Title: |
Globalization in Entrepreneurship |
Authors: |
Nazish Saleem |
Source: |
International Journal of Latest Engineering Research and Applications, pp 01 - 07, Vol 08 - No. 07, 2023 |
Abstract: |
The world has become a global village due to technology and innovation, offering new opportunities and driving social change. An entrepreneur is a person who buys and sells commodities, starts new ventures, and bears risk whereas entrepreneurial growth drives industrial progress and helps the economy of the nation. Entrepreneurs are essential for economic growth, job creation, inspiring others, balanced regional development, enhancing the number of enterprises, supplying diversity in firms, and achieving economic independence. Businesses evolve to support economic well-being. Entrepreneurial growth has been seen in different nations such as Africa and has remarkable progress in this area. However, Nigeria, despite its potential, confronts many challenges in fostering entrepreneurship. Nevertheless, the presence of Microfinance institutions in Nigeria has contributed significantly to the development of entrepreneurial ventures. On the other hand, Emirati women entrepreneurs face a lack of support, hindering their potential for success. further, small, and medium-sized businesses hold great significance in Indonesia, contributing to its economic fabric. Conversely, Russia lags in terms of creating an enabling environment for entrepreneurs to thrive. In India, the promotion of skill development programs has played a pivotal role in supporting entrepreneurship. However, it is essential for India's start-up industry to broaden its focus beyond just technology. Lastly, Ukraine's decentralization process presents promising opportunities for aspiring entrepreneurs to seize. |
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Title: |
Credit Risk Management and Growth Rate |
Authors: |
Dr. Olamide Emmanuel Ayodele || Prof. Samuel Olufemi Adeusi || Dr. Temiloluwa Ajibade || Dr. Suliaman Luqman Adedamola |
Source: |
International Journal of Latest Engineering Research and Applications, pp 08 - 16, Vol 08 - No. 07, 2023 |
Abstract: |
Credit risk management in the banking industry does not mean to eliminate credit risk entirely but it enables banks to bring the risk to acceptable parameters or take a balancing step between risk levels and profits so that extreme level of such risk does not hamper operational performance. The menace of poor credit risk management had continued to impede banking operations in Nigeria over the years, resulting in liquidation, merger and acquisition of players, as well as reform exigencies. The objective of this study therefore is to analyse the impact of credit risk management on growth rate of deposit money banks in Nigeria. This study adopted the expost facto research design. the study made use of secondary data sourced from the annual report of banks selected for the study covering a period of 14 years, spanning from 2005 to 2018. This study analysed the relationship among credit risk management and growth rate of fifteen (15) selected deposit money banks in Nigeria, with focus on the post-consolidation period covering 14 years spanning from 2005 to 2018. Inferential statistics was used to analyse the data. Findings revealed that when cross sectional effect is incorporated into the model, all the explanatory variables except firm’s size exert negative impact on growth rate. In specific term, coefficient estimate stood at -.5497109 (p > 0.05) for non-performing loan, -.9964811 (p <0.05) for non-performing loan to total loan ratio, -1.988666 (p> 0.05) for non-performing loan to shareholders fund ratio, -.7472075 (p <0.05) for loan loss provision and 27.86565 (p > 0.05) for firms size, while for the period specific estimation, the result stood at .0162032 (p > 0.05) for non-performing loan, -.086418 (p <0.05) for non-performing loan to total loan ratio, .4682801 (p> 0.05) for non-performing loan to shareholders’ fund ratio, -.6192235 (p <0.05) for loan loss provision and 36.34827 (p < 0.05) for firm’s sizeconcluded that effective credit risk management is necessary if operational performance of deposit money banks must be sustained, because inability to manage the credit risk framework of banks will be evident in terms of rising non-performing loan; rising ratio of non-performing loan to total loan, shareholder’s funds and loan loss provision which on the average will engender reduced level of performance q` of the banks. The study recommended that Deposit money banks in the country should prioritise the need to devise a well- structured credit risk management design that is based on optimal operating framework so as to maintain a desired level of organizational growth. |
Keywords: |
Bank, Growth, Loan, Risk Management, Performa |
DOI: |
10.56581/IJLERA.8.7.08-16 |
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Title: |
Bilinear Optimal Control for Stochastic Wave Equations |
Authors: |
Ramdas B. Sonawane || D. N. Kandekar |
Source: |
International Journal of Latest Engineering Research and Applications, pp 17 - 22, Vol 08 - No. 07, 2023 |
