bluuebunny/crossref_metadata_2025 huggingface dataset:
Government Expenditure And National Income: Causality Tests For Five South East Asian Countries
Authors: Dogan Ergun , Tang Tuck Cheong
Published: March 2016

This study aims to determine the direction of causality between national income and government expenditures for Indonesia, Malaysia, Philippines, Singapore, and Thailand. Granger causality tests are used to investigate the causal links between the two variables. Times series data covering last four decades are used. Support for the hypothesis that causality runs from government expenditures to national income has been found only in the case of Philippines. There is no evidence for this hypothesis and its reverse for the other countries.
Modeling Creativity For The Multinational Firm
Authors: Gabberty James W. , Thomas Jennifer D. E.
Published: March 2016

Much has been written about the proliferation of the modern multinational corporation (MNC) as a primary driver of globalization [Bhagwati, 2004; Rugman and Verbeke 2004; Wolf. 2004]. A common theme shared by all MNCs expanding into foreign markets is the notion of how best to manage the knowledge assets of the firm from all perspectives in order to achieve maximum performance while concomitantly increasing the ability of the firm to innovate while expanding. This paper examines the processes of idea creation within multinational corporations in parallel with the role that information and communication technology (ICT) plays as a driver of that innovation.
International Diversification And The Cost Of Capital: Is More Necessarily Better?
Authors: Waldron Darryl G.
Published: March 2016

This study examines the extent to which international diversification is a statistically significant predictor of the cost of capital among S&P 500 firms. Existing research concerning the diversification discount suggests that the financial markets have become enamored with the idea that more tightly focused firms tend to be more profitable and, as a consequence, worth more. Of interest here is the extent to which this same line of reasoning (i.e., less diversification is better) holds for international diversification. The argument put forth here is that while international diversification may indeed be an avenue to higher sales and earnings, this may not be enough to enhance the market value of the firm because unless the additional profit yields a return on invested capital above the firms cost of capital, and unless that margin is adequate to satisfy existing investors and to attract new capital, the market value of the firm will decline. To fully understand the likely consequences of broader international diversification or, correspondingly, a tighter strategic focus, one must understand how such diversification is apt to affect the firms cost of capital. This study uses Herfindahls index of concentration to measure the degree of international diversification among the S&P 500 firms and this measure is subsequently regressed on the cost of capital. What distinguishes this research is its focus on the relationship between a firms level of international diversification and its cost of capital, a strategically important construct that has been virtually ignored in the literature.
Consumer Diversity In Multicultural Arenas: An Investigation Of Social Influences Between Asians And Westerners
Authors: Kongsompong Kritika
Published: March 2016

The impact of peoples orientation with regard to Collectivism/Individualism and to Locus of Control on the extent to which they are subject to social influence has never been investigated cross culturally in the context of consumer behavior in making purchasing decisions. The objective of this research is to compare the cultural orientations of people in the East and West, and to observe the effect of social influence in their decision making. In particular, this paper examines and adds evidence to the mutually exclusive cultures: Singapore, Thailand, Australia, and America. Hofstedes typology of cultures is reconfirmed and empirically associated with specific social influence variables on decision making. The findings provide either whole or partial supports for the hypotheses. In general, high collectivism is positively related with external locus of control and results in high level of social influence. There are exceptions, however, which highlight the need to incorporate other factors into understanding the role that cultural orientation plays in decision making.
Pattern Of Short-Term Volatility Accentuation Within The Trading Day: An Investigation Of The U.S. And European Equity Markets
Authors: Ozenbas Deniz
Published: March 2016

Trading friction leads into accentuated stock price volatility over the short term. As such, short-term accentuated volatility can be viewed as symptomatic of a market with increased inefficiencies in the price discovery process. If price discovery is marked by price swings, runs and reversals, then short period (intra-day) volatility is heightened in that market. In this study, we use return series with various differencing intervals that are as short as half-hour and as long as two weeks to investigate the short-term volatility accentuation in five different equity markets: the Nasdaq Stock Market and the New York Stock Exchange in the US, and the London Stock Exchange, Deutsche Boerse and Euronext Paris in Europe. In all these markets, we investigate the individual stocks that make up a major index during the calendar year 2000. Variance-ratio statistics are employed to investigate the quality of these five markets. Results confirm an intra-day reverse J-shaped pattern of half-hour volatility in these markets. The evidence also suggests an accentuation of volatility during longer periods, such as 24-hour intervals. This accentuation appears to subside when we extend our differencing interval to longer periods such as one-week or two-week returns.
Benchmarking: An International Comparison
Authors: Tower Greg , Ridgewell Brenda
Published: March 2016

