Arab Economic and Business Journal最新文献

The study aims to seek knowledge about excellence management (EM) practices in Jadara University according to employees and students perspectives by using the European Excellence model. This model is built around nine core dimensions (leadership, people, strategy and policies, resources and relations, processes, people results, customer results, society results, and overall results). The researchers have developed the required questionnaire that consisted of (50) questions, and randomly distributed the questionnaires to a sample size of (375) elements.

The results showed that the level of EM practices was moderate (3.14) on a 5-Likert scale. Relevant recommendations were suggested to enhance EM practices in Jadara University. Most of which, to pay more attention to EM practices from top management, EM self-assessment should be carried out more frequently, while considering staff training as per the European model of excellence management.

The paper empirically examines using cointegration analysis consumption's myopic behavior in Lebanon. Empirical results points to the existence of a one-to one long-run relationship between consumption and income over the period 1977–2013. Meanwhile, consumption and income found to be causally independent in the short run. We argue, in the light of our findings, government officials should respond to labor force demands for wage increase only if it does not jeopardize current account deficit path to an unsustainable one. Our main findings is that wage increase could be translated into growth impulses in the long-run given consumption's myopic behavior. Our finding corroborates some previous findings for Lebanon and some emerging markets.

The article analyzes the impact of government support of the agricultural sector on the economic growth in Algeria. The study is based on cointegration relation and error correction model according to Autoregressive Distributed Lag (ARDL) model developed by Pesaran and al (2001). The results indicated that the support of agriculture production and producers has a positive impact on the agricultural growth, while it has a negative impact on the economic growth in the long term. On the other side, the total agricultural support regardless of its relationship with production and producers has a positive impact on agricultural production growth and economic growth in the long term. Finally, the total support of the agricultural sector is more important than individual support for agricultural producers.

The US and BRIC economies are sharing increasing trade as well as financial linkages since the last decade. In this regard, the present study attempts to capture long run and short run inter-linkages and causal relationships between the US and BRIC equity markets during different time frames, i.e., pre-crisis, crisis and post-crisis periods. The study employs Johansen cointegration, VAR, VECM, Toda-Yamamoto's Granger causality, generalized impulse responses, and variance decomposition models to account for the said linkages. For the full sample period analysis, Gregory–Hansen cointegration and Diebold and Yilmaz's (2011) spillover index approaches are also employed. Overall, the results report changing market dynamics and partial integration across the years 2004–2014.

This study is an attempt to investigate the effect of relational leadership (RL) on the three different stages of employee innovative work behavior (EIWB) in information technology industry of China. It also investigates the overall effect of relational leadership on total EIWB. It was proposed that relational leadership effects EWIB positively. For testing the hypotheses, a self-administered questionnaire was used to find out what are the responses of 261 employees from an IT company. Correlation and regression analysis suggested that relational leadership affects all three stages of employee innovative work behavior in significant manner. Its overall effect on EIWB is also very prominent in our analysis. The results of this study suggest that relational leadership, being a powerful motivational tool, helps employees to depict innovative work behavior at each of idea generation, idea promotion and idea realization stages of EIWB. The implications and limitations of the study are further discussed.

This study analysed corporate social responsibility (CSR) in the state of Qatar, aiming to determine the discipline’ global and glocal dimensions. The study investigated the notion that CSR remains western-driven in contrast to the scholarly trend that increasingly values national variables. Given the importance of CSR, the relationship between theory and contextual influences becomes a central element to evaluate the opportunity for specific corollaries to mainstream CSR. The methodology deployed for the study included a literature review, and interviews with practitioners and stakeholders. The results showed that although CSR as a concept is valid per se, an appropriate approach would value the operating environment as a key determinant, appreciating that specific cultural contexts necessitate variations to the mainstream theory.

This study aimed at determining the statistical impact of applying the blue ocean strategy on enhancing the competitive advantage of commercial banks in Saudi Arabia. To achieve the study's objectives, the exploratory study was conducted, and consisted of 47 of the working managers. The purpose was to collect the data needed to formulate the study's problem. The study's population consisted of all executive and branches working managers and deputies in KSA commercial banks that reached 1556 in 2014. The sample has been selected from the working managers and deputies in Riyadh city, which number was 322. Out of them, 313 were analysed, and a simple random sample was used.

The study concluded that there is a positive statistical impact of applying the blue ocean strategy on the competitive advantage of Saudi commercial banks. All sub hypothesis are accepted, so that the statistical impact of blue ocean strategy components on the competitive advantage of commercial banks has proved. The study found that 59.5% of sample has agreed that the competitive advantage of commercial banks in Saudi, comes from conducting the blue ocean strategy.

Finally, the study suggested some recommendations that encourage applying and enhancing the competitive advantage in such banks.

Empirical tests of the efficient market hypothesis (EMH) have been repeated by many researchers with varying results, with several supporting it and others finding no clear evidence for it. One of the results that weakens the EMH is the study of such anomalies as the Ramadan effect. Anomaly studies are also denied by recent studies that demonstrated proof of the weakening and even disappearance of anomalous effects. This research tests the persistence of the Ramadan effect in the stock returns in 10 Muslim-majority countries. We have found that the Ramadan effect is present, but it is not persistent. This finding is consistent with the finding from the test of efficient market form, which indicated that the markets of all 10 Muslim-majority countries are not efficient. When economic crisis is considered as an influencing factor, the Ramadan effect is still not persistently present.

This paper aims to develop an Islamic intertemporal model of the current account based on the prevailing theoretical and empirical literature of PVMCA (Obstfeld and Rogoff, 1996, Cerrato et al., 2014). The proposed model is based on the budget constraint of the present and future consumption, which depend on the obligatory Zakat from the income and assets, the return rate on the owned assets, the inheritance linking previous to subsequent generation. Using logarithmic utility function, featured by an unitary elasticity of intertemporal substitution and an unitary coefficient of relative risk aversion, we show through Euler equation of consumption that there is an inverse relationship between consumption growth from the last age to first one and the Zakat rate on assets. The outcomes of this result are that the Zakat on assets disciplines the consumer to have more rationality in consumption, and allows additional marginal assets for future generations. By assuming an unitary subjective discount rate, we indicate that more the return rate on assets is high, more the consumption growth between today and tomorrow will be fast. Through the budget constraint, if Zakat rate on the Zakatable assets is greater than Zakat rate on income, this leads to a relative expansion in private consumption of the wealthy group. Besides, we point out that an increase in return rate on assets, can drive to increasing or decreasing current consumption, because the substitution and income effects work in opposite ways.

Currently, there is a global trend towards the use of renewable energy resources. This is due to their benefits in terms of economic diversification, job creation, and sustainable development. Given the suffering of the Egyptian economy from the chronic unemployment problem, this paper has adopted the effect of electricity generation from renewable resources on unemployment. It tests the hypothesis which implies an inverse relationship between renewable electricity generation and unemployment rate in Egypt. By using Autoregressive Distributed Lag (ARDL) approach to identify the effects in the short and long run during the period (1989-2013), it has been found that the hypothesis was achieved in the long run only. This is due to the fact that renewable energy projects in their establishment stages focus on capital intensity more than labour intensity, but with time both direct and indirect employment effects start to emerge. The econometric results agree in the presence of a significant negative impact of both economic growth and investments on the unemployment rate.