Growth pattern, reforms and operational innovations in Indian banking
October 2013
Banks play very dynamic role in economic development of a country by identifying profitable activities, exerting corporate governance and extending credit to corporate world. Initially, Government of India has nationalized the banks to meet the diversified development needs of the country. But with the initiation of liberalization, privatization and globalization process, the Indians banks have undergone rigorous...
Motives in implementing Green Productivity among EMS 14001 certified companies in Malaysia
October 2013
Going ‘Green’ is fast becoming a trend and necessity in today’s business worldwide. This is simply because, business is indirectly or directly giving a huge negative impact towards our environment by depleting these natural resources in the process of producing goods and services. A way to reverse the negative effect, the concept of ‘Green Productivity’ (GP) was introduced. This research is...
Product market competition, controlling shareholders’ tendency, and cash dividends policy: Empirical analysis based on Chinese listed companies
October 2013
Based on unbalanced panel dates of 4060 companies listed from 2003 - 2007 in Shanghai and Shenzhen Stock Markets, this paper empirically studies the degree of product market competition, the relationship between cash dividends distribution tendency and cash dividends policy. Results show that controlling shareholders have significant motivation to distribute cash dividends, and this kind of incentive is not...
United States of America FDI and trade as complementory or subsittute for Pakistan
October 2013
The aim of study is the empirical investigation that FDI and trade is complemented or substitute for Pakistan. We also analyzed the country characteristics like the lack of capital and comparative advantage and abundance of labor. The effect of FDI on trade has been observed by dividing the FDI in industry and manufacturing sectors. We will use the secondary data for the variables selected of host country Pakistan...
Performance analysis model of productive local arrangements by the relationship between conditions and territorial indicators
October 2013
The main source of competitiveness are the elements of trust and cooperation between companies, obtained through close relations of economic, social, and community nature. Therefore, this type of territorial manifestation is determined not only by the characteristics of the physical environment, but also by cultural, social and historical characteristics present in a geographically defined area. However, there are few...
Predicting corporate distress in the Nigerian stock market: Neural network versus multiple discriminant analysis
October 2013
The objective of the paper is to assess the quality of neural networks in predicting distress as against discriminant analysis and its applications in enhancing managers’ decision. Forty four firms listed on the Nigerian Stock Market between 1987 and 2006 are used for the study. The performance of neural network is then compared with the more familiar discriminant analysis statistical technique, and the...
Determinants of credit rationing to the private sector in Ghana
October 2013
This study is designed to investigate the rationing behavior of some Commercial banks in Ghana, by looking at the effect of chosen variables on the amount of loan realized even in the era of interest rate liberalization. A single equation model involving a categorical random dependent variable, being the amount of loan realized and security value, interest rate, the value of assets, the value of collateral security, net...
Financial management practices and business performance of small and medium enterprises in western Uganda
October 2013
Small and medium Enterprises are seen as a driving force for the promotion of an economy. The purpose of the study was to establish the relationship between financial management practices and business performance of SMEs in western Uganda with a view to establishing a coherent model directed at improving business performance and it was hypothesized that financial management practices positively influences Business...
Group loans repayment problems of women borrowers
October 2013
Economic growth and development is a dream without having well focused and effective strategies to eradicate poverty through extending credits to women. The mobilization of funds comes directly from the participant’s savings and therefore the use of funds is under group scrutiny. This paper aims to examine the repayment problems of women borrowers of microfinance. A sample of 100 respondents comprising 20...
A study of filial piety practice in Malaysia: Relationship between financial well-being and filial piety
October 2013
The study examined children’s filial responsibilities as contributing to retirement financial planning. There was a 53.9% return rate from 750 survey questionnaires. Seven hypotheses were analysed using hierarchical regression/ordinary regression/stepwise regression analyses. The results revealed that, from children’s perspective, the more they were in contact with parents, the more support they would give...
Investment in swiftlet hotels in Malaysia – Does ROI compensate investment risks?
