Publish in OALib Journal

ISSN: 2333-9721

APC: Only $99


Any time

2019 ( 6 )

2018 ( 11 )

2017 ( 17 )

2016 ( 13 )

Custom range...

Search Results: 1 - 10 of 906 matches for " Clement Mwaanga "
All listed articles are free for downloading (OA Articles)
Page 1 /906
Display every page Item
The Impact of Commodity Prices, Interest Rate and Exchange Rate on Stock Market Performance: Evidence from Zambia  [PDF]
Nsama Musawa, Clement Mwaanga
Journal of Financial Risk Management (JFRM) , 2017, DOI: 10.4236/jfrm.2017.63022
Abstract: In 2016, the performance of Capital markets in Africa experienced a downward trend. Notable among them were Zambia, Ghana and Nigeria (http://www.african-markets.com/). The Lusaka Securities Exchange (LuSE) share price index was the worst performer year-to-date, down 26.83% in local currency. Among the contributing factors cited were commodity prices as the country relies on copper for more than 70% of its export revenue and had therefore suffered from commodity prices plunged which led to weakened currencies and widened budget shortfalls (http://www.african-markets.com/). Although the contributing factors are known, their impact on the Zambian stock market is not known. This study was an attempt to establish the impact of commodity prices and macroeconomic factors on the stock market returns. Like in similar studies, Nordin et al. (2014) and Alam & Uddin (2009), we used Auto regression Distribution Lag and Cointegration analysis and the Vector Error Correction model on the variables (stock price index, copper price, oil price, interest rates, and exchange rates) for the period 2004-2016. The findings of the study revealed Interest rates, exchange rates, copper and Oil price jointly have the long and short Run impact on the Lusaka Stock Market, but individually, only interest rates and copper prices had a significant long term impact on the stock market, but in the short run only Copper and Exchange rates had an immediate impact on the stock market. One important policy implication of this study is that it will alert the authorities and the investors on the impact of commodity prices, interest rate, and the exchange rate on the Lusaka Securities Exchange stock market performance.
The Impact of Pension Funds’ Investments on the Capital Market—The Case of Lusaka Securities Exchange  [PDF]
Nsama Musawa, Clement Mwaanga
American Journal of Industrial and Business Management (AJIBM) , 2017, DOI: 10.4236/ajibm.2017.710080
Abstract: The Lusaka Securities exchange (LuSE) is one of the developing stock markets in Africa. As of 2015 it had only 22 listed companies with the market capitalization of about 5849 million dollars. There are a number of sectors that contribute to the growth of the stock market in Zambia. This study focused on the insurance sector, the pension funds mobilized contributions from the working population and invested in various assets among them is equity. According to the pension scheme investment guidelines (2011), pension funds are mandated to invest not less than 5% but not more than 70% of their total investment in equity. Hence, one would expect pension funds to have a good effect on the Zambian capital market. However the impact cannot be conclusive without undertaking a study to assess the effect of pension funds and capital market. Therefore, this study was an attempt to investigate the long run effect of pension fund’s investment on the Lusaka securities exchange performance. The study used quarterly data for the period ranging from January 2009 to December 2015, and employed the cointegration and Vector Error Correction; the results prove the existence of long run relationships between the pension funds and the market capitalization. This relationship implies that if pension funds are encouraged to invest more in equity, it will contribute to the growth of capital market, hence developing. Recommendations have been made to policy markers on how they can use the sector to improve the performance of the capital market.
The Long-Run and Short-Run Relationship between the Exchange Rates and Stock Market Prices  [PDF]
Clement Mwaanga, Nsama Njebele
Journal of Financial Risk Management (JFRM) , 2017, DOI: 10.4236/jfrm.2017.64023
Abstract: The aim of this study was to investigate the relationship between the exchange rate and the stock market price in Zambia using the time series monthly data from2004 to 2016. To measure the stock market prices, we used LuSE overall index (LuSE Index) and the exchange rate was measured using the Zambia’s Real Effective Exchange Rate (REER). In order to establish the relationship between the exchange rate and the stock market price, we employed the Vector Autoregression (VAR) based cointegration test methodology and Auto Regression distribution lag (ARDL) bound tests. The Johansson cointegration test results revealed the existence of the cointegration long run. However the Auto Regression distribution lag bound tests show that its impact is statistically insignificant. The Vector Error Correction Model (VECM) revealed that there is no short-run relationship between the exchange rate and stock market prices. The findings of this study have implications for academicians, policy makers and investors.
Ito’s Formula for the Discrete-Time Quantum Walk in Two Dimensions  [PDF]
Clement Ampadu
Journal of Quantum Information Science (JQIS) , 2012, DOI: 10.4236/jqis.2012.22008
Abstract: Following Konno [1], it is natural to ask: What is the Ito’s formula for the discrete time quantum walk on a graph different than Z, the set of integers? In this paper we answer the question for the discrete time quantum walk on Z2, the square lattice.
On Some Questions of C. Ampadu Associated with the Quantum Random Walk  [PDF]
Clement Ampadu
Applied Mathematics (AM) , 2014, DOI: 10.4236/am.2014.519291
Abstract: We review (not exhaustively) the quantum random walk on the line in various settings, and propose some questions that we believe have not been tackled in the literature. In a sense, this article invites the readers (beginner, intermediate, or advanced), to explore the beautiful area of quantum random walks.
Metaphoric Topicality in Femi Osofisan’s Drama  [PDF]
Clement O. Ajidahun
Advances in Literary Study (ALS) , 2013, DOI: 10.4236/als.2013.11001
Abstract: This paper examines the functional and the significant role of metaphors in literary works. It discusses the centrality of metaphors as a dominant literary device consciously deployed by Femi Osofisan to project the theme of oppression, dehumanization, social injustice and poverty in his plays. The paper focuses on the use of animal and predatory metaphors in Osofisan’s plays to launch an offensive literary attack on the rich and the ruling elite in the society who use their privileged positions to brazenly oppress and brutalize the poor and the downtrodden. The paper, on the other hand, examines the appropriate use of animal metaphors to enlighten and educate the poor on their precarious condition as preys in the hands of the carnivorous ruling class. Finally, the paper discusses the settings and the titles of Osofisan’s plays, the quest motif and the traditional modes as metaphors for oppression.
Bible Interpretation, Evangelization and Faith: Nigerian Context  [PDF]
Clement I. Osunwokeh
Open Journal of Philosophy (OJPP) , 2014, DOI: 10.4236/ojpp.2014.42026

