identifier,author,title,date,source,publisher,language,doi,url,abstract,file
oai:ojs.pkp.sfu.ca:article/10,"O. Okon, Emmanuel","Small and Medium Scale Enterprises, Employment and Income Generation in Nigeria: A Focus on Professional Sports Viewing and Betting Centers",2018,Asian Finance & Banking Review; Vol. 2 No. 1 (2018): January-June; 37-48,Asian Finance & Banking Society,eng,10.46281/asfbr.v2i1.10,https://www.cribfb.com/journal/index.php/asfbr/article/download/10/11,"Given Nigeria’s high unemployment and poverty figures and the expected roles from SMEs, the Nigerian government had in the past devised policies and incentives for the development of small and medium scale Enterprises. In spite of all these efforts by the government, both at federal, state, and local government levels, to ensure the growth of SMEs in Nigeria, some key factors have been claimed to be responsible for their perceived failure in Nigeria. However, this paper focuses on new SMEs that have emerged in the form of professional sports and betting centers which are creating jobs and generated income in Nigeria and Africa in general. The sport and betting center businesses like any SME require serious attention so that their developmental role and sustainability will provide the much needed sustainable development of Nigeria with regard to job and wealth creation. This paper examines the challenges and way forward for sport viewing and betting centre businesses in Nigeria.",asfbr-10.pdf
oai:ojs.pkp.sfu.ca:article/11,"Umasom, Philip",Money Market Instruments and Nigeria Inflation Rate: A Time Series Study,2018,Asian Finance & Banking Review; Vol. 2 No. 2 (2018): July-December; 1-13,Asian Finance & Banking Society,eng,10.46281/asfbr.v2i2.11,https://www.cribfb.com/journal/index.php/asfbr/article/download/11/12,"This study empirically examined the effectiveness of money market instruments on Nigerian inflation rate. The objective is to investigate the existing relationship between money market instruments and Nigerian inflation rate, data was sourced from Central Bank of Nigeria statistical bulletin. Multivariate model were formulated having Inflation Rate (INFR) as the function of Percentage of Treasury Bills to Gross Domestic Product (TB/GDP), Percentage of Stabilization Securities to Gross Domestic Product (STS/GDP), Percentage of Treasury Certificate to Gross Domestic Product (TC/GDP), Percentage of Eligible Development Stock to Gross Domestic Product (EDS/GDP), Percentage of Central Bank of Nigeria Short Term Fund to Gross Domestic Product (CBNSF/GDP) and Percentage of Call Money Scheme to Gross Domestic Product (CMS/GDP). The Ordinary Least Square (OLS) properties of co integration, Augmented Dickey Fuller Unit Root, Granger Causality Test and Vector Error Correction Model (VECM) were employed to determine the relationship between the money market instruments and Nigerian inflation rate. Findings revealed that money market instruments are statistically significant in explaining variation in Nigerian inflation rate. We therefore recommend that the money market should well be structured, properly managed and its operational efficiency enhanced to achieve the monetary policy objective of price stability.",asfbr-11.pdf
oai:ojs.pkp.sfu.ca:article/1233,"Islam, K. M. Anwarul",The Regulatory Framework of E-Commerce,2017,Asian Finance & Banking Review; Vol. 1 No. 1 (2017): July-December; 64-75,Asian Finance & Banking Society,eng,10.46281/asfbr.v1i1.1233,https://www.cribfb.com/journal/index.php/asfbr/article/download/1233/1001,"The era of globalization requires the efficient use of technologies to cope with the modern world and its features. Without technology, no nation can think about take off to development. In the business world development means economic growth and running towards its peak. This peak is attainable only after the appropriate use of unique technologies. Technology saves time and mobilizes the economy. Electronic commerce is rapidly growing as an impressive manifestation of globalization. The rapid expansion of e-commerce is a major opportunity for local and international trade development of LDCs including Bangladesh. This study concentrates only on the regulatory framework of e-commerce.",asfbr-1233.pdf
oai:ojs.pkp.sfu.ca:article/1246,"Islam, K. M. Anwarul",Performance of Foreign Exchange Operation of Private Commercial Banks: A Case on Southeast Bank Limited,2017,Asian Finance & Banking Review; Vol. 1 No. 1 (2017): July-December; 76-82,Asian Finance & Banking Society,eng,10.46281/asfbr.v1i1.1246,https://www.cribfb.com/journal/index.php/asfbr/article/download/1246/1005,"The banking sector is participating in many events on a daily basis. Conversely, the process of banking is become faster, simpler, and more universal all at the same time. They're constantly coming up with various ideas and products to meet customer demand. Banks and other financial services organizations all search for service improvement opportunities in order to gain a competitive advantage in the financial sector. As a result, every person has a banking procedure they should know about. In accordance with their goal, Southeast Bank Limited believes in building together towards tomorrow. To accomplish the goal of getting more customers, the bank demonstrates excellence in all stages while also fostering continual development. With this fast changing competitive climate, banks' strategic plans and networking will help them keep pace with the competition. The overall objective of this research had represented the foreign exchange performance of import, export and foreign remittance of Southeast Bank Limited. This paper examined about import, export and remittance performances have been analyzed and find out some problems relating to foreign exchange activities. Finally this research finished with some possible recommendation and concluding remark of the study. ",asfbr-1246.pdf
oai:ojs.pkp.sfu.ca:article/1249,"Islam, K. M. Anwarul","An Empirical Research on Shinepukur Holdings Ltd: Strategy, Accounting, Ratio, Sensitivity and Prospective Analysis",2017,Asian Finance & Banking Review; Vol. 1 No. 1 (2017): July-December; 83-92,Asian Finance & Banking Society,eng,10.46281/asfbr.v1i1.1249,https://www.cribfb.com/journal/index.php/asfbr/article/download/1249/1006,"This paper examines how Shinepukur holdings ltd is going well or not? The major operations of the company are related to the development of lands and building apartments. Its operating performance is now going down because of the inefficient strategy formulation. The company cannot use its resources in full swings. Real estate customers purchase land or apartments on credit. Sometimes they fail to pay with in due time. Identifying the projects which customers will pay their credit within short term is important in this business. This policy is not followed by shinepukur. Moreover Managers had taken some unprofitable projects which brought negative return for the company. The company’s core businesses are Apartment project and Land project. Competition in real estate industry is increasing day by day. After du-point analysis, we have found that company’s performance is very much sensitive to its profit margin. In the valuation part we have found the company’s present of equity per share is negative where share market price is 28.50 taka in the last trading day of 2015. This figure indicates market price of share is overvalued. Investors should not buy this company’s share. In prospectus analysis we have made forecast for next three years income statement, balance sheet, cash flow statement on the basis of common size statement analysis.",asfbr-1249.pdf
oai:ojs.pkp.sfu.ca:article/1250,"Islam, K. M. Anwarul",Financial Statement Analysis of Beximco Synthetics Limited,2017,Asian Finance & Banking Review; Vol. 1 No. 1 (2017): July-December; 93-100,Asian Finance & Banking Society,eng,10.46281/asfbr.v1i1.1250,https://www.cribfb.com/journal/index.php/asfbr/article/download/1250/1007,"This paper deals with the Financial Statement analysis of Beximco Synthetics Ltd. to get a practical view of how analysis is done using financial statements. We have taken the four year’s (2010-2013) financial statements of the company to complete the whole analysis. In ratio analysis we calculated various ratios such as Internal Liquidity Ratios, Operating Efficiency Ratios, and Ratios for Risk Analysis and Operating Profitability Ratios etc. At first the financial statements were reformulated to get pure views of the trends regarding different items of the statements.",asfbr-1250.pdf
oai:ojs.pkp.sfu.ca:article/1256,"Roy, Gourav; Khan, Md Atiqullah",DOES ELECTION IMPACT ON STOCK MARKET RETURNS IN BANGLADESH?,2021,Asian Finance & Banking Review; Vol. 5 No. 1 (2021): January-December; 1-18,Asian Finance & Banking Society,eng,10.46281/asfbr.v5i1.1256,https://www.cribfb.com/journal/index.php/asfbr/article/download/1256/1011,"This paper investigates the impact of parliamentary general election on the stock market returns by considering the previous fifteen days and the after fifteen days of each of six elections in Bangladesh held between 1991 and 2018. The study analyzed the election effect on stock returns through considering both abnormal returns by choosing 20 stocks as a proxy of portfolio motive of the investors and the broad index returns as a measurement of whole market scenario. The study employed descriptive statistics, t-tests, and F-tests to understand the impact of election by gauging the changes in return series. Descriptive statistics showed very high differences in means, standard deviations, and volatilities. Paired t-tests showed significant differences between the means and F-tests showed significant differences between the variances of the returns during before and after days of these elections. The results were the same for abnormal returns and broad index returns. The impacts of individual election on the returns were also found as the same in most cases. The study has found some very useful insights part of which can benefit the policymakers to reform the policies. The common investors and the financial market participants can also make better investment plan. JEL Classification Codes: D72, G14, P48.",asfbr-1256.pdf
