Mohd Hizam Hanafiah, Sheikh Usman Yousaf, Bushra Usman
Growth of entrepreneurial ventures plays important role in a country’s economic development and entrepreneurs’ growth intention is considered as an important predictor of their venture growth. On the other hand, Psychological capital (PsyCap) is one such resource which can influence attitudes and behaviours like growth intentions of entrepreneurs. This study is aimed to investigate the relationship between psychological capital and growth intentions of entrepreneurs specifically in Malaysian context. The data was collected from 275 Malaysian SME entrepreneurs and Regression analysis reveals that PsyCap, as a core construct, positively and significantly influences the growth intentions of entrepreneurs. Further, it is also identified that two out of four dimensions of PsyCap (hope and self-efficacy) have significant and positive influence on entrepreneurs’ growth intentions. It is also revealed that PsyCap, as a core construct, more powerfully predicts the growth intentions as compared to its first order constructs separately. This finding highlights the significance of PsyCap as a core construct in entrepreneurial researches. It contributes knowledge to psychological capital and entrepreneurship literature and also has implications for existing and prospective entrepreneurs as well as government and private bodies.
{"title":"The influence of psychological capital on the growth intentions of entrepreneurs: A study on Malaysian SME entrepreneurs","authors":"Mohd Hizam Hanafiah, Sheikh Usman Yousaf, Bushra Usman","doi":"10.15208/BEH.2017.38","DOIUrl":"https://doi.org/10.15208/BEH.2017.38","url":null,"abstract":"Growth of entrepreneurial ventures plays important role in a country’s economic development and entrepreneurs’ growth intention is considered as an important predictor of their venture growth. On the other hand, Psychological capital (PsyCap) is one such resource which can influence attitudes and behaviours like growth intentions of entrepreneurs. This study is aimed to investigate the relationship between psychological capital and growth intentions of entrepreneurs specifically in Malaysian context. The data was collected from 275 Malaysian SME entrepreneurs and Regression analysis reveals that PsyCap, as a core construct, positively and significantly influences the growth intentions of entrepreneurs. Further, it is also identified that two out of four dimensions of PsyCap (hope and self-efficacy) have significant and positive influence on entrepreneurs’ growth intentions. It is also revealed that PsyCap, as a core construct, more powerfully predicts the growth intentions as compared to its first order constructs separately. This finding highlights the significance of PsyCap as a core construct in entrepreneurial researches. It contributes knowledge to psychological capital and entrepreneurship literature and also has implications for existing and prospective entrepreneurs as well as government and private bodies.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":"13 1","pages":"556-569"},"PeriodicalIF":0.0,"publicationDate":"2017-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67082588","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Tuan Bach Le, D. Pavelková, Thi Thanh Binh Do, Minh Vu Ngo
This study investigates the effects of foreign ownership on accounting conservatism adoption in Vietnam. Although foreign ownership is found to have a positive relationship with accounting conservatism in Korea (An, 2015), there is still no general agreement on it. In this regard, the purpose of this study is to shed more light on the association between foreign ownership and accounting conservatism. Using data from Vietnamese firms listed on stock exchanges, the study finds that in contrast to the findings of An, foreign ownership is negatively associated with accounting conservatism. This result supports the transient hypothesis of foreign ownership, indicating that foreign investors with the low level of ownership do not have significant incentives to oversee managers, thus not influencing financial reporting quality.
