bluuebunny/crossref_metadata_2025_split huggingface dataset:
Chinese business schools and the future of management in the post‐crisis era
Authors: Cremer Rolf D. 
Published: April 2010

PurposeThe purpose of this paper is to reflect upon the responsibilities and opportunities that arise for management education out of the 2008/2009 economic and financial crisis, with a focus on the emerging leadership role of Asian business schools, notably in China.Design/methodology/approachThe paper begins by identifying three fundamental challenges for management education. It then discusses two conceptual issues relating to, first, the contents and systems to be included in curriculum reform and learning, and second, the drivers of change in management education. The paper draws upon conceptual papers advanced by leading business school deans, and identifies conditions which provide Asian business schools with a unique, transformational role.FindingsThe depth, breadth and seriousness of current economic and social problems in emerging economics suggest that the necessary reform and transformation of management education is most likely going to be led by business school deans and management education faculty located in and working with business leaders in emerging markets. China business schools are likely to emerge as thought leaders in the reform process in part due to the quality of scholars, especially “returnees”, now locating there.Practical implicationsThought leadership from Asian/Chinese business schools will change the current academic model, based on one‐way knowledge transfer, to a two‐way learning model. This transformation from industrialized to emerging economies will have far‐reaching consequences for curriculum design, faculty exchanges and international cooperation between business schools.Social implicationsThe shift toward Asia‐ or China‐originated thought leadership is evidence of a wider international social trend.Originality/valueThe paper challenges existing views of management education which are still led by Europe and North America, thus offering a new perspective on the drivers of change in management education.
The crisis management in Chinese and Estonian organizations
Authors: Alas Ruth , Gao Junhong , Vanhala Sinikka 
Published: April 2010

PurposeThe purpose of this paper is to discover and compare the implementation of crisis management in Chinese and Estonian companies and the strategies the managers have used to prevent or manage crises.Design/methodology/approachAn empirical study was conducted in two economies in transition: China and Estonia, in 2008. Interview data were collected from 102 Chinese companies and 67 Estonian companies. The data were analyzed applying content analysis.FindingsThe results indicate that the managers of Chinese and Estonian organizations have identified different crises reflecting the politico‐socio‐economic situation of the countries. The most common type of crises in Chinese organizations is those related to economy, while in Estonian organizations, they are related to human resources. Estonian companies are better prepared for handling crises beforehand than Chinese companies. However, the majority of companies in both countries started reacting after a crisis had already come true. A triangular model of crisis management is presented.Research limitations/implicationsThe empirical study is tentative focusing on major differences and similarities in crisis management between two countries in transition. The differences are interpreted from societal‐level development. More in‐depth research in needed based on the results of this study.Originality/valueThe transfer of market‐economy practices often fails due to institutional and cultural tensions and conflict. The study of crisis management in Chinese and Estonian companies tries to increase understanding of the different routes of transition economies and its impact on management and, specifically, on crisis management. The crisis management model based on the study illustrates the interconnection between different elements of crisis management.
Doing business in China and performance: a review of evidence
Authors: Quer Diego , Claver Enrique , Rienda Laura 
Published: April 2010

PurposeThe number of papers focusing on foreign companies doing business in China has increased significantly since the open‐door policy came into effect in the late 1970s. Performance has been one of the most researched topics. This paper aims to carry out a review of the empirical papers which have analysed the performance drivers of foreign companies in mainland China.Design/methodology/approachThe paper reviews 62 empirical papers dealing with the performance of foreign firms in mainland China, published in ten leading international academic journals between 1978 and 2006.FindingsAn analysis of the main findings is offered, along with a summary of the theoretical approaches, methodologies, samples and performance measures used.Originality/valueThe paper identifies the factors which contribute to greater performance in mainland China. Although other studies have reviewed the literature in the Chinese context, none had specifically tackled this topic through a comprehensive review.
Examining Chinese managers' work‐related values and attitudes
Authors: Li Jessica , Madsen Jean 
Published: April 2010

PurposeThe purpose of this paper is to examine Chinese managers' perceptions of work ethic (work‐related values and attitudes) and to provide insights on how managers interact with their workers.Design/methodology/approachThis is a qualitative study using a series of in‐depth interviews to draw state‐owned enterprises (SOE) managers' perceptions of work ethic. The inquiry process led to a single‐case level of analysis where data are aggregated to incorporate a thematic approach. Underlining theoretical frameworks that guide the study are a combination of Western and Eastern work ethic frameworks and cross‐culture management understanding of the concept of guanxi.FindingsFive themes that emerged from data analysis became the five dimensions of Chinese managers' work ethic profile. In addition, the study revealed four overarching themes that influence managerial behavior in Chinese SOEs: the absolute power of the boss; work is the center of life; social network ties to the workplace; and place hope in the hands of the boss.Research limitations/implicationsThe paper provides comprehensive understanding of the Chinese management work ethic profile. Future studies should expand to include managers from different generations and industry sectors.Practical implicationsThe paper highlighted the importance of matching cultural values with management practices. It identified differences between the west and east of their work‐related values and attitudes, which have practical implications for developing effective management strategies and practices when working with Chinese SOEs.Originality/valueThe paper provides an indigenous description of Chinese managers' work ethic profile and provides suggestions for future research.
Performing stock price prediction use of hybrid model
Authors: Pan Wen‐Tsao 
Published: April 2010

