March 2012
Critical review of literature on enterprise risk management and the cost of capital: The value creation perspective
Enterprise risk management (ERM) encompasses the spectrum of identifying and analyzing risk from an integrated, company-wide perspective in a structured and disciplined approach in aligning strategy, processes, people, technology and knowledge with a purpose of evaluating and managing the uncertainties facing the enterprise as it creates value. ERM essentially lays concern for managing the firm’s idiosyncratic...
March 2012
The relationship between ownership structure, board characteristics and organization innovation: Evidence from Taiwan listed and over-the-counter firms
The purpose of this study is to investigate whether a firm’s ownership structure and board characteristics influence its capacity for innovation and organizational performance, based upon the available data for listed and over-the-counter (OTC) firms in Taiwan. This paper uses two basic methods for data collection: data regarding ownership structures and board characteristics were collected from the Taiwan...
March 2012
Customer behavior in the culture of fear and short attention
The research which was carried out on a sample of N = 344 respondents of different age and gender, using the X PANAS questionnaire to measure the basic and specific emotional states, calls attention to emphasized emotions of boredom and fear. Are there significant differences in the intensity of emotions of fear and boredom, depending on the age and gender of respondents? What is the causal link between the identified...
March 2012
Influence of different components of organizational support for project management on success of the project realization in institutes of public health
The aim of this article is to present the importance of a project performance’s education, training and motivation and project organization structure in non-profit organizations and to establish its influence on a successful project realization. For this purpose we designed a questionnaire. The sample includes 180 respondents working in all Slovene institutes of public health at the secondary level. The...
March 2012
An empirical study of liquidity risk premium in Chinese stock markets
Based on a simple liquidity risk-adjusted asset pricing model, this paper empirically studied the liquidity risk premium and illiquidity compensation in Chinese stock markets. The evidence shows that there are significant illiquidity compensation and liquidity risk premiums in the stocks expected returns; the more illiquid or price impact elastic the stock is, the more significant the tests on its illiquidity...
March 2012
Necessity of entrepreneurship education: A research among entrepreneurs and potential entrepreneurs in Serbia
Entrepreneurship education field is very complex. Studies have shown that the effects of entrepreneurship education are mixed and contradictory and authors’ opinions range from unconditional support to doubts into its justification. The study explores the entrepreneurship education perception of the existing entrepreneurs and of those who want to become entrepreneurs, whether it is necessary and adequate in their...
March 2012
Comparison and grade analysis of the effective criteria in organizational learning by hierarchical analysis (AHP)
The aim of this research is to make a comparison and grade analysis of the effective criteria in organizational learning. The latter is fulfilled using analytical hierarchy process (AHP) among the staff of educating and training organizations in high school level. 111 staff of educating and training organizations (managers, deputies and teachers) were randomly chosen. Templeton method and other organizational learning...
March 2012
The promotion of critical thinking in baccalaureate nursing English programs
This study investigates whether or not the incorporation of critical thinking skills into English communication classes could generate positive effects in the learning outcomes of baccalaureate nursing students. An experimental design for experimental group and control group was used in this study. 59 nursing students were randomly selected and distributed into an experimental group (29 students) and a control group (30...
March 2012
The presence of public-private partnerships in the financing of infrastructure of Balkan countries
Use of the concept of public-private partnerships as a financing modality, has in recent decades become an attractive method of financing, construction and maintenance of public sector infrastructure, as well as the construction of industrial facilities. The organizational structure of such a partnership represents a formal system of accountability which defines the individual positions of entities and their mutual...
March 2012
Construct intellectual capital performance model for a logistic industry
Our country is an island-orientation country, no matter the imported and exported trade, all depend on the development of international trade, so the logistics industry can be regarded as an important equity of economic development in Taiwan. It also plays an important role among escalate enterprises’ efficiency. A rapid change in information technology and business management, enterprises face more competitions...
March 2012
Romania and the monetary union: An example for emerging countries
The European and world economy have taken a serious downturn in recent years. The European Union and the Euro-area have been challenged by the enlargement process, by diversity as a central feature of the group, and also by the economic and financial crisis. Romania, the EU 7th largest member state, under the effects of the “no opt-out” clause, will be facing, rather soon, the Euro adoption as a new...
March 2012
Application of fuzzy logic into process of decision making regarding selection of managers
This paper exemplifies the possibility of applying fuzzy logic into the process of decision making regarding the selection of executive managers. The decision making process related to the selection of executive managers has been conceived in such a way that human resource (HR) departments assess candidates with application of a grade system. Candidates can be assessed against defined mangers’ goals. Research...
