bluuebunny/crossref_metadata_2025_split huggingface dataset:
New and young firms
Authors: Pickernell David , Senyard Julienne , Jones Paul , Packham Gary , Ramsey Elaine 
Published: May 2013

PurposeThe purpose of this paper is to investigate whether new and young firms are different from older firms. This analysis is undertaken to explore general characteristics, use of external resources and growth orientation.Design/methodology/approachData from the 2008 UK Federation of Small Businesses survey provided 8,000 responses. Quantitative analysis identified significantly different characteristics of firms from 0‐4, 4‐9, 9‐19 and 20+ years. Factor analysis was utilised to identify the advice sets, finance and public procurement customers of greatest interest, with ANOVA used to statistically compare firms in the identified age groups with different growth aspirations.FindingsThe findings reveal key differences between new, young and older firms in terms of characteristics including business sector, owner/manager age, education/business experience, legal status, intellectual property and trading performance. New and young firms were more able to access beneficial resources in terms of finance and advice from several sources. New and young firms were also able to more easily access government and external finance, as well as government advice, but less able to access public procurement.Research limitations/implicationsNew and young firms are utilising external networks to access several resources for development purposes, and this differs for older firms. This suggests that a more explicit age‐differentiated focus is required for government policies aimed at supporting firm growth.Originality/valueThe study provides important baseline data for future quantitative and qualitative studies focused on the impact of firm age and government policy.
Reframing for global sustainability
Authors: Rauch Herbert 
Published: May 2013

PurposeThis paper aims to encouragediscourse concerning a“sustainable societal system”, proposing S.E.E.D. (=Secure‐base Earth Equilibrium Development). S.E.E.D. outlines a possible transition to a viable future civilisation, a realistic eco‐social turnaround, a “taming” (i.e. a cultivation) of the market with regard to the changed context (“nature”, ecosystem). Thus, it can become a key point for “sustainable global citizenship”; and alleducational effortsin this direction are demanded.Design/methodology/approachThe design/methodology/approach is along the main components of the model of “Synoptics”, i.e.systemic social analysesusing so‐called “objective hermeneutic methodology”. This outline is the short version of the complete text of an ESD memorandum on S.E.E.D. (Vienna, 2012), which comprises approx. 200 pages; thus it has had to be very condensed.FindingsFor moving towards a sustainable global societal system, a “transitional phase” is needed. One possible transition model is S.E.E.D. Further deliberation about our future social architecture as well as some immediate and critical steps are urgently needed and are to be encouraged; this text merely aims to be an incentive.Research limitations/implicationsHermeneutics can only deepen the understanding of social systems. It recognizes thedifference in relation to“science” – based on the “reproducibility of situations” (replication) and therefore the possibility of a methodology by “replicable experiments”, which are not (yet) possible in the social realm.Practical implicationsThis article aims to deepen theunderstanding of the “whole”of a social structure – as a system – and it outlines an alternative social architecture (S.E.E.D.) for the next (transitional) historic phase. The crucial factors for a “context‐appropriate change” areeducation(which has to become both more and more multicultural and have a global perspective at its core) and themedia(where all its instruments – new and old – are very important).Social implicationsThis social architecture (S.E.E.D.) aims towards intensifying the political discourse for ademocratic political transition. It can be first envisaged for European states, respectively, within the EU (and finally worldwide). This outline might be useful forpedagogic purposesas well. If climate knows no boundaries, then why should modern teaching endeavours be limited to national boundaries?Originality/valueThis paper's originality/value lies in promoting the discourses with regard to concrete proposals for a sustainablesocial “architecture”with some utopian component parts still remaining today.
Performance evaluation of Islamic mutual funds relative to conventional funds
Authors: Ashraf Dawood 
Published: May 2013

