Abstract: Technology transfer by international trade and
foreign direct investment is the most important positive
outcome of open economy. It is widely accepted that new
technology and knowledge have an important role in
enhancing economic growth. Human capital is the other
important factor assisting economic growth. In this study, the
role of human capital in the growth process is examined in a
view of new endogenous growth theory emphasizing on the
technology transfer resulting from international trade. Using
the panel data of 10 developed and 10 developing countries,
impact of human capital and openness on the rate of economic
growth of different countries is analysed. Evidence suggests
the view that human capital and openness contribute to the
economic growth in both developing and developed countries,
but with different rates.
Abstract: Performance appraisal of employee is important in
managing the human resource of an organization. With the change
towards knowledge-based capitalism, maintaining talented
knowledge workers is critical. However, management classification
of “outstanding", “poor" and “average" performance may not be an
easy decision. Besides that, superior might also tend to judge the
work performance of their subordinates informally and arbitrarily
especially without the existence of a system of appraisal. In this
paper, we propose a performance appraisal system using
multifactorial evaluation model in dealing with appraisal grades
which are often express vaguely in linguistic terms. The proposed
model is for evaluating staff performance based on specific
performance appraisal criteria. The project was collaboration with
one of the Information and Communication Technology company in
Malaysia with reference to its performance appraisal process.
Abstract: The Economic factors are leading to the rise of
infrastructures provides software and computing facilities as a
service, known as cloud services or cloud computing. Cloud services
can provide efficiencies for application providers, both by limiting
up-front capital expenses, and by reducing the cost of ownership over
time. Such services are made available in a data center, using shared
commodity hardware for computation and storage. There is a varied
set of cloud services available today, including application services
(salesforce.com), storage services (Amazon S3), compute services
(Google App Engine, Amazon EC2) and data services (Amazon
SimpleDB, Microsoft SQL Server Data Services, Google-s Data
store). These services represent a variety of reformations of data
management architectures, and more are on the horizon.
Abstract: After the accounting scandals and the financial crisis, regulators have stressed the need for more financial experts on boards. Several studies conducted in countries with developed capital markets report positive effects of board financial competencies. As each country offers a different context and specific institutional factors this paper addresses the subject in the context of Romania. The Romanian capital market offers an interesting research field because of the heterogeneity of listed firms. After analyzing board members education based on public information posted on listed companies websites and their annual reports we found a positive association between the proportion of board members holding a postgraduate degree in financial fields and market based performance measured by Tobin q. We found also that the proportion of Board members holding degrees in financial fields is higher in bigger firms and firms with more concentrated ownership.
Abstract: This paper outlines the research conducted to propose na framework of 'Knowledge Society' (KS) in the Malaysian context.
It is important to highlight that the emergence of KS is a result of the rapid growth in knowledge and information. However, the discussion
of KS should not only be limited to the importance of knowledge, but a holistic KS is also determined by other imperative dimensions. This
article discusses the results of a study conducted previously in Malaysia in order to identify the essential dimensions of KS, and
consequently propose a KS framework in the Malaysian context.
Two methods were employed, namely the Delphi technique and semi-structured interviews. The modified Delphi involved five
rounds with ten experts, while the interviews were conducted with two prominent figures in Malaysia. The results support the proposed
framework which contains seven major dimensions in order for Malaysia to become a KS in the future. The dimensions which are
crucial for a holistic Malaysian KS are human capital, spirituality, economy, social, institutional, sustainability, and driven by the ICT.
Abstract: Transferring information developed by other peoples is an ordinary event that happens during daily conversations, for example when employees sea each other in the organization, or when they are having lunch together, or attending a meeting, they use to talk about their experience, and discuss about their current projects, and talk about their successes over some specific problems. Despite the potential value of leveraging organizational memory and expertise by using OMS and ER, still small organizations haven-t been able to capitalize on its promised value. Each organization has its internal knowledge management system, in some of organizations the system face the lack of expert people to save their experience in the repository and in another hand on some other organizations there are lots of expert people but the organization doesn-t have the maximum use of their knowledge.