March 2012
The effect of gender differences in supervisors’ emotional expression and leadership style on leadership effectiveness
The effect of gender-role stereotypes means that the leadership effectiveness of female leaders is likely to be underestimated, as their roles are different from those of traditional male leaders. Given the theory of paternalistic leadership in Chinese society and from the perspective of Chinese culture, this study re-examined the relationship between the emotional expression and leadership style of supervisors and...
March 2012
Daily electricity demand forecasting in South Africa
The paper investigates the impact of day of the week, holidays and other seasonal effects on daily electricity demand in South Africa using regression, seasonal autoregressive integrated moving average (SARIMA) and regression model with SARIMA (RegSARIMA) models for the period 2001 to 2009. The results from this study show that the SARIMA model produces better forecast accuracy with a mean absolute percent error (MAPE)...
March 2012
Working capital management and firm’s profitability in Pakistan: A disaggregated analysis
This study investigates the effects of working capital management on firm’s profitability in Pakistan by using average annual cross sectional data from 2004 to 2009. Four different sectors namely textile, chemical, engineering and sugar and allied are considered. Inventory turnover, average payment period, current ratio, firm size, average collection period and debit ratio are used. Regression results indicate...
March 2012
The relationship between organizational climate, job involvement and organizational trust with organizational justice: A case study of hospital systems of Isfahan city, Iran
The main purpose of this research is to examine the model of the relationship between organizational climates, Job involvement and organizational trust with nurses’ perceived organizational Justice. The method of study is correlational. The statistical population consists of all of nurses of hospital systems of Esfahan city, central region in Iran. The data gathering instruments were four questionnaires (Nihof and...
March 2012
A survey of motivational factors associated with couples’ likelihood of joint shopping: The case of Iranian couples
The aim of this study is to survey the relationship of motivational factors with couples’ likelihood of joint shopping. These motivational factors include utilitarian motives (product purchase relevance and perceived financial risk), hedonic motive (expected shopping pleasure) and a situational motive (time availability). Four hypotheses of this research that state every four motivational factors are positively...
March 2012
The impact of management indecisiveness on employee motivation and performance
Indecisiveness has recently become a common feature in a manager’s day to day duties. The contention of this paper is that failure to take firm decisions is not only a frustrating and demoralising experience for employees but can also be a costly exercise for the organisation. This sought to investigate: (a) causes of indecisiveness by managers, and (b) to advocate for continued staff development training as a...
March 2012
Examination of satisfaction from family medicine by structural equation modeling: The example of Turkey
In this study, an effort was made to describe the causal relationship between the service dimensions constituting the satisfaction from family medicine by a recommended structural equation modeling. The measurement tool prepared in line with this purpose was applied on 209 individuals who received family medicine services. First the factors affecting satisfaction from family medicine were identified using the...
March 2012
Thriving against the odds: A success story of a township building contractor
A case study on a thriving small building contractor was undertaken in the Gauteng Province of South Africa. The objective of the study was to determine the social responsibility approaches used by the contractor to survive and thrive when many similar businesses struggle to do the same. A qualitative single case-study was conducted. Face-to-face interviews were conducted with the respondent who is the owner-manager of...
March 2012
A study of the relation between free float rate and stock yield rate: Some Iranian perspective
The aim of this study is to review the relation between free float stock rate and stock yield rate of the listed companies in Tehran Stock Exchange. This research is semi-experimental. In this research, the independent variant is the free float stock percentage of the companies, while the dependent variant is the stock yield rate of the companies. The overall purpose of this study is for investors and stock exchange...
March 2012
The relationship between leadership styles and organizational citizenship behavior
A leader, as one of the determiners in organizational direction and objectives, must be able to respond to development. Basically, leadership is a process of influencing activity in a group directed toward the achievement of one or several objectives. In the context of empowerment of human resources, in order to produce professional employees having high integrity, the presence of a standard is required, which can be...
March 2012
High-performance work practices, innovation and perceived organizational performance: Evidence from the Jordanian service sector
The primary purpose of this study was to examine the relationship between high-performance work practices, organizational innovation and organizational performance in the Jordanian service sector. The objective was to test the ability of high-performance work practices to account for variance in organizational innovation and subsequent organizational performance, and to examine the role of organizational innovation as...