PurposeThis paper seeks to review and extend previous research on the performance of Islamic mutual funds (IMFs) by evaluating the relative performance of IMFs and conventional funds during the global economic crisis in the context of the Saudi Arabian capital market.Design/methodology/approachThis paper compares the market timing and stock selection abilities of 159 mutual funds listed on the Saudi Arabian stock market from 2007 to 2011 by using the CAPM regression and Treynor and Mazuy models. The paper addresses the benchmark problem from which most prior IMFs studies suffered by using appropriate regional benchmarks. As a robustness check, coefficients of IMFs and conventional funds are compared by using the differences in mean and standard deviation analysis obtained from the standard CAPM model on individual funds.FindingsThe empirical results show evidence of better performance of IMFs relative to conventional funds during periods of economic crisis. In addition, although there is no evidence of relative superiority in market timing ability, managers of IMFs appear to have better stock selection ability during times of economic crisis.Research limitations/implicationsThe combination of superior stock selection ability of IMFs and the negative market timing ability of conventional funds suggest that IMFs offer better hedging opportunities for investors during periods of economic downturn.Practical implicationsThe findings of this paper suggest that IMFs can provide hedging benefits during adverse economic conditions – an issue of great importance due to the current and forecast insecurity surrounding the global capital markets. By holding a portion of their investment portfolio in IMFs, investors can experience a higher degree of confidence in terms of investment security, growth and returns. Similarly, managers of conventional funds can improve risk adjusted performance by following similar screening criteria as IMFs during economic slowdowns.Originality/valueThis paper represents the first comprehensive study on the comparative performance of Islamic and conventional mutual funds during the current financial crisis by including all fund managers listed on the Saudi Arabian stock market. The paper extends the knowledge of the emerging literature of Islamic finance and mutual fund performance.
Sport and emerging capital markets: market reaction to the 2022 World Cup announcement
Authors: Abuzayed Bana 
Published: May 2013

PurposeThe purpose of this paper is to examine how the announcement of the mega sport event of the 2022 FIFA World Cup affected the stock market return and volatility for the hosting country (Qatar) and other economically related countries (United Arab of Emirates, Bahrain, Kuwait, Saudi Arabia and Oman).Design/methodology/approachThe paper includes empirical analysis in which data from the Qatar Stock Market as well as a sample of economically connected markets are collected for the period of 2010 and 2011 and analyzed to examine if mega sport events influence stock market return and volatility. Two testing methodologies are used in this study, event study as well as GARCH and EGARCH models. Additionally, sector effect is considered to examine if mega events can affect sectors' returns in different levels.FindingsThe study found evidence of abnormal market return in the hosting country; in particular, the service sector is the most affected sector. However, it failed to find any evidence of abnormal return for the rest of selected Gulf Cooperation Council (GCC) countries. On the other hand, no significant volatility effects were found.Originality/valueThis paper's originality lies in suggesting that policy makers in small economies expecting to host mega events need to work more seriously to promote investments and attract funds from investors and consumers to be able to reap the benefits out of these events – which should exceed the pay associated with improving the infrastructure of less developed markets. Given that Qatar, as well as most of the GCC countries, is planning to diversify their future income, sport may improve the country's reputation and attract external investments to the country.
Performance indicators of banks in a total Islamic banking system: the case of Sudan
Authors: Eljelly Abuzar M.A. , Abdelgadir Elobeed Ahmed 
Published: May 2013

PurposeThe purpose of this paper is to describe the common performance traits of banks operating in a whole Islamic banking system in Sudan. Sudan is among the few economies in which a whole Islamic banking system is in place.Design/methodology/approachNine banks representing the most active and large banks are used as a sample for this analysis. The study applied factor analysis to a large set of financial ratios that are commonly used in financial analysis of banks.FindingsThe study found that six factors are able to explain most of the variation of the financial ratios used in the study. These factors ranked according to the percentage of variation explained are: liquidity risk, coverage, efficiency (utilization), profitability, capital adequacy, and control. The study also tested for the stability of these factors over time and found that both the extracted factors and their loadings are stable over time.Practical implicationsThus, this study provides a reduced set of indicators of performance of Islamic banks that operate in a total Islamic banking system that may be beneficial to a large group of stakeholders and parties that have interest in Islamic banking.Originality/valueThis study provides an opportunity to interested researchers in the area of Islamic banks about an important aspect of a total Islamic banking system, such as Sudan.
Analysis of Islamic banks' financing and economic growth: a panel cointegration approach
Authors: Gudarzi Farahani Yazdan , Dastan Masood 
Published: May 2013

