Pub Date : 2018-05-01DOI: 10.13189/aeb.2018.060302
Valery Roldugin, R. Kayumov
Nowadays it is recognized that entrepreneurship and innovation lie at the heart of economic growth. In the article the authors research an innovative approach to the analysis activity of the Uzbekistan enterprises with international companies. The purpose of this article consists in a research of theoretical problems which are connected with competitiveness of the international organizations. The formation and the development of funding infrastructure to support international companies in the early stages is a complex process that depends on a number of factors, requiring the special approach to the analysis of enterprise's financial performance. Additionally, it presumes high business activity to creating new businesses, some of which succeed and some fail trying to overcome the uncertainties of the enterprise risks and profitableness. In progress of the thesis, different scientific methods of research have been used, including: system analysis, formalization and modeling.
{"title":"Innovative Approach to the Analysis of Enterprise's Competitive Capacity","authors":"Valery Roldugin, R. Kayumov","doi":"10.13189/aeb.2018.060302","DOIUrl":"https://doi.org/10.13189/aeb.2018.060302","url":null,"abstract":"Nowadays it is recognized that entrepreneurship and innovation lie at the heart of economic growth. In the article the authors research an innovative approach to the analysis activity of the Uzbekistan enterprises with international companies. The purpose of this article consists in a research of theoretical problems which are connected with competitiveness of the international organizations. The formation and the development of funding infrastructure to support international companies in the early stages is a complex process that depends on a number of factors, requiring the special approach to the analysis of enterprise's financial performance. Additionally, it presumes high business activity to creating new businesses, some of which succeed and some fail trying to overcome the uncertainties of the enterprise risks and profitableness. In progress of the thesis, different scientific methods of research have been used, including: system analysis, formalization and modeling.","PeriodicalId":91438,"journal":{"name":"Advances in economics and business","volume":"6 1","pages":"161-167"},"PeriodicalIF":0.0,"publicationDate":"2018-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45660053","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}
Pub Date : 2018-05-01DOI: 10.13189/aeb.2018.060301
H. Abdullahi, Gylych Jelilov, Selman Tetik
The role of human capital formation in economic growth and development has been highly underestimated in Nigeria. The study at this moment attempts to create an insight into the importance of human capital formation using real GDP per capita, government expenditure on health, government expenditure on education and primary school enrolment in the case of Nigeria. It used time series data from 1980 to 2017 and employed OLS regression technique, Johanssen cointegration and Granger causality test. The results from the various methods utilized affirmed the importance of human capital formation towards actualizing economic growth and development in Nigeria. The ordinary least square regression result showed a positive relationship between Government capital expenditure on health, Education and primary school enrolment. The Johanssen cointegration result showed cointegrating vectors in both the trace and maximum Eigenvalue test. The results from the Granger causality test indicated a bi-directional between primary school enrolment and Real GDP, a Uni-directional relationship between real GDP and government capital expenditure on health and education. The study strongly recommends a more budgetary capital allocation to health and education. The study went further to suggest strategies that would ensure the increase in primary school enrolment.
