Template-Type: ReDIF-Article 1.0 Author-Name: Hwei Cheng Wang Author-Name: Hsain-Jane Chang Title: THE ASSOCIATION BETWEEN ACCOUNTING INFORMATION DISCLOSURE AND STOCK PRICE Abstract: This study examines whether higher information disclosure firms have higher associations with accounting returns (EPS) and stock prices based on the Ohlson (1995) model. Survey results on information disclosure and transparency of Taiwan firms in 2004 were obtained from the Taiwan SEC. The results indicate that firms with high levels of information disclosure have a higher association between accounting earning and stock market price than firms with low levels of information disclosure. In addition, the results provide evidence that there is a positively significant relationship between book value and stock price as well as between earnings per share and stock price Classification-JEL: G30, M41, M48, D82 Keywords: Journal: Global Journal of Business Research Pages: 1-10 Volume: 2 Issue: 2 Year: 2008 File-URL: http://www.theibfr2.com/RePEc/ibf/gjbres/gjbr-v2n2-2008/GJBR-V2N2-2008-1.pdf File-Format: Application/pdf Handle: RePEc:ibf:gjbres:v:2:y:2008:i:2:p:1-10 Template-Type: ReDIF-Article 1.0 Author-Name: Eddy Junarsin Author-Name: Eduardus Tandelilin Title: THE INFLUENCE OF INVESTMENT HORIZON ON EXPECTED RETURNS AND RISK PERCEPTION: EVIDENCE FROM THE INDONESIAN MARKET Abstract: This study analyzes the investment horizon from a behavioral point of view by examining the overall influence of different investment horizons on expected returns and risk perception in Indonesia. We used students of Master of Science, Master of Management, and Doctorate Programs at the Faculty of Economics and Business, Universitas Gadjah Mada, Indonesia as the sample in this research. Of the 217 questionnaires delivered, 172 questionnaires were completed, and hence were utilized in this study. We found that the respondents tend to overestimate the investment returns in shorter investment horizon, and tend to underestimate the expected returns in longer investment horizon. The participants tend to underestimate the long-term risk while overestimating the short-term risk. They also tend to assess lower subjective risk in longer horizon and are significantly inclined to forecast higher risk-adjusted expected returns in long investment horizon than those in short investment horizon. Classification-JEL: G11, G15, C15 Keywords: Journal: Global Journal of Business Research Pages: 11-30 Volume: 2 Issue: 2 Year: 2008 File-URL: http://www.theibfr2.com/RePEc/ibf/gjbres/gjbr-v2n2-2008/GJBR-V2N2-2008-2.pdf File-Format: Application/pdf Handle: RePEc:ibf:gjbres:v:2:y:2008:i:2:p:11-30 Template-Type: ReDIF-Article 1.0 Author-Name: Rachel Edgington Author-Name: Grady Bruce Title: ORGANIZATIONAL CULTURE: PREFERENCES AND REALITIES Abstract: An understanding of the organizational cultural preferences of new hires is required in order to achieve a person-organization fit—the key to reducing job turnover and maintaining a committed workforce. In addition, because all organizations socialize new hires (formally or informally) to understand the way things are done around here, a knowledge of preferences that are changeable—and those that are not— is both valuable and necessary. In this study we have provided findings on both the changeability of preferences through organizational socialization, as well as findings on differences in preferences across five world regions, across four countries in two world regions (Europe and Asia), and across countries within a world region (Latin America)—all with an emphasis on graduates with MBA degrees. Classification-JEL: D23, M12, M14, M16, M51,M53,M54 Keywords: Journal: Global Journal of Business Research Pages: 31-47 Volume: 2 Issue: 2 Year: 2008 File-URL: http://www.theibfr2.com/RePEc/ibf/gjbres/gjbr-v2n2-2008/GJBR-V2N2-2008-3.pdf File-Format: Application/pdf Handle: RePEc:ibf:gjbres:v:2:y:2008:i:2:p:31-47 Template-Type: ReDIF-Article 1.0 Author-Name: Sid Howard Credle Author-Name: Sharad Maheshwari Author-Name: Janelle Pridgen Davenport Title: AN ALTERNATIVE RANKING METHODOLOGY OF THE BEST COLLEGES AND UNIVERSITIES