The study examines the impact of national research assessment exercises for the accounting and visual arts disciplines. Analysis is also made of the impact of a national research quality assessment exercise of New Zealand and UK initiatives (Tertiary Education Commission. 2004; RAE, 2001) and well as the proposed Australian RQF (2005). We find that whilst the definition of research is broad enough to include most of the activities of accounting and finance, and visual arts academia the actual measures of research performance may be problematic. The need to clearly demonstrate quality peer review is the largest hurdle especially for visual arts academics with their individualist and independent mindset. Whilst visual arts and, accounting and finance academia research performance activity was ranked low in both the UK and NZ, we conclude that that the focus on output quality and peer assessment offers a potentially broader and more accurate depiction of activity. Obtaining a balanced broader assessment of both traditional performance measures such as research publications of accounting and finance along with the more creative elements of visual arts such as exhibitions is paramount. We also make a call for more research training for both disciplines to assist them in the recognition of quality research productivity.
IT Leadership In A Global Environment: An Analysis Of Critical Success Factors And Software Engineering Best Practices In Context Of India
Authors: Singh Sanjay , Mahadevan Karthik
Published: March 2016

Over the past few years, the IT landscape has changed dramatically to facilitate new entrants from emerging economies in the global market. Some nations such as India and China are poised to emerge as IT superpowers in the years to come. In this paper, we attempt analyze some of the critical success factors (CSF) that facilitate the development of IT leaders. Taking India as an example, we explore CSFs like educational system, governmental policies, infrastructure and entrepreneurial activities that are necessary for creating and fostering IT leaders. We conclude by describing the best practices for implementing software engineering projects in an offshore environment.
Macroeconomic Shocks In The Cypriot Economy And The Emu-Area Countries
Authors: Tsoukalas Dimitrios
Published: March 2016

This study analyzes macroeconomic shocks in Cyprus and the EMU-area from the beginning of 1990 to the end of 2004. We examine the relative importance of aggregate demand and supply shocks along with money, in explaining short-run real output fluctuations. The empirical results for the analysis are obtained by using the framework of structural vector autoregression model (SVAR). The structural impulses in the VAR model are defined as shocks in aggregate demand, aggregate supply and money growth. Results indicate that shocks in AD, AS, the money growth are all sources of macro shocks in Cyprus and the EMU-area.
Planning Of Educational Systems Type Sinppe
Authors: Kuri Carlos Miguel Barber
Published: March 2016

Large quantities of educational offers are limited, therefore, opportunities forecasted in an academia - administrative organization have not been responded to according to the demand registered in the few last years. The fact that not everyone agrees on what is to be done has placed a lot of private schools in Mexico and Latin America in a delicate situation, with the latent risk of being closed. The presentation of this case is an example of maturity, heroism and commitment of a group of religious directors and founders of schools in Mexico, the USA and South America, who have been able to face these situations successfully during a critical moment of their institutional life. The problem needs to be addressed in three stages: the administrative, academic and organizational, which have been able to visualize the problem as an interrelated group that is totally dependent. The obtained results are the six year-old product systematized on the part of the whole educational community of this institution as well as their directors, personal founder and the education team who presented the results in the doctoral dissertation concerning this problem.
The Exchange Value Of The Dollar And The U.S. Trade Balance: A Partial Equilibrium Empirical Investigation
Authors: Adrangi Bahram , Allender Mary , Raffiee Kambiz
Published: March 2016

The recent depreciation of the dollar against major currencies of the world, notably the euro, has kindled discussion on the causes of this phenomenon and the possible outcomes should it continue. Many politicians blame the rising U.S. current account deficit and some economists have questioned the sustainability of the current account deficit. This paper examines the relationship between the U.S. current account balance, the net U.S. international investment position, and the exchange value of the dollar. Our results show that there is a relationship between the exchange value of the dollar and the current account balance. However, our results do not show that the current account balance is solely responsible for changes in the exchange value of the dollar. This is not surprising given the many influences currently under investigation as possible explanations for the recent behavior of the dollar.
The Empirical Evidence Conclusively Supports Global Investing
Authors: Khoroujik Janna , Ahmadi Hamid Z.
Published: March 2016

