Financial crisis in Zimbabwe have been a common phenomenon in the financial services sector,year after year banks have collapsed despite the fact that they have risk management departments which regularly meet to review their exposure to risk and look at different measures on how to mitigate these risks.Financial institutions practice and value risk management in Zimbabwe because they understand that risk management is core to banking survival, but it was found that risk management techniques and practices are not being practiced effectively due to a variety of reasons and problems.This book provides a variety of risks financial services sector face and their implications to the economy.Financial services sector is core to the economy whenever stakeholders loose confidence in the financial services sector the economy will be affected greatly leading to economic woes as witnessed in Zimbabwe.
A world-renowned money manager shares winning strategies for small-stock investing Since forming Bares Capital Management, Inc. in 2000, Brian Bares has shown that above average returns can be generated through the careful selection of small company common stocks. Additionally, he's shown how concentrating capital in a handful of ideas improves the potential for outperformance by increasing the depth of knowledge of each position and allowing each security to have a more meaningful impact on the portfolio. In The Small-Cap Advantage: How Top Endowments and Foundations Turn Small Stocks Into Big Returns, Bares describes how endowment-model investors and aspiring managers can gain meaningful exposure to small stocks while sidestepping many of the obstacles that have historically prevented institutional investment in the asset class. The book also Details the historical outperformance of small-cap stocks Contrasts the various strategies employed by managers in the space Explains how aspiring managers can structure a firm to boost performance and attract institutional capital Describes how endowment-model institutions can evaluate and engage outside managers for their small-cap allocations Summarizes important topics such as liquidity and the research process Bigger is not better. The Small-Cap Advantage reveals that small stocks have historically performed better than large ones, and that lack of competition in small-cap stocks provides diligent managers with a singular opportunity to outperform.
Mutual funds are the financial institutions which play a crucial role in mobilizing savings and investing them in the capital market. Thus they establish a link between savings and the capital market. They sell units to the public and invest the proceeds in a large number of market securities. They are expected to reduce risk through diversification and provide the ordinary investors with expert selection and professional monitoring of investment backed by excellent customer service. In general, mutual funds turn to be an important investment vehicle of risk-averse investors who want to reap the benefits of buoyant stock markets, but do not have enough time and resources to enter in to the capital market. In this context, this study analyzes the overall performance of mutual funds in India, examines the relative strength of public and private sector mutual funds and determines the factors determining the growth of mutual funds in India. The important findings are the public sector mutual funds performed well till the entry of private sector mutual funds. But after the reforms, the growth of public sector funds has declined sharply.
The economy of North East India is predominantly agricultural economy. With tremendous potentiality in industrial sector, North East India fails to fulfil its industrial needs. Economic backwardness leads this sector over emphasized and flood damage to agriculture is resulted production uncertainty. Equally, there is no such large-scale industry except oil and tea. In this situation, feasibility of small-scale industry is preferable to large-scale industry for initiation of high production as well as changing over all industrial patterns. The small-scale industries of North East India are using the traditional technology, which is mostly labour intensive and has been low productive capacity. Therefore, it is important to analyse the efficiency of labour intensive technique in small-scale industries. The book also expects to highlight the real picture about the internal problems and prospects of industrialization in Assam and North East India.
The book explains how interest rate risk exposure affects the financial performance of commercial banks in Uganda. The banking sector in Uganda is extremely exposed to various risk exposures in terms of volatility from exchange rates, currency fluctuations, oil prices shocks and inflation which later affects the lending activities of the banks. The purpose of the study was to highlight the key measures, strategies and best practices of minimizing risk exposures in the banking sector by practicing best risk management approaches in line with the international best practices of managing interest rate risks. The study has created avenues for discussion to the extent that the commercial banks in Uganda has achieved good sound and strong measures of the Camel rating risks measures of financial performance and risk reduction strategies in order to curb future risk exposures in the sector. We explore to encourage readers to compare our approach to bring in more insights to the banking sector best practices of interest rate risk management and best ways to sustain bank performance in the fragile environments especially financial crisis in the global financial markets and fragile economies
Indian banking system has well developed organization in the country. Entrepreneurs and creative thinker were established the most of the banks in India. In the pre –independence era, they provided financial support to the farmers, business community, traders and industrialists in India. At present, largest commercial bank in the country is State Bank of India. . Banking sector in India has seen lots of positive developments in the last decade. The policy makers in India have made lot of efforts to improve the regulation in the banking sector. The banking sector evaluates positive results in growth, profitability, non- performing assets, credit risk and funds management. In this scenario, some of the banks have recognized innovation and growth aspects. Banking industry in India has to strengthen them to support to the Indian economy.