FOR AFRICAN-AMERICANS Abstract: For an African-American, choosing the best college or university is important since the choice of college includes the complex decision of whether to attend one of the nation’s 89, 4-year Historically Black Colleges or Universities (HBCU) or a Traditionally White Institution (TWI). Numerous periodicals publish annual rankings of the nation’s best colleges. Black Enterprise magazine (BE) focuses on the best colleges for African-Americans. Recently, BE’s rankings were criticized by the editors of the Journal of Blacks in Higher Education (JBHE 2005) for stacking the deck in favor of HBCUs by applying a low weight to important factors such as retention and graduation rates. This study uses a variation of the College-Football Success Model (Walker, Keogh, & Civils, 2006), to determine the rankings of the best universities for African Americans. With this model we also answer the question; what type of institution, the HBCU or the TWI, is the best college choice for African-Americans? The results collected on 411 of the most influential African-Americans in the country, indicate that HBCUs with approximately 32 percent of undergraduate degrees conferred nationally produced 156 of the 411 (or 38%) most influential African-Americans in 2005. It was also found that although HBCUs represent only 4 percent of the nation’s approximately 1,800 four year colleges, 52 (or 26%) of the 202 undergraduate schools attended by these individuals were HBCUs. The study also indicates that there is no difference between HBCUs and TWIs in the movement of graduates into top-quality graduate schools. Classification-JEL: I21, I23 Keywords: Journal: Global Journal of Business Research Pages: 49-66 Volume: 2 Issue: 2 Year: 2008 File-URL: http://www.theibfr2.com/RePEc/ibf/gjbres/gjbr-v2n2-2008/GJBR-V2N2-2008-4.pdf File-Format: Application/pdf Handle: RePEc:ibf:gjbres:v:2:y:2008:i:2:p:49-66 Template-Type: ReDIF-Article 1.0 Author-Name: Osabuohien Evans S.C Title: ICT AND NIGERIAN BANKS REFORMS: ANALYSIS OF ANTICIPATED IMPACTS IN SELECTED BANKS Abstract: Banking has become highly Information Communication Technology (ICT) based and due to its intersectoral link, is reaping the benefits of technological revolution as evidenced by its application in most of its operations. This study empirical analyzes the anticipated role ICT has in enhancing the operations of selected Nigerian banks in the light of current reforms. Primary data was employed, which was analyzed using cross-tabulations and regression technique built on the framework of technical progress. Factors such as bankers’ age, educational qualification, computer literacy and type of ICT gadgets, were found to influence banks’ degree of ICT usage, while ICT impacts significantly the speed of banking operations, productivity and profitability. The need for banks to regularly train their workers, and procure quality ICT gadgets, which will enhance efficiency, etc, was stressed. This is crucial in the sector’s current reforms where attention is focused on the ability of banks to attract and retain customers, which is primarily accomplished through efficient service delivery. Classification-JEL: G21, G28 M41 Keywords: Journal: Global Journal of Business Research Pages: 67-76 Volume: 2 Issue: 2 Year: 2008 File-URL: http://www.theibfr2.com/RePEc/ibf/gjbres/gjbr-v2n2-2008/GJBR-V2N2-2008-5.pdf File-Format: Application/pdf Handle: RePEc:ibf:gjbres:v:2:y:2008:i:2:p:67-76 Template-Type: ReDIF-Article 1.0 Author-Name: Charley Tichenor Author-Name: Bobby Davis Title: THE APPLICABILITY OF BENFORD’S LAW TO THE BUYING BEHAVIOR OF FOREIGN MILITARY SALES CUSTOMERS Abstract: The forces of natural law selection prompt animal species to make preference decisions to maximize their survival utility. Those species making decisions in this way survive, and those which do not tend towards extinction. This process appears to follow a decreasing marginal utility trend with a logarithmic probability distribution, which is identical to Benford’s Law. This suggests that Benford’s Law is a descriptive statistic of this natural selection process. Additionally, the