Aims and scope
Current Issue & Archive
Issues & Archive
Volume 5 Issue 1 2016 Abstracts
Issues in Career
Choices of Successors in Family Businesses: Perspective from
Agarwal, A. Kumar, K. D'Souza
Successors play a critical role in the future of family businesses, to either grow, maintain or sometimes even wind them up. Succession depends upon multiple factors including intent of the successor and the reasons for the successor to join the family business. This paper attempts to undertake a detailed literature review on succession in family managed businesses. The rationale for joining family businesses is examined around succession as a process, analysis at multiple unit levels, the role of the founders and other members, the phases of succession, geographic, economic and demographic factors. The objective is to identify the issues in career choices and the gaps that exist in research particularly with reference to Indian economy.
Keywords: family firm, succession, career, ownership, incumbent
Empowerment through Microfinance Services
M. Dash, V. M. Prasad,
C. J. Koshy
This study attempts to understand the impact of microfinance services on women empowerment, in terms of changes in income, savings, socio-economic status, and political participation. The study was conducted on a sample of two hundred and twenty women beneficiaries of microfinance services of leading MFI operating in Kerala state. The sample was selected by multi-stage cluster sampling. The results of the study showed that microfinance programs have created a positive impact on its beneficiaries. Majority
of the respondents are engaged in various income generating activities because of the credit facilities provided by microfinance institutions. This resulted in a significant change in their income level and savings after participating in microfinance programs. This has helped them to earn income for their family and also enabled them to play an important role in their family and in society as well.
Keywords: microfinance schemes, women empowerment, socio-economic
Y. Z. Drachuk, V.
N. Rashchupkina, N. V. Trushkina
In the paper the SWOT-analysis
of innovative business in Ukraine is performed. The major indicators
of innovative activity in Ukraine are analyzed. The factors, that
inhibit the activation of the functioning of small and medium
enterprises in innovation, are investigated. The proposals to enhance
the development of innovative entrepreneurship as the effective form
of public-private partnership in Ukraine are developed.
innovative entrepreneurship, small business, revitalization,
development, public-private partnership, indicators, factors,
Banking Sector Challenges in Research
A. G. Goncharuk
The paper allocated the basic research types
related to the banking sector and banks: estimation and ranking of
efficiency and competitiveness of the banks; problems in bank
operations and security; analysis of banking sector; factors
affecting banks’ activity. For each type author held a brief overview
of studies published over the last years.
sector, ranking, efficiency, competitiveness, security, banks
of Universities Efficiency Using Data Envelopment Analysis: Weights
Restrictions and Super-Efficiency Measure
S. Ramzi, M. Ayadi
Higher education represents the spine of development and economic performance in any country. Evaluating the efficiency of this sector is necessary to detect its insufficiency and to develop strategies and policies to improve its productivity. In this paper we evaluate the efficiency of 11 public Universities in Tunisia in 2009, 2012 and 2013 using two fields of DEA development: weights restrictions and super-efficiency measure. We use two input variables: the number of students enrolled in Letter and human sciences and the number of students enrolled in Computer sciences, media and telecom. The two outputs describing research and teaching activities within universities are the number of research units and laboratories and the number of graduates from Fundamental and Applied License respectively. The results show that the application of DEA model with weights restrictions in the sub-sector of higher education increases the discrimination of efficiency results. The super-efficiency measure reveals its usefulness in the ranking of efficient DMUs by attributing to them efficiency scores greater than one.
Keywords: higher education, weights restrictions,
super-efficiency measure, non-parametric approach, DEA, Tunisia
Ten Myths of Performance Evaluation of Mutual
Funds: a Snapshot View
G.V. Satya Sekhar
There are numerous studies conducted to examine the performance of mutual funds of the developed capital markets based on age-old models. This paper is intended to examine the trends in modeling dimensions of measuring performance of mutual funds during last 50 years. This paper is intended to examine
some basic myths about performance evaluation of mutual funds. There
are several studies on this issue. It is observed that the opinions
of scholars are deviating and not correlating with the results. For
instance, persistence of performance is not confidently proved by the
scholars. There are various reasons which are exhaustive and to
mention a few like: market fluctuations, market timing ability, and
competition in the industry.
Keywords: financial modeling, mutual funds, performance appraisal, global investments
Iceland-UK Interconnector: A Brief Analysis of
Possible Political Risk Mitigation and Dispute Settlement
A. D. Traustason,
H. Þ. Hilmarsson
The proposed interconnector between Iceland and the United Kingdom carries numerous and different types of risks for Iceland. This article focuses on political risk. Ownership of the interconnector and related infrastructure needs to be settled in a way that minimizes political risk for the Icelandic nation without sacrificing national sovereignty over its clean energy sources. A public-private partnership
could use various methods to mitigate risk. International institutions, such as the Energy Charter Organization and the International Centre for Settlement of Investment Disputes (part of the World Bank Group) could provide a basis for international arbitration
in the event of dispute. Other solutions, such as bilateral legal agreements and contracts for difference, are also assessed with regard to the interconnector in addition to some financing options.
Keywords: political risk, risk mitigation, cross-border