Abstract: The purpose of this study is analyzing the relationship
between trust and social capital of people with using Social Network
Analysis. In this study, two aspects of social capital will be focused:
Bonding, homophilous social capital (BoSC), and Bridging,
heterophilous social capital (BrSC). These two aspects diverge each
other regarding to the social theories. The other concept of the study
is Trust (Tr), namely interpersonal trust, willing to ascribe good
intentions to and have confidence in the words and actions of other
people. In this study, the sample group, 61 people, was selected from
a private firm from the defense industry. The relation between
BoSC/BrSC and Tr is shown by using Social Network Analysis
(SNA) and statistical analysis with Likert type-questionnaire. The
results of the analysis show the Cronbach’s alpha value is 0.756 and
social capital values (BoSC/BrSC) is not correlated with Tr values of
the people.
Abstract: Computer education is referred to as the knowledge
and ability to use computers and related technology efficiently, with a
range of skills covering levels from basic use to advance. Computer
continues to make an ever-increasing impact on all aspect of human
endeavours such as education. With numerous benefits of computer
education, what are the insights of students on computer education?
This study investigated the perception of senior secondary school
students on computer education in Federal Capital Territory (FCT),
Abuja, Nigeria. A sample of 7500 senior secondary schools students
was involved in the study, one hundred (100) private and fifty (50)
public schools within FCT. They were selected by using simple
random sampling technique. A questionnaire [PSSSCEQ] was
developed and validated through expert judgement and reliability coefficient
of 0.84 was obtained. It was used to gather relevant data on
computer education. Findings confirmed that the students in the FCT
had positive perception on computer education. Some factors were
identified that affect students’ perception on computer education. The
null hypotheses were tested using t-test and ANOVA statistical
analyses at 0.05 level of significance. Based on these findings, some
recommendations were made which include competent teachers
should be employed into all secondary schools. This will help
students to acquire relevant knowledge in computer education,
technological supports should be provided to all secondary schools;
this will help the users (students) to solve specific problems in
computer education and financial supports should be provided to
procure computer facilities that will enhance the teaching and the
learning of computer education.
Abstract: Sewage sludge is a biomass resource that can create a
solid fuel and electricity. Utilizing sewage sludge as a renewable
energy can contribute to the reduction of greenhouse gases. In Japan,
the "National Plan for the Promotion of Biomass Utilization" and the
“Priority Plan for Social Infrastructure Development" were approved
at cabinet meetings in December 2010 and August 2012, respectively,
to promote the energy utilization of sewage sludge. This study
investigated costs and greenhouse gas emission in different sewage
sludge treatments with technologies for energy from sewage sludge.
Expenses were estimated based on capital costs and O&M costs
including energy consumption of solid fuel plants and biogas power
generation plants for sewage sludge. Results showed that the cost of
sludge digestion treatment with solid fuel technologies was 8% lower
than landfill disposal. The greenhouse gas emission of sludge
digestion treatment with solid fuel technologies was also 6,390t as
CO2 smaller than landfill disposal. Biogas power generation reduced
the electricity of a wastewater treatment plant by 30% and the cost by
5%.
Abstract: The research investigates the causes of unemployment
in Namibia, Nigeria and South Africa and the role of Capital
Accumulation in reducing the unemployment profile of these
economies as proposed by the post-Keynesian economics. This is
conducted through extensive review of literature on the NAIRU
models and focused on the post-Keynesian view of unemployment
within the NAIRU framework. The NAIRU (non-accelerating
inflation rate of unemployment) model has become a dominant
framework used in macroeconomic analysis of unemployment. The
study views the post-Keynesian economics arguments that capital
accumulation is a major determinant of unemployment.
Unemployment remains the fundamental socio-economic challenge
facing African economies. It has been a burden to citizens of those
economies. Namibia, Nigeria, and South Africa are great African
nations battling with high unemployment rates. The high
unemployment rate in the country led the citizens to chase away
foreigners in the country claiming that they have taken away their
jobs. The study proposes there is a strong relationship between
capital accumulation and unemployment in Namibia, Nigeria, and
South Africa, and capital accumulation is responsible for high
unemployment rates in these countries. For the economies to achieve
steady state level of employment and satisfactory level of economic
growth and development, there is need for capital accumulation to
take place. The countries in the study have been selected after a
critical research and investigations. They are selected based on the
following criteria; African economies with high unemployment rates
above 15% and have about 40% of their workforce unemployed. This
level of unemployment is the critical level of unemployment in
Africa as expressed by International Labour Organization (ILO). And
finally, the African countries experience a slow growth in their Gross
fixed capital formation. Adequate statistical measures have been
employed using a time-series analysis in the study and the results
revealed that capital accumulation is the main driver of
unemployment performance in the chosen African countries. An
increase in the accumulation of capital causes unemployment to
reduce significantly. The results of the research work will be useful
and relevant to federal governments and ministries, departments and
agencies (MDAs) of Namibia, Nigeria and South Africa to resolve
the issue of high and persistent unemployment rates in their
economies which are great burden that slows growth and
development of developing economies. Also, the result can be useful
to World Bank, African Development Bank and International Labour
Organization (ILO) in their further research and studies on how to
tackle unemployment in developing and emerging economies.