{"title":"Does foreign ownership impact accounting conservatism adoption in Vietnam","authors":"Tuan Bach Le, D. Pavelková, Thi Thanh Binh Do, Minh Vu Ngo","doi":"10.15208/BEH.2017.21","DOIUrl":"https://doi.org/10.15208/BEH.2017.21","url":null,"abstract":"This study investigates the effects of foreign ownership on accounting conservatism adoption in Vietnam. Although foreign ownership is found to have a positive relationship with accounting conservatism in Korea (An, 2015), there is still no general agreement on it. In this regard, the purpose of this study is to shed more light on the association between foreign ownership and accounting conservatism. Using data from Vietnamese firms listed on stock exchanges, the study finds that in contrast to the findings of An, foreign ownership is negatively associated with accounting conservatism. This result supports the transient hypothesis of foreign ownership, indicating that foreign investors with the low level of ownership do not have significant incentives to oversee managers, thus not influencing financial reporting quality.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":"56 1","pages":"287-294"},"PeriodicalIF":0.0,"publicationDate":"2017-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67082874","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The national and international literature and research on SMMEs has been developed very strongly in the last decade. There have been many successful attempts on the part of many researchers and scholars to unpack new and innovative dimensions of SMMEs’ operations, behaviour, attitudes, functions and other dynamics that boost, sustain or impede their growth and development. There is, however, a gap in research, regarding a very distinct practice within SMMEs in developing economies, that of bootstrapping. This study, therefore, used a sample chosen on a non-probability basis using convenience sampling of small business owners within the eThekwini Municipality, KwaZulu-Natal, South Africa. 83 participants completed the questionnaire. The study found that the practice of financial bootstrapping was very high amongst the investigated SMMEs. The use of financial bootstrapping within SMMEs is coincidental. The majority of the respondents indicated that they did not undergo any formal training on the use of financial bootstrapping methods.
{"title":"SMME attitudes towards financial bootstrapping: A perspective from a developing economy","authors":"Bonginkosi Keith Zwane, C. J. Nyide","doi":"10.15208/BEH.2017.25","DOIUrl":"https://doi.org/10.15208/BEH.2017.25","url":null,"abstract":"The national and international literature and research on SMMEs has been developed very strongly in the last decade. There have been many successful attempts on the part of many researchers and scholars to unpack new and innovative dimensions of SMMEs’ operations, behaviour, attitudes, functions and other dynamics that boost, sustain or impede their growth and development. There is, however, a gap in research, regarding a very distinct practice within SMMEs in developing economies, that of bootstrapping. This study, therefore, used a sample chosen on a non-probability basis using convenience sampling of small business owners within the eThekwini Municipality, KwaZulu-Natal, South Africa. 83 participants completed the questionnaire. The study found that the practice of financial bootstrapping was very high amongst the investigated SMMEs. The use of financial bootstrapping within SMMEs is coincidental. The majority of the respondents indicated that they did not undergo any formal training on the use of financial bootstrapping methods.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":"13 1","pages":"347-356"},"PeriodicalIF":0.0,"publicationDate":"2017-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67083000","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study performs an examination on the impact of public and private investment on economic growth in Zimbabwe from 1970 to 2014. In addition to estimating the economic growth model, the study also estimates the crowding effect of public investment on private investment. The study utilised the newly developed ARDL-bounds testing approach with better small sample properties than the traditional cointegration techniques. The results show that while public investment has higher short-run impact on economic growth than private investment, in the long run, private investment contributed more to economic growth than public investment. In addition, the results reported the crowding-in effect on private investment of infrastructural public investment in the long run and gross public investment in the short run. Furthermore, the results found the crowding-out effect on private investment of gross public investment in the long run and non-infrastructural public investment in the short run. The results suggest that the short-run and long-run contribution to economic growth of private investment in Zimbabwe can be improved by cutting back on non-infrastructural public investment to necessary minimum level while stimulating the growth in infrastructural public investment.
{"title":"Public and private investment and economic growth in Zimbabwe: An empirical test","authors":"Garikai Makuyana, N. Odhiambo","doi":"10.15208/BEH.2017.05","DOIUrl":"https://doi.org/10.15208/BEH.2017.05","url":null,"abstract":"This study performs an examination on the impact of public and private investment on economic growth in Zimbabwe from 1970 to 2014. In addition to estimating the economic growth model, the study also estimates the crowding effect of public investment on private investment. The study utilised the newly developed ARDL-bounds testing approach with better small sample properties than the traditional cointegration techniques. The results show that while public investment has higher short-run impact on economic growth than private investment, in the long run, private investment contributed more to economic growth than public investment. In addition, the results reported the crowding-in effect on private investment of infrastructural public investment in the long run and gross public investment in the short run. Furthermore, the results found the crowding-out effect on private investment of gross public investment in the long run and non-infrastructural public investment in the short run. The results suggest that the short-run and long-run contribution to economic growth of private investment in Zimbabwe can be improved by cutting back on non-infrastructural public investment to necessary minimum level while stimulating the growth in infrastructural public investment.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":"13 1","pages":"60-76"},"PeriodicalIF":0.0,"publicationDate":"2017-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67081721","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Anatoly Kilyachkov, L. Chaldaeva, Nikolay Kilyachkov
The rate of world GDP is changing periodically. A discrete dynamic model (DDM) describes this process. The model is based on the assumption that the global economy has certain “inertia”. This allows us to describe the rate of change of global GDP in the subsequent year as a function of its change in the preceding year. This function can be approximated by using a finite number of terms of its Taylor series. A methodologically more rigorous approach is proposed for approximating the rate of world GDP change on non-overlapping time intervals. Radii of convergence were determined for approximating polynomials for these time ranges. Studies have shown the dependence of the shape of the radius of convergence from the nature of the convergence. DDM has a practical significance because it allows identifying the change in a character of economic dynamics without prior assumptions about the factors driving this trend.
