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ABSTRACT BOOK
GLOBAL CONFERENCE ON ECONOMICS AND
MANAGEMENT SCIENCES 2015
(GEMS 2015)
"Economics and Management Science in Community Sustainability"
Bayview Beach Resort Penang Hotel, Malaysia
12 & 13 October 2015
e-ISBN: 978-967-0792-05-7
The Secretariat would like to express their heartfelt appreciation for the contributions made by
the authors, co-authors, reviewers and all who involved in this conference.
Organized and Published by
WorldConferences.net
Koperasi KOKISDAR
Kolej Universiti Islam Antarabangsa Selangor
Bandar Seri Putra, 43600 Kajang, Selangor, MALAYSIA
E-mail: [email protected]
Phone: +6017-3531051
Copyright © 2015 WorldConferences.net
All rights reserved. No part of this publication may be reproduced in any form or any means
without prior permission from the copyright holder.
All articles in this proceeding are openly accessible at WorldConferences.net
ABOUT
The GLOBAL CONFERENCE ON ECONOMICS AND MANAGEMENT SCIENCES 2015 (GEMS 2015)
focuses on the complex interconnection between economics and management sciencet. This
conference provides a platform for researchers, academicians and students to present, debate
and exchange ideas on issues relevant to the conferences focus. GEMS 2015 - undeniably - is
also an opportunity for researchers and enthusiasts to build and expand network with their
fellow counterparts!
GEMS 2015 was planned with the following objectives in mind:
1. To provide a platform for researchers, academicians and students to share and exchange
ideas on economics and management science.
2. To advance the scholarship in the studies on the roles of economics and management
science in community development and sustainability.
The focus will be on the connection between management science and community
development. The secretariat invites theoretical and empirical papers, case studies and
conceptual frameworks - in English or Malay - which address the conferences sub-themes:
1.Cooperative economics and development
2.Human capital management
3.Accounting
4.Economics
5.Halal industry
6.E-Commerce
7.Business Studies
8.Entrepreneurship
9.Business and commercial laws
10.Strategic management
11.Actuarial science
12.Insurance and Takaful
13.Marketing
14.Intellectual property management
15.Branding
16.Leadership and governance
17.Sustainable development
18.Crisis and disaster management
20.9.Market equity Banking
21.Capital resources and finance
22.Corporate social responsibility
management
23.Management policies and practices
24.Training
25.Sports industry
26.Tourism and hospitality industries
27.Cottage industry
28.Small-and-medium enterprise (SME)
29.Shariah compliance and audit
30.Islamic finance
31.Business informatics and ICT
35.Consumer behavior
The Board of Editors
Reviewers
Assoc. Prof. Dr. Suhaimi Bin Mhd Sarif, International Islamic University Malaysia
Dr. Hasnizam Bin Shaari, Universiti Utara Malaysia
Editors Dr. Mokmin Bin Basri (International Islamic University College of Selangor) Mohamad Sofuan Mohamad Salleh
ENGLISH PAPERS GE 001 - FINANCIAL ANALYSIS AND PROFITABILTY MEASUREMENT IN COMPANIES IN BANGLADESH USING ALTMAN Z-SCORING MODEL: AN EXAMPLE FROM LAFARGE SURMA CEMENT Naheem Mahtab pp.1 - 19 GE 008 - SKILLS PARAMETER FOR EFFECTIVE MANAGEMENT DEVELOPMENT FROM THE ISLAMIC PERSPECTIVE Unnaisha N Mohamed, Shamema Ayob Khan and Shajetha Ayob Khan pp. 20 - 26 GE 010 - FINANCIAL DOLLARISATION: THEORY & MONETARY POLICY; THE CASE OF CAMBODIA Ahmed Zaki pp. 27 - 40 GE 015 - THE ESSENCE OF QUR'ANIC REVELATION: AN ANALYTICAL STUDY Attahir Shehu Mainiy pp. 41- 52 GE 016 - IMPACT OF IFRS ON BANGLADESH’S BANKING SECTOR Maqbool Kader Quraishi pp. 53 - 73 GE 017 - THEORY AND APPLICATION OF ISLAMIC POLITICAL IDEAS WITH SPECIAL REFERENCE TO SULTAN MUHAMMAD BELLO’S ADMINISTRATION Muhammad Dahiru Shuni pp. 74 - 90 GE 019 - IMPACT OF TECHNOLOGY IMPLEMENTATION ON ENTREPRENEURIAL ORIENTATION Yumna Gillani and Saavia Khan pp. 91 -97 GE 023 - RELATIONSHIP BETWEEN ORGANIZATIONAL POLITICS, EMOTIONAL
INTELLIGENCE AND CAREER SUCCESS IN MANUFACTURING SECTOR K. R. Sowmya pp. 98 - 106 GE 024 - THE DEVELOPMENT OF BAITUL MAAL WA TAMWIL (BMT) IN THE ACTIVITY OF ECONOMIC SOCIETY KMT.Lasmiatun pp. 107 - 114 GE 032 - A REAL OPTIONS PERSPECTIVE ON CROSS-BORDER AND CROSS-INDUSTRY ACQUISITIONS: THE ROLE OF SEQUENTIAL BEHAVIOR Yi-Fen Huang pp. 115 - 124 GE 033 - IMPACT OF STAKEHOLDER'S ENGAGEMENT ON PROJECT PORTFOLIO MANAGEMENT SUCCESS, IT INDUSTRY IN LAHORE, PAKISTAN Madeeha Shah and Imran Haider Naqvi pp. 125 - 135 GE 038 - CONSTRUCTING A FINANCIAL CONDITIONS INDEX FOR NIGERIA Yaaba Baba Nmadu pp. GE 044 - A REVIEW ON TAXATION SYSTEM: OPTIMIZATION APPROACHES Nurul Farhaini Razali and Sie Long Kek pp. 150 - 159 GE 045 - IMPACT OF SATELLITE-BASED DISPATCH SYSTEMS FOR TAXI SERVICES IN URBAN AREAS: A LITERARY REVIEW Razieman Mohd Yusoff, Norminsham Abd. Karim and Azimah Daud pp. 160 - 168 GE 049 - EVALUATION OF CUSTOMER PERCEIVED VALUE AND LOYALTY ON DESIGNED PARCEL PACKAGE: A STUDY OF MAINLAND CHINESE CUSTOMERS Si-Ping LIN and Chia-Han YANG pp. 169 - 176
GE 050 - FACTORS INFLUENCING GENERAL EMPLOYEE’S PERCEPTION AND ATTITUDE TOWARDS HALAL LOGISTICS ADAPTATION Najwa bt. Najmi Gurcharan and Sabariah bt. Mohamad pp. 177 - 183 GE 051 - DETERMINANTS OF LABOR EMPLOYMENT IN THE MANUFACTURING SECTOR OF MALAYSIA Mohammed Yusoff and Sharifah Nabilah Syed Salleh pp. 184 - 194 GE 052 - THE CONTRIBUTIONS OF INTERNATIONAL STUDENTS IN UNIVERSITY TO THE MALAYSIAN ECONOMY Nor Azah Jahari, Siti Asmahan Mohamad Ali and Azizah Musa pp. 195 - 202 GE 055 - UNDERSTANDING AND PREPAREDNESS OF MANUFACTURING COMPANIES TOWARDS THE PROPOSED GOODS AND SERVICE TAX IN MALAYSIA Zainol Bidin and Munusamy Marimuthu pp. 203 - 210 GE 056 - EMOTIONAL INTELLIGENCE EFFECTS TOWARDS EMPLOYEE INTENTION TO STAY AMONGST MALAYSIAN PRIVATE HIGHER EDUCATION INSTITUTION (PHEI) EMPLOYEES Bahyah Abdul Halim and Natasha Shazleen Badrul pp. 211 - 216 GE 057 - THE ROLE OF FOREIGN DIRECT INVESTMENT IN THE ECONOMIC DEVELOPMENT OF PAKISTAN Mushtaq Ur Rehman pp. 217 - 235
GE 058 -RELATIONSHIP OF CORPORATE GOVERNANCE WITH FIRMS FINANCIAL PERFORMANCE: "CASE STUDY OF PAKISTAN" Mushtaq Ur Rehman and Zulqarnain Khalid pp. 236 - 284 GE 061 - EXPLORING VALUE CO-CREATION PROCESS FOR DEVELOPING FANDOM IN INDIE POP MUSIC INDUSTRY: CASE STUDY OF CHEER CHEN AND HER FANS GROUP Min-Yue Gao and Chia-Han Yang pp. 285 - 292 GE 068 - APPLICATION OF BUDDHISM ON HUMAN RESOURCE DEVELOPMENT: REFERENCE TO THE MAHA MANGALA SUTTA Padmasiri. M.KD pp. 293 – 298 GE 063 - TRANSPORTATION MODEL IN DELIVERY GOODS USING RAILWAY SYSTEMS FAUZIAH AB RAHMAN, SITI NURHAFIZA AHMAD pp. 327 – 336 GE 064 - THE DIFFERENCES BETWEEN BARRIERS TO PHYSICAL ACTIVITY PARTICIPATION AND PHYSICAL ACTIVITY LEVELS AMONG MALAYSIAN WOMEN CIVIL SERVANTS ROAYAAH BINTI ZAMBRI, DR. NADIAH DIYANA TAN ABDULLAH, DR. REZIAN-NA MOHAMMED KASSIM pp. 337 – 347 GE 067 - A STUDY ON ECONOMIC AND SOCIAL BENEFITS OF SPECTATORS IN THE INTERNATIONAL SPORTING EVENTS AT HO CHI MINH CITY Thien Tri HUYNH, Huong Thu Thi LE, Bang Cong LE, Mui Van TRAN pp. 348 - 354
MALAY PAPER
GE 048 - KEPIMPINAN BERKESAN DI IPT MARA DI PERAK - TEKNIK DELPHI Norazizah Che Mat pp. 299 - 302 GE 060 - PENGEMBARAAN VFR:TIPOLOGI DAN SUMBANGAN TERHADAP INDUSTRI PELANCONGAN
ARABIC PAPER GE 002 - TRAINING FROM THE PERSPECTIVE OF ISLAMIC THOUGHT AND ITS IMPACT ON PERFORMANCE "THEORY STUDY" Samir Ibrahim Rawimed, Salah Mohamed Zaki and Amir Bin Shaharuddin pp. 303 - 314
Sharifah Eisyahtun Syed Darar, Dr. Hairul Nizam Ismail pp. 315 - 326
GEMS2015 12 OCTOBER 2015 - Monday
8.00am - 9.00am
9.00am - 10.30am
10.30am- 11.00am
11.00am - 1.00pm
1.00pm- 2.00 pm
2.15pm - 4.30pm
4.30pm
Registration PARALLEL SESSION 1
Morning Break
PARALLEL SESSION 2
Lunch and
Prayer
PARALLEL SESSION 3
Coffee / Tea Break
Prayer Room - G Floor Lunch - La Veranda Coffee House (G Floor) There will be no presentation on the second day of the conference. However, participants are still entitled for lunch on the second day of the conference. The 1st draft of GEMS 2015 presentation schedule is published at the GEMS 2015 website.