oai:ojs.pkp.sfu.ca:article/1298,"Arif, Md Asaduzzaman",EFFECTS OF SELECTED COMPANY-SPECIFIC VARIABLES IN THE DETERMINATION OF COMPANY LEVERAGE: EVIDENCE FROM TEXTILE INDUSTRY OF BANGLADESH,2021,Asian Finance & Banking Review; Vol. 5 No. 1 (2021): January-December; 19-29,Asian Finance & Banking Society,eng,10.46281/asfbr.v5i1.1298,https://www.cribfb.com/journal/index.php/asfbr/article/download/1298/1025,"The purpose of this study is to investigate the effects of profitability, liquidity, size, tangibility, and asset turnover on the leverage of the textile industry of Bangladesh. This paper analyzed 20 companies out of 56 companies listed in the Dhaka Stock Exchange. The data set is for the periods from 2016 to 2019. To find the effects on the dependent variable, the Fixed Effects Model has been used which has been selected using the Hausman test. To test heteroskedasticity, the Breusch-Pagan heteroskedasticity test has been used. The study found size, profitability, and tangibility having a significant effect. While size and tangibility have a positive impact on leverage, profitability has a negative impact. The findings are diversified in nature. The results are not all consistent with the previous studies conducted in different developing countries. So, the policymakers should have in-depth insights while making decisions.",asfbr-1298.pdf
oai:ojs.pkp.sfu.ca:article/12,"Amit, Sajid",Whither Financial Inclusion? Performance of Bangladesh in the 2017 Global Findex,2018,Asian Finance & Banking Review; Vol. 2 No. 2 (2018): July-December; 14-18,Asian Finance & Banking Society,eng,10.46281/asfbr.v2i2.12,https://www.cribfb.com/journal/index.php/asfbr/article/download/12/13,"On April 19, 2018, the third Global Findex Database was released by the World Bank at the Bank’s Spring Meetings. According to CGAP, this dataset is “the financial inclusion community’s best demand-side measure of financial inclusion globally.” Overall, the dataset points to an increasingly inclusive financial world that is also transitioning to a digital economy. Bangladesh, too, made impressive gains in certain yardsticks for financial inclusion based on this dataset. For instance, the share of people with financial accounts increased from 29 percent to 41 percent, in three years. However, financial inclusion yardsticks should go beyond opening of bank and financial accounts and also encompass usage of accounts. It is only when people are actively using their accounts will we have meaningful financial inclusion.",asfbr-12.pdf
oai:ojs.pkp.sfu.ca:article/1413,"Ansari, Muhammad Ammad; Zaman, Sohaib Uz",IMPACT OF BUYER’S LENIENT POLICY OF RETURN AND TRUST ON INTERNET PURCHASE DECISION IN SUPPLY CHAIN SECTOR OF PAKISTAN,2021,Asian Finance & Banking Review; Vol. 5 No. 1 (2021): January-December; 30-37,Asian Finance & Banking Society,eng,10.46281/asfbr.v5i1.1413,https://www.cribfb.com/journal/index.php/asfbr/article/download/1413/1054,"This article aims to investigate the factors that impact the internet purchase decision in supply chain sector of Pakistan because our mode of purchasing has been changed dramatically as a result of the Internet. An increasing number of individuals prefer online mode of shopping rather than in physical stores. Despite of these benefits there possess some cons of online purchasing like complicated returns, difficult websites, no sales assistance and lack of trust. In this article, impact of two independent variable i.e., lenient policy of return of buyer and trust of buyer was analyzed against the dependent variable internet decision of purchase. A questionnaire of 21 questions was prepared. Data of 100 respondents was collected from buyers of Karachi. Reliability Analysis, ANOVA and regression analysis are performed using SPSS tool to find the results. Study concluded that lenient policy of return of buyer and trust of buyer has positive association with internet decision of purchase in Pakistan which means when buyers are provided with lenient policies for the return of goods for any reason and their trust in seller increases it will impact the decision of purchase positively. Thus, it will be beneficial in terms of chasing market competition and generating higher returns. ",asfbr-1413.pdf
oai:ojs.pkp.sfu.ca:article/1414,"Younus, Zara; Zaman, Sohaib Uz",ECONOMIC CONSEQUENCES AND VARIABLES INFLUENCING THE UPTAKE OF MOBILE FINANCIAL SERVICE IN UNBANKING POPULATION LIKE PAKISTAN,2021,Asian Finance & Banking Review; Vol. 5 No. 1 (2021): January-December; 38-53,Asian Finance & Banking Society,eng,10.46281/asfbr.v5i1.1414,https://www.cribfb.com/journal/index.php/asfbr/article/download/1414/1055,"The growth of digital mobile devices enables the world to integrate and enables the masses to access and use services with optimism, speed and efficiency. These developments are on the rise in Pakistan. Market opportunities for digital financial services in Pakistan are projected to exceed $ 36 billion by 2025, which will increase GDP by 7%, create four million new jobs and generate $ 263 billion in new deposits. This power can only be achieved through a robust and efficient DFS environment. Although Pakistan has a DFS environment, it is unfortunate that so far no research has been done to determine and analyze the economic impact of mobile banking services as well as factors affecting their use in developing countries like Pakistan, to this end, the methodology part will be divided into two parts: the first part will focus on the secondary data to analyze and determine the impact of mobile banking activity on GDP, employment, government taxes for support to reduce non-banking figures in Pakistan. The second part will focus on the primary data that will be used to investigate the influencing variables on the usage of mobile banking services. A self-administered questionnaire has been developed with 250 respondents, which will be distributed to mobile money users to get their ideas on mobile banking services. Its results will be evaluated using the Pearson correlation and multiple regressions. Affective factors are assessed under five factors: risk, perceived trust, cost-effectiveness, accessibility and reliability using biometric analysis method in mobile banking. The study revealed that mobile financial services had positive impact on the economic indicators whereas factors like perceived trust, convenience and perceived risk had a significant influence on the adoption of mobile banking services but perceived cost and reliability were said to have insignificant influence on its adoption.",asfbr-1414.pdf
oai:ojs.pkp.sfu.ca:article/1415,"Mahmud, Imran; Fahad, Hossain Ahmmed; Rahman, Atkia Nabiha","THE NEXUS BETWEEN FIRM SPECIFIC FACTORS, MACROECONOMIC FACTORS AND FIRM PERFORMANCE OF TEXTILE SECTOR OF BANGLADESH",2021,Asian Finance & Banking Review; Vol. 5 No. 1 (2021): January-December; 54-74,Asian Finance & Banking Society,eng,10.46281/asfbr.v5i1.1415,https://www.cribfb.com/journal/index.php/asfbr/article/download/1415/1056,"The purpose of this study is to identify the determinant factors of the profitability of textile sector of Bangladesh. To achieve this, a sample of 31 textile companies for the period of 2011 to 2019 is used. Two dependent variables- return on assets ROA (accounting measure) and Tobin’s Q (market measure) are tested using both fixed effect model and Panel corrected standard error (PCSE) model. As the PCSE regression robustly suited the dataset, this is used to explain the impact of both firm specific factors and macro-economic factors on the performance of textile firms listed in Dhaka Stock Exchange. The determinants of profitability differ depending on which measures of profitability we have taken as proxy. When ROA is taken, age, debt to equity, debt to asset, growth, asset turnover, cost effectiveness (EATC) and export growth are found significant. Among them, debt to equity, asset turnover, cost effectiveness and export growth conforms to the expected positive sign. In terms of Tobin’s Q, age, size, debt to equity, growth, cost effectiveness (EATC), board size and export growth are found having significant impact on firm performance where age, EATC, board size, and export growth conforms to the expected positive sign. JEL Classification Codes: C83, C87, L25.",asfbr-1415.pdf
oai:ojs.pkp.sfu.ca:article/1520,"Fahad, Hossain Ahmmed; Mahmud, Imran; Rahman, Atkia Nabiha",GENDER DIVERSITY ON BOARD AND ITS RELEVANCE TO FIRM PERFORMANCE: A STUDY ON PHARMACEUTICAL INDUSTRY OF BANGLADESH,2022,Asian Finance & Banking Review; Vol. 6 No. 1 (2022): January-December; 1-15,Asian Finance & Banking Society,eng,10.46281/asfbr.v6i1.1520,https://www.cribfb.com/journal/index.php/asfbr/article/download/1520/1090,"The study tries to examine the relationship between gender diversity on the Board and firms' profitability in Bangladesh's Pharmaceutical industry. The study employs a panel data approach with all the Pharmaceutical companies listed under Dhaka Stock Exchanges. The sample period covers eight years from 2012-2019. To conduct the study, Return on Equity and Tobin's Q was taken as a proxy of accounting measure of profitability and market measure of profitability, respectively. The proportion of women on board structure was taken as a proxy for gender diversity. Some other variables: board size, firm age, leverage, and firm size, were incorporated to control the effect of these variables on profitability. The study reveals that gender diversity shows a positive but insignificant relationship with the firm's performance in terms of ROE. The R square of this model was 11.67%. In terms of Tobin's Q, gender diversity exhibited a significant positive relationship with firm performance. The R square of this model was 17%. This implies that the market ascribes a great value to the inclusion of women in board structure since it increases the board structure's independence and profitability. JEL Classification Codes: C12, F65, L25.",asfbr-1520.pdf
oai:ojs.pkp.sfu.ca:article/1798,"Hasan, K. B. M. Rajibul; Pareek, Gagan",IMPACT OF COVID-19 ON THE CAPITAL MANAGEMENT (IMPLEMENTATION AND COMPLIANCE OF THE BASEL-3 FRAMEWORK) OF THE BANKS IN BANGLADESH,2022,Asian Finance & Banking Review; Vol. 6 No. 1 (2022): January-December; 16-24,Asian Finance & Banking Society,eng,10.46281/asfbr.v6i1.1798,https://www.cribfb.com/journal/index.php/asfbr/article/download/1798/1192,"The global economic condition has faced tremendous pressure due to the arrival of Covid-19. Covid-19 has affected the business and financial system severely and put extra pressure on banks in earnings, expenses, and operating efficiencies. Capital management has been a challenge for the banks in Bangladesh due to higher NPLs ratio, poor governance, and weakness in the quality of assets. The Covid situation has deepened manifold due to regulatory changes, fall in earnings, and asset quality with extra facilities being offered to the borrowers during the crisis period. This paper investigates the impact/s of Covid-19 on capital requirements, capital adequacy ratio, and capital management of banks in Bangladesh. The paper analyzes the effects of Covid-19 on key risk factors of the banking sector i.e. capital requirements and financial stability. The study is based on time series data comprising 62 banks operating in Bangladesh and a total of bank-year observations over the period 2012 to 2021. The empirical output of the paper unveils the degree of changes in capital adequacy of banks in the post-Covid situation. The paper also illustrates the impact of Covid-19 on CAR due to changes in performance indicators represented by different financial ratios- ROA, NIM &amp; ROE which have been affected negatively in the post-Covid situation due to the effects of regulatory changes during the Pandemic. Although Classification status was not changed due to regulatory relaxation, the expenses on provisions and others increased substantially and resulting in a fall in profits and affecting the CAR negatively. The findings also show that there exists interconnectivity between the performance indicators and capital management. JEL Classification Codes: D24, G32, G21.",asfbr-1798.pdf
