Rivista e Edizione

Volume 17 (2022): Edizione 1 (April 2022)

Volume 16 (2021): Edizione 3 (December 2021)

Volume 16 (2021): Edizione 2 (August 2021)

Volume 16 (2021): Edizione 1 (April 2021)

Volume 15 (2020): Edizione 3 (December 2020)

Volume 15 (2020): Edizione 2 (August 2020)

Volume 15 (2020): Edizione 1 (April 2020)

Volume 14 (2019): Edizione 3 (December 2019)

Volume 14 (2019): Edizione 2 (August 2019)

Volume 14 (2019): Edizione 1 (April 2019)

Volume 13 (2018): Edizione 3 (December 2018)

Volume 13 (2018): Edizione 2 (August 2018)

Volume 13 (2018): Edizione 1 (April 2018)

Volume 12 (2017): Edizione 3 (December 2017)

Volume 12 (2017): Edizione 2 (August 2017)

Volume 12 (2017): Edizione 1 (April 2017)

Volume 11 (2016): Edizione 3 (December 2016)

Volume 11 (2016): Edizione 2 (August 2016)

Volume 11 (2016): Edizione 1 (April 2016)

Volume 10 (2015): Edizione 3 (December 2015)

Volume 10 (2015): Edizione 2 (August 2015)

Volume 10 (2015): Edizione 1 (April 2015)

Dettagli della rivista
Formato
Rivista
eISSN
2344-5416
Pubblicato per la prima volta
06 Mar 2015
Periodo di pubblicazione
3 volte all'anno
Lingue
Inglese

Cerca

Volume 13 (2018): Edizione 2 (August 2018)

Dettagli della rivista
Formato
Rivista
eISSN
2344-5416
Pubblicato per la prima volta
06 Mar 2015
Periodo di pubblicazione
3 volte all'anno
Lingue
Inglese

Cerca

15 Articoli
access type Accesso libero

Impact of Employees’ Job Insecurity and Employee Turnover on Organisational Performance in Private and Public Sector Organisations

Pubblicato online: 10 Sep 2018
Pagine: 5 - 19

Astratto

Abstract

Layoffs and alternative staffing seem to be a phenomenon in many workplaces, many employees seem uncertain of their continuing in their job as a result of threats that they face on the job which could lead to job loss, and these call for concern. This paper therefore examines some of the factors responsible for job insecurity and employee turnover and the attendant effects of job insecurity on organisation. The study investigates the relationship between job insecurity and organisation performance, as well as relationship between job insecurity and employee turnover. Self-developed structured questionnaire titled ‘Job Insecurity, Organisation Performance and Employee Turnover’ (JIOPET) was used as the instrument to collect data from one hundred and twenty randomly selected respondents from organised private sector (financial institutions) in Akure and public sector (state secretariat) in Ibadan, Nigeria. The data were analysed and the two hypotheses drawn up for the study were tested using Pearson Product- Moment Correlation. The findings establish that job insecurity negatively affect organisation performance and induce employee turnover. It is recommended that organisation policy makers should diligently address the factors that contribute to job insecurity, have training policy and train employees as work procedures are becoming more dynamic with new technologies.

Parole chiave

  • Job Insecurity
  • Employee
  • Employee Turnover
  • Organisational Performance
access type Accesso libero

Nurturing Innovation Performance Through Corporate Entrepreneurship: The Moderation of Employee Engagement

Pubblicato online: 10 Sep 2018
Pagine: 20 - 30

Astratto

Abstract

The objective of the present article is to highlight the concept of innovation performance, its importance and the different elements that could potentially enhance it within an organization. Through critical appraisal of the literature, the paper has attempted to shed light on how innovation performance is essentially important for businesses to thrive in the current global economy via focusing on prospects like corporate entrepreneurship and employee engagement. The review has concluded that Innovation and more importantly, employee performance towards bringing innovative is critical for businesses. Corporate entrepreneurship is an evolving concept that talks about nurturing and establishing such an environment that supports and motivates people to work with initiative mindset, indulging in creativity and innovation within the organization. Notably, past empirical evidence has underscored employee engagement to be highly significant in enhancing performance focused outcomes. The paper had attempted to establish how corporate entrepreneurship can enhance innovation performance within an organization. Importantly, the paper has also outlined pivotal role of employee engagement as a potential moderator to enrich this relationship. The paper has forwarded research model highlighting severe paucity of research and mature significance for fostering innovation performance at the workplace.

