Finance

An organized Banking sector of any country act as a catalyst for the economic development of the country, Indian Banking sector is the most important component of Indian financial system which work on many dimensions for the economic development of the country including mobilization of savings to the Indian financial system through wide network of Branch Banking that leads to availability of funds to investment purposes and capital formation for the developing country like India, where as the performance of Indian banking sector is not up to the mark from more than five years, so the present study aim is to examined the effect of bank’s specific ratios and selected parameters of corporate governance mechanism on Earning per Share (EPS) of selected eight Indian banks. Earnings per share (EPS) has taken as dependent variables to know financial performance of eight selected Indian Banks. Whereas gross nonperforming assets (GNPA) and Dividend Payout Ratio (DPR) were taken as bank specific independent variables, On the other hand board independency (BIND), Frequency of board meeting (FBM) and capital adequacy ratio (CAR) were considered as parameters of corporate governance. The present research using Panel multiple regression techniques to analyze the factors affecting the earning per share (EPS) during the period 2010 – 2019, On the basis of Hausman test the null hypothesis - random effect model is appropriate is rejected due to (p<0.05)and alt hypothesis-fixed effect model was accepted and found appropriate for the model applied for the study. The study revealed the following result¬- Board independency (BIND) is positively related with the earning per share but statistically insignificant but frequency of bard meetings (FBM) and dividend payout ratio (DPR) are positively related with the EPS as well as statistically significant, capital adequacy ratio (CAR) and gross non-performing assets (GNPA) are negatively related with EPS but CAR is insignificant and GNPA is statistically significant. 

In this study we investigated the determinants of executive compensation in some selected quoted banks in Nigeria. The study used eight (8) banks which were drawn from the quoted banks in Nigeria that disclosed executive compensation from 2005 to 2010 in their annual financial report. In identifying the determinants of banks executive compensation in Nigeria using our sampled banks, we conducted pooled OLS and panel data fixed and random effect regression analysis. In all, our results based on the Hausman test shows that the panel regression model best explains bank executive compensation in the selected quoted banks in Nigeria and that bank size (total asset) and profitability are two key factors that determine positively, the compensation of banks executives in Nigeria. This study recommends that further studies be conducted in this area using SEC filling to increase the data on executive compensation.

The purpose of this research paper is to determine those factors that influence the adoption of online banking services in Hyderabad. A theoretical model is provided that conceptualizes and links different factors influencing the adoption of online banking in Hyderabad. A total of 302 respondents in Hyderabad were sampled for responding. Factor analyses and regression technique are employed to study the relationship. The results of the model tested clearly that use of online banking is influenced by channel convenience, perceived risk, security perception, prior internet knowledge and information on online banking. The results also determine that demographic factors also impact significantly on online banking. Finally, this paper suggests that an understanding the factors affecting intention to use internet banking is very important to the practitioners who plan and promote new forms of banking in the current competitive market.

Foreign exchange rate is considered as one of the key economic indicator influencing economy health of a country. The movement in FER affects the foreign direct investment, foreign institutional investment, gold price, export and import (balance of payment), forex reserve, commodity prices, corporate performance, stock market, financial institutions trading in currency market, etc. Movements in exchange rates thus have important implications on business cycle, capital flows and are therefore crucial to understanding financial developments and changes in economic policy. The deteriorating foreign exchange rate in India was responsible for increase in fiscal deficit, gold prices, petrol & diesel prices in India. Timely forecasts of foreign exchange rates can therefore provide valuable information to decision makers, investors, policy makers, corporate and traders. Little literature is available about the possibility of accurately predicting foreign exchange rates. This has encouraged the researchers to take up the present study. Exponential Moving Average Crossover Model (EMACO) to forecast the foreign exchange rate in India. Three currencies have been selected for the purpose of study and study period was from 1970 to 2012 (43 years). The study concluded that the EMACO Model helps in forecasting the foreign exchange rate more accurately than their corresponding techniques. The comparison of outcome of forecasting and real-time foreign exchange rate signifies that it is possible to predict the foreign exchange more accurately by adopting Exponential Moving Average Crossover Model.

Entrepreneurship plays an important role in the growth of Indian economy and society. And the social and economical development of women is imperative for the development of a society or Nation. Development of entrepreneurship values , culture and qualitative business development are the major prerequisites for industrial growth. Women have gradually come out of the four walls to all types of economic activities including entrepreneurship or private enterprises in India. Women empowerment through entrepreneurship has become an integral part of developmental efforts for Major three significant reasons: women development, economic growth and social stability in the society.This article talks about emphasizing on women entrepreneurs as the potentially emerging human resources in the 21st century. The primary objective of this paper is to know the problems and challenges of women entrepreneurship in India. In the 21st century womens are are no more additional resources confined to homes they are rather than the educated knowledgeable innovative part of the overall population possessing the capacity to transform economy into thriving enterprises. Findings and results from the analytical and descriptive study some recommendations will be made with a view to promoting the spirit of women entrepreneurship and helping women entrepreneurs become successful in the country.

