Template-Type: ReDIF-Article 1.0 Author-Name: Yanfu Li Title: IMPROVING ANALYST TARGET PRICE PERFORMANCE THROUGH ENHANCED VALUATION TECHNIQUES Abstract: This study focuses on the target price issue, it aims to improve the reliability of target price through the enhanced valuation techniques. Firstly, this study improves the target price reliability by enhancing the discount rate estimation method. Secondly, the concept of industry-specific combined valuation approach has been introduced by this study, this new concept not only takes advantage of the benefit from the combination of absolute and relative model, but also consistent with the distinguishing features of different industries. Thirdly, this study presents an enhanced target price setting method to improve the target price reliability, this method provides effective solutions to the common but unsolved question about how to combine a range of value estimates. Finally, a reliability testing method has been introduced by this study to measure the performance of value estimate and target price Classification-JEL: G12, G14, C10 Keywords: Target Price Performance, Enhanced Valuation Methods Journal: Global Journal of Business Research Pages: 1-12 Volume: 13 Issue: 2 Year: 2019 File-URL: http://www.theibfr2.com/RePEc/ibf/gjbres/gjbr-v13n2-2019/GJBR -V13N2-2019-1.pdf File-Format: Application/pdf Handle: RePEc:ibf:gjbres:v:13:y:2019:i:2:p:1-12 Template-Type: ReDIF-Article 1.0 Author-Name: Kathleen Wilburn Author-Name: Ralph Wilburn Title: MISSING SOCIAL OUTCOMES IN CSR REPORTS OF AWARD WINNERS Abstract: Consumers increasingly expect transparency from companies practicing Corporate Social Responsibility (CSR) and base their buying practices on what they see and hear about a company’s CSR initiatives. Unfortunately, many CSR reports resemble marketing materials, rather than data that shows what the actions have accomplished for those targeted stakeholder groups. CSR reports need to prove that companies have achieved outcomes, not just established goals. Companies need to demonstrate that their CSR initiatives are not just greenwashing to keep their consumers happy. The purpose of this study was to evaluate the CSR/Sustainability Reports of twenty-one corporations that appear both in the CR Magazine’s 2018 100 Best Corporate Citizens and the World’s Most Reputable Companies for Corporate Social Responsibility for 2018 to see if they report outcome measures as well as goals. The study found that, although many of the corporations address the Ten Principles of the UN Global Compact and the UN 2013 Sustainable Development Goals in their reports, the initiatives that focus on the social elements have no data or outcomes for them, especially when they involve philanthropy to nonprofits. Only environmental goals had year-to-year data on progress toward goals Classification-JEL: M14 Keywords: Corporate Social Responsibility, Sustainable Development Goals, Global Reporting Initiative, Ten Principles of the UN Global Compact Journal: Global Journal of Business Research Pages: 13-36 Volume: 13 Issue: 2 Year: 2019 File-URL: http://www.theibfr2.com/RePEc/ibf/gjbres/gjbr-v13n2-2019/GJBR -V13N2-2019-2.pdf File-Format: Application/pdf Handle: RePEc:ibf:gjbres:v:13:y:2019:i:2:p:13-36 Template-Type: ReDIF-Article 1.0 Author-Name: Mitch Kramer Title: SOCIAL MEDIA NETWORKING AND THE IMPACT IT HAS ON ENTERPRISE APPLICATION SOFTWARE Abstract: Social Media networking has become an integral part of daily life for both individuals and organizations. This paper will look at how Social Media plays a vital role in organizations. It will show how corporations use these Social Media networking websites, and how it correlates to their Enterprise Application Software including Customer Relationship Management and Enterprise Resource Planning systems. In addition, it will explain how corporations are growing their Social Media presence by acquiring other corporations and companies. A summary of results from a study conducted on the views of business professionals with regard to Social Media will also be presented Classification-JEL: D83, L86, M10, M20, M30, M40, M50 Keywords: Social Media Networking, Enterprise Application Software, Customer Relationship Management (CRM), Enterprise Resource Planning (ERP) Journal: Global Journal of Business Research Pages: 37-45 Volume: 13 Issue: 2 Year: 2019 File-URL: http://www.theibfr2.com/RePEc/ibf/gjbres/gjbr-v13n2-2019/GJBR -V13N2-2019-3.pdf File-Format: Application/pdf Handle: RePEc:ibf:gjbres:v:13:y:2019:i:2:p:37-45 Template-Type: ReDIF-Article 1.0 Author-Name: Sara Lilia Garcia Perez Author-Name: Alejandra Garcia Perez Author-Name: Patricia Delgadillo Gomez Author-Name: Adriana Mercedes Ruiz Reynoso Title: FINANCIAL TOOLS AND BUSINESS GROWTH: EVIDENCE FROM VALLE DE MÉXICO Abstract: In México, micro, small and medium-sized enterprises (MSMEs) represenet 99.80% of economic units and employ 74% of the population. However, the percentage of gross production is just 35.90%. This implies that, despite their strong presence in the indicators of economic units and jobs generated, their assets are limited and there are insufficient financial resources or inadequate financial management. This study was performed in the Valle de México metropolitan area, which covers the two federative entities with the highest number of economic units, population and gross domestic product. We examine a sample firms of MSMEs in the metropolitan area to apply financial tools and identify the effect on growth and its economic-financial