Studies in Business and Economics No

Home , Sibiu

Studies in Business and Economics no. 12(1)/2017

LUCIAN BLAGA UNIVERSITY OF SIBIU

STUDIES IN BUSINESS AND ECONOMICS

Vol. 12, Issue 1, April 2017

SIBIU

- 1 - Studies in Business and Economics no. 12(1)/2017

Studies in Business and Economics

Editors-in-Chief: Claudia OGREAN, Lucian Blaga University of Sibiu Mihaela HERCIU, Lucian Blaga University of Sibiu

Advisory Board: Lucian Liviu ALBU, Institute for Economic Forecasting, Romania Camille ASSAF, Centre d`etudes des marches et de la distribution au Moyen-Orient Marijan CINGULA, University of Zagreb, Croatia Filip DE BEULE, KU Leuven University, Belgium Daniel DIAZ-FUENTES, Universidad de Cantabria, Santander, Spain Anya DIEKMANN, Universite Libre de Bruxelles, Belgium Monica DUDIAN, Academy of Economic Studies, Romania Alexandra HOROBEŢ, Academy of Economic Studies, Romania Marioara IORDAN, Institute for Economic Forecasting, Romania Kosta JOSIFIDIS, University of Novi Sad, Serbia Anca METIU, ESSEC Business School, France Malgorzata OKREGLICKA, Faculty of Management, Czestochowa University of Technology, Poland Ramona ORĂȘTEAN, Lucian Blaga University of Sibiu, Romania Dan POPESCU, Lucian Blaga University of Sibiu, Romania Greg RICHARDS, University Tilburg, Holland Ruth RIOS-MORALES, University of Applied Sciences, Switzerland Ilie ROTARIU, Lucian Blaga University of Sibiu, Romania Raluca SAVA, Lucian Blaga University of Sibiu, Romania Victoria SEITZ, California State University, USA Aleksandar Asenov SHIVAROV, Varna University of Economics, Bulgary Georgi Marinov ZELENKOV, Varna University of Economics, Bulgary Wei-Bin ZHANG, Ritsumeikan Asia Pacific University, Japan

DE GRUYTER OPEN “Lucian Blaga” University Publishing House Sibiu, April 2017, No. 12 (1) http://www.degruyter.com/view/j/sbe http://eccsf.ulbsibiu.ro / [email protected]

ISSN: 1842 – 4120 e-ISSN: 2344-5416

Indexed in: Baidu Scholar ERIH PLUS RePEc Cabell's Directory Google Scholar Sherpa/RoMEO CNKI Scholar Index Copernicus Summon (Serials CNPIEC J-Gate Solutions/ProQuest) DOAJ JournalTOCs TDOne (TDNet) EBSCO Primo Central Ulrich's EconLit ReadCube WorldCat (OCLC)

This journal is a member of, and subscribes to the principles of, the Committee on Publication Ethics (COPE) www.publicationethics.org

- 2 - Studies in Business and Economics no. 12(1)/2017

CONTENTS

AZMAN Ismail PERFORMANCE-BASED REWARD MOHD RIDWAN Abd Razak ADMINISTRATION ENHANCING 5 EMPLOYEES’ FEELINGS OF INTERACTIONAL JUSTICE BOSUPENG Mpho WHISTLE BLOWING: WHAT DO CONTEMPORARY ETHICAL THEORIES 19 SAY? BUDIONO Gatut L. STRATEGIC BUSINESS ESPIONAGE: AN SAWITRI Ni Nyoman ETHICS AND BUSINESS PRACTICES TO 29 GAIN OPPORTUNITY OR COMMUNITY PROBLEMS EL AMRI Henda ARE THERE CAUSAL RELATIONSHIPS HAMZA Taher BETWEEN ISLAMIC VERSUS 40 CONVENTIONAL EQUITY INDICES? INTERNATIONAL EVIDENCE GIRI A. K. THE IMPACT OF MACROECONOMIC JOSHI Pooja INDICATORS ON INDIAN STOCK 61 PRICES: AN EMPIRICAL ANALYSIS HERCIU Mihaela DRIVERS OF FIRM PERFORMANCE: EXPLORING QUANTITATIVE AND 79 QUALITATIVE APPROACHES ISLAM Mohammad Saiful THE DIMENSIONS AFFECTING PATTAK Dulal Chandra INVESTMENT RESULTING STABILIZED ECONOMIC GROWTH IN BANGLADESH: 85 PERCEPTION ANALYSIS OF INVESTORS AND BANKERS KUMAR Satish A REVIEW ON THE EVOLUTION OF 95 CALENDAR ANOMALIES LAWAL Adedoyin Isola FRAUD AND BUSINESS CYCLE: AMOGU Ezinne Olufadesola EMPIRICAL EVIDENCE FROM 110 ADEOTI Johnson Olabode FRAUDSTERS AND FRAUD MANAGERS IJAIYA Muftau Adeniyi IN NIGERIA MAWANGA Freddie Festo INVESTIGATING A RANDOM WALK IN AIR CARGO EXPORTS OF FRESH AGRICULTURAL PRODUCTS: 129 EVIDENCE FROM A DEVELOPING COUNTRY

- 3 - Studies in Business and Economics no. 12(1)/2017

OGREAN Claudia THE DIRECTIVE 2014/95/EU – IS THERE A “NEW” BEGINNING FOR CSR IN 141 ROMANIA? PUDARUTH Sharmila UNDERSTANDING THE ECOLOGICAL JUWAHEER Thanika Devi ADOPTION OF SOLAR WATER 148 KOODRUTH UmmeYusra HEATERS AMONG CUSTOMERS OF ISLAND ECONOMIES RAUF Abdur FISCAL DECENTRALIZATION AND KHAN Amara Akram DELIVERY OF PUBLIC SERVICES: ALI Sher EVIDENCE FROM EDUCATION SECTOR 174 QURESHI Ghulam Yahya IN PAKISTAN AHMAD Dilshad ANWAR Numera SHARMA Anand DYNAMIC EXTERNALITIES AND REGIONAL MANUFACTURING 185 GROWTH: EVIDENCE FROM INDIA SINGHAL Shelly EMERGENCE OF COMMODITY DERIVATIVES AS DEFENSIVE INSTRUMENT IN PORTFOLIO RISK 202 HEDGING: A CASE OF INDIAN COMMODITY MARKETS

This journal is a member of, and subscribes to the principles of, the Committee on Publication Ethics (COPE) www.publicationethics.org

- 4 -