Asian Business Review

7-11

Authors: Dewan Muktadir-Al-Mukit, A. Z. M. Shafiullah, & Md. Rizvy Ahmed

This study investigates the relationship between inflation and import for the economy of Bangladesh over the sample period of 2000 to 2011. This study used different econometric techniques of measuring the long and shortterm relationship between variables. The Johansen Cointegration test is used to determine the existence of a long term relationships between study variables. The normalized Cointegrating coefficients are found statistically significant and show a stable and positive relationship between study variables. The short run interactions are similar to thelong run relationships. The estimated error correction coefficient indicates that 0.6 percent deviation of the inflation rate from its long run equilibrium level is corrected each period where such correction rate for import is 24 percent. Finally,Granger causality analysis suggests the existence of a unidirectional causality running from Inflation to import. Keywords: Inflation, Import, Cointegration, VECM, Granger Causality JEL Classification Code: E31

19-21

Authors: Romaza Khanum

The study explores the socio-economic conditions of fishermen in Hakaluki haor of Moulvibazar district. The main information was used in this regard to measure the poverty incidence such as family size, annual income, expenditure of food and non-food items, education level, etc. The study also estimates the poverty level by using CBN method. About 42 and 68% haor fishermen were below the lower and upper poverty lines respectively. The study suggests that the Government should take haor basedpolicy to reduce poverty level of fishermen. Key words: Haor Fishermen, Food-basket, Fisheries Resources, CBN Method, Poverty Incidence

29-36

Authors: Md. Mosharref Hossain & Md. Mahabbat Hossain

Non-Bank Financial Institutions (NBFIs) are increasingly being recognized as complementary to the banking system and perform a diversified range of functions through offering various financial services to individual, corporate and institutional clients. Nevertheless, the cost of funds of NBFIs is significantly higher than the banks as banks are the prime sources of funds for them. On the other hand, the availability of funds from banks is becominginadequate day by day due to the involvement of banks with some similar functions of NBFIs. The study intended to identifythe current scenario of the cost of funds of different groups of NBFIs and to find out the causal relationship of the internal factors with the cost of funds of NBFIs. The study finds that NBFIs established before 1990 shows higher equity contribution and total asset sizewhich shows their ability to generate funds at a low costfor the reputation and public confidence. On the other hand, due to thehigh equity contribution, large asset size and high EPSof the group of joint venture NBFIs compared to local NBFIs are able to raise relatively low cost funds. From the multiple regression analysis current study finds that only the variables of age and earning per share are statistically significant at 5% level. The other two factors, equity contribution and interest earning asset conform thetheoretical sign although they are not statistically significant. The other variable, size of business that is measured by total asset, neither conform the expected sign nor is statisticallysignificant. Keywords: NBFIs, COF, Internal Factors, Bangladesh.

44-50

Authors: Syed Nazmul Huda

A stock market plays as a strong role in the industrialization and economic development of the country. Among the developing countries, the contribution of the capital market have lately been recognized. This paper assess the Intensifying of Stock Markets (DSE & CSE) in Bangladesh based on Dhaka Stock Exchange (DSE) & Chittagong Stock Exchange (CSE). Information collected from secondary data during 2000-2011 along with identifying the major dominants factors and some problems or lacks of stock market whish is greatly obstacle to intensifying the stock market in Bangladesh. By using the factor analysis it has been shown that Turn over of capital market largely depends on four indicators i.e. No. of Listed Securities, Initial Public Offering (IPOs), Market Capitalization, Issued Capital in the both stock markets in Bangladesh during the study period. The authors to identify the some problems or lacks of stock market in Bangladesh which has been face the market crash in recent years and doing experiment to find out the dominants factorsto overcome problems as well as develop the stock market during the study period. Keywords: Dhaka Stock Exchange, Chittagong Stock Exchange and Keiser Mayer Olkin

59-63

Authors: Md. Mustafizur Rahman, Md. Ali Ahsan, Md. Motahar Hossain, & Meem Rafiul Hoq

Green banking is the operation of the banking activities giving especial attention upon the social, ecological and environmental factors aiming at the conservation of nature and natural resources. Banks can be green through bringing changes in six main spheres of banking activities. Those are Change in Investment Management, Change in Deposit Management, Change in House Keeping, Change in the Process of Recruitment and Development of Human Capital, Corporate Social Responsibility (CSR), and Making Consciousness Among Clients and General Mass. Such an initiation can ensure a safe residence for upcoming generation.Bangladesh Bank has already issued circulars regarding this. Bankshave already been asked to make their own green banking policy. Now we only need raising voice, keeping hand over hands, thinking in positive way and working in collective manner to makethis a true. Key Words: Green Banking, Green Policy, Green Products.

67-72

Authors: Md. Nur-E-Alam Siddique, Mst. Momena Akhter, Abdullah Al Masum

Although the importance of service quality and service quality measurement have been recognized, there are limited researches that have addressed the structure and antecedents of the concept for the hotel industry in Bangladesh. The clarification of the dimensions of service quality is inevitable for the managers in the hotel industry as these identify the bundles of service attributes consumers find important. Therefore, this study aims to measure the service quality from the customers’ perspective of five star hotels in Bangladesh based on the SERVQUAL model. Three five star hotels (Ruposhi Bangla Hotel, Pan Pacific Sonargaon Hotel, and Radison Water Garden Hotel) out of four were selected for the purpose of the study. The study is based on the primary data collected from the respondents with the help of a self-administered questionnaire to measure the perception of service quality characteristics of the five star hotels. Data analysis has been done using SPSS software and a factor analysis has been conducted to measure the differences among the factors affecting service quality perceptions. To measure the service quality gap, five dimensions related to hotel industry were identified. The analysis shows that the service quality of the five star hotels is highly dependent on the physical appearance, interior decoration, food quality, behavior of the employees, security system, and customized services given to individual customers.