Open Access Original Research Article

Effects of Financial Dualism and Inclusion on Economic Development in Nigeria

G. I. Anyanwu, P. A. Okere, N. F. Adioha

Asian Journal of Economics, Business and Accounting, Page 1-13
DOI: 10.9734/ajeba/2020/v20i230319

This study examined the effects of financial dualism and inclusion on the economic development in Nigeria. Data were obtained principally from primary sources, interviews and questionnaires.  The sample for the study consisted of one hundred (100) respondents randomly selected from shop owners in Eke Ugwu market, in owerri capital territory. The qualitative data were transformed into quantitative form with the use of likert scale. The ordinary least square (OLS) estimation technique was employed to test for relationship in the model. The study revealed a significant relationship between financial inclusion and economic development in Nigeria. The study further revealed that the delivery of quality financial services at affordable price and terms to the generality of the populace especially the disadvantaged and lower income segment of the society is the essence of financial inclusion. This study therefore recommends that the monetary authorities should ensurethat banks offer prompt and timely services. Neck-to-measure services should be produced and made available to customers at affordable prices.  Again, Banks and other financial institutions should design appropriate packages that will assist in collaborating with the informal financial institutions so that the funds so far mobilized by them are integrated into the banking sector. This will reduce the volume of currency outside the banking sector.

Open Access Original Research Article

Effects of Different Socio-economic Characteristics of Rural Households on Their Saving Decision in Pabna District of Bangladesh: A Binary Logistic Regression Analysis

Md. Al-Amin

Asian Journal of Economics, Business and Accounting, Page 14-20
DOI: 10.9734/ajeba/2020/v20i230320

Household saving ensures a smooth future by softening the potential insecurities arise from uncertainty at the cost of present consumption. Moreover, the volume of national investment determines the actual health of an economy which is intensively associated with national savings. This study aimed at determining the effects of different socio-economic characteristics of rural households on their saving decision in Pabna district of Bangladesh. This research used a set of cross-sectional data from 250 households from three upazilas in Pabna district namely Pabna Sadar, Iswardi and Sujanagar on the relevant variables for the empirical analysis. A multistage random sampling technique involving simple, purposive and stratified random sampling was used to draw the sample. The study employed a binary logistic regression model to assess the influences of different socio-economic and demographic characteristics of rural household on their saving decision. The findings of the current study asserted that gender, family size and dependency ratio of household have significant and negative effects on their decision to start saving or not to start saving. Contrarily, the effects of the variables age, education level, marital status, income, secondary earner and liabilities on the decision of households to participate in saving were positive and significant. Moreover, the results revealed that social status has a strong but insignificant effect, but the variables access to bank and credit facilities have almost no significant effect on the household saving decisions. Since, private savings is essential for both the micro and macro level of an economy, therefore the study tried to suggest some recommendations with a view to increase private savings.

Open Access Original Research Article

Awareness about Plagiarism among the Student of Higher Educational Institutions: Reflections of a Case Study Conducted at Ibra College of Technology, Oman

Ali. O. P., Hamda Hamdoon Said Al- Humaidhi, Safa Zahir Saud Al- Maawali

Asian Journal of Economics, Business and Accounting, Page 21-31
DOI: 10.9734/ajeba/2020/v20i230321

Plagiarism has become a major problem in higher education institutions in recent years. With the advancement of modern means of publishing, the students and researchers can easily access information from various online sources, which has resulted in the act of stealing others works without referencing or without proper referencing, poor quotation, invented data, imitation, cheating and many other form of academic misconduct. Literature shows that many of the students in higher educational institutions are not very much aware about the process of research and writing. This misconception sometimes leads to plagarise academic work without knowing the seriousness of doing so. This is often due to a lack of awareness and research skills among students and researchers. This crime can lead to many problems such as, reduce the level of thinking, creativity and productivity because students do not prepare it by themselves and they do not work hard for it. The objective of this study is to investigate the student’s attitude and awareness toward the issue of plagiarism. This study was conducted at Business Department in University of Technology and Applied Science, (Ibra College of Technology) Sultanate of Oman during the academic year 2019-20.

Open Access Original Research Article

Financial Risk and Adoption of Public-Private Partnerships in Kenyan Public Universities

Francis Mukatia Asakania, Gregory S. Namusonge, Maurice Sakwa

Asian Journal of Economics, Business and Accounting, Page 32-41
DOI: 10.9734/ajeba/2020/v20i230322

Employment of public-private partnerships as a way of delivery of public utilities has been on the rise in the recent past. This has been driven by a number of factors, key among them being the ability of the public entity to transfer financial risk to private sector players who are better placed to mitigate such risks. The study purposed to assess the effect of financial risk on adoption of public-private partnerships in Kenyan public universities. The specific study objectives were to evaluate the influence of interest rate variability, revenue streams variability and exchange rate variability on adoption of public-private partnerships. The study employed a descriptive research design while targeting a population of 223 comprising of purposively selected employees from nine public universities. A sample size of 143 was used from whom data was collected using structured questionnaire. Data analysis employed use of both descriptive and inferential statistics. The results obtained show that interest rate variability, revenue stream variability and exchange rate variability have a statistically significant influence on adoption of public-private partnerships. On the basis of the study findings it was concluded that financial risk transfer had a significant positive influence on adoption of public-private partnerships in Kenyan public universities. It is therefore recommended that Kenyan public universities should thoroughly evaluate financial risk involved in any project before entering into public-private partnership arrangement in order to enhance value for money.

Open Access Original Research Article

Point of Sale and Cashless Policy in Nigeria: Challenges and Prospects

G. I. Anyanwu, C. I. Anumaka

Asian Journal of Economics, Business and Accounting, Page 42-57
DOI: 10.9734/ajeba/2020/v20i230323

The study examined the impact of Point of Sale (POS) on cashless policy, issues and prospect in Nigeria economy; research questions were formulated and distributed to the sample population of 500 drawn from various POS operating centers in line with the objectives of the study. Four hundred and fifty  responses were returned while fifty copies were not returned; the responses were categorized according to strongly agreed, agreed, strongly disagreed, disagreed and neutral with weight of (5,4,3,2,1) assigned to each category respectively to generate acceptable raw data for econometric analysis. The raw data were analyzed using cointegrated, ordinary least squares, autoregressive distributed lag, unit root and Grange causality; the result shows that POS has significant and positive impact on cashless policy in Nigeria. We therefore recommend that POS should be deployed to various areas to facilitates exchange transactions and ultimately reduces cash based related transactions in the economy.