Abstract: |
In this paper, we consider the bilinear optimal control problem for wave equation with multiplicative control and random noise. Optimal control problems for infinite dimensional stochastic equations had been studied by many researchers. Most of the researchers had considered the Hamilton-Jacobi-Bellman(HJB) approach and obtained the optimal feedback laws using associated HJB equation on a Hilbert space. In present work, we do not use HJB approach. Also, Riccati equation framework is not suitable for this problem due to nonlinear nature introduced by multiplicative controls. We first prove the the existence of weak solution of wave equation equation with random noise. Then, we prove the existence of optimal control and give the characterization in the form of optimality system. |
Keywords: |
Optimal control; Stochastic wave equation; Random noise; Bilinear control; Brownian motion. |
DOI: |
10.56581/IJLERA.8.7.17-22 |
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Title: |
Exploring the Nexus of Landmark Architecture and Urban Development: A Case Study of the National Taichung Theater |
Authors: |
Chun-Shan Wu., Yao-Min Fang., Bing-Jean Lee. |
Source: |
International Journal of Latest Engineering Research and Applications, pp 23 - 28, Vol 08 - No. 07, 2023 |
Abstract: |
Every City Around The World Showcases Its Iconic Landmark Building, Enhancing The Allure Of Its Urban Landscape. However, In Taiwan, The Absence Of A Distinct Architectural Identity Or Symbolic Representation Poses Challenges For Foreigners In Grasping The Essence Of The Nation. This Study Focuses On The National Taichung Theater As A Pivotal Case To Investigate How Landmark Buildings Influence Urban Development. The construction of the National Taichung Theater encountered multiple challenges. Inspired by the remarkable design of the Guggenheim Museum in Taichung, the architectural industry experienced a surge of creativity, inspiring and influencing architects. The theater itself has garnered global attention as a manifestation of these inspirations. Designed by Japanese architect Toyo Ito, it embodies the Spectacle of the Sound Cave concept. The process involved addressing construction method difficulties, incorporating advanced techniques and innovative technologies. The building's irregular and asymmetrical shape, constructed with reinforced concrete, added to its complexity. The magnificent National Taichung Theater adorns Taichung's 7th land consolidation zone, captivating citizens with its ever-changing appearance and infusing the city with a rich cultural ambiance. This newly established landmark has become a source of pride for Taiwanese citizens, and its anticipated positive and extensive impact on the city's development is undeniable. |
Keywords: |
landmark building, city development, National Taichung Theater. |
DOI: |
10.56581/IJLERA.8.7.23-28 |
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Title: |
Communication and Territorial Attractiveness for the Development of Tourism Entrepreneurship: The Case of the Southern Provinces |
Authors: |
Fatima Ezzahra Bousselham, El Mostafa Ftouh |
Source: |
International Journal of Latest Engineering Research and Applications, pp 29 - 41, Vol 08 - No. 07, 2023 |
Abstract: |
The fierce competition between regions has led to the emergence of a new problem for businesses: how to choose the right location to invest in and how to assess the profitability of their project? Each region is now seeking to gain a comparative advantage by creating a range of offers to retain companies already established in the region and attract new investors. The choice of business location is based on an assessment of potential host territories, with sites offering location advantages more likely to be chosen. Territorial attractiveness thus becomes a tool for stimulating the growth and success of a territory through its ability to anchor and attract businesses. Our article, which is part of a research project funded by the CNRST and the Ministry of Higher Education and Innovation and entitled "Territorial and Public Communication: A Lever for Promoting Tourism and Entrepreneurship for the Sustainable Development of the Southern Provinces in the Context of Advanced Regionalization: Towards a National Territorial Communication Model", aims to frame the concept of "territorial attractiveness" and to specify the factors that influence the choice of location for businesses. The practical part of our study will focus on an in-depth exploration of the attractiveness of southern regions. For this analysis, we will implement an approach based on interview guides, helping us to collect essential data for carrying out a SWOT assessment. Our aim is to diagnose the potential of these specific regions and the means they have at their disposal to attract entrepreneurs in the tourism sector. |
Keywords: |
Communication, Entrepreneurship, Morocco, Regional Attractiveness, Tourism |
DOI: |
10.56581/IJLERA.8.7.29-41 |
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