Business & Economics Society International Conference

2005 Program

Flagstaff – Grand Canyon, Arizona / USA, July 22-25

Radisson Woodlands Hotel

1175 West Route 66, Flagstaff, Arizona 86001, USA

Tel: (USA) 800-333-3333, (International) 928-773-8888; Fax: 928-773-0597

<><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>

DEADLINES & INSTRUCTIONS TO PROGRAM PARTICIPANTS

Deadlines:

Abstract Submission: no later than March 15, 2005;

Paper Submission: no later than April 30, 2005;

Notification for date and time restrictions: no later than May 30, 2005;

Hotel block of rooms reserved, at special rate: no later than June 27, 2005.

Session Time Allocations: Most sessions are 90 minutes long (with three presenters); several are 120 minutes long (with four presenters.) Each Presenter should take no more than 20 minutes; each Discussant should take no more than 10 minutes; any remaining time should be devoted to questions from the audience.

Session Chairs: Assume overall responsibility for your session. Make an effort to contact the session participants before the meeting. Inform them that each presentation room will be equipped with an overhead projector and flipchart. Ask them if they have any special needs relating to their presentation and/or discussion and, in collaboration with the registration desk, try to satisfy those needs. Arrive at the session room 10 minutes in advance and make sure that it is properly equipped. Welcome and introduce the participants. Start the session on time and adhere to the time schedule. Discussants should follow presenters. Moderate the open discussion to the best of your ability.

Presenters: Stay within the allotted time even though it may not be enough! Be well prepared. Please do not just read your paper. Your presentation of main points, methods, and conclusions should lead to a fruitful discussion during and after the session. Bring with you and make available five or more copies of your manuscript.

Every presentation rooms will be equipped with overhead projectors, screens and flipcharts. For Power Point presentations, please feel free to bring your own equipment. One Power Point projector and a Dell computer will be available on first-come-first-served basis (please reserve as follows: B&ESI, Helen Kantarelis, tel: 508-595-0089, fax: 508-756-1780, or email: hkan@besiweb.com.)

Discussants: Be prepared to offer your "positive" remarks first. Then offer any "negative" remarks in a constructive way. Stay within the allotted time. If you cannot meet your commitment, please make an effort to find a substitute discussant, and contact the registration desk as well as the session chair immediately. Please contribute as much as you can to the discussion of all papers. If the session's chair is absent, the last discussant listed should take on the role of the chair.

<><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>

2005 Business & Economics Society International Conference

Flagstaff / Grand Canyon (Arizona, USA, Radisson Hotel, July 22-25

PRELIMINARY SCHEDULE & DAILY ACTIVITIES

Thursday, July 21, 2005

Registration: 3 PM – 5:30 PM;

Orientation (Kachina Room): 5 PM – 5:30 PM;

Reception: 5:30 PM – 7 PM.

Friday, July 22, 2005

Registration: 8 AM – 12 Noon, 1 PM – 4:30 PM.

Sessions: 8:30 AM - 10 AM, 10:30 AM -12 Noon, 1 PM – 2:30 PM, 3 PM – 4:30 PM.

Planned Activities: 5 PM - 11 PM (about $15 per person – bus tour.)

From Radisson Hotel to Heritage Square – dinner on your own; then to

Lowell Observatory (Hands-on Astronomy) - $5 admission fee; and then back to the Radisson Hotel or to the
Museum Club RT 66 – traditional western bar / country swing dancing, $3 per drink; then

return to Radisson Hotel.

Saturday, July 23, 2005

Registration: 8 AM – 1 PM.

Sessions: 8:30 AM – 10:30 AM, 11 AM – 1PM.

Planned Activities: 1:30 PM - 9 PM (about $25 per person – bus tour with guide)

Sedona (recently voted by USA Today the most beautiful city in the United States) – lunch, optional, in the tour bus (about $5 per person;) dinner, on your own, in Sedona.

Sunday, July 24, 2005

Registration: 8 AM – 12:30 PM.

Editorial Board Meeting over breakfast (Sakura Restaurant): 7:20 AM – 8:20 AM.

Sessions: 8:30 AM – 10:30 AM, 11 AM – 12:30 PM.

Luncheon: 1 PM – 3 PM (Speaker: Dr. Joseph A. Petrick, Business Ethics.)

Planned Activities: 4 PM - 9 PM (about $20 per person – bus tour with guide)

Sunset Crater Volcano National Monument; then

return to Radisson Hotel; or go for dinner to

Black Bart’s Restaurant (musical revue) – ($10 to $30 per dish.)

