Political Instability, Investment and Economic Growth | Chapter 13 | Emerging Issues and Development in Economics and Trade Vol. 2

The objective of this chapter is to identify the effect of political instability on investment and economic growth. By using a dynamic balanced panel data model applied on annual data from 11 countries from the Middle East and North Africa (MENA) region over the period of 2000 to 2009. The political instability’ effect on the contribution of investment to economic growth has been the subject of a second empirical study using a simultaneous equation model conducted on a sample of 33 countries over the period 2000-2015.The main outcomes drawn by these two empirical tests prove that there is no effect of political instability on investment and economic growth and a negative interaction between political instability and investment. This finding confirms the idea that the importance of political institutions lies in the preparation of good economic institutions. Thus, political institutions indirectly influence economic performance.

Author(s) Details

Zouhaier Hadhek
Higher Institut of Management (ISG) of Gabès, Tunisia.

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The Influence of the Emotional Intelligence on Self Monitoring | Chapter 12 | Emerging Issues and Development in Economics and Trade Vol. 2

Self monitoring is an ability to consciously observe and regulate one’s own behaviour. Incorporating self monitoring in today’s research and practice is beginning to yield a better understanding of how organizational processes are substantially affected by individual issues of how they are seen by others. Especially in service industries, the effect of outcome of interactions of the employees with the clients is an inevitable part of portraying their identity. Most of the actions in the service industry having a legal importance, it is highly essential that controlled image presentation should not cause any deceptions. Hence, it is essential that the employees should know how they present themselves and be able to use self monitoring in the best way possible by them. There are two approaches to the measurement of emotional intelligence: as a mental ability or as a personality trait. Emotional intelligence is the capacity for recognizing our own feelings and those of others, for motivating ourselves, and for managing emotions effectively in ourselves and others. The findings of this study confirm that emotional intelligence is related to self monitoring behaviour. This understanding can contribute to practitioners in the areas of recruitment and in assessing the training needs of healthcare professionals.

Author(s) Details

C. Sandhya Rani
Adjunct Faculty, Work Integrated Learning Program Division, Birla Institute of Technology & Science, Pilani, Hyderabad Campus, Jawahar Nagar, Kapra Mandal Medchal District – 500078, Telegana State, India.

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Emotions Felt toward a Brand and Customer Loyalty: Study of Mobile Phone Brands | Chapter 11 | Emerging Issues and Development in Economics and Trade Vol. 2

Recently, a firm that wants to conquer and keep its customers is expected to invest in the emotional value of its brand. Thus, the fact of eliciting the emotions of customers has become a challenge to develop a close emotional and behavioral resistance to change. This research work aims to study the role of emotions felt toward a brand in the formation and preservation of the relationship between the customer and the brand. A conceptual model is developed to examine the relationships between emotional attraction, emotional sensitivity, emotions felt (affection, passion, connection), emotional attachment and customer loyalty. The method of Structural Equation Modeling (SEM) is employed to test the research hypotheses. A quantitative study is conducted involving 480 Tunisian customers of mobile phone brands. The findings of this study indicate that the emotional attraction as well as the level of emotional sensitivity of customer influence positively his emotions felt toward a brand of mobile phone. These emotions predict an emotional attachment and a commitment toward the brand. Such commitment is vital to develop a loyalty of customer. This study provides significant managerial insights for marketers in order to formulate an effective communication strategy of their brands based on the seduction of customer emotions.

Author(s) Details

Zohra Ghali-Zinoubi
Department of Business Administration, College of Administrative and Financial Sciences, Saudi Electronic University, KSA and Department of Marketing, Higher Institute of Management, University of Tunis, Tunisia.

