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Volume 31 Number 2 Year 2015

29 articles in this issue 

Lanouar Charfeddine, Mohamed Arouri, Frederic Teulon

This paper uses panel data from 271 U.S. firms to empirically examine the relationship between the departure of a firms CEO and that firms performance. Results of our analysis reveal a significant relationship between CEO departure and firm performance. S... see more

 

Hela Miniaoui, Hameedah Sayani, Anissa Chaibi

We study performance of Islamic and conventional indices of the Gulf Cooperation Council (GCC) countries in the wake of financial crisis of 2008 and test whether Islamic indices were less risky than conventional indices. We make use of data of the six GCC... see more

 

Valentina Stan

The objective of this work is to propose and test a conceptual framework that considers customer satisfaction, store image, perceived value and switching costs as antecedents of customer loyalty. In addition, we examine the moderating effect of switching ... see more

 

Kayondo Denis Mukasa, Hyunwoo Lim, Kyungho Kim

This study applies the stakeholder theory and explores how corporate social responsibility (CSR) activities are associated with corporate reputation. In particular, we investigate how charitable contributions and toxic emissions as proxies for CSR activit... see more

 

Sonja Treven

Numerous management practices have emerged in recent years in response to competitive pressures calling for improved enterprises working and behavior. Despite the relevance of this phenomenon there are limited research evidences about comprehensive compar... see more

 

Nadia Loukil

This paper explores how feedback prices influence firms' investment on asset liquidity through stock liquidity. Using a sample of the Tunisian listed firms between 1999 and 2010, empirical results confirm that stock market liquidity plays a significant ro... see more

 

E. Hachemi Aliouche, Dominique Bonet Fernandez, Odile Chanut, Nadjoua Gharbi

Franchising has become a dominant model of retailing in the Western world and is rapidly expanding in emerging countries. This paper is an attempt to explain the significant differences in the development of franchising in three emerging countries: Morocc... see more

 

Paul S. Radikonyana, Ernie Heath, Felicite Fairer-Wessels, J.J. Prinsloo, Theuns G. Pelser

This article reports on a study that was conducted which aims to understand the optimal usage of e-marketing in sport mega-events with reference to the 2010 FIFA Soccer World CupTM which was held in South Africa. A conceptual framework to optimally l... see more

 

Laetitia Radder, Xiliang Han

This study determined whether Pine and Gilmores four experience economy realms (education, entertainment, escapism and esthetics) were represented by visitors experiences of three South African heritage museums, evaluated whether their experience expectat... see more

 

Wanli Li, Weiwei Gao, Wei Sun

Recent empirical papers report managers learning in merger and acquisition (M&A) decisions and family control is central in many countries. Does learning exist in family firms financing decisions? Based on the announced private placements from Chinese fam... see more

 

Joseph Chisasa, Daniel Makina

In this paper we investigate the dynamic relationship between bank credit and agricultural output in South Africa using time series data from 1970 to 2011. Using the Johansen cointegration test, we observe bank credit and agricultural output to be cointeg... see more

 

K.M Makhitha

The purpose of the study was to investigate the buyer behaviour of craft retailers in South Africa (SA). Specifically, the study investigated the stages in the buying process craft retailers go through when buying crafts from the craft producers. Craft re... see more

 

Prakash Singh, Thembinkosi Twalo

What constitutes unethical behaviour and its mismanagement is the focus of this article. This includes the transgression of moral norms by employees such as greed, corruption, antisocial behaviour and the abuse of company assets for personal enrichment. A... see more

 

Nasreddine Saadouli

Training is a key task for ensuring that employees remain at a skill level that is conducive to productivity and to achieving the organizational objectives. However, training is a very costly investment. Hence, the resources allocated to training must be ... see more

 

Chris van Heerden, Gary van Vuuren

It is argued that the Basel III Accord will undermine the ROE of South African banks, and with the downgrading of South African banks during August 2014, will force investors to revaluate South African banking shares as attractive investment options. Howe... see more

 

Herve Fenneteau, Gilles Pache

It is common, nowadays, to read in academic studies that inter-organisational exchanges are dominated by a relational way of thinking rather than a transactional one. The increasing performance of supply chains results only from long term partnerships con... see more

 

Anthony Basile, Sheila Handy, Felisha N. Fret

As a result of notable frauds including Enron, WorldCom and Waste Management, the United States Congress enacted the Sarbanes-Oxley Act of 2002 (SOX). The Act would forever change the accounting profession. After a little more than a decade, publicly trad... see more

 

Rim Ben Hassen, Jihene El Ouakdi, Abdelwahed Omri

The objective of this paper is to highlight the impact of ownership discrepancy and type (managers, families, institutions) on executive compensation.Basedon a sample of French listed firms and using panel data regressions, the results show that capital c... see more

 

Amal Hamrouni, Anthony Miloudi, Ramzi Benkraiem

The present study empirically investigates the link between corporate voluntary disclosure and firm performance. The empirical analyses show a positive relationship between disclosure indexes and firm performance proxies. They provide evidence that the le... see more

 

Michael C. Cant, Johannes A. Wiid, Safura Mohamed Kallier

Deciding on the right products to offer to the market is a demanding and crucial task that requires understanding and insight into the customers needs and wants. This task is even more important and crucial for SMEs who in many instances have to rely on t... see more

 

Majdi Karmani, Aymen Ajina, Rym Boussaada

This study investigates the impact of corporate governance effectiveness on the market stock liquidity. It is innovative, since we study, on an order driven market, the global effect of corporate governance and the effect of specific governance sub-indexe... see more

 

Sabri Boubaker, Imen Derouiche, Majdi Hassen

The present study investigates the effects of family control on the value of corporate cash holdings. Using a large sample of French listed firms, the results show that the value of excess cash reserves is lower in family firms than in other firms, reflec... see more

 

Dorra Talbi, Mohamed Ali Omri, Khaled Guesmi, Zied Ftiti

This study seeks to provide empirical evidence of the efficacy of board characteristics in constraining management opportunism, measured by real earnings management. The paper uses regression analysis to document empirical evidence regarding the impact of... see more

 

Abe Harraf, Isaac Wanasika, Kaylynn Tate, Kaitlyn Talbott

The current competitive environment is characterized by high-intensity rivalry in a dynamic and uncertain environment. The ability to respond swiftly and effectively to these changes is a necessity that separates successful organizations from those that f... see more

 

Qunying Huo, Adrian Palmer

Online forums have become a popular means of communication, embracing the concept of customer co-creation defined by service dominant logic. Many company sponsored online forums fail to grow, whereas others rapidly achieve a scale at which they become sus... see more

 

Gyungmin Pyo, Yerim Chung

In this paper, we examine how inventory changes are related to the trading patterns of foreign and institutional investors, especially in firms with information asymmetry. Prior researchers report that inventory changes could be associated with firm perfo... see more

 

Hyung-Suk Choi

In this paper I establish the presence of seasonality in cash flows to U.S. domestic mutual funds. January is the month with the highest net cash flows to equity funds and December is the month with the lowest net cash flows. The large net flows in Januar... see more

 

Kyong Soo Choi, Se Joong Lee, Soo Yeon Park, Yong Keun Yoo

This study examines whether sell-side analysts fully incorporate into their earnings forecasts the joint effects between accounting conservatism and changes in real investment on the quality of current earnings. Our results indicate that sell-side analyst... see more

 

Eunho Cho, Sungbin Chun, Donseung Choi

We examine how multinational corporations (MNC) international diversification (ID) is related to their corporate social responsibility (CSR) activities in the domestic market. We also investigate whether corporate governance, specifically the conglomerate... see more