This study is an
effort to examine the role of board size on the non performing loans of
Cambodian banking sector. Undoubtfully non-performing loans are the biggest
problem for the developing countries and Cambodia has no exception. However, we
also include the role of the profits in the non-performing loans of the
Cambodian banks. We have collected the whole banking non-performing loans from
the central bank of Cambodia over the period of 10 years. We collected the data
of Board size and performance has been collected from the annual published
statements by the banks. After applying the regression analysis, we have found
that board size has positive response to the non-performing loans of the
Cambodian banks, this relationship explains the agency effect. More
interestingly we also found that higher the profits the banks are more likely
to generate more non-performing loans.
Saturday, 31 August 2019
Friday, 30 August 2019
Determinants of Customer Satisfaction in Pakistan Telecommunication
Customer satisfaction is a fundamental
marketing construct over the last three decades. It the past a less attention
was given to the customer satisfaction as companies gave more importance to
attract new customers than retaining the existing customers. However presently
companies focus on the customer satisfaction especially in the service
producing companies and set it as high priority operational goals. Thus, this
study is an effort to identify the factors influencing the customer
satisfaction in Pakistan telecommunication industry along with the mediating
role of the service quality.
A well-structured questionnaire was
distributed among the customers of four leading telecommunication companies
operating in Pakistan. Results showed that switching cost have significant
negative influence on the customer satisfaction that means that if a company
have higher switching cost barriers people are hesitate to use their services.
Because of these barriers people think that if in future they want to move to
other services they need to bear not only economic cost but also the social
cost. Thus, customer hesitate to use such services that have higher switching
cost.
This study is important for the
practitioners as well. As this study gives them idea how they can satisfy their
customer and what things they supposed to do to retain the customers for the
long run. They must invest more and more in their customer relationship management
department to fix out their customer problems on spot and to utilized that data
to make things better to make it sure that such kind of problems will not face
by the rest of the customers. The study concluded that if companies have focus
on the better customer relationship management, their service quality is
getting more and more better that ultimately satisfy the customer and keep them
for long time period.
An Empirical Approach to Job Resourcefulness and Employees Outcome in Hospitality Industry
The basic aim of this
study is enlightened the effect of job resourcefulness and employee outcomes on
the hospitality industry. In present era of competition and continuous change
in overall environment provide considerable opportunities to impose their
policies to human capital so that their productivity and organizational
performance may increase. Indeed, the human asset is an important resource for
any association. Occupation nature and nuts and bolts of employment give to the
workforce a sound aggressive condition. Specialist fulfillment may increment to
give them these assets with the goal that authoritative presentation may
increment. The present investigation was led to break down the occupation
genius (JR) on two representative results e.g., work commitment and vocation
fulfillment legitimately notwithstanding in a roundabout way through client
direction. An example of 257 representatives from friendliness segment of the
capital city of Pakistan, Islamabad is utilizing non-likelihood comfort
testing. Questionnaires were utilized to gather information from respondents
and five-point likert scales was utilized. Occupation creativity was estimated
by four things adjusted from [1] while client direction was estimated with four
things adjusted from [2]. Five things were browsed profession fulfillment scale
set up by [3]. Finally, nine things size of occupation commitment made by [4]
was in like manner used. In the wake of breaking down the gathered information,
it was discovered that every one of the factors have positive and huge
relationship. Moreover, it was additionally discovered that client direction
assumes an intervening job between the relationship of occupation creativity
and workers results. Proposals for future research just as commonsense
ramifications are furthermore discussed toward the end.
Personality Traits and Investor Decisions
In the financial
market, investor are considered as rational. They have knowledge and
information about for financial market. But still they have not same output so
that investor can be divided into high and low risk tolerance because higher
the risk higher the return. Prior researcher identifies some Personality traits
and psychological biases shows. This study aim to identify the high/ low
financial risk tolerance associated with each big five which are Extraversion,
Agreeableness, Conscientiousness, neuroticism and Openness to experience. This
study also checks the Psychological biases which is significant with these five
personality traits. We circulated 150 questionnaires among the investors
trading in Pakistan stock exchange in which 120 questionnaires are received
back for 2018. The multiple results finding show the positive relationship
between Conscientiousness, neuroticism and Openness are found in our study.
