African Journal of
Business Management

  • Abbreviation: Afr. J. Bus. Manage.
  • Language: English
  • ISSN: 1993-8233
  • DOI: 10.5897/AJBM
  • Start Year: 2007
  • Published Articles: 4194

AJBM Articles

Growth pattern, reforms and operational innovations in Indian banking

October 2013

Banks play very dynamic role in economic development of a country by identifying profitable activities, exerting corporate governance and extending credit to corporate world. Initially, Government of India has nationalized the banks to meet the diversified development needs of the country. But with the initiation of liberalization, privatization and globalization process, the Indians banks have undergone rigorous...

Author(s): Shabana Haque and R.K.Maheshwari

The Impact of Monetary and Non-Monetary Rewards on Motivation among Lower Level Employees in Selected Retail Shops

October 2013

The present study investigated the effects of monetary and non-monetary rewards on motivation with respect to lower level employees in the retail industry. An empirical investigation was undertaken using a sample of fifty (50) lower level employees drawn using the random sampling technique. A questionnaire adjusted to suit the retailing environment was employed to collect data. The findings of the study indicated a...

Author(s): Martha Harunavamwe  and  Herbert Kanengoni

Investment in swiftlet hotels in Malaysia – Does ROI compensate investment risks?

October 2013

Swiftlet hotels have become increasingly popular in the real estate industry today due to its high return on investment (ROI). This research has proven that a standard 20 x 70 feet shop is able to generate a net income of approximately RM10,000 to RM20,000 per month from sales of 2 to 4 kg bird nests. In about 15 months, a three storey shop house with a base value of RM360, 000 could appreciate up to RM750, 000 in...

Author(s): Anuar Alias, Ang Yew Poh, Nurul Zahirah M.A and Mokhtar Azizi M.D

The measurement of productivity growth and benchmarking in the academic departments

October 2013

The purpose of this paper is to analyze efficiency, measuring productivity growth of the academic departments and benchmarking for them. Efficiency measures are calculated by a non-parametric approach known as data envelopment analysis (DEA). Productivity is measured by the Malmquist index. The paper shows how DEA-based Malmquist productivity index can be employed to evaluate the technology and productivity changes...

Author(s): Mohammad Mahallati Rayeni and Faranak Hosseinzadeh Saljooghi

The impact of non-accrued contingent liability on the equity market value of Brazilian companies

October 2013

This study investigates the relation between equity market value and nonaccrued contingent liability that is disclosed in the footnotes but it is not recognized in net income. The analyses focus on whether the prices of shares in the stock market and the return’s expectation of market react by the disclosure of non-accrued contingent liability in footnotes. 3.180 footnotes were analyzed from periods 2006 to 2010...

Author(s): Amaury José Rezende, Flávia Zóboli Dalmácio and Frederico Nilsen

Double loop strategy management: implementing BSC as a linkage between strategic development and implementation

October 2013

Organizations are required to produce goods and services at a low cost, with high quality and with fast and flexible responsiveness to customer’s needs. So it is necessary for the firms to know the situation of things and what strategy can improve it. The aim of this study is to determine optimal strategy. In this study we used BSC, double loop strategy management and SMART technique to determine the optimal...

Author(s): Mohsen Alvandi, Mostafa Memarzade, Elham Ravasizadeh, Reza Kiani Mavi

The effect of information and communication technology (ICT) application in the shoes industry

October 2013

This article analyses some problem of supply Chain management issues for Tabriz – Tehran-Kurdistan and Esfahan (IRAN) firms operating in the shoes industry. The producing companies were experiencing considerable problems in the management of supplier relationships, as well as in the commercial distributive Channel. The case study presented the critical point in the set up of the supply Chain management planning,...

Author(s): Fakhredin Maroofi

The effect of health expenditure on economic growth in Iran

October 2013

In this paper, equivalence relation and long term of five variables gross domestic product growth rate, the ratio of health expenditure to GDP, the ratio of investment to GDP, population growth, growth rate of graduates  and also their influences on each other in Iran from 1973-2008 were analyzed. For this purpose vector autoregressive model (VAR) was used. First, stability of variables was examined by...

