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Advisory Board
Charles L. Martin, PhD Professor of Marketing
Wichita State University, Kansas
USA
Shengliang Deng, PhD
Professor of Marketing and International Business
Brock University Canada
Themis D. Pantos, PhD
Professor of Finance Zayed University
UAE
Ayse Akyol, PhD
Professor of Marketing
Tarkya University
Turkey
J. D. Agarwal, PhD Professor of Finance
Chairman, Board of Governors
Indian Institute of Finance
India
Berna Burcu Yilmaz, PhD
Professor of Accounting
Canakkale Onsekiz Mart
University
Turkey
Salvatore Messina, PhD
Professor European Economic
Policy
President and CEO of Europe
Foundation
Albania
William Moylan, PhD
Professor Construction Management
Eastern Michigan University
USA
Wafa Khlif, PhD
Professor of Management
Accounting
Toulouse Business School
Barcelona
Spain
International Research Conference on Business, Economics
and Social Sciences (IRCBES-2015)
International Research Conference on Business, Economics and Social Sciences (IRCBES-2015)
is joint effort of Academy of Business Management Conferences (ABMC) and International
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International Research Conference on Business, Economics and Social Sciences, IRCBES-2015 May 27-28, 2015, Kuala Lumpur, Malaysia
Pearl International Hotel
Kuala Lumpur
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Session Plan
27-28 May, 2015
Kuala Lumpur, Malaysia
Conference Session Plan International Research Conference on Business, Economics
and Social Sciences, IRCBESC-2015
08:15-09:00 Registration and Caucus
09:00-09:15 Welcome Address by Dr. Farooq Anwar Bajwa
09:15-09:30 Address by Key Note Speaker Dr. Inam Ul Haq IRC- Conference Convener
09:30 Combined Group Photo
09:40- 10:00 Tea/Coffee Break (Socialization and Networking Session).
10:00- 12:00 Session I
12:00- 13:00 Lunch Break
13:00-15:00 Session II
15:00-15:30 Tea/Coffee Break (Socialization and Networking Session).
15:30-17:30 Session III
17:30-18:00 Closing Ceremony Best Presentation Awards. Special Awards and gifts for Presenters.
Session Plan
27-28 May, 2015
Kuala Lumpur, Malaysia
Session I 10:00: 12:00
AUDITORIUM NO. 1
PRESENTER
Time
FROM
TILL
SESSION I
Session Chair: Surasuk Jotawon
PAPER 1: The relationship between Islamic
financial development and economic 1: Hadeel Saleh Baazeem &.
growth: evidence from Saudi Arabia Hassanuddeen Abd. Aziz
PAPER2: A REVIEW ON ACCOUNTING
FOR LEASES; THE APPROACHING 2: Mr: Shahir Shehadeh &
NEW LEASE ACCOUNTING M. El-Qawaqneh
STANDARD
PAPER 3: THE INFLUENCE OF
OWNERSHIP STRUCTURE AND
CORPORATE GOVERNANCE TO THE
INVESTMENT DECISION COMPANIES 3: Dr. Muhammad Nasrum
120
10:00 12:00
LISTED ON THE INDONESIAN STOCK
EXCHANGE MIN
PAPER 4: SINERGY OF S
INFRASTRUCTURE POLICY AND SALT 4: Rico Febriardyanto, Galih
PRODUCTIVITY IN ORDER TO Adi Prasetyo & Prakuta
DECENTRALIZATION FOR Wijaya
INCREASING INVESTATION ON
MADURA
PAPER 5: JAPANESE TOURISM: 5: Anna Davtyan
ADVANTAGES, CHALLENGES,
SOLUTIONS
PAPER 6: THE BIGOTRY VIS-À-VIS
6. Alexander Franco A.
CEBUANO ETHNIC FILIPINOS AND Delantar,
THE CEBUANO SOCIETY
Lunch Break
12:00-13:00
Session Plan
27-28 May, 2015
Kuala Lumpur, Malaysia
Session II
13:00-15:00
AUDITORIUM NO. 1 PRESENTER Time FROM TILL
SESSION II
Session Chair: Prakuta Wijaya
PAPER 1: THE SHARIAH (ISLAMIC LAW) 1: Lateef Wale
APPROACH IN THE APPLICATION OF THE
Adeyemo, Syahirah
PRINCIPLES OF IJARAH (LEASING) IN JAIZ
Abdulsukoor Ph.D &
BANK IN NIGERIA AND BANK ISLAM IN
Amalina Ahmad
MALAYSIA.
Tajuddin Ph.D
PAPER 2: THE IMPACT OF SOCIAL 2: Huda Abdul-Aziz
COMMUNICATION NETWORKS ON FORMING
Aldegheiry
SOCIAL RELATIONS AMONG
PAPER 3:POLICY TRANSFER IN THAILAND: 3: Surasak Jotaworn 120
CASE STUDY BANGKOK WORLD BOOK 13:00 15:00
MIN
CAPITAL
PAPER 4: HALAL FOOD MARKET: NON-MUSLIM 4: Vincent Zafra
BEHAVIORAL AGREEMENT AND ITS IMPACTS
TO THE INTEGRATED MARKETING
COMMUNICATIONS ACTIVITIES OF HALAL
FOOD BUSINESSES IN METRO MANILA
PAPER 5: THE IMPACT OF MULTIMEDIA 5: Sarah Omar & Dr.
Azman Bidin
GRAPHIC AND TEXT WITH AUTISTIC
LEARNERS IN READING
PAPER 6: CREATING A PHILIPPINE TOURISM 6: Katrina Dominique
WEBSITE FOR INTERNATIONAL YOUTH
A. Mallari,
TRAVELERS
Session Plan
27-28 May, 2015
Kuala Lumpur, Malaysia
Session III 15:30-17:30
AUDITORIUM NO. 1 PRESENTER TIME FROM TILL
SESSION 1II
Session Chair: Farooq Anwar
1: Jhonnel M.
PAPER 1: MARKETING STRATEGIES OF MR. MICHAEL S. Azarcon, Jhazelle F.
YANGA TRANSLATED INTO DYCI HIGH SCHOOL Almadin, Sharina B.