Monday, July 25, 2005

Registration: 8:30 AM – 1 PM.

Sessions: 8:30 AM – 10:30 AM, 11 AM – 1 PM.

Planned Activities: None.

Recommended Activities: North Arizona Museum or Walnut Canyon.

(Please contact Open Road Tours at http://www.openroadtours.com/flag_main.html)

Tuesday, July 26, 2005

Planned Activity: After Conference Day-Long Excursion.

Grand Canyon National Park:

9 AM – 5 PM ($64 to $70 per person – bus tour with guide.)

Lunch on your own.

<><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><<><><><><><><>

SESSIONS, PANELS & ROUNDTABLES

Friday, July 22, 2005

8:30 AM – 10:00 AM

Kachina Room

Session [1]: The Political Economy of Transition.

Global Business & Economics Review / Special Issue.

CHAIR: John Marangos, Colarado State University, USA.

Aristidis Bitzenis, City Liberal Studies, Affiliated Institution of the University of Sheffield, Greece.

Anthony Cantarella, Murray State University, USA.

David Floyd, Lincoln University, UK.

Stuart R. Lynn, Assumption College, USA.

John Marangos, Colarado State University, USA.

Marcus Marktanner, American University of Beirut, Lebanon.

Vojko Potocan, University of Maribor, Slovenia.

Lorena Skuflic, University of Zagreb, Croatia.

Elisabeth Springler, Vienna University, Austria.

Michael Szenberg, Pace University, USA.

<><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>

Friday, July 22, 2005

10:30 AM – 12:00 NOON

Kachina Room

Session [2]: Ethics & Retirement.

CHAIR: Graham Elkin, University of Otago, New Zealand.

AUTHORS & TITLES:

Tom Clevenger & Gary Baker, Washburn University, USA.

Looking Back: Advice about Planning for Retirement. ¹

James Kirkbride, Steve Letza, Liverpool John Moores University, UK;

Ma Zhong, Beijing Jiaotong University; &

Sun Xiuping, Leeds Metropolitan University, UK.

An alternative analysis of the failure of Railtrack, UK. ²

Donald E. English, Edgar Manton & Janet Walker, Texas A & M University-Commerce, USA.

Business Ethics: Have Human Resource Managers Changed Their Perception? ³

DISCUSSANTS:

1. Donald E. English, Texas A&M University-Commerce, USA.

2. Tamika Chambers, Capella University, USA.

3. Anthony Cantarella, Murray State University, USA.

<><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>

Friday, July 22, 2005

10:30 AM – 12:00 NOON

Mt Elden Room

Session [3]: Debt, Investments & European Monetary Union.

CHAIR. Kandiah Jegasothy, Victoria University, Australia.

AUTHORS & TITLES:

Fumiko Takeda, University of Tokyo, Japan; &

Koichi Takeda, Hosei University, Japan.

The Price of Debt and the Role of Large Creditors in Creditor Coordination.¹

Alex W.H. Chan, University of Hong Kong, Hong Kong, China.

Impact from the End-of-day Effect of Underlying Stock on the Option Trading Behavior. ²

Cathyann D. Tully, Kean University, USA.

Ready or not? The case of Poland and European Monetary Union. ³

DISCUSSANTS:

1. Kandiah. Jegasothy, Victoria University, Australia.

2. George Woodward, Monash University, Australia.

3. Vashishta Bhaskar, Duquesne University, USA.

<><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>

Friday, July 22, 2005

10:30 AM – 12:00 NOON

Humphreys Room

Session [4]: FDI, Interest Rates & Corporate Identity.

CHAIR: Marcus Marktanner, American University of Beirut, Lebanon.

AUTHORS & TITLES:

Subarna K. Samanta, College of New Jersey, USA; &

Jamal A. Abu-Rashed, Xavier University, USA.

Foreign Direct Investment in Labor Short Economies. ¹

Guglielmo Maria Caporale, Brunel University, UK;

Marco R. Barassi, Birmingham University, UK; & Stephen G. Hall, Imperial College, UK.

A Sequential test for Structural Breaks in the Causal Linkages Between the G-7 Short-Term Interest Rates. ²

Thomas Zomack, Otto-von-Guericke-University of Magdeburg, Germany.

