The Institute for Business and Finance Research Global Conference on Business and Finance PROCEEDINGS JANUARY 2007 Sheraton South Padre Island January 3- January 6, 2007 South Padre Island, Texas Vol 2, No 1 ISSN 1931-0285 Table of Contents LETTER FROM THE EDITOR................................................................................................................. 8 ENGLISH PROCEEDINGS...................................................................................................................... 11 ASSESSING LABOR MARKET INEFFICIENCY IN POLAND: PRELIMINARY RESULTS FROM THE STOCHASTIC WAGE FRONTIER ANALYSIS............................................................. 12 VERA ADAMCHIK, UNIVERSITY OF HOUSTON-VICTORIA ARTHUR KING, LEHIGH UNIVERSITY-BETHLEHEM ACTIVITY BASED COSTING – EFFECTS OF SUPPLIER-BUYER RELATIONSHIPS............... 17 HENRIK AGNDAL, STOCKHOLM SCHOOL OF ECONOMICS ULF NILSSON, SABANCI UNIVERSITY CHINA’S LITTLE EMPERORS AND EMPRESSES: PARENTS’ PERCEPTION OF CHILDREN’S INFLUENCE ON PURCHASE DECISIONS................................................................ 23 GLYN ATWAL, GROUPE ECOLE SUPÉRIEURE DE COMMERCE DE RENNES EXPLORING CUSTOMER PREFERENCES ON MOBILE INTERFACES..................................... 24 SEUNG IK BAEK, HANYANG UNIVERSITY MIN CHO, WIDERTHAN CO., LTD BONG JUN KIM, HANYANG UNIVERSITY LEADERSHIP LEARNING FROM FOLLOWERS.............................................................................. 27 JOHN BRINKMAN, LIVERPOOL HOPE UNIVERSITY VALUE RELEVANCE OF FAIR VALUE INFORMATION FROM EQUITY METHOD INVESTMENT ........................................................................................................................................... 28 NARONGRIT CHANSUWAN, CHULALONGKORN UNIVERSITY IS THERE A LINK BETWEEN FIES’ CHARACTERISTICS AND THE CREATION OF THEIR LOCAL SUPPLY LINKAGES? ............................................................................................................... 29 FEI JIA, UNIVERSITY OF SURREY-GUILDFORD U.K A WOMEN-CENTERED GRASSROOTS APPROACH TO TOBACCO CONTROL: THE CASE OF CHINA .................................................................................................................................................. 34 ZHIHONG GAO, RIDER UNIVERSITY HIV/AIDS: A MANAGEMENT CONCERN FOR INTERNATIONAL BUSINESS.......................... 35 SUSAN BAXTER, BETHUNE-COOKMAN COLLEGE OIL AND ETHANOL IN LATIN AMERICA AND PACIFIC ASIA ................................................... 36 JORGE TORRES-ZORRILLA, CENTRUM, PONTIFICIA UNIVERSIDAD CATOLICA DEL PERU THE NEUTRALITY OF FUEL SURCHARGE...................................................................................... 37 QIANG GONG, PEKING UNIVERSITY XINGLI FAN, GENERAL ADMINISTRATION OF CIVIL AVIATION OF CHINA The IBFR- GCBF Proceedings – Volume 2, Number 1 www.TheIBFR.com 2 MONOPOLY OR COMPETITION: MARKET STRUCTURE OF CHINESE AIRLINE INDUSTRY ................................................................................................................................................. 41 QIANG GONG, PEKING UNIVERSITY XINGLI FAN, GENERAL ADMINISTRATION OF CIVIL AVIATION OF CHINA CAN A SOCIOLINGUISTIC INTERPRETATION METHOD SUCH AS LEXIMANCER TEXT MINING SOFTWARE BE USED TO INTERPRET THE MEANS-END CHAIN THEORY........... 