International Journal of Management and Business Studies

International Journal of Management and Business Studies ISSN 2167-0439 Vol. 7 (7), pp. 001-010, July, 2017. © International Scholars Journals

Full Length Research Paper

The moderating effects of employee personality characteristics on organizational commitment during periods of organizational change

Jennifer Shu-Jen Lin¹*, She-Cheng Lin² and Ben-Yuan Lin³

¹Department of Transportation Logistics and Marketing Management, Toko University, Taiwan.

²Department of International Business, Chungyu Institute of Technology, Taiwan.

³Department of Mechanical Engineering, Lee-Ming Institute of Technology, Taiwan.

Accepted 12 March, 2017

Abstract

The process of organizational reform often damages employee organizational commitment. Therefore, methods able to maintain or enhance such commitment are of value to organizations undergoing reform. The main objective of this research was to consolidate theories on work characteristic change and organizational commitment in work characteristic models, and to propose a research framework to interpret how organizations reinforce and enhance employee organizational commitment in changing environments. Targeted samples included employees of domestic Taiwan banks that had been merged with or acquired by a non-Taiwanese bank. With a total of 303 effective questionnaire surveys returned and multiple regression method used, results indicate that, in a changing organizational environment, work characteristic change helps raise employee organizational commitment, and that employee personality attributes impact upon the actual effect that work characteristic change has on an individual employee’s organizational commitment. In addition, results found that work characteristic change has a greater effect on organizational commitment in employees’ external locus of control personalities than in those with internal locus.

Key words: Work characteristic change, employee personality characteristics, internal locus of control, external locus of control, organizational commitment.

International Journal of Management and Business Studies ISSN 2167-0439 Vol. 7 (7), pp. 001-014, July, 2017. © International Scholars Journals

Full Length Research Paper

Application of VaR in emerging markets: A case of selected Central and Eastern European Countries

Goran Andjeli¹*, Vladimir Djakovi² and Slobodan Radiši³

Faculty of Technical Sciences, University of Novi Sad, Novi Sad, Serbia.

Accepted 11 April, 2017

Abstract

The possibility of market risk quantification in global recessive business conditions is especially significant in investment processes on emerging markets. Thus, in this paper, we investigate the relative performance of Value at Risk (VaR) methods with the daily returns series of four different emerging markets. The research covers the sample representing Slovenian (SBI20), Croatian (CROBEX), Serbian (BELEXline) and Hungarian (BUX) stock indices. The tested VaR methods are the Historical simulation (HS) and Delta normal VaR with rolling windows of 50, 100, 200 and 250 days. Subject of this research is to determine the possibility of application of the HS and Delta normal VaR with 95% and 99% confidence level in investment processes on the emerging markets of the selected Central and Eastern European countries. The applied methodology during the research includes analyses, synthesis and statistical/mathematical methods. The main goal of the research is to test the performance of the HS and Delta normal VaR with 95% and 99% confidence level estimates as functions of determining the maximum possible loss from investment activities on emerging markets. Research results indicate that methods shown to afford accurate VaR estimates in developed markets do not necessarily have application on the emerging markets.

Key words: Value at risk, emerging markets, risk management, historical simulation, Delta normal VaR, investment processes, VaR backtesting.

International Journal of Management and Business Studies ISSN 2167-0439 Vol. 7 (6), pp. 001-011, June, 2017. © International Scholars Journals

Full Length Research Paper

Implementation of regulation-based e-procurement in the Eastern Cape provincial administration

D. Van Greunen*, M. E. Herselman and J. Van Niekerk

School of ICT, Faculty of Engineering and the Built Environment, Nelson Mandela Metropolitan University, Port Elizabeth, South Africa.