Friday, 23 August 2019
Oil Prices Shock in Indian Stock and Oil Market
India highly relies on
the foreign crude oil supply, hence many listed firms in the National Stock
Exchange trade accord the crude oil prices. In this study, we materialize Brent
Oil prices impact on three important Sectoral Indices, stock prices of NIFTY
along with NIFTY 500 Index. Each sector accommodates those stocks, which endure
a close relationship with the crude oil prices. We followed the model developed
by (Lutz Killian, Cheolbeom Park, 2009) for selecting the sectoral indices and
variable in oil market components. VAR and FEVD model assist us in
understanding what determines Indian Oil market prices and whether oil prices
affect the NIFTY sectoral index stock prices. We construct growth model to
assess study further and followed guideline and tests, which are essential for
VAR analyses. It is observed that only energy sectoral index respond to oil
shock and global oil production impact Indian oil demand and oil prices whereas
domestically oil price are determine by oil reserves and oil supply in India.
This study advocates for requirement of Indian oil reserves but does not
provide any cost based analysis.
Impact of News of the Subprime Crisis on Bank Stock Returns
This study examines
the impact of news of the unfolding subprime crisis on bank stock returns. The
study period covered is from Mar. 2007 to Sept. 2008, covering a variety of
events such as Fed rate cuts and companies announcing huge losses and/or filing
for bankruptcy. The methodology adopted in the study is the event study
methodology. The ACAR (Average Cumulative Abnormal Return) of a sample of bank
stocks taken before and after the news are compared using the
independent-samples t-test. The results of the study indicate that there was no
consistent pattern of reaction to the news of the subprime crisis as it
unfolded, and that bank stocks may not have been affected by the subprime
crisis to the same extent as the overall market. In particular, the initial
news about the housing market bubble, in between the first Fed rate cut, and
the climax, the bankruptcy of Lehmann Brothers, all seem to have affected the
overall market much more than the banking sector stocks.
Testing the Stationarity of Beta for IT Sector Stocks in Indian Stock Markets
The objective of the
study is to test for time-varying beta for information technology (IT) sector
stocks in Indian stock markets. The study was performed using a sample of nine
IT sector stocks listed on the Bombay Stock Exchange, India, through the
application of univariate Analysis of Covariance (ANCOVA) on betas calculated
for five sub-periods within a study period of 10 years: Stagnant phase (Apr. 2001
- Mar. 2003), Growth phase (Apr. 2003 - Mar. 2005), Boom phase (Apr. 2005 -
Dec. 2007), Depression phase (Jan. 2008 - Mar. 2009), and Steady phase (Apr.
2009 - Mar. 2011). The results indicate that the betas were relatively
stationary over time for all of the sample stocks. This suggests that beta can
be taken to be stationary for IT sector stocks in Indian stock markets.
Thursday, 22 August 2019
A Review of Novel Methods of the Treatment of Cancer by Bacteria
Nowadays, the attention of
nanoparticle-bearing bacteria as drug carrier is increasing with decreasing
side effects in the treatment of cancer. Nanoparticles have better release and
selectivity with less toxicity .Due to the cost-effectiveness of using bacteria
and the conditions for the growth of drug delivery with nanoscale particles
that is less in size and less toxic, it has been the goal of drug delivery. Targeted
drug delivery with nano carriers is possible to control the location, timing,
and speed of drug release. Anaerobic gram-negative bacteria such as Salmonella
and E. coli and also beneficial intestinal bacteria, including bacterial
Bifidium. have been used in the treatment of cancer that are in clinical trials
of laboratory studies. In this review article, we are trying to draw up new
related patterns that provide effective ways for research and future
achievements by reviewing novel bacteria-targeted drug delivery methods.
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