BUSINESS & ECONOMICS

SOCIETY INTERNATIONAL

2002 ANTHOLOGY ORDER FORM

Title: Global Business & Economics Review - Anthology 2002

ISBN#: 0-9659831-5-3, [ISSN#: 1553-1333]

Pages: 520

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EDITOR

Demetri Kantarelis

REVIEWERS

(In Alphabetical Order)

Abu-Rashed, Jamal

Angresano, Jim

Aziz, H.

Balkaransingh, R.

Berg, Nathan

Binner, Jane

Budihardjo, Andrea

Carr, Adrian

Cebula, Richard

Chow, Ying-Foon

Currie, Carolyn

Donovan, Michael

Engelen, P.J.

Escudero, Elena

Fathi, Abid

Floyd, David

Geng, Lifeng

Godinho, Pedro

Gray, Keith

Hartley, Robert

Ibrahim, Gamal

Kallianiotis, Ioannis

Kehal, H.S.

Kirkbride, James

Laopodis, Nikiforos

Lawler, Kevin

Lewis, Trefor

Lumby, Anthony

Martinot, Natacha

Mowatt, Simon

Mukerjee, Gautam

O’Brien, William

Ott, Ursula

Petrick, Joseph

Petrochilos, George

Portougal, Victor

Rowley, Jennifer

Saayman, Melville

Sadorsky, Perry

Seddighi, Hamid

Stephenson, Adam

Suliman, Osman

Thompson, Earl

Tipuric, Darko

Toma, Michael

Tsionas, Efthymios

Wang, Jifu

Weymann, Elizabeth

Whalen, Charles

Yang Lester, Bijou

CONTENTS

KEYNOTE ADDRESS Page

Earl A. Thompson, University of California – Los Angeles, USA. 1

WHAT GLOBALIZATION IS REALLY ALL ABOUT

BUSINESS ETHICS & SOCIETY

George A. Petrochilos, Coventry University, England. 6

(BUSINESS) ETHICS: THE HELLENIC HERITAGE FROM PLATO

TO THE PRESENT

Scott Raasch, Victoria Johnson & Tyler Yu, Mercer University, USA. 19

CORPORATE SOCIAL RESPONSIBILITY VS. FINANCIAL

PERFORMANCE FROM THEORY TO REALITY

HUMAN RESOURCES

Annabel Droussiotis, Intercollege, Cyprus. 27

PREVENTING THE OCCUPATIONAL STRATIFICATION OF ETHNIC

MINORITIES:THE CASE OF THE UNITED STATES

Jamal Abu-Rashed, Nancy Bertaux & Elizabeth Kirkwood 45

Xavier University, USA.

GENDER AND INFORMATION TECHNOLOGY

Lianzan Xu, Francis Cai & Cho Kin Leung, William Paterson 56

University of New Jersey, USA.

NEGATIVE EARNINGS AND EQUITY VALUATION

FINANCE & INVESTMENTS

Menahem Rosenberg, Pace University, USA. 65

THE MARKET MODEL AS A MARKOV SWITCHING MODEL

USING THE KALMAN FILTER

Massoud Metghalchi & Ron Sardessai, University of Houston - Victoria, USA. 73

EMERGING EQUITY MARKETS

Natacha Martinot & Bernard Morard, University of Geneva, Switzerland. 80

REVEALED EXPECTATIONS BY ARBITRAGE OPPORTUNITIES

D. Cassimon, P.J. Engelen, L. Thomassen, & M. Van Wouwe, 88

University of Antwerp, Belgium.

THE VALUATION OF R&D OF PHARMACEUTICAL COMPANIES USING

COMPOUND OPTION MODELS

Andrew Eckford, Guilherme Pires & John Stanton, University of Newcastle, Australia. 96

INFLUENCES ON CONSUMER PERCEIVED RISK TOWARDS

ONLINE PURCHASING

Perry Sadorsky, York University, Canada. 107

OIL PRICES AND THE VOLATILITY OF THE WORLD EQUITY MARKET

MARKETING

Lifeng Geng, Lakehead University, Canada. 118

CONSUMER ATTITUDES TOWARDS INTERNATIONAL JOINT

VENTURES’ PRODUCTS

James Kirkbride & Steve Letza, Leeds Metropolitan University, UK. 124

ENHANCING CORPORATE GOVERNANCE THROUGH REGULATORY

CONVERSATIONS – A REAL CONTRIBUTION?

