Global

To study world equity markets indices and their corresponding relationship with a portfolio consisting of U.S. MNCs, we conducted correlation, cointegration and bivariate Granger causality tests. Using daily returns of the past five years, we have concluded that the inclusion of foreign equities increases returns of a diversified home portfolio. From the cointegration tests, we concluded that there is no long-term equilibrium relationship between the U.S. indices and the selected foreign indices. Finally, correlation tests led us to conclude that U.S. MNCs do not follow foreign indices in terms of returns. In summary, our empirical analysis suggests that U.S. investors should diversify their portfolios by including home equities traded abroad selected in developed and emerging markets. This result corroborates that of Salehizadeh (2003). Since U.S. MNCs could not substitute indices returns, home bias problem will continue to exist because, on the one hand, foreign investment has risks that are absent in home portfolios and on the other hand, U.S. institutional investors have an information advantage as well as higher international returns.
Women constitute about half of the population and had contributions for the development of the country in all fields in Ethiopia. In spit to their number and contribution, their participation in managerial positions has consistently lower than men in public organizations in Jimma Zone. It is universally accepted truth that women are the base and fuel for the overall development of a country. However their participation in all spheres of life is mainly at subordinate level and in managerial positions in public organizations are insignificant. Therefore, this study is aimed to assess the factors affecting women participation in managerial position in public organizations in Jimma Zone.
Palynological and sedimentological studies were carried out on Paleocene/Eocene outcrop sediments from Shagamu Quarry Benin basin, SW Nigeria so as to gain insight into the paleoclimate of this important geological period in the tropics. Standard palynological preparation techniques were applied to sub-samples of the outcrop. Another suite of same sediments was sedimentologically prepared and analyzed for lithological inferences. The outcrop samples are made up of a larger shaly section and a very short dolomitic shaly sand unit within the Oshoshun (Akinbo) Formation. Diversity and abundance of palynomorph taxa decreased upward from the late Paleocene to the earliest Eocene in the outcrop area. Four phyto-climatic zones were recognized. The late Paleocene section was wet except a brief dry interval with abundant Poaceae and fungal elements, while the earliest Eocene was dry. Occurrence of Apectodinium acme and abundant Botryococcus within a marine transgression event perhaps indicate the PETM in the study area.
This paper preoccupied itself with the assessment of special education service delivery to persons with disabilities. Individuals with disabilities, who are the subjects of special education, encounter difficulties that prevent or make it strenuous to use a part of their body completely or easily or that they cannot learn easily. Special education service delivery requires the expertise of special educators and para-professionals like the psychologists, social welfare workers, medical personnel and a host of others who are charged with the delivery of quality special education services to meet the needs of all persons with disabilities. Special education services include rehabilitation services, assessment/identification strategies, home/hospital based services, provision of materials/equipment and assistive technology for persons with disabilities etc. Globally, there are two paradigms for service delivery namely special school setting and general or regular school settings. The paper sampled trends of service delivery in India, Brazil, Kenya, Malaysia and of course Nigeria. The paper found that most countries have embraced the regular classroom as modality for service delivery for persons with disabilities.
New metal complexes of the ligand (HL) 2-[1H-Pyrrol-2-ylimino methyl]- 5-phenyl-1, 3,4-oxadiazol with the metal ions Co(II), Ni(II) and Cu(II), were prepared in alcoholic medium. The Schiff bases were condensed by using [Pyrrolcarboxaldehyde] with[2-amino-5-(phenyl-1, 3,4-oxadiazole] in alcoholice medium. As the Schiff baseprepared was tridentate ligand, it was used for forming complexes with Co+2, Ni+2, Cu +2 and Zn+2 ions of type M (HL)2. All the synthesized Schiff base and their metal complexes were characterized by FTIR Spectroscopy, Electronic Spectroscopy, Elemental Analysis, Magnetic Susceptibility Measurements, Thermal Analysis , 1H-NMRSpectra, and Mass Spectra.
The aim of this study is to explore factors that affect the capital structure of manufacturing firms with the absence of secondary market and to investigate whether the capital structure models derived from Western settings provide some convincing explanation for capital structure decisions of Ethiopian firms. Theories of capital structure are reviewed in order to formulate testable factors concerning the determinants of capital structure of the manufacturing firms. The investigation is performed using panel data procedures for a sample of 32 firms during 2006-2010 G.C. Profitability as measured by return on asset, tangibility and the business risk level of firm are found to be significant determinant factors of capital structure.
The objective of this study is to explore intuitional culture of private higher institutions in case of Admas University. This research had a hybrid design of both qualitative and quantitative type to fully address the stated objectives and secure the validity and reliability of the finding and it is mainly descriptive research design type. Stratified sampling technique was instrumental to select sample respondents to fill the questionnaire. The whole study populations have been classified into three groups (management, employee and student). Out of which, 11 instructors in the employee category, 5 managers from department heads and administrative staffs and 14 students were selected through random sampling method. Besides, the researcher has implemented convenient sampling method to get the opinion and response of the 4 instructors and 5 students in the informal interview session. Spiraling merits and amplifying remedies for weaknesses is the key to walk in success track. As the current state of organizational culture reveals, it’s possible to say that AUC has a culture which is not perceived equally in a similar fashion by all members of the college. Besides, the paradoxical views of individuals particularly that of employees and management indicate the possible misunderstanding and disparity exist in the overall organizational culture of the college. This might in return has a negative effect on the performance and productivity of employees. Given the current situation, the college has to: invest much time and effort on providing awareness creation and information exchange sessions for all members of the college on culture and related matters; striving to create conducive work environment and relationship among members in the college might reduce the information gap exist between them and the antagonistic view held particularly by employees on managers.
The success and downfall of man’s existence is based on how he works effectively. If he appreciates what he does, with all the knowledge and proficiency he has, there will not be even a single reason for him not to succeed. The study aimed to determine the job satisfaction of teachers and its relationship to their students’ achievement and teachers’ performance.
The study aimed at examining spatial market integration among geographically separated onion markets in Nigeria. Secondary data involving monthly retail price data of onion crop in the selected producing and consuming states were used for the analysis. The study was analysed using Ravallion model, Johansen cointegration, error correction model and granger causality. The index of market concentration indicated low short run market integration of onion market (IMC > 1), which could be as a result of poor road network in spatially separated markets. There was long run cointegration exist among the producing and consuming states and the error correction model result indicated that the rates of price transfer were generally moderate. This may be related to efficiency of information flow. The study recommends that farmers should be provided with more price information and good road network to enable them take advantage of spatial price differences.
In the world we live in today we can safely say that the internet revolution, digital representation and transportation of data had offered efficient solution for information delivery. But these phenomenal developments brought their own concern and problems in area of searching, security, monitoring and use of information by qualified end users. In early days the information was generally obtained and processed in the form of text but nowadays people are aware of the truth that information can be obtained in the form of graphics, which are a more precise and a more inclusive illustration of information. In this paper a new technique is introduced for fast Content based Image Retrieval with the help of colors and global features. Image retrieval on the base of color histogram is a very useful and common technique but in some cases this technique is not reliable. In proposed technique some new things are added with the color histogram to make it more efficient and reliable for Content based image retrieval.