March 2012
The development of a value creating competencies index: The economic value added (EVA) approach
Shareholders always expect business executives to create real economic value and wealth for their organisations, and accordingly, compensate these executives based on the economic value that has been created. Economic value added (EVA) is regarded as the true measure of economic value and has since been utilised as a tool for executives’ compensation. Inherent to compensating executives on EVA, is the underlying...
March 2012
Entrepreneurship and entrepreneur: A review of literature concepts
The field of entrepreneurship is still a relative one that is less explored, and many opinions in regard to defining the concepts of entrepreneurship and entrepreneurs remain the same. A trial was made by this paper to explore the diversity of concepts identified in specialty literature, and this was approached in their historical evolution. Entrepreneurship entails forming a new organization or restructuring an...
March 2012
Information and communication technologies within small and medium enterprises in developing economies
With the realization of the benefits associated with the adoption of information and communication technologies (ICTs), many small and medium enterprises (SMEs) in developing economies are beginning to embrace the use of ICT. This process has, however, been marred with numerous challenges, characterizing the process as slow paced adoption and use of poor quality ICTs that are outdated, ineffective and inefficient. This...
March 2012
Factors influencing the selection of procurement systems in the South African construction industry
Procurement systems are vital in ensuring the successful implementation of a construction project, precisely executed for all phases of any particular project. Therefore, this paper aims to investigate, in a systematic manner, the factors that influence the selection of a procurement system in the South African construction industry. An extensive theory and literature review of procurement systems was conducted....
March 2012
The extent of transformation within the higher education sector and its effects on gender equity: A case study of Gauteng University of Technology
The need for more equitable workplace opportunities for employees is a well-documented area in management literature. More recently, research on the role of gender equity strategies is also prominent in the literature. An important lacuna in the equal employment opportunities (EEO) literature appears, however, to be the lack of focus on gender equity in higher education. Specifically, the in-attention to the...
March 2012
Human reliability analysis (HRA) emanating from use of technology for ships navigating within coastal area
The traditional approach to the study of human factors in the maritime field involves the analysis of accidents without considering human factors reliability analysis. The main approach being use to analyze human errors are statistical approach and probability theory approach. Another suitable approach to the study of human factors in the maritime industry is the quasi-experimental field study where variations in...
March 2012
The role of physical and financial, social, human and natural capitals in explaining work performance of employees in Malaysian public sector
In this paper, we investigated the influence of four basic types of capital: physical and financial, social, human, and natural on work performance of the employees in public sector at federal ministry level in Malaysia. A structured research instrument was utilized to survey a sample of 1253 employees from 19 federal ministries in Malaysia. Pearson correlation was employed to analyze the relationships between the...
March 2012
Analysis of impact of different types of patents on technological advancement in China
This article examines the construction of a system of dynamic relationship between invention patent; utility model patent; external design patent and technological advantages by using vector autoregression (VAR) model. Through the application of Granger causality analysis, it has been found that there exists a unilateral Granger causality between invention patent; utility model patent and external design patent....
March 2012
A formula for prioritization and optimized selection of research projects in research and development departments of industrial factories
Research and development play key roles in different industries success. However, the significant point is how to organize related activities so that growth and progress would be realized in a department as a result of appropriate organization. In other words, research and development activities could lead to growth when systematically conducted. These all would be accomplished via comprehensive analysis of factors...
March 2012
Supporting the entrepreneurship development in the agriculture production cooperatives
The purpose of this study was to recognize the supporting mechanisms for entrepreneurship development in agriculture production cooperatives. It is an applicatory and investigational study. The statistical population is 492 managing directors of Khuzestan agriculture production cooperatives; by a multi-stage sampling, 101 cooperatives were selected. Questionnaire was the data compilation instrument. Results showed that...
March 2012
Determinants of electronic commerce adoption in Malaysian SMEs’ furniture industry
This paper aims to identify the determinants towards the adoption of e-commerce adoption particularly in Malaysia’s SMEs furniture industry. The scope of study in SMEs furniture industry can be considered as significant and appropriate in view of its establishments with significant effect to the overall Malaysian economy. The finding of the study indicated that adoption factors such as organizational readiness,...