Parole chiave

  • Corporate Entrepreneurship
  • Employee Engagement
  • Innovation Performance
  • Creativity
access type Accesso libero

Oil Price Volatility and Business Cycles in Nigeria

Pubblicato online: 10 Sep 2018
Pagine: 31 - 40

Astratto

Abstract

The effect of oil price volatility on the business cycle (measured as fluctuations in real GDP) in Nigeria is investigated, while controlling for effects of other variables such as inflation, exchange rate, money supply, trade openness and foreign direct investment. Volatility in real GDP and oil price is generated through the EGARCH process. The ARDL approach to cointegration and error correction modeling is employed for analysis of data covering the period from 1970 to 2015. The study finds positive and significant short-run effect of oil price volatility on real GDP volatility, and no significant long-run effect. The short-run and long-run effects of other variables on business cycle (real GDP volatility) in Nigeria are not statistically significant. This suggests that short-run fluctuations in real GDP are engendered mainly by oil price volatility. This could be attributed to the precarious dependence of the country on oil export. The paper recommends channeling of efforts by the government towards diversifying the productive base and exports of the country as measure to reduce volatility in the real GDP.

Parole chiave

  • Oil Price Volatility
  • Business Cycle
  • EGARCH
access type Accesso libero

Effect of Knowledge Management Activities and Dynamic Capabilities on Employee Performance in the Banking Sector: Empirical Evidence From Pakistan

Pubblicato online: 10 Sep 2018
Pagine: 41 - 60

Astratto

Abstract

The banking sector is facing constant change and fierce competition. In this scenario, banks need to align themselves with the ever-changing environment by enhancing employee knowledge base to create capabilities. The basic objective of the current study is to examine the effect of knowledge management activities and dynamic capabilities on employee performance in the banking sector of Pakistan. This research employed a quantitative method to analyse the data. The sample was taken from employees who are working in public and private banks in Pakistan. A self-administered questionnaire was distributed among employees of public and private banks adopting stratified random sampling technique. Ordinary Least Square (OLS) method is used to testify the hypothesis and factor analysis to examine the validity and reduction of the items. This research finds that both knowledge management activities and dynamic capabilities have significant effect on employee performance in the banking sector of Pakistan.

Parole chiave

  • Knowledge Management
  • Dynamic Capabiliies
  • Employee Performance
access type Accesso libero

Does Reit offer a Better Risk and Return Contour to the New Zealand Residential Property Investors?

Pubblicato online: 10 Sep 2018
Pagine: 61 - 68

Astratto

Abstract

New Zealanders’ overwhelming favour of residential property investment has resulted in residential properties being overvalued with a house-price-to-income multiple equals to 5.9 for the country and 10 for its largest city – Auckland. With the deterioration in housing affordability; currently ranked the fourth worst in the world for Auckland (the largest city in New Zealand), investing directly in residential property become riskier. Under this scenario, a more passive property investment option such as REIT could be more viable. The objective of the paper is to assess whether REIT could offer a better risk and return contour then direct residential property option to potential property investors in New Zealand. Empirical findings from this study show that there is a significant difference between the rates of return of these two types of property investment options. Further analysis using Treynor ratio indicates that investing in REITs generated a higher return on a risk-adjusted basis. This finding has implications for investors looking for a more affordable and liquid way to tap into the property asset class.

Parole chiave

  • Residential Property Investment
  • Real Estate Investment Trust
access type Accesso libero

A Time Series Analysis of the Nexus Between Macroeconomic Fundamentals and Stock Prices in Nigeria

Pubblicato online: 10 Sep 2018
Pagine: 69 - 91

Astratto

Abstract

Since macroeconomic fundamentals have been found to play a vital role for changes in the economy of a country. Consequently, the onus is on the appropriate regulatory authorities to take measures in making amendments in these policies to put the economy on the right development track. The aim of this study is to use time series analysis to empirically showcase the nexus between macroeconomic fundamentals and stock prices in Nigeria. The method used for this study was the Co-integration test and the EGARCH technique to estimate the possible influence of the selected macroeconomic fundamentals on stock prices. Volatility was captured by using quarterly data and estimated using GARCH (1,1) respectively. The study found there is a positive relationship between macroeconomic factors and stock prices in Nigeria. Therefore, the study recommends that the Federal authority should put in place policy measures that will enable the exchange rate to be relatively stabilized. This is because empirical evidence from studies has shown that exchange rate affects stock market prices. In addition, the government authority should ensure an enabling environment that would build the mindset of institutional investors in the Nigerian stock market due to the existence of information asymmetry problems among potential investors.

