..

Volumen 7, Asunto 2 (2016)

Artículo de investigación

Challenges in Financing Small and Medium Enterprises in Palestine

Mohammed Bayyoud and Sayyad N

The purpose of the study attempts to analyze the obstacles and challenges that face small and medium enterprises in Palestine. This study seeks to look at the importance of small and medium enterprises, and to identify the most important constraints faced by small entrepreneurs in obtaining the required funding in Palestine, and what are the most important impediments toward financing of small projects. The investigation helped in identifying the major challenges of financing small and medium business and what to do in order to overcome these obstacles. It was also found that small enterprises are one of the most important key elements in achieving economic development in all countries of the world where it accounts for the highest percentage among all kinds of economic projects of all sizes. A qualitative closed-ended survey was carried out for collecting data from managers and owners of 35 businesses in Palestine. The responses of 28 statements were collected in five different categories. The findings showed that the Obstacles facing the growth of small enterprises in Palestine by respondents was “Weakness of representative organizations that defend the interests of small businesses, as well as Lack of legal frameworks and incentives for small businesses.

Comunicación corta

Rational Finance, "Caput Mundi" Money: A Global Deception

Fabrizio Pezzani

Today we study finance instead of economics and the Nobel Prize that the Swedish Academy invented for the latter in 1969, funded by its national bank, laid out the "red carpet" to replace economics with finance that is instead a derivative thereof. We have eradicated the principle of long term economics and 500 years of accountancy with shorttime liquidity. Rational finance and "caput mundi money" was created with absent and even illegitimate logical and scientific foundations. We here attempt to reconstruct the process underlying this "global deception".
Artículo de investigación

An Analysis of Educational Quality of Universities in the North of Vietnam

Bui Thi Thanh Huong, Nguyen Thi Thu Ha and Nguyen Van Huy

The aim of this study is to find the solutions of quality improvement for selected leading universities in the North of Vietnam. The authors collected data from parents, staffs, government officer, industrial experts, etc. This study used Likert scale of five. From the results of hypotheses, the author found the relationships among variables. Based on that point of view, the author proposed general recommendations for university and leaders and the suggestion for each stakeholder in education. In terms of important findings, finding dimensions and analyzing their relationships contribute to the evaluation of educational quality in North of Vietnam.

Artículo de investigación

Outbound Logistics Performance and Profitability: Taxonomy of Manufacturing and Service Organizations

Matthew J. Liberatore and Tan Miller

This paper develops a taxonomy of manufacturing and service firms formed by their emphasis on different key performance metrics to monitor and manage the outbound logistics portion of the supply chain. Furthermore, this study determines whether the use of specific key metrics by firms in these different classifications varies by industry, and what effect, if any, the varying emphases on different key performance metrics within classifications have on firm financial performance. The original data for this study were obtained from SAPs Benchmarking Program for Supply Chain Planning and utilizes performance metrics data from 247 manufacturing and service firms. Cluster analysis was used to develop a taxonomy based on the outbound logistics metrics. Four clusters were found to be distinct and well-formed and emphasize different sets of outbound logistics performance metrics. The clusters were named Inventory Investment Minimizers; Low Cost, Low Service Providers; Planners and Efficient Distribution Spenders; and Heavy Distribution Spenders. This study evaluated whether the emphasis on specific sets of outbound logistics performance metrics tends to be associated with firms in specific industries, and whether differences in firm financial performance, as measured by net operating margin, were found across clusters. This is the first effort to investigate whether a taxonomy of firms can be developed based on the firms’ use of different performance metrics to monitor and manage outbound logistics.

Artículo de investigación

Closing the Gender Gap in the Field of Economics in Vietnam

Nguyen Thi Thu Ha, Nguyen Thu Ha and Pham Thi Mai Huong

Gender equality is not only the goal, but also a big challenge in the development of nations, especially the developing countries. Vietnam has gained some achievements in the gender equality, but the gender gaps in economic fields still exist and negatively impact on the socio-economic development. This study used the qualitative research methods and found the root causes of the gender gap in economic fields that is the wrong bias about the gender in society and due to the lack of effective policies. Basing on the analysis results of the situation, the study proposed some policy implications directly impacting on the situation of the gender inequity in economic fields, in order to narrow the gender gap in this field of Vietnam.

