Open Access Original Research Article

Growth, Electric Power Consumption Externalities and Patterns of Localisation of Emissions

Theodoros Makridakis, Charalampos Agiropoulos, Sotiris Karkalakos

Journal of Economics, Management and Trade, Page 1-15
DOI: 10.9734/JEMT/2018/44455

Aims: To elaborate on dimensions of Electric Consumption and patterns of localization.

Study Design:  Investigate spatial, economic, electric and environmental spillovers.

Place and Duration of Study: Chicago, USA. Department of Finance, between September 2017 and September 2018.

Methodology: This paper examines the causality relationship between the electric power consumption externalities and economic growth in 89 countries using data from the period 1990 to 2014.  The spatial econometric approach is employed to identify neighbouring relationships.

Results: Results with estimated spatial, economic and environmental weights present a potential comparison among the effects of different types of spillovers relative to the geographical clusters. In other words, they examine the role of externalities across countries in the process of energy consumption by estimating the empirical counterpart models.

Conclusion: The effect of regional externalities of energy consumption pattern on GDP growth is verified through spatial, economic and environmental channels.

Open Access Original Research Article

Training and Development and Organisational Performance: Standpoint from Private Tertiary Institutions in Nigeria

Adedoyin Olawale Adeyi, Exodus Kehinde Apansile, Wisdom Okere, Linus Izediuno Okafor

Journal of Economics, Management and Trade, Page 1-10
DOI: 10.9734/JEMT/2018/44895

The study examined the link amid employee training and development (T&D) and organisational performance of selected private universities in Ogun State. In solving this challenge, this study employed survey research design. Copies of the questionnaire were administered to three hundred and twenty-two (322) respondents (teaching and non-teaching staff of Bells University of Technology and Covenant University), out of which three hundred and thirteen (313) were correctly completed. Descriptive statistics of tables and percentages were used for data classification and inferential statistics of linear regression for testing of the hypothesis. The findings revealed that the increase in training and development will result to an increase in organisational performance [x1 = 0.42, p<0.05]. The study confirms that employee retention strategy of training and development is a must for organisations who wishes to improve or attain their desired state of performance. The study, therefore, recommends that the Management of Tertiary Institutions should invest heavily in training and development for their employees which would, in turn, boost organisational performance.

Open Access Original Research Article

Payoffs from Neutral Option Strategies: A Study of USD-INR Market

Avneet Kaur, Sandeep Kapur, Mohit Gupta

Journal of Economics, Management and Trade, Page 1-11
DOI: 10.9734/JEMT/2018/44988

Aims: The present study has tried to assess the profitability of payoffs from adopting neutral option strategies on USD-INR.

Study Design: The study was carried out using daily closing values of the US Dollar-Indian Rupee current future rate available on National Stock Exchange of India (NSE) for the period starting from 29th October 2010 (the start of currency options market in NSE) to 30th June 2016.

Methodology: The present study has tried to fill the gap of assessing the profitability of payoffs from adopting neutral options strategies on USD-INR. Strategies namely long and short straddle; long and short strangle were employed on USD-INR for 68 months starting from October 2010 to June 2016.

Results: The payoffs are highly variable but fail to achieve any statistically significant results on the individual and comparative basis

Conclusion: Results of the study are therefore significant for traders, hedgers and have academic value especially in the domain of foreign exchange neutral options strategies.

Open Access Original Research Article

Social Performance Disclosure Practices in Indian Oil Companies-An Analysis of GRI-G4 Guidelines

N. Abhishek, M. L. Ashok, M. S. Divyashree

Journal of Economics, Management and Trade, Page 1-14
DOI: 10.9734/JEMT/2018/45814

Business is one of the members of the society because it starts and ends its operation within the society so it has to consider its obligations and responsibility towards the society in which it is established. Business organisations having a special interest on the society along with its operational performance will sustain in the society for the long-run. There are several people who are having a direct and indirect association towards society such as owners, workers, consumers, financial institutions, and the public at large. For this group of interested people, business must communicate the information regarding to financial, environmental and societal performance of the business. The present study is intended to analyse the disclosure practices of social performance by the Indian oil companies. For the purpose of the study data was collected based on secondary sources and collected data is analysed with the help of content analysis technique, cooke’s compliance index, t-test. The study found that there is a difference in social disclosure of Indian oil companies and GRI-G4 guidelines and also found that there is an improvement in disclosure level of social information over the period of time.

