eighth international conference

“CORPORATE STRATEGIES AND GOVERNMENT POLICIES:

21ST CENTURY CHALLENGES OF GLOBAL BUSINESS & ECONOMIC ISSUES”

Sheraton Deira DUBAI December 22- 23, 2011

GABER CONFERENCE SPONSORS

FIZJA INTERNATIONAL BUSINESS INC.,U.S. Based consulting company.

Consulting Company forOrganizing National and International Professional Associations’ Conferences; offer short-training courses for project evaluations for companies; personalfinancial planning; risk management, security analysis & portfolio management for investors; and Credit & Asset management for banking industry.Please visit:

The International Infrastructure & Transport Group, LLC

The Infratrans Group is an independent private investment and consulting firm specializing in capital placement for infrastructure and transportation assets on a global basis. We provide all essential services to business, communities and governments in all aspects of transportation and infrastructure projects for private and public investors including where public/private partnerships need to occur. Please visit us at

Economic Forum Web JournalThis web-journal is an attempt to publish economic analyses that are as free as possible of wishful thinking, political spin and outright misinformation. The Economic Forum's goals and aims are to insert data based economic analyses into the public debate. Please visit us at

CONFERENCE COMMITTEE

FOUNDER/CONFERENCE CHAIR:

Mazhar M. Islam, Ph.D., Professor of Finance

School of Business & Industry, FloridaA&M University, USA

Program Chair: Musa Essayyad, Ph.D., Professor of Finance

School of Business, University of Texas at Brownsville, USA

Program Co-Chair: Jan A. Berg-Andreassen, Ph.D. , CEO

International Infrastructure & Transport Group, LLC. USA

ADVISORY BOARD MEMBERS:

Dr. Tayyeb Shabbir, California State University Dominguez Hills, Carson, CA, USA

Dr. Bahaudin Mujtaba, Nova Southeastern University, USA

Dr. Javed Ashraf, University of St. Thomas, Houston, USA

Dr. Eisenhower Etienne, Florida A&M University, USA

Dr. Mostaq M. Hussain, University of New Brunswick-Saint John, CANADA
Dr. Subba Reddy Yarram, University of New England, AUSTRALIA

Dr. Norihiko TAKEUCHI, TokyoUniversity of Science, JAPAN
Dr . V.J. Sivakumar, National Institute of Technology, INDIA
Dr. V. Selvam, VIT University, INDIA
Dr. Ashraf Nakibullah, University of Bahrain, BAHRAIN

PUBLICATION OUTLETS:

International Refereed Journals

American Journal of Finance and Accounting (USA)

Asian-African Journal of Economics and Econometrics (India)

Business and Management (Indonesia)

Global Review of Business & Economic Research(USA)

International Journal of Accounting and Finance(Canada)

International Journal of Banking, Accounting, and Finance (Italy)

International Journal of Behaviour Accounting and Finance (UAE)

International Journal of Business Forecasting and Marketing Intelligence (USA)

International Journal of Business Performance Management (UK)

International Journal of Electronic Finance (USA)

International Journal of Financial Services Management (UK)

International Journal of Human Resources DevelopmentManagement (UK)

Journal of Applied Management and Entrepreneurship (USA)

Conference Proceedings: Issues in Global Research in Business & Economic

Library of Congress ISBN#1940-5391

Edited Book

Issues in Global Equity Investing, Portfolio Selection, Corporate Governance and Regulations.

REVIEW BOARD MEMBERS

Dr. Jan A. Berg-Andreassen, International Infrastructure & Transport Group, LLC. USA

Dr. Musa Essayyad, University of Texas at Brownsville, USA

Dr. Shawkat Hammoudeh, Drexel University, Pennsylvania, USA
Dr. Bahaudin Mujtaba ,Nova South eastern University,USA

Dr. Alex Karlen-Ng, University of Northern British Columbia, Canada

Dr. Sofyan S. Harahap, Trisakti University, INDONESIA

Dr. Anthony Billings, Wayne State University, USA

Dr. David P. Ely, San Diego State University, USA

Dr. Robert Balik, TexasA&MUniversity - Prairie View, USA

Dr. Uchenna Elike ,Alabama A&M University, USA

Dr. Alex Faseruk , Memorial University of Newfoundland, CANADA

Dr. Azmat Gani, University of the South Pacific, FIJI

Dr. Fidelis Ikem , Kutztown University, USA

Dr. Yusuf Karbhari, Cardiff University, UK

Dr. Alex Karlen-Ng, University of Northern British, CANADA

Prof. Erkki K. Laitinen, University of Vaasa, FINLAND

Dr. Lokman Mia, Griffith University, AUSTRALIA

Dr. Buagu Musazi, Morgan State University, USA

Dr. William A. Ogden, University of Wisconsin - Eau Claire, USA

Dr. Vivian O. Okere, Providence College, USA

Dr. Reza Rahgozar, University of Wisconsin, River Falls, USA

Dr. Mark O. Tengesdal, Texas Woman's University, USA

Dr. K.C. Tseng, CaliforniaStateUniversity at Fresno, USA

Dr. Ari Huuhka, University of Vaasa, FINLAND

Dr. Satyendra Singh, University of Winnipeg, CANADA
Dr. Abdul Gaffar Bin Ismail, National University of Malaysia, MALAYSIA