Parole chiave

  • Time series Model
  • Stock Market
  • EGARCH
  • Macroeconomic Policy
  • Nigeria
  • Financial Market
  • E-views
  • Macroeconomic impact
access type Accesso libero

Integrated Marketing Communication and Its Impact on Consumer Behavior

Pubblicato online: 10 Sep 2018
Pagine: 92 - 102

Astratto

Abstract

In the current economic context, characterized by extremely fierce competition directed at winning or retaining various consumer segments, as well as by an unprecedented technological boom, the marketers’ effort towards implementing new ways of communicating and bidding remains the only way to business success. Considered to be the most visible part of the marketing activity, integrated marketing communication tends to capture the attention of both providers and buyers especially, who need information from various sources to inform their purchasing decisions. Thus, the present paper aims to highlight the main tools which the specialists use in integrated marketing communication in their attempt to establish a permanent and efficient contact with both potential consumers and with actual consumers, as well as an analysis of secondary data sources regarding the impact false news broadcast through various media channels have on consumer perceptions.

Parole chiave

  • Integrated Marketing Communication
  • Media Communication Channels
  • Misinformation
  • Consumer Behavior
access type Accesso libero

Measuring Firm Performance: Testing a Proposed Model

Pubblicato online: 10 Sep 2018
Pagine: 103 - 114

Astratto

Abstract

Firm performance is a very complex and exhaustive concept. It can be related to many factors: starting with variables from balance sheet, income statement or cash-flow statement, continuing with research and development expenses or IT competences, and last but not least with intangible assets like human capital, goodwill, or brand value. The purpose of the present paper is to develop and test a model in order to measure firm performance by considering US companies that are ranked into the Global Fortune 500. In this study we used control variables (assets growth rate, net income growth rate and revenue growth rate) and depended variables – return on assets (ROA), debt to equity, research and development expenses to total operating expenses, environment, social and governance rating, Tobin‘s q – to measure firm performance. The article‘s findings suggest that when analyzing the firm performance much more factors must be considered.

Parole chiave

  • Firm performance
  • Model
  • US-based companies
access type Accesso libero

The Impact of the Asian Crisis on Governance: Does OECD Membership or Income Levels Matter?

Pubblicato online: 10 Sep 2018
Pagine: 115 - 130

Astratto

Abstract

We examine the impact of the 1997 Asian Crisis on governance. We look into how the crisis affected High-Income OECD, High-Income Non-OECD, Upper-middle Income, Lower- Middle Income, and Low Income Countries. For measures of governance, we use the World Bank’s Governance Indicators dataset which includes six measures of governance. We find that pre- and post-crisis, the ranking of each income group has not changed except for year 2004 when the High-Income Non-OECD Countries surpassed the High-Income OECD Countries in “Political Stability and Absence of Violence” category. In other words, our results show that, other than that exception in 2004, both pre- and post-crisis, the High-Income OECD Countries had the best governance measures, the High-Income Non-OECD Countries had the second best measures, and so on, in the order shown above. One point to note here: The High-Income Non- OECD Countries performed much better than the other groups after year 1998. After 1998, this group improved in all six dimensions of governance. We conclude that although crises affect all income groups, because of certain characteristics of the High-Income Non-OECD group, they tend to better react to crises.

Parole chiave

  • Governance
  • Asian Crisis
  • WGI
  • Economic Crisis
access type Accesso libero

Government Ownership in Listed Firms Around the World

Pubblicato online: 10 Sep 2018
Pagine: 131 - 146

Astratto

Abstract

Based on the first of its kind large-scale research on worldwide government ownership from 47 countries, the results show that government owners like to be the largest blockholders; if government is the largest blockholder, the size of its ownership is also quite big. Government ownership is mostly distributed in banks, infrastructure and public utility companies, and strategic manufacturing companies. While there are various theoretical arguments on the size and industry distribution of government ownership, this study provides first-ever empirical evidence. In sum, this paper contributes significantly and originally to our understanding on government ownership, and lay out further directions for future research on the complicated corporate governance issues of government ownership.

Parole chiave

  • Government Ownership
  • State Ownership
  • Blockholder
access type Accesso libero

Durable Rural Development Through the 2014 - 2020 National Rural Development Program

Pubblicato online: 10 Sep 2018
Pagine: 147 - 152

Astratto

Abstract

Rural Development Policy is a priority for the E.U., as half of the Union’s population lives in rural areas. This policy is focused on society’s durable development, under all its aspects: economic, social, cultural, and so on. The challenges which rural areas of member states face must be addressed, while at the same time applying European norms and standards for rural development. After Romania became a part of the E.U., rural areas here were supported through several national rural development programs, so as to create a durable and sustainable rural economy. Major changes are required to achieve this kind of development, such as replacing old agricultural structures, modernizing the village, while at the same time maintaining cultural and local identity. Rural areas in Romania are often affected by natural disasters. During the last 17 years, national rural development programs implied contracts worth billions of Euros. For instance, through the 2020 NRDP, a budget of 9.5 billion Euros was allocated, 8.1 billion Euros coming from E.U. funding and 1.34 billion Euros as national cofinancing. At the moment, Romania’s absorption degree for the 2020 NRDP is of 20% and is expected to surpass 50% by 2020. Another regional program includes the concept of Spatial Development - Romania - 2025. Spatial planning supports the avoidance of rural dispersion. The betterment of infrastructure is supported, such as access roads, expanding base utilities, consolidated works to prevent flooding or landslides, and so on.