Although there still exits a sense of uneasiness in the stock market about global investing, the above average rate of returns and steady growth of international companies for the past ten years compels prudent investor to invest abroad. The main goal of this work is to examine the performance of foreign companies and compare their risk-adjusted returns to the returns of the US companies. In this process we selected the foreign companies that have been accepted by our financial market and traded in the US as ADR (American Depository Receipts) in NYSE or NASDAQ. Additionally, we have considered only those ADRs that had high volume and outperformed the industry index. Specifically, this study is going to address whether the performance of a global portfolio meets or surpasses the performance of a diversified domestic portfolio. More importantly the emphasis of this work is to determine whether the global portfolios consistently and significantly outperformed the US equity portfolios. The asset selection and the optimization process applied to domestic and international portfolios are identical to maintain consistency and comparability of the results. For each portfolio we used the 2003-2004 daily observations to optimize allocations and we used the 2005-2006 data to evaluate the performance of each portfolio.
The Impact Of Core Job Dimensions On Satisfaction And Performance: A Test In An International Environment
Authors: Awamleh Raed , Fernandes Cedwyn
Published: March 2016

This study tested core dimensions of the Job Characteristics Model among non-managerial employees at functional levels in United Arab Emirates (UAE) banks. The UAE banking sector was chosen due to its importance in the U.A.E. economy and its significant contribution to the Emirates GDP. The paper examines the effects of core job dimensions on both affective responses represented by satisfaction, and behavioral responses represented by performance. Core job dimensions are skill variety, task identity, task significance, autonomy, and feedback. Data was collected from employees working in national and international banks operating in the UAE. Regression analyses revealed that contrary to expectations, satisfaction was not related to the core job dimensions while performance was. Furthermore, results in this case seem not to support the view that the core dimensions are related to affective responses but not behavioral ones. Evidence suggests that banks in the UAE will benefit by actively looking into the impact of job design and by training their managers to acquire job redesign skills. Furthermore, there might be added value in terms of performance of employees if banks refine the process by which they design tasks and jobs. Moreover, results above are discussed while implications and future research directions are outlined.
Subsidiary Performance In MNCs: The Influences Of Absorptive Capacity And Social Capital On Knowledge Transfer
Authors: Chiang John
Published: March 2016

Multinational corporation (MNC) subsidiaries have become more closely linked to globalized business networks. The rapid technological changes are accelerating globalization, these changes have forced producers to constantly upgrade their process technologies, introduce new products and reduce costs to increase profits. Subsidiary performance is at the core of increased profits for MNCs. Accordingly, this research focuses upon subsidiary performance regarding three key contingencies that current international business literature deems likely to impact the bottom line: absorptive capacity, knowledge transfer and social capital. Unique data from more than 300 MNCs with locations in China, Japan, Malaysia, Singapore, South Korea and Taiwan were collected and analyzed. Findings suggest that concentrating on these three factors in subsidiaries knowledge environment could improve MNCs overall performance.
Pareto Improvements To Free Trade In An Infinitely Repeated Dynamic Game
Authors: Green Gregory G. , Landrigan Michael
Published: March 2016

In an infinitely repeated intraindustry trade game governments improve on the static prisoners dilemma outcome of the Brander and Spencer (1985) trade policy. When firms collude as joint monopolist governments reach the Pareto frontier of their feasible and individually rational set (FIRS) using a policy of free trade. Free trade and collusion will place firms on the Pareto frontier of their effective feasible and individually rational set (EFIRS). Without collusion free trade forces governments and firms inside their respective FIRS and EFIRS. We demonstrate that without collusion governments return to the Pareto frontier of their FIRS only when taxing exports.
Selecting The Appropriate Artificial Neural Network To Minimize Audit Costs When Assessing The Financial Viability Of Audit Clients
Authors: Etheridge Harlan , Hsu H. Y. Kathy
Published: March 2016

As part of an audit engagement, auditors must assess the financial viability of the audit client (SAS Nos. 58, 59, 96). If the auditor thinks that the client is financially healthy, no action is required.However, if the auditor believes that the audit client will fail within a year from the financial statement date, then the auditor must include explanatory language stating that belief as part of the auditors report.
The Effects Of Macroeconomic And Policy Uncertainty On Exchange Rate Risk Premium
Authors: Martin Juan Angel Jimenez , Urrea Rodrigo Peruga
Published: March 2016

The goal of this paper is to identify the main determinants of the risk premium in some European currency markets just before the EMU. To that extent, we start from Lucas (1982) exchange rate model and derive an analytical expression for the forward premium. This expression includes money and production variables and it is quite standard, except for the inclusion of macroeconomic policy risk. Under some standard assumptions, this formula simplifies substantially and becomes amenable to regression analysis. Then, using standard measures of money and production, as well as interest rate swaps as indicators of macroeconomic policy risk, the theoretical expression is estimated. We provide evidence suggesting that it is policy uncertainty, much more than fundamental macroeconomic uncertainty, which determined risk premium over the convergence process to the euro. Whether these results can be extended to similar experiences for other currency unions remains open for future research.
The Impact Of HIV/AIDS On International Human Resource Management
Authors: Baxter Susan
Published: March 2016

