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July - August 2018

  • Strategic Management of Human Resources. Motivation & Performance
    Original Research Article
    Country Romania
  • Pages 01-09
  • Roxana Cioclov || Ioan Lala-Popa
  • Abstract | pdf Pdf
  • The following paper represents an in-depth analysis of the causality between motivation and performance of human resources, in organizational contexts. By analyzing the complexity of the two concepts individually, followed by the correlations between the two, the current paper will prove the bidirectionality of this relationship: motivation and performance determining each. Such a proven relationship will bring significant added value to the organizations that are interested to enrich their Human Resources practices, allowing them to strategically plan and target their actions in a manner that will ensure high level of involvement, engagement and active participation of their people. The study becomes both a theoretical and practical foundation of strategic HR management, in terms of how can motivation and performance be instrumented in order to align the individual efforts to the organizational strategy. In terms of methodology, the paper approaches a qualitative method, starting by identifying the elements that determine motivation and the ones that determine performance, including the way they can determine one another. Current paper is therefore an initial study, that could then be valued in further quantitative studies that would collect and interpret statistical data to demonstrate the theoretical hypothesis and model proposed.


  • Partial Least Square (PLS) Model Investigation for Determining Influencing Factors of Entrepreneurship Collaborative Learning Effectivenessin Indonesia Higher Education
    Original Research Article
    Country Indonesia
  • Pages 10-18
  • Nila Krisnawati || Alfiandri
  • Abstract | pdf Pdf
  • This study is aiming to investigate influencing factor of entrepreneurship collaborative learning performances by using Partial Least Squares Structural Equation Modeling approach (PLS-SEM). A hypothetical conceptual model for improving entrepreneurship learning performance develop based on the previous study, which composed of four enablers called university’s vision and mission, entrepreneurial background lecturer, strong culture and rewards system.The methodology used to test the conceptual model was delivering the questionnaire survey to 72 (seventy two) lecturers in business field. The unit analysis of this study is the universities, both public and private universities in South of Tangerang. Sample was selected using simple random sampling. The questionnaires were developed from the past studies in similar area of entrepreneurship in higher education, before distributed to the respondents. The findings from this study provide insight to construction that the relationships of variable vision and mission to effectiveness have path coefficient value 0.195 and the lecture background is 0.040. Meanwhile, reward and culture shows stronger influence to Entrepreneurship collaborative Learning Effectiveness with the patch coefficient values are 0.296 and 0.335.


  • The Effect of Internal Control by using COSO Framework on Revenue Toward Employee Performance: A Case Study in Public Hospital of South of Tangerang, Indonesia
    Original Research Article
    Country Indonesia
  • Pages 19-27
  • SukhmanRaj Singh Dhillon || Alfiandri
  • Abstract | pdf Pdf
  • This study is conducted to investigate the effect of internal control by using COSO Framework onEmployee Performance in Accounting & Finance Department in public hospital of South of Tangerang, Indonesia Selatan. There are twenty respondents participated of the study. They are Accounting & Finance staff, cashier, Internal Audit/Control unit and Head of Finance Department. the results shows that control environment have a negative and no significant effect on employeeperformance, control activities have a positive and significant effect on employeeperformance, risk assessment have a positive and significant effect on employeeperformance, information & communication have a negative and no significant effecton employee performance and lastly monitoring have a negative and no significanteffect on employee performance.


  • The Technology Adoption of Jajar Legowo System and Direct Seeding System on Rice Farming in the Village of Duria Asi, Wonggeduku District of Konawe Regency, Indonesia
    Original Research Article
    Country Indonesia
  • Pages 28-33
  • 1Ine Fausayana || Wandri Tarappa
  • Abstract | pdf Pdf
  • This study aims to analyze the stage of technology adoption and farmers’ behavior toward technology adoption on cropping systems of Jajar Legowo (JLS) and Direct Seeding System (DSS) on rice farming in the village of Duria Asi, Wonggeduku district of Konawe Regency, Indonesia. This research was conducted on March to May 2017. The research approach used is qualitative research. Data collection was conducted through in-depth interviews, participatory observation, documentation, and archival footage. Data were analyzed using qualitative descriptive analysis. The results showed that the application of of jajar legowo planting system has not been widely applied (23%). Farmers’ behavior is determined by internal and external factors in determining the technology’s adoption ability of Jajar Legowo System and Direct Seeding System. Therefore, cooperation from extension agencies and researchers is needed to increase the ability of farmers’ group in rice field farming so that local institution can perform its function better in order to achieve the production target.