Small scale industries play a key role in the industrialization of developing countries. This is because they provide immediate large –scale employment and has a comparatively higher labour capital ratio: they need a shorter gestation period and relatively smaller markets. They need lower investments, offer a method of ensuring a more and equitable distribution of national income and facilitates an effective mobilization of resources of capital and skill. The small scale sector in India has played a very important role in the socio-economic development of the country during the past 50 years. In has significantly contributed to the overall growth in terms of the GDP, employment generation and exports. The performance of the small scale sector therefore has a direct impact on the growth of the overall economy. This study is restricted to the role of small scale sector in Indian economy. India is a poor country mainly depending on agriculture. The role of small scale sector in its economic development is highlighted. This study deals with the role of SSI in empowering weaker sections. SSI has been considered as one area where women workers are in good number.
This book takes you through credit management at an advanced level. It focuses on many areas of credit risk management including: Personal sector, Business sector, Character, Capital, Capacity, Conditions, Consequences, Collateral, Cash flow, Current information, Computerisation, Inflation, Off-balance sheet funding, Foreign exchange rates, Foreign sector – sovereign risk,Historical development, Relationship with other financial risks, Assessment of credit risk, Credit risk assessment in the personal sector, Character of the individual, Capital, Capacity, Conditions, Collateral, Credit risk assessment in the corporate sector, Sectoral research, The asset structure, The funding structure, The solvency and liquidity structure, The profitability structure, The trading activity structure, Composition and distribution of profits, Cash flow projection, Management Credit risk assessment in the foreign sector, Managing the risk. Risk sharing, Capital structure effect, Flexible debt service, Nature of guarantees, Off balance sheet treatment of debt, An overview of project risks, Risk rating, Forms of finance used in project financing.
Children are not simply small versions of adults but are “energy packets”, due to intense activity and their dynamic state of growth with cells multiplying and organ systems developing, i.e. the number of alveoli increases as they grow. Due to this nature they are considered as the most susceptible and sensitive group of the whole population. In India, children spend a crucial time of the day (about five to six hours) in school buildings, which are usually naturally ventilated. The work highlights children’s exposure due to high levels of PM concentration and metal contamination in school buildings of developing countries like India, where conditions are not so good, leading to increased health symptoms. Thus their health is at greater risk than children without such conditions.
Venture capital (VC) is defined as a professionally managed pool of risk capital invested by venture capital investors (Angel investors) in private companies at various stages of their portfolio companies. Entrepreneurs who create innovations and modern technologies naturally need the venture capitalists to harvest their capital in such a risky, but also fruitful ground. In developing countries, such as India or Iran, there is room for improvement to promote venture capital investment and entrepreneurial investment. What is "Venture Capital Investment" (VCI), and what is its correlation with “Return on Investment” (ROI)? In this book, we attempted to answer these questions via reviewing the condition of venture markets especially in China and India, and also reporting a field study among two category of Indian venture-based and not venture-based firms.