oai:ojs.pkp.sfu.ca:article/1890,"Mohamed, Isse Sudi; Chowdhury, Md. Salim; Imran, Md. Al-; Imran, Md. Ali; Mimi, Afsana","THE COMPONENTS IMPACTING CUSTOMER’S BANK DETERMINATION CHOICE IN MOGADISHU, SOMALIA",2022,Asian Finance & Banking Review; Vol. 6 No. 1 (2022): January-December; 25-32,Asian Finance & Banking Society,eng,10.46281/asfbr.v6i1.1890,https://www.cribfb.com/journal/index.php/asfbr/article/download/1890/1231,"The primary goal of this study is to concentrate on the factors influencing customer bank selection in Mogadishu, Somalia. The study's objectives are ""to investigate the role of bank image and reputation on bank selection decisions in Mogadishu, Somalia."" and ""to find the effect of convenience on bank selection decisions in Mogadishu, Somalia."" The study used a descriptive research design with questionnaires as the primary data collection method. The sample size for this study was 80 people, with 95 bank customers as the target group. The Slovene form was used to collect the sample for this investigation. I proposed that bank marketers develop acceptable products and marketing programmes. Bank marketers should have a clear distribution of policies on specific and general techniques for persuading customers to choose a specific bank. Customers suggest some additional banking sector enhancements in addition to the services currently provided. Service quality influences bank selection decisions, as do bank image and reputation, bank reliability, and bank selection. JEL Classification Codes: D6, L1, L2, L8.",asfbr-1890.pdf
oai:ojs.pkp.sfu.ca:article/1891,"Haque, Tasnuba; Siwar, Chamhuri; Bhuiyan, Abul Bashar","CONCEPTUAL REVIEW OF MICROFINANCE AND WOMEN HOUSEHOLD, ECONOMIC, AND SOCIAL EMPOWERMENT OF MICROFINNACE BORROWERS",2022,Asian Finance & Banking Review; Vol. 6 No. 1 (2022): January-December; 33-41,Asian Finance & Banking Society,eng,10.46281/asfbr.v6i1.1891,https://www.cribfb.com/journal/index.php/asfbr/article/download/1891/1232,"The poor women are ignored in most parts of the society, having no opportunities for self-sufficiency, losing of their self-confidence and self-supporting; in turn, leads to suffer of their psychological, social, and mental health problems. Therefore, the study aims to investigate rigorous review of literature on the women empowerment for developing of a conceptual framework of microfinance and women household, economic, and social empowerment of the microfinance borrowers in the world. The present study used existing available materials and resources from reputed online data based such as google scholar, science direct, Scopus, web of science data based etc. The present study findings revealed that the poor women are marginalized, lack chances for self-sufficiency, and depend on charity or welfare. Without means to support themselves, poor women lose their self-confidence, and this disposition can lead to psychological, social, and mental problems. The study also found that the women can be empowered through encouraging and developing skills for self-sufficiency. The study also revealed that the major problems facing the poor and the lower-income group was access to credit. Their lack of assets for collateral and financial records, and limited credit history make obtaining credit from formal financial institutions almost impossible. The concluded that the Microfinance can be a powerful and effective way of access to credit of the poor has been rapidly expanding in hopeless and helpless societies accordingly. Finally, the present study developed a conceptual framework based above summary of findings to do a practical investigation to further examine the relationship between microfinance and women household, economic, and social empowerment of the microfinance borrowers in the world. JEL Classification Codes: F65.",asfbr-1891.pdf
oai:ojs.pkp.sfu.ca:article/1916,"Halim, Hasnita; Basar, Suria Abu; Hamzah, Hanissah; Sukrri, Nik Nor Amalina Nik Mohd; Bhuiyan, Abul Bashar",CUSTOMER SATISFACTION ON E-BANKING SERVICES AMONG UNIVERSITY STUDENTS IN MALAYSIA,2023,Asian Finance & Banking Review; Vol. 7 No. 1 (2023): January-December; 1-9,Asian Finance & Banking Society,eng,10.46281/asfbr.v7i1.1916,https://www.cribfb.com/journal/index.php/asfbr/article/download/1916/1241,"Electronic banking (e-banking) has become increasingly important due to its convenience and benefits to banking customers. The purpose of this study is to examine the factors influencing customer satisfaction with e-banking services among university students in Malaysia. Using a standardized questionnaire, the study utilized a cross-sectional design to collect data from 87 students based in Selangor, Malaysia. The findings show that reliability, security, and perceived usefulness are positively associated with customer satisfaction with e-banking services. These results indicate that customers are more attracted to banks that allow faster transactions via online portals, which are readily available, and customers perceive the system's usefulness in continuing their usage. In addition, customers stress the effectiveness of the website security system as they are concerned with the privacy of their personal information and the safety of their financial transactions while using e-banking. Understanding the factors influencing customer satisfaction with e-banking services will help banking institutions in Malaysia to deliver their customers an effective website with an appropriate setting and upgraded technological development to deliver first-class conditions services. JEL Classification Codes: M30, M31.",asfbr-1916.pdf
oai:ojs.pkp.sfu.ca:article/1,"Karim, Rezaul",Socioeconomic Impacts of Microfinance Programs in the Development of Bangladesh,2017,Asian Finance & Banking Review; Vol. 1 No. 1 (2017): July-December; 1-16,Asian Finance & Banking Society,eng,10.46281/asfbr.v1i1.1,https://www.cribfb.com/journal/index.php/asfbr/article/download/1/1,"The study was conducted to find out what significant socioeconomic impact and how microfinance programs play the key role on the development of Bangladesh. To observe that we tried to find out in which way it is playing its role and what kind of socioeconomic impacts are related with microeconomic programs. Microfinance programs are providing a significant role in the development of Bangladesh by providing financial assistance to the lower income but self-employed people. They have turned into employed by getting the financial support from the different institutions especially from Grameen Bank, BRAC etc. The poverty level has minimized a lot from the rural area and household income increase by around one-third. Wages and marginal propensity to consumption (MPC) increased especially for women and it creates positive impact on children's schooling: A 1.05% increase in Grameen Bank female borrowers increases the probability of school enrollment by 1.8% for girls and 1.99% for boys. Microfinance also contributed to smoothening consumption level and reducing vulnerability of life of people. It plays a role in eradicating poverty, promoting education, improving health and empowering women. ",asfbr-1.pdf
oai:ojs.pkp.sfu.ca:article/2054,"Kabir, Mohammad Rezaul; Hossain, Md. Amzad",MOBILE BANKING IN BANGLADESH: A POLICY AND REGULATORY REVIEW,2023,Asian Finance & Banking Review; Vol. 7 No. 1 (2023): January-December; 10-16,Asian Finance & Banking Society,eng,10.46281/asfbr.v7i1.2054,https://www.cribfb.com/journal/index.php/asfbr/article/download/2054/1281,"Policy and regulatory issues are indispensable for maintaining discipline and protecting the interests of all stakeholders in the mobile banking ecosystem. Bangladesh Bank has issued mobile banking policy guidelines (2011) and mobile financial services regulation (2018) to protect against abuse of these services like financial fraud, money laundering, and terrorist financing, as well as safeguard user funds. This article examined the role of mobile banking policy and the regulatory framework in creating a favourable regulatory environment for mobile banking in Bangladesh. For this purpose, twenty-three KIIs and one questionnaire survey were conducted on 400 respondents in the country's four districts. Many public and private documents and journal articles were also reviewed. A regulatory policy index for mobile banking with ten indicators was developed, and the overall regulatory index score was 0.85 out of 1. Multiple linear regression analysis has also been used in this study. Its regulatory index value, beta coefficient, and R-value, as well as expert opinions, asserted that mobile banking regulatory policy standards have positively influenced the creation of a favourable regulatory environment, even though they demand some modification in terms of account opening minimum age, service charge rate, product diversification, interoperability, and supervision of mobile banking activities. Since multiple agencies are involved in mobile banking policy and regulation, the government can play a vital role in coordination among the multiple agencies to ensure the protection of customers and financial steadiness through a suitable legal structure. JEL Classification Codes: G21, G28, C83.",asfbr-2054.pdf
oai:ojs.pkp.sfu.ca:article/208,"Aisien, Leonard Nosa",The Impact of Exchange Rate on Foreign Private Investment in Nigeria,2018,Asian Finance & Banking Review; Vol. 2 No. 2 (2018): July-December; 19-32,Asian Finance & Banking Society,eng,10.46281/asfbr.v2i2.208,https://www.cribfb.com/journal/index.php/asfbr/article/download/208/236,"The study examined the impact of exchange rate on foreign private investment using quarterly time series date from Nigeria for the period 2007 to 2017. Foreign private investment in the study was disaggregated into foreign direct investment and foreign portfolio investment in order to ascertain their separate reactions to changes in the exchange rate of the naira against the US dollars. The empirical analysis was based on the VAR estimation procedure using three lagged periods adopted on the basis of various lag order selection criteria. The empirical result revealed that devaluation/depreciation of the naira adversely affects foreign direct investment and foreign portfolio investment in Nigeria. Increased in the size of the domestic market and development of the financial sector were found to stimulate foreign private investment while high inflation rate in the domestic economy discourages foreign private investment in Nigeria. The study, therefore, recommended among others that the Central Bank of Nigeria should continue to initiate more proactive policy intervention policies to stabilize the exchange rate of the naira in order to stimulate more foreign private investment in Nigeria. ",asfbr-208.pdf
