Journal of Research in Business, Economics and Management 2020-06-28T04:14:33+00:00 Managing Editor Open Journal Systems Journal of Research in Business Economics and Management Forecasting Stock Market Realized Volatility using decomposition 2020-04-20T14:17:14+00:00 RIM AMMAR LAMOUCHI <p>Empirical studies concerned with realized volatility reveal the presence of heterogeneous behavior within the stock market. The sum of this heterogeneous behavior takes a persistent form, which may be modeled and forecasted according to different time horizons by the class of HAR models. In this paper, we investigate the HAR-RV and HAR-RV-CJ models for high-frequency data based on five realized volatility indices. The aim here is to demonstrate that the predictability of realized volatility can be improved by decomposing realized variance into its continuous and jump components. What is more, the results show that this decomposition of the realized variance into its components does indeed enhance the modeling and forecasting of the indices’&nbsp;realized volatility.&nbsp;</p> 2020-04-18T10:03:01+00:00 ##submission.copyrightStatement## Nepotism Practices in the United States and Saudi Arabia: A literature Review 2020-04-20T14:17:14+00:00 Wala Almostadi <p>Nepotism is a cultural concept that has permeated all societies in history. However, some cultures are more tolerant toward nepotism because care of the family is considered a moral obligation. For example, the United States and Saudi Arabia possess different cultural viewpoints about nepotism. While in the United States, organizations and policy makers are still trying to make sense of how to manage nepotism, in Saudi Arabia it is a common practice part of the culture and lifestyle. However, dealing with the eradication of nepotism in the United States continues to be a challenge because of the existence of considerable number of family businesses; in these, nepotism is often seen as an important factor for the survival of the business. In the meantime, both the United States and Saudi Arabia continue to demonstrate nepotistic practices. This paper has the purpose of presenting causes and consequences of nepotism, theoretical background and definition of the term, and a brief story of modern nepotism, from the medieval times to the twentieth century in Europe and the United States. This paper also presents a comparison of nepotistic practices in the United States and Saudi Arabia and critical views against and in favor of nepotism as social practice.</p> 2020-04-18T10:03:30+00:00 ##submission.copyrightStatement## A Poverty and Income Inequality in Indonesia 2020-04-20T14:17:14+00:00 Hartono Azas L Meiran Panggabean <p>This study aims to describe and evaluate government policies and strategies in overcoming the problem of poverty. The research method used in this study is the research approach used is descriptive qualitative. The results of this study indicate that many poverty alleviation programs carried out by the government have not yet brought significant change. The strategies that have been taken to overcome poverty not only prioritize economic aspects but pay attention to other dimensions to increase capacity and encourage productivity. The strategy chosen was to improve the basic ability of the poor to increase income, involving the poor in the whole process of poverty reduction; empowerment strategy. To support the success of this strategy, it should be done thoroughly, integratedly, across sectors, and adapted to the conditions of Indonesian social diversity.</p> 2020-04-18T10:20:04+00:00 ##submission.copyrightStatement## Dividend Policy and Taxation—A Review 2020-06-17T04:48:06+00:00 Pradip Kumar Das <p>Indeed, corporate dividend policy and taxation is a subject of intense research. Mostly, statutory amendments in the&nbsp; dividend tax practice fabricate the dividend payout policy of corporate sector. At times, corporate composing substantial promoters’ securities are identified to keep a major objective to curtail their&nbsp; dividend payout. The study aims at analyzing the interaction between dividend policy and taxation. This paper provides a brief contribution of the diverse thoughts on the clientele effect for analyzing the impact of taxation on corporate dividend policy and finds that the temporal pattern of corporate dividend payout and dynamic dividend behavior have significant impact on taxation in variety of modalities. The findings have significant implication for companies, investors and the Government.</p> <p><strong>Keywords:</strong> Dividend; taxation; clientele effect; Corporate dividend policy; shareholders.</p> 2020-06-17T04:48:06+00:00 ##submission.copyrightStatement## Generation of IGF and its Effects on Financial Performance of Universities: Evidence from Kumasi Technical University in Ghana 2020-06-28T04:14:33+00:00 Martin Kwesi Eduafo Jochebed Ryan <p>The study assessed the generation of Internally Generated Fund( IGF) and its effects on financial performance of Universities, with evidence from Kumasi Technical University in Ghana. The objectives of the research work were to identify the sources of IGF; whether Kumasi Technical University has new strategies in the generation of IGF; and whether IGF of Kumasi Technical University was able to meet its expenditure.&nbsp; The research design was descriptive. Sixty- three out of seventy questionnaires administered were retrieved. Secondary data were extracted from relevant reports/articles, journals, and other documents. Convenience and purposive sampling were used to select respondents. Findings were that the largest contributor to IGF was fees; and actual IGF fell short of actual expenditure. The conclusions were that fees were the major source of funds to Public Tertiary Institutions; Government support was mainly in the form of wages and salaries and capital projects through Ghana Education Trust Fund (GETfund); and wages and salaries were the highest expenditure though directly paid by government. Staff motivation, assigning competent staff to revenue avenues, seeking approval from the Minister of Finance to do investments were some recommendations made on IGF and its effects on financial performance. Others were that the Government of Ghana (GoG) should continue to pay wages and salaries; the Institution should adhere to the tenets of public procurement; sponsor staff locally; and these will help cut down waste and reduce costs.</p> <p><strong>Keywords</strong>: Generation; IGF; Financial Performance; Universities; Kumasi Technical University</p> 2020-06-28T04:10:04+00:00 ##submission.copyrightStatement##