Journal of Economic and Social Development (JESD), Vol. 1, No. 1, 2014 Selected Papers from 2nd International Scientific Conference on Economic and Social Development Paris, France, April 5, 2013 Editor Marijan Cingula, University of Zagreb, Faculty of Economics and Business, Zagreb, Croatia Co-editors Davor Filipovic, University of Zagreb, Faculty of Economics and Business, Zagreb, Croatia Fran Galetic, University of Zagreb, Faculty of Economics and Business, Zagreb, Croatia Members of the International Editorial Boad Ayuba A. Aminu, University of Maiduguri, Department of Management, Faculty of Management Sciences, Maiduguri, Nigeria; Lidija Bagaric, University of Rijeka, Faculty of Tourism and Hospitality Management, Opatija, Croatia; Leonid K. Bobrov, Novosibirsk State University of Economics and Management, Novosibirsk, Russia; Ivica Filipovic, University of Split, University Center for the Vocational Studies, Split, Croatia; Miryam de la Concepción González-Rabanal, National Distance Education University (UNED), Faculty of Economics and Business Administration, Madrid, Spain; Irena Jankovic, Belgrade University, Faculty of Economics, Belgrade, Serbia; Hacer Simay Karaalp, Pamukkale University, Faculty of Economics and Administraive Sciences, Denizli, Turkey; Dafna Kariv, School of Business Administration, Department of Strategy and Entrepreneurship - Center of Entrepreneurship, Rishon Lezion, Israel; Kaarel Kilvits, Tallinn University of Technology, School of Economics and Business, Tallinn, Estonia; Marina Klacmer Calopa, University of Zagreb, Faculty of Organization and Informatics, Varazdin, Croatia; Robert A. Lewis, Les Roches Gruyère University of Applied Sciences, Switzerland; Francesca Mandanici, University of L'Aquila, Coppito, L’Aquila, Italia; Marjana Merkac Skok, Faculty of Commercial and Business Sciences, Celje, Slovenia; Claudia Ogrean, Lucian Blaga University of Sibiu, Sibiu, Romania; Nikolai Ostapenko, University of the District of Columbia, Washington, D.C.,USA; Vojko Potocan, University of Maribor, Faculty of Economics and Business, Maribor, Slovenia; Kerry J. Redican, Virginia Tech University, Department of Population Health Sciences, Blacksburg, Virginia, USA; Souhaila Abdullah Saieed, Al Zaytoonah University, Amman, Jordan; Armando Javier Sánchez Díaz, University of Sinaloa, Sinaloa, Mexico; Olga Sirotina, Novosibirsk State University of Economics and Management, Novosibirsk, Russia; Aziz Sunje, School of Economics and Business, University of Sarajevo, Sarajevo, Bosnia and Herzegovina; Ante Vuletic, University of Zagreb, Faculty of Economics and Business, Zagreb, Croatia Journal of Economic and Social Development (JESD) publishes scientific papers in the field of Economics and Social Development. The Journal is published two times a year. Online journal is open access and peer- reviewed. Authors are responible for the linguistic and technical accuracy of their contributions. Indexing/abstracting: Journal is regularly indexed and abstracted by ProQuest database. It is available in a PDF format from the Economic and Social Development conference website: http://www.esd-conference.com. Publisher Varazdin Development and Entrepreneurship Agency, Mihanoviceva 4, Varazdin, Croatia © Varazdin Development and Entrepreneurship Agency, Varazdin, Croatia. All rights reserved. ISSN 1849-3327 UDC 33:316 EDITORIAL Economic and social development is in the focus of interest of every contemporary society: equally in developed countries and also in countries which are still going in that direction. Therefore, it is not unusual that conferences dedicated to economic and social development cause attention of numerous researchers across the world. Since majority of researchers come from academic community, their interest is to publish papers in journals important for their profession and scientific discipline. Organizers of conferences on economic and social development aim to help all collaborators in the development of their scientific projects, and especially in the dissemination of their research results. That was the main reason to start Journal of Economic and Social Development which will primarily publish selected papers from regular and thematic conferences. First number of the journal is comprised of 25% of accepted papers from the second conference in Paris, and selection process, after previous double blind reviews, was carried out by members of the International Editorial Board led with excellence criteria and thematic actuality. Authors of selected papers come from different economic and social environments and have different backgrounds as well as different academic education. That diversity is great foundation for interesting papers. We hope that readers will recognize values promoted by this journal, and that they will support its development. Marijan Cingula Editor Contents I CONTENTS Ayuba A. Aminu; Desmond I. Eluwa THE IMPACT OF TAX REFORMS ON GOVERNMENT REVENUE GENERATION IN NIGERIA ......... 