International Academic Research Journal of Business and Management (IARJBM) - ISSN : 2227-1287 (Print)

Impact Factor - 68.16 (ICV) 2015

International Academic Research Journal of Business and Management (IARJBM) is a Double-blind peer-reviewed quarterly journal, published by Academic Research Publishers. The journal publishes research papers in the fields of business, management, marketing, finance, economics, human resource management and relevant subjects. The journal is available only on print edition and the current issue can be viewed online. Authors can also download current article from online version.

Vol No. 3 Issue 9 : Feburary 2015
A Future Outlook on Financial Inclusion through Islamic Finance: Gaps and Challenges Ahead Pages From : 01-13
Author(s) : Shahina Qureshi
Quick Links  |    Abstract  |   HTML View  |  Download PDF  |  Purchase this article

   The goal of financial inclusion appears to be within reach. But achieving it depends on scaling up innovation from across the private, public, and social sectors. More than half the world’s adults do not use formal or semiformal financial services. In recent years, the Islamic finance industry has attracted the attention of policy makers and international donors as a possible channel through which to expand financial inclusion, particularly among Muslim adults. Yet cross country, demandside data on actual usage and preference gaps in financial services between Muslims and non-Muslims have been scarce. The heightened interest reflects a better understanding of the importance of financial inclusion for economic and social development. It indicates a growing recognition that access to financial services has a critical role in reducing extreme poverty, boosting shared prosperity, and supporting inclusive and sustainable development. The paper investigates that which type of financial sector structure works better for Shari’ah compliant countries and reaching out to a broad set of individuals and firms. Therefore, policy makers in various countries who are serious about enhancing access to finance or “financial inclusion” should exploit the potential of Islamic instruments to achieve this goal and focus on improving the regulatory and financial infrastructure to promote an enabling environment. This research paper is an attempt to enhance better financial inclusion with the help of Islamic finance. The purpose of this research paper is to present the issues, challenges and possible solution related to Islamic Financial Inclusion in Middle East Countries.

Impact of Macroeconomic Variables on National Stock Exchange Pages From : 14-19
Author(s) : Dr. P. Srithar,G.Mariselvam,N.Bairavi
Quick Links  |    Abstract  |   HTML View  |  Download PDF  |  Purchase this article

   Stock market is the major economic reflector of a country. The research aim primarily considers the macroeconomic variables of Indian economy and its impact on National Stock Exchange. In this research, selected macroeconomic variables are inflation, Foreign Portfolio Investment in Equity (FPIE), Foreign Portfolio Investment in Debt (FPID), Foreign Exchange Rate (FOREX). These macroeconomic factors have been used as independent variables. The specific objective of this paper is to analyse the relationship and impact of mentioned variables on National Stock Exchange (NSE). The current paper makes an attempt to study the relationship and impact of FPIE, FPID, FOREX, inflation on Indian stock market using statistical measures like correlation coefficient and Multiple Regression Model. There exists positive correlation between inflation, FOREX, FPIE with NSE. There is negative relationship between FPID and NSE. The regression analysis depicts that the effect between inflation, FPIE with NSE is positive. The effect of FPID and FOREX on NSE is negative.

Research on Perception of Nation Brand of China Among Various Stakeholder Groups Pages From : 20-37
Author(s) : MSc Marko Ljubicic,Prof. Dr. Ming Xu,Dr. Nikola Zivlak
Quick Links  |    Abstract  |   HTML View  |  Download PDF  |  Purchase this article

   The purpose of this research was to uncover the different perceptions towards the nation brand of China among three different stakeholder groups, namely the non- Chinese (foreigners in China), Shanghainese Chinese, and Chinese from places other than Shanghai. We have isolated the Shanghainese in the research because we believe this is economically and culturally leading city in China, and its long term residents exhibit considerably more modern behavior, and, we contend, arguably different views on their own locality and country’s brand image. The analyses revealed significant differences between the groups in answering on most of the items (20 out of 26) we have developed to describe the nation brand of China construct scale, which has an impact on nation branding efforts by the government of this country, as well as utilizing different aspects of the nation brand as a country of origin of different categories of company, product, and service brands

A Comparison of United States vs United Kingdom Executive Compensation and Company Performance: An Empirical Study Pages From : 38-42
Author(s) : Scott Kenneth Campbell
Quick Links  |    Abstract  |   HTML View  |  Download PDF  |  Purchase this article

   This paper sought to improve upon the understanding of the relationship between executive compensation and company performance in two significant ways. First, the author included Vice President Compensation, and indeed found that the relationship between Vice President Compensation and company performance was stronger than the relationship between CEO compensation and company performance. In addition, the author sought to expand on previous research by incorporating executive compensation and company performance data for companies based outside of the United States. Indeed, the author found that the relationship between executive compensation and company performance was stronger for United Kingdom based companies than for companies based within the United States.

Modified fast approach to compute fuzzy values of matrix games with payoffs of triangular fuzzy numbers Pages From : 43-52
Author(s) : Tina Verma,Amit Kumar,S.S. Appadoo
Quick Links  |    Abstract  |   HTML View  |  Download PDF  |  Purchase this article

   Li (A fast approach to compute fuzzy values of matrix games with payoffs of triangular fuzzy numbers. European Journal of Operational Research, 223, 421-429, 2012) proposed an approach to compute the fuzzy optimal solution of such matrix games in which payoffs are represented by non-negative triangular fuzzy numbers. In this paper, a numerical example is solved by this approach and shown that the obtained fuzzy optimal value of one fuzzy decision variable is neither a real number nor a fuzzy number i.e., the obtained fuzzy optimal solution of the chosen problem is invalid. Also, the existing approach is modified to resolve this drawback.

`