TRANSFORMATION
PAPER 2: SELECTING A BUSINESS EXPANSION PROGRAM 2: Clarissa Handoko
Subianto and Santi
USING SIMPLE MULTI ATTRIBUTE RATING TECHNIQUE
Novani
THE CASE OF TOKO KING
PAPER 3: FINANCIAL FEASIBILITY STUDY, MONTE 3: Dinny Windianti
CARLO SIMULATION, SENSITIVITY ANALYSIS AND RISK & Subiakto
ASSESSMENT OF YELLO HOTEL PROJECT Soekarno
PAPER 4: DETERMINANTS OF RETAILER PRICE IMAGE 15:30 17:30
: EVIDENCE FROM INDONESIA
4: Perengki Susanto,
Sofia Nurrahmah 120
Budiman MIN
PAPER 5: RELATIONSHIPS BETWEEN SHAREHOLDERS
STRUCTURES AND ACCOUNTING PROFITABILITY OF
LISTED COMPANIES IN THE STOCK EXCHANGE OF 5: Pimook Janngam
THAILAND & Kanitsorn
Terdpaopong
PAPER 6: VALUATION OF OIL AND GAS INDUSTRY
6: Diana Kulibayeva
PAPER 7:THE IMPACT OF SOCIAL MEDIA
ADVERTISEMENTS ON SME’S PROD
ZANZIBAR
7. Hamad Kh. Said
17:30-18:00
Closing Ceremony
ABSTRACTS
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
ICT TRAINING MODEL FOR DIFFERENTLY ABLED COMMUNITY IN SRI LANKAN APPAREL INDUSTRY
Nirosha Wedasinghe
& Nimali Sirisoma
General Sir John Kotelawela Defence University, Faulty of Computing, Rathmalana, Sri Lanka [email protected]
Abstract The number of disabled populations in Sri Lanka increased due to the three decades of civil war in
the country. The partially disabled community engaged in the Sri Lankan apparels Sector. This
community face problems in the technology use due to their disability .Effective use of Technology helps organisations to be produce productive outputs and disabled community to have equal rights
on technology use. Objective of this study is to in-depth investigation to the causes for disability
digital divide in apparel sector. This study involved literature survey and interviews and site visiting.180 participants interviewed in order to identify the technology adaptation issues. Sample
selected from different communities, disabled categories and different management and operations level in the apparel industry. Data collected in order to cover themes including Perception on
Information Technology, Problems in technologies and barriers of using technologies. According
to the technology adoption model findings were indicated that the technology adoption among the community is low. The basic level ICT technologies used by the differently abled communities are
not align with the modern technologies used in the world apparel sector. This paper proposes an
ICT training implementation model to overcome the disability digital divide issues in the sector. The proposed ICT training model included with the solutions to overcome the issues identified through
the research.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
A REVIEW ON ACCOUNTING FOR LEASES; THE APPROACHING NEW LEASE ACCOUNTING STANDARD
Mr. Shahir Shehadeh
& M. El-qawaqneh
E-mail: [email protected] [email protected]
Abstract Lease is a vital source of finance and Lease activities accounting won the researchers‟ intention
since 1963. Lease initiated in a form of discussion paper in the year 2000, the aim was enhancing
the financial information quality and to provide a transparent picture about companies‟
leasing activities in the interest of all parties. Recently, the International Accounting Standard Board (IASB) and its American counterpart, the Financial Accounting Standard Board (FASB) issued their second lease accounting exposure draft (842/2013). The most striking change was made in the project is the classification of all above 12 months term lease contracts as financial lease. A new international lease accounting standard is approaching with the end of this year 2015. This paper is to explore the diversified academic views on the new lease accounting reform regulations, of both parties, supporters and opponents. This study provides a better understanding of the proposed lease accounting standard implications, and its enactment economic consequences. Keywords: the boards, lease accounting exposure draft, economic consequences.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia The Influence of Ownership Structure and Corporate Governance to the Investment Decision Companies Listed On the Indonesian Stock
Exchange
Dr. Muhammad Nasrum School of Management YAPIM Maros, Indonesia
Abstract
This study aims to determine the significance effect of ownership structure, corporate governance to
investment decisions manufacture companies listed on the Indonesian stock exchange. Data used in
this study is secondary and primary using 40 sample companies manufacturing. The results indicated
that the ownership structure and corporate governance have a positive effect on investment decisions.
Positive effect of ownership structure and corporate governance on investment decisions caused by
the ownership is still concentrated to the owners and insider holdings.
Keywords: Ownership Structure, Corporate Governance, Investment Decisions
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
SINERGY OF SALT’S INFRASTRUCTURE POLICY PRODUCTIVITY IN ORDER TO DECENTRALIZATION FOR
INCREASING INVESTATION ON MADURA
Rico Febriardyanto, Galih Adi Prasetyo
& Prakuta Wijaya
Airlangga University’s Undergraduate
Abstract Exploration of marine resources to the blue economy continues in Indonesia. However, exploration
of marine resources is only focusing on sectors that valuable and has great market interest. The exploration focus of natural resources has become a staple and a small efficiency values seem only
made as a list of development projects without absence of concrete steps in the execution of
abundant resources. Salt is the one resource that should be abundant in Indonesia. However, the reluctance and poor assessment of the sector profit making development of salt industry became
slack. Salt imported by the government to cover the deficit of national salt production. Shortage of
infrastructure is one of the factors that affect the national salt production. It is seen from the decreasing salt land and production optimization still traditional. This study tried to examine more
deeply about the relationship between government policy infrastructure sector development primarily in Madura into the salt stock national basis and investment. This paper using Pooled
OLS to analysis the shortage of salt problem in Indonesia. the purpose of this paper is knowing the
relationship between infrastructure, decentralization, and salt production in Madura. Keywords: infrastructure, Salt Productivity, Governments Expenditure, Decentralization
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
OIL PRICES DYNAMIC EFFECT ON THE ECONOMY:
AN IMPULSE RESPONSE FUNCTIONS ANALYSIS OF OIL PRICES EFFECT ON SPECIFIC ELEMENTS OF THE SAUDI
ECONOMY
Samar Abbaq &
Shabbir Ahmed, PhD Effate University, Jeddah, KSA [email protected] [email protected]
Abstract Oil is one of the most important factors that affect the economy of Saudi Arabia. Previous studies showed that oil prices can affect the growth of the economy especially in oil exporting countries. As oil represents approximately 90% of the exports, and almost 75% of government revenues (International Business Publications, 2008), and with the recent prices decline, the study of the dynamic effect of oil prices volatility is of great importance. This study aims to investigate the dynamic effect between oil prices variations and Saudi Stock Market, Gross Real Exchange Rate, and Inflation. The study uses monthly data starting from January 1994 to September 2014. The Granger causality test, variance decompositions test, and impulse response functions model will be applied. The “ADF” & “PP” tests are to assess the Causality test is to evaluate the direction of
causality. The VDC is to test if the data are exogenous. The Impulse Response Function Model
analysis (IRFs) will be used to give us a certain measure or figure of the force for several periods
in the future. The predictable impulse response of the VAR system allows investigation into how
the variables respond to innovations from other variables in the system. Our findings shows that the causality moves from oil prices to the variables of interest, and Oil prices fluctuations has a positive impact on the variables of interest in the Saudi economy. This paper improves the understanding of the interaction between oil prices and the economy. Keywords: Oil Prices Fluctuations, Granger Causality-VDC-IRF, Saudi Economy Variables: GDP-Stock Market-Inflation- Real Exchange Rate-Inflation.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
THE SHARIAH (ISLAMIC LAW) APPROACH IN THE APPLICATION OF THE
PRINCIPLES OF IJARAH (LEASING) IN JAIZ BANK IN NIGERIA AND BANK ISLAM IN MALAYSIA.
Lateef Wale Adeyemo, Syahirah Abdulsukoor Ph.D & Amalina
Ahmad Tajuddin Ph.D Abstract The paper analyses the Shariah approach in the application of the principles of Ijarah (leasing) and compares the transactional techniques use in both Jaiz Bank in Nigeria and Bank Islam in Malaysia.
The paper discusses a new measuring instrument of services quality to suit current situation of
Islamic Banking sectors in Nigeria and Malaysia. This paper suggests that the early adoption of services quality by Islamic banks can be improved in terms of its efficiency in offering the products
and services to the customers by way of tight security, customer friendly and to ensure that Islamic
Banking System can harvest good perception by the public and to attract the global participation as promoted by the Government to be global Islamic finance and investment in case of Malaysia.
As for the Government of Nigeria to give its financial support and encouragement to the banks and
customers. At Islamic bank level, the management of the bank can use the result from this paper to identify those areas that need improvement and resources to improve auto financing and investment
services. The findings of this in eliminating certain unwanted procedures and improving the awareness to Nigerians. This is because the interest-free and profit/loss sharing features of an
Islamic Bank will attract new customers even non-Muslim so that the bank will have stable profit
stream for business sustenance. In addition paper will be good guidance to Nigerian Islamic banks in order to formulate their marketing strategy in a more effective manner.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
THE IMPACT OF SOCIAL COMMUNICATION NETWORKS ON FORMING SOCIAL RELATIONS AMONG
Huda Abdul-Aziz Aldegheiry
University Students in Saudi Arabia PhD Candidate, School of Social Science, Universiti Sains Malaysia
Abstract In the recent years, there has been an escalating trend in the phenomenon of social communication networks .This phenomenon presents both positive and negative implications to the modern society. In Saudi Arabia, strong relationships and bonds with family members are part and parcel of their culture and ways of life, and this condition has been preserved over generations. However, it doesn’t relationships and the way they communicate will stay free from the influence of the proliferation of social networking sites. The research aims to determine the impact of social communication networks on forming social relations among the university students in Saudi Arabia and the efficiency of social network interventions on strengthening their cultural and religious identity. The contributions of my research are directed in the area of social media intervention on the formation of social policies and actual practices of social works. The study uses General Systems Theory (GST) to look at social units such as individuals, families, group of persons, institutions, or societies as a system. Data is collected from 5 universities in Saudi Arabia through a questionnaire of 60 items comprising of 5 sections. A semi structured interview was also conducted with 30 students from the selected universities, 3 respondents from King Abdul-Aziz City, 1 television personnel and 1 Saudi Arabian famous Twitter celebrity. The research will contribute to the literature as reference for future researches on the impact of social communication network and the information will improve the practices of social work.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
POLICY TRANSFER IN THAILAND: CASE STUDY BANGKOK WORLD BOOK CAPITAL
Surasak Jotaworn
Master of Art Policy Management International College
National Institute of Development Administration 2015
Abstract This research attempts to describe the concept of policy transfer through World Book Capital
Project by UNESCO that several countries used as a lens to enhance the situation of reading
behavior and raise the significant of reading awareness. To the efficiency and effectiveness of
analysis, policy transfer network is the most appropriate theory which policy makers observe the
responses of their network to similar problems. In addition, policy transfer is included to activity
and knowledge used in the policy development of anywhere. Based on empirical studies, Bangkok
Metropolitan Administration as the main agent had deployed the high technology of communication
particularly the internet to assist and receive the substantive information for transferring.