Economies of global scope afford businesses a competitive advantage. One way to utilize this advantage is to coordinate the leveraging of resources especially labor. Businesses have attempted to minimize labor costs and risks in an effort to maintain or increase competitive advantage. There is a risk to the global workforce: HIV/AIDS. This disease is striking at the heart of low cost labor pools. The impact on business is being felt now and will be felt for years to come. How large the impact is depends on the level of involvement of multinational businesses in the fight against HIV/AIDS. Multinational businesses must develop policies and procedures to combat this illness, as it is devastating labor pools in various parts of the world.
Labor Migration And Rural-Suburban Symbiosis In Igbo Society
Authors: Polimeni Raluca Iorgulescu , Polimeni John M. , Onyeiwu Steve
Published: March 2016

Two southeastern Nigerian villages were surveyed to study labor force migration in a traditional African society. A binary logit model was used to examine paid work differences between males and females in both Umuluwe (the ancestors village) and Obigbo (a suburban village) and paid work differences between the residents in the two villages. The results show a strong correlation between education and employment; and between education and the likelihood of migration to Obigbo. We found that each village plays its own symbiotic part in terms of economic activity, life stages of the villagers, and gender roles.
Selection Of A Currency Regime For Palestine
Authors: Armstrong Vaughn S. , Boyd Cody G. , Gardner Norman D.
Published: March 2016

This case deals with currency regimes, currency value and exchange rate management. It is presented in the context of a hypothetical decision regarding the currency for a future Palestinian state.
The Market Valuation Of Earnings In Germany, The United Kingdom And The United States
Authors: Myring Mark , Shortridge Rebecca Toppe , Wrege William , Chester Adlai
Published: March 2016

This paper examines a short-term market reaction to unexpected earnings in the United Kingdom, Germany, and the United States. The results indicate that all three markets react quickly to earnings releases. Further, when changes in analysts forecasts are used as an indication of updated earnings expectations, all three markets respond as well. Thus, it appears that investors in both countries react to the release of unexpected earnings in a similar manner. We also examine the incremental explanatory power of analysts forecast errors over the change in earnings per share. As all three countries have well developed stock markets, investors are likely to formulate earnings expectations based on a wide range of financial and non-financial information, including analysts forecasts. Regression results indicate that in Germany, the UK and the US, both analysts' forecasts and earnings announcements are jointly associated with market returns suggesting that the analysts provide information incremental to that provided in earnings releases.
A Strategy For Innovation Development Of Service Business For Older Persons
Authors: Veerayannon Kietchai
Published: March 2016

The objective of this research is to present a strategy for innovation development of service business for older persons. The research is a qualitative research. The researcher had planned and studied from the related topic documentary, in-depth interview and focus group. From the research findings, the researcher presented a model of service business for older persons called PARADISE. It is a peaceful and private residence located among nature and equipped with physical facilities for aging people to live happily as well as some recreational activities for entertainment. This place also builds a warmth-hearted society and good environment for aging people to feel free and cheerful in their living. In addition, a strategy called FINALE-HOME would lead the service business for aging people to be successful through a significant factor of good management.
Advantages And Shortcomings Of Korean Chaebols
Authors: Park Hong Y. , Shin Geon-Cheol , Suh Sung Hahn
Published: March 2016

The prevalent form of business organizations in Korea is a chaebol. The chaebol is a diversified conglomerate. This paper addresses the following issues concerning Korean chaebols: 1) reasons for diversification, 2) advantages and shortcomings of chaebols, 3) issues facing Korean chaebols, and 4) chaebols managing the crisis and making reforms. We found that Korean chaebols managed to learn from the economic crisis and made successful reforms.
Taylor Rule And Inflation Targeting: Evidence From New Zealand
Authors: Ftiti Zied
Published: March 2016

New Zealand has the longest experience in inflation targeting. This policy was announced on March 4th 1989 and was put into action on February 1st 1990. In addition, New Zealand has the most clearly defined target and policy framework for achieving it. Thus, in order to conduct this policy, Taylor (1993a) defined an instrument, which is called Taylor rule. This rule applied to the US economy becomes a reference for all subsequent studies, which look for the rule or the instruments to conduct an inflation targeting policy. The New Zealand reserve bank (NZRB) has focused rather more strongly than the Federal Reserve Bank (FED) on price stability. So, we show that the Taylor rule with standard parameter didnt reflect the behaviours of the NZRB. In this paper, we try to find the best instrument, which reflects the behaviour of the RBNZ. The methodology of our paper consists in comparing some rules, like Traditional Taylor rule (TTR) and some style rules, which are different. Our methodology consists to select the best rule using both the Fisher test and the information criteria. The estimation methods depend on the result of the exogeneity, autocorrelation and heteroscedasticity. We find three important results. We show that the TTR with standard parameter used in the US doesnt describe New Zealand monetary policy. Therefore, we show that the best rule, which reflects the behaviour of the NZRB, is a forward-looking rule. Finally, an important result, which we interpreted with some discretion, that the exchange rate must be included in the rule.
Health Care System Financing And Design: Convergent Trends In North America And Europe
Authors: Holstein Adora , Litzinger Patrick
Published: March 2016