October 2013
Swiftlet hotels have become increasingly popular in the real estate industry today due to its high return on investment (ROI). This research has proven that a standard 20 x 70 feet shop is able to generate a net income of approximately RM10,000 to RM20,000 per month from sales of 2 to 4 kg bird nests. In about 15 months, a three storey shop house with a base value of RM360, 000 could appreciate up to RM750, 000 in...
The measurement of productivity growth and benchmarking in the academic departments
October 2013
The purpose of this paper is to analyze efficiency, measuring productivity growth of the academic departments and benchmarking for them. Efficiency measures are calculated by a non-parametric approach known as data envelopment analysis (DEA). Productivity is measured by the Malmquist index. The paper shows how DEA-based Malmquist productivity index can be employed to evaluate the technology and productivity changes...
The impact of non-accrued contingent liability on the equity market value of Brazilian companies
October 2013
This study investigates the relation between equity market value and nonaccrued contingent liability that is disclosed in the footnotes but it is not recognized in net income. The analyses focus on whether the prices of shares in the stock market and the return’s expectation of market react by the disclosure of non-accrued contingent liability in footnotes. 3.180 footnotes were analyzed from periods 2006 to 2010...
Double loop strategy management: implementing BSC as a linkage between strategic development and implementation
October 2013
Organizations are required to produce goods and services at a low cost, with high quality and with fast and flexible responsiveness to customer’s needs. So it is necessary for the firms to know the situation of things and what strategy can improve it. The aim of this study is to determine optimal strategy. In this study we used BSC, double loop strategy management and SMART technique to determine the optimal...
The effect of information and communication technology (ICT) application in the shoes industry
October 2013
This article analyses some problem of supply Chain management issues for Tabriz – Tehran-Kurdistan and Esfahan (IRAN) firms operating in the shoes industry. The producing companies were experiencing considerable problems in the management of supplier relationships, as well as in the commercial distributive Channel. The case study presented the critical point in the set up of the supply Chain management planning,...
The effect of health expenditure on economic growth in Iran
October 2013
In this paper, equivalence relation and long term of five variables gross domestic product growth rate, the ratio of health expenditure to GDP, the ratio of investment to GDP, population growth, growth rate of graduates and also their influences on each other in Iran from 1973-2008 were analyzed. For this purpose vector autoregressive model (VAR) was used. First, stability of variables was examined by...
Study on the foreign investment preferential policy formulated by host country
October 2013
The author makes use of the modern economic theories and methods to construct a theoretical framework for game analysis that centers on the creation and distribution of return on transnational corporations’ investment; thereby interprets the formulation and implementation of host country’s foreign investment policy and reinforces the existing theories and, on the other hand, analyzes the investment behavior...
Estimating the Impact of a COMESA Customs Union on Zimbabwe Using a Tariff Reform Impact Simulation Tool (TRIST)
October 2013
The implications of the formation of a customs union on revenue and welfare of a country are ambiguous and depend on a number of factors. The theoretical ambiguities give rise to the need for empirical studies that generate information for a particular customs union that is under consideration. Zimbabwe is among the COMESA member states that are actively participating in the preparations for the implementation of...
Measuring the performance of contractors in government construction projects in developing countries: Uganda’s context
October 2013
Traditionally, the success of projects is measured on time, cost and quality parameters; although, most construction projects in Uganda have not performed well on each of these parameters. In this paper, we identify important indicators that are useful for measuring contractors’ performance in Uganda’s context. The paper develops a simple performance measurement framework for measuring performance of...
An analysis of consumer values, needs and behavior for liquid milk in Hazara, Pakistan
October 2013
This study examines the relationship of consumer values, needs and behavior for effective positioning and target market. The purpose is to identify those motivational factors that influence the consumer to make purchase decision and types of personal values, motives, emotions and moods directing them. The research is based on survey with the sample from Hazara division using questionnaire. The findings indicate that...