  • An Empirical Study on the Effect of Retail Service Quality Attributes on the Consumer Buying Decision - With Reference to Moustache
    Original Research Article
    Country India
  • Pages 34-55
  • Dr. Sougata Banerjee || Dr. Dibyendu Bikash Datta || Ms. Varsha Daga
  • Abstract | pdf Pdf
  • The study was been conceptualized to study the effect of retail service quality on the consumer decision making process for a brand selection. Therefore, to create a distinct position in the marketplace, retailers are focusing on retail service quality that gives a competitive advantage to the company. Exploratory factor analysis was run to understand the retail service quality factors in fashion retail market with relevance to the brand, Moustache. Six components were extracted through Varimax method and rotated component matrix, namely store presentation/display, convenient facilities, problem solving, temperature, store layout and personal interaction. For regression analysis, the hypothesis developed for the research were perceptual service quality of the fashion retail store influences the perceptual quality of the brand and different dimensions of retail service quality influences significantly the perceptual quality of the brand. Significant relationship between perceptual quality of the retail store and perceptual quality of the brand has been established. Cluster analysis was done first by hierarchical method to deduce number of clusters which can be formed, and then the data was further processed through Ward Method in K-Means Cluster Method. Four differentiating segments were concluded with discrete characteristics. The study also attempted to understand the influence of three factors, store outlet/format, assistance and exclusive range, on customer preference. Utility of all the eight options was calculated through conjoint analysis according to the preferences of the customers.


  • The MAFIOTISMUS – the newest kind of personal and private capitalism on state niveau – on the examples in Bulgaria and European Commission based on the Momtchil Dobrev's "Theory of generate of crises", Momtchil Dobrev's "Theory and praxis of Mafiotismus" and on the Momtchil Dobrev's "Theory of the mafia"
    Original Research Article
    Country Bulgaria
  • Pages 56-65
  • Lord Prof. PhD PhD Momtchil Dobrev-Halachev || Lady Prof. Mariola Garibova || Mariika Dobreva || Alexander Garibov
  • Abstract | pdf Pdf
  • Lord prof PhD PhD Momtchil Dobrev-Halachev developed 2008 "Theory of generating of crises " , 2010 "Theory and praxice of the Mafiotismus" and 2001 " Theory of the mafia". Based on these two theories this paper explane the establishment of the mafiotismus all over the world – principles, theory and praxis in European Union , European Commission and in the Republic Bulgaria


  • A Social Marketing Approach to Safer Driving in Nigeria
    Original Research Article
    Country Nigeria
  • Pages 66-74
  • Habibu Ahmed Sharif || Murtala Ibrahim || Julius T. Ndaghu || Dahiru Mohammed Yole
  • Abstract | pdf Pdf
  • Due to increased urbanisation and motorisation, the road transport sector has become instrumental in the development of the world economy. However, this has left the society and the environment with negative impacts, otherwise refer to as negative externalities. One of the most obvious evidence of these external costs is the road traffic accidents (RTAs). RTAs have physical, social, emotional and economic implications. To address these implications, the international community has responded with series of programmes and policies. However, RTAs have continue to claim the lives and property of people of especially developing countries who, unlike their developed counterparts, have not been successful in implementing programmes and policies that drastically reduce the prevalence of RTAs. In this study, we highlighted the importance of social marketing in addressing the lingering problems of RTAs in Nigeria. We provided some practical examples on how marketing concepts could be applied in addressing the social aspect of these issues and maintain safer driving. We believe that social marketing will be (and remains) the only option to overcoming RTAs and their attendant health, economic, environmental and social challenges in, especially, developing countries where RTAs are a major problem.


  • A Strategic Investment Decision Model for Maximizing Financial Performance: With a Case of Dry Bulk Shipping Business
    Original Research Article
    Country South Korea
  • Pages 75-79
  • Professor Weon Jae Kim, Ph.D.
  • Abstract | pdf Pdf
  • This paper deals with a managerial decision to maximize net income for shipping business characterized by both high operational and financial risks. Particularly, dry bulk carrier shipping business has shown repeatedly dramatic market cycles since year 1980. This case analysis for dry bulk shipping business is attempted to verify the effectiveness of proposed investment decision model in terms of financial performance for a specific period where the freight market experienced another huge business cycle. Since the tramp shipping business is capital-intensive and high risk industry, managers are required to avoid these business risks and maximize business profit consisting of operational income and capital gain by asset play. In essence, the managers are required to make timely and rational decision in both sale and purchase of their ships. There are three alternatives in investment on shipping business: i.e. chartering, second-hand ship, and new shipbuilding. This case study assumes that a shipping company is able to choose the alternatives of chartering and purchasing second-hand ships in their investment decision because the new shipbuilding requires at least 2 years for delivery and operation. The financial results of case analyses under dynamic business environment and condition reveal that the managers must pay keen attention to secondhand ship market greatly depending on freight market showing recession, recovery, boom, and collapse. In sumshipping company has to buy a ship at the lowest price during the recession stage and sell it at the highest price during the boom stage and put a chartered ship into the service line for customers rather than keep operating the ship for the whole freight market cycle in which the company has no choice but to suffer a huge loss due tohigh operational and financial costs as well as to sharp decrease in revenues.