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The Impact of Information Technology on Total Factor Productivity | Chapter 10 | Emerging Issues and Development in Economics and Trade Vol. 2

This paper employs the manufacturing firm-level data of Taiwan to explore the issue of whether information technology investment brings about the Solow productivity paradox. In order to consider the improvement of product quality caused by information technology investment, a hedonic price index is used to deflate the information technology variable. Besides the general specification of Cobb-Douglas production function, this paper considers the impact of information technology on total factor productivity, capital and labor productivity through substitution by applying a non-neutral production function.

Author(s) Details

Ting-Kun Liu
Department of Finance, Chaoyang University of Technology, 168, Jifeng E. Rd., Wufeng District, Taichung, 41349, Taiwan, R.O.C.

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The Relationship of the Organizational Structure and Application of Efficient Human Resource Management in a Serbian Public Services | Chapter 09 | Emerging Issues and Development in Economics and Trade Vol. 2

The intellectual capital of an organization in modern business has become a key factor in contemporary market competition. In order to remain competitive, companies must own, build and maintain human resources that become rare, irreplaceable and difficult to copy. In recent years, the interest in the field of human resource management (HRM) is increasing. This study is an attempt to investigate the level of appropriateness of the organizational structure of public services in Serbia for the implementation of effective HRM. The basis of the research were the employees in public services in the territory of Srem, one of the regions in Serbia. Basic assumption was that there is a significant correlation between the type of organizational structure and success of HRM application in public services and this study has proven it. Research and analysis of the results obtained have indicated that present centralized organizational structure and high hierarchical management of public services do not represent a suitable basis for successful realization of HRM, and at the same time, the relevant factors that have negative impact of HRM success were identified.

Author(s) Details

Dr. Borislav Kolarić
Faculty of management, Sremski Karlovci, Serbia.

Dr. Leposava Grubić Nešić
Faculty of Technical Sciences, Novi Sad, Serbia.

Dr. Slobodan Radojčić
Municipality of Irig, Irig, Serbia.

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Internal Audit in Public Finance Sector Units in Poland – Research Results | Chapter 08 | Emerging Issues and Development in Economics and Trade Vol. 2

The aim of this paper is general characteristics of internal audit as an instrument for supporting management and presentation of the results of research conducted in selected public finance sector entities in Poland. It is a pilot phase. The main idea behind this study is to present the experiences of the public finance sector entities in relation to internal audit implementation. The research was conducted with the use of the method of the primary literature reviewing and a research survey in the period of time from May to September 2015.

The results of the conducted research indicate that the organization and operating of internal audit in most cases conformed with the relevant law, and the measures adopted enabled auditors to act independently. The analysed entities were and still are interested in internal auditing. In most of the entities their financial, operating and information activities – also important for the entities – were audited. Although most of the analysed entities indicated significant advantages of internal auditing, some of them drew attention to major flaws, which influenced the quality of auditing.

Author(s) Details

Jolanta Maria Ciak
Department of Management and Finance, Institute of Finance, WSB University, Torun, Poland.

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The Innovation as Point of Growth of SME’S (Cross Cultural CHINA and MEXICO) | Chapter 07 | Emerging Issues and Development in Economics and Trade Vol. 2

Based on the importance of the SME’s at Mundial level, and due to the high mortality rate of the SME’s in China and Mexico, in the present paper is made an articles compilation referred to Innovation strategies for SME’s develop and growth in China and Mexico, with the purpose to analyze and compare them in order to identify the problems that Mexican and Chinese SME’s have, for to detect the similarities and differences and  identify the strategies managed in both countries; the analysis show some Innovation strategies used in China and not in Mexico and vice versa, information that could be useful for to complement the management approach of the SME’s in China and Mexico for to develop and make growth the SME’s.

Author(s) Details

Jesús Salvador Vivanco Florido
University of Aguascalientes Mexico, Mexico.

David Cabral Olmos
University of Aguascalientes Mexico, Mexico.