Abstract: Operational risk has become one of the most discussed topics in the financial industry in the recent years. The reasons for this attention can be attributed to higher investments in information systems and technology, the increasing wave of mergers and acquisitions and emergence of new financial instruments. In addition, the New Basel Capital Accord (known as Basel II) demands a capital requirement for operational risk and further motivates financial institutions to more precisely measure and manage this type of risk. The aim of this paper is to shed light on main characteristics of operational risk management and common applied methods: scenario analysis, key risk indicators, risk control self assessment and loss distribution approach.
Abstract: Many studies have been conducted for derivation of
attenuation relationships worldwide, however few relationships have
been developed to use for the seismic region of Iranian plateau and
only few of these studies have been conducted for derivation of
attenuation relationships for parameters such as uniform duration.
Uniform duration is the total time during which the acceleration is
larger than a given threshold value (default is 5% of PGA). In this
study, the database was same as that used previously by Ghodrati
Amiri et al. (2007) with same correction methods for earthquake
records in Iran. However in this study, records from earthquakes with
MS< 4.0 were excluded from this database, each record has
individually filtered afterward, and therefore the dataset has been
expanded. These new set of attenuation relationships for Iran are
derived based on tectonic conditions with soil classification into rock
and soil. Earthquake parameters were chosen to be
hypocentral distance and magnitude in order to make it easier to use
the relationships for seismic hazard analysis. Tehran is the capital
city of Iran wit ha large number of important structures. In this study,
a probabilistic approach has been utilized for seismic hazard
assessment of this city. The resulting uniform duration against return
period diagrams are suggested to be used in any projects in the area.
Abstract: Knowledge capabilities are increasingly important for
the innovative technology enterprises to enhance the business
performance in terms of product competitiveness, innovation and
sales. Recognition of the company capability by auditing allows them
to further pursue advancement, strategic planning and hence gain
competitive advantages. This paper attempts to develop an
Organizations- Knowledge Capabilities Assessment (OKCA) method
to assess the knowledge capabilities of technology companies. The
OKCA is a questionnaire-based assessment tool which has been
developed to uncover the impact of various knowledge capabilities on
different organizational performance. The collected data is then
analyzed to find out the crucial elements for different technological
companies. Based on the results, innovative technology enterprises are
able to recognize the direction for further improvement on business
performance and future development plan. External environmental
factors affecting organization performance can be found through the
further analysis of some selected reference companies.
Abstract: This study aimed to develop and initially validate an instrument that measures social competency among tertiary level faculty members. A review of extant literature on social competence was done. The review of extant literature led to the writing of the items in the initial instrument which was evaluated by 11 Subject Matter Experts (SMEs). The SMEs were either educators or psychologists. The results of the evaluations done by the SMEs served as bases for the creation of the pre-try-out instrument used in the first trial-run. Insights from the first trial-run participants led to the development of the main try-out instrument used in the final test administration. One Hundred Forty-one participants from five private Higher Education Institutions (HEIs) in the National Capital Region (NCR) and five private HEIs in Central Luzon in the Philippines participated in the final test administration. The reliability of the instrument was evaluated using Cronbach-s Coefficient Alpha formula and had a Cronbach-s Alpha of 0.92. On the other hand, Factor Analysis was used to evaluate the validity of the instrument and six factors were identified. The development of the final instrument was based on the results of the evaluation of the instrument-s reliability and validity. For purposes of recognition, the instrument was named “Social Competency Inventory for Tertiary Level Faculty Members (SCI-TLFM)."