Moreover, Bangkok World Book Capital 2013 is the voluntary transferring which has the nature of
performance to stimulate and motivate the reading campaign without analogue or external forcing.
Finally, this research found the transferring of criteria defined by UNESCO as an inspiration degree
of the policy transfer that used the program elsewhere for motivating Thai reading habit rate.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
HALAL FOOD MARKET: NON-MUSLIM BEHAVIORAL AGREEMENT AND ITS IMPACTS TO THE INTEGRATED
MARKETING COMMUNICATIONS ACTIVITIES OF HALAL FOOD BUSINESSES IN METRO MANILA
Vincent Zafra
Abstract With core trademarks of cleanliness and quality, the Halal cuisine has become one of the global trends in the food industry today catering both the Muslim and Non-Muslim populace. Here in the Philippines, where Muslims are only of little percentage, it is uncertain if the Halal market would play a big spot on the consumers‟ motivation of the researchers to determine the behavioral agreement of the Non-Muslim Filipino consumers, as the market which represents a larger number of possible customers, regarding Halal foods. In addition, the researchers would also like to know its impacts to the Integrated Marketing Communications activities of Halal Food businesses in Metro Manila. In accumulating enough data, the researchers utilized a two-phase process. The first phase involved the identification of the behavioural agreement among Non-Muslims in factors of attitude, subjective norms and perceived behavioural control (based on the Theory of Planned Behaviour). The researchers adopted the questionnaire of Omar et al (2012). Cronbach‟s Alpha of th researchers then, distributed 200 survey questionnaires on six Halal restaurants found in Ermita and Quiapo. Consequently, the second phase involved the identification of impacts entailed by the Non-Muslim behavioural agreement to the Integrated Marketing Communication activities of the Halal food businesses namely: packaging, sales promotion, publicity, media advertising, and special events. In this phase, the researchers conducted interviews with open-ended questions to the 6 Halal food business owners. Research findings were as follows: the largest percentages of respondents according to their profile are: males (52%), ages 31-40 (31%), Catholics (78%) and level of income ranging from 9,001 to 12,000 (27%). As per the three factors concerning the Theory of Planned Behavior namely; Attitude, Subjective Norms and Perceived Behavioral Control, respondents have a positive agreement on all with grand means of 2.64 (Agree), 2.54 (Agree) and 2.61(Agree) respectively. In terms of religion, the analysis of variance (ANOVA) had the following values: With the F critical value at 2.15 and F computed value at 1.13; it is shown that there is no significant difference among religious viewpoints when it comes to their Behavioural agreement toward Halal food market. Thus, the researchers found out that regardless of their religion, Non-Muslim consumers agreed to have Halal products on their everyday living. For business owners, they tend to focused on ensuring the Halalnes of their food products. They order to exemplify the expected quality and cleanliness that is within the Halal foods. As to how the Halal food businesses focus their attention more on this aspect, they, however, provide not much attention on their other Integrated Marketing Communications activities, especially on their sales promotion, media advertising, publicity, public relations and special events. The researchers therefore, believe that through educating first the Filipino community and by developing various marketing avenues of different Halal organizations in the Philippines, the Halal industry in the country- with respect to its different aspects- will be far better than what it is today. Keywords: Halal, Filipino Non-Muslim, Halal Food Market, Behavioral Agreement, IMC Activities.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
THE IMPACT OF MULTIMEDIA GRAPHIC AND TEXT WITH AUTISTIC LEARNERS IN READING
Sarah Omar
& Dr. Azman Bidin
Email address: [email protected]
Abstract Autism spectrum disorder (ASD) are refers to a group of developmental disabilities that can cause
significant social, communication and behavioral challenges .(Division of Birth Defects, National
Center on Birth Defects and Developmental Disabilities, 2014) .This causes several characteristics
that subject a child to problems such social communication, difficulty relating to people and
repetitive body movements or behaviors .In the academic setting as well, learners who suffer from
(ASD) encounter various problems. As an instance of academic skill reading, Reading is required
to be learn but not on the way it done in traditional classroom. An intervention which yielded better
results in learning reading skill, Based on (Iman & fouad, 2010) organizing the memory lead to
paying attention to relevant information, Thus this research, attempts to use utilize multimedia
elements, in order to foster children’s social interactive to assess the possibility of assisting autistic
learners improve their reading skills by using graphic and text in multimedia applications. Clark
and Mayer, (2011) Multimedia has been design framework on computer based program simulating
environment during their cognitive processing works using colures, graphic and visual materials
cannot be distract learners attention in other hand lead them to learn better improve paying
attention to the relevant material in their academic learning all these mechanism can be apply by
designing frame work textual. Design user interface (UI) in order to make the application suitable
and usable with their needs will organized the mentally learning process.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
MARKETING STRATEGIES OF MR. MICHAEL S. YANGA TRANSLATED INTO
DYCI HIGH SCHOOL TRANSFORMATION
Jhonnel M. Azarcon, Jhazelle F. Almadin, Sharina B. Salvador, Erica Jane G. Rapal, Ritz Ann R. Manuel & Nerissa M. Jayme [email protected]
Abstract Businesses of different industries always take into consideration their marketing strategies. From
businesses that offer either product, services, or both, they will need to develop effective marketing
strategies for them to survive in the competition. Marketing strategies are therefore just as
important for private schools of the private education industry. Moreover, transforming a business
from a free-falling situation to a gradually growing organization is a tough job. Dr. Yanga‟s
Colleges Inc. (DYCI) High School is a private school in Bocaue, Bulacan which characterized this
transformation. Before 2002, DYCI High School has failing trends of the number of enrollees and
a bad reputation of being the „school of last resort‟. The fact that behind every transformative
management is a transformative marketing person, this marketing research paper discusses the
marketing strategies of Mr. Michael S. Yanga who took over DYCI High School‟s management in
2002. His marketing strategies translated into the transformation of DYCI High School. This
research paper is a qualitative case study and the main informant for the semi-structured
conversational interview is Mr. Michael S. Yanga. The researchers established rigor and
trustworthiness through triangulation, inter-coder reliability, and member-checking. The
researchers analyzed, utilizing Philipp Mayring‟s inductive category development as an approach
to qualitative content analysis, the content of the interview where they found out the marketing
strategies of Mr. Michael S. Yanga to be applicable in the COAT (Conceptualization,
Operationalization, Amplification and Transformation) model as proposed by the researchers to
be a springboard for school transformation. For conceptualization phase where school programs
are being thoughtfully planned for execution, he used customer-centricity, social responsibility,
and Blue Ocean. For operationalization phase where school programs are already being
implemented, he used positive reinforcement, external communications, and attention to details.