{"title":"Recent Issues on Human Capital Formation and Development of the Nigerian Economy","authors":"H. Abdullahi, Gylych Jelilov, Selman Tetik","doi":"10.13189/aeb.2018.060301","DOIUrl":"https://doi.org/10.13189/aeb.2018.060301","url":null,"abstract":"The role of human capital formation in economic growth and development has been highly underestimated in Nigeria. The study at this moment attempts to create an insight into the importance of human capital formation using real GDP per capita, government expenditure on health, government expenditure on education and primary school enrolment in the case of Nigeria. It used time series data from 1980 to 2017 and employed OLS regression technique, Johanssen cointegration and Granger causality test. The results from the various methods utilized affirmed the importance of human capital formation towards actualizing economic growth and development in Nigeria. The ordinary least square regression result showed a positive relationship between Government capital expenditure on health, Education and primary school enrolment. The Johanssen cointegration result showed cointegrating vectors in both the trace and maximum Eigenvalue test. The results from the Granger causality test indicated a bi-directional between primary school enrolment and Real GDP, a Uni-directional relationship between real GDP and government capital expenditure on health and education. The study strongly recommends a more budgetary capital allocation to health and education. The study went further to suggest strategies that would ensure the increase in primary school enrolment.","PeriodicalId":91438,"journal":{"name":"Advances in economics and business","volume":"6 1","pages":"153-160"},"PeriodicalIF":0.0,"publicationDate":"2018-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43274758","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}
Pub Date : 2018-05-01DOI: 10.13189/aeb.2018.060304
A. Baranyi, Csaba Faragó, C. Fekete, Z. Széles
The SME sector is really important for the Hungarian economy. In our analysis, we had a closer look at the publicly accessible version of Altman's Z-score bankruptcy forecast model for companies not quoted on the Stock Exchange together with the original and the modified, adjusted Springate bankruptcy prediction model. The adjusted Springate model regarded only 37% of the companies having gone bankrupt in real as insolvent, while the justified Altman Z-score model was able to identify only 46% of the stable ongoing firms. The variance analysis could not detect any correlations between the phenomenon of bankruptcy and financial types. By means of logistic regression, we managed to create a model that can forecast solvency for the examined enterprises with a probability of 78%. In the last part of our research, we were dealing with teaching artificial intelligence and creating decision trees based on neural network. Even by means of the first bankruptcy forecast model based on decision trees, a more efficient predicting system was gained than by using any other methods. We assume that only the decision tree made up by using artificial intelligence is efficient in forecasting bankruptcy of all the examined models.
{"title":"The Bankruptcy Forecasting Model of Hungarian Enterprises","authors":"A. Baranyi, Csaba Faragó, C. Fekete, Z. Széles","doi":"10.13189/aeb.2018.060304","DOIUrl":"https://doi.org/10.13189/aeb.2018.060304","url":null,"abstract":"The SME sector is really important for the Hungarian economy. In our analysis, we had a closer look at the publicly accessible version of Altman's Z-score bankruptcy forecast model for companies not quoted on the Stock Exchange together with the original and the modified, adjusted Springate bankruptcy prediction model. The adjusted Springate model regarded only 37% of the companies having gone bankrupt in real as insolvent, while the justified Altman Z-score model was able to identify only 46% of the stable ongoing firms. The variance analysis could not detect any correlations between the phenomenon of bankruptcy and financial types. By means of logistic regression, we managed to create a model that can forecast solvency for the examined enterprises with a probability of 78%. In the last part of our research, we were dealing with teaching artificial intelligence and creating decision trees based on neural network. Even by means of the first bankruptcy forecast model based on decision trees, a more efficient predicting system was gained than by using any other methods. We assume that only the decision tree made up by using artificial intelligence is efficient in forecasting bankruptcy of all the examined models.","PeriodicalId":91438,"journal":{"name":"Advances in economics and business","volume":"6 1","pages":"179-189"},"PeriodicalIF":0.0,"publicationDate":"2018-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45496332","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}
Pub Date : 2018-05-01DOI: 10.13189/aeb.2018.060305
S. Deb
Entrepreneurs shape economic destiny of nations. Their innovative ideas are major source of competitiveness in an increasingly globalizing world economy. Without a strong entrepreneurial community the developing countries will not prosper despite their rich resource endowments. India is a young country with about 63 per cent population in the working age group. This demographic dividend needs to be en-cashed with priorities. Engagements of the youths in creative pursuits, embracing entrepreneurship will bring steadiness to the growth curve and socio-economic transformation. Regional disparities of this country are an issue of concern. In this context focus on the North East Region in general and the state of Arunachal Pradesh in particular are more relevant. The problem of this region can be tackled by harnessing entrepreneurship, by promoting Micro and Small Enterprises. This needs creation of an ecosystem grooming the youths with the relevant skills, inspiring motivation, igniting entrepreneurship and innovations. The present century has thrown up unfamiliar challenges. The pace of change has been fast and our youths have to synchronize them to face these challenges at fast track. An essential way to motivate youths is to celebrate their entrepreneurship, their innovations and their stories of success need to be told.
