Vol.3. Issue 2, 2012

Article 1: Measuring Service Satisfaction in E-Electricity Service in South Odisha a State of India by Structural Equation Modeling

By: SSataphy, S.K. Patel, A.Biswas, S.S.Mohapatra and P.D.Mishra

The main objective of this study is to measure service satisfactiob in E-Electricity service in South Odisha, India. Statistical analyses were used to develop constructs suitable for E-Electricity utility service satisfaction for all type of customer. So that policy formation and implementation must be easier.In this paper the service quality of E_Electricity utility service in Odisha is measured by using Structural Equation Modeling, and the e_ service measuring instrument is modified for validating the E-Electricity service model.

Keywords:Service satisfaction, e-electricity service, structural equation modeling, and India

Article 2: Interpreting the Significance of Financial, Economic and Market Risks on FDI Decisions

By: Catherine SF Ho and Ahmad Husni Mohd Rashid

This research investigates the significant financial, economic and market risks taken into consideration by multinational corporations (MNCs) when making investment decisions across countries. These risk factors are analyzed to reveal their importance in the decision making process of MNCs in foreign expansion and investment. A set of methodologies were applied with reliability and validity tests, as well as cross tabulations in analyzing the results. Over nine hundred companies were selected to participate in the survey with a response rate of 23.2 percent. Novel data from the survey respondents assent that market risk factors where availability of technology, ability to hire skilled workers and access to transportation are vital. MNCs are also concern with economic risk factors including ease of doing business and access to market. Respondents felt that exchange rate stability is essential for efficient financial operation followed by easy access to capital that facilitates start-up and expansion. Findings from the study would greatly assist regulators in enhancing policies to further strengthen and attract value-added foreign investments into the country.

Keywords: International Investment, Investment decisions, International financial market

Article 3: Constructing Regional Input-Output Table: A case study of Selangor, Malaysia

By: Diana Mazan and Zakariah Abdul Rahid

The purpose of this study is to construct an input-output table for Selangor. Selangor as a developed state should have an input-output table to provide information about the interrelationship or interdependence among the sectors in economy. The input-output table is useable to the government in order to make an effective policy for Selangor and Malaysia. The secondary data is applied in this study. Most of the data is provided by the department of Statistic (DOS) and UPENS (Unit Perancang Ekonomi Negeri Selangor). The RAS procedure used to complete this study. In this approach, data is collected without incriminating the census of state level. The complete input-output table gives information about the Selangor GDP (Gross Domestic Product) for year 2000. The structure of economy for the Selangor state showed that government has a tendency to go for the industrial and services sector. The reason is to be an industrial state in Malaysia.

Keywords: Economic development, input-output analysis, construction, Selangor

Article 4: Investigating the Concept of Rabbani Leadership Practices at Secondary Schools in Malaysia

By: Hailan Salamun and Saeeda Shah

This paper attempted to look at the focus of leadership practices of National Islamic Secondary School principals in Malaysia. It introduces the concept of Rabbani leadership that leadership practices are influenced by the leader’s moral judgement, in the pursuit of Allah swt, the Creator’s devine acceptance. Rabbani leadership places great importance to shared responsibilities and accountability and practices driven by internal drives alligned to concerns for godly/devine rightousness (ketuhanan), human development (keinsanan), and professional development. Leadership focus refers to dominance of practices exhibiting the specific concerns, be it developing spiritual self, the human self, or the professional self. The results show that the general focus of principals’ leadeship practices were all three aspects of moral judgement, that is concern for devine rightousness, concern for human development, as well as concern for professional development, or developing the professional self.

Keywords: Rabbani leadership, moral judgement, devine rightousness, human development, professional development

Article 5: Testing Hubris Hypothesis of Mergers and Acquisitions: Evidence from India

By: Malabika Deo and Aasif Shah

This paper addresses the relevance of Hubris theory of mergers and acquisitions in the Indian context. Also, this paper apply event study methodology to examine the short-term market response to merger announcements in the Indian banking and information technology industry. The overall findings report interesting although not surprising results. Hubris hypothesis which states that that the shareholders of the bidding firms would incur loss on merger announcements does not hold well in the Indian perspective. The findings demonstrate the contrary effect. The bidding firms at least do not fall in deficit from the merger deals and hence mergers and acquisitions could not be seen as a risky investment for their shareholders.

Keywords: Hubris hypothesis, mergers, acquisition, India