A study of the evolution of health care systems in Canada and Europe shows that the earlier effort at making health care services available to everybody was followed by reform measures focused on cost containment. In the U.S., the rapid rise in health care cost and low access are widely recognized as twin problems. Health care reform in this country first focused on cost containment through managed care to make health insurance affordable, and then shifted to expanding access to coverage at the state level without doing away with the private health insurance market.
The Politics And Political Implications Of Oil And Gas Exploration In Africa: An Analysis Of American Oil Corporations In Nigeria
Authors: Adams Michael , Osho Gbolahan , Coleman Quonna
Published: March 2016

This study will identify the extent in which American oil companies make billions daily from oil production, while local Nigerians suffer daily from poverty. The focus of this research will be on the population of Niger Delta, Shell Oil Company and the Nigerian government. I will define and establish an illustration of the poverty-structured environment that surrounds Niger Delta and the revenue success of Shell Oil Company and Nigerias government. This research will open the eyes of American oil companies, Nigerias federal government and people around the world to the revenue that is coming into Nigeria, but the communities are still living in poverty. Something needs to be done; if something is not done, some the people of Niger Delta will continue to retaliate.
An Investigation Of The Comparative Accuracy And Bias Of Equity Securities Analysts East And West European Firms Earnings Forecasts
Authors: Djatej Arsen M. , Sarikas Robert H. S. , Senteney David L.
Published: March 2016

This research investigates the comparative accuracy and bias of West European and East European firms equity securities analysts earnings forecasts for 29 European countries 12 of which are characterized as being East European. We utilize measures of equity securities analysts earnings forecast accuracy and bias in making comparisons of the statistical properties of earnings forecasts for firms having domiciles in East European and West European countries. Our results indicate that securities analysts earnings forecasts for companies domiciled with East European countries display larger forecast error and greater degree of optimistic forecast bias. Our results persist after controlling for cross-listing of ADRs on US securities exchanges. We generalize our results using the growing literature on the ever-changing characteristics of the Russian people, Russian business professionals and the rapidly evolving Russian stock market and the transitional Russian political economy.
Perceptions Of Corruption In Central Asian Countries
Authors: Swartz Brenda , Wadsworth Frank , Wheat Jerry
Published: March 2016

Property rights are a basic tenant of a free market economy, and when these rights are in jeopardy from crime and corruption,a free market system falters. The European Bank for Reconstruction and Development (EBRD) and theWorld Bank have developed a methodology to study transition economies. The Business Environment and Enterprise Performance Survey (BEEPS II 2002) has gathered on a variety of topics from23 transition economies. This paper uses the BEEPS data to examine the perceptions of Corruption and State Capture in Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan.
Do Modern Japanese Inventory Methods Apply To Hong Kong?
Authors: Landry Steven P.
Published: March 2016

The ability to achieve higher standards of productivity without sacrificing quality is an important goal of a manufacturing firm. A primary reason offered to explain Japanese firms successes has been the dominant role of the use of the Just-In-Time (JIT) operational philosophy (Mehra & Inman, 1992). If successfully implemented, JIT reduces inventory and ultimately results in reduction in manufacturing costs along with improvement in profitability (James, 1994). There are three main manufacturing objectives for JIT (Suzaki, 1987). One is increasing the organization's ability to compete with rival firms and remain competitive over the long run. JIT allows companies to develop optimal processes for manufacturing their products. A second is increasing the degree of efficiency within the production process. JIT allows greater level of productivity and minimizes the associated costs of production. The third is reducing the level of wasted materials, time, and effort involved in the production process. Elimination of unnecessary waste can significantly reduce costs of production. Much of the literature concerned with the implementation of JIT deals specifically with elements that are crucial to successful implementation (Karen & Anthony, 1993). This study looked at three of those elements; namely, management commitment, JIT production strategy, and JIT vendor strategy. If these "critical" elements are not present, the potential level of JIT implementation may be low. The Hong Kong electronics/electrical manufacturing industry was chosen as the context for this study. A survey questionnaire based on the three main prerequisites of JIT implementation was developed and sent out in order to investigate whether JIT implementation could be carried out in Hong Kong. Both inferential analysis and descriptive analysis were used to interpret the results. The study found (1) No significant relationship existed between management commitment and the potential level of JIT implementation, and (2) A significant relationship did exist between JIT production strategy and JIT vendor strategy and the potential level of JIT implementation.
The Ranking Of Terminal And Instrumental Values By Working Professionals In Thailand, Singapore And The United States: What Is Important And How Do They Impact Decision-Making?
Authors: Limthanakom Natcha , Lauffer William , Mujtaba Bahaudin G. , Murphy, Jr. Edward F.
Published: March 2016

