|Journal of Contemporary Issues in Business Research ISSN 2305-8277|
Author(s): John E. Butler1 and Stephen Ko2
Abstract: This research seeks to understand the dynamics caused by the intersection between two systems that have been used as approaches to understanding the family and family businesses. Initially, approaches to understanding families taking a systematic or process approach have focused on the needs of family therapists often using communication roles or goal seeking behavior) as foci. Family business research has also taken a system approach with respect to both time and family sub-systems. This paper looks at the interactions of these two systematic approaches to examining families and families businesses using four concepts from system dynamics. The impacts of path dependence, carry capacity, goal adjustment behavior and the tipping point concept are applied to both systems, using a computer simulation model, to develop a more comprehensive approach to examining family business dynamics and the interactions between the family system and business system.
Keywords: Family business; Family systems; System dynamics.
- University of Hawai‘i at Mānoa, Honolulu, Hawaii USA 1
- The Hong Kong Polytechnic University, Hong Kong SAR, China 2
Author(s): Faiza Yaseen1, Ikram Ullah Khan2, and Safeer Ullah Khan 3
Abstract: The aim of this study is to examine the short-run, long-run, and causal relationship among trade openness and economic growth in Pakistan. To test the hypotheses of this study, a time series data for the period of 1973-2010 was used. Macroeconomics variables such as Economic growth, value of real gross domestic product (GDP), value of exports (XP) and value of imports (MP) are variables of interest in current study. To study the long-run, short-run and causal relationships among trade openness and economic growth, Co-integration and Granger causality tests are used in this study. The results of this study support the long-run relationship among trade openness and growth. The findings of this paper are unidirectional causality from export to growth and import and from growth to imports but did not find any bidirectional causality relationship among the variables.
Keywords: Trade openness; Economic growth; Gross domestic product; Pakistan.
- Islamia University of Bahawalpur 1
- School of Management, University of Science and Technology of China, Peoples Republic of China 2
- CECOS University of Information Technology and Emerging Sciences 3
Author(s): Aisha Rauf, Awais Riaz, and Asma Fazal Elahi
Abstract: This study aims to find impact of working capital management on profitability of electrical machinery apparatus sector of Karachi Stock Exchange (KSE) listed companies of Pakistan. Return on assets is used as a proxy of profitability, which is dependent variable of this study. Independent variables that are used in this study are Current Ratio, Debt to Equity Ratio, Operating Cash flow to Debt Ratio, and Inventory Turnover Ratios of the firms. Time series data for period of 2007-2012 of electrical equipment firms listed on Karachi Stock Exchange were collected was collected from taken Karachi Stock Exchange and financial statements of firms, as well as. Our results showed that all independent variables are statistically significant and contains positive correlation with the profitability of electrical equipment firms listed on KSE. Therefore, there is need for policy makers to focus on the adoption of policies, which are in favor independent variables of this study.
Keywords: Return on assets; Inventory turnover ratio; Current ratio; Debt to equity ratio; Operating cash flow to debt ratio.