Global Business & Economics Anthology 

                         Volume II, December 2007

 

 

The Global Business & Economics Anthology is an international refereed publication, published

annually (December) by the Business & Economics Society International, with original papers selected

from the Society’s annual Conference.

 

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                                                                                  EDITOR:

                                                                          Demetri Kantarelis

                                         

                                                                             REVIEWERS:

                                                           (In Alphabetical Order)

 

Al-Hoory, Mothanna T.I.

Allen, David

Angresano, James

Anon Higon, Dolores

Ashford, Robert

Ayadi, Mohamed

Barac, Zeljana

Basar, Banu

Berg, Nathan

Bertrand, Jean-Louis

Bhaskar, Vashishta

Bildirici, Melike

Borrmann, Jorg

Boustras, George

Bragues, George

Bruna, Karel

Bubic, Jasenka

Burgess, Stephen

Cailleau, Thierry

Cantarella, Anthony

Clinton, Ide

Costa, Roberta

Daly, Shawn

Das, Kshiti B.

Daskou, Sofia

de Marcellis-Warin, Nathalie

De Mel, Sandy

Demediuk, Peter

Desmarais, Fabrice

Desmarais, Melanie

Didehvar, Fatemeh

Efstathiades, Andreas

Elger, Thomas

El-Wassa, Kamal A.

Evangelista, Felicitas

Ewang, Fritz

Faux, Jeffrey

Gentzoglanis, Anastasios

 

 

Gikas, Grigorios

Godinho, Pedro

Gripaios, Peter

Harman, Keith

Hart, Neil

Harun, Azhar

Hoffman, Sabine

Hogan, Warren

Holman, Robert

Hongcharu, Boonchai

Hyz, Alina

Islam, Mazharul

Joiner, Therese

Kolakovic, Marko

Konya, Lazlo

Kosmidou, Kyriaki

Koufopoulos, Dimitrios 

Kuenzel, Sven  

Kurihara, Yutaka

Lai, Ming Ling

Leitao, Nuno, C.

Leveson, Lynne

Li, Jiatao

Llorca, Matthieu

Lo, Hing-Po

Makris, Ilias

Mamudi, Mohit

Maniatis, Paraschos

Manolopoulos, Christos

Margret, Julie

Marks, Andrew

McKenzie, Brent

Moloney, Richard

Mowatt, Simon

O’Donovan, Gary

O’Neil, Charles

Oktay, Sadiye

Panday, Priniti

 

 

Papadopoulos, Theo

Paul, Sanjay

Petrochilos,.George

Petsas, Iordanis

Pires, Guilherme

Potocan, Vojko

Pranicevic, Daniela

Radder, Gerrit.

Rafferty, Michael

Rajagopal

Raju, V.

Rodgers, Timothy

Rose, Graeme

Roslak, Thomas

Salavrakos, Ioannis-Dionysios

Sell, Friedrich L.

Sellitto, Carmine

Springler, Elisabeth

Stanton, John

Stanton, Patricia

Stilwell, Frank

Tangas, Pericles

Tannous, Kathy

Tao, Yu-Hui

Teachout, Mark

Tetik, Nilufer

Topyan, Kudret

Umutlu, Mehmet

Van der Bank, Riana C.M.

Vemuri, Ram S.

Viswanathan, G

Vo, Xuan Vinh

Vuco, Tina

Wan, Allan

Weston, Rae

Whitefield, Despina

Wise, Victoria

Yan, Ho-don

Yeh, Rosa

 

 

Global Business & Economics Anthology 

          Volume II, December 2007

 

 

 CONTENTS

         

Foreign Direct Investment & International Business / Economics

 

Macro Issues In Electronic Commerce And Foreign Direct Investment.                                      1

Guilherme Pires, University Of Newcastle, Australia; &

John Stanton, University Of Western Sydney, NSW, Australia.

 

Determinants Of Foreign Direct Investment In Portugal.                                                            13

Horacio C. Faustino, ISEG, Technical University Of Lisbon, Portugal &

Nuno Carlos Leitao, ESGS, Polytechnic Institute Of  Santarem, Portugal.

 

A French Solution? Adaptation In The Globalising Context.                                                      21

Helen Berry, University Of Brighton, England.

 

Understanding The Economic Contribution Of Tourism To Economic Development:

The Case Of Ireland West.                                                                                                      33

Jim Deegan, National Centre For Tourism Policy Studies,

University Of Limerick, Ireland; &

Richard Moloney, Centre For Policy Studies, UCC, Ireland.