1. If you have paid the registration fee and your papers are not available at the presentation
schedule, please email to us your registration fee documentation. 2. Please remember your ID No. during the registration session. 3. Please bring your registration fee documentation during the registration session
Rule for Presentation 1. The presentation duration is 15 minutes. 2. No standard format for the presentation slides. The number of slides is use to be suite with the 15 minutes presentation. Thank you & best regards.
DAY 1 - PARALLEL SESSION 1
(9.00AM – 10.30PM) GEMS 2015
SESSION CHAIR RAZIEMAN MOHD YUSOFF
GE 008 SKIILS PARAMETER FOR EFFECTIVE MANAGEMENT DEVELOPMENT FROM THE ISLAMIC PERSPECTIVE UNNAISHA NAINA MOHAMED
GE 044 A REVIEW ON TAXATION SYSTEM: OPTIMIZATION APPROACHES NURUL FARHAINI BINTI RAZALI
GE 032 A REAL OPTIONS PERSPECTIVE ON CROSS-BORDER AND CROSS-INDUSTRY ACQUISITIONS: THE ROLE OF SEQUENTIAL BEHAVIOR YI-FEN HUANG
GE 045 IMPACT OF SATELLITE-BASED DISPATCH SYSTEMS FOR TAXI SERVICES IN URBAN AREAS: A LITERARY REVIEW RAZIEMAN MOHD YUSOFF
GE 071 FISCAL, MONETARY AND TRADE POLICIES. THE SIGNIFICANCE AND IMPACTS ON FOREIGN DIRECT INVESTMENTS (FDI) IN DEVELOPING ECONOMIES MORRIS CHINENYE NJIKA
GE 061 EXPLORING VALUE CO-CREATION PROCESS FOR DEVELOPING FANDOM IN INDIE POP MUSIC INDUSTRY: CASE STUDY OF CHEER CHEN AND HER FANS GROUP MIN-YUE GAO, CHIA-HAN YANG
DAY 1 - PARALLEL SESSION 2 (11.00PM – 1.00PM)
GEMS 2015
SESSION CHAIR NORAINI SHAMSUDDIN
GE 014 ANALISIS FAKTOR GELAGAT KETIDAKPATUHAN ZAKAT PENGGAJIAN DI KALANGAN BELIA MUSLIM DI LEMBAH KLANG AZA SHAHNAZ AZMAN
GE 011 FAKTOR KETIDAKPATUHAN ZAKAT PENGAJIAN DALAM KALANGAN BELIA DI LEMBAH KLANG NORAINI SHAMSUDDIN
GE 060 PENGEMBARAAN VFR: TIPOLOGI DAN SUMBANGAN TERHADAP INDUSTRI PELANCONGAN SHARIFAH EISYAHTUN BINTI SYED DARAR
GE 062 NOMOPHOBIA DALAM KALANGAN PENJAWAT AWAM DAN PERKAITANNYA DENGAN KONFLIK-KERJA KELUARGA FATIN HAZIRAH ABDUL KARIM, DR SURENA SABIL, DR SITI MARIAM ABDULLAH
GE 048 KEPIMPINAN BERKESAN DI IPT MARA DI PERAK-TEKNIK KEPIMPINAN BERKESAN DI IPT SWASTA MARA - KAEDAH DELPHI NORAZIZAH BTE CHE MAT
GE 052 THE CONTRIBUTIONS OF INTERNATIONAL STUDENTS IN UNIVERSITY TO THE MALAYSIAN ECONOMY NOR AZAH BINTI JAHARI
GE 064 THE DIFFERENCES BETWEEN BARRIERS TO PHYSICAL ACTIVITY PARTICIPATION AND PHYSICAL ACTIVITY LEVELS AMONG MALAYSIAN WOMEN CIVIL SERVANTS ROAYAAH BINTI ZAMBRI
GE 055 UNDERSTANDING AND PREPAREDNESS OF MANUFACTURING COMPANIES TOWARDS THE PROPOSED GOODS AND SERVICE TAX IN MALAYSIA ZAINOL BIDIN, MUNUSAMY MARIMUTHU
DAY 1 - PARALLEL SESSION 3
(2.30AM – 5.30PM) GEMS 2015
SESSION CHAIR
MOHAMMED B. YUSOFF
GE 051
DETERMINANTS OF LABOR EMPLOYMENT IN THE MANUFACTURING SECTOR OF MALAYSIA
MOHAMMED B. YUSOFF AND SHARIFAH NABILAH SYED SALLEH
GE 016
IMPACT OF IFRS ON BANGLADESH’S BANKING SECTOR
MAQBOOL KADER QURAISHI
GE 067 A STUDY ON ECONOMIC AND SOCIAL BENEFITS TO SPECTATORS IN THE INTERNATIONAL SPORTING EVENTS AT HO CHI MINH CITY THIEN TRI HUYNH, MUI VAN TRAN, HUONG THU THI LE
GE 002 TRAINING FROM THE PERSPECTIVE OF ISLAMIC THOUGHT AND ITS IMPACT ON PERFORMANCE "THEORY STUDY"
"
SAMIR IBRAHIM SOLIMAN RWIMED
GE 053
DRIVERS OF JOB PERFORMANCE FOR EXPATRIATES IN ABC COMPANY MALAYSIA
AINAA IDAYU ISKANDAR
GE 069 ECONOMIC IMPACTS OF THE INTERNATIONAL CLUBS TAEKWONDO CHAMPIONSHIP IN HO CHI MINH CITY THIEN TRI HUYNH
GE 065 THE IMPACT OF BRAND LOYALTY ON BUYING BEHAVIOR OF WOMEN CONSUMERS FOR BEAUTY CARE PRODUCT : MALAYSIAN STUDY NOR AZLINA KAMAROHIM
GE 063 TRANSPORTATION MODEL IN DELIVERY GOODS USING RAILWAY SYSTEMS FAUZIAH AB RAHMAN
GE 024 THE DEVELOPMENT of Baitul Maal wa Tamwil (BMT) IN THE ACTIVITY OF ECONOMIC SOCIETY DR.KMT.LASMIATUN, SE, MSI
GE 001
FINANCIAL ANALYSIS AND PROFITABILTY REPORTING USING ALTMAN Z SCORING: EXAMPLE FROM LAFARGE SURMA CEMENT
NAHEEM MAHTAB
GE 001
FINANCIAL ANALYSIS AND PROFITABILTY REPORTING USING ALTMAN Z SCORING: EXAMPLE FROM LAFARGE SURMA CEMENT
NAHEEM MAHTAB INDEPENDENT UNIVERSITY, BANGLADESH (IUB)
ABSTRACT
Financial analysis is a logical way of inspecting the financial position of a company. It helps to evaluate and understand the company’s position. It also helps the creditors, investors, and managers answer the following questions: Is the company profitable? Does the company can control costs? Can the company pay the interest and principal on its debt? Is the company liquid enough to run its operations? Is there any chance of being bankrupt? Lots of other questions can be answered trough financial analysis. Furthermore, financial statement analysis reduces our reliance on gut feelings, guesses, and intuition. Most importantly, it reduces risk and uncertainty in decision making. Therefore, to be assured, reduce risk and uncertainty and avoid bankruptcy it is necessary to analyze financial statements by using valid tools and techniques.
Financial performance of any company can be easily evaluated through its profitability, liquidity, solvency and activity ratios. Ratio analysis is one of the easiest and widely used tools to evaluate the financial health of a company. In this paper the financial position of Lafarge Surma Cement Limited (LSC) has been evaluated by using ratio analysis. Alongside the chances of bankruptcy in the near future is evaluated with the help of Z score developed by Prof. Edward I. Altman (1968). From the study of five years (2008 to 2013), it is realized from the analysis that profit earning capacity and short term investing capacity of LSC is not so good, but its financing position is improving day by day. Through the analysis of liquidity and profitability ratios it has been observed that neither the liquidity position nor the profitability ability of the company is satisfactory. If we talk about the solvency condition of LSC, Z-score indicates that there is a probability of financial embarrassment in the near future.
The study was based on secondary data collected from published annual reports of the concerned company. The available data were analyzed to test the financial health of the companies by using ratio analyses which were broadly selected from three categories such as liquidity, solvency and profitability. Various descriptive statistical tests like average (Avg), standard deviation (S.D), maximum (Max), minimum (Min) and correlation test (CORREL) were also applied in the present study. The data were evaluated by using MS-Excel software for finding the relationship between the adopted variables. The study clarifies how these variables relate to each other.
GE 002
SAMIR IBRAHIM RAWIMED & Dr. SALAH MOHAMED ZAKI, PROF. MADYA DR. AMIR BIN
SHAHARUDDIN
UNIVERSITI SAINS ISLAM MALAYSIA (USIM)
:
1
.
.
