ZARSMIManagement Studies and Economic Systems2408-95831420150401Problems of Corporate Social Responsibility in Sugarcane Value Chain in Utter Pradesh: An Analysis through Integrated Model of CSR2072128801ENShamim AhmadDepartmenr of Agricultural Economics and Business Management, Aligarh Muslim University, Uttar Pradesh, IndiaAbuzar NomaniDepartment of Agricultural Economics and Business Management, Aligarh Muslim University, Uttar Pradesh, IndiaJournal Article20150327Corporate social responsibility is a concept whereby companies integrate social and environmental concerns in their business activities and interactions with their stakeholders on a voluntary basis. In this global context, voluntary social and environmental practices of business which go beyond companies’ existing legal obligations play a major role in filling the governance gap in an innovative way. The sector is characterized by controls across the entire value-chain of sugar production and sale, which not only hampers its efficiency but also exacerbates the cyclicality in sugar and sugarcane production. The growth and development in sugar sector in the country in general and in the state of Uttar Pradesh in particular has multiple linkages with social, economic and environmental issues. The purpose of this study is to conduct a triple bottom line assessment of sugarcane value chain and suggest alternatives that could improve the current sustainable practices of CSR across various stakeholders.ZARSMIManagement Studies and Economic Systems2408-95831420150401The Impact of Full Convertibility of the Dinar on the Macro-Economic Situation in Tunisia2132288802ENManel Ben AyecheFaculty of Economic Sciences and Management of Sousse, University of Sousse, TunisiaAbdelkader DerbaliHigher Institute of Management of Sousse, University of Sousse, TunisiaJournal Article20150327Convertibility is an important factor in international trade where instruments valued in different currencies will be exchanged. Convertibility can be either total manner or a partial manner. However, whatever the type of convertibility, there will be advantages and disadvantages to the economy of a country of which has made a convertibility of its national currency. Convertibility was studied by means of the causal relationship between the exchange rate and the level of domestic inflation. Our research is devoted to the study of the impact of full convertibility on the macro economic situation in Tunisia. In this study a VAR model is used to test the dynamic relationship between the nominal effective exchange rate and the inflation rate. The present study is based on monthly data for a period of 13 years (2000-2012). Three endogenous variables and three exogenous variables are used. The results indicated that the existence of a bidirectional relationship between the nominal effective exchange rate and the inflation rate. This relationship reflects the impact of the convertibility of the Dinar on the macro-economic situation in Tunisia.ZARSMIManagement Studies and Economic Systems2408-95831420150401A Unique Investigation of Knowledge Transfer Practices within the Muslim Business Community in Edinburgh2292468803ENMichael FasciaCollege of Medicine, School of Clinical Science, University of Edinburgh, Scotland, UKJournal Article20150327The aim of this research was to understand the dynamisms relating to knowledge transfer processes and practices, which exist within a business community in Edinburgh Scotland. The methodology used within this study was a uniquedesign methodology to include 20 in-depth interviews with participants from four local organizations. The sample group consisted of males aged between 20 and 70. The sample was selected to include people with different levels of management experiences. Data were analyzed using framework analysis but interpreted using a unique and multifaceted lens (POPC). Results indicated that knowledge transfer practices within this participant group are derived by continuous identification and filling of knowledge gaps from the participants’ real world view. Definitions of knowledge and barriers to transfer have no justification for existence within this sphere of individual or collective perspective. Definition of a standard knowledge transfer practice within the participant group was inconclusive, if reflected from modern organizational theory. Transfer of knowledge was enacted using unfamiliar network collaborations and previously undocumented knowledge frameworks. Knowledge transfer stakeholders, gatekeepers and participants of all levels should be encouraged to understand and appreciate alternative aspects of management theory. This could align business methods currently enacted within the groups and businesses studied. Further study could then reconsider the complex relationship between social group dynamics and organizational efficiency as an individual topic. ZARSMIManagement Studies and Economic Systems2408-95831420150401Long-Run and Short-Run Causality between Stock Price and Gold Price: Evidence of VECM Analysis from India2472568804ENKarunanithy BanumathyDepartment of Commerce, Kanchi Mamunivar Center for Postgraduate Studies, (Autonomous “A” Grade Centre with Potential for Excellence by UGC),
