Journal of Investment and Management

Volume 4, Issue 5, October 2015

  • Performance Assessment of Industrial Real Estate Contribution to Nigerian Economy

    Nurudeen Akinsola Bello, Ismail Kolawole Bello, Olufola Toyosi Elegbede

    Issue: Volume 4, Issue 5, October 2015
    Pages: 132-140
    Received: Jul. 13, 2015
    Accepted: Jul. 29, 2015
    Published: Aug. 11, 2015
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    Abstract: This work is set to measure the contribution of real estate to the production output of manufacturing industries in Nigeria and relate it to the gross domestic product of Nigeria with a view to providing guidance for the industrial investors, measuring past achievements and providing the basis for planning and control decisions. 44 of the 108 indus... Show More
  • Governance, Employee Engagement and Improved Productivity in the Public Sector: The Nigerian Experience

    Nkogbu Godfrey Oshilim, Offia Patience Akpesiri

    Issue: Volume 4, Issue 5, October 2015
    Pages: 141-151
    Received: Jul. 18, 2015
    Accepted: Jul. 30, 2015
    Published: Aug. 11, 2015
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    Abstract: This paper examines governance, employee engagement and productivity in the Nigerian public sector. Amidst the high expectations of the citizenry from the new administration of the 6th republic in the Nigerian civilian administration, the reality on ground at the commencement of the new administration in the 6th Republic calls for questions raised ... Show More
  • Uncertainty Handling in Ship Assessment: A Case Study of Bangladesh

    Muhammed Jamshed Alam Patwary, Mohammad Osiur Rahman, Mohammad Shahadat Hossain

    Issue: Volume 4, Issue 5, October 2015
    Pages: 152-161
    Received: Jul. 19, 2015
    Accepted: Jul. 30, 2015
    Published: Aug. 11, 2015
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    Abstract: Shipping is the oldest and internationally recognized industry. It helps many national and international businesses by transporting vast amount of goods from one place to another. Most of the businesses in Bangladesh are depended on sea ports. For this reason, shipping services are very important in Bangladesh. To maximize the profit from a ship or... Show More
  • Impact of Macroeconomic Variables on Stock Returns: Evidence from Bombay Stock Exchange (BSE)

    Nabila Nisha

    Issue: Volume 4, Issue 5, October 2015
    Pages: 162-170
    Received: Jul. 22, 2015
    Accepted: Jul. 29, 2015
    Published: Aug. 11, 2015
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    Abstract: Numerous empirical studies have examined the relationship between macroeconomic variables and stock returns across different stock markets and time horizons by either outlining the influence of only domestic variables or a few global factors. The aim of this paper is to combine both global and domestic factors and extend this presumed relationship ... Show More
  • The Relationship Between Organizations’ Acquired Knowledge, Skills, Abilities (SKAs) and Shareholders Wealth Maximization: The Mediating Role of Training Investment

    Gabriel Dwomoh, Williams Kwasi Boachie, Kofi Kwarteng

    Issue: Volume 4, Issue 5, October 2015
    Pages: 171-179
    Received: Jul. 17, 2015
    Accepted: Aug. 01, 2015
    Published: Aug. 11, 2015
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    Abstract: The study examined the relationship between organizations’ acquired knowledge, skills, abilities and shareholders wealth with training playing the mediating role. The sample of the study consisted of organizations that spent 10% or more of its annual budget on training and those whose training budget is less than 10% of the organization’s annual bu... Show More
  • Savings, Inflation and Economic Growth Linkages: A Re-Examination with Nigeria Data

    Richardson Kojo Edeme, Innocent Ifelunini

    Issue: Volume 4, Issue 5, October 2015
    Pages: 180-185
    Received: Jul. 19, 2015
    Accepted: Aug. 01, 2015
    Published: Aug. 12, 2015
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    Abstract: The inter-relationship among savings, inflation and economic growth is an important conjuncture in the linkage evaluation of economic performance. Towards making them sustainable, the Nigeria government has initiated reforms, some of which in the last seven years. Despite these reforms, no study has been undertaken on the linkages among these varia... Show More
  • Empirical Study on Stock Return Volatility in China's Stock Market