GE 003
A BEHAVIORAL STUDIES: EVALUATION ON JUDGMENT OF THE HEURISTIC BIASED IN THE PROFESSIONAL FINANCIAL WORLD
SITA DELIYANA FIRMIALY, S.E. DEDDY P. KOESRINDARTOTO, PH.D
SCHOOL OF BUSINESS AND MANAGEMENT - ITB [email protected]
ABSTRACT
This paper explores the likelihood of heuristic based judgment in the process of decision making
of the professional in financial world. The simplicity of this method has proven to be useful and
quite effective. However, sometimes this simple way of probability assessing are much more
likely tend to create extreme biases and severe systematical error, due to the unclear
methodology performed in order to achieve the expected results. The present paper replicates
the evaluation on heuristic based judgment with two groups of respondents, the first group
consists of social sciences and financial analysts, who understand perfectly about the financial
world, while the second group consists of non-social sciences analysts, who in this paper we
concluded, has none to limited knowledge about the financial world. The objectives of this
recent paper was build to assess how the probability assessment in the process of decision
making can be different between these two groups of samples and then measured how far is
the discrepancy between both. The expected result of this experiment is an empirical validation
that prove judgment based on heuristics indeed play a very significant role in the process
decision making of these both groups of professionals.
GE 004
CULTURAL IMPERIALISM IN THE MASS MEDIA AND THE EFFECTS TO THE THIRD WORLD COUNTRIES
Azreen Fareza Sudin Asia Pacific University of Technology and Innovation
ABSTRACT
This conceptual paper will explore one of the most prominent critical stances that have been
adopted towards the globalization of cultures: the discourse of cultural imperialism in mass
media. It will focuses on the idea of globalization and the arguments surrounding it are
increasingly part of our lives and from academic discussions. For example, the complex interplay
between economic and cultural aspects of globalization is discussed by Kevin Robins (1997).
What Robin’s account brings out well are the complexities, the contradictions and ambiguities
and the uncertainties in globalization process. Globalization is complicated and perplexing
process in terms of the cultural politics it poses for us. The cultural “live experience” of
globalization thus be grasped as transformation in the way we experience our everyday local
lives as they are increasingly penetrated by distant globalizing forces. The detail of this paper
will investigate on cultural imperialism issues that arises from the process of globalization, de-
regulation in mass media and the new technology such as internet among society.
Keywords: globalization, cultural imperialism, culture, mass media
GE 005
CONCEPTUALIZING A STRATEGIC CRISIS COMMUNICATION PROCESSES MODEL FOR CRISIS-MODE PUBLIC RELATIONS MANAGEMENT
Azreen Fareza Sudin Asia Pacific University of Technology and Innovation
ABSTRACT
This concept paper entitled “Conceptualizing a Strategic Communication Process Model for
Crisis-Mode Public Relations Management” overviews a strategic communication process
through crisis communication models such as crisis situation model and several types of crisis
that could happen in organizations. The processes and models will also need to be further
analysed and discussed based on previous crisis communication that had happened globally. It
will also investigate on the limitations of each model. The paper has further revealed on how
communication technologies could help and dampen the crisis communication and
management process and the roles of public relations practitioners in organisation during the
crisis situation.
Keywords: crisis communication, crisis management, communication models.
GE 008
SKILLS PARAMETER FOR EFFECTIVE MANAGEMENT DEVELOPMENT FROM THE ISLAMIC PERSPECTIVE
Unnaisha N Mohamed,
International Business School, Universiti Teknologi Malaysia
Shamema Ayob Khan, Shajetha Ayob Khan, Kulliyah of Economics and Management Sciences, International Islamic University Malaysia
ABSTRACT
Management Development is an aspect of HRD that covers the evaluation of executive level
employees or prospective executive level employees and training them to be well equipped for
higher positions or higher competencies. Building managerial skills through Management
Development option is crucial to the effective functioning and growth of the organization as
retaining managerial position takers is essential in maintaining the organizational goals itself.
This paper intends to develop a skills parameter in the stratification of skills among the
employees; can it be management level or various equidistant positions across units in an
organization from the Islamic perspective. Management Development is focused on developing
individual skills and abilities to ensure the availability of managers equipped with the right set of
competencies and experience as managerial skills are asset to the managers and organization
alike. The successful tackle of decisive situations depends on the skills parameter of the
manager rather than the specific skills needed based on a job description. This paper will discuss
the importance of a skills parameter that would suggest the out of the box skills induction
through management development from the Islamic perspective. The objective of this study is to
expedite the efforts of management development in producing managers and role takers with
the ability to establish needed skills when required from the Islamic perspective. It has to be
understood that management development is meant to facilitate learning and nurturing, the
desired outcome by any management development program resides in the actions of the
participants themselves. "And that man can have nothing but what he strives for" (Al-Qur’an
53:39). This paper will see the scenario from the Islamic perspective as more and more
organizations are adapting the Islamic way of work as it is very much in accordance to the
ethical aspect of professionalism.
Keywords: HRD, management development, Islamic paradigm
GE 010
FINANCIAL DOLLARISATION: THEORY & MONETARY POLICY;THE CASE OF CAMBODIA
Ahmed Zaki, DBA. Lecturer at Zaman University.
ABSTRACT
Financial dollarisation is defined as the holding by residents of foreign currency assets and
liabilities that has been placed at the forefront of the policy debate in developing economies.
The reasons include its alleged influence on the conduct of monetary policy and; most
prominently; the impact of exchange rate depreciations on the solvency of dollar debtors (the
balance sheet effect). However, the vast analytical literature on these issues contrasts with the
scarcity of empirical work to support or refute these implications. This paper contributes to fill
this gap.
The paper revisits the evidence on the determinants of financial dollarisation, and finds that
financially dollarised economies display a more unstable demand for money, a greater
propensity to suffer banking crises after a depreciation of the local currency, and slower and
more volatile output growth, without significant gains in terms of domestic financial depth. In
this light, the case for an active de-dollarisation policy is concluded.
Keywords: Financial dollarisation, depreciation of the local currency, monetary policy, &
growth.
GE 011
FAKTOR KETIDAKPATUHAN ZAKAT PENGAJIAN DALAM KALANGAN BELIA DI
LEMBAH KLANG
NORAINI SHAMSUDDIN, AZA SHAHNAZ AZMAN, TEH SUHAILA TAJUDDIN
Kolej Universiti Islam Antarabangsa Selangor [email protected]
ABSTRAK
Beberapa kajian lepas mendapati bahawa tahap kepatuhan zakat adalah berbeza-beza di
peringkat umur yang mana peningkatan umur dan pendapatan meningkatkan kesedaran untuk
membayar zakat. Namun kepatuhan golongan belia untuk membayar zakat khususnya zakat
pendapatan adalah rendah dan tidak ada kepastian bahawa kepatuhan zakat akan meningkat
apabila umur semakin meningkat tua. Jika tahap kepatuhan tidak meningkat maka potensi
untuk meningkatkan hasil kutipan zakat di masa hadapan adalah tipis. Lantaran itu kajian ini
dilakukan bagi mengenalpasti apakah faktor yang mempengaruhi ketidakpatuhan zakat
penggajian dalam kalangan belia agar dapat diatur strategi untuk tujuan meningkatkan tahap
kepatuhan zakat mereka. Kajian ini mengadaptasi ‘Model Gelagat Pematuhan dan Pengelakan
Zakat’ oleh Sanep dan Zulkifli (2010) dan data daripada 437 soal selidik telah dianalisis
menggunakan kaedah analisis faktor dan analisis regresi. Hasil kajian mendapati majoriti
(68.4%) responden menunaikan tanggungjawab membayar cukai pendapatan tetapi hanya
41.2% menunaikan zakat penggajian. Maka terdapat 27.2% belia yang dijangka layak
membayar zakat penggajian tetapi gagal melaksanakannya. Faktor kemudahan fasiliti dan
kefahaman zakat mempengaruhi secara signifikan alasan ketidakpatuhan zakat penggajian.
Maka strategi untuk meningkatkan kemudahan fasiliti pembayaran dan kefahaman
masyarakat amat perlu disusun dan dilaksanakan dalam meningkatkan tahap kepatuhan dan
mengurangkan ketidakpatuhan zakat. Pewartaan undang-undang zakat juga dilihat sebagai
elemen strategi tambahan untuk mengurangkan ketidakpatuhan zakat.
Kata kunci: Kepatuhan zakat, zakat penggajian, belia dan gelagat
GE 014
ANALISIS FAKTOR GELAGAT KETIDAKPATUHAN ZAKAT PENGGAJIAN DI
KALANGAN BELIA MUSLIM DI LEMBAH KLANG
AZA SHAHNAZ AZMAN, TEH SUHAILA TAJUDDIN, NORAINI SHAMSUDDIN
Faklti Pengurusan dan Muamalah
Kolej Universiti Islam Antarabangsa Selangor
ABSTRAK
Makalah mengenai gelagat kepatuhan zakat penggajian telah banyak ditulis oleh pengkaji-
pengkaji zakat penggajian. Malah kajian ini telah dijadikan sebagai indikator kepada pihak
Lembaga Zakat Selangor (LZS) didalam pengurusan kutipan dana zakat daripada masyarakat.
Kewajipan membayar zakat jelas diterangkan di dalam al-Quran dan al-Sunnah. Namun, masih
terdapat ramai umat Islam yang tidak peduli dan enggan membayar zakat ke atas pendapatan
yang mereka perolehi. Manakala, kajian mengenai gelagat ketidakpatuhan masih hangat
diperbincangkan oleh pelbagai pihak kerana ia melibatkan polisi zakat sebagai salah satu
instrumen kewangan Islam. Kajian ini bertujuan melihat beberapa faktor yang mempengaruhi
ketidakpatuhan zakat dikalangan belia muslim di Lembah Klang. Bagi alasan ketidakpatuhan
pembayaran zakat penggajian, hasil analisis regresi menunjukkan bahawa ketiga-tiga faktor
iaitu fasiliti pembayaran zakat, penguatkuasaan undang-undang dan kefahaman zakat
mempengaruhi secara signifikan terhadap kepatuhan pembayaran zakat tersebut. Manakala
analisis pengesahan faktor bg kemudahan fasiliti yang tidak mencukupi, tahap kefahaman
zakat yang rendah dan tiadanya penguatkusaan undang-undang merupakan alasan yang
ketidakpatuhan zakat penggajian dalam kalangan responden. Oleh itu, pihak pengurusan zakat
disarankan agar mengambilkira permasalah ini dan pencari solusinya kerana ia mampu
mengubah persepsi responden terhadap institusi pengurusan zakat.
