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  • Business, Management and Economics Research

    Online ISSN: 2412-1770
    Print ISSN: 2413-855X

    Frequency: Monthly


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    Volume 2 Number 7 July 2016

    Recreation Specialization, Personal Input and Service Level


    Pages: 141-145
    Authors: Shih-Ming Ou
    Abstract
    With increased attention paid to leisure time and much diversified interests developed in tourism, there have emerged various recreational activities that attract the eye of the many potential recreationists. The modern society begins to witness recreationists continue their involvement with recreational activities with a view to accumulating practical experience, improving activity skills and upgrading recreational specialization. In this socialization process, tourist firms play an important role, indeed. However, what is the better investment strategy for tourist firms to meet the rising demand of recreationists? This paper in application of optimal control theory seeks to construct a model, first of all, to describe the dynamic nature of recreational specialization process and accumulation of human capitals and resources, and secondly, to bring forth recommendation of adequate investment strategy for tourist firms. Findings include improving service speeds up accumulating process of recreational specialization capital.



    The Impact of Cash Flow on Stock Price in the Banking Sector of Nigeria


    Pages: 136-140
    Authors: Lyndon M. Etale ; Paymaster F. Bingilar
    Abstract
    This study examined the impact of cash flow on stock price in the banking sector of Nigeria. The study adopted market price per share (MPPS) as proxy for stock price and the dependent variable, while cash flow per share ratio (CFPS), cash flow to total assets ratio (CFTA), and dividend to operating cash flow ratio (DOCF) were adopted as the independent variables. Data on the study variables for the period 2005 – 2014 were collected from the annual reports and accounts of ten commercial banks listed on the NSE. The study employed multiple regression technique based on Windows SPSS 20 version to analysis the data. The findings of the study revealed that CFPS, CFTA and DOCF had positive significant impact on MPPS. Thus, the study concluded that cash flow has positive significant impact on stock price in the banking sector of Nigeria. The study recommended that preparers of financial statements should view the statement of cash flow as an important component of the annual report, while investors should put attention on the statement of cash flow in making investment decisions.