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  Subjects -> BUSINESS AND ECONOMICS (Total: 3134 journals)
    - ACCOUNTING (94 journals)
    - BANKING AND FINANCE (267 journals)
    - BUSINESS AND ECONOMICS (1158 journals)
    - CONSUMER EDUCATION AND PROTECTION (24 journals)
    - COOPERATIVES (4 journals)
    - ECONOMIC SCIENCES: GENERAL (169 journals)
    - ECONOMIC SYSTEMS, THEORIES AND HISTORY (180 journals)
    - FASHION AND CONSUMER TRENDS (13 journals)
    - HUMAN RESOURCES (94 journals)
    - INSURANCE (22 journals)
    - INTERNATIONAL COMMERCE (126 journals)
    - INTERNATIONAL DEVELOPMENT AND AID (84 journals)
    - INVESTMENTS (27 journals)
    - LABOR AND INDUSTRIAL RELATIONS (43 journals)
    - MACROECONOMICS (15 journals)
    - MANAGEMENT (527 journals)
    - MARKETING AND PURCHASING (89 journals)
    - MICROECONOMICS (24 journals)
    - PRODUCTION OF GOODS AND SERVICES (137 journals)
    - PUBLIC FINANCE, TAXATION (35 journals)
    - TRADE AND INDUSTRIAL DIRECTORIES (2 journals)

