Indexing

Abstract: This paper is a bibliometric review of 541 articles, from 1989 to 2022, on the concept of enterprise risk management (ERM). We employed a bibliometric citation and content analyses in analyzing the data using the biblioshiny application. We identified four research streams: (1) the determinants (firm characteristics) of enterprise risk management adoption and implementation, (2) enterprise risk management and firm performance, (3) the value of enterprise risk management, and (4) enterprise risk management in practice. Also, we identified “sustainability risk management” as the emerging future theme on the concept of ERM, and this should be the focus of future studies and development. We recommend that more future research on ERM be focused on the contingency perspective, and that a general theoretical contingency framework be developed to guide future contingency studies on ERM. We propose 10 future research questions.

Keywords: Enterprise Risk Management; Bibliometrics analysis; Content analysis; Citation analysis; Review.

Title: Enterprise Risk Management (ERM): A bibliometric review and future agenda

Author: Junior Oti-Frimpong, Samuel Gyedu

International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)

ISSN 2349-7807

Vol. 10, Issue 1, January 2023 - March 2023

Page No: 122-140

Paper Publications 

Website: www.paperpublications.org

Published Date: 30-March-2023

Abstract: This study aims to analyze the relationship between the stock market development and economic growth in Kenya This study uses a systematic review and analysis of relevant empirical reviews from previous studies. The study analyses data from five previous studies done in Kenya between the period 2017 -2021.

The findings of the systematic review show that while an expanding stock market can cause economic growth to be impacted positively, this relationship is not straightforward and is affected by a variety of factors, including political stability, government policies, financial infrastructure, and the availability of credit and foreign investment. The study also identifies several challenges that have hindered stock market development in Kenya, including a shortage of liquidity, limited participation by domestic investors, weak corporate governance, and inadequate regulatory oversight. Based on these findings, the study provides evidence-based recommendations for policymakers to promote stock market development in Kenya and enhance its contribution to economic growth. These recommendations include improving the regulatory framework, enhancing transparency and disclosure requirements, increasing investor education and awareness, and strengthening corporate governance practices. The study concludes that stock market development has a significant positive effect on economic development in Kenya.

Keywords:  Stock market development, Economic growth, stock market.

Title: IMPACT OF STOCK MARKET DEVELOPMENT ON ECONOMIC GROWTH IN KENYA: A SYSTEMATIC REVIEW

Author: Charles Katua Kithandi, Christine Moragwa, Antony Mutunga

International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)

ISSN 2349-7807

Vol. 10, Issue 1, January 2023 - March 2023

Page No: 116-121

Paper Publications 

Website: www.paperpublications.org

Published Date: 30-March-2023

Abstract: The purpose of the study was to investigate the influence of corporate governance characteristics on the financial performance of Rural and Community Banks in the northern sector of Ghana. The study was quantitative in nature employing the explanatory research design in fulfilling its objectives. Descriptive statistics and panel data regression were applied to data gathered from sixteen rural and community banks over the years ranging from 2007 to 2019.  It was found that board composition has a positive but insignificant influence on the return on asset and return on equity of rural and community banks in the northern part of Ghana. Board Committee has a positive and significant influence on the return on asset and return on equity of rural and community banks in the northern part of Ghana. CEO duality negatively and significantly influences ROA and ROE. In connection with the findings, we encourage rural and community banks to constantly evaluate their board composition and committees to determine what to put in place to strengthen them, while putting in place measures to separate CEO and chairmanship positions. The study will enlighten policymakers and management of rural and community banks in the northern sector of Ghana on how effective their board composition, board committee, and CEO duality have been while controlling for bank size and age.

Keywords: corporate governance, financial performance, community and rural banks.

Title: RURAL AND COMMUNITY BANKS’ FINANCIAL PERFORMANCE UNDER THE INFLUENCE OF CORPORATE GOVERNANCE SYSTEM IN THE NORTHERN PART OF GHANA

Author: Eric Nombare, Samuel Aidoo

International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)

ISSN 2349-7807

Vol. 10, Issue 1, January 2023 - March 2023

Page No: 98-115

Paper Publications 

Website: www.paperpublications.org

Published Date: 24-March-2023

Abstract: his paper discusses the impact of corruption on foreign direct investment (FDI) in Malaysia. Corruption is an abuse of power to obtain personal benefits while foreign direct investment (FDI) refers to a growing investment relationship between nation, people and economic activities. In this regard, this study examines the relationship between corruption and FDI in Malaysia. Since this study need the latest information, this study uses quantitative secondary data. The data were obtained from 1995 to 2016.  This study covers time series data, then the statistical test such as Unit Root Test, Vector Autoregression Estimates (VAR) Test, ARDL Method Test, Breusch-Godfrey Test, White Test Heteroskedasticity and the Ramsey Reset Test are used. The results of the study shows that when foreign direct investment in a country increases, the level of corruption in the country will increases as well. The corruption can be reduced by certain actions and strict laws.

