Procedia Economics and Finance最新文献

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The Rural Educational Tourism at the Farm 农场的乡村教育旅游
Procedia Economics and Finance Pub Date : 2016-01-01 Epub Date: 2016-07-16 DOI: 10.1016/S2212-5671(16)30245-3
Cornelia Petroman , Amelia Mirea , Ana Lozici , Elena Claudia Constantin , Diana Marin , Iuliana Merce
{"title":"The Rural Educational Tourism at the Farm","authors":"Cornelia Petroman ,&nbsp;Amelia Mirea ,&nbsp;Ana Lozici ,&nbsp;Elena Claudia Constantin ,&nbsp;Diana Marin ,&nbsp;Iuliana Merce","doi":"10.1016/S2212-5671(16)30245-3","DOIUrl":"10.1016/S2212-5671(16)30245-3","url":null,"abstract":"<div><p>The consumer of rural and farm tourism has evolved in the direction of being associated with types of fun and educational leisure activities. Tourism consumers search for new types of tourism, such as: farming entertainment. The aim of an educational trip in the rural areas is: to know the life and activity of the farmers, to create a positive image of the agriculture in the eyes of the next generations/ urban resident consumers. The educational rural tourism has various activities, i.e.: basic classes/ full courses/ short term workshops on the school farms. The educational activities for children include: floral arrangements, cooking classes on the farm, preparing natural herbal remedies, demonstrations of traditional ways of obtaining beer and wine, experience historical reconstruction of the traditional villages, etc. The recreational rural tourism includes: art of the plants, agricultural labyrinths, wine tasting tourism, vegetable picking, identification of spontaneous plant and wildlife species, etc. The authors present the steps have to be followed in order to develop new brand tourism products that meet the requirements for consumer's education.</p></div>","PeriodicalId":101040,"journal":{"name":"Procedia Economics and Finance","volume":"39 ","pages":"Pages 88-93"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S2212-5671(16)30245-3","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83310155","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 35
Engaging People with Employer Branding 用雇主品牌吸引员工
Procedia Economics and Finance Pub Date : 2016-01-01 Epub Date: 2016-03-04 DOI: 10.1016/S2212-5671(16)00086-1
Nor Adibah Ahmad, Salina Daud
{"title":"Engaging People with Employer Branding","authors":"Nor Adibah Ahmad,&nbsp;Salina Daud","doi":"10.1016/S2212-5671(16)00086-1","DOIUrl":"10.1016/S2212-5671(16)00086-1","url":null,"abstract":"<div><p>The preferences among employees are varied due to the changes in the 21st century's working environment. It is thus important to determine the factors that employees seek in an organization and their intention behavior to quit from their job in order to improve the issues of high attrition that happens in an organization. This research aims to determine the relationship between Employer Branding and Turnover Intention among employees in Malaysia's SME-ICT Industry. A cross sectional study and quantitative research methods were used in the study. Questionnaires were administered to employees in the SME-ICT firms in Selangor and 250 respondents cooperated in this study. Practically, this study adopts the concept employer branding and translates it into the SME environment, in an attempt to improve the organization's performance regarding employee's management. By using Smart Partial Least Square (PLS), the result translates the significant relationship between the development value in employer branding and turnover intention.</p></div>","PeriodicalId":101040,"journal":{"name":"Procedia Economics and Finance","volume":"35 ","pages":"Pages 690-698"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S2212-5671(16)00086-1","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84898522","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 56
Conceptualization and Examination of Success Factors in the Banking System 银行系统成功因素的概念化和检验
Procedia Economics and Finance Pub Date : 2016-01-01 Epub Date: 2016-07-16 DOI: 10.1016/S2212-5671(16)30289-1
Simona Rus , Marian Mocan , Ben-Oni Ardelean , Larisa Ivascu , Lucian–Ionel Cioca