{"title":"Description of world GDP rate changes by using discrete dynamic model","authors":"Anatoly Kilyachkov, L. Chaldaeva, Nikolay Kilyachkov","doi":"10.15208/BEH.2017.06","DOIUrl":"https://doi.org/10.15208/BEH.2017.06","url":null,"abstract":"The rate of world GDP is changing periodically. A discrete dynamic model (DDM) describes this process. The model is based on the assumption that the global economy has certain “inertia”. This allows us to describe the rate of change of global GDP in the subsequent year as a function of its change in the preceding year. This function can be approximated by using a finite number of terms of its Taylor series. A methodologically more rigorous approach is proposed for approximating the rate of world GDP change on non-overlapping time intervals. Radii of convergence were determined for approximating polynomials for these time ranges. Studies have shown the dependence of the shape of the radius of convergence from the nature of the convergence. DDM has a practical significance because it allows identifying the change in a character of economic dynamics without prior assumptions about the factors driving this trend.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":"13 1","pages":"77-96"},"PeriodicalIF":0.0,"publicationDate":"2017-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67081757","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Thien Hoang Nguyen, Xuan Minh Nguyen, Thien Hai Nguyen, Quoc Trung Tran
This study posits that the declining industry is a good institutional environment to examine the relationship between ownership structure and firm performance of Vietnamese securities firms. This downturn decreases the return on investment of the industry and creates incentives for managers to expropriate shareholders more severely. In addition, different groups of shareholders recognizing the status of the industry may have their own reactions which are likely to affect firm performance. Using pooled OLS regression with a sample of 240 observations from 56 Vietnamese securities firms over the period from 2009 to 2016, we find supporting evidence of convergence-of-interest with a significantly negative relationship between insider ownership and profitability. In addition, foreign ownership is also positively related to firm performance. Firm size affects positively firm performance while number of employees has a negative impact on profitability.
{"title":"Ownership structure and performance of professional service firms in a declining industry: Evidence from Vietnamese securities firms","authors":"Thien Hoang Nguyen, Xuan Minh Nguyen, Thien Hai Nguyen, Quoc Trung Tran","doi":"10.15208/BEH.2017.11","DOIUrl":"https://doi.org/10.15208/BEH.2017.11","url":null,"abstract":"This study posits that the declining industry is a good institutional environment to examine the relationship between ownership structure and firm performance of Vietnamese securities firms. This downturn decreases the return on investment of the industry and creates incentives for managers to expropriate shareholders more severely. In addition, different groups of shareholders recognizing the status of the industry may have their own reactions which are likely to affect firm performance. Using pooled OLS regression with a sample of 240 observations from 56 Vietnamese securities firms over the period from 2009 to 2016, we find supporting evidence of convergence-of-interest with a significantly negative relationship between insider ownership and profitability. In addition, foreign ownership is also positively related to firm performance. Firm size affects positively firm performance while number of employees has a negative impact on profitability.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":"13 1","pages":"142-151"},"PeriodicalIF":0.0,"publicationDate":"2017-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67081898","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Thailand’s One Tambon One Product (OTOP) branded handicraft and food export program in 2016 reached nearly US$3billion, with products coming from approximately 6,000 community-based enterprises (CBE) and small-medium enterprises (SME) countrywide. The OTOP movement is a global program, with communities in China, Malawi, South Africa, Thailand, Laos, and the Philippines. This study examined the influences of perceived quality, competitiveness, trust, and distribution satisfaction on entrepreneurial export performance strategy using the OTOP product brand. Structural equation modeling used LISREL Version 9.1 to conduct a confirmatory factor analysis and test the hypothesized inter-relationships on the variables influencing export performance strategy. Results showed that product quality, trust, distribution capability, and competitiveness are important factors influencing export performance strategy. It was also interesting to note that the majority of the 500 entrepreneurs (94.4%) either owned or worked in groups that had 50 or less employees.