The role of market liquidity, information efficiency on stock market performance: Empirical evidence from Uganda stock exchange
October 2013
The purpose of this study is to examine the role of Market Liquidity, Information Efficiency on Stock Market Performance in Uganda. The research design adopted was cross-sectional and quantitative. Data were collected from 66 respondents from a sample of 80 investors, brokers and staff of Uganda stock exchange. We performed a Pearson correlation and multiple regressions in the analysis of data. The study posts a...
The relationship between the percentages of free float shares and liquidity of shares in the companies accepted in Tehran Stock Exchange
October 2013
Free float share is a percentage of total company's capital which is available to stock market transactions. In this study, past information of the sample companies in Tehran Stock Exchange was used to investigate the relationship between percentage of free float shares and share market liquidity, number of buyers, number of transactions and turnover ratio of shares. The aim of this study is to assist investors and...
Risk management in Islamic banking
October 2013
Islamic banking and finance has become a US$100 billion industry and is estimated to grow at a rate of 15% per annum. The essential feature of Islamic banking is that it is interest-free. As a result of this, the Islamic financial system is primarily equity-based. Islamic banks therefore conducts business on a profit-/ loss-sharing principle. Under this arrangement, the provider of capital and the entrepreneur share in...
Motivating innovation with a structured incentives scheme – Extending the Manso model
October 2013
The conventional pay-for-performance schemes are designed for inspirit agents to exert effort. Manso structured incentive schemes to motivate innovation in a two-period production process. However, his solution is just dependent on the probability of success of different actions (work methods), and not on the amount of performance of these actions. In combining these two methods, this paper proposes a model and gives...
The impact of organizational justice on employee turnover, using Total E&P Yemen
October 2013
This study analyzed the impact of organizational justice as encompassed by three components, namely distributive justice, procedural justice and interactional Justice on employee’s job satisfaction, organizational commitment, and turnover intention. This study included the design and distribution of a self-administered questionnaire to 183 Yemeni employees working for TOTAL E&P Yemen (TEPY), which is...
Visitor-oriented information supply in the industrial fair
October 2013
In a trade show environment, the contact between the booth exhibitor and interested visitors is relatively essential because it plays a key role in turning visitors into customers. Contact efficiency refers not only to visitor retention but also involves creating business development opportunities with visitors. Hence, exhibitors should develop strategies to contact with visitors based on visitors’ preferences in...
A cross-cultural empirical analysis between the US and Taiwan: Perceived leadership styles and organizational commitment at Certified Public Accountant (CPA) firms
September 2013
This study investigates the effects of different leadership styles on organizational commitment in both the US and Taiwan along with CPA firms. The study sample consists of 137 respondents from among the Big-Four in the US and 247 respondents from the Big-Four in Taiwan. In addition to both promising future and royalty dimensions in organizational commitment, Americans are concerned with joy in their work while the...
Empirical analysis of regions of Mainland China’s manufacturing efficiency promotion: Experiences and lessons
September 2013
The manufacturing sector has been a decisive force in promoting economic development in China. According to the number of workers, net fixed assets and other economic data in China during 2000 to 2007, using data envelopment analysis (DEA) we can build a single-figure index reflecting the comprehensive manufacturing competitiveness of all regions. Based on those index and extension data of producer services, panel data...
Effect of provision of micro-finance on the performance of micro-enterprises: A study of youth micro-enterprises under Kenya Rural Enterprise Program (K-REP), Kisii County, Kenya
September 2013
Micro and small Enterprises (MSEs) sector contributes 20% to the GDP of the Kenyan economy. The vision of micro finance is to promote the growth of micro enterprises. In pursuit of this vision, the rapid growth of Micro finance institutions (MFIs) has made MSEs access to credit more than doubled from 7.5% in 2006 to 17.9% in 2009. Despite this increase, a recent study has shown that over 50% of MSEs continue to have a...