Artículo de investigación

Barnacles

Kevin Sigler

Growing bureaucracy in government organizations and academic institutions has driven costs through the roof. The individuals who benefit in this environment are the managers of these bureaucracies – the members of Congress on the federal level and the administrators inside Universities. Life is great for the chosen ones. They are barnacles of the system driving up costs of their organizations that are paid for by average citizens and students seeking higher education.
Artículo de investigación

Structural Factors Affecting International Trade Growth in Iran

Farsi JY, Moradi MA, Jandoust A and Esfandabadi HM

Assuming that the future of the country is affected by the activities of nascent ventures today and considering that the establishment of such ventures is one of the aims of governments to improve and ensure a growing economy, it would seem a helpful resolution to encourage infiltration into foreign markets which would result in the prosperity of nascent ventures. Therefore, 32 structural factors affecting the growth of foreign trade were extracted from the related literature and classified according to the context, content and process dimensions. The mental patterns of 40 active exporters were analyzed using the Q-method and the important factors affecting foreign trade were extracted from their mental patterns. The research findings indicate that 9 major factors (international regulations, international policies, developing international infrastructures, developing the infrastructures of the country, service and support, exchange policies; domestic rules and regulations, trends and management) correspond to the three major dimensions. Achieved through reviewing the latest literature, the results can help government policy-makers with decision-making and prioritizing policies for each respective dimension.

Artículo de investigación

Does Financial Development Spur Macroeconomic Policy Efficiency in the Cemac Countries? An Empirical Evaluation

Samba MC and Mbassi C

The main intent of this paper is to determine the extent to which financial development has contributed to the efficiency of macroeconomic policy, better represented by monetary policy, in the CEMAC area in the period spanning from 1986 to 2009. For this purpose, we use a methodology provided by Krause and Rioja (2006). These authors develop a methodology in which they derive policy efficiency measures and then assess how these measures are influenced by useful indicators of financial development. Our results show that the efficiency of the BEAC monetary policy is mixed among the CEMAC countries. While policy efficiency has improved in some countries, it has rather stagnated or declined in others. On the other hand, of the three measures of financial development used, only the measure for financial deepening is positively related to monetary policy efficiency. Our main indicator of financial development namely, domestic credit by banks to private sector as a percentage of GDP has any impact on the efficiency of monetary policy in the CEMAC area. Moreover, while the peg of the CFA Franc to the euro appears to have enhanced policy efficiency, the devaluation of the same currency rather impeded monetary efficiency in the CEMAC area.
Artículo de investigación

The Influence of Dimensions of Organisational Culture on the Management of Heritage Sites as Tourism Products in Zimbabwe

Mugunzva E

This study focused on the influence of culture on the management of heritage sites in Zimbabwe. The research was motivated by the fact that there was ineffective alignment and integration of heritage and cultural resources into mainstream tourism. The value and impact of heritage tourism has not been fully realised, particularly the economic potential of heritage and cultural tourism products. Therefore, using a qualitative research methodology this study sought to explore the extent to which culture affects performance in NMMZ’s effort to transform heritage sites into vibrant tourism products. The objectives of the research were to examine Zimbabwe’s heritage, its meaning and relevance in tourism and to explore the potential of heritage sites in Zimbabwe as ‘world class’ tourist destinations. The other objectives were to examine the influence of ownership and profit orientation on services provided at heritage sites in Zimbabwe and to assess the influence of profit orientation on marketing of heritage sites as tourism products. The study also sought to review the management of heritage sites in other countries and draw lessons for Zimbabwe, to examine the gaps in the management of heritage sites in Zimbabwe and to propose strategies for packaging heritage sites in Zimbabwe as tourism products. This study showed that NMMZ is facing challenges in the marketing of heritage sites. There is also the issue of financial inadequacy as the SOE is failing to provide the required services at the sites. The research recommended that there is need to change the organisational culture, the NMMZ should embrace the diversity and corporate governance to improve the services. The paper also recommended the need to improve marketing strategies; the NMMZ should establish a marketing department. Private Public Partnerships and strategic alliances are crucial and these are the financing mechanisms that can be adopted to address problems of inadequate resources.
Artículo de investigación

