June 2013
Eco-management and audit scheme (EMAS) and its implementation in Serbia
The way people are doing business are changing fast under pressures such as growing number of environmental concerns, public pressure, regulatory measures, demands of consumers and shareholders for environmentally friendly products and services, so it is becoming more and more important for organizations/companies to demonstrate sustainability of their investment strategies and operations. A management tool...
June 2013
How to get correct result from weighted average cost of capital (WACC) formula and avoid a common pitfall in calculating WACC: An analysis of Miller (2009) and Pierru’s (2009) articles
Calculating the cost of capital has been always a key issue in financial management. One way to calculate cost of capital is using the weighted average cost of capital (WACC) formula which has been presented by Modigliani and Miller. Recently, validity and correctness of WACC have been questioned by an article titled “The weighted average cost of capital is not quite right” (Miller, 2009), so that...
June 2013
Regional integration: Evidence from Africa
To promote and strengthen the economic development and financial system in today’s globalized world regional integration has become inevitable, in particular, regions where different nations share similarities in history, culture, trade and financial system such as, Africa. The purpose of this study was to examine the stock market integration among the African financial markets, in a regional...
June 2013
Inward licensing of new ventures: Examining the effects of industry and strategy characteristics
New ventures compete by creating innovative products. Liabilities of newness and inexperience, limited resources, rapid technological obsolescence and constantly changing market conditions often encourage new ventures to license other companies' technologies to complement and augment their internally developed innovations. Building on the knowledge-based view of the firm, the study proposes that the...
June 2013
Corporate governance and performance: An empirical evidence from textile sector of Pakistan
In developed countries a lot of work has been done on the subject “Corporate Governance” but on the other hand developing countries are still lacking in this area especially, Pakistan which has observed rare interest in research associated with corporate governance. Present research has explored the actual effect associated with corporate governance measures and financial performance. This...
June 2013
An exploratory study on corporate governance practices in small and micro fast moving consumer goods enterprises in the Cape Metropole, Western Cape, South Africa
Small, medium and micro enterprises (SMMEs) play a crucial role in the growth and development of a country’s economy. With this in mind, the small business sector is seen as an important force to generate employment and more equitable income distribution. SMMEs strive towards sustainability and growth, however a substantial number of SMMEs fail due to, amongst other, the lack of corporate governance...
June 2013
Technological determinants of entrepreneurship performance: Evidence from OECD countries
In this paper we acknowledge the role of technology as an engine in fostering entrepreneurship. We examine the technological determinants of entrepreneurship performance in twenty three developed OECD countries during the period 2000-2007 using two measures of entrepreneurship performance: the number of newly registered corporations, which is introduced by the World Bank Group Entrepreneurship Survey...
June 2013
Employer and employees’ perceptions on implementation of health and safety regulations in the platinum mining sector of South Africa
Maintaining occupational health and safety (OHS) is always a priority in many organisations. The purpose of this study was to investigate employer and employees’ perceptions on the implementation of OHS regulations in the Platinum mining industry in South Africa. Using questionnaires, data was collected from 22 employers and 153 employees in the platinum mining industry. The data was subjected to a...
June 2013
Corporate disclosure, transparency and stock liquidity: Empirical estimation from the Ghana Stock Exchange
Illiquidity remains one of the biggest challenges facing many African Securities Markets including Ghana. The paper sought to empirically document the extent to which corporate disclosure and transparency (TDS) reduces information asymmetry on the GSE with a residual effect of improving liquidity. Using a multidimensional liquidity approach of Liu (2006) and Lesmond et al. (1999) and the corporate...
June 2013
Gabon corridors performance evaluation: New strategic approach based-supply chain and transport logistics efficiency
This paper is aimed at evaluating Gabonese corridors’ supply chain and transport logistics efficiency. The main purposes of this paper are to: (a) carry out investigations and develop enabling environment strategies; (b) suggest a strategy for boosting investment to ameliorate efficiencies. The scope of the measurement includes: supply chain efficiency (corridor infrastructure; enabling environment;...
June 2013
Serbian forest potential management – Status and opportunities
Starting from the role and importance of forests for society, the growing conflictbetween the demands and possibilities of the forest has led to an increasingdemand for information about this natural resource in quantitative and qualitative terms, both locally and globally. On the basis of the national forest...
June 2013
Promoting tea business in the tea smallholding sector in developing countries through efficient technology transfer system: Special reference to Sri Lanka
Tea production in smallholding sector, the dominant sector in Sri Lankan economy, is below its targeted level recently. Therefore, this paper attempts to study the effectiveness of the technology transferring system in tea smallholding sector in order to uplift its productivity. The study was carried out in Pasgoda DS division in Matara district, Southern, Sri Lanka. Seventy tea smallholders were interviewed...
June 2013
Verifying the effects of organizational justice and work values upon organizational performance: using organizational citizenship behavior as the dual mediator
This study aims at verifying the effects of employees’ perception of organizational justice and work values on organizational performance at a Taiwanese state-run company, with Organizational Citizenship Behavior (OCB) being the dual mediator. The study interviewed employees of a Taiwanese state-run company with a special focus on those holding key positions, selected by simple random sampling. Linear...
June 2013
Combining DEMATEL with ANP to modify multidimensional scaling in identifying the similarities of e-shopping stores
While many studies have discussed the purchase behavior for e-shopping stores, there is little study focusing on mechanism which consumers accurately and reasonably identify the similarities of e-shopping stores. Therefore, we introduce the approach which combines DEMATEL with ANP to modify multidimensional scaling to address this concern. In traditional MDS, the average summation is combined with the...
June 2013
Investigating the role of psychosocial factors on mobilization behaviour among bank employees
The study was designed to assess the predictive influence of psychosocial factors on mobilization behaviour among bank employees. The study was a cross-sectional survey, which employed ex-post facto design. Questionnaire format was employed for data collection. A total of 800 bank employees took part in the study as participants. Specifically, the participants comprised 377 males and 423 females with a mean...
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