EIGHTH INTERNATIONAL CONFERENCE
“CORPORATE STRATEGIES AND GOVERNMENT POLICIES:
21ST CENTURY CHALLENGES OF GLOBAL BUSINESS & ECONOMIC ISSUES”
Sheraton Deira DUBAI December 22- 23, 2011
GABER CONFERENCE SPONSORS
FIZJA INTERNATIONAL BUSINESS INC., U.S. Based consulting company.
http://fizjainternational.com/1.html
Consulting Company for Organizing National and International Professional
Associations’ Conferences; offer short-training courses for project evaluations for
companies; personal financial planning; risk management, security analysis &
portfolio management for investors; and Credit & Asset management for banking
industry. Please visit: www.fizjainternational.com
The International Infrastructure & Transport Group, LLC
The Infratrans Group is an independent private investment and consulting
firm specializing in capital placement for infrastructure and transportation
assets on a global basis. We provide all essential services to business,
communities and governments in all aspects of transportation and infrastructure projects for
private and public investors including where public/private partnerships need to occur. Please
visit us at www.infratransgrp.com
Economic Forum Web Journal This webjournal is an attempt to publish economic analyses
that are as free as possible of wishful thinking,
political spin and outright misinformation. The Economic Forum's goals and aims are to insert
data based economic analyses into the public debate. Please visit us at www.forumoecon.com
2
CONFERENCE COMMITTEE
FOUNDER/CONFERENCE CHAIR:
Mazhar M. Islam, Ph.D., Professor of Finance
School of Business & Industry, Florida A&M University, USA
Program Chair: Musa Essayyad, Ph.D., Professor of Finance
School of Business, University of Texas at Brownsville, USA
Program Co-Chair: Jan A. Berg-Andreassen, Ph.D. , CEO
International Infrastructure & Transport Group, LLC. USA
ADVISORY BOARD MEMBERS:
Dr. Tayyeb Shabbir, California State University Dominguez Hills, Carson, CA, USA
Dr. Bahaudin Mujtaba, Nova Southeastern University, USA
Dr. Javed Ashraf, University of St. Thomas, Houston, USA
Dr. Eisenhower Etienne, Florida A&M University, USA
Dr. Mostaq M. Hussain, University of New Brunswick-Saint John, CANADA
Dr. Subba Reddy Yarram, University of New England, AUSTRALIA
Dr. Norihiko TAKEUCHI, Tokyo University of Science, JAPAN
Dr . V.J. Sivakumar, National Institute of Technology, INDIA
Dr. V. Selvam, VIT University, INDIA
Dr. Ashraf Nakibullah, University of Bahrain, BAHRAIN
PUBLICATION OUTLETS:
International Refereed Journals
American Journal of Finance and Accounting (USA)
Asian-African Journal of Economics and Econometrics (India)
Business and Management (Indonesia)
Global Review of Business & Economic Research (USA)
International Journal of Accounting and Finance (Canada)
International Journal of Banking, Accounting, and Finance (Italy)
International Journal of Behaviour Accounting and Finance (UAE)
International Journal of Business Forecasting and Marketing Intelligence (USA)
International Journal of Business Performance Management (UK)
International Journal of Electronic Finance (USA)
International Journal of Financial Services Management (UK)
International Journal of Human Resources Development & Management (UK)
Journal of Applied Management and Entrepreneurship (USA)
Conference Proceedings: Issues in Global Research in Business & Economic
Library of Congress ISBN #1940-5391
Edited Book
Issues in Global Equity Investing, Portfolio Selection, Corporate Governance and Regulations.