{"title":"North East Region and Arunachal Pradesh (India) - Looking beyond & within in Pursuit to Promote Entrepreneurship","authors":"S. Deb","doi":"10.13189/aeb.2018.060305","DOIUrl":"https://doi.org/10.13189/aeb.2018.060305","url":null,"abstract":"Entrepreneurs shape economic destiny of nations. Their innovative ideas are major source of competitiveness in an increasingly globalizing world economy. Without a strong entrepreneurial community the developing countries will not prosper despite their rich resource endowments. India is a young country with about 63 per cent population in the working age group. This demographic dividend needs to be en-cashed with priorities. Engagements of the youths in creative pursuits, embracing entrepreneurship will bring steadiness to the growth curve and socio-economic transformation. Regional disparities of this country are an issue of concern. In this context focus on the North East Region in general and the state of Arunachal Pradesh in particular are more relevant. The problem of this region can be tackled by harnessing entrepreneurship, by promoting Micro and Small Enterprises. This needs creation of an ecosystem grooming the youths with the relevant skills, inspiring motivation, igniting entrepreneurship and innovations. The present century has thrown up unfamiliar challenges. The pace of change has been fast and our youths have to synchronize them to face these challenges at fast track. An essential way to motivate youths is to celebrate their entrepreneurship, their innovations and their stories of success need to be told.","PeriodicalId":91438,"journal":{"name":"Advances in economics and business","volume":"6 1","pages":"190-200"},"PeriodicalIF":0.0,"publicationDate":"2018-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43299851","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}
Pub Date : 2018-03-01DOI: 10.13189/aeb.2018.060206
A. N. Özker
In this study, we aim to put forth the effective levels of the consumption taxes both different application structures and disintegration effects as subjected different applications in OECD countries. As is known to all the consuming taxes seem difference in both situations as the taxes applications and structural financial formation according to the related countries, which mean also to the varieties of financial institutionally dynamics in term with regard to the developed levels of these countries based. In this context, the financial fractionally effects can be accepted as the important fact, especially in OECD countries, because the consumption taxes towards households' purchasing powers are affected by the rates of consuming taxes in the process of increasing indirectly. In addition, the differences in each other of consumption taxes in OECD contribute on GDP, especially based on the value added, are connected with the countries' different developed levels, and this fact ensure to deal over the financial confused towards economic integration unities. However, the structural difference of consumption taxes in practices that are especially in the international area put forth not positive financial effects sometimes due to cause the financial disintegrate in order to ensure the financial units. It appears that it should be formatted balances between the national tax practices and the global tax practices to positive distribution of the tax burden. In this context, the main problem with the consumption taxes approach is how to interpret the results obtained according to evaluating distributional impact of consumption taxes across households.
{"title":"The Structural Differences in Consumption Taxes and Their Financial Fractional Distribution Effects in OECD Countries","authors":"A. N. Özker","doi":"10.13189/aeb.2018.060206","DOIUrl":"https://doi.org/10.13189/aeb.2018.060206","url":null,"abstract":"In this study, we aim to put forth the effective levels of the consumption taxes both different application structures and disintegration effects as subjected different applications in OECD countries. As is known to all the consuming taxes seem difference in both situations as the taxes applications and structural financial formation according to the related countries, which mean also to the varieties of financial institutionally dynamics in term with regard to the developed levels of these countries based. In this context, the financial fractionally effects can be accepted as the important fact, especially in OECD countries, because the consumption taxes towards households' purchasing powers are affected by the rates of consuming taxes in the process of increasing indirectly. In addition, the differences in each other of consumption taxes in OECD contribute on GDP, especially based on the value added, are connected with the countries' different developed levels, and this fact ensure to deal over the financial confused towards economic integration unities. However, the structural difference of consumption taxes in practices that are especially in the international area put forth not positive financial effects sometimes due to cause the financial disintegrate in order to ensure the financial units. It appears that it should be formatted balances between the national tax practices and the global tax practices to positive distribution of the tax burden. In this context, the main problem with the consumption taxes approach is how to interpret the results obtained according to evaluating distributional impact of consumption taxes across households.","PeriodicalId":91438,"journal":{"name":"Advances in economics and business","volume":"6 1","pages":"146-151"},"PeriodicalIF":0.0,"publicationDate":"2018-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45374141","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}
Pub Date : 2018-03-01DOI: 10.13189/AEB.2018.060204
O. I. Kareem
The poverty impact of trade policy has been ambiguous because of their differential effects on economic agents due to the transmission mechanism through which they operate. In this context, this paper uses Nigeria’s micro- and macro-economic data to investigate the poverty effects of Common External Tariff (CET) of the Economic Community of West African States (ECOWAS). The poverty effects were evaluated from the perspective of households as producers and consumers. The empirical strategy proceeds with two steps: first, by determining the extent of the tariff pass-through to domestic prices; and lastly, evaluating the impact of the price change on household welfare. The findings indicate that domestic prices declined due to the higher tariff pass-through. This decline was higher in states closer to ports and borders, which face lower trade costs. The ECOWAS CET had net positive effects on the welfare of households, largely due to the gains from the expenditure basket. The expenditure gains from the adoption of the trade policy outweigh losses incurred in their purchasing power through lower income. Therefore, this study provides evidence that the price transmission mechanism, household characteristics and geographical location are important determinants in assessing trade policy effects in Nigeria.
