Abstract: According to the existing literature, companies manage analysts’ expectations of their future earnings by issuing pessimistic
earnings guidance to meet the expectations. Consequently, one could expect that markets price this pessimistic bias in advance and penalize companies more for lowering the guidance than reward for beating the guidance. In this paper we confirm this empirically. In addition we show that although guidance revisions have a statistically significant relation to stock returns, that is not the case with the actual earnings surprise. Reason for this could be that, after the annual earnings report also information on future earnings power is given at the same time.
Abstract: Assassination of politicians, school mass murders, purported suicides, aircraft crash, mass shootings by police, sinking of sea ferries, mysterious car accidents, mass fire deaths and horrificterror attacks are some of the cases that bring forth scientific and legal conflicts. Questions about truth, justice and human rights are raised by both victims and perpetrators/offenders as they seek to understand why and how it happened to them. This kind of questioning manifests itself in medical-criminological-legalpsychological and scientific realms. An agreement towards truthinvestigations for possible legal-political-psychological transitory issues such as prosecution, victim-offender mediation, healing, reconciliation, amnesty, reparation, restitution, and policy formulations is seen as one way of transforming these conflicts. Forensic scientists and pathologists in particular have formed professional groups where the complexities between legal truth and scientific truth are dramatized and elucidated within the anatomy of courtrooms. This paper focuses on how pathological truth and legal truth interact with each other in Kenya’s criminal justice system.
Abstract: While to minimize the overall project cost is always
one of the objectives of construction managers, to obtain the
maximum economic return is definitely one the ultimate goals of the
project investors. As there is a trade-off relationship between the
project time and cost, and the project delivery time directly affects the
timing of economic recovery of an investment project, to provide a
method that can quantify the relationship between the project delivery
time and cost, and identify the optimal delivery time to maximize
economic return has always been the focus of researchers and
industrial practitioners. Using genetic algorithms, this study
introduces an optimization model that can quantify the relationship
between the project delivery time and cost and furthermore, determine
the optimal delivery time to maximize the economic return of the
project. The results provide objective quantification for accurately
evaluating the project delivery time and cost, and facilitate the
analysis of the economic return of a project.
Abstract: In Egypt, the concept of Asset Management (AM) is
new; however, the need for applying it has become crucial because
deteriorating or losing an asset is unaffordable in a developing
country like Egypt. Therefore the current study focuses on
educational buildings as one of the most important assets regarding
planning, building, operating and maintenance expenditures. The
main objective of this study is to develop a SAMF for educational
buildings in Egypt. The General Authority for Educational Buildings
(GAEB) was chosen as a case study of the current research as it
represents the biggest governmental organization responsible for
planning, operating and maintaining schools in Egypt. To achieve the
research objective, structured interviews were conducted with senior
managers of GAEB using a pre designed questionnaire to explore the
current practice of AM. Gab analysis technique was applied against
best practices compounded from a vast literature review to identify
gaps between current practices and the desired one. The previous
steps mainly revealed; limited knowledge about strategic asset
management, no clear goals, no training, no real risk plan and lack of
data, technical and financial resources. Based on the findings, a
SAMF for GAEB was introduced and Framework implementation
steps and assessment techniques were explained in detail.
Abstract: Strategic alliances generally mean the cooperation or
collaboration between firms which pursue for a synergy that each
member hopes the benefits from the alliances would be much more
than those from individual efforts. Past researches provide us
sufficient theories and considerations for alliance forming in liner
shipping market. This research reviews important academic journals
for the past decade regarding to the most important reasons to form the
alliances. We would explain the motive of alliances and details of
shipping cooperation in literature review.