BUSINESS AND ECONOMICS (1158 journals)                  1 2 3 4 5 6 | Last

Showing 1 - 200 of 1566 Journals sorted alphabetically
4OR: A Quarterly Journal of Operations Research     Hybrid Journal   (Followers: 10)
Abacus     Hybrid Journal   (Followers: 13)
Accounting Forum     Hybrid Journal   (Followers: 25)
Acta Amazonica     Open Access   (Followers: 5)
Acta Commercii     Open Access   (Followers: 4)
Acta Oeconomica     Full-text available via subscription   (Followers: 2)
Acta Scientiarum. Human and Social Sciences     Open Access   (Followers: 6)
Acta Universitatis Danubius. Œconomica     Open Access   (Followers: 3)
Acta Universitatis Nicolai Copernici Zarządzanie     Open Access   (Followers: 4)
AD-minister     Open Access   (Followers: 3)
ADR Bulletin     Open Access   (Followers: 6)
Advances in Developing Human Resources     Hybrid Journal   (Followers: 23)
Advances in Economics and Business     Open Access   (Followers: 11)
AfricaGrowth Agenda     Full-text available via subscription   (Followers: 1)
African Affairs     Hybrid Journal   (Followers: 59)
African Development Review     Hybrid Journal   (Followers: 33)
African Journal of Business and Economic Research     Full-text available via subscription   (Followers: 1)
African Journal of Business Ethics     Open Access   (Followers: 6)
African Review of Economics and Finance     Open Access   (Followers: 3)
Afro-Asian Journal of Finance and Accounting     Hybrid Journal   (Followers: 7)
Afyon Kocatepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi     Open Access   (Followers: 3)
Agronomy     Open Access   (Followers: 11)
Akademika : Journal of Southeast Asia Social Sciences and Humanities     Open Access   (Followers: 5)
Alphanumeric Journal : The Journal of Operations Research, Statistics, Econometrics and Management Information Systems     Open Access   (Followers: 5)
American Economic Journal : Applied Economics     Full-text available via subscription   (Followers: 157)
American Journal of Business     Hybrid Journal   (Followers: 16)
American Journal of Business and Management     Open Access   (Followers: 53)
American Journal of Business Education     Open Access   (Followers: 10)
American Journal of Economics and Business Administration     Open Access   (Followers: 26)
American Journal of Economics and Sociology     Hybrid Journal   (Followers: 28)
American Journal of Evaluation     Hybrid Journal   (Followers: 13)
American Journal of Finance and Accounting     Hybrid Journal   (Followers: 20)
American Journal of Health Economics     Full-text available via subscription   (Followers: 12)
American Journal of Industrial and Business Management     Open Access   (Followers: 23)
American Journal of Medical Quality     Hybrid Journal   (Followers: 7)
American Law and Economics Review     Hybrid Journal   (Followers: 25)
ANALES de la Universidad Central del Ecuador     Open Access   (Followers: 2)
Annales de l'Institut Henri Poincare (C) Non Linear Analysis     Full-text available via subscription   (Followers: 1)
Annals in Social Responsibility     Full-text available via subscription  
Annals of Finance     Hybrid Journal   (Followers: 28)
Annals of Operations Research     Hybrid Journal   (Followers: 8)
Annual Review of Economics     Full-text available via subscription   (Followers: 30)
Applied Developmental Science     Hybrid Journal   (Followers: 3)
Applied Economics     Hybrid Journal   (Followers: 48)
Applied Economics Letters     Hybrid Journal   (Followers: 29)
Applied Economics Quarterly     Full-text available via subscription   (Followers: 10)
Applied Financial Economics     Hybrid Journal   (Followers: 23)
Applied Mathematical Finance     Hybrid Journal   (Followers: 7)
Applied Stochastic Models in Business and Industry     Hybrid Journal   (Followers: 5)
Arab Economic and Business Journal     Open Access   (Followers: 3)
Archives of Business Research     Open Access   (Followers: 6)
Arena Journal     Full-text available via subscription   (Followers: 1)
Argomenti. Rivista di economia, cultura e ricerca sociale     Open Access   (Followers: 2)
ASEAN Economic Bulletin     Full-text available via subscription   (Followers: 5)
Asia Pacific Business Review     Hybrid Journal   (Followers: 6)
Asia Pacific Journal of Human Resources     Hybrid Journal   (Followers: 321)
Asia Pacific Viewpoint     Hybrid Journal   (Followers: 1)
Asia-Pacific Journal of Business Administration     Hybrid Journal   (Followers: 3)
Asia-Pacific Journal of Operational Research     Hybrid Journal   (Followers: 3)
Asia-Pacific Management and Business Application     Open Access  
Asian Business Review     Open Access   (Followers: 2)
Asian Case Research Journal     Hybrid Journal   (Followers: 1)
Asian Development Review     Open Access   (Followers: 14)
Asian Economic Journal     Hybrid Journal   (Followers: 8)
Asian Economic Papers     Hybrid Journal   (Followers: 7)
Asian Economic Policy Review     Hybrid Journal   (Followers: 4)
Asian Journal of Accounting and Governance     Open Access   (Followers: 4)
Asian Journal of Business Ethics     Hybrid Journal   (Followers: 7)
Asian Journal of Social Sciences and Management Studies     Open Access   (Followers: 7)
Asian Journal of Sustainability and Social Responsibility     Open Access   (Followers: 1)
Asian Journal of Technology Innovation     Hybrid Journal   (Followers: 8)
Asian-pacific Economic Literature     Hybrid Journal   (Followers: 5)
AStA Wirtschafts- und Sozialstatistisches Archiv     Hybrid Journal   (Followers: 5)
Atlantic Economic Journal     Hybrid Journal   (Followers: 15)
Australasian Journal of Regional Studies, The     Full-text available via subscription   (Followers: 2)
Australian Cottongrower, The     Full-text available via subscription   (Followers: 1)
Australian Economic Papers     Hybrid Journal   (Followers: 29)
Australian Economic Review     Hybrid Journal   (Followers: 6)
Australian Journal of Maritime and Ocean Affairs     Hybrid Journal   (Followers: 10)
Balkan Region Conference on Engineering and Business Education     Open Access   (Followers: 1)
Baltic Journal of Real Estate Economics and Construction Management     Open Access   (Followers: 1)
Banks in Insurance Report     Hybrid Journal   (Followers: 1)
BBR - Brazilian Business Review     Open Access   (Followers: 4)
Benchmarking : An International Journal     Hybrid Journal   (Followers: 11)
Benefit : Jurnal Manajemen dan Bisnis     Open Access  
BER : Consumer Confidence Survey     Full-text available via subscription   (Followers: 4)
BER : Economic Prospects : An Executive Summary     Full-text available via subscription  
BER : Economic Prospects : Full Survey     Full-text available via subscription   (Followers: 2)
BER : Intermediate Goods Industries Survey     Full-text available via subscription   (Followers: 1)
BER : Manufacturing Survey : Full Survey     Full-text available via subscription   (Followers: 2)
BER : Motor Trade Survey     Full-text available via subscription   (Followers: 1)
BER : Retail Sector Survey     Full-text available via subscription   (Followers: 2)
BER : Retail Survey : Full Survey     Full-text available via subscription   (Followers: 2)
BER : Survey of Business Conditions in Building and Construction : An Executive Summary     Full-text available via subscription   (Followers: 4)
BER : Survey of Business Conditions in Manufacturing : An Executive Summary     Full-text available via subscription   (Followers: 3)
BER : Survey of Business Conditions in Retail : An Executive Summary     Full-text available via subscription   (Followers: 3)
BER : Trends : Full Survey     Full-text available via subscription   (Followers: 2)
BER : Wholesale Sector Survey     Full-text available via subscription   (Followers: 1)
Berkeley Business Law Journal     Free   (Followers: 10)
Bio-based and Applied Economics     Open Access   (Followers: 1)
Biodegradation     Hybrid Journal   (Followers: 1)
Biology Direct     Open Access   (Followers: 7)
Black Enterprise     Full-text available via subscription  
Board & Administrator for Administrators only     Hybrid Journal  
Border Crossing : Transnational Working Papers     Open Access   (Followers: 2)
Briefings in Real Estate Finance     Hybrid Journal   (Followers: 5)
British Journal of Industrial Relations     Hybrid Journal   (Followers: 35)
Brookings Papers on Economic Activity     Open Access   (Followers: 48)
Brookings Trade Forum     Full-text available via subscription   (Followers: 3)
BRQ Business Research Quarterly     Open Access   (Followers: 2)
Building Sustainable Legacies : The New Frontier Of Societal Value Co-Creation     Full-text available via subscription   (Followers: 1)
Bulletin of Economic Research     Hybrid Journal   (Followers: 17)
Bulletin of Geography. Socio-economic Series     Open Access   (Followers: 7)
Bulletin of Indonesian Economic Studies     Hybrid Journal   (Followers: 3)
Bulletin of the Dnipropetrovsk University. Series : Management of Innovations     Open Access   (Followers: 1)
Business & Entrepreneurship Journal     Open Access   (Followers: 18)
Business & Information Systems Engineering     Hybrid Journal   (Followers: 5)
Business & Society     Hybrid Journal   (Followers: 9)
Business : Theory and Practice / Verslas : Teorija ir Praktika     Open Access   (Followers: 1)
Business and Economic Research     Open Access   (Followers: 6)
Business and Management Horizons     Open Access   (Followers: 12)
Business and Management Research     Open Access   (Followers: 17)
Business and Management Studies     Open Access   (Followers: 9)
Business and Politics     Hybrid Journal   (Followers: 6)
Business and Professional Communication Quarterly     Hybrid Journal   (Followers: 7)
Business and Society Review     Hybrid Journal   (Followers: 5)
Business Economics     Hybrid Journal   (Followers: 6)
Business Ethics: A European Review     Hybrid Journal   (Followers: 16)
Business Horizons     Hybrid Journal   (Followers: 9)
Business Information Review     Hybrid Journal   (Followers: 14)
Business Management and Strategy     Open Access   (Followers: 43)
Business Research     Hybrid Journal   (Followers: 2)
Business Strategy and the Environment     Hybrid Journal   (Followers: 13)
Business Strategy Review     Hybrid Journal   (Followers: 7)
Business Strategy Series     Hybrid Journal   (Followers: 6)
Business Systems & Economics     Open Access   (Followers: 2)
Business Systems Research Journal     Open Access   (Followers: 5)
Business, Management and Education     Open Access   (Followers: 18)
Business, Peace and Sustainable Development     Full-text available via subscription   (Followers: 3)
Bustan     Hybrid Journal   (Followers: 1)
Cadernos EBAPE.BR     Open Access   (Followers: 1)
Cambridge Journal of Economics     Hybrid Journal   (Followers: 58)
Cambridge Journal of Regions, Economy and Society     Hybrid Journal   (Followers: 11)
Canadian Journal of Administrative Sciences / Revue Canadienne des Sciences de l Administration     Hybrid Journal   (Followers: 1)
Canadian Journal of Economics/Revue Canadienne d`Economique     Hybrid Journal   (Followers: 28)
Canadian journal of nonprofit and social economy research     Open Access   (Followers: 2)
Capitalism and Society     Hybrid Journal   (Followers: 2)
Capitalism Nature Socialism     Hybrid Journal   (Followers: 12)
Case Studies in Business and Management     Open Access   (Followers: 9)
CBU International Conference Proceedings     Open Access   (Followers: 1)
Central European Business Review     Open Access   (Followers: 1)
Central European Journal of Operations Research     Hybrid Journal   (Followers: 5)
Central European Journal of Public Policy     Open Access   (Followers: 2)
CESifo Economic Studies     Hybrid Journal   (Followers: 16)
Chain Reaction     Full-text available via subscription  
Challenge     Full-text available via subscription   (Followers: 4)
China & World Economy     Hybrid Journal   (Followers: 15)
China : An International Journal     Full-text available via subscription   (Followers: 17)
China Economic Journal: The Official Journal of the China Center for Economic Research (CCER) at Peking University     Hybrid Journal   (Followers: 10)
China Economic Review     Hybrid Journal   (Followers: 9)
China Finance Review International     Hybrid Journal   (Followers: 5)
China Nonprofit Review     Hybrid Journal   (Followers: 3)
China perspectives     Open Access   (Followers: 11)
Chinese Economy     Full-text available via subscription  
Ciência & Saúde Coletiva     Open Access   (Followers: 2)
CLIO América     Open Access   (Followers: 1)
Cliometrica     Hybrid Journal   (Followers: 4)
COEPTUM     Open Access  
Community Development Journal     Hybrid Journal   (Followers: 24)
Compensation & Benefits Review     Hybrid Journal   (Followers: 7)
Competition & Change     Hybrid Journal   (Followers: 10)
Competitive Intelligence Review     Hybrid Journal   (Followers: 2)
Competitiveness Review : An International Business Journal incorporating Journal of Global Competitiveness     Hybrid Journal   (Followers: 6)
Computational Economics     Hybrid Journal   (Followers: 9)
Computational Mathematics and Modeling     Hybrid Journal   (Followers: 8)
Computer Law & Security Review     Hybrid Journal   (Followers: 16)
Computers & Operations Research     Hybrid Journal   (Followers: 10)
Construction Innovation: Information, Process, Management     Hybrid Journal   (Followers: 14)
Contemporary Wales     Full-text available via subscription   (Followers: 3)
Contextus - Revista Contemporânea de Economia e Gestão     Open Access   (Followers: 1)
Contributions to Political Economy     Hybrid Journal   (Followers: 5)
Corporate Communications An International Journal     Hybrid Journal   (Followers: 7)
Corporate Philanthropy Report     Hybrid Journal   (Followers: 2)
Corporate Reputation Review     Hybrid Journal   (Followers: 4)
Creative and Knowledge Society     Open Access   (Followers: 10)
Creative Industries Journal     Hybrid Journal   (Followers: 9)
CRIS - Bulletin of the Centre for Research and Interdisciplinary Study     Open Access   (Followers: 1)
Crossing the Border : International Journal of Interdisciplinary Studies     Open Access   (Followers: 4)
Cuadernos de Administración (Universidad del Valle)     Open Access   (Followers: 2)
Cuadernos de Economía     Open Access   (Followers: 2)
Cuadernos de Economia - Latin American Journal of Economics     Open Access   (Followers: 2)
Cuadernos de Estudios Empresariales     Open Access   (Followers: 2)
Current Opinion in Creativity, Innovation and Entrepreneurship     Open Access   (Followers: 9)
De Economist     Hybrid Journal   (Followers: 12)
Decision Analysis     Full-text available via subscription   (Followers: 10)
Decision Sciences     Hybrid Journal   (Followers: 17)
Decision Support Systems     Hybrid Journal   (Followers: 16)
Defence and Peace Economics     Hybrid Journal   (Followers: 18)
der markt     Hybrid Journal   (Followers: 1)
Desenvolvimento em Questão     Open Access  

        1 2 3 4 5 6 | Last

Journal Cover Advances in Economics and Business
  [11 followers]  Follow
    
  This is an Open Access Journal Open Access journal
   ISSN (Print) 2331-5059 - ISSN (Online) 2331-5075
   Published by Horizon Research Publishing Homepage  [54 journals]
  • Tacit Knowledge Sharing and Project Performance. Does the Knowledge
           Workers' Personal Branding Matter'

    • Abstract: Publication date:  Sep 2017
      Source:Advances in Economics and Business  Volume  5  Number  9  Wioleta Kucharska   Tacit knowledge sharing is the real challenge for knowledge management today. Network economy has completely changed the role of knowledge workers who now become independent tacit knowledge producers. Bearing this fact in mind, the author studied how tacit knowledge sharing affects the process of building a personal brand and project performance. For this purpose, the authors conducted a study among Polish professionals with different roles and experience in managing projects in various industries. The data collected during the study has been analysed using the equal structural modelling method. The results indicate that tacit knowledge sharing is used when developing a personal brand of knowledge workers who take care about the personal reputation. The intermediary role of personal branding in the relationship of tacit knowledge sharing and project performance points to a new context of tacit knowledge sharing as a key factor of knowledge management in learning organisations, which can be used for designing incentive schemes. Tacit Knowledge Sharing is also presented as a very sensitive and specific variable interesting for further research.
      PubDate: Sep 2017
       
