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Asian Economic and Financial Review
Publish by: Production and Hosting by Pak Publishing Group on behalf of Asian Economic and Social Socie
Online ISSN: 2222-6737
Print ISSN: 2305-2147
Online ISSN: 2222-6737
Print ISSN: 2305-2147
Print ISSN: 2305-2147
Total Citation: 1219
Relevancy of Banking Services Costs: The Case of Less Developed Regions in Jordan
Fawzi Al Sawalqa, Khaled Abu Aliqah
The current study utilises the quantitative methodology research approach to achieve two objectives. These include; firstly, to identify the main acceptance banking services at Tafila governorate, and secondly, to identify the nature of the relationship between the cost of different banking services and their acceptance by customers. The results revealed that the most five accepted services include; ATM withdrawal service, balance checking using ATM, counter deposit service, fund transferring using counter, request for account statement using ATM respectively. When banking services taken as categories, the result reveal that the traditional-counter banking services still occupied the first place among the customer of commercial banks located at Tafila region. These results indicate that customers of such region still give a big deal to the security and give no trust to the electronic tools to perform such services. In respect to the effect of costs of the three main banking services (i.e. e-banking services, traditional-counter banking services and lending services) and their acceptance by customers. The results indicate that the cost of each category of services does contribute significantly toward the acceptance of such category of services. This unexpected result was justified based on many factors such as the financial behaviour of customers and their income level.
- Abadi, H. and F. Nematizadeh, 2012. An empirical investigation of the level of user's acceptance of e-banking among some customers of banks in iran. International Journal of Academic Research in Business and Social Sciences, 2(6): 418-430.
- AL-Rawashdeh, B., A. Abu-Errub, A. Areiqat and M. Dbbaghieh, 2012. Information technology role in reducing e-banking services risk in jordanian banking sector. Journal of Computer Science, 8(3): 374-381.
- Al Sawalqa, F., 2012. Customers’ financial needs satisfaction and self-service technology banking: The case of automatic teller machines (atms) in jordan. International Journal of Business and Social Science, 3(9): 191-200.
- Aleem, I., 1990. Imperfect information, screening, and the costs of informal lending: A study of a rural credit market in pakistan. The World Bank Economic Review, 4: 329-349.
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- Department of Statistics, 2012. Population and housing/ demographic statistics. Available from http://www.dos.gov.jo/dos_home_e/main/index.htm.
- Gbadeyan, R. and O. Gbonda, 2011. Customers’ preference for e – banking services: A case study of selected banks in sierra leone. Australian Journal of Business and Management Research, 1(4): 108-116.
- Gowrisankaran, G. and J. Krainer, 2011. Entry and pricing in a differentiated products industry: Evidence from the atm market. RAND Journal of Economics,, 42(1): 1-22.
- Gumel, G., 2012. Evaluation of credit availability in microfinance institutions: Evidence from northern nigeria. International Journal of Academic Research in Business and Social Sciences, 2(6): 379-385.
- Haque, A., A. Ismail and A. Daraz, 2009. Issues of e-banking transaction: An empirical investigation on malaysian customers perception. Journal of Applied Sciences, 9(10): 1870-1879.
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- Omariba, Z., N. Masese and G. Wanyembi, 2012. Security and privacy of electronic banking. International Journal of Computer Science Issues, 9(4): 432-446.
- Patil, V., 2012. Contemporary issues in interest free banking. Indian Streams Research Journal, 2(9): 2-3.
- Vyas, S., 2012a. Impact of e-banking on traditional banking services. International Journal of Computer Science & Communication Networks, 2(3): 310-313.