In Christianity evangelization entails bringing the Good News of Jesus Christ into all the strata of humanity from within and making it new. Evangelization efforts in Nigeria have been going on for more than a century. Indeed it has made a noticeable inroad of growth. The evidence is seen. Thunderous sounds are heard from all corners of villages and cities, of Christian church activities; series of strategies are explored by multitude of Christian denominations aimed at “packaging and selling out” one’s denomination to attract more adherents; imposing and well architectural-designed structures of Christian places of worship are seen in many cities. Yet in the same society, all forms of atrocities and abominations of man’s inhumanity to man, lack of basic Christian virtues of honesty, justice, and respect for sacredness of human life are witnessed. In the light of the foregoing, this paper seeks both to presume the general shallowness of Christian faith in Nigeria and to blame it to flaw in the understanding of the Bible as a Christian text. It critically analyzes the three Christian concepts: Bible interpretation, evangelization and faith, exposing their interrelatedness and the challenges posed by such reality to an authentic Christian living.

3D Mobile Augmented Reality Interface for Laboratory Experiments  [PDF]
Clement Onime, Olatunde Abiona
Int'l J. of Communications, Network and System Sciences (IJCNS) , 2016, DOI: 10.4236/ijcns.2016.94006
Abstract: In fields such as science and engineering, virtual environment is commonly used to provide replacements for practical hands-on laboratories. Sometimes, these environments take the form of a remote interface to the physical laboratory apparatus and at other times, in the form of a complete software implementation that simulates the laboratory apparatus. In this paper, we report on the use of a semi-immersive 3D mobile Augmented Reality (mAR) interface and limited simulations as a replacement for practical hands-on laboratories in science and engineering. The 3D-mAR based interfaces implementations for three different experiments (from micro-electronics, power and communications engineering) are presented; the discovered limitations are discussed along with the results of an evaluation by science and engineering students from two different institutions and plans for future work.
Household Perceptions, Treatment-Seeking Behaviors and Health Outcomes for Buruli Ulcer Disease in a Peri-Urban District in Ghana  [PDF]
Adobea Yaa Owusu, Clement Adamba
Advances in Applied Sociology (AASoci) , 2012, DOI: 10.4236/aasoci.2012.23024
Abstract: Buruli ulcer (BU) has been associated with very unimaginable outcomes. It is flesh eating, disfiguring and economically dehydrating. Yet the disease is still mostly shrouded in mystery. Consequently, people have different perceptions about it and hence adopt different treatment behaviorss towards it; notwithstanding the free treatment for it. The purpose of this paper is to identify and examine respondents’ perceptions and the influence these have on their health seeking behaviorss. Eighty-six BU patients who had been treated or were being treated of BU in the Ga West District Health Center in Ghana were sampled for this study. A structured questionnaire and a qualitative in-depth interview guide were used to elicit the data. Some of the interviewees held the belief that the disease is caused by their adversaries, including witches. More than half of the respondents, however, did not have any idea about the disease and thought it is just the work of God. The first point of call for health care for most of the patients studied was herbalists or else they used herbs. Nearly a quarter of them also engaged in self medication, including the use of ‘pain killers’ and ointments, since they took the first signs for ordinary boils. Perceptions of the cause of the disease influenced health seeking behaviors, which further influenced treatment outcomes. A lot of education is needed on the symptoms of the disease, including encouraging early seeking of care at the District Health Center.
Differences in Acute Phase Reactants between Gout and Pseudogout  [PDF]
Clement E. Tagoe, Yasmin Raza
International Journal of Clinical Medicine (IJCM) , 2013, DOI: 10.4236/ijcm.2013.412A2003

Objectives: To define clinical differences in the acute phase response and serum acute phase reactants between gout, pseudogout and crystal-induced arthritis in the presence of non-articular infections (CAI). Patients and Methods: Eleven patients with definite gout, 12 patients with pseudogout and 5 patients with CIA were included in the study. Results: The erythrocyte sedimentation rate (ESR) was significantly different between gout (68.2 ± 49.9 mm/Hr) and CIA (113.8 ± 37.2 mm/Hr) but not between gout and pseudogout (83.9 ± 45.6 mm/Hr) or between pseudogout and CIA. The C-reactive protein (CRP) was significantly increased between gout (10.1 ± 7.9 mg/dL) and pseudogout (18.9 ± 9.8 mg/dL), gout and CIA (36.5 ± 12.4 mg/dL) as well as between pseudogout and CIA. The peripheral white cell count was significantly different between gout (9.27 ± 3.7 k/μL) and CIA (16.5 ± 6.8 k/μL), and between pseudogout (8.9 ± 3.2 k/μL) and CIA. Conclusions: Measurement of ESR and CRP are helpful in crystal-induced arthritis. The CRP has more discriminating utility than the ESR in distinguishing between gout, pseudogout and CIA. Peripheral wbc is most useful for differentiating crystal-induced arthritis from CIA.

Page 1 /906
Display every page Item

Copyright © 2008-2017 Open Access Library. All rights reserved.