 

The Analysis Of The Financial Integration And Monetary System In The E(M)U.                       46

Vlatka Bilas & Sanja Franc, Zagreb University, Croatia.

 

 

Government Regulation & Public Choice

 

From Atomic Bomb To Aromatherapy: Misplaced Metaphors For

Local Government Reforms?                                                                                                    56

Peter Demediuk, Victoria University, Australia &

Rolf Solli, Goteborg University, Sweden.

 

Linking Accountability To Public Sector Performance: A Case Study.                                       69

Graeme C. Rose, Charles Sturt University, Australia.

 

Testing the IS Problem-Diagnosis Framework Via Taiwan’s Government

Electronic Procurement System.                                                                                               80

Yu-Hui Tao, National University Of Kaohsiung, Taiwan, R.O.C;

Josephine Lee & Shu-Chu Liu, National Pingtung University Of

Science& Technology, Taiwan, R.O.C.

 

Dynamic And Realistic Collective Choice.                                                                                92

Yasumi Matsumoto, Waseda University, Tokyo, Japan.

 

 

Game Theory & Industrial Organization

 

Open Source Software Development, Innovation, And Coordination Costs.                           104

Jean-Philippe Bonardi, University Of Western Ontario, Canada; &

Thierry Warin, Middleburry College, USA.

 

Innovative Process And Firm’s Performance: A Survey In Traditional And

High-Tech Sectors Of Greek Economy.                                                                                 117

Ilias Makris, University Of Patras, Department Of Business Administration &

Kalamatas’ Technological Institute, Greece.

 

Perceptions And Evaluations Of Internal Communications:  A Study Of An

Automotive Firm In Turkey.                                                                                                   125

Mine Ayman & Oznur Ozturk, Anadolu University, Eskisehir, Turkey.

 

 

Human Resources Issues

 

Issues And Problems With Diversity Management In Australia.                                               137

Lynne Leveson & Terri Joiner, La Trobe University, Australia.  

 

Managing Globalization Of The Labor Force For Mutual Benefit.                                           147

S. Ram Vemuri, Charles Darwin University, Australia.

 

Determinants Of Salary Differentials Of Graduates In The United Arab Emirates:

A Human Capital Theory Approach.                                                                                      159

Cedwyn Fernandes, University Of Wollongong In Dubai, U.A.E.

 

 

Innovation & Microfinance

 

EU Innovation Systems, Policies And Measures: Some Theoretical And Policy

Based Issues And The Case Of Greece.                                                                                172

Cristos Manolopoulos & Rozina Efstathiadou

Research Academic Computer Technology Institute, Greece.

 

Understanding Innovation In Brazil’s Industry.                                                                        185

Maria Cristina Ortigao Sampaio Schiller, IBMEC/ RJ, Brazil.

 

A Search For A Paradigm In Micro Finance For Economic Growth.                                      197

Kshiti Bhusan Das, Utkal University, Vani Vihar Bhubaneswar, Orissa, India.

 

 

Monetary Issues

 

The Interest Rate Transmission Mechanism And Changing Structure

Of Bank System In The Czech Republic.                                                                               208

Karel Bruna, University Of Economics, Prague, Czech Republic.

 

Monetary Policy Transmission Mechanisms. An Econometric Analysis:

The Cases Of United Kingdom And France.                                                                          223

Paraschos Maniatis, Athens University Of Economics And Business, Greece.

 

Money-Output And Credit-Output Link: Some Evidence From

Malaysian Construction Sector.                                                                                             239

Zarinah Yusof, Universiti Malaya, Malaysia; &

Azali Mohamed & Ahmad Zubaidi Baharumshah, Universiti Putra, Malaysia.

 

 

Growth & Equity Funding

 

Differential Growth In European Countries And Regions1995-2003:

Some Implications For The Lisbon Agenda.                                                                           250

Peter Gripaios & Paul Bishop, University Of Plymouth, UK.

 

Equity Funding Through Initial Public Offerings: The Case Of Bangladesh.                              260

Muhammad Mahboob Ali, The People’s University Of Bangladesh,

Bangladesh; &

Victoria Wise, Head, School Of Accounting & Corporate Governance,

University Of Tasmania, Australia.

 

 

Accounting

 

Local Government Electronic Reporting: Accountability And Empowerment Issues.                267

Patricia Stanton, University Of Newcastle, NSW, Australia &

John Stanton, University Of Western Sydney, NSW, Australia.

 

Expanding Online Learning:  Struggles And Successes.                                                           277

Lily Wong & Fiona Henderson, Victoria University, Australia.

