Abstract: The focus of this paper is to construct daily time series
exchange rate forecast models of Samoan Tala/USD and Tala/AUD
during the year 2008 to 2012 with neural network The performance
of the models was measured by using varies error functions such as
Root Square mean error (RSME), Mean absolute error (MAE), and
Mean absolute percentage error (MAPE). Our empirical findings
suggest that AR (1) model is an effective tool to forecast the
Tala/USD and Tala/AUD.
Abstract: The area of Project Risk Management (PRM) has
been extensively researched, and the utilization of various tools and
techniques for managing risk in several industries has been
sufficiently reported. Formal and systematic PRM practices have
been made available for the construction industry. Based on such
body of knowledge, this paper tries to find out the global picture of
PRM practices and approaches with the help of a survey to look into
the usage of PRM techniques and diffusion of software tools, their
level of maturity, and their usefulness in the construction sector.
Results show that, despite existing techniques and tools, their usage is
limited: software tools are used only by a minority of respondents
and their cost is one of the largest hurdles in adoption. Finally, the
paper provides some important guidelines for future research
regarding quantitative risk analysis techniques and suggestions for
PRM software tools development and improvement.
Abstract: Capital structure is one of the most important financial
decisions in corporate financing strategy. It involves the choice of
debt and equity level in financing a company-s operations. This study
aims to investigate whether the capital structure choice of Malaysian
electrical and electronic manufacturing companies that are listed in
the Bursa Malaysia can be explained by factors that have been found
by most studies as dominant determinants of capital structure
(company size, profitability, asset tangibility, liquidity and growth).
Using debt ratio as the proxy for capital structure and applying
pooled ordinary least square multiple regression estimation, the
results showed that on average, Malaysian electrical and electronic
manufacturing companies used less debt in funding their business
operations. The findings also showed that size and asset tangibility
has a significant positive relationship with debt level, while liquidity
has a negative significant relationship with leverage.
Abstract: The article is devoted to Kazakh repatriates and their
migration to Kazakhstan as historical homeland, and also addresses
the problem of migrants- adaptation in the republic, particularly in
Almaty oblast (region). The authors used up-to-date statictics and
materials of the Department of Migration Committee to analyze the
newcomers- number and features of the repatriate-s location in this
oblast. Having studied this region they were able to identify the main
reasons why Kazakh Diaspora in Central Asia, Iran, Avganistana and
Turkey is eager to come back to their historic homeland along with
repatriates adaptation to the republic.
Abstract: This paper aims to (1) analyze the profiles of
transgressors (detected evaders); (2) examine reason(s) that triggered a
tax audit, causes of tax evasion, audit timeframe and tax penalty
charged; and (3) to assess if tax auditors followed the guidelines as
stated in the 'Tax Audit Framework' when conducting tax audits. In
2011, the Inland Revenue Board Malaysia (IRBM) had audited and
finalized 557 company cases. With official permission, data of all the
557 cases were obtained from the IRBM. Of these, a total of 421 cases
with complete information were analyzed. About 58.1% was small and
medium corporations and from the construction industry (32.8%). The
selection for tax audit was based on risk analysis (66.8%), information
from third party (11.1%), and firm with low profitability or fluctuating
profit pattern (7.8%). The three persistent causes of tax evasion by
firms were over claimed expenses (46.8%), fraudulent reporting of
income (38.5%) and overstating purchases (10.5%). These findings
are consistent with past literature. Results showed that tax auditors
took six to 18 months to close audit cases. More than half of tax
evaders were fined 45% on additional tax raised during audit for the
first offence. The study found tax auditors did follow the guidelines in
the 'Tax Audit Framework' in audit selection, settlement and penalty
imposition.
Abstract: Minor law breaking seems more and more to be a part
of adolescence behavior. An important risk factor which seems to
influence delinquency appears to be the socio-economic one.
According to Romanian statistics, during the first six months of 2012,
1,378 minors have committed various crimes, the most common
being theft, sexual offenses and violent assaults. Drug-related
offenses did not reach the gravity of those from high income
countries of the European Union, but have a continuous upward
during the last years.
