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Journal of Reviews on Global Economics

Improving the Calculation of the Efficiency Assessment of Cash Flow Management in High-Tech Industries Pages 759-767

 

Alexey V. Kemenov, Tatyana V. Abalakina and Olga I. Zhukova

DOI: https://doi.org/10.6000/1929-7092.2018.07.72

Published: 12 November 2018  


Abstract: Relevance: Information about cash flows is always being closely monitored by analysts, business managers and investors. The efficiency of money management determines the quality of the entity as a whole. And his management should use the integrated indicator of the effectiveness of cash flow management in making management decisions.

The novelty of the present scientific research is in the following:

- the advanced method of calculation of the integral indicator of the efficiency of cash flows management at the high-tech enterprises is proposed,

- the appropriate and efficient use of cash flow profitability indicators is identified.

Practical usefulness.

- It is justified that The Net Present Value (NPV) profitability of net cash flow is the indicator that reflects the efficiency of cash flow management.

- The proposed integral indicator of the effectiveness of cash flow management makes it possible to determine the impact of individual factors that influence the formation and use of NPV.

- the proposed efficiency assessment for effective cash management will determine the quality of management of activity of the economic entity.

Keywords: Financial stability of the organization, cash flow, estimation of the factors of growth in the efficiency of cash flow management, integral indicator of the efficiency of cash flow management.

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Journal of Reviews on Global Economics

Improving the Competitiveness of Nigerian Deposit Money Banks through Business Process Re-Engineering Pages 926-933

 

Ann I. Ogbo, Emmanuel Y. Attah and Wilfred I. Ukpere

DOI: https://doi.org/10.6000/1929-7092.2018.07.90

Published: 10 December 2018  


Abstract: This work sought to determine the impact of business process re-engineering on the competitiveness of deposit money banks in Nigeria. The specific objectives assessed the nature of the relationship between corporate restructuring and competitive advantage, whilst examining the extent and nature of the relationship between innovative rethinking and market share, and establishing key barriers to business process re-engineering in money deposit banks in Nigeria. The study comprised a population of 17977, which included staff at both junior and senior levels of the deposit money banks in the North Central Zone of Nigeria. The study used a sample size of 504 respondents, which was derived from the population, using the Freund and Williams Sampling formula. Hypotheses testing was conducted by using the Pearson Product Moment Correlation Coefficient for hypotheses one and two, and the Z-test for hypothesis three. The findings revealed that corporate restructuring and competitive advantage had a positive relationship; there was a significant positive relationship between innovative rethinking and market share; and resistance to change and poor project management were key barriers to business process re-engineering in money deposit banks in North Central.Based on the findings, we conclude that properly implemented business process re-engineering is a strategy, which is required to improve banks’ competitiveness and to gain competitive advantage, whilst leveraging on the economies of scale. It is recommended that management teams that are restructuring their operations should not merely do so because their business is failing and hence needs restructuring, but should instead do so to improve their competitiveness and financial standing.

Keywords: Business process re-engineering, Competitiveness, Restructuring, Quantum leap.

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Journal of Reviews on Global Economics

Inevitability of Labour Broking in South Africa and the Need for Strict Regulation  Pages 1170-1178

Kola O. Odeku and Patrick T. Mogale


DOI: https://doi.org/10.6000/1929-7092.2019.08.101

Published: 23 December 2019


Abstract: It seems apparent that despite all the agitations, protests, and concerns raised by various organised trade unions, non-governmental organizations (NGOs), scholars and interested persons on the need for South Africa to out rightly ban the business of labour broking in South Africa because of the various unfair labour practices being perpetrated by the labour brokers and their clients, the business continues to thrive and prosperous. The ban continues to fail because till date, no single legislation has been enacted specifically to outlaw labour broking. Therefore, it seems that labour broking as a business is inevitable in South Africa and will continue to operate. That being said, even if it is not banned, this article strongly accentuates the need to stringently regulate labour broking considering various unfair labour practices that labour brokers and their clients perpetrate against workers. Against the backdrop of this, the article extensively relied on and utilised the recently enacted Labour Relations Amendment Act, 2014 which makes a moderate attempt to protect casual workers from unfair labour practices in South Africa. The South African courts have made tremendous progress by interpreting and applying this regulatory regime to protect the labour broker’s employees and transform labour broking in South Africa. This article contributes to the body of knowledge regarding the need to ensure holistic protection for vulnerable casual works through stringent regulation of the business. This assertion is made against the backdrop that this aspect has not been robustly researched hence this article seeks to address the problem and proffer solutions.

Keywords: Temporary employment, Protection, Regulation, Transformation, Unfair labour practices.

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Journal of Reviews on Global Economics

Inequality and Spatial Convergence in the Mexico City Metropolitan Area, 1989-2010
Pages 69-8388x31
Luis Quintana-Romero, Jaime A. Prudencio-Vázquez and Carlos Salas Páez

DOI: http://dx.doi.org/10.6000/1929-7092.2016.05.07

Published: 06 May 2016


Abstract: The analysis of inequality and polarization patterns between by regions of a national economy is central to ascertaintheir possibilities of future economic development. In this work we study such patterns in municipalities and boroughs of Mexico City Metropolitan Area (Zona Metropolitana de la Ciudad de Mexico, ZMCM). The evolution of inequality and polarization in this important area of Mexico is studied with new proposals of measurement using spatially conditioned indexes and through a dynamic transition analysis. The results confirm that the territorial inequality has grown among the municipalities and boroughs that integrate the ZMCM. Moreover, this phenomenon coincides with an increase of the polarization characterized by the formation of four subgroups or convergence clubs.

Keywords: Inequality, polarization, dynamic transition, Mexico City Metropolitan Area (ZMCM).
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Journal of Reviews on Global Economics

Inflation and CashPages 152-156

Vladimir A. Popov

DOI: https://doi.org/10.6000/1929-7092.2018.07.13

Published: 09 March 2018  


Abstract: Cash demand is investigated by means of mathematical analysis. The optimal cash amount a person needs in order to minimize the effect of inflation and maximize percent money is given here. The corresponding number of cash transfers for a period is calculated. The corresponding formulas are presented and proved.

Keywords: Baumol-Tobin formula, cash withdrawal, average cash, cash demand, inflation rate.<

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