Author(s): Mehdi Safdari, Masoud Abouie­­ Mehrizi and Marzie Elahi

Study on the foreign investment preferential policy formulated by host country

October 2013

The author makes use of the modern economic theories and methods to construct a theoretical framework for game analysis that centers on the creation and distribution of return on transnational corporations’ investment; thereby interprets the formulation and implementation of host country’s foreign investment policy and reinforces the existing theories and, on the other hand, analyzes the investment behavior...

Author(s): Chen-Kuo Lee

Estimating the Impact of a COMESA Customs Union on Zimbabwe Using a Tariff Reform Impact Simulation Tool (TRIST)

October 2013

The implications of the formation of a customs union on revenue and welfare of a country are ambiguous and depend on a number of factors.  The theoretical ambiguities give rise to the need for empirical studies that generate information for a particular customs union that is under consideration. Zimbabwe is among the COMESA member states that are actively participating in the preparations for the implementation of...

Author(s): Gift Mugano, Michael Brookes and Pierre Le Roux

An analysis of consumer values, needs and behavior for liquid milk in Hazara, Pakistan

October 2013

This study examines the relationship of consumer values, needs and behavior for effective positioning and target market. The purpose is to identify those motivational factors that influence the consumer to make purchase decision and types of personal values, motives, emotions and moods directing them. The research is based on survey with the sample from Hazara division using questionnaire. The findings indicate that...

Author(s): Khadija Humayun and SAF Hasnu

The role of market liquidity, information efficiency on stock market performance: Empirical evidence from Uganda stock exchange

October 2013

The purpose of this study is to examine the role of Market Liquidity, Information Efficiency on Stock Market Performance in Uganda. The research design adopted was cross-sectional and quantitative. Data were collected from 66 respondents from a sample of 80 investors, brokers and staff of Uganda stock exchange. We performed a Pearson correlation and multiple regressions in the analysis of data. The study posts a...

Author(s): Rogers Mwesigwa, Sulait Tumwine and Edson R. Atwine

The relationship between the percentages of free float shares and liquidity of shares in the companies accepted in Tehran Stock Exchange

October 2013

Free float share is a percentage of total company's capital which is available to stock market transactions. In this study, past information of the sample companies in Tehran Stock Exchange was used to investigate the relationship between percentage of free float shares and share market liquidity, number of buyers, number of transactions and turnover ratio of shares. The aim of this study is to assist investors and...

Author(s): Emad Rezaei and Atefeh Tahernia

Risk management in Islamic banking

October 2013

Islamic banking and finance has become a US$100 billion industry and is estimated to grow at a rate of 15% per annum. The essential feature of Islamic banking is that it is interest-free. As a result of this, the Islamic financial system is primarily equity-based. Islamic banks therefore conducts business on a profit-/ loss-sharing principle. Under this arrangement, the provider of capital and the entrepreneur share in...

Author(s): Nico P. Swartz

Motivating innovation with a structured incentives scheme – Extending the Manso model

October 2013

The conventional pay-for-performance schemes are designed for inspirit agents to exert effort. Manso structured incentive schemes to motivate innovation in a two-period production process. However, his solution is just dependent on the probability of success of different actions (work methods), and not on the amount of performance of these actions. In combining these two methods, this paper proposes a model and gives...

Author(s): Zheng Chengli and Chen Yan

The impact of organizational justice on employee turnover, using Total E&P Yemen

October 2013

This study analyzed the impact of organizational justice as encompassed by three components, namely distributive justice, procedural justice and interactional Justice on employee’s job satisfaction, organizational commitment, and turnover intention. This study included the design and distribution of a self-administered questionnaire to 183 Yemeni employees working for TOTAL E&P Yemen (TEPY), which is...

Author(s): Abbas Mohammed Ahmed Al-Salemi

Measuring the performance of contractors in government construction projects in developing countries: Uganda’s context

October 2013

Traditionally, the success of projects is measured on time, cost and quality parameters; although, most construction projects in Uganda have not performed well on each of these parameters. In this paper, we identify important indicators that are useful for measuring contractors’ performance in Uganda’s context. The paper develops a simple performance measurement framework for measuring performance of...

