International Journal of Management and Business Studies

International Journal of Management and Business Studies ISSN 2167-0439 Vol. 7 (10), pp. 001-014, October, 2017. © International Scholars Journals

Full Length Research Paper

Family ownership and risk-taking: Exploring nonlinear effects in financial industry

Shu Ling Lin¹* and Ming Fung Wu²

¹Department of Business Management, National Taipei University of Technology. 3, Zhongxiao E. Rd.,Taipei City 106, Taiwan.

²Robina Finance and Leasing Corporation, Taipei, Taiwan.

Accepted 20 July, 2017

Abstract

This study examined the relevance of the family ownership on risk-taking. Using a sample selected from publicly listed companies among the financial institutions in Taiwan during 1996 to 2007, this study found that the family ownership had a significant negative effect on risk-taking in the financial industry. Moreover, these influences were non- linear by the range of family ownership. In contrast, when securities and the insurance industry were the major family-controlled shareholders, the increase of its shareholding percentage was unexpected to positively affect risk- taking. These results were consistent with the “convergence-of-interest hypothesis” and were robust for several proxies of risk-taking in Taiwan’s financial industry, providing insights as to the effectiveness of regulatory discipline and capital market discipline of family businesses, and facilitating better legislative monitoring of financial activities in risk-taking.

Key words: Family ownership, financial industry, risk-taking, family-controlled.

International Journal of Management and Business Studies ISSN 2167-0439 Vol. 7 (9), pp. 001-005, September, 2017. © International Scholars Journals

Full Length Research Paper

The use of intuition across cultures

Isola Oluwabusuyi

School of Business and Accounting, Brown Mackie College, Argosy University, Atlanta, Georgia, USA. E-mail: [email protected].

Accepted 06 August, 2017

Abstract

The purpose of this study was to examine and compare the factors that influence intuition as a decision-making tool for leaders/managers in Hong Kong and the United States. This study examined the relationships among gender, management level, extent of management experience, country of operation, and the reported use of intuition in decision making. Existing empirical research in this field is sparse. In this research, attempt was made to contribute to empirical research on the viability and reported use of intuition as a decision-making skill of leaders. Agor’s Intuitive Measurement Survey (AIM) survey was adapted (with permission from copyright owner) from Weston Agor’s study to measure the relationship between a manager’s reported use of intuition in decision making and the manager’s management level, his level of management experience, the manager’s gender, and the manager’s country of operation. Each participant was electronically sent a link that led to a web page containing the survey questions. Once the respondent clicks submit, the questionnaire was mailed directly to the researcher. The research shows significant relationship between research variables. Administrative managers in Hong Kong’s reported use of intuition in decision making was significantly lower than US managers reported use of intuition in decision making. The paper concludes by examining the implications of these significant findings to global business management and management education.

Key words: Decision making, intuition, global management, culture.

International Journal of Management and Business Studies ISSN 2167-0439 Vol. 7 (8), pp. 001-008, August, 2017. © International Scholars Journals

Full Length Research Paper

The multi-attribute group decision making method based on the interval grey linguistic variables

Fang Jin and Peide Liu*

Information Management School, Shandong Economic University, Jinan 250014, China.

Accepted 10 April, 2017

Abstract

The extended TOPSIS method is proposed to solve multi-attribute group decision-making problems which the attribute values take the form of interval grey linguistic variables and attribute weight is unknown. To begin with, the relative concepts of interval grey linguistic variables are defined; the operation rules, the properties, and the distance between the two interval grey linguistic variables are established. Then the evaluation information of each expert is aggregated into the group information by the arithmetic weighted average method, and the mathematical model is constructed to solve the attribute weight based on the rules of the maximum deviation. Furthermore, the ranking order of alternatives is determined by TOPSIS method. Finally, the practical example is given to show the decision-making steps and the effectiveness of this method.

Key words: Grey fuzzy number, interval grey linguistic variables, TOPSIS, multi-attribute group decision making.

International Journal of Management and Business Studies ISSN 2167-0439 Vol. 7 (8), pp. 001-006, August, 2017. © International Scholars Journals

Full Length Research Paper

The constraints SMMES experience whilst attempting to recover skills levies from the W&RSETA in South Africa

A. Allison Hess and A.A. Braam Rust*

Cape Peninsula, University of Technology, Western Cape Province, South Africa.

Accepted 25 April, 2017

Abstract

This paper adds to the current database factors that impacts Small, Medium and Micro-sized Enterprises (SMMEs) in South Africa, by exploring the specific barriers or constraints that the SMME may experience whilst attempting to recover their skills levies from the Wholesale and Retail Sector Education and Training Authority (W&RSETA). In 2007 it is estimated that 4,005 of the 8,269 levy paying SMMEs put the levy grant system to use. As a result, the W&RSETA may fail to meet National Skills Development Strategy phase two (NSDS II) targets developed within the scope of the Skills Development Act (SDA) of 1999 (South Africa, Department of Labour, 2007). This perspective is addressed by providing a background to skills levy paying SMMEs within the W&RSETA, as well as a discussion of the internal and external factors that may pose as a barrier to the SMME whilst attempting to recover its skills levies from the W&RSETA. Furthermore, an overview of the research design and methodology as well as an analysis of the findings and corresponding recommendations is included.

Key words: Small, medium and micro-sized enterprises, wholesale and retail sector education and training authority, skills development.