BEHAVIORAL ECONOMICS

Nathan Berg, University of Texas at Dallas, USA. 132

BEHAVIORAL COST-BENEFIT ECONOMICS: TOWARD A NEW

NORMATIVE APPROACH TO POLICY

Robert J. Oxoby, University of Calgary, Canada. 142

THE ROLE OF STATUS STRUCTURES IN WORK TEAM MOTIVATION

Bijou Yang, Drexel University, USA; 152

David Lester, Richard Stockton College of New Jersey, USA.

E- COMMERCE: WHO BUYS ONLINE?

Morris Altman, University of Saskatchewan, Canada; 170

Lonnie Golden, Penn State University, USA.

OVER-SUPPLY OF LABOR: BEHAVIORAL ECONOMIC ROOTS OF

LABOR SUPPLY, OVERWORK AND OVEREMPLOYMENT

Alan James MacFadyen, University of Calgary, Canada. 181

THE ECONOMICS OF BELIEFS AND THE BELIEFS OF ECONOMISTS

INNOVATION, ENTREPRENEURSHIP & GROWTH

Charles J. Whalen, Perspectives on Work magazine, USA. 194

THE AGE OF SCHUMPETER

Pikay Richardson, The University of Manchester, UK. 203

SCIENCE AND TECHNOLOGY POLICY AND THE DEVELOPMENT OF

TECHNOLOGY CAPABILITY: THE CASE OF INDIA

Gamal Ibrahim & Vaughan Galt, Nottingham Trent University, UK. 220

TOWARDS A THEORETICAL SYNTHESIS OF ETHNIC ENTREPRENEURS

Ying-Foon Chow, The Chinese University of Hong Kong, Hong Kong; 228

Jinli Zeng, National University of Singapore, Singapore.

INNOVATION, IMITATION AND ECONOMIC GROWTH IN OPEN ECONOMIES

AGGLOMERATION & PUBLIC / PRIVATE SYNERGIES

Maria Cristina Ortigão Sampaio Schiller, State University of Rio de Janeiro, Brazil. 240

TECHNOLOGICAL CHANGE, SPACE, AND ECONOMIC DEVELOPMENT

Carolyn Currie, University of Technology, Sydney, Australia. 253

PRIVATIZATIONS, PRIVATE FINANCE INITIATIVES OR PUBLIC

PRIVATE PARTNERSHIPS – A MATRIX SOLUTION?

INDUSTRIAL ORGANIZATION

Michael Toma, Armstrong Atlantic State University, USA. 265

TOURISM IN SAVANNAH, GA: THE MIDNIGHT INFLUENCE

Jifu Wang, University of Houston, Victoria, USA; 273

William R. Boulton, Auburn University, USA;

Charles A. Bullock, University of Houston, Victoria, USA.

SOE TRANSFORMATIONS: BUILDING CORE COMPETENCES FOR

GLOBAL COMPETITION

Simon Mowatt, Auckland University of Technology, New Zealand. 282

TECHNOLOGY AND INDUSTRIAL CHANGE: THE SHIFT FROM

PRODUCTION TO KNOWLEDGE–BASED BUSINESS IN THE

MAGAZINE PRINT PUBLISHING INDUSTRY

Wen-Kuei Liang, Tatung University, Taiwan. 296

PRODUCT DIVERSIFICATION AND INTERNATIONAL EXPANSION:

THEIR CHOICE AND INTERACTION

Cranmer Rutihinda & Everett Cordy, Albany State University, USA. 304

NETWORKING OF FOREIGN FIRMS IN PRE-EMERGING MARKETS

Dominique Bouf, University of Lyon, France. 310

OPEN ACCESS, VERTICAL SEPARATION AND INFRASTRUCTURE

CHARGING SYSTEMS (RAILROADS AND RAILWAYS)

REGULATION

Carolyn Currie, University of Technology, Sydney, Australia. 322

REGULATORY FAILURE IN EMERGING AND ADVANCED

MARKETS – IS THERE A DIFFERENCE?

