Global Business & Economics Anthology 2005

 

 

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)

 

Abu-Rashed, Jamal

Alfonso, Jose L.

Andersen, T.J.

Babic, Zoran

Bhaskar, Vashishta

Bitzenis, Aris

Bradley, Lisa

Brathwaite, T.

Budihardjo, Andreas

Cantarella, Anthony

Cantarella, Anthony

Caporale, G.  Maria

Cebula, Richard

Celik, Adnan

Chan, Alex

Chan, Derek

Daskou, Sophia

Dulcic, Zelimir

Efstathiades, Andreas

Elkin, Graham

Erickson, Scott

Ferrante, Francesco

Golden, Lonnie

Guido, Gianluigi

Halicioglu, Ferda

Harman, Keith

Hartlrey, Robert

Hundal, S. Singh

Inoue, Tadashi

Jegasothy, Kandiah

Jones, Philip

Kizil, Cevdet

Kurihara, Yutaka

Letza, Steve

Lyons, Paul

Manfra, Pellegrino

Marangos, John

Marktanner, Marcus

McAleese, D.

Mehanna, Rock

Meissner, Gunter

Misra, S.B.

Mowatt, Simon

Nicolaidis, C. S.

Oladipo, O. S

Pecaric, Mario

Petrochilos, George

Pillarisetti, Ram

Pinto, Heleder

Pires, Guilherme D.

Portougal, Victor

Potocan, Vojko

Radder, Gerrit

Rowley, J.

Rubb, Stephen

Salavrakos, I.D.

Smith, William R., Jr.

Springler, Elisabeth

Stanton, John

Sumpikova, Marketa

Szamosi, L.T.

Szenberg, Michael

Takeda, Fumiko

Takeda, Koichi

Tannous, W. Kathy

Tchiang, Theresa

Thompson, Earl

Tsionas, Mike

Ugur, Mehmet

Veloutsou, Cleopatra

Vequist IV, David G.

Verrier, Julieta

Voola, Jo

Wang, Guanz-Zhen

Webster, Cynthia M.

Widgren, Mika

Williams, Leighton Vaughan

Wise, Victoria

Yan, Ho-don

Yu, Tyler

Zain, M.

 

 

 

CONTENTS

 

MACROECONOMIC & MONETARY ISSUES

 

Earl A. Thompson, UCLA, USA; &                                                                                                   1

Charles R. Hickson, Queens University at Belfast, Northern Ireland.

PREDICTING BUBBLES AND BUBBLE-SUBSTITUTES.

 

Yutaka Kurihara, Aichi University, Japan.                                                                                           25

MONETARY EASING IN JAPAN: POLICY INFLUENCES AND

TRANSITION PROBLEMS.

 

Rock-Antoine Mehanna, Lebanese American University, Lebanon.                                                    33

EXAMINING WAGNER’S LAW: A CO-INTEGRATION ANALYSIS.

 

Tadashi Inoue, Hiroshima Shudo University, Japan.                                                                             42

THE DYNAMIC CHARACTERISTICS OF CASH IN ADVANCE

(CIA) MODEL.

 

Cathyann D. Tully, Kean University, USA.                                                                                         59

SOCIAL SECURITY ISSUES.

 

 

ECONOMIC DEVELOPMENT & REFORM

 

Elisabeth Springler, Vienna University, Austria.                                                                              62

HOUSING SUBSIDIES BETWEEN MAASTRICHT FISCAL

REQUIREMENTS AND SOCIAL AIMS: CAN THE AUSTRIAN

SYSTEM BE MODEL FOR THE NEW MEMBER STATES?

 

John Marangos, Colorado State University, USA.                                                                              74

A POLITICAL ECONOMY APPROACH TO THE CHINESE

MODEL OF TRANSITION.

 

David Floyd, University of Lincoln, UK;                                                                                              84

Wyn Jenkins & Sophia Wang, Staffordshire University, UK.

NETWORKING IN EMERGING MARKETS, SOME ADVISE

FOR PERSPECTIVE FIRMS.

Jan Pavel & Marketa Sumpikova, University of Economics, Prague, Czech Republic.                      90

MEASUREMENT OF SIZE OF GLOBAL PUBLIC PROCUREMENT

MARKET IN CENTRAL EUROPEAN ECONOMIES.

 

Niksa Nikolic & Mario Pecaric, University of  Split, Croatia.                                                            102

NEW REFORM APPROACH IN TRANSITION COUNTRIES AND

THE ROLE OF IFIs.

 

Marcus Marktanner, American University of Beirut, Lebanon.                                                           112

INCOME INEQUALITY AND DEMOCRATIZATION.

 

Marcus Marktanner, American University of Beirut, Lebanon.                                                           120

DETERMINANTS OF INVESTMENT CLIMATES.

 

 

FINANCE, INVESTMENTS & DEBT

 

Leighton Vaughan -Williams, Nottingham Trent University, UK.                                                        128

TAX POLICY IN THE UK: AN EXAMINATION OF THE IMPLICATIONS

OF BETTING TAX REFORMS FOR THE TAXATION OF UK EQUITY MARKETS.