Kata kunci: Ketidakpatuhan zakat penggajian, analisis faktor, analisis pengesahan faktor
GE 015
THE ESSENCE OF QUR'ANIC REVELATION: AN ANALYTICAL STUDY
ATTAHIR SHEHU MAINIYO DEPARTMENT OF ISLAMIC STUDIES,
USMANU DANFODIYO UNIVERSITY, SOKOTO [email protected]
ABSTRACT
It is well known by the Muslim scholars that the essence of the Qur'an advocates doing
good to parents, relations and others as well as being honest and truthful in one's actions and
dealings. This is not unconnected with the fact that the Glorious Qur’an laid down, to man, a
complete and final system for his guidance in his earthly life. Considering the fact that the life of
an individual whether religious, social, economic including marriage and inheritance are
incorporated in it, the need to study the essence of Qur’anic revelation and reflect on its
contents became an important aspect in Muslims lives. On the basis of this, Almighty Allah
created the humankind and sent to them Prophets who read to them His Signs-Commands and
Prohibitions- so that they are not left unguided. Accepting and following the guidance brought
by these Prophets will, no doubt, amount to eternal bliss and eventually takes one to Paradise,
which has been the ultimate goal of every Muslim. And those who go contrary will end up in a
severe torment on the day of Requital. Taking this into consideration, Muslims believe, beyond
doubt that the essence of Qur'anic revelation, when properly understood and utilized, has the
potential of changing the religious, political, social as well as economic affairs of Muslims, the
world over. It is therefore against this background that this paper intends to analyze and discuss
the essence of the Qur'anic revelation. The paper is divided into three parts; the introduction
which gives an introductory touch on the subject discussed, the body which presents Qur'anic
essence as well as its classification drawing instances and discussion for better understanding of
the topic and lastly the conclusion in which summary of the paper and other topical issues were
expatiated.
GE 016
IMPACT OF IFRS ON BANGLADESH’S BANKING SECTOR Maqbool Kader Quraishi
School of Business Independent University, Bangladesh [email protected]
ABSTRACT
The adoption of IFRS around the world is occurring rapidly to bring about accounting quality
improvement through a uniform set of standards for financial reporting. The purpose of this
paper is to analyze the impact of IFRS on the Bangladeshi banking industry after the
implementation of IFRS. It may impact on positive way or negative way. So, we did a successful
research on banking industry. The variables of the research paper were compliances burden, tax
reporting practices, information technology, financial instruments, human resources and
impairment in advances. We made twelve questionnaires from the variables. First six
questionnaires were based on overall IFRS impact and the last six questionnaires were based on
six variables to identify whether they really made an impact on banking industry or not. We did
open ended questionnaires to auditors of four banks, which were based on variables that may
have an impact on banking industry, and we did our analysis on their given answers. And, at
last, we came to a result on our findings.
Keywords: IFRS, audit, banking industry
GE 017
THEORY AND APPLICATION OF ISLAMIC POLITICAL IDEAS WITH SPECIAL REFERENCE TO SULTAN MUHAMMAD BELLO’S ADMINISTRATION
Muhammad Dahiru Shuni
ABSTRACT
Sultan Muhammad Bello was among the Sokoto triumvirate who wrote extensively in almost all
the branches of human endeavours. In the area of politics and leadership he surpassed others, as
apart from his father the Shaykh, he had no equal, thus, he wrote a lot as far as Islamic political
ideas are concerned. In addition he had been into leadership circle, he was an administrator of a
large Caliphate of Sokoto for about twenty years after administering many leadership positions
during the life time of his farther the Shaykh. It is the intend of this article to critically review the
works of Sultan Muhammad Bello with a view to extract his political theories and to examine
their application during his administration and beyond. The article will also study the structure of
the Caliphate during his time, how was he able to administer it as Dar al Islam? In addition, been
it as an Islamic state where Shari’ah prevailed, had there been relevant cases that justified it as
such? To achieve this objective, his theories and practices will be discussed under different sub-
titles. In doing so, a cross-referencing would also be made on the political theories and practices
of Shaykh cUthman bn Foduye and his brother Shaykh cAbd Allah in the areas of their agreement
or otherwise.
GE 019
IMPACT OF TECHNOLOGY IMPLEMENTATION ON ENTREPRENEURIAL ORIENTATION
YUMNA GILLANI
BE STUDENT , DEPARTMENT OF ELECTRICAL ENGINEERING
INSTITUTE OF SPACE TECHNOLOGY
SAAVIA KHAN
BE STUDENT , DEPARTMENT OF ELECTRICAL ENGINEERING
INSTITUTE OF SPACE TECHNOLOGY
ABSTRACT:
The reason behind this research was to analyse the effect of technology implementation
(independent) particularly Customer Relationship Management (CRM) on Entrepreneurial
orientation (EO) (dependent) and to observe its effect on the organization’s performance. The
implementation of CRM effects the EO which is directly related to the employees’ performance.
To analyse this semi-structured interviews were conducted among telecommunication
companies of Pakistan. Study population was employees. Ten employees were interviewed and
it was examined that how CRM has effected the performances of those employees and how did
it affect the organization. All the interviews were recorded and later analysed manually. During
the interviews and discussions with the respondents, different opinions and perspectives
emerged which were then confirmed through the triangulation method.
With the empirical findings of this research it was revealed that the implementation of
Customer Relationship Management (CRM) has a significant impact on Entrepreneurial
Orientation (EO) of companies.
GE 023
RELATIONSHIP BETWEEN ORGANIZATIONAL POLITICS, EMOTIONAL INTELLIGENCE. AND CAREER SUCCESS IN MANUFACTURING SECTOR
K.R.Sowmya, Professor Management Studies, Rajalakshmi Engineering College,
Chennai,Tamilnadu, India. [email protected]
ABSTRACT
Despite the growing interest in recent years on emotional intelligence within the managerial
literature, too little has been written with respect to its relationship with organizational politics.
Career is a great concern of any individual in the growing competitive scenario. Studies on
emotional survival in the career, is the next concern of the proposed study. This is a purposive
attempt to explore this less-explored area in an Indian context by studying the population in the
most predominant city Chennai in India. The study proposes to explore the relationship between
organizational politics , emotional intelligence and career success. The study tries to find out the
relationship between the mentioned variables and give suggestions based on the findings from
the study.
Keywords: organizational politics, emotions, emotional intelligence, career, political skill,
career success
GE 024
THE DEVELOPMENT OF BAITUL MAAL WA TAMWIL (BMT) IN THE ACTIVITY OF ECONOMIC SOCIETY
DR.KMT.LASMIATUN, SE, MSI LPSDM RA Kartini Semarang [email protected]
ABSTRACT
Micro finance has existed in Indonesia since the late 19th century with the founding of the Bank
Perkreditan Rakyat (BKR) and Lumbung Desa. At first, BMT was born with the term Baitu
Tamwil (BT), with a background of several reasons. The function of BT is the same as BMI or
BPRS that is an Islamic Financial Institutions. The term BMT was began since 1995, after Bank
Muamalat Indonesia (BMI) established. BMT is one form of non-bank LKM (Lembaga Keuangan
Mikro) that is informal. BMT has a resource base on the supreme law of Muslims those are
Quran, Hadits and Ijtihad.
BMT developments in Indonesia are the impact that can be seen from the economic
development of Islamic shariah. The factors affecting the development are the enormous
dissatisfaction in terms of the settlement economic issues and the way that has been used.
Another factor is the importance of neo-classical economics that has a narrow base and has no
realistic assumptions toward humans. A further factor is the imbalance between the rich and
the poor, who occurs unsuccessfully solved by the service of justice and honest competition.
Keywords: Baitul Maal wa tamwil, BMT, Economic Shariah, LKM, LMKS
GE 032
A REAL OPTIONS PERSPECTIVE ON CROSS-BORDER AND CROSS-INDUSTRY ACQUISITIONS: THE ROLE OF SEQUENTIAL BEHAVIOR
Yi-fen Huang Associate Professor
Dayeh University [email protected]
ABSTRACT
Although the concept of real options has created considerable excitement in the strategy and
management fields, empirical evidence still can’t provide a whole picture of the determinants
and consequences of sequential behavior. Therefore, the specific interest of this study is the
application of real options theory on the choice of sequential mode, especially focus on the
situations of cross-border and cross-industry acquisition. This study further presents acquirer’s
portfolio of options and slack resources as important moderators in affecting sequential
acquisition and its value. A sample of 511 cases of completed acquisitions is collected from the
Taiwan high-tech companies. The finding indicate that cross-industry entry has positive impact
on the use of sequential acquisition, the more diversify the acquirer is, the more likely sequential
acquisition been choose. The finding also point out that sequential acquisition has negative
impact on acquirer’s value of growth options, and organizational slack have no impact on the
relationship between sequential acquisition and value of growth options.
Keywords: real options, sequential acquisition, growth option value.
GE 033
IMPACT OF STAKEHOLDER'S ENGAGEMENT ON PROJECT PORTFOLIO MANAGEMENT SUCCESS, IT INDUSTRY IN LAHORE, PAKISTAN
Madeeha Shah MS Researcher at Department of Management Sciences
Comsats institute of Information Technology Lahore, Pakistan. [email protected]
Dr. Imran Haider Naqvi Head, Centre of Islamic Finance
Comsats institute of Information Technology Lahore, Pakistan. [email protected]
ABSTRACT
Stakeholder’s engagement had compelling impact on project portfolio management success.
Study investigated the impact of stakeholders’ engagement on the project portfolio
management success as yet it was not elaborated in the literature. It hypothesized that role
clarity moderated the relationship between stakeholders’ engagement and project portfolio
management success. This correlational and cross sectional research approached well known
and reputed software houses managing projects in portfolios in the city of Lahore, Pakistan.