Accepted 16 September, 2016

Abstract

The study focuses on e- procurement as government is currently in the process of transforming procurement practices in line with national economic strategy. In order to address various socio-economic challenges, government is turning to technology to address issues such as outdated procurement practices. E-procurement promises the introduction of internationally accepted best practices to help government deliver on its mandate to its constituency. An in-depth background of South African legislation that governs the procurement practices in line with National Economic Development Initiatives is sought to give an insight into this paper. The paper explores how best Eastern Cape Provincial Administration can succeed in achieving the national and provincial socio-economic growth objectives. Reports and other primary sources of data were consulted, and expert interviews were conducted to answer this question. It was found that measurable benefits of supply chain management have not yet been realized due to general limited understanding of how supply chain management concept works within government environment. Other limitations to mention but a few include lack of understanding in the implementation of policy and legal framework that govern procurement, obsolete, disparate procurement systems and ICT infrastructure.

Key words: E-procurement practices, e-government, supply chain management.

International Journal of Management and Business Studies ISSN 2167-0439 Vol. 7 (6), pp. 001-014, June, 2017. © International Scholars Journals

Full Length Research Paper

An analysis of technology market from the perspective of technology life cycle

Sheng-Hsien Lee

Department of Business Administration, School of Management Yu Da University, No. 168, Hsueh-fu Rd., Miao-li County, 36143, Taiwan. E-mail: [email protected].

Accepted16 September, 2016

Abstract

In many ways, technology policy as a ‘visible hand’ in the technology market often exerts significant economic effects on firms’ investing behaviors regarding research and development (R&D) and technology transaction. In addition, proper management of technology is critical to the foundation of national and organizational competitiveness. With the ongoing rivalry between mainland China and Taiwan, national security is always a significant policy concern for all parties. Technology Protection Act (TPA) has recently been brought about by Taiwan government to better the environment of technology development and strengthen national security. An institutional perspective is taken in this paper in analyzing its potential effects on industry development. As time is one of the essential elements in understanding the characteristics of market development, both technology and industry policy makers need to have in mind the dynamic nature of technology market while crafting the framework of policies. In this paper, efforts have been made to develop an integrative model based on Technology Life Cycle (TLC) and Transaction Cost Economics (TCE) to address its potential impact on the institutional environment and thereby on both demand and supply behavior of technology market participants. Suggestions are formulated for policy makers.

Key words: Technology market, life cycle, transaction cost economics, governance, institutional theory.

International Journal of Management and Business Studies ISSN 2167-0439 Vol. 7 (5), pp. 001-013, May, 2017. © International Scholars Journals

Full Length Research Paper

How to manage knowledge well? Evidence from the life insurance industry

I-Shuo Chen¹* and Jui-Kuei Chen²

¹Institute of Business and Management, National Chiao Tung University, Taiwan.

²Graduate Institute of Futures Studies, Tamkang University, Taiwan.

Accepted 14 Januar, 2017

Abstract

As using knowledge management and performance effectively to gain competitive advantage is becoming critical in today’s knowledge-based economy, an increasing number of industries are trying to explore optimal methods of managing knowledge- based assets, so-called intellectual capital (IC) in both visible and invisible forms and evaluate their performance in this regard. In Taiwan, the life insurance industry includes two crucial factors: first, it is one of main mechanisms that could significantly influence Taiwanese economic growth; and second, knowledge needed for high performance itself. However, not only is difficulty in professions growing, high flow rate of talent and an increase in, and extension of, diversity services, but the recent global economic depression is a drawback that is seriously damaging competitive advantage domestically and internationally. This phenomenon also obviously affects Taiwanese economic growth. Since the renaissance and auspicious future of Taiwanese life insurance industry might be expected by senior life insurance experts, the aim of this study is on the basis of its development nature, profit generation by effective knowledge management, to overcome the highlighted difficulties by developing the critical criteria of IC and utilizing the developed IC criteria to explore the benchmark company. This is accomplished through a hybrid multiple-criteria decision-making (MCDM) approach based on a decision-making trial and evaluation laboratory (DEMATEL), the analytic network process (ANP), and VlseKriterijumska Optimizacija I Kompromisno Resenje (VIKOR). Companies in the life insurance industry are encouraged to successfully evaluate and improve knowledge management performance based on the research findings, to bring about radical change in the existing state of affairs and to develop future strategies efficiently and solidly.

Key words: Intellectual capital, life insurance industry, DEMATEL, ANP, VIKOR.