Year 2016 , Volume  5, Issue 1, Part 2
1Study of Factors Affecting the Use of the Internet Technologies in SME: Case of the Tunisian Manufacturing Sector
Pages: 117-129
Details (986)
This research emphasizes, in a clearer and more differentiating way, the motives or the incentives of the use of the Internet Technologies (IT) by the managers of SME. It is to this problem of the use of the IT in the companies that this communication contributes, via two studies carried out with the managers of the Tunisians SME situated in the regions of big Tunis and Sahel, a quantitative and qualitative study. The results obtained from a qualitative study show globally that the use of the IT within the SME Tunisian is determined by the entrepreneurial and environmental factors. The obtained results, for the method of the structural equations, validate the proposed model by highlighting the entrepreneurial and environmental factors. Key Words: SME, Internet Technologies, Entrepreneurial Factors, Environmental Factors.
2Endogeneity of the Relationship Between Managerial Compensation and Firm Value: Evidence from French Listed Firms
Pages: 130-145
Details (1656)
The objective of this study was to examine the existence of an endogenous relationship between executive compensation approximated by the total and variable remuneration and the value of the firm. Empirically, we used a sample of 467 French listed firms during the 2004-2007 periods. We used a simultaneous-equation model where we included the governance variables and ownership structure as determinants of the relationship. The endogenous relationship was only detected between the variable remuneration and the value of the firm. It was a two-way relationship accounted for by opportunism. Any increase in compensation was negatively perceived by investors, and any increase in the value urges the shareholders to reduce the variable part of the remuneration. Key Words: Executive Compensation, Firm Value, Endogeneity, Simultaneous-Equation Model, France.
3Knowledge, Social Responsibility and Networks in Rural Microenterprises, Factors of Equality and Community Development Case: Procesadora Pecanera S. de R.L. M.I.
Pages: 146-157
Details (1479)
At present, the response given to the need of generating employment in rural areas has been the creation of enterprises which add value to the primary-sector products. This type of endeavor is called non agricultural and it has been stated that it contributes to the economic development of communities; all this demands the study of this category of business ventures. This work describes the way in which explicit knowledge is constructed in a rural microenterprise, how it is inserted into knowledge networks that support the microenterprise's development and, at the same time, through the knowledge of the needs of the community where the business is inserted jobs are generated to contract only women older than sixty years. All this reflects the enterprise’s social responsibility and the response to inclusion and equality conditions, both factors demanded in current times. Key Words: Knowledge, Social Responsibility, Knowledge Nets, Equality Factors.
4The Impact of Leadership on Job Satisfaction of Teachers in Primary Schools in Serbia
Pages: 158-175
Details (1983)
This paper presents the results of research of the effects of leadership on job satisfaction of teachers. It is shown that leadership has a strong and positive impact on job satisfaction of teachers in primary schools in Serbia. The strongest influences have the following dimensions of leadership: Contingent reward behavior, Intellectual Stimulation and Core transformational leader behavior. The moderating effect of gender and age of teachers to the observed relationship was examined. The moderating effect of years of teachers has been confirmed in a few relations, so we can say that there is a slight moderating effect on the relationship between teachers' years on leadership and job satisfaction. Primary schools principals in Serbia should devote considerable attention to developing leadership skills and improving knowledge management. In this way it is possible to achieve increased job satisfaction of teachers, which potentially creates conditions for better and effective functioning of schools. Key Words: Leadership, Teachers’ Job Satisfaction, Primary Schools, Serbia.
5 The Impact of Enterprise Resource Planning on Financial Performance in a Developing Country
Pages: 176-187
Details (4677)
In this study, we explore the impact of Enterprise Resource Planning (ERP) implementation on financial performance of firms. A literature-based model is developed to examine the relationship between ERP system status and financial performance. The empirical analyses are based on survey data drawn among 93 Iranian manufacturing firms. The finding demonstrates that the implementation of each ERP system module separately influences financial performance indicators. Besides, the results indicate that implementing complete package of ERP system might provide synergetic impact on firm’s financial performance. Based on the findings, top managers, IT managers and ERP consultants may be interested in the results of this study, because it might be increase their understanding about ERP system implementation and help them to manage and control their resources more effectively due to ERP systems implementation. Key Words: ERP, Planning, Financial, Performance, Developing Country.
6Effects of Strategic Planning on Performance of Medium Sized Enterprises in Nakuru Town
Pages: 188-203
Details (2595)
Organizations, both large and small, are faced with uncertain business conditions, competitive market environments and rapid technological changes. SMEs, are struggling to survive and are focusing on ways to improve their performance. The main objective of this study was to examine the effects of strategic planning on performance of medium sized firms. It examined the relationship between the specific steps that make up strategic planning and firm performance. To achieve this, data was collected from a sample of 47 medium sized enterprises. The results indicated that strategic planning significantly influences organizational performance. The findings reinforce the need for business owners and entrepreneurs to embrace strategic planning in order to gain competitive advantage and to ensure survival in the competitive market. Key Words: Strategic Planning, Environmental Analysis, Organizational Direction, Strategy Formulation, Performance.