{"title":"The Impact of Common External Tariffs on Household’s Welfare in a Rich African Country with Poor People","authors":"O. I. Kareem","doi":"10.13189/AEB.2018.060204","DOIUrl":"https://doi.org/10.13189/AEB.2018.060204","url":null,"abstract":"The poverty impact of trade policy has been ambiguous because of their differential effects on economic agents due to the transmission mechanism through which they operate. In this context, this paper uses Nigeria’s micro- and macro-economic data to investigate the poverty effects of Common External Tariff (CET) of the Economic Community of West African States (ECOWAS). The poverty effects were evaluated from the perspective of households as producers and consumers. The empirical strategy proceeds with two steps: first, by determining the extent of the tariff pass-through to domestic prices; and lastly, evaluating the impact of the price change on household welfare. The findings indicate that domestic prices declined due to the higher tariff pass-through. This decline was higher in states closer to ports and borders, which face lower trade costs. The ECOWAS CET had net positive effects on the welfare of households, largely due to the gains from the expenditure basket. The expenditure gains from the adoption of the trade policy outweigh losses incurred in their purchasing power through lower income. Therefore, this study provides evidence that the price transmission mechanism, household characteristics and geographical location are important determinants in assessing trade policy effects in Nigeria.","PeriodicalId":91438,"journal":{"name":"Advances in economics and business","volume":"6 1","pages":"114-124"},"PeriodicalIF":0.0,"publicationDate":"2018-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47655910","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}
Pub Date : 2018-03-01DOI: 10.13189/aeb.2018.060205
J. Durán
The banking system that operates in the country will not have major changes, with the arrival of Trump to the presidency of the USA. Surely, it will continue to operate as it has until now, concentrating the financing to large companies and the government; providing credit on payroll and mortgage are the least risky and most profitable; managing derivative products (even in dollars given the strong expected volatility), and charging all kinds of commissions. It is even envisaged that its dominance could be expanded by deregulation of the rules adopted since the financial crises of 2007-2009. This paper analyzes three aspects: some minskian theoretical views on debt, economic openness and financial instability; some economic - financial links between Mexico and the United States, and the recent situation of banking at the international level and in Mexico. The method used is simple, based on a heterodox theoretical framework, a statistical analysis is carried out that allows identifying economic and financial variables that allow valuing the strong relations between both countries. With this diagnosis its possible glimpse some trends. It is concluded that it is difficult for Mexico to make significant changes in its economic and financial position, unless there is a change in the negotiation of NAFTA or in the economic policy of both countries.
