/library/oar/handle/123456789/81177 Sat, 08 Nov 2025 13:41:01 GMT 2025-11-08T13:41:01Z /library/oar/handle/123456789/140810 Title: Index linked bonds and their applicability in Malta Abstract: [...] Objectives: The objective of this dissertation is to study the nature of ILBs, their main advantages and disadvantages and to determine their suitability in Malta. The key research questions that this dissertation aims to solve are: 1. How do ILBs function? 2. What are the advantages and disadvantages of ILBs for the issuer, investor and policymaker? 3. How reliable is the Retail Price Index (RPI) as a benchmark for ILBs? 4. How far are ILBs applicable to Malta? Limitations: This dissertation is based on information available up to 31st December 1997. An outline of the calculation of coupon payments and the redemption payment of Capital Indexed Bonds will be given, but this study will be limited as to the detail on the calculation of other types of ILBs. The detail as to the calculation of the inflation expectations and all the related formulae will not be dealt with in this dissertation. The taxation implications of these investments are also beyond the scope of this study. Dissertation overview: as shown in figure 1.1 on page 6, the study is structured as follows. The review of literature is divided into two chapters: - Chapter 2 deals with nature, characteristics and mechanism of ILBs. It also highlights the differences between conventional bonds and ILBs. - Chapter 3 poses the advantages and disadvantages of ILBs to the issuer, investors and policymakers. The methodology used for the research will be dealt with in Chapter 4. The research process and the structure of the various interviews held will be explained. Chapter 5 analyses the inflationary situation in Malta, the mechanism and composition of the RPI, its main limitations and their effect on indexed bonds. Chapter 6 discussed and applies the findings obtained from the interviews held. At the outset the chapter delineates the major investment preferences of the local investors and the possible reasons for their choices. The chapter then proceeds to view and discuss the opinions of the interviewees about the various questions that were asked during the Institutional Survey. Chapter 7 offers a summary and some concluding remarks including a number of recommendations. Description: B.ACCTY.(HONS) Thu, 01 Jan 1998 00:00:00 GMT /library/oar/handle/123456789/140810 1998-01-01T00:00:00Z /library/oar/handle/123456789/130132 Title: The perceived advantages of the limited liability company in the Maltese environment Abstract: To date, the limited liability company has been the most popular type of partnership in Malta. This dissertation investigates the perceived advantages of the limited liability company, and presents an analysis of the findings. The investigation was carried out by means of a survey, wherein the respondents expressed their views as to the advantages offered by the limited liability company. Various advantages were mentioned, such as limited liability; fixed company taxation rate and other taxation advantages; continuity; succession; credibility; separate legal identity and others. The analysis carried out in the course of the dissertation reveals that, under certain circumstances, a good number of these perceived advantages are notional rather than real. For example, the concept of limited liability does not apply in cases where personal security is taken against possible liabilities. Another example is that no advantage exists with relation to taxation of company profits, if such profits are distributed. Thus, it appears that arguments can be presented against, as well as for, the advantages offered by the limited liability company in our local environment. A concluding point is that the particular circumstances of our environment must be kept in mind, when contemplating any changes intentioned to improve the advantages offered by the limited liability company. Description: B.ACCTY.(HONS) Sun, 01 Jan 1989 00:00:00 GMT /library/oar/handle/123456789/130132 1989-01-01T00:00:00Z /library/oar/handle/123456789/130019 Title: The essential requisites of form of bills of exchange : a comparative study Abstract: The purpose of the dissertation is to analyse the requisites of form of bills of exchange contained in the Maltese Commercial Code and compare them with those required by the English and Italian laws. Though in Malta such requisites are listed under the heading "A bill of exchange must ... ", it results that the absence of some of them, namely, the date and place of issue, the date and place of payment and the value given, do not subscribe to the nullity of a bill. This is either because the law itself provides a remedy in case of absence or else it has been proved by various text writers, usually backed by court decisions, that a bill is legally valid and can still operate notwithstanding the lack of such requisites. In view of the complete silence of the Maltese law on important matters and the presence of some outdated provisions, amendment of our law cannot be delayed any further. It is suggested that such an amendment should be aimed towards international uniformity, especially if one considers the international function of a bill of exchange and its importance in the development of our foreign trade. Description: B.ACCTY.(HONS) Thu, 01 Jan 1987 00:00:00 GMT /library/oar/handle/123456789/130019 1987-01-01T00:00:00Z /library/oar/handle/123456789/122930 Title: Coping with inventory management challenges in the retail fashion industry : a case study Abstract: The trade in goods is as old as civilisation itself and involves virtually every being on the planet, in one form or another. The retail industry is very important world wide since it contributes greatly to the economy of every country. In Malta, the Wholesale and Retail trade contributed to 12.1% of the Gross Domestic Product in 2004. The only industries which surpass this amount are the manufacturing industry and the public administration industry. The fashion industry covers a multitude of areas but refers essentially to the retail of clothes and accessories such as shoes and bags, items which are all found at the outlets of the company on which this study was performed. This industry is one of the most complex in existence and one of the greatest challenges faced by the people working in this industry is that of stock management. This dissertation sets to analyse and evaluate how a Maltese retail fashion firm copes with the challenges faced by this industry giving special attention to inventory management and other aspects related to the latter. It analyses and evaluates the practices adopted by the firm to ascertain their efficiency and effectiveness. Several topics related to this industry and to inventory management with respect to the firm in question were tackled. Such areas include the purchasing process, inventory costs and pricing, sales, the IT system related to inventory, management reports amongst others. For all companies in this industry the balancing act of keeping inventory at the necessary level to satisfy demand, while ensuring that they are not left with obsolete inventory, is a major issue. In order to meet their challenges Maltese fashion retailers need to improve the way they operate. Thus new business practices are attracting the attention of the entire industry. Description: B.ACCTY.(HONS) Sat, 01 Jan 2005 00:00:00 GMT /library/oar/handle/123456789/122930 2005-01-01T00:00:00Z