customers of the Defense Security Cooperation Agency’s foreign military sales program presumably also attempt to optimize their survival utility, and exhibit purchasing patterns correlating strongly with Benford’s Law. The purpose of this paper is to examine how a mathematical phenomenon, Benford’s Law, may prove to be a useful means of understanding the buying behavior of DSCA’s foreign customers. This paper also suggests an informal proof of Benford’s Law. Classification-JEL: C44, M31 Keywords: Journal: Global Journal of Business Research Pages: 77-85 Volume: 2 Issue: 2 Year: 2008 File-URL: http://www.theibfr2.com/RePEc/ibf/gjbres/gjbr-v2n2-2008/GJBR-V2N2-2008-6.pdf File-Format: Application/pdf Handle: RePEc:ibf:gjbres:v:2:y:2008:i:2:p:77-85 Template-Type: ReDIF-Article 1.0 Author-Name: Sen-Ji Chen Author-Name: Frank F. C. Pan Author-Name: Hsuen C. H. Chen Title: INTEGRATING SIX-SIGMA AND HEALTHCARE QUALITY IMPROVEMENT CIRCLES IN REDUCING THE NEEDLE STICKING Abstract: Six-Sigma (SS) is a managerial philosophy used in detecting the error rate of a particular (set) of activities. This research applies six sigma concepts in dealing with troublesome needle-stick events that occurred in a Taiwan hospital. This research integrates several advanced managerial instruments into one framework, grounded in Continuous Quality Improvement and Total Quality Management. This framework combines Six-Sigma and Health Quality Improvement circle practices. The project suggests preparing a needle-recapping stand and appropriate training on its use. When the stand was implemented in a Taiwan hospital the accident rate decrease significantly. Classification-JEL: I12, I18 Keywords: Journal: Global Journal of Business Research Pages: 87-95 Volume: 2 Issue: 2 Year: 2008 File-URL: http://www.theibfr2.com/RePEc/ibf/gjbres/gjbr-v2n2-2008/GJBR-V2N2-2008-7.pdf File-Format: Application/pdf Handle: RePEc:ibf:gjbres:v:2:y:2008:i:2:p:87-95 Template-Type: ReDIF-Article 1.0 Author-Name: Victor Lewis Author-Name: Maryam Davodi-Far Title: IS COMMUNITY JUSTICE A VIABLE ALTERNATIVE TO CRIMINAL JUSTICE AND DOES IT CONTRIBUTE TO THE LOCAL BUSINESS ECONOMY? Abstract: Local communities are suffering extreme financial and economic hardships due to falling revenues and increased expenditures and therefore must seek alternate means to balance their budgets. A very large expenditure that must be borne by every community is the administration of the Criminal Justice System. As a result, many communities are trying to develop a more proactive approach to fighting crime by undertaking new and innovative approaches to solving their worsening crime problems and at the same time, substantially lower their costs. This new approach is called Community Justice. Criminal Justice is traditionally defined as The apprehension, conviction and punishment of offenders. Community Justice goes beyond these three tasks and uses three innovative approaches as a way to prevent crime before the Criminal Justice system comes into play with all of its associated costs, thereby saving valuable funds that can be used elsewhere. These three innovative approaches are Community Policing, Environmental Crime Prevention and Restorative Justice. In addition, Community Justice is based on a problem solving method utilizing neighborhood-based approaches for reducing crime and increasing public safety rather than the adversarial or retributive strategies used in the Criminal Justice system At the same time, Community Justice seeks to reduce the burden that the Criminal Justice System places on local areas through taxes. This paper will explore and review the differences between the two systems, the relevant research on both systems and the cost savings to be gained. Classification-JEL: H83, K14, K42 Keywords: Journal: Global Journal of Business Research Pages: 97-105 Volume: 2 Issue: 2 Year: 2008 File-URL: http://www.theibfr2.com/RePEc/ibf/gjbres/gjbr-v2n2-2008/GJBR-V2N2-2008-8.pdf File-Format: Application/pdf Handle: RePEc:ibf:gjbres:v:2:y:2008:i:2:p:97-105 Template-Type: ReDIF-Article 1.0 Author-Name: Yuliya V. Ivanova Title: TEACHING CAPITALISM IN