In this paper, the author explains the nature and behavior of credit deposit ratio of scheduled commercial bank in India from 1980 to 2017 using RBI data. The paper showed trend line,structural breaks,cyclical behavior,volatility and forecast value of 2030 of credit deposit ratio.The paper explores cointegration and vector error correction models for credit deposit ratio,inflation rate,lending rate,GDP and NPA from 1996-97 to 2017-18 in Indian scheduled commercial banks and concludes that there are long run causalities from inflation,GDP, and NPA to lending rate and from credit deposit ratio, inflation rate and GDP to NPA which are significant. But,insignificant long run causalities were found from GDP, inflation, NPA to credit deposit ratio. Moreover, there are significant short run causalities from NPA to inflation rate and from GDP to NPA of scheduled commercial banks in India.

Taxi business comes in various forms; there is the traditional taxi business model, a car-hire service, or a digital taxi business in which online systems such as Apps are used for taxi hailing. ICT revolution has made technologies cheaper, more powerful and improved business processes while also bolstering innovation across all sectors of the economy, resulting to emergence of the digital economy. Digital economy is characterised by the use of electronic technologies to transact business. The prevalent use of technology for businesses has resulted to numerous tax challenges that has ultimately influenced tax compliance. Globally, most countries are faced with a critical need of enhancing tax compliance among their taxpayers. This research therefore attempts examine how the use of Information and Communication Technology (ICT) affect tax compliance of digital taxi businesses in Mombasa County? The research study therefore applies the theory of Technology–Organization–Environment (TOE) to understand the use of Information and Communication Technology (ICT) affect tax compliance of digital taxi businesses in Mombasa County. The study adopts a descriptive research in which we apply cross-sectional study where we will draw samples that are representative of the specific population, with the target population being digital taxi drivers in Mombasa County. Data was collected with the help of questionnaires and analysed using the Statistical Package for Social Sciences (SPSS). The findings of the correlation analysis r=0.659 indicate that there is a strong positive correlation between ICT infrastructure and Tax Compliance. The study recommended that; KRA and policy makers should introduce a simple tax system for digital businesses to enforce and enhance accountability, declaration and payment of taxes due from all taxpayers; while at the same time KRA should also incorporate and adopt enhanced technologies that will assist in tracking digital taxi business operators? behaviour so as to improve tax compliance. The research recommends further researches on other factors such as organization structures, trade and government regulations that might also affect tax compliance for digital taxi businesses.

The purpose of this paper was to establish the effects of credit risk and loan repayment on Kenya Power profitability. The increase in Kenya Power customer base has been a major challenge as majority of the customers especially the rural customers cannot afford to connect to the power grid due to high connectivity costs. Descriptive research design was used for this study and the target population was all 47 County managers in Kenya where respondents were selected using stratified sampling technique. The sample size used was 42 respondents and primary data was obtained by use of questionnaires whereas secondary data was obtained from the Kenya Power, Coast region. The study recommends that the Kenya Power should lower the amount required as deposit so as to increase the uptake stima loan by customers. The study also recommends that stima loan processing fee should be factored as major income to the Kenya Power as it increases profitability of the company.

The term Demonetization has become a household name since the government pulled the old Rs 500 and Rs 1,000 currency notes out of circulation. It is a transformational decision taken by the government to ban the Rs.500 and Rs.1000 currency notes from circulation in the market. This Demonetization of INR 500 and INR 1,000 currency notes in India on November 8th 2016 is different from many other earlier occasions scrapping of high value notes in two respects – the withdrawal of their legal tender status and continuation with INR 1,000 and INR 2,000 currency notes. It has resulted in a cash shortage and many other forms of inconveniences to the public, which were expressed in the present survey. The present paper highlights the consequences of this decision on various economic variables and entities. Despite major developments in paperless currency over the past decade, tangible cash remains widely used throughout the India. Therefore, one of the main motivates behind this study is to find out the impact of Demonetization with the direct views of residents of Guntur city by way of conducting a survey. The perceptions of the select respondents revealed quite interesting findings, which are presented in this paper.

The subject of human resource is an important factor to improve manager’s characteristic as world-class talent and devolution and empowerment of employees. In the twenty-first century the significance of human intellectual capital in most necessary than other capital in an organization. Humans determine the value of organization due to their skill and specialization. They play a vital role in an organization along with its physical properties and in investment. Managers spend a lot of money for educating and training their workers and employees in order to increase the efficiency of the organizations managers function is the key to success and to achieve this objective, they must review and evaluate human resource data. Managers without proper information cannot function and take proper decisions. Human resource accounting while accounting principles in an organization is to conduct basic research to the extent of the human resource accounting information which affect the employees personal performance in human resource accounting analysis, criteria and valuation of cost and manpower is the main resource in each company. Human resource accounting is main part of the social accounting and aims to provide information and evaluation of managers decision-making. This article shows the important role of human resource accounting of managers decision-makings in organizations and studies how managers can put the human resource value in balance sheet by different models and collecting primary data in making questionnaires of some selected company and contribution of managers of organization and how much human resource accounting affect on managers decision-makings.