Keywords: Corruption, Foreign Direct Investment, Malaysia.

Title: IMPACT OF CORRUPTION ON FOREIGN DIRECT INVESTMENTS (FDI) IN MALAYSIA

Author: KAVITHA CHANDRAN

International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)

ISSN 2349-7807

Vol. 10, Issue 1, January 2023 - March 2023

Page No: 89-97

Paper Publications 

Website: www.paperpublications.org

Published Date: 14-March-2023

Abstract: This study discusses the influence of institutional quality, macroeconomics, and foreign direct investment on the corruption index in 5 selected ASEAN countries. Corruption can be linked to activities of abuse of power aimed at gaining personal gain. Meanwhile, macroeconomic determinants are related to the investment relationship between countries, people and growing economic activities. This study aims to identify the level of corruption on the quality of institutions, macroeconomics and foreign direct investment in ASEAN countries, examine the impact of corruption on the quality of institutions, macroeconomics and foreign direct investment in ASEAN countries and examine proposals to curb rampant corruption in the quality of institutions, macroeconomics and foreign direct investment in ASEAN countries. This study involved the collection of secondary data of a quantitative and qualitative nature. Quantitative data of the study variables were from 2001 to 2017 for five selected ASEAN Countries. These data were analyzed using panel data, pooled regression, fixed effect model, random effect model, redundant variables test and Hausman test. Meanwhile, a systematic review test was implemented to analyze the qualitative secondary data. The results show that an increase in the level of macroeconomic determinants also increases the level of corruption index in a particular country. The findings of the study show that the FDI, OPE and CG positively influence the CPI of selected ASEAN countries. However, the GDP variable was found to have a negative influence on the CPI of selected ASEAN countries. The corruption index values showed that Indonesia recorded the highest value while Singapore recorded the lowest value compared to other ASEAN countries. Corruption can be reduced through specific actions and strict laws such as stepping up enforcement of laws and penalties, restricting the entry of foreign labor and reducing import taxes and quotas on goods and services.

Keywords: Corruption, Macroeconomics, ASEAN countries.

Title: THE QUALITY OF INSTITUTIONS, MACROECONOMICS, FOREIGN DIRECT INVESTMENT AND ITS INFLUENCE ON CORRUPTION IN 5 SELECTED ASEAN COUNTRIES

Author: KAVITHA CHANDRAN

International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)

ISSN 2349-7807

Vol. 10, Issue 1, January 2023 - March 2023

Page No: 76-88

Paper Publications 

Website: www.paperpublications.org

Published Date: 14-March-2023

Abstract: The study aims to measure the level of quality of financial reports according to a set of characteristics related to the quality of profits. The study includes a sample of (13) Iraqi companies. These companies belong to an important group of different sectors represented by (banks, industry, insurance, agriculture, and tourism). The study dealt with the concept of measuring the quality of financial reports and the determinants and methods of measurement, according to a scientific theoretical framework based on a group of Arab and foreign scientific research. The study reached a set of conclusions, the most important of which is that the quality of financial reports is low in Iraqi companies. The reason is due to the high optional accruals, and that the continuity of profits is the most influential among the agents of the Iraqi companies. The quality of the financial reports. Enhance credibility and reliability.

Keywords: quality of reports, banks listed, measurement, quality measurement.

Title: Measuring the quality of financial reports of banks listed on the Iraq Stock Exchange

Author: Raghad Muneer Farhan, Ahmad Najah Hadi Jaber, Raad Abidmuslim Hraiga

International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)

ISSN 2349-7807

Vol. 10, Issue 1, January 2023 - March 2023

Page No: 46-57

Paper Publications 

Website: www.paperpublications.org

Published Date: 01-March-2023

Abstract: Capital structure attributes are fundamental to the operations of a firm. This study sought to examine the effect of capital structure on the financial performance of commercial banks listed at the Nairobi Securities Exchange for the period 2015 to 2019.  A general objective of this study was to determine the effect of capital structure on the financial performance of commercial banks listed at the Nairobi securities exchange. The study was guided by three theories; Agency theory on which the study is founded, Trade-off theory, and Pecking order theory as supporting theories. The study adopted a correlational design on all the 12 listed commercial banks at the NSE. The study used secondary data from audited financial statements. The quantitative data was analyzed through pooled multiple regression. Findings indicate that there is a negative statistically significant effect of Debt financing on financial performance of listed commercial banks in Kenya with a positive statistically significant effect of Retained earnings on financial performance of listed commercial banks in Kenya.  In addition, there is a positive statistically significant effect of Equity financing on financial performance of listed commercial banks in Kenya. Similarly, there is a positive statistically significant mediating effect of capital adequacy on the relationship between capital structure and financial performance of listed commercial banks in Kenya. The study contributes to academic literature by exploring the role of debt capital in corporate governance in an emerging economy such as Kenya. In conclusion, the reveals the correlation of capital structure and performance of listed commercial banks. The growth of Saccos is phenomenal and capturing their capital structure attributes and financial performance would be a worthy research in future studies.