Parole chiave

  • Rural Areas
  • Durable Development
  • Direct Payments
  • Financial Support
  • Spatial Planning
access type Accesso libero

Relevance of Big Data for Business and Management. Exploratory Insights (Part I)

Pubblicato online: 10 Sep 2018
Pagine: 153 - 163

Astratto

Abstract

Over the last few decades Big Data has impetuously penetrated almost every domain of human interest/action and it has (more or less consciously) become a ubiquitous presence of day to day life. The main questions this exploratory paper seeks to address (throughout its two parts) are the following: What is the (actual) impact of Big Data on Business & Management and How can businesses (through their management) leverage the potential of Big Data to their benefit? A gradual, step by step approach (based on literature review and a variety of secondary data) will guide the paper in search for answers to the abovementioned questions: starting with a concise history of the topic Big Data as reflected in academia and a critical content analysis of the Big Data concept, the paper will then continue by emphasizing some of the most significant realities and trends that characterize the supply-side of the big data industry; the second part of the paper is dedicated to the investigation of the demand-side of the big data industry – by highlighting some evidences (and projections) on the impact of big data analytics on Business & Management (both at aggregate and granular level) and exploring what companies could and should do (through their management) in order to best capitalize on the opportunities of big data and avoid/minimize the impact of its threats.

Parole chiave

  • Big Data
  • Big Data Analytics
  • Value
  • Business
  • Management
access type Accesso libero

Assessing the Impact of Technology Adoption on Human Touch Aspects in Healthcare Settings in Mauritius

Pubblicato online: 10 Sep 2018
Pagine: 164 - 178

Astratto

Abstract

This paper investigates the impact of technology adoption on human touch aspects in healthcare settings in Mauritius. Unstructured interviews, focus group discussions and overt observations were carried out in two phases with 27 healthcare professionals and 42 healthcare customers in the private sector over a period of five months as part of an exploratory study, followed by a pilot study where a survey was carried out among 31 participants who have also been exposed to private healthcare services in Mauritius. Survey findings have depicted that technology implementation in healthcare settings can represent a direct threat to human touch aspects. Although the outcome of service remains very important, the delivery of same service in terms of how, when and by whom it was delivered has been seen to be as important. Healthcare customers are normally in a vulnerable state requiring appropriate human touch in the service delivery. Moreover, they also expect fast, efficient and effective services which eventually create a pressing need for consequent use of technology. Therefore, the balance between technology and human touch aspects was found to be a determinant of service quality enforcement and customer satisfaction for healthcare customers. This paper demonstrates that implementing technology in healthcare nowadays is inevitable for proper service delivery, however, it is imperative to preserve human touch aspects at all times during health service encounters. This pioneer study also acts as a guide for health care practitioners to derive the best strategies to maintain a good equilibrium between technology adoption and human touch aspects in all healthcare services in the context of developing state such as Mauritius.

Parole chiave

  • Technology
  • Healthcare
  • Mauritius
  • Human touch
access type Accesso libero

Country-of-Origin Effects on Consumer Buying Behaviours. A Case of Mobile Phones

Pubblicato online: 10 Sep 2018
Pagine: 179 - 201

Astratto

Abstract

In the period of market globalisation, global trade has changed immensely. Country-of – origin play a significant role in global marketing as it has created huge market opportunities for both firm and countries around the globe. Many companies are venturing in overseas market as they would benefit from a larger market share and lower cost of the goods and hence, these companies have to mention about the country-of-origin on the label of their products so that consumers can know where the goods originate from. This research will enable entrepreneurs and businesses who are in the commercial industry to have a better insight on the perception of consumers about the country-of-origin effects in the context of brands of mobile phones. The study further highlighted about the impact of a country’s image on the consumers’ purchase intentions. For this study, both qualitative and quantitative approach were used and both primary and secondary data were captured with the usage of convenience sampling technique. With evolutions in technology and mobile phones sectors, it was imperative to investigate on the above topic so as to reveal insightful details about country-of-origin effect on consumer buying behaviours as well as on country-of-manufacture and country-of-assembly.