 

Victoria Wise, Victoria University, Australia.                                                                                       137

PUBLISHED FINANCIAL REPORTS OF GOVERNMENT – USERS AND USES.

 

Fumiko Takeda, University of Tokyo, Japan; &                                                                                  146

Koichi Takeda, Hosei University, Japan.

THE PRICE OF DEBT AND THE ROLE OF LARGE CREDITORS IN

CREDITOR COORDINATION.

 

Kandiah Jegasothy, J. Tippet, Victoria University, Australia; &                                                         158

T. Satjawathee, Payap University, Thailand.

EVALUATION OF THE JOINT BEHAVIOUR OF PERFORMANCE AND

RISK IN THE THAILAND EQUITY FUND MARKET.

 

Alex W.H. Chan, University of Hong Kong, Hong Kong, China.                                                          164

            IMPACT FROM THE END-OF-DAY EFFECT OF UNDERLYING STOCK

ON THE OPTION TRADING BEHAVIOR.

 

John T. Finley, Columbus State University, USA.                                                                                176

ADVENT OF THE BANKCARD: UBIQUITOUS REVOLVING CREDIT

AND THE INTERNATIONAL CONSUMER.

 

Torben Juul Andersen, Copenhagen Business School, Denmark.                                                        187

                RISK MANAGEMENT, CAPITAL STRUCTURE, AND PERFORMANCE:

A REAL OPTIONS PERSPECTIVE.

 

Vashishta Bhaskar, Philip Baird & Jennifer Milcarek, Duquesne University, USA.                        200

IS SMART MONEY INVESTING IN COMMODITIES? A STUDY OF

RETURNS TO SPECULATORS IN COFFEE, CRUDE OIL AND

SOYBEAN FUTURES CONTRACTS.

 

 

INDUSTRIAL ORGANIZATION & INDUSTRY STUDIES

 

Maria Cristina Ortigăo Sampaio Schiller, State University of Rio of                                                 207

Rio de Janeiro & Candido Mendes University & ENCE/IBGE, Brazil.

THE NATURE AND DYNAMICS OF KNOWLEDGE ABILITIES.

 

Samir Gupta, Monash Univeristy, Australia; &                                                                                    220

Cynthia M. Webster, University of Newcastle, Australia.

DIAMOND INDUSTRY: IMPACT OF ECONOMIC AND ORGANIZATIONAL

CHANGES ON NETWORK STRATEGY DEVELOPMENT.

 

Lisa Bradley, University of Ulster Coleraine, Northern Ireland; &                                                        228

Charles Hickson, Queens University, Belfast, Northern Ireland.

MANAGEMENT VERSUS SHAREHOLDER COMPENSATION IN

UK ACQUISITIONS.

 

Andrey Androshchuk & Michael Szenberg,                                                                                     236

Lubin School of Business, Pace University, USA.

THE CHANGING STRUCTURAL CONDITIONS OF THE AMERICAN

COMMERCIAL BANKING INDUSTRY.

 

Steve Letza, James Kirkbride, Liverpool John Moores University, UK;                                            243

Ma Zhong, Beijing Jiaotong University China; &

Sun Xiuping, Leeds Metropolitan University, UK.

AN ALTERNATIVE ANALYSIS OF THE FAILURE OF RAILTRACK, UK.

 

 

INTERNATIONAL TRADE & FOREIGN DIRECT INVESTMENT

 

Subarna K. Samanta, College of New Jersey, USA; &                                                                      263

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

FOREIGN DIRECT INVESTMENT IN LABOR SHORT ECONOMIES.

 

Mika Widgren, Turku  School of Economics and Business Administration, Finland; &                         270

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

ASIAN REGIONALISM VERSUS GLOBAL FREE TRADE: A SIMULATION

STUDY ON ECONOMIC EFFECTS.

 

Katsumi Matsuura, Hiroshima University, Japan; &                                                                           280

Fumiko Takeda, University of Tokyo, Japan.

THE EFFECT OF ‘DIRTY’ TRADE ON THE ENVIRONMENT: A PANEL

COINTEGRATION ANALYSIS OF CO2 EMISSIONS IN LATIN AMERICA.

 

Lorena Skuflic, University of Zagreb, Croatia.                                                                                     289

THE PATTERN OF THE INTRA-INDUSTRY TRADE BETWEEN

CROATIA AND EUROPEAN UNION.

 

BUSINESS ETHICS


Donald E. English, Edgar Manton & Janet Walker,                                                                       302

Texas A & M University-Commerce, USA.

BUSINESS ETHICS: HAVE HUMAN RESOURCE MANAGERS CHANGED

THEIR PERCEPTION?

Tamika Chambers, Capella University, USA.                                                                                     311

FACTORS THAT CONTRIBUTE TO THE NEED TO ADDRESS

E-COMMERCE’S GROWING REGULATORY AND ETHICAL DILEMMAS.

 

Vojko Potocan & Matjaz Mulej, University of Maribor, Slovenia.                                                      323

ETHICS OF SUSTAINABLE DEVELOPMENT IN CORPORATE GOVERNANCE.

