International Journal of Business, Economics and Management

Published by: Conscientia Beam
Online ISSN: 2312-0916
Print ISSN: 2312-5772
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No. 2

Foreign Direct Investment - Growth Linkage in Sub-Saharan Africa: Is Governance a Mediating Factor?

Pages: 111-129
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Foreign Direct Investment - Growth Linkage in Sub-Saharan Africa: Is Governance a Mediating Factor?

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DOI: 10.18488/journal.62.2019.62.111.129

Fisayo Fagbemi , Kehinde Mary Bello

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Fisayo Fagbemi , Kehinde Mary Bello (2019). Foreign Direct Investment - Growth Linkage in Sub-Saharan Africa: Is Governance a Mediating Factor?. International Journal of Business, Economics and Management, 6(2): 111-129. DOI: 10.18488/journal.62.2019.62.111.129
In sub – Saharan Africa, weak institutions and the rising concern for improved business environment offer considerable leverage for enhancing the effectiveness of institutional framework, capital inflows, and public investment efficiency. These have put SSA in the global spotlight in recent times. Hence, the study examines the mediating effect of governance on FDI – growth nexus in 35 SSA countries between 2002 and 2017 using panel data techniques (Pooled OLS, Fixed Effects, and Panel-Corrected Standard Error’ (PCSE) estimation) and the Dynamic One – Step Difference and System GMM. Results indicate that control of corruption, political stability and regulatory quality, including governance composite index, have a positive and significant effect on economic growth, suggesting that institutions have a salutary impact on SSA economies. The findings further show that FDI inflows adversely influence growth owing to insufficient absorptive capacity that could enhance FDI effectiveness in the region. More importantly, the pervasiveness of poor governance in SSA is identified as a critical case that undermines the development of the nexus between FDI and economic growth. Thus, the study suggests that FDI – growth linkage would be enhanced by promoting a strong institutional environment that offers a good mechanism for attaining the actual FDI spillover potential through a policy framework that points the path towards cost-effective measures in SSA. Also, there should be core investment policies across African countries that would induce the private sector in consolidating government efforts and resources aimed at improving international competitiveness by diversifying the region’s economies away from a protracted commodity – based.
Contribution/ Originality
The study offers a sufficient basis of analysis that amplifies and consolidates FDI-governance-growth literature. It also addresses unresolved mixed conclusions arising from puzzling methodological issues through the use of efficient and robust estimation techniques. The paper provides a better understanding of the role of governance in FDI-growth nexus regarding Africa.

Decision-Making on Working Capital Management, Based on Industry Differences

Pages: 99-110
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Decision-Making on Working Capital Management, Based on Industry Differences

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DOI: 10.18488/journal.62.2019.62.99.110

Haritini Tsangari

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Haritini Tsangari (2019). Decision-Making on Working Capital Management, Based on Industry Differences. International Journal of Business, Economics and Management, 6(2): 99-110. DOI: 10.18488/journal.62.2019.62.99.110
The effect of working capital components on profitability has conflicting empirical evidence, which is mostly data-driven. This paper aims to provide additional insight to this end, especially focusing on the neglected aspect of industry differentiation. The analysis implements a panel regression methodology on a dataset of 300 observations from firms in Cyprus, adjusting for control variables and considering industry differences. Overall, the present study illustrates that industry differences warrant in-depth examination for decision-making regarding working capital management policies. The findings show that the cash conversion cycle and its components have an effect on profitability, but the sign and level of significance vary according to the industry sector: results in the merged sample differ from the results by industry sector. For example, the cash conversion cycle has a positive effect on the consumer goods sector and a negative effect in the industrials sector. Additionally, management of creditors and suppliers is as important as the management of debtors, especially for consumer goods and industrials. Managers should aim for the optimal level of the working capital components, while simultaneously adjusting their strategies based on their industry sector, to boost firm profitability.
Contribution/ Originality
This study contributes to the existing literature regarding the effect of working capital management on profitability. The paper’s primary contribution is finding that the sign and level of the effect of the cash conversion cycle and its components on profitability vary according to the industry sector, which can thus adjust decision-making.