For amplification phase where school programs are continuously being improved, he used Kaizen
and Magis. During transformation, the outcomes, external communications and further
amplification are involved. The marketing strategies mentioned are elaborately discussed and
further explained through the help of other data sources online and on-print. The researchers
formulated the COAT model to explain the school transformation that can be achieved through
marketing strategies of Mr. Michael S. Yanga. The transformation that happened to the DYCI High
School is also further objectified by the documentations that provided objective data. The
researchers found out that the number of enrollees are continuously increasing and that there are
many national and international competitions where DYCI High School stood out. In 2012, DYCI
High School has been awarded by Excellence in Educational Transformation Awards (EETA) as
the Most Transformative School. The researchers want the model to be further studied and applied
for businesses where different projects (situationally, school programs) and customers
(situationally, students) are involved.
Keywords: marketing research, marketing strategies, school transformation, business
transformation.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
SELECTING A BUSINESS EXPANSION PROGRAM USING SIMPLE MULTI ATTRIBUTE RATING TECHNIQUE THE
CASE OF TOKO KING
Clarissa Handoko Subianto &
Santi Novani School of Business and Management
Institut Teknologi Bandung, Indonesia [email protected]
Abstract Toko King is a store selling household appliances and furnitures. Currently owned by Handoko Subianto and Tsen Indria Grisanti, Toko King has several branches in Central Java. Since last year,
Toko King Wangon 2 (1st
branch) and Toko King Ajibarang (2 nd
branch) were unable to serve wholesale customer. Based on interview with owner and root-cause analysis, the problem is caused by insufficient store capacity. To overcome the problem, there are 5 (five) alternatives considered i.e. expansion of Toko King Wangon 2, expansion of Toko King Ajibarang, build a new store in Ajibarang, rent a store in Wangon or rent a store in Ajibarang. This study evaluates all alternatives based on pre-determined attributes by using Simple Multi Attribute Rating Technique (SMART). Based on sensitivity analysis, the best alternative is chosen under conditions as follow. If weight of working condition less than or the same as 28, choose rent a store
in Wangon. If weight of working condition is between 28 and 62, choose expand Toko King
Ajibarang. If weight of working condition is 62 or more, choose build a new store in
Ajibarang. Related to this study, in the future Toko King can take more advantages by conducting SMART analysis as feasibility study to evaluate location, vendor and its customer. Keywords: decision analysis, root cause, SMART analysis
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
FINANCIAL FEASIBILITY STUDY, MONTE CARLO SIMULATION, SENSITIVITY ANALYSIS AND RISK
ASSESSMENT OF YELLO HOTEL PROJECT
Dinny Windianti and Subiakto Soekarno School of Business and Management
Institut Teknologi Bandung, Indonesia [email protected]
Abstract Surabaya, capital city of East Java, is a progressive city with rapid development. Equipped with modern facility, the city offers standard of accommodation that can fulfill all of preferences and budget of the visitors. Yello Hotel is one of the recently built accommodations in the center of Surabaya. With the capacity of 170 rooms, Yello Hotel is expected to fulfill the demand of MICE (Meeting, Incentive, Convention and Exhibition) and commercial necessity. This research is conducted in order to determine whether the Yello Hotel project is feasible or not using several approaches; NPV, IRR, and PP. Monte Carlo simulation is performed consequently to comprehend the probability of the project to success. Subsequently, sensitivity analysis is accomplished in order to determine the sensitive variables in this project. The following stage in this research is risk assessment, whereas the risks in the project are identified and mitigated in accordance to the risk appetite of the shareholder. To conclude, The Yello Hotel project is expected to be feasible with the probability of success 75%. Discount rate and occupancy rate are expected to become the sensitive variables in this research. Keywords: Feasibility-Study; NPV; IRR; Payback-Period; Sensitivity Analysis; Monte Carlo Simulation; Risk Management.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
RELATIONSHIPS BETWEEN SHAREHOLDERS STRUCTURES AND ACCOUNTING PROFITABILITY OF LISTED COMPANIES
IN THE STOCK EXCHANGE OF THAILAND
Pimook Janngam &
Kanitsorn Terdpaopong Rangsit University, Thailand
[email protected] [email protected]
Abstract The objectives of this paper are to study the relationship of shareholder structures and an ability of accounting profitability of companies that listed in the Stock Exchange of Thailand (SET). The study employed an empirical study using samples listed on the SET in 2013. There is a sample of 365 listed companies in any business field except those of Finance, Mutual Fund and companies under rehabilitation. We analyze using relationships, one-way ANOVA and regression analysis to investigate their relationship. The key elements of our study are the concentrated ownership refers to the characteristics of the ownership that owns by individual investors and large-block shareholders within a firm and earning quality determined by profitability rations such as equity ratio, asset turnover, profit margin and Profitability ratios used in this study are affected by
other variables such as business size, business type, auditing firm being used. Those factors are then
used as control variables in this study. We found that concentrated ownership is negatively and
significantly affect the equity ratio and asset turnover ratio but not on margin ratio a this type of
shareholder structure is one of the key affects profitability of a company and can be used as primary
data for investment decision making. Keywords: concentrated ownership, shareholder structure, earning quality, Stock Exchange of Thailand, profitability ratios
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
VALUATION OF OIL AND GAS INDUSTRY
Diana Kulibayeva
Abstract This article helps to understand valuation in the global oil and gas industry. It gives a general
overview of the oil and gas industry, focusing on the recent developments. The oil and gas industry plays a very important role in the world economy. Nearly 60% of the global population depends on
oil and gas for its daily energy requirements. Even on business side, oil and gas fuel the global
commerce. Oil and gas companies are classified on the basis of their operation in the value chain –upstream, midstream and downstream. Valuation methodology is based on whether a company
operates in the upstream, midstream or downstream. Certain companies operate in more than one
segment and for such companies the valuation methodology is a consolidation of two or more methods. The three main valuation approaches are the income approach, the asset approach, and
the market approach. Generally, analysts use more than one methodology to ensure more accurate results. This article gives a brief explanation of the key metrics such as EBITDA, EBIT etc. that are
used in valuation. It also refers to the theoretical framework on the accuracy of various valuation
methods. Some other points highlighted in this article are industry challenges for valuation, revenue projections in the oil and gas industry, risks involved and mitigation of the same. The article
concludes with suggestions on the ways in which oil and gas companies can be successful in the
long run amidst difficult business landscape.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
THE BIGOTRY VIS-À-VIS CEBUANO ETHNIC FILIPINOS AND THE CEBUANO SOCIETY
Alexander Franco A. Delantar
Joseph C. Bragat &
Joan P. Tanino [email protected]
[email protected] [email protected]
Cebu Institute of Technology –University, Philippines
Abstract The purposes of this study are: First, to determine whether prejudices and exist between Cebuano
ethnic Filipinos and the Cebuano society; and Second, if an ethnic Filipino group will emerge, what
are the prevalent prejudices and biases of the group with the highest number or incidence of bigotry
issues. The survey method was used. One set of questionnaire was administered to the Cebuano
ethnic Filipinos and another was administered to mainstream Cebuanos. The results were validated
by in-depth interviews. The study discovered that prejudices and bigotries exist vis-à-vis the ethnic
Filipino-Chinese and the Cebuano society. The ethnic Filipino-Chinese emerged as the group with
the highest prejudice and bigotry issues. The bigotry issues identified, among others, were: Filipino-
Chinese parents prefer Chinese as husbands or wives for their children, Filipino-Chinese employers
give the better jobs and positions to Filipino-Chinese employees, Filipino-Chinese prefer to speak
with each other in Chinese in front of Cebuanos, Filipino-Chinese businessmen give discounts or
bigger discounts to fellow Filipino-Chinese, and Filipino-Chinese consider indigenous Filipinos as
lazy. There were also bias issues in the opposite direction, i.e. from mainstream Cebuanos and
directed against ethnic Filipino-Chinese, though not as much. It was also discovered that that the
bias issues were strongest among informants in the forty years old and above bracket, and
considerably lesser in the below forty years old. It is recommended that more venues and avenues
for stronger interactions between ethnic Filipino-Chinese be encouraged to hasten integration of
the Filipino-Chinese to the mainstream Cebuano community. Keywords: Ethnic Filipinos, Filipino-Chinese, prejudice, bigotry, discrimination, biases, Cebu, Cebuano, Philippines.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
THE RELATIONSHIP BETWEEN CREDIT DEFAULT SWAP SPREADS AND CREDIT RATING ANNOUNCEMENT: AN EMPIRICAL EVIDENCE FROM SAUDI STOCK MARKET