Keywords: Agency theory, Capital structure, Debt Financing, Equity Financing, Financial Performance, Pecking Order.

Title: THE EFFECT OF CAPITAL STRUCTURE ON FINANCIAL PERFORMANCE OF COMMERCIAL BANKS LISTED AT THE NAIROBI SECURITIES EXCHANGE

Author: Okumu Benson Otieno, Dr. Simeyo Otieno, Dr. Edwins Baraza

International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)

ISSN 2349-7807

Vol. 10, Issue 1, January 2023 - March 2023

Page No: 38-45

Paper Publications 

Website: www.paperpublications.org

Published Date: 13-February-2023

Amendment Date: 30-October-2023

Abstract: This paper focuses on land which is a crucial determinants of production and social progress. It has a significant influence on government policies relating to demographic patterns, spatial economy, transport network and commuting preferences. This study employed GIS and remote sensed data to detect land use change and how this change affects the economy of Ikeja local government of Lagos state. The study used three Landsat satellite imageries, which are Thematic Mapper for 1984, Enhanced Thematic Mapper for 2000, and Operational Land Imager for 2016 and 2021. This study revealed that between 1984 and 2000, there was 5.6% increase in the urbanization, while forest cover and wetland/scrubland reduced by 5.1% and 0.6% respectively, implying that urbanization due to 65.5% population increase have been the major factor responsible for reduction of green space within the period. A continuous trend was witnessed between 2000 and 2016 3.2% land developed, 2.5%, forest cover while 0.8% decrease in wetland/scrubland. The study further discovered between 2016 and 2021 that the earth terrestrial of the spatial resolution scene of Ikeja depicted urban settlement increment by 18.5% whilst retrospectively forest vegetation and wetland patterned the reduction trend with 14.9% and 3.5% decline respectively, spurred 17.1% increase in population, reflecting envisaged continued development increase in the study area at the parcel out of vegetation.  This study shows that land use change will continue to affect the economy of Lagos if not properly monitored.

Keywords: GIS data, Land use change, Lagos state, Landsat, Urbanization.

Title: ECONOMIC IMPLICATIONS OF LAND USE CHANGE IN LAGOS STATE USING GIS-BASED DATA

Author: Muideen Adejare ISIAKA, Oluwafunbi Dorcas FABIYI, Oluyemi Theophilus ADEOSUN, Lukuman Olalekan LAMIDI

International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)

ISSN 2349-7807

Vol. 10, Issue 1, January 2023 - March 2023

Page No: 29-37

Paper Publications 

Website: www.paperpublications.org

Published Date: 27-January-2023

Abstract: The study sought to investigate interest rates effects on Kenyan economic growth. Specifically, the study assessed lending interest rates and central bank rates effects on economic growth. The study reviewed rate of interest classical theory, loanable funds theory, Keynes Liquidity Preference Theory, theory of pricing and the Solow Growth Model. Research Design embraced in the study was longitudinal. This study was anchored on Solow’s Growth model. Data on central bank rates, lending interest rates and economic growth were obtained from financial reports publicized by the central bank. Secondary data collected was for a period ranging from 2001 to 2020 and recorded in a data collection sheet designed in excel. Appropriateness of data was assessed through diagnostic tests which included multicollinearity, heteroscedasticity and autocorrelation in regard to regression analysis assumptions. Descriptive statistics such as central tendency measures, inferential statistics, correlation and regression analysis were involved in the data analysis. The results revealed that commercial banks’ lending interest rates during study period was higher than the rates by central bank. The results showed that lending rate of interest depicted positive but statistically insignificant correspondence with GDP while central bank rates depicted positive and significant correspondence with GDP. The combined model results however showed that the model is significant hence interest rates significantly affect economic growth. Following study’s findings, a conclusion drawn was that effects of interest rates on growth in the economy was significant. The study concludes that commercial banks’ lending interest rates depicts positive but have insignificant effects on growth in the economy. In addition, the study concludes that central banks rates have a positive and affects growth in the economy significantly.

Keywords: Interest Rates, Economic Growth, Lending Interest Rates and Central Bank Rates.

