving the enabling environment in promoting competition in agribusiness marketing efficiency.","PeriodicalId":42560,"journal":{"name":"Journal of Investment Management","volume":"9 1","pages":"47"},"PeriodicalIF":0.8,"publicationDate":"2020-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41561713","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 : 2020-08-05DOI: 10.11648/j.jim.20200902.13
Asfaw Negesse Senbeta
The Government of Ethiopia focuses on Agricultural Commercialization to meet the challenge of improving rural incomes by introducing Agricultural commercialization cluster. However, there are no adequate studies on level of commercialization and factors affecting Farmers’ potato commercialization in Kofale District. This study was aimed to identify level and factors affecting farmers’ level of potato commercialization. A two stage random sampling procedure was used to select 150 sample households potato producer. Descriptive statistics and econometric model were used to analyze the data. About 18% of sample farm households were low level of commercialization, about 15% medium and about 67% of them categorized under high level of commercialization. Truncated model was used in the econometric analysis. Education status, land allocated for Potato production and Access to market information influenced level of potato commercialization positively and significantly. The study indicated that the government, stakeholders and concerned bodies need to focus on facilitating farmers to participate education by providing adult education and extension based education, strengthening the existing livestock providing improved health services and better livestock feed (forage), improve productivity of land by providing technology and disseminate market information to producers so as to improve intensity of potato commercialization.
{"title":"Factors Affecting Level of Potato Commercialization in Kofale District, West Arsi Zone, Oromia Regional State, Ethiopia","authors":"Asfaw Negesse Senbeta","doi":"10.11648/j.jim.20200902.13","DOIUrl":"https://doi.org/10.11648/j.jim.20200902.13","url":null,"abstract":"The Government of Ethiopia focuses on Agricultural Commercialization to meet the challenge of improving rural incomes by introducing Agricultural commercialization cluster. However, there are no adequate studies on level of commercialization and factors affecting Farmers’ potato commercialization in Kofale District. This study was aimed to identify level and factors affecting farmers’ level of potato commercialization. A two stage random sampling procedure was used to select 150 sample households potato producer. Descriptive statistics and econometric model were used to analyze the data. About 18% of sample farm households were low level of commercialization, about 15% medium and about 67% of them categorized under high level of commercialization. Truncated model was used in the econometric analysis. Education status, land allocated for Potato production and Access to market information influenced level of potato commercialization positively and significantly. The study indicated that the government, stakeholders and concerned bodies need to focus on facilitating farmers to participate education by providing adult education and extension based education, strengthening the existing livestock providing improved health services and better livestock feed (forage), improve productivity of land by providing technology and disseminate market information to producers so as to improve intensity of potato commercialization.","PeriodicalId":42560,"journal":{"name":"Journal of Investment Management","volume":"9 1","pages":"56"},"PeriodicalIF":0.8,"publicationDate":"2020-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46772761","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 : 2020-05-29DOI: 10.11648/J.JIM.20200902.11
Tran Duc Can, Nguyen Huu Xuyen, N. Minh, P. Hà, N. H. Anh, N. T. Huong
Supporting enterprises to master technology plays an important role in enhancing endogenous technological capacity of enterprises and promoting economic development based on science, technology and innovation. In Vietnam, the Government has paid attention and put priorities on supporting enterprises to improve their technological mastery. However, the technological level of Vietnamese enterprises is still low, negatively affecting the position and competitiveness of enterprises as well as economic development of the country. Based on assessment of the current status of technology mastering support policies, this paper proposes policy recommendations on improving technology mastery of enterprises in accordance with Vietnam's conditions in the context of the fourth industrial revolution. The research conducted a survey to investigate enterprises most of whom are in the mechanical industry to collect information on the current situation of enterprises’ technology and their benefits from supporting policies on enterprises’ technology mastery. Questionnaires were sent to 132 enterprises with 89 responses. Based on survey results, the authors suggest that the Vietnamese Government should create favorable conditions for enterprises to set up a research and development department in order to accelerate the process of research, improvement, decoding, mastering and innovation of technologies; support businesses in seeking technological information, improving the procedures of credit incentives for businesses in technology innovation and transfer, improving the capacity of human resources to master and apply scientific and technological advances; and create a more favorable legal corridor to accelerate the process of applying technologies of the fourth industrial revolution into production and business.
