ISSN 2167-0439
Research Article
International Journal of Management and Business Studies ISSN 2167-0439 Vol. 9 (1), pp. 001-008, January, 2019. © International Scholars Journals
Full Length Research Paper
What should they do? Capital structure behavior in financially-distressed firms
Hsu-Ling, Chang1,2, Chi-Wei, Su2,3*, Liang-Chieh, Weng4 and Yahn-Shir Chen5
1Department of Accounting and Information, Ling Tung University, Taichung, Taiwan.
2Department of Finance, Xiamen University, China.
3Department of International Business, Tamkang University, Taichung, Taiwan.
4Department of International Business, Providence University, Taiwan.
5Department of Accounting, National Yunlin University of Science and Technology, Taiwan.
Accepted 13 November, 2018
Abstract
We set out in the present study to analyze the differences in capital structure within financially-distressed firms under the ‘trade-off’ and ‘pecking order’ theories, and to determine which financing approach is more beneficial to such financially-distressed firms. Our econometric analysis is performed under the following two steps. Firstly, we select a number of firms under financial distress and attempt to identify their capital structure in order to determine their characteristics. Secondly, we divide our sample of financially-distressed firms into two categories, the first of which are referred to as ‘Truly Failed’ firms, whilst the second category is referred to as ‘Normal’ firms (those previously in financial distress but which subsequently recovered and ultimately resumed their normal operations). Prior to the occurrence of financial distress, support is provided by both the ‘Normal’ firms and ‘Truly Failed’ firms for the ‘pecking order’ theory, thereby indicating that these firms have no specific preferences for financing. Following the occurrence of financial distress, the empirical results on the ‘Normal’ firms continue to provide support for the ‘pecking order’ theory, whereas the results on the ‘Truly Failed’ firms provide no such support.
Key words: Financial distress, capital structure, trade-off theory, pecking order theory.
Chang , Weng and Yahn-Shir Chen, Hsu-Ling , Su* , Chi-Wei , Liang-Chieh
Page: 1 - 8
Research Article
International Journal of Management and Business Studies ISSN 2167-0439 Vol. 9 (1), pp. 001-004, January, 2019. © International Scholars Journals
Full Length Research Paper
Factors influencing agricultural extension staff effectiveness in public institutions in Erzurum, Turkey
Ayse Sezgin1*, Tuba Erem Kaya2, Tecer Atsan3 and Hediye Kumbasaro lu4
1The Ministry of Agriculture and Rural Affairs, Erzurum Governorship, Agricultural Directorate of Province, Turkey.
2The Ministry of Environment and Forestry, Environment and Forestry Directorate of Erzurum City, Turkey.
3Department of Agricultural Economics, College of Agriculture, Ataturk University, 25240 Erzurum, Turkey.
4The Ministry of Environment and Forestry, the Directorate of DS VIII. District of Erzurum City, Turkey.
Accepted 13 October, 2018
Abstract
In order to determine the effectiveness of the agricultural extension staff working in public, a survey was carried out on 131 extension staff employed in the counties and centre of Erzurum city. The data obtained from the survey was analyzed using OLS (ordinary least squares) model in GRETL software. The number of days an extension personnel spends on the land on a monthly base and the average number of farmers interviewed for training purposes were taken as dependent variables to indicate the effectiveness of extension staff. In addition, the factors which were influential on these variables were determined. As a result of the analyses, the following issues were found to be influential on the effectiveness of the extension practices of the extension staff working in the public institutions: regional differences; the age, the marital status, the graduation date of the extension member; whether the member received an extension education; whether the member thought the job he/she was carrying out was appropriate for his/her specialty; the number of the villages served; and whether the member received an in service training. It was concluded that the extension staff employed in public institutions should receive in service training periodically on a constant base, studies should be carried out to limit the number of farmers and the villages an extension member is in charge of, the extension staff should be employed in fields appropriate for their specialty and that they should receive adequate training in agricultural extension regardless of their specialty.
Key words: Agricultural extension, OLS (Ordinary Least Squares), Erzurum.
Tecer Atsan and Hediye Kumbasaro lu, Ayse Sezgin*, Tuba Erem Kaya
Page: 1 - 4
Research Article
International Journal of Management and Business Studies ISSN 2167-0439 Vol. 8 (12), pp. 001-010, December, 2018. © International Scholars Journals
Full Length Research Paper
An empirical research of the effect of internet-based innovation on business value
Pedro Soto-Acosta1*, Euripidis Loukis2, Ricardo Colomo-Palacios3 and Miltiadis D. Lytras4
1Department of Management and Finance, University of Murcia, Campus de Espinardo, 30100 Espinardo (Murcia), Spain.
2Department of Information and Communication Systems Engineering, University of the Aegean, 83200 Karlovassi (Samos), Greece.
3Computer Science Department, Universidad Carlos III de Madrid, Av. Universidad, 30, 28911 Leganés (Madrid), Spain.
4Deree College, The American College of Greece, 6 Gravias Street, Aghia Paraskevi. GR-15342, Athens, Greece.
Accepted 11 March, 2018
Abstract
In recent years, much debate about the value of information technology (IT) in general and e-business in particular and has been raised. Aiming to contribute to the investigation of whether and how Internet/WWW technologies create business value, this paper develops a conceptual model, grounded on a well established theoretical foundation from the strategic management domain, the resource-based view (RBV) of the firm, which analyzes web infrastructure and internet-based innovation as sources of business value. The methodology involved a large data source collected by the European e-Business Market Watch, an established e-business observatory organization sponsored by the European Commission. Results show that web infrastructure is not significantly related to business value, while on the contrary Internet-based innovation has a positive significant impact on business value. In addition, results show no significant complementarities between web infrastructure and internet-based innovation. These findings indicate that firms should be very careful when they decide to make this kind of investments, since they have to combine ‘hard’ investments in web infrastructure with ‘soft’ investments for the development of new products, services and processes exploiting the capabilities of this infrastructure.