oai:ojs.pkp.sfu.ca:article/2109,"Ali, Md. Idris",CONTRIBUTION OF CSR ACTIVITIES TO DISASTER MANAGEMENT IN BANGLADESH: A STUDY ON BANKING SECTORS,2023,Asian Finance & Banking Review; Vol. 7 No. 1 (2023): January-December; 17-22,Asian Finance & Banking Society,eng,10.46281/asfbr.v7i1.2109,https://www.cribfb.com/journal/index.php/asfbr/article/download/2109/1297,"Bangladesh, facing recurring challenges from natural disasters, necessitates an examination of the banking sector's CSR activities in the context of disaster management. No doubt, there are many countries in the world where disaster is a great problem. Bangladesh is also a potential disaster country. Therefore, this study tries to investigate the role of corporate social responsibility of banking sectors on disaster management. Time series data is considered from 2015 to 2021 for this study. In this study, statistical tools like percentage distribution and trend line were performed using Excel and SPSS software. The results disclosed that the health sector contribution of Islamic Shariah-based banks is greater than that of conventional private commercial banks. Following that, state-owned commercial banks and foreign commercial banks make contributions to the health sector. Finally, there is no substantial difference in proportion of total CSR activity between Islamic Shariah-based banks and conventional private commercial banks between 2018 and 2021, without other years. The results also found that the amount of percentage of damage of crops, livestock and homestead forestry decrease from 2015 to 2021. The findings stated that the overall percentage of CSR activities increased in those years. JEL Classification Codes: M14, M19, Q54.",asfbr-2109.pdf
oai:ojs.pkp.sfu.ca:article/2216,"Mori, Yuji; Ozaki, Yasufumi; Harimaya, Kozo",DETERMINANTS OF CUSTOMER SATISFACTION IN RETAIL BANKING: EMPIRICAL EVIDENCE FROM JAPANESE BANK CUSTOMERS,2024,Asian Finance & Banking Review; Vol. 8 No. 1 (2024): January-December; 1-12,Asian Finance & Banking Society,eng,10.46281/asfbr.v8i1.2216,https://www.cribfb.com/journal/index.php/asfbr/article/download/2216/1340,"As a consumer-oriented service industry, the quality of customer service provided by banks and their customers' overall satisfaction with their services are becoming increasingly important. This study examines the factors influencing customer satisfaction with banking services provided by Japanese regional banks. Using data from the Japan Financial Institution Customer Ratings METER® of about 200,000 cases, we estimated the factors affecting customer satisfaction using an ordered probit model. The results indicate a positive correlation between direct financial services from regional banks and customer satisfaction. This relationship is solid when customers hold investment-related products. Additionally, we observed that individual customer satisfaction tends to decline with increasing financial asset holdings and increase as customers become more financially literate. Furthermore, we noticed that customer satisfaction tends to be higher for females than males, younger people than the elderly, and occupied customers than for unoccupied customers. The findings of this study suggest that customers may be more attracted to regional banks that provide investment information and advice tailored to their circumstances. It may be beneficial for regional banks to understand better factors that influence customer satisfaction, such as the age and gender of their customers, their level of financial Literacy, and the amount of financial assets they have. It would be beneficial for regional banks to consider these factors and enhance the quality of their direct interactions with customers and the customer service provided by their staff and call centers. This could help regional banks build long-term, ongoing relationships with their customers. JEL Classification Codes: G2, G20, G21.",asfbr-2216.pdf
oai:ojs.pkp.sfu.ca:article/2219,"Roy, Gourav",EVALUATING FINANCIAL SYNERGY IN BANK MERGER: RANKING MERGER OPTIONS AND ANALYZING INFLUENTIAL FACTORS,2024,Asian Finance & Banking Review; Vol. 8 No. 1 (2024): January-December; 13-29,Asian Finance & Banking Society,eng,10.46281/asfbr.v8i1.2219,https://www.cribfb.com/journal/index.php/asfbr/article/download/2219/1345,"Given the excess number of banks, the Central Bank of Bangladesh recently saw mergers as a good solution for economic development in an emerging economy like Bangladesh. Still, the question remained: which bank should merge with whom to create value, known as financial synergy? The study investigates which mergers add value to financial synergy and which do not. Additionally, the study scrutinizes the financial factors that influence the financial synergies resulting from the mergers of the participating banks. This study employs fifty-five possible cases of mergers found in eleven banks, including government, non-government, and specialized banks, to conduct financial synergy valuations on the average of five years of financial information. The methodology employs simulation, sensitivity, trend, scenario, Ordinary Least Squares (OLS), and Mixed Effect Generalized Linear Model (MEGLM) to solve the research questions. The results reveal that mergers between BKB and RAKUB, EXIM and Padma, NBL, and UCB can result in positive financial synergy among the six cases proposed by the central bank. The results also show that financial factors including debt to capital, reinvestment rate, return on capital, cost of debt, and revenues significantly impact the financial synergy. The findings of the study suggest the central bank merge based on the ranking provided in the study, considering the influential factors in mergers among banks. These findings contribute to the existing field of study by optimizing the synergy valuation strategies for bank mergers in a complex environment of bank types. JEL Classification Codes: G34, G32, C51, G21.",asfbr-2219.pdf
oai:ojs.pkp.sfu.ca:article/222,"Islam, Fakir Tajul",Evaluating Loan Loss Provisioning for Non-Performing Loans and Its Impact on the Profitability of Commercial Banks in Bangladesh,2018,Asian Finance & Banking Review; Vol. 2 No. 2 (2018): July-December; 33-41,Asian Finance & Banking Society,eng,10.46281/asfbr.v2i2.222,https://www.cribfb.com/journal/index.php/asfbr/article/download/222/249,"Through the collection and disbursement of money, banks often face the risk of default of the loan. These Non-Performing loans (NPLs) should be identified and cared for avoiding vulnerability to other risk. Banks may mitigate this risk using loan loss provisioning (LLP). Using the aggregate data of 56 commercial banks in the last 9 years (2009-2017), this study attempts to evaluate the Impacts of LLP maintained for NPLs on profitability, as it may help to take the level of the LLP, and NPLs in the optimum level of business success. The dependent variables used in this study are Non-Interest Income to Total Assets and Net-Interest Income to Total Assets as a representative of the profitability of a bank. The dependent variables are analyzed using Least Square Multiple Regression on three independent variables, which were Gross NPL to Total Loans Outstanding, Loan Loss Provision Maintained, and Surplus/ (Shortfall) resulted from the required loan provisioning. The result showed that the profitability is very significantly influenced by the independent variables. NPLs and LLPs maintained by the commercial banks negatively related with the profitability of the business, especially LLPs shown statistical significance to impact on profitability negatively. it is better to take the LLPs and NPLs in the minimum level for maximum profitability of banks.",asfbr-222.pdf
oai:ojs.pkp.sfu.ca:article/230,"Tola, Hailu Megersa; Sankar, D. Guna",Collision of NPLs on the Financial Performance of Commercial Banks: A Case Study of Ethiopia,2019,Asian Finance & Banking Review; Vol. 3 No. 1 (2019): January-June; 1-11,Asian Finance & Banking Society,eng,10.46281/asfbr.v3i1.230,https://www.cribfb.com/journal/index.php/asfbr/article/download/230/266,"Credit risk in banking relates to the possibility that loans will not be paid or that investments will deteriorate in quality or go in to default with resultant loss to the bank. This is the most obvious and most important risk to the banking industry in terms of potential losses. Credit risk is not confined to the risk that borrowers are unable to pay; it also includes the risk of payments being delayed, which can also cause problems for the bank. In order to protect their own interest and the wealth of bank depositors, banks need to investigate and monitor the activities of the will be and existing borrowers. Adequately managing of those risks related with credit is critical for the survival and growth of any financial institution. The present case study projects the effects of Non-Performing Assets on the Financial Performance of Commercial Banks in Ethiopia. ",asfbr-230.pdf