Money Supply, Banking Liquidity and Stock Index Returns: Evidence from Four Major Capital Markets

Chung T and Ariff M

Prior studies that have examined the drivers of stock returns have mostly focussed on firm-specific factors. However, King demonstrated that firm-specific factors explain only 38% of the variation in stock prices, while the dominant driver was macroeconomic factors (52%) with industry-related factors accounting for the remaining 10% of stock price variation. Against this background, the present study, to our knowledge, is the first attempt to model Friedman's still-unproven money-supply led banking liquidity effect and the subsequent effect on stock prices, that will be represented as stock index returns in this study. We, thereafter, proceed to build a model to connect money supply and banking liquidity to overall stock index returns. For the purpose, we apply a system of equations, and use quarterly macroeconomic data series of G-4 countries (Canada, Japan, the UK, and the US) covering a 54-year period. We control for monetary regime changes such as a shift from monetary targeting to inflation targeting, structural breaks following the global financial crisis (GFC) and monetary policy changes. To test robustness of our findings, we provide causality tests linking money supply to liquidity as well as stock index returns and earnings before applying bootstrapping method to refine the parameter estimates.

Artículo de investigación

Organizational Intervention at an Aquarium

Vargas-Hernandez JG and Salazar NL

The objective of this research is to identify the labor perceptions of the guides on their teamwork, job knowledge, leadership and Motivation as there is the assumption that some of these dimensions may explain why the visitors have a poor perception of their work. Through a descriptive study with an experimental cross-sectional study design, the questionnaire technique, developed to measure these dimensions is used. The results indicate that workers have full knowledge of the job but lack integration and Motivation. The type of intervention proposed is the program Guides on Development specifically designed to improve the effectiveness of the group.

Artículo de investigación

Desarrollo de un sistema de recomendación inteligente para la selección de cursos por parte de estudiantes de posgrado

Grewal DS y Kaur K

Elegir el curso adecuado en los años de formación es una decisión muy importante, ya que su futuro depende de ella. El estudiante por sí solo no es lo suficientemente maduro para tomar la decisión correcta en su vida temprana. Seleccionar los cursos equivocados significa que no hay correspondencia entre la aptitud, la capacidad y el interés personal del estudiante. Los profesores o los padres no tienen ni el conocimiento ni la experiencia necesarios. Como no hay ninguna otra fuente fiable disponible que pueda guiar al estudiante hacia la dirección más adecuada, se ha desarrollado un sistema de recomendación para proporcionarle orientación en la selección del curso adecuado. El sistema de recomendación es un programa informático preparado con la ayuda de expertos en el que los detalles de los antecedentes de los estudiantes y sus aptitudes ayudan a encontrar un curso para sus futuros estudios. Este documento propone predicciones factibles para la selección de cursos de los estudiantes en función de sus notas y la elección de su interés laboral. Se utiliza la técnica de agrupamiento para encontrar estructuras y relaciones dentro de los datos. Este documento también revela el proceso de investigación de la preparación de dicho sistema de recomendación.

Artículo de investigación

What is the impact of foreign aid on economic growth? Time series analysis with new evidence from Tanzania

Albiman MM

Even though Tanzania has received large inflows of foreign aid since the 1970s to support its economic activities, very little literature has investigated the impact of foreign aid on Tanzania’s economic growth. After revealing that despite large inflows of foreign aid in Tanzania, the economic growth rate is apparently low, poverty level and budget deficits still persist in the economy. Therefore, our study aims to further investigate the impact of foreign aid on economic growth using the dynamic ordinary least squares (DOLS) model. After using the endogenous growth model and time series data from 1976 to 2014, we found that foreign aid has a negative impact on economic growth. Moreover, in the short run we also found that foreign aid is not a Granger cause for economic growth. The results suggest that the government needs to reconsider the type of foreign aid it receives.

