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Öğe Relationship between stock markets in Africa: a case of five selected countries(İstanbul Ticaret Üniversitesi, 2019) Deer, Abdifitah Mohamed Jama; Koy, AybenThis article aims to analyze the relationship between the stock markets in Africa (Egypt, Kenya, Morocco, Nigeria and South Africa). The sample used in the study is beginning from 2009 to 2018 in a weekly data range. The main findings in the study are: (1) price indices of Casablanca stock exchange are not influenced by other stock markets in the long run (2) Egyptian stock market can be used to predict the Kenyan stock market but not Morocco, South Africa, or Nigeria, (3) South African stock market can be used to predict the Egyptian, Nigerian, and Kenya stock markets, and (4) Johannesburg stock exchange plays a vital role in effecting the stock prices of other African countries.Öğe Preparedness to teach international financial reporting standards (ifrs) in Ethiopia: a study on selected universities(İstanbul Ticaret Üniversitesi, 2019) Lakew, Deresse Mersha; Musa, Mohammed GetahunModern type of business organizations were started in Ethiopian before hundred years ago and the number is tremendously increasing nowadays. However, there was no one set of generally accepted accounting standard used by business organization in the country till December 2014 when IFRS was proclaimed as the law of the land. Though IFRS was accepted for financial reporting in the country starting from 2014, the level of preparedness in teaching IFRS in Ethiopian universities was not studied. This paper is aimed at identifying problems in teaching IFRS among teachers in Ethiopia universities. To achieve this objective, data was collected from 46 academic staffs working in six universities in the country. The study found that teachers in relatively old universities are trying to incorporate IFRS in their course plan as compared to those in recently established universities. Generally, the level of preparedness to incorporate IFRS is low in majority of the universities under study. Lack of text books in line with IFRS, problem of integrating IFRS in to the curriculum and lack of practical experiences are the top three bottle necks that hinder teaching IFRS in our universities. In order to prepare our staffs to teach in line with IFRS, both short and long term capacity building strategies were recommended in this study.Öğe Antecedents and consequences of green innovation(İstanbul Ticaret Üniversitesi, 2019) Karabulut, Ahu TuğbaThe purpose of this study is to shed light to antecedents and consequences of green innovation. Antecedents and consequences are important to understand why companies decide to proceed green innovation and what are their benefits to the companies and their stakeholders. Antecedents are motivations of companies to conduct green innovation whereas consequences are contributions of them to the WorldÖğe Risk management in Vietnam tourism industry under the impact of a two factor model during and after the global crisis(İstanbul Ticaret Üniversitesi, 2019) Huy, Dinh Tran Ngoc; Dao, Du QuocOver past few years, the global financial crisis shows certain influence on emerging financial markets including Viet nam. Therefore, this study chooses an analytical approach to give some systematic opinions on how much some certain determinants such as income tax and leverage, affect the level of market risk in listed tourism companies.First, it calculates equity and asset beta values in three (3) different scenarios of changing tax rates and changing the level of financial leverage.Second, under 3 different scenarios of changing tax rates (20%, 25% and 28%), we recognized that there is not large disperse in equity beta values, estimated at 0,753 for current leverage situation.Third, by changing tax rates in 3 scenarios (25%, 20% and 28%), we recognized both equity and asset beta mean values have positive relationship with the increasing level of tax rate.Last but not least, this paper covers some ideas and policy suggestionsÖğe The recent evolution of Ghana’s financial system: the ‘‘momo’’ effect(İstanbul Ticaret Üniversitesi, 2019) Abass, ShafiqThis study analyses how the widely use of telephone and similar electronic gadgets has reshaped transactions and the payment system in Ghana. The not very long ago introduced mobile money system widely known in the country as MoMo, tends to have astounding effects on the banking sector that has been in existence since time immemorial. This research focuses on the impact the mobile money industry has had on the lives of the average citizen and also on communities where banks are inaccessible in relation to banking and financial inclusion in general.Data from the Bank of Ghana, World Remit, survey on social media platforms and other sources show that the mobile money sub industry of the FinTech industry has made and achieved significant performancesand milestones within the past decade or so. The numbers infer that patrons tend to rely more upon the newly born mobile money system and continue to show reluctance in patronising the orthodox system of banking. We look at the changes in the amount of banking transactions as well as mobile money transactions within specific periods. From statistical data and individual opinions accumulated it is clearly a wake up call for banks.Based on data evidence the possible reasons which might have been the causes of the situation at hand are as well discussed and recommend possible solutions are arrived at.