3
REVIEW BOARD MEMBERS
Dr. Jan A. Berg-Andreassen, International Infrastructure & Transport Group, LLC. USA
Dr. Musa Essayyad, University of Texas at Brownsville, USA
Dr. Shawkat Hammoudeh, Drexel University, Pennsylvania, USA
Dr. Bahaudin Mujtaba ,Nova South eastern University, USA
Dr. Alex Karlen-Ng, University of Northern British Columbia, Canada
Dr. Sofyan S. Harahap, Trisakti University, INDONESIA
Dr. Anthony Billings, Wayne State University, USA
Dr. David P. Ely, San Diego State University, USA
Dr. Robert Balik, Texas A&M University - Prairie View, USA
Dr. Uchenna Elike ,Alabama A&M University, USA
Dr. Alex Faseruk , Memorial University of Newfoundland, CANADA
Dr. Azmat Gani, University of the South Pacific, FIJI
Dr. Fidelis Ikem , Kutztown University, USA
Dr. Yusuf Karbhari, Cardiff University, UK
Dr. Alex Karlen-Ng, University of Northern British, CANADA
Prof. Erkki K. Laitinen, University of Vaasa, FINLAND
Dr. Lokman Mia, Griffith University, AUSTRALIA
Dr. Buagu Musazi, Morgan State University, USA
Dr. William A. Ogden, University of Wisconsin - Eau Claire, USA
Dr. Vivian O. Okere, Providence College, USA
Dr. Reza Rahgozar, University of Wisconsin, River Falls, USA
Dr. Mark O. Tengesdal, Texas Woman's University, USA
Dr. K.C. Tseng, California State University at Fresno, USA
Dr. Ari Huuhka, University of Vaasa, FINLAND
Dr. Satyendra Singh, University of Winnipeg, CANADA
Dr. Abdul Gaffar Bin Ismail, National University of Malaysia, MALAYSIA
Dr. Bradley T. Ewing, Baylor University, USA
Dr. .Denis Goulet, University of Notredame, U.S.A
Dr. Kyongwook Choi, Ohio University, USA
Dr. Jamie B. Kruse, Texas Tech University, USA
Dr. Yusuf Karbhari, Cardiff Business School, UK
Dr. Allan Webster, Bournemouth University, UK
Dr. Mahmud Hassan, Rutgers University, USA
Dr. Chao-His Huang, National Tsing Hua University, TAIWNA
Dr. Amlan Mitra, Purdue University, USA
Dr. James Payne, Illinois State University, USA
Dr. Arjun Chatrath, University of Portland, USA
Dr. Yuqing Xing, International University of Japan, JAPAN
Dr. Ioannis Mylonakis, Glyfada, GREECE
Dr. Yongkul Won, University of Seoul, KOREA
4
Florida Agricultural and Mechanical University
TALLAHASSEE, FLORIDA 32307-6400
_________
_______________________________________________________________________
Welcome Message
Dear participants:
On behalf of the Global Academy of Business & Economic Research (GABER), I would
like to welcome you to the Eighth International Conference in Dubai. Our annual
meetings provide a unique opportunity for academics, practitioners, and policy
makers to present their findings and insights and to exchange ideas in the fields of
business, economics and management, the kind of dialogue that is especially crucial in
the context of current global economic crisis.
GABER is an important source of publishing opportunities for academic and policyoriented research in several international refereed journals, conference proceedings,
and in edited books. Our program is complete with many excellent and exciting papers
on contemporary issues. Those of you who submitted papers and are participating in
the meeting are key to the program’s overall success. The program committee is
composed of scholars across the Globe who carefully evaluated the papers. Although
we have received over 200 papers. however, we have very low number of registered
delegates.
I would like to thank all members of the organizing committee who did an outstanding
job in screening the papers. In addition, I appreciate the members of the whole
organizing committee for their diligent work in helping us set up the program. On a
final note, I thank each participant for making this truly international conference a
success. I wish you a pleasant stay in Dubai, a wonderful city in the Globe. We look
forward to seeing you again in our future conferences.
Best Regards,
mmIslam
Mazhar M. Islam, Ph.D., Professor of Finance
Founder of GABER & Conference Chair
Editor: American Journal of Finance & Accounting, International Journal of Business Forecasting & Marketing
Intelligence, and Global Review of Business & Economic Research
5
IMPORTANT NOTES
Role of the Session Chair
Session chair is responsible for timely conducting the session. Each presenter will have about 10-12
minutes for presentation. Presentations will be followed by discussions from the floor. Please keep the
record of each presenter and introduce the presenters with the title of the paper. In case of no-show or
cancellation, depending on the number of presenters, more time can be allowed to presenters. Please
make sure that each author maintains the time limit. After presentation of all papers in the session,
please allow the floor for questions and discussions related to the presented papers. Further comments
or suggestions can be discussed with the author after the end of the session.