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Reverse Mortgages: Challenging the Trade-off between Financial and Real Assets | Chapter 06 | Emerging Issues and Development in Economics and Trade Vol. 2

The aim of this paper is to question whether it still makes sense to feel attracted by the trade-off between financial and real assets, based upon the main features of reverse mortgages. Towards this ambitious goal, useful insights can be gained by exploring Italy’s recent legislation regarding these loans: on one hand, new opportunities to borrow have been made available, that are secured by home equity and that represent strategic options for financial management purposes, despite some criticism and limited adoption so far; on the other hand, homeowners are encouraged to reconsider their residential property as a way not only to satisfy their housing needs but also to achieve higher standards of living, especially after retirement. Within this framework, the trend towards increasing globalization has made traditional keys of classification obsolete; therefore, total wealth management should be focused on, rather than paying as much attention as in the past to portfolios consisting of securities alone. Conclusions sound like an invitation to devote unprecedented energies to financial counseling and education, in order to increase individual investors’ awareness and help them to make more informed decisions about their asset allocation, particularly in the later stages of their life cycle.

Author(s) Details

Margherita Mori
Department of Industrial and Information Engineering, and of Economics, University of L’Aquila, Via Giuseppe Mezzanotte, 67100 L’Aquila, Italy.

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Reality Television and the Influence of Gender on Decision Behavior in Business Situations: A Study on Gender Influence on Decision Behavior in The Apprentice with Donald Trump | Chapter 05 | Emerging Issues and Development in Economics and Trade Vol. 2

The Apprentice with Donald Trump has become one of the most popular reality television shows. It is based on business and management situations. Business schools around the country have used The Apprentice as a teaching tool for case studies in classrooms. The purpose of this study was to investigate the influence of gender and its role in termination decisions. This research is the result of a four-year study on management decisions on termination in Donald Trump’s The Apprentice. This crosstab analysis was conducted with three independent focus groups using The Apprentice. The results of this study can assist researchers to ascertain whether gender is plays an influence on management decisions in business. This focus study of business professionals and MBA students (aged 18 to 50). A sample of (N=299) participants were used for the focus groups. The participants viewed various episodes of The Apprentice and were administered a survey based on their observations and decisions. The participants viewed various episodes of The Apprentice and were administered a survey based on their observations and decisions. There were three key findings from the study. First, the findings of the study indicate there were some significant gender differences with firing individuals based on viewing the reality television show. Second, the findings indicate gender is a strong predictor variable in termination decisions. Last, in addition, between males and females, male participants’ mean and standard deviation coefficients were higher. The conclusions of the study indicate that management researchers and practitioners should, however, carefully evaluate gender and its influence on management decisions in business decisions.

Author(s) Details

D. Anthony Miles
School of Business and Leadership, Our Lady of the Lake University, USA.

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Comparison between Democratic and Autocratic Countries | Chapter 04 | Emerging Issues and Development in Economics and Trade Vol. 2

Democratic and autocratic countries are determined by democracy index which is introduced by Economist Intelligence Unit and has been calculated since 2006 for 167 countries covering almost the entire population of the world. The Democracy index is based on five factors: Electoral process and pluralism; civil liberties; the functioning of government; political participation; and political culture. These 167 countries are divided into one of four categories: Full democracy; flawed democracy; hybrid regime; and authoritarian regime or autocracy. This chapter deals with comparative study between full democratic and autocratic countries based on different social indicators such as literacy rate, unemployment rate, per capita GDP, birth rate, death rate, fertility rate, divorce rate, murder rate etc. It is observed that per capita GDP and literacy rate of full democratic countries are significantly higher than that of autocratic countries. Unemployment rate, murder rate, fertility rate crude birth rate and divorce rate of full democratic countries are significantly lower than that of autocratic countries. No significant difference was observed for crude death rate between democratic and autocratic countries.

Author(s) Details

M. Shafiqur Rahman
Department of Operations Management and Business Statistics, College of Economics and Political Science, Sultan Qaboos University Muscat, Sultanate of Oman.

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