October 2013
United States of America FDI and trade as complementory or subsittute for Pakistan
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...
October 2013
Performance analysis model of productive local arrangements by the relationship between conditions and territorial indicators
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...
October 2013
Predicting corporate distress in the Nigerian stock market: Neural network versus multiple discriminant analysis
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...
October 2013
Determinants of credit rationing to the private sector in Ghana
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...
October 2013
Financial management practices and business performance of small and medium enterprises in western Uganda
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...
October 2013
Group loans repayment problems of women borrowers
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...
October 2013
A study of filial piety practice in Malaysia: Relationship between financial well-being and filial piety
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...
October 2013
Product market competition, controlling shareholders’ tendency, and cash dividends policy: Empirical analysis based on Chinese listed companies
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...
October 2013
Motives in implementing Green Productivity among EMS 14001 certified companies in Malaysia
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...
October 2013
Growth pattern, reforms and operational innovations in Indian banking
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...
October 2013
The Impact of Monetary and Non-Monetary Rewards on Motivation among Lower Level Employees in Selected Retail Shops
The present study investigated the effects of monetary and non-monetary rewards on motivation with respect to lower level employees in the retail industry. An empirical investigation was undertaken using a sample of fifty (50) lower level employees drawn using the random sampling technique. A questionnaire adjusted to suit the retailing environment was employed to collect data. The findings of the study indicated a...
October 2013
Investment in swiftlet hotels in Malaysia – Does ROI compensate investment risks?
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...
October 2013
The measurement of productivity growth and benchmarking in the academic departments
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...
October 2013
The impact of non-accrued contingent liability on the equity market value of Brazilian companies
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...
October 2013
Double loop strategy management: implementing BSC as a linkage between strategic development and implementation
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...
October 2013
The effect of information and communication technology (ICT) application in the shoes industry
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,...
October 2013
The effect of health expenditure on economic growth in Iran
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...
October 2013
Study on the foreign investment preferential policy formulated by host country
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...
October 2013
Estimating the Impact of a COMESA Customs Union on Zimbabwe Using a Tariff Reform Impact Simulation Tool (TRIST)
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...
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