ISSN: 1813-0534






Volume 4 No 2 August 2008

WTO Accession and Its Implications on Kazakhstan: Issues and Prospects

Dr. Choong Y. Lee, Pittsburg State University, U.S.A.
Ms. Meltem Tugut, Pittsburg State University, U.S.A.


Since the Soviet era, Kazakhstan has been both geographically and economically isolated from the rest of the world. Thus, as an emerging transition economy, Kazakhstan faces the need to open its borders to the world and quickly integrate into the global economy. Yet, on the contrary to the widespread belief, a speedy WTO membership may not only fail to provide the expected outcomes but also bring unfavorable consequences to Kazakhstan given the country’s unique economic environment. This paper examines the various implications of WTO accession on Kazakhstan and illustrates the significance of fostering bilateral trade relations with several key countries as an alternative strategy to a rapid acquisition of membership.


Security Considerations for RFID in Supply Chain Management

Dr. Sandip C. Patel and Dr. Ali F. Emdad
,Morgan State University,USA


The radio frequency identification (RFID) technology offers significant benefits over the barcode technology for tracking goods and supplies. The technology is poised to spread over a vast number of applications. However, little literature has discussed security issues and their implications. This paper discusses the use of RFID in supply chain management and security challenges faced by the use of the technology. We also present and analyze solutions.

Open Source Software - Does it really threaten the industry's profitable future?

Sivakumar K. Shanmugham and Sam Ramanujan Ph.D.,University of Central Missouri,U.S.A.


The Open Source software is a movement started in late 1980s to advocate the right to copy, modify, and distribute the source code along with the software. What started as a social movement to address the ethical issues with proprietary software development has ultimately given rise to a new development methodology and a new business model. However, many legal, technical, and political issues surround F/L/OSS. Open source software follows a broad licensing model that is very different from the existing commercial software licenses which often results in legal issues due to misinterpretation, misinformation, and conflicting viewpoints. The future of open source depends on how well the open source communities overcome the legal, technical, and economic issues in the years to come

When to sell to the retailer: a game-theoretic analysis

T T Niranjan,B Mukhopadhyay
Management Development Institute


Is superior information necessarily better for a firm in a supply chain? To analyse this, we model a one-period, two-echelon supply chain facing stochastic demand. When the retailer buys before (after) demand uncertainty is resolved, the retailer (manufacturer) faces the entire risk. It would seem that the retailer always prefers to buy late. However, a manufacturer who knows the retailer is going to buy after observing demand, may possibly produce so much less (to reduce her risk of overstocking) than before, that the retailer is worse off by buying late. We derive and compare the equilibrium quantities in the two cases, and develop insights into the factors they depend on.

The Overseas Chinese and Taiwan Global Media

Chen , Wei-Chih, Ph.D, Hsuan Chuang University, Taiwan


According to the results of the viewers’ satisfaction survey done by Taiwan Macro View Television in October of 2007, about 84% of the viewers are immigrants from Taiwan and 45% of them from North America. Meanwhile, in South East Asia, the viewing rates are significantly low. However, the overseas Chinese disperse in southeast Asia, and there are many Taiwanese invest over there, one should pay attention to this situation.. Taiwan needs to carefully review the investing plan, to face the arrival of the global media age, and to promote Taiwan TV products and to increase the ability of competing internationally.

The impact of ERP on Organizations’ effectiveness: A Literature review

Anpam Saxena ,Prof. M P Jaiswal ,and "Arif Khan K" ,doctoral student at
Management Development Institute Gurgaon,India


ERP ia a business management system which integrates all facets of business like inventory,order tracking,customer service,Finance,human resources,quality management etc. ERP SYSTEMS are implemented in any organization to improve over all effectiveness of the organization. In late nineties academic research on ERP has evolved rapidy presenting a vast scope for conducting research this paper seeks to address this need by exploring and synthesizing the academic literature on ERP particularly to ubderstand the effectiveness of organizations after ERP implementation.This paper offers a roadmap of the ERP literaturehightlighting whateverhas been done so far and how workfits under a common umbrella and about the future directions of research.

