Dakito Alemu - Academia.edu (original) (raw)
Papers by Dakito Alemu
International journal of sustainable real estate and construction economics, 2022
Investors expect return on investment which is in the form of capital gains and/or dividend. The ... more Investors expect return on investment which is in the form of capital gains and/or dividend. The objective of the study was to ascertain what accounts for dividend payout in the Ethiopian banking industry taking profit after tax, shareholders fund and liquidity as determinants of dividend payout. Both primary and secondary data collected were analyzed using descriptive and multiple regressions model, and generalized moment method (GMM) of estimation. The result showed that profitability and lagged value of last year dividend had a significant positive effect on the level of current dividend payout of the banking sector in Ethiopia at 1% and 10% respectively. Contrary to this, the impact of Liquidity on the level of dividend payout of the banking industry had a negative effect at 1% significance level as it can be expected in the banking sector because their total operations are based on liquid cash so even in case of high liquidity banks prefer to maintain a substantial amount of li...
Global Disclosure of Economics and Business, 2017
Capital budgeting is the process that requires planning for setting up budgets on projects expect... more Capital budgeting is the process that requires planning for setting up budgets on projects expected to have long-term implications, which is used as a standard for decision making for any organization. This study attempts to explore the capital budgeting practices in FIs and to ascertain if they had guidelines for capital budgeting techniques. The finding shows that, even if the firms in the sector have made significant investment on long-term assets only 42.9% of the firms were properly practiced the modern approaches of investment evaluation methods. Moreover, the most commonly used long-term investment evaluation techniques were PBP, NPV and IRR respectively. On the other hand, except one firm, which conducts partial analysis about the feasibility, almost all other firms in the sector did not make detail evaluation about the feasibility of investment while opening new branches which similar to study conducted by Eyob Dagne (2010). Similarly, the study also found negli...
International Journal of Financial Management, 2021
The objective of the study was to assess the compliance of external auditors with the code of con... more The objective of the study was to assess the compliance of external auditors with the code of conduct while discharging their responsibilities, and its effect on the existence of CSR within client organisations in the case of Ethiopia. The study adopted a mixed research approach; cluster sampling was used to categorise the respondents based on their role within the organisation, and probability sampling was used to select the respondents. The findings show that client's demand for unqualified opinion, pressure from clients to get auditor's report as soon as possible, strong personal or financial relationship, and manager's refusal to provide necessary information are some of the constraints that affect external auditor's compliance with the code of ethics while they perform their activities. Similarly, manager's doubt that auditor's report might affect their future, manager's fear of losing their job, and management's intention to hide their mistakes are the reasons for management not to provide the necessary information to external auditors. External auditors and management of client organisations should comply with the principles of CSR at a maximum level when they perform their business activities; external auditors should understand that their compliance with the code of conduct is basic to protect the public from corrupt organisations. There should be a strong professional association or authority that controls external auditor's competence and the compliance of their work with the code of conduct, and management should present all the necessary information.
International Journal of Project Management and Productivity Assessment
Emergency Project Management is a kind of project management that often attracts the most attenti... more Emergency Project Management is a kind of project management that often attracts the most attention and resources and its management needs application of knowledge, skills, tools, and techniques to project activities to meet the immediate project output and goal. Proper project management practice is critical for the success of Emergency Project. Thus, the main objective of this study was to assess the extent to which Project Management Knowledge area were applied and identify the challenges in Emergency Project management. The study used descriptive research design and data were obtained through questionnaire. The finding revealed Scoping & Scheduling tools and techniques were not utilized properly. Moreover, Procurement management needs improvement. Some of the knowledge areas were managed informal & traditionally. The study recommended that workable policy documents to lead the procurement and overall Emergency Project management are vital.
Ethiopia’s fastest growing urban centers are challenged by highly growing level of demand for hou... more Ethiopia’s fastest growing urban centers are challenged by highly growing level of demand for housing. The essential question is how can the country provide housing units in an efficient and affordable fashion to accommodate growing demand from businesses and individuals for diverse uses? Thus, the target of this study was to access housing demand and therefore the viability of establishing real-estate business in Ethiopia. Data were collected by review of related literature and documents like proclamations, regulations, directives and government housing plan and procedures. The finding indicates that, even as there are no proper information on new houses constructed or new residential construction permissions issued every year, World-Bank 2019 file propose that call for brand spanking new city housing a characteristic of recent city family formation and the need to improve the present housing stock in a way exceeds the contemporary delivery of housing. Accordingly, an estimated 1.2...
International Journal of Project Management and Productivity Assessment
In Ethiopia, infrastructure, particularly road construction, has been the most essential driver o... more In Ethiopia, infrastructure, particularly road construction, has been the most essential driver of economic growth. Simultaneously, it is widely acknowledged and analyzed that the domestic road construction industry is inefficient, threatening its role as a driver of the country's economic growth. Thus, the objective of the study was to make comparative analysis of domestic and foreign contractors’ performance in Ethiopian road construction in terms of cost, time, and quality. To meet the objective of the study a document review, semi-structured interview, and focused group discussion were used as a data collection tool. Based on analysis, the finding shows that the domestic contractors are far from being competitive in terms of cost overrun, time overrun and quality performance but it is promising progress over time. This necessitates the participation of both the construction industry and the government in improving the sector's competitiveness, Local road construction fir...
