International Journal of Economics, Finance and Management Sciences

Volume 4, Issue 5, October 2016

  • Research on Financing Model of the Chinese SMEs in Supply Chain Finance

    Yangyang Hu, Fang Wang

    Issue: Volume 4, Issue 5, October 2016
    Pages: 235-240
    Received: Jul. 19, 2016
    Accepted: Jul. 29, 2016
    Published: Aug. 15, 2016
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    Abstract: In recent years, with the quickly development of the supply chain finance, the cost of corporate finance would become an important way for enterprises to solve their financial problems. In China, the financing model of supply chain finance mainly for accounts receivable financing, inventory financing pledge financing, advances and financing. Three ... Show More
  • The Research of M&A Performance of Private Listing Corporation Based on Different M&A Incentives

    Cui Zhe, Xie Jia

    Issue: Volume 4, Issue 5, October 2016
    Pages: 241-249
    Received: May 12, 2016
    Accepted: May 27, 2016
    Published: Aug. 17, 2016
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    Abstract: The paper researches the influence on M&A performance from the perspective of the motive of enterprises mergers and acquisitions. The return on assets was selected to be the indicator to measure enterprises’ performance after mergers and acquisitions, and it functioned as the dependent variable. The paper choose the representative company's agent m... Show More
  • Impact of Foreign Direct Investment on Employment Evidence: Zanzibar Tourism Industry

    Ali Othman Abbas, Zhang Xifeng

    Issue: Volume 4, Issue 5, October 2016
    Pages: 250-256
    Received: Sep. 05, 2016
    Accepted:
    Published: Sep. 06, 2016
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    Abstract: With the advent of globalization, there has been a massive surge of Foreign Direct Investment (FDI) inflows into developing countries during the past two decades. Tourism as one of the currently fast growing industries across the world is one of the few service sectors showing concrete and quantitative trading opportunities for all countries, regar... Show More
  • Influence of Sustainable Logistics on Operational Performance of Timber Processing Firms in Nakuru County

    Caroline Mundia

    Issue: Volume 4, Issue 5, October 2016
    Pages: 257-262
    Received: Aug. 21, 2016
    Accepted: Sep. 02, 2016
    Published: Sep. 22, 2016
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    Abstract: This study was informed by the literature gap on the relationship between sustainable logistics and operational performance, especially among processing firms in Kenya. It aimed at establishing the influence of sustainable logistics on operational performance of timber processing firms in Nakuru County. Data for the study was collected from Comply ... Show More
  • A Test of Asymmetric Volatilityin the Nigerian Stock Exchange

    Aguda Niyi A.

    Issue: Volume 4, Issue 5, October 2016
    Pages: 263-268
    Received: Mar. 08, 2016
    Accepted: May 12, 2016
    Published: Sep. 28, 2016
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    Abstract: This study seeks to test for the presence of asymmetric effect in the Nigerian Stock Exchange. In order to achieve the objective of the study, the researcher obtains the average market return, the equilibrium market returns generated by the risk factors of the APT, and then subjects them to asymmetric tests using the TAR-GARCH technique. Findings f... Show More
  • Money Supply as a Conduit of the Consumption in the Saudi Economy: A Co-integration Approach

    Abdulaziz Hamad Algaeed

    Issue: Volume 4, Issue 5, October 2016
    Pages: 269-274
    Received: Aug. 30, 2016
    Accepted: Sep. 08, 2016
    Published: Sep. 28, 2016
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    Abstract: This paper focuses on exploring the conduit through which wealth, aggregated by broad money supply, affects the real private consumption in the Saudi economy. In other words, the relationship between money supply (proxy of wealth), among other variables, and the real private consumption function. This study covers the period of 1985-2014. The short... Show More
  • Accounting Implications of Cost Involvement in Peace-keeping on the Economic Growth of Nigeria: The Case of Niger-Delta

    Akabom Ita Asuquo, Egbe Esso Dickson, Chinenyenwa Blessing Emechebe, Ebri Okobe Uduma