45 GILLIAN JOHNSTON, QUEENSLAND UNIVERSITY OF TECHNOLOGY-BRISBANE MARILYN HEALY, QUEENSLAND UNIVERSITY OF TECHNOLOGY-BRISBANE OPTIMAL BUY-BACK CONTRACTS WITH ASYMMETRIC INFORMATION........................... 46 QIANG GONG, PEKING UNIVERSITY COMPANY DISCLOSURE SCORING ON INTANGIBLES AND THE INFLUENCE FACTORS: CASE STUDY IN THAILAND LISTED COMPANY............................................................................ 50 SUKANYA KANEKO, RAJAMANKALA UNIVERSITY OF TECHNOLOGY PRANAKORN BANGKOK COMMERCIAL CAMPUS PRIVACY RIGHTS, PROPERTY RIGHTS AND COMMON SENSE: ACCESS TO EMAIL AND OTHER ENCRYPTED MEDIA – IMPLICATIONS FOR SMALL BUSINESS AND BEYOND..... 51 TAYLOR KLETT, SAM HOUSTON STATE UNIVERSITY PHILIP W. MORRIS, SAM HOUSTON STATE UNIVERSITY RONALD J. DAIGLE, SAM HOUSTON STATE UNIVERSITY THE BROKEN PROMISE OF PENSION FUNDS ................................................................................ 52 ELLEN M. KRAFT, GEORGIAN COURT UNIVERSITY ANNE B. FOSBRE, GEORGIAN COURT UNIVERSITY NELCY M. DAVILA-APONTE, GEORGIAN COURT UNIVERSITY A PUZZLE FOR TEACHING THE CONSTANT GROWTH STOCK PRICING MODEL............. 56 LYNDA S. LIVINGSTON, UNIVERSITY OF PUGET SOUND ELIMINATING THE AUDIT EXPECTATIONS GAP: REALITY OR MYTH ? ....................... 58 MARIANNE OJO, OXFORD BROOKES UNIVERSITY BELARUSIAN ECONOMICS: INVESTMENT POSSIBILITIES....................................................... 59 DZMITRY PANKOU, BELARUSIAN STATE ECONOMIC UNIVERSITY TATSIANA RYBAK, BELARUSIAN STATE ECONOMIC UNIVERSITY OVER(UNDER) PAY OF CASH-CEO COMPENSATION AFFECTING SHAREHOLDER RETURN IN THAI LISTED COMPANIES........................................................................................... 64 ISSARAPORN PHOLNARUKSA, CHULALONGKORN UNIVERSITY FOREIGN DIRECT INVESTMENT IN LATIN AMERICA: A PANEL REGRESSION STUDY... 65 RAHIM M. QUAZI, PRAIRIE VIEW A&M UNIVERSITY RETENTION OF TALENT AND ENSURING LEADERSHIP CONTINUITY IN CHALLENGING ENVIRONMENT ....................................................................................................................................... 70 ANITHA RAMACHANDER, NEW HORIZON COLLEGE OF ENGINEERING THE ROLE OF SELF-EFFICACY ON SALESPERSON EFFORT: THE INFLUENCE ON NEW PRODUCT INTRODUCTIONS ............................................................................................................... 81 ADAM RAPP, KENT STATE UNIVERSITY MIKE AHEARNE, UNIVERSITY OF HOUSTON JOEL LE BON, ESSEC BUSINESS SCHOOL The IBFR- GCBF Proceedings – Volume 2, Number 1 www.TheIBFR.com 3 KEVIN TRAINOR, KENT STATE UNIVERSITY IS IT WORTH THE COST? MARKETING TO NEGATIVELY PERCEIVED CONSUMER GROUPS ..................................................................................................................................................... 82 SUSAN BAXTER, BETHUNE-COOKMAN COLLEGE JOB INSECURITY AND CONSEQUENCES A COMPARATIVE STUDY: CONTRACT AND PERMANENT EMPLOYEES .................................................................................................................. 