Economics & Business

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Total Articles 28 - 36 of 6582 | Total Books 1 | Total Conference Proceeding 81

How to Use Cobit Applications in Educational Institutes

Author(s):K. L. Ertürk --- G. Şengül --- M. Rehan 
Journal: International Journal of Management and Sustainability
Publisher:
Abstract
| Pages: 42-50
Decision makers are looking at all expenditures to see where to cut costs and install greater IT systems management efficiencies. For implementation of an IT governance program successfully, it is important to understand management needs. IT service management is becoming more important in any kind of business sector including in higher education sector or university education. In the university education system, it can be used to enhance competitiveness and performance of related stakeholders. IT infrastructure is growing increasingly complex as different technological advancements, such as IT governance (by some special methodologies like Control Objectives for Information and Related Technology (CoBIT) & Information Technology Infrastructure Library (ITIL) etc.) and cloud computing, continue to enhance higher education networks. These systems management solutions can be very helpful to facilitate greater collaboration in learning and educational management. In this study we investigated the problems of the Atılım University students ‘n Turkey about the course control system (Focusing on Time-Table scheduling system). In the survey we asked questions about registration process, time table managements, exam time clashes, course loads, student satisfaction about the time table and exam allocation system. The results are gathered, analyzed and documented and the results are discussed. Depending on the results we proposed a CoBIT methodology to improve the student satisfaction.

Hospital At Home: Sustainable Healthcare in Developing Countries through Reducing Average Length of Stay in Hospitals

Author(s):Veerasingam Nerminathan --- Wan Noor Amalyna Binti Wan Fadzil Adlan --- Arany A. Nerminathan 
Journal: International Journal of Management and Sustainability
Publisher:
Abstract
| Pages: 51-61
Increasing health costs is becoming a burden for countries all over the world, and for the developing countries, it may reach a point where the government may not be able to provide the healthcare demanded by the public. It is not solely based on increasing the health spending; every aspect of health expenditure should be considered to improve efficiency. One of the aims of the tenth Malaysian plan is improving efficiency and reducing waste. We propose a measure to improve efficiency by decreasing the average length of stay, given the fact that hospital care is far more expensive than care in the community. Planned and managed early discharge to the homes, supported by community nurses and doctors, in addition to improved communications, can reduce average length of stay. At present the length of stay is 3.52 days in the public sector and 2.71 days in the private sector. There is a significant variation between states, not only for the average length of stay, but also for the bed turnover interval; providing less of an incentive for earlier discharge. By reducing the length of stay by merely 0.5 days, we suggest there would be savings up to RM250 million savings each year, and with other additional measures, there would be significant savings, making healthcare more affordable and sustainable, making Malaysia a shining example among developing countries.

Government and Poverty Alleviation in Ondo State, Nigeria

Author(s):Akinmulegun Sunday Ojo 
Journal: International Journal of Management and Sustainability
Publisher:
Abstract
| Pages: 62-71
Poverty is a household name most especially in the Third World Nations. However, it is a plague that affects all people across the globe. Governments at all levels had embarked on policies and measures at different times to eradicate this menace to no effect. Thus, the phenomenon ‘poverty alleviation’ emanated. This paper therefore examined different measures embarked upon by governments in Nigeria in general and Ondo State in particular with special attention on government activities since the inception of Democracy in 1999. Efforts were made to engage in descriptive comparative analysis of the efforts by successive governments in the state, using econometric analysis of simple ratios and percentages. Most importantly, an in-depth examination of the policies of the present day government (the Dr. Olusegun Mimiko-led administration) was carried out. Not only this, the extent to which these measures had affected the lives of common man on the street was also examined. It was thus found out that the present day administration was able to achieve so much in poverty reduction in the state basically as a result of its grass root (house-to-house, door-to-door) policies implementation. The paper therefore recommends that for a government to achieve its set goal of affecting the lives of her people, such people-based (see-and-buy) policies of the present day administration in Ondo state must be the main stream of such an administration. The type of unmonitored delegation; “money-must-pass-hands” policies where governance is maladapted and hide and seek; corruption laden governance prevail in the administration of a state must be totally jettisoned as this aid diversion of public funds, breeds corruption and enhances poverty.