{"title":"Conceptualization and Examination of Success Factors in the Banking System","authors":"Simona Rus ,&nbsp;Marian Mocan ,&nbsp;Ben-Oni Ardelean ,&nbsp;Larisa Ivascu ,&nbsp;Lucian–Ionel Cioca","doi":"10.1016/S2212-5671(16)30289-1","DOIUrl":"10.1016/S2212-5671(16)30289-1","url":null,"abstract":"<div><p>Banking competition has intensified in recent years, largely due to globalization, technological process and economic instability. The banking system in this context is supplied with considerable challenges, with customers’ characteristics, needs and desires consistent with the current environment (globalization, technological change and economic crisis). It is necessary to identify those features that contribute to the development of competitive advantage. In this sense, this paper shows the results of the analysis of success factors in the banking system. To obtain the results the following methods were used: in-depth questionnaire (for experts), questionnaire (for customers), observation of public information and experimentation by numerous visits conducted. These actions are taken in order to discover and define the characteristics of organizational behavior and clients. The results consist of capitalization and conceptualizing a framework for the features that will underpin the development strategies of the banking system in times of economic instability.</p></div>","PeriodicalId":101040,"journal":{"name":"Procedia Economics and Finance","volume":"39 ","pages":"Pages 679-684"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S2212-5671(16)30289-1","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83727257","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 7
Whether Development Indices Affect Economic Growth: A Cross-Country Analysis 发展指数是否影响经济增长:一个跨国分析
Procedia Economics and Finance Pub Date : 2016-01-01 Epub Date: 2016-06-14 DOI: 10.1016/S2212-5671(16)30206-4
Suat Teker , Ayşegül Güner
{"title":"Whether Development Indices Affect Economic Growth: A Cross-Country Analysis","authors":"Suat Teker ,&nbsp;Ayşegül Güner","doi":"10.1016/S2212-5671(16)30206-4","DOIUrl":"10.1016/S2212-5671(16)30206-4","url":null,"abstract":"<div><p>This study aims to examine the relationship between economic growth and highly featured development indices using a cross sectional data of 12 countries from both developed and developing world between the years 2000 and 2013. The indices of corruption, democracy, freedom of press, human development, global competitiveness, economic freedom, and the featured development indicators of World Bank such as average schooling years, life expectancy, female labour force participation rate, health expenditures rate in GDP, export rate of high technology, and employment rate are used to investigate the relationship in between economic growth and development indices. In order to exploit this relationship, all individual indices are reformed to produce form a single index, what we call harmonic index. The findings show that the higher scores of harmonic Index are associated with higher GDP per capita all levels except Saudi Arabia.</p></div>","PeriodicalId":101040,"journal":{"name":"Procedia Economics and Finance","volume":"38 ","pages":"Pages 340-346"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S2212-5671(16)30206-4","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80076810","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Connotations Regarding Accounting Recognition of Intangibles in the Company's Performance 公司业绩中无形资产会计确认的内涵☆
Procedia Economics and Finance Pub Date : 2016-01-01 Epub Date: 2016-07-16 DOI: 10.1016/S2212-5671(16)30240-4
Tatiana Danescu , Raluca Sandru
{"title":"Connotations Regarding Accounting Recognition of Intangibles in the Company's Performance","authors":"Tatiana Danescu ,&nbsp;Raluca Sandru","doi":"10.1016/S2212-5671(16)30240-4","DOIUrl":"10.1016/S2212-5671(16)30240-4","url":null,"abstract":"<div><p>Nowadays the managers, investors and shareholders are seeking to identify the value sources of an economic entity in order to spot the most suitable destination for their investments. The context of the “new economy” concept stresses the importance of the intangibles assets that becomes greater and greater. Also, many international studies pointed out that performance and growth of the economic entities are driven by the intangibles assets owned, such as software, human capital, organizational structure, R&amp;D investment. In spite of the increasing level of importance of these assets, many of them are not reported in the financial statements, are difficult trying to identify and also difficult to assess, but the endeavor should not be abandoned. This article is intended to show the way the intangibles assets are reported in financial statement of the Romanian economic entities and how they lead performance, growth and value for these companies.</p></div>","PeriodicalId":101040,"journal":{"name":"Procedia Economics and Finance","volume":"39 ","pages":"Pages 57-64"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S2212-5671(16)30240-4","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75023153","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Board Independence and Firm Performance 董事会独立性与公司绩效
Procedia Economics and Finance Pub Date : 2016-01-01 Epub Date: 2016-04-16 DOI: 10.1016/S2212-5671(16)30152-6