Title: EFFECT OF INTEREST RATES ON ECONOMIC GROWTH IN KENYA

Author: Wilson Mwangi Macharia, Samuel Muthoga

International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)

ISSN 2349-7807

Vol. 10, Issue 1, January 2023 - March 2023

Page No: 22-28

Paper Publications 

Website: www.paperpublications.org

Published Date: 13-January-2023

Abstract: The aim of ‘Digital India’ with the motto of “Power to Empower,” initiated in 2015, kicked off well, despite questions about the competencies & capabilities of India becoming Atam Nirbhar Bharat (Self-Reliant India) by 2020.

Digitalization is the New Pandemic in India. The Digitalization drive has started transforming the sectors like Education, Transport, Marketing, Communication, Health, Governance, Human Resources, Finance, Banking, and many more to the list.

The central idea behind dynamically propelling ‘Digitalization’ is to explore all possible ways of innovation in effectively integrating the overall Supply Chain Delivery System. The “New Education Policy-2020” is a promising step for bringing changes in the Indian educational landscape toward future preparedness and readiness of the country to become a Global Leader in the ‘Digital Economy’ without sacrificing the principles of Atam Nirbhar Bharat.

In recent times out of all the transformations, the Entrepreneurial Sector stands remarkable in re-building India’s Economy after the Global Covid – 19 Pandemic (2020-2021) setback. There is no doubt about the “Digital India Movement” contribution to boosting employability and Entrepreneurship.  

Today is the era of Digital Entrepreneurs. Digital India represents a $1 Trillion opportunity to grow the economy with the ability to sustain 55-60 million jobs. This digital transformation campaign is making the country digitally empowered in the area of business, commerce & management, engineering & technology, online infrastructure, enhancing internet connectivity, and many more. Will the digital empowerment of citizens create a knowledge-based society and Digital Economy in India?

Keywords: Digital India, Transformation, Empowerment, Entrepreneurship, Technology.

Title: “Digital Economy by Entrepreneurship”: A perspective analysis on Information Technology and Digital India-In the backdrop of an initiative towards transformation and empowerment. (Under the scheme of Azadi Ka Amrit Mahotsav)

Author: Prof. (Dr.) Shree Raman Dubey

International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)

ISSN 2349-7807

Vol. 10, Issue 1, January 2023 - March 2023

Page No: 13-21

Paper Publications 

Website: www.paperpublications.org

Published Date: 12-January-2023

Abstract: The recent experiences of uncivil behaviours among members of organisations is calling for more indepth examination to despite the obvious effect of these uncivil behaviours to both individual and organisational outcomes the acts still remain a constant occurrence in the workplace. This study therefore examined the effects of workplace incivility on employees’ psychological status among staff of Lagos State Ministry of Home Affairs. The objective was to investigate the nature of relationship between vertical workplace incivility and employee’s psychological status. The independent variable are vertical workplace incivility and horizontal workplace incivility while employee’s psychological status anxiety and depression are dependent variables,. The research design utilized was the survey research design. The population of the study comprises of 164 employees working in the Ministry of Home Affairs. One hundred and fifteen respondents were selected as sample size, using the Krejcan and Morgan (1970) formula. Pearson Product correlation was used to test the two null hypotheses at 0.05 level of significance computed within SPSS software. The study found that there is a positive and significant relationship between vertical workplace incivility and anxiety of employees. Also, there is significant relationship between horizontal workplace incivility and depression of employees as confirmed with the statistical results where the r=0.758, P=0.00<0.05 and r=0.969, P=0.00<0.05. The findings of this study support the need to appraise organizational incivility, especially among high-status employees, as perceived across all hierarchical levels considering the significant relationships between structure and workplace incivility and psychological health. The study concluded that workplace incivility is significantly associated with the measures of employee’s psychological health and therefore recommend that organizations should attempt to foster a work environment where rude and discourteous behaviour is unacceptable. Managers should adopt informative training programmers for newly employed staff to set up a partnership between employees and employer that addresses individual desires. Managers should reexamine their hiring and selection procedures, selection criteria should include checking personality characteristics that could add buffering effect in dealing with a stressor at workplace. Management of organizations should deal with the causative factors of workplace incivility by way of strengthening ethical procedures, policies, effective communication plan, information infrastructures, good governance, direction and response so as to reduce workplace incivility to the barest minimum.

Keywords: Anxiety, Depression, Employees, Horizontal incivility, Psychological Status, Vertical incivility, Workplace incivility.

Title: WORKPLACE INCIVILITY AND EMPLOYEES’ PSYCHOLOGICAL STATUS AMONG STAFF OF LAGOS STATE MINISTRY HOME AFFAIRS

Author: OKUDERO, Gbolabo Omoniyi, GENTY, Ishola Kabiru, BANKOLE, Akanji Rafiu

International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)

ISSN 2349-7807

Vol. 10, Issue 1, January 2023 - March 2023

Page No: 1-12

Paper Publications 

Website: www.paperpublications.org

Published Date: 09-January-2023