Finance

Health Insurance can be broadly defined as a financial mechanism that exists to provide protection to individual and house holds from expenses incurred as a result of unexpected illness or injury. Under this mechanism, the insurer agrees to compensate or guarantee the insured person against loss by specified contingent event and provide financial coverage for which the insured party pays a premium.

This paper explains the process of measuring and analyzing Bank’s total productivity (BTP) and the productivity changes in bank branches using Slack Based Measure (SBM) of DEA and Malmquist Productivity Index (MPI). in Export Development Bank of Iran (EDBI). For this purpose, we have measured and analyzed the productivity growth in EDBI branches using MPI in the period of 2000-2011. The trend of efficiency scores’ moving averages confirms improvement in BTP over the period of study. Moreover, the results show %1 and %2 on average improvement in the productivity of EDBI branches in period 2000 and 2011, respectively.

This study investigates the factor capital which leads towards the dearth of entrepreneurship. Micro and macro enterprises play an important role in the economy of any country, but in Kotli Azad Jammu & Kashmir these enterprises are rare. This research was conducted through a self adminstered questionnaire. The sample size for this study was 100 and these organizations were facing the problems of entrepreneurial dearth. Data collected through questionnaire were statistically analyzed, correlation was used to test the research hypotheses. This study provides valuable insights that, one of the main reason of dearth of entrepreneurship is lack of capital. Many entrepreneurs faced lot of problem in accessing the finance through financial institutions. The significance of this research study lies in the fact that it fills an important gap in the literature, offering a deeper understanding of how the access to capital affects the entrepreneurship in Kotli AJ&K. Future researchers can conduct similar studies on other sectors in Kotli AJ&K and findings of this research study can be incorporated in entrepreneurship policies and guidelines.

In the light of globalization and internationalization of world markets, foreign exchange risk has become one of the most difficult and persistent problems with which financial executives must cope. This risk cannot be avoided, but can be managed by hedging instruments. The need and approach for managing it depends on the size of exposure and fluctuations in exchange rate. Indian IT sector is known for development of software and it mainly depends on exports. They are required to measure and manage exchange rate risk. The survey study on IT firma attitude towards foreign exchange esposure management is virtually non-existent. Hence, an attempt is made in this paper to fill this gap, by documenting the Indian IT firms attitude towards forex exposure management practice.

Due to major changes taken place in the banking system of Iran, Bank Mellat has faced new challenges: restructuring state sectors into private ones through privatization, an increase in their rivals, the intense competition to obtain more market share, bringing about more expenses and costs as to four bank deposits, etc., has led the bank to tends to increase the commission (the income from services’ commission). In this paper, the researcher has collected the required information through interviews with experts as well as scientific and library studies. In the first section of this study, to determine the potential income from commission on Mellat bank services, strategic planning (SWOT model) and assessment models of internal factors (IFE) as well as external factors (EFE) were employed. Due to the fact that in assessment models of internal (IFE) and external factors (EFE), the bank has obtained a score of 2.25 and 1.75, it can be argued that the bank has not successful in making use o its appropriate capacity in the field of services and non-shared revenues.In the last section of this paper, to enhance the capacity of non-shared services of Mellat bank, various strategies SO, ST, WO and WT are suggested. Among aforementioned strategies, the defensive strategy (WT) is selected as the main strategy of the bank through which 12 major factors are presented by the researcher contributing to the self-defense strategy.

Green Banking means combination of operational improvements, technology and changing client habits in banking business. Adopting green banking is not only useful for environment but also benefits in greater operational efficiency. This paper analyzes the evolution of green banking concepts in India, its necessity and significance. It also highlights the major benefits and challenges of Green Banking. Banks should go green and play a pro-active role in India’s emerging economy. This paper has also presented the status of Indian Banks as far as Green banking adoption is concerned. It also highlights the green banking initiatives been taken by the Indian Banking Industry. It gives a detailed study on the findings that there have not been many initiatives in this regard by banks and financial institutions in India though they play an active role in India’s emerging economy. The objective of this study is to find out what initiative has been taken by the Indian Banking Industry to adopt Green Banking. This article also presents the to find out different ways to overcome such hindrances. Observational method and descriptive research design has been adopted for this research and secondary data has been chosen for the research.

This research explains the steps and the benefits of implementing Activity Based Costing (ABC) in Iranian Gas Company. Using ABC, cost of one cub meter of consuming gas in all regions of capital was determined and compared with the results of the Traditional Costing Systems (TCS). Implementing ABC strongly changed company managers’ prospective toward company cost of services, provided more effective system for company internal decision-making, improved the effectiveness of the costing system and cost management and helped the managers to correct company pricing of services and accomplishment of the strategic goals by giving correct cost information.

This paper explains the process of measuring and analyzing Bank Total Productivity (BTP) and the productivity changes in bank braches using Data Envelopment Analysis (DEA), Slack Based Measure (SBM) and Malmquiest Productivity Index (MPI) in Export Development Bank of Iran (EDBI). For this purpose, we have measured and analyzed the productivity growth in EDBI branches using MPI in the period of 1994-2005. The trend of efficiency scores’ moving averages confirms improvement in BTP over the period of study. Moreover, the results show %1 and %2 on average improvement in the productivity of EDBI branches in period 2004 and 2005, respectively.

The main purpose of this paper is to overview the goal and objectives of corporate governance from the theoretical perspective within the financial sector of Pakistan. This sector has experienced some high profile corporate scandals in all over the world, for example BCCI, Baring Bank, and Equitable life. The corporate governance structure set the rules and regulations for the distribution of rights and responsibilities among different stakeholders to avoid fraud. In this conceptual paper first the broad parameters of corporate governance are discussed, from a theoretical perspective, and specific characteristics are derived from theoretical knowledge that is applicable to financial services sector of Pakistan. Different issues are examined and the extent to which they have been addressed by contemporary academic or policy-related studies is considered. The main focus of this paper is banks. The key issue arising is the rapid changes brought about by globalization, deregulation and technological advances are increasing the risks in banking systems. External regulators, SECP, and auditors should play significant role to minimize these risk and should encourage sound governance practices. One avenue of future research would be to assess the effectiveness of compliance in the Pakistan; given that financial companies have obligations concerning code provisions. Some key issues pertaining to corporate governance in financial services are addressed, highlighting their significance to encourage further research by academic and practitioners in the field.

International Trade relations of each nation can be effective on their economic growth. These relations can lead to using the production factors on economy sectors that have more advantages and leads to improvement in efficiency of production factors and Gross Domestic Product (GDP) of each nation. In recent years many studies have been done by using different econometric modules and methods in order to answer the question that is export growth will lead to the economic growth? In this study the effect of the export value (Oil & Gas) on the national production growth (Economic Growth) had been examined through 1961 to 2011 by Johansen Test that the result shows a strong positive correlation between the value of Oil & Gas Export and Iran Economic Growth. In fact if the value of Iran Oil & Gas Export increases in 1 unit, the Economic Growth will increase 2/301 units.