situation. The research was qualitative and includes six sample firms of different MSMEs which were analyzed through three stages: diagnosis, proposal and implementation of financial tools and evaluation. Data was obtained through in-depth interviews, six-month observations and analysis of financial information. Each case study showed a different situation. In most situations favorable results were obtained in administrative control yet, the growth was still not observed in most MSMEs Classification-JEL: G30, M10, O12 Keywords:Financial Tools, Business Growth, Msmes, Finance Management Journal: Global Journal of Business Research Pages: 47-59 Volume: 13 Issue: 2 Year: 2019 File-URL: http://www.theibfr2.com/RePEc/ibf/gjbres/gjbr-v13n2-2019/GJBR -V13N2-2019-4.pdf File-Format: Application/pdf Handle: RePEc:ibf:gjbres:v:13:y:2019:i:2:p:47-59 Template-Type: ReDIF-Article 1.0 Author-Name: Azucena Leticia Herrera Aguado Author-Name: Jorge Gonzalez Title: EMPIRICAL EVIDENCE ON LABOR PROFILE COMPETENCIES OF MEXICAN IMMIGRANTS TO THE UNITED STATES OF AMERICA Abstract: The immigration of Mexicans to the United States of America (USA) has led to migration policy problems in both countries, with ethical, social, human, health and labor implications. For this and other reasons, bilateral relations between these countries have long-standing legal needs. There is a need to find formulas and solutions to confront multiple challenges and opportunities. This research examines the professional profile of Mexican immigrants to the USA. We describe the qualitative, quantitative, exploratory and descriptive case method we employed in a pilot survey we applied in the Rio Grande Valley (RGV) of Texas and on a study of immigrants visiting their villages in Central Mexico. The result of our study is the Competency Based Human Resource Management (HRM) Model, which consists of 12 core competences that comprise the job profile of Mexican immigrants to the USA. This Human Resource Management (HRM) Competency Model is a theoretical contribution to the management field. Our goal is to make it available for use by public and private organizations to assess and implement public programs addressing emergencies in labor insertion and reinsertion of Mexican migrants on both sides of the USA-Mexico border. Classification-JEL: M120, M510 Keywords: Competencies, Job Profile, Immigrants, Human Resource Management Journal: Global Journal of Business Research Pages: 61-79 Volume: 13 Issue: 2 Year: 2019 File-URL: http://www.theibfr2.com/RePEc/ibf/gjbres/gjbr-v13n2-2019/GJBR -V13N2-2019-5.pdf File-Format: Application/pdf Handle: RePEc:ibf:gjbres:v:13:y:2019:i:2:p:61-79 Template-Type: ReDIF-Article 1.0 Author-Name: Elodie Deprince Author-Name: Angy Geerts Title: EVIDENCE ON EXPECTATIONS OF LUXURY VS NONLUXURY CONSUMERS ON FACEBOOK LUXURY BRAND PAGES Abstract: Luxury has been reluctant to Internet strategies due to its willingness to stay rare and exclusive. When it comes to social media, these brands rely even more on a concept of accessibility. However, luxury brands have more recently incorporated social media into their marketing strategies. Today, the majority of brands are present in social media. This raise the question of luxury brands follower expectations. On the basis of a literature review, a two-fold methodology including in-depth interviews with luxury consumers and a focus group with non-consumers, this research aims to identify the main expectations of luxury consumers and non-consumers on Facebook pages. The results identify the existence of two categories of persons regarding their expectations towards luxury brands Facebook pages: The “Facebook Enthusiasts” and the “Facebook Opportunists.” The identification of these two categories should help brands adapt the content of their Facebook pages Classification-JEL: M31 Keywords: Luxury Brands, Facebook, Websites, Expectations Journal: Global Journal of Business Research Pages: 81-94 Volume: 13 Issue: 2 Year: 2019 File-URL: http://www.theibfr2.com/RePEc/ibf/gjbres/gjbr-v13n2-2019/GJBR -V13N2-2019-6.pdf File-Format: Application/pdf Handle: RePEc:ibf:gjbres:v:13:y:2019:i:2:p:81-94 Template-Type: ReDIF-Article 1.0 Author-Name: Jeffry Haber Title: CAN ACTIVE FUND MANAGERS BE REPLACED WITH EXCHANGE TRADED FUNDS? Abstract: There is a long-standing debate about whether active investment management can outperform a passive benchmark, usually expressed as an index. The debate is usually considered on the manager-level, comparing the active management return of a particular manager against an appropriate index. This paper looks at the topic on a portfolio level. Using the average asset allocation of a large, private foundation, this paper replaces managers with exchange traded funds that invest in a similar strategy. For 2017 the average portfolio return of the average, large private foundation (the actively managed portfolio) produced an average return of 14.3% compared to the portfolio comprised of exchange traded funds (the passively managed portfolio) produced a return of 11.9%. The active portfolio outperformed the exchange traded fund portfolio across every broad asset class Classification-JEL: G11 Keywords: Active Investing, Passive Investing, ETFs, Active Versus Passive Investing Journal: Global Journal of Business Research Pages: 95-105 Volume: 13 Issue: 2 Year: 2019 File-URL: http://www.theibfr2.com/RePEc/ibf/gjbres/gjbr-v13n2-2019/GJBR -V13N2-2019-7.pdf File-Format: Application/pdf Handle: RePEc:ibf:gjbres:v:13:y:2019:i:2:p:95-105