    Diao Yanhua, Guo Siliang

    Issue: Volume 4, Issue 5, October 2015
    Pages: 186-190
    Received: Jul. 15, 2015
    Accepted: Aug. 04, 2015
    Published: Aug. 12, 2015
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    Abstract: Wave of financial globalization and financial innovation has brought great changes of the international financial market, the traditional measuring method is not well adapt to these new changes, this requires the presence of the new analysis method. This article will link function to copulas connect theory is introduced into the financial analysis.... Show More
  • Impact of Motivational Strategies on Employee Motivational Level: A Case Study of National Bank of Pakistan in Azad Jammu and Kashmir

    Shagufta Ashraf, Ghulam Mustafa Azam, Waqar Ashraf

    Issue: Volume 4, Issue 5, October 2015
    Pages: 191-195
    Received: Jul. 20, 2015
    Accepted: Aug. 05, 2015
    Published: Aug. 12, 2015
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    Abstract: The study sought to find out the motivational strategies and its impact on employee motivational level. The purpose of the study is to provide effective motivational strategies for banking sector of Azad Kashmir to use to motivate employee’s, improve and increase productivity in organization. The Literature review enables us to understand the vario... Show More
  • Factors Affecting Information Technology Audit Quality

    Yahya Hasas Yeghaneh, Mostafa Zangiabadi, Seyed Mostafa Dehghani Firozabadi

    Issue: Volume 4, Issue 5, October 2015
    Pages: 196-203
    Received: Jul. 20, 2015
    Accepted: Aug. 04, 2015
    Published: Aug. 12, 2015
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    Abstract: Change and the growth of information technology, all aspects of human society have taken in the light of self. Human need, interest in using new technologies emerged as a dominant factor in their organizations and they will force to keep pace with the condition. Since the major factor in advances in information technology in the present world, is t... Show More
  • Impact of the Capital Structure Tools on the Performance Indicators in the Listed Companies in Tehran Stock Exchange

    Mostafa Zangiabadi, Amin Rahimzade, Mahdie Taboli

    Issue: Volume 4, Issue 5, October 2015
    Pages: 204-209
    Received: Jul. 21, 2015
    Accepted: Aug. 04, 2015
    Published: Aug. 12, 2015
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    Abstract: Today, one of the objectives of the financial managers is to maximize shareholder wealth, and in this context, determining the capital structure is a key factor. Due to tax benefits, the use of financial leverage is considered. On the other hand, due to higher interest costs associated with obtaining debt, bankruptcy may also exist. In conclusion, ... Show More
  • Ranking Multi Criteria Decision Making Methods for a Problem by Area Under Receiver Operating Characteristic

    Seyed Behnam Khakbaz, Maryam Karimi Davijani

    Issue: Volume 4, Issue 5, October 2015
    Pages: 210-215
    Received: Jul. 20, 2015
    Accepted: Aug. 03, 2015
    Published: Aug. 13, 2015
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    Abstract: One of the major challenges in decision making is selection among MCDM (multi criteria decision making) methods. These methods do not provide same answer to decision maker. Therefore selecting the best answer is an important dilemma. To solve this problem, methods like Borda and Copeland compilation have been proposed. However, applying these metho... Show More
  • The Level of Compliance with International Accounting Standard IAS 18 by Listed Firms in Bahrain

    Isa Adnan Budaraj, Adel Mohammed Sarea

    Issue: Volume 4, Issue 5, October 2015
    Pages: 216-227
    Received: Jul. 21, 2015
    Accepted: Aug. 04, 2015
    Published: Aug. 13, 2015
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    Abstract: This Study examines the association between five firm-specific characteristics and the level of compliance with International Accounting Standards (IAS 18) by listed Firms in Bahrain Bourse. A self-constructed compliance checklist was developed and the compliance index was derived to represent the level of compliance among publically traded firms i... Show More
  • Does Earnings Management Reflect Real Condition of Listed Companies or It Does Whitewashing