  • Interest Rate and Growth Nexus in Nigeria: The ARDL – Bound Test Approach
    Original Research Article
    Country Nigeria
  • Pages 80-87
  • Adekunle, E. Oludayo || Adodo, Feyisayo Loveth || Akindutire, Yetunde Tonia
  • Abstract | pdf Pdf
  • This study examined the effect interest rate on economic growth in Nigeria. Augmented Dickey – Fuller (ADF), Bound Test and Autoregressive Distributed Lag (ARDL) were employed to examine the effect of impact of interest rate on economic growth in Nigeria. The unit root test showed gross domestic product was 1(0) while interest rate, investment and gross capital formation were 1(1). The result of the Bound Test indicated long run relationship among the macroeconomic variables employed in the study. The result of the ARDL indicated that interest rate had negative effect on economic growth both in short run and long run. However, in the long run investment and gross capital formation were established to have positive effect on economic growth with gross capital formation being insignificant. It was concluded that interest rate has a macroeconomic tool is not effective in stimulating economic growth in Nigeria. It was recommended that the level of interest rate should be adequately controlled for the purpose of stimulating economic growth without inflationary pressure. Finally, robust macroeconomic policies aimed at ensuring economic stability should be formulated in order to increase capital formation and attract investment in order to promote economic growth.


  • The Influence of Credit Distributions Micro, Small and Middle (SMES) and Third Party Funds to Noperational Profit to Public Credit Bank Cirebon District
    Original Research Article
    Country Indonesia
  • Pages 88-93
  • Nursito
  • Abstract | pdf Pdf
  • This research re euml xamine of what has been done by other researcher with the object of research on what is different aimed at peaceful and steady to analyze the good vibes this partial as well as simultaneous the amount of its credits micro small and medium enterprises (SMES) and prepare the funds to a third party against operating profit in public credit bank Cirebon district. The results of the testing of hypotheses first discovered that variable credit small and medium enterprises 0.5456 or by 54,56 % show is influence against operating profit. The results of the testing of hypotheses to two variable third party funds of savings of 0.52134 or by 52,13 % show is influence against operating profit. The results of the testing of hypotheses to three variable third party funds in deposits of 0.5612 or by 56,12 % show is influence against operating profit. All of the results of the analysis showed in constant of 0.5905 or 59.05%. This credit public bank Cirebon district contribute to the development and growth the small and medium enterprises (SMES) that is in Cirebon district and the rest is the other factors that to affect in out of what researchers do.


  • Interest Rate Deregulation and Loans and Advances of Deposit Money Banks in Nigeria
    Original Research Article
    Country Nigeria
  • Pages 94-100
  • Obagunwa T. Busayo || Akinwale, S.O. (PhD.)
  • Abstract | pdf Pdf
  • This study examined the effect of interest rate deregulation on Nigerian banking system. The study adopted Augmented Dickey – Fuller (ADF), Bound test and Autoregressive Distributed Lag (ARDL). The correlation result indicated that of the correlation matrix that all the explanatory variables (interest rate, lending rate and deposit rate) had effect on loan and advances. The results of the unit root test revealed that interest rate and lending rate were stationary at level 1(0) while loan and advances and deposit rate were stationary at first difference 1(1). Also the results of the bound test revealed that there exist long run equilibrium relationship among the variables. The result of the ARDL indicated that interest rate had significant effect on loan and advances while lending rate and deposit rate had an insignificant effect on loan and advances. It was concluded that banks should monitor the level of loan and advances in respect to major ratios for effective performance. The study thus, recommended that banks should monitor lending rate which should be fixed in order to enhance lending performance. Regulatory authority should ensure that macroeconomic variables such as money supply, liquidity ratio, lending rate, monetary policy rate are effectively managed to enhance bank performance.