March 2012
Firm performance effects of nurturing political connections through campaign contributions
In a research context suggesting that there are positive effects of political connections on firm performance, this paper addressed one mechanism generating performance superiority: cash giving to political candidates in exchange for favors. A dataset from the major 2006 election for president, governor, senator, federal and state deputies was used to estimate a multilevel model of listed firms operating in Brazil, an...
March 2012
Emotional intelligence and faculties' academic performance
The purpose of this paper is to identify the roles of universities' quality working life between emotional intelligence dimensions and faculties' academic performance. From analysis of alternative research approaches, a field survey seems to be the most appropriate methodological choice. This study is a field study of real organizations rather than an artificial setting. The questionnaire consists of items...
March 2012
Petroleum exploration and the oil price dynamics: A case study of Nigerian petroleum industry
In this paper, we described changes expected to occur in the upstream petroleum exploration industry’s activities in response to oil price dynamics. We observed that an increase in oil price accelerates production activities and expand profit margins but, for some reasons, does not imply increase in new oil well exploration. Applying statistical Vector Autoregressive Model on annual data obtained from Nigerian...
March 2012
Organizational learning and organizational commitment: A correlational study in manufacturing context
This paper aims to investigate the impact of organizational learning (OL) on organizational commitment (OC). Learning is the key element needed by all organizations that wants to develop and sustain competitive advantage in the new knowledge economy. This paper focuses on the relationships between organizational learning and organizational commitment, a little researched area, specifically, in Pakistani...
March 2012
A regional comparative analysis of factors affecting farmers’ decision to benefit from milk incentive premium in Turkey
In this study, it was aimed to determine the factors affecting farmers’ decision to benefit from milk incentive premium. The study was carried out in the Northwest region of Turkey, which is considered one of the most productive milk producing region and the Northeast of Turkey, where the number of cattle is the highest. The number of survey conducted in the provinces of these two regions was determined to be 540....
March 2012
An exploratory study on entrepreneurial mindset in the small and medium enterprise (SME) sector: A South African perspective on fostering small and medium enterprise (SME) success
Business success in the new economy is merely not a function of relevant skills; but also requires people who have entrepreneurial mindsets. As much as entrepreneurial mindset is important for business success, it is also vital to understand the current level of entrepreneurial mindsets in each entrepreneurial community by identifying which factors are lacking that needs to be improved as a means to foster the success...
March 2012
The work value and job satisfaction of the testing department staffs in top five notebook original equipment manufacturer (OEMs) worldwide
The aims of this research are to: (i) understand the differences of work value of notebook testing department staff based on different background variables, (ii) understand the differences of job satisfaction of notebook testing department staff based on different background variables, and (iii) look into the related situations between work value and job satisfaction of notebook testing department staff based on...
March 2012
Impact of career selection on job satisfaction in the service industry of Pakistan
The selection of a right career is very important for any individual after completing education. A wrong selection in this regard leads to numerous problems in the long run. This research was conducted to know the impact of career selection on job satisfaction in the service industry of Pakistan. The research identifies the factors which are important in the selection of career by the employees of this industry. Survey...
March 2012
Assessment of quality for internal audit functions: A quest for a valid and reliable instrument
The primary objective of this study is to construct a valid and reliable instrument to quantitatively measure the level of conformance by internal auditors towards the International Professional Practice Framework (IPPF). A comprehensive review of literature concerning the existing instruments is clearly presented. This study involves distribution of the new instrument to 400 internal auditors, auditors, accountants and...
March 2012
The potential of the Netherlands and Turkey in the renewables arena
Due to the limited fossil sources and the pollution resulting from using these sources, countries have seen an increasing emphasis on renewables. This paper looks at the developments in renewables in the Netherlands and Turkey by presenting the financial and political opportunities. The Netherlands is a guide land in the renewables area, especially wind and solar energy. Renewables has also been becoming more and more...
March 2012
Determination of Eco-tourism potential of Düzce Ugursuyu and Aksu Basins and Landscape Management
Determination of eco-tourism potential in the areas with high eco-tourism potential and formation of a landscape management plan are the issues that have been studied in terms of different perspectives recently. Eco-tourism causes more harm than mass tourism in the cases when eco-tourism is not planned well and management factor is ignored. In this study, eco-tourism potential has been determined in Düzce Ugursuyu...
March 2012
Examination of doctoral theses/dissertations: Models, practices, and guidelines
This study provides an analysis of two current models of dissertation/thesis examination; American and European/British and their philosophical rationale. It brings out the key differences between two models and suggests that there is a need for synchronization of dissertation examination procedures and standards across the countries as globalization proceeds. A conceptual model of dissertation examination followed by a...