Parole chiave

  • Country-of-origin
  • Consumer
  • Mobile
  • Marketing
  • Mauritius
access type Accesso libero

Imperfections in Our Future

Pubblicato online: 10 Sep 2018
Pagine: 202 - 212

Astratto

Abstract

Our future is polarized and unpredictable and means progress as this regards the evolution of technology that may bring about the union between man and machine as far as the present technological environment is enlarging. But, until then we have to face imperfections that are synonymous with the problems that affect humanity: aggression against some states, conflicts that need to be settled, discrepancy between the rich and the poor, the positive and negative influences of the internet, CO2 emissions in developed countries, redirecting towards markets with lower risk potential, even the battle with death. And, unfortunately we have the alienation of the modern man in a breakable world. We know that the future can become what we wish it to be as far as we have a purpose and positive outlooks and take the correct decisions.

Parole chiave

  • Evolution
  • Inequality
  • Technology
  • Dominate
  • Positive
15 Articoli
access type Accesso libero

Impact of Employees’ Job Insecurity and Employee Turnover on Organisational Performance in Private and Public Sector Organisations

Pubblicato online: 10 Sep 2018
Pagine: 5 - 19

Astratto

Abstract

Layoffs and alternative staffing seem to be a phenomenon in many workplaces, many employees seem uncertain of their continuing in their job as a result of threats that they face on the job which could lead to job loss, and these call for concern. This paper therefore examines some of the factors responsible for job insecurity and employee turnover and the attendant effects of job insecurity on organisation. The study investigates the relationship between job insecurity and organisation performance, as well as relationship between job insecurity and employee turnover. Self-developed structured questionnaire titled ‘Job Insecurity, Organisation Performance and Employee Turnover’ (JIOPET) was used as the instrument to collect data from one hundred and twenty randomly selected respondents from organised private sector (financial institutions) in Akure and public sector (state secretariat) in Ibadan, Nigeria. The data were analysed and the two hypotheses drawn up for the study were tested using Pearson Product- Moment Correlation. The findings establish that job insecurity negatively affect organisation performance and induce employee turnover. It is recommended that organisation policy makers should diligently address the factors that contribute to job insecurity, have training policy and train employees as work procedures are becoming more dynamic with new technologies.

Parole chiave

  • Job Insecurity
  • Employee
  • Employee Turnover
  • Organisational Performance
access type Accesso libero

Nurturing Innovation Performance Through Corporate Entrepreneurship: The Moderation of Employee Engagement

Pubblicato online: 10 Sep 2018
Pagine: 20 - 30

Astratto

Abstract

The objective of the present article is to highlight the concept of innovation performance, its importance and the different elements that could potentially enhance it within an organization. Through critical appraisal of the literature, the paper has attempted to shed light on how innovation performance is essentially important for businesses to thrive in the current global economy via focusing on prospects like corporate entrepreneurship and employee engagement. The review has concluded that Innovation and more importantly, employee performance towards bringing innovative is critical for businesses. Corporate entrepreneurship is an evolving concept that talks about nurturing and establishing such an environment that supports and motivates people to work with initiative mindset, indulging in creativity and innovation within the organization. Notably, past empirical evidence has underscored employee engagement to be highly significant in enhancing performance focused outcomes. The paper had attempted to establish how corporate entrepreneurship can enhance innovation performance within an organization. Importantly, the paper has also outlined pivotal role of employee engagement as a potential moderator to enrich this relationship. The paper has forwarded research model highlighting severe paucity of research and mature significance for fostering innovation performance at the workplace.

Parole chiave

  • Corporate Entrepreneurship
  • Employee Engagement
  • Innovation Performance
  • Creativity
access type Accesso libero

Oil Price Volatility and Business Cycles in Nigeria

Pubblicato online: 10 Sep 2018
Pagine: 31 - 40

Astratto

Abstract

The effect of oil price volatility on the business cycle (measured as fluctuations in real GDP) in Nigeria is investigated, while controlling for effects of other variables such as inflation, exchange rate, money supply, trade openness and foreign direct investment. Volatility in real GDP and oil price is generated through the EGARCH process. The ARDL approach to cointegration and error correction modeling is employed for analysis of data covering the period from 1970 to 2015. The study finds positive and significant short-run effect of oil price volatility on real GDP volatility, and no significant long-run effect. The short-run and long-run effects of other variables on business cycle (real GDP volatility) in Nigeria are not statistically significant. This suggests that short-run fluctuations in real GDP are engendered mainly by oil price volatility. This could be attributed to the precarious dependence of the country on oil export. The paper recommends channeling of efforts by the government towards diversifying the productive base and exports of the country as measure to reduce volatility in the real GDP.