Foreign Direct Investment Affluences in Iskandar Malaysia

Author(s):Patmawati Ibrahim --- Maimunah Ali 
Journal: International Journal of Management and Sustainability
Publisher:
Abstract
| Pages: 72-83
Iskandar Malaysia is one of the regional economic growth areas that have been identified by the government of Malaysia to spearhead economic transformation programmes as stipulated in the Tenth Malaysia Plan. The aims of the economic transformation programmes are to address the declining trend in foreign investment and outflow of human capital, as well as to spur the next stage of economic development. Thus, Iskandar Malaysia serves as the platform to highlight Malaysia’s structural shift to broader macro objectives that aims to transform Malaysia into a developed nation by a knowledge-based economy. Since its inception in 2006, Iskandar Malaysia has attracted foreign investments of about RM111.4 billion as of the first quarter of 2013 and 40% of the investments has already been realised. The entry of heavyweights foreign investors such as Temasek, Ascendas, CapitaLand, China’s Country Garden and Australia’ Walker Corp have propelled foreign direct investment (FDI) flows into Iskandar Malaysia, making it highly dependent on foreign funds for development. Although FDI is the key catalytic agent of economic growth and development, it is not without pitfalls and setbacks, especially on local community and average households in Johore. The aim of this paper therefore, is to examine the affluences and setbacks of FDI in Iskandar Malaysia on average local households across the five flagship zones of Iskandar. The study would include analysing the impact of FDI on culture and social-economic environments as well as on natural surroundings in the Iskandar area, and subsequently, attempts to touch on the sustainability of FDI in maintaining rapid economic progress of Iskandar Malaysia.

Poverty Alleviation and Long-Term Sustainability of Microfinance Project: With Special Reference to Matale District

Author(s):P.W.N.A. Kumari --- P.J. Kumara Singhe 
Journal: International Journal of Management and Sustainability
Publisher:
Abstract
| Pages: 84-96
This research is attempted to assess the strengths of poverty alleviation initiatives taken by foreign donors in Sri Lanka. Hence research basically studied the Matale Regional Economic Advancement Project (MREAP) which was funded by the International fund for Agricultural Development (IFAD). Study was based on both primary and the secondary data. Primary data were collected through interviews held with project officers, beneficiaries and other government officers who were involved with various activities in project villages. Descriptive analysis, , double difference method, and the regression analysis were the analytical tools used in data analysis. According to the results of the double difference analysis and the descriptive analysis microfinance facility provided by the MREAP has influenced significantly on income levels of the beneficiaries. In general, microfinance has influenced positively on poverty alleviation of beneficiaries. According to the beneficiaries MREAP was a successful project as it provided microfinance for the appropriate businesses during the project implementation period but, neither MREAP nor other government organization have monitored the sustainability of project activities. Analysis of the project reveals that Microfinance is one of the effective tools in poverty alleviation in Sri Lanka and, it is very essential to provide a healthy macroeconomic environment avoiding unnecessary political intervention for the microfinance projects to function effectively and efficiently. This information revels that monitoring of long term sustainability of the activities initiated during the project period after the termination of the project is a vital facto that due attention of relevant authorities should be received.

