The Role of R&D Leverage as a Dynamic Capability in Performance Creation:Evidence from SMEs in Taiwan

This study addresses the role of R&D leverage in SMEs’performance creation.The authors do so by considering SMEs’high resource dependence due to isomorphism.We propose that R&D leverage,with a presence of dynamic capabilities,plays a moderating role in the relation between resource investments and performance.This study,which focused on Taiwan’s SMEs,conducts a questionnaire survey using the hierarchical sampling technique,across various industries and geographic areas in Taiwan.The empirical findings reveal that R&D leverage as an essential leveler in resource management enhances resource advantages.

Assessment of the Methodology for Studying the Pricing Mechanism in the Transition Time of the Ukrainian Electricity Sector to the Free Market Principles

Electricity Market Act№2019-VIII passed in 2017 by the Verkhovna Rada of Ukraine enacts in July 2019 and causes the transition of this segment of the economy to the free market principles.The implementation of this Act is perceived ambiguous.Many experts criticize this Act,which have numerous risks,especially pricing risks.In order to better understand the implications of the enactment of the adopted Act,a study was carried out on the methodology of the pricing mechanism in the retail segment of the electricity market based on the Demand Side Management(DSM)approach.In the study,one of the varieties of DSM models was used–a dynamic demand-supply model for describing the pricing mechanism and short-term forecast of retail prices.Test and comparative analysis were conducted.The last one based on possibilities of short-term forecasting of prices of DSM model with the well-known Holt-Winters method.For testing were set historical data on electricity prices in England and Wales,during the transition period from a model similar to the current model of the Ukrainian electricity market.

The Impact of Democratization on“FDI”in Tunisia-A Comparison of Pre and Post Revolution Periods

The study examined the impact of democratization on foreign direct investment in Tunisia and has done a comparison of the pre and post revolution periods.The paper has used secondary data for the variables GDP per capita,FDI,Gross Fixed Capital Formation(GFCF),Current health expenditure(%of GDP)for the period 2001-2018.The study aims to provide arguments of the favorable political conditions for FDI,the purpose is to understand;whether,democracy and autocracy attract FDI in the Pre and Post-event of revolution in Tunisia.In addition,this investigation discusses the key elements for path dependency in democratic transitions from autocracy to democracy.The study found that there is a correlation between the adoption of a democratic regime and the FDI evolution.A democratic regime creates the right political circumstances to improve macroeconomic performance.It can stimulate growth if it is conducted in a stable political environment.

Public Management Innovation in the Age of Big Data

In the Internet age,computer technology and data analysis technology have been applied to the daily lives and work of the people.Big data technology has brought great influence to public management,providing efficient and convenient public services and improving the ability to cope with public opinion crises[1].However,in the actual public management process,there are widespread problems such as single practice and poor data openness.Based on this,the article expounds the relevant content of big data,introduces the role of big data in public management,and studies the public management innovation in the age of big data.

Author Guidelines

This document provides some guidelines to authors for submission in order to work towards a seamless submission process.While complete adherence to the following guidelines is not enforced,authors should note that following through with the guidelines will be helpful in expediting the copyediting and proofreading processes,and allow for improved readability during the review process.

The International Mobility of Students Apprentices at the Heart of Building a Skills Economy: the Example of the Corsican Territory

At a time of exacerbated globalization,education,and more generally training,is a key factor for our society,at the heart of territories challenged to renew themselves in the face of the emergence around the globe of new centers of economic and demographic gravity,with their own models.Training,and its link with working life,is a real challenge to face,in the near future,the technological,economic,political and environmental revolutions that we are already facing.Beyond what is called sandwich training or continuing vocational training in Higher Education,the current challenge is indeed around lifelong learning,old concept but whose forms always call for an actualization in modernity.At the heart of a small island territory like Corsica,this challenge is all the more crucial to take up as it foreshadows its attractiveness in a context of glocalisation[8]now durably anchored.In an ever-changing global environment,with moving landmarks,increasingly complex personal and professional lives,and where everything that seemed well compartmentalized yesterday faces increasing porosity,the purpose of this contribution is to explain that the international mobility of students apprentices,at the heart of the construction of a skills economy,is a major strategic issue for the development and structuring of a small territory such as Corsica.