Parole chiave

  • Oil Price Volatility
  • Business Cycle
  • EGARCH
access type Accesso libero

Effect of Knowledge Management Activities and Dynamic Capabilities on Employee Performance in the Banking Sector: Empirical Evidence From Pakistan

Pubblicato online: 10 Sep 2018
Pagine: 41 - 60

Astratto

Abstract

The banking sector is facing constant change and fierce competition. In this scenario, banks need to align themselves with the ever-changing environment by enhancing employee knowledge base to create capabilities. The basic objective of the current study is to examine the effect of knowledge management activities and dynamic capabilities on employee performance in the banking sector of Pakistan. This research employed a quantitative method to analyse the data. The sample was taken from employees who are working in public and private banks in Pakistan. A self-administered questionnaire was distributed among employees of public and private banks adopting stratified random sampling technique. Ordinary Least Square (OLS) method is used to testify the hypothesis and factor analysis to examine the validity and reduction of the items. This research finds that both knowledge management activities and dynamic capabilities have significant effect on employee performance in the banking sector of Pakistan.

Parole chiave

  • Knowledge Management
  • Dynamic Capabiliies
  • Employee Performance
access type Accesso libero

Does Reit offer a Better Risk and Return Contour to the New Zealand Residential Property Investors?

Pubblicato online: 10 Sep 2018
Pagine: 61 - 68

Astratto

Abstract

New Zealanders’ overwhelming favour of residential property investment has resulted in residential properties being overvalued with a house-price-to-income multiple equals to 5.9 for the country and 10 for its largest city – Auckland. With the deterioration in housing affordability; currently ranked the fourth worst in the world for Auckland (the largest city in New Zealand), investing directly in residential property become riskier. Under this scenario, a more passive property investment option such as REIT could be more viable. The objective of the paper is to assess whether REIT could offer a better risk and return contour then direct residential property option to potential property investors in New Zealand. Empirical findings from this study show that there is a significant difference between the rates of return of these two types of property investment options. Further analysis using Treynor ratio indicates that investing in REITs generated a higher return on a risk-adjusted basis. This finding has implications for investors looking for a more affordable and liquid way to tap into the property asset class.

Parole chiave

  • Residential Property Investment
  • Real Estate Investment Trust
access type Accesso libero

A Time Series Analysis of the Nexus Between Macroeconomic Fundamentals and Stock Prices in Nigeria

Pubblicato online: 10 Sep 2018
Pagine: 69 - 91

Astratto

Abstract

Since macroeconomic fundamentals have been found to play a vital role for changes in the economy of a country. Consequently, the onus is on the appropriate regulatory authorities to take measures in making amendments in these policies to put the economy on the right development track. The aim of this study is to use time series analysis to empirically showcase the nexus between macroeconomic fundamentals and stock prices in Nigeria. The method used for this study was the Co-integration test and the EGARCH technique to estimate the possible influence of the selected macroeconomic fundamentals on stock prices. Volatility was captured by using quarterly data and estimated using GARCH (1,1) respectively. The study found there is a positive relationship between macroeconomic factors and stock prices in Nigeria. Therefore, the study recommends that the Federal authority should put in place policy measures that will enable the exchange rate to be relatively stabilized. This is because empirical evidence from studies has shown that exchange rate affects stock market prices. In addition, the government authority should ensure an enabling environment that would build the mindset of institutional investors in the Nigerian stock market due to the existence of information asymmetry problems among potential investors.

Parole chiave

  • Time series Model
  • Stock Market
  • EGARCH
  • Macroeconomic Policy
  • Nigeria
  • Financial Market
  • E-views
  • Macroeconomic impact
access type Accesso libero

Integrated Marketing Communication and Its Impact on Consumer Behavior

Pubblicato online: 10 Sep 2018
Pagine: 92 - 102

Astratto

Abstract

In the current economic context, characterized by extremely fierce competition directed at winning or retaining various consumer segments, as well as by an unprecedented technological boom, the marketers’ effort towards implementing new ways of communicating and bidding remains the only way to business success. Considered to be the most visible part of the marketing activity, integrated marketing communication tends to capture the attention of both providers and buyers especially, who need information from various sources to inform their purchasing decisions. Thus, the present paper aims to highlight the main tools which the specialists use in integrated marketing communication in their attempt to establish a permanent and efficient contact with both potential consumers and with actual consumers, as well as an analysis of secondary data sources regarding the impact false news broadcast through various media channels have on consumer perceptions.

