Business, Management and Economics Research
Online ISSN: 2412-1770
Print ISSN: 2413-855X
Print ISSN: 2413-855X
Volume 3 Number 9 September 2017
The Extent of Implementation of E-Procurement Program in Selected State Universities and Colleges (SUCs) in Region lll, Philippines
Authors: Norma L. Raguini
The study determined the extent of implementation of e-procurement program in selected State Universities and Colleges (SUCs) in Region III, Philippines namely four (4) state universities: Ramon Magsaysay Technological University, Bulacan State University Tarlac State University, Nueva Ecija University of Science and Technology and four (4) state colleges: Pampanga Agricultural College, Tarlac College of Agriculture, Bulacan Agriculture State College and Aurora State College of Technology. Two groups of stakeholders, (1) the procuring entity and (2) end-users, were the respondents for a total of 166 respondents. Results showed that perceptions of procuring entity and end-users differ on the implementation of e-procurement program in terms of receipt and opening of bids, bid evaluation, post-qualification, procurement of goods and supplies and alternative methods of procurement. However, both of the respondents agree on the awards and contract signing, implementation of infrastructure project and termination of contracts. From these results, stakeholders should implement seminars and trainings to enhance awareness of the provisions of government Procurement reform Act and must conform to its provisions to ensure transparency and accountability in government transactions and enhance efficiency and effectiveness in the procurement of goods, services and civil works. All government procuring entities are mandated to use the PhilGEPS in its procurement activities and shall post all opportunities, notices, awards and contracts in it as the central portal of government procurement transactions in accordance with RA 9184 and its IRR.
An Empirical Study on the Degree of China Trust Market Competition Based on Panzar-Rosse Model
Authors: Zhu Liping
The paper has an empirical study on the degree of China trust market competition based on Panzar-Rosse model, using the panel data of 43 trust companies during the year of 2008-2012.The empirical result shows that China trust has market structure of monopolistic competition. Furthermore, the paper reveals the factors leading to China turst market structure of monopolistic competition, which includes the declining trend in the degree of China turst market concentration, prominent homogenization of trust products, and obvious features of the administrative region segmentation.
Determinants of Board Monitoring Effectiveness in Anglo Countries in West Africa: An Empirical Investigation
Authors: Ebenezer Agyemang Badu ; K. O. Appiah
This paper provides an empirical investigation into the factors influencing board monitoring function effectiveness in Anglo Countries in West Africa using Generalized Methods of Moment and other estimation techniques. Introducing new dimension and proxies for key board attributes ignored in prior studies, we find that board skills, independence and size play a dominant role in improving board monitoring effectiveness in these countries. However, no evidence was found for board gender diversity affecting board monitoring effectiveness. Consistent with prior studies board skills and independence by far have the strongest impact on board monitoring function effectiveness.
The Relevance of the Statement of Cash Flows in the Decision Making of Business Organizations: The Experience of the Banking Industry in Nigeria
Authors: Monday Osirim
The statement of cash flow provides an important ingredient for rational decision-making as regards the financial stability and viability of an organization. The success and survival of every organization depends on its abilities to generate enough cash inflows to meet its objectives. The study examines the relevance of the statement of cash flows in the decision making of an organization with a particular emphasizes on the banking sector in Nigeria. The survey research design was adopted. The population of the study consists of commercial banks in Nigeria. The target population of the study consists of 750 employees of the 21 deposit money banks in Port Harcourt metropolis. A sample size of 261 was determined using Taro Yamen formula. Structured questionnaire was used as an instrument for primary data collection and was designed in Likert scale 5 points format ranging from strongly agreed = 5 to strongly disagreed = 1. It was evident from the empirical results that significant and positive relationship exists between cash flow and decision-making. On the strength of this findings, it was recommended that Regulatory Authorities such as the Financial Reporting Council of Nigeria, and the Securities and Exchange Commission should develop a strong policy framework that will encourage the banking sector and other organizations to establish a result oriented cash flow system; that will enable the investing public to evaluate the financial viability and liquidity of an organization and to avail themselves of any financial risk capable of eroding their investment.