Artículo de investigación

El papel de la dote como causa de desesperación en las muchachas solteras

Sarwar N, Ullah A y Shah M

El presente estudio se llevó a cabo con el objetivo de determinar las causas de la desesperación en las niñas solteras. Se seleccionó un tamaño de muestra de 159 encuestados de 264 a través de un procedimiento de muestreo aleatorio de tres Mohallahs del Consejo de la Unión Jahngrha. El marco conceptual del estudio comprendió la dote como variable independiente y las causas de la desesperación en las niñas solteras como variable dependiente. Se utilizó la prueba de chi-cuadrado para encontrar la asociación entre las variables del estudio. El estudio encontró que se encontró una relación significativa entre la desesperación y la niña que trajo dote a sus suegros exigirá dote a sus nueras (p = 0,003), la desesperanza de los padres pobres y de clase media debido a la dote está en gran aumento (p = 0,003), la función de la dote como un seguro contra el divorcio (p = 0,000), las mujeres son consideradas como una transferencia de capital (p = 0,000) y la dote como una herencia pre-mortem (p = 0,002). A la luz de los hallazgos del estudio, se recomendaron aumentar la conciencia entre las masas mediante el uso de los medios de comunicación masivos y el liderazgo político y religioso local sobre los derechos religiosos y legales y el estatus de las mujeres para negar públicamente la visión del matrimonio y la dote como una transferencia de capital, diseñar políticas que puedan facilitar a las mujeres pobres y de clase media el acceso al poder judicial, minimizar la violencia doméstica mediante la implementación de la ley, mejorar el aprendizaje femenino y fortalecer la base moral del matrimonio y la familia para medir la moralidad en lugar de los beneficios económicos en la selección de pareja.

Artículo de investigación

Mejorar la detección en la gestión de la atención médica y sanitaria mediante el análisis de datos

Jarrett J.E.

El propósito es introducir la demanda de la práctica del movimiento de calidad en problemas asociados con la salud pública. Mostramos tanto la necesidad como la aplicación del monitoreo de calidad, especialmente la necesidad de conceptos de calidad multivariados para reducir los costos de operación de los programas de salud pública para controlar el flujo de problemas en el comportamiento dinámico de estos sistemas en sistemas de salud pública como el tratamiento de agua para utilizar conceptos asociados con métodos multivariados y series de tiempo autocorrelacionados. Uno de los problemas más difíciles involucra el uso del control de calidad multivariado en el entorno científico y de salud. Los diagnósticos múltiples requieren el uso de técnicas avanzadas para llegar a soluciones complejas a los problemas médicos y de salud. Exploramos estos problemas.

Artículo de investigación

Comportamiento de convergencia del triángulo de crecimiento: el caso de IMT-GT

Dayang-Affizah AM, Ramli N y Mee-Sing T

Las disparidades regionales y su evolución han sido un problema económico y político vital para la mayoría de las regiones o países (Blizkovsky, 2012). Al darse cuenta de este hecho impactante, se ha llamado mucho la atención de todo el mundo para abordar este problema con el fin de evitar sus implicaciones adversas para el desarrollo económico holístico. La belleza del Triángulo de Crecimiento Indonesia-Malasia-Tailandia (IMT-GT) es que apunta a aumentar el comercio y la inversión entre las tres regiones a la vez que persigue un crecimiento económico liderado por el sector privado. Sin embargo, la evidencia muestra que el progreso del desarrollo en esta subregión está estancado o es lento. Por lo tanto, el objetivo de este estudio es investigar la hipótesis de convergencia de los estados participantes y determinar la razón detrás de cada uno de los comportamientos de convergencia retratados. En este estudio se ha empleado el modelo de factor variable en el tiempo no lineal, a saber, Phillip y Sul. El resultado implica que Negeri Sembilan es el único grupo divergente, mientras que el resto está convergiendo. Este fenómeno indica que la mayoría de los estados y provincias de esta subregión tienen un desempeño positivo hacia el crecimiento económico. Los responsables políticos pueden realizar una planificación eficaz del desarrollo después de determinar el desempeño de cada uno de los estados y provincias.

Indexado en

arrow_upward arrow_upward