An Entrepreneurship Research in Singapore: Basic Psychological Needs and Motivation

Pages: 87-98
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An Entrepreneurship Research in Singapore: Basic Psychological Needs and Motivation

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DOI: 10.18488/journal.62.2019.62.87.98

Chen Sheng , Felicia Poon

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Chen Sheng , Felicia Poon (2019). An Entrepreneurship Research in Singapore: Basic Psychological Needs and Motivation. International Journal of Business, Economics and Management, 6(2): 87-98. DOI: 10.18488/journal.62.2019.62.87.98
At the initial stages of starting a company, one who sets up the business and business deals is a start-up entrepreneur. This research focuses on entrepreneurs in start-up companies and explores how certain psychological needs influence motivation at the start-up stage. Basic Psychological Needs Theory is the latest and central theory from the SDT (Self-Determination Theory) (Deci and Ryan, 2000;2002). Jian et al. (2012) pointed out that psychological need is a critical factor in connecting the external environment and internal individuality. Additionally, entrepreneurial motivation is a precondition for entrepreneurship. Recent research suggests that motivation is an important role in entrepreneurial behavior and success where motivation has influenced entrepreneurs to start a business (Virginia and Carlos, 2012) . The research looks at the relationship between the psychological need and motivation of candidates of start-up in Singapore utilizing positivist approaches. Multiple regression analysis was used to analyze a causal relationship between psychological need and entrepreneurial motivation. Results found that there was a statistically significant relationship between two concepts.
Contribution/ Originality
The paper's primary contribution is finding that relationship between the basic psychological need and entrepreneur motivation in Singapore. Thinking about the causation of two concepts, this study has analyzed the impact of the psychology in the field of entrepreneurship.

Intention to Use E-Recruitment System: Empirical Evidence from Jobseekers in the Advertising Industry in Malaysia

Pages: 76-86
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Intention to Use E-Recruitment System: Empirical Evidence from Jobseekers in the Advertising Industry in Malaysia

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DOI: 10.18488/journal.62.2019.62.76.86

Chuah Kee Woon , Jugindar Singh Kartar Singh

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Chuah Kee Woon , Jugindar Singh Kartar Singh (2019). Intention to Use E-Recruitment System: Empirical Evidence from Jobseekers in the Advertising Industry in Malaysia. International Journal of Business, Economics and Management, 6(2): 76-86. DOI: 10.18488/journal.62.2019.62.76.86
Advancements in technology have a massive impact on the workplace including recruitment of staff. The aim of this study was to examine jobseekers’ behavior towards e-recruitment system usage by jobseekers in Malaysia. The study population was jobseekers intending to apply for jobs in the advertising industry. This was a quantitative study and self-administered questionnaires were used to collect information from a sample of 100 jobseekers. The SPSS statistical tool was used to generate descriptive statistics and inferential statistics. The results revealed that perceived usefulness was the key determinant of e-recruitment adoption. However, the impact of perceived information content quality (PICQ) and perceived search engine optimization (PSEO) was insignificant. The implications of this study are that recruitment agencies and human resources practitioners need to focus on the perceived usefulness of the e-recruitment system to attract and create the desire in jobseekers to use e-recruitment system.
Contribution/ Originality
This study is one of very few studies which have investigated jobseekers intention to use e-recruitment system in Malaysia. This study provides insights for human resources practitioners on the effective use of e-recruitment system to attract a greater pool of applicants.

Investigate Airport Service Quality- A Case Study of Airports in Shanghai

Pages: 61-75
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Investigate Airport Service Quality- A Case Study of Airports in Shanghai

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DOI: 10.18488/journal.62.2019.62.61.75

Hongwei Jiang , Tianhui Liang

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Hongwei Jiang , Tianhui Liang (2019). Investigate Airport Service Quality- A Case Study of Airports in Shanghai. International Journal of Business, Economics and Management, 6(2): 61-75. DOI: 10.18488/journal.62.2019.62.61.75
Evaluating service quality is a critical task for airports aiming to identify aspects of airport service that contribute to differences in passenger satisfaction. The purpose of this paper is to investigate the airport service quality from passengers’ perspectives at two airports (Pudong and Hongqiao Airports) under the management of Shanghai Airport Authority (SAA) in China. Surveys at SAA have found that there are significant differences between passengers’ expectations and actual perceptions of service quality at SAA, which imply that SAA is advised to improve its service quality and reduce passenger dissatisfaction towards components comprising service quality as a whole. The components for which the largest gaps were found between expectation and actual perception were identified as “Shop and restaurant prices”, “Free Wi-Fi access”, “Play areas for children”, “Departure punctuality”, and “Various restaurants providing different kinds of food”. The results reveal that there are significant differences between gender, nationality and main travel purpose groups: women tend to assign significantly higher scores than men; domestic travellers reported high satisfaction than international ones; and passengers travelling for holiday and academic-related purposes reported higher satisfaction than those travelling for business. There is a positive correlation between airport service quality and passengers’ overall satisfaction at SAA. This paper aims to provide useful information for government officials in the identification of potential issues posed to passengers and that should be addressed by airport management.
Contribution/ Originality
This study is the first attempt to investigate airport service quality from passenger’s perspective, rather than from airport’s perspective. The paper’s primary contribution is its findings in passenger’s perception and expectation according to different demographic groups, and their varying impact on passenger’s satisfaction and airport preferences in China.