The paper also empirically investigates the key service quality
requirements improved through alliances by using quality function
deployment (QFD). Moreover, the research investigates famous
shipping reports, shipping consultant websites and most recent
shipping publications to find out the executive-s viewpoint of several
leading carriers among top 20 to assess current shipping strategic
alliance on Asia/Europe route. These comments provide meaningful
managerial reasons to consider alliance formations and search if there
is any gap between the theories and industrial practice. Analysis of the
empirical investigation and top management-s perspective on current
market situation will contribute us some meaningful managerial
suggestions to evaluate these theories applied to current strategic
alliances.
Abstract: At the end of the 17th Century the Greek orthodox
Archbishop in Venice -Meletios Typaldos- decided to turn the
doctrine of the orthodox Greeks into Catholicism. More than 5.000
Greeks were living in Venice then. Their leadership -the Greek
confraternity- fought against Meletios. Participants in this conflict
were the Pope, the ecumenical Patriarch in Constantinople and Peter
the Great of Russia. All the play according to my opinion -which is
followed by evidence and theoretical support is a strong conflict
between the two actors -the Archbishop and the Confraternity- and
the object of conflict is the change of the Greek orthodox beliefs to
Catholicism. Ethnicity especially for Greeks of the era is identified
with orthodoxy. So this was a conflict of identity. The results of that
conflict were of tremendous importance to the Greeks in Venice and
affected them for long.
Abstract: This study sought to uncover the complex role of
stress in the workplace by investigating both positive (eustress) and
negative (distress) stress responses. In particular, the study tested a
mediation model in which organisational stressors (person-job fit and
role overload) influence employee affective wellbeing, both directly
and indirectly through stress responses. Participants were recruited
from retail and finance organisations in Australia and New Zealand,
and asked to complete an anonymous online questionnaire. A total of
140 individuals returned completed questionnaires. The results show
that person-job fit influenced eustress, which in turn had a positive
effect on employee affective wellbeing; and role overload impacted
distress, which in turn held a negative influence on affective
wellbeing. These findings indicate that different organisational
stressors have unique relationships with eustress and distress
responses. Limitations and implications of the study are discussed.
Abstract: Intelligent Transportation System integrates various modern advanced technologies into the ground transportation system, and it will be the goal of urban transport system in the future because of its comprehensive effects. However, it also brings some problems, such as project performance assessment, fairness of benefiting groups, fund management, which are directly related to its operation and implementation. Wuhan has difficulties in organizing transportation because of its nature feature (river and lake), therefore, calling Service of Taxi plays an important role in transportation. This paper researches on calling Service of Taxi in Wuhan, based on quantitative and qualitative analysis. It analyzes its operations management systematically, including business model, finance, usage analysis and users evaluation. As for business model, it is that the government leads the operation at the initial stage, and the third part dominates the operation at the mature stage, which not only eases the pressure of the third part and benefits the spread of the calling service at the initial stage, but also alleviates financial pressure of government and improve the efficiency of the operation at the mature stage. As for finance, it draws that this service will bring heavy financial burden of equipments, but it will be alleviated in the future because of its spread. As for usage analysis, through data comparison, this service can bring some benefits for taxi drivers, and time and spatial distribution of usage have certain features. As for user evaluation, it analyzes using group and the reason why choosing it. At last, according to the analysis above, the paper puts forward the potentials, limitations, and future development strategies for it.
Abstract: The basic objective of this paper is to measure and
compare the profitability of investments made by the small and
marginal farmers of the state of West Bengal in floriculture shifting
from the traditional cultivation of paddy. A comparison of IRR is
made to establish the fact that cultivation of flowers yield higher
returns farmers whose land size is so small that viability of paddy
cultivation is raising a question mark. A detailed study of the price
behavior of the flower crop has been carried out in which the factors
leading to the volatility of the price and the dispersion of the range
have also been discussed. Finally the incremental incomes of the
farmers have been calculated with the help of imputed income from
paddy cultivation and the reported income from the selected flowers.
The study shows that the farmers stand gainers if they opt for flower
cultivation.