oai:ojs.pkp.sfu.ca:article/256,"Damiebi Sam, Achebelema",Cost of Capital and Optimal Financing of Corporate Growth of Selected Manufacturing Firms Listed on the Floor of Nigerian Stock Exchange,2019,Asian Finance & Banking Review; Vol. 3 No. 1 (2019): January-June; 12-23,Asian Finance & Banking Society,eng,10.46281/asfbr.v3i1.256,https://www.cribfb.com/journal/index.php/asfbr/article/download/256/347,"This dissertation empirically investigated the relationship between cost of capital and optimal financing of corporate growth of selected manufacturing firms listed on the floor of Nigerian stock exchange. Annual time series data were generated from the Annual Reports of the quoted firms and stock exchange fact book. Fifty manufacturing firms were selected from the population of quoted manufacturing firms. Four multiple regression models were specified and estimated with the aid of Software package for social services (SPSS). Equity financing measured as equity capital to total capital, debt financing measured as debt capital to total capital and return on investment were modeled as the function of cost of debt, cost of equity and weighted average cost of capital. The generated collinearity diagnostics result shows that the Eigen values that correspond to the highest condition index and variable constant are less than 0.5 rule of thumb. The Durbin Watson test shows absence of auto-correlation. The regression coefficient shows that cost of debt and cost of equity have negative relationship on equity financing while weighted average cost of capital have negative effect, cost of debt and weighted average cost of capital have positive relationship with debt financing while cost of equity have negative effect on the dependent variable. Cost of debt and reweighted average cost of capital have positive effect on return on Investment while cost of equity has negative effect. Model four found that cost of capital have positive relationship with financing mix of the quoted firms. From the model summary, the study conclude that cost of capital have no significant effect on equity financing and return on investment but significantly affect debt financing. It therefore recommends that Management should formulate internal policy that will enhance the realization of optimal capital structure of the firms, formulating capital structure of the firm should be well examined with the investment policy of the firms, the environmental factors should be acknowledged in formulating cost of capital to avoid risk associated with inadequate or wrong capital structure, external source of capital such as debt should be properly appraised and integrated with the investment policy and cost of equity should be integrated with the objective of maximizing shareholders’ wealth through investment policies.",asfbr-256.pdf
oai:ojs.pkp.sfu.ca:article/2647,"Alang , Syamsu ",THE ACCURACY ANALYSIS OF FINANCIAL DISTRESS MODEL A BENCHMARK OF OPERATIONAL PERFORMANCE AND FIRMS' INVESTMENT,2025,Asian Finance & Banking Review; Vol. 9 No. 1 (2025): January-December; 1-8,Asian Finance & Banking Society,eng,10.46281/asfbr.v9i1.2647,https://www.cribfb.com/journal/index.php/asfbr/article/download/2647/1491,"This study aims to find out the difference in the level of model accuracy among the Modified Altman Prediction (Z-Score), Springate (S-Score), and Zmijewski prediction models in predicting financial distress as a model of predicting operational Management and investment performance benchmarks in Transportation sub-sector firms in the Indonesian Stock Exchange (IDX) for the 4-period time. This study is a quantitative descriptive approach. The sampling technique is purposive sampling. This study utilizes sample data from the IDX, specifically www.idx.co.id, as well as the official websites of each firm. The results demonstrate that the Modification Altman Z-Score model can predict financial distress or potential bankruptcy by correctly assigning as many as 26 out of 48 samples, achieving an accuracy rate of 54.17%. The Springate S-Score model can predict financial distress or potential bankruptcy by assigning as many as 24 samples from 48 samples with an accuracy rate of 50%. The Zmijewski model was able to predict financial distress or potential bankruptcy with the highest accuracy level among the models used in this study, achieving an accuracy rate of 70.83% on 34 out of 48 samples. The conclusion from the three model bankruptcies is that the Zmijewski model is the most suitable for firms to use if they want to attract potential investors. It is used to predict financial distress and operational performance, as well as to inform firms' investment decisions. The findings of this study suggest that additional financial distress prediction models, such as Ohlson, Grover, and others, can be utilized to compare and contrast the yields of financial distress analysis. JEL Classification Codes: C52, G01, G32, L90, N25.",asfbr-2647.pdf
oai:ojs.pkp.sfu.ca:article/2674,"Chowdhury , Imtiaz ",WOMEN AT THE TABLE: ASSESSING THE EFFECT OF GENDER DIVERSITY ON FIRM PERFORMANCE,2025,Asian Finance & Banking Review; Vol. 9 No. 1 (2025): January-December; 9-17,Asian Finance & Banking Society,eng,10.46281/asfbr.v9i1.2674,https://www.cribfb.com/journal/index.php/asfbr/article/download/2674/1524,"This study aims to assess the relationship between female representation on corporate boards and firm financial performance in the context of Bangladesh's emerging economy. While global research presents mixed findings on board gender diversity effects, empirical evidence from developing countries remains limited, particularly in South Asian contexts where cultural and economic factors may influence governance-performance relationships differently than in developed markets. This study employs panel data collected from published annual reports of 74 companies listed on the Dhaka Stock Exchange (DSE) spanning the period 2019-2022, utilizing both www.dsebd.org database and individual company websites for data verification. Panel data regression techniques including fixed effect models, random effect models, and Panel Corrected Standard Error (PCSE) models examine gender diversity effects measured through proportion of women directors, binary presence variables, and Blau heterogeneity index on firm performance proxied by return on assets (ROA) and Tobin's Q ratios. The results demonstrate that female board representation exhibits a significant negative relationship with firm performance indicators, with regression coefficients showing deteriorating performance effects as women's board participation increases. Large firms show no statistically significant relationship between gender diversity and performance metrics, while smaller firms demonstrate significant negative impacts when female family members comprise board positions. The conclusion from this empirical analysis indicates that increased female representation in boardrooms may signal negative market perceptions to shareholders in Bangladesh's developing economy context, particularly for smaller firms where family-based appointments are prevalent. The findings of this study suggest that additional governance variables such as director independence, educational background diversity, and professional experience heterogeneity can be utilized to provide more comprehensive analysis of board composition effects on corporate performance.",asfbr-2674.pdf
oai:ojs.pkp.sfu.ca:article/292,"Bidabad, Bijan; Anaraki, Nahid Kalbasi",Effects of Iran's WTO Accession on the Cement Industry: A Dynamic Disequilibrium Adjustment Model (DDAM) of Simultaneous Equations,2019,Asian Finance & Banking Review; Vol. 3 No. 1 (2019): January-June; 24-43,Asian Finance & Banking Society,eng,10.46281/asfbr.v3i1.292,https://www.cribfb.com/journal/index.php/asfbr/article/download/292/445,"Many companies around the globe are re-examining their business operations to explore profitable growth in international markets.The attractiveness of the membership in WTO can be recognized not only in the growing number of its members but also as a result of increasing access to potential markets around the world. Iranian economy suffers from huge inefficiency in its trade relationships with other countries due to import compression policy and strict import controls. Iran's import profile is heavily skewed towards those tradable that are not strongly under the effects of WTO, indicating protectionism policy in the industry sector. Besides the need for easing protectionism, the emphasis placed on the growth of non-oil exports and reducing oil dependency as an objective in the five-year development plans provides a strong argument for joining WTO. Measuring technical efficiency in the cement industry in Iran suggests that companies with export-orientation policy have potentials to succeed in increasing their technical efficiency.The new discovering realm of WTO for Iran's trade policy has been evaluated in this paper. The pros and cons for joining induced us to investigate the effects of Iran's membership on the cement industry. By designing a dynamic disequilibrium adjustment model (DDAM), we use annual data for the period 1963-2002 to estimate a simultaneous system of econometric equations including cement supply, exports, imports, and consumption functions in order to quantify the effects of joining on the cement industry of Iran. One of the main challenges confronting the Iranian cement industry is to improve the competitiveness of the industry by reducing the subsidies, removing restrictions, and price controls. Indeed, the experience of other counties after joining WTO portrays a conflicting profile on the effects of accession on domestic economies. While some countries have developed important trading partners, others have suffered due to the loss of domestic industries. In this paper, we intend to examine the hypothesis of whether reducing the tariff rates will promote Iranian cement industry. The results reveal that joining WTO has negligible effects on consumption, production, and exports, though, will raise imports substantially.",asfbr-292.pdf
oai:ojs.pkp.sfu.ca:article/295,"Bidabad, Bijan",Controlling Parallel Exchange Market by Monetary Targeting and Anti-Inflationary Policies,2019,Asian Finance & Banking Review; Vol. 3 No. 1 (2019): January-June; 44-73,Asian Finance & Banking Society,eng,10.46281/asfbr.v3i1.295,https://www.cribfb.com/journal/index.php/asfbr/article/download/295/458,"In this paper, the triangular relationship between money, price, and foreign exchange are studied. It is concluded that regulating the exchange rate by volume of liquidity in a period of less than a year is not possible, but in annual and biannual analyses, we can regulate the exchange rate through controlling the liquidity. In other words, in the long run, the exchange rate is affected by liquidity and price level, but in the short run, the price level has only temporary effects on the exchange rate. The results of the study show that: Liquidity affects the exchange rate in the long run Prices affect the liquidity in the long run In the long run, liquidity and exchange rate affect prices Our results show that injection of foreign exchange into the parallel exchange market with different lags has little effects with different directions on the exchange rate. The same result is true for the relationship between liquidity and dollar rate. In other words, in spite of the long run relationship between exchange rate and liquidity, we cannot justify this relationship in the short run. The same is true with the balance of payments position and exchange rate in the short run. By simulating the relationship between injecting (selling) foreign exchange in the parallel exchange market, liquidity and the cumulative balance of payments all with exchange rate, we can conclude that in the short run, regulating exchange rate by instruments such as selling exchange in the parallel market or controlling the liquidity is not possible, but in the long run, conducting foreign exchange sale policy and controlling the liquidity and the balance of payments position can control the exchange market.",asfbr-295.pdf
