The paper examines the role of food price increase in overall inflation in Bangladesh using econometric analysis of time series data. While the direct impact of food price is quite obvious because of its high share in overall price indices, the paper focuses on the second round impacts of food inflation on non-food and overall inflation. As opposed to usual perception that food price shock is transient in nature, the paper finds that shocks in food inflation has been at least as persistent as that...

The present study has attempted to contribute to the existing literature on oil and agricultural commodity prices by examining the dynamic linkages between crude oil prices and agricultural commodities’ like wheat, rice, oats, soybean corn and cotton over a period of 25 years ranging from 1990 to 2015. The core purpose of this study is to examine the return and volatility transmission mechanism between crude oil and agricultural commodities. Presence of contagion from crude oil market to major...

The objective of this paper is to address the impact of the external assurance on RTA information systems, on user’s trust in and reliance on the system in making decisions. An experimental study on a sample of first level managers in the commercial banks in Egypt, who depend mainly on RTA information systems to take their decisions, was conducted. The results of the experimental study indicate that first level managers appreciate the assurance provided by external auditors and their trust...

This study investigates how the cultural values of American visitors will impact on their perceptions of Vietnamese service providers’ attributes and performance. The Principal Component Analysis on the distinct cultural values exhibited by American visitors and Vietnamese service providers provides an enhanced understanding of cross-cultural tourist-host perceptions about service quality. By investigating tourism service quality and holiday perceptions from a cross-cultural perspective, the researchers...

Sri Lanka suffered from a civil war for three decades and this conflict ended in 2009. This study examines the impact of 20 war related incidents on Sri Lankan Initial Public Offering (IPO) stocks from 2000 to 2009. The broad methodologies used were event study analysis, Ordinary least square regression analysis (OLS) and the generalized autoregressive conditional heteroscedasticity (GARCH (1,1)) model. Under regression, the main techniques used were the Chow breakpoint test (CBT) and dummy variable...

The purpose of this research paper is to examine the influence of external social ties on repayment performance of microfinance group borrowers by using personal network analysis technique. The data for this study were collected from PRIDE Microfinance in Tanzania. In order to map external social ties, borrowers’ personal network data were collected from 351 borrowers through self-administered questionnaire using social capital measurement questions known as name generator. Using logit regression...

This paper represents the initiative to highlight a developing country’s perspective on justification and thereby identifying the factors affecting CEO compensation. Pakistan’s Banking Sector represents a definite case of very high salaries and compensation packages, especially for the top level staff such as CEO and the directors. This paper tends to explore the reason for such high compensation for CEO’s in the Banking Industry. This paper attempts to use panel data of 22 listed banks in...

This paper investigates the influence of volatility of foreign exchange rate of the U.S., the U.K., Eurozone, Japan, and Singapore against the volatility of six Australian sectors for the given investigation period by controlling the periods of global financial crisis 2007-2008. The volatility in this study is estimated using GARCH (1,1) models. The daily data is collected from the period of 2002 to 2014 while the dataset is divided into three sub-periods: before GFC (July 2002 to July 2007), during...

This paper examines the institutional factors that affect Community Banks’ savings mobilization efficiency. It is different from most studies that focus on the impact of macroeconomic, demographic or individuals’ social-economic factors on savings mobilization. This study uses panel data of 408 observations of Community Banks whose information was gathered by the Bank of Tanzania from 1996 to 2015 on quarterly basis. Using fixed effects approach; the findings indicate that interest rate on deposits,...

This paper aims to investigate the effect of financial analysts’ earnings forecasts on the institutional trading. In specific, we address three issues regarding the effect of financial analysts’ earnings forecast on the institutional investing behavior: (1) Do institutional investors prefer firms with higher accuracy on earnings forecast? (2) Do institutional investors prefer analysts with higher accuracy on earnings forecast? (3) Do institutional investors prefer analysts with bold attitude...