Lawspet, Puducherry, IndiaRamachandran AzhagaiahDepartment of Commerce, Kanchi Mamunivar Center for Postgraduate Studies, (Autonomous “A” Grade Centre with Potential for Excellence by UGC)
Lawspet, Puducherry, IndiaJournal Article20150327The prime objective of the study is to identify the long-run and short-run relationship between Indian stock price viz., BSE SENSEX (hereafter named as BSE) and gold price (GOLD) in India. The daily closing price data were collected for the period of ten years ranging from 1<sup>st</sup> April 2004 to 31<sup>st</sup> March 2014 with 2490 observations. The study employed two models: Model one used GOLD as dependent variable and BSE as independent variable and the other model is vice versa. First, the stationarity of the data is checked through Augmented Dickey Fuller test, and then Johansen cointegration test and Vector error correction model (VECM) are employed for analysis. Using Augmented Dickey Fuller test, it was found that the series are not stationary at level, but the same becomes stationary at first differencing. The results of Johansen cointegration test revealed that Indian stock market (SENSEX) is significantly and positively cointegrated with the gold price (GOLD) which leads the way to run the VECM. The results from the VECM (in model one) provides evidence for the existence of long-run relationship between BSE and GOLD, while there is no short run causal relationship running from BSE and GOLD. On the other hand, there is no long-run as well as short-run relationship between the two variables (in model two).ZARSMIManagement Studies and Economic Systems2408-95831420150401Customer Orientation and Business Performance of Financial Institution: A Case Study of Eastern Hararghe Commercial Bank of Ethiopia2572658812ENRobson MekonninDepartment of Management, College of Business and Economics, Haramaya University, Dire Dawa, Ethiopia0000-0002-2259-0019Journal Article20150327The main objective of the paper is to investigate customer treatment, financial efficiency and supporting customer services with modern banking technology in financial institutions. The customer orientation and business performance of financial institutions targets customer services to maintain long term mutual relationships. The findings of the study has direct practical relevance for the banking institutions. Currently, Commercial Bank of Ethiopia dominates the private commercial banks in terms of having millions of customers and hundreds of branches throughout the country. The result of the study also indicates customer orientation has assisted the bank to improve its customers need, even though competeing with private commercial banks with different banking strategies is proved to be a challenge to commercial bank of Ethiopia. Additionally, customer orientation is crucial for financial institutions like banking sector since their business income is generated from service rendering to customers. This study will provide new insights in approach to customer orientation in the financial sector of the bank. The study results are beneficial towards enhancing the quality of customer services of the banking sector.ZARSMIManagement Studies and Economic Systems2408-95831420150401Higher Education in Sylhet International University: A Study on Students’ Enrollment Behavior2672768813ENSultan Mohammed Saief Uddin AhmedDepartment of Business Administration,
Sylhet International University, Sylhet, BangladeshJournal Article20150327This paper investigates the enrollment behavior of the students of Sylhet International University (SIU), a private university in Bangladesh. The researcher conducted reliability test, descriptive analysis, and chi-square tests and identified a number of key findings as to the enrollment behavior of students through collecting data from a sample of 584 students of SIU. The research shows that the students mostly prefer BBA program followed by LL.B. In the Faculty of Science and Engineering, B.Sc in Computer Science and Engineering gets the highest preference. In Post Graduate level MBA and LL.M programs are the preferred subjects. The most important factor for the students of SIU during admission is the quality of teaching, followed by location of the university, lower tuition fees, hostel facility and course system. Finally, students of SIU are highly satisfied with the image of their university, tuition fees, hostel facility, full time faculty members and quality of teaching. Students are not highly satisfied with the overall performance of their university.