Key words: e-Business, information technology, resource-based theory, Internet, innovation, business value.
Pedro Soto-Acosta*, Euripidis Loukis, Ricardo Colomo-Palacios and Miltiadis D. Lytras
Page: 1 - 10
Research Article
International Journal of Management and Business Studies ISSN 2167-0439 Vol. 8 (12), pp. 001-010, December, 2018. © International Scholars Journals
Full Length Research Paper
Internet self-efficacy, computer self-efficacy and cultural factors on knowledge sharing behavior
Pei-Lee Teh1*, Chin-Wei Chong1, Chen-Chen Yong2 and Siew-Yong Yew3
1Faculty of Management, Multimedia University, Persiaran Multimedia, 63100 Cyberjaya, Selangor Darul Ehsan, Malaysia.
2Institute of China Studies, University of Malaya, 50603 Kuala Lumpur, Malaysia.
3Faculty of Economics and Administration, University of Malaya, 50603 Kuala Lumpur, Malaysia.
Accepted 25 August, 2018
Abstract
Knowledge sharing has been the focus of research within organizations, yet very few studies have been conducted on the influence of knowledge sharing self-efficacy and cultural factors on individuals’ knowledge sharing behavior. Given the unique social and cultural aspects of the Chinese community, this study aimed to examine the relationship between the internet self-efficacy, computer self-efficacy, cultural factors and knowledge sharing behavior among the Chinese. Data were collected from 135 Chinese students studying in Malaysian universities. This study included three variables relating to knowledge sharing self-efficacy (i.e., internet self- efficacy, beginning-level computer self-efficacy, and advanced-level computer self-efficacy) and three variables relating to cultural factors (that is, face-saving, face-gaining and guanxi). Results from the multiple regression analysis showed that advanced-level computer self-efficacy, face-gaining and guanxi were found to have significant and positive relationships with knowledge sharing behavior. Face-saving was reported to have a significant and negative relationship with knowledge sharing behavior. This research and its findings had resulted in both theoretical contribution and practical implications.
Key words: Knowledge sharing, self-efficacy, cultural factors.
Chen-Chen Yong and Siew-Yong Yew, Pei-Lee Teh*, Chin-Wei Chong1
Page: 1 - 10
Research Article
International Journal of Management and Business Studies ISSN 2167-0439 Vol. 8 (11), pp. 001-007, November, 2018. © International Scholars Journals
Full Length Research Paper
Applying DEA and Taguchi methods in plant selection and optimal layout to increase commerce management environment quality
Hsi-Chin Chen1, Shou-Yiing Hsu2, Tsu-Liang Chang1*, and Shiang-Li Yang3
1Department of Horticulture, National Taiwan University, Taipei, Taiwan.
2Department of Information Management, National Defense University, Taipei, Taiwan.
3Department of Industrial Engineering, National Chin-Yi University of Technology, Taichung, Taiwan.
Accepted 14 August, 2018
Abstract
Studies have reported that workers of today’s businesses spend 80 - 90% of the time everyday in confined working environment. In such environment the air pollution may be 10 times worse than that outdoors, with various organic compounds polluting the air, leading to increasingly compromised health in workers and work efficiency, which decrease the commerce management efficiency and marketplace competitiveness. Many studies testified that plants disposed in commerce management environment are effective in cleansing the air and help release pressure off business workers. Hence, the present research applies Data Envelopment Analysis, DEA, to the selection of indoor plants that can decrease air pollution, mitigate anxiety and increase work efficiency, also identifies the combination of plant dispositions with optimal parameter design by Taguchi method. Whereby, this paper proposes concrete recommendations as reference for enterprises to create a comfortable, elegant, refreshing and healthy commerce management environment, while building a measuring model to further enhance the management efficiency and marketplace competitiveness for enterprises.
Key words: Commerce management environment, data envelopment analysis, super-efficiency, Taguchi method, plant selection.
and Shiang-Li Yang, Hsi-Chin Chen, Tsu-Liang Chang*, Shou-Yiing Hsu
Page: 1 - 7
Research Article
International Journal of Management and Business Studies ISSN 2167-0439 Vol. 8 (11), pp. 001-012, November, 2018. © International Scholars Journals
Full Length Research Paper
Organizational learning and performance: Relationship between the dynamic and the operational capabilities of the firm
O. F. Bustinza*, L. M. Molina and D. Arias-Aranda
Department of Management, Faculty of Economics, University of Granada, Spain.
Accepted 14 July, 2018
Abstract
This paper analyzes the relationship between organizational learning mechanisms, normally regarded as dynamic capabilities, and the operational flexibility of the firm, considered as an operational capability, within the context of the measurement of firm performance. Organizational learning is a dynamic process which enables the firm to adapt to changing environments, so making it easier for it to change established behaviour patterns and routines. This dynamic capability is therefore directly related to organizational routines and the operational processes that underlie these routines, and the objective of this study is to analyze this relationship and its effect on firm performance. To this end, we carried out an empirical study to test the relationships proposed in our model. Our most important findings were firstly that there is a link between the dynamic and the operational capabilities of the firm, and secondly that the development of dynamic capabilities will result in improved firm performance.
Key words: Organizational learning, dynamic capabilities, operational capabilities, business performance.
L. M. Molina and D. Arias-Aranda, O. F. Bustinza*
Page: 1 - 12