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Abstract - Guarda Nacional Republicana Risk Analysis and Revenue Management System. Case Study: Comando Territorial de Lisboa
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Abstract: The complexity and decentralization of revenue along with the need for effective allocation of public resources in the Guarda Nacional Republicana are the core of this research. The present research aims to analyze the impacts of a risk management system in the decision-making process. In this context, the objective is to identify and analyze the most critical areas and control mechanisms implemented in the monitoring of the inherent risks in the process of road accident certificates. Thus, the purpose is to analyze the impacts of a risk management system in the process understudy in the Comando Territorial de Lisboa and, consequently, its consequences in the administration of the internal resources of the Guarda Nacional Republicana. The findings show that the most critical areas in the process of own revenue management are related to the collection and saving of public funds, therefore, the control mechanisms implemented reduce the margin of error. However, it is noted that the revenue is collected in a decentralized manner associated with various computer systems without interoperability which implies technical inconsistencies that severely affect their management. Thus, it is concluded that an adequate risk management methodology reveals an optimization of the application of the internal resources of the Guarda Nacional Republicana based on the alignment of the strategic objectives with the institution´s risk assessment. In conclusion, a risk management system is a tool meant to support decision making allied to the safeguarding of assets, the protection of the institutional image and the fulfillment of the mission. Keywords: Risk management, Own revenue, Control mechanisms, Guarda Nacional Republicana. |
Abstract - Have Sentiments Influenced Malaysia’s Stock Market Volatility During the 2008 Crisis?
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Abstract: This paper examined the effects of both macro-economic and investor sentiment on the volatility of the Malaysian stock market, during the 2008 global financial crisis. However, as the measurement for investor sentiment is unavailable, we constructed an investor sentiment composite index from a number of proxies, namely; the stock market turnover, number of Initial public offerings (IPO) and its initial returns, advance decline ratio, and consumer sentiment index by employing a strict process of Factor analysis with Principal component analysis’ extraction. By employing Autoregressive Distributive Lags (ARDL) model, we observed the failure of macroeconomic fundamentals to significantly predict the Malaysian stock market’s volatility during the crisis period while investor sentiment was a significant factor that influenced the market. These findings support the notion that investors tend to behave irrationally during crisis periods and these may assist practitioners in formulating specific investment strategies during crucial periods in order to gain abnormal returns. Keywords: Macroeconomic fundamentals, investor sentiment, global financial crisis, volatility, Malaysia stock market. |
Abstract - Heritage Tourism and Vibrant Life of the Baan Lao Community, Chao Phraya River, Bangkok, Thailand
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Abstract: The reputations of primary and secondary tourist destinations are hierarchically created through its value to the nation. Prioritizing a conservation project and tourism development can have major differences. Values attached to a destination by inhabitants are different from those of tourists, and are often influenced by the promotional campaigns designed by authorized agencies. A primary destination is then worthy of promotion and conservation as it serves a nation’s purposes economically, socially and politically, while a destination that is not corresponding in such ways is usually disregarded. Koh Kret is an established primary tourism destination for domestic visitors, though not for international visitors. However, the Baan Lao Community can be developed as a secondary tourism destination for visitors to Koh Kret. Koh Kret and Baan Lao Community in Thailand are illustrations of significance and value. By understanding the Baan Lao community’s significance, value and values, it is an opportunity to develop the area as a secondary tourist destination, and help preserve the way of life of local inhabitants along the Chao Phraya River in Bangkok, Thailand. Keywords: Primary tourism destination, Secondary tourism destination, Koh Kret, Associated heritage value, Way of life, Chao Phraya River. |
Abstract - Hayek’s Hidden Critique of The General Theory
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Abstract: Hayek is seen as one of the main opponents of Keynes because of the debate about macroeconomics that they had in the early thirties. A few years after this controversy, Keynes published The General Theory ([1936] 1973), and Hayek was expected to criticize Keynes’ new model. But, surprisingly, Hayek decided to remain silent and let his opponent go unchallenged. He regretted it ever after. However, this paper argues that in Hayek’s work after 1936, there is a criticism of The General Theory that to a certain extent has remained unnoticed. Thus, this approach reopens the great debate between Hayek and Keynes just where they had apparently left it, that is, after the publication of The General Theory. Keywords: Keynes, prices, business cycles, macroeconomic policy, unemployment.Download Full Article |
Abstract - Hindrance to Benefit from the Potential Sources of Finance to Enhance the Growth of Small and Medium Size Enterprises in South Africa
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Abstract: Small and Medium Size Enterprises are increasing playing an important role in economic development of most countries all over the world nowadays. For these small businesses to grow and be sustainable, they require sufficient capital in the form of financial resources to go operational because the lack of funding or access to finance could hamper their growth. The lack of access to finance has been reported to be one of the major causes of small business failure and discontinuity in South Africa. The purpose of this study is to identify the available sources of financial support for the growth of SMEs in South Africa. The study anticipates to find out why despite government’s effort to offer financial support for the growth of the SME sector, the rate of small business failure and discontinuity in South Africa is still one of the highest in the world. A qualitative methodological approach was utilized and interviews were conducted on SME managers on the subject under investigation. It was found that most SME managers in South Africa are ignorant about available sources of finance offered by government to boost the sector. It is imperative for the relevant authorities to revise and improve on the means and mechanisms used to support SMEs such that all small business managers are aware of the availability of this assistance and where and how to access it. In this regard, the government need to set up education and training facilities in different communities where intending and existing small business managers would be educated on the available sources of finance and how to access this funding to start up and grow their businesses. Keywords: Finance, SMEs, failure, success, business, South Africa. |