Abstract: This research explores on the development of the structure of Carbon Credit Registry System those accords to the need of future events in Thailand. This research also explores the big picture of every connected system by referring to the design of each system, the Data Flow Diagram, and the design in term of the system-s data using DES standard. The purpose of this paper is to show how to design the model of each system. Furthermore, this paper can serve as guideline for designing an appropriate Carbon Credit Registry System.
Abstract: Anti-money laundering is commonly recognized as a
set of procedures, laws or regulations designed to reduce the practice
of generating income through illegal actions. In Malaysia, the
government and law enforcement agencies have stepped up their
capacities and efforts to curb money laundering since 2001. One of
these measures was the enactment of the Anti-Money Laundering
Act (AMLA) in 2001. The implementation costs on anti-money
laundering requirements (AMLR) can be burdensome to those who
are involved in enforcing them. The objective of this paper is to
explore the perceived effectiveness of AMLR from the enforcement
agencies- perspective. This is a preliminary study whose findings
will help to give direction for further AML research in Malaysia. In
addition, the results of this study provide empirical evidences on the
perceived effectiveness of AMLR prior to further investigations on
barriers and improvements of the implementation of the anti-money
laundering regime in Malaysia.
Abstract: The software industry has been considered a critical
infrastructure for any nation. Several studies have indicated that
national competitiveness increasingly depends upon Information and
Communication Technology (ICT), and software is one of the major
components of ICT, important for both large and small enterprises.
Even though there has been strong growth in the software industry in
Thailand, the industry has faced many challenges and problems that
need to be resolved. For example, the amount of pirated software has
been rising, and Thailand still has a large gap in the digital divide.
Additionally, the adoption among SMEs has been slow. This paper
investigates various issues in the software industry in Thailand, using
information acquired through analysis of secondary sources,
observation, and focus groups. The results of this study can be used
as “lessons learned" for the development of the software industry in
any developing country.
Abstract: Entrepreneurship has become an important and
extensively researched concept in business studies. Research on
foreign direct investment (FDI) has become widespread due to the
growth of FDI and its importance in globalization. Most
entrepreneurship studies examined the importance and influence of
entrepreneurial orientation in a micro-level context. On the other
hand, studies and research concerning FDI used statistical techniques
to analyze the effect, determinants, and motives of FDI on a
macroeconomic level, ignoring empirical studies on other noneconomic
determinants. In order to bridge the gap between the theory
and empirical evidence on FDI and the theory and research on
entrepreneurship, this study examines the impact of entrepreneurship
on inward foreign direct investment. The relationship between
entrepreneurship and foreign direct investment is investigated
through regression analysis of pooled time-series and cross-sectional
data. The results suggest that entrepreneurship has a significant effect
on FDI.
Abstract: Scarcity of resources for biodiversity conservation gives rise to the need of strategic investment with priorities given to the cost of conservation. While the literature provides abundant methodological options for biodiversity conservation; estimating true cost of conservation remains abstract and simplistic, without recognising dynamic nature of the cost. Some recent works demonstrate the prominence of economic theory to inform biodiversity decisions, particularly on the costs and benefits of biodiversity however, the integration of the concept of true cost into biodiversity actions and planning are very slow to come by, and specially on a farm level. Conservation planning studies often use area as a proxy for costs neglecting different land values as well as protected areas. These literature consider only heterogeneous benefits while land costs are considered homogenous. Analysis with the assumption of cost homogeneity results in biased estimation; since not only it doesn’t address the true total cost of biodiversity actions and plans, but also it fails to screen out lands that are more (or less) expensive and/or difficult (or more suitable) for biodiversity conservation purposes, hindering validity and comparability of the results. Economies of scope” is one of the other most neglected aspects in conservation literature. The concept of economies of scope introduces the existence of cost complementarities within a multiple output production system and it suggests a lower cost during the concurrent production of multiple outputs by a given farm. If there are, indeed, economies of scope then simplistic representation of costs will tend to overestimate the true cost of conservation leading to suboptimal outcomes. The aim of this paper, therefore, is to provide first road review of the various theoretical ways in which economies of scope are likely to occur of how they might occur in conservation. Consequently, the paper addresses gaps that have to be filled in future analysis.