Öğe Effect of liquidity and dividend pay-out on financial performance of deposit taking sacco’s in Kenya(İstanbul Ticaret Üniversitesi, 2019) Shibutse, Robert Lukhanda; Kalunda, Elizabeth; Achoki, GeorgeCapital structure is one of the fundamental aspects to the success of Deposit Taking Savings and Credit Cooperative Societies.The study aimed to investigate the effect of two capital structure determinants; liquidity and dividend payout, on financial performance as measured by Return on Assets of Deposit Taking Savings and Credit Cooperative Societies, in Kenya. The study was grounded on the Pecking order and Free cash flow capital structure theories. The study utilized a mixed research design using primary and secondary data for the period 2013 to 2017. The population of the study was 174 Deposit Taking Savings and Credit Cooperative Societies. Stratified and purposive sampling technique was employed. A regression model was used to analyze the data. Results revealed that liquidity and dividend pay-out had a significant and positive effect on the financial performance of Deposit Taking Savings and Credit Cooperative Societies in Kenya. The study recommends having in place an Assets and Liabilities Committee in each Deposit Taking Savings and Credit Cooperative Society that would help manage the assets and liabilities of the institution, ensuring adequate liquidity and cashflow management. Having in place a robust dividend policy is also critical.Öğe Corporate governance, share ownership structure and tax avoidance(İstanbul Ticaret Üniversitesi, 2019) Handayani, Yenny Dwi; Ibrani, Ewing YuvisaThis study aims to examine the effect of Corporate Governance and Share Ownership Structure on Tax Avoidance. The share ownership structure uses controlling shareholders who have the largest shareholding in the company with ownership of between 20-50%. This study used manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2015-2017, with 99 observation data and the analytical used multiple linear regression. The results of the study show that both corporate governance and the share ownership structure proxied using controlling shareholders have an effect on tax avoidance.Öğe Factors affecting profitability: an empirical study on Ethiopian Banking Industry(İstanbul Ticaret Üniversitesi, 2019) Shanko, Temesgen; Timbula, Mekuanint Abera; Mengesha, TadeleThe main purpose of this study was to examine factors affecting profitabilityEthiopian banking industry. The study adopted quantitative research approach and the statistical tool was used to estimate the profitability, which was measured by returnon asset as a function of balance sheet, industry specific and macroeconomic explanatoryvariables. The finding of the study showed that loan and advance, current deposit, otherliabilities and gross domestic product have statistically significant and positiverelationship with banks’ profitability. On the other hand, variables like fixed deposit, market concentration have a negative and statistically significant relationship withbanks’ profitability. However, the relationship of deposit with other banks, sum ofinvestment, saving deposit and inflation is found to be statistically insignificant. As aresult, the study recommended that Ethiopian Banking Industry must focus on increasingpublic awareness to mobilize more savings this will enhance their performance inprovision of loans and advance to customers. Finally, Ethiopian Banking Industryshouldnot only be concerned about internal structures and policies, but they must consider boththe internal environment and the macroeconomic environment together in fashioning out strategies to improve their profitability.Öğe Contracts in procurement management: an investigation on the baby maternity industry(İstanbul Ticaret Üniversitesi, 2019) Becit, Cengiz; Görener, AliRealization of procurement activities in a rational and highly efficient way is extremely important for enterprises. The enterprises that are able to realize an advantageous procurement transaction compared to other enterprises in the purchasing process will gain an opportunity to get ahead in hard competition conditions. Thus, it will be possible for these enterprises to grow and increase their market share. In addition, the required products to be at the right time and in the right place is very important for the continuation of the operations of the enterprise.Enterprises sign a contract to make a solid agreement with the individuals and organizations they are dealing with, to reduce uncertainties for the future and to perform a rational procurement transaction. Contracts are a legal practice which brings rights and obligations for both parties from the moment they are signed validly. For this reason, contracts in commercial life have found a significant application areas. In this study, the importance of procurement function and its importance for the enterprises is examined first and then the subjects that enterprises should consider in terms of contract management are mentioned. In the last chapter, three contracts were included in the study in order to understand the practice of the subject. Thus, a better understanding of the importance of contract management for enterprises has been achieved.