Open Access Original Research Article

Employees Perception about HRM Practices in the Selected Retail Shops in Bangladesh

Md. Atiqur Rahman Sarker, Rumana Afroze

Journal of Economics, Management and Trade, Page 1-9
DOI: 10.9734/BJEMT/2015/19389

Retail business in metropolitan cities of Bangladesh is playing a significant role in community life. It is offering good number of employment at present, and this sector is booming due to huge business demand. Therefore, competition also rises in this sector. In order to retain good business position, practice of Human Resource Management (HRM) is getting more importance at present time. This study identifies existing HRM practices in retail shops in Bangladesh, and recommends its importance. Data for this study has been collected through four Focus Group Discussions (FGDs) where total 125 retail workers and managers have been participated. This study identifies some employment related disputes and problems in retail sector. Some recommendations are made at the end to make the work practices more efficient.

Open Access Original Research Article

Analyzing the Relationship between Economic Freedom and Economic Growth: The Case Study of South-West Asian Countries

Yousof Mehnatfar, Mohmamadreza Zare, Seyed Mohsen Hossini

Journal of Economics, Management and Trade, Page 1-9
DOI: 10.9734/BJEMT/2015/7852

Aims: The main propose of this paper is analyzing the impact of economic freedom on growth in South West Asian countries using the panel data.

Place and Duration of Study: This study uses the panel data from 2000 to 2011 for 24 South West Asian countries economic freedom measurements are taken from The Heritage Foundation, reported in 2012. And all other statistics are taken from International Financial Statistics 2011 published by the International Monetary Fund and from world development indicators (WDI) 2012.

Methodology: The study employs econometric technique like Auto Regressive Distributive Lag (ARDL) Model to investigate the long run relationship between concerned variables.

Results: The analysis shows that the level of economic freedom robustly, positively and significantly affects the GDP per capita of the south west Asian countries; the impact of two control variables openness and foreign direct investment on growth of the south west Asian countries are also positive and statistically significant.

Open Access Original Research Article

Leasing, Alternative Source of Financing for Small & Medium Enterprises (SMES) in Ghana

Forkuoh Solomon Kwarteng, Yao Li

Journal of Economics, Management and Trade, Page 1-9
DOI: 10.9734/BJEMT/2015/19668

Inadequate funding has been cited as one of the major challenges limiting the performance of most SMEs, from both developed and developing countries alike. Several researches conducted on SMEs access to finance shows massive dependents on loans. Whiles an alternative sources such as leasing and factoring are underutilization. Based on the case in Ghana, this paper emphasizes the importance of leasing as an alternative cheaper way of financing SMEs. In furtherance, this paper examines the dynamics of SME leasing in the form of survey and how SME leasing can be improved through state interventions and other finance enhancement techniques for the betterment of SMEs financing. Survey conducted among some selected SMEs and leasing companies in Ghana were used as the benchmark for leasing as an alternative source of funding for SMEs. The results showed that, there is, in general, a strong correlation among the various dynamic factors of leasing in terms of financing options available to SMEs. The leasing sources also exhibited, to a very large extent, dependence among each other.

Open Access Original Research Article

The Effect of Corporate Social Responsibility on Pride in Membership, Job Satisfaction and Employee Engagement

Ayse Kucuk Yilmaz, Imran Ali, Triant Flouris

Journal of Economics, Management and Trade, Page 1-12
DOI: 10.9734/BJEMT/2015/19022

The current study examines the role of corporate social responsibility (CSR) in developing a sense of pride in membership, job satisfaction and engagement among employees. The study used data collected through self-administered structured survey questionnaire from 487 employees from the cellular industry in Pakistan. The study used structural equation model (SEM) technique to analyze data and test proposed hypotheses. The study confirms the proposition of ‘social identity theory’ and ‘stakeholder’s engagement’ theory. The study noted positive associations between employees perceived CSR, pride in membership, job satisfaction on employee engagement. The study concludes that higher level of employees pride in organizational membership can be developed through employee CSR associations and participation. Higher level of pride in membership results in high job satisfaction and engagement behavior among employees. There is sparse research available that integrates employee perceived CSR, pride membership with employee job satisfaction and engagement. The study provides useful policy implications to corporate managers to communicate CSR activities to employees effectively and involve employees in CSR activities in order to increase their job satisfaction and engagement level.

