Volume 1 Issue 1

Authors: Saman Ghaderi; Ahmad Jafari Samimi; Bahram Sanginabadi

Abstract: The purpose of this paper is to test the hypothesis first documented by [1], that inflation is lower in more open economies. According to this hypothesis, central banks have a smaller incentive to engineer surprise inflations in more-open economies because the Phillips curve is steeper.We utilized the ARDL Bounds test approach to level relationship proposed by [2] for Iranian annual data over the period 1973-2007. Results from Bounds test approach confirm existence of long-run relationship among the variables under consideration. The results show that openness has negative and significant effect on inflation in short-run but its effect in long-run is not significant.

Keywords: Openness; Inflation; Iran; ARDL Bounds test approach.


Authors: Soraya Sadeghi; Somaye Sadeghi; Ahmad Jafari Samimi

Abstract: This paper evaluates the impact of the Terms of Trade volatility (TOTV) on economic growth (GDP) in oil exporting countries using GMM method during 1980-2005. The results indicate that Growth depends positively on the current level of the terms of trade, while volatility in the terms of trade has a negative impact on growth.

Keywords: Economic Growth; Primary Commodities; Terms of Trade; Price Volatility; GMM Method


Authors: Xianbing Liu; Yanli Dong; Leina Wang; Cunkuan Bao; Jie Yang

Abstract: This paper describes case studies on green supply chain management (GSCM) of three companies based in the Yangtze River delta of China. After clarifying major supply chain relationships of each company, we identified their internal and external GSCM practices. The corresponding changes of environmental and economic performances are summarized quantitatively or in a narrative manner. The case studies confirm that the multinational and foreign-funded companies have more active GSCM practices than the domestic one. Although the current mandatory policies are effective in enhancing company’s environmental management in China, market actor-driven model seems more sustainable for the diffusion of GSCM practices.

Keywords: Green Supply Chain Management; Case Study; China


Authors: Naoki Sakamoto; Yasuhisa Hayashiyama

Abstract: On March 11 2011, Japan was hit by “the Great East Japan Earthquake”, the strongest earthquake to strike the nation in recorded history. Recovery and reconstruction plans necessitate immense expense and time, entailing numerous arguments about the sources of revenues. As described in this paper, mutual insurance among local governments is considered as a decentralized risk sharing system. Comparative statics analysis of a simple two-regional model is conducted, demonstrating the validity of this proposal. Results show that the foundation of a mutual insurance system increases economic welfare. Therefore, to ensure enforcement of the recovery and reconstruction project, it is important to found a mutual insurance system among local governments in advance, and to build a decentralized risk sharing system.

Keywords: Natural Disaster, Risk Sharing, Financing


Authors: Christian Babl; Dirk Schiereck; Jan-Peer Laabs

Abstract: The acquisition of Siemens VDO by Continental AG in July 2007 represented the largest takeover transaction between automotive suppliers to date. This paper examines the motivation and background behind Continental's takeover of Siemens VDO and assesses the short- and long-term post-merger wealth effects of the transaction. By applying a combination of event and accounting study methodologies, we find that Continental is in fact a good bidder. In addition, we confirm the key performance drivers determined in preceding literature and provide a perspective on which M&A strategy results in long-term post-merger success within the industry.

Keywords: automotive supply industry; mergers and acquisitions; case study; long-term success; Continental AG; Siemens VDO; bad bidder; good target


Authors: A. Tansu Barker

Abstract: Differences between salesforces in estimating sales results are examined by analyzing salesperson characteristics and activities of field sales managers. Salespeople who find estimating sales easier are more willing to take risks and have a higher sense of accomplishment from work. Their managers train, coach and help salespeople develop their potential more than the hard group. Discriminant analysis suggests that activities of sales managers are more important than the characteristics of salespeople. Hence, managers should move towards a more behaviour-oriented governance system where the focus is more on collaboration than commanding and should spend more time evaluating individual achievement levels with their salespeople.

Keywords: Sales estimates, salesperson’s characteristics, sales activities, discriminant analysis