Institute of Management & Information Science, Bhubaneswar

Pratibimba: July-December 2015

TITLE

Determinants of Profitability of Banks: A Case of Selected Private Commercial Banks of Ethiopia

AUTHORS

Abdurkerim Hedo 1 & Dr. D. Guruswamy 2

ABSTRACT

The aim of this research paper was to examine the determinants of profitability of Ethiopian private commercial banks. The data employed in the study were derived from the annual financial reports of private commercial banks. Six private commercial banks were selected in the study based on purposive sampling technique over 2002-2013 intervals. The study employed descriptive analysis, Pearson’s correlation analysis and multiple regression analysis. Profitability was dependent variable and it was measured by return on average assets. Bank size, asset quality, liquidity, taxation and industry concentration were independent variables. GDP and bank age were control variables in the study. The major outcome of the study is that bank size and GDP had positive and significant impact on the profitability of banks. Asset quality had negative and significant impact on the profitability of banks. Liquidity, taxation, industry concentration and bank age had no significant influence on the profitability of banks. Again, asset quality, GDP and bank size is the rank of the main determinants of the profitability of bank in the order of absolute value of the beta coefficient.

Keywords: Determinants, Profitability, Banks, Liquidity


1 Lecturer, Deptt. of Accounting & Finance, Adama Science & Technology University, Ethiopia, E-mail: habdurkerim@yahoo.com

1 Asso. Professor, Deptt. of Accounting & Finance, Adama Science & Technology University, Ethiopia, E-mail: gurunaidu2009@gmail.com

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TITLE

Impact of Dividend on Investment Decision of Small Investors

AUTHORS

Dr. N. K. Gupta 1 & Parul Agrawal 2

ABSTRACT

A common man wants to save and invest in the positive direction with the expectation of growth and prosperity. In past 9 months, India witnesses a rally in the stock market which is a signal of positive outlook about the economy. We also witness the shift taken place in risk perception and investment decision of a common household. The present research work is an attempt to explore and unrevealed the relevancy of dividend decision and its impact of investment behaviour of small investor. The research work helps to understand the attitude, perception and preference of small investors in current scenario.

Keywords: Dividend Decision, Small Investor, Investment Behaviour


1 Associate Professor, Ramjas College Delhi University

2 Research Scholar, Bharati Vidyapeeth Deemed University Pune, Email: bvimrnd@vsnl.com

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TITLE

Sustainable Development through Micro, Small and Medium Enterprises: An Economic Analysis

AUTHORS

Dr. Alok Ranjan Behera 1 & Prakash Kumar Sahoo 2

ABSTRACT

The objectives of the paper are to examine the growth and performance of MSMEs. Also the study tries to examine its contribution towards Gross Domestic Product (GDP) and employment in the post reform period. Further, the study identifies the various problems faced by MSMEs. The study found that Micro, Small and Medium Enterprises(MSMEs) have been playing a very significant role towards overall economic development of a country like India where millions of people are unemployed or underemployed & facing the problems of poverty till yet. As the employment opportunity in agriculture sector has been declining as well as large industrial sectors in India are also experiencing jobless growth the contribution of MSMEs can be considered as a panacea for that problem. Study also reveals that this sector is the major donor to gross domestic product (GDP), employment and exports which is sustainable in Indian economy. As data shows the micro, small and medium enterprises sector comprises 50 percent of India’s total manufactured exports, 45 percent of India’s Industrial development and 95 percent of all industrial units in the country. Therefore, it is very necessary on the part of the Government to overcome the problems of MSMEs sector by taking careful decisions and innovative policy intervention and with this technologically vibrant, internationally competitive small and medium industries should be encouraged to emerge to maintain sustainability in national income, employment and exports.

Keywords: MSMEs, Industry, GDP, Sustainable Development, Employment and Poverty


1 Assistant Professor, Dept. of Analytical & Applied Economics, Utkal University.

1 Assistant Professor, Dept. of Economics, Motilal Nehru College (E), University of Delhi.

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TITLE

Solid Waste Management: A Study of Pune Municipal Corporation

AUTHOR

Shiba Prasad Parhi 1

ABSTRACT

The growing problem of solid waste management (SWM) is a major challenge after the Indian cities and villages. We are thinking about the keeping our city clean but have we ever thought about the mounting wastes in the land filling area of the city. We should aim at sustainable solution reduction, recycling and reuse of the waste to make cities clean.

