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Volume 32 Number 2 Year 2016

25 articles in this issue 

Omar Farooq

The purpose of this paper is to document the performance of analyst recommendations for biotechnology firms listed at the Copenhagen Stock Exchange during the period between 2001 and 2010.  Our results show that analysts are able to reveal value rele... see more

 

Sajjad M. Jasimuddin, Munir Maniruzzaman

Resource nationalism is building momentum across oil-endowed countries. Transnational corporations (TNCs) have to effectively address the emerging scenarios that are caused by the resurgence in resource nationalism. This is clearly a diserable focus that ... see more

 

Johannes P. van der Weshuizen, Martin West

The purpose of this research focused on integration and alignment of maintenance and logistics functions in a large ERP system in an oil and gas company to demonstrate how cross-functional integration can improve operations. A design science approach has ... see more

 

Vusani Moyo

Empirical studies on the impact of regulation on the financial policies of banks have documented that unconstrained forward-looking banks with sufficient franchise value build and actively maintain capital buffers. This financing behaviour thus relegates ... see more

 

Lamya Kermiche, Philippe Dupuy

According to general asset pricing theory, options should reward their holders for the systematic risk they are bearing. In this paper, we study the returns of foreign exchange options. We find that, by sorting options according to the distance of their i... see more

 

Jaegun Lee, Moon-Goo Huh

This study addresses how external knowledge sources affect product innovation by examining innovating Korean manufacturers surveyed by STEPI in 2012. The external knowledge source of the company is classified in STI mode (science-technology-innovation) on... see more

 

Arif Mohammad Arshad, Jie Wang, Qin Su

The aim of this paper is to investigate the relationship between total quality management (TQM), service innovation and firm performance in the Pakistan’s service industry. An empirical survey was performed and there were 190 participants from financial s... see more

 

Tarek Miloud

Using high frequency Euronext Paris data, the paper examines the market microstructure trading characteristics of venture backed initial public offerings (IPOs) in the French market. Previous North American market studies approve the role played by ventur... see more

 

Nico Schutte, Nicolene Barkhuizen

The main objective of this research was to determine the interactive relationship between human resource management (HRM) professional competencies and background variables of employees in diverse South African work place context. A Human Resource profess... see more

 

Won-Jun Lee, Seungjae Shin

Smartphone addiction is a new phenomenon when a smartphone becomes a necessity in our daily life. This study explores smartphone addiction drivers and their results. Four factors such as ease of use, emotional lift, preference of social interaction, and f... see more

 

Sorah Park

This study investigates the differential effect of the Sarbanes-Oxley Act of 2002 (“SOX”) on unsophisticated individual investors and sophisticated institutional investors. I examine the relationship between abnormal stock returns around quarterly earning... see more

 

Ewert P. J. Kleynhans

This article applied regressions and panel data analysis to determine how micro-economic spillovers enhance the competitiveness of firms and industries. What made this study unique was that it considered the interactions between various spillover factors ... see more

 

Kim Viljoen, M. Roberts-Lombard

This article has been retracted and now appears in the Journal of Applied Business Research (JABR), Issue 32.3.  For more information, please visit: http://www.cluteinstitute.com/ojs/index.php/JABR/article/view/9669

 

Dean E. Frost

This empirical study explored the development of implicit leadership theories among 16 to 18 year-old students in secondary schools prior to any formal leadership training or full-time employment.  Students from governance, athletics, clubs, performa... see more

 

Chris van Heerden

The traditional Capital Asset Pricing Model (CAPM) suggests that the minimum return required by an investor should be equal to the return of a risk-free asset (Reilly & Brown, 2003), which should be stable (Reilly & Brown, 2006), not influenced by externa... see more

 

Hyun-Ah Lee

This study aims to verify the usefulness of the tax avoidance proxy developed by Desai and Dharmapala (2006) in the setting where accounting-tax alignment is relatively high and aggressive tax planning is restricted. By using a large set of firms in Korea... see more

 

Myungki Cha, Kookjae Hwang, Youngjun Yeo

In this study, we investigate the relationship between credit ratings and audit opinions of financially distressed companies impending bankruptcy. Using Korean publicly-held firms for the years 2007 through 2014, we analyze 97 bankrupt companies with cred... see more

 

Seung Yin Ha, Gun Hee Lee, Bum Seok Kim

This study examines the efficiency of Korean manufacturing SMEs through data envelopment analysis. We divide business processes into support activities (e.g., business management and product planning) and primary activities (e.g., production and sales and... see more

 

Amir Ikram, Qin Su, Muhammad Asif Sadiq

The empirical study was conducted to examine the technical efficiency of SMEs in the export-oriented surgical instruments cluster of Sialkot, Pakistan. Data was collected through survey questionnaire from 70 SMEs, listed at Census of Manufacturing Industr... see more

 

Ji-Young Ahn

This study examines the possibility that the quality of corporate governance has effects on the dynamic relationship between CEO compensation and firm performance. Building on the dynamic view of CEO pay and firm performance and corporate governance liter... see more

 

Elisabetta Mafrolla, Felice Matozza, Eugenio D'Amico

Private firms adopt Enterprise Risk Management (ERM) practices voluntarily. Using results of a survey that involved 78 respondents, we investigate the adoption of ERM practices in Italian private corporations and question whether ERM adoption is affected ... see more

 

Sanghyuk Byun, Youngjoo Lee, Ohjin Kwon

This study examines the effect of the abnormal pay dispersion on earnings management. Prior studies find that pay dispersion among top executives affect firm performance and executive turnover. We expect that abnormal pay dispersion among top executives a... see more

 

Jianling Wang, Mi Zhou, Lijun Lei, Weiguo Fan

This paper attempts to investigate the relation between pyramidal structure and corporate social responsibility (CSR) reporting quality and the effect of political interference on the relation. Based on 1388 Chinese A-share listed firms during 2010-2012, ... see more

 

Paul Moon Sub Choi, Jinhwan Oh, Changsu Ko

This study examines the relationship between the size of a country and its “take-off” for economic development. We find that most countries which experienced economic upheavals in the past decades are relatively small in terms of area. Specifically, take-... see more