THE COUNTRY THAT REINSTATED SOCIALISM Abstract: The purpose of this exploratory study is two-fold. The first objective is to analyze the environment and opportunities for capitalist-oriented business education in Belarus, the former Soviet country that has chosen the reestablishment of state control and political dictatorship as a viable platform for its transition economy (Aslund, 2002). The second objective is to examine successful business instruction in a unique setting such as Belarus to help educators world-wide understand techniques available for tailoring business education to each programs’ individual needs. These unique needs can be determined by a variety of factors including location, population, economic orientation, and local belief systems. The paper presents a case study of the Institute for Privatization and Management (IPM), an institution that has successfully provided capitalist-oriented business education in Belarus for 15 years. Process tracing and controllable comparison are the methods of inquiry. The paper presents a historical overview of IPM development, its curriculum, teaching methodology, and implications of the IPM experience for any educational program that is addressing the needs of the non-traditional businessman. Classification-JEL: A1, A22, A23 P1 Keywords: Journal: Global Journal of Business Research Pages: 107-122 Volume: 2 Issue: 2 Year: 2008 File-URL: http://www.theibfr2.com/RePEc/ibf/gjbres/gjbr-v2n2-2008/GJBR-V2N2-2008-9.pdf File-Format: Application/pdf Handle: RePEc:ibf:gjbres:v:2:y:2008:i:2:p:107-122 Template-Type: ReDIF-Article 1.0 Author-Name: Laurence Attuel-Mendes Author-Name: Arvind Ashta Title: FRENCH LEGISLATION AND THE DEVELOPMENT OF CREDIT AVAILABILITY FOR MICROENTERPRISE Abstract: The failures of the socialist model, evidenced by high unemployment, have led France to reorient itself towards more enterprise creation. These entrepreneurial ventures require financing. However, bankers do not want to assume the high risk of newly created enterprises. Moreover, small entrepreneurs who do manage to get financing may find themselves rationed at the margin if the rate of credit is capped by the legislature. Concurrently, the growth of microfinance in the world has shown that innovative techniques can increase credit availability, without unduly high risk. However, such increased credit availability may not materialize if credit rates are capped by usury laws, as it was in France. This paper traces out a number of legislative changes that took place in France in the last five years, focusing especially on usury laws and other barriers to credit. It places these legislative changes in a perspective of Western Europe’s socialist model, comparing legislation on credit and usury in a number of developed countries. It also examines if these legislative changes have been accompanied by the desired impact. Finally, it examines alternative future legislative evolution possibilities. Classification-JEL: D45, D53, E22, E4, G18, I38, K20, K29, N10, N20 Keywords: Journal: Global Journal of Business Research Pages: 123-137 Volume: 2 Issue: 2 Year: 2008 File-URL: http://www.theibfr2.com/RePEc/ibf/gjbres/gjbr-v2n2-2008/GJBR-V2N2-2008-10.pdf File-Format: Application/pdf Handle: RePEc:ibf:gjbres:v:2:y:2008:i:2:p:123-137 Template-Type: ReDIF-Article 1.0 Author-Name: Patrick J. Montana Author-Name: Francis Petit Title: MOTIVATING GENERATION X AND Y ON THE JOB AND PREPARING Z Abstract: The intersection of diverse cultural generations in the workplace has significant managing, marketing and particularly motivating implications for business executives. This study examines the factors that motivate Generations X and Y and those factors that will be affecting Generation Z. Moreover, it shows how these factors have changed over time in comparison with the Baby Boomer Generations. Classification-JEL: M12 Keywords: Journal: Global Journal of Business Research Pages: 139-148 Volume: 2 Issue: 2 Year: 2008 File-URL: http://www.theibfr2.com/RePEc/ibf/gjbres/gjbr-v2n2-2008/GJBR-V2N2-2008-11.pdf File-Format: Application/pdf Handle: RePEc:ibf:gjbres:v:2:y:2008:i:2:p:139-148