College Students’Cognition of Internet Accidental Injury Insurance:A Case Study of Guangdong Province

To explore college students'understanding and satisfaction of internet accidental injury insurance,and to analyse the factors influencing college students'awareness and satisfaction of internet accidental injury insurance.836 college students in Guangdong Province were selected by stratified random sampling.They were investigated with the self-designed questionnaire"College Students'Cognition of Internet Accidental Injury Insurance(CSCIAII)".29.67%,52.18%,10.13%and 8.02%of the college students didn't know,knew a little,knew relatively well and knew very well about internet accidental injury insurance,respectively.The percentage of college students who were very satisfied with the internet accidental injury insurance,thought the internet accidental injury insurance basically met their own needs,think it was acceptable but needed to be improved,did not agree with and were not satisfied with it at all were 9.55%,16.82%,47.73%,11.82%and 14.09%,respectively.College Students’awareness of insurance is weak,and they do not pay enough attention to accidental injury insurance.The design,publicity and sale strategies of internet insurance products may be important factors affecting college students'understanding and satisfaction with internet accidental injury insurance.

The Dynamic Model of Intellectual Capital Creation in Family Business:The Dynamic Capabilities Perspective

The purpose of this paper is to examine the role of knowledge and learning as a dynamic capability that leads to competitive advantage in family firms.It further conceptually develops a model showing the relationship between intellectual capital,firm performance,and dynamic capabilities in family firms.This study highlights knowledge accumulation,knowledge integration,knowledge codification,and the preservation of socioemotional wealth(SEW)as a set of dynamic capabilities.Such capabilities allow a family firm to sense and seize business opportunities and gain competitive advantages.Findings from the case applications reveal that family businesses benefit from the accumulation of knowledge through expertise,skills,and employment of non-family members and having family involvement as important strategic assets that lead to increased value in family firms’performance.

The Influence of Differential Leadership on Employees’Affective Commitment:A Perspective of the Insiders and Outsiders

From the perspective of the insiders and outsiders,this study explores the influence of differential leadership on employees’affective commitment and the moderating effect of leader’s self-enhancing humor and individual traditionality.The results show that the differential leadership has a positive impact on the organizational affective commitment of employees,the leader’s self-enhancing humor and the employees’traditionality play a positive regulatory role respectively.Moreover,compared with the outsiders,the low traditionality has a stronger influence on the relationship between differential leadership and organizational affective commitment of the insiders.This paper enriches the research on the influence of leadership style on employee’s affective commitment,proposes and verifies the moderation of leader’s self-enhancing humor and employee’s traditionality,which complements the boundary conditions for the effectiveness of differential leadership style.

A Mathematical Methodology for the Preventive Study of the Failure Rate to Optimize the Maintenance Program of a Public Work: Economic-Management Aspects for Safety and Quality

In this paper we analyze the problem of the assessment of the failure rate of the complex public work system and the engineering part of it (bridge, tunnel, etc.), examining the case of serious maintenance problems, such as those which occurred in the recent disaster of the "Morandi bridge". The original mathematical methodology envisaged makes it possible to optimize the safety and quality scenarios of the operation and infrastructure in question, also from an economic-management point of view, evaluating every aspect in an integrated way and for the entire period life. The scientific results obtained are of particular interest for the study of maximization of the planning protocols of "terotechnological" interventions, providing a contribution to the science of programmed maintenance for the mobility networks and for more complex parts such as bridges and tunnels.

Author Guidelines

This document provides some guidelines to authors for submission in order to work towards a seamless submission process.While complete adherence to the following guidelines is not enforced,authors should note that following through with the guidelines will be helpful in expediting the copyediting and proofreading processes,and allow for improved readability during the review process.

An Analysis of the Business Climate and the Investment Intentions Trend in Post-revolutionary Tunisia

