/library/oar/handle/123456789/74261 2025-12-23T05:36:28Z 2025-12-23T05:36:28Z Arize, Augustine C. Kallianiotis, Ioannis N. Malindretos, John Panayides, Alexis Sylla, Cheickna /library/oar/handle/123456789/74636 2021-04-26T05:00:13Z 2021-01-01T00:00:00Z

Title: An econometric study of forecasting French foreign exchange rates Authors: Arize, Augustine C.; Kallianiotis, Ioannis N.; Malindretos, John; Panayides, Alexis; Sylla, Cheickna Abstract: Purpose: The objective of this paper is to study possible diversity of exchange rate models, by applying both parametric and nonparametric techniques, and examines said models’ collective predictive performance. Design/Methodology/Approach: We shall choose the forecasting predictor with the smallest Root Mean Square Forecast Error (RMSE). The better type of exchange rate model is in the Autoregressive model’s equation, according to the empirical evidence, although none of this data yields an optimal forecast. Findings: In our conclusion, the error correction versions of these exchange rate models will be adjusted so that credible long-run elasticities can be imposed on each model’s fundamental variables.

2021-01-01T00:00:00Z Dereje Amanu, Abdi Gebissa, Bacha /library/oar/handle/123456789/74635 2021-04-26T04:59:36Z 2021-01-01T00:00:00Z

Title: Analyzing the determinants of financial performance of micro financial companies : a case study Authors: Dereje Amanu, Abdi; Gebissa, Bacha Abstract: Purpose: The purpose of this study is to investigate the determinants of microfinance institutions’ profitability in Ethiopia over a period of nine years (2010-2018) in twelve purposively selected institutions. Design/Methodology/Approach: Microfinance institutions are proved to be a powerful tool for financial inclusion through financing entrepreneurial activities in rural and urban areas. However, to reach at their objectives, microfinance institutions need to be financially sustainable and sustainability largely depends on profitability. The study investigated eight microfinance institutions profitability indicators including debt equity ratio, liquidity ratio, operational self-sufficiency ratio, financial self-sufficiency ratio, portfolio at risk, loan loss reserve ratio, operating expense ratio and total assets (size). Profitability of microfinance institutions is measured by return on asset. Quantitative research approach was employed and secondary data were collected from the audited financial statements which were analyzed using multiple regression model. Findings: The results of the study show that operational self-sufficiency ratio, financial self-sufficiency ratio and total assets have positive significant relationship with return on assets of microfinance institutions whereas operating expense ratio, debt-to-equity ratio and liquidity ratio have negative significant effects on return on assets of microfinance institutions. However, portfolio at risk ratio and loan loss ratio has no significant effect on the profitability of microfinance institutions. Practical implications: The study recommends that microfinance institutions management shall focuses on ensuring the operational self-sufficiency, financial self-sufficiency and total assets (size) in order to increase their profitability. Moreover, due attention shall be given to well managing their operating expense ratio, debt equity ratio and liquidity ratio.

2021-01-01T00:00:00Z Hidayah, Nurul Nugroho, Lucky Prihanto, Hendy /library/oar/handle/123456789/74634 2021-04-26T04:59:02Z 2021-01-01T00:00:00Z

Title: The determinant factors of sustainability report quality and corporate performance : an empirical study Authors: Hidayah, Nurul; Nugroho, Lucky; Prihanto, Hendy Abstract: Purpose: This study aims to obtain evidence and conclude that the quality of the sustainability report depends on stakeholder pressure, financial performance, and good governance so that the company's reputation and public trust will be better. The purpose of this research is to examine the determinant factors of sustainability report, including environmental, employee shareholder pressures and board of commissioners. Design/Methodology/Approach: Analysis of the data in this study using multiple regression models, supported by secondary data and purposive sampling with the criteria of companies that publish sustainability reports in Indonesia. Findings: This research indicates that environmental and shareholder pressures affect the quality of the sustainability report. Pressure from employees and the board of commissioners does not affect the sustainability report. Furthur, ROA is proven not to moderate the influence of environmental pressures, shareholders, employees, and commissioners on the sustainability report's quality. Practical Implication: The results of this research would enhance the quality of sustainability report in Indonesia by prioritizing the role of good governance and stakeholders interested. Originality/Value: The authenticity of this study is to provide empirical proof to the previous literature that environmental pressure, employee pressure, stakeholders pressure and, boards of commissioners are affiliated with the sustainability report quality.

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