192 research outputs found
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A New Path for Management Education in an Emerging Country
Get PDFManagement education has a long history in Turkey, but it still has so many structural problems. Both scholars and practitioners complain about the inconsistencies with theoretical and practical sides of university education in management field. Lack of critical thinking and ethical values have become first hand problems of management education both globally and nationally. This study focuses on the evolution of management education and its historical problems in the light of global perspectives. Suggestions to solve intrinsic matters in university education for a better human resource quality and business life for Turkey have been made
Correction to: Adebiyi, Sulaimon Olanrewaju, Oyatoye, Emmanuel Olateju, Amole, Bilqis Bolanle “Improved Customer Churn and Retention Decision Management Using Operations Research Approach” Emering Markets Journal 6 (2): 12-21. 10.5195/emaj.2016.101
Get PDFUniversity affiliations for first author (Adebiyi, Sulaimon Olanrewaju) and third author (Amole, Bilqis Bolanle) were changed. The numbering for Literature Review section was changed from 1 to 2. Accordingly, numbering of all future (next) sections was adjusted. Corrections to figures and tables were made. Table 2.1 is now numbered 1, Figure 2.1 is numbered Figure 1, Figure 1 is numbered Figure 2, Table 4.1 is numbered Table 2, Figure 4.1 is numbered Figure 3, Table 4.2 is numbered Table 3 and Figure 4.2 is numbered Figure 4. A duplicated reference to Adeleke, A and Aminu S.A. (2012) on page 19 was removed. The original article can be found via the DOI http://dx.doi.org/10.5195/emaj.2016.10
Improved Customer Churn and Retention Decision Management Using Operations Research Approach
Get PDFThe relevance of operations research cannot be overemphasized, as it provides the best possible results in any given circumstance, through analysis of operations and the use of scientific method thus, this paper explore the combination of two operations research models (analytic hierarchy process and Markov chain) for solving subscribers’ churn and retention problem peculiar to most service firms. A conceptual model for unraveling the problem customer churn and retention decision management was proposed and tested with data on third level analysis of AHP for determining appropriate strategies for customer churn and retention in the Nigeria telecommunication industries. A survey was conducted with 408 subscribers; the sample for the study was selected through multi-stage sampling. Two analytical tools were proposed for the analysis of data. These include: Expert Choice/Excel Solver (using Microsoft Excel) and Windows based Quantitative System for Business (WinQSB). This paper plays important role in understanding various strategies for effective churn and retention management and the ranking of churn and retention drivers in order of importance to stakeholders` decision-making. The study provided a framework for understanding the application of AHP and Markov chain for modeling, analysing and proffering solution to problem of churn and retention. The study recommends organizational strategies (corporate, business and functional) that reverse the churn alternatives with high priority and equally strengthen service delivery on high priority retention alternatives in order to ensure firms sustainable competitive advantage. An erratum to this article has been published as https://doi.org/10.5195/emaj.2017.131
A Research on the Responsibility of Accounting Professionals to Determine and Prevent Accounting Errors and Frauds: Edirne Sample
Get PDFIn this study, the ethical dimensions of accounting professionals related to accounting errors and frauds were examined. Firstly, general and technical information about accounting were provided. Then, some terminology on error, fraud and ethics in accounting were discussed. Study also included recent statistics about accounting errors and fraud as well as presenting a literature review. As the methodology of research, a questionnaire was distributed to 36 accounting professionals residing in Edirne city of Turkey. The collected data were then entered to the SPSS package program for analysis. The study revealed very important results. Accounting professionals think that, accounting chambers do not organize enough seminars/conferences on errors and fraud. They also believe that supervision and disciplinary boards of professional accounting chambers fulfill their responsibilities partially. Attitude of professional accounting chambers in terms of errors, fraud and ethics is considered neither strict nor lenient. But, most accounting professionals are aware of colleagues who had disciplinary penalties. Most important and effective tool to prevent errors and fraud is indicated as external audit, but internal audit and internal control are valued as well. According to accounting professionals, most errors occur due to incorrect data received from clients and as a result of recording. Fraud is generally made in order to get credit from banks and for providing benefits to the organization by not showing the real situation of the firm. Finally, accounting professionals state that being honest, trustworthy and impartial is the basis of accounting profession and accountants must adhere to ethical rules
Target Costing Using Fuzzy Logic