Abstract: Liveable city is referred to as the quality of life in an
area that contributes towards a safe, healthy and enjoyable place. This
paper discusses the role of the streets- activities in making Kuala
Lumpur a liveable city and the happiness level of the residents
towards the city-s street activities. The study was conducted using the
residents of Kuala Lumpur. A mixed method technique is used with
the quantitative data as a main data and supported by the qualitative
data. Data were collected using questionnaires, observation and also
an interview session with a sample of residents of Kuala Lumpur.
The sampling technique is based on multistage cluster data sampling.
The findings revealed that, there is still no significant relationship
between the length of stay of the resident in Kuala Lumpur with the
happiness level towards the street activities that occurred in the city.
Abstract: Waiting times and queues are a daily problem for theme parks. Fast lines or priority queues appear as a solution for a specific segment of customers, that is, tourists who are willing to pay to avoid waiting. This paper analyzes the fast line system and explores the factors that affect the decision to purchase a fast line pass. A greater understanding of these factors may help companies to design appropriate products and services. This conceptual paper was based on a literature review in marketing and consumer behavior. Additional research was identified in related disciplines such as leisure studies, psychology, and sociology. A conceptual framework of the factors influencing the decision to purchase a fast line pass is presented.
Abstract: The objective of the paper was to understand the use
of an important element of design, namely color in a Semiotic
system. Semiotics is the study of signs and sign processes, it is often
divided into three branches namely (i) Semantics that deals with the
relation between signs and the things to which they refer to mean, (ii)
Syntactics which addresses the relations among signs in formal
structures and (iii) Pragmatics that relates between signs and its
effects on they have on the people who use them to create a plan for
an object or a system referred to as design. Cubism with its versatility
was the key design tool prevalent across the 20th century. In order to
analyze the user's understanding of interaction and appreciation of
color through the movement of Cubism, an exercise was undertaken
in Dept. of Design, IIT Guwahati. This included tasks to design a
composition using color and sign process to the theme 'Between the
Lines' on a given tessellation where the users relate their work to the
world they live in, which in this case was the college campus of IIT
Guwahati. The findings demonstrate impact of the key design
element color on the principles of visual perception based on image
analysis of specific compositions.
Abstract: The objective of this paper is twofold: (1) discuss and
analyze the successful case studies worldwide, and (2) identify the
similarities and differences of case studies worldwide. Design
methodology/approach: The nature of this research is mainly method
qualitative (multi-case studies, literature review). This investigation
uses ten case studies, and the data was mainly collected and
organizational documents from the international countries. Finding:
The finding of this research can help incubator manager, policy
maker and government parties for successful implementation.
Originality/value: This paper contributes to the current literate review
on the best practices worldwide. Additionally, it presents future
perspective for academicians and practitioners.
Abstract: The article analyses historical aspects of the formation
of the Kazakh nation in the conditions of the multicultural society.
The authors underline cultural integration as a significant stage of the
cultural advancement of the Kazakh nation. The transition to the
modern-style houses, the adoption and development of the secular
education gave a rise to the development of the society and culture
on the whole.
Abstract: Supplier appraisal fosters energy in Supply Chain
Management and helps in best optimization of viable business
partners for a company. Many Decision Making techniques have
already been proposed by researchers for supplier-s appraisal.
However, Analytic Hierarchy Process (AHP) is assumed to be the
most structured technique to attain near-best solution of the problem.
This paper focuses at implementation of AHP in the procurement
processes. It also suggests that on what factors a Public Sector
Enterprises must focus while dealing with their suppliers and what
should the suppliers do to synchronize their activities with the
strategic objectives of Organization. It also highlights the weak areas
in supplier appraisal process with a view to suggest viable
recommendations.