26 articles in this issue
Aurelie Sannajust, Mohamed Arouri, Frederic Teulon
This article contributes to the financial literature by investigating the motivations of Public to Private transactions in an international perspective (Europe, USA and Asia). We consider seven main possible motivations: tax savings, incentive realignment... see more
Terrance Jalbert
A recent research stream develops currency adjusted stock indices. The analysis in previous papers is limited to daily closing data. This paper extends the existing body of literature by examining tick data. We examine tick data from 2002 through 2013 for... see more
Anissa Chaibi, Sabrina Alioui, Bing Xiao
According to the size effect, small cap securities generally generate greater returns than those of large cap securities. Recent studies have however suggested that for certain periods, size cannot be considered as a relevant explanatory variable, and the... see more
Seungjae Shin, Jack E. Tucci
Wal-Mart has been a leader in the retail industry since 1980s. In the 21st century, Wal-Marts RFID initiative is another innovation for Wal-Marts supply chain management. Wal-Marts recent business target in the 21Century is making a higher sales growth ra... see more
Valentina Stan, Barbara Caemmerer
While the development of a partner orientation is critical for the achievement of strategic organizational objectives, little is known about the components of such an orientation and how they impact on partner satisfaction in service operations contexts. ... see more
Nak Gulid
The purpose of this research is to study factors influencing Thai tourist loyalty concerning travel by sea to create a competitive advantage and value added to seaside attractions. This research employs quantitative analysis. The researcher collected data... see more
Baolei Qi, Bin Li, Gaoliang Tian
In this paper, we analyze the variance in audit quality among a broad cross-section of listed firms in Chinese stock market from 1999 to 2012. The purpose of the analysis is to identify the importance of audit firm, audit client, and engagement auditor ef... see more
Sabri Boubaker, Amal Hamrouni, Qi-Bin Liang
This paper examines the relative performance of several corporate governance factors, specifically the characteristics of boards of directors, managerial ownership, and voluntary disclosure, in improving firm information environments. The paper uses a new... see more
Alice Robineau, Marc Ohana, Sophie Swaton
The last economic crisis raised huge challenges for nonprofit organizations. It is now critical for them to show not only their social legitimacy but also their efficiency and competency to claim for grants (Kearns, Bell, Deem, & McShane, 2014). For nonpr... see more
Mercy Mpinganjira
Online retailing is a new but fast growing phenomenon in many countries around the world. The fast pace at which it is growing is resulting in stiff competition on the online market space. Many firms now realise that they cannot only rely on low prices as... see more
Frantz Maurer, S. Owen Williams
This article presents the two methods of constructing exchange traded funds and questions whether investors should privilege one structure over the other. To do so, the authors detail the sources of tracking error and risks inherent in each method. As syn... see more
Kyungho Kim, Hyunwoo Lim
This study carefully explores how the established relationship among environmental performance, environmental strategy, and financial performance matters across heterogeneously performing groups. For this purpose, we employ a sample of companies operating... see more
Joseph Chisasa
This paper analyses the role of credit on the performance of smallholder farmers in South Africa. Applying survey data involving 362 respondents from North West and Mpumalanga provinces the study utilises the Ordinary Least Squares to estimate the Cobb-Do... see more
Neda Vitezi?, Vanja Vitezi?
The main objective of this research is to investigate the role of controlling in the innovation management process respecting sustainability. The question of interest is whether controlling is involved in the innovation management process and how to measu... see more
Azza Bejaoui, Adel Karaa, Emna Mahat
This study investigates the duration dependence of Tunisian stock market over the period from January 07, 1998 to March 29, 2013; using two-state Duration Markov-switching model. Through this model, duration dependence is emphasized in the conditional mea... see more
Chris van Heerden
Although the general assumption is that daily and monthly return data are normally distributed (Aparicio & Estrada, 2001), the correct statistical distribution of returns must first be established (Linden, 2001), as it constitutes one of the elementary bu... see more
Imene Debbiche, Oubeid Rahmouni
Unlike trade liberalization, the impact of financial openness on growth is still mitigated. In fact, empirical studies focusing on effects of capital account liberalization are inconclusive, which could be due to the sample chosen, to the liberalization i... see more
Faten Ben Bouheni, Houssem Rachdi
We extend exiting literature on the efficiency of capital adequacy requirements in reducing risk-taking behaviour of Tunisian commercial banks using a new risk measure: the weighted-assets to total assets. To that end, using a simultaneous equations frame... see more
Busani Dube, Mornay Roberts-Lombard, Estelle van Tonder
The general misuse of the focus group method may have quality implications for decision-making processes of organisations across the industry spectrum and for further research. To assist in addressing the problem, this study sought to uncover the challeng... see more
Bader Alhashel
This paper examines the situation in which a utility maximizing agent holds a portfolio composed of a Real Asset and a proportion of a market portfolio. The Real Asset is indivisible, and its sale is irreversible and results in a one-time payment. The que... see more
Ahmed Anis Charfi, Eric Lombardot
Websites managers want the consumption experience to be central in the online visit. This study analyzes the effects of experiential components of a website on the online experience. Through experimentation, we handle three elements of the merchant enviro... see more
M. Dhurup
Research within the domain of job satisfaction has brought about renewed interest among human resource practitioners and researchers in the past twenty years. Furthermore, many studies have examined the antecedents of job satisfaction in various organisat... see more
Olfa Kaabia
Our paper conducts an asset pricing perspective to investigate OECD equity markets co-movements and contagion during different crises. The paper aims at distinguishing between changes in cross-markets linkages during a crisis, on the one hand, and strong ... see more
Samet Gunay
In this study, we analyzed whether daily returns of Brent crude oil, dollar/yen foreign exchange, Dow&Jones Industrial Average Index and 12-month libor display power law features in the scaling exponent and probability distributions or not, using differen... see more
Ji-Young Ahn
This study examines multi-year dynamic response of CEO compensation to firm performance. Multi-period agency theories posit that the CEO's current performance can be compensated both today and tomorrow. This study investigates the dynamic view of CEO pay ... see more
Philip J. Trocchia, Ruby Q. Saine, Michael G. Luckett
Although aspirational brands are commonly referred to in the business literature, no consistent definition exists for the term. Further, aspirational brand is often used interchangeably with the term luxury brand. This study aims to conceptually define th... see more