Open Access Original Research Article

Consumer Perceptions of Imported Apples Influence on Consumer Purchase Behaviors in China

Sun Jiajia, Huo Xuexi

Journal of Economics, Management and Trade, Page 135-146
DOI: 10.9734/BJEMT/2015/13057

The paper is to examine determines of imported apples consumer behaviors, and to interpretate comparative advantages between domestic and imported apples in China. It employs Structural Equation Model to estimate the effects of consumer perception on consumer behaviors, including imported apple price perception, attributes perception, advertising perception, quality perception and nutrition perception, using 400 survey data of imported apple consumers in China. The results indicate that consumer price perception plays negative roles on consumer behaviors, whereas consumer perception on attributes and quality, and consumer purchase evaluation, positively affect consumer behaviors.

 

Open Access Original Research Article

Game Theory: An Application to Tanners and ‘Pomo’ Wholesalers in Hides Marketing Competition in Nigeria

O. Yusuf, S. A. Sanni, J. G. Akpoko

Journal of Economics, Management and Trade, Page 147-152
DOI: 10.9734/BJEMT/2015/9963

Aim: To determine the level of competition between the tanners and ‘pomo’ wholesalers in hides marketing competition in Nigeria.

Study Design: The study is a survey, structure questionnaire was designed to elicit information from the tanners and ‘pomo’ wholesalers.

Place and Duration of Study: The study was conducted in Kano State where over 85% of tanneries in Nigeria are found. It is also the centre for hide purchase as ‘pomo’ by ‘pomo’ wholesalers. The research was conducted in 2011.

Methodology: ‘Two persons zero sum game’ was used in determining the level of competition between tanners and ‘pomo’ wholesalers. Most often, hypothetical data were used in game theory analysis. Agricultural economics is an applied social science, so, game theory was applied practically from a field survey to determine the level of competition between tanners and ‘pomo’ wholesalers in Nigeria. All the thirteen (13) functional tanneries and the thirty (30)  known ‘pomo’ wholesalers were used for the study, making a total of forty three (43) respondents.  Primary data were collected through the use of structured questionnaire.

Results: The result of the analysis revealed that market share of hides was 30% to 70% for tanners and ‘pomo’ wholesalers respectively. There was relatively low competition between tanners and ‘pomo’ wholesalers in Nigeria.

Conclusion:Pomo’ wholesalers had larger share of market in hides marketing competition.  There is significant difference in the quantity of hides purchased by tanners and that of ‘pomo’ wholesalers. It was recommended that livestock production should be supported by the various arms of government so that quality hides can be produced for tanning and ‘pomo’ consumption.

 

Open Access Original Research Article

An Exploratory Study of the Awareness and Accessibility of Microinsurance Products in Selected Insurance Companies in Lagos, Nigeria

Sunday Stephen Ajemunigbohun, Ademola Sulaiman Oreshile, Ayodele Samuel Iyun

Journal of Economics, Management and Trade, Page 153-163
DOI: 10.9734/BJEMT/2015/9553

Microinsurance is crucial for a developmental stride in Nigeria’s insurance industry. This research therefore presents an investigation of the awareness and accessibility of microinsurance products with selected insurance firms as research ground for its empiricality. Essentially, two hypotheses were tested. They are to determine whether: (i) Aggressive awareness drive towards microinsurance products has not been genuinely encouraged among insurance companies in Nigeria; and (ii) The accessibility of microinsurance products created by insurance companies have not significantly reflected in the lives of many insuring populace. The survey research design for this study was exploratory in nature. The study sample consisted of sixty (60) respondents from whom data were gathered through the use of an interview technique. A Kolmogorov-Smirnov technique was used for data analysis. The findings from the study revealed that awareness creation towards microinsurance products has been genuinely encouraged among insurance companies, while the accessibility has not yet reflected significantly in the lives of many insuring populace. The study thus recommends that adequate awareness, education and enlightenment programmes be introduced especially for low income earners. Also, Government should promote “financial literacy” through educational programmes using the mass media;Greater attention should be given to reducing operating cost and enhancing efficiencies amongst microinsurance service providers; and investment and continuous improvement in technology is highly essential for effective relationship management between customers and the insurance firms.