Notes to Presenters
All presenters are requested to report to respective chairs few minutes prior to the session. Each
presenter will have about 10-12 minutes for presentation. Presentations will be followed by discussions
from the floor. Room will be furnished with LCD projector. Bring your own laptop or you must have
your paper in pen-drive for presentations. You are also strongly advised to bring 10-15 hard copies of
your paper or at least the major findings of your research (methodology, tables, charts etc.) for
distribution at your session. Please do not exceed the time limit of your presentation. Please do not
forget to bring a hard copy of thisl program.
Best Paper Award
Best papers are selected on the basis of originality, rigor, contribution to the body of knowledge,
relevance to the emerging issues, and are publishable in refereed international journals with minor
revisions. The papers are selected by the members of the Panel for “Best Paper Award”. Papers selected
will be published in the listed journals, recommended by the editorial board members. Final revisions
will be required before publications. The winners will also receive certificates. Other presented full
papers will be reviewed for publication considerations in listed journals.
Proceedings
Only full papers with timely submissions are published in the proceedings. If the papers are not
submitted before the deadline and or did not follow the guidelines, they will not appear in the
proceedings. Papers will be included in the proceedings after the payment of the appropriate fees. If the
papers for the paid registrants are not in the proceedings, please contact immediately.
6
CONFERENCE PROGRAM
Thursday, December 22
3:00 PM - 5:00 PM
Distribution of Registration Package
On-site registration $600 (Cash only)
Friday, December 23
8:30 AM - 9:00 AM - OPENING REMARKS
Room: Emirates B
_____________________________________________________________________________________
SESSIONS SCHEDULE
FRIDAY December 23
All sessions are in Room “Emirates B”
9:00 AM – 10:15 AM
SESSION I: ECONOMICS
_____________________________________________________________________________________
SESSION CHAIR: Hanadi AL-Mubaraki, Kuwait University, Kuwait
“Government Control Measures, Property Taxes and House Prices.”
Suwina Cheng, Lingnan University, Hong Kong
“Performance Efficiency of Japanese Water Utilities.”
Theara Horn, Osaka University, Japan
“Clustering and its comparative advantage: A case study of Transang Rattan
Furniture Cluster in Indonesia.”
Roos K. Andadari, Satya Wacana Christian University, Indonesia
“New organizational structure challenge: Organization as a molecule.”
Matej Janezic, University of Ljubljana, Slovenia
Vlado Dimovski, and Milan Hodoscek National institute of Chemistry Slovenia.
“The Effects of Economic Integration and FDI on Economic Growth of Islamic
Countries.”
Seyed Mohsen Khalife Soltani , Islamic Azad University
Elham Nagheli, Islamic Azad University and
Behruz Sadeghi Amroabadi, Isfahan University, Iran
7
Discussants: From the floor
10:20 AM - 11:50 PM
SESSION II: FINANCE
_____________________________________________________________________________________
SESSION CHAIR: Alan Reichert, Cleveland State University, USA
“Potential Benefits of Cross-border Financial Sector Expansion in Asia and
Europe.”
Hsin-Yu Liang, Feng Chia University, China, Larry Wall, Federal Reserve Bank of
Atlanta, and Alan Reichert, Cleveland State University, USA
“BOARD STRUCTURE, DIVIDEND AND FIRM PERFORMANCE: AN ANALYSIS USING PANEL
DATA”
Norazlan Alias, Fauzias Mat Nor,Ruzita Abdul Rahim, Mohd. Hasimi Yaacob,
The National University of Malaysia
“Credit Default Swaps (CDS) and their role in the credit risk market.”
Eliana Angelini, G. d’Annunzio University of Economics, Italy
“What information stakeholders of companies in developing countries want? Sri
Lankan evidence.”
Anura De Zoysa and Shyam Bhati, University of Wollongong, Australia
“EXPLAINING SRI BEHAVIOUR OF MALAYSIAN UNIT TRUST FUND MANAGERS
USING THEORY OF PLANNED BEHAVIOUR.”