March 2012
The contribution of a mega-event to the sustainable development of South African tourism
The objectives of the study were to determine the relevance and the management of the drivers that underlie the hosting of a mega-event aimed at promoting sustainable tourism development, in this case, the Fédération Internationale de Football Association (FIFA) World CupTM that was held in South Africa in 2010. A web-based survey was constructed and 217 international academic and industry experts...
March 2012
The relationship between earnings per share forecast error and abnormal stock return of new accepted corporation: Evidence from Iran's capital market
This study examines the relationship between earnings per share forecast error and abnormal returns of newly listed companies on Tehran Stock Exchange in two periods of the coming year to stock exchange and one year after it. Therefore, data have been collected from 84 new companies in Tehran Stock Exchange during the period of 2003 to 2008. The results of this research have been shown using multivariate linear...
March 2012
Crises: A challenging issue for the future
Nowadays, the world is marked by multiple deep changes with different consequences. One of the features is that we are faced with a “bunch of crisis” that affects all components of social life along with the environment crisis - the earth crisis. We can also mention that in the whole system, there is a crisis correlated at the same time with a significant cyclical state. Cyclicality which we meet in society...
March 2012
The organization’s cultural values: A study of public sector universities in Pakistan
The study explored the organization’s cultural values in universities of Pakistan. Using the responses of 674 academic faculty members from 23 public sector universities, the researchers analyzed: a) whether the Hofstede‘s (1980,1984) findings regarding Pakistan’s cultural orientation still prevailed in society; and b) whether the perception of cultural dimensions existed equally among all ranks and...
March 2012
Analysis of husbandry cooperatives in Ahwaz township of Iran
The main purpose of this research was identifying the prominent problems of husbandry cooperative in Ahwaz Township of Khuzestan province, Iran. The type of research was applied research and the research method was descriptive correlation method. The population of study was 132 manager of 132 husbandry cooperatives in Ahwaz township (N = 132). The research instrument was questionnaire. To test the validity of...
March 2012
Spillover effects enhancing sales, production and competitiveness of South African manufacturers
With the surge of globalisation, economic systems became integrated across borders and it became easier for firms to share knowledge and improve their global competitiveness. This study examined the connections between firms in the manufacturing industries with regard to knowledge and innovation spillover effects on a regional, national and international basis. The contributions of spillover effects, improving...
March 2012
Financial stability of Islamic banking in Pakistan: An empirical study
The relative financial strength of Islamic banks was assessed empirically based on evidence covering individual Islamic and conventional banks in Pakistani banking system with a substantial presence of Islamic banking. Industry specific, bank specific, country specific and macro-economic variables were pooled for pair-wise and regression analysis. We found that (i) small Islamic banks tend to be financially stronger...
March 2012
Establishing a consumption experience scale model for Taiwanese fine foods culture
This study explores the experiences and feelings of consumers regarding Taiwanese fine foods culture before establishing the conceptual structure of a consumption experience scale for Taiwanese fine foods culture. This paper uses confirmatory factors analysis (CFA) to examine 547 samples. The results show that the overall fit index, measurement, reliability and the validity that the scale developed using this research...
March 2012
Managing conflicts through personality management
This research integrates personality management with conflict management and examines the relationship between interpersonal conflict and personality types selected from Big Five model. In general, personality dimensions (extraversion, conscientiousness, neuroticism) were related to interpersonal conflict. The study was aimed to uncover the moderating role of personalities to reduce conflict. The study was cross...
March 2012
An empirical analysis of risk perception, remedial measures and behaviour of people in Saudi Arabia towards insurance
The present study investigates the perception of individuals towards various kinds of risks and measures they prefer in Saudi Arabia. The study further investigates how the use of insurance specially the compulsory insurance has affected the perception towards risks and their future behaviour towards buying other insurance policies and also what features the users of insurance prefer in their insurance policy contract....