Open Access Original Research Article

Estimating Potential Output for Pakistan: A Production Function Approach

Farzana Shaheen, Azad Haider, Sunila Jabeen, Muhammad Iftikhar ul Husnain

Journal of Economics, Management and Trade, Page 1-13
DOI: 10.9734/BJEMT/2015/19814

Measures of potential output and the output gap are useful to help identify the scope for sustainable non-inflationary growth and to allow for an assessment of the stance of macroeconomic policies. In this paper, we apply the aggregate production function to estimate the path of potential output over the sample period 1973-74 to 2007-08. Time-varying Non- Accelerating Inflation Rate of Unemployment (NAIRU) is used to derive the amount of potential labour and perpetual inventory method to measure capital stock to account for the productive impact of capital. In addition, trend total factor productivity is estimated. The results show that Pakistan was growing above its potential output from 2003-04 to 2006-07 and in 2007-08 potential output was above actual output. This observation is also consistent with the behavior of NAIRU in which NAIRU declined from 2004-05 to 2007-08 from 8.12 percent to 6.17 percent. Actual employment was above potential employment from 2002-03 to 2007-08. These results provide some evidence that Pakistan’s economy was facing excess demand from 2003-04 to 2006-07 and in 2007-08 the situation is opposite and in a labor-surplus economy there is need for more labor-intensive techniques of production to avoid the possibility of jobless growth.

Open Access Original Research Article

SMEs Growth Influencers: An Exploratory Study on the Impact of Entrepreneur Character Traits on SMEs Growth in Ghana

Forkuoh Solomon Kwarteng, Yao Li

Journal of Economics, Management and Trade, Page 1-14
DOI: 10.9734/BJEMT/2015/19670

Small and Medium Enterprises (SME) play vital roles in the economic growth, employment generating, and poverty reduction in both developed and developing countries. An improvement in the sector will therefore have positive impact on the lives of the people. Several factors may lead to the improvement and growth in SMEs, but the concentration of this research work, was to find out the impact of the characteristics of an entrepreneur on the SMEs growth in some selected Regions of Ghana. It also explains why there exist disparities in the performance of entrepreneurs in the sector.

The study used questionnaires, interviews and observation in data collection among 500 sampled entrepreneurs in selected Regions of Ghana. The data was analyzed by employing statistical tools such as factor analysis, correlation analysis and subsequently ordinal regression model was fit to the data to reflect the objectives of the study.

The results showed that, there were generally a weak positive correlations between SMEs growth and factors such as innovation, team building and competitive aggressiveness of entrepreneurs. However, there was a moderate negative correlations between SMEs growth and the need to achieve as well as calculated risk taken. Moreover, all the five factors; innovation, need to achieve, calculated risk, team building and competitive aggressiveness of SMEs were statistically significant in the model. Therefore these factors are all relevant characteristics which contribute to the growth of SME firms.

Open Access Original Research Article

Foreign Direct Investment and Accumulation of the Technological Capital in Developing Countries: Interdependence and Causality in the Case of Tunisia

Samir Saidi, Sami Hammami

Journal of Economics, Management and Trade, Page 1-10
DOI: 10.9734/BJEMT/2015/15651

The interest of this paper is mainly to highlight the impact of FDI on the long-term growth while centralizing the analysis on the concept of positive externalities or spillovers. In the same order of ideas, we will discuss the role of FDI on the Tunisian economic growth. We want to emphasize the contribution of these investments in the accumulation of technological capital in Tunisia and thereafter in the economic growth.

To verify the role of FDI to accumulate the technological capital in Tunisia, we have constructed an econometric model. On the explained side, we have the technological capital represented by the total number of patents deposed by Tunisian inventors. On the explanatory side, we have introduced a sample of economic variables, largely used in the previous works. To treat the data which tend on 38 years from 1975 to 2012, we have used the software Eviews 7. The obtained results allow us to say that, despite the efforts exerted by Tunisia to attract FDI having the power to enhance the local technological capital, the quality of these investments and the nature of MNC implementation does not significantly affect the quality of Tunisian technological capital except a few sectors where the positive impact of FDI is still marginal.