  • Measuring Poverty Level of Households by Using Fuzzy Logic

    • Abstract: Publication date:  Sep 2017
      Source:Advances in Economics and Business  Volume  5  Number  9  Hakan Pabuçcu   Poverty is general scarcity or the state of one who lacks a certain amount of material possessions or money. Poverty is a multifaceted concept, which includes social, economic, and political elements. Poverty level can be calculated for households as well as for countries. United Nations developed a methodology to calculate the advanced poverty index for countries. The main purpose of this study is primarily to determine the determinants of poverty by conducting a strong literature survey and examining the United Nations methodology. By using the determinants of poverty, it is planned to calculate the poverty index and classify the households with an approach based on fuzzy logic. The applied methodology contains the weighting of the determinants of poverty by using fuzzy logic membership functions and the calculation of the poverty index of households. The weighting process of the determinants has recognized by taking the opinions of the expert academicians in the field of poverty. It is also considered to categorize the households, according to the level of poverty. For this purpose, it is determined a sample consisting of 120 households in Bayburt province. As a result of the analysis, it is aimed to examine the effect of factors determined the poverty and also provide suggestions to the researchers and policy makers.
      PubDate: Sep 2017
       
  • Correspondence Analysis in Ternary Diagrams - A Graphical Approach to
           Improving the Validity of the Interpretation of Point Clouds

    • Abstract: Publication date:  Sep 2017
      Source:Advances in Economics and Business  Volume  5  Number  9  Jan Frederik Graff   Correspondence Analysis (CA) is a statistical procedure which is frequently used in market research. However, the neglecting of the third axis in the graphical representation of CA point clouds entails the risk of the faulty clustering of points and the misinterpretation of data. To meet this problem this paper proposes ternary diagrams as an approach to achieving a valid representation and interpretation of three-dimensional point clouds when plotted two-dimensionally. As CA coordinates do not necessarily meet the mathematical prerequisites ternary diagrams require, a procedure will be presented which transforms coordinates in order to meet the prerequisites.
      PubDate: Sep 2017
       
  • Inter-sector GDP Substitutability in Macro-Money Demand: Novel Evidence
           for India

    • Abstract: Publication date:  Sep 2017
      Source:Advances in Economics and Business  Volume  5  Number  9  Subrahmanyam Ganti   and Debashis Acharya   The gross domestic product (GDP) as a scale variable in the macro-money demand function is justified only on the simplifying but verifiable assumption that the individual-sector GDPs have the same marginal money demand propensities. This assumption is easily verifiable by replacing the aggregate GDP with the services sector and commodity sector GDPs as two scale variables. The money demand propensities differ between these two sectors. To empirically verify this, a variable elasticity of substitution model is posited with these two sector GDPs as scale variables. This novel model permits us to estimate the parameter of elasticity of substitution between the two-sector GDPs .We expect the elasticity estimate to be greater than unity first and decrease towards unity later in the post-liberalization period 1992-2012 and this ensures a unitary income elasticity of demand for money for the aggregate GDP. For the pre-liberalization period (1971 to 1991) we expect the substitutability between the two sectors to be either less than unity or even negative. The policy implication of disparate sector-GDP growth rates for money demand should not be ignored in an emerging economy of India, where the GDP structure evolves towards invariance as in a developing economy.
      PubDate: Sep 2017
       
  • Transformational Leadership and Employee Motivation in Banking Sector of
           Pakistan

    • Abstract: Publication date:  Sep 2017
      Source:Advances in Economics and Business  Volume  5  Number  9  Adeel Hussain Aunjum   Ghulam Abbas   and Muhammad Sajid   The intent of the present study is to find out impact of transformational leadership on employee motivation in banking sector of Pakistan. Data about relationship of transformational leadership with employee motivation in banking sector (Allied Bank Limited, Habib Bank Limited and National Bank of Pakistan) was collected through a designed questioner "MLQ (Multi Factor Leadership Questionnaire)". Test size population was 290 components from populace. In actual, 350 polls were sent to populace (Major three banks) and 290 answers were great quality for study and after data screening 270 responses were accounted for of 90 responses of each bank. Regression analysis revealed that all dimensions of Transformational Leadership have positive impact on Employee Motivation which proves that Transformational Leadership has significant, positive and strong effect on employee motivation in the Banking sector of Pakistan. Study also reveal that there is positive and strong relationship of all dimension of transformational leadership such as Idealize Influence (II), Individual Consideration (IC), Intellectual Stimulation (IS) and Inspirational Motivation (IM) with employee motivation. At the end concluded that it is all in the hand of organization to keep the employees motivated to work because they can develop such policies that lead to motivation of employees.
      PubDate: Sep 2017
       
  • A Concise Note on Risk Externalities: A Critical Review

    • Abstract: Publication date:  Oct 2017
      Source:Advances in Economics and Business  Volume  5  Number  10  Emmanuel Senyo Fianu   This paper provides a review of the (risk) externality literature with the aim of identifying risk externalities arising from various interactions in the economics of environmental protection. In addition, various classification of externalities that exist have been explored. It highlights how such externalities might depend on the characteristics of economic interactions coupled with their impacts. The findings of this paper show that risk externalities result from risk mitigation and reduction activities, thereby, having varying degrees of impacts, and inducing inefficiency in economic systems. In addition, empirical investigations in the context of (risk) externalities have been provided.
      PubDate: Oct 2017
       
  • The Present Dynamics of Financial Risks Related to Macroeconomic Policies
           in Oecd Countries, and Business Cycles

    • Abstract: Publication date:  Oct 2017
      Source:Advances in Economics and Business  Volume  5  Number  10  A. Niyazi Özker   In this study, we aim to attempt to analysis the effects of financial risks on the shaping of macro-economic policies that directly touch with business cycles in OECD countries. As known, the public liabilities with financial budget deficit fact, as a concept of financial risk element, is an important phenomenon that affects all the whole other financial and economic balance dynamics in the developed economies as well as less developed countries. In this point, the financial risks leaned on the consolidated central government budget put forth to meaningful financial deficits interested in the global integrations and its measurement matter of deficits in the same process, which aim to directly analysis macroeconomic policies. First, the priority effect of financial risks based on the budget deficits is appeared on the harmonization of monetary with fiscal policies as macroeconomic politics, and this concept has been an important financial matter especially in developing countries toward to determine macro elements. Second, these effects should be questioned for ensuring stability of economic in the business cycles related to GDP together with the business cycles related to financial liabilities in OECD countries. In this context, the effects of financial risks should be considered in two structural balances terms related public budget as budget surplus and deficits aimed at macroeconomic policies dynamics that also means correlation among these concerned financial dynamics. Thirdly, it is related to the location in public decision making process of these effects. Actually, on the other hand this situation reflects the effects of financial liabilities as a foundation stone on public decision making process that should need monetary liabilities like contend with probably inflation ensured.
      PubDate: Oct 2017
       
  • Income Inequality in Latin America and Eastern EU through the Great
           Recession: An Ordered Probit Analysis

    • Abstract: Publication date:  Oct 2017
      Source:Advances in Economics and Business  Volume  5  Number  10  Peter Mikek   and Adam Carter   Income distribution directly affects economic growth and the spending patterns in an economy. This paper employs an ordered probit panel to measure the effect of the Great Recession on income inequality in Latin American and Eastern EU members. The results suggest the crisis increased inequality in studied countries overall. However, those countries with low levels of inequality saw their Gini coefficients decrease further, while the crisis increased inequality in countries with already high inequality. Additionally, the results show that European Union membership on average contributed to lower likelihood of high Gini coefficients. Furthermore, marginal effects lend additional evidence of lower income gap for the Eastern EU members as they generally show negative marginal effects for countries with initially high inequality and positive for those with low Gini coefficients. Finally, we find no evidence that FDI and capital incentives have any direct impact on inequality, while GDP growth, poverty, and export incentives are associated with higher and tax revenues and export growth with lower income inequality.
      PubDate: Oct 2017
       
  • Short Term Capital Flows and Pressure on the Exchange Rate in Kenya

    • Abstract: Publication date:  May 2017
      Source:Advances in Economics and Business  Volume  5  Number  5  Benjamin Ongwae Maturu   Using Bayesian vector auto-regression methodology, we empirically analyze the dynamic responses of the exchange rate to sudden changes in net short term capital inflows, among other economic factors, in Kenya. Based on impulse response results, we find, rather surprisingly, that a sudden increase in net short term capital inflows immediately induces a depreciating effect which increases during the first two quarters upon which a correction ensues whereby the exchange rate appreciates for 4 quarters after which the effect dies off. We believe that the sudden net short term capital inflows are initially monetized thereby becoming a domestic nominal shock which causes a Dornbusch-like exchange rate overshooting. We also find that a sudden increase in interest rate differentials immediately causes an appreciating effect which dies off within a year. Furthermore, a sudden increase in interest rate differentials immediately attracts net short term capital inflows followed by persistent capital reversals within 2 quarters. The variance decomposition results show that, 71.4% of the one quarter-ahead and 54.2% of the four quarters-ahead exchange rate forecast errors are accounted for by the interest rate differentials. Net short term capital inflows' share in the one quarter ahead exchange rate forecast error is a mere 0.1%. At its best, it accounts for only 6.8% of the seven-to-eight quarters ahead exchange rate forecast errors. These results suggest that net short term capital inflows play a relatively limited role compared to interest rate differentials in determination of exchange rates dynamics in Kenya.
      PubDate: May 2017
       