Sharifah Faatihah Syed Fuzi, Syahrina Adliana Abdul Halim, M.K. Julizaerma
{"title":"Board Independence and Firm Performance","authors":"Sharifah Faatihah Syed Fuzi,&nbsp;Syahrina Adliana Abdul Halim,&nbsp;M.K. Julizaerma","doi":"10.1016/S2212-5671(16)30152-6","DOIUrl":"10.1016/S2212-5671(16)30152-6","url":null,"abstract":"<div><p>The board of directors is a collective body that should act in the best interest of shareholders. The board requires the combination of executive and non-executive directors to pursue the shareholders’ interest. The non-executive directors on the board will not be able to exercise their duties effectively, unless they are independence from management and ensure they provides unbiased business judgment. Independent directors are the person entrusted by shareholders to represent them and will help to reduce agency problems. Further, the Code of Corporate Governance and regulators recommend the composition of board members should be balanced and consist of independent directors. However, mere compliance with the recommendations is not enough if the independent directors fail to exercise their functions effectively. A study has been carried out in a few countries by examining board independence and firm performance. The results showed a mixed association between proportions of independent directors and firm performance. Although the companies comprised the highest number of independent directors, it would not assure to enhance firm performance. Thus, the existence of independent directors on board should be monitored in order to bring positive shareholder values.</p></div>","PeriodicalId":101040,"journal":{"name":"Procedia Economics and Finance","volume":"37 ","pages":"Pages 460-465"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S2212-5671(16)30152-6","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87290973","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 39
CEO Duality and Compensation in the Market for Corporate Control: Evidence from Malaysia 公司控制权市场中的CEO二元性与薪酬:来自马来西亚的证据
Procedia Economics and Finance Pub Date : 2016-01-01 Epub Date: 2016-03-04 DOI: 10.1016/S2212-5671(16)00039-3
Nur Shuhada Ya’acob
{"title":"CEO Duality and Compensation in the Market for Corporate Control: Evidence from Malaysia","authors":"Nur Shuhada Ya’acob","doi":"10.1016/S2212-5671(16)00039-3","DOIUrl":"10.1016/S2212-5671(16)00039-3","url":null,"abstract":"<div><p>Corporate governance has drawn world as well as public attention and become an important issue after East Asia financial crisis in the year 1997-1998 that hit several countries in Southeast Asia. There are serious weaknesses in corporate governance practices like weak financial structure, lack of transparency and accountability and over leverage of the companies. Weak governance structure can implicates as one of the reason for excessive rewards to CEOs in spite of poor performance. The current research was conducted in order to examine CEO duality and compensation in the market for corporate control. Therefore, the purpose of this study is to examine whether one of the proxy corporate governance structure which is CEO duality is further exacerbates CEO's motivation of self-interest to engage in mergers and acquisition in order to increase their compensation. This study used various sub-samples of the firm, which are those that merge and those that have CEO duality in the regression test. The findings indicated the companies that having CEO duality (independent variable) has positive relationship with compensation scheme (dependent variable). Besides, engagement in merger and acquisition (independent variable) also has positive relationship with compensation scheme. Therefore, further regression test are conducted to examine whether the companies that engage in merger and acquisition and at the same time having CEO duality position are positively related with compensation scheme. The findings showed that there is a positive relationship between engagement in merger/acquisition and CEO duality with compensation scheme.</p></div>","PeriodicalId":101040,"journal":{"name":"Procedia Economics and Finance","volume":"35 ","pages":"Pages 309-318"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S2212-5671(16)00039-3","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78068519","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 12
The Effect of Stock Valuation on the Company's Management 股票估值对公司管理的影响
Procedia Economics and Finance Pub Date : 2016-01-01 Epub Date: 2016-03-21 DOI: 10.1016/S2212-5671(16)30024-7
Samaneh Sharafoddin, Elmira Emsia