Author(s): Benon C. Basheka and Milton Tumutegyereize

Visitor-oriented information supply in the industrial fair

October 2013

In a trade show environment, the contact between the booth exhibitor and interested visitors is relatively essential because it plays a key role in turning visitors into customers. Contact efficiency refers not only to visitor retention but also involves creating business development opportunities with visitors. Hence, exhibitors should develop strategies to contact with visitors based on visitors’ preferences in...

Author(s): Ching-Chi Lee and Cou-Chen Wu

Analyzing for profit efficiency of banks with undesirable output

September 2013

The primary objective of commercial banks is to maximize profit, but the usual ratio approach may encounter a problem when observed profit equals zero. This study uses the Nerlovian profit indicator, based on the difference rather than the ratio approach, to measure a profit efficiency indicator. We further decompose the profit efficiency indicator into technical and allocation efficiencies. The dataset consists of...

Author(s): Tsz-Yi Ke, Yang Li and Yung-Ho Chiu

The effect of the 'golden ratio' on consumer behaviour

September 2013

This paper evaluates the relationship between the "golden ratio" and consumer aesthetic preferences, and investigates its possible implementation into market offer. Due to the increasingly diverse offer to which consumers are exposed, each detail of the offer should be in the function to attract consumer’s attention. These requirements increase the importance of design. Package design should...

Author(s): Slavka T. Nikolic, Ilija Cosic, Mladen Pecujlija and Ana Miletic

An integrated inventory models under cooperative and non-cooperative seller-buyer and vendor supply chain

September 2013

The first level of the supply chain basically contains three distinguished levels; these are single buyer (that is retailer), the second level vendor (that is warehouse) and single seller in the third level. The aim of this study was to investigate the cooperative of inventory models among the players in a three-level supply chain. In addition, the challenges involved in determining the optimal value of time...

Author(s): Reza Shahrjerdi, Mohd Khairol Anuar, F. Mustapha, N. Ismail and M. Esmaeili

The role of need for achievement in self-leadership: Differential associations with hope for success and fear of failure

September 2013

Self-leadership and need for achievement show conceptual convergences as both constructs have been found to be phenotypically associated with heightened levels of performance (Neck and Manz, 1992; Spangler, 1992). We thus aimed to clarify how both are interrelated with their respective subfacets in three studies (N = 185, N = 228, N = 374) and found that (a) self-leadership and need for achievement tap different...

Author(s): Marco R. Furtner and John F. Rauthmann

Effect of provision of micro-finance on the performance of micro-enterprises: A study of youth micro-enterprises under Kenya Rural Enterprise Program (K-REP), Kisii County, Kenya

September 2013

Micro and small Enterprises (MSEs) sector contributes 20% to the GDP of the Kenyan economy. The vision of micro finance is to promote the growth of micro enterprises. In pursuit of this vision, the rapid growth of Micro finance institutions (MFIs) has made MSEs access to credit more than doubled from 7.5% in 2006 to 17.9% in 2009. Despite this increase, a recent study has shown that over 50% of MSEs continue to have a...

Author(s): Otieno Simeyo, Lumumba Martin, Nyabwanga  R. Nyamao, Ojera Patrick and Alphonce J. Odondo

Empirical analysis of regions of Mainland China’s manufacturing efficiency promotion: Experiences and lessons

September 2013

The manufacturing sector has been a decisive force in promoting economic development in China. According to the number of workers, net fixed assets and other economic data in China during 2000 to 2007, using data envelopment analysis (DEA) we can build a single-figure index reflecting the comprehensive manufacturing competitiveness of all regions. Based on those index and extension data of producer services, panel data...

Author(s): Ma-lin Song, Wei Zhang and Jie Wu

Leadership style, employee motivation and commitment: Empirical evidence from a consolidated retail bank operating in a depressed economy

September 2013

The study investigated the relationship between different leadership styles and employee motivation and commitment after a merger in a retail bank operating in an economically volatile environment. Data was collected from 121 employees (17 managers and 104 non-managerial) using three closed-ended questionnaires. The Multifactor Leadership Questionnaire Form 5X was used to measure leadership styles and the Organisational...