    Issue: Volume 4, Issue 5, October 2016
    Pages: 275-283
    Received: Mar. 21, 2016
    Accepted: Apr. 18, 2016
    Published: Oct. 11, 2016
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    Abstract: The study on accounting implications of cost involvement in peacekeeping on the economic growth of Nigeria; the case of militancy in the Niger-delta region was designed to ascertain the extent of cost involvement by government in peace-keeping and its implications on the economy. For this purpose, secondary data were obtained from the Central Bank ... Show More
  • The Four Dimensional Design and Application of Experience Bank

    Mengxin Qi

    Issue: Volume 4, Issue 5, October 2016
    Pages: 284-291
    Received: Oct. 13, 2016
    Accepted:
    Published: Oct. 13, 2016
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    Abstract: This paper discusses that under the background of experience economy, how can traditional banks transform and upgrade their environments, services, products and marketing through cloud computing, big data, mobile communication, social network, and Internet of Things, so as to create quality customer experience.
  • Study of Interactive Development Model of Producer Services and Manufacturing Industry Based on Symbiotic Theory

    Bohui Pang

    Issue: Volume 4, Issue 5, October 2016
    Pages: 292-297
    Received: Oct. 13, 2016
    Accepted:
    Published: Oct. 13, 2016
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    Abstract: Although the relationship between producer services and manufacturing industry has become the focus, the related theoretical problem has been little investigated. From the perspective of symbiosis theory, this paper analyzes the interactive development model of producer services and manufacturing, and analyzes respectively the symbiosis organizatio... Show More
  • Economic Impact of MAB Microfinance Program on Borrowers Household: Evidence from Rural Area of Bangladesh

    Shamsuddin Ahamad, Rosni Bakar, Zulkarnain Lubis

    Issue: Volume 4, Issue 5, October 2016
    Pages: 298-302
    Received: Sep. 08, 2016
    Accepted: Sep. 21, 2016
    Published: Oct. 17, 2016
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    Abstract: Bangladesh is a pioneer and home of conceptualizing microfinance program. It has taken so many programs to reduce poverty and bring about socio-economic changes in the rural community. Since 1993, Muslim Aid UK, Bangladesh (MAB) is working with poor vulnerable people to improve their socioeconomic status through delivering interest-free microfinanc... Show More
  • Effect of Firm Size on Corporate Borrowing of Oil and Gas Firms in Nigeria

    Inyiama Oliver Ikechukwu, Ubesie Cyril Madubuko

    Issue: Volume 4, Issue 5, October 2016
    Pages: 303-308
    Received: Aug. 17, 2016
    Accepted: Aug. 29, 2016
    Published: Oct. 18, 2016
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    Abstract: The purpose of the research was to investigate to what extent the size of a firm in Nigeria oil and gas industry affects the magnitude of external borrowings. The study went further to examine the relationship between firm size and financial leverage in the same industry; as well as the causal relationship among the variables under study. Simple re... Show More
  • The Banking System and the Derivatives: The State of the Art and the Management Mechanisms

    Mostéfaoui Sofiane, Yousfat Ali

    Issue: Volume 4, Issue 5, October 2016
    Pages: 309-313
    Received: Jan. 03, 2016
    Accepted: Apr. 05, 2016
    Published: Oct. 27, 2016
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    Abstract: The financial transactions witnessed an explosion and huge dealings with financial derivatives. The sense of these assets comes from the dependence of their values on the principal ones (the original asset: bond, equity, exchange rate…). The objective behind the emergence and the wide uses of them is to hedge the financial securities against risks ... Show More
  • Evaluation on Traditional Commercial Street Space Quality of Tourism Ancient Town in China---- A Case of Xing’ping Town

    Wen-Yi Fan, Noel B. Salazar

    Issue: Volume 4, Issue 5, October 2016
    Pages: 314-320
    Received: Nov. 02, 2016
    Accepted:
    Published: Nov. 03, 2016
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    Abstract: This exploratory paper investigates traditional commercial street space quality in tourism ancient town to inspect its adaptability in tourism environment and improve its management. Existing literatures have highlighted the role of street quality at different aspects but most with a narrow focus on urban city design. However, this paper regards tr... Show More