  • Learning from the Past: Entrepreneurship through Apprenticeship for More
           Successful Outcomes

    • Abstract: Publication date:  May 2017
      Source:Advances in Economics and Business  Volume  5  Number  5  Henrietta Onwuegbuzie   Current statistics show that 75-80% of most business start-ups tend to fail within the first three years. However, studies have shown that traditional methods of entrepreneurship, which are based on apprenticeship, record significantly higher success rates. This paper highlights the valuable traditional practice of apprenticeship, which effectively produced successful entrepreneurs, compared to today's high failure rate of start-ups. The paper allows a reflection on how to improve the success rates of business start-ups through the practice of apprenticeship along with classroom learning. Using the qualitative case study method, the paper provides researchers an opportunity to look into why hands-on learning tends to lead to more successful entrepreneurial outcomes, and to study what combination of theory and hands-on learning, via apprenticeship, will lead to a higher rate of successful entrepreneurial ventures. The paper thus has significant implications for both research and practice. The paper also allows practitioners obtain insights on best practices in transmitting entrepreneurial skills.
      PubDate: May 2017
       
  • Foreign Direct Investment in State Owned Enterprises

    • Abstract: Publication date:  May 2017
      Source:Advances in Economics and Business  Volume  5  Number  5  Kyu-Hee Joo   Hyoung Suk Shim   and Wonsik Sul   We analyze determinants of foreign direct investment (FDI) in non-competitive industries. We develop a micro-level FDI determination model that allows for nonzero mark-up, and estimate it using the administrative FDI recipient records and annual financial statement data for Korean state owned enterprises (SOE). Using SOEs as our research objects can rule out the endogeneities of mark-up, firm ownership structure and the associated vertical or horizontal incentive FDI. This yields a consistent estimation of the effect of mark-up and other productivity-related factors on FDI. From the empirical analysis, we find that FDI is more likely to flow into firms with large-scale physical capital and output, and a positive mark-up, and the effect is the inverse of the number of workers in the firms, which implies that FDI might not cause productivity spillover effect in non-competitive industries.
      PubDate: May 2017
       
  • Understanding Consumers' Satisfaction and Loyalty: A Comparative Study of
           Services in India and Japan

    • Abstract: Publication date:  May 2017
      Source:Advances in Economics and Business  Volume  5  Number  5  Yoshie Nagashima   and Naoki Nagashima   The main objective of this paper is to illustrate validity of Consumer Satisfaction (CS) and Loyalty research as an effective complement to conducting ethnographic research. More and more companies who enter foreign markets increasingly rely on ethnographic research. However, in conducting ethnographic research, field workers need to attach themselves to the local communities, and this type of research is highly elaborate and complex. This paper suggests that CS and Loyalty research is effective in understanding consumers' traits, and provides valid insight in a short period of time. In our study, we take up eat-out experiences at restaurants and coffee shop chains. Our findings on urban middle-class consumers in two Asian countries, India and Japan, indicate 1) "Expectancy-disconfirmation model" and "Loyalty ladder" do not apply to Indian consumers, while they apply well to the Japanese counterparts, 2) different attributes are important in terms of impact on CS between the two countries, and 3) an improved CS is more likely to lead to positive word of mouth than repeated usage of the service in India, and the reverse holds for Japan. The findings from this study indicate validity of the method and framework of research conducted.
      PubDate: May 2017
       
  • ESCORT (Enterprise Services Cross-sell Optimization Using Rigorous Tests
           of Association)

    • Abstract: Publication date:  May 2017
      Source:Advances in Economics and Business  Volume  5  Number  5  Nishant Saxena   Cross Selling has been used successfully by many organizations historically. The core idea behind cross selling is the consumer behavior of buying a product or service along with another product or service; which he or she may not have bought otherwise. Traditionally cross selling has been done using the gut feeling and common sense. With advent of statistic many organizations in retail industry started using analytical methods to identify cross sell opportunities. The key to their success was predominantly the robust historical sales database built over time and the option to choose from endless permutations and combinations of products which they could sell. But the enterprise or B2B businesses, especially in services industry, have not been so lucky; as the biggest challenge for them has been the lack of sufficient data and the high price of enterprise service offerings. We would like to share through this paper that how we succeeded in solving these problems and how one can apply market basket analysis on their sales pipeline data to not only improve revenue but to also cut down the operating cost. We strongly believe that this approach could be very useful for a lot of B2B organizations in the services industry with multiple offerings and limited budget to pursue all possible cross sell opportunities.
      PubDate: May 2017
       
  • The Prediction of Future Profitability Using Life Cycle Theory Based on
           Cash Flow Pattern

    • Abstract: Publication date:  Mar 2017
      Source:Advances in Economics and Business  Volume  5  Number  3  Zahra Hashemi Oskouei   and Rasoul Baradaran Hasan Zadeh   This paper aims to predict the future profitability of a firm using the life cycle theory based on the cash flow statement. In this study, changes in return on net operating assets were considered as a dependent variable. The profitability factors were independent variables and the risk factors were used as a control variable in order to examine the prediction of the future profitability. The statistical samples were classified into the stages of introduction, growth, maturity, shake-out and decline by using cash flow patterns. The results of 1,123 (firms - years) over the time period of 2002 and 2011 showed that the return of the net operating assets, their variations and changes in the asset turnover at different stages of the life cycle have an impact on the future profitability of the firms.
      PubDate: Mar 2017
       
  • Entrepreneurship of Eco-system and Its Transformation, Using the Example
           of Republic of Egypt

    • Abstract: Publication date:  Mar 2017
      Source:Advances in Economics and Business  Volume  5  Number  3  Veronika Silinevicha   Hany Moussa   and Kristine Kalinina   The Egyptian economy is one of the most diversified economies in the Middle East—tourism, agriculture, manufacturing and services sectors all contribute with semi-equal ratios to the gross national product. Due to recent structural reform, the Egyptian economy is achieving high growth rates—and an attractive investment climate has evolved thanks to positive developments in infrastructure, transportation, communication, energy, skilled labor, modern industrial cities, free zones, banking and stock markets.
      PubDate: Mar 2017
       
  • UTAUT Model in Explaining the Adoption of Mobile Money Usage by MSMEs'
           Customers in Uganda

    • Abstract: Publication date:  Mar 2017
      Source:Advances in Economics and Business  Volume  5  Number  3  Paddy Mugambe   Technology advancement has always been part of organizational efficiency and organizations take investment in technology as part and parcel of their annual plans. The increase in mobile telephone penetration in the emerging economies has presented new frontiers for technology to enhance Micro Small and Medium Enterprises' (MSMES) operations. Combining technological advancement in mobile connectivity with the low coverage of financial institutions/ services, has given rise to the phenomenon of mobile money which has in a way affected the MSMEs both positively and negatively. This paper uses both Meta-analysis and primary data to test to try and determine the extent to which the Unified theory of acceptance and use of technology (Venkatesh et al. 2003) can be used to explain the adoption of Mobile money services by the customers of Micro, small and medium enterprises in Uganda.
      PubDate: Mar 2017
       
  • Domestic Demand-driven Growth: Analytical Perspectives and Statistics
           Needed