Paper looked at the research objective,methods used and theoretical foundations.In identifying the major research objectives we view ERP as an organizational decision process and adopted Simon’s Stage Model of Decision Making which allows us to identify five major ERP issues.Based on the discussion of the research objectives,theoretical foundations and research approaches taken in literature we believe that research on these phenomenon like ERP would benefit from standing on the tower of what has been already achieved and accomplished in the field of ERP so far in academic literature.Since ERP is a recent phenomenon literature review was mainly carried out of journals from 1999 to 2005 using online databases like Emerald,Proquest and Ebsco so as to select relevant articles from diverse verticals

e-Recruitment: Research Gaps at the Intersection of Technology and Talent Attraction

Linda C. Isenhour, Eastern Michigan University
Kimberly M. Lukaszewski, State University of New York at New Paltz
Dianna L. Stone, University of Texas at San Antonio



Attraction of talented individuals is believed to be crucial to achieving strategic goals established by organizations DOCVARIABLE SH5_S2_C89(Delery & Doty, 1996; Holland, Sheehan, & De Cieri, 2007; DOCVARIABLE SH5_S2_C90March & Simon, 1958; Tulgan, 2001). Researchers have identified and investigated a number of recruitment sources used to attract talented applicants. However, less research has focused on the impact of emerging recruitment sources associated with technology (e.g., Internet). Therefore, organizations are faced with an increasingly important new source through which to reach job seekers, but with little understanding of how e-recruiting impacts their recruitment strategy or outcomes. Closing this research gap is particularly urgent because information technology researchers have reported that individuals differ in their perceptions of, and preferences for, technological interactions DOCVARIABLE SH5_S2_C94(Gefen & Straub, 1997). Based on the DOCVARIABLE SH5_S2_C96Rynes (1991) model of recruitment, we review existing literature on e-recruiting and selected recruitment factors, (b) identify research gaps, and (c) suggest testable hypotheses for future research.


A Comparative Analysis of Gender Wage Inequality In the Early 2000’s

Diamando Afxentiou, Ph.D, New York Institute of Technology, U.S.A.


According to Census data, a substantial wage gap among males and females exists even in the early 2000’s. This paper investigates the gender wage gap among young adults, 18 to 24 years old by utilizing the NLSY97 data for the year 2003. The regression analysis finds gender (being a male) to have a significant positive effect on wages. A tabulation of first jobs performed by males and females with the same educational level reveals that in certain professions, on average, men are earning more than women.

Study of Heterogeneous-VoIP Interworking Framework and User Communication Behaviour

Chih-Chang Shen, Tung-Ming Koo, Bo-Lin Kuo

Department of Information Management, National Yunlin University of Science and Technology, Taiwan


Internet has gradually become one of the focuses of modern people. As information technology keeps forwarding, all kinds of newly emergent communication technologies get boomed in internet, people can have access to more multi-element contact ways for communication. VoIP is currently a very popular internet application and heterogeneous internet communication system, at this moment, has become a trend. Currently, two mainstreams of instant message yahoo and MSN have reached inter-communication integration in the instant message communication structure; heterogeneous VoIP communication platform framework is proposed in this study so that users can perform heterogeneous communication more effectively; moreover, the construction cost can be reduced so that enterprise and general user can use it more conveniently.