Analysis of data and results were obtained employing Pair wise Hierarchal Regression and
Pearson Correlation. The findings demonstrated the model of the study reporting complete
moderating effect for internal stakeholders while partial moderating effect for external
stakeholders.
Keywords: Project portfolio management success, Stakeholders’ engagement, Customer’s
engagement, Supplier’s engagement, Role clarity.
GE 038
CONSTRUCTING A FINANCIAL CONDITIONS INDEX FOR NIGERIA
YAABA BABA NMADU Department of Statistics Central Bank of Nigeria
ABSTRACT
The challenges and opportunities in the dynamism of the structure of the financial system, as
well as the multiplicity and sometimes conflicting macroeconomic objectives of Central Bank of
Nigeria (CBN) has significantly affected the choice of instruments and the operating procedure
of monetary policy to achieve the desired objectives. The combination of varying domestic and
external instruments helps CBN to harness the potentials of both domestic and external
macroeconomic factors on the overall financial conditions of the economy. To determine the
relative importance of both the domestic and external influences on monetary policy
formulation, this study constructs and estimates a financial conditions index (FCI) for Nigeria
between 2004Q1 and 2013Q4. It brings together the four key channels of monetary policy
transmission mechanism, namely interest rate, exchange rate, credit and equity channels and
applies Autoregressive Distributed Lag (ARDL) to estimate the weights of the variables used for
the construction of the FCI. The result gives prevalence to exchange rate channel, follow by
equity channel, credit channel and then interest rate channel. The resultant FCI traces fairly well
the policy direction of the CBN for the studied period, hence can serve as an adequate gauge of
monetary policy stance of the Bank. The study, therefore, recommends the official adoption of
the FCI as an intermediate target of monetary policy by the CBN and a gauge of the stance of
monetary policy by the financial market players and participants.
Key Words: Monetary policy, financial conditions index, monetary transmission, output
JEL Classification: C33, E52, E58
GE 044
A REVIEW ON TAXATION SYSTEM: OPTIMIZATION APPROACHES
NURUL FARHAINI RAZALI Department of Mathematics and Statistics
Faculty of Science, Technology and Human Development Universiti Tun Hussein Onn Malaysia
SIE LONG KEK Center of Research in Computational Mathematics
Faculty of Science, Technology and Human Development Universiti Tun Hussein Onn Malaysia
ABSTRACT
In this paper, a review of the literature on the taxation system with the optimization approaches
is reported. A review on the timeline of the taxation based on optimization approaches is made.
A discussion on the types of the taxation system and the application of the optimization
methods are given. The gaps of years are decreasing down and this shows a positive sign for the
research development in taxation system. On the other hand, this paper finds that the types of
the taxation system are personal income tax, corporate income tax and local tax. In addition, in
the past literatures, it is found that the frequently used optimization approach in the taxation
system research is nonlinear programming approach rather than other optimization methods.
For the conclusion, a limited literature is available on the linear programming method that is
applied in Goods and Services Tax (GST) or Value Added Tax (VAT) area.
Key Words: Corporate income tax, Goods and Service Tax (GST), Linear programming
method, Local tax, Nonlinear programming, Personal income tax, Value Added Tax (VAT).
GE 045
IMPACT OF SATELLITE-BASED DISPATCH SYSTEMS FOR TAXI SERVICES IN URBAN AREAS: A LITERARY REVIEW
*RAZIEMAN MOHD YUSOFF
Center for Postgraduate & Professional Studies (CPPS), Universiti Teknologi MARA
ASSOCIATE PROFESSOR NORMINSHAM ABD. KARIM
Faculty of Business & Management, Universiti Teknologi MARA
DR. AZIMAH DAUD
Faculty of Business & Management, Universiti Teknologi MARA
ABSTRACT
The current trend in urban transportation is the introduction of satellite-based dispatch systems
for taxi services which consists of a real-time platform for mobile phone users to book taxi
services with a simple tap. The service helps bridge the supply gap between taxi drivers and
demand from users in urban areas. The mobile application is popular simply because it reflects
the essence of urban mobility; accessible, convenient and time-responsive. However, this trend
is receiving backlash from taxi drivers all over the world, even though customers favor this kind
of services. Hence, this review aims to provide a clear understanding on the impact of
technological advancement for taxi system. An extensive literary review on the impact of app-
based taxi services for urban mobility will be done throughout this review by collecting and
critically classify on past researches; in order to identify the gap between them. The review will
facilitate an understanding of the extent of technological advancement in urban mobility, as
well as provide an extensive literature review for future research.
Keywords: Urban mobility, mobile application, public transportation, taxi system.
GE 048
KEPIMPINAN BERKESAN DI IPT MARA DI PERAK-TEKNIK DELPHI
NORAZIZAH CHE MAT Jabatan Pendidikan Pengurusan,Perancangan dan Polisi, Fakulti Pendidikan
Universiti Malaya, 50603, Kuala Lumpur
Fakulti Pentadbiran Maritim Universiti Kuala Lumpur Malaysian Institute Marine Engineering Technology,Perak, 32200, Malaysia
ABSTRACT
Dunia yang semakin mencabar yang didiami oleh individu yang bergelar pemimpin pada hari
ini, memerlukan kepada pemimpin yang sesuai dengan corak dan keperluan semasa. Pemimpin
yang baik adalah pemimpin yang boleh melaksanakan tugas dan tanggungjawab dengan penuh
keyakinan sekiranya pemimpin tersebut memahami objektif utama serta dapat membuat
perancangan dengan lebih awal untuk mencapai objektif tersebut.Oleh yang demikian, kajian
ini memberi fokus kepada tiga tema ciri kepimpinan berkesan utama di Institusi Pendidikan
Tinggi swasta MARA dalam konteks di Perak sahaja sebagai panduan asas untuk pemimpin
dalam membentuk diri menjadi pemimpin berkesan. Jumlah pakar yang terlibat di dalam kajian
adalah seramai 15 orang pakar yang diiktiraf kepakaran mereka. Kajian ini hanya memberi
fokus kepada kaedah atau teknik Delphi yang diubahsuai kepada empat sesi pusingan. Hasil
daripada kajian menggunakan kaedah Delphi ini menunjukkan bahawa panel pakar bersetuju
tiga ciri utama kepimpinan berkesan boleh dijadikan panduan untuk pemimpin dalam
membentuk diri menjadi pemimpin berkesan.
Bidang Kajian: Institusi Pendidikan Tinggi Mara, kepimpinan berkesan, kaedah Delphi,
panel pakar.
GE 049
EVALUATION OF CUSTOMER PERCEIVED VALUE AND LOYALTY ON DESIGNED PARCEL PACKAGE: A STUDY OF MAINLAND CHINESE CUSTOMERS
SI-PING LIN,
National Cheng Kung University, Tainan, Taiwan.
CHIA-HAN YANG
National Cheng Kung University, Tainan, Taiwan.
ABSTRACT
E-commerce has become an important driving force for economic development in China. Many
small and medium enterprises seek business opportunities by utilizing e-commerce to win the
market.
The high e-commerce growth rates in China causes e-commerce firm to approach a new way to
differentiate their brands increase customer satisfaction and build customer loyalty. As many of
businesses mostly use advertising media to boost sales, a product itself must have its own way
to attract its target market and increase customers’ attention. Here, the package is an
important attribute in e-commerce business. It is not only a part of logistics need but also a
marketing tool to enhance brand image.
The customers’ experience in purchasing product from e-commerce is initially started from the
moment when they receive the package. However, most of e-commerce firms have less
intention towards the parcel packaging design.
This study focuses on the evaluation of costumer perceived value and loyalty on designed parcel
package in Mainland China. One successful case study of designed parcel package is used in this
study to be compared with ordinary parcel package, in order to reveal customer responses
toward designed parcel package. The sampling of this study is con11centrated on China
mainland population. The important findings of this research are the differences of customer
perceived value and customer loyalty between ordinary parcel package and designed parcel
package.
Keywords: Designed parcel package, customer perceived value, customer loyalty, e-
commerce
GE 050
FACTORS INFLUENCING GENERAL EMPLOYEE’S PERCEPTION AND ATTITUDE TOWARDS HALAL LOGISTICS ADAPTATION
NAJWA BT. NAJMI GURCHARAN Malaysia Institute of Transport (MITRANS)
Universiti Teknologi Mara 40450 Shah Alam, Malaysia
SABARIAH BT. MOHAMAD Malaysia Institute of Transport (MITRANS)
Universiti Teknologi Mara 40450 Shah Alam, Malaysia
ABSTRACT
This literary study will examine the factors influencing the perception and attitude of logistics
general employees in the context of Halal within their activities. Due to the high demand of
halal product and as consumers become more sensitive towards Halal integrity, the adaption
towards Halal logistics concept has become crucial. As a service based industry, human capitals
are an important asset which determines the successfulness of the operational performance
specifically in protecting the integrity of Halal product. By changing the routine conventional
logistics practice into a newly Halal logistics has given a high impact towards the general
employee especially in both warehousing and trucking department. A successful implementation
of Halal logistics concept depends on the response of general employee which largely arises
from his/her positive perceptions and attitude thus reflects on good work performance. As
employees start to show resistance toward change, the organization will face threat towards
Halal products integrity. In order to obtain a successful Halal products distribution and integrity,
it is necessary to ensure that not only the organization but also the manpower are willing and
ready to undergo transformations. Multiple studies that emphasizing on employee acceptance
towards change within the scope of service based industry had been analyzed in order to
determine the factors that could be adapted in Halal logistics industry. The paper is part of the
literature review of a doctoral study and its significance shall serve as a reference for the
governance halal authority, higher institutions, logistics industry players and researcher towards
halal human capital development in Malaysia
Keywords: Halal logistics industry; General employees, Factors influence perception and
attitude, Halal logistics adaption.
GE 051
DETERMINANTS OF LABOR EMPLOYMENT IN THE MANUFACTURING SECTOR OF MALAYSIA
MOHAMMED B. YUSOFF Department of Economics
International Islamic University Malaysia P.O. Box 10, 50728 Kuala Lumpur, Malaysia.