The paper examined the impact of business climate on the investment intentions of local enterprises,Mediterranean enterprises,and individual entrepreneurs in Tunisia.The paper has used both primary and secondary data.The secondary data is used for literature review and primary data has been collected by survey in Tunisia.Primary data were collected from 257 local and 204 Mediterranean businesses,including Large Corporations,Small businesses and SMEs,and 362 individual Tunisian investors,using a structured questionnaire via face-to-face interviews.Principal Component Analysis,t-test,ANOVA,post-hoc test,and the model of Multinomial Logistic Regression Analysis has been carried out to study the interrelationships among the variables in this paper.A descriptive analysis of the data has also been done.The paper found that the most important economic variables for local and Mediterranean enterprises are the“presence of support system”and“Investment Grants”.Though for the Individual Investors the most important economic variables are“Saturation of Market”,“Investment grants”,and“Data Access”.The social variables“safety in daily activities,safety while traveling”and“security level of governance”are the most important variables.Further,the most important political variables affecting investment decisions are“Good governance”and“Law enforcement”of local,Mediterranean enterprises,and individual investors.The paper also found that political dimensions have a significant impact on the investment intentions of local enterprises,while social dimensions have a significant impact on the investment intentions of Mediterranean enterprises.Moreover,economic dimensions have a significant impact on the investment decision of individual investors.The paper suggests that,by developing a favorable climate for businesses,the government should promote investment in Tunisia.Easy credit facilities should be provided to the entrepreneurs.There is a need to provide credit guarantee tools to small and medium-sized businesses for easy access to financial services.

Does the Accounting Information Systems(AIS)Influence the Economy?

The purpose of this study is to look at the impact of accounting information systems on the economy.The study has been directed based on the analytical and theoretical.It observed a total of 500 respondents.To run the research and to get informative results,this paper used primary data.It uses the Chi squire test,ANOVA tests,and Multinomial Logistic tests for analyzing the results.It calculates the data with the help of IBM statistical packages for social science(SPSS).This paper assumes that AIS is beneficial for Bangladeshi organizations,which contributes to the economic development of Bangladesh.However,it finally shows that this system has a gap between what accounting information systems are&what should be.This paper suggests that an organization may get potential benefits through the implementation of AIS in Bangladesh.It also will be benefited stakeholders from implying it.The paper conducts based on the listed financial organizations of Bangladesh.This is the main limitation of this study.It is the first work in Bangladesh based on my knowledge.It provides accurate information to all stakeholders that help them to the right decision.It will also help to improve the economic development of Bangladesh.

Effect of Employees’ Pay-performance Sensitivity on Future Firm Performance: Evidence from State-owned Listed Enterprises in China over 2007-2015

Taking a balanced panel data consisting of 4365 firm-year observations drawn from the listed state-owned enterprises in Shanghai and Shenzhen Stock Exchange over 2007-2015 as the research sample,the paper examines the effect of the employees’pay-performance sensitivity(PPS)on the future firm performance from the two competing perspectives of“incentive effect”and“risk-aversion effect”,adopting the method of multiple regression analysis based on OLS and applying the SPSS23 as the data processing tool.Theoretical analysis and empirical results demonstrate that there is a positive link between the employees’PPS and the future firm performance.To improve the employees’PPS can stimulate the engagement of the employees,improve their working quality,enrich their workplace innovative behavior,and further lead to higher future firm performance.Meanwhile,the positive effect of the employees’PPS on the future firm performance is,on average,lower than that of the top executives’PPS on the future firm performance.Implications of the findings are provided in the end.

An Alternative Proposal for Financing for the Agricultural Sector (Agricultural SME’s Bonds)

In today’s environment,where SME’s financing continues to be a serious problem,systems that facilitate non-bank financing models different from traditional ones should be considered.In the present article a model of financing based on bonds for SME’s is proposed,very suitable for the agricultural sector or any group with little access to traditional financing.To improve the analysis,a fuzzy logic system is proposed that allows the most representative variables to be properly selected and take into account the uncertainty of the environment and the subjectivity of the analysts.

Ownership Structure and Earnings Quality of Listed Financial Firms in Nigeria

The study determined the effect of ownership structure on earnings quality of listed financial firms in Nigeria.The study employed secondary data.The study population comprised all the 16 listed financial firms on the Nigerian Stock Exchange.Purposive sampling technique was adopted to select top 10 banks whose shares are consistently traded on the stock market.Data for ownership structure and earnings quality were sourced from the audited financial statements of the selected firms and the Nigerian Stock Exchange Factbook over a period of 10 years(2009-2018).Collected data were analyzed using pooled ordinary least square,fixed effect and random effect estimation techniques.The result from the study showed that institutional ownership(t=4.3,p˂0.05)had a positive and statistically significant relationship with earnings quality while ownership concentration(t=-2.5,p˂0.05)had a negative and significant relationship with earnings quality.The study recommended that the institutional ownership which shows a positive relationship with earnings quality enables improved earnings of the sampled listed banks.More institutional participation should be allowed in the Nigerian listed banks as it was proved that they have the power to monitor the affairs of managers as this will have a positive impact on earnings.Concentration ownership gives managers incentives to manage earnings to achieve short term opportunistic interest;therefore it should not be encouraged.

