The Millennium University Journal

The Millennium University Journal

Basic info

  • Publisher:
  • Country of publisher: bangladesh
  • Date added to EuroPub: 2020/Dec/18

Subject and more

  • LCC Subject Category: Business Administration, Arts and Literature, Multidisciplinary Sciences, Econometrics
  • Publisher's keywords:
  • Language of fulltext:
  • Time from submission to publication: weeks

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  • Article Processing Charges (APCs): No
  • Submission charges: No
  • Waiver policy for charges? No

Open access & licensing

  • Type of License:
  • License terms
  • Open Access Statement: No
  • Year open access content began: 2016
  • Does the author retain unrestricted copyright? False
  • Does the author retain publishing rights? False

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This journal has '6' articles

Disclosure of Property, Plant and Equipment as per BAS #16: A Study on Selected Pharmaceutical Companies in Bangladesh

Disclosure of Property, Plant and Equipment as per BAS #16: A Study on Selected Pharmaceutical Companies in Bangladesh

Authors: Dr. Md Shakawat Hossain Assistant Professor Department of Accounting & Information System Faculty of Business Studies Jagannath University, Dhaka,...
Year: 2019, Volume: 4, Number: 1
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Abstract

Disclosure practices of pharmaceutical companies in Bangladesh as per BAS-16 are not well structured at all although Companies Act, 1994, Bangladesh Securities Exchange commission Rules 1987 are followed strictly. The major reasons for non- compliance is that the application of BAS-16 is not made mandatory up till now. Details of measurement basis, depreciation methods used, useful life of assets, gross carrying amount, nature of impairment of assets etc. are not disclosed at all. This affects the decision making of the stakeholders. There is ample scope for developing the fair disclosure of Property, Plant and Equipment in consistence with the requirements of BAS-16.

Keywords: Disclosure, Property, Plant and Equipment, BAS #16, Pharmaceutical Companies, Bangladesh.
An Analysis of Socio-Economic Condition of Female Readymade Garments’ (RMG) Workers in Dhaka City

An Analysis of Socio-Economic Condition of Female Readymade Garments’ (RMG) Workers in Dhaka City

Authors: Sheikh Abdul Kader Assistant Professor Department of Economics, Faculty of Social Sciences Jagannath University, Dhaka, Bangladesh & PhD Scho...
Year: 2019, Volume: 4, Number: 1
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Abstract

The RMG sector of Bangladesh is playing a vital role to generate massive employment, particularly a significant portion of female workers are engaged in this sector. Therefore, this industry is treated as a leading contributor to generating female employment in Bangladesh. Before analyzing the living condition of the RMG female workers, we should have to know about the income of the RMG female workers. Study shows that 42% of female RMG workers are satisfied, and 16% of the workers are dissatisfied, and 31% of the workers do express their opinion regarding their earning. In most case, female workers is the only one earning members in the family Satisfaction level of the workers is a subjective judgment. The housing condition of female workers in Dhaka city is not well at all. In our survey observed that the maximum number of the garments workers stay in the rural and overcrowded area in Dhaka city like workers who live in Hazaribag, Kamrangirchor, who works in the factory located at Panthapath. The workers of RMG sectors are involved in the direct physical effort every day. According to the Bangladesh Labor Act of 2006, the maximum working hours of garment workers is 8 hours. But they have to work over 8 hours per day. But most of the female workers have to work over 8 hours. This has a look at indicates that that female garment workers in Dhaka city are doing work on an average of 10.5 hours in the garment factory, but they receive an average salary less than Tk. 6500 per month. Already the government fixed the minimum wages for their better standard of living. But it is not sufficient for the garment works to live in Dhaka city. The government should take steps to improve the wage structure and living conditions as well as socio-economic situations of garments workers.

Keywords: Female RMGs Worker, Dhaka Metropolitan, Personal Interviews, Average Salary, Family Expenses, High Living Cost, Minimum Wages, Wage Structure.
Managers’ Emotional Intelligence Skills and Organisational Performance in Selected Telecommunication Companies in Lagos State, Nigeria

Managers’ Emotional Intelligence Skills and Organisational Performance in Selected Telecommunication Companies in Lagos State, Nigeria

Authors: Francis Chukwudike Anyim PhD Department of Employment Relations and Human Resource Management University of Lagos, Akoka, Yaba, Lagos, Nigeria E-ma...
Year: 2019, Volume: 4, Number: 1
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Abstract

This study examines emotional intelligence skills and organisational performance in the Nigerian telecommunication sector. To achieve the objective of the study, survey research design was used for data collection. The study relied heavily on quantitative method by using a structured questionnaire which was administered on the employees of three selected telecommunication companies, MTN Nigeria, Airtel and Globacom at their Head offices respectively. The study adopted stratified sampling technique to administer Five hundred and thirty-three (533) questionnaires with three hundred and forty-two (342) (i.e. 64 percent) valid responses. The Cronbach’s Alpha reliability test of all the variables indicated 0.87. Data gathered were analyzed through descriptive and inferential statistics. The findings revealed that Managers’ emotional intelligence skills have no significant effect on organisational performance. The implication of this finding is that most managers in private sector tends to be interested in regulations, monitoring and evaluating subordinate’s performance without caring for their feelings and emotions. Therefore, it is recommended that the telecommunication companies should expose their managers to trainings that focus on the acquisition of emotional intelligence skills all in a bid to achieve their corporate objectives.