The purpose of this study is to explore gender and cross-cultural gender differences with respect to individual values. This study will fill a gap in the research literature as few studies have explored male and female value differences in Thailand and few have explored sex differences between eastern values as compared to western values in the United States and another eastern nation, Singapore. An understanding of the attitudes, cultures and values in other countries becomes particularly significant given current globalization trends. Furthermore, researchers also need to understand different demographics to better anticipate the impact of socio-demographic variation in cross-cultural investigations.
A Strategic Model Of European Gas Supply
Authors: Kalashnikov Vitaly , Kalashnykova Nataliya
Published: March 2016

Structural changes in the European natural gas market such as liberalization, increasing domestic demand, and increasing import dependency have triggered new attempts to model these markets accurately. In this paper, we propose an exhaustive model of the European natural gas supply including the possibility of strategic behaviour of the agents along the value-added chain. We structure it as a two-stage-game with natural gas exports to Europe (first stage) and wholesale trade within Europe (second stage). The case of non-cooperative Cournot competition at both stages proves to be the most realistic scenario. The results of the perfect competition and cartel scenario are also presented. Our results suggest that the main suppliers of natural gas to Europe (Russia, Algeria, the Netherlands, Norway) remain dominant, but that they are complemented by overseas supplies of liquefied natural gas (LNG). The model also enables us to identify transport infrastructure bottlenecks where transport capacity constraints are binding.
The Impacts Of CEO Turnover & Degree Of Internationalization On The Accuracy Of Analyst Forecasts
Authors: Bernard Marc R.
Published: March 2016

This study analyzes the impact of CEO turnover on the accuracy of analyst forecasts. Specifically, it examines the level of information that becomes available to analysts covering firms with different levels of internationalization, a proxy for firm complexity, during periods surrounding these events. After controlling for analyst and firm characteristics, along with regulatory period variables, this study finds that the accuracy of analyst forecasts improves in periods immediately following the turnover event. Results further indicate that the accuracy in the post-turnover period is greater for firms with lower levels of internationalization. In general, these findings are consistent with prior research describing the improvement of forecasts surrounding the CEO turnover event, the positive link between forecast accuracy and company disclosures, and finally, the negative link between analyst forecast accuracy and the complexity of the forecasting task.
Effects Of Social Networking Sites (SNSs) On Hyper Media Computer Mediated Environments (HCMEs)
Authors: Cho Yoon C.
Published: March 2016

Social Networking Sites (SNSs) are known as tools to interact and build relationships between users/customers in Hyper Media Computer Mediated Environments (HCMEs). This study explored how social networking sites play a significant role in communication between users. While numerous researchers examined the effectiveness of social networking websites, few studies investigated which factors affected customers attitudes and behavior toward social networking sites. In this paper, the authors investigated what factors affected overall attitudes toward social networking sites and user satisfaction. This study found that users attitudes toward social networking sites significantly affected their e-satisfaction. The findings of the study will contribute to the development of the satisfaction theories by applying them to users attitudes toward social networking systems. Further, the study provides implications and offers suggestions to e-businesses dealing with social networking systems.
A Conspectus Of Job Satisfaction: A Cross-Cultural Analysis Of Mexican And American Employees
Authors: Wagman George R. , Villarreal Joseph R.
Published: March 2016

This study asks employees in the United States and Mexico their perceived feeling of job satisfaction with their employment across service and production industries. The results show unexpected dissimilarities and similarities in the employee responses. Hypotheses based on Hofstedes Individualism (IDV) predicted cultural differences in the two countries would result in a higher perception of workplace satisfaction from employees in the United States than those in Mexico.
A Note On The Effect Of M&A Announcements On Stock Price Behavior And Financial Performance Changes: The Case Of Arab Malaysian Bank Berhad And Hong Leong Bank Berhad
Authors: McGowan, Jr. Carl B. , Sulong Zunaidah
Published: March 2016