Parole chiave

  • Integrated Marketing Communication
  • Media Communication Channels
  • Misinformation
  • Consumer Behavior
access type Accesso libero

Measuring Firm Performance: Testing a Proposed Model

Pubblicato online: 10 Sep 2018
Pagine: 103 - 114

Astratto

Abstract

Firm performance is a very complex and exhaustive concept. It can be related to many factors: starting with variables from balance sheet, income statement or cash-flow statement, continuing with research and development expenses or IT competences, and last but not least with intangible assets like human capital, goodwill, or brand value. The purpose of the present paper is to develop and test a model in order to measure firm performance by considering US companies that are ranked into the Global Fortune 500. In this study we used control variables (assets growth rate, net income growth rate and revenue growth rate) and depended variables – return on assets (ROA), debt to equity, research and development expenses to total operating expenses, environment, social and governance rating, Tobin‘s q – to measure firm performance. The article‘s findings suggest that when analyzing the firm performance much more factors must be considered.

Parole chiave

  • Firm performance
  • Model
  • US-based companies
access type Accesso libero

The Impact of the Asian Crisis on Governance: Does OECD Membership or Income Levels Matter?

Pubblicato online: 10 Sep 2018
Pagine: 115 - 130

Astratto

Abstract

We examine the impact of the 1997 Asian Crisis on governance. We look into how the crisis affected High-Income OECD, High-Income Non-OECD, Upper-middle Income, Lower- Middle Income, and Low Income Countries. For measures of governance, we use the World Bank’s Governance Indicators dataset which includes six measures of governance. We find that pre- and post-crisis, the ranking of each income group has not changed except for year 2004 when the High-Income Non-OECD Countries surpassed the High-Income OECD Countries in “Political Stability and Absence of Violence” category. In other words, our results show that, other than that exception in 2004, both pre- and post-crisis, the High-Income OECD Countries had the best governance measures, the High-Income Non-OECD Countries had the second best measures, and so on, in the order shown above. One point to note here: The High-Income Non- OECD Countries performed much better than the other groups after year 1998. After 1998, this group improved in all six dimensions of governance. We conclude that although crises affect all income groups, because of certain characteristics of the High-Income Non-OECD group, they tend to better react to crises.

Parole chiave

  • Governance
  • Asian Crisis
  • WGI
  • Economic Crisis
access type Accesso libero

Government Ownership in Listed Firms Around the World

Pubblicato online: 10 Sep 2018
Pagine: 131 - 146

Astratto

Abstract

Based on the first of its kind large-scale research on worldwide government ownership from 47 countries, the results show that government owners like to be the largest blockholders; if government is the largest blockholder, the size of its ownership is also quite big. Government ownership is mostly distributed in banks, infrastructure and public utility companies, and strategic manufacturing companies. While there are various theoretical arguments on the size and industry distribution of government ownership, this study provides first-ever empirical evidence. In sum, this paper contributes significantly and originally to our understanding on government ownership, and lay out further directions for future research on the complicated corporate governance issues of government ownership.

Parole chiave

  • Government Ownership
  • State Ownership
  • Blockholder
access type Accesso libero

Durable Rural Development Through the 2014 - 2020 National Rural Development Program

Pubblicato online: 10 Sep 2018
Pagine: 147 - 152

Astratto

Abstract

Rural Development Policy is a priority for the E.U., as half of the Union’s population lives in rural areas. This policy is focused on society’s durable development, under all its aspects: economic, social, cultural, and so on. The challenges which rural areas of member states face must be addressed, while at the same time applying European norms and standards for rural development. After Romania became a part of the E.U., rural areas here were supported through several national rural development programs, so as to create a durable and sustainable rural economy. Major changes are required to achieve this kind of development, such as replacing old agricultural structures, modernizing the village, while at the same time maintaining cultural and local identity. Rural areas in Romania are often affected by natural disasters. During the last 17 years, national rural development programs implied contracts worth billions of Euros. For instance, through the 2020 NRDP, a budget of 9.5 billion Euros was allocated, 8.1 billion Euros coming from E.U. funding and 1.34 billion Euros as national cofinancing. At the moment, Romania’s absorption degree for the 2020 NRDP is of 20% and is expected to surpass 50% by 2020. Another regional program includes the concept of Spatial Development - Romania - 2025. Spatial planning supports the avoidance of rural dispersion. The betterment of infrastructure is supported, such as access roads, expanding base utilities, consolidated works to prevent flooding or landslides, and so on.