7Evidence of the Momentum Effect in the Morocco Stock Market: 1995-2014
Pages: 204-213
Details (1102)
This paper investigated whether there is a momentum effect at the Morocco firm level. Using Morocco Stock Exchange data from 1995 to 2014, the paper demonstrated strong evidence of momentum effect. The return momentum effect in Morocco firm portfolios was large, where that the 6 momentum strategy with a six-month holding period generated a significant return of 0.51 percent per month on average. The results of this study also confirmed that the momentum strategy is still profitable and statistically significant when applied to sub period sample. The momentum profits for the Morocco market cannot be explained by Fama and French three-factor model. Key Words: Morocco Stock Exchange (MSE), Momentum Effect, Fama–French Three-Factor Model.
8The Knowledge Factor, the Components and the Innovatıons
Pages: 214-224
Details (883)
In this study, the knowledge as the production factor considered as the function of the variables of employed human capital, technological spillover, and information technologies, and analysing within the context of the determined model assumptions. Within this respect, the factor variables employed in R&D works, are going to investigate either as an independent variable and as the complements that interacts with the other variables or the factor components. The firms engage in product and process innovations targeted R&D investments which have quite different composition in terms of the input and nature of the output. Therefore, the combination of the optimal factor components should be change accordingly together with the kind of innovative activity. Then, the marginal return to the invented products varies. The firms’ R&D investment decisions should be effected by both of the availability level of factor variables and macro-economic conditions. On the other hand, related with the supply conditions of the research and development (R&D) sources, the external environment beside the firm’s own capacity, should also be effectual. Thereby, while the human capital intensity states the absorption and the adaptation capacity of new technologies which compose of the major capabilities internal to the firm, the basic external environment has forms from the existence of the facilities such as the legislation on intellectual property rights, availability of financial, legal and institutional means that should be effectual on the R&D investment and technological improvements. Key Words: Knowledge Factor Components, Human Capital, Knowledge Spillover, Information Technologies, Product and Process Innovations.
9A Study on R&D Performance Maximization Portfolio Analysis Technique Using AHP
Pages: 225-233
Details (1340)
R&D portfolio is a strategy tool to make investment on the basis of business strategy by enhancing the alignment of business strategy and R&D strategy. The R&D portfolio has three main purpose: strategy alignment, value maximization, and balance. Therefore, to maximize the R&D performance in the research institute of L Company in Korea, this study tries to apply AHP technique to suggest a portfolio analysis plan that makes up for the R&D portfolio improvement plan being performed. Key Words: R&D Portfolio, R&D Strategy, Business Strategy, AHP, Portfolio Analysis.
10Investigating the Relationship between Knowledge Management and Employees Innovative Behavior at Custom Organizations of Guilan Province
Pages: 234-245
Details (1022)
Nowadays organizations operate in an uncertain and complex environment. To achieve certain goals and maintain their position in a competitive world, they are forced to make changes in line with the environment. Knowledge management is one of the processes in which organizations by implementing them are able to keep the knowledge dynamic and fresh throughout the organization. Knowledge has been introduced as the basic and significant criteria in competition and in addition to knowledge, innovation also has been known as significant criteria for survival of knowledge and technology- based companies. Present study aimed to investigate the relationship between knowledge management and innovative behavior of customs employees of Guilan province. This study, considering objective is applied and considering methodology is descriptive survey. Statistical population of present study includes all 243 employees of customs at Guilan province. The sample size using a Cochran formula is estimated as 149 statistical units and sampling technique is stratified random sampling. Data collection tool is questionnaire and in order to determine the validity of the conducted research, collective opinions of scholars are used. For determining reliability, Cronbach's alpha coefficient is used. In descriptive analysis, indicators such as distribution table and frequency percentage, mean, median, mode, and standard deviation.... have been used and in inferential analysis after conducting Kalmogorov-Smiranov Test, in order to accept or reject hypotheses, Pearson's correlation test has been used and for ranking knowledge management aspects, Friedman test has been used as well. Findings suggest that there is a significant positive relationship between knowledge management and its aspects with innovative behavior of customs employees at Guilan Province. Findings of Friedman test also revealed that according to participants, dimensions of knowledge management are significantly different from each other. Also regarding respondents, the highest average in ranking is knowledge application. Knowledge exchange, knowledge organization and knowledge production are next in the ranking. Key Words: Knowledge Management, Knowledge Production, Knowledge Organization, Knowledge Exchange, Knowledge Application, Innovative Behavior, Customs Of Guilan Province.