    • Abstract: Publication date:  Mar 2017
      Source:Advances in Economics and Business  Volume  5  Number  3  Yeah, Kim Leng   Given the imbalances in global demand and sluggish growth in the advanced economies, which had absorbed the bulk of world exports before the onset of the 2008/09 global financial crisis (GFC), the shift from export-led growth (ELG) strategies to domestic demand-driven growth (DDDG) strategies appears inevitable for export-oriented economies. In dissecting Malaysia's growth performance into various demand components and sources, it was found that DDDG in Malaysia had helped to offset the weak export demand it had faced over the last decade and, importantly, during the post-GFC years. Using input-output tables to assess the changes in output structure arising from substituting current export demand with domestic demand, the analysis showed that the country's high export orientation in a large number of industries precludes its ability to fully offset any sharp decline in exports. The implication is that DDDG can only effect a partial decoupling from external demand and that given the differences in the composition of export and domestic demand, there will be sectoral differences in the impact on industrial capacity, employment and income arising from the ELG-DDDG shift. In cross-country comparisons, Malaysia's 'apparent' under-consumption and low private investment levels, in concert with its narrowing but still positive savings-investment gap, lend further support to the feasibility and desirability of promoting DDDG to support economic growth. Importantly, DDDG is sustainable only if it maximizes economic efficiency and utilization of resources, skills, human capital, and physical and social infrastructures subject to structural, credit and other constraints. On the consumption side of DDDG, a higher level of spending by the middle and upper income groups will need to be elicited while the income of the low income groups will need to be boosted. Private investment, regardless of domestic or foreign sources or DDDG versus ELG orientation, will be one of the key drivers of DDDG, given the excess savings in the private sector as well as the capacity expansion and productivity growth associated with gross fixed capital formation. Some evidence of lower productivity growth in domestic-oriented industries compared to export-oriented ones reiterates the need for policy measures to boost productivity as part of the DDDG thrusts. Based on a suggested DDDG framework, whereby the fundamental sources of economic growth emanate from output and structural shifts to higher value activities, productivity increases and institutional quality improvements, the statistical needs are examined for each of the four suggested strategic DDDG thrusts. The paper reiterates that DDDG should not be viewed as a substitute for export-led growth (ELG) strategies. Rather, by harnessing the complementarities of the two paradigms, Malaysia can capture the growth opportunities arising from an upswing in external demand while mitigating the adverse effects on output and employment due to volatile export markets by strengthening the resilience of domestic demand.
      PubDate: Mar 2017
       
  • Influence of Luxury Fashion Brand Index on Purchase Evaluation: Insights
           from the Consumers' of Indian Market

    • Abstract: Publication date:  Jun 2017
      Source:Advances in Economics and Business  Volume  5  Number  6  Ritu Malhotra   and Sweta Choudhury   This research examined the factors that influence consumers' purchase intention behind acquiring luxury fashion brand. The study adapted the priori established scale of brand luxury index [BLI] from the literature and tested whether these dimensions result in purchase evaluation for both male and female consumers on equal grounds. Very limited research has been conducted on the role of gender differences in consumer behaviour in spite of the fact that it is a vital topic. Data was collected from Indian consumers (n =109) and respondents were enquired about their favourite luxury brand in the category of watches, bags, perfumes, sunglasses, belts, tops, shirts, jeans, dresses, and footwear; while examining the dimensions such as perceived hedonism, self-image, quality, uniqueness, and conspicuousness. Hypotheses were tested using one-way ANOVA. The findings from this exploratory research revealed that perceived self-image facet is significantly different for both male and female consumers, thus indicating the vital managerial inference towards the adaption of appropriate brand positioning and marketing communication strategy. The study on the application of brand luxury index for fashion product category keeping in consideration gender differences is a new idea. Moreover, Indian consumer using luxury products is sparsely addressed in the existing literature, thereby providing motivation for this study.
      PubDate: Jun 2017
       
  • Jewelry as a Kind of Household Savings of Uzbekistan

    • Abstract: Publication date:  Jun 2017
      Source:Advances in Economics and Business  Volume  5  Number  6  Inna Stecenko   and Anvar Irchaev   The goal of the present research is to study the influence of price increase on gold and on the level of household savings of Uzbekistan. The authors put forward the hypothesis - the higher the prices of gold, the more active the households of Uzbekistan invest in jewelry. Thus, the authors supplemented the theory of Gustav Kassel - the growth of the world prices of gold not only influence on the level of exchange rate level, but also on the level of household savings. The carried out analysis, using the econometric methods has shown that the households of RUz invest in jewelry, which are used as savings
      PubDate: Jun 2017
       
  • Demographic Transition and Home Care for the Elderly in Bangladesh: An
           Urban Rural Comparison

    • Abstract: Publication date:  Jun 2017
      Source:Advances in Economics and Business  Volume  5  Number  6  Mohammad Abdul Hannan Pradhan   Sadika Akthar   Md. Gias Uddin Khan   and Mohammad Rafiqul Islam   During the last few decades, the proportion of elderly people has increased rapidly in Bangladesh. With the increase of elderly people, it is required to increase in the provision of care for them, either informal or formal. Family was the prime informal care giver. However, the traditional concept of family and sources of home care systems have been changed. Besides, the formal care system is very limited and located in the urban areas. The study was an attempt to determine and analyze the vulnerability of the elderly to the home care received in both areas. The respondents aged 60 years and above were interviewed with structured questionnaire. Considering some common characteristics like age, number of children, previous job status, children's job status, living arrangement and others, marginal effect to receive care like financial, practical or personal is estimated using Probit model to address the more influencing factor to be vulnerable. The findings reveal that the elderly are more vulnerable in receiving personal care than practical and financial care in rural areas. The elderly in rural area are financially more vulnerable than urban area. In addition, the elderly in rural area are less vulnerable in receiving care from relatives, friends and neighbors than urban area. Findings suggest that policymakers urgently need to take into consideration to provide home care for the elderly.
      PubDate: Jun 2017
       
  • Fiscal Imbalance, Risk Premium and Financial Crisis - An Analysis of the
           Argentinean Crisis

    • Abstract: Publication date:  Jun 2017
      Source:Advances in Economics and Business  Volume  5  Number  6  Esha Ajmera   This paper shows how fiscal imbalance and excessive external borrowing may lead to a financial crisis. The trigger of the crisis is substantial increase in risk premium as a result of persistent budget deficits. This results in hyper depreciation of exchange rate, which causes an adverse balance sheet effect on investment in the presence of external commercial borrowings. This leads to a contraction of output and the country enters into recession. Furthermore, policy prescriptions are provided to curtail the crisis. The situation in Argentina is analysed in the light of this model.
      PubDate: Jun 2017
       
  • Sports Outfitters' Marketing Strategies: A Comparative Exploratory Study
           in the U.S. and Canada

    • Abstract: Publication date:  Jun 2017
      Source:Advances in Economics and Business  Volume  5  Number  6  Lise Heroux   The outdoor/sports outfitter industry comprises primarily of independent businesses engaged in selling a diverse array of sporting and athletic goods for fitness and exercise, golfing, camping, fishing, winter sports, shooting, racket sports, kayaking and other sports. The successful marketing strategy of outdoor/sports outfitters requires the identification of a target market and development of a marketing mix (product/service, place, price and promotion) that will best satisfy the needs of this target market. This research was conducted to investigate the marketing strategies implemented by outfitters to meet the needs of consumers. A census of the 20 outfitters in the contiguous regions of Quebec and New York/Vermont was visited by observers. Systematic observations were compiled for each establishment. More similarities than differences were found. Sports Outfitters in both regions have well-developed product/service strategies, and personal selling strategies, but weaker promotion strategies with respect to advertising. The Quebec sports outfitters have better location and establishment design strategies than Vermont/New York establishments, while the latter have better pricing strategies. American retailers can benefit from the benchmark provided by Canadian stores with respect to location, while Canadian stores can learn from the pricing strategies of American stores. Improvement in promotion initiatives is needed in both regions.
      PubDate: Jun 2017
       
  • Preventive Medicine through the Efficiency of Marketing Communication and
           Promotional Materials

    • Abstract: Publication date:  Jun 2017
      Source:Advances in Economics and Business  Volume  5  Number  6  Marinela Filofteia Hostiuc   Gabriel Radu   Maria Solomon   and Victor Lorin Purcarea   Health communication and the use of communication strategies aim to inform and to influence general population choices regarding healthcare and quality of life choices. Obesity and overweight status are major contributors to many preventable causes of death. Higher body weight is associated with more death rates. The number of overweight children, adolescents, and adults has risen over the past four decades. Health care programs, by recognizing opportunities to improve communication, assign resources and measure, expand and report health-literacy activities, can succeed in improving the general population health and quality of life.
      PubDate: Jun 2017
       
  • Measuring Efficiency of Statistical Methods Use in Enterprises:
           Development of an Initial System of Indicators

    • Abstract: Publication date:  Jul 2017
      Source:Advances in Economics and Business  Volume  5  Number  7  Berislav Žmuk   The paper introduces an initial system of indicators for measuring statistical methods use efficiency in enterprises. The indicators are formed based on the questionnaire, which is used to inspect the attitude of employees towards statistical methods use in Croatian enterprises. With the purpose of understanding statistical methods use effectiveness better, indicators are classified into two groups: comparative and individual indicators. These indicators were used in the construction of the E-score indicator, which can be used to predict if an enterprise will achieve a positive net income due to an effective use of statistical methods or not. The system of indicators of statistical methods use efficiency developed within this research can be easily used by any enterprise. Using these indicators an enterprise can estimate its competitive position compared to other enterprises and it can predict if the difference will increase or decrease. Despite the existence of many business systems of indicators, the impact of statistical methods use used to be neglected. This paper corrects this and introduces statistical methods as a very important part of business decision making and continuous monitoring of business processes. However, this initial system of indicators has to be improved further to reach more precise conclusions.
      PubDate: Jul 2017
       