Entrepreneurship and Corporate Identity: The Emergence of Consistent Terminology for Corporate Personality. ³

DISCUSSANTS:

1. Marcus Marktanner, American University of Beirut, Lebanon.

2. Mika Widgren, Turku School of Economics and Business Administration, Finland.

3. David Floyd, Lincoln University, UK.

<><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>

Friday, July 22, 2005

1:00 PM – 2:30 PM

Kachina Room

Session [5]: Industry Analysis: Diamonds, Tourism & Banking.

CHAIR: Carolyn V. Currie, University of Technology Sydney, Australia.

AUTHORS & TITLES:

Samir Gupta, Monash Univeristy, Australia.

Cynthia M. Webster, University of Newcastle, Australia

Diamond Industry: Network Strategy Development in Transitional Economies. ¹

Matias Gonzalez Hernandez & Sara Hernandez Garcia,

Universidad de Las Palmas de Gran Canaria, Spain.

Modelling optimal management of tourism-based international cooperation: key indicators and dynamic simulation. ²

Andrey Androshchuk & Michael Szenberg,

Lubin School of Business, Pace University, USA.

The Changing Structural Conditions of the American Commercial Banking Industry. ³

DISCUSSANTS:

1. Michael Szenberg, Pace University, USA

2. Gary Baker, Washburn University, USA.

3. Steve Letza, Liverpool John Moores University, UK.

<><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>

Friday, July 22, 2005

1:00 PM – 2:30 PM

Mt Elden Room

Session [6]: Issues in Human Resources

CHAIR: Stuart R. Lynn, Assumption College, USA

AUTHORS & TITLES:

Stephen Rubb, Sacred Heart University, USA.

Insights on the Likelihood of Educational-Occupation Matches. ¹

Stuart R. Lynn, Assumption College, USA

Human Resources 101: Work in the Bible. ²

David G. Vequist IV & Mark Teachout, University of the Incarnate Word, USA.

The Development of a Nomological Network to Describe New and Emerging Technologies in Training and Development (T&D). ³

DISCUSSANTS:

1. Leighton Vaughan Williams, Nottingham Trent University, UK; &

David P. Harris, Benedictine College, USA.

2. Andreas Budihardjo, Prasetiya Mulya Business School, Indonesia; &

David P. Harris, Benedictine College, USA.

3. Stephen Rubb, Sacred Heart University, USA.

<><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>

Friday, July 22, 2005

1:00 PM – 2:30 PM

Humphreys Room

Session [7]: Trade, Risk & Competitiveness.

CHAIR: Keith Harman, Northcentral University, USA.

AUTHORS & TITLES:

Mika Widgren, Turku School of Economics and Business Administration, Finland; &

Pekka Sulamaa, Government Institute for Economic Research (VATT), Finland.

Asian Regionalism Versus Global Free Trade: A Simulation Study on Economic Effects.¹

George Woodward, Monash University, Australia.

Nonlinearities, Cyclical Behavior, Causality, Duration Dependence and Predictability in Industry Systematic Risks: U.S. Evidence. ²

G. Scott Erickson, Ithaca College, USA &

Helen N. Rothberg, Marist College, USA.

Intellectual Capital and National Competitiveness. ³

DISCUSSANTS:

1. O.S. Oladipo, University of Birmingham, UK.

2. Alex W.H. Chan, University of Hong Kong Hong Kong, China.

3. Douglas Livermore, Morningside College, USA.

<><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>

Friday, July 22, 2005

3:00 PM – 4:30 PM

Kachina Room

Session [8]: Management & Behavioral Issues.

CHAIR: Gary Baker, Washburn University, USA

AUTHORS & TITLES:

Sergio Blasco Pereperez, Luis S. Sempere, Jose L. Alfonso, Juan A. Barcia & F. Simarro

Consortium University General Hospital of Valencia, Spain.

Strategy in Action.¹

Chu May Amy Yeo, Tunku Abdul Rahman College, Malaysia; &

Steve Carter, The Derbyshire Business School, University of Derby, UK

Linking Culture Strength and Managerial Competencies to Corporate Performance: the case of Malaysia. ²

Leighton Vaughan -Williams, Nottingham Trent University, UK.

Tax Reform in the UK: Theory and Evidence. ³

DISCUSSANTS:

1. Donald E. English, Texas A & M University-Commerce, USA.

2. Douglas Livermore, Morningside College, USA.

3. Cevdet Kizil, Kadir Has University, Turkey.    

<><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>

Friday, July 22, 2005

3:00 PM – 4:30 PM

Mt Elden Room

Session [9]: Accounting & Marketing Innovations.