 

Open Access Original Research Article

Examining Gender and Management Decisions: A Focus Group Study on Gender and Decision Behavior in Donald Trump’s The Apprentice

D. Anthony Miles, Sharon Michael-Chadwell

Journal of Economics, Management and Trade, Page 195-205
DOI: 10.9734/BJEMT/2015/13307

Management decisions are a key factor in driving management’s control of valuable resources. The purpose of this study was to investigate the influence of gender and its role in termination decisions. This research is the result of a four-year study on management decisions on termination in Donald Trump’s The Apprentice. This crosstab analysis was conducted with three independent focus groups using The Apprentice. This study is a continuation of a pilot study conducted on The Apprentice [1]. For conducting the focus group studies, a two-phase protocol was implemented to examine the role of gender on termination decisions.  A sample of (N=299) participants were used for the focus groups. The participants viewed various episodes of The Apprentice and were administered a survey based on their observations and decisions. The research design used an independent sample t-Test, cross tabulation and ANOVA. The results indicate there were some significant gender differences with firing individuals based on viewing the television show. Between males and females, male participants’ mean and standard deviations were higher. Furthermore, the crosstabs analysis indicated a significant correlation between gender and termination decisions use.

 

Open Access Original Research Article

Empirical Investigation of the Net Operational Asset Levels Efficiency in Prediction of Future Stock Return

Mohammad Hassani, Fatemeh Fatehi

Journal of Economics, Management and Trade, Page 206-220
DOI: 10.9734/BJEMT/2015/12337

The general purpose of this research is studying the relationship between net operational assets (actual levels, expected and unexpected) and future stock return in Tehran Stock Exchange listed companies over the period 2008-2012. To test the research hypotheses, the multiple regression modules using Panel data methods were employed. Findings indicate that future stock return is a function of net operational assets; meaning that future stock returns can be predicted based on various levels of net operational assets. This relationship is significant and direct on both actual and expected levels of net operational assets, while at the same time; a significant and reverse relationship is present at the unexpected level of the net operational assets. Conclusively, as net operational assets at both actual and expected levels increase (decrease), future stock returns increase (decrease) as well; yet, as differences in levels of actual and expected net operational assets increase (decrease), future stock returns decrease (increase); in other words, an increase (decrease) in deviation of expected and actual levels of net operational assets, ends in a decrease (increase) in future stock returns.

 

Open Access Original Research Article

Exchange Rate and Economic Growth Nexus: Evidence from Bangladesh

Khairul Alom

Journal of Economics, Management and Trade, Page 221-232
DOI: 10.9734/BJEMT/2015/13133

In the paper a close look at exchange rate and economic growth nexus in Bangladesh for a period of 1985-2012 using time series analysis, considering Exchange Rate, FDI, Trade Openness, and Portfolio Equity as explanatory variables and linkage with GDP. We employed Johansen-Juselius cointegration test, multivariate Granger Causality and ADF and PP stationary tests for this purpose. All the variables were found stationary after first differencing both with trend & intercept and no trend. The empirical result shows explanatory variables have significant impact on economic growth in Bangladesh. We also found unidirectional causality, exchange rate to GDP per capita, exchange rate to trade openness and trade openness to GDP per capita in short run. The accumulated response of GDP per capita to exchange rate (ER) and trade openness is positive and significant. So, policy makers in Bangladesh should pay special attention to these areas in order to support economic growth rates.

 

Open Access Original Research Article

The Effect of Integrity of Product Image and Perfectionism Personality of Consumer on Purchase Intentions

Ying Xu, Xiaofu Pan, Dandan Liu, Zhaojing Wang

Journal of Economics, Management and Trade, Page 233-244
DOI: 10.9734/BJEMT/2015/13524

This study employed the 2×2 mixed experimental design to explore the effect of integrity of product image and perfectionism of consumer on purchase intentions. The result indicated that the integrity of products had significant positive effect on purchase intention of consumers. The perfection of product image is more readily consumed than imperfection of product image and consumers are willing to spend more money to buy perfection of product image of the same quantity. The perfectionism of consumers had non-significant impact on their purchase intentions. But the integrity of product image and perfectionism personality have significant positive interaction effect on purchase intention. Consumers of higher perfectionism, compared with those of lower perfectionism, tend to have higher requirement on the integrity of product image.