{"title":"Relevant Aspects in the Commercial and Financial Relations between Mexico and the USA and Its Continuity in the New Trump Administration","authors":"J. Durán","doi":"10.13189/aeb.2018.060205","DOIUrl":"https://doi.org/10.13189/aeb.2018.060205","url":null,"abstract":"The banking system that operates in the country will not have major changes, with the arrival of Trump to the presidency of the USA. Surely, it will continue to operate as it has until now, concentrating the financing to large companies and the government; providing credit on payroll and mortgage are the least risky and most profitable; managing derivative products (even in dollars given the strong expected volatility), and charging all kinds of commissions. It is even envisaged that its dominance could be expanded by deregulation of the rules adopted since the financial crises of 2007-2009. This paper analyzes three aspects: some minskian theoretical views on debt, economic openness and financial instability; some economic - financial links between Mexico and the United States, and the recent situation of banking at the international level and in Mexico. The method used is simple, based on a heterodox theoretical framework, a statistical analysis is carried out that allows identifying economic and financial variables that allow valuing the strong relations between both countries. With this diagnosis its possible glimpse some trends. It is concluded that it is difficult for Mexico to make significant changes in its economic and financial position, unless there is a change in the negotiation of NAFTA or in the economic policy of both countries.","PeriodicalId":91438,"journal":{"name":"Advances in economics and business","volume":"6 1","pages":"136-145"},"PeriodicalIF":0.0,"publicationDate":"2018-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45137613","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}
Pub Date : 2018-03-01DOI: 10.13189/AEB.2018.060203
J. Ababio, Emmanuel Sarpong Kumankoma, K. A. Osei
This study has investigated empirically the effect of financing cost on private investment in Ghana, over the period 1970 to 2010. To this end, the variables employed were classified as cost factors (interest rate, exchange rate, inflation rate) and non-cost factors (public investment, output, credit availability, external debt) of private investment. The Johansen co-integration technique was used to estimate the long-run private investment function for Ghana. Also, the Error Correction Model was used to determine the short-run dynamics. The study finds that all the cost factors had negative and statistically significant impact on private investment in Ghana, in the long-run. On the other hand, in the long-run, the non-cost factors impacted positively on private investment in Ghana, but external debt had an adverse effect. It also, finds that all the variables used, co-integrated with private investment in the long-run. This study provides original evidence that high cost of financing is associated with low private sector participation in investment activities in Ghana. Accordingly, the study recommends among others that long term policies should be directed towards cost control and macroeconomic stabilization in order to boost private investment activities or programs in developing nations particularly, Ghana.
{"title":"Financing Cost and Private Investment in Ghana","authors":"J. Ababio, Emmanuel Sarpong Kumankoma, K. A. Osei","doi":"10.13189/AEB.2018.060203","DOIUrl":"https://doi.org/10.13189/AEB.2018.060203","url":null,"abstract":"This study has investigated empirically the effect of financing cost on private investment in Ghana, over the period 1970 to 2010. To this end, the variables employed were classified as cost factors (interest rate, exchange rate, inflation rate) and non-cost factors (public investment, output, credit availability, external debt) of private investment. The Johansen co-integration technique was used to estimate the long-run private investment function for Ghana. Also, the Error Correction Model was used to determine the short-run dynamics. The study finds that all the cost factors had negative and statistically significant impact on private investment in Ghana, in the long-run. On the other hand, in the long-run, the non-cost factors impacted positively on private investment in Ghana, but external debt had an adverse effect. It also, finds that all the variables used, co-integrated with private investment in the long-run. This study provides original evidence that high cost of financing is associated with low private sector participation in investment activities in Ghana. Accordingly, the study recommends among others that long term policies should be directed towards cost control and macroeconomic stabilization in order to boost private investment activities or programs in developing nations particularly, Ghana.","PeriodicalId":91438,"journal":{"name":"Advances in economics and business","volume":"6 1","pages":"99-113"},"PeriodicalIF":0.0,"publicationDate":"2018-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49153111","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}
Pub Date : 2018-03-01DOI: 10.13189/AEB.2018.060201
Khor Kok Keat, A. Lin
Knowledge management plays a vital role in sustaining organizational performance of private academic institutions over time. Nonetheless the linkage between knowledge management, managing talent practices and organizational performance is not adequately addressed. This study therefore is aimed to investigate the relationship between knowledge management and organizational performance of Malaysian private colleges and whether managing talent practices, namely managing talent development and talent retention mediate the relationship between knowledge management and organizational performance of Malaysian private colleges. PLS-SEM technique is deployed to test the hypothesized relationships in the model. Data to all variables of interest studied is collected through a survey using structured questionnaires. A total of 785 sets of questionnaires was distributed to academic and non-academic staff above the executive level from 157 selected private colleges in Malaysia, out of which 243 (31%) of them were valid and useable to this study. Empirical findings in this study highlight that knowledge management has a significant positive relationship with organizational performance of private colleges. Managing talent development rather than talent retention is found to have a significant direct positive influence on organizational performance of private colleges. In addition, knowledge management is predicted to have a significance positive influence on talent development and talent retention respectively. The mediation effects of talent development is statistically significant and in this regard, talent development is shown to have partially mediated the relationship between knowledge management and organizational performance of Malaysian private colleges. Both limitations and managerial implications are also highlighted in this paper.