This study examines the effect of M&A completion announcements on the stock price behavior for two anchor banks in Malaysia: Hong Leong Bank Berhad and Arab Malaysian Bank Berhad. The analysis uses the event study technique, the Nave Model, a model that is based on Market Model with constrained ? = 0 and ? = 1 to compute the abnormal returns surrounding the M&A completion announcement date and to evaluate the effect of M&A completion announcement on the banks return. The results from event study show that the M&A completion announcements are treated as positive information by the market.
Estimating Time-Varying Capital Market Integration In The EMU
Authors: Mittoo Usha R. , Rakhmayil Sergiy
Published: March 2016

This paper analyzes the effect of the European monetary unification and economic liberalization in a sample of three EMU (France, Germany, Netherlands) and two non-EMU (U.K. and Switzerland) countries, as well as the European market index and a currency index, using data from March 1984 to November 2002. We utilize a multivariate GARCH framework and estimate jointly all parameters in the model. The study reveals that financial markets in Europe followed a gradual integration process. We also find that the Euro countries generally display higher degrees of market integration compared to the non-Euro countries in our sample.
Authentic Leadership As The Promising Link Between Western And Eastern Management Practices: The Case Of Slovenian Company
Authors: Peterlin Judita , Penger Sandra , Dimovski Vlado
Published: March 2016

This paper outlines the theory and practice of authentic leadership in learning organization as the modern managerial concept in the role of the promising link between Western and Eastern management practices. The aim of the study is to present and explore the authentic leadership in learning organization in Slovenian business environment. Another purpose of the paper is to design and examine a model of authentic leadership in learning organization. The main thesis of this paper is that authentic leadership in learning organization enables the prevention of clashes between Western management in Eastern reality. We claim that authentic leadership in learning organizations need to be developed in order that Western and Eastern management can learn more effectively and consequently transfer knowledge with the aim of avoiding conflicts, frictions and paradoxes in CEE management. In the paper the explanatory case study research method will be used.
Service Quality And Its Impact On Customer Satisfaction: An Empirical Evidence From The Pakistani Banking Sector
Authors: Naeem Hummayoun , Akram Asma , Saif M. Iqbal
Published: March 2016

This comparative research was designed to investigate the impact of service quality on customer satisfaction in the Pakistani banking sector. Hypothesis developed for the study was higher level of service quality leads to higher level of customer satisfaction. A sample of two hundred respondents, (one hundred from a foreign bank and one hundred from a public sector / nationalized bank located in the twin cities of Rawalpindi and Islamabad) was drawn on the basis of simple random sampling. Various constructs of SERVQUAL model developed by Zeithaml and Bitner (1996) and five point customer satisfaction tool developed by Taylor and Baker (1994) were adopted and used for data collection. Data were analyzed through SPSS version 14. Results of the regression analysis indicated that service quality was proved to be a strong predictor of customer satisfaction in case of the foreign bank with the R2 value of 0.644 accepting research hypothesis and rejecting null hypothesis as compared value R2 of 0.156 that does not support the research hypothesis in case of public sector bank. The study concluded that service quality, if managed effectively, can contribute significantly towards customer satisfaction.
Rate Your Firms Budgeting Leadership
Authors: Finn Don W. , Munter Paul , Collins Frank
Published: March 2016

The purpose of this manuscript is to relate the findings of a recent research project that studies the issues of leadership styles and budget and to provide the reader with a means of conducting a self-assessment of their organization.
An Empirical Investigation Of Managers Perceptions Of Published Financial Research
Authors: Gudikunst Arthur C. , Kleiman Robert T. , Shulman Joel M.
Published: March 2016

In recent years a number of noted academicians have commented upon the divergence between financial theory and practice. This study analyzes the responses of chief financial officers to a survey questionnaire concerning the current state of published financial research. The results of the survey suggest that practitioners believe that academic journals are too long, overly quantitative and less readable than a selected group of professional journals. The paper also discusses the need to close the gap between the academic and professional communities.
Halting Computer Crime And Abuse: Managements Newest Challenge
Authors: Forcht Karen A. , Pierson Joan , Bauman Ben
Published: March 2016

As computers enter the business environment with increasing regularity, their introduction is also coupled with paramount abuse. This paper explores the profile of the typical computer criminal and describes some of the most commonly used methods for violating a computer system. Included in the discussion are: data diddling, Trojan horse, salami technique, superzapping, trapdoors, logic bombs, synch attacks, scavenging, data leakage, piggybacking or impersonation, wiretapping, manipulation, and viruses.
Book Review: Cabells Directory Of Publishing Opportunities In Business And Economics
Authors: Vidulich Barbara
Published: March 2016

Book Review: Cabells Directory Of Publishing Opportunities In Business And Economics
Modeling A Patient Headache Care Education System (PHCES) Using Software Reuse Model And An Alternative Approach For Patients Education
Authors: Khatri Anil
Published: March 2016