Sara Khalid Al-Zahrani & Tahar TAYACHI
Effat University [email protected] [email protected]
Abstract A credit default swap (CDS) is a contract that transfers capability of the credit default risk of a reference entity (sovereign or corporate) borrower among investors. The CDS spread reflects the credit risk of the underlying reference entity. This paper empirically analyzes the relationship between CDS spreads and credit rating announcement made by Moody‟s, S&P and Fitch to test informational efficiency content in the Saudi market for the period 2004 –2015. To explore this relationship we use event study methods and a window of (-30, +30) of sovereign Saudi 5Y CDS and corporate CDS for 3 different sectors. The analysis using daily data obtained from Bloomberg over the period 2004 to 2015 and covers TASI, STC, SABIC and Al-Riyad Bank 5Y CDS contract by applying event study methods. Our results show a strong relationship between credit events and CDS spreads. Keywords: Credit Default swap (CDS), Credit rating, Event study, Credit risk, Counterpart risk.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
ENERGY PRICES, SAUDI STOCK MARKET, AND RISK MANAGEMENT: THE EMPIRICAL STUDY OF THE DYNAMIC
RELATIONSHIP
Nouf Ali AL-Zoghiby &
Tahar TAYACHI Effat university
[email protected] [email protected]
Abstract This study aims, first to analyze the relationship between energy price changes and Saudi stock market. And, second to assess the contribution of energy assets in portfolio risk management. Using daily data for the period starting from 2004 to 2014, we apply vector error correction model (VECM), variance decomposition (VDCs), and impulse response functions (IRFs) to explore short-term and long-term relationship between energy price changes and Saudi stock market. In order to assess portfolio risk management, value-at-risk techniques are used to estimate the contribution of energy assets and gold as safety asset in reducing financial risk. Our results are valuable for investors and policymakers and can help in understanding the dynamic relationship in energy prices and stock markets and the benefits of adding energy assets to portfolio of financial assets. Keywords: Risk management, dynamic relationship, energy prices, stock market.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
A STUDY TO ASSESS THE EFFECTIVENESS OF
STRUCTURED COPING STRATEGIES INTERVENTION ON COPING, SOCIAL SUPPORT AND QUALITY OF LIFE OF
PEOPLE LIVING WITH HIV
Khakha D C,Kapoor B,Nyamathi AN
Abstract Aim of the study: To assess the effectiveness of Structured coping strategies intervention on coping, social support and quality of life. Tools and Methods: A pre-experimental –one group pre-test post-test time series design was used
in the study. The sample comprised of PLWHA who were sero positive for last six months.. A focus
group discussion was conducted to assess the learning needs and extensive review was done for
making the intervention. The content validity was done by 12 experts. The tools identified to assess
the coping, social support and quality of life were BREF COPE, MOS Social support survey and
WHOQOL- HIV BREF respectively. The permission was taken from the authors of the tools. The
ethical permission was taken from the centre. Consent was taken prior to the study. PLWHA were
recruited for the study who met the inclusion criteria and were enrolled in the ART clinic of All
India Institute of Medical Sciences. PLWHA were 200 who met the inclusion criteria were enrolled
.The baseline coping, social support and quality of life was assessed. The intervention was
administered on one to one basis. The post test-1 (after one month) and post test 2 (after three
months) was taken ,and tools for assessing coping, social support and quality of life were
administered respectively. Data was analyzed using STATA
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
POPULATION DYNAMICS AND DEVELOPMENT IN NORTH
DARFUR STATE: FROM EMERGENCY TO SUSTAINABLE DEVELOPMENT
Abdallah I A Yagub (PhD)
& Khondlo Mtshali (PhD)
University of KwaZulu-Natal, South Africa. Email [email protected]
Email: [email protected]
Abstract Conflict in Sudan‟s Darfur Region started population influx to cities putting pressure on limited urban services. El Fasher City, the capital of North Darfur State has grown by 200% to be among the largest city in Sudan since 2003. This paper examines the critical issues related to urbanization, land tenure and the rights of Internally Displaced Persons (IDPs) to return to their villages, resettle or integrate into the city, as well as the status of the provision of services. Drawing on secondary data such as government documents and international organizations as well as primary data obtained through interviews with IDPs, government and international organizations representatives. The paper argues that the government faces challenges in providing services to the IDPs. International organizations provide 70% of services such as health care, education facilities, water pumps and sanitation services. 80% of IDPs refused to return to their villages due to lack of security and services, advocating for government to resettle them around El Fasher City where they are, because of urban services and potential income-generating opportunities. Many government officials on the other hand argue that the IDPs must return to their villages. This paper propounds that the existing urbanisation policies lack a vision of site and services “The international application organizations have played a positive role in providing services to the IDPs. The challenge is how to resettle the IDPs around El Fasher City and integrate them into society in a way that promotes sustainable development and establishing improved livelihood. Keywords: Population Dynamic, Urbanisation, Sustainable Development, Services Provision, North Darfur State, Sudan.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia BRICS COUNTRIES: GREEN AND SUSTAINABLE ECONOMIES
“Extract Nature for need not for greed; save it for future Generations”
Dr Saroj Rani Ms Jyotsna
& Ms Artika Vats
Abstract Nature offers all resources (land, labour, capital) Man extracts nature for his survival but it leads
to human destruction when it is extracted for greed. The BRICS Block of countries consists of Brazil,
Russia, India, China and South Africa. Green Economics is defined as the one whose growth in income and employment is driven by public and private investments that reduce carbon emission
and pollution, enhance energy and resource efficiency, and prevent the loss of biodiversity and
ecosystem service. It helps in reducing environmental risks and ecological scarcities, and that aims for sustainable development. The BRICS countries are working on clean, green and sustainable
economies aggressively. Sustainable development is a development that meets the needs of the present without compromising the ability of future generations to meet their demand. Resources like
energy, water and environment are more vulnerable to destruction. All economies do stress on green
economics. This paper highlights the issues of green economics and sustainability as an opportunity and challenging of BRICS countries. This paper assesses the growing power and capacity building
to resolve impending problems. It is a known fact that some of BRICS countries are, indeed,
becoming driving forces in the renewable energy and sustainability sectors. This paper also analyses the policies, rules and regulations to be taken into consideration by individual country as
well as in block for green and sustainable economics. This paper argues that through green economics and sustainable development resources can be utilised efficiently and made friendly
environmental. Key terms: sustainable, ecological, resources, energy etc.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
OIL PRICES DYNAMIC EFFECT ON THE ECONOMY: AN IMPULSE RESPONSE FUNCTIONS ANALYSIS OF OIL
PRICES EFFECT ON SPECIFIC ELEMENTS OF THE SAUDI ECONOMY
Samar Abbaq
& Shabbir Ahmed, PhD
Effate University, Jeddah, KSA [email protected] [email protected]
Abstract Oil is one of the most important factors that affect the economy of Saudi Arabia. Previous studies showed that oil prices can affect the growth of the economy especially in oil exporting countries. As oil represents approximately 90% of the exports, and almost 75% of government revenues (International Business Publications, 2008), and with the recent prices decline, the study of the dynamic effect of oil prices volatility is of great importance. This study aims to investigate the dynamic effect between oil prices Variations and Saudi
Stock Market, Gross Domestic Production “GDP”, Real Exchange Rate, and Inflation. The study uses monthly data starting from January 1994 to September 2014. The Granger causality test, variance decompositions test, and impulse response functions model will be applied. The “ADF” & “PP” tests are to assess the stationary. The Granger Causality test is to evaluate the
direction of causality. The VDC is to test if the data are exogenous. The Impulse Response Function
Model analysis (IRFs) will be used to give us a certain measure or figure of the force for several
periods in the future. The predictable impulse response of the VAR system allows investigation into
how the variables respond to innovations from other variables in the system. Our findings shows that the causality moves from oil prices to the variables of interest, and Oil prices fluctuations has a positive impact on the variables of interest in the Saudi economy. This paper improves the understanding of the interaction between oil prices and the economy. Keywords: Oil Prices Fluctuations, Granger Causality-VDC-IRF, Saudi Economy Variables: GDP-Stock Market-Inflation- Real Exchange Rate-Inflation.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
ANALYSIS OF OPERATING COSTS FOR PRODUCING PALM BIODIESEL AT PILOT-SCALE IN COLOMBIA
Juan C. Acevedo, Jorge A. Hernández, Carlos F. Valdés, Samir K.
