Global Business & Economics Anthology 

                          Volume II, December 2009

 

 

The Global Business & Economics Anthology (GBEA) is an international refereed publication,

published semi-annually by the Business & Economics Society International, with original papers selected

from the Society’s January and July Conferences.

 

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Tel: (508) 852-3937, FAX: (508) 595-0089, Email: hkan@besiweb.com, Web: http://www.besiweb.com

 

ISSN: 1553-1392

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EDITOR:

 

Demetri Kantarelis, Assumption College, USA

 

 

EDITORIAL BOARD:

 

 

David E. Allen

Edith Cowan University, Australia

 

Zeljana Aljinovic Barac

University of Split, Croatia

 

Nathan Berg

University of Texas at Dallas, USA

 

Roberto Bergami

Victoria University, Australia

 

Helen Berry

University of Brighton, UK

 

Jörg Borrmann

University of Vienna, Austria

 

Lisa Bradley

University of Ulster, Austria

 

Steve Carter

Leeds Business School, UK

 

Sofia Daskou

Hellenic American University, Greece

 

Juan J. DelaCruz

Lehman College, CUNY, USA

 

Nathalie De Marcellis-Warin

Ecole Polytechnique de Montréal, Canada

 

Peter Demediuk

Victoria University, Australia

 

Andreas Efstathiades

European University Cyprus, Cyprus

 

Katalin Eibel-Spanyi

Eastern Connecticut State University, USA

 

Graham Elkin

University of Otago, New Zealand

 

 

Anastassios Gentzoglanis

Université de Sherbrooke, Canada

 

Pedro J. Gutierrez

Universidad de Valladolid, Spain

 

Ferda Halicioglu

Yeditepe University, Turkey

 

Neil Hart

University of Western Sydney, Australia

 

Marko Kolakovic

University of Zagreb, Croatia

 

László Kónya

La Trobe University, Australia

 

Anthony B. Lumby

University of the Witwatersrand, South Africa

 

Yasumi Matsumoto

Waseda University, Japan

 

Sam Mirmirani

Bryant University, USA

 

Guilherme D. Pires

University of Newcastle, Australia

 

Rolf Solli

Göteborg University, Sweden

 

Mark S. Teachout

University of the Incarnate Word, USA

 

Nilüfer Tetik

Akdeniz University, Turkey

 

S. Ram Vemuri

Charles Darwin University, Australia

School of Law and Business

 

Thierry Warin

 Middlebury College, USA

 

 

 

 

   Global Business & Economics Anthology 

                Volume II, December 2009

 

 

     CONTENTS

 

 

BUSINESS ETHICS & MANAGEMENT

 

A Value-Based Approach to Recognizing CEOs With Ethical Leadership.                                     1

Yi-Jung Chen

National Kaohsiung University of Applied Sciences, Taiwan.

 

Modernity & Tradition: Critical Success Factors in Small Italian Wineries.                                     9

Peter Demediuk

CTSR, Victoria University, Australia.

 

Succession Planning: A Strategic Tool for Human Resource Planning in Small                             21

and Medium Enterprises (SMEs) in Ghana.
James Kennedy Turkson

Kwame Nkrumah University of Science and Technology, Kumasi, Ghana.

 

Trust, Ethnic Lineages and Collective Action in the Management of Mau South                           32

Water Towers, Kenya.

Tom Mongare Ndege

Moi University, Kenya.

 

Integrated Briefing Room Activity for the Enhancement of                                                         44

On-Time Delivery: A Case Study of L Company’s War-Room Activity.

Jong Mun Choi, Chan Kwan Park, Sung Heon Lee & Chae Bogk Kim

Kyungpook National University, Korea.

 

Economics for Managing Nuclear Science in Japan.                                                                   54

Kazuaki Yanagisawa

Japan Atomic Energy Agency, Japan.

 

MARKETING

 

A Fuzzy AHP-Based Analysis of Customers Selection of Small Package                                   64

Express Services in Korea.

Tae-Hoon Kim, Ji Hye Lee & Pansoo Kim

Kyungpook National University, South Korea.

 

Developing an Instrument for Measuring Buyer Perceived Value Toward                                   72

Auction Websites.

Hsin-Hui Lin

National Taichung Institute of Technology, Taiwan.

 

The Effects of Education Quality on School Brand Image: A Focus on                                        79

the Creation of High Schools in Korea.

Hwan Leep Yeo, Tae Hoon Kim & Pan Soo Kim

Kyungpook National University, Korea.

 

INNOVATION & ENTREPRENEURSHIP

 

Wii: A Disruptive Innovation?                                                                                                   91

Michael A. Novak

University of Massachusetts Boston, USA.

 

Challenges of Innovation in Local Development                                                                       103

Maria Cristina Ortigăo Sampaio Schiller

IBMEC/ Brazil.

 

Managerial Creativity and Innovation: A Panacea for Organizational Change                             117

and Development.
James Kennedy Turkson & Kingsley Opoku Appiah

Nkrumah University of Science and Technology, Kumasi, Ghana.

 

THE MACROECONOMY, FINANCE & INVESTEMENTS

 

An Evaluation of the European Community Support Framework.                                               127

Silvia Trifonova

University of National and World Economy (UNWE) Sofia, Bulgaria &

Angel Ivanov

Sofia Municipality, “Culture” Directorate, Sofia, Bulgaria.

 

Financial Risk Management in Southeastern European Economies:                                            142

The Case of Bulgaria.

Trifon Blagoev Trifonov & Venelina Georgieva Trifonova

Economic University, Sofia, Bulgaria.

 

The Role of Micro Financial Institutions in Ghana: The Small and Medium                                 156

Enterprise Perspective.

Kingsley Opoku Appiah, James Kennedy Turkson

Kwame Nkrumah University of Science and Technology, Ghana, &

Phaustina Hagan

Bank of Ghana, Ghana.

 

Money, Liquidity and Financial Cycles.                                                                                    164

Marijana Ivanov

University of Zagreb, Croatia.

 

Interrelationship between Select Indian and US Stock Indexes:                                                 175

A Cointegration Approach.

Gunjan Malhotra & Ankit Goyal

Institute of Management Technology, IMT Raj Nagar, India.

 

Equity Pricing Determinants; Effects on Monetary Policy Formulation                                      184

in Inflationary Markets (A Case Study of Zimbabwe).

Job Dubihlela

Vaal University of Technology, South Africa.

 

BANKING AND THE FINANCIAL CRISIS

 

Banking System Structure Influence on Performance and Fragility in Financial                          197

Crisis: Case Study of Croatia.

Ana Kundid

University of Split, Croatia;

Roberto Ercegovac

University of Split, Croatia: Societe Generale Splitska banka d.d, Croatia; &

Ivica Klinac

Hypo Alpe Adria Bank d.d, Croatia.

 

Bank Liquidity Distress Transfer toward Real Economy ahead of Financial Crisis.                    210

Ana Kundid

University of Split, Croatia;

Roberto Ercegovac

University of Split, Croatia: Societe Generale Splitska banka d.d, Croatia;

Ivica Klinac

Hypo Alpe Adria Bank d.d, Croatia.

 

LABOR SUPPLY & LOCAL GOVERNMENT

 

Study the Effect of Tax (Income-Wage) on Labor Supply (Special Jobs).                                 221

Mohsen Zayanderoody

Islamic Azad University-Yazd Branch, IRAN.

 

Recipes for Community Engagement in Swedish Local Government.                                       226

Peter Demediuk

CTSR, Victoria University, Australia.


 

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