The role of need for achievement in self-leadership: Differential associations with hope for success and fear of failure
September 2013
Self-leadership and need for achievement show conceptual convergences as both constructs have been found to be phenotypically associated with heightened levels of performance (Neck and Manz, 1992; Spangler, 1992). We thus aimed to clarify how both are interrelated with their respective subfacets in three studies (N = 185, N = 228, N = 374) and found that (a) self-leadership and need for achievement tap different...
An integrated inventory models under cooperative and non-cooperative seller-buyer and vendor supply chain
September 2013
The first level of the supply chain basically contains three distinguished levels; these are single buyer (that is retailer), the second level vendor (that is warehouse) and single seller in the third level. The aim of this study was to investigate the cooperative of inventory models among the players in a three-level supply chain. In addition, the challenges involved in determining the optimal value of time...
The effect of the 'golden ratio' on consumer behaviour
September 2013
This paper evaluates the relationship between the "golden ratio" and consumer aesthetic preferences, and investigates its possible implementation into market offer. Due to the increasingly diverse offer to which consumers are exposed, each detail of the offer should be in the function to attract consumer’s attention. These requirements increase the importance of design. Package design should...
Leadership style, employee motivation and commitment: Empirical evidence from a consolidated retail bank operating in a depressed economy
September 2013
The study investigated the relationship between different leadership styles and employee motivation and commitment after a merger in a retail bank operating in an economically volatile environment. Data was collected from 121 employees (17 managers and 104 non-managerial) using three closed-ended questionnaires. The Multifactor Leadership Questionnaire Form 5X was used to measure leadership styles and the Organisational...
Determinants of extent of financial derivative usage
September 2013
The adaptation of free market policies in the world economy has increased the employment of risk management practices in corporation’s financial decisions in order to reduce the variability in firm’s future cash flows, due to the highly volatile exchange rates and interest rates. It is generally argued that, extensive usage of derivative instruments can minimize the firm’s cash flow unpredictability by...
A novel FOREX prediction methodology based on fundamental data
September 2013
Markets play a critical role in economics of the world and the distribution of wealth. Predicting them can help with preventing crashes and avoiding severe losses, or making significant profits. But such prediction is not easy due to the very complex nature of markets and the wide variety of the influence factors involved. Technical analysts or chartists rely on historical chart data to predict patterns based on...
A comparative study of data mining techniques in predicting consumers’ credit card risk in banks
September 2013
This paper investigates the use of batch and incremental classifiers such as logistic regression, neural networks, C5, Naïve Bayes updateable, IBk (instance-based learner, k nearest neighbour) and raced incremental logit boost to obtain the best classifier to be used for improving the predictive accuracy of consumers’ credit card risk of a bank in Malaysia. Prior to generating all the models for comparison,...
Rank reversal problem related to wash criterion in analytic hierarchy process (AHP)
September 2013
The rank reversal problem related to wash criterion in Analytic Hierarchy Process (AHP) was studied. The purpose of this paper is threefold. Firstly, the rank reversal problem did not come off when proportional adjustment of Liberatore and Nydick (2004) and Saaty and Vargas (2006) was applied. Secondly, the conditions that insure the occurrence of rank reversal by using the approach of Finan and Hurley (2002) and Lin,...
An empirical estimation of the relationship between Edmund Phelps’ “investment driving forces†and the unemployment rate
September 2013
On his invited lecture at Beijing University, China, December 2004, Edmund S. Phelps, the winner of the 2006 Nobel Prize in Economics, proposed four indicators of “investment driving forces”, which could be used in measuring the economic growth of a country’s performance, and which might in turn also be eventually reflected in the country’s employment situation. In addition to Edmund...
How does boundary-spanning search matter in China’s new technology venture? The role of external relationship and internal competence
September 2013
Following on the resource-advantage theory, this study advances existing research by examining what configuration of a new venture’s boundary-spanning search can obtain successful venture performance and how a founding team’s external relationship and the internal firm competences shapes the relationship between the distant search and new venture performance. The paper is based on a questionnaire...
Is Country branding a panacea or poison?