83 TAHIR SAEED, FOUNDATION UNIVERSITY M. ANIS-UL-HAQUE, QUAID-I-AZAM UNIVERSITY S. M. SABEEH, NATIONAL UNIVERSITY OF SCIENCE & TECHNOLOGY IAS 39: DO THE COMPANIES FULFIL THE REQUIREMENTS FOR REPORTING OF FINANCIAL DERIVATIVES?................................................................................................................. 88 JIŘÍ STROUHAL, UNIVERSITY OF ECONOMICS IN PRAGUE DOUBLE-LOOP LEARNING PERFORMANCE MEASUREMENT SYSTEM – PART I: LAYING THE GROUNDWORK ON THE THEORIES OF ORGANIZATIONAL LEARNING .................... 91 C.C. TAN, SEAFRESH INDUSTRY PUBLIC COMPANY LIMITED DOUBLE-LOOP LEARNING PERFORMANCE MEASUREMENT SYSTEM – PART II: UNIFYING SCHOOLS OF THOUGHT.................................................................................................. 96 C.C. TAN, SEAFRESH INDUSTRY PUBLIC COMPANY LIMITED IDEALISM AND RELATIVISM: A STUDY OF UNDERGRADUATE BUSINESS MAJORS VERSUS NON-BUSINESS MAJORS .................................................................................................... 101 ANGELINA S. MACKEWN, UNIVERSITY OF TENNESSEE – MARTIN K.W. VANVUREN, UNIVERSITY OF TENNESSEE – MARTIN POST-VIOLATION TRUST REBUILDING IN B2C ELECTRONIC COMMERCE ..................... 102 QINYU LIAO, THE UNIVERSITY OF TEXAS-BROWNSVILLE AND TEXAS SOUTHMOST COLLEGE XIN LUO, VIRGINIA STATE UNIVERSITY ANIL GURUNG, KANSAS STATE UNIVERSITY AN EMPIRICAL STUDY OF THE TRAINING DIMENSION OF TASK-TECHNOLOGY FIT AND THE PERFORMANCE IMPACT OF CUSTOMER RELATIONSHIP MANAGEMENT SYSTEMS ................................................................................................................................................. 110 MARY LAYFIELD LEDBETTER, NOVA SOUTHEASTERN UNIVERSITY JAY E. ARONSON, UNIVERSITY OF GEORGIA SHARIAH GOVERNANCE IN THE ISLAMIC FINANCIAL INSTITUTIONS IN MALAYSIA . 116 ZULKIFLI HASAN, ISLAMIC UNIVERSITY COLLEGE OF MALAYSIA THE BEHAVIOUR OF IMPLIED VOLATILITY SURFACE: EVIDENCE FROM CRUDE OIL FUTURES OPTIONS .............................................................................................................................. 126 AMINE BOUDEN, PARIS-ASSAS UNIVERSITY TIMING AND STRATEGY OF NEW PRODUCT DEVELOPMENT FOR LATECOMERS IN THE DYNAMIC ENVIRONMENT- THE CASE OF IC DESIGN HOUSES IN TAIWAN...................... 127 WAN-JU CHEN, DIWAN COLLEGE OF MANAGEMENT-TAIWAN LIEN-SHENG CHANG, TAIWAN SUGAR CORPORATION-TAIWAN INTRA-INDUSTRY TRADE BETWEEN THE UNITED STATES AND LATIN AMERICAN COUNTRIES ............................................................................................................................................ 130 E.M. EKANAYAKE, BETHUNE-COOKMAN COLLEGE The IBFR- GCBF Proceedings – Volume 2, Number 1 www.TheIBFR.com 4 MIHALIS HALKIDES, BETHUNE-COOKMAN COLLEGE ROBIN RANCE, BETHUNE-COOKMAN COLLEGE ILIANA FILYANOVA, THE OHIO STATE UNIVERSITY DIVIDEND POLICY AND SECURITY PRICE BEHAVIOR IN EMERGING FINANCIAL MARKETS: EVIDENCE FROM BANGLADESH.............................................................................. 131 A. SABUR MOLLAH, UNIVERSITY OF BOTSWANA ASMA MOBAREK, UNIVERSITY OF DHAKA-BANGLADESH RAFIQUL BHUYAN, CALIFORNIA STATE UNIVERSITY-SACRAMENTO JAMES KUHLE, CALIFORNIA STATE UNIVERSITY-SACRAMENTO BELARUSIAN ECONOMICS: INVESTMENT POSSIBILITIES....................................................