Abstract: Laura Island, which is located about 50 km away from
downtown, is a source of water supply in Majuro atoll, which is the
capital of the Republic of the Marshall Islands. Low and flat Majuro
atoll has neither river nor lake. It is very important for Majuro atoll to
ensure the conservation of its water resources. However, upconing,
which is the process of partial rising of the freshwater-saltwater
boundary near the water-supply well, was caused by the excess
pumping from it during the severe drought in 1998. Upconing will
make the water usage of the freshwater lens difficult. Thus,
appropriate water usage is required to prevent up coning in the
freshwater lens because there is no other water source during drought. Numerical simulation of water usage applying SEAWAT model
was conducted at the central part of Laura Island, including the water
supply well, which was affected by upconing. The freshwater lens was
created as a result of infiltration of consistent average rainfall. The lens
shape was almost the same as the one in 1985. 0 of monthly rainfall
and variable daily pump discharge were used to calculate the
sustainable pump discharge from the water supply well. Consequently,
the total amount of pump discharge was increased as the daily pump
discharge was increased, indicating that it needs more time to recover
from upconing. Thus, a pump standard to reduce the pump intensity is
being proposed, which is based on numerical simulation concerning
the occurrence of the up-coning phenomenon in Laura Island during
the drought.
Abstract: The goal of this paper is to specify factors influencing
the profitability of selected banks. Next, a model will be created to
help establish variables that have a demonstrable influence on the
development of the selected banks' profitability ratios. Czech banks
and their international parent companies were selected for analyzing
profitability. Banks categorized as large banks (according to the
Czech National Bank's system, which ranks banks according to
balance sheet total) were selected to represent the Czech banks. Two
ratios, the return on assets ratio (ROA) and the return on equity ratio
(ROE) are used to assess bank profitability. Six endogenous and four
external indicators were selected from among other factors that
influence bank profitability. The data analyzed were for 2001–2013.
First, correlation analysis, which was supposed to eliminate
correlated values, was conducted. A large number of correlated
values were established on the basis of this analysis. The strongly
correlated values were omitted. Despite this, the subsequent
regression analysis of profitability for the individual banks that were
selected did not confirm that the selected variables influenced their
profitability. The studied factors' influence on bank profitability was
demonstrated only for Ceskoslovenska Obchodni Banka and Société
Générale using regression analysis. For Československa Obchodni
Banka, it was demonstrated that inflation level and the amount of the
central bank's interest rate influenced the return on assets ratio and
that capital adequacy and market concentration influenced the return
on equity ratio for Société Générale.
Abstract: Geological and tectonic framework indicates that
Bangladesh is one of the most seismically active regions in the world.
The Bengal Basin is at the junction of three major interacting plates:
the Indian, Eurasian, and Burma Plates. Besides there are many
active faults within the region, e.g. the large Dauki fault in the north.
The country has experienced a number of destructive earthquakes due
to the movement of these active faults. Current seismic provisions of
Bangladesh are mostly based on earthquake data prior to the 1990.
Given the record of earthquakes post 1990, there is a need to revisit
the design provisions of the code. This paper compares the base shear
demand of three major cities in Bangladesh: Dhaka (the capital city),
Sylhet, and Chittagong for earthquake scenarios of magnitudes
7.0MW, 7.5MW, 8.0MW, and 8.5MW using a stochastic model. In
particular, the stochastic model allows the flexibility to input region
specific parameters such as shear wave velocity profile (that were
developed from Global Crustal Model CRUST2.0) and include the
effects of attenuation as individual components. Effects of soil
amplification were analysed using the Extended Component
Attenuation Model (ECAM). Results show that the estimated base
shear demand is higher in comparison with code provisions leading to
the suggestion of additional seismic design consideration in the study
regions.