 

Open Access Short Research Articles

The Relationship between Electricity Consumption, Employment Rate, Inflation and Economic Growth in Five Developing Countries

Nagia Abbas, Sidra Saeed, Sobia Manzoor, Muhammad Usman Arshad, Umair Bilal

Journal of Economics, Management and Trade, Page 164-171
DOI: 10.9734/BJEMT/2015/10569

This paper explores the relationship between electricity consumption, employment rate, Inflation and economic growth in the developing countries. This study incorporates the data of 5 developing countries namely Pakistan, China, India, South Africa and Malaysia over the period 1990 to 2012 and analysis has been made by employing the method of random Generalized Least Square (GLS) model. Hausman specification test and random effect model is used in this paper. The result reveals that Electricity consumption is highly significant in developing countries. The insignificant relationship find between inflation and electricity consumption during this time span (1990-2012) means inflation has no direct impact on economic growth of developing countries. So this study proves that employment rate and electricity consumption are the main variables that shows the positive impact and inflation has no direct impact on economic growth of developing countries. Developing Governments should adopt different policies namely sustainable electricity development and utilization of land and resources, for electricity production to meet its consumption appropriately which leads to boost employment rate in economy that ultimately improves the economic growth in developing countries. Developing Governments also take some measures namely monetary measures, fiscal measures, increase in production measures, proper commercial policies and encouragement to savings are important in order to control the inflation at its minimum level for the betterment of developing economies as a whole.

 

Open Access Review Article

Importance of Technical and Fundamental Analysis in the Foreign Exchange Market

Engr K. O. Kadiri, O. A. Alabi

Journal of Economics, Management and Trade, Page 181-194
DOI: 10.9734/BJEMT/2015/10735

This paper presents review of technical and fundamental analysis as influenced by global foreign exchange across all trading sessions in Meta bank trading server. The broker provide trading platforms suitable for potential investors where trading activities connect traders all over the globe for e-exchange of currencies over short or long time frames. The trading platform is characterized into chartist, line and bar which represent currency symbols and trends of price pattern across the globe. Technical and fundamental analysis was employed for currencies exchange. The major sessions (US, London, Asian and Pacific) therefore US and London sessions were taken into consideration as major impacts in trading activities. Results confirmed that most traders use both forecasting approaches while minority relies on both chartist technical analysis and fundamental analysis. Financial journalists put more emphasis on fundamental analysis as the key factor that overrides other training instruments. Two distinct traders are identified by research, intraday and inter-day traders. The overall impacts attached to fundamental and technical analysis vary across different trading sessions. Foreign exchange traders mentioned a series of psychological motives and consequences of the use of Chartism of market previous histories. The major concept that the research emphasized is on trading tools (MACD, Moving Average, Price Partherns, Trend Line, Price Actions and Volitilies) for technical analysis and financial journalist forecast in support of fundamental analysis (news events). Therefore, it is recommended that traders should follow fundamental and technical analysis simultaneously to achieve successful trading carrier.

 

Open Access Case Reports / Case Studies

FDI and Efficiency Convergence, the Case of Vietnamese Manufacturing Industry

Nguyen Khac Minh, Nguyen Viet Hung, Ha Quynh Hoa, Pham Van Khanh

Journal of Economics, Management and Trade, Page 172-180
DOI: 10.9734/BJEMT/2015/12687

Aims: The scope of this study is twofold. We aim to test efficiency convergence hypothesis among firms in Vietnamese manufacturing industry, and to analyze the influence of foreign direct investment (FDI) on efficiency and efficiency convergence.

Study Design: Case study

Place and Duration of Study: Technical efficiency measures are derived for a sample of Vietnamese manufacturing firms during 2000-2012

Methodology: nonparametric data envelopment analysis (DEA). The approach to find the impacts of FDI on efficiency and efficiency convergence through horizontal and vertical spillover effects is to construct the linkages from dynamic input - output tables. The way to test unconditional convergence in the two technical efficiency measures from DEA is used the regression in the form of the Barro equation. The same approach is employed in order to test the influence of FDI as conditioning factor over firms’ efficiency.

Results: We find the evidence that increase foreign presence within an industry rises the speed of convergence, and impact of FDI on efficiency and efficiency convergence through channels and time are quite different.

Conclusion: The existence and the nature of the effect of FDI on firms’ efficiency and efficiency convergence at firms levels in the sub- industries: (1) There were impact of FDI on domestic firms’ efficiency score and convergence at a firm level; (2) The presence of FDI increased the speed of efficiency convergence in domestically owned firms.