Author(s): Crispen Chipunza, Michael O. Samuel and Tendai Mariri

Determinants of extent of financial derivative usage

September 2013

The adaptation of free market policies in the world economy has increased the employment of risk management practices in corporation’s financial decisions in order to reduce the variability in firm’s future cash flows, due to the highly volatile exchange rates and interest rates. It is generally argued that, extensive usage of derivative instruments can minimize the firm’s cash flow unpredictability by...

Author(s): Talat Afza and Atia Alam

A novel FOREX prediction methodology based on fundamental data

September 2013

Markets play a critical role in economics of the world and the distribution of wealth. Predicting them can help with preventing crashes and avoiding severe losses, or making significant profits. But such prediction is not easy due to the very complex nature of markets and the wide variety of the influence factors involved. Technical analysts or chartists rely on historical chart data to predict patterns based on...

Author(s): Arman Khadjeh Nassirtoussi, Teh Ying Wah and David Ngo Chek Ling

A comparative study of data mining techniques in predicting consumers’ credit card risk in banks

September 2013

This paper investigates the use of batch and incremental classifiers such as logistic regression, neural networks, C5, Naïve Bayes updateable, IBk (instance-based learner, k nearest neighbour) and raced incremental logit boost to obtain the best classifier to be used for improving the predictive accuracy of consumers’ credit card risk of a bank in Malaysia. Prior to generating all the models for comparison,...

Author(s): Ling Kock Sheng and Teh Ying Wah

Rank reversal problem related to wash criterion in analytic hierarchy process (AHP)

September 2013

The rank reversal problem related to wash criterion in Analytic Hierarchy Process (AHP) was studied. The purpose of this paper is threefold. Firstly, the rank reversal problem did not come off when proportional adjustment of Liberatore and Nydick (2004) and Saaty and Vargas (2006) was applied. Secondly, the conditions that insure the occurrence of rank reversal by using the approach of Finan and Hurley (2002) and Lin,...

Author(s): Ke Hao Jan, Cheng-Tan Tung and Peter Deng

An empirical estimation of the relationship between Edmund Phelps’ “investment driving forces” and the unemployment rate

September 2013

On his invited lecture at Beijing University, China, December 2004, Edmund S. Phelps, the winner of the 2006 Nobel Prize in Economics, proposed four indicators of “investment driving forces”, which could be used in measuring the economic growth of a country’s performance, and which might in turn also be eventually reflected in the country’s employment situation. In addition to Edmund...

Author(s): Tina C. Chiao and Chun-Yuan Wang

How does boundary-spanning search matter in China’s new technology venture? The role of external relationship and internal competence

September 2013

Following on the resource-advantage theory, this study advances existing research by examining what configuration of a new venture’s boundary-spanning search can obtain successful venture performance and how a founding team’s external relationship and the internal firm competences shapes the relationship between the distant search and new venture performance. The paper is based on a questionnaire...

Author(s): Hsu-Hua Lee, Tsau-Tang Yang and Ci-Rong Li

Is Country branding a panacea or poison?

September 2013

The momentum towards complete globalisation advocated by proponents of the benefits of one big business village as the answer to the suffering of third world countries, has now been slowed down by the uncertainty resultant from the hitherto unprecedented global meltdown. With the coughing of America, the whole world seems to be catapulting into one big mess due to the global economic quagmire. Consequently, there is a...

Author(s): Virimai V. Mugobo and Wilfred I. Ukpere

Analysis of marketing data to extract key factors of telecom churn management

September 2013

For telecom industries facing customer and market changes due to rapid developments, near saturation, and intense competition, avoiding churn is critical. Most churn management studies attempt to locate a list of potentially lost customers from existing customer data, for use in subsequent customer retention activities. However, the effectiveness of a telecom company’s churn management is determined by whether it...