The aim of our research was to examine whether delinquency in
adolescence is correlated to mental disorders or socio-economic and
familial factors. Forensic psychiatric expertise was performed to 79
adolescents who committed offenses between 01 January 2012 and
31 December 2012. Teenagers, with ages between 12 and 17, were
examined by day hospitalization in the University Clinic of
Psychiatry Craiova.
Abstract: Existing literature ondesign reasoning seems to give
either one sided accounts on expert design behaviour based on
internal processing. In the same way ecological theoriesseem to
focus one sidedly on external elementsthat result in a lack of unifying
design cognition theory. Although current extended design cognition
studies acknowledge the intellectual interaction between internal and
external resources, there still seems to be insufficient understanding
of the complexities involved in such interactive processes. As
such,this paper proposes a novelmulti-directional model for design
researchers tomap the complex and dynamic conduct controlling
behaviour in which both the computational and ecological
perspectives are integrated in a vertical manner. A clear distinction
between identified intentional and emerging physical drivers, and
relationships between them during the early phases of experts- design
process, is demonstrated by presenting a case study in which the
model was employed.
Abstract: The focus of this research is in the area of the soviet period and the mission of the Russian Orthodox Church in Kazakhstan in the XIX century. There was close connection of national customs and traditions with religious practices, outlooks and attitudes. In particular, such an approach has alleged estimation by Kazakh historians of the process of Christianization of the local population. Some of them are inclined to consider the small number of Christening Kazakhs as evidence that the Russian Orthodox Church didn’t achieve its mission. The number of historians who think that the church didn’t achieve its mission has thousand over the last centuries, however our calculations of the number of Kazakhs who became Orthodox Christian is much more than other historians think. Such Christians can be divided into 3 groups: Some remained Christian until their deaths, others had two faiths and the third hid their true religions, having returned to their former belief. Therefore, to define the exact amount of Christening Kazakhs represented a challenge. Some data does not create a clear picture of the level of Christianization, constant and accurate was not collected. The data appearing in reports of spiritual attendants and civil authorities is not always authentic. Article purpose is illumination and the analysis missionary activity of Russian Orthodox Church in Kazakhstan.
Abstract: The growing problem of youth unemployment in
Egypt after the 25th January Revolution has directed the attention of
some human resource experts towards considering remote
employment as a partial remedy for the unemployed youth instead of
the unavailable traditional jobs, a trend which will also help with the
congested offices and unsolved traffic problem in Cairo and spread
a flexible work culture, but despite of that, the main issue remains
unresolved for these organizations to deal with the system challenges.
In the past few years, in developed countries, there has been a
growing trend for many companies to shift to remote employment
instead of the traditional office employment for many reasons: due to
the growing technological advances that helped some employees do
their work from home on a part time basis, the need for achieving an
employee-s work balance in the middle of unbalanced complicated
life, top management focus on employee-s productivity rather their
time spent at work. The objective of this paper is to study and analyze
the advantages and challenges that Egypt-s labor force will be facing
in their implementation of remote or virtual employment in both
government and private organizations after the 25th January
revolution. Therefore, the research question will be: What are the
advantages and different challenges that Egyptian organizations
might face in their implementation for remote employment system
and how can they manage these challenges for the system to work
effectively? The study is divided into six main parts: the introduction,
objective and importance of the study, research problem,
methodology, experience of some countries that implemented remote
employment, advantages and challenges of implementing remote
employment in Egypt and then the conclusion which discuses the
results and recommendations of the study.
Abstract: There is no doubt that Internet technology is widely used by hotels and its demand is constantly booming. Hotels have largely adopted website information services through using different interactive tools, dimensions and attributes to achieve excellence in functionality and usability but these do not necessary equate with website effectiveness. One way to investigate the effectiveness of hotel website is from the perspective ofe-consumers. This exploratory research is to investigate the perceived importance of websites effectiveness of some selected independent small and medium-sized hotels (SMHs) located in Dubai, United Arab Emirates, from the perspective of Omanie-consumers by using non-random sampling method. From 400 questionnaire addressed to respondents in 27 organizations in Muscat the capital city of Oman, 173 are valid. Findings of this study assist SMHs management in Dubai with the reallocation of their resources and efforts in order to supportebusiness development and to sustain a competitive advantage.