  • The Twist Factor of Yields

    • Abstract: Publication date:  Jul 2017
      Source:Advances in Economics and Business  Volume  5  Number  7  Xuyang Ma   The twist factor is the fourth latent yield factor following the level, slope, and curvature factors. In this paper, we obtain a four factor composed model with an additional "twist" factor based on the three factor composed Nelson-Siegel model. Specifically, we derive the kernel function for the twist factor and use it to fit the in-sample yields and to forecast future yields. We show that, the twist factor derived within the Nelson-Siegel framework has comparable variance with the curvature factor and helps reducing the fitting errors both in-sample and out-of-sample. Furthermore, we derive portfolios using future yields and yield factors forecasts. The twist factor performs the second best following the slope factor in terms of Sharpe Ratio of formed portfolios.
      PubDate: Jul 2017
       
  • The Determinants of Inequality and Income Gap between Urban and Rural
           Areas in Cameroon: Evidence from the ECAM3 Household Survey

    • Abstract: Publication date:  Jul 2017
      Source:Advances in Economics and Business  Volume  5  Number  7  Samuel Fambon   This paper analyzes the determinants of income and the urban-rural income gap to highlight the urban-rural inequality problem in Cameroon. It concurrently uses the OLS regression, the conditional quantile regression as well as the Blinder-Oaxaca decomposition techniques to achieve this objective. The findings of OLS estimations show that human resources and social as well as physical capital play a major role in the improvement of welfare. Household size reduces the consumption expenditures both in rural and urban areas. The regions where the households reside also affect consumption expenditures. Household heads who work in the services sector and trade are better-off than those working in the other sectors of the economy. However, quantile regressions results show that households headed by the old people enjoy a higher level of welfare in the upper quintiles of the distribution of consumption. Household heads who work in the industrial sector have a negative relationship with consumption at the 10th quintile of the distribution of household expenditures in the urban area. In the rural area, household heads working in the services sector have a positive relationship with consumption only at the 50th and 90th percentiles of the distribution of expenditures, whereas those belonging to the 10th quintile have a negative relationship with consumption. In the rural area, the average time span spent to reach an asphalted road has a stronger positive impact on the consumption of households belonging to the 90th percentile of the distribution of expenditures. Being a member of an association has a significant positive effect only on the consumption of households belonging to the 10th quintile of the expenditures distribution. The study results derived with the help of the Oaxaca-Blinder decomposition method show that 59 percent of the welfare gap between urban and rural areas may be explained by differences in the characteristics, and most particularly in physical assets and education. The remaining 41 percent of the welfare gap is explained by discrimination.
      PubDate: Jul 2017
       
  • The Influence of Risk Management to the Return on Asset (ROA) Banking
           Sector (Case Study of Bank in Indonesia Listed in Indonesia Stock
           Exchange)

    • Abstract: Publication date:  Jul 2017
      Source:Advances in Economics and Business  Volume  5  Number  7  Eddy Winarso   and Imhmed Abdulgader Salim   As companies in general, commercial banks in the operational as well have a goal to be able to get the maximum profit. Therefore, banks must maintain its financial ratios adjusted for the decision of Bank Indonesia as well as maintain its performance in order to remain trusted by customers in the economic activities. This study aims to analyze the effect of Capital Adequacy Ratio (CAR), Loan to Deposit Ratio (LDR), Non-Performing Loan (NPL), Net Interest Margin (NIM) an Operating Expenses to Operating Income Ratio (OEOI) to the Return on Assets (ROA) of bank in Indonesia listed in Indonesia Stock Exchange in the period 2007 - 2011. 25 banks are investigated and 17 of them are chosen as samples.The analysis technique of this study used in this study is multiple linear regressions to obtain a comprehensive picture of the relationship between variables that one with the other variables. In addition, the hypothesis test used was the t-test statistic for testing the partial regression coefficient and test F-statistic for testing significance together with the significance level of 5%. The results of this study indicate that NPL and OEOI significantly and negatively related to ROA banking sector, CAR, LDR, and the NIM has non-significant impact on ROA in banking sector. The results of this study is expected that the variable CAR, LDR, NPL, NIM, and OEOI can used as guidelines for the management of banks in managing a bank in order to become a healthy bank.
      PubDate: Jul 2017
       
  • The Communication Aspect of Business Negotiations in the Intercultural
           Context

    • Abstract: Publication date:  Jan 2017
      Source:Advances in Economics and Business  Volume  5  Number  1  Milena Helmová   In the current era of social processes all over the world, the demands on the culture of communication increases, but on the other hand we are more aware of differences in thinking and acting of individuals coming from different cultural backgrounds. These facts are reflected in the international business negotiations, which require some specific abilities and knowledge influencing the successful result of mutual communication from negotiators. In fact, it is impossible not to communicate. There is communication everywhere and all the time. Within the context of this topic, we put a question: How can we communicate properly and successfully with a foreign business partner' In that connection, the cultural background of our business partner is important. There arise frequent misunderstandings during business negotiations because of the partner's different cultural background, which is reflected in their thinking and acting. The aim of this paper is to highlight the importance and direct connection of intercultural literacy as one of the conditions for successful communication in negotiation processes. The paper presents some theoretical starting points for the topic; it offers the views of the problem of interculturality by several theoreticians, and tries to reply the questions directly connected with intercultural business negotiations: what is the impact of my partners' culture on their behavior and thinking' Is intercultural communication only a product of communication in a foreign language, or is it something more than that' What does the intercultural competence of the negotiator mean, and how can it be acquired'
      PubDate: Jan 2017
       
  • Intellectual Property Rights and Consumer Behavior

    • Abstract: Publication date:  Jan 2017
      Source:Advances in Economics and Business  Volume  5  Number  1  Maria Markova   The paper "Intellectual property rights and consumer behavior" is focused on IP rights for product innovations and business indicators of the company and their influence on the consumer behavior. The objective of this paper is to reveal the business offer as a complex of IP rights and as a factor of consumer behavior into 2 main aspects: 1. Product innovations with IP rights as a complex utility for consumer. 2. Business indicators with IP rights as an exclusive market proposition. This paper considers the matter of market characteristics of the business offer with implemented product innovations with IP rights for an invention, utility model and industrial design and the business indicators as trademarks, graphic designs, and domain names. The production and marketing of new products with obtained intellectual property rights the whole economic cycle goes through different phases: from a project of innovation to a market proposition with distinctive signs of IP protection. The implementation of IP into a business offer has the significant aim to achieve economic benefits from the implemented innovations and/or business indicators and to receive future revenues from the exclusive market proposition for the consumer. The final part of this paper is focused on the economic aspects of market characteristics of IP as a factor influencing the consumers and as a factor of the company competitiveness based on IP. To prove these conclusions in this paper are used examples of good practices of the successful companies, market studies and IP research.
      PubDate: Jan 2017
       
  • Exploring the Marketing Effect of Corporate Social Responsibility - An
           Experimental Design Approach

    • Abstract: Publication date:  Jan 2017
      Source:Advances in Economics and Business  Volume  5  Number  1  Quey-Jen Yeh   Corporate social responsibility (CSR) is value oriented, based on the perspectives of stakeholders and issues considered essential. Using experimental design, this study designs scenarios in terms of consumer's prior purchase experience with products associated to CSRs. The purpose aims to demonstrate the marketing effect of CSR initiative whereby it stimulates buyers to purchase a high priced CSR-related product or stay with such a product when they are aware of the CSR behavior of the seller. Such effect is examined further for those of less or no prior experience in purchasing CSR-related goods. Our goal is to explore the response of general consumers on ethics relevant issues for better understanding of CSR in business.
      PubDate: Jan 2017
       
  • A Research on the Influence Factors of P2P Lending Market

    • Abstract: Publication date:  Jan 2017
      Source:Advances in Economics and Business  Volume  5  Number  1  Xiaoni Wen   Zhenqi Zhang   and Xiaojuan Wu   The credit platform of P2P network is a new type of lending model which based on Internet technology. It is the inevitable product in the rapid development of science, technology and social economy. It makes the current credit model more diversity and comprehensive, which plays a pivotal role in China's economic development. This paper introduces the mode and characteristics of P2P network lending, as well as the main development of P2P network lending at home and abroad. In this paper, we take the largest P2P network lending website PPDai as an example, using binary logistic regression model to establish a network lending model, researching the factors that affect the success rate of the loan, and carry on the Monte Carlo simulation, to find that credit is an important factor to guarantee the success of P2P transactions. During the period of marketization, compared to traditional finance, P2P network lending model not only has mode innovation but also need to make full use of its advantages of big data, for effective credit and risk assessment. Making outstanding contributions in order to the credit system construction and lending services.
      PubDate: Jan 2017
       