Abdullah Sallehhuddin Abdullah Salim, Md Shukor Masoud, and Al-Mansor Abu Said,
Faculty of Business and Law, Multimedia University, Malaysia.
.Mohammad Talha, King Fahd University of Petroleum and Minerals, Saudi Arabia
“Monitoring costs of MNC: An agency theory perspective.”
Mazlina Mustapha, Faculty of Economics and Management, Universiti Putra Malaysia,
Ayoib Che Ahmad, College of Business, Universiti Utara Malaysia. Malaysia
Discussants: From the floor
11:50 PM – 1:00 PM
Session III: MARKETING
______________________________________________________________________________
SESSION CHAIR: Norzalita Abd Aziz, Universiti Kebangsaan Malaysia
8
“Exploring Factors that Influence SME’s Adoption of SMS Based Advertising & IT
Usage in Marketing Activities: Malaysian Managerial Perspective.”
Norzalita Abd Aziz, Universiti Kebangsaan Malaysia, Malaysia
“Investigating the Influential Factors on Visitors’ Satisfaction & Intention to
Revisit to Theme Parks in Malaysia.”
Norzalita Abd Aziz*, Ahmad Azmi Ariffin, Universiti Kebangsaan Malaysia
“The Technical Implementation of the New Generation of the RFID System.”
Eva El Haj Chehade, Beirut Arab University, Akram Tanni, American University of
Beirut and Abdul-Nasser El-Kassar, Lebanese American University
“Incubators: Economic Theories Vs. Economic Development.”
Hanadi AL-Mubaraki, College of Engineering Kuwait University, Kuwait
Michael Busler, Richard Stockton Collage, USA
Discussants: From the floor
1:00 PM - 2:00 PM
2:00 PM – 3:30 PM
LUNCH BREAK
Session IV: MANAGEMENT
SESSION CHAIR: Sudhir Chawla, Angelo State University, USA
“Emergence of Global Carbon Market and Its Relevance to Saudi Arabia.”
M. Anaam Hashmi, Samai Maqbool, Abdullah Naseer, King Abdul Aziz University,
Saudi Arabia
“Employee quality management practices at Network Security Solutions.”
Ganakrishnan Gopalakrishnan, RMIT University, Vietnam
“Perceptions of Closed Source Software with Relation to the Experience Life
Cycle.”
Sudhir Chawla, Kaushik Ghosh, Angelo State University, USA
“ETHICAL CLIMATE AND ETHICAL JUDGMENT INFLUENCE ON EMPLOYEES’
BEHAVIOR IN SELECTED MALAYSIAN PUBLIC SECTOR.”
Amalina Abdullah and Ridzwana Mohd Said, Universiti Putra Malaysia
9
“Leadership and Management Practices in Health Care Delivery.”
Susan Thomas , University Malaya, Malaysia
Mathew Abraham, University of Nottingham, Malaysia
Beh LooSee, University of Malaya, Malaysia
Discussants: From the floor
3:30 PM – 5:00 PM
SESSION V:
Interdisciplinary
SESSION CHAIR: Esmael Adibi, Chapman University, California, USA
“APPLICANT PERCEPTIONS OF SELECTION METHODS IN THE UAE: REPLICATION AND AN
EXPANSION OF EXISTING RESEARCH”
Khaldoun I. Ababneh, School of Business Administration ,American University In Dubai
Nita N. Chhinzer, Department of BusinessUniversity of Guelph
"The U.S. Economic outlook in 2012 and Beyond.”
Esmael Adibi, A. Gary Anderson Center for Economic Research
Chapman University, California, USA
“Factors affecting trust in relationships within bank branches in India.”
Shyam Bhati and Anura DeZoysa, School of Accounting and Finance
University of Wollongong, Australia
”Empirical Evidence Examining the Effect of Corporate Finance Decisions on
Corporate Performance in the Absence of Taxes Context: Kuwait.”
.Mohammad Al Mutairi and Helen Hasan, University of Wollongong, Australia
“Corporate Governance in Sri Lanka: the Status Quo.”
Walter Gunathilake, University of Greenwich, UK
Anil Chandrakumara and Anura De Zoysa, University of Wollongong, Australia
Discussants: From the floor
______________________________________________________________________
HAPPY NEW YEAR
10