Small Scale Industry today constitutes a very important segment of the Indian Economy. The development of this sector came about primarily due to the vision of Late Prime Minister Jawaharlal Nehru who sought to the development of core industry and to have a supporting sector in the form of small sector and vibrant sector of the economy. Small Scale Industry today constitutes a very important segment of the Indian Economy. The development of this sector came about primarily due to the vision of late Prime Minister Jawaharlal Nehru who sought to develop core industry and to have a supporting sector in the form of Small Sector enterprises. Small Scale Sector has emerged as a dynamic and vibrant sector holds the key to economic prosperity in an economy characterized by abundant labour supply, unemployment and underemployment, capital scarcity, growing modern large industrial sector giving scope for ancillarisation and so on. Small Scale Sector has grown phenomenally during the past five decades besides playing a vital role in the fulfilling of our socio-economic objectives.
In an attempt to restore banking stability and safety during the 1980''s, bank regulators typically introduced explicit minimum capital regulation to increase capital ratios and moderate risk-taking. The effects of bank regulation on the capital and risk levels of banks are not always as intended; in some cases, promoting moral hazard behaviour and further increasing the probability of insolvency. Some of these effects were at the roots of the Global Financial Crisis. This book aims to explore in greater detail the relationship between capital and risk, the reasons for this relationship and why this relationship in emerging market banks may differ from that of banks in developed markets. A comprehensive analysis of corporate financial theory relating to capital and risk are carried out and form the theoretical basis of this study.
The Foreign Direct Investment (FDI) has become a main source of foreign capital flow and leading source of external financing for developing economies. Since 1991, due to liberalization of policies towards foreign investment, there was a positive response from capital exporting countries and at the same time India also witnessed an increasing trend of FDI inflows. It is also observed that the liberalization of FDI policies offers opportunities as well as threats for firms, but the importance of FDI extends beyond the financial capital that flows into the firms. The Indian Pharmaceutical Sector is also an interesting and relevant context for several reasons. It is one of the most vibrant knowledge driven industries in India with consistent growth over the past three decades. FDI in pharmaceutical sector in India is also an interesting area for research due to many reasons. Taking into consideration the important of FDI and the significance attached, the present study is carried out to analyse the trends of FDI inflows in India in the Post-Liberalization period with special reference to Indian Pharmaceutical Sector.
This theoretical study presents the different phasesfor the evolution of Basel Accords since 1988, andthe continual efforts of Basel Committee on bankingsupervision to set out an effective framework toimprove the banking sector governance andperformance. In literature, compliance with Baselrequirements concerning minimum capital requirements,powerful supervision and effective market disciplinethrough information transparency and disclosure hasattracted many researchers to study its impact onbank performance and cost of capital. In spite of therisk-based capital adequacy, regulatory andsupervisory requirements set by Basel Accords, thefinancial crisis 2007, which causes instability andturmoil in the whole banking sector, was inducedmainly by weak risk management measures, such asstress testing and other risk management tools thatwere unable to forecast the losses and the adverseunexpected outcomes and determine the size of capitalneeded to overcome severe shocks.
Inside the risk management and corporate governance issues behind capital structure decisions Practical ways of determining capital structures have always been mysterious and riddled with risks and uncertainties. Dynamic paradigm shifts and the multi-dimensional operations of firms further complicate the situation. Financial leaders are under constant pressure to outdo their competitors, but how to do so is not always clear. Capital Structure Decisions offers an introduction to corporate finance, and provides valuable insights into the decision-making processes that face the CEOs and CFOs of organizations in dynamic multi-objective environments. Exploring the various models and techniques used to understand the capital structure of an organization, as well as the products and means available for financing these structures, the book covers how to develop a goal programming model to enable organization leaders to make better capital structure decisions. Incorporating international case studies to explain various financial models and to illustrate ways that capital structure choices determine their success, Capital Structure Decisions looks at existing models and the development of a new goal-programming model for capital structures that is capable of handling multiple objectives, with an emphasis throughout on mitigating risk. Helps financial leaders understand corporate finance and the decision-making processes involved in understanding and developing capital structure Includes case studies from around the world that explain key financial models Emphasizes ways to minimize risk when it comes to working with capital structures There are a number of criteria that financial leaders need to consider before making any major capital investment decision. Capital Structure Decisions analyzes the various risk management and corporate governance issues to be considered by any diligent CEO/CFO before approving a project.