  • Social and Physical Aspects of the Service Encounter: Effects on Trust and
           Customer Loyalty to the Service Provider

    • Abstract: Publication date:  Jan 2017
      Source:Advances in Economics and Business  Volume  5  Number  1  Temessek Behi Azza   and Ben Dahmane Mouelhi Norchene   The purpose of this research is to evaluate the influence of two strategic service encounter dimensions on consumer beliefs and service loyalty. A conceptual model was generated with the aim of seeking to reveal the contribution of the physical environment and social interactions with front line employees on customer's evaluation of the service provider and loyalty. An empirical study is conducted based on a sample of 400 customers of fitness centers. Collected data was analyzed using a structural modeling that highlight the contribution of each predictors. The results revealed that physical and social cues differently influence customer trust and loyalty to the service provider. It seems that social interactions are more effective in building customer trust. Overall, the joint effect of servicescape and social relationships positively influence customer trust and lead to service loyalty. This paper provides empirical evidence on the contribution of two service encounter cues: servicescape and social interaction on customer trust and service loyalty. The research offers a conceptual framework that can be tested in a variety of services. Managerial recommendations focus on improving relational aptitudes of frontline employees, mainly in personal services such as fitness centers.
      PubDate: Jan 2017
       
  • Broad Money Supply and Financial Condition Index for Indian Economy

    • Abstract: Publication date:  Feb 2017
      Source:Advances in Economics and Business  Volume  5  Number  2  Sayan Banerjee   In the context of recent global financial crisis, the impact of exogenous shock to the financial sector on the real sector of the economy has come to the notice of the economists all over the world. The traditional dichotomy between financial and real sector is found to be inadequate for either managing or predicting the economy's overall behavior. In view of this recent development, this paper makes an attempt to construct a Financial Condition Index (FCI) in the context of Indian economy, to explore the possibility of how such an index would be an improvement over the traditional Monetary Condition Index (MCI), which has been the central bank's main instrument. The FCI is constructed by incorporating broad money supply along with real interest rate and official exchange rate. Following a weighted sum approach, the index is constructed by taking into consideration macroeconomic data over two decades of time period. The FCI, thus constructed, shows a significant co-relationship with the variability economy's inflation rate, revealing its usefulness as an indicator for early warning system for Indian economy.
      PubDate: Feb 2017
       
  • Comic Book Heroes Teach Economic and Political Freedom

    • Abstract: Publication date:  Feb 2017
      Source:Advances in Economics and Business  Volume  5  Number  2  Robin S. McCutcheon   This research analyzes the use of comic book heroes to persuade students that being economically and politically free, are far superior to socialism's tenants of self-sacrifice for the good of the community that always end in tyranny.
      PubDate: Feb 2017
       
  • Generic Internationalization Strategies of Emerging Market Multinationals:
           The Case of Chinese Firms

    • Abstract: Publication date:  Feb 2017
      Source:Advances in Economics and Business  Volume  5  Number  2  Kun Tan   This paper investigates how the choices of strategic directions by Chinese multinational enterprises have led them to adopt distinct strategies in internationalization. The study takes a multiple case study approach. It was found that the generic strategies of Chinese internationalization are local optimizer; low-cost supplier, advanced-market seeker, and global consolidator, each of which depends on a multinational enterprise's preference in combination with its strategic directions e.g. target countries, value chain movement, branding, and mode of entry. Finally the generic strategies as a common framework for studying the internationalization of emerging market multinationals are proposed.
      PubDate: Feb 2017
       
  • Strengthening the National Identity through Brands

    • Abstract: Publication date:  Feb 2017
      Source:Advances in Economics and Business  Volume  5  Number  2  Sana Imran   This paper is aimed to highlight the significance of 'Brands' for strengthening the 'National Identity'. It is a modest attempt to analyze how nations accrue global recognition through a systematic proliferation of national brands. Meticulously prepared advertisements and a well thought out media campaign often shape branded products into successful marketing propositions. While the use of brands in influencing the overall national image has become a marketing imperative, products of multi-national origins still remain in great demand. A fine linkage can be traced between the country of origin of a particular brand, the national identity, contribution of brand towards enhancing the national image and consumer ethno-centrism. The conceptual, strategic and practically relevant aspects of this association along with the managerial implications will be discussed in this paper, in a purely academic and research based construct, with a view to validating the following postulates: 1) Brands impact upon the construction of national identity. 2) Brands' influence on national identity is equally applicable in the spheres of diplomacy, defense, economy, trade, fashion and industry. 3) Countries have gained more fame globally, due to their branded products in all walks of life.
      PubDate: Feb 2017
       
  • An Empirical Study Regarding the Satisfaction Level of Taiwanese Youth
           Tourists to Japan

    • Abstract: Publication date:  Feb 2017
      Source:Advances in Economics and Business  Volume  5  Number  2  Fumihiko Isada   Han-Ching Lin   and Yuriko Isada   The objective of this research is to analyze quantitatively the evaluation and background factors for tourist sites in Japan by the younger age group of Taiwanese visitors to Japan, and to consider a future subject. The questionnaire was designed based on consumer-behavior theory, service marketing, etc. as a theory relevant to sightseeing. It turned out that the factors that constitute especially quality of service and experience value are closely related to a revisit intention etc. In addition, as compared with other countries, the factors by which tourist sites in Japan were evaluated highly, and not highly, became clear among those factors.
      PubDate: Feb 2017
       
  • Credit Information System in Albania

    • Abstract: Publication date:  Feb 2017
      Source:Advances in Economics and Business  Volume  5  Number  2  Valbona Çinaj   and Bashkim Ruseti   The booming lending period and many lenders (16 banks and 21 non-bank financial Institutions in Albania) brought about unprecedented competition in credit markets within Albania. Economists usually view lending and competition favorably, but in Albania resulted in a number of unforeseen non-performing loans. Findings report increased problems of borrower over-indebtedness, reduced loan repayment incentives, and growing debts for lenders1. The weakening performance of lenders is due in part to the absence of information sharing in these markets. Because growing numbers of lenders (banks and non-bank financial Institutions in Albania) increase the level of asymmetric information between lenders, credit information systems (often called credit reporting bureaus or credit bureaus) can play a crucial role towards improving credit market performance and, in turn, credit access for the poor. Increases in formal sector lending among the poor have created a need for credit information systems that provide potential lenders with borrower information. Improved screening affects from the system causes the level of non-performing loans to decline. In this paper we will present effects of a credit information system to be implemented in Albania. The weakening performance of lenders is due in part to the absence of information sharing in these markets. Because growing numbers of lenders (banks and non-bank financial Institutions in Albania) increase the level of asymmetric information between lenders, CISs can play a crucial role towards improving credit market performance and, in turn, credit access for the poor.
      PubDate: Feb 2017
       
  • Research and Cooperation Conceptions on the Protection of China-ASEAN
           Geographical Indications under the Trips Agreement

    • Abstract: Publication date:  Feb 2017
      Source:Advances in Economics and Business  Volume  5  Number  2  Xiangjun Kong   Yajuan Feng   Yuejuan Su   and Yinghong Kong   ASEAN is one of the most significant business partners of China. This article analyzes the application of the international agreement on the protection of geographical indications from the perspective of protection and collaboration. It also states the constructive situation between the protection of geographical indications and the administrative system. It asserts that the collaboration under the geographical symbols area of China-ASEAN carries significant stagy meanings in politics, economy and diplomacy and a serious of constructions to establish this collaborative system. What's more, this paper advises the concluding these core contents illustrated as follows: China-ASEAN Expo as a platform for the results of the protection of geographical indications, holding, establishing topic platform of the geographical remarks and registered system of geographical symbols of China-EU.
      PubDate: Feb 2017
       
  • Biodiesel Production, Soybean Cultivation and Family Agriculture:
           Evaluation of Brazilian Experience

    • Abstract: Publication date:  Aug 2017
      Source:Advances in Economics and Business  Volume  5  Number  8  Jefferson N. do Pradoy   Flávia Chein   and Juliano J. Assunção   We analyzed the impact of the National Program for Production and Use of Biodiesel (PNPB) over some soybean variables such as productivity, price received and wages paid among soybean family farming units in Brazil (from 2003-2012). The empirical strategy includes first identified "poles" of biodiesel production, and then uses a difference in differences model to estimate effects over time between soybean producing municipalities considered as a PNPB biodiesel production pole (treatment) and other soybean producing municipalities (control) not producing biodiesel. The results indicate that PNPB does not appear to be closely related to soybean productivity changes. However, the PNPB appears to be positively associated with average incomes and wages, suggesting that the PNPB may have helped support rural economic development in municipalities with strong social seal participation.
      PubDate: Aug 2017
       
  • The Effects of Consumer Ethnocentrism and Consumer Animosity on the
           Willingness to Buy with the Mediating Role of Products Judgments:
           Children's Food Case