Author(s): Hao-En Chueh

Determinants of small and medium enterprises performance in the Malaysian auto-parts industry

September 2013

This paper examines factors determining the performance of SMEs in the Malaysian auto-parts industry. Using a multiple regression analysis, it is evident that firm age and foreign equity are significantly related to the performance of the firms. This consolidates earlier expectations and studies that age and foreign equity ownership do matter to SMEs performance. These findings provide an important signal for SMEs for...

Author(s): M. Mohd. Rosli

Corporate responsibility for socio-economic transformation: A focus on broad-based black economic empowerment and its implementation in South Africa

September 2013

This article illustrates corporate responsibility for socio-economic transformation with a focus on broad-based black economic empowerment (BBBEE) and its implementation in South Africa. This article clarifies the need for the corporate sector to ensure consistency in the implementation of socially responsible behavior, particularly in the area of black economic empowerment. The article highlights that there is both a...

Author(s): Swastika Juggernath, Renitha Rampersad and K. Reddy

Evaluation of the factors that affect performances of active football referees in Turkey

September 2013

The research was carried out for the purpose of evaluating the factors affecting performances of active football referees who function in different categories. Thesurvey method was used in the research in order to describe an existing situation. The research group is composed of 108 referees (FIFA = 4, senior referees = 37, senior assistant referees = 50, state referees = 17) who actively officiated in the...

Author(s): Seydi Karakus, Hakan Salim Caglayan and Hamdi Pepe

The impact of computerized internal controls adaptation on operating performance

September 2013

The development and application of information technology makes it possible to automate the tasks of approving, recording, processing and reporting of transactions. To ensure operational performance, financial reporting reliability and legal compliance, internal control mechanisms should be gradually constructed into the information systems, according to the computerization of the enterprise, in order to continue to...

Author(s): Ming-Hsien Yang, Wen-Shiu Lin and Tian-Lih Koo,

Technological spillovers of transferred inventors from the perspective of Social Network Analysis (SNA)

September 2013

Personnel involved in high-tech R&D commonly move between enterprises, bringing with them technology obtained elsewhere. This leads to an imperceptible circulation of analogous technology among different companies. Unfortunately, this so-called technological spillover is difficult to detect. This study combined social network analysis with patent data covering nearly 30 years to construct the networks that involve...

Author(s): Te-Wei Lo, Wen-Goang Yang, Ta-Sheng Hung and Kuei-Kuei Lai

Determinants for ar-Rahnu usage intentions: An empirical investigation

September 2013

This study examines the applicability of theory of reasoned action (TRA) in a context of Islamic pawnshop using structural equation modelling (SEM). The present study presents a simplified theory of TRA, hence it is intended to test whether the two constructs in the theory are acceptable or not in a newly context of Islamic pawnshop. The simplified theory is tested using survey data from 250 respondents. Out of these,...

Author(s): Hanudin Amin and Rosita Chong

International procurement practices of Indian firms

September 2013

The study of Indian managers has been undertaken in response to the continuous increase in international activity in the area of procurement. This study is a step in the direction of fulfilling the information requirements of procurement managers around the globe. Based on the statistical findings, it can be concluded that there existed a significant difference in the procurement practices of Indian managers. To meet...

Author(s): Malhar Kolhatkar and Nirzar Kulkarni  

The relationship between product quality and purchase intention: The case of Malaysia’s national motorcycle/scooter manufacturer

September 2013

This study aims to determine the level of product quality based on the eight quality dimensions framework and the relationship towards the buyer purchase behaviour. For a good understanding of the study, a case study on Malaysia’s national motorcycle/scooter manufacturer has been used by considering the lack of theoretical studies being conducted on the sales of motorcycle/scooter products. In this study, the...

Author(s): Mohd Rizaimy Shaharudin, Suhardi Wan Mansor, Anita Abu Hassan, Maznah Wan Omar and Etty Harniza Harun

Momentum strategy and board size: Evidence from Taiwan Stock Exchange (TWSE)

September 2013

This paper establishes a link between momentum profitability and board size. We use stocks listed on the Taiwan Stock Exchange (TWSE) to show that momentum profits are derived mainly from firms with small and medium board size, but it is nonexistent among large board size firms. The momentum profitability across small and medium board size firms does not represent for system risk based on the Fama-French three-factor...

