Journal of Contemporary Issues in Business Research

Author(s): Mighri Zouhayer and Jarboui Anis

Abstract: This paper aims as an objective to analyze the performance of refunding of Enda-Inter-Arab established in Tunisia as a model of microfinance, its specificities in terms of the refunding of microcredit and also its key factors of success and its critical factors of failure. With this intention, we will focus ourselves mainly on three subjacent factors of the performances of refunding of this association of microcredit that are in particular: determinants related to its characteristics, those related to the specific characteristics of its environment and finally those related to the characteristics of its customers.

Keywords: Rate of refunding; Microfinance; Micro-borrower; Enda-Interarabe, Tunisia.

» About This Article   » Full Text (PDF)   » Permissions   [pp:279-303]   Article first published online: 2014

• Higher Institute of Business Administration of Sfax, Tunisia (ISAAS)

Author(s): Shahida Wizarat ¹, Aamir Hussain Siddiqui ²,and Ehsan Ahmed Shaikh³

Abstract: This study aims at analyzing the trade pattern of Sri Lanka with Pakistan and India. Sri Lanka has signed Free Trade Agreement with India and Pakistan and these three countries also members of SAFTA. Data reveals that bilateral trade between Sri Lanka and Pakistan is progressing under Pakistan-Sri Lanka FTA regime and same is the situation with India. Trade of Sri Lanka with these countries has nothing to do with SAFTA regime or agreement as trade is more favorable under bilateral FTA regime. Majority of the commodities trade under FTA are those which have higher value of revealed comparative advantage. Commodities which have lower comparative advantage are those which have MFN zero rated import duty or are not covered in FTAs. Therefore countries would not prefer to trade under SAFTA regime where preferential market access would be given to large number of countries. Keeping this in view reality, it may be concluded that SAFTA is a stumbling trade bloc.

Keywords: SAFTA; FTA; Trading Bloc; Pakistan; Sri Lanka; India.

» About This Article   » Full Text (PDF)   » Permissions   [pp:304-313]   Article first published online: 2014

• Trade Development Authority ¹
• Govt. Degree Boys College, 5-L, North Karachi ²
• Institute of Business Management, Karachi ³

Author(s): Hafiz Waqas Kamran,¹ Muhammad Kamran Yousaf, ² and Asif Iqbal ²

Abstract: Purpose-The main purpose of present study is to investigate the equity price determinants through with the framework of both industry specific and country specific elements, by considering the major firms listed in the Karachi Stock Market at Pakistan from the time period to 2004-2008. Research Methodology-To ensure the deep understanding, in this study secondary data technique with the various statistical and econometric methods were used to test the hypothesis in order to satisfy the core objectives. Findings/Outcomes-Contemporary analysis explains that Equity prices of the shares have been determined by number of explanatory variables. Regression result analysis suggests that there is a significant positive relationship between the dividends, earnings per share while there is negative relationship between the stock price, Gross Domestic Product and Inflation in the economy. GDP has negative but significant association while inflation has negative and insignificant relationship with the stock price. Research limitations-This study has focused on very limited number of firm specific and industry specific factors. At second time period of the study is not much long. Implication of the study-Results of the present study is quite beneficial for the management and policy makers while determining the equity prices in the market economy. Findings are also quite sigfncaint for the local and international investors while they are going to make some capital investment decision in financial markets.

Keywords: GDP; Firm specific; Industry specific; Financial markets.

» About This Article   » Full Text (PDF)   » Permissions   [pp:314-322]   Article first published online: 2014

• Hailey College of Commerce, University of the Punjab ¹
• National college for Business administration & Economics ²