The study is all about the emergence and growth of solid waste management (SWM) in different part of the world. Identifying the good practices followed by different part of the world and Indian cities to have sound policy and program to be adopted by the municipal corporation in managing solid wastes. There are cities who are successfully converting the solid waste into compost, vermi-composting, Biogas, electricity, RDF (Refused Derived Fuel), real estate inputs, metals, etc, we need to learn their process to be replicated in other cities in India.

Keywords: Solid waste management, SWaCH, refuse derived fuel


1 Assistant Professor, Symbiosis Institute of Operation Management (SIOM), Nashik, Email: bkshibprasad@gmail.com

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TITLE

Emotional Intelligence As A Predictor of Job Satisfaction Among The Employees of A Shipyard

AUTHOR

Dr. P. Paramanandam 1

ABSTRACT

Emotional intelligence (EI) involves the ability to monitor one’s own and others’ emotions, to discriminate among them, and to use the information to guide one’s thinking and actions (Peter Salovey and John Mayer, 1990). The present study was aimed at studying the relationship between emotional intelligence and job satisfaction among the employees of a shipyard. A convenience sample consisting of fifty employees working in a shipyard participated in the study. Trait Emotional Intelligence Questionnaire was used to measure global trait intelligence which provides scores on four broader factors: well-being, self-control, emotionality, and sociability. The collected data was analysed with Mean, Standard Deviation, Correlation, regression and ANOVA tests. Results indicated that approximately forty four per cent of the variance in job satisfaction was explained by emotional intelligence.

Keywords: Emotionality, Emotional intelligence, Job satisfaction, Self control, Sociability, and Well being


1 Associate Professor, GRG School of Management Studies, PSGR Krishnammal College for Women, Coimbatore, Tamil Nadu – 641 004, Email: paramanandam@grgsms.com

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TITLE

Evaluating the Customer Loyalty through Service Quality Dimensions

AUTHOR

Dr. R. Chitra 1

ABSTRACT

The service quality is considered as the key driver for the growth of retail. Managing and improving the quality requires the continuous measurement of the performance on different dimensions that determine the service quality standards. Understanding the expectations of the customers will enable the retailers to offer better service in due course. This paper examines the paths between service quality dimensions, customer satisfaction and customer loyalty by using Structural Equation modeling technique. The sample comprised of customers who were shopping in the departmental store, with 176 participants completing the self-administered questionnaire during shopping. Results reveal that tangibility and response are positively related to customer satisfaction which in turn positively influences customer loyalty.

Keywords: Service Quality, Customer Satisfaction, Customer Loyalty, Departmental Store


1 Associate Professor, SNR Institute of Management Sciences, S.N.R. Sons College, Coimbatore- 641 006, E-mail: chitrarajesh19@gmail.com

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TITLE

Ortel Communications’ Initial Public Offer

AUTHOR

Dr Surya Dev 1

ABSTRACT

Ortel Communications Limited has gone ahead with an IPO in the month of March to meet its expansion needs. The company issues shares at a price band of Rs 181-Rs 200. This includes both offer for sale and fresh issue. The company is mostly confined its cable and broadband services to Odisha and some nearby states like Andhra Pradesh, West Bengal etc. The company has not earned profits in the last five years though the industry is expecting growth under changing legislations. Similar players in the country also face huge competition and excepting Den Network none of the other companies have shown profits. The analysts across firms feel the issue is overpriced. The lead manager of the issue is Kotak Mahindra Capital. It has a vast experience in managing such issues. The analyst concern is whether the price of this issue is fair or is overvalued.

Keywords: Media, Entertainment, Broadband Services, Last- Mile Connections, Prospectus, Book Building, Private Equity, PE Ratio


1 Professor, IMIS Bhubaneswar, Odisha, Email: suryadev@imis.ac.in

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Institute of Management & Information Science, Bhubaneswar