March 2012
Process management and innovation for the Brazilian airport infrastructure
After various studies on the Brazilian airport sector, it becomes evident that the focus is directed to non-managerial and technical studies. Therefore, there is a need to create proper conditions and a favorable context for airport infrastructure, involving both process and innovation management. Hence, the purpose of this paper is to develop an in-depth research on processes, innovation and airport infrastructure...
March 2012
Forecasting Turkey’s Lumber Industry: an analysis
In this study, models are established and projections are developed for production, import and export of Turkish Lumber manufacturing industry by econometric method. Parameters of the econometric modeling rest on time series of past 25 years and projection was made for the next 15 years around on basis of a variety of reasonable assumption and scenarios. For establishment of the most appropriate regression models for...
March 2012
A comparative study on value at risk and conditional value at risk with an application to the Malaysian financial market
Value at risk (VaR) and conditional value at risk (CVaR) are frequently used as risk measures in risk management. VaR estimates the maximum expected loss over a given time period at a given acceptance level, whereas CVaR measures the extreme risk or the risk beyond VaR. This paper aims to perform an empirical study on VaR and CVaR based on the daily returns of the Malaysian stock markets traded in Kuala Lumpur Composite...
March 2012
Liquidity risk, liquidity demand of investors and asset pricing
Among the field of asset pricing theory, the theoretical significance of market liquidity risk premium is a hot topic. This paper decomposes market liquidity risk into exogenous and endogenous liquidity risk, and introduces liquidity demand as a state variable, giving rise to the random holding horizon, and develops a liquidity risk-adjusted capital asset pricing model. Besides agreement with the previous theoretical...
March 2012
Valuation of a new entrant in an oligopolistic market, including its option to abandon: A real-life case
The purpose of this paper is to increase current empirical evidence on the relevance of real options for explaining firm investment decisions in oligopolistic markets. We study an actual investment case in the Spanish mobile telephony industry, the entrant in the market of a new operator, Yoigo. We analyze the option to abandon in order to show the relevance of the possibility of selling the company in an...
March 2012
Exploring the relationship between trust, commitment and customer loyalty through the intervening role of customer relationship management (CRM)
The purpose of the study is to investigate customer relationship management (CRM) and its influence on customer loyalty at selected short-term insurance providers in the Gauteng province of South Africa. The target population included all South Africans who currently have a policy with at least one of the selected short-term insurance providers in the study. The convenience sampling method was applied, and a sample...
March 2012
Replenishment lot sizing with an improved issuing policy and imperfect rework derived without derivatives
This study uses an alternative approach to reexamine a replenishment lot size problem with discontinuous issuing policy and imperfect rework. A straightforward approach in terms of algebraic derivation is proposed instead of conventional method with the need of applying first-order and second-order differentiations to system cost function for proof of convexity before derivation of the optimal lot size. The research...
March 2012
Rough sets and principal components analysis: A comparative study on customer database attributes selection
The databases of real world contain a huge volume of information; however, part of these data is not interesting for the knowledge extraction. So, data are preprocessed for reducing the amount of information and selecting more relevant attributes. This paper addresses a contrastive study between rough sets and principal components analysis on customer database attributes selection. The experiments were carried out using...
March 2012
Effect of discretionary accruals and corporation size on auditor's opinion
This research aims to examine the effect of income manipulation and size of corporations on audit opinion. The corporations under study include the ones registered in the Tehran Stock Exchange for the period of 2006 to 2011. The logistic regression statistical method and the Wald test have been used to test the research hypotheses. The corporations have been selected by the systematic random sampling. The results...
March 2012
A survival analysis of small and medium enterprises (SMEs) in central China and their determinants
This paper makes a comprehensive analysis of small and medium enterprises (SMEs)’ survival and its determinants based on a sample of 54,573 new-established small and medium-sized industrial enterprises in central China, which were founded during the period from 1998 to 2007. This study uses life table method and the log-logistic model. Through this analysis, the “liability of adolescence” hypothesis is...
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