Parole chiave

  • Rural Areas
  • Durable Development
  • Direct Payments
  • Financial Support
  • Spatial Planning
access type Accesso libero

Relevance of Big Data for Business and Management. Exploratory Insights (Part I)

Pubblicato online: 10 Sep 2018
Pagine: 153 - 163

Astratto

Abstract

Over the last few decades Big Data has impetuously penetrated almost every domain of human interest/action and it has (more or less consciously) become a ubiquitous presence of day to day life. The main questions this exploratory paper seeks to address (throughout its two parts) are the following: What is the (actual) impact of Big Data on Business & Management and How can businesses (through their management) leverage the potential of Big Data to their benefit? A gradual, step by step approach (based on literature review and a variety of secondary data) will guide the paper in search for answers to the abovementioned questions: starting with a concise history of the topic Big Data as reflected in academia and a critical content analysis of the Big Data concept, the paper will then continue by emphasizing some of the most significant realities and trends that characterize the supply-side of the big data industry; the second part of the paper is dedicated to the investigation of the demand-side of the big data industry – by highlighting some evidences (and projections) on the impact of big data analytics on Business & Management (both at aggregate and granular level) and exploring what companies could and should do (through their management) in order to best capitalize on the opportunities of big data and avoid/minimize the impact of its threats.

Parole chiave

  • Big Data
  • Big Data Analytics
  • Value
  • Business
  • Management
access type Accesso libero

Assessing the Impact of Technology Adoption on Human Touch Aspects in Healthcare Settings in Mauritius

Pubblicato online: 10 Sep 2018
Pagine: 164 - 178

Astratto

Abstract

This paper investigates the impact of technology adoption on human touch aspects in healthcare settings in Mauritius. Unstructured interviews, focus group discussions and overt observations were carried out in two phases with 27 healthcare professionals and 42 healthcare customers in the private sector over a period of five months as part of an exploratory study, followed by a pilot study where a survey was carried out among 31 participants who have also been exposed to private healthcare services in Mauritius. Survey findings have depicted that technology implementation in healthcare settings can represent a direct threat to human touch aspects. Although the outcome of service remains very important, the delivery of same service in terms of how, when and by whom it was delivered has been seen to be as important. Healthcare customers are normally in a vulnerable state requiring appropriate human touch in the service delivery. Moreover, they also expect fast, efficient and effective services which eventually create a pressing need for consequent use of technology. Therefore, the balance between technology and human touch aspects was found to be a determinant of service quality enforcement and customer satisfaction for healthcare customers. This paper demonstrates that implementing technology in healthcare nowadays is inevitable for proper service delivery, however, it is imperative to preserve human touch aspects at all times during health service encounters. This pioneer study also acts as a guide for health care practitioners to derive the best strategies to maintain a good equilibrium between technology adoption and human touch aspects in all healthcare services in the context of developing state such as Mauritius.

Parole chiave

  • Technology
  • Healthcare
  • Mauritius
  • Human touch
access type Accesso libero

Country-of-Origin Effects on Consumer Buying Behaviours. A Case of Mobile Phones

Pubblicato online: 10 Sep 2018
Pagine: 179 - 201

Astratto

Abstract

In the period of market globalisation, global trade has changed immensely. Country-of – origin play a significant role in global marketing as it has created huge market opportunities for both firm and countries around the globe. Many companies are venturing in overseas market as they would benefit from a larger market share and lower cost of the goods and hence, these companies have to mention about the country-of-origin on the label of their products so that consumers can know where the goods originate from. This research will enable entrepreneurs and businesses who are in the commercial industry to have a better insight on the perception of consumers about the country-of-origin effects in the context of brands of mobile phones. The study further highlighted about the impact of a country’s image on the consumers’ purchase intentions. For this study, both qualitative and quantitative approach were used and both primary and secondary data were captured with the usage of convenience sampling technique. With evolutions in technology and mobile phones sectors, it was imperative to investigate on the above topic so as to reveal insightful details about country-of-origin effect on consumer buying behaviours as well as on country-of-manufacture and country-of-assembly.

Parole chiave

  • Country-of-origin
  • Consumer
  • Mobile
  • Marketing
  • Mauritius
access type Accesso libero

Imperfections in Our Future

Pubblicato online: 10 Sep 2018
Pagine: 202 - 212

Astratto

Abstract

Our future is polarized and unpredictable and means progress as this regards the evolution of technology that may bring about the union between man and machine as far as the present technological environment is enlarging. But, until then we have to face imperfections that are synonymous with the problems that affect humanity: aggression against some states, conflicts that need to be settled, discrepancy between the rich and the poor, the positive and negative influences of the internet, CO2 emissions in developed countries, redirecting towards markets with lower risk potential, even the battle with death. And, unfortunately we have the alienation of the modern man in a breakable world. We know that the future can become what we wish it to be as far as we have a purpose and positive outlooks and take the correct decisions.

Parole chiave

  • Evolution
  • Inequality
  • Technology
  • Dominate
  • Positive

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