Keywords: Emotional Intelligence Skills, Organisational Performance, Telecommunication Companies.
The Impact of Environmental and Social Disclosures on the Financial Performance of Oil and Gas Companies in Nigeria

The Impact of Environmental and Social Disclosures on the Financial Performance of Oil and Gas Companies in Nigeria

Authors: Ismail Alhassan School of Business Education Federal College of Education (Technical), Gombe, Gombe State, Nigeria E-mail: [email protected]
Year: 2019, Volume: 4, Number: 1
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Abstract

This paper critically examines the effect of environmental and social disclosures on the financial performance of oil and gas companies in Nigeria. The study is crucial as it describes the level of environmental and social disclosures impact on companies' performance. This study uses environmental and social disclosures as independent variables while Returns on Assets (ROA) as a proxy for financial performance. The study formulates two hypotheses to guide the study and uses a panel regression model in testing the statistical parameter estimates. Ex Post Facto design was adopted and data were collected from the NSE Factbook and published financial statements of the oil and gas companies listed in the NSE with data ranging from 2010-2019. The findings of the study show that corporate environmental and social disclosures have a significant impact on companies' performance at a 5% significant level. Because of this, the study concludes that environmental and social disclosures have improved companies' performance over the years. The study also recommends that companies should have an optimistic outlook regarding environmental and social friendly services and also disclose more of such information in their financial statements as over the years the degree of disclosures of these information has exercised considerable impact on companies' financial performance.

Keywords: Environmental Disclosure, Social Disclosure, Financial Performance, Returns on Assets.
Audit Committee and Earnings Management in Quoted Manufacturing Firms in Nigeria

Audit Committee and Earnings Management in Quoted Manufacturing Firms in Nigeria

Authors: Ismail Alhassan, Ibrahim Aliyu Gololo, K. M. Anwarul Islam
Year: 2019, Volume: 4, Number: 1
(1 downloads)
Abstract

This study evaluates the audit committee impact on earnings management of listed manufacturing companies in Nigeria. The study uses secondary data which were extracted from ten (10) sampled manufacturing firms listed in the Nigerian Stock Exchange (NSE) for the period 2010-2019. The study used Random Effects Model (REM) for the analysis of data. The results showed that financial expertise of audit committee has significant negative impact on earnings management while audit committee tenure has an insignificant negative impact on earnings management. Furthermore, share ownership of audit committee has significant negative impact on earnings management. The study therefore, concludes that both the audit committee expertise and share ownership of audit committee enhance the financial reporting quality of manufacturing firms in Nigeria. Based on the impact of members of audit committee with financial expertise, the study recommends among others that, the board should ensure appointing the sufficient audit committee members that are experts on financial matters. Similarly, the study also recommends the enclosure of more members with substantial shareholdings in the audit committee. This can enhance their willingness to protect their investment and helps in proper monitoring and supervision, thereby reducing earnings management.

Keywords: Audit Committee, Earnings Management, Financial Expertise, Manufacturing Firms, Share Ownership.
Impact of Rural Development Scheme of Islami Bank Bangladesh Limited (IBBL) Upon Economic Development of the Rural Poor of Bangladesh

Impact of Rural Development Scheme of Islami Bank Bangladesh Limited (IBBL) Upon Economic Development of the Rural Poor of Bangladesh

Authors: Md Shahnur Azad Chowdhury, A.B.M. Yasir Arafat , Serajul Islam, Sultana Akter, K. M. Anwarul Islam
Year: 2020, Volume: 5, Number: 1
(1 downloads)
Abstract

Bangladesh, the smallest but populous country in the South Asia region with 160 million people, More than 60% of its citizens live in the villages, and 50% of the total population depends on agriculture. Rural people also control more than 30% of the entire economy. Most of the village people are highly interested in cultivation and other production where needs physical effort, but they were suffering from the fund crisis that hinders the production of crops and the cultivation of fisheries and livestock. Due to the financial crisis, they involved their children in cultivating and farming instead of sending them to school. According to the necessity of financing to planting different aspects, they are collect petty cash as a short term loan from neighborhood moneylenders and other various NGOs at a high rate of interest. This orientation carries unlimited agonies to the country based business visionaries. The Trending Microfinance Institutions (MFIs) provides small loans among low salaries in Bangladesh with the end goal of lightening neediness and enabling poor people. Commercial business banks in Bangladesh are likewise connected to offer smaller-scale money related administrations. Islami Bank Bangladesh Limited, a private Islamic oriented bank, offered the Rural Development Scheme (RDS). This imaginative Islamic microfinance system answers the interest of the country Muslim poor in Bangladesh, who were forgotten about from ordinary smaller scale financing because of religious convictions. The RDS's key empowering agents are social condition, a helpful strategy condition, institutional and authoritative limit, and a devoted administration with the vision to scale up the RDS program in Bangladesh. In contrast to customary NGOs and microfinance organizations (MFI), Islamic MFIs lend advance cash in kind; the product's responsibility carefully lies with the store to the supplier until the client has wholly reimbursed the agent. The reason for this paper is to analyze the capability of Islamic Microfinance as an elective apparatus for destitution lightening. This RDS microfinance's analysis examined both economic and social effects and invested at a general end that this program remarkably affects the chosen financial parts of the customers. Data have been collected through questionnaires from the needy rural beneficiaries from selected three areas in Chittagong district named Boalkhali, Banskhali, and Baroyiarhat. The choice of selected these three areas is located in the surround of the section from three sides. So the outcome of this questionnaire gave an approximate picture of the district. Collected data have been analyzed using different statistical tools to get the results and suggest policy implications, if any.

Keywords: Microcredit, Islamic Microfinance, RDS, Interest.

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