Journal of Investment and Management

Volume 5, Issue 6, December 2016

  • Studying on the Relation Between Ability Structure and Incentive Structure Based on a Game Model

    Zhang Chaoxiao

    Issue: Volume 5, Issue 6, December 2016
    Pages: 93-98
    Received: Sep. 04, 2016
    Accepted: Sep. 22, 2016
    Published: Oct. 14, 2016
    DOI: 10.11648/j.jim.20160506.11
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    Abstract: A game model is designed to analyze the relation between employee’s ability structure and enterprise’s incentive structure. And some factors’ impaction on incentive structure is analyzed, such as employee’s ability, risk aversion, output error, and product price. The intrinsic mechanism of employee classification according to their ability level is... Show More
  • Effect of Cash Conversion Cycle Management on the Profitability of Industrial and Domestic Product Firms in Nigeria

    Madubuko Cyril Ubesie, Anastasia Duru

    Issue: Volume 5, Issue 6, December 2016
    Pages: 99-106
    Received: Sep. 04, 2016
    Accepted: Sep. 22, 2016
    Published: Oct. 15, 2016
    DOI: 10.11648/j.jim.20160506.12
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    Abstract: The study examined the effect of cash conversion cycle on the profitability of Industrial and Domestic product firms in Nigeria. Receivable ratio, payable ratio and Inventory ratio, were the variables studied in this study. Data were sourced from the annual reports of the selected Industrial and Domestic companies in Nigeria. Generalized least squa... Show More
  • Management Support as Determinants of Green Logistics Implementation Management at Motor Vehicle Industry in Kisumu, Kenya

    Malachi Ochieng’ Ouma, Daniel M. Wanyoike

    Issue: Volume 5, Issue 6, December 2016
    Pages: 107-114
    Received: Sep. 18, 2016
    Accepted: Sep. 26, 2016
    Published: Oct. 15, 2016
    DOI: 10.11648/j.jim.20160506.13
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    Abstract: This research analyzed green logistics implementation management in motor vehicle industry in Kisumu. The study analysed management support as determinant of green logistics implementation management. The target population for this study included all the employees working in the selected motor vehicle industry in Kisumu which were, CMC motors, Gene... Show More
  • Influence of End Users Involvement in Procurement Decision Making on Purchasing Performance at Kenya Police College, Kiganjo

    Benson Motari Onchiri, Josephat Kwasira

    Issue: Volume 5, Issue 6, December 2016
    Pages: 115-121
    Received: Sep. 18, 2016
    Accepted: Sep. 26, 2016
    Published: Oct. 15, 2016
    DOI: 10.11648/j.jim.20160506.14
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    Abstract: This study was intended to establish the influence of user involvement in procurement decisions making on purchasing performance in Kenya Police College, Kiganjo. The study was a survey as primary data was collected for the purpose of the study. The target population for the study included all employees in Kenya Police College, Kiganjo. All the emp... Show More
  • Assessment of Use of Competency Based Pay System in Enhancing Employees Productivity in State Corporations in Nakuru Town, Kenya

    Zachary Gachuru, Josphat Kwasira

    Issue: Volume 5, Issue 6, December 2016
    Pages: 122-129
    Received: Aug. 25, 2016
    Accepted: Sep. 02, 2016
    Published: Oct. 18, 2016
    DOI: 10.11648/j.jim.20160506.15
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    Abstract: Competency based pay system is very crucial to all organizations and institutions; public and private. Competency-based pay system being offered in the public, which aims to produce capable workers who are responsive to customers' demands by providing quality services, one would expect that there would be improvement on productivity. Thus, this res... Show More
  • Influence of Procurement Training Strategies on Delivery of Pharmaceutical Products in Public Health Facilities in Subukia Sub County, Nakuru

    Edward Kamau, Josphat Kwasira

    Issue: Volume 5, Issue 6, December 2016
    Pages: 130-139
    Received: Aug. 26, 2016
    Accepted: Sep. 27, 2016
    Published: Oct. 25, 2016
    DOI: 10.11648/j.jim.20160506.16
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    Abstract: Pharmaceutical services are one of the key activities that sustain health care systems. If they are not properly managed, it can lead to massive challenges in the health care including deaths and disabilities. Training in the procurement of the pharmaceutical products forms one of the basic requirements for a sound procurement process. If the staff... Show More
  • Determinants of Procure-to-Pay System Adoption in the County Government of Bomet, Kenya

    Geoffrey Kiprotich Chepkwony, Barrack Okello

    Issue: Volume 5, Issue 6, December 2016
    Pages: 140-150
    Received: Sep. 18, 2016
    Accepted: Sep. 26, 2016
    Published: Oct. 25, 2016
    DOI: 10.11648/j.jim.20160506.17
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    Abstract: The purpose of this paper was to examine the determinants of effective adoption of procure-to-pay system in County Government of Bomet. The study was steered by the following research objectives: to examine how Information Communication Technology infrastructure influence effective adoption of procure-to-pay system; to evaluate how staff training i... Show More
  • Related Party Cooperation and Stock Prices Reactions: An Empirical Investigation on the A-Share Listed Companies in China

    Zhi-hong Song, Xue-fei Jin, Dong-mei Lee

    Issue: Volume 5, Issue 6, December 2016
    Pages: 151-157
    Received: Sep. 17, 2016
    Accepted: Oct. 01, 2016
    Published: Oct. 27, 2016
    DOI: 10.11648/j.jim.20160506.18
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    Abstract: Taking the 146 related-party technological cooperation announcements by Chinese listed companies from January 2008 to July 2013 as the sample, the article investigates the impact of the focal firms’ intellectual capital and cooperation frequency between related parties on the focal firms’ stock prices reactions. The empirical results indicate that ... Show More
  • Investigating FTSE KLCI Using CAAR Estimations Following Sukuk Announcement in Malaysia: Based on Sukuk Ratings