 

Accounting Practice And Education In China.                                                                                                                                                                                                                           289

Mingyi Xie, Asia-Australia Business College, Liaoning University, P.R, China; &

Peter Demediuk & Robert Sims, Victoria University, Australia

 

Risk Reporting In Corporate Annual Reports Of Turkish Companies.                                     300

Banu Basar, Anadolu University, Turkey.

 

 

Management

 

Thai Managers’ Perceptions Of Corporate Governance.                                                        308

Chatrudee Jongsureyapart, Victoria University, Australia; &

Victoria Wise, Head, School Of Accounting & Corporate Governance,

University Of Tasmania, Australia.

Impacts Of Effective Communications In IT Consulting.                                                          317           

G. Reza Djavanshir, Johns Hopkins University, USA.

 

Moral Intelligence, Corporate Strategy And Corporate Performance:

In Search Of A Research Model.                                                                                           323

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

 

 

Marketing

 

The Use Of Ethnicity In Marketing: Reconciling Theory And Practice.                                    331

Guilherme Pires, University Of Newcastle, NSW Australia; &

John Stanton, University Of Western Sydney, NSW Australia.

 

Store Loyalty And Consumer Response To Clearance Sales: An Empirical Analysis

In Mexican Retail Environment.                                                                                              343

Rajagopal & Amritanshu Rajagopal, Institute Of Technology And

Higher Education, ITESM, Mexico.

 

Economics Of New Product Introduction And Seasonality Effect.                                          349

Rajagopal, Institute Of Technology And Higher Education, ITESM, Mexico.

 

What Do Companies Release To Media?                                                                              360

Mesude Canan Ozturk & Mine Ayman, Anadolu University, Eskisehir, Turkey.

 

What Does Media Report About Companies?                                                                       372

Mesude Canan Ozturk, Anadolu University, Eskisehir, Turkey.

 

 

Finance & International Finance

 

An Approach For Determining Stock Prices: The Mixture Of Fundamental

And Chartist Model.                                                                                                              382

Yutaka Kurihara, Aichi University, Japan.

 

The Impact Of Undisclosed Vs. Disclosed Limit Orders: Evidence

From Inter-Day Returns, Signalling, Information Effects On The ASX.                                    390

David E. Allen, Alexander Shu-Sing Cheng & Joey Wenling Yang

Edith Cowan University, Australia.

 

Financial Decisions Under Distributed Profit Taxationa Cross-Industry Perspective.                402

Aaro Hazak, Tallinn University Of Technology, Estonia.

 

A Model For The Application Of Real Options Analysis To R&D

Projects In The Telecommunications Sector.                                                                          412

P.C. Godinho, Grupo De Estudos Monetários E Financeiros (GEMF) And

Faculty Of Economics Of The University Of Coimbra, Portugal;

J.G. Regalado & A.R. Afonso, PT  Inovação And Faculty Of

Economics Of The University Of Coimbra, Portugal.

 

 

Ethics

 

Business Ethics Between Interest Base And Normative Approaches In

The Light Of Requisite Holism.                                                                                              421

Vojko Potocan & Matjaz Mulej, University Of Maribor, Slovenia.

 

The Organizational Dimensions And Performance: An Exploratory Study For

An Organizational Diagnostic Model.                                                                                     432

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

 

Objective Foundations And The Essence Of Social Responsibility In Russia.                          443

Olga V. Danilova, State Academy Of Finance, Moscow, Russian Federation.

 

 

Empirical Analysis, Law & Economics

 

Is There A Causal Relationship Between International Travel And

Trade?Further Evidence From Australia.                                                                                449

Laszlo Konya, La Trobe University, Australia

 

Human Trafficking In South Africa Needs To Be Criminalised.                                               461

C.M. Van Der Bank, Vaal University Of Technology, South Africa.

 

 

Regulating Share Capital Transactions & Creditor Protection:

A Multi-Faceted Model.                                                                                                        471

Fritz  Ewang, School Of Business, Charles Sturt University, Australia.

 

Economic, Institutional And Social Origins And Reasons For

The Existence Of Corruption.                                                                                                485

Marina Alpidovskaya, Financial Academy, Moscow, Russian Federation.

 

 

Education Issues

 

The Impact Of Organizational Context On Marketing Knowledge Acquisition In IJVS.           490

Felicitas Evangelista, University Of Western Sydney, Australia; &

Le Nguyen Hau, Hochiminh City University Of Technology, Vietnam.

 

The Role Of Higher Education In Generating Innovation Economy In Russia.                          502

Gushchina, E.G., Volgograd State Technical University, Russia.

 

 

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