International Journal of Management and Business Studies

International Journal of Management and Business Studies ISSN 2167-0439 Vol. 13 (4), pp. 001-012, April, 2024. Available online at www.internationalscholarsjournals.org © International Scholars Journals

Review

Legal Frameworks and Their Role in Safeguarding Minority Shareholder Rights Amid Ownership Concentration and Information Disparities

Saadaoui Amir and Boujelbene Younes

Faculty of Economics and Management, University of Sfax, Tunisia

Accepted 27 November, 2023

This paper studies the impact of law on the protection of minorities, the concentration of ownership and information asymmetry on the basis of a comparison between civil law countries and common law countries. This comparison is done by comparing the origin of these two types of law and the rights that protect minority shareholders against expropriation of shareholders and executives. Similarly the comparison happens to the concentration of ownership, based on the LLSV studies, and information asymmetry by studying the problems of this asymmetry as well as solutions. This study was made by comparison of 11 countries and 11 civil law common law countries. These results allow us to say that minority shareholders are protected in the common law countries than in civil law countries, and for the concentration of ownership that is most popular in common law countries than in civil law countries. Against by the asymmetry of information the legal system has no effect on this variable.

Keywords: corporate governance, protection of minority, concentration of ownership, information asymmetry

International Journal of Management and Business Studies ISSN 2167-0439 Vol. 13 (4), pp. 001-009, April, 2024. Available online at www.internationalscholarsjournals.org © International Scholars Journals

Full Length Research Paper

Assessing the Implementation of Total Quality Management Strategies in Iranian Sports Hotels: A Critical Analysis

Mahdi Sharifi Moghadam1, Emadodin Sayadi2 and Ali Moharer3

1,2- Department of Physical Education, Science and Research Branch, Islamic Azad University, Kerman, Iran
3- Department of Physical Education, Bam Branch, Islamic Azad University, Bam, Iran

Accepted 12 December 2023

The management of total quality is a management philosophy that is aimed to apply all organizational resources such as employees as the most effective factor to reach the organizational objectives. Therefore, TQM involves all activities of an organization from sale and marketing to designing, production and after sale services. This study is aimed to gain a better understanding of vital factors of success (CSF) of TQM in the sector of Iranian industry of sport lodging. With regard to supreme objectives of TQM, the conditions of vital factors to success of Iranians athlete's house is studied in this paper to settle the discipline of TQM. The studied society in this study is formed of all sport lodgers throughout Iran. Through a questionnaire the related factors were asked of 138 employees of athlete lodging and their views were indicated. The questionnaire is based on the standards of the international quality prize, Malcom and Baldrig (1991). It involves 47 questions based on 7 vital factors of success (leadership, strategy and policy, focus on customer, information's analysis, focus on human resources, management process and business results), and the subsystems available in organization are considered including educational systems, employee corporation, efficiency assessing, reward and punish, quality, customer relation, inspecting and .... The dynamic coefficient of questionnaire was calculated by the method of “kronbach alpha” which α=0.89 was obtained. After evaluating hostels, their strengths and weaknesses were analyzed. To analyze data, the descriptive statistical techniques were performed by using SPSS20 software. Calmogeraf esmeirnof test was used to analyze the natural condition of data and freedman test was used to classify the factors and T1 test was used to compare vital factors of success in TQM in the terms of graduations and participation history. The obtained data in the term of success vital factors in TQM at athlete hostels indicated that among seven studied main factors, the factor of focus on customer has the most pleasant conditions and leadership factor has the worst conditions, and factors of strategy and policy, leadership, focus on customer, information's analysis, focus on human resources, management process and business results had meaningful difference at the level of p0.05. The mentioned studied shows the poor conditions of TQM strategy in the sector of Iran industry of sport lodging that requires more efforts in this field.

Keywords: total quality management, the vital factors of success, lodging industry.
 

International Journal of Management and Business Studies ISSN 2167-0439 Vol. 13 (4), pp. 001-017, April, 2024. Available online at www.internationalscholarsjournals.org © International Scholars Journals

Full Length Research Paper

Poverty Profiles Across Labor Market Segments in Benin

Alastaire Sèna Alinsato* and Wilfied Houedokou**

*University of Abomey-Calavi Faculty of Economics and Management 02BP2163 Gbégamey-Cotonou Republic of Benin, Cel (+229) 97871700

**CAPOD/Rep of Benin

Accepted 09 January 2024

This article, based on the theory of labor market segmentation tries to assess the participation in the labor market in connection with poverty status. Using cross-sectional data from household standard living condition survey of 2006 and K-means algorithm, the paper shows that the labor market in Benin consists in five segments that can be characterized by irregular workers, rural vulnerable independent, rural competitive salaried, urban competitive salaried and a mixed group of protected employees and independent with capital. The poverty profile for each segment is produced. The segments of rural vulnerable independent and that of the rural competitive salaried proved to be the poorest. The poverty status is estimated with a continuous censored dependent variable with selection controlled for by the conditional probabilities deriving from a multinomial logit. Results show the presence of unobserved factors affecting participation in segments that influence poverty status.

