Journal of Business Management and Economics

Williams Abayaawien Atuilik

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It is expected that an effective PFM system should ensure efficient allocation of scarce resources, ensuring that scarce resources are deployed to their optimal use; leading to effective delivery of public goods and services to the citizenry at optimal prices; and consequently contribute towards the achievement of a sustainable fiscal position. This shouldbring about economic development and poverty reduction. The evidence suggest that Ghana’s PFM system has so far not delivered good economic governance. The reports of the Auditor General of the Republic of Ghana repeatedly highlight: noncompliance with the PFM legal framework, and findings of corrupt practices against a number of public officers and institutions. Lessons can be drawn from the petroleum revenue management framework to improve the PFM governance framework.Such lessons include: having extensive and meaningful consultations with relevant stakeholders in developing the PFM legal framework to ensure that it captures the key features of a functional PFM system, having clear fiscal responsibility rules that guide spending, savings and investment decisions, administering a strong and robust accountability framework that holds spending officers to account in a fair and just manner, and having a mechanism to compel mandatory reporting in accordance with established reporting standards.

N. Dharmalingam, K. Balanaga Gurunathan

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Mutual funds are an integral part of the stock market. It has become the investment avenue for large number of investors in the past 10 years. Also the stock market volatility is high in these years. Thus in order to analyze the performance of top funds under importance schemes, a research has been done. Ten mutual funds in the income fund category were selected based on their returns. The main focus of this research is to find the risk and return features and study the performance of the funds and to compare it with the market return. The research is limited NAV data for ten income funds available for (2005-2015). The findings will be useful to bring out insight into investment avenues.

Tran Thi Kieu Trang, Tran Kieu Nga

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The multiple linear regression analysis result showed that there were three factors, which included of factors following commitment and perceived service quality (CP), satisfaction and competence development (SC) and trust and training quality (TT) affecting the student loyalty at Tay Do University with significance level 5 %. In addition, the research result processed from SPSS 20.0 software. There were 250 students who interviewed and answered nearly 18 questions. Moreover, the student responses measured through an adapted questionnaire on a 5-point Likert scale. Hard copy and interview students by questionnaire distributed among students of TDU. At the same time, the result was also a scientific evidence and important for researchers, and policy makers who apply them for improving the student loyalty in the future.