1 Leonardo Fernando Cruz Basso SAVING THE EURO: CREATING SOCIAL REGIONAL CURRENCIES, TAXES ON FINANCIAL TRANSACTIONS, AND MINIMUM INCOME PROGRAMS .......................................................... 11 Irina Berzkalne; Elvira Zelgalve TRADE-OFF THEORY VS. PECKING ORDER THEORY – EMPIRICAL EVIDENCE FROM THE BALTIC COUNTRIES ............................................................................................................................... 22 Zrinka Blazevic; Marijana Spoljaric ANALYSIS OF CROSS-SECTOR DIFFERENTIATION DURING STRATEGY FORMULATION ............ 33 Narissara Charoenphandhu; Yukio Ikemoto INCOME DISTRIBUTION AND THE MEDIUM-TERM TREND OF INEQUALITY IN THAILAND ...... 43 Felipe de Figueiredo Silva; Evandro Camargos Teixeira; Joao Eustaquio Lima THE EFFECT OF THE EARLY ENTRANCE TO JOB MARKET ON THE HEALTH STATUS OF THE BRAZILIANS IN 2008 ................................................................................................................. 52 Anita Goltnik Urnaut EDUCATION FOR SUCCESSFUL INTERCULTURAL COMMUNICATION AND CULTURAL INTELLIGENCE ........................................................................................................................... 63 Hacer Simay Karaalp THE EFFECT OF PUBLIC INVESTMENT AND FIRM-BASED INVESTMENT INCENTIVES ON EMPLOYMENT: A PANEL DATA ANALYSIS FOR TURKEY ........................................................... 74 II Journal of Economic and Social Development, Vol 1, No 1 Mohamed M. Mostafa CITIZENS AS CONSUMERS: PROFILING E-GOVERNMENT SERVICES’ USERS IN EGYPT VIA DATA MINING TECHNIQUES ............................................................................................................... 86 Appiah Sarpong; Michael Adusei MULTINOMIAL LOGISTIC ANALYSIS OF “SUSU” CONTRIBUTION IN GHANA ........................... 96 Osman Murat Telatar; Murat Can Genc; Hilal Yildirir Keser; Sema Ay; M. Kemal Deger THE CAUSALITY RELATIONSHIPS BETWEEN FDI AND R&D IN EUROPEAN UNION ................. 106 Mario Bogdanovic; Domagoj Cingula MAKING DECISION IN COMPANY DISMISSAL PROCESS ......................................................... 115 Konstantin Chernavsky FINANCIAL INSTABILITY OF ENTERPRISE AS THE MAIN OBSTACLE HAMPERING DEVELOPMENT IN TURBULENT ENVIRONMENT .................................................................... 123 Ching-Yuan Huang; Lichun Chiang THE EFFECT OF EMPLOYEE’S COMMITMENTS ON CUSTOMER’S LOYALTY BASED ON TRANSACTION COST ............................................................................................................... 136 Irina V. Ivashkovskaya; Dmitry Y. Shcherbakov EFFICIENCY OF CORPORATE INTERNATIONAL DIVERISIFICATION: EVIDENCE FROM DEVELOPING COUNTRIES ....................................................................................................... 146 Branko Rakita; Dusan Markovic THE PROSPECTS OF INTERNATIONAL ACQUISITIONS IN CAR INDUSTRY DURING THE GLOBAL ECONOMIC CRISIS - THE CASE OF GEELY VOLVO ................................................................... 159 Janno Reiljan; Ingra Paltser INTERNATIONAL POSITION OF ESTONIA IN IMPLEMENTING RESEARCH AND DEVELOPMENT POLICY .................................................................................................................................... 171 Thitima Sitthipongpanich; Piruna Polsiri BOARD DIVERSITY, NETWORK AND FIRM VALUE .................................................................. 184 THE IMPACT OF TAX REFORMS ON GOVERNMENT REVENUE GENERATION IN NIGERIA 1 Ayuba A. Aminu1 Desmond I. Eluwa2 THE IMPACT OF TAX REFORMS ON GOVERNMENT REVENUE GENERATION IN NIGERIA Abstract The study examines the impact of Tax Reform Policy on Revenue generation of the Federal Government of Nigeria. The primary objective of this paper is to prepare a case study on tax policy reforms in Nigeria, with the specific objectives of examining the main tax reforms in the country, highlighting tax revenue profile and contributions of the three categories of taxes identified as personal, company and custom duties to the total revenue collection. The techniques of data analysis adopted for the empirical study were the Analysis of Variance Method and the Scheffe’s Multiple Comparison techniques. In addition, the ‘F’ test of the analysis of the variance was used to test the hypothesis of no significant difference in the impact on personal, company and custom duty tax revenues of the Federal Government by each of the following tax reform policy objectives; enhancement of the principles of good tax system, improvement in the tax administrative structure,