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Economical Evaluation of Use of Second Hand Machinery in Petrochemical Industry (Case Study: Iranian Petrochemical Projects)
Alireza Nasseri, Bahram Sahabi, Leili Solatyavari
The high cost of purchasing high technology and severe sanctions imposed on Iran over the last decade are the reasons why economical alternatives should be assessed, such as the use of second hand technology. There is evidence to show that in Iran the use of second-hand equipment in the petrochemical industry has become commonplace in recent years. Polypropylene (PP) and Methyl Tertiary-Butyl Ether (MTBE) are produced using second hand machinery purchased from a German company and recently used machinery transferred from an Indian company was utilized in the production line of Methyl Ethyl Ketone (MEK). In this research the three above-mentioned projects were evaluated to determine whether or not the use of second-hand machinery was economically justifiable. The method of research is descriptive analysis and output data will be estimated with Comfar software. The conclusion is that PP and MTBE projects could be justified from an economic perspective, but the MEK project failed in terms of profitability in the examined years.
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Accountability and the Experience of the 2007 Global Financial Crisis
Enefiok E. Essien
The ripples of the 2007 financial crisis are still felt in many economies. Taking advantage of hindsight, this paper examines the factors that facilitated the occurrence of the crisis and how the crisis was managed. It uses the concept of accountability in the private and public sectors of the economy as the yardstick for assessing the behaviour of errant financial actors and concludes that the crisis resulted from the cumulative lapses in corporate governance and operational procedures. It also concludes that profitability and accountability are not always positively related in a free enterprise system. An examination of the coping strategies used by the developed countries points to the effectiveness of planned government intervention in economic activities. For the developing countries, especially in Africa, the lesson is that a responsible government must at all times put the wellbeing of its citizens above any received doctrine.
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Decision Usefulness Approach to Financial Reporting: A Case for Malaysian Inland Revenue Board
Kabiru Isa Dandago, Nur Isdawani Binti Hassan
This paper aims at determining whether or not financial reporting of companies in Malaysia provides useful information to Inland Revenue Board for income tax determination. The respondents in this study were staff of the Inland Revenue Board, Jalan Duta, Kuala Lumpur, and, for the purpose of the study, copies of questionnaire were distributed to them to illicit their responses. The data collected were analyzed, using SPSS. Most of the respondents are satisfied that companies??? financial reporting follows the requirements of relevant laws in the country and that they comply with appropriate accounting standards. But the respondents query the decision usefulness level of the financial reporting of companies to the Inland Revenue Board???s functions of tax assessment and income tax determination. It is for this reason that adjustment becomes necessary to the income measurement shown in the income statement of companies for proper income tax determination by the Malaysian Inland Revenue Board. It is, therefore, recommended that appropriate laws on companies financial reporting in Malaysia should include a clause that would require companies to prepare an adjusted income statement which would be decision useful to Inland Revenue Board as part of the items of financial statements to be reported by the companies.
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Entrepreneurship Development Course to Foster Character Merchandise in Support Economic Growth
Waspodo Tjipto Subroto
This analysis focuses on the entrepreneurship education and economic growth to welfare in the nation. Development of learning and teaching activities aim to build a spirit of human creativity, innovation, sportsmanship and self-employment. These learning need to be followed up with efforts to integrate character education classes, education, creative economy, and entrepreneurship education into the college curriculum. These program is a very important to economic growth, and more important than the object that is emphasized in most economic education. The image is an impression that a poor country because people do not have program entrepreneurship education with effective and eficience so perceptions received by a person when he saw, heard and used in the national industry to generate economic value. The image must be built in a planned and measured so as to discover the presence of a positive impact on the nation. The economic structure of the creative assets that have the potential to increase of economic growth. World transformed rapidly with economic growth, from the SDA-based human resource-based, from the agricultural era to the industrial era and the views of economic development based on the flow of ideas. Wave of creative economy is a stream that has been accepted as the flow of the new economy in the economic civilization. previous waves, among others: the wave of agricultural economics, industrial economics wave, and wave information economy. Creative economy as a recent surge in economic growth, entrepreneurship needs to be invested in the lecture so that they can optimally support its economic growth.