Öğe The effect of non-financial incentive scheme on employees’ motivation (in case of commercial bank of Ethiopia in Jimma Town)(İstanbul Ticaret Üniversitesi, 2019) Kefay, Kibru; Kero, Chalchissa AmentieThe purpose of this study was to investigate the effect of non-financial incentive scheme on employees’ motivation. Therefore, the study was descriptive as well as explanatory which used primary source of data. By that 162 questionnaires were distribute and all of them were returned and used for the study and stratified and simple random sampling methods were applied to determine respondent for the study. However, the study try to examine the perception of employees’ about the incentives scheme of the bank, motivation level of employees’ in the bank and the effect of promotion, recognition, training on employees’ motivation. Among the major findings, the overall perception of respondents about current non-financial incentive practices were shown as they are happy and satisfied with promotion and training but they are neutral on recognition. The result of regression analysis shows that; promotion, recognition, training were a significant predictors of employees’ motivation. Also of that, a significant portion of employees was at good motivation level to perform their job. It is recommended to review the bank's recognition practice to increase the current motivation level of employees..Öğe A systematic review of cryptocurrency scholarship(İstanbul Ticaret Üniversitesi, 2019) Adeleke, Isaiah; Zubairu, Umaru Mustapha; Abubakar, Bilkisu; Maitala, Faiza; Mustapha, Yakubu; Ediuku, EkanemPurpose – The purpose of this paper was to conduct a systemic review of extant cryptocurrency research in order to identify important features of these studies and to provide directions for future cryptocurrency research. Methodology - The Systematic Quantitative Assessment Technique (SQAT) was used to identify and review relevant peer-reviewed journal articles that investigated various facets of cryptocurrency. Findings – 54 journal articles were identified from 12 high-quality databases. The findings of the review revealed that most of the studies took place in Europe, North America and Asia, while Africa has been largely ignored. The main focus of cryptocurrency articles has been on a call for regulation of cryptocurrency without much work done on how to mitigate its vulnerability to the financing of terrorism and as a tool for money laundering. Finally, most cryptocurrency articles adopted a single research method – survey. There is a need for future studies to combine a variety of methods so as to gain additional insight into the issues of cryptocurrency’s vulnerability, risk identification and mitigation, regulation and acceptability. Research limitations - The use of limited but high quality academic databases means that some articles were not considered for this review. Originality/value – This study is one of the few studies to conduct a systematic review on a phenomenon which has the potential to transform the global financial landscape.Öğe Future of the crypto currencies(İstanbul Ticaret Üniversitesi, 2019) Özyeşil, MustafaThe main purpose of this study is to contribute to the literature by performing an original research. The main subject of the study is to investigate the future position of cryptocurrencies included in the sample. In this study, we tried to predict the future expected the popularity of 6 cryptocurrencies. For this purpose, we collect internet search data of each cryptocurrency included in the sample. Popularity variable is determined by the frequency of searched numbers of crypto coins on the internet. We created graphs in the form of scatter plots by using MS Excel 2016. In order to determine the ideal curve that provides the highest specificity coefficients (R2) of related to equations was preferred. According to the results of the analysis, it was determined that RIPPLE-XRP may be taken out of the circulation in the market by November 2020.Öğe Factors affecting the disclosure of sustainability reporting(İstanbul Ticaret Üniversitesi, 2019) Hidayah, Nurul; Badawi, Ahmad; Nugroho, LuckyThis study examines the factors that influence the sustainability of the company's disclosure has registered at Indonesia Sustanaibility Award (ISRA). Data were taken from 2012 to 2017 and became a sample of 9 companies featured in the ISRA. Regression analysis was used to examine the effect of factors (Current Ratio, Size, Type Industry, Social Responsibility Committee and meetings of the audit committee) on the disclosure of sustainability reporting. Result of regression explains that the variable Currente Ratio (CR), Size and Audit Committee Meetings significant effect, while the governance committee and the type of industry effect are not significant. Therefore, Companies are growing fast in asset and have a large debt must disclose the information in a sustainability report.