Abstract: This paper is concerned with the ways in which
Assisted Reproductive Technologies (ARTs) affect women’s lives
and perceptions regarding their infertility, contraception and
reproductive health. The paper is based on a qualitative feminist
survey study to explore and analyze issues arising from the use of
ARTs by women in New Delhi, the capital of India. A rapid growth in
the number of fertility clinics has been noticed recently. A critical
analysis of interviews revealed that these technologies are used and
developed for making profits at the cost of women’s lives. In this
way, these technologies are influencing and changing the traditional
patterns of motherhood requiring a rethinking about new ways of
reproduction introduced through the use of ARTs.
Abstract: At a global level, water stewardship, water stress and
water security are crucial factors in tourism planning and
development considerations. Challenges associated with water is of
particular concern to the Maldives as there is limited availability of
freshwater, high dependency on desalinated water, and high unit cost
associated with desalinating water. While the Maldives is promoted
as an example of sustainable tourism, a key sustainability challenge
facing tourism dependent communities is the efficient use and
management of available water resources. A water crisis event in the
capital island of Maldives highlighted how precarious water related
issues are in this tourism dependent destination. Applying
netnography, the focus of this working paper is to present community
perceptions of how government policies addressed Malé Water and
Sewerage Company (MWSC) water crisis event.
Abstract: The last two decades witnessed a movement towards
harmonization of international financial reporting standards (IFRS)
throughout the global economy. This investigation seeks to identify
the factors that could explain the adoption of IFRS by poor
jurisdictions. While there has been a considerable amount of
literature published on the effects and key drivers of IFRS adoption
in both developed and developing countries, little attention has been
paid to jurisdictions with less developed capital markets and low
income levels exclusively. Drawing upon the Institutional Isomorphism theory and analyzing
a sample of 45 poor jurisdictions between 2008 and 2013, the study
empirically shows that poor jurisdictions are driven by legitimacy
concerns rather than by economic reasoning to adopt an international
accounting perspective. This in turn has implications for the IASB, as
it should seek to influence institutional pressures within a particular
jurisdiction in order to promote IFRS adoption.
Abstract: Processing of high-silicon bauxite on the base of the
traditional clinkering method is related to high power consumption
and capital investments, which makes production of alumina from
those ores non-competitive in terms of basic economic showings. For
these reasons, development of technological solutions enabling to
process bauxites with various chemical and mineralogical structures
efficiently with low level of thermal power consumption is important.
Flow sheet of the studies on washability of ores from the Timanskoe
and the Severo-Onezhskoe deposits is on the base of the flotation
method.
Abstract: Predicting earnings management is vital for the capital
market participants, financial analysts and managers. The aim of this
research is attempting to respond to this query: Is there a significant
difference between the regression model and neural networks’
models in predicting earnings management, and which one leads to a
superior prediction of it? In approaching this question, a Linear
Regression (LR) model was compared with two neural networks
including Multi-Layer Perceptron (MLP), and Generalized
Regression Neural Network (GRNN). The population of this study
includes 94 listed companies in Tehran Stock Exchange (TSE)
market from 2003 to 2011. After the results of all models were
acquired, ANOVA was exerted to test the hypotheses. In general, the
summary of statistical results showed that the precision of GRNN did
not exhibit a significant difference in comparison with MLP. In
addition, the mean square error of the MLP and GRNN showed a
significant difference with the multi variable LR model. These
findings support the notion of nonlinear behavior of the earnings
management. Therefore, it is more appropriate for capital market
participants to analyze earnings management based upon neural
networks techniques, and not to adopt linear regression models.
Abstract: This work explores the inter-region investment
behaviors of Integrated Circuit (IC) design industry from Taiwan to
China using the amount of foreign direct investment (FDI). According
to the mutual dependence among different IC design industrial
locations, Lotka-Volterra model is utilized to explore the FDI
interactions between South and East China. Effects of inter-regional
collaborations on FDI flows into China are considered. The analysis
results show that FDIs into South China for IC design industry
significantly inspire the subsequent FDIs into East China, while FDIs
into East China for Taiwan’s IC design industry significantly hinder
the subsequent FDIs into South China. Because the supply chain along
IC industry includes upstream IC design, midstream manufacturing, as
well as downstream packing and testing enterprises, IC design industry
has to cooperate with IC manufacturing, packaging and testing
industries in the same area to form a strong IC industrial cluster.
Taiwan’s IC design industry implement the largest FDI amount into
East China and the second largest FDI amount into South China
among the four regions: North, East, Mid-West and South China. If IC
design houses undertake more FDIs in South China, those in East
China are urged to incrementally implement more FDIs into East
China to maintain the competitive advantages of the IC supply chain in
East China. On the other hand, as the FDIs in East China rise, the FDIs
in South China will successively decline since capitals have
concentrated in East China. In addition, this investigation proves that
the prediction of Lotka-Volterra model in FDI trends is accurate
because the industrial interactions between the two regions are
included. Finally, this work confirms that the FDI flows cannot reach a
stable equilibrium point, so the FDI inflows into East and South China
will expand in the future.