{"title":"Vietnam's Policy on Supporting Enterprises in Technology Mastering in the Fourth Industrial Revolution","authors":"Tran Duc Can, Nguyen Huu Xuyen, N. Minh, P. Hà, N. H. Anh, N. T. Huong","doi":"10.11648/J.JIM.20200902.11","DOIUrl":"https://doi.org/10.11648/J.JIM.20200902.11","url":null,"abstract":"Supporting enterprises to master technology plays an important role in enhancing endogenous technological capacity of enterprises and promoting economic development based on science, technology and innovation. In Vietnam, the Government has paid attention and put priorities on supporting enterprises to improve their technological mastery. However, the technological level of Vietnamese enterprises is still low, negatively affecting the position and competitiveness of enterprises as well as economic development of the country. Based on assessment of the current status of technology mastering support policies, this paper proposes policy recommendations on improving technology mastery of enterprises in accordance with Vietnam's conditions in the context of the fourth industrial revolution. The research conducted a survey to investigate enterprises most of whom are in the mechanical industry to collect information on the current situation of enterprises’ technology and their benefits from supporting policies on enterprises’ technology mastery. Questionnaires were sent to 132 enterprises with 89 responses. Based on survey results, the authors suggest that the Vietnamese Government should create favorable conditions for enterprises to set up a research and development department in order to accelerate the process of research, improvement, decoding, mastering and innovation of technologies; support businesses in seeking technological information, improving the procedures of credit incentives for businesses in technology innovation and transfer, improving the capacity of human resources to master and apply scientific and technological advances; and create a more favorable legal corridor to accelerate the process of applying technologies of the fourth industrial revolution into production and business.","PeriodicalId":42560,"journal":{"name":"Journal of Investment Management","volume":"9 1","pages":"40"},"PeriodicalIF":0.8,"publicationDate":"2020-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45001878","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 : 2020-02-04DOI: 10.11648/J.JIM.20200901.13
Fentaw Leykun
This paper has been ignited as a result of the current privatization movement by the Ethiopian government straight away as soon as the new prime minister comes into the position. The main motive of the government, behind the decision to privatize public enterprise to the local and foreign investor, was, inter alia, to limit government’s participation in the manufacturing and service sectors of the economy so as to transfer the scarce resources from owned by inefficient public sector enterprises to efficient private entrepreneurs and to re-deploy such resources in higher prioritize and efficient private enterprises and to meet poverty reduction programs in a given economy, and thereby increase foreign exchange and alleviate the problem of good governance. In line with this agenda, various privatization modalities, theoretical debates, and arguments on such a privatization, and the various business valuation approaches have been critically reviewed via considering the current political and economic conditions of the country, and finally, contextual privatization strategies and business valuation methods have been implied at least to fairly redistribute wealth, institutionalize stock market and mitigate the common mistakes in the process of privatization of such public companies.
{"title":"Privatization Modalities and Business Valuation: An Ethiopian Focus","authors":"Fentaw Leykun","doi":"10.11648/J.JIM.20200901.13","DOIUrl":"https://doi.org/10.11648/J.JIM.20200901.13","url":null,"abstract":"This paper has been ignited as a result of the current privatization movement by the Ethiopian government straight away as soon as the new prime minister comes into the position. The main motive of the government, behind the decision to privatize public enterprise to the local and foreign investor, was, inter alia, to limit government’s participation in the manufacturing and service sectors of the economy so as to transfer the scarce resources from owned by inefficient public sector enterprises to efficient private entrepreneurs and to re-deploy such resources in higher prioritize and efficient private enterprises and to meet poverty reduction programs in a given economy, and thereby increase foreign exchange and alleviate the problem of good governance. In line with this agenda, various privatization modalities, theoretical debates, and arguments on such a privatization, and the various business valuation approaches have been critically reviewed via considering the current political and economic conditions of the country, and finally, contextual privatization strategies and business valuation methods have been implied at least to fairly redistribute wealth, institutionalize stock market and mitigate the common mistakes in the process of privatization of such public companies.","PeriodicalId":42560,"journal":{"name":"Journal of Investment Management","volume":" ","pages":"12"},"PeriodicalIF":0.8,"publicationDate":"2020-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47589476","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 : 2020-01-10DOI: 10.11648/J.JIM.20200901.12
Mezgebu Aynalem
The result of this study was analyzing the market chain of wheat in Debre Elias woreda. Specifically aims to analyze the market structure-conduct-performance of wheat market. To collect primary data, 154 wheat producers were selected using simple random sampling method and 31 traders were selected purposively. To address the objectives of the study, descriptive statistics were used. The result indicated that Debre Elias wheat market was inefficient, characterized by oligopolistic market structure. The major barrier to enter into the market was shortage of capital. Licensing and years of trading experience did not hinder entry into wheat trading activities. Moreover, the markets were overwhelmed by information asymmetry with low degree of market transparency. Problems like oligopolistic market structure and information asymmetry made the trading business uncompetitive and inefficient. The study recommends the agricultural sector should improve wheat production capacity by providing new technologies and create stablemarket system for farmer’s surplus production.