SHARIFAH NABILAH SYED SALLEH Department of Economics
International Islamic University Malaysia P.O. Box 10, 50728 Kuala Lumpur, Malaysia.
ABSTRACT
The manufacturing sector has been contributing significantly to the Malaysia’s economy in terms
of its contribution to GDP, employment, and exports. This paper examines the determinants of
employment of labor in the Malaysian manufacturing sector. We estimate the model using the
instrumental variable technique and the results suggest that the real wage rate, output
represented by the value added, and capital represented by the value of fixed assets are all
important determinants of labor employment in manufacturing sector in Malaysia. This implies
that implementing policies to encourage capital accumulation and overall economic growth are
indeed helpful to boost employment in the manufacturing sector. The elasticity of labor
employment with respect to wage rate is 1.86 suggesting that labor employment is responsive to
the changes in wage rate; a 1% decrease in wage rate increases employment by 1.86% which will
then spur the manufacturing output which are mostly exported to foreign countries. This suggests
that employment in the manufacturing sector could be created through wage reduction, increase
in capital and output level.
Keywords: labor employment, wage rate, manufacturing, Malaysia
GE 052
THE CONTRIBUTIONS OF INTERNATIONAL STUDENTS IN UNIVERSITY TO THE MALAYSIAN ECONOMY
NOR AZAH JAHARI¹, SITI ASMAHAN MOHAMAD ALI² & AZIZAH MUSA³
Faculty of Business Universiti Selangor [email protected]¹ [email protected]² [email protected]³
ABSTRACT
In Malaysia, 18,242 international students have been recorded in 2001, and in less than ten
years, it has grown to 86,919 in total, registering 16 percent growth per annum. In 2020,
Malaysia targeted to become the education hub of Asia with a target of 200,000 international
students. This should change Malaysia position from sending to a receiving country as chosen
destination for study. Therefore, this paper aims to discuss the contribution of international
students in university to Malaysian economy. Focus is precisely made on earning and income for
the tourism sector. The increased number of international students has contributed to the
country gross domestic product (GDP) and gross national income. During the study also,
international students will travel around and their families and relatives also often travel to the
country where the student is studying to help them settle in, and also upon their graduation.
These contribute to the growth of tourism sector in term of income to people and flow of
income. Due to these contributions gain by the country, the government should ensure the
stability of the country in term of political, social, economy and technology in order to instill
goodwill and reputation of the country education sector and finally achieve the aim of vision
2020.
Keywords: International students, economics, earning, tourism
GE 053
DRIVERS OF JOB PERFORMANCE FOR EXPATRIATES IN ABC COMPANY MALAYSIA
AINAA IDAYU ISKANDAR (AUTHOR), FARIHA AIZA RAMLY, NURHASLINDA HASHIM, SURAYA
HAMIMI MASTOR, HAZALINDA HARUN, TENGKU NAZRIN SHAH TENGKU MUHAMAD ADNAN
Universiti Teknologi Mara Melaka
ABSTRACT
Workforce has becoming one of the trends in Malaysia in 21st century workforce and hiring
expatiate is one of the approach in having diverse workforce in organization. However, hiring
expatriate can be very costly. Malaysian Immigration Policy (MIP) stated that expatriates need
to be paid minimum of RM5,000 per month and even some are eligible for extra benefit.
Expatriates’ job performances certainly contribute an impact towards organization performance
and revenues. It is company’s intention to invest on their workers especially the expatriates and
in return they will improve company’s performance. The purpose of this is to identify the drivers
of job performance among expatriates in ABC Company. This study has been conducted with
ABC Company situated in Kuala Lumpur, Malaysia. Oil and gas industry is a very competitive
industry as it is a major contributor for global economy. In order to compete with other game
players in the industry, ABC Company has taken the initiative to hire expatriates as they believe
it would improve company’s performance. It is approximately ten percent of all employees
based in Kuala Lumpur are expatriates. This study attempts to analyze the relationship between
the dependent variable (i.e. job performance) and independent variables (i.e. salary, working
environment and job security). It is conclusive which also meant to examine relationships
between variables and to assist the decision maker in selecting the best course of action. The
goal of this descriptive study is to offer to the researchers the main variables affecting job
performance in ABC Company. All three (3) factors have shown to have positive relationship
with job performance. Job security has shown to have the strongest relationship with job
performance. Job security can give a great impact towards organizations and individuals
(Ahmad et al, 2010). For organizations, most of the competent workers tend to leave the
organizations in order for them to accept a better opportunity in the market. By having a clear
focal point, this research can turn the drivers of job performance for expatriate at ABC Company
from a theoretical idea into something more practical. It is important to take pro-active
attention by focusing on one factor that may improve job performance at ABC Company and
other organization as well.
Keywords: Job Performance, Expatriate, Salary, Work environment, job security
GE 055
UNDERSTANDING AND PREPAREDNESS OF MANUFACTURING COMPANIES TOWARDS THE PROPOSED GOODS AND SERVICE TAX IN MALAYSIA
ZAINOL BIDIN, MUNUSAMY MARIMUTHU
School of Accountancy, Universiti Utara Malaysia, 06010 Sintok, Kedah, Malaysia [email protected], [email protected]
ABSTRACT
The Malaysian Government announced that the Goods and Services Tax (GST) would replace of
Sales and Service Tax on 1 April 2015. The government would implement the GST system once
everyone understands and familiar with the system. This study is aimed to discover the
understanding and preparedness towards the implementation on the GST among managers in
manufacturing companies in Malaysia. Two constructs namely understanding and preparedness
were used to measure the GST perceptions. A survey was conducted by using mailed
questionnaire to acquire the data from 2,600 managers of manufacturing companies
throughout Malaysia. Only 173 responded where two questionnaires were found unusable
giving almost 7% response rate. Data were analyzed using descriptive statistics. The reliability
and validity tests were also performed on the two constructs. Overall, the results indicated that
manufacturing companies in Malaysia have good understanding and well prepared towards the
GST. All the items loading in the two constructs except one item (slightly less than 3.0) have
mean score of above 3.00. The results of reliability for both constructs had shown the Cronbach
alpha value above 0.70. Furthermore, the results of construct validity for both constructs also
shown KMO values are more than 0.80. The results of the study provide invaluable inputs for
the Government to implement GST to manufacturing companies in Malaysia.
Keywords: Understanding, Preparedness, Goods and Service Tax
GE 056
EMOTIONAL INTELLIGENCE EFFECTS TOWARDS EMPLOYEE INTENTION TO STAY AMONGST MALAYSIAN PRIVATE HIGHER EDUCATION INSTITUTION (PHEI)
EMPLOYEES
Bahyah Abdul Halim Lecturer, Faculty of Economics and Management Science
Universiti Sultan Zainal Abidin [email protected]
Natasha Shazleen Badrul
Lecturer, Faculty of Economics and Management Science Universiti Sultan Zainal Abidin
ABSTRACT
This paper discusses on how does employee emotional intelligence creates an awareness and
increases employee intention to stay amongst private higher education institutions. It is a
common situation in Malaysia whereby the private higher education institutions faces many
challenges including high employee turnover rates and burnout amongst staffs. The data
collected represented the private higher education institutions in the East Coast of Malaysia.
100 employees have participated and most of them have a high level of emotional intelligence.
They also indicated that they have no intentions of leaving their current job because of their
passion and love towards the job. When asked whether the challenges and difficulties effected
their work intentions, they said that it is not a problem for them to overcome the situations. The
results shown that employee emotional intelligence significantly have a positive relationship
with employee intention to stay.
GE 057
THE ROLE OF FOREIGN DIRECT INVESTMENT IN THE ECONOMIC DEVELOPMENT OF PAKISTAN
MUSHTAQ UR REHMAN
Research Student Mohammad Ali Jinnah University (MAJU) Islamabad Campus [email protected]
ABSTRACT
The last two decades have witnessed an extensive growth in foreign direct investment flows to
the developing countries. These investments are playing an important role in the economic
development and growth of the developing economies. As a result, there is now severe
competition among the developing countries to attract foreign direct investment for which they
offer certain incentives to foreigners for investing in these countries. This paper therefore
examines the role of foreign direct investment in the economic development of Pakistan. Over
the years Pakistan has offered many incentives to foreigners for investing in Pakistan, however,
the real nature and role of such investments has not been explored in detail in the existing
literature so far. For understanding and investing this scenario this study analyse the
relationship between foreign direct investments with a number of variables which are regarded
as the main determinants of economic development. The results suggest that foreign direct
investment has played an important role in reducing poverty, increasing competition, creating
employment and transfer of technology which has resulted in a sustained economic growth in
Pakistan.
Key words: Foreign direct investment, developing countries, economic development.
GE 058
RELATIONSHIP OF CORPORATE GOVERNANCE WITH FIRMS FINANCIAL PERFORMANCE "CASE STUDY OF PAKISTAN"
MUSHTAQ UR REHMAN* ZULQARNAIN KHALID**
* Lecturer, Lahore Business School, University of Lahore-Islamabad Campus ** Student, Lahore Business School, University of Lahore-Islamabad Campus
ABSTRACT
In this study the relationship between corporate governance on financial Performance of KSE listed firms is examined for the period 2008 to 2012. The sample consists of 50 non-financial firms listed on KSE. To measure the quality of firm level corporate governance the multifactor rating system is used. It covers the broad set of governance practices and various categories. The CG-index is constructed comprised of three sub-indices board composition, ownership and shareholding and transparency disclosure and auditing. There are 22 proxy indicators for each sub index; eight indicators for board composition, seven for ownership and shareholdings and seven indicators are related to transparency, disclosure and auditing. The financial performance of the firms is measured through value based management and accounting based performance metrics as EVA, CFROI and ROE respectively. The multiple regression and descriptive statistics is used to analyze the impact of corporate governance on financial performance of the firms. The result shows that corporate governance has significant positive impact on value based performance measure EVA. It also shows positive impact of corporate governance with value based performance measure CFROI and accounting based performance measure ROE but results are not significant. The results of control variable leverage shows positive impact on EVA but results are not significant and it shows negative impact on CFROI and ROE. The only results of leverage are significant with ROE. The other control variable firm size shows positive impacts with performance of the firms but results are not significant except with EVA. It shows that good governance does matter in Pakistan and it enhances the value and performance of the firms. The good level of governance creates value for the firm and maximization of wealth for shareholders in Pakistan, but still a lot of area remained uncovered. There is need of tight control and strong emphasis on compliance with code of corporate governance in Pakistan by SECP. The firms in Pakistan are mostly institution or family owned and they have tight control on corporate affairs, hence it demands the more number of independent or nominee directors on board. The cross shareholding and pyramid structures of ownership also affects the good governance practices in firms and it becomes a difficult task to extract actual information from available data in case of ownership and shareholding. There is less number of representations of minority shareholders on board in case of KSE listed firms. The area of transparency, disclosure and auditing is more emphasized by SECP in recent years. Hence it gets better ratings in our constructed index. Our results shows that corporate governance affect performance and decision making of firms in Pakistan to some extent, but still there is need of uplifting the standards of corporate governance in Pakistan. Keywords: CG index, corporate governance, Board, Ownership and shareholding, Transparency, disclosure and auditing, Economic value added (EVA), Cash flow return on investment (CFROI), Return on equity (ROE), financial performance, Leverage, firm size.