Dr. Bradley T. Ewing, Baylor University, USA

Dr. .Denis Goulet, University of Notredame, U.S.A

Dr. Kyongwook Choi, Ohio University, USA

Dr. Jamie B. Kruse, Texas Tech University, USA

Dr. Yusuf Karbhari, Cardiff Business School, UK

Dr. Allan Webster, Bournemouth University, UK

Dr. Mahmud Hassan, Rutgers University, USA

Dr. Chao-His Huang, NationalTsingHuaUniversity,TAIWNA

Dr. Amlan Mitra, Purdue University, USA

Dr. James Payne, Illinois State University, USA

Dr. Arjun Chatrath, University of Portland, USA

Dr. Yuqing Xing, InternationalUniversity of Japan, JAPAN

Dr. Ioannis Mylonakis, Glyfada, GREECE

Dr. Yongkul Won, University of Seoul, KOREA


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Welcome Message

Dear participants:

On behalf of the GlobalAcademy of Business & Economic Research (GABER), I would like to welcome you to the Eighth International Conference in Dubai. Our annual meetings provide a unique opportunity for academics, practitioners, and policy makers to present their findings and insights and to exchange ideas in the fields of business, economics and management, the kind of dialogue that is especially crucial in the context of current global economic crisis.

GABER is an important source of publishing opportunities for academic and policy-oriented research in several international refereed journals,conference proceedings, and in edited books. Our program is complete with many excellent and exciting papers on contemporary issues. Those of you who submitted papers and are participating in the meeting are key to the program’s overall success. The program committee is composed of scholars across the Globe who carefully evaluated the papers. Although we have received over 200 papers. however, we have very low number of registered delegates.

I would like to thank all members of the organizing committee who did an outstanding job in screening the papers. In addition, I appreciate the members of the whole organizing committee for their diligent work in helping us set up the program. On a final note, I thank each participant for making this truly international conference a success. I wish you a pleasant stay in Dubai, a wonderful city in the Globe. We look forward to seeing you again in our future conferences.

Best Regards,

mmIslam

Mazhar M. Islam, Ph.D., Professor of Finance

Founder of GABER & Conference Chair

Editor: American Journal of Finance & Accounting, International Journal of Business Forecasting & Marketing Intelligence, and Global Review of Business & Economic Research

IMPORTANT NOTES

Role of the Session Chair

Session chair is responsible for timely conducting the session. Each presenter will have about 10-12 minutes for presentation. Presentations will be followed by discussions from the floor. Please keep the record of each presenter and introduce the presenters with the title of the paper. In case of no-show or cancellation, depending on the number of presenters, more time can be allowed to presenters. Please make sure that each author maintains the time limit. After presentation of all papers in the session, please allow the floor for questions and discussions related to the presented papers. Further comments or suggestions can be discussed with the author after the end of the session.

Notes to Presenters
All presenters are requested to reportto respective chairs few minutes prior to the session. Each presenter will have about 10-12 minutes for presentation. Presentations will be followed by discussions from the floor. Room will be furnished with LCD projector. Bring your own laptop or you must have your paper in pen-drive for presentations.You are also strongly advised to bring 10-15hard copies of your paper or at least the major findings of your research (methodology, tables, charts etc.) for distribution at your session. Please do not exceed the time limit of your presentation. Please do not forget to bring a hard copy of thisl program.

Best Paper Award

Best papers are selected on the basis of originality, rigor, contribution to the body of knowledge, relevance to the emerging issues, and are publishable in refereed international journals with minor revisions. The papers are selected by the members of the Panel for “Best Paper Award”. Papers selected will be published in the listed journals, recommended by the editorial board members. Final revisions will be required before publications. The winners will also receive certificates. Other presented full papers will be reviewed for publication considerations in listed journals.

Proceedings

Only full papers with timely submissions are published in the proceedings. If the papers are not submitted before the deadline andor did not follow the guidelines, they will not appear in the proceedings. Papers will be included in the proceedings after the payment of the appropriate fees. If the papers for the paid registrants are not in the proceedings, please contactimmediately.

CONFERENCE PROGRAM

Thursday, December 22

3:00 PM - 5:00 PM

Distribution of Registration Package

On-site registration $600 (Cash only)

Friday, December 23

8:30 AM - 9:00 AM - OPENING REMARKS

Room: Emirates B

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SESSIONS SCHEDULE

FRIDAY December 23

All sessions are in Room “Emirates B”

9:00 AM – 10:15 AM SESSION I: ECONOMICS ______

SESSION CHAIR: Hanadi AL-Mubaraki, Kuwait University, Kuwait

“Government Control Measures, Property Taxes and House Prices.”

Suwina Cheng, LingnanUniversity, Hong Kong

“Performance Efficiency of Japanese Water Utilities.”
Theara Horn, Osaka University, Japan

“Clustering and its comparative advantage: A case study of Transang Rattan Furniture Cluster in Indonesia.”
Roos K. Andadari, SatyaWacanaChristianUniversity, Indonesia

“New organizational structure challenge: Organization as a molecule.”