    Syazwani Abd Rahim, Nursilah Ahmad

    Issue: Volume 5, Issue 6, December 2016
    Pages: 158-165
    Received: Sep. 06, 2016
    Accepted: Sep. 29, 2016
    Published: Oct. 31, 2016
    DOI: 10.11648/j.jim.20160506.19
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    Abstract: The intention of the article is to explore whether different rating announcements on sukuk issuance provide any supplementary information to market for the years 2004-2011 in Malaysia. Data collected from the Securities Commission Malaysia (SC) and Bloomberg database. This research classifies the sukuk ratings from highest to poor quality. The inve... Show More
  • Job Satisfaction of Low-skilled Employees of Manufacturing Industry in Bangladesh: A Case Study

    Ruhul Amin

    Issue: Volume 5, Issue 6, December 2016
    Pages: 166-170
    Received: Sep. 26, 2016
    Accepted: Oct. 07, 2016
    Published: Nov. 19, 2016
    DOI: 10.11648/j.jim.20160506.20
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    Abstract: Employees are one of the most important stakeholders in an organization because the employees provide their efforts; share their knowledge, skills, mental and physical abilities that contribute to the productivity and profitability of the organization. So, the organization should do everything they need to retain the employees. Job satisfaction is ... Show More
  • Microcredit and Women Empowerment in Kabartonjo Division: Baringo County, Kenya

    Irene J. Cheptumo

    Issue: Volume 5, Issue 6, December 2016
    Pages: 171-183
    Received: Oct. 18, 2016
    Accepted: Nov. 02, 2016
    Published: Nov. 29, 2016
    DOI: 10.11648/j.jim.20160506.21
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    Abstract: Women empowerment is a theme which has attracted interest from various organizations, government agencies and individuals from all sectors of the Kenya national economy. The study sought to establish the role of microcredit institutions on women empowerment in terms of credit and cost of microcredit. The study used both primary and secondary data. ... Show More
  • Empirical Analysis of Fuzzy Synthetic Evaluation of Enterprises’ Financial Risks

    Institute of Datong Securities Asset Management, Yongbao Ji

    Issue: Volume 5, Issue 6, December 2016
    Pages: 184-188
    Received: Dec. 24, 2016
    Accepted:
    Published: Dec. 28, 2016
    DOI: 10.11648/j.jim.20160506.22
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    Abstract: It is very important for enterprises to know how much financial risks themselves can bear, which is benefit for enterprises to avoid financial risks turning into financial crisis. How to recognize and evaluate financial risks become the most significant problem when operate enterprises. At the same time, make good use of financial risks also become... Show More
  • The Financial Performance of Greek Hotels Before and During the Crisis

    Anastasios Magoutas, George Papadoudis, George Sfakianakis

    Issue: Volume 5, Issue 6, December 2016
    Pages: 189-192
    Received: Aug. 30, 2016
    Accepted: Sep. 14, 2016
    Published: Dec. 29, 2016
    DOI: 10.11648/j.jim.20160506.23
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    Abstract: This paper aims at determining the critical factors affecting the profitability of the tourism sector in Greece, by using data for an extensive panel of Greek tourism enterprises for 2005-2011 period. As the Greek economy is still in a deep and prolonged recession, exploring profitability issues in specific sectors could help identify those sectors... Show More
  • Sustainable Tourism Development in the South-West Region of Bangladesh

    Tanbir Hossain, Mohammed Ziaul Haider

    Issue: Volume 5, Issue 6, December 2016
    Pages: 193-198
    Received: Oct. 30, 2016
    Accepted: Nov. 10, 2016
    Published: Dec. 29, 2016
    DOI: 10.11648/j.jim.20160506.24
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    Abstract: Tourism can play an important role in accelerating the economic growth of Bangladesh. This study tries to address the tourism sector of Bangladesh from sustainability viewpoint. The study selects four tourist spots in the south-west region of Bangladesh to address the study objective and collects primary data from the tourists of the selected spots... Show More
  • Pavlopetri, the World’s Oldest Submerged City: Analysis of Dive Tourism Perspectives Development in the Region Through S. W. O. T Analysis

    George Kipreos, Pantelis Konstantinakos, Ioanna Anagnostopoulou, Anastasia Perrea, Stylianos Kaprinis

    Issue: Volume 5, Issue 6, December 2016
    Pages: 199-205
    Received: Dec. 13, 2016
    Accepted: Dec. 22, 2016
    Published: Jan. 12, 2017
    DOI: 10.11648/j.jim.20160506.25
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    Abstract: Greece is considered to be one of the most popular worldwide tourism destinations, since it is ranked in the 15th position of the world host countries for the year 2015. Despite the industry’s dynamism, inherent weaknesses of Greek tourism products, such as seasonality, geographical distribution, saturation of popular island areas and tourist produ... Show More
  • Understanding Muslim Medical Tourists’ Perception Towards Islamic Friendly Hospital

    Muhammad Khalilur Rahman, Suhaiza Zailani

    Issue: Volume 5, Issue 6, December 2016
    Pages: 206-213
    Received: Sep. 06, 2016
    Accepted: Sep. 19, 2016
    Published: Jan. 13, 2017
    DOI: 10.11648/j.jim.20160506.26
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    Abstract: The aim of this study is to investigate the factors that influence to Muslim tourists’ intention to revisit Islamic-friendly hospital. This study contributes practice and management implications that assist in motivating Islamic medical tourism service. As the objective of this paper is to measure the Muslim medical tourists’ perception for Islamic... Show More