Khanal
Abstract Climate change, variation in oil prices, declining fossil fuel reserves and the environmental consequences that originate from their widespread use have encouraged society to consider other energy sources to supply global energy demands. Specifically, renewable energy has been shown as a viable alternative to mitigate this problem; however, this type of energy currently supplies only 13.3% of total global energy consumption (International Energy Agency [IEA], 2011).
Keywords: Biodiesel; Palm oil; Economic assessment; Plant capacity; Transesterification
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia URBAN DEVELOPMENT BACKED BY CLEAN DEVELOPMENT MECHANISM: EVOLVING A GREEN FINANCIAL STRATEGY
FOR INDIAN CITIES
Dr. Ehtesham Husain Abbasi &
Dr Mohd Adil Dept of Business Administration, Aligarh Muslim University Centre,
Malappuram, Kerala, India [email protected],
Abstract Growth and development is a continuous process. In search of new opportunities migration is taking place in Indian Cities at the speed of exodus and the reason behind it is economic demonstration effect. Addressing the issues of urban development is need of the hour. Countries even behind India in economic development like Bhutan Myanmar have achieved remarkable growth in city development and those countries are far ahead in comparison with India‟s ec unexpected development in urbanization. Issues like waste management are one of the areas which still challenge India‟s tall economic growth claims. If waste management issues of are addressed in a proactive manner then they become a kind of opportunity for India. One of the ways to transform these problems into opportunity is clean development mechanism, through which the Indian Cities can earn lots of carbon credits in International Financial Market. It can be a win-win situation for Indian Cities.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
DRIVER BEHAVIOUR PATTERNS OF HIGHWAY USERS IN MALAYSIA
Mohd Nasir Nawawi
Nik Hashim Bin Nik Mustapha &
RidzuanYacob Universiti Malaysia Terengganu, Malaysia
Abstract Reckless drivers have been identified as being the main contributor to road accidents. Malaysia is no exceptance with the rate of road accidents increasing by 61% while the death rate due to these
accidents were up by 17% from the period 2002 to 2011. Despite the various preventive steps that had been taken, the statistics relating to road accidents continue to rise. This study is conducted with the objective of identifying the driver behaviour patterns of highway users in the Kelang Valley; using the Manchester Driver Behaviour Questionnaire (MDBQ) with non-parametric analysis. The
result of the study shows that 23% of the drivers were inclined towards aggressive violations and 11% of the drivers had the intention to break the rules (ordinary violations). Both groups of driving practices are dangerous to the other road user. Additional analysis revealed that the attitudes were seen to be significantly linked to the sex, level of education, and age of the drivers. Although the
percentage of drivers involved in aggressive and ordinary violations were relatively small but they are akin to a ticking time bomb; as they are daily highway users both in the course of their work and social activities. Keywords: Driver Behaviour Questionnaire, highway user and driving behaviour patterns.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
THE LEARNER’S IDENTITY IN EDUCATION
Dr. Kimberly Anne Brooks-Lewis Fatih University
Department of English Language Teaching E-mail: [email protected]
Abstract The discussion of what identity is, a central issue in postmodern discussions, has progressed to the level of „identity the social sciences has become ever more interdisciplinary, this concept has come to be recognized as an essential factor in theory, but how much has the inclusion of the
learners in education been accommodated in identity practice? In a study done in English as a Foreign Language (EFL) classes at two universities in Mexico the importance to the learners of the recognition of their identity in an intercultural approach to teaching was brought out vividly in the results. The purpose of the qualitative research was to learn about learners‟ perceptions EFL teaching, and while many aspects of research were reported, the factor of the recognition of their
individual identity in the teaching process was indicated as being highly relevant. To begin the discussion, in this paper we will look into how identity is being defined, how the inclusion of the learner the research, and finally, from the results of the research, how this was seen by learners to relate to their learning experience.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
MARKETING STRATEGIES THAT INFLUENCE STUDENT CHOICE OF COLLEGE SCHOOL: OUTPUT FOR AN
EFFECTIVE MARKETING PLAN Dela Cruz, Marc Edison Divino, Faith Joy Nicolas, Nerilyn Sarangaya
& Jacquelyn Bocaue, Bulacan. [email protected]
Abstract All organizations develop various types of marketing strategies to attract prospective students. Such role enhances the ability of the school to establish close and collaborative relationships with current
students also termed as higher retention, as well as with prospective students also known as better recruitment With these statement, the researchers aim to identify the marketing strategies that influence student choice of college school and consequently propose an effective marketing plan. Descriptive-Comparative design was utilized in this study. Through the aid of cluster sampling, the total respondents were 300 graduating high school students from public school and 300 from private
schools in Bocaue, Bulacan. A self-made instrument was used and it was subjected to content validation by the Dean of the college and the adviser of the researchers. Moreover, the instrument obtained a Cronbachs Alpha coefficient value of 0.98 with a standard deviation of 31.86 for its internal consistency. Based on the findings of the study, there is no significant difference in the
factors influencing the college school choice between graduating high school students from ‘public and private’ schools. In addition, the marketing strategies under the Physical Evidences are considered the most influential in the student s preference in choosing a college school. .After gathering all the necessary data and analysis concerning the marketing strategies that influence
student choice of college school, the researchers proposed an effective marketing plan that will serve as a guide and foundation of any higher educational institution to increase enrolment, retain students and achieve its goals.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
COST OF FINISHING VS. CONSTRUCTION
(International rates with refer to local cases in Saudi Arabia)
Basel Sultan &
Ihab Katar Prince Sultan Univ.
Riyadh, Saudi Arabia [email protected]
Abstract Most basic factors, which affect negatively success of any construction project, are economy and quality. Only performing keen technical work through the tasks within the project is not enough to lead the project to a real success unless the economic dimension was achieved properly. Regarding international records, relationship between work costs of finishing to building construction, are
around (2.8:1), whereas the corresponding costs ratios within the Middle East are around (1:1). Negative effects of the low ratio, could be either due to the high cost of basic construction & structural works, or to the low budget of the low quality finishing works. This paper seeks to find the main factors that affect negatively the building construction industry in the Middle East, using
the local market in Saudi Arabia as a case study. Possible solutions will be highlighted, in order to fix this problematic issue, on the way to maintain the international rates and standards in this field, and introduce high-quality production in the field of building construction. Keywords: Finishing cost, Construction cost, Saudi Arabia
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
CORPORATE DEFAULT PREDICTION MODELS FOR RISK MANAGEMENT DECISION
Ali Akbar Rafatnia
Faculty of Management, Universiti Teknologi Malaysia, Johor Bahru,81300, Malaysia
Email: [email protected]
Abstract From initial developments (Beaver, 1966; Altman, 1968), the interest of experts, academics and others regarding models of bankruptcy prediction, has intensified, also in the light of the recent global economic-financial crisis. To date research in this field has mainly concentrated on the development of an instrument that has a higher level of reliability. This study aims at formulating some initial thoughts on diagnostic accuracy and the economic organizational sustainability of prediction instruments. Specifically, this research aims at identifying the parameters aimed at assessing the degree of effectiveness and efficiency of insolvency prediction models, developed in literature or professional practice, through the perspective of the end user. Precisely, this research aims at answering two main questions: 1. Which parameters must be examined in order to assess the effectiveness of insolvency prediction models? 2. Which parameters must be examined to assess the efficiency of insolvency prediction models?