This paper discussed some recent critical literature on value-added tax (VAT) in Ethiopia relatin... more This paper discussed some recent critical literature on value-added tax (VAT) in Ethiopia relating to its contributions for economic development and its impact on the Social Spending in Ethiopia. The study employed the tools of quantitative empirical analysis technique to evaluate the contribution of VAT for the development of Ethiopia economy. The generic central objective is to examine the contribution of VAT for the development of Ethiopia economy and its impact on social spending, equity. The tools of empirical analysis used are multiple regression models as abstractions of the respective sectors considered in the study and also descriptive statistics. The study considered a vector of economic development indicators as dependent variables and regressed each on VAT revenue proceeds and other income (loan, donation, grant, taxes excluding VAT revenue, and others) of Ethiopia State for the study period (1995-2002 E.C. or 2003/04-2009/10 G.C.). The state economy is disaggregated into five strategic economic sectors in the development process, and multiple regression models specified to enhance isolated analysis of each sector. Development aspects that are considered include infrastructural Analysis of Contribution of VAT to Economic Development & Social spending in Ethiopia ,
Economics, 2015
The data used in this study were collected from financial reports of eight sample banks and Natio... more The data used in this study were collected from financial reports of eight sample banks and National bank of Ethiopia (NBE) for the period of 2000-2013. The objectives of the study were to evaluate the financial performance of banking sector in the Ethiopia and also to see the relation between capital adequacy and bank's performance. In order to address these, both descriptive and econometric analyses were employed so as to assess the financial performance of the sector and the relationship between capital adequacy and bank performance. The descriptive analyses were made using CAMEL approach and central tendency measures. The descriptive data analysis shows that, as compared to other banks NIB's overall performance was good.In addition to the descriptive data analysis, the study also employed regression model, GLS, which is used to see whether capital adequacy which is measured by the amount of shareholders fund affect the bank performance which is measured by Return on asset (ROA). The finding shows that, shareholders' fund is the main factor that determines the performance of banking industry hence, the null hypothesis is rejected. Therefore, there exists positive relationship between capital adequacy and bank performance at 5% significant level, which is in line with theory.
International journal of sustainable real estate and construction economics, 2022
Investors expect return on investment which is in the form of capital gains and/or dividend. The ... more Investors expect return on investment which is in the form of capital gains and/or dividend. The objective of the study was to ascertain what accounts for dividend payout in the Ethiopian banking industry taking profit after tax, shareholders fund and liquidity as determinants of dividend payout. Both primary and secondary data collected were analyzed using descriptive and multiple regressions model, and generalized moment method (GMM) of estimation. The result showed that profitability and lagged value of last year dividend had a significant positive effect on the level of current dividend payout of the banking sector in Ethiopia at 1% and 10% respectively. Contrary to this, the impact of Liquidity on the level of dividend payout of the banking industry had a negative effect at 1% significance level as it can be expected in the banking sector because their total operations are based on liquid cash so even in case of high liquidity banks prefer to maintain a substantial amount of li...
Global Disclosure of Economics and Business, 2017
Capital budgeting is the process that requires planning for setting up budgets on projects expect... more Capital budgeting is the process that requires planning for setting up budgets on projects expected to have long-term implications, which is used as a standard for decision making for any organization. This study attempts to explore the capital budgeting practices in FIs and to ascertain if they had guidelines for capital budgeting techniques. The finding shows that, even if the firms in the sector have made significant investment on long-term assets only 42.9% of the firms were properly practiced the modern approaches of investment evaluation methods. Moreover, the most commonly used long-term investment evaluation techniques were PBP, NPV and IRR respectively. On the other hand, except one firm, which conducts partial analysis about the feasibility, almost all other firms in the sector did not make detail evaluation about the feasibility of investment while opening new branches which similar to study conducted by Eyob Dagne (2010). Similarly, the study also found negli...
International Journal of Financial Management, 2021
The objective of the study was to assess the compliance of external auditors with the code of con... more The objective of the study was to assess the compliance of external auditors with the code of conduct while discharging their responsibilities, and its effect on the existence of CSR within client organisations in the case of Ethiopia. The study adopted a mixed research approach; cluster sampling was used to categorise the respondents based on their role within the organisation, and probability sampling was used to select the respondents. The findings show that client's demand for unqualified opinion, pressure from clients to get auditor's report as soon as possible, strong personal or financial relationship, and manager's refusal to provide necessary information are some of the constraints that affect external auditor's compliance with the code of ethics while they perform their activities. Similarly, manager's doubt that auditor's report might affect their future, manager's fear of losing their job, and management's intention to hide their mistakes are the reasons for management not to provide the necessary information to external auditors. External auditors and management of client organisations should comply with the principles of CSR at a maximum level when they perform their business activities; external auditors should understand that their compliance with the code of conduct is basic to protect the public from corrupt organisations. There should be a strong professional association or authority that controls external auditor's competence and the compliance of their work with the code of conduct, and management should present all the necessary information.