Abstract: The interdependences among stock market indices
were studied for a long while by academics in the entire world. The
current financial crisis opened the door to a wide range of opinions
concerning the understanding and measurement of the connections
considered to provide the controversial phenomenon of market
integration. Using data on the log-returns of 17 stock market indices
that include most of the CEE markets, from 2005 until 2009, our
paper studies the problem of these dependences using a new
methodological tool that takes into account both the volatility
clustering effect and the stochastic properties of these linkages
through a Dynamic Conditional System of Simultaneous Equations.
We find that the crisis is well captured by our model as it provides
evidence for the high volatility – high dependence effect.
Abstract: The purpose of this study is to identify the underlying
causes of late payment from the contractors- perspective in the
Malaysian construction industry and to recommend effective solutions
to mitigate late payment problems. The target groups of respondents in
this study were Grades G3, G5, G6 and G7 contractors with
specialization in building works and civil engineering works registered
with the Construction Industry Development Board (CIDB) in
Malaysia. Results from this study were analyzed with Statistical
Package for the Social Science (SPSS 15.0). From this study, it was
found that respondents have highest ranked five significant variables
out of a total of forty-one variables which can caused late payment
problems: a) cash flow problems due to deficiencies in client-s
management capacity (mean = 3.96); b) client-s ineffective utilization
of funds (mean = 3.88); c) scarcity of capital to finance the project
(mean = 3.81); d) clients failure to generate income from bank when
sales of houses do not hit the targeted amount (mean=3.72); and e)
poor cash flow because of lack of proper process implementation,
delay in releasing of the retention monies to contractor and delay in the
evaluation and certification of interim and final payment (mean =
3.66).
Abstract: The aim of the article is extending and developing
econometrics and network structure based methods which are able to
distinguish price manipulation in Tehran stock exchange. The
principal goal of the present study is to offer model for
approximating price manipulation in Tehran stock exchange. In order
to do so by applying separation method a sample consisting of 397
companies accepted at Tehran stock exchange were selected and
information related to their price and volume of trades during years
2001 until 2009 were collected and then through performing runs
test, skewness test and duration correlative test the selected
companies were divided into 2 sets of manipulated and non
manipulated companies. In the next stage by investigating
cumulative return process and volume of trades in manipulated
companies, the date of starting price manipulation was specified and
in this way the logit model, artificial neural network, multiple
discriminant analysis and by using information related to size of
company, clarity of information, ratio of P/E and liquidity of stock
one year prior price manipulation; a model for forecasting price
manipulation of stocks of companies present in Tehran stock
exchange were designed. At the end the power of forecasting models
were studied by using data of test set. Whereas the power of
forecasting logit model for test set was 92.1%, for artificial neural
network was 94.1% and multi audit analysis model was 90.2%;
therefore all of the 3 aforesaid models has high power to forecast
price manipulation and there is no considerable difference among
forecasting power of these 3 models.
Abstract: In this research relationship between to be smooth the
interest and output of accepted companies stock at negotiable paper
exchange of Tehran is studied. Static community capacity included
363 companies member of negotiable paper exchange of Tehran that
54 companies were, by considering research limitation, selected from
2004 to 2009. Needed data for model test in librarian method was
chosen from RAH AVARDE NOVIN informative banks, TADBIR
and collecting needed data was selected from Tehran negotiable
paper exchange archive. Given results show that in spite of belief
among people based on companies have more smooth interest have
more output, but resulted outcomes of test-done reveals that there is
no relation between smooth interest and stock output.
Abstract: The aim of this article is to assess the existing
business models used by the banks operating in the CEE countries in
the time period from 2006 till 2011.
In order to obtain research results, the authors performed
qualitative analysis of the scientific literature on bank business
models, which have been grouped into clusters that consist of such
components as: 1) capital and reserves; 2) assets; 3) deposits, and 4)
loans.
In their turn, bank business models have been developed based on
the types of core activities of the banks, and have been divided into
four groups: Wholesale, Investment, Retail and Universal Banks.