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
EFFECTIVE ESL TEACHERS' CHARACTERISTICS AS PERCEIVED BY ABC HIGHER SECONDARY SCHOOL
STUDENTS IN BHUTAN
Chencho Wangchuk Faculty of Liberal Arts, Mahidol University
Abstract Effective teacher characteristics was reported as one factor that affected learners the most.
However, perceptions of effective teacher characteristics varied greatly from context to context.
And little is known about it being studied in an English as a Second Language context so far.
Moreover, no research has explored the characteristics of effective ESL teachers in Bhutan despite
using English as the main medium of instruction. Thus, this study investigated the Bhutanese
students' conceptualization of effective ESL teacher characteristics. Adapting the survey
questionnaire from Barnes and Lock (2013), the researcher administered it to 185 ESL learners
studying at ABC higher secondary school. Also, six students were interviewed, and their responses
recorded to elicit deeper understanding of effective ESL teacher characteristics. The quantitative
findings revealed that the respondents placed high importance to all general categories. But mean
score comparisons between the five categories showed rapport between teachers and students as
the most important characteristic of an effective ESL teacher characteristic followed by fairness,
and organization and preparation. Ratings against each item further gave deeper insights into the
choice of importance placed on attributes under each category. From the semi-structured interview,
the respondents remarked personal qualities such as patience, humour, helpfulness, frankness,
open-mindedness, interest, rapport, and willingness to learn from students as the best qualities of
their ESL teachers. Other two prominent qualities that emerged from the interview data were
teachers' pedagogical knowledge, and professional qualities. These findings are expected to help
ESL teachers grow personally, socially, and professionally. Keywords: Teacher characteristics, ESL teachers, and students' perceptions.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
THE REALITY OF EXERCISING THE LEADERSHIP CHANGE
BY THE HEADS OF ADMINISTRATIVE DEPARTMENTS AT THE
UNIVERSITY OF SALMAN BIN ABDUL AZIZ
Aminah Hamad ALDamk Scientific Researcher at Prince Sattam Bin Abdul-Aziz University
Kingdom of Saudi Arabia [email protected]
Abstract This study aimed to identify the reality of practicing the change leadership by the heads of administrative departments at the University of Salman Bin Abdul Aziz, in every dimension of leadership change. As well as detecting whether there are statistically significant differences between the answers of the members of the study, attributable to the following: (Qualification - Years of Experience - the number of courses). The study included all the heads and vise-deputies of the administrative departments at the
University of Salman bin Abdul-Aziz, and their number is (13), which represents 100% of the original community of the study. To achieve the objectives of the study the researcher relied on the descriptive analytical approach, and she has prepared a "questionnaire" included (25) statements which is distributed on three key dimensions of leadership change: 1- The development of good human relations, included (9) statements. 2- Team building for change and the development of the individuals capacities, included (9) statements. 3- Motivation towards achieving the objectives of the change, included (7) statements. The researcher used the following statistical methods to analyze the results: (arithmetic mean, standard deviation, frequencies, and percentages), to describe the community and the study sample, and calculate the distribution of responses. And equation (Cronbach's alpha) to measure the stability of the tool. Testing the tool sincerity using (Pearson correlation.) and testing (One way ANOVA) to see whether there are differences of statistical significance between the responses of heads of departments, according to the study variables. The Results of study: 1- The heads of administrative departments at the University of Salman bin Abdul Aziz See that they engage in the leadership change in dimension to "build a team change and the development of the capacities of individuals" (too high), as the value of the arithmetic average of the responses in this dimension (4.33).Which means the support of all leaders to the subject of study because of the importance of the role of team change and develop the capacity of its members. 2- The heads of administrative departments at the University of Salman bin Abdul Aziz See that they engage in the leadership change in dimension of the "development of good human relations" with a degree (high), as the value of the arithmetic average of the responses in this dimension (4.12). Which means interest in the development of good human relations between workers with them in general. 3- The heads of administrative departments at the University of Salman bin Abdul Aziz See that they engage in driving the leadership change in dimension of the "stimulus towards achieving the
objectives of change" with a degree (high), as the value of the arithmetic average of the responses in this dimension (4.00). Which means believe in the role of stimulus as a mean to achieve the objectives of the change. 4- Results of the study showed that there were no statistically significant differences at (0.05 level) between the arithmetic averages of estimates of the community members answers attributed to the study variables: (Qualification, years of experience, the number of courses).
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
AFRICAN DEVELOPMENT: A CRITICAL REVIEW
Muhammad Reza Suleiman Ahmadu Bello University, Zaria, Nigeria
Abstract This paper looks at how African countries have been dribbled by the two ideological blocs-capitalist and socialist – all in search for ideal path to development. Their dissatisfaction with these two contending and often conflicting politico-economic prescriptions (path of capitalism and path of socialism) for development led scholars, intellectuals, leaders and policymakers, and analysts in the Third world, which Africa constitutes a part, to come up with the idea of delinking from the international capitalist system. Essentially, delinking here means breaking away or removing this group of countries from the imbalanced international capitalist system in order to develop. Various approaches of development are discussed. The paper discusses also ways through which African states are exploited and how these states react to this unequal relationship. The paper, then, visits the various strands of arguments for delinking. The findings reveal that African states need not delink, but remain within, and adjust to, the global capitalist system just like South Korea, India and Brazil. Secondly, African leadership has a very important role in Africa’s development and otherwise. Finally, ideology and language also plays vital role in this same respect.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
CONSTRAINTS OF NIGERIA’S MIDDLE POWER ROLE IN GLOBAL AFFAIRS
Muhammad Reza Suleiman
Ahmadu Bello University, Zaria, Nigeria [email protected]
Abstract Nigerian and foreign diplomats, academics and analyst hold that Nigeria is a catalyst in world
politics, especially in relation to Africa, the Black World and the world south. The country‟s grab
of West African community, its consummate role in the pan-African affairs since the days of the
OAU, and its role in the global arena, especially the United Nations Organization, are the
credentials which inform such view that Nigeria is a global middle power. Further still, the size of
Nigeria‟s economy, the size of its military force, population and its geo-strategic location on the
continent are the constituents which make the country a power in Africa and a player in global
circles. These constituents capture the spirit and credentials of a country becoming a leader in the
international community. However, Nigeria‟s domestic realities portray a bleak image of a country
competing in global and regional leadership. Using documentary and historical approach, this
paper’s findings show that bad governance, corruption, political instability, insecurity, domestic
socioeconomic facts (poverty, diseases, and unemployment, food insecurity), and, a wobbling
economy have weakened and constrained Nigeria‟s role in Africa and her image around the world.
Finally, the quality of Nigeria’s political leadership and competence of her diplomatic corps to a
large extent can boost Nigeria’ s role in Africa and global affairs.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
PSYCHOLOGICAL OWNERSHIP ORGANIZATIONAL DIMENSIONS
Mohammad Hassan Hassani, Ph.D
Research Institute for Educational Research [email protected]
Abstract To improve the efficiency and effectiveness of the organization, psychological ownership can be
seen as an integral part of employee participation and communication. In this study has been
attempted by using the library study and using the principles of organizational behavior,
psychological ownership is introduced as a factor in the sustained participation and expression it
considers the institutional approach. The effect of Psychological ownership on the organization has
been studied theoretically in two dimensions. In the structural dimension led to Granting legal of
property rights. It is based on the legal responsibility of the employee to whom it is granted. In the
dimension of the processes the facilitate the process of change. Normally, psychological ownership
terms derived from the concepts associated with theories of in organizational behavior such as
organizational commitment, organizational identification, and internalization but conceptual in
nature, and type of incentives used varies. How to Application of psychological ownership depends
on the ability of managers to reinforce the potential characteristics of psychological ownership in
organizations.