oai:ojs.pkp.sfu.ca:article/296,"Bidabad, Bijan; Anaraki, Nahid Kalbasi",Inflation Targeting in Iran,2019,Asian Finance & Banking Review; Vol. 3 No. 1 (2019): January-June; 74-88,Asian Finance & Banking Society,eng,10.46281/asfbr.v3i1.296,https://www.cribfb.com/journal/index.php/asfbr/article/download/296/462,"Inflation targeting in various forms has been adopted by a number of countries as a framework for making monetary policy more coherent and transparent and for increasing the credibility of monetary policy. Despite the language, referring to inflation target as the primary objective of monetary policy, central bankers always make room for short-run stabilization objectives, particularly with respect to output and exchange rate. Inflation targeting, in most cases, reduces the role of intermediate targets, such as exchange rate or money growth rate. Experience of other countries that have adopted inflation targeting as a monetary framework reveals that the success of the policy depends on not only the transparency of the operation but also on the budgetary discipline. Indeed, the central banks that have become more transparent, more independent, more coherent, and more accountable and more credible have been more successful. The controversy among economists on the expenses of inflation targeting has attained particular attention during the past decades .While opponents believe that inflation targeting takes place at the expense of output shortfalls (Cechetti and Ehrmann 1999), proponents (Mishkin 2000, Jonas and Mishkin 2003) believe that inflation targeting promotes investment and economic growth. This paper tries to address the question of whether the performance of inflation targeting in Iran has been successful. Based on a monetary model, using exogenous variables such as official exchange rate, budget deficit, foreign exchange obligation account, and balance of payments, the results suggest that the effects of inflation targeting on the real output is trivial, supporting the natural rate hypothesis.",asfbr-296.pdf
oai:ojs.pkp.sfu.ca:article/2,"Bahadur K.C, Fatta; Kumar Kattel, Indra",Comparative Analysis on the Sources of Credit Risk in Nepalese Commercial Banks,2017,Asian Finance & Banking Review; Vol. 1 No. 1 (2017): July-December; 17-27,Asian Finance & Banking Society,eng,10.46281/asfbr.v1i1.2,https://www.cribfb.com/journal/index.php/asfbr/article/download/2/2,"The study was conducted to find out the significant differences between state-owned bank and private sector bank in the practice of measuring the sources of credit risk. This paper attempts to ascertain the perceptions of Nepalese bankers about the importance of identification practice of credit risk sources within the specific borrowers. The result of the study indicates that the collaterals, characters, capacity, capital, condition, legality of the business, economy of the country, business environment and industrial relation were consider as a sources of credit risk in Nepalese banking sector. The result shows that level of the credit risk sources were disparity the Nepalese commercial banks. In addition, Collaterals provided as a security by the borrower, characters of the borrower, capacity, legality of the business, economy of the country and industrial relation were found significant predictor for the sources of credit risk. Moreover, there was a positive relationship between identification practice and sources of credit risk.",asfbr-2.doc
oai:ojs.pkp.sfu.ca:article/337,"Bidabad, Bijan",Macroeconomics Needs Fresh Methodology of Theorization,2019,Asian Finance & Banking Review; Vol. 3 No. 2 (2019): July-December; 1-6,Asian Finance & Banking Society,eng,10.46281/asfbr.v3i2.337,https://www.cribfb.com/journal/index.php/asfbr/article/download/337/560,"In this paper, we try to analyze the macroeconomic reasoning in different methodological issues. Subsequently, we try to touch some current macroeconomic debates on aggregations, relations, monetary and real sectors analyses. We assess that what we know about the behavior of macroeconomic variables is just our understanding from empiricism, and we have rarely found the laws of linkages among macroeconomic variables. We also conclude that successive theories have an intuitional foundation. It seems that to improve macroeconomic theories and policies, we need to be redirected to basic philosophical thinking about the macroeconomic theoretical foundation and try to rebuild a new concrete base for macroeconomics.",asfbr-337.pdf
oai:ojs.pkp.sfu.ca:article/351,"Bidabad, Bijan",General Characteristics of Rastin Banking,2019,Asian Finance & Banking Review; Vol. 3 No. 2 (2019): July-December; 7-25,Asian Finance & Banking Society,eng,10.46281/asfbr.v3i2.351,https://www.cribfb.com/journal/index.php/asfbr/article/download/351/578,"In addition to removing Riba in banking activities, and by observing Islamic banking principles, and creating safe and public confidence environment, Rastin Banking can lead to important positive effects on growth and economic welfare through money and capital markets. In this paper, we refer to the headings set forth in Rastin Banking and its pillars of Rastin PLS banking. Rastin Banking is a new approach in the banking industry.",asfbr-351.pdf
oai:ojs.pkp.sfu.ca:article/370,"Lucky, Lucky Anyike; Michael, Agilebu Ogechi",Leverage and Corporate Financial Distress in Nigeria: A Panel Data Analysis,2019,Asian Finance & Banking Review; Vol. 3 No. 2 (2019): July-December; 26-38,Asian Finance & Banking Society,eng,10.46281/asfbr.v3i2.370,https://www.cribfb.com/journal/index.php/asfbr/article/download/370/606,"This study examined the effect leverage on corporate financial distress of quoted manufacturing firms in Nigeria. The objective is to examine if financial leverage have any effect on financial distress of the Nigeria firms. Cross sectional data was sourced from financial statement of ten quoted manufacturing firms. Z-Score and Changes in operating profits was proxy for corporate financial distress while debt equity ratio, short, long term debt and total debt to total assets were proxy for leverage. After cross examination of the validity of the pooled effect, fixed effect and the random effect, the study accepts the fixed effect model. Findings reveal that financial leverage have positive effect on financial distress measured by the z-score while total debt ratio and debt equity ratio have positive effect on financial distress measured by changes on operating profits while short term debt and long term debt have negative effect on operating profits. From the regression summary, the study concludes that leverage have significant effect on corporate financial distress. We recommend that Financial structure of the manufacturing firms ought to be adequately planned to safeguard the interest of the equity holders, shareholders and financial requirements of the firm and the firms should formulate policies of increasing its equity capital as oppose to debt and that Implementable investment policies should be formulated and the business environment should be well examined. Recognizing faults of investment might be paramount to develop the business’s financial performance, since it specifies the loopholes which corrective decision can be applied.",asfbr-370.pdf
oai:ojs.pkp.sfu.ca:article/3,"Egoro A., Stephen; Daddy Obah, Obah",The Impact of International Trade on Economic Growth in Nigeria: An Econometric Analysis,2017,Asian Finance & Banking Review; Vol. 1 No. 1 (2017): July-December; 28-47,Asian Finance & Banking Society,eng,10.46281/asfbr.v1i1.3,https://www.cribfb.com/journal/index.php/asfbr/article/download/3/3,"The study examines the effect of international trade on the economic growth of Nigeria from 1981 to 2015. The model specified economic growth measured by gross domestic product as dependent on international trade proxy by non-oil imports, oil imports, Non-oil exports, and oil exports. Secondary data was adopted and sourced from CBN statistical bulletin. Multiple regression estimation techniques with the aid of E-view version 9 was used to analyze the effects of international trade on the economic growth of Nigeria. It was evidenced that international trade has a significant positive impact on economic growth in Nigeria. The study recommends that government should reduce over-dependence on oil exports and increase and diversify its export base to earn more revenue.",asfbr-3.doc
oai:ojs.pkp.sfu.ca:article/468,"Chakma, Saptarshi",Determinants of Firm’s Leverage and Theoretical Examination: A Study on the Food and Allied Companies in Bangladesh,2018,Asian Finance & Banking Review; Vol. 2 No. 2 (2018): July-December; 42-62,Asian Finance & Banking Society,eng,10.46281/asfbr.v2i2.468,https://www.cribfb.com/journal/index.php/asfbr/article/download/468/665,"Leverage helps to understand how much debt and equity employed by a firm to funds its operation and asset. Modigliani and Miller are the path breaker in this sector. In 1958 identified irrelevancy proposition of Firm Leverage decision. In 1963 they came with their new explanation to incorporate the effect of tax. There are some other popular theories. Jensen and Meckling agency cost theory, Scott trade off theory, Ross signaling theory, Myers and Majluf pecking order theory are the most popular one. There are several determinants in Firm Leverage used in different studies. In this study, we used some most popular determinants. They are profitability, tangibility, growth, operating leverage, liquidity, size. In this study, nine DSE listed food and allied companies’ data are used to analysis the relation between determinants and leverage and Firm Leverage theories are also tested for those companies. Food and allied sector is a constant growing sector and good option for the investors. Nine A category companies’ data are used for this study. For the data analysis descriptive data, hypothesis, correlation and regression method is used. Leverage mean of last seven-year data is 48.5%. That means there is a good combination of debt and equity. In the hypothesis, T-test: paired two sample for means is used. Null hypothesis only accepted for the tangibility determinants. That indicates there is a relationship between tangibility and leverage. In correlation matrix, it also showed that, leverage and tangibility have the strongest relation and the relation is negative. In regression model, only tangibility result is significant and the coefficient is negative. According to the result, pecking order theory, trade off theory and signaling theory play an important role in food and allied companies in Bangladesh. The analysis showed that, companies with high tangibility ratio try to finance their operations by internal finance rather than debt finance and supported theories also refer the same result.",asfbr-468.pdf