2016年，泰国的One Tambon One Product (OTOP)品牌手工艺品和食品出口计划达到近30亿美元，产品来自全国约6000家社区企业(CBE)和中小企业(SME)。OTOP运动是一个全球性的项目，在中国、马拉维、南非、泰国、老挝和菲律宾都有社区。本研究以OTOP产品品牌为研究对象，考察知觉品质、竞争力、信任与分销满意度对企业出口绩效策略的影响。结构方程建模采用LISREL Version 9.1进行验证性因子分析，对影响出口绩效策略的变量进行假设的相互关系检验。结果表明，产品质量、信任、分销能力和竞争力是影响出口绩效策略的重要因素。同样有趣的是，500名企业家中的大多数(94.4%)拥有或工作的团队人数不超过50人。
{"title":"Community-Based Enterprise Export Strategy Success: Thailand's OTOP Branding Program","authors":"Vipada Sitabutr, Samart Deebhijarn","doi":"10.15208/BEH.2017.27","DOIUrl":"https://doi.org/10.15208/BEH.2017.27","url":null,"abstract":"Thailand’s One Tambon One Product (OTOP) branded handicraft and food export program in 2016 reached nearly US$3billion, with products coming from approximately 6,000 community-based enterprises (CBE) and small-medium enterprises (SME) countrywide. The OTOP movement is a global program, with communities in China, Malawi, South Africa, Thailand, Laos, and the Philippines. This study examined the influences of perceived quality, competitiveness, trust, and distribution satisfaction on entrepreneurial export performance strategy using the OTOP product brand. Structural equation modeling used LISREL Version 9.1 to conduct a confirmatory factor analysis and test the hypothesized inter-relationships on the variables influencing export performance strategy. Results showed that product quality, trust, distribution capability, and competitiveness are important factors influencing export performance strategy. It was also interesting to note that the majority of the 500 entrepreneurs (94.4%) either owned or worked in groups that had 50 or less employees.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":"13 1","pages":"368-382"},"PeriodicalIF":0.0,"publicationDate":"2017-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67083003","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study is based on Benford’s law, which is widely used by researchers to find the indicators of manipulations of revenues and earnings. This study was conducted to ascertain the existence of indicators of manipulations in a 25 insurance companies in Jordan. Both the revenue and net income were taken from the companies' financial statements presented for the period from 2000 to 2015. The studied companies have been divided into two groups. The first group covered the firms that achieved a positive net income (profit) and the second group covered the companies that achieved a negative net income (loss). The earning manipulations existence is evaluated by testing the first digit and the second digit of the observations that are extracted from the financial statements of the listed insurance companies in Amman Stock Exchange.
{"title":"Applying Benford's law into Jordanian Insurance Companies to Identify Earning's Manipulations","authors":"F. Al-rawashdeh","doi":"10.15208/BEH.2017.16","DOIUrl":"https://doi.org/10.15208/BEH.2017.16","url":null,"abstract":"This study is based on Benford’s law, which is widely used by researchers to find the indicators of manipulations of revenues and earnings. This study was conducted to ascertain the existence of indicators of manipulations in a 25 insurance companies in Jordan. Both the revenue and net income were taken from the companies' financial statements presented for the period from 2000 to 2015. The studied companies have been divided into two groups. The first group covered the firms that achieved a positive net income (profit) and the second group covered the companies that achieved a negative net income (loss). The earning manipulations existence is evaluated by testing the first digit and the second digit of the observations that are extracted from the financial statements of the listed insurance companies in Amman Stock Exchange.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":"13 1","pages":"210-223"},"PeriodicalIF":0.0,"publicationDate":"2017-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67082427","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The quality of the faculty is one of the most important components of higher education’s quality assurance. Turnover among faculty, however, could undermine the efficiency, productivity and in some occasions, threats the institution’s long-term survival. Preliminary interviews with human resource personnel of selected private higher institutions revealed a high turnover rate of 18%. This qualitative phenomenological study explored the reason on why faculty resigns their job. In-depth interviews were conducted with faculty members from 5 private universities in Malaysia, using purposive sampling. The NVivo 8 software was used to analyze the data thematically. Seven major themes emerged from the analysis including; employer image, availability of external job opportunities, social media bullying, unfair performance measurement, unfair compensation, work overload and job Insecurity. Although some emerging themes could be traced to previous literatures, an emerging theme of social media bullying warrants further scrutiny. The research results could help private universities to strategize how to minimize the high turnover rates while optimizing the levels of faculty retention. Furthermore, this research provides some initial insight on the role of social media bullying in turnover literature.