March 2012
Power transmission cost allocation using power flow tracing and reliability benefit
Power transmission cost allocation methods have been varied depending on local context of electricity supply industry. There is a common principle that transmission line capacity should be properly allocated to accommodate actual power delivery with adequate reliability margin. This paper therefore, proposes a method that allocates transmission embedded cost to both generators and loads in an equitable manner,...
March 2012
Examining auditing fees change from free cash flow viewpoint
This research mainly aimed at examining the relationship between free cash flow and auditing fees. It is required to mention that the mangers of free cash flow do not invest the commercial units in projects with positive NPV based on the theory of contradictory interests of managers and owners. In this research, the companies were divided into two lower and upper classes and model of auditing fees and artificial...
March 2012
Towards corporate sustainability: Equitable wealth allocation to all participating stakeholders
In the corporate and academic worlds, issues regarding corporate sustainability have become much pronounced. To sustain future business activities, corporations are advised to adhere to good corporate governance where they have to focus on social and environmental elements, apart from their economic aspirations. This is a new phenomenon in business as many corporations tend to focus their attention on the allocation of...
March 2012
Fiscal planning and local government administration in Nigeria: The quest for sustainable rural development
The raison d’etre of a local government is to collect its revenue efficiently and to use that revenue to provide infrastructural development for its tax payers. Local government as the third tier of government cannot, therefore be ideal from the financial view lens if it collects its revenue in a slip-shod manner and devotes a large percentage of it to the maintenance of a top- heavy administrative set-up, with a...
March 2012
Technology spillover impacts on total productivity of the manufacturing sector in Pakistan
Productivity measurement, impacts of technology spillovers and trend towards indigenous R&D is seriously lacking in manufacturing sector of Pakistan. There are very few studies carried out in this development sensitive area. This research was conducted to see the impacts of technology spillovers on total productivity of manufacturing sector in Pakistan. Furthermore, it was intended to check the effects of increase...
March 2012
Asset and systematic risk
In financial accounting, assets are economic resources. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent ownership of value that can be converted into cash (although cash itself is also considered an asset). The study and understanding of risk is of paramount...
March 2012
Business ethics and corporate governance: An African socio-cultural framework
Lately, there have been various discussions about the values of the African Ubuntuphilosophy in many aspects as it relates to issues of human relationships, business ethics and corporate governance. As a governing philosophy, the Ubuntu is inclusive in nature as it considers all members of the community (organisation) as one entity aiming at achieving one purpose. There have been assertions that the...
March 2012
Relevance of financial reporting systems: Single-bottom line or triple-bottom line
Traditional financial reporting systems have geared towards the single-bottom line reporting in the form of profitability. However, there are arguments that corporate reporting systems should not just dwell on a single-bottom line but should be reported upon on three elements comprising economic/financial, social and environmental elements that constitute the triple-bottom line. This study aimed at empirically...
March 2012
Risk mitigation strategies for software development projects: Professional perspectives
The success of software development projects relies on how risks are managed. There is a lack of understanding on the effectiveness of risk mitigating strategies for managing software development projects. In a questionnaire survey conducted among 324 IT professionals, the effectiveness of risk management strategies was explored. The statistical method of variance technique (ANOVA) was used to analyse risk...
March 2012
Welfare and environmental quality impacts of green taxes in Iran: A computable general equilibrium model
One of the most important government challenges is the environmental crisis; therefore, governments should strive to implement various policies and programs to overcome environmental problems including air pollution or the reduction of negative effects of human functions on the environment. This study has tried by using an input-output table in 1380, specifically looking at the amount of pollutants and greenhouse gas...
March 2012
Investigating the impact of intellectual capital on organizational performance: A case study in an Iranian medical science university
New economic growth comes from information and knowledge. This situation increases importance of intellectual capital as an economic and research item. The role of intellectual capital in improvement of performance and social and technological economy is the subject of new researches in knowledge organizations. Intellectual capital is known as the main source of competitive advantage and value creation in today’s...
March 2012
Key factors influencing organizational innovation in small rural food industries: Case study of Iran
The competitiveness of an organization relies mainly on its ability to adapt to new changes in its environments. Additionally, process and product innovation increase productivity significantly only when accompanied by an organizational innovation. This study was therefore carried out to understand organizational innovation and key factors which influence it in small rural food industries of Tehran Province, Iran....
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