Öğe Financial inclusion and its determinants among households in Jimma Zone of Oromia Regional State, Ethiopia(İstanbul Ticaret Üniversitesi, 2019) Timbula, Mekuanint Abera; Mengesha, Tadele; Mekonnen, Yonas; Kebede, MatiwoseThe majority of the developing countries, access to finance is demanded more for the middle and low- income community and considered as a public good, which is as important as access to safe water, primary education, etc. The researcher used a hybrid of qualitative and quantitative approach. The exploratory research design used in exploring and developing financial literacy framework to study in the Ethiopian context as there is no financial literacy framework developed previously. The descriptive research design used in describing the level of financial literacy, financial inclusion, saving behavior, the relationships between financial literacy and saving habit, the demographic and socio-economic characteristics of the study area. The sample size taken for the study was 173 households. Descriptive statistics and inferential statisticswere used to attain the objective of the research. The probit regression model produced similar results as those obtained using the logit model showed that age, education, financial literacy, and income are positively related to financial inclusion and distance to the nearest provider of financial services negatively impact financial inclusion. It is possible to reduce determinates of financial inclusion with regulating well the financial system, creating healthy competition and building better enabling environment. Identifying and segregating the root causes and addressing it appears to be removing the distance, services charge, and credit barriers. On the other hand, the market for financial services failures and behavioral problems related to customer tend to be addressed through designing of appropriate financial products. Removing those challenges and expanding financial inclusion tend to be possible with the promise of the latest technologies.Öğe Effect of knowledge management on organizational performance in Addis Ababa, Ethiopia: A case study in Ethiopian agricultural trans-formation agency (ata)(İstanbul Ticaret Üniversitesi, 2019) Seifu, Haimanot; Timbula, Mekuanint Abera; Negash, EmnetKnowledge management and knowledge resources have gained much importance in recent years and are said to improve organizational performance. However, the effects of knowledge management practices on organizational performance are not well known especially in the case of public organizations. This research had exam-ined the effects of knowledge management practices on organizational performance at Ethiopian Agricultural Transformation Agency. The study adopted explanatory research. Questionnaires were adopted on the basis of literature review. The ques-tionnaires were also used to collect data from members of staff; respondents were selected through a random sampling method with sample size of 140 respondents. The completed questionnaires were edited for completeness and consistency, checked for errors and analyzed using statistical package for social science (SPPS 20) fre-quencies, percentages and multiple correlations for quantitative analysis. The study recommends Ethiopian Agricultural Transformation Agency should ensure a formal-ized way of acquiring knowledge from its employee and implement knowledge shar-ing practices that enable the employees to learn from each other. Ethiopian Agricul-tural Transformation Agency should also revise Organizational structure in accord-ance with the knowledge management element to enhance the effect of organizational performance and use advanced technologies to enhance its knowledge management practiceÖğe Sectorial transition dilemma of smallholder grain farmers to light manufacturing industry in Jimma Zone, Oromia Regional State, Ethiopia(İstanbul Ticaret Üniversitesi, 2019) Merra, Tesfaye Melaku; Sera, Leta; Tekalegn, EndegThis research was designed to assess willingness, ability, motive, preference and determinants of smallholder major grain farmer’s transition dilemma to light manufacturing industry in Jimma Zone, Oromia Region, Ethiopia. The participants of the study were selected using two stage non probabilistic, purposive sampling. Then, we prepared sample frame from each Kebeles fall in our selection pool. Finally, 399 household heads (farmers) were selected for this study, using stratified sampling. Then, primary data collected via structured questionnaire was analyzed descriptively and in binary logistic regression. Accordingly, majority of smallholder major grain farmers need to stay on their current crop farming. Increasing these products productivity and price is one possible means of intervention to improve the areas smallholder farmer’s livelihood. The descriptive statistics depicts that, small holder farmers’ transitional dilemma to light manufacturing sector and the fate of industrialization plan in Jimma zone is at its infant stage and those small holder farmers have almost no any awareness, no know how about technologies, not trained and they have no entrepreneurial skill. The result revels that the major determinants of smallholder grain farmers sectorial transition plan in the study area was significantly affected by age, sex, marital status, skilled labour access, access to credit, price product expectation, place,Awareness, Education level, Entrepreneur skill, Training, Transport and Energy.Hence, effort should be geared in manner that build farmers capacity through adult literacy program, formal education and with short term training.