Get PDFEvery business has to earn a profit in order to survive in a competitive environment and it has to plan the profitability it has targeted. Achieving the profitability that the business aimed is only possible by targeting its costs. It is only possible for businesses to achieve profitability that is targeted under uncertain conditions through the use of fuzzy logic method by approximately estimating the target costs. Therefore, the business will predict its target costs with the fuzzy logic method and reach the profitability that was aimed
Entrepreneurial University Perspective: Tracking Labor Force Capacity to Support Industrialization Processes in the Emerging Markets, Evidence from Kazakhstan Data
Get PDFIndustrialisation is considered as main engine of growth in economic development of the most emerging markets. This is especially true for Central Asian transitional countries as Kazakhstan, which obtained independence from the Soviet Union in 1991. For enhancing country’s competitiveness potential, Kazakhstan National Program for 2010-2014 aimed to accelerate industrial-innovative development of the country. While many papers published about the importance of industrialization activities in Kazakhstan, few have focused on examining the current capacity of labor market to meet the industry demand. Main aim of this paper was to investigate if current manpower is adequate to maintain the planned rate of growth in the country. Higher level of economic production led to higher demand of engineering labor force. High demand with low frequency supply created an imbalance in the labor market that resulted what we see as shortage of technically skilled labor. Low frequency of supply is influenced by such factors as high engineers’ outflow rate, low students enrolment and graduation rates, and lack of practical skills of the graduates hired. An erratum to this article has been published as https://doi.org/10.5195/emaj.2017.132.
Investment Portfolios in an Emerging Economy: What Drives Portfolio’s Diversification?
Get PDFThis study sheds light on the investment portfolio’s decisions through behavioral insights. The study intends to identify personal characteristics that drive the level of diversification and lead investors to allocate resources in risky assets in an emergent economy, deepening the discussion about investment decisions and bringing some behavioral insights to the debate. The study has a unique and heterogeneous database of individual financial allocations from Brazil, one of the largest emergent economies. The characteristics of Brazilian investors play an important role in investment decisions, high educated and married investors tend to display diversified portfolios. To invest in risky assets, male investors have a 43% greater likelihood of investing in risky assets than females, highlighting the discussion on gender and investment decisions. Moreover, married investors tend to exhibit conservative portfolios. We observed that traditional investors are under-diversified, allocating primarily in traditional and safety assets. The results suggest that the investment decisions can be subject to psychological biases defined in behavioral finance theory
Development of Trade Communication of Iran with Selected Countries
Get PDFThe present study aimed to determine the trade potential of Iran with 13 countries that have made up the largest volume of foreign trade in the last decade. For this purpose, we have utilized the generalized gravity model and multivariate regression technique with panel data is used to estimate it. The results show that the most important variables affecting the trading volume of Iran are gross domestic product per capita and population, and that geographical distance variable had insignificant impact. On the other hand, the most trade gap of Iran is attributed to Turkey and the United Kingdom and the minimum gap is related to Afghanistan
Gold-Stock Market Relationship: Emerging Markets versus Developed Markets
Get PDFWe perform a comparative study on the gold-stock market relationship in U.S. stock market as a developed market and in Iran stock market as an emerging market. By considering appropriate variables for emerging markets and by providing a more proper methodology, we improve earlier studies. According to our findings, the relationship between stock market returns and gold price returns does not follow any specific regimes and that this relationship changes in short and long term returns. It is necessary to mention that in the present research, we did not consider this relationship in major structural changes in the economies and instead considered usual economic circumstances that investors are regularly faced with in their investment decisions
A Comparison of the Financial Characteristics of NAFTA and Latin American Manufacturing Firms
Get PDFComparing the financial characteristics of firms in different countries and different regions has been a popular research topic in finance. However, NAFTA and Latin American manufacturing firms have never been compared. In this paper, we undertake such a study with the MANOVA (Multivariate Analysis of Variance) method and with data drawn from the Research Insight/Global Vintage database in October 2015. Our findings indicate that NAFTA manufacturing firms have less liquidity risk, but more financial risk, compared with Latin American Manufacturing firms. NAFTA manufacturing firms have significantly higher returns on equity due to achieving higher returns on assets and using more financial leverage. Latin American manufacturing firms have more efficient inventory management. However, NAFTA manufacturing firms have more efficient accounts receivable management and total assets management