Determinants of Technical Inefficiency of Handloom Weaving Industry in Kushtia District of Bangladesh: A Tobit Model Approach
Md. Khairul Islam,
Md. Elias Hossain
Issue:
Volume 4, Issue 4, August 2015
Pages:
95-99
Received:
14 July 2015
Accepted:
28 July 2015
Published:
11 August 2015
Abstract: This paper is an attempt to analyze the determinants of technical inefficiency of handloom weaving units operating in Kumarkhali Upazila of Kushtia District in Bangladesh. The study is mainly based on primary data that are collected through structured questionnaire from handloom unit owners in the study area. A total of 57 handloom units are randomly selected for the study. Cobb-Douglas production function model is employed to obtain the technical efficiency of handloom units and technical inefficiency index is calculated from the obtained efficiencies. Tobit Model is used to identify the factors of inefficiency in the handloom weaving units. From the analysis, average inefficiency of handloom units in the study area is found to be 0.245. The major findings of the study show that education, experience, size of unit, and age of owners are significant factors influencing technical inefficiency of handloom weaving units.
Abstract: This paper is an attempt to analyze the determinants of technical inefficiency of handloom weaving units operating in Kumarkhali Upazila of Kushtia District in Bangladesh. The study is mainly based on primary data that are collected through structured questionnaire from handloom unit owners in the study area. A total of 57 handloom units are random...
Show More
Local Investments in Nigeria: What Role for Capital Market Operations
Olure-Bank Aadeyinka Michael,
Omodele Kilanko,
Gbadebo Salako,
Ajiteru Temilade
Issue:
Volume 4, Issue 4, August 2015
Pages:
100-112
Received:
14 July 2015
Accepted:
24 July 2015
Published:
11 August 2015
Abstract: There have been the growing concerns and controversies on the role of the Stock markets on economic growth and development. There have been mixed results; while some are in support of a positive link, some negative link and others do not find any empirical evidence to support such conclusion. In this study. To explored the roles or effectiveness of capital market instruments on Nigerian economic growth. Two models were formulated and data for the period 2004-2014 were collated while the Error Correction and co-integration model were employed for analysis with result of long run equilibrium. This study examines the role of the Nigerian capital market operations on the development of the Nigeria local investment in the manufacturing sector, recommendations were made for active stock market to be developed in the country.
Abstract: There have been the growing concerns and controversies on the role of the Stock markets on economic growth and development. There have been mixed results; while some are in support of a positive link, some negative link and others do not find any empirical evidence to support such conclusion. In this study. To explored the roles or effectiveness of...
Show More
Management of Pollutants in Industries: A Case Study
Seyed Ebrahim Vahdat,
Rohollah Askarpour,
Pedram Keyhany,
Yones Rahimi,
Hadi Soflaei
Issue:
Volume 4, Issue 4, August 2015
Pages:
113-118
Received:
15 July 2015
Accepted:
27 July 2015
Published:
11 August 2015
Abstract: In this paper, using fuzzy logic, a model is presented to monitor region wise industrial pollutants in pyrometallurgy industries. The model has been used in a case study that will determine which industry, in which region, producing which and how much pollutants, is ecologically compatible. To assess the ecological compatibility, first, the sets of industries, regions, pollutants and ecology compatibility were defined. Then, to calculate the membership degree of the members of the ecology compatibility set, the membership function of ecology compatibility was defined. By ranking different industries in various regions, producing different pollutants, as continuous figures, the ecological compatibility of these industries was accurately compared. Given the degree of ecological compatibility in a region, the type of pollutant and the related industry, identification of the lowest degree of ecological compatibility was the first priority of this case study. Results of the conducted case study, without considering the region coefficient, show that in December 2005, member C241, with an ecological degree of compatibility equivalent to 0.0559, had the most critical condition in producing carbon dioxide. However, in the same period in 2005, on considering the region coefficient, member C121, with an ecological degree of compatibility equivalent to 0.0655, showed the most critical condition as far the production of carbon dioxide was concerned.
Abstract: In this paper, using fuzzy logic, a model is presented to monitor region wise industrial pollutants in pyrometallurgy industries. The model has been used in a case study that will determine which industry, in which region, producing which and how much pollutants, is ecologically compatible. To assess the ecological compatibility, first, the sets of...
Show More
The Impact of Firm’s Level Corporate Governance on Market Capitalization
Md Shamimul Hasan,
Normah Omar
Issue:
Volume 4, Issue 4, August 2015
Pages:
119-131
Received:
16 July 2015
Accepted:
29 July 2015
Published:
11 August 2015
Abstract: The examination of the influence of firm’s level CG on market capitalization is potentially important for managers to improve CG system in context of Bangladesh. The linear relationship between CG and market capitalization is recognized at one percent level of significance. A positive and significant relationship between board independence and market capitalization is identified. On the other hand, a negative and significant relationship between public ownership and market capitalization is detected by the model. The present practice of CG does not capable to bring back the eroded confidence of external shareholders. The study recommend some steps for improve the situation such as at least two independent directors or one-third whichever is higher, mandatory training for directors to improve their mindset, introduce audit review system, introduce VFM review mechanism, establishing a high powered financial reporting council (FRC) and so on.
Abstract: The examination of the influence of firm’s level CG on market capitalization is potentially important for managers to improve CG system in context of Bangladesh. The linear relationship between CG and market capitalization is recognized at one percent level of significance. A positive and significant relationship between board independence and mark...
Show More