  • The Protestant Work Ethic in Mainland China
    Original Research Article
    Country China
  • Pages 101-111
  • Suchuan Zhang
  • Abstract | pdf Pdf
  • In an attempt to provide a cross-cultural examination and documentation of the Protestant Work Ethic (PWE) in Chinese society, we examined the differences of PWE across ten demographic variables including gender, age, education, work experience, position, religious affiliation, party affiliation, income, type of work organization, and place of residence from a random sample of 1703 participants from all walks of life and from several provinces in China. We employed Mirels and Garrett’s (1971) PWE Scale to measure the PWE and a One-way Analysis of Variance (ANOVA) was performed to analyze the PWE scores. The results revealed that people having a graduate education, occupying senior positions, being with a monthly income ≥RMB5001, being Communist Party members, and living in South-East and North-East China expressed the strongest adherence to PWE. No significant difference on PWE existed in the categories of gender, age, work experience, type of work and religious affiliation.


  • Determinants of Coffee Value Addition by Smallholder Farmers in Jimma Zone, Ethiopia
    Original Research Article
    Country Ethiopia
  • Pages 112-123
  • Bizualem Assefa Gashaw || Degye Goshu Habteyesus || Zekarias Shumeta Nedjo
  • Abstract | pdf Pdf
  • Value addition after production would involve enhancements or additions to a product that result in higher returns to the commodity seller, who is often the smallholder farmer. This study was undertaken with the aim of analysing determinants of intensity of value addition to coffee by smallholders. A multi-stage stratified and simple random sampling technique was employed; and a total of 152 smallholder farmers from six kebeles were sampled. Data were collected from primary sources through a semi-structured interview schedule. Tobit econometric model was employed to identify the underlying determinants of coffee value addition. The result revealed that sex, literacy status, coffee farming experience, active family labour force, perception of farmers towards the adequacy of extension service on value addition, access to credit, ownership of sufficient drying facilities, perception of farmers towards price of dry cherry, and non- and off-farm income were significantly affected coffee value addition. The finding stress that policy aiming at offering farmers a fair price, providing adequate credit and other extension services, providing drying facilities, building capacity of farmers with knowledge, improving farmer’s business diversification besides coffee farming, and targeting gender inclusive strategy (paying attention to women) were recommended to increase coffee value addition at farm level.


  • The Unique Role of Law Library in the Training of Legal Practitioners in Nigeria
    Original Research Article
    Country Nigeria
  • Pages 124-130
  • Alabi Raliat
  • Abstract | pdf Pdf
  • The Law library has been playing an indispensable role in the training of legal practitioners in Nigeria, Law library provides the resources necessary for the training of legal practitioners, these resources include the primary sources of law, secondary sources of law and other legal information resources like electronic resources, all these are tools for the training of would be lawyers.Legal education dates back to the period of colonization of Nigeria by the British. The law library is as old as the legal profession itself. The contribution of law library to the training of lawyers have produced successful lawyers in the country. This paper has highlighted the history of legal education in Nigeria, the history of law library, the input of regulatory bodies to the training of lawyers, the role of legal practitioners to the society and the role of law library and law librarian in the training of legal practitioners.


  • Identifying and Managing Domain Value Drivers
    Original Research Article
    Country Czech Republic
  • Pages 131-138
  • Mojmir Sabolovic
  • Abstract | pdf Pdf
  • The domain names become the real economic good. After the establishing those in the early 80th as only technical “address” locating space on the server space people started to demand and supply them. It can be denoted as a starting point of the domain name market. The theory of value used to be one of the crucial questions of economic theory. As for any other, economic and market goods is necessary the question of how the value of the domain name can be estimated. The main objective of the study is to analyze trends in domain names market, explore the value drivers and identify the possibilities of improvement valuation techniques for domain names. The theoretical study witch quantitative analysis for the hypothesis verification is used. Open research questions are placed in particular fields with the goal to improve present state of the art of valuation theory in domain names field. Descriptive statistics and multiple regression modeling are applied. Statistical analysis proved that the value drivers of the domain are not World/Term, Top Level Domain and Market Place. Future research is desired in adjusting the methodology of real options according to domain names‟ market characteristics.


  • Exploring Key Factors of Service Quality and Organization Public Relationships Dimensions That Influences Customer Service and Behavioral Intention: A Case of Private University in Malaysia
    Original Research Article
    Country Malaysia
  • Pages 139-147
  • Mahabub, Musa Garba
  • Abstract | pdf Pdf
  • The purpose of the study is to explore the key factors of service quality and organization public relationship dimensions that influence customer service and behavioral intention in private university in Malaysia. In this study, the survey method was used to explore those relationships and data were collected through self-administrated questionnaires. The results shows that the model identified a number of relationships and indicated that direct effect path existed from perceived service quality. The partial dimension of service quality and organization public relation has impact on satisfaction and behavioral intention.