PurposeThe purpose of this paper is to propose an analysis method based on a hybrid model, which combines principal component regression (PCR) model and general regression neural network (GRNN) to solve both multicollinearity problems and non‐linear problems at the same time.Design/methodology/approachFirst, the financial ratio data of companies with stocks listed in regular stock market and over‐the‐counter stock market in Taiwan and Mainland China are collected and used as sample data. Grey relational analysis is used to rank the enterprises' operation performance, and the enterprises in Taiwan and Mainland China with business operation performance in the first place are selected and their stock information collected to perform the prediction of stock closing price.FindingsFive indices such as the root mean square error, revision Theil inequality coefficient, mean absolute error, mean absolute percentage error and coefficient of efficiency of the test result are calculated; the empirical results show that the prediction power of the hybrid model of PCR+genetic algorithm general regression neural network is obviously better than the model of PCR, GRNN and PCR+GRNN.Originality/valueThe paper adopts a hybrid model and parameter adjustment to increase prediction capability.
Roles of the Islamic banks in the monetary transmission process in Malaysia
Authors: Sukmana Raditya , Kassim Salina H. 
Published: April 2010

PurposeThis paper aims to determine the importance of the Islamic banks in the monetary transmission process in the Malaysian economy. In particular, the paper analyzes the relevance of Islamic banks' financing and deposit in channelling the monetary policy effects to the real economy.Design/methodology/approachThe paper relies on the co‐integration test, impulse response functions, and variance decomposition analysis, focusing on the period from January 1994 to May 2007.FindingsThe results show that both Islamic banks' financing and deposit play important roles in the monetary transmission process in the Malaysian economy. In particular, both Islamic deposit and financing are shown to be statistically significant in linking the monetary policy indicator to the real output.Practical implicationsThe results imply that the monetary authority should also consider the Islamic banks in the implementation of monetary policy in Malaysia. The results also imply that ensuring the stability of the Islamic financial institutions is just as important as that of the conventional counterpart to achieve an effective transmission of monetary policy in the economy.Originality/valueThis paper is a pioneer study undertaking empirical investigation on the role of Islamic banks in the monetary transmission process in an economy.
Islamic structured trade finance: a case of cotton production in West Africa
Authors: Suayb Gundogdu Ahmet 
Published: April 2010

PurposeThe purpose of this paper is to show a creative way to fulfill financing needs of entities involved in pre‐ and post‐harvest production activities in extreme cases while mitigating inherent risks by Islamic structured trade finance from the real‐life case of cotton production in Burkina Faso.Design/methodology/approachThe existing Islamic structured finance design for SOFITEX was analyzed in details so as to provide clear understanding of the subject matter. This structure was evaluated and a new design is proposed to better accommodate the financing need of SOFITEX.FindingsThere are some inherent drawbacks, explained in details, of the existing Islamic finance structure. Salam contract for pre‐harvest input financing in favor of farmers can, unlike existing structure, accommodate the complete supply chain financing solution, hence, support the whole production cycle from input procurement to the exports of cotton fiber. That is, it fits better for financing the agricultural sector.Research limitations/implicationsThe case and the structure studied in depth are limited to the cotton sector. This could be widened in subsequent researches.Practical implicationsIslamic finance instruments provide us enough room to fulfill financing needs in extreme cases as a better alternative to conventional financing tools. A method of mark‐up calculation for structured cotton trade finance is developed for Murabaha and Salam contracts.Originality/valueThe paper sheds new light on how to finance the agricultural sector starting from input procurement to the sale/export by Islamic finance instruments. It also shows how to get guarantees in the form of commodities in warehouse rather than bank guarantees, mortgage, sovereign guarantees, etc.
Consumerism and ethical attitudes: an empirical study
Authors: Ali Abbas J. , Wisniesk Joette M. 
Published: April 2010