 

 

HUMAN RESOURCES

 

S.B. Misra, BITS – Pilani, Rajasthan, India.                                                                                        335

CONSULTANCY CONTOURS IN TRAINING & DEVELOPMENT (T&D)

INTERVENTIONS IN ENTREPRENEURSHIP: MODELS FOR ORISSA, INDIA.

 

W. Kathy Tannous, Macquarie University, Australia.                                                                          350

NATIONAL STUDY OF OCCUPATIONAL HEALTH AND SAFETY IN

AUSTRALIAN RESIDENTIAL AGED CARE SERVICES.

 

Julieta Verrier, Martin Haley & Chris Dunn, Coventry University, UK.                                          365

THE GEMS THAT CAN BECOME DIAMONDS: SERVICE PROVIDER'S

EMPLOYEES; A CASE STUDY ON INTERNAL AND EXTERNAL QUALITY,

SATISFACTION AND LOYALTY.

 

David G. Vequist IV & Mark Teachout, University of the Incarnate Word, USA.                            376

THE DEVELOPMENT OF A NOMOLOGICAL NETWORK TO DESCRIBE

NEW AND EMERGING TECHNOLOGIES IN TRAINING AND

DEVELOPMENT (T&D).

 

 

MANAGEMENT & FIRM PERFORMANCE

 

Wen-Kuei Liang & Ya-Wen Hsueh, Graduate Institute of Business Administration,                            385

Taiwan, R.O.C.

AN EXAMINATION IN KNOWLEDGE CREATION AND INNOVATION

IN INTERNATIONAL JOINT VENTURES.

 

G. Scott Erickson, Ithaca College, USA &                                                                                         393

Helen N. Rothberg, Marist College, USA.

INTELLECTUAL CAPITAL AND NATIONAL COMPETITIVENESS.

 

Chu-May Amy Yeo, Tunku Abdul Rahman College, Malaysia; &                                                        408

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

LINKING CULTURE STRENGTH AND MANAGERIAL COMPETENCIES TO

CORPORATE PERFORMANCE: THE CASE OF MALAYSIA.

 

Michael Novak, University of Massachusetts-Boston, USA.                                                               429

THE DYNASTY THAT SHOULDN’T BE: INNOVATION AS THE

COMPETITIVE EDGE.

 

Andreas Budihardjo Surijah,                                                                                                             440

Prasetiya Mulya  Business School, Jakarta, Indonesia.

BUILDING AN EFFECTIVE PLANNING MODEL: A THEORETICAL REVIEW.

 

Van Kam Tchiang, University of Macau, Macao, China.                                                                     449

THE EFFECT OF BOARD INDEPENDENCE AND FINANCIAL

PERFORMANCE IN HONG KONG.

G. Scott Erickson, Ithaca College, USA.                                                                                            456

REVISITING THE PORTER HYPOTHESIS IN THE WAKE OF KYOTO.

 

Ivica Veza, Bozenko Bilic & Vinko Belak, University of Split, Croatia.                                            467

CORE COMPETENCES FOR A SHIPYARD COMPANY.

 

Zoran Babić, University of Split, Croatia.                                                                                             476

PRODUCTION PLANNING VIA DE NOVO PROGRAMMING.

 

Cynthia  M. Webster & Civilai Terawatanavong,                                                                           485

The University of Newcastle, Australia.

            THE ROLE OF PROFESSIONAL ASSOCIATIONS IN BUSINESS NETWORKS.

 

Keith Harman, Northcentral University, USA &                                                                                 492

Alex Koohang, University of Wisconsin at Milwaukee, USA.

DOCTORAL DISSERTATIONS ON KNOWLEDGE MANAGEMENT: 1994-2004.

 

 

MARKETING

 

Guilherme D. Pires, University of Newcastle, Australia;                                                                      502

John Stanton, University of Western Sydney, Australia &

Patricia Stanton, University of Newcastle, Australia.

MARKET ORIENTED SERVICE DELIVERY DESIGN: INCORPORATING

CUSTOMER PERSPECTIVES OF CUSTOMER EXPERIENCES.

 

Hiral Chavda, Martin Haley & Chris Dunn,                                                                                    511

Coventry Business School, Coventry University, UK.

A UK STUDY - ADOLESCENTS’ AND PARENTS’ PERCEPTIONS OF

MASCULINE AND FEMININE PRODUCTS.

 

Guilherme D. Pires, University of Newcastle, Australia; &                                                                  520

John Stanton, University Of Western Sydney, Australia.

CULTURAL DIVERSITY AND THE EXPATRIATE ADJUSTMENT PROCESS.

 

 

EDUCATION & BUSINESS TRAINING

 

Graham Elkin, Pavel Strach & John Farnsworth,                                                                            530

University of Otago, New Zealand.

MAKING SENSE OF THE INTERNATIONALIZATION OF BUSINESS SCHOOLS.

 

Paul Lyons, Frostburg State University, USA.                                                                                     538

INFLUENCE OF THEORETICAL FOUNDATIONS OF THE CASE-BASED

MODEL.

 

Lily Wong & John Breen, Victoria University, Australia.                                                                    545

EXPANDING INTERACTIVE LEARNING.


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