Abstract: The validity of Herzberg-s Two-Factor Theory of
Motivation was tested empirically by surveying 2372 chemical fiber
employees in 2012. In the valid sample of 1875 respondents, the
degree of overall job satisfaction was more than moderate. The most
highly valued components of job satisfaction were: “corporate image,"
“collaborative working atmosphere," and “supervisor-s expertise";
whereas the lowest mean score was 34.65 for “job rotation and
promotion." The top three job retention options rated by the
participants were “good image of the enterprise," “good
compensation," and “workplace is close to my residence." The overall
evaluation of the level of thriving facilitation workplace reached
almost to “mostly agree." For those participants who chose at least
one motivator as their job retention options had significantly greater
job satisfaction than those who chose only hygiene factors as their
retention options. Therefore, Herzberg-s Two-Factor Theory of
Motivation was proven valid in this study.
Abstract: In the article the remains of the base of the minaret,
found in 2009 at the medieval fortress shakhristan Aktobe, which is
located along the courses of the rivers Balta and Aksu. The minaret,
which consists of two parts: the stylobate in the pit and base part
refers to the XI-XII centuries. The preserved height of the building is
3.6 meters. Volume stylobat quadrangular minaret, the corners of
which are aimed at the four corners of the world amounts to 8,65 x8,
5 m, height – 2.6 m. Diameter octagonal upper cap of 7.85 m and a
height of preserved – 1 m. This minaret is of particular importance
among the historical and architectural monuments of Kazakhstan, as
it is so far the only minaret belonging to Karakhanid epoch in which
Islam was the state religion.
Abstract: Fast development of technologies, economic globalization and many other external circumstances stimulate company’s competitiveness. One of the major trends in today’s business is the shift to the exploitation of the Internet and electronic environment for entrepreneurial needs. Latest researches confirm that e-environment provides a range of possibilities and opportunities for companies, especially for micro-, small- and medium-sized companies, which have limited resources. The usage of e-tools raises the effectiveness and the profitability of an organization, as well as its competitiveness.
In the electronic market, as in the classic one, there are factors, such as globalization, development of new technology, price sensitive consumers, Internet, new distribution and communication channels that influence entrepreneurship. As a result of eenvironment development, e-commerce and e-marketing grow as well.
Objective of the paper: To describe and identify factors influencing company’s competitiveness in e-environment.
Research methodology: The authors employ well-established quantitative and qualitative methods of research: grouping, analysis, statistics method, factor analysis in SPSS 20 environment, etc. The theoretical and methodological background of the research is formed by using scientific researches and publications, such as that from mass media and professional literature; statistical information from legal institutions as well as information collected by the authors during the surveying process.
Research result: The authors detected and classified factors influencing competitiveness in e-environment.
In this paper, the authors presented their findings based on theoretical, scientific, and field research. Authors have conducted a research on e-environment utilization among Latvian enterprises.
Abstract: Response to the public health-related emergencies is analysed here for a rural university in South Africa. The structure of the designated emergency plan covers all the phases of the disaster management cycle. The plan contains elements of the vulnerability model and the technocratic model of emergency management. The response structures are vertically and horizontally integrated, while the planning contains elements of scenario-based and functional planning. The available number of medical professionals at the Rhodes University, along with the medical insurance rates, makes the staff and students potentially more medically vulnerable than the South African population. The main improvements of the emergency management are required in the tornado response and the information dissemination during health emergencies. The latter should involve the increased use of social media and e-mails, following the Taylor model of communication. Infrastructure must be improved in the telecommunication sector in the face of unpredictable electricity outages.
Abstract: We identify clawback triggers from firms- proxy
statements (Form DEF 14A) and use the likelihood of restatements to
proxy for financial reporting quality. Based on a sample of 578 U.S.
firms that voluntarily adopt clawback provisions during 2003-2009,
when restatement-based triggers could be decomposed into two types:
fraud and unintentional error, and we do observe the evidence that
using fraud triggers is associated with high financial reporting quality.
The findings support that fraud triggers can enhance deterrent effect of
clawback provision by establishing a viable disincentive against fraud,
misconduct, and otherwise harmful acts. These results are robust to
controlling for the compensation components, to different sample
specifications and to a number of sensitivity.