GE 060
PENGEMBARAAN VFR: TIPOLOGI DAN SUMBANGAN TERHADAP INDUSTRI PELANCONGAN
SHARIFAH EISYAHTUN SYED DARAR Unit Perancangan Bandar & Wilayah
Fakulti Alam Bina Universiti Teknologi Malaysia
DR. HAIRUL NIZAM ISMAIL Unit Perancangan Bandar & Wilayah
Fakulti Alam Bina Universiti Teknologi Malaysia
ABSTRAK
Pengembaraan melawat rakan dan saudara atau pengembaraan VFR (visiting friends and
relatives) merupakan sebahagian daripada faktor sesetengah pihak dalam melakukan
perjalanan ke sesebuah destinasi. Di Malaysia, perjalanan dengan tujuan melawat rakan dan
saudara telah mencatatkan jumlah bilangan tertinggi pada tahun 2014 iaitu 44 peratus
berbanding dengan tujuan percutian santai, bisnes dan lain-lain. Selain dari kepentingan
bersosial dan kasih sayang, antara sebab perjalanan ini menjadi keutamaan apabila berlakunya
perkembangan populasi serta penghijrahan ke kawasan baru. Permasalahan dalam kajian VFR
menjelaskan bahawa pasaran ini sukar untuk diukur kerana terdapat permasalahan dari segi
definisi dan tiada model yang spesifik untuk digunakan bagi menggambar karakter
pengembara ini. Selain daripada itu, pasaran VFR dianggap pasif kerana hanya tinggal bersama
rakan dan saudara dan tidak terlibat dalam aktiviti yang berkaitan dengan pelancongan selain
tidak menyumbang daripada sudut ekonomi. Oleh sebab itu, kajian ini dilakukan bagi
menerangkan model-model yang digunakan bagi menggambarkan pasaran pengembara VFR
serta sumbangan pasaran ini terhadap destinasi pelancongan melalui keutamaan dalam
pemilihan penginapan, pilihan tempat tarikan pelancongan serta perbelanjaan di destinasi.
Kajian dilakukan ke atas pengembara domestik Malaysia di kawasan rehat dan rawat Lebuh
Raya Utara Selatan. Penemuan awal kajian membuktikan bahawa pasaran ini turut
memberikan sumbangan yang jelas terhadap ekonomi pelancongan. Hasil dari kajian ini boleh
digunakan sebagai alternatif dalam perancangan sesebuah destinasi yang melibatkan pasaran
pelancong domestik.
Bidang Penyelidikan: Tipologi Pengembaraan VFR, Karakter Perjalanan Pengembara,
Perbelanjaan Pengembara
GE 061
EXPLORING VALUE CO-CREATION PROCESS FOR DEVELOPING FANDOM IN INDIE POP MUSIC INDUSTRY: CASE STUDY OF CHEER CHEN AND HER FANS GROUP
MIN-YUE GAO
Institute of Creative Industries Design
National Cheng Kung University
CHIA-HAN YANG
Institute of Creative Industries Design
National Cheng Kung University
ABSTRACT
Annual sales of music records has been decreased at a 20% rate every year since 1998 in
Taiwan, because of the convenience and prevalence of downloading pirate music online. The
total record sales in 2002 is less than half of that in 1997. While the pop music market was
suffering, the number of indie music group had soared from 500-600 in the year of 2005 to 1500
in 2009. At the same time, indie pop music that between pop music and indie music was not
only survive, even has become a main stream in Taiwan today. The survival and development of
indie pop music in a decreasing music market are closely related to the interaction between
indie pop musicians and their fans. Indie pop musicians not only keep holding on their unique
styles of music and expressing their thoughts, release their new online in a wide range, but like
to interact with fans in close distance in smaller size live performances. The interaction and
experience between fans and fan object in live events, the shared memory between fans and
fans, wearing T-shirts with the logo of same fan object and even more highlighted behaviors
(collection and imitating, etc.) have become a value co-creation between fans and fans, as well
as fans and fan object. On the other hand, indie pop musicians do not deny their value in pop
music, embracing the business-oriented operation and more fans. This way of interaction has
won more fans for the fan object of indie pop music than indie music, and more loyal fans than
pop music. The fans are willing to buy not only the music itself, but also support to fan object. In
sum, the unique operation model to some extent has created the high loyalty, high consumption
and high co-creation of fans to fan object. This study is to discuss the co-creation between fans
or fandom and fan object, as well as from inside of the fandom. Based on the case studies of
indie pop music in Taiwan, the study discusses the value and process of co-creation between
stakeholders.
Keywords: Fandom, Value Co-creation, Indie Pop Music
GE 062
NOMOPHOBIA DALAM KALANGAN PENJAWAT AWAM DAN PERKAITANNYA
DENGAN KONFLIK-KERJA KELUARGA
FATIN HAZIRAH ABDUL KARIM, DR SURENA SABIL, DR SITI MARIAM ABDULLAH
Fakulti Sains Kognitif dan Pembangunan Manusia,
Universiti Malaysia Sarawak
ABSTRACT
Nomophobia atau phobia tanpa telefon adalah salah satu phobia jenis baru yang diakibatkan
oleh penggunaan telefon secara kerap. Kajian kuantitatif ini akan mengenalpasti emosi-emosi
yang diakibatkan oleh penggunaan telefon pintar sama ada ketika bersama telefon pintar atau
berjauhan dengannya. Nomophobia juga akan dikaitkan dengan konflik kerja-keluarga iaitu
salah satu komponen penting dalam keseimbangan hidup-bekerja. Perbezaan jenis konflik
(konflik kerja kepada keluarga dan konflik keluarga kepada kerja) juga dikaji antara dua gender
iaitu lelaki dan perempuan serta perbezaan peringkat umur yang mengalami nomophobia dan
konflik kerja-keluarga. Kajian yang dilaksanakankan di utara semenanjung Malaysia ini
melibatkan 8 organisasi awam kerajaan telah menunjukkan perhubungan positif antara
nomophobia dengan konflik kerja-keluarga. Kajian ini turut membuktikan bahawa penggunaan
teknologi dapat mempengaruhi konflik kerja-keluarga dalam kalangan pekerja di Malaysia
selain faktor gender, jumlah anak, posisi kerja, tempoh bekerja ataupun tekanan.
Keywords: Nomophobia, Keseimbangan Hidup-Bekerja, Konflik Kerja-Keluarga
GE 063
TRANSPORTATION MODEL IN DELIVERY GOODS USING RAILWAY SYSTEMS
FAUZIAH AB RAHMAN Malaysian Institute of Marine Engineering Technology
Universiti Kuala Lumpur Lumut, Perak, Malaysia
SITI NURHAFIZA AHMAD Malaysian Institute of Marine Engineering Technology
Universiti Kuala Lumpur Lumut, Perak, Malaysia
ABSTRACT
Every organization set up to achieve goals and objective in the most low cost and high-profit manner. One of the techniques that can assist the manager of business organizations in this regard is operational research. The operational research is a scientific approach to the basic structure, characteristic of an organization to provide the method in solving the transportation problem. It also as a tool for making the decision in any operation and scheduling. In Ipoh Cargo Terminal (ICT) case, they operate in delivering goods by ships and trains. Focus of the research is railway line involved in the operation. If the railing schedule is not properly, they cannot minimize the cost. For instance, when they have a delay in the operation, the result is more money will be used to guarantee all operation run smoothly. The study aimed to investigate the trend of fees or cost involved in delivering goods using railway lines at ICT. It is included the information of the rate charges and additional accusations of a container ship for the customer, shipping line, maritime transport agencies, freight forwarder, forwarding agent, and haulier. The study also focused on the calculation of net delivery cost occurred from ICT to Port Klang, West Port, and North Port. The research shows that the best method to minimize the cost and gained profit in delivering goods between ICT, Port Klang, West Port and North Ports is Vogel’s Approximation Method (VAM). It shows Vogel’s Approximation Method can minimize the total delivery cost less than 3.72% from Least Cost Method and less than 17.45% from Northwest Corner Method.
Keywords: Operation Research, Transportation Method, Railway System, VAM
GE 064
THE DIFFERENCES BETWEEN BARRIERS TO PHYSICAL ACTIVITY PARTICIPATION AND PHYSICAL ACTIVITY LEVELS AMONG MALAYSIAN WOMEN CIVIL SERVANTS
ROAYAAH BINTI ZAMBRI1, DR. NADIAH DIYANA TAN ABDULLAH2, DR. REZIAN-NA
MOHAMMED KASSIM3
1 Faculty of Sport Science and Recreation
Universiti Teknologi MARA (UiTM), Malaysia
2 Faculty of Sport Science and Recreation
Universiti Teknologi MARA (UiTM), Malaysia
3 Faculty of Sport Science and Recreation
Universiti Teknologi MARA (UiTM), Malaysia
ABSTRACT
This present study aimed to investigate the difference in barriers for physical activity
participation among Malaysian women civil servants within their physical activity levels. A
sample of 447 women civil servant aged from 18 to 59 years old completed a set of physical
activity questionnaire and their current levels of physical activity. The results showed that sixty-
eight percent of the women were classified as inactive women that indicated that majority were
not physically active enough to achieve positive health outcomes. Besides, the results also
revealed that there are significant differences between barriers to physical activity and physical
activity levels (F (4, 436) = 4.86, p = .00; Wilks’ Lambda = .74; partial eta squared = .07). Hence,
women in later stages exhibited that they had also perceived higher in resources and skills,
personal well-being, and cultures and religiosity barriers than women in earlier stages.