Matej Janezic, University of Ljubljana, Slovenia

Vlado Dimovski, and MilanHodoscek National institute of ChemistrySlovenia.

“The Effects of Economic Integration and FDI on Economic Growth of Islamic Countries.”
Seyed Mohsen Khalife Soltani,Islamic AzadUniversity

Elham Nagheli, Islamic AzadUniversity and

Behruz Sadeghi Amroabadi, Isfahan University, Iran

Discussants: From the floor

10:20 AM - 11:50 PM SESSION II: FINANCE ______

SESSION CHAIR: Alan Reichert, Cleveland State University, USA

“Potential Benefits of Cross-border Financial Sector Expansion in Asia and Europe.”

Hsin-Yu Liang, Feng Chia University, China, Larry Wall, Federal Reserve Bank of Atlanta, and Alan Reichert, Cleveland State University, USA

“BOARD STRUCTURE, DIVIDEND AND FIRM PERFORMANCE: AN ANALYSIS USING PANEL DATA”

Norazlan Alias, Fauzias Mat Nor,Ruzita Abdul Rahim, Mohd. Hasimi Yaacob,

The NationalUniversity of Malaysia

“Credit Default Swaps (CDS) and their role in the credit risk market.”

Eliana Angelini, G. d’Annunzio University of Economics, Italy

“What information stakeholders of companies in developing countries want? Sri Lankan evidence.”
Anura De Zoysa and Shyam Bhati, University of Wollongong, Australia

“EXPLAINING SRI BEHAVIOUR OF MALAYSIAN UNIT TRUST FUND MANAGERS USING THEORY OF PLANNED BEHAVIOUR.”

Abdullah Sallehhuddin Abdullah Salim, Md Shukor Masoud, and Al-Mansor Abu Said, Faculty of Business and Law, Multimedia University, Malaysia.

.Mohammad Talha, King Fahd University of Petroleum and Minerals, Saudi Arabia

“Monitoring costs of MNC: An agency theory perspective.”

Mazlina Mustapha, Faculty of Economics and Management, Universiti Putra Malaysia,

Ayoib Che Ahmad, College of Business, Universiti Utara Malaysia. Malaysia

Discussants: From the floor

11:50 PM – 1:00 PM Session III: MARKETING

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SESSION CHAIR: Norzalita Abd Aziz, Universiti Kebangsaan Malaysia

“Exploring Factors that Influence SME’s Adoption of SMS Based Advertising & IT Usage in Marketing Activities: Malaysian Managerial Perspective.”
Norzalita Abd Aziz, Universiti Kebangsaan Malaysia,Malaysia

“Investigating the Influential Factors on Visitors’ Satisfaction & Intention to Revisit to Theme Parks in Malaysia.”

Norzalita Abd Aziz*, Ahmad Azmi Ariffin, Universiti Kebangsaan Malaysia

“The Technical Implementation of the New Generation of the RFID System.”

Eva El Haj Chehade, Beirut Arab University, AkramTanni, American University of Beirut and Abdul-Nasser El-Kassar, Lebanese American University

“Incubators: Economic Theories Vs. Economic Development.”

Hanadi AL-Mubaraki, College of Engineering Kuwait University, Kuwait

Michael Busler, Richard Stockton Collage, USA

Discussants: From the floor

1:00 PM - 2:00 PM LUNCH BREAK

2:00 PM – 3:30 PM Session IV: MANAGEMENT

SESSION CHAIR: Sudhir Chawla, Angelo State University, USA

“Emergence of Global Carbon Market and Its Relevance to Saudi Arabia.”
M. Anaam Hashmi, Samai Maqbool, Abdullah Naseer, King Abdul Aziz University, Saudi Arabia

“Employee quality management practices at Network Security Solutions.” Ganakrishnan Gopalakrishnan, RMIT University, Vietnam

“Perceptions of Closed Source Software with Relation to the Experience Life Cycle.”

Sudhir Chawla, Kaushik Ghosh, Angelo State University, USA

“Ethical climate and ethical judgment influence on employeeS’ behavior in selected Malaysian public sector.”

Amalina Abdullah and Ridzwana Mohd Said, Universiti Putra Malaysia

“Leadership and Management Practices in Health Care Delivery.”

Susan Thomas , University Malaya, Malaysia

Mathew Abraham, University of Nottingham, Malaysia
Beh LooSee, University of Malaya, Malaysia

Discussants: From the floor

3:30 PM – 5:00 PM SESSION V: Interdisciplinary

SESSION CHAIR: Esmael Adibi, Chapman University, California, USA

“Applicant Perceptions of Selection Methods in the UAE: Replication and an expansion of existing research”

KhaldounI. Ababneh, School of Business Administration,AmericanUniversity In Dubai

Nita N. Chhinzer, Department of BusinessUniversity of Guelph

"The U.S. Economic outlook in 2012 and Beyond.”

Esmael Adibi, A. Gary Anderson Center for Economic Research

Chapman University, California