Abstract: Using Turkish data, in this study it is investigated that
whether a firm’s ownership structure has an impact on its stock
prices after the crisis. A linear regression model is conducted on the
data of non-financial firms that are trading in Istanbul Stock
Exchange 100 Index (ISE 100) index. The findings show that, all
explanatory variables such as inside ownership, largest ownership,
concentrated ownership, foreign shareholders, family controlled and
dispersed ownership are not very important to explain stock prices
after the crisis. Family controlled firms and concentrated ownership
is positively related to stock price, dispersed ownership, largest
ownership, foreign shareholders, and inside ownership structures
have negative interaction between stock prices, but because of the p
value is not under the value of 0.05 this relation is not significant. In
addition, the analysis shows that, the shares of firms that have inside,
largest and dispersed ownership structure are outperform comparing
with the other firms. Furthermore, ownership concentrated firms
outperform to family controlled firms.
Abstract: The main objective of this study is to test the
relationship between numbers of variables representing the firm
characteristics (market-related variables) and the extent of voluntary
disclosure levels (forward-looking disclosure) in the annual reports of
Egyptian firms listed on the Egyptian Stock Exchange. The results
show that audit firm size is significantly positively correlated (in all
the three years) with the level of forward-looking disclosure.
However, industry type variable (which divided to: industries,
cement, construction, petrochemicals and services), is found being
insignificantly association with the level of forward-looking
information disclosed in the annual reports for all the three years.
Abstract: In this paper, the action research driven design of a
context relevant, developmental peer review of teaching model, its
implementation strategy and its impact at an Australian university is
presented. PRO-Teaching realizes an innovative process that
triangulates contemporaneous teaching quality data from a range of
stakeholders including students, discipline academics, learning and
teaching expert academics, and teacher reflection to create reliable
evidence of teaching quality. Data collected over multiple classroom
observations allows objective reporting on development differentials
in constructive alignment, peer, and student evaluations. Further
innovation is realized in the application of this highly structured
developmental process to provide summative evidence of sufficient
validity to support claims for professional advancement and learning
and teaching awards. Design decision points and contextual triggers
are described within the operating domain. Academics and
developers seeking to introduce structured peer review of teaching
into their organization will find this paper a useful reference.
Abstract: The fast technology and economic growth in China has
attracted global attention in its tourism development. This study makes
an effort on investigating China-s online tourism market and the
Chinese online travelers- perceptions of hotel websites. The findings
are expected to better understand Chinese customers- online
preference and identified the differences among online travelers from
different regions in the country. Empirical findings showed online
reservation information is the most important factor to Chinese
customers, and tourists from different regions of China have
perception difference on user-friendly factor. The findings benefit
hoteliers from understanding their websites development and
formulating more appropriate online strategies to meet the
requirements of Chinese travelers.
Abstract: South Africa is facing a crisis with not being able to produce enough graduates in the scarce skills areas to sustain economic growth. The crisis is fuelled by a school system that does not produce enough potential students with Mathematics, Accounting and Science. Since the introduction of the new school curriculum in 2008, there is no longer an option to take pure maths on a standard grade level. Instead, only two mathematical subjects are offered: pure maths (which is on par with higher grade maths) and mathematical literacy. It is compulsory to take one or the other. As a result, lees student finishes Grade 12 with pure mathematics every year. This national problem needs urgent attention if South Africa is to make any headway in critical skills development as mathematics is a gateway to scarce skills professions. Higher education institutions initiated several initiatives in an attempt to address the above, including preparatory courses, bridging programmes and extended curricula with foundation provisions. In view of the above, and government policy directives to broaden access in the scarce skills areas to increase student throughput, foundation provision was introduced for Commerce and Information Technology programmes at the Vaal Triangle Campus (VTC) of North-West University (NWU) in 2010. Students enrolling for extended programmes do not comply with the minimum prerequisites for the normal programmes. The question then arises as to whether these programmes have the intended impact? This paper reports the results of a two year longitudinal study, tracking the first year academic achievement of the two cohorts of enrolments since 2010. The results provide valuable insight into the structuring of an extended programme and its potential impact.