CHAIR: G. Scott Erickson, Ithaca College, USA.

AUTHORS & TITLES:

Theresa Tchiang, University of Macau, Taipa Macau.

The Effect of Board Independence and Financial Performance. ¹

Julieta Verrier, Martin Haley & Chris Dunn, Coventry University, UK.

The Gems that can become Diamonds: Service Provider's Employees. ²

Guilherme Pires, University of Newcastle, Australia;

John Stanton, University of Western Sydney, Australia; &

Patricia Stanton, University of Newcastle, Australia.

Market Oriented Service Delivery Design: Incorporating Customer Perspectives of Customer Experiences .³

DISCUSSANTS:

1. Martin Haley, Coventry University, UK.

2. Torben Juul Andersen, Copenhagen Business School Denmark.

3. Thomas Zomack, Otto-von-Guericke-University of Magdeburg, Germany.

<><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>

Friday, July 22, 2005

3:00 PM – 4:30 PM

Humphreys Room

Session [10]: Education Issues & Occupational Health and Safety.

CHAIR: Stephen Rubb, Sacred Heart University, USA.

AUTHORS & TITLES:

Graham Elkin, Pavel Strach & John Farnsworth

University of Otago, New Zealand.

The Internationalization of Business Schools: Choosing among Alternatives with Modeling. ¹

Keith Harman, Northcentral University, USA &

Alex Koohang, University of Wisconsin at Milwaukee, USA.

Doctoral Dissertations on Knowledge Management: 1994-2004. ²

W. Kathy Tannous, Macquarie University, Australia.

National Study of Occupational Health and Safety in Australian residential aged care services. ³

DISCUSSANTS:

1. Keith Harman, Northcentral University, USA.

2. Victoria Wise, Victoria University, Australia.

3. Pekka Sulamaa, Government Institute for Economic Research (VATT), Finland.

<><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>

Saturday, July 23, 2005

8:30 AM – 10:30 AM

Kachina Room

Session [11]: Management Issues: Hospital, Skills Acquisition & Global Derivatives.

CHAIR: Pierre P. Matthee, Nelson Mandela Metropolitan University, South Africa.

AUTHORS & TITLES:

Sergio Blasco Pereperez, Luis S. Sempere, Jose L. Alfonso, Juan A. Barcia & F. Simarro

Consortium University General Hospital of Valencia, Spain.

Public Service, Private Management. ¹

Paul Lyons, Frostburg State University, USA.

Theoretical Foundations Underlying the Creation of Scripts to Drive Skills Acquisition. ²

George Woodward, Monash University, Australia.

A Comprehensive Investigation of the Market Timing Ability of Fund Managers: US Evidence. ³

Torben Juul Andersen, Copenhagen Business School, Denmark.

Global Derivatives, Risk Management, and Capital Structure. ⁴

DISCUSSANTS:

1. Stephen Rubb, Sacred Heart University, USA.

2. Sergio Blasco Pereperez, Consortium University General Hospital of Valencia, Spain.

3. Torben Juul Andersen, Copenhagen Business School, Denmark.

4. Hiral Chavda, Coventry University, UK.

<><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>

Saturday, July 23, 2005

8:30 AM – 10:30 AM

Mt Elden Room

Session [12]: Income Games, The Bankcard, Cash-In-Advance & Firm Valuation.

CHAIR: Jamal Abu-Rashed, Xavier University, USA.

AUTHORS & TITLES:

John T. Finley, Columbus State University, USA.

The Advent of the Bankcard: Ubiquitous Revolving Credit and the International Consumer .¹

Tadashi Inoue, Hiroshima Shudo University, Japan.

The Dynamic Characteristics of Cash in Advance (CIA) Model. ²

Danny Cassimon, University of Antwerp, Belgium.

Peter-Jan Engelen, Utrecht University, The Netherlands.

Vilimir Yordanov, Sofia St. Kliment Ohridski University, Bulgaria.

Decomposing the Value of a Pharmaceutical Firm. ³

Marcus Marktanner, American University of Beirut, Lebanon.

Income Inequality and Democratization. ⁴

DISCUSSANTS:

1. Koichi Takeda, Hosei University, Japan.

2. Eric Houk, California State University, USA.

3. John T. Finley, Columbus State University, USA.

4. Earl A. Thompson, UCLA, USA.

<><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>

Saturday, July 23, 2005

8:30 AM – 10:30 AM

Humphreys Room

Session [13]: Issues in Human Resources & Health Services.