Öğe Effect of non- financial compensation on the employees’ job performance: a case of jimma geneti woreda health centers in horro guduru , Ethiopia(İstanbul Ticaret Üniversitesi, 2019) Jaleta, Kituma Merera; Kero, Chalchissa Amentie; Kumera, LaliseThe main purpose of this study was to assess the effect of non-financial compensation on the of employees’ job performance. The crosssectional, descriptive and inferential design with field study were used in the study. Accordingly, 136 samples of respondents’ from 206 populations were taken. The study used mainly primary data and secondary data. Survey data collected from respondents were analyzed by descriptive statistics such as frequency, percentage, and inferential statistics such correlation and multiple linear regressions analysis. The findings of the study indicated that there was a significant relationship between non-financial compensation and employee job performance in particular. But also, non-financial compensation; recognition positively and significantly affects employees’ job performance with is highly correlated with (r=0.605, p=0.000), and followed by work condition (r=0.590, p=0.000) and empowerment (r=0.554, p=0.000). Finally, it is recommended that health centers needs to continually review and adjust the compensation system from time to time focusing more on non- financial compensation in order to influence employees to perform better. This may help to motivate the employees to perform well and will decrease the rate of turnover and absenteeism with in health centers.Öğe Financial inclusion in Africa through mobile money services: a swot analysis of mobile money services: evidence from Bukavu in DR Congo(İstanbul Ticaret Üniversitesi, 2019) Safari, Kulondwa; Chanceline, LukogoFinancial inclusion has been proved as a strategy to fight poverty. Africa is a continent where the poverty rate is high and the financial sector is not developed. The continent needs more financial innovation and an increase of financial access to fight these problems. Mobile money, a mobile based financial service has been including more and more people in the financial system and the sector is growing. A lot of studies grew interest in this new financial service but none studied the system strategically. This study uses the strategic approach SWOT, completed by TOWs matrix to ascertain the current status and the future of Mobile money services. The results revealed several strengths and significant opportunities for the system as well as its weaknesses and threats. Several strategies are proposed afterward.Öğe Islamic insurance system: Tekaful insurance(İstanbul Ticaret Üniversitesi, 2019) Öz, Sabri; Işık, Mehmet AliThe insurance issue, which is one of the convention means of finance, is based on old times. The issue of insurance, which is highly criticized in the Islamic sense, is to be integrated into a holistic system by a methodology that will remain within the Scope of Islamic Finance. While the compansation of possible risks for a certain premium is defined as insurance; the aid system, which provides relief from the troublesome situations caused by undesirable situations, is expressed as Islamic insurance. The purpose of this study, the Islamic insurance concept, basic features and by reviewing the literature on the model, the financial system is one of the global players and Islamic finance interest known by the Muslim population of the legislation and its applications in Turkey. By this paper, it is clearified the difference between conventional insurance as its well known structure and Islamic insurance.Öğe Implementation of good university governance and intellectual capital in university context (case study at mercu buana university)(İstanbul Ticaret Üniversitesi, 2019) Hidayah, Nurul; Badawi, Ahmad; Nugroho, LuckyThis study aims to determine the implementation Good University Governance (GUG) and Intellectual Capital (IC) at the University with the unit of analysis at Mercu Buana University. The data used are primary data using questionnaires. The population in this study is all structural officials in the University environment. Using stratified random sampling in which only the structural officials who became the study sample, from all questionnaires distributed, only 60 were able to be processed. This research uses a descriptive qualitative approach. The data analysis method used is Partial Least Square. Results outer test research models meet the criteria of validity and reliability, while from the inner test models indicate that the implementation of Good University Governance at the University of Mercu Buana related to Intellectual Capital. GUG as the main factor IC appeal. IC implemented, will improve the ability of an institution, but there are some areas that need improvement.