oai:ojs.pkp.sfu.ca:article/4,"Aliyu, Ibrahim; Malacky, O. D. Y.",Organizational Culture and Personality Trait Inferences about Organizations,2017,Asian Finance & Banking Review; Vol. 1 No. 1 (2017): July-December; 48-54,Asian Finance & Banking Society,eng,10.46281/asfbr.v1i1.4,https://www.cribfb.com/journal/index.php/asfbr/article/download/4/4,"The use of personality traits to describe organization left managers and researchers with the problem of identifying its source in order to take advantages of positive ones and avoid the disadvantages of negative ones. One of the possible sources of personality inference about an organization is organizational culture. Thus, the study identifies the influence of organizational culture on personality trait inference about organizations. Data were collected from 210 staff members of SAJ Food Limited Zaria and analyzed using Multiple Regression on SPSS version 18. The result revealed that organizational culture leads to personality trait inference about an organization. It was also recommended that managers should mind the way policies are design and decision are made in their organizations because it decides the image of the organization in the eyes of the members of the public.",asfbr-4.doc
oai:ojs.pkp.sfu.ca:article/505,"Innocent, Okoro; Ibanichuka, E.A.L.; Micah, L.C.",Accounting Information and Stock Prices of Quoted Manufacturing Firms: Multi-variant Panel Data Evidence from Nigeria,2020,Asian Finance & Banking Review; Vol. 4 No. 1 (2020): January-June; 1-16,Asian Finance & Banking Society,eng,10.46281/asfbr.v4i1.505,https://www.cribfb.com/journal/index.php/asfbr/article/download/505/687,"This study the relationship between accounting information and the stock prices of quoted firms in Nigeria. The general objective was to examine if accounting information have any effect on market value of quoted firms. Cross sectional data was sourced from financial statement of 23 manufacturing firm from 2008-2017. Stock price of the firms was modeled as a function of assets turnover rate, book value per share and debt equity ratio. Ordinary least square method of cointgration, unit root and granger causality test was used to determine the extent to which human resource cost affect quality of financial report. After cross examination of the validity of the pooled effect, fixed effect and the random effect, the study accepts the fixed effect model. The study found that the independent variables explained 78 percent variation on the market value of the quoted firms. The beta coefficient of the variables indicates debt equity ratio and assets turnover rate have positive effect on the stock prices of the quoted firms while book value per share have negative effect on the stock prices of the manufacturing firms. From the regression summary, the study concludes that there is significant relationship between accounting information and prices of the quoted firms. The study recommends that management of the manufacturing firms should formulate policies that will increase book value per share and internal and external factors that affect negatively the book value per share of the firms should be discouraged.",asfbr-505.pdf
oai:ojs.pkp.sfu.ca:article/556,"Tomi, Saliu Hakeem; Emmanual, Idih Ogwu; Adeyinka, Adewole Joseph",Implications of Non-Performing Loans on the Nigerian Deposit Money Banks,2020,Asian Finance & Banking Review; Vol. 4 No. 1 (2020): January-June; 17-23,Asian Finance & Banking Society,eng,10.46281/asfbr.v4i1.556,https://www.cribfb.com/journal/index.php/asfbr/article/download/556/770,The study examined the arguments and counterarguments within the scientific discussion on the implications of non-performing loans on the Nigerian deposit money banks. The main objective is to examine the effect of Non-Performing loan on the Performance of Deposit Money Banks in Nigeria. Data were sourced from Central Bank of Nigeria Statistical Bulletin. A systematization literary approach for data analysis was Auto Regression distribution lag (ARDL) bound tests. Findings revealed that there exist a long run significant relationship between Non performing loan and the Performance of Deposit Money Banks in Nigeria. It was revealed that persistence increase in Non-performing loans results in poor Performance of Deposit Money Banks in Nigeria. It was also discovered that Non Performing Loan reduces deposit money banks return on asset. The study therefore recommends that deposit money banks should employ competent risk managers that always use their skills to reduce the incident of non-performing loans in the Nigerian deposit money banks. The study also recommends that deposit money banks in Nigeria should always monitor the end-use of funds given to their customers in order to curb the incident of fund diversion which may result in non-performing loan.,asfbr-556.pdf
oai:ojs.pkp.sfu.ca:article/573,"Sulaiman, Zaagha Alexander",Money Supply and Private Sector Funding in Nigeria: A Multi-Variant Study,2020,Asian Finance & Banking Review; Vol. 4 No. 1 (2020): January-June; 24-41,Asian Finance & Banking Society,eng,10.46281/asfbr.v4i1.573,https://www.cribfb.com/journal/index.php/asfbr/article/download/573/779,"This study examined the effect of money supply on private sector funding in Nigeria. The purpose of the study was to examine the extent to which monetary policy affect private sector funding in Nigeria. Time series data was sourced from Central Bank of Nigeria Statistical Bulletin from 1985-2018. Credit to private sector, credit to core private sector and credit to small and medium scale enterprises sector was used as dependent variables while narrow money supply, broad money supply, large money supply, private sector demand deposit was used as independent variables. Ordinary Least Square (OLS), Augmented Dickey Fuller Test, Johansen Co-integration test, normalized co-integrating equations, parsimonious vector error correction model and pair-wise causality tests were used to conduct the investigations and analysis. The empirical findings revealed that money supply explains 82.1 percent variation on credit to core private sector, 85.2 percent and 23.4 percent of the variation in credit to private sector and credit to small and medium scale enterprises sector. The study conclude that money supply has significant relationship with credit to private sector, credit to core private sector and credit to small and medium scale enterprises sector. From the findings, the study recommends that Central Bank of Nigeria should induce the variations of the amount of money changes through the nominal interest rates. That the monetary authorities should ensure adequate quantity of money supply that positively affect private sector funding in Nigeria.",asfbr-573.pdf
oai:ojs.pkp.sfu.ca:article/590,"Uddin, Muhammad Gias; Uddin, Mohin; Emu, Sanjida Sultana",Stock Market Development on Economic Growth of South Asian and Malaysian Economies: A Comparative Analysis,2020,Asian Finance & Banking Review; Vol. 4 No. 1 (2020): January-June; 42-46,Asian Finance & Banking Society,eng,10.46281/asfbr.v4i1.590,https://www.cribfb.com/journal/index.php/asfbr/article/download/590/788,"This analyzes concerning empirically appraise the effects and effect of stock market growth on the economic increase in two areas, in particular, South Asia and Malaysia. The researcher used market capitalization, total fee traded ratio, and turnover ratio as signs on inventory market improvement whilst GDP through a capital increase worth is back because of standardized monetary improvement. The linear dashboard facts methodology is utilized over the yearly facts about 1996-2018 according to locate out concerning the phenomenon. The effect is then compared at some stage in the countries concerning both regions. The experimental findings point out that inventory need enhancement contributes after half extent between the financial expand on the South Asian region but its impact concerning Malaysian neighborhood discovered in imitation which is very much significant.",asfbr-590.pdf
oai:ojs.pkp.sfu.ca:article/5,"Waleru Akani, Henry; Sweneme, Yellowe",Macroeconomic Aggregates and Retention Ratio of Quoted Firms in Nigeria,2017,Asian Finance & Banking Review; Vol. 1 No. 1 (2017): July-December; 55-63,Asian Finance & Banking Society,eng,10.46281/asfbr.v1i1.5,https://www.cribfb.com/journal/index.php/asfbr/article/download/5/5,"This study examined the effects of macroeconomic aggregate on retention ratio of selected quoted manufacturing firms in Nigeria for the period 1981 to 2014. The study used secondary data. The technique adopted is the Ordinary Least Squares, Error correction mechanism and Autoregressive Distributed Lag (ARDL) Bounds approach to cointegration. The dynamic short-run estimate revealed that interest rate exerts a negative influence on retention ratio. The study also found that oil price exerts a positive and significant impact on retention ratio. Further, it revealed that capital market development exerts a positive influence on retention ratio, but financial sector's development showed a positive relationship with retention ratio, inflation rate appeared with an expected negative sign. Foreign exchange rate showed a positive relationship with retention ratio; money supply exhibited a positive influence on retention ratio of quoted firms in Nigeria. The error correction coefficients were significant with the expected sign. A long run relationship among the variables was established. Thus, the study concludes that macroeconomic variables have a significant influence on dividend policy. We recommend the need for firms to consider the operating macroeconomic framework in formulating dividend policy.",asfbr-5.doc
oai:ojs.pkp.sfu.ca:article/628,"Kurfi, Shafi’u Abubakar; Danrimi, Moh’d Lawal",Embezzlement and Reckless Spending: A Bottleneck for Local Governments’ Revitalization and Sustainable Development in Nigeria,2020,Asian Finance & Banking Review; Vol. 4 No. 1 (2020): January-June; 47-53,Asian Finance & Banking Society,eng,10.46281/asfbr.v4i1.628,https://www.cribfb.com/journal/index.php/asfbr/article/download/628/810,"Nigeria operates a federal system of government and power is allocated to federal, state and local governments. A collaborative effort was encouraged to promote socio-economic development. Unfortunately, lack of diversification of the economy and over concentration on crude oil, it now operates a monolithic economy. Federal government on monthly basis share the proceed to the three levels of government but ironically, nothing significant is shown for the huge allocations due to uncontrollable embezzlement and reckless spending by public servants more specifically local authorities due to the extreme closeness to citizenry. Documentary data were obtained from published books, reputable journals, government publications, magazines, newspaper publications, internet sources and personal observations in carrying out this study. The paper observed that embezzlement and reckless spending is on the increase in some Nigerian local governments and is manifested through the state joint local government account, embezzlements and reckless spending by local chairmen, fake projects, collusion in the transaction of government businesses, ghost workers, denial of statutory functions. The paper concludes that local government is at the verge of total collapse if adequate measures were not taken to savage the situation. The paper recommends that states joint accounts should be scrap for local governments have a sustainable development.",asfbr-628.pdf
