Total Revenue Income Research Articles

Induced Breeding of Freshwater Fishes and Cost Benefit Analysis of a Selected Fish Hatchery in Jashore, Bangladesh

An investigation was carried out to know the induced breeding techniques of some firewater fish species such as rui (Labeo rohita), catla (Catla catla), silver carp (Hypophthalmichthys molitrix), grass carp (Ctenopharyngodon idella), common carp (Cyprinus carpio), bighead carp (Hypophthalmichthys nobilis), sharpunti (Puntius sarana) and bata (Labeo bata) at Ma Fatima Fish Hatchery in Chanchra, Jashore, Bangladesh. The cost-benefit analysis was also performed on this hatchery for three months from May to July, 2016. The brood fishes purchased from different local sources were used for spawning. The hatchery mainly practiced induced breeding by maintaining proper age and weight of brood stock during spawning. The ranges of fertilization and hatching rates of the experimental fishes were 80.04±1.44 % to 94.35±0.54% and 75.34±3.49% to 88.68±2.76%, respectively. Total spawn production was 960, 862 and 734 kg, and the total revenue income from spawn sell was BDT 2,883,500, 2,355,100 and 1,844,800 (BDT 85 = 1 US$) in May, June and July, respectively. Estimated capital cost was BDT 87,90,000, while the operating costs were BDT 1,810,650; 1,555,105 and 1,267,680 in May, June and July, respectively. The calculated cost-benefit ratios in May, June and July were 1.59, 1.51 and 1.46, respectively. The hatchery got the highest net profit of BDT (Bangladeshi Taka) 1,041,906 in May due to the highest production and higher price of spawn, and the lowest profit of BDT 546,176 was obtained in July. So, May was found to be the peak breeding month of Ma Fatima Hatchery. The estimated cost-benefit ratio indicated that the spawn production through induced breeding techniques was profitable for the hatchery owners.

Promoter Ownership, Related Party Transactions and Firm Performance: A Study Among Selected Companies in India

Related party transactions (RPTs) either bring efficiency in transaction or result in conflict of interest between majority and minority shareholders. RPTs realize efficiency in transactions by reducing the transaction cost and facilitating smooth transfer of goods and services between parties. Conflict of interest may arise if the majority shareholders use RPTs as a tool for expropriating the wealth of minority shareholders. When RPTs are in line with efficiency enhancing theory, they help to improve firm performance; and when they are the results of opportunistic behaviour of the majority shareholders, they negatively affect the performance of firm. Since most companies in India engage in various kinds of business dealings with their related parties, it is relevant to analyse RPTs in India. The study based on 2002 firms listed in BSE for the period of 2011–2017 shows that RPTs positively affect firm performance. Considering various types of RPTs, total revenue income from related parties and revenue expenses by them positively affect firm performance. Also, the results underline that promoters’ holding does not have any interaction effects on the association between RPTs and firm performance.