PurposeThis paper seeks to use empirical evidence to examine the role of Islamic banks' financing on economic performance of selected countries (Malaysia, Indonesia, Bahrain, UAE, Saudi Arabia, Egypt, Kuwait, Qatar and Yemen).Design/methodology/approachUsing quarterly data (2000:1‐2010:4), this paper utilizes the panel cointegration approach models framework.FindingsThe results generally signify that, in the long run, Islamic banks' financing is positive and significantly correlated with economic growth and capital accumulation in these countries. The results obtained from the Granger causality test reveal a positive and statistically significant relationship between economic growth and Islamic banks' financing in the short run and in the long run. It also found that the long run relationship is stronger than the short run relationship.Originality/valueThis paper uses empirical evidence to show the effect of Islamic banks' financing on economic growth of selected Islamic countries. To the best of the authors' knowledge, most of the studies in this field have applied the bound testing approach of cointegration, error correction models (ECMs), Auto Regressive Distributed lag (ARDL) and Vector Autoregressive Model (VAR), and the coefficients obtained by these models cannot be deemed as a general finding applicable for other countries. The superiority of this article is in applying the FMOLS model, which has stable and consistent coefficients and is also a dynamic model.
Conserving the heritage in Chongqing by market forces
Authors: Hin Li Ling , Gan Lang 
Published: May 2013

PurposeThe purpose of this paper is to examine the feasibility of adopting a market‐based land use model, Transfer of Development Rights (TDR), which is very popular in America and other countries as a positive land use control mechanism for conservation, in an evolving socialist land economy, namely China.Design/methodology/approachThis paper utilizes a case study approach, supplemented by a cost‐benefit model, to estimate the feasibility of establishing a TDR model in Chongqing, China.FindingsFrom the analysis, it is found that a market‐based land use mechanism can serve to maximize the benefits of all parties and can balance the interests between development pressures and conservation needs. However, this is based on a number of conditions, including: that a well‐developed legal framework should be set up, to clearly delineate property rights; that a good and enforceable planning system should be in place; and that a mature land market mechanism should be developed that allows open market prices to be realized in the trading of development rights.Research limitations/implicationsThis case study is based on a hypothetical situation of one case. More data are needed to support the argument in the future.Practical implicationsConservation is a major concern for the local governments in China, given the recent high speed economic growth. A model that can balance development pressure, while allowing the market to compensate fully for the infringement of property rights in the process of urban regeneration, is worthy of the authority's attention in future policy formulation.Social implicationsThis paper shows that the society as a whole can strike a balance between the need for economic development and conservation of historic sites, provided some conditions can be met.Originality/valueThis paper fulfills an identified need to study the establishment of a market‐based land use model in the conservation policy of land in China.
Road map for application of the HUL approach in China
Authors: van Oers Ron , Pereira Roders Ana 
Published: May 2013

PurposeThis article is an editorial toJCHMSD's Volume 3, Issue 1 and aims to provide an overview to its selection of papers.Design/methodology/approachThe article builds upon a previous editorial on the implementation of the new UNESCORecommendation on the Historic Urban Landscape(HUL). It discusses a research and training programme under development by the World Heritage Institute of Training and Research in Asia and the Pacific (WHITRAP) and Tongji University's Advanced Research Institute for Architecture and Urban Planning, in Shanghai, China, to help determining a strategy for the application of the HUL approach in China.FindingsThe HUL approach facilitates a structuring and priority setting of competing needs and demands for the integration of urban development and heritage management processes, which is perhaps most pressing in the current Chinese context of rapid and large‐scale urbanization. However, its precise meaning, and therefore its merit, is still poorly understood in China due to confusing conceptual foundations and interpretations, primarily related to the terminology of “cultural landscape”.Originality/valueThis research paper outlines a series of pertinent issues and questions as part of a critical path –a “road map”– for the application of the HUL approach, as promoted by UNESCO, in China and it outlines key areas for further research, in particular as concerns the development of a toolkit.
Understanding the application ofKaizenmethods in construction firms in China
Authors: Shang Gao , Sui Pheng Low 
Published: May 2013