G. Scott Erickson, Ithaca College, USA; 337

Helen N. Rothberg, Marist College, USA;

Chris A. Carr, California Polytechnic University – San Luis Obispo, USA

MANAGING COMPETITIVE CAPITAL FROM THE OUTSIDE IN

MACROECONOMIC & MONETARY ISSUES

Richard J. Cebula & Richard D. McGrath, Armstrong Atlantic State University, USA. 343

A FURTHER INQUIRY INTO DETERMINANTS OF AGGREGATE

INCOME TAX EVASION

Osman Suliman, Millersville University, USA. 350

STABILIZATION POLICIES AND EXCHANGE RATE CHANGES IN

CANADA: SOME RESULTS FROM VECTOR AUTOREGRESSIVE ANALYSIS

Ioannis N. Kallianiotis, University of Scranton, USA. 359

WHY ARE SOME INTEREST RATES SO HIGH?

Fathi Abid, Sfax University, Tunisia; 371

Hichem Eleuch, Tunis University, Tunisia.

ZERO INFLATION AND INTEREST CREDIT OPPORTUNITY (ZICO)

WITH STOCHASTIC RETURNS AND CONTINUOUS TIME MODELING

Ioannis N. Kallianiotis, University of Scranton, USA. 380

INTEREST RATE DETERMINATION: THE FED’S TARGET FUNCTION

Yutaka Kurihara, Aichi University, Japan. 393

ISSUES ASSOCIATED WITH THE SPREADING USE OF DIGITAL MONEY

INTERNATIONAL TRADE & DEVELOPMENT

Miao-Que Lin, Fu Jen Catholic University, Taiwan; 402

Wen-Kuei Liang, Tatung University, Taiwan.

THE IMPACTS FROM ACCESSION TO THE WTO AND COOPERATIVE

STRATEGIES: A COMPARATIVE STUDY ON TAIWAN AND CHINA

Subarna K. Samanta, The College of New Jersey, USA; 410

Jamal Abu-Rashed, Xavier University, USA.

EXCHANGE RATE UNCERTAINTY AND FOREIGN TRADE FOR A

DEVELOPING COUNTRY: THE CASE OF JORDAN

Tyler T. Yu, Victoria Johnson & Miranda M. Zhang, Mercer University, USA 421

MEASURING ECONOMIC DEVELOPMENT WITH INTRA-INDUSTRY

TRADE: THE CASE OF LATIN AMERICAN COUNTRIES

EDUCATION ISSUES

Elizabeth A. Weymann, Loyola University, USA. 429

BUSINESS SCHOOL LEARNING SKILLS BREED, ORGANIZATIONAL

LEARNING DISABILITIES

W. Michael Donovan, University of Southern Maine, USA. 437

LOYALTY, CULTURE, AND CHANGE: ORGANIZATIONAL RESPONSE TO

DYNAMIC MARKET CONDITIONS, AN EXAMPLE IN HIGHER EDUCATION

Satyajit Ghosh, University of Scranton, USA. 455

INVESTMENT IN EDUCATION AS BEHAVIOR TOWARDS RISK

STATISITICS, ECONOMETRICS & QUANTITATIVE METHODS

Takeshi Otsu, Hitotsubashi University, Japan. 462

MULTIRESOLUTION AND SEASONAL ADJUSTMENT

Radha Balkaransingh & Yoshimi Kuroda, The University of Tsukuba, Japan. 472

TESTING FOR CAUSALITY BETWEEN PRIVATE VARIABLES

AND PUBLIC INFRASTRUCTURE: THE CASE OF JAPAN

Erne Houghton, The University of Sydney, Australia; 484

Victor Portougal, The University of Auckland, New Zealand.

OPTIMUM CAPACITY FOR A PRODUCTION UNIT

ENVIRONMENTAL ECONOMICS

Anthony D. Owen, The University of New South Wales, Australia. 493

ON THE CALCULATION OF ENVIRONMENTAL EXTERNALITIES

OF ENERGY USE

Author Index 520