Labour in the New Industrial-Relations Era: Global and Indian Perspectives

Debi S. Saini Ph.D ,Management Development Institute, India


The globalization dynamics has posed a serious challenge to countervailing power of labour in industrial relations (IR) in most parts of the world. Trade unions are in severe crisis in public as well and private sectors. In India a more impacting brunt is being felt by especially unions belonging to the private sector. IR frameworks in this sector are getting so structured as to reflect emergence of a higher degree of unitarism that is being promoted by employers openly or covertly. A new industrial relations (NIR) paradigm is clearly being seen as emerging. Especially in the developing world including India labour power has got a more severe blow than that in the developed world. This paper discusses the legal framework of labour power in India; factors that have promoted dilution of labour power in general as well as in Indian context; traditional IR framework and the crisis noticeable in it; and the emerging IR scenario in the new dispensation. At a normative level, it argues that the role of the state is indispensable in salvaging labour power in any enlightened society; and also that unions too have to change themselves and search newer roles in the contemporary IR dynamics so as to bring about an acceptable compromise on fundamental principles of IR in the new economy.

Efficiency of the Stock Markets at the Issuance of Convertible Debt in the USA and India

Y. Lal Mahajan, Monmouth University, U.S.A.


This paper examines the effects on the value of the firm at the issuance of convertible debt in an electronically developed country, like USA and less developed counterpart, like India. Since the convertible debt is a combination of straight debt and an option, we theorize that the signaling effect coupled with tax benefits of only debt is increased. In addition, this positive effect is heightened because of decrease in agency costs usually associated with straight debt resulting in positive abnormal returns to the stockholders[1]. This effect may be exacerbated in less developed countries because of less efficient capital and stock markets. We examine this theory empirically using convertible data for the USA and India. In addition, we also examine the effect of different conversion ratios on the stock market both in India and the U.S. We found that instead of positive abnormal returns as theoretically hypothesized accruing to the stockholders, they lose their wealth by a significant amount at the announcement of convertible debt casting doubt on a) signaling hypothesis, b) tax benefit hypothesis, and c) agency cost hypothesis. These negative abnormal returns may be due to the asymmetric information at the issuance of convertible debt. Secondly, the effect on the value of stocks is delayed by four to five days in less developed country, like India but is instantaneous in developed countries, like the U.S. signifying that the capital markets may be less efficient in India than in the U.S.

Using BVAR Model to Forecast High Technology Stock Price

Chi-Hsiu Wang and Syang-Ke Kung, Ching Yun University,Taiwan


For investors in Taiwan, stock price forecasting of high technology industries is very important because most investments are in high technology stock. The stock price of high technology influences the Taiwan stock’s index frequent fluctuation, especially the price of two companies: TSMC and UMC. Stock price forecasting in high technology industries, however, is difficult. In this article we examine the forecasting performance of using Bayesian vector autoregressive (BVAR) forecasts. In our examination we use non-informative prior (diffuse prior) to compare with autoregressive (AR) by using two criterions. Our results showed that the non-informative prior (diffuse prior) BAVR is the better predictive model, and we recommend it to forecasting practice

Truth-Inducing Pay Schemes and Budget Slack

Sue-Mei Lin, Shu-Te University, Taiwan
Yu-Ru Hsu, Chang Jung Christian University, Taiwan


Truth-inducing pay schemes are devised to eliminate subordinates’ slack for management planning and control. However, many empirical studies reported that subjects still created slack even though such schemes were used by organizations. In this vein, the current study based on decision behavior under uncertainty showed that if the bonus parameters in the schemes are not well designed, their effectiveness to induce subordinates to disclose private information will be lost. Moreover, this study builds the relationship among the bonus coefficients of truth-inducing schemes to limit subordinates’ slack. The results of this study may help managers design a more effective truth-inducing pay scheme for practical use.

The Level of Usage of Accounting Data by SME in Malaysia

Dr Khalid b. Ismail, Dr Kamisan b. Gadar,Norizan b. Saad
Universiti Pendidikan Sultan Idris, Malaysia


This study is aimed to determine the level of usage of accounting data by SME in Malaysia. The study is carried out as a survey that involved a sample size of 429 respondents. Questionnaires were used as an instrument which consists of 11 subjective items that were classified into 4 sections (Section A: about organization; Section B: about respondents; Section C: about accounting department; and Sections D: about the level of usage of accounting data). The data was analyzed descriptively by using frequency and percentage. The findings of this study indicate that the level of usage of accounting data by SME in Malaysia is at medium level. The study has proved that the business characteristic has a significant relationship with the level of usage of accounting data. The results of the study gave a better understanding to the owners, managers, government agencies and banks of the importance of accounting data. Therefore, the parties concern can judge the performance of business by seeing the level of usage of accounting data.