{"title":"The Effect of Stock Valuation on the Company's Management","authors":"Samaneh Sharafoddin,&nbsp;Elmira Emsia","doi":"10.1016/S2212-5671(16)30024-7","DOIUrl":"10.1016/S2212-5671(16)30024-7","url":null,"abstract":"<div><p>One of the most significant issues in investment management is stock valuation. Investors and shareholders can value their own shares based on stock valuation models and make decisions on stock trading accordingly. This study attempts to examine the relationship between stock valuation and a company's management. In this regard, the present study uses field and library research methods, and examines 25 companies listed in Tehran Stock Exchange from the years 2009 to 2013 along with 125 observations. The results of this study suggest that managers’ success in stock valuation primarily depends on the correct understanding of influential resources and it is recommended that managers increase the value of their company's stock by the prober use and combination of factors effective in stock valuation according to the information of the company.</p></div>","PeriodicalId":101040,"journal":{"name":"Procedia Economics and Finance","volume":"36 ","pages":"Pages 128-136"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S2212-5671(16)30024-7","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81313475","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 14
Driving Forces of Entrepreneurship; an Experimental Approach 创业动力;实验方法☆
Procedia Economics and Finance Pub Date : 2016-01-01 Epub Date: 2016-07-16 DOI: 10.1016/S2212-5671(16)30353-7
Petr Obergruber, Gabriela Hrubcova
{"title":"Driving Forces of Entrepreneurship; an Experimental Approach","authors":"Petr Obergruber,&nbsp;Gabriela Hrubcova","doi":"10.1016/S2212-5671(16)30353-7","DOIUrl":"10.1016/S2212-5671(16)30353-7","url":null,"abstract":"<div><p>The experimental approach in whole economical science, despite of rising popularity, is highly uninvestigated. The obvious benefits of this kind of view are often overlook or substitute with more abstract mathematical way, sacrificing precise data for more elegant but sometimes too simplistic model. Thus in this paper we examine a dataset from experiment we designed to investigate the entrepreneurship phenomenon and its driving forces. We used a framework for identify entrepreneurship potential of participants base on the five-factor personality system theory of <span>Costa &amp; McCrae (1992)</span> known as Big-Five. We were able to develop the experimental design, which was able to measure the overconfidence of participants and afterwards model the relationship between all Big-Five dimensions and measured overconfidence.</p></div>","PeriodicalId":101040,"journal":{"name":"Procedia Economics and Finance","volume":"39 ","pages":"Pages 493-501"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S2212-5671(16)30353-7","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74840275","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Relation between Confidence Climate and Stock Returns: The Case of Turkey 信心气氛与股票收益的关系:以土耳其为例
Procedia Economics and Finance Pub Date : 2016-01-01 Epub Date: 2016-06-14 DOI: 10.1016/S2212-5671(16)30186-1
Süleyman Kale , Murat Akkaya
{"title":"The Relation between Confidence Climate and Stock Returns: The Case of Turkey","authors":"Süleyman Kale ,&nbsp;Murat Akkaya","doi":"10.1016/S2212-5671(16)30186-1","DOIUrl":"10.1016/S2212-5671(16)30186-1","url":null,"abstract":"<div><p>This study examines the relations between consumer confidence, reel sector confidence and five different stock indices (aggregate, financial, industrial, service and technological) with VAR models. Michigan University Sentiment Index, VIX volatility index and GFK Germany Consumer Climate Index are also associated into the models to investigate international effects. The results suggest that, there is no causality relation from consumer confidence towards stock returns, however, stock returns found to positively affect consumer confidence. On the other hand, two-way causality exists between reel sector confidence index and stock returns, each one effects the other with certain lag of time. Michigan University Consumer Sentiment Index and VIX volatility index have explanatory power on almost all stock indices of Turkey, but GFK Germany Consumer Climate Index has no effect on any stock returns in all models. This may indicate that, globalization takes part in domestic markets, and rather than Germany, USA confidence climate is more felt in Turkey.</p></div>","PeriodicalId":101040,"journal":{"name":"Procedia Economics and Finance","volume":"38 ","pages":"Pages 150-162"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S2212-5671(16)30186-1","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83367088","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 15
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