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