Journal of Contemporary Issues in Business Research

ISSN 2305-8277
Table of Contents: Vol. 3, Issue No. 2, March 2014 Table of Contents: Vol. 3, Issue No. 2, March 2014

Articles

Place Building and Mission Statements: A Match or Misfit?
Place Building and Mission Statements: A Match or Misfit?

Author(s): David F. Thomas 1, and James H. Banning 2

Abstract: The purpose of this study was to investigate possible relationships between organizational Mission Statements (MS) and Pace Building (PB). The basic question addressed in the study was do corporate MS statements contain a linkage to their possible place building strategies. Do the linkages suggest a match, a misfit, or is the linkage missing? Place building focuses on how an organization values the dimensions of place: nature, social relationships, material environment, ethics, and economic relationships in relation to the places in which they are located. We examined the MS from 41 businesses selected among a group of fortune 500 firms to determine if place building attributes were evident. Qualitative document analysis was employed to investigate the possible linkage between mission statements and the concepts of the place building model. The findings of the study suggest that corporate mission statements most often fail to address the strategies associated with organizational place building. These findings raise important questions for discussion regarding the future of organizations and their relationship to place building in the community: how is corporate space used in the community, what is the condition of the space, and what is the impact of organizational place on the community resources. The study concludes that the strategy of addressing place/community relations within corporate mission statements can provide a useful way forward in addressing the foregoing questions.

Keywords: Place; Mission Statements; Place Building; Qualitative Research; Corporate Social Responsibility.

» About This Article   » Full Text (PDF)   » Permissions   [pp: 52-74]   Article first published online: 2014

Author Affiliations:
  • Monfort College of Business, University of Northern Colorado, United States 1
  • School of Education, Colorado State University, United States 2
GDP Growth, Money Growth, Exchange Rate and Inflation in Ghana
GDP Growth, Money Growth, Exchange Rate and Inflation in Ghana

Author(s): Anthony Chiaraah 1, and Paul Kwame Nkegbe 2

Abstract: This paper analyses the implications of exchange rate, GDP growth and monetary policies for inflation in Ghana. Although domestic money supply has significant influence on the behavior of the inflation rate in the long run, the short run dynamics based on an error correction model indicate that money supply has little impact on the domestic price level. This paper is unable to prove a significant long-run relationship between exchange rate and inflation in Ghana. The results confirm a long-run equilibrium relationship between inflation, money supply, foreign price and the real income. In line with theoretical assumptions, the findings demonstrate that in the long run, inflation in Ghana is positively related to the money supply while it is negatively related to real income and foreign price level. The results of the paper give enormous support to the current policy by the Bank of Ghana of anchoring inflation targeting on monetary policy.

Keywords: Inflation; Error correction model; Money supply; Ghana.

» About This Article   » Full Text (PDF)   » Permissions   [pp: 75-87]   Article first published online: 2014

Author Affiliations:
  • University for Development Studies 1&2
Causal Relationship between Macroeconomic Variables: Evidence from Developing Economy
Causal Relationship between Macroeconomic Variables: Evidence from Developing Economy

Author(s): Abdul Rafay 1, Farah Naz 2, and Saman Rubab 3

Abstract: Importance of stock market in the economic development of a country cannot be denied, and macroeconomic variables are important indicators that affect stock market of a country. Present study provides a great contribution to understand the association of these variables with stock market. This paper deals with the causal relationship among KSE 100 index and interest rate, exchange rate, consumer price index, imports and exports. For this purpose data of nineteen years has been collected from 1992 to 2010. Techniques of Augmented Dickey-Fuller test, regression analysis and Granger Causality test have been applied to examine the causal relationship of selected macroeconomic variables with KSE 100 index. Results of regression analysis indicate the presence of strong positive relation between IMP and KSEI. Furthermore, interest rate, exchange rate, consumer price index and exports have no relationship with KSE 100 index. Results of Granger Causality test demonstrate that bi-directional relationship exists between interest rate and KSE 100 index. Exchange rate and imports have uni-directional relationship with KSE 100 index and no causal relationship exists between consumer price index, exports and KSE 100 index. Present study provides valuable contribution in knowledge. It is important and attractive not only for investors but also for policy makers.

Keywords: Inflation; KSE 100 index; Interest Rate; Exchange Rate; Consumer Price Index; Imports; Exports.

» About This Article   » Full Text (PDF)   » Permissions   [pp: 88-99]   Article first published online: 2013

Author Affiliations:
  • School Of Business and Economics, University of Management and Technology 1,2&3
Weaknesses of Developing Economic and Business Courses Practically in Third World Countries' Universities
Weaknesses of Developing Economic and Business Courses Practically in Third World Countries' Universities

Author(s): Abdullah Ibrahim Nazal

Abstract: This search aims to find weak point of developing courses by academic teacher’s research in order to meet needs of students practically training to get suitable job at suitable time. It concentrates on students' motive, searches conditions and economic environment to achieve self-sufficiency. Result of this search show weak points, it needs solution to achieve integration practically to reduce all type of costs at locally. It cannot be done until accepting the sharing and cooperation between local companies’ experiences and government suitable control.

Keywords: Courses; University; Developing; Searches; Environment; Weakness.

» About This Article   » Full Text (PDF)   » Permissions   [pp: 100-106]   Article first published online: 2013

Author Affiliations:
  • Zarqa University
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