The research goal in our study of instructional medical information systems tools is to improve the performance of patient decision making by integrating medical professional information with computer augmented information. In part, this goal may be reached by cost-effective software development with validated reusable PCESs object design models, object oriented approach for product line (family of products) and with the help of a valid PHCES derived from these models.
A Rapid Flow Of Emerging Business Technologies And Their Effects On Modern Companies Through BBM With Reference To Changing Business Patterns
Authors: Kolachi Nadir Ali , Wajidi Abu Zar
Published: March 2016

Technologies of different shapes have got much speed from 1960 to present. In 1970, the computer technology brought lots of accelerated modes of business when the faster calculations and saving data became possible. It further innovated the big information systems after 1985 when the manual work started to be converted into computerized means as computer based information systems. But one thing brought various solutions to the business and that is the miraculous advent of Internet after 1992.An Internet is one of the biggest emerging business technologies which has facilitated the business platform in much faster and flexible standards. Due to this technology, the business is advanced at an exponential rate of making life very easy and guiding to be equipped with other technological wonders that are not only doing business but increasing educational activities, knowledge and coordination through organization to organization and customers to customers. The purpose of this paper is to identify emerging business technologies with special focus on ecommerce and get a sneak peak into internet and information literacy related technologies which will pull e-com any time to millions of people and push business to survive on modern business methods. The study will also focus on emerging business technologies that have emerged through the last decade or so. The study will also focus on strategic approach with reference to changing business patterns by developing BBM (Better Business Model) for modern companies including the significance of the model and its role in business scenario.The paper consists of five main sections: First is about the introduction, concept and definitions of the topic, Second is regarding the historical perspective of emerging technologies and identification of e-com emerging technologies and their changing phase in the faster pace of information technology and business aspects, Third focuses on the model of e-com and computer technology development. Fourth is followed by the conclusions, recommendations, research methodology, references and bibliography.
Inexpensive Intelligence Using Procedural Propositional Logic
Authors: Hicks Richard C. , Wright Keith
Published: March 2016

Implementations of inference engine systems invoke many costs, including the cost of the inference engine itself, the cost of integrating the inference engine, and the cost of specialized personnel needed to create and maintain the system. These costs make a very high return on investment a criterion for incorporating these systems into the corporate portfolio of applications and technologies. Recently, the No Inference Engine Theory (NIET) [8] has been developed for creating procedural propositional logic rule-based systems. The NIET systems are implemented in traditional procedural languages such as C++ and do not need an inference engine or proprietary languages, thus eliminating the cost of the inference engine, the cost of integrating the system, and the cost for knowledge of a proprietary language. In addition, these procedural systems are an order of magnitude faster [8] than inference systems and maintain linear performance. For problems using propositional logic, the procedural systems described in this paper offer dramatically lower costs, higher performance, and ease of integration. Lowering the external costs and eliminating the need for specialized skills should make NIET systems more profitable and lead to the wider use of propositional logic systems in business.
Level Of Customization Of Twenty American Companies To Spain
Authors: Bello Teresa Lazcano
Published: March 2016

The aim of this study is to demonstrate if American companies are culturally customizing their websites to the Spanish market and how effectively they are doing it. There are five levels of web customization: standardized, semi-localized, localized, highly-localized, and culturally customized websites (Singh and Pereira, 2005.) How do 20 American companies customize their websites for the Spanish market? The findings of this study is the starting point from many companies that actually operate in the Spanish market.
Approaches To Electronic Health Record Implementation
Authors: Gupta Vipul , Murtaza Mirza B.
Published: March 2016

During last few years, healthcare organizations have been increasingly focused on implementation and use of electronic health records. This article identifies the benefits and challenges in implementing electronic health records utilizing service-oriented architecture. The paper also explores the potential of service-oriented architecture in the development of interoperable electronic health records.
The Partnership Of EDGAR Online And XBRL - Should Compustat Care?
Authors: Tallapally Pavani , Luehlfing Michael S. , Motha Madhu
Published: March 2016

Until EDGAR Online began operational, Compustat was (arguably) the only provider of financial statement information with accompanying database development capabilities. While EDGAR Online has received relatively little attention in the literature to date, we posit that the use of Edgar Online could flourish given the recent XBRL (eXtensible Business Reporting Language) reporting mandate of the SEC (Securities and Exchange Commission). In this regard, we identify the differences between Compustat and EDGAR Online in terms of data presentation as well as database development capabilities and product pricing. Our results suggest that differences exist between data presentation, database development capabilities as well as product pricing. In turn, we believe that such differences may facilitate EDGAR Online's competitive position with respect to Compustat.