Author(s): Keng-Hsin Lo and Shiaw-En Ju

The effects of motivation on leisure time management

September 2013

The purpose of this study was to determine recreational motivations and present its effects on user properties (socio-economic properties and land use habits). In line with this purpose, a questionnaire was applied to fifty users in Ankara Goksu Park. According to the analysis, it was stated that user properties (socio-economic properties and land use habits) have an impact on socialization, entertainment and escape...

Author(s): Hüseyin Samet AÅŸikkutlu and Haldun MüderrisoÄŸlu

Software release management challenges in industry: An exploratory study

September 2013

Release management has an essential role in the success of large software projects and there is no doubt that correct and efficient management of producing a new release can help the quality of the product and the satisfaction of the customers to a great extent. However, there is still problem in many companies for generating a new release, despite all the necessary resources like human, financial, and time resources,...

Author(s): Amir Seyed Danesh, Mahmoud Reza Saybani and Seyed Yahya Seyed Danesh

Intellectual capital performance and its impact on financial returns of companies: An empirical study from insurance sector of Pakistan

September 2013

The purpose of this paper is to examine the performance of intellectual capital (IC) of insurance sector of Pakistan for year 2009. The aim of this paper is also to explore various determinants of IC and its impact on financial performance of insurance sector of Pakistan. The performance of IC is measured by Valued Added Intellectual Coefficient (VAIC™) model which is employed by Ante Policy in its different...

Author(s): Wasim ul Rehman, Muhammad Ilyas and Hafeez ur Rehman

Studying and analyzing the relationship between the functions of performance assessment system and organizational commitment

September 2013

Generally, organizational members do not have a positive attitude on performance assessment system and see it as a barrier to achieve their aims. They believe that performance assessment system prevents them to achieve their awards, advantages and status so they consider it unfairly. On this basis, the aim of present paper is to study the relationship and impacts of various function of performance assessment including...

Author(s): Ali Naghi Amiri, Seyed Mohammad Mahmoudi, Hassan Zarei Matin and Mohammad Reza Esfahanian

The effect of positioning in the world economic system on economic and social development: A relational approach to services

September 2013

In this study, we aimed to evaluate how the positioning of the country in the world economic system influences economic development (per capita income) and social development (HDI). Taking exchange of services as a reference point, through social network analysis and panel data, we found that the positioning of the country in more central positions, i.e., the core and semiperiphery, and capacity for betweenness...

Author(s): Luciano Rossoni, Márcio Luiz Marietto and Wesley Vieira da Silva

Effective customer service: A tool for client retention among stock broking firms in Nigeria

September 2013

The paper examines the various customer retention measurement metrics and constructs, using concepts of customer service, customer satisfaction, behavioral intention and employee satisfaction. Pearson product moment correlation coefficient, t and F statistics were used to test the hypotheses formulated based on information received from 164 respondents (clients) patronizing four Stock broking firms in Cross River State,...

Author(s): Bassey, Nsikan Edet, Okon, Ubokudom Etim and Umorok, Umo Etesin

A review on constructs of the practices of quality management

September 2013

Quality management is a management function that ensures the quality of the products, services and/or operation processes of an organization. It contributes to the competitiveness and maintains the sustainability of the organization. This paper reviews the constructs of practices of quality management adopted by researchers. Based on the literature review, the practices of quality management are summarized into eight...

Author(s): Tan Chin-Keng and Abdul-Rahman, Hamzah

Research on the relationship between forward freight agreements and the fuel oil index

September 2013

Bulk shipping is a globalised industry, and market prices are entirely dependent on the world’s economic climate. The industries contractual arrangements are also rather flexible making it difficult for market participants to understand the trends and fluctuations of market prices and forcing market participants to face greater uncertainty and volatility. Oil and Forward Freight Agreements (FFAs) act as...

Author(s): Ming-Tao Chou

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