Descriptive statistics have been used to analyse the models,
determining mean, minimal and maximal values of constituent
cluster components, as well as standard deviation. The analysis of
the data is based on such bank variable indices as Return on Assets
(ROA) and Return on Equity (ROE).
Abstract: This paper presents the effects of migration at the
urban sites with an integrated model under the sustainable local
development policies for the conservation and revitalization of the
site areas as a case at Reyhan heritage site in Bursa. It is known as
the “City of immigrants" because of its richness of cultural plurality.
The city has always regarded the dynamic impact of immigration as a
positive contribution. As a result of this situation, the city created the
earliest urbanization practices: being the first capital city of the
Ottoman Empire. Bursa created the first modern movement practices
and set the first Organized Industrial Zone. The most important aim
of the study is to be offer a model for the similar areas with the
context of conservation and revitalization of the historical areas,
subjected to the local integrated sustainable development policies of
local goverments.
Abstract: Algae-based fuel are considered a promising sources
of clean energy, and because it has many advantages over traditional
biofuel, research and business ventures have driven into developing
and producing Algal-biofuel. But its production stages create a cost
structure that it is not competitive with traditional fuels. Therefore,
cost becomes the main obstacle in commercial production purpose.
However, the present research which aims at using cost structure
model, and designed MS-Dose program, to investigate the a mount of
production cost and determined the parameter had great effect on it,
second to measured the amount of contribution rate of algae in
process the pollution by capturing Co2 from air . The result generated
from the model shows that the production cost of biomass is between
$0.137 /kg for 100 ha and $0.132 /kg for 500 ha which was less than
cost of other studies, while gallon costs between $3.4 - 3.5, more
than traditional sources of oil about $1 ,which regarded as a rate of
contribution of algal in capturing CO2 from air.
Abstract: The objective of this paper is to construct a creativity
composite index designed to capture the growing role of creativity in
driving economic and social development for the 27 European Union
countries.
The paper proposes a new approach for the measurement of EU-27
creative potential and for determining its capacity to attract and
develop creative human capital. We apply a modified version of the
3T model developed by Richard Florida and Irene Tinagli for
constructing a Euro-Creativity Index. The resulting indexes establish
a quantitative base for policy makers, supporting their efforts to
determine the contribution of creativity to economic development.
Abstract: Rice, which is the staple food in Sierra Leone, is
consumed on a daily basis. It is the most imperative food crop
extensively grown by farmers across all ecologies in the country.
Though much attention is now given to rice grain production through
the small holder commercialization programme (SHCP), however, no
attention has been given in investigating the limitations faced by rice
producers. This paper will contribute to attempts to overcome the
development challenges caused by food insecurity. The objective of
this paper is thus, to analysis the relationship between rice production
and the domestic retail price of rice. The study employed a log linear
model in which, the quantity of rice produced is the dependent
variable, quantity of rice imported, price of imported rice and price of
domestic rice as explanatory variables. Findings showed that, locally
produced rice is even more expensive than the imported rice per ton,
and almost all the inhabitants in the capital city which hosts about
65% of the entire population of the country favor imported rice, as it
is free from stones with other impurities. On the other hand, to
control price and simultaneously increase rice production, the
government should purchase the rice from the farmers and then sell to private retailers.
Abstract: Intellectual capital reporting becomes critical at
universities, mainly due to the fact that knowledge is the main output
as well as input in these institutions. In addition, universities have
continuous external demands for greater information and
transparency about the use of public funds, and are increasingly
provided with greater autonomy regarding their organization,
management, and budget allocation. This situation requires new
management and reporting systems. The purpose of the present study
is to provide a model for intellectual capital report in Spanish
universities. To this end, a questionnaire was sent to every member of
the Social Councils of Spanish public universities in order to identify
which intangible elements university stakeholders demand most. Our
proposal for an intellectual capital report aims to act as a guide to
help the Spanish universities on the road to the presentation of
information on intellectual capital which can assist stakeholders to
make the right decisions.