Cultural Values and Plagiarism:A Study of Australian,Malaysian,and Mauritian Business Students

Victor Egan
Curtin University of Technology,Australia


This paper presents the results of a study which sought to distinguish attitudinal differences to the issue of plagiarism among Malaysian (n=105), Mauritian (n=49), and Australian (n=96) undergraduate business students. The results show that national culture and gender influence attitudes to plagiarism. The Malaysian students generally reported greater propensity to plagiarise because their peers were perceived to be doing so, and because of excessive academic workload. In addition, Malaysian males reported a greater propensity to plagiarise than Malaysian females, and offshore Malaysian students were more tempted to plagiarise then their onshore counterparts. The Mauritian students reported greater propensity to plagiarise because of excessive academic workload, but were less affiliated to perceived peer action than was the Malaysian sample group. Implications for universities are provided.

Factors Influencing Student Choice of Smaller Regional University Campuses

Shameem Ali, Victoria University,Australia


The last decade has seen increasing diversity in the Australian tertiary scene, characterised by competition in domestic and global markets. Universities are attempting to extricate themselves from the rigidity of intense regulation to enable the growth of a diverse range of strategies, from the inclusion of work-based components to a complete reframing of degree programs. One consequence of this change is that many smaller and regional University campuses are faced with difficulties in filling funded places while the larger, more prestigious Universities are able to command more of the market through offering undergraduate full-fee places.

This paper reports on the influences on course selection of the 2006 intake of first year business and sports administration students at the Sunbury Campus of Victoria University, north of Melbourne, Australia. The study finds that students are attracted to smaller campuses by specific, unique and desirable programs of study, and that their main sources of influence in course selection are parents and careers teachers. The study also finds that students who attend smaller campuses report considerable benefits and satisfaction from being part of a smaller learning community. These observations can be usefully incorporated into the strategic marketing and promotion of small, regional University campuses.

Application of the Self-Efficacy Model to Teaching Cultural Intelligence in Business Education

Morgan Milner, Ph.D., Eastern Michigan University
Megan Endres, Ph.D., Eastern Michigan University


This paper presents a theoretical consideration of the relationship between self-efficacy and cultural intelligence in business education settings. The authors illustrate how business communication educators may improve student self-efficacy towards engaging in culturally intelligent communication. The paper suggests how persuasion, enactive mastery, modeling, and physiological arousal are all effective methods that can enhance existing business and management communication curricula. Suggestions for future research are offered along with practical implications for business educators

Teaching Global Competency to US Students: A Study
Abroad Approach

Nabarun Ghose and Lajja Shah,The University of Findlay,U.S.A.


International exposure of students is very essential in today’s globalized world. Experiential learning plays a major role in developing global competencies in students, making them more marketable globally. Study abroad is one such experiential learning tool that helps build global competencies in students. This paper will address the role of study abroad in teaching global competencies to US students making them more valuable to the organizations that utilize their services.

Why Good News Is Better Than Bad News?

Ching-Mei Chu , Ling Tung University,Taiwan
Chih-Cheng Yeh, Ling Tung University,Taiwan
Hsing-Hui Chu, Ling Tung University,Taiwan


This study will use the hyperbolic discounting point to classify people into 4 kinds of person. After analyzing the data, it is surprising to know that the proportion of 4 kinds of people is different. The proportion of BB type is much higher than the others. The status of classification people into 4 kinds of person is independent of answering the questions. We find people preferred good news rather than bad news. Especially under the anchoring effect condition, the difference between good news and bad news become stronger.

Taiwan Institute of Business Administration  @ 2008.All Rights Reserved


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ISSN: 1813-0534