International Academic Research Journal of Economics and Finance (IARJEF) - ISSN : 2227-6254 (Print)

Impact Factor - 68.16 (ICV) 2015

International Academic Research Journal of Economics and Finance (IARJEF) is a Double-blind peer-reviewed quarterly journal, published by Academic Research Publishers. The journal publishes research papers in the fields of Economics , Finance, Business, Marketing, 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. 1 Issue 3 : September 2012
Management of Non- Performing Loans (NPLs) of Banks in Bangladesh -An Evaluative study Pages From : 1-15
Author(s) : Firoja Akter khanam,Kamrul Hasan,Rehnuma Sultana Khan
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   This paper discusses the magnitude of Non-performing Loans (NPLs) in the banking sector of Bangladesh. The paper reveals that the presence of an alarming amount of NPLs both in Nationalized Commercial Banks (NCBs) and in the development Financial Institutions (DFIs), along with maintenance of inadequate loan loss provisions , diminishes the overall credit quality of Bangladesh. The study investigated the different causes of Non- performing loans. Using a sample of 30 managers selected from the ten largest banks, the study found that influence of politicians was perceived as the most important external factors. Diversion of fund by customer, failure to disclose vital information during the loan application process were considered to be the main customer specific factor. The study further found that lack of aggressive credit collection policy was perceived as the main bank specific factor, contributing to the nonperforming loan problem in Bangladesh. The study reveals that some actions that are taken by the managers for reducing NPLs.

Impact of Fund Management on Banks liquidity, Profitability and Productivity -A Study on Some selected Private Commercial Banks in Bangladesh Pages From : 16-35
Author(s) : Kamrul Hasan,Firoja Akter khanam,A.H.M. Rakibul Mawla
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   The successful management of a commercial bank is very careful in consideration of three objectives liquidity, profitability and productivity. To attain the above objectives, commercial banks in practice need to set up their funds in their balance sheet composition. Management needs to decide as to what constitutes the best distribution of funds in the quest for attaining those objectives. This paper examines the impact of fund management on banks liquidity,profitability and productivity during the period from 2006 to 2010. The study was confined to five selected private commercial banks. Both primary and secondary data have been used here. The findings of the study corroborate the hypothesis that loan variable is positively and significantly correlated with profitability, productivity and is negatively correlated with liquidity. The study also finds out that fund management decisions were unsatisfactory. The main reasons for inefficient fund management were incurrence of lower profitability, rapid increase in establishment expenses, instability in monetary policy, higher amount of nonperforming loans, less attention to cost control, priority sector financing. To overcome this, the study gives some policy implication to improve fund management of banks.

News and Money in Times of Political Instability: Measuring the Expressivity of Newspaper Articles and its Effect on the Peso-Dollar Exchange Rate and the Philippine Stock Market Index Pages From : 36-50
Author(s) : Percival S. Gabriel
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   Stock market analysts would indicate the lack of encouraging political and economic news that resulted in the tumbling stock market index. These pieces of information are published in newspapers that have been tailored by writers and editors to conform to certain journalistic style, adding their appreciation on the event. Thus a certain piece of information may be written and published in a negative, positive or neutral manner. This research created a method for measuring the expressivity or the negativeness, positiveness or neutralness of media-information called Expressivity Rating. The Expressivity Rating of political and economic articles published in four leading newspapers in the Philippines was correlated with the Philippine Stock Market Index and Foreign Exchange Rate. The problem is to find out if media-information can affect the performance of the Philippine bourse and the Philippine Peso against the US Dollar during the 2004 Philippine national elections. This research found relatively high correlation and significant multiple regression models indicating that media-information measured in Expressivity Rating can affect the performance of the stock market and foreign exchange