International Journal of Economics, Finance and Management Sciences

Volume 2, Issue 6, December 2014

  • Measuring Relative Efficiency of Commercial Banks in Bahrain Using Data Envelopment Analysis

    Minwir Al-Shammari, Seref Turen, Mohamed S. Abou El-Seoud

    Issue: Volume 2, Issue 6, December 2014
    Pages: 297-305
    Received: Nov. 06, 2014
    Accepted: Nov. 17, 2014
    Published: Nov. 20, 2014
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    Abstract: The study aims at measuring relative efficiency of seven banks listed on Bahrain Bourse under the commercial banks sub-sector over the period 2008-2012 by employing Data Envelopment Analysis (DEA) as a special linear programming model that assesses relative efficiency of decision-making units (DMUs) using multiple incommensurable input and multiple... Show More
  • Determinants of Quality Management Practices in Kenyan Sugar Processing Industry: A Case of Chemelil Sugar Company

    Quinter Omware, Raphael Nyonje, Muma Benard

    Issue: Volume 2, Issue 6, December 2014
    Pages: 306-312
    Received: Nov. 21, 2014
    Accepted: Nov. 27, 2014
    Published: Nov. 29, 2014
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    Abstract: This study focused on determinants of quality management practices in Kenyan Sugar Processing Industry. Due to sparse distribution of the sugar processing firms in the country, Chemelil Sugar Company was used as a case for the study. Literature was reviewed on: Demographic factor; Top management commitment, Training factors, Organizational culture ... Show More
  • Two Product, Two Region Production, Inventory, and Transportation Problems

    Jong Hyup Lee, Jung Man Hong

    Issue: Volume 2, Issue 6, December 2014
    Pages: 313-318
    Received: Nov. 14, 2014
    Accepted: Nov. 30, 2014
    Published: Dec. 02, 2014
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    Abstract: A deterministic production and transportation planning problem is considered over a finite time horizon for two products that can be produced in each of two regions. Each region uses its own facility to supply the demands for two products. Demands for product 2 in one region can be satisfied either by its own production or by transportation from ot... Show More
  • Valuation, Downside Risk Measures and Asymmetric Information: A Portfolio Optimization Approach

    Yoram Kroll, Moshe Ben-Horin

    Issue: Volume 2, Issue 6, December 2014
    Pages: 319-331
    Received: Feb. 16, 2014
    Accepted: Apr. 25, 2014
    Published: Dec. 05, 2014
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    Abstract: This paper proposed optimal equilibrium portfolio algorithm for valuing assets. When mean variance criterion is assumed, the proposed procedure and the conventional CAPM yield identical valuations. When a downside risk measures are employed and the distributions are asymmetric, the proposed algorithm and the three moments extensions of CAPM may yie... Show More
  • Top Management Commitment Towards Implementation of Total Quality Management (TQM) in Construction Companies in Nakuru County-Kenya

    Bonventure Wesonga Oruma, John Momanyi Mironga, Benard Onyango Muma

    Issue: Volume 2, Issue 6, December 2014
    Pages: 332-338
    Received: Nov. 25, 2014
    Accepted: Dec. 02, 2014
    Published: Dec. 17, 2014
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    Abstract: The construction companies are faced with a lot of challenges especially in the choice of management approaches that they use to produce products that continuously meet customer needs and expectation in regard to quality issues. One of the management approaches being used to achieve continuous quality improvement in the construction industry is Tot... Show More
  • Foreign Direct Investment and Economic Growth in Bangladesh Economy

    Khairul Kabir Sumon

    Issue: Volume 2, Issue 6, December 2014
    Pages: 339-346
    Received: Nov. 28, 2014
    Accepted: Dec. 09, 2014
    Published: Dec. 17, 2014
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    Abstract: The paper attempted to investigate the dependence of gross domestic product (GDP) on foreign direct investment (FDI), external debt (ED) and remittance (REM) based on annual data from 1986 to 2013. The selected variables were gross domestic product (GDP), foreign direct investment (FDI), external debt (ED) and remittances (REM). Results have been a... Show More
  • The Effect of Working Capital Management on Profitability

    Ntui Ponsian, Kiemi Chrispina, Gwatako Tago, Halim Mkiibi

    Issue: Volume 2, Issue 6, December 2014
    Pages: 347-355
    Received: Dec. 02, 2014
    Accepted: Dec. 11, 2014
    Published: Dec. 19, 2014
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    Abstract: The purpose of this study is to find out the effect of working capital management on company profitability. The study aims at examining the statistical significance between company’s working capital management and profitability. In light of this objective the study adopts quantitative approaches to test a series of research hypotheses. A sample of ... Show More
  • Testing the Foreign Exchange Parity Relations: A Case Analysis of UK Sterling, Japanese Yen and Us Dollar

    Ibrahim Zubairu

    Issue: Volume 2, Issue 6, December 2014
    Pages: 356-361
    Received: Nov. 28, 2014
    Accepted: Dec. 09, 2014
    Published: Dec. 27, 2014
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    Abstract: Since the financial globalization has expanded and developed increasingly fast in recent years, the international parity relationships have been extensively studied due to their importance in international trade and investment. This paper investigates purchasing power parity (PPP), interest rate parity (IRP) and unbiased expectation hypothesis by a... Show More
  • Factors Influencing Performance of Children Homes and Rehabilitation Centers within Nakuru Municipality and its Environs, Kenya

    Susan Nyamai, Maina Waiganjo

    Issue: Volume 2, Issue 6, December 2014
    Pages: 362-377
    Received: Dec. 18, 2014
    Accepted: Jan. 05, 2015
    Published: Jan. 12, 2015
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    Abstract: The street children phenomenon in Kenya has long been regarded a perennial problem of the urban areas of the country and often viewed with disdain by most people in the society due to the menacing behavior of the children. This study investigated the factors influencing performance of street children rehabilitation centers in Kenya and was conducte... Show More