{"title":"Faculty's Turnover in Private Higher Learning Institutions: a Phenomenal Inquiry","authors":"V. Ramasamy, N. H. Abdullah","doi":"10.15208/BEH.2017.13","DOIUrl":"https://doi.org/10.15208/BEH.2017.13","url":null,"abstract":"The quality of the faculty is one of the most important components of higher education’s quality assurance. Turnover among faculty, however, could undermine the efficiency, productivity and in some occasions, threats the institution’s long-term survival. Preliminary interviews with human resource personnel of selected private higher institutions revealed a high turnover rate of 18%. This qualitative phenomenological study explored the reason on why faculty resigns their job. In-depth interviews were conducted with faculty members from 5 private universities in Malaysia, using purposive sampling. The NVivo 8 software was used to analyze the data thematically. Seven major themes emerged from the analysis including; employer image, availability of external job opportunities, social media bullying, unfair performance measurement, unfair compensation, work overload and job Insecurity. Although some emerging themes could be traced to previous literatures, an emerging theme of social media bullying warrants further scrutiny. The research results could help private universities to strategize how to minimize the high turnover rates while optimizing the levels of faculty retention. Furthermore, this research provides some initial insight on the role of social media bullying in turnover literature.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":"13 1","pages":"169-181"},"PeriodicalIF":0.0,"publicationDate":"2017-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67082510","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The purpose of the research is to examine what constitutes professionalism amongst Thai legal practitioners and consultants. By use of simple random-sampling, the 332 legal professionals were surveyed by use of a 72-item, 7-level Likert type agreement scale questionnaire on the study’s four constructs. A confirmatory factor analysis was run prior to the structural equation model, with analysis of the data undertaken by use of LISREL 9.10 software. The results showed that ethics was viewed as the most important aspect by Thai legal professionals (x = 5.71), which was only slightly ahead of the legal consultant’s experience (x = 5.64). Opposite to this however, the legal consultants’ themselves felt that client satisfaction (x = 4.95), and quick solutions (x = 4.84), had minimal importance. Overall results also showed that the latent variable of communications skills (0.67) was most important, followed by competency (0.33), and knowledge management (0.17).
{"title":"Determinants of Thai legal professionalism: A structural equation model analysis","authors":"Cherdsak Teeranantawanich, Thepparat Phimolsathien","doi":"10.15208/BEH.2017.43","DOIUrl":"https://doi.org/10.15208/BEH.2017.43","url":null,"abstract":"The purpose of the research is to examine what constitutes professionalism amongst Thai legal practitioners and consultants. By use of simple random-sampling, the 332 legal professionals were surveyed by use of a 72-item, 7-level Likert type agreement scale questionnaire on the study’s four constructs. A confirmatory factor analysis was run prior to the structural equation model, with analysis of the data undertaken by use of LISREL 9.10 software. The results showed that ethics was viewed as the most important aspect by Thai legal professionals (x = 5.71), which was only slightly ahead of the legal consultant’s experience (x = 5.64). Opposite to this however, the legal consultants’ themselves felt that client satisfaction (x = 4.95), and quick solutions (x = 4.84), had minimal importance. Overall results also showed that the latent variable of communications skills (0.67) was most important, followed by competency (0.33), and knowledge management (0.17).","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":"13 1","pages":"630-651"},"PeriodicalIF":0.0,"publicationDate":"2017-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67082603","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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