However, there were significant differences in mean barriers among those women according to
their physical activity levels. Through the identification of barriers between each physical
activity levels, better intervention programs may be implemented to enhance the participation
to physical activity among these women civil servant. This finding also provides a future insight
to better understand the physical activity behaviour among Malaysian women civil servants.
Keywords: barriers to physical activity participation, physical activity levels, women civil
servant.
GE 065
THE IMPACT OF BRAND LOYALTY ON BUYING BEHAVIOR OF WOMEN CONSUMERS FOR BEAUTY CARE PRODUCT: MALAYSIAN STUDY
NOR AZLINA KAMAROHIM, MANISAH OTHMAN (CO-AUTHOR), FARISYA NADIA IBRAHIM
Department of Management and Marketing,
Faculty of Economic and Management,
University Putra Malaysia
ABSTRACT
Consumer buying behavior is not a new concept in marketing environment but it is improving
day by day with changing ecology. Studying Consumer buying behavior is very important aspect
of marketing. Brand loyalty is an effect of end user conduct because it overstated by consumer’s
preferences. Committed consumers will constantly obtain commodity from their favored brand
name, despite the consequences of convenience or value. Brand loyalty assorted aspects were
been elected for study. The main idea is to study the impact of brand loyalty on buying behavior
of women consumer for beauty care products in Malaysia. The main intent of this research
paper is to study the buying behavior of consumer in relation to beauty products. Women
buying behaviors have been studied because women are the ones who are engaged in
purchasing beauty care products. This study using non-probability sampling and used
convenience sampling. Responses from respondents were gathered using quantitative
approach. The findings of this study indicate, quality and price are the two main parameters for
which women may switch from one brand to another brand. Brand image is the major cause,
which women choose while purchasing beauty product. This paper may help marketers to
formulate strategy to strengthen the company branding.
Keywords: Brand loyalty,Beauty care Product, Consumer Behavior
GE 067
A STUDY ON ECONOMIC AND SOCIAL BENEFITS OF SPECTATORS IN THE INTERNATIONAL SPORTING EVENTS AT HO CHI MINH CITY
THIEN TRI HUYNH Ton Duc Thang University
HUONG THU THI LE Chulalongkorn University
BANG CONG LE
Srinakharinwirot University
MUI VAN TRAN Hochiminh city Department of Culture and Sport
ABSTRACT
The general research problem was to measure the economic and social benefits to the community such as the motivations, expenditures and satisfactions of participation in sporting events. In addition, researchers also investigated the differences among demographic factors with these above issues. Finally, the relationships among these motivations and spectator’s satisfaction were measured. Subjects were 2,000 spectators/fans which approached to participate in the study. The selection of the participants was based on a continuum consisting of five kinds of international sporting events such as the football, futsal, volleyball, taekwondo and badminton at Ho Chi Minh City from 2013 – 2015. After collecting data, there was the positive relationship exists between spectators’ motivation and satisfaction. Therefore, throughout these findings in this study, especially the motivations which influenced people to each kind of events, organizers can set up the suitable events to be more attractive with spectators/ participants. In conclusions, in the professional sports, the number of spectators is a core factor to decide the success of each sporting event, so that, this study is the practical and meaningful scientific research to improve the Vietnamese sports movement.
Keywords: Economic and social benefits, Spectators, International sporting events.
GE 068
APPLICATION OF BUDDHISM ON HUMAN RESOURCE DEVELOPMENT: REFERENCE TO THE MAHA MANGALA SUTTA
PADMASIRI. M.KD Department of Human Resource Management Faculty of Commerce and Management Studies
University of Kelaniya Sri Lanka
ABSTRACT
Human Resource Development (HRD) is playing a major role in today’s business world to
enhance HR skills, attitudes and knowledge. HRD can be defined as a set of systematic &
planned activities designed by an organization to provide its member with opportunities to learn
necessary skills to meet current & future job demands. HRD scope has built on four major
functions such as career development, individual development, performance management and
organizational development. Purpose of this study was to find how can be applied principles in
Mahamangala Sutta to the sub component of individual development: development of skills,
knowledge and behaviour. Past research articles are rare in religious perspective which related
to the HRD discipline. Then the researcher has involved to filling this gap by focusing on one of
the most well-known suttas to explore its meanings with scope of HRD. Researcher depended on
Thripitaka (contains three "baskets" of teachings: a: Sutta Pitaka (pyxidium), Vinaya Piṭaka and
an Abhidharma Piṭaka) and other Buddhism books.
Mahamangala sutta explained thirty eight principles for individual development and this study
made a bridge from Buddhism to one side of the scope of HRD by identifying how those
principles categories under sub component in individual development at the organization level.
Application of principles in this selected sutta will create sound outcomes to the organization.
Because some practices which reveal in this sutta are currently practicing by organizations for
its success.
Keywords: HRD, Mahamangala Sutta, Individual Development, Skills, Knowledge, Behavior
GE 069
ECONOMIC IMPACTS OF THE INTERNATIONAL CLUBS TAEKWONDO CHAMPIONSHIP IN HO CHI MINH CITY
THIEN TRI HUYNH Ton Duc Thang University
HUONG THU THI LE Chulalongkorn University
THINH TRI HUYNH
Hochiminh city University of Sport
ABSTRACT
The purpose of this study was to determine the economic impacts on the economy of Ho Chi
Minh City (HCMC) that was hosting the 13th International Clubs Taekwondo Championship
including the Poomsae events held in the city between 7th and 9th of August, 2015. The result is
measured by the financial gain from spending of the organizers, team managers, coaches,
athletes, media, volunteers and the spectators. A systematic random sampling method was
used to determine the size (n) of the sample. Respondents were specifically asked to provide
information related to personal expenses during their visit to HCMC. The methodology consisted
of two different types of questionnaires: one for the spectators and one for the participants.
The target groups included organising officials (n=4), team managers/officials/coaches (n=44),
athletes (n=68), media (n=34), volunteers (n=28) and spectators (n=300). The total direct
economic impact for the championship was estimated at about one-third million $US dollars.
This additional economic activity would not have occurred for HCMC if the event had not taken
place. The study has suggested that there was a significant direct economic impact of around
one-third million $US dollars for HCMC. Understanding the financial value that an event created
for the host brings financial gain to that community. Therefore it was an attractive product
offered by the community. The organisers should look to bring other events to the city,
especially those where large numbers of visitors are expected to stay overnight in HCMC.
Naturally, the event then becomes a mutually benefit to the organizers as well as the host city.
Both have much to gain from a successful event.
Field of Research: Economic impacts and Taekwondo.
GE 071
FISCAL, MONETARY AND TRADE POLICIES. THE SIGNIFICANCE AND IMPACTS ON
FOREIGN DIRECT INVESTMENTS (FDI) IN DEVELOPING ECONOMIES
MORRIS CHINENYE NJIKA
LAB 312 Lord Ashcroft International Business School
Anglia Ruskin University
East Road, Cambridge, CB1 1PT, United Kingdom
ABSTRACT
In recent years, the world has witnessed an increase in the global integration of economies and
liberalization of trade therefore resulting in the tremendous escalation of foreign investments
around the world. In fact, almost every country of the world has experienced an increase in
globalization with regards to international trade and FDI (Kumar, 2003). This is because in
addition to cost and efficiency benefits to multinational companies, numerous research have
also attributed FDI to the positive driving of economic growth, facilitating economic
development, national income generating as well as employment provision (Nunnenkamp,
2004).
As a result of the ever increasing importance of FDI, several studies has been directed towards
finding a consensus in the determinants and impacts of FDI investments in the economy. This
study however, aims to investigate several developing country’s fiscal, monetary and trade
policies in order to determine their significance and impact on FDI in the host countries. In order
to grasp an insight into the topic of discussion it is important to highlight how these of the policy
measures acts as a catalyst in the promotion or otherwise influencing of FDI flows.
With regards to fiscal policies, governments can influence FDI flows by the use of fiscal policy
instruments such as methods of resource allocation, aggregate demand and extent of economic
activities (Göndör and Nistor, 2012). Therefore, FDI flows is affected by the government’s
control of certain macroeconomic variables such as fiscal incentives or disincentives as a result
of taxation. Examples of major fiscal measures by governments include tax exemptions, reliefs
on corporate taxation, tax deferrals, tax credits as well as allowances for certain activities
(Sauvant et al., 2014). On the other hand, monetary policies plays a vital role in the attraction of
FDI in the sense that it creates a more or less conducive economic environment through inflation
and exchange rate controls (Elly and Ojung’a, 2013). Finally, trade policies which is further
disaggregated into imports and exports policies influences FDI through restrictions on imports
and exports, tariff and non-tariff trade barriers, as well as regional trade agreements (OECD,
2006).
Keywords: FDI, Fiscal policy, Monetary Policy, Trade Policy
NEXT CONFERENCES
1ST INHAD INTERNATIONAL MUZAKARAH & MU'TAMAR ON HADITH 2015 (IMAM2015)
Conference Dates: 21st & 22nd December 2015 Venue: Melia Hotel, Kuala Lumpur, Malaysia
4TH GLOBAL SUMMIT ON EDUCATION (GSE 2016) Conference Dates: 14-15 March 2016
Venue: Kuala Lumpur, Malaysia
3RD INTERNATIONAL CONFERENCE ON ARABIC AND ISLAMIC STUDIES 2016 (ICASIC 2015)
Conference Dates: 14 -15 March 2016 Venue: Kuala Lumpur, Malaysia