Open Access Original Research Article

The Impact of Corporate Social Responsibility Practice on Financial Performance of Banking Industry: Case Study: East African Commercial Banks

Hussein Abdi Mohamud

Journal of Economics, Management and Trade, Page 1-7
DOI: 10.9734/JEMT/2018/36764

The purpose of the study is to investigate the impact of corporate social responsibility on financial performance in the banking sector in East African countries. The required data are collected from the Annual report and web sites issued by the banks for the year 2010 to 2016 and analyzed using Ordinary least squares (OLS) model by using Eviews9. The sample of the study consists of 35 banks in six countries. Corporate social responsibility score was obtained using content analysis of reports of the banks on various components of corporate social responsibility as reported in their audited financial reports also the variables of Financial performance was obtained from bank’s financial statements. A multiple regression model was established to determine the relationship between the two variables. Control variables of GDP and financial leverage were also introduced in the regression model. The result showed that there is a positive strong relationship between CSR and ROA, while there is a negative relationship between CSR and ROE, therefore the study recommends the banks critically evaluate its existing CSR policy and to increase the wealth of shareholders.

Open Access Review Article

Enabling Foreign Exchange Management through GIS

Satinder Bhatia

Journal of Economics, Management and Trade, Page 1-11
DOI: 10.9734/JEMT/2018/45222

New derivative products and new statistical techniques including big data analysis have brought about a lot of advancements in foreign exchange management. Companies are also disclosing more information on foreign exchange exposures including economic exposure and causes and impact of changes in these exposures on their profitability and asset base. The next step, as advocated in this study, may be to combine spatial visualisation techniques developed with the help of GIS to map out the different types of foreign exchange exposures territory-wise and, thereby, enhance understanding of the strategies required to manage these exposures. This study looks at the previous literature on applications of GIS towards increasing efficiencies in business processes including market share enhancement and optimisation of branch location and conceptualises their use in the field of foreign exchange management similar to their use in the financial derivatives market advocated by earlier researchers.

Open Access Review Article

Sustainable Smart Universities for Smart Cities

Satinder Bhatia

Journal of Economics, Management and Trade, Page 1-11
DOI: 10.9734/JEMT/2018/44521

In the transformational world that we live in, change has become a necessity.  Today, cities are becoming smart and are getting future-ready. That is why, there is much discussion on how cities are promoting sustainable development and financial or social inclusion.  The creation of smart cities, however, requires smart universities – universities that apart from focusing on tech-based infrastructure/courses and community and government engagement, also make serious efforts to become sustainable themselves. Economic and social sustainability characterised by efficient use of resources, budget transparency and gender diversity are vital for universities aspiring to be the smart components of smart cities.  A review of the existing literature on smart universities and smart cities reveals a multiplicity of definitions of smartness and consequent inadequate attention to resource efficiency and social and economic inclusion in such universities, while design and delivery of course curriculum and physical and digital infrastructure may be getting the required attention. Although previous research has pointed to the need for whole schooling and social intelligence of schools/universities, the concept has not become widespread and even present-day rankings of such institutions often miss including sustainability criteria along with academic excellence criteria. This study, thus, reiterates that sustainability metrics for universities must be widely adopted and universities assessed on such metrics along with their strengths in teaching and research. This includes their ability to enable beneficiaries to pass on the same benefit to others. Smart cities require smart universities that follow sustainable principles in all their activities and enable others to do the same.