September 2013
The momentum towards complete globalisation advocated by proponents of the benefits of one big business village as the answer to the suffering of third world countries, has now been slowed down by the uncertainty resultant from the hitherto unprecedented global meltdown. With the coughing of America, the whole world seems to be catapulting into one big mess due to the global economic quagmire. Consequently, there is a...
Analysis of marketing data to extract key factors of telecom churn management
September 2013
For telecom industries facing customer and market changes due to rapid developments, near saturation, and intense competition, avoiding churn is critical. Most churn management studies attempt to locate a list of potentially lost customers from existing customer data, for use in subsequent customer retention activities. However, the effectiveness of a telecom company’s churn management is determined by whether it...
A review on constructs of the practices of quality management
September 2013
Quality management is a management function that ensures the quality of the products, services and/or operation processes of an organization. It contributes to the competitiveness and maintains the sustainability of the organization. This paper reviews the constructs of practices of quality management adopted by researchers. Based on the literature review, the practices of quality management are summarized into eight...
Effective customer service: A tool for client retention among stock broking firms in Nigeria
September 2013
The paper examines the various customer retention measurement metrics and constructs, using concepts of customer service, customer satisfaction, behavioral intention and employee satisfaction. Pearson product moment correlation coefficient, t and F statistics were used to test the hypotheses formulated based on information received from 164 respondents (clients) patronizing four Stock broking firms in Cross River State,...
Is enlarging the market share the best strategy for maximizing profits
September 2013
This paper determines the best market strategy that can enable a firm to maximize its profit. An advanced panel threshold regression model is employed to investigate the panel threshold effect of market share on firm profits among publicly traded Taiwan firms. The results confirm that the double threshold effect does exist between market share and profit. Some important policy implications emerge from the...
The effects of motivation on leisure time management
September 2013
The purpose of this study was to determine recreational motivations and present its effects on user properties (socio-economic properties and land use habits). In line with this purpose, a questionnaire was applied to fifty users in Ankara Goksu Park. According to the analysis, it was stated that user properties (socio-economic properties and land use habits) have an impact on socialization, entertainment and escape...
The effect of positioning in the world economic system on economic and social development: A relational approach to services
September 2013
In this study, we aimed to evaluate how the positioning of the country in the world economic system influences economic development (per capita income) and social development (HDI). Taking exchange of services as a reference point, through social network analysis and panel data, we found that the positioning of the country in more central positions, i.e., the core and semiperiphery, and capacity for betweenness...
Studying and analyzing the relationship between the functions of performance assessment system and organizational commitment
September 2013
Generally, organizational members do not have a positive attitude on performance assessment system and see it as a barrier to achieve their aims. They believe that performance assessment system prevents them to achieve their awards, advantages and status so they consider it unfairly. On this basis, the aim of present paper is to study the relationship and impacts of various function of performance assessment including...
Research on the relationship between forward freight agreements and the fuel oil index
September 2013
Bulk shipping is a globalised industry, and market prices are entirely dependent on the world’s economic climate. The industries contractual arrangements are also rather flexible making it difficult for market participants to understand the trends and fluctuations of market prices and forcing market participants to face greater uncertainty and volatility. Oil and Forward Freight Agreements (FFAs) act as...
Evaluation of the factors that affect performances of active football referees in Turkey
September 2013
The research was carried out for the purpose of evaluating the factors affecting performances of active football referees who function in different categories. Thesurvey method was used in the research in order to describe an existing situation. The research group is composed of 108 referees (FIFA = 4, senior referees = 37, senior assistant referees = 50, state referees = 17) who actively officiated in the...
Corporate responsibility for socio-economic transformation: A focus on broad-based black economic empowerment and its implementation in South Africa
September 2013
This article illustrates corporate responsibility for socio-economic transformation with a focus on broad-based black economic empowerment (BBBEE) and its implementation in South Africa. This article clarifies the need for the corporate sector to ensure consistency in the implementation of socially responsible behavior, particularly in the area of black economic empowerment. The article highlights that there is both a...
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