Keywords: psychological ownership, institutional Approach, participate, Institutional dimensions of psychological ownership
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
FINANCIAL FEASIBILITY STUDY, MONTE CARLO SIMULATION, SENSITIVITY
ANALYSIS AND RISK ASSESSMENT OF YELLO HOTEL PROJECT
Dinny Windianti and Subiakto Soekarno School of Business and Management
Institut Teknologi Bandung, Indonesia [email protected]
Abstract Surabaya, capital city of East Java, is a progressive city with rapid development. Equipped with modern facility, the city offers standard of accommodation that can fulfill all of preferences and budget of the visitors. Yello Hotel is one of the recently built accommodations in the center of Surabaya. With the capacity of 170 rooms, Yello Hotel is expected to fulfill the demand of MICE (Meeting, Incentive, Convention and Exhibition) and commercial necessity. This research is conducted in order to determine whether the Yello Hotel project is feasible or not using several approaches; NPV, IRR, and PP. Monte Carlo simulation is performed consequently to comprehend the probability of the project to success. Subsequently, sensitivity analysis is accomplished in order to determine the sensitive variables in this project. The following stage in this research is risk assessment, whereas the risks in the project are identified and mitigated in accordance to the risk appetite of the shareholder. To conclude, The Yello Hotel project is expected to be feasible with the probability of success 75%. Discount rate and occupancy rate are expected to become the sensitive variables in this research. Keywords: Feasibility-Study; NPV; IRR; Payback-Period; Sensitivity Analysis; Monte Carlo Simulation; Risk Management
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
INVESTIGATING THE MEDIATING ROLE OF BRAND IMAGE ABOUT THE EFFECT
OF SUCCESSFUL CUSTOMERS RELATIONSHIP ON BRAND LOYALTY AND BRAND EQUITY (CASE STUDY: NAFT HOSPITAL IN IRAN)
Isaac Hosseinvand
Abstract This study aims to investigate the mediating role of brand image about the effect of successful customers‟-based brand relation loyalty and brand equity and it has been implemented as a case study on Ahvaz Naft Hospital in Iran. This study is an applied one and of cross-sectional survey type based on structural equations. This research is quantitative survey design. A total of 650
patients participated and 412 patients completed the survey, included 46 questionnaire items related to these four constructs. Correlation analysis was done on the data gathered from the questionnaire based on 95% of confidence level. Data analysis was implemented using SPSS and AMOS software. Findings of the study indicate that successful customers‟ relat effect on brand image, brand loyalty,
and brand equity. Brand image has a positive significant effect on brand loyalty and brand equity. Brand loyalty has a positive significant effect on brand equity. The mediating role of brand image about the relationship effect of on brand loyalty and brand equity was rejected. Finally, limitations and the directions of future research are provided. Keywords: successful customers’ relationship loyalty, brand equity
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
THE MEDIATING EFFECT OF SUPPLY CHAIN AGILITY ON THE RELATIONSHIP
BETWEEN SCOR BUSINESS ANALYTIC SOLUTION AND SUPPLY CHAIN
PERFORMANCE
Seyed Mahdi Hosseini Nasab Astaneh PhD candidate Management
Faculty of Management University Technology Malaysia
Email: [email protected]
Abstract At the global competition in the modern era, have different products to suit customer requirements contracts made available to them. As a result, companies can no longer afford to do all alone. In a competitive market, the enterprises and productive addition to the organization and the internal resources, required to manage and monitor resources and associated elements outside the organization. So today is the implementation of supply chain management as one of the foundations of e-business infrastructure around the world. This study with supply chain operation reference (SCOR) model investigated effect of supply chain agility and relationship between business analytic and supply chain performance.
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
THE RELATIONSHIP BETWEEN DEFERRED INCOME TAX WITH THE MARKET VALUE OF SECURITIES AND THE PROFITABILITY OF COMPANIES LISTED ON
THAILAND MARKET FOR ALTERNATIVE INVESTMENT
Paitoon Kobkanjanapued &
Phatnatcha Chotkunakitti Rangsit University, Paholyothin Road, Pathumthani Thailand
[email protected] [email protected]
Abstract The objective of this research study is to study the relationship of deferred income tax and market value of securities and the profitability of companies listed on Market for Alternative Investment
(MAI), Thailand. Information used in this study is collected from 2013 annual reports which include
deferred tax asset, deferred tax liability, gross profit margin ratio, operating profit margin ratio, net profit margin ratio, return on assets, return on equity and market value; and used as variables
in this study. The samples of 79 companies are collected. With analyses of Pearson correlation, and multiple regressions at the 95 per cent confident interval, our conclusion is drawn. From our result,
we found that deferred tax asset has a positive but low correlation to gross profit margin ratio with
a 0.284 correlation coefficient. While other profitability ratios has zero correlations with deferred tax asset, deferred tax liability, furthermore, we also found that deferred income tax has zero
correlations to market value of securities of those sample firms listed in MAI. In conclusion, the
result gives us an assurance that deferred income tax has little to no correlation to profitability rations and no correlation to market value of the securities in the MAI companies.
Keywords: deferred income tax, deferred tax asset, deferred tax liability, market value, profitability ratios, Market for Alternative Investment
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
THE RELATIONSHIP BETWEEN CASH FLOW AND PROFITABILITY ON THE STOCK MARKET PRICE OF THE
LISTED COMPANIES ON THAILAND MARKET FOR ALTERNATIVE INVESTMENT GROUP
Pranyada Sathapanaratk
& Prayoon Tosanguan
Rangsit University, Paholyothin Road, Pathumthani 12000 Thailand Email address: [email protected]
Email address: [email protected]
Abstract The objective of this research is to study relationship of cash flow and profitability on the stock market price of companies listed on Market for Alternative Investment (MAI), Thailand. Data used in this study is derived from annual reports and financials database disclose during 201J1 – 2013; comprising of 66 companies; 198 firm-year observation. Ratios used in the study are cash flow from operating, financing and investing activities, net profit margin ratio, return on asset ratio, return on equity ratio, and market price of the companies listed on MAI. With descriptive statistics, correlation analysis and multiple regression analysis at a 95 per cent confident interval, we found that cash flow from operating activity and free cash flow have a significant linear correlation with market price of the securities, while cash flow and other financial rations illustrate zero correlation to market price. It can be concluded that information on cash flow especially on operating activity and free cash flow are important to management and investors for decision making. The conclusion drawn from this study can be used for economic decision making with accuracy and disciplinary. Keywords: cash flow, free cash flow, profitability, market price, Market for Alternative Investment, decision making
Book of Proceedings
27-28 May, 2015
Kuala Lumpur, Malaysia
FACTORS INFLUENCING STUDENTS’ LEARNING ACHIEVEMENT ON FINANCIAL ACCOUNTING SUBJECT: A CAST STUDY OF NON-MAJOR ACCOUNTING STUDENTS OF
RANGSIT UNIVERSITY, THAILAND
Komsan Inta Faculty of Accountancy, Rangsit University,
Paholyothin Road, Pathumthani, Thailand Email: [email protected]
Abstract The purpose of this study is to investigate the factors that influence the student’s achievement on financial accounting subject of the Faculty of accountancy, Rangsit University, Thailand. This study uses questionnaire as a means to collect data from non-major accounting students. Time period in data collection was after completing the course on December 2014. The questionnaire
surveys were collected from students who registered in financial accounting course. The complete questionnaire 289 was received and used in this study employed two steps of analysis. Firstly, exploratory factor analysis was used to evaluate 34 variables. In this step, the result shows that 34 variables were classified into nine factors namely: 1) the preparation before classes 2) the attention
of the instructor 3) the attitude toward the course 4) the lack of attention to class 5) the intention to study 6) the attitude toward the instructor 7) the pattern of examination 8) the lessons revision after classes and 9) the attitude of the students toward themselves. Secondly, multiple regression analysis was employed to test the correlation between factor 1-9 and the students‟ achiev result points that
4 factors have posi achievement which consists of factor 2 (the attention of the instructor),factor 5 (the intention to study), factor 8 (the lessons revision after classes), and factor 9 (the attitude of the students toward themselves), while, factor 4 (the lack of attention to class) has negatively effect to the students‟ achievement. Interestingly, pr factors have zero correlations to the students‟ achievement. Keywords: learning achievement, attention, attitude, instructor, examination