PurposeThis paper aims to investigate consumerism and consumer ethics and the relationship between the two concepts.Design/methodology/approachAbout 500 questionnaires are distributed to students at two universities in the United Arab Emirates. Frequency distribution and one‐way multivariate analysis are used to analyze the data. Two scales are used: consumerism and consumer ethics.FindingsThe results of a reliability test and correlation analysis indicated that both scales are reliable and that the consumerism scale is positively and significantly correlated with the consumer ethics scale. Furthermore, the paper reveals that participants scored moderately high on both scales.Originality/valueUnlike most of the existing literature, it is found that the tendency to spend and enjoy buying does not translate into a low score on consumer ethics. In fact, there is a positive correlation between consumerism and consumer ethics scales. This may indicate that religion does play a role in shaping consumers' orientations and attitudes.
Bank margin determination: a comparison between Islamic and conventional banks in Indonesia
Authors: Hutapea Erwin G. , Kasri Rahmatina A. 
Published: April 2010

PurposeThe purpose of this paper is to examine the relationship between Islamic bank margin (BM) and its determinants. It also compares the BM behavior of Islamic and conventional banks in the Indonesian dual banking system.Design/methodology/approachThe paper employs a time series approach under the dealership framework of Ho and Saunders. The autoregressive distributed lag model is used to inspect cointegration between BM and its determinants for the period of January 1996 to February 2006 of five sample banks (two Islamic banks and three conventional banks).FindingsThe result confirms that there exists a long‐running relationship between the Islamic BM and its determinants. In particular, as interest rate volatility increases, Islamic BM responds negatively while that of conventional banks responds positively. The findings differ from most of the other studies as they found a positive relationship between BM and interest rate volatility. This paper also shows that the margin behavior changes as the basis of bank operations changes from conventional to Islamic principles.Research limitations/implicationsThe paper uses a relatively small sample of three (out of 150) conventional banks as a comparison to two sample Islamic banks. However, as they come from the same peer with the Islamic banks, it is believed that the finding is valid. Islamic banks in Indonesia are not remote from the interest rate volatility in their presence under a dual banking system. It is the displaced commercial risk that threatens Islamic banking profitability in a changing market interest rate situation.Practical implicationsUnder a dual banking system, the stability of interest rates and the financial system is of great importance for the policy maker in developing the Islamic banking industry in Indonesia. As long as the BM is still a major source of income to the Islamic banks, it is necessary for Islamic banks to have prudent risk management to mitigate the negative effect of displaced commercial risk and maintain its profitability. Implementation of profit equalization reserves concept is a possible measure for Islamic banks to shield their operation.Originality/valueThis paper is believed to be the first study on Islamic BM behavior in Indonesia. It is expected to provide useful information for policy makers and Islamic bank management to develop a sound and profitable Islamic banking industry in Indonesia.
Islamic hospitality in the UAE: indigenization of products and human capital
Authors: Stephenson Marcus L. , Russell Karl A. , Edgar David 
Published: April 2010

PurposeThe purpose of this paper is to examine the challenges faced by the hospitality industries in developing an Islamic hospitality identity and indigenous styles of management, particularly in the context of the United Arab Emirates (UAE) – especially Dubai. It also aims to identify and comprehend the socio‐cultural implications of Islamic hospitality in terms of products and marketing.Design/methodology/approachThis conceptual‐based paper critically reviews and amalgamates a diverse range of literature concerning Islamic hospitality (and tourism), Arab management and leadership qualities, human capital and nationalization of employment, industry skills and educational directives in hospitality and destination and product strategies.FindingsThe work critically accounts for the changing nature of skills needed by localised hospitality managers and the industry in general, especially to keep pace with dynamic customer demands and an increasingly sophisticated market and consumer. The outcome of the paper concerns the operationalisation of soft skills and managerial expertise attuned to ethnic and religious attributes of the host society. The evaluations propose ways in which the education sector can extend the career development and progression pathways for UAE nationals. The work also indicates how product development, innovation, transformation and marketing have a crucial role to play in advancing an Islamic and cultural approach to hospitality.Originality/valueThis paper uniquely concerns an under‐developed area of academic study: the role Islamic‐based principles and practices of hospitality and ways in which they can be developed through an indigenous‐led workforce, and Islamic and Arab styles of management, leadership and service sector operation.
Applying Islamic market‐oriented cultural model to sensitize strategies towards global customers, competitors, and environment
Authors: Zakaria Norhayati , Abdul‐Talib Asmat‐Nizam 
Published: April 2010