Operations Management Perspectives in the Air Transport Management

The area of operations management has had a substantial effect on the today’s air transportation management.Having moved with huge demand from management to obtain a competitive advantage in the market,the airlines are utilizing advanced optimization techniques to develop decision support systems for operations management and control.In order to provide a service with high quality and low cost,airlines spend a tremendous amount of resources and effort to generate profitable and cost-effective fare classes,flight schedules,fleet plans,aircraft routes,crew scheduling,gate assignment,etc.In this paper,the techniques and operations management applications that are used in the air transportation industry are reviewed including demand forecasting,fleet assignment,aircraft routing,crew scheduling,runway scheduling problem and gate assignment.

Standard Gravity Inversion Modeling FDI Per Capita GDP in the Ethiopian economy Environment from 1998 to 2017

The reality of FDI in the Ethiopian economy environment as well as the standard and analytical modeling of the reflection of this type of investment on the economic growth during the period(1998-2017)based on the hypothesis that the policy of attracting foreign investments in the Ethiopian economy has a positive effect in general And per capita GDP in particular.The analytical and standard study concluded with a number of results,including:(1)The Ethiopian economy's qualitative leap coincided with the entry of foreign direct investment into Ethiopia until Ethiopia reached Africa's fastest growing economy in return for the second most attractive country for foreign investment in the world after Angola in 2016.(2)The strength of foreign direct investment(FDI)has been reflected in the size of the GDP,but it has not been reflected in the level required for the welfare of the Ethiopian individual.(3)The standard study indicates that there is a direct correlation between FDI and GDP per capita,meaning that any increase in the volume of FDI in the Ethiopian economy will lead to an increase in per capita GDP.

A Brief Review for E- Commerce and the Critical Success Factors

Along with the rapid development of information technologies, traditional trade has moved to electronic area. Today, many business activities are performed in electronic environment. Since electronic commerce is rapid and easily reachable, it has begun to attract much more attention by consumers and businesses over time. In this study, a brief review about e-commerce is provided. The main aim is to examine the hot topic of e-commerce with different aspects. The increasing importance of e-commerce is presented by providing statistical support which shows a dramatic increase in total e-commerce sales worldwide. Tools, types, payment methods, and critical success factors of e-commerce are investigated. Eight different tools which can be used in e-commerce are explained. Seven types of e-commerce are classified. In addition, nine payment methods of e-commerce are elaborated. Moreover, three main critical success factors including eight sub-factors are structured in a hierarchical form to aid the companies in e-commerce. Depending on these critical success factors, this study aims to set a well-organized base in order to decide the best e-commerce company in further studies.

Venture Capital Finance-Eliminating Double Sided Moral Hazards through Trade-off between Economic and Behavioural Economic Aspects-A Case Analysis

Venture capital finance has two aspects,the economic aspect and the behavioural economic aspect.The economic aspect includes issues such as conflict of interest between the entrepreneur and the venture capitalist(VC),asymmetric information,moral hazard,and compensation issues for both the parties.The behavioural economic aspect is related to relational factors such as empathy and a feeling of fairness and trust shown by both the parties.Therefore,while deciding the financer,entrepreneur should consider both relational aspect and value add services of the financier and strike optimal trade-off.The ensuing case analysis has been carried out focusing on elimination of double-sided moral hazards through a proper trade-off between economy and behavioural economic theories(aspects).The performance of the venture can be enhanced by balancing both of these theories in practice.An equity distribution that represents economic reward is a source of motivation for both the parties to put optimal efforts towards the success of the venture.This was seen in the case analysis,when the parties perceived the initial equity distribution agreement as fair,the satisfaction level of all the parties increased,leading to the reduction in the possibility of double-sided moral hazard and ensuring the success of the venture.Moreover,the analysis shows that information sharing and two-way communication increases trust and improves decision quality.It further focusses on how feedback and proper work distribution results in efficiency of performance for each of the stakeholders,leading to reduced probability of double-sided moral hazards.