    • Abstract: Publication date:  Aug 2017
      Source:Advances in Economics and Business  Volume  5  Number  8  Nguyen Ngoc Quang   Truong DinhChien   and Nguyen Hoai Long   With the growth of international business and travel, Vietnamese consumers are increasingly confronted with foreign products and services especially children's foods. However, some negative attitudes towards foreign products can arise from several factors such as historic or ongoing political, military, economic, or diplomatic events. Thus, both consumer ethnocentrism and consumer animosity have become important constructs in marketing. The purpose of this study is to investigate whether consumer ethnocentrism and consumer animosity affect Willingness to buy towards Chinese Children's foods and whether this impact is mediated by products judgments. Structural equation modeling was used to analyze the data collected from 846 personal interviews carried out in three Vietnamese cities (Hanoi, Danang, and Ho Chi Minh). The findings of the research indicate that consumer ethnocentrism increases consumer animosity. The present study also denotes that both consumer ethnocentrism and animosity have a negative impact on Willingness to buy toward Chinese children's foods. Product judgments may not be an important mediating factor between consumers' animosity - Willingness to buy and between consumer ethnocentrism - Willingness to buy toward Chinese Children's foods.
      PubDate: Aug 2017
       
  • Which Competence' A Comparative Analysis of Culture-specific vs.
           Culture-generic Intercultural Competence Development

    • Abstract: Publication date:  Aug 2017
      Source:Advances in Economics and Business  Volume  5  Number  8  Stefanie A. Stadler   This paper takes a critical look at the type of approaches that prevail in the field of intercultural competence development and the uncritical perspectives with which these views are often circulated in academia and the wider community of international business and intercultural sojourns. It is all-too-common to find papers, models and frameworks that equate intercultural competence with culture specific competence. However, such approaches can never accurately portray a culture or prepare a person to deal with people in an appropriate, flexible and adaptable manner. This paper aims to assess and weigh the benefits and disadvantages of both culture-specific and culture-generic intercultural competence development, arguing that a combined approach constitutes the most desirable compromise between feasibility of training and effectiveness of training outcomes.
      PubDate: Aug 2017
       
  • The Neglect of Buying Power in Traditional Economic Theory, and its
           Practical Implications

    • Abstract: Publication date:  Aug 2017
      Source:Advances in Economics and Business  Volume  5  Number  8  Michael Joffe   Buying power, the causal consequence of income and wealth, is ubiquitous in the real world, but not prominent in economic theory. Its importance can be seen e.g. in the relative power of rich and poor consumers, the effective demand that supports each industry, the power that firms have to build their premises and to exercise authority over their workers, the influence of shareholders over firms, and in international economic relationships. Adam Smith remarked that having money gives one the ability to "command" the labour of others, and Keynes based The General Theory on the concept of aggregate demand, but buying power is seldom recognised when analysing the detailed working of the economy - the main focus is on willingness, not ability, to pay. An important exception is Sen's work on famines and entitlements. The source of buying power for individuals is income/wealth, and also transfers and borrowing. For firms, buying power derives from profit, and also from a promising investment plan. Buying power is an essential concept not only for understanding how the economy works, but also because it is central to three important practical modern problems: inequality and its consequences, including displacement; debt and financial instability; and environmental degradation.
      PubDate: Aug 2017
       
  • The Analysis of Actual and Expected Inflation in Turkey

    • Abstract: Publication date:  Apr 2017
      Source:Advances in Economics and Business  Volume  5  Number  4  Selçuk Alp   and Elçin Aykaç Alp   The main objective of the Central Bank is to maintain price stability. Policy objectives set out in this direction and policy instruments used for this purpose can be varied. Inflation expectations are considered to be one of the most important policy instruments used today. Especially in the implementation of the inflation targeting regime, emerges a phenomenon to be studied in as the monitoring of inflation expectations, management, ensuring compliance with set targets. In case of inflation targeting regime implementation; the management, monitoring and meeting targets emerges as a phenomenon to be studied. Since 2002 Central Bank of the Republic of Turkey has been monitoring and publishing its expectations for inflation. Those inflation expectations are followed and published regularly. The publication and monitoring has been through the implementation expectations surveys of the Central Bank of the Republic of Turkey. This paper examines the consistency of the inflation rates with the inflation expectations since 2003. Comparative analysis of the consistency has been analysed by the expectations data for the “current month”, “one month ahead", “two months ahead” and “twelve months ahead” and disclosed for the actual inflation rate and inflation expectations. Markov chains analysis was used to examine this adjustment. The resulting long-term equilibrium (steady state) levels were compared to the expected realization via probabilities.
      PubDate: Apr 2017
       
  • Nontraditional Monetary Policy in a Model of Default Risks and Collateral
           in the Absence of Commitment

    • Abstract: Publication date:  Apr 2017
      Source:Advances in Economics and Business  Volume  5  Number  4  Hiroshi Fujiki   We show that a central bank could improve the allocation of resources by delivering the defaulting party's collateral goods to those who consume the most quickly. We base our discussion on Mills and Reed [1]'s repo contract model, which shows that the consumption of the lender will be the same whether the borrower is a productive agent or an unproductive agent. We extend their model by considering shocks to the second period of lenders' lives, which force them to consume within an early stage of the second period of their lives. The shock could make the consumption of lenders vary depending on the timing of transactions in the goods market. We show that a central bank could make the consumption of lenders constant regardless of the timing of transactions in the goods market, and could achieve better resource allocation by using various nontraditional monetary policy tools.
      PubDate: Apr 2017
       
  • Two-sided Absorptive Capacity: Customer Integration in Data-driven
           Environments

    • Abstract: Publication date:  Apr 2017
      Source:Advances in Economics and Business  Volume  5  Number  4  Diana Chernetska   Companies are more and more turning to proactive customer integration and look for efficient ways of customer knowledge management. In case of online interaction, companies generate Big Data which holds the potential for the companies in terms of customer knowledge input. The potential of such data can be unfolded using advanced (predictive) analytics technologies. In order to ensure efficient customer integration in such settings, companies should be able to develop absorptive capacity. We assume that the nature of absorptive capacity in data-driven environments could be challenged, considering the intersection of business and technology perspectives. This study sets a foundation of understanding the peculiarities of absorptive capacity in data-driven environments by applying a qualitative case study approach. The study considers perspectives of both, service companies and analytics providers to avoid one-sided biases. The main result is an integration of empirical findings, their analysis against existing theoretical background and crystallization of a concept of 'two-sided absorptive capacity' which aims to explicate the role of analytics skills while building absorptive capacity in data-driven environments.
      PubDate: Apr 2017
       
  • Corporate Governance and Returns on Investments of Pakistani Listed
           Companies

    • Abstract: Publication date:  Apr 2017
      Source:Advances in Economics and Business  Volume  5  Number  4  Nouman Afgan   Klaus Gugler   and Robert M. Kunst   This paper analyzes the effects of corporate governance institutions on investment returns of Pakistani listed companies. A marginal q is used to estimate returns on investments from cash flows, debt, and equity. Return on total investment is 31% lower than the cost of capital, which suggests that largest shareholders or managers invest beyond the optimal investment level that maximizes the wealth of shareholders. Return on reinvested cash flow is 30% lower than the cost of capital. There is evidence of our hypothesis that largest shareholders or managers exercise discretion while reinvesting cash flows. Return on investment financed from debt is lower than the cost of capital as financial institutions are faced with asymmetric information while analyzing creditworthiness of investments. The analysis provides evidence of market discipline on investments financed from debt by companies whose ultimate shareholders are foreign entities. Corporate governance institutions are unable to control managers of foreign-owned companies from issuing equity to finance investments with returns lower than the costs of capital. Financial market development is retarded because outside shareholders are reluctant to invest in equities and financial institutions are wary of financing borrowers. The weak corporate governance system is unable to properly protect financial institutions from loan delinquencies.
      PubDate: Apr 2017
       
  • SME Internationalization: Investigating Antecedents and the Effect of
           Organizational Capabilities on Strategy in the German MedTech Industry

    • Abstract: Publication date:  Apr 2017
      Source:Advances in Economics and Business  Volume  5  Number  4  Gunther Heiß   This paper is focusing on SME internationalization and investigates the antecedents and the effects of organizational capabilities on strategy in the German MedTech industry. However, the impact of existing research in this field is relatively poor and is not yet applicable in other countries or industries. As a consequence, a systematic review of the literature has been conducted. The results have shown heterogeneous research results in the field of strategy and capabilities and the need for further research in this context. In a focus group discussion antecedents as well as the most important factors related to strategy were emphasized and further important aspects that focus on capabilities were revealed. Overall, the review indicates an initial conceptual model, in which significant findings could be identified. During the focus group discussion subject matter experts refined them in a country-, industry- or firm-specific way. The results will serve as a strategic input for SME's in the German MedTech industry.
      PubDate: Apr 2017
       
 
 
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