Current Issue : July - September Volume : 2013 Issue Number : 3 Articles : 4 Articles
Since the rise of the knowledgebased economy,\r\nmany worldwide companies have begun to deal with\r\ndifferent frameworks to manage and evaluate the\r\nperformanceofintellectualcapital,especiallyintheareaof\r\nknowledge management services. This paper presents a\r\nnovelconceptualmodelaimingtosupportmanagementin\r\nevaluating and prioritizing their intellectual capital\r\ncompetitive core competences. Based on the analytic\r\nhierarchy process, the model analyses interdependences\r\namong intellectual capital elements and determines the\r\nimpactsofcorecompetencesonorganizationalperformance.\r\nTo validate the model, it is empirically applied in the\r\nTechnologyTransferUnitoftheItaliannationalagencyfor\r\nnewtechnologies,energyandeconomicdevelopment....
This study examines the impact of the real exchange rate volatility on the level and volatility of\r\nUganda�s bilateral trade flows with several major trade partners. The study uses secondary data\r\nin a two-way bilateral trade flow basis between Uganda and seven of her major trading partners.\r\nPanel data methods are used in the analysis. The exchange rate used in the panel analysis is the\r\ncurrency rate between the US dollar and Ugandan Shilling. We use GARCH(1,1) to develop\r\nmeasures of volatility for the real exchange rate and bilateral trade flows. The results show that\r\nreal exchange rate volatility has a negative and significant effect on the level of Uganda�s\r\nbilateral trade flows. The results also show that real exchange rate volatility has a positive and\r\nsignificant effect on the volatility of bilateral trade flows. Thus, it can be seen that prudential\r\nmanagement of the real exchange rate is very crucial for trade promotion and macroeconomic\r\nstability....
The objective of this paper is to elucidate empirically the relationship between technology transfer, productivity growth and integration of the Tunisian economy emphasizing the issued technology on the one hand and the absorptive capacity of Tunisia, on the other. Indeed, technology transfer is far from being a simple and automatic process. To do this we have mobilized an original database providing data from technology- sending countries (OECD) to developing ones (MENA) for eleven years. The results achieved show significant causal relationship between technology acquired, the increase of the TPF level on the one hand and the integration degree of Tunisia expressed by its opening rate on the EU market on the other hand. Nevertheless, the relationship between technology transferred and integration is far from being direct and systematic, it depends largely on absorptive capacity of the host country. We have also highlighted the opportunity offered to Tunisia to achieve its objectives of integration in the European and world market while indicating that Tunisia is not taking enough advantages from its proximity to Europe to increase exports and attract FDI which are far from being interesting for the moment....
To explain the ex-day stock price behaviour, previous research has mostly focused on\r\ndividend yield and expected return. Most of these studies concentrated on the US markets and\r\nwere conducted in a stable economic condition. This paper examines the most liquid common\r\nstock (blue-chip) prices behaviour on the ex-day in a period of financial crisis and covers four\r\nmajor capital markets from different geographic locations (the US, the UK, Japan, and China).\r\nOn the New York and Shanghai Stock Exchanges, we observe that the stock prices drop does\r\nnot differ from the dividend amount on the ex-dividend day and there is no evidence of\r\nabnormal return and short-term trading. On the Tokyo Stock Exchange, the stock prices fall\r\nless than the dividend amount, which is in contrast to the London Stock Exchange, where the\r\nstock prices fall more than the dividend amount. On the Tokyo and London Stock Exchanges,\r\nwe observe abnormal return and short-term trading around the ex-day. Possible explanations\r\nfor these differences can be financial crisis (in the UK) and short-term trading (in the Japan)....
Loading....