Abstract: This paper seeks to assess the implications of bank
consolidation on lending, which largely determine the survival and
performance of small and medium scale enterprises and in turn the
development of the Nigerian economy. Ordinary least square
technique, correlation matrix test and Granger –causality test were
employed to measure the extent to which lending to small and
medium scale enterprises were influenced. The result showed that
bank deposit (BD) impacted on lending to small and medium scale
enterprises. Commercial and merchant bank lending rate had
statistically insignificant effect on the dependent variable. There is a
shift of focus by commercial banks from small and medium scale
enterprises (small customers) to major investors (big customers).
While micro finance banks work hard at providing funds to small and
medium scale entrepreneurs, their capacity to meet the needs of these
entrepreneurs is constrained. The capital and deposits of micro
finance bank should be boosted in order to effectively support small
and medium scale enterprises through loans.
Abstract: Damaturu is the capital of Yobe State in northeastern
Nigeria where civic amenities and facilities are not adequate even
after 24 years of its existence. The volatile security and political
situations are most significant causes for the same. The basic facility
for the citizens in terms of drinking water and electricity are not
available. For the drinking water, they have to rely on personal
boreholes or the filtered borehole waters available in packaged
sachets in market. The present study is concerned with environmental
impact of indiscriminate disposal of drinking synthetic polythene
water sachets in Damaturu. The sachet water is popularly called as
“pure water”, but its purity is questionable. Increased production and
consumption of sachet water has led to indiscriminate dumping and
disposal of empty sachets leading to serious environmental threat.
The evidence of this is seen for sachets littering the streets and the
drainages blocked by ‘blocks’ of water sachet waste. Sachet water
gained much popularity in Nigeria because the product is convenient
for use, affordable and economically viable. The present study aims
to find out the solution to this environmental problem. The fieldbased
study has found some significant factors that cause
environmental and socio economic effect due to this. Some
recommendations have been made based on research findings
regarding sustainable waste management, recycling and re-use of the
non-biodegradable products in society.
Abstract: In many countries, governments have been promoting the involvement of private sector entities to enter into long-term agreements for the development and delivery of large infrastructure projects, with a focus on overcoming the limitations upon public fund of the traditional approach. The involvement of private sector through public private partnerships (PPP) brings in new capital investments, value for money and additional risks to handle. Worldwide research studies have shown that an objective, systematic, reliable and useroriented risk assessment process and an optimal allocation mechanism among different stakeholders is crucial to the successful completion. In this framework, this paper, which is the first stage of a research study, aims to identify the main risks for the delivery of PPP projects. A review of cross-countries research projects and case studies was performed to map the key risks affecting PPP infrastructure delivery. The matrix of mapping offers a summary of the frequency of factors, clustered in eleven categories: construction, design, economic, legal, market, natural, operation, political, project finance, project selection and relationship. Results will highlight the most critical risk factors, and will hopefully assist the project managers in directing the managerial attention in the further stages of risk allocation.
Abstract: This paper seeks to assess the implications of bank
consolidation on the performance of small and medium scale
enterprises in the Nigerian economy. Multiple linear regression
technique and correlation matrix test were employed to measure the
extent to which small and medium scale enterprises asset size,
survival and access to credit were influenced. The result showed that
bank deposit (BD) and bank credit (L or BC) impacted on asset size
and survival of small and medium scale enterprises. None of the
variables had significant impact on SMEs access to credit. There is a
shift of focus by commercial banks away from small and medium
scale enterprises (small customers), which is evidenced by the
significant negative influence of bank credit to both the survival and
asset size of small and medium enterprises. While micro finance
banks work hard at providing funds to small and medium scale
entrepreneurs, their capacity to meet the needs of these entrepreneurs
is constrained. CBN should make policies that will boost micro
finance bank’s capital and also monitor closely the management of
the banks to ensure prudent financing of small and medium scale
investments.
Abstract: Financial innovations can be regarded as the cause
and the effect of the evolution of the financial system. Most of
financial innovations are created by various financial institutions for
their own purposes and needs. However, due to their diversity,
financial innovations can be also applied by various business entities
(other than financial institutions).
