24 articles in this issue
Oliviero Antonio Carboni,Paolo Russu
This paper studies the equilibrium dynamics of a growth model with public finance where two different allocations of public resources are considered. The model simultaneously determines the optimal shares of consumption, capital accumulation, taxes and co... see more
Girish K Nair,Lewlyn Lester Raj Rodrigues
There are several ratios which define the financial health of an organization but the importance of Net cash flow, Gross income, Net income, Pending bills, Receivable bills, Debt, and Book value can never be undermined as they give the exact picture of th... see more
Songül Kakilli ACARAVCI,Ahmet Ertugrul ÇALIM
profitability of banking sector is the most important instrument of financial system for the future of the economy. The objective of this study is to determine by using Johansen and Juselius cointegration test approach of the bank specific and macroeconom... see more
Agim Binaj,Ilir Binaj,Irini Limaj
Personal income tax has become an important part of the Albania’s revenue system. Revenue from personal income tax was more than 27.9 billion ALL for the year of 2011 which makes up a 3% increase when compared to the previous year. This paper compares and... see more
Majid Maddah
The purpose of this study is to examine the effect of unemployment rate on theft crimes among the provinces of Iran. This study covered the annual data from 1997 to 2006 by using of GMM method. Results have shown that there is a strong significant and pos... see more
Karan Singh Thagunna,Shashank Poudel
The aim of this study is to develop a performance model for measuring relative efficiency and potential improvement capabilities of Nepali banks by scrutinizing intermediation aspects. For measuring the efficiency and performance, this paper uses a relati... see more
Ali Said
The present paper examined the correlation between risks and efficiency within Islamic banks in the MENA area. This paper used three stages of analyses. The first stage consisted of measuring the efficiency of those banks by employing the nonparametric te... see more
Emre Aksoy
By using quarterly data this study applied Toda-Yamamoto (1995) method for the period 1988-2010 to uncover the relationship between growth and employment in aggregate and industrial respects and also to investigate the impacts of investment and employment... see more
Matloob Ullah Khan,Ambrish Gupta,Sadaf Siraj
The main objectives of this paper are to incorporate modification in Black-Scholes option pricing model formula by adding some new variables on the basis of given assumption related to risk-free interest rate, and also shows the calculation process of new... see more
Daniel Linus Naila
There has been environmental pollution across the globe. Environmental activists are condemning manufacturing companies of environmental pollution. This has led to the establishment of environmental regulations and standards by government authorities acro... see more
Jun Jiang,Komain Jiranyakul
The Study collects panel data of listed firms in New York Stock and Shanghai Stock Exchanges during 1992 to 2008. The data are used to perform panel regression estimates for firms in each stock market. The main purpose is to compare the decision on divide... see more
Dilek Teker,Aynur Pala,Oya Kent
The aim of this research is to compose a new rating methodology and provide credit notches to 23 countries which of 13 are developed and 10 are emerging. There are various literature that explains the determinants of credit ratings. Following the literatu... see more
Sadaf Shahab,Muhammad Tariq Mahmood
The aim of this paper is to analyze the trade specialization in the leather products between some selected Asian economies, with particular focus on Pakistan. For which, a measure of Revealed Comparative Advantage (RCA Balassa Index) is used. The analysis... see more
Sibel Çelik,Yasemin Deniz Akarim
The purpose of this study is to test how equity market timing affects capital structure from the perspective of IPO (Initial Public Offering) event in ISE for the period between 1999-2008. Our dataset comprises of all firms (75 firms) that went public fro... see more
Mongi GHARSELLAOUI
The purpose of this paper is to study the subprime crisis while focusing on the phenomenon of financial contagion. Subprime crisis is a crisis that has hit the U.S. mortgage sector and helped to trigger the financial crisis of 2007-2009. In the context of... see more
Esref Savas Basçi,Süleyman Serdar Karaca
In this paper, we examined the relationship between ISE 100 Index and a set of four macroeconomic variables using Vector Autoregressive (VAR) model. Variables we used in our model are Exchange, Gold, Import, Export and ISE 100 Index. ISE 100 Index is a de... see more
Anita Mirchandani
The Foreign Exchange Market in India has undergone substantial changes over last decade. It is imperative by the excessive volatility of Indian Rupee causing its depreciation against major dominating currencies in international market. This research has b... see more
Metin Aktas
The purpose of this article is to analyze whether participating banking sector is more stable than conventional banking sector during the global economic crisis. The main point is that which banking system are financially less affected from the global eco... see more
Md. Shahadath Hossain,A.B.M. Munibur Rahman,Md. Salah Uddin Rajib
In Bangladesh, primary and secondary mutual fund markets behave in a completely different way, where initial public offering (IPO) investors of mutual funds earn more than 250 percent rerun, whereas secondary market investors cannot even manage to cover t... see more
Sayed Mahdi Mostafavi,Somaye Sadat Roohbakhsh,Mehdi Behname
The aim of this paper is the survey of mobile price determinants by hedonic model. We have applied the hedonic price model for mobile phone market in Iran in the year of 2008. The brands conclude NOKIA, QTEK, HTC, MOTOROLA, SONY ERICSSON and SAMSUNG that ... see more
Aylin Koç,Ahmet Yilmaz Ata,Zeynep Çirkin
It is considered that the integration process of both developed and developing countries with the global world affects the aspect of social polarization in these countries. Two main approaches which are different from each other exist in the related liter... see more
Moatemri Ouarda,Abdelfatteh el Bouri,Olivero Bernard
This study presents four main contributions to the literature of behavior herding. Firstly, it extends the behavioral researches of herding of the investors on a developed market and mainly on a European market as a whole. Secondly, we are interested in e... see more
Ovidiu Stoica,Monica Damian
The goal of this paper is to estimate the inflationary effect of adoption of the Common Agricultural Policy in countries which joined the European Union in 2004, using two approaches. The first one supposes the comparison of consumer food prices before (M... see more
Vincent Okoth Ongore,Gemechu Berhanu Kusa
Studies on moderating effect of ownership structure on bank performance are scanty. To fill this glaring gap in this vital area of study, the authors used linear multiple regression model and Generalized Least Square on panel data to estimate the paramete... see more