CHAIR:. Andreas Budihardjo Surijah, Prasetiya Mulya Business School, Jakarta, Indonesia.

AUTHORS & TITLES:

Zafar I. Kayani, University of Bahrain, Kingdom of Bahrain.

The Utilization of Health Services in Bahrain: The Elasticity of Demand Approach. ¹

Andreas Budihardjo Surijah, Prasetiya Mulya Business School, Jakarta, Indonesia.

Building an Effective Planning Model: A Theoretical Review. ²

Derek Chan, University of Macau, Macau.

Enhancing Employees' Job Performance: an Investigation of the Impact of Structure and the Need of Achievement. ³

Yildiz Y. Guzey, & Cevdet Kizil, Kadir Has University, Turkey.

Relationship between Job Satisfaction and Employee Attitudes: Empirical Findings on Turkish Manufacturing Industry. ⁴

DISCUSSANTS:

1. Cevdet Kizil, Kadir Has University, Turkey

2. David G. Vequist IV, Univ.of the Incarnate Word, USA.

3. Anita Ghatak, The University of Greenwich, UK.

4. Zafar I. Kayani, University of Bahrain, Kingdom of Bahrain.

<><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>

Saturday, July 23, 2005

11:00 AM – 1:00 PM

Kachina Room

Session [14]: Seminar.

Irving R. Burling

Retired CEO CUNA MUTUAL LIFE and

Business Consultant, USA.

Win Without Greed – How Creating a Plan and Taking Action ‘Outside The Box’ Saved

a 100 Year Old Company from Ruin and Created a Sustainable Future.

<><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>

Saturday, July 23, 2005

11:00 AM – 1:00 PM

Mt Elden Room

Session [15]: Applied Microeconomics, Interactive Learning & Operating Leases.

CHAIR: Kathy Tannous, Macquarie University, Australia.

AUTHORS & TITLES:

Jo Voola, The University of Western Australia, Australia.

Patterns in Patents: A Re- Interpretation of the Structure of the Pharmaceutical Industry. ¹

Jay Squalli, American University in Dubai, UAE.

How is Passenger Recollection Affected by Accident Gravity. ²

Lily Wong & John Breen, Victoria University, Australia.

Expanding Interactive Learning. ³

Pierre P. Matthee, Nelson Mandela Metropolitan University, South Africa.

Operating Leases: Finding a Solution to the “Off-Balance-Sheet-Problem”: The Search Continues. ⁴

DISCUSSANTS:

1. Ivica Veza, University of Split, Croatia.

2. Jo Voola, The University of Western Australia, Australia.

3. Pierre P. Matthee, Nelson Mandela Metropolitan University, South Africa.

4. Lily Wong, Victoria University, Australia.

<><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>

Saturday, July 23, 2005

11:00 AM – 1:00 PM

Humphreys Room

Session [16]: The Natural Environment & Marketing.

CHAIR: Elliot Rosenberg, U.S. EPA - Region 10, USA.

AUTHORS & TITLES:

G. Scott Erickson, Ithaca College, USA.

Revisiting the Porter Hypothesis in the Wake of Kyoto. ¹

Cynthia M. Webster & Civilai Terawatanavong,

The University of Newcastle, Australia.

The Role of Professional Associations in Business Networks. ²

Eric Houk, California State University, Stanislaus USA;

Marshall Frasier & Eric Schuck, Colorado State University, USA.

Evaluating the Adoption of Higher Efficiency Irrigation Systems in the Presence of Waterlogging & Salinization. ³

Katsumi Matsuura, Hiroshima University, Japan; &

Fumiko Takeda, University of Tokyo, Japan.

The Effect of ‘Dirty’ Trade on the Environment: A Cointegration Analysis of CO₂ Emissions in Latin America. ⁴

DISCUSSANTS:

1. Michael Novak, University of Massachusetts-Boston, USA.

2. Andreas Budihardjo Surijah, Prasetiya Mulya Business School, Jakarta, Indonesia.

3. Paul Lyons, Frostburg State University, USA.

4. Ho-don Yan, Feng Chia University, Taiwan, ROC.

<><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>

Sunday, July 24, 2005

8:30 AM – 10:30 AM

Kachina Room

Session [17]: Management & Production, eBanking & Research Productivity.

CHAIR: Victoria Wise, Victoria University, Australia.

AUTHORS & TITLES:

<