PurposeKaizenor continuous improvement is a renowned Japanese management philosophy implemented in many industries all over the world. It is geared towards the everyday worker and management, and aims to continually improve the workplace, even on a small scale. The extent of implementation in China is unknown. This paper seeks to discuss this issue.Design/methodology/approachThis study has the objective of filling a gap by addressing the implementation issues facingkaizenin a project setting, and employs qualitative methods to investigate the application ofkaizenwithin large Chinese construction firms. The material for this study is taken from interviews of 27 Chinese building professionals from 16 large Chinese firms in 2011.FindingsThe interview results indicate that different types of activities associated withkaizenhave been adopted by Chinese construction firms at the project level.Research limitations/implicationsThere are considerable challenges identified in this study. This includes the lack of a supporting culture, compressing schedules, limited resources and especially the lack of professionals with sufficient understanding ofkaizen. In order to put Chinese construction firms in a better position to implementkaizen, this study concludes with a number of strategies for overcoming these challenges.Originality/valueThe respondents' perceptions ofkaizen,as well as its possible applications in real life projects, were sought. In addition, the infrastructure ofkaizenwithin the Chinese construction project setting was also investigated in this study.
The effect of knowledge transfer on firm performance
Authors: Palacios‐Marqués Daniel , Peris‐Ortiz Marta , Merigó José M. 
Published: May 2013

PurposeThis work aims to analyse the effect of a holistic business view, competency‐based management, continuous learning and information technology infrastructure on knowledge transfer and the subsequent effect on firm performance.Design/methodology/approachStructural equation models and a survey of 222 firms from the Spanish biotechnology and telecommunications industries verify the mediator role of knowledge transfer.FindingsThe implications of confirming these hypotheses for managers are that by emphasising the creation of a holistic business view, competency‐based management, promoting continuous learning and improving information technology infrastructure, managers will improve knowledge transfer and positively influence the creation of superior firm performance.Originality/valueIt is shown that in knowledge‐intensive industries, knowledge transfer acts as a mediating variable between a holistic view of the firm, competency‐based management, continuous learning and information and communication technologies infrastructure and firm performance.
The relationship between employee propensity to innovate and their decision to create a company
Authors: Hormiga Esther , Hancock Connie , Valls‐Pasola Jaume 
Published: May 2013

PurposeThe main objective of this paper is to analyze the relationship between employees' propensity to innovate and cultivate entrepreneurial aspirations whilst working within an organization. This paper aims to contribute to a better understanding of this interrelation, reflecting from a theoretical point of view on the factors that influence innovative propensity and entrepreneurial intention of the paid employee working in a public sector organization and studying the role played by the opportunity cost.Design/methodology/approachA questionnaire survey was used to collect data from 149 employees working for a public organization. In order to verify the hypotheses proffered, two multiple regression analyses were undertaken.FindingsThe authors provide evidence that an understanding of the capacity that some employees have towards innovation offers an added tier of information and affords meaningful results. Their findings suggest that there is a positive impact of innovative propensity on entrepreneurial intention, and that it is stronger when combined with lower opportunity cost.Research limitations/implicationsThe study contributes to the field of entrepreneurship being informative for researchers interested in the antecedents of entrepreneurial intention and can also be utilized to further research in the field of human resource management and retention practices within organizations.Originality/valueThis study contributes to the growing empirical literature on entrepreneurial intention from a perspective that has been hitherto largely overlooked: the employee's perspective.
Entrepreneurial and innovative competences, are they the same?
Authors: Santandreu‐Mascarell Cristina , Garzon Dolores , Knorr Helena 
Published: May 2013

PurposeThis paper aims to study competencies between two groups of professionals: employees in innovative companies and entrepreneurs. Therefore the following questions arise: Are these two types of competences the same? Do innovative companies demand an entrepreneurial profile? Are entrepreneurs' companies spontaneously innovative?Design/methodology/approachThis paper analyses personal competences in two different groups of professionals. On one hand the authors work the common characteristics among successful entrepreneurs; on the other, they study the competences that innovative companies demand of their employees. The authors study if there is an overlap between both types of competences, considering that the areas in common may represent a training opportunity for both the entrepreneurs and organizations seeking innovation.FindingsThe authors find that innovative organizations value six characteristics in their employees, which are related to entrepreneurs' characteristics and describe individuals within the organization that are able to work in teams, are committed to their work, seek information and new opportunities, and are able to take risks in innovative ventures. However, there are characteristics that entrepreneurs have and that organizations that want to be innovative are not seeking. If employees had these characteristics, they would allow them to be persistent despite difficulties. Finally, the authors find that there is a competence that innovative organizations need but entrepreneurs may not have, which is having previous experience in the field.Originality/valueThe paper shows that the individual competencies that characterize the entrepreneur are also found in innovative organizations.