这项研究的结果是分析了Debre Elias wooreda的小麦市场链。具体目的是分析小麦市场的市场结构-行为-绩效。为收集原始数据，采用简单随机抽样法选取了154家小麦生产企业和31家有目的的贸易商。为了达到研究的目的，我们使用了描述性统计。结果表明，德布雷加斯小麦市场效率低下，具有寡头垄断的市场结构特征。进入市场的主要障碍是资金短缺。许可证和多年的交易经验并没有阻碍进入小麦交易活动。此外，市场充斥着信息不对称，市场透明度低。寡头垄断的市场结构和信息不对称等问题使交易业务缺乏竞争力，效率低下。该研究建议农业部门应该通过提供新技术和为农民的剩余生产创造稳定的市场体系来提高小麦生产能力。
{"title":"Marketing Channel and Margin Analysis of Wheat the Case of Debre Elias Woreda, North Western Ethiopia","authors":"Mezgebu Aynalem","doi":"10.11648/J.JIM.20200901.12","DOIUrl":"https://doi.org/10.11648/J.JIM.20200901.12","url":null,"abstract":"The result of this study was analyzing the market chain of wheat in Debre Elias woreda. Specifically aims to analyze the market structure-conduct-performance of wheat market. To collect primary data, 154 wheat producers were selected using simple random sampling method and 31 traders were selected purposively. To address the objectives of the study, descriptive statistics were used. The result indicated that Debre Elias wheat market was inefficient, characterized by oligopolistic market structure. The major barrier to enter into the market was shortage of capital. Licensing and years of trading experience did not hinder entry into wheat trading activities. Moreover, the markets were overwhelmed by information asymmetry with low degree of market transparency. Problems like oligopolistic market structure and information asymmetry made the trading business uncompetitive and inefficient. The study recommends the agricultural sector should improve wheat production capacity by providing new technologies and create stablemarket system for farmer’s surplus production.","PeriodicalId":42560,"journal":{"name":"Journal of Investment Management","volume":"9 1","pages":"12"},"PeriodicalIF":0.8,"publicationDate":"2020-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44230210","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 : 2020-01-09DOI: 10.11648/J.JIM.20200901.11
Wassihun Gebreegizaber Woldesenbet, T. Worku, Bekalu Wachiso Gichamo
Private investment is one of the prominent approaches to local economic development. The focus of this study is the exploration of the political elements of private investment in local economic development activities in the backgrounds of local governance. A combination of quantitative and qualitative research methods challenged the idea that private investment, considered economically, contributes to local economic development, an assumption that isolates private investment from the surrounding environments. Therefore, the study found out that private investment in Gurage Zone has been showing an inconsistent trend in terms of its contribution to land development, employment creation, and capital generation. This inconsistency is reflective of the nature of private investment which is a depoliticized, delocalized, and de-bureaucratized program highly isolated from the local realities. This again is related to the detrimental effect of local governance structure which is fragmented, asymmetrical, poorly structured, and de-contextualized, thereby creating weak-bureaucratic services, inefficient partnership, and poorly structured governance platforms. Thus, the study concludes that private investment in Gurage zone is being restrained because of its isolation from the local realities, political imperatives, bureaucratic networks, and resource contexts, supposed to be controlled by the local governments.
{"title":"The Politics of Private Sector Investment in Local Economic Development: Local Governance and Regulatory Frameworks in Gurage Zone, Ethiopia","authors":"Wassihun Gebreegizaber Woldesenbet, T. Worku, Bekalu Wachiso Gichamo","doi":"10.11648/J.JIM.20200901.11","DOIUrl":"https://doi.org/10.11648/J.JIM.20200901.11","url":null,"abstract":"Private investment is one of the prominent approaches to local economic development. The focus of this study is the exploration of the political elements of private investment in local economic development activities in the backgrounds of local governance. A combination of quantitative and qualitative research methods challenged the idea that private investment, considered economically, contributes to local economic development, an assumption that isolates private investment from the surrounding environments. Therefore, the study found out that private investment in Gurage Zone has been showing an inconsistent trend in terms of its contribution to land development, employment creation, and capital generation. This inconsistency is reflective of the nature of private investment which is a depoliticized, delocalized, and de-bureaucratized program highly isolated from the local realities. This again is related to the detrimental effect of local governance structure which is fragmented, asymmetrical, poorly structured, and de-contextualized, thereby creating weak-bureaucratic services, inefficient partnership, and poorly structured governance platforms. Thus, the study concludes that private investment in Gurage zone is being restrained because of its isolation from the local realities, political imperatives, bureaucratic networks, and resource contexts, supposed to be controlled by the local governments.","PeriodicalId":42560,"journal":{"name":"Journal of Investment Management","volume":"9 1","pages":"1"},"PeriodicalIF":0.8,"publicationDate":"2020-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48955798","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}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：