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Budgetary Control and Service Charge Management Performance in Real Estate Sector: An Empirical Study of the Motivational Aspect
Kenneth Enoch Okpala
Most Real Estate Property Management Companies (PMC) in most cases struggles with service charge funds (SCF) to provide amenities for tenants living in their serviced apartments after budget has been carefully prepared and approved and payments made by occupants. This paper investigated the effect of motivational aspect of budgetary control on the service charge management performance in PMCs in Nigeria. The sample frame consists of 4 major PMC with 380 staff stratified into two groups - group 1 (Luxurious) and group 2 (commercial). The sample size is made up of 95 staff representing 25% of the frame selected at random. Data was collected through structured questionnaire and analyzed. Z-test was used for hypotheses confirmation. Findings proved that budgetary control has significant influence on workers motivation which leads to savings in the service charge expenditure but not effectively employed in the subsector hence the inefficiency in Service charge expenditure (SCE) management. The study recommended that budgetary control should be intensified to motivate employees to embark on service cost minimization to gain savings or at least achieve a state of breakeven. This will promote tenancy relationship in the managed estates and the achievement of PMC financial objective.
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Involvement of Corporate Entities in Waqaf Management: Experiences of Malaysia and Singapore
Norma Md Saad, Salina Kassim, Zarinah Hamid
The main focus of this paper is to examine the corporate management models of selected waqaf entities in Malaysia and Singapore. The waqaf entities involved in this study include two corporate waqaf institutions namely Kumpulan Waqaf An-Nur Berhad and IIUM Endowment Fund and one corporate waqaf institution in Singapore namely Warees Private Limited, Majlis Ugama Islam Singapore. It also analyzes how these waqaf entities finance the development of their waqaf property, especially land. Such a comparison is necessary considering the diverse experiences of these selected corporate waqaf entities in view of the differences in their endowments and different corporate management models. The paper concludes that these three corporate waqaf entities have adopted a more structured approach in financing the development of their waqaf properties and experimenting new ways of managing and investing waqaf assets. They have created opportunities for the improvement of waqaf institutions and revitalize the potentials of these waqaf assets to yield greater benefits to the society.
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Economic Prospects and Problems of Cane Based Furniture Enterprises as Family Business and Their Business Trends in Bangladesh
Md. Kamrul Hasan, Prodip Dey
Cane based enterprise is one of the most flourished business in the northeastern region of Bangladesh. The purpose of the present study is to observe the pattern of production of cane based furniture in Sylhet city, identify the prospects and problems, and recommend solutions. The study reveals that most of the cane furniture enterprises (57%) is small and 36% is medium and 7% is large in size. Most of the (86%) entrepreneurs produce sofa, chair, rocking chair and bed. Sofa is the highest item in terms of volume of production while bed is the lowest. Sofa, chair and rocking chair are the most demanded and profitable items. Average monthly production and profit are Tk 221916 and Tk 22500 respectively per enterprise. The study also reveals that 51% entrepreneurs are suffering from shortage of capital and raw materials, whereas 35% of capital, skill labor, etc. The study suggests that entrepreneurs should create demand to all classes of people through proper promotional programs, newest designing, adding new features, extending the usages of cane furniture, improving quality considering customer demand. Government also should patronize this industry by giving logistic supports.
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Martin M. Musamali, Daniel Kipkirong Tarus
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The Factors Effect to the Financial Efficiency of FDI (Foreign Direct Investment) Enterprises Located in Ho Chi Minh City-Viet Nam
Nguyen Ngoc Diep, Nguyen Anh Phong
This paper is to examine and evaluate the operational efficiency at the enterprises that have foreign investment at HCMC in the stage 2007-2011. The research also evaluates the factors that effect to financial effect, especially for using BEP ratios-Basis Earning Power (EBIT to the total assets) to measure the financial effect, because FDI enterprises normal get the incentive for differently corporate income tax in Viet Nam. The research results show that there are six factors affecting to financial performance including in: turnover, capital owners (Equity), long term debt to total asset, tangible assets to turnover, sales expensive to turnover and the management expensive to turnover. From that point, the authors also have petitioned that is to enhance performance and management enterprises as well as improvement the investment policy of Ho Chi Minh City (HCMC)
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