    Bai Yinghui, Xiong Yuanyuan, Wang Binru

    Issue: Volume 4, Issue 5, October 2015
    Pages: 228-236
    Received: Jul. 21, 2015
    Accepted: Aug. 06, 2015
    Published: Aug. 13, 2015
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    Abstract: This paper investigates the action、the motivation and the character of earnings management in the process of IPO using a sample of 281 IPO firms in the Growing Enterprise Market(GEM) of A-share market of Shenzhen Stock Exchange during 2009~2011. First, the evidence result shows that these listed companies revise earnings upwards in the year of issu... Show More
  • Identifying Stakeholders in Land Use Management Process and Its Critical Factors in ASEAN

    Tulus Tahi Hamonangan Tambunan

    Issue: Volume 4, Issue 5, October 2015
    Pages: 237-249
    Received: Jul. 22, 2015
    Accepted: Aug. 07, 2015
    Published: Aug. 13, 2015
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    Abstract: The main aim of this qualitative-based research is two folds: to identify the main stakeholders who are directly and indirectly impacted by land and who have actually or potentially influence on land use management (LUM) and the critical factors which determine the smooth coordination and cooperation among stakeholders in member countries of the As... Show More
  • Conflict Resolution and Management: The Macro Perspective

    Moses Onyesom, Emeke Francis Igbesi

    Issue: Volume 4, Issue 5, October 2015
    Pages: 250-255
    Received: Jul. 22, 2015
    Accepted: Aug. 04, 2015
    Published: Aug. 13, 2015
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    Abstract: Conflict is an inevitable phenomenon in this universe as long as humankind exists. This implies that conflict is natural to human nature. However, conflicts usually occur from the pursuit of divergent interests, goals and aspirations by individuals or groups in a defined social or physical environment. Thus, conflict is present when two or more par... Show More
  • Development of a Health Workeforce Monitoring System in Greece

    Christos Zilidis, Catherine Kastanioti, Nikos Polyzos, John Yfantopoulos

    Issue: Volume 4, Issue 5, October 2015
    Pages: 256-263
    Received: Jul. 22, 2015
    Accepted: Aug. 08, 2015
    Published: Aug. 14, 2015
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    Abstract: Background: Recent Greek economic crisis has had a mayor impact on healthcare system. A complete absence of planning human resources leeds to a need for healthcare workforce management tools, among them a re-distribution at a national and regional level following international indicators. Objectives: Aim of the study was to collect data on the curr... Show More
  • An Impact of Banking Activities of Private Commercial Islamic Bank to Economic Development in Bangladesh: A Case Study on First Security Islami Bank Limited (FSIBL)

    Md. Nazirul Islam Sarker, Md. Harun Or Rashid

    Issue: Volume 4, Issue 5, October 2015
    Pages: 264-272
    Received: Jul. 21, 2015
    Accepted: Aug. 10, 2015
    Published: Aug. 19, 2015
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    Abstract: Banks are the most important parts of the financial system of any country. Specially, developing country like Bangladesh, proper banking system is very important and essential to play a vital role, because capital market system in Bangladesh is not advanced like other country’s capital market. The study analyses published texts, articles, websites ... Show More
  • Impact of Monetary Policy on Stock Price: Evidence from Bangladesh

    Afrin Rifat

    Issue: Volume 4, Issue 5, October 2015
    Pages: 273-284
    Received: Jul. 22, 2015
    Accepted: Aug. 07, 2015
    Published: Aug. 19, 2015
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    Abstract: This study intends to explore the impact of monetary policy on the performance of stock market from the perspective of a developing country-namely Bangladesh. The issue of monetary policy has been a subject of debate among several financial economists since a long time. Monetary policy is basically that part of the macroeconomics, which aims to ach... Show More
  • Optimizing Customer Satisfaction by Using Kano’s Model for Eco-efficiency and Green Design

    Lara F. Hourani

    Issue: Volume 4, Issue 5, October 2015
    Pages: 285-290
    Received: Jul. 20, 2015
    Accepted: Aug. 12, 2015
    Published: Aug. 19, 2015
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    Abstract: This paper presents Kano model to measure customer satisfaction for the eco-efficiency and green design. This method can be used to support the designer for reducing the environmental impact of the product throughout its life cycle and as a supporting tool for designers to invent novel, useful, and environmentally friendly products, our approach is... Show More