This paper focuses on the potential application of financial
innovations by non-financial companies. It is assumed that financial
innovations may be effectively applied in all fields of corporate
financial decisions integrating financial management with the risk
management process. Appropriate application of financial
innovations may enhance the development of the company and
increase its value by improving its financial situation and reducing
the level of risk. On the other hand, misused financial innovations
may become the source of extra risk for the company threatening its
further operation.
The main objective of the paper is to identify the major types of
financial innovations offered to non-financial companies by the
banking system in Poland. It also aims at identifying the main factors
determining the creation of financial innovations in the banking
system in Poland and indicating future directions of their
development.
This paper consists of conceptual and empirical part. Conceptual
part based on theoretical study is focused on the determinants of the
process of financial innovations and their application by the nonfinancial
companies. Theoretical study is followed by the empirical
research based on the analysis of the actual offer of the 20 biggest
banks operating in Poland with regard to financial innovations
offered to SMEs and large corporations. These innovations are
classified according to the main functions of the integrated financial
management, such as financing, investment, working capital
management and risk management.
Empirical study has proved that the biggest banks operating in the
Polish market offer to their business customers many types and
classes of financial innovations. This offer appears vast and adequate
to the needs and purposes of the Polish non-financial companies. It
was observed that financial innovations pertained to financing
decisions dominate in the banks’ offer. However, due to high
diversification of the offered financial innovations, business
customers may effectively apply them in all fields and areas of
integrated financial management. It should be underlined, that the
banks’ offer is highly dispersed, which may limit the implementation
of financial innovations in the corporate finance. It would be also
recommended for the banks operating in the Polish market to
intensify the education campaign aiming at increasing knowledge
about financial innovations among business customers.
Abstract: This study analyzes the critical gaps in the
architecture of European stability and the expected role of the
banking union as the new important step towards completing the
Economic and Monetary Union that should enable the creation of
safe and sound financial sector for the euro area market. The single
rulebook together with the Single Supervisory Mechanism and the
Single Resolution Mechanism - as two main pillars of the banking
union, should provide a consistent application of common rules and
administrative standards for supervision, recovery and resolution of
banks – with the final aim of replacing the former bail-out practice
with the bail-in system through which possible future bank failures
would be resolved by their own funds, i.e. with minimal costs for
taxpayers and real economy. In this way, the vicious circle between
banks and sovereigns would be broken. It would also reduce the
financial fragmentation recorded in the years of crisis as the result of
divergent behaviors in risk premium, lending activities and interest
rates between the core and the periphery. In addition, it should
strengthen the effectiveness of monetary transmission channels, in
particular the credit channels and overflows of liquidity on the money
market which, due to the fragmentation of the common financial
market, has been significantly disabled in period of crisis. However,
contrary to all the positive expectations related to the future
functioning of the banking union, major findings of this study
indicate that characteristics of the economic system in which the
banking union will operate should not be ignored. The euro area is an
integration of strong and weak entities with large differences in
economic development, wealth, assets of banking systems, growth
rates and accountability of fiscal policy. The analysis indicates that
low and unbalanced economic growth remains a challenge for the
maintenance of financial stability and this problem cannot be
resolved just by a single supervision. In many countries bank assets
exceed their GDP by several times and large banks are still a matter
of concern, because of their systemic importance for individual
countries and the euro zone as a whole. The creation of the Single
Supervisory Mechanism and the Single Resolution Mechanism is a
response to the European crisis, which has particularly affected
peripheral countries and caused the associated loop between the
banking crisis and the sovereign debt crisis, but has also influenced
banks’ balance sheets in the core countries, as the result of crossborder
capital flows. The creation of the SSM and the SRM should
prevent the similar episodes to happen again and should also provide
a new opportunity for strengthening of economic and financial
systems of the peripheral countries. On the other hand, there is a
potential threat that future focus of the ECB, resolution mechanism
and other relevant institutions will be extremely oriented towards
large and significant banks (whereby one half of them operate in the
core and most important euro area countries), and therefore it remains
questionable to what extent will the common resolution funds will be used for rescue of less important institutions. Recent geopolitical
developments will be the optimal indicator to show whether the
previously established mechanisms are sufficient enough to maintain
the adequate financial stability in the euro area market.
Abstract: This study makes an integrated investigation on how
life satisfaction is associated with the Korean game users'
psychological variables (self-esteem, game and life self- efficacy),
social variables (bonding and bridging social capital), and
demographic variables (age, gender). The data used for the empirical
analysis came from a representative sample survey conducted in South
Korea. Results show that self-esteem and game efficacy were an
important antecedent to the degree of users’ life satisfaction. Both
bonding social capital and bridging social capital enhance the level of
the users’ life satisfaction. The importance of perspectives as well as
their implications for the game users and further associated research is
explored.