Does Risk Management Affect on Bank Efficiency? An Analysis of Sri Lankan Banking Sector

Author(s):J.M. Ruwani Fernando --- P.D.Nimal 
Journal: International Journal of Management and Sustainability
Publisher:
Abstract
| Pages: 97-110
Increasing competition in the finance sector in Sri Lank has created a huge competition among the banking sector. The high level of competition improved the bank efficiency and efficiency creates risk to the banks. Therefore, risk management is a vital in achieving efficiency. Therefore, this study addresses the question on “whether the Sri Lankan banks are efficient and how risk management improves the banks’ efficiency?. The main objective of the study was to identify the efficiency of the banks by incorporating risk factors. This study adopted second Stage Data Envelopment Analysis based on Licensed Domestic Commercial Banks in Sri Lanka for the period from 2005 to 2011. At the first stage it use DEA to finds the efficiency scores by incorporating risk factors such as Credit, Market and Operational risk. In the second stage it applies Tobit regression to find the influence of external environment factors on bank efficiency. The mean efficiency of Sri Lankan banks is high when it compares with the other well countries such as India, UK, US, Taiwan and Islamic Banks located in London. Risk management has improved the efficiency of the Licensed Commercial Banks in Sri Lanka. Therefore, banks should identify their standing on the market on efficiency levels and should analyze their inefficiencies to improve the efficiencies further.

The Relationship between Servant Leadership and Organizational Commitment: The Malaysian Perspectives

Author(s):Aznarahayu Ramli --- Nasina Mat Desa 
Journal: International Journal of Management and Sustainability
Publisher:
Abstract
| Pages: 111-123
This paper examines the relationship between servant leadership and employees’ organizational commitment in a Malaysian situation and adding trust in leader as the mediator. The first objective of the study is to explore the relationship between servant leadership and organizational commitment of working adults in Malaysia. Second objective is to determine whether trust in leader mediate the relationship between servant leadership and organizational commitment among these working adults. There are 200 set of questionnaires were randomly distributed to the employees working with various organizations throughout Malaysia. Out of them, 143 were usable yielded a response rate of 71.5%. Data collected were analysed through correlational analysis and multiple regression analysis using SPSS version 20. The result of the study revealed that servant leadership has significant relationship with employees’ organizational commitment. In addition, trusts in leader do mediate the relationship between servant leadership and organizational commitment among working adults in Malaysia. This research therefore, highlighted the importance of having the right leadership in fostering employees’ positive job behaviour. The limitation and direction for future research also discussed.

Discovering Opportunities in the Solar Energy Industry: A Subjectivistic View of Entrepreneurial Activity

Author(s):Gloria Cuevas-Rodriguez --- Carmen Cabello-Medina 
Journal: International Journal of Management and Sustainability
Publisher:
Abstract
| Pages: 124-139
Using the subjectivist view of entrepreneurship, the focus of this paper centers on understanding how certain individuals have created opportunities in the solar energy industry. An in-depth case study is developed to analyse the subjectivist character of discovery and creativity; the relevance of organizational learning for entrepreneurship; and the role of entrepreneurs’ experiences in shaping a firm’s subjective productive opportunity set.  Through this research the relationships between the subjective visions and experiences of entrepreneurs, and perceived opportunities are presented. Besides the diversity of the problems that entrepreneurs encounter during the creation and development of the company, and the range of resources utilized are also discussed.  

Impacts of Macroeconomy on Stock Market: Evidence from Pakistan

Author(s):Farid Ullah --- Ijaz Hussain --- Abdur Rauf 
Journal: International Journal of Management and Sustainability
Publisher:
Abstract
| Pages: 140-146
Stock market is a place where the securities of listed companies are traded and this can be affected by both macroeconomic and non-macroeconomic factors. The impacts of macroeconomic factors on stock market of Pakistan are investigated in the current study. For this purpose monthly data covering the period from January 2008 to December 2012 is used in this study while taking the three most important macroeconomic variables, Exchange Rate, Interest Rate and Inflation. Using the more advance Bound Testing Approach, a very strong long run cointegration is found amongst the variables taken for the study. In the long span of time, the results suggest that both Exchange Rate and Interest Rate have negative association with stock market of Pakistan while the Inflation Rate does not create such a condition that affect the stock market of Pakistan. Same results are found for the shorter version of time.
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