International Journal of Finance and Accounting 2013, 2(7): 365-372 DOI: 10.5923/j.ijfa.20130207.04 Role of Pension Funds in Financial Intermediation Ondabu Ibrahim Tirimba Finance and Economics Department, PhD Candidate Jomo Kenyatta University of Agriculture and Technology, Nairobi, Kenya Abstract This paper aimed at discussing the various roles that pensions play in financial intermediat ion. Descriptive research design was adopted with the population being all the available literature on the
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Introduction The Everest simulation provided several situations where multiple management theories, discussed in the lectures, were applicable. Being divided into teams to complete the task helped align this simulation’s findings with a real life business setting. Contrasting roles and goals of each individual team member further enhanced the similarity to an everyday business. To conquer Everest, whether it is in reality or as part of this ‘simulation’, requires significant amounts of planning
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Intrinsic Goal Promotion Cisco Collage: Lifespan and Development: PSYC: 2314 Adolescent Ethnic Prejudice: Understanding the Effects of Parental Extrinsic Versus Intrinsic Goal Promotion The research within this article seek to research the theory of self –determination, the direction of the parental extrinsic in compression of intrinsic. In doing so, the research looked at the goal of promotion with adolescent’s ethnic prejudice as and the mechanism under-lying of the effect that were being
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Behavioural Finance Topic 10 What it is: * Relatively new and controversial area in the study of finance. * Orthodox finance theory is based on a representative agent that is a rational utility ‘maximiser’ who makes unbiased forecasts about the future. * BF expands the attributes allowed for this representative, replacing the ‘rational’ agent with a ‘normal’ person who is susceptible to a range of cognitive illusions. How and why it began: * The idea that psychological factors
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IS CORPORATE GOVERNANCE 2 3.0 CORPORATE GOVERNANCE THEORIES…………………….……………..........3 3.1 Fundamental corporate governance theories……………………..……………….3 3.1.1. Agency Theory………………………………………………………………3 3.1.2. Stewardship Theory…………………………………………………………4 3.1.3. Stakeholder Theory………………………………………………………….4 3.1.4. Transaction Cost Theory…………………………………………………….4 3.1.5. Political Theory……………………………………………………….……..5 4.0 NEED FOR CORPORATE
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Heston E Cummings, Daman Sandhu, Jamiel Najmeddine Principle or rules based accounting Heston E Cummings, Daman Sandhu, Jamiel Najmeddine Principle or rules based accounting Table of Contents INTRODUCTION 3 Principle Based Accounting 4 Rule Based Accounting 6 CONCLUSION 7 REFERENCES …………………………………………………………………………………………… 8 Abstract There have been lots of discussions about principle and rule based accounting approaches, mostly people view U.S GAAP as rule based and IFRS as principle
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resources and assets that defy conventional accounting measures, but which still determine the value and the competitiveness of an enterprise. IC is commonly divided into the areas of Human Capital, Structural Capital, Relationship/Relational Capital, and the Business Model. In our modern Information and Knowledge Economy, intangibles have progressively become the driving factors around which business revolves. Conventional bricks-and-mortar accounting is no longer sufficient to explain how Google
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exclusive use of p. duong, 2015. Harvard Business School 9-193-103 Rev. November 3, 1998 Statements of Cash Flows: Three Examples John Stacey, a sales engineer for Aldhus Corporation, was worried. A flight delay had caused him to miss last week’s accounting class in the evening MBA program in which he had enrolled at the suggestion of the personnel director at Aldhus, a growing manufacturer of computer peripherals. The class he had missed had been devoted to a lecture and discussion of the statement
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might be in the form of high inflation, volatility in capital markets, recession, bankruptcy, etc. So, in order to minimize and control the exposure of investment to such risks, fund managers and investors practice risk management. Not giving due importance to risk management while making investment decisions might wreak havoc on investment in times of financial turmoil in an economy. Different levels of risk come attached with different categories of asset classes. For example, a fixed deposit
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Nowadays the issue of business ethics is very important point in the discourse of business development. According to the latest statistics, the most part of the modern business enterprises are engaged in the sphere of services. Due to the importance of business ethics, especially in the sphere of services,cases concerning about the companies that did not follow the ethical principles are especially discussed by public. It is suggested by the specialist and observers of the market that the company
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