PurposeThe purpose of this conceptual paper is to attempt to introduce an Islamic market‐oriented cultural model to illustrate the role of market orientation within an Islamic culture.Design/methodology/approachThe paper proposes an Islamic‐based view of a market‐oriented cultural model that aims to help understand how cultural principles, practices, and values are discussed within an Islamic culture, and subsequently understand the effects of this view on the market performance of the exporting firms. Reviews of literature in market orientation and cultural values served as a foundation for the development of the conceptual arguments. The model is adapted from several market orientation and cultural frameworks including Homburg and Pflesser, Hofstede, and Schein.FindingsNational culture, which underlines employee's cultural values, attitudes, and beliefs, has a profound impact on organizations and thus its impact on market performance should not be underestimated.Research limitations/implicationsSince the paper presents only the conceptual framework, it does not include empirical validation of the argument. Further empirical research could be carried out in order to validate the arguments presented in this paper.Practical implicationsIn response to increased global competition, firms need to employ effective international marketing strategies in order to enhance performance. When exporting halal products, managers need to comply with Islamic guidelines, practices, and standards that serve as the main criteria by which Muslim's customers' needs and preferences are met.Originality/valueThe conceptual framework integrates market orientation with Islamic cultural values. The discussion strengthens the need for firms to apply an Islamic market‐oriented cultural model when they deal with customers in Muslim countries.
The relationship between religiosity and new product adoption
Authors: Rehman Ateeq‐ur‐ , Shahbaz Shabbir Muhammad 
Published: April 2010

PurposeThis paper aims to investigate the relationship between religiosity and new product adoption (NPA) among Muslim consumers.Design/methodology/approachA total of 300 questionnaires were distributed to university students. Religiosity represented the independent variable and was measured using five dimensions: ideological, ritualistic, intellectual, consequential and experimental dimensions. NPA represented the dependent variable.FindingsReligiosity affects NPA among Muslim consumers; their beliefs influence how and what products they adopt.Originality/valueThis is the first paper to investigate the relationship between religiosity and NPA, not only in Pakistan but also in the entire Islamic market. Moreover, this is a relatively new issue that remains largely undiscovered by researchers worldwide. This paper will help to emphasize its importance and implications to business decisions.
Shariah observation: advertising practices of Bank Muamalat in Malaysia
Authors: Haque Ahasanul , Ahmed Khaliq , Irfath Jahan Syeada 
Published: April 2010

PurposeThe purpose of this paper is to assess the existing advertising practices in Malaysia and their compliance with the Shariah (Islamic Law).Design/methodology/approachUsing descriptive observations, the promotional tools and practices used by the prominent conventional banks were compared to those used by the Islamic banks. A total of 40 different advertisements were assessed as well as staff and personnel from 30 branches were interviewed.FindingsThe paper reveals that customers remain unaware of the Islamic banks' products. Shariah‐based promotions will help increase customer awareness of these banks and their offerings.Research limitations/implicationsFuture research on Shariah‐based promotions and advertising will improve banks' effectiveness and help position them as role models for other advertisers, both Islamic and non‐Islamic. The producers of Islamic advertisements need to apply precise screening procedures that ensure the delivery of their message through Shariah‐compliant methods.Originality/valueThe paper contributes to research through improving understanding of the main issues relating to the effect of advertising practices in Islamic societies.
Perceived recovery after aneurysmal subarachnoid haemorrhage in individuals with or without depression
Authors: Hedlund Mathilde , Zetterling Maria , Ronne‐Engstrom Elisabeth , Ekselius Lisa , Carlsson Marianne 
Published: April 2010

Aims.  The aims of the study were to describe what patients with no or only minor neurological deficits after aneurysmal subarachnoid haemorrhage (SAH) perceived to be important for recovery, and perceived consequences of the illness.Background.  Quantitative studies indicates unfavourable outcomes after aneurysmal SAH, concerning for example mental health and return to everyday life, among patients expected to recover completely. Thus, it is important to investigate the perceptions of patients and to give them the opportunity to communicate what they consider important for recovery.Design.  Qualitative descriptive design.Method.  Semi‐structured interviews with 20 aneurysmal subarachnoid haemorrhagic patients were conducted approximately 12 months after the onset. Analyses were carried out in two steps, beginning with a qualitative content analysis. Due to the findings in the initial content analysis, a structured clinical interview for psychiatric disorders was used as a second step to verify the presence or absence of depression in the participants.Results.  Two patterns were identified. One pattern revealed that informants without depression experienced a ‘confident perception of recovery’, which included perceptions of meaningfulness. Another pattern revealed that depressed informants experienced a ‘pessimistic perception of recovery’, which included perceptions of hopelessness. Expectations regarding care after departure from the neurointensive care unit were not met.Conclusions.  Individuals suffering from depression after aneurysmal SAH have a pessimistic view of their recovery in contrast to those without depression. These findings highlight the importance of better recognition and treatment of depression in the aftermath of SAH.Relevance to clinical practice.  These findings highlight the importance of better recognition and treatment of depression after aneurysmal SAH, where nurses play an active role. Nurses should seek to take actions to better meet patient’s needs after departure from neurointensive care units.