oai:ojs.pkp.sfu.ca:article/649,"Khan, Md. Sazzadur Rahman",The Effects of Inventory Management Capability on Performance of the Firm- Business Strategies as a Mediating Role,2020,Asian Finance & Banking Review; Vol. 4 No. 2 (2020): July-December; 1-7,Asian Finance & Banking Society,eng,10.46281/asfbr.v4i2.649,https://www.cribfb.com/journal/index.php/asfbr/article/download/649/829,"The research aim is to evaluate the mediating aspects of business strategies e.g. differentiation and cost leadership strategy in affecting the aspects of inventory capability e.g. cost-related factors of inventory and techniques of inventory and firm performance e.g. return on asset (ROA) and improve productivity (IMP) of the Bangladeshi garment industry. A survey was utilized to collect information and the questionnaire was dispersed among 385 senior managers in the readymade garment industry of Bangladesh. For the data analysis, AMOS version 24 and SPSS version 23 were used. The findings of the analyzed data revealed that strategies of the business mediate the consequence of inventory materials capability and performance of the firm. The (SEM) results identify that the study model has an appropriate observation fits.",asfbr-649.pdf
oai:ojs.pkp.sfu.ca:article/684,"Rezina, Sonia; Ashraf, Aysha; Khan, Md. Atiqullah",An Inferential Study on the Profitability Determinants of the Cement Industry in Bangladesh,2020,Asian Finance & Banking Review; Vol. 4 No. 2 (2020): July-December; 8-21,Asian Finance & Banking Society,eng,10.46281/asfbr.v4i2.684,https://www.cribfb.com/journal/index.php/asfbr/article/download/684/835,"This paper examines the impacts of firm-specific and macroeconomic factors in determining the profitability of the cement industry in Bangladesh. This study took stock exchange listed all cement companies of Bangladesh as samples and covered the period of 2000–2018. Return on Assets (ROA) was chosen as the dependent variable and firm size, expense to revenue ratio, leverage, age, inflation rate, GDP growth rate, and real interest rate were chosen as independent variables where the first four are firm-specific and the other three are macroeconomic factors. This study considered ROA as the profitability measurement of the firms. The study found that leverage, GDP growth rate, and real interest rate have significant impacts on the profitability. Firm size, age, GDP growth rate, and real interest rate have a positive impact whereas expenses to revenue ratio, leverage, and inflation have a negative impact on the profitability of the firms under the cement industry.",asfbr-684.pdf
oai:ojs.pkp.sfu.ca:article/6,"O. Okon, Emmanuel; Umar, Halirat",Debt-Growth Bond in Nigeria: Structural Break Analysis,2018,Asian Finance & Banking Review; Vol. 2 No. 1 (2018): January-June; 1-6,Asian Finance & Banking Society,eng,10.46281/asfbr.v2i1.6,https://www.cribfb.com/journal/index.php/asfbr/article/download/6/6,"This study examined the structural break relationship between external debt and economic growth from 1985 to 2016 with a view to examine the effect of external debt relief on economic growth in Nigeria. The study used the ordinary least square technique. In addition, it employed the chow test and also adopted the similarity of error variances test in its analysis. From the results and analysis, it was revealed that external debt stock (EXD) is positively and insignificantly related to RGDP. It was concluded that the 2005 external debt relief did significantly caused a change in external debt, external debt service relations with economic growth in Nigeria. Based on these findings, the study suggested that external finance should be used only for projects of highest priority. Spending of external debt on productive self-liquidating investments must be strictly adhered to while projects to be financed with external loan must be properly appraised.",asfbr-6.pdf
oai:ojs.pkp.sfu.ca:article/7,"S, Abdulrahman",Analytical Review of Corporate Social Responsibility and Corporate Financial Performance of Some Firms from Within and Outside Nigeria,2018,Asian Finance & Banking Review; Vol. 2 No. 1 (2018): January-June; 7-17,Asian Finance & Banking Society,eng,10.46281/asfbr.v2i1.7,https://www.cribfb.com/journal/index.php/asfbr/article/download/7/7,"This study analyzed the Corporate Social Responsibility (CSR) of firms with their Corporate Financial Performance (CFP) based on contextual content analysis. The study forge ahead to compare the outcomes of various conceptual and empirical studies that deals with CSR and CFP from within and outside the domicile of Nigeria. The findings from the previous studies showed conflicting results or outputs (i.e. many positive outcomes, some negative results while very few showed neutral relationship between CSR and CFP of firms). Therefore, this study is of the opinion that there is a positive cordiality between CSR and CFP because more than 50% of the authorities/scholars in the field proved it conceptually and empirically that there is positive relationship among the two concepts (i.e. CSR and CFP). As such, the issue of CSR should be given a more consideration by all the parties to it (i.e. Employees, Employers, Government, Researchers, Management and the Public at large). Since, it yields positive impact to the CFP of Firms as such a dedicated agency or commission should be established to be monitoring the Firms toward real implementation of CSR.",asfbr-7.pdf
oai:ojs.pkp.sfu.ca:article/896,"Haque, Sunjida; Chowdhury, Tanbir Ahmed",Impact of Covid-19 in Bangladesh Stock Market,2020,Asian Finance & Banking Review; Vol. 4 No. 2 (2020): July-December; 22-23,Asian Finance & Banking Society,eng,10.46281/asfbr.v4i2.896,https://www.cribfb.com/journal/index.php/asfbr/article/download/896/907,"The world's big economies are roiled and going under a devastating threat amid the impact of the COVID-19 pandemic. No country will be safe as this virus will eventually outbreak everywhere, regardless of how countries prepare to avoid it. The economic ramification as well as the stock market crisis will be uncertain due to the extended suspension of economic activities in almost every country. No wonder, the clattered stock markets of Bangladesh which have already got the adjective of “the worst stock market in the world” because of inefficient and irrational fluctuations in previous years will experience a colossal crisis due to the pandemic. The article provides an investigation on comparable analysis of the impact on stock markets of Bangladesh, Dhaka stock exchange, and Chittagong stock exchange, before and after the pandemic situation with current market data. We also examine the potential consequence of policy interventions to the market and the investors during a pandemic.",asfbr-896.pdf
oai:ojs.pkp.sfu.ca:article/8,"Stanley Diepiriye, Davies; Anyike Lucky, Lucky",Corporate Characteristics and Influence on Share Based Payment of Financial Service Firms in Nigeria,2018,Asian Finance & Banking Review; Vol. 2 No. 1 (2018): January-June; 18-29,Asian Finance & Banking Society,eng,10.46281/asfbr.v2i1.8,https://www.cribfb.com/journal/index.php/asfbr/article/download/8/9,"This investigates the effect of corporate characteristics on share base payment of financial service industry in Nigeria. Objective of the study is to if internal factors affects share base payments of corporate organizations in Nigeria. We analyzed five commercial banks and five insurance firms that are quoted on the floor of Nigerian Stock Exchange. Technique adopted for sampling adopted is convenience sampling. As the nature of data is panel therefore, pooled regression, fixed and random effect tests are run. Random effect results are focused after applying Hausman’s test. From the fixed effect model, tangibility, risk, management efficiency, debt equity ratio, corporate governance and cost of capital have negative but insignificant effects while return on investment, liquidity and firm size have positive and insignificant effect on share base payment. We conclude that corporate characteristics does not significantly influence share base payment of the selected financial service firms. We therefore recommend that the use of share base payment should be integrated with the corporate structure such as ownership structure, capital structure and others.",asfbr-8.pdf
oai:ojs.pkp.sfu.ca:article/9,"Saidu, Nasiru","A Synthesis of Corporate Social Responsibility Concept, As a Mechanism to Enhanced Organizational Reputation in Nigeria",2018,Asian Finance & Banking Review; Vol. 2 No. 1 (2018): January-June; 30-36,Asian Finance & Banking Society,eng,10.46281/asfbr.v2i1.9,https://www.cribfb.com/journal/index.php/asfbr/article/download/9/10,"The connection between corporate philanthropy and firm has strong controversial issues. More so, corporate philanthropy is frequently criticized as an agency cost since it may serve narrow an administrative self-interests. As a society additionally concerned with their environment, organizations have started to transform their activities as a response to deal with the public new concerns. The corporate philanthropy is no doubt an important and attractive case to follow since it brings up quite specific and pronounced ethical issues like environmental resolution. The paper examines CRS using personal observations, dealing with some company’s managers, employees and environmentalists, and library research with a view to finding out whether CRS principles can bring a positive impact to the organization. Based on this study, was discovered that, Business firms recognize and practice corporate philanthropy designed to address social development obstacles in Nigeria. The paper therefore recommends that, organizations have to develop a diversity of policies for treating this interesting of community wants and desires, the natural environment, with consequent business imperative and esteem on how intensely and well they are coordinating social responsibility move toward into both policy and routine operations.",asfbr-9.pdf

