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Volume 30 Number 1 Year 2014

26 articles in this issue 

Terrance Jalbert

This paper presents stock indices that reflect changes in both stock value and underlying currency value. An earlier study develops the first known currency adjusted stock index. This paper extends the literature by utilizing a better measure of US dollar... see more

 

Induck Hwang, Hyungtae Kim, Sangshin Pae

This study provides evidence on the association between equity-based compensation for outside directors and the implied cost of equity capital. Based on the premise that equity-based compensation for outside directors better aligns the interests of the di... see more

 

Taoufik Bouraoui, Ting Li

This paper examines the impact of adjustment in capital structure on 850 US acquirers business performance, within five years after mergers. We consider both leverage changes and adjustment in leverage deficit as our independent variables, and use Return ... see more

 

Dildar Hussain, Helene Lasage

The objective of this research is to explain the factors contributing toward consumers online video advertisement (OVA) avoidance behavior. Empirical data from 207 online consumers in France supports the hypotheses concerning the effect of relevance of co... see more

 

Frederic Teulon, Khaled Guesmi

The paper investigates the time-varying correlations between stock market returns and oil prices in oil-exporting countries. A multivariate GARCH-DCC process is employed to evaluate this relationship based on data from Venezuela, the United Arab Emirates,... see more

 

Abdelaziz Hakimi, Helmi Hamdi

In this paper, we examine whether there exist a linkage between the duration of a bank enterprise relationship and the performance of Tunisian firms. To this end, we collected data of 100 Tunisian companies for the period 2000-2007. By, applying panel dat... see more

 

Dirk Schneckenberg

Our paper presents a cross-sectional study of incentive systems for open innovation practices. Organisations face the challenge to design and implement strategic incentive systems which reward active contributions of individuals to open innovation practic... see more

 

Sheilla Nyasha, N. M. Odhiambo

This paper highlights the origin of the stock market in Kenya, and traces the reforms that have been undertaken to develop the stock market. It also highlights the growth of the Kenyan stock market, as well as the challenges currently facing the market. T... see more

 

Linh-Chi Vo, Eleonore Mounoud

Knowledge management implementation frameworks in the literature tend to provide one-fit-all models, assuming homogeneous organizational contexts and passive recipient organizations. This is an important drawback, as knowledge management (KM), like any ma... see more

 

Gerhardus van der Westhuizen

Data Envelopment Analysis (DEA) in conjunction with financial ratios is used to estimate and compare the performance of the four largest South African banks over the period 2001 to 2011. DEA is used to estimate the relative technical, allocative, cost and... see more

 

Riaan J. Rudman

Significant changes have taken place on the internet in recent years. The most prominent is the introduction of Web 2.0 technologies (Web 2.0), which promotes sharing and collaboration. This study investigates the usage patterns, and awareness levels of t... see more

 

Tarek Miloud

This paper studies the presence of earnings management in initial public offerings (IPOs) of French firms. When the aim of earnings management is to increase the attractiveness of the offered shares it needs to go undetected by market participants. This i... see more

 

Han Ping, Bahaudin G. Mujtaba, Chen Xue

The shortage of migrant workers phenomenon is not only a reflection of the changing concept of occupation for Chinese migrant workers, but it also increases job opportunities for such workers. Migrant workers fight for higher wages through strikes and col... see more

 

Mabutho Sibanda, Merle Holden

Since the 1990s assets of institutional investors have remained elevated in comparison to those of deposit-taking financial institutions in South Africa. This paradigm shift in the financial markets has provoked the ongoing theoretical and empirical debat... see more

 

Seung Hwan Kim, Framarz Byramjee

Since the beginning of e-commerce, trustworthiness of commercial web sites has been a constant issue, and, very likely, it will continue to be. When an online shopper cannot trust a web site where he or she intends to make a purchase, the online shopper w... see more

 

Hasna Chaibi

This paper examines the industry impact on financing corporate growth. According to underinvestment and overinvestment problems, ?rms are more likely to have less debt capacity in their growth stage of life cycle. However, it is known that new economy fir... see more

 

Farai Kwenda, Merle Holden

This study analyses the determinants of short-term debt financing using the generalised method of moment (GMM) of estimation to attest whether it follows a partial adjustment process. The study analyses data collected for 92 firms listed on the JSE Securi... see more

 

Damrongrit Niammuad, Kulkanya Napompech, Suneeporn Suwanmaneepong

Product innovation is as a vital tool for nascent entrepreneurs seeking to achieve a competitive advantage. This study investigates the integrated and complex relationships that exist between innovation and entrepreneurship by using partial least squares ... see more

 

Laura Padilla Angulo, Faten Ben Slimane, Djaoudath Alidou

This study uses the London Stock Exchange (LSE), forced to demutualize due to major changes in its business environment, notably due to increased competition and technological advances, as field experiment to study corporate governance restructuring to ad... see more

 

Kam C. Chan, Barbara Farrell, Patricia Healy

The Public Company Accounting Oversight Board (PCAOB) issued a concept release in 2011 which proposes a mandatory audit firm rotation. However, PCAOB indicates that there is a limited amount of empirical data and research evidence on the potential costs a... see more

 

Ted D. Englebrecht, Calee Jo Holcombe, Kristie Murphy

Reasonable compensation is an often litigated issue in the Tax Court. This frequency of discord arises from the tax codes lack of definitive criteria for determining reasonableness. Moreover, classification of payments to shareholder-employees of closely ... see more

 

Frederic Teulon, Khaled Guesmi, Saoussen Jebri

The paper applies Markov Regime Switching GARCH Model (SW-GARCH) to investigate the volatility behavior of strategies hedge fund monthly returns for the period 1997-2011. The results highlight two different regimes: The first regime is characterized by a ... see more

 

David Salerno

This study investigates the impact that the quality of reported earnings has on the accuracy of financial analysts earnings forecasts. Extant research indicates that earnings attributes are important considerations to users of accounting information. One ... see more

 

Intaher Marcus Ambe

This article investigates key indicators for optimising supply chain performance of light vehicle manufacturers in South Africa. The article is based on a survey conducted among light vehicle manufacturers in South Africa with origins in Asia and Europe. ... see more

 

Mohamed Arouri, Gazi Salah Uddin, Sanjib Chakraborty, Anissa Chaibi, Philippe Foulquier

This paper contributes to the literature by investigating the relationships between business activity, carbon dioxide (CO2) emissions, energy consumption in a developing country by taking into consideration the effects of ongoing industrialization and fin... see more

 

Irfan Akbar Kazi, Mohamed Mehanaoui, Farhan Akbar

This article investigates shift-contagion as defined by Forbes and Rigobon (2002) in 16 OECD member economies during most recent financial crisis i.e. global financial crisis (2008-2009) and European sovereign debt crisis (2009-2012), using multivariate a... see more