International Journal of Project Management and Productivity Assessment
Emergency Project Management is a kind of project management that often attracts the most attenti... more Emergency Project Management is a kind of project management that often attracts the most attention and resources and its management needs application of knowledge, skills, tools, and techniques to project activities to meet the immediate project output and goal. Proper project management practice is critical for the success of Emergency Project. Thus, the main objective of this study was to assess the extent to which Project Management Knowledge area were applied and identify the challenges in Emergency Project management. The study used descriptive research design and data were obtained through questionnaire. The finding revealed Scoping & Scheduling tools and techniques were not utilized properly. Moreover, Procurement management needs improvement. Some of the knowledge areas were managed informal & traditionally. The study recommended that workable policy documents to lead the procurement and overall Emergency Project management are vital.
Ethiopia’s fastest growing urban centers are challenged by highly growing level of demand for hou... more Ethiopia’s fastest growing urban centers are challenged by highly growing level of demand for housing. The essential question is how can the country provide housing units in an efficient and affordable fashion to accommodate growing demand from businesses and individuals for diverse uses? Thus, the target of this study was to access housing demand and therefore the viability of establishing real-estate business in Ethiopia. Data were collected by review of related literature and documents like proclamations, regulations, directives and government housing plan and procedures. The finding indicates that, even as there are no proper information on new houses constructed or new residential construction permissions issued every year, World-Bank 2019 file propose that call for brand spanking new city housing a characteristic of recent city family formation and the need to improve the present housing stock in a way exceeds the contemporary delivery of housing. Accordingly, an estimated 1.2...
International Journal of Project Management and Productivity Assessment
In Ethiopia, infrastructure, particularly road construction, has been the most essential driver o... more In Ethiopia, infrastructure, particularly road construction, has been the most essential driver of economic growth. Simultaneously, it is widely acknowledged and analyzed that the domestic road construction industry is inefficient, threatening its role as a driver of the country's economic growth. Thus, the objective of the study was to make comparative analysis of domestic and foreign contractors’ performance in Ethiopian road construction in terms of cost, time, and quality. To meet the objective of the study a document review, semi-structured interview, and focused group discussion were used as a data collection tool. Based on analysis, the finding shows that the domestic contractors are far from being competitive in terms of cost overrun, time overrun and quality performance but it is promising progress over time. This necessitates the participation of both the construction industry and the government in improving the sector's competitiveness, Local road construction fir...
This paper discussed some recent critical literature on value-added tax (VAT) in Ethiopia relatin... more This paper discussed some recent critical literature on value-added tax (VAT) in Ethiopia relating to its contributions for economic development and its impact on the Social Spending in Ethiopia. The study employed the tools of quantitative empirical analysis technique to evaluate the contribution of VAT for the development of Ethiopia economy. The generic central objective is to examine the contribution of VAT for the development of Ethiopia economy and its impact on social spending, equity. The tools of empirical analysis used are multiple regression models as abstractions of the respective sectors considered in the study and also descriptive statistics. The study considered a vector of economic development indicators as dependent variables and regressed each on VAT revenue proceeds and other income (loan, donation, grant, taxes excluding VAT revenue, and others) of Ethiopia State for the study period (1995-2002 E.C. or 2003/04-2009/10 G.C.). The state economy is disaggregated into five strategic economic sectors in the development process, and multiple regression models specified to enhance isolated analysis of each sector. Development aspects that are considered include infrastructural Analysis of Contribution of VAT to Economic Development & Social spending in Ethiopia ,
Economics, 2015
The data used in this study were collected from financial reports of eight sample banks and Natio... more The data used in this study were collected from financial reports of eight sample banks and National bank of Ethiopia (NBE) for the period of 2000-2013. The objectives of the study were to evaluate the financial performance of banking sector in the Ethiopia and also to see the relation between capital adequacy and bank's performance. In order to address these, both descriptive and econometric analyses were employed so as to assess the financial performance of the sector and the relationship between capital adequacy and bank performance. The descriptive analyses were made using CAMEL approach and central tendency measures. The descriptive data analysis shows that, as compared to other banks NIB's overall performance was good.In addition to the descriptive data analysis, the study also employed regression model, GLS, which is used to see whether capital adequacy which is measured by the amount of shareholders fund affect the bank performance which is measured by Return on asset (ROA). The finding shows that, shareholders' fund is the main factor that determines the performance of banking industry hence, the null hypothesis is rejected. Therefore, there exists positive relationship between capital adequacy and bank performance at 5% significant level, which is in line with theory.