Keywords: K-mean algorithm, poverty, labor market, selection bias.
 

International Journal of Management and Business Studies ISSN 2167-0439 Vol. 13 (4), pp. 001-007, April, 2024. Available online at www.internationalscholarsjournals.org © International Scholars Journals

Full Length Research Paper

The Relationship Between Fundamental Analysis and Equity Performance: Insights from the Indian Market

Venkates CK1*, Dr.Madhu Tyagi2 and Ganesh L3

1(Research Scholar, IGNOU, Maidan Ghari, New Delhi) Assistant Professor, GFGC, Kadugudi, Bangalore-560 067
2Professor, School of management, IGNOU, Maidan Ghari, New Delhi
3Professor, Institute of Management, Christ University, Hosur Road, Bangalore-560 030.

Accepted 22 November, 2023

This paper investigates the relationship between accounting information and stock returns of selected Indian stocks pertaining to Information Technology, Banking and Pharmacy sectors over the past ten years starting from 2001 to 2010. In this research work a simple financial score is designed to capture short term changes in firm’s operating efficiency, Profitability and Financial policy. Investigating accounting information and stock returns is a method adopted in Fundamental analysis, which is helpful in predicting future stock returns and for explaining the momentum phenomenon in stock prices. For the purpose of this research work were chosen from Banking, Pharmacy and Information Technology. For a period of ten years the data pertaining to operating efficiency, profitability and financial policy was ascertained. All this data is then put into F SCORE as developed by Piotroski in the year 2000. The score values and market returns as provided by the companies were correlated to investigate the relationship between the score and the market adjusted returns. The goal of this paper is to show that investors can create a stronger value portfolio by using simple historical financial performance.

Keywords: Fundamental analysis, Financial Statements, Return on assets, Book to market ratio.
 

International Journal of Management and Business Studies ISSN 2167-0439 Vol. 13 (4), pp. 001-018, April, 2024. Available online at www.internationalscholarsjournals.org © International Scholars Journals

Full Length Research Paper

Corporate Governance and Firm Outcomes: Evidence on Board Structure and Ownership from Egypt

Abdelmohsen M. Desoky1 and Gehan A. Mousa2

1Accounting Department, South Valley University, Egypt. Currently, he is the Head of Accounting Department, University of Bahrain.
2Accounting Department, Benha University, Egypt. Currently, she is working at the University of Bahrain.

Accepted 11 December, 2023

This study investigates the effect of board ownership and characteristics on firm performance (FP). It provides evidence on this effect using a sample of 96 of the most active listed Egyptian companies on the Egyptian Stock Exchange (EGX). The paper employs OLS and 2SLS regression analysis to test the association between board ownership and characteristics and FP measured by three different measures namely return on assets - ROA, return on equity - ROE, and Tobin's Q. Board characteristics variables are statistically significant associated with FP when measured by ROA. Only one of the three 2SLS models developed in this study (ROA model) is significant. Regarding the two competing arguments related to the effect of board ownership on FP (namely the interest alignment and the entrenchment effects), the argument of alignment effect was supported. Furthermore, findings from 2SLS regression models of FP when measured by ROA support the argument that non-linear relationship may exist between some variables of board ownership and characteristics from one side and FP from the other.

Keywords: Firm Performance, Board Ownership, Outside Directors, CEO/Chair Duality, The Egyptian Exchange, The EGX 100.
 

International Journal of Management and Business Studies ISSN 2167-0439 Vol. 13 (3), pp. 001-012, March, 2024. Available online at www.internationalscholarsjournals.org © International Scholars Journals

Full Length Research Paper

Unpacking the drivers of affective organizational commitment and turnover intentions in Malaysian academic settings: An organizational support theory approach

Lew Tek Yew

School of Business, Curtin University of Technology, CDT 250, 98009 Miri Sarawak, Malaysia. E-mail:

[email protected]. Tel.: 6-085-443123. Fax: 6-085-443950.

Accepted 25 June, 2023

Abstract

This study aims to test the structural model that explains the relationships between career development opportunities, POS, felt obligation, affective organizational commitment and turnover intention of academics working for one of the foreign offshore campuses of Australian universities in Malaysia. This study is driven theoretically by the social exchange theory and the organizational support theory. The structural equation modeling (SEM) method was used to test the fitness of the structural model and the hypothesized model represented a good fit to the data. This paper contributes to the limited body of knowledge about the psychological processes underlying the formation of organizational commitment through the perspectives of the social exchange theory (Blau, 1964) and the organizational support theory (Eisenberger et al., 1986; Eisenberger et al., 2001).

Key words:  Perceived organizational support, affective organizational commitment, turnover intention.