{"title":"The Relationship between Knowledge Management and Organizational Performance of Malaysian Private Colleges: A Mediating Role of Managing Talent Practices","authors":"Khor Kok Keat, A. Lin","doi":"10.13189/AEB.2018.060201","DOIUrl":"https://doi.org/10.13189/AEB.2018.060201","url":null,"abstract":"Knowledge management plays a vital role in sustaining organizational performance of private academic institutions over time. Nonetheless the linkage between knowledge management, managing talent practices and organizational performance is not adequately addressed. This study therefore is aimed to investigate the relationship between knowledge management and organizational performance of Malaysian private colleges and whether managing talent practices, namely managing talent development and talent retention mediate the relationship between knowledge management and organizational performance of Malaysian private colleges. PLS-SEM technique is deployed to test the hypothesized relationships in the model. Data to all variables of interest studied is collected through a survey using structured questionnaires. A total of 785 sets of questionnaires was distributed to academic and non-academic staff above the executive level from 157 selected private colleges in Malaysia, out of which 243 (31%) of them were valid and useable to this study. Empirical findings in this study highlight that knowledge management has a significant positive relationship with organizational performance of private colleges. Managing talent development rather than talent retention is found to have a significant direct positive influence on organizational performance of private colleges. In addition, knowledge management is predicted to have a significance positive influence on talent development and talent retention respectively. The mediation effects of talent development is statistically significant and in this regard, talent development is shown to have partially mediated the relationship between knowledge management and organizational performance of Malaysian private colleges. Both limitations and managerial implications are also highlighted in this paper.","PeriodicalId":91438,"journal":{"name":"Advances in economics and business","volume":"6 1","pages":"81-89"},"PeriodicalIF":0.0,"publicationDate":"2018-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45731740","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}
Pub Date : 2018-01-01DOI: 10.13189/aeb.2018.060102
S. Bozsik
The economic crisis broke out in the most developed part of the world in 2008 affected seriously to the Central-Eastern-European bank systems. It wasn't a wonder, because these economies were closely linked to the developed countries. Firstly the Central-Eastern-European banks were mostly owned by large Western-European banks, and the management of these subsidiaries became tougher due to the asset management problems of their mother banks (Tressel, 2010). The current paper examines the deleveraging of bank systems of this area during the crisis and thereafter. A special northern-southern division can be observed among the Central-Eastern-European bank systems, where the border is unfortunately at the northern border of Hungary. During the crisis, the amount of private loan was mostly determined by the economic growth, the starting state of loan-deposit ratio, as well as the uncertainty of sovereign CDS spread. In the after-crisis period the change in private loan stock is especially the function of non-performing loan ratio and the change in loan-deposit ratio. Hungary is an 'off-line' country in case of all strong correlated variable pair, so the decrease of private loan may have country-specific reasons besides the general theoretical variables.
{"title":"Deleveraging of the Central-Eastern-European Countries' Bank Systems during and after the Economic Crisis","authors":"S. Bozsik","doi":"10.13189/aeb.2018.060102","DOIUrl":"https://doi.org/10.13189/aeb.2018.060102","url":null,"abstract":"The economic crisis broke out in the most developed part of the world in 2008 affected seriously to the Central-Eastern-European bank systems. It wasn't a wonder, because these economies were closely linked to the developed countries. Firstly the Central-Eastern-European banks were mostly owned by large Western-European banks, and the management of these subsidiaries became tougher due to the asset management problems of their mother banks (Tressel, 2010). The current paper examines the deleveraging of bank systems of this area during the crisis and thereafter. A special northern-southern division can be observed among the Central-Eastern-European bank systems, where the border is unfortunately at the northern border of Hungary. During the crisis, the amount of private loan was mostly determined by the economic growth, the starting state of loan-deposit ratio, as well as the uncertainty of sovereign CDS spread. In the after-crisis period the change in private loan stock is especially the function of non-performing loan ratio and the change in loan-deposit ratio. Hungary is an 'off-line' country in case of all strong correlated variable pair, so the decrease of private loan may have country-specific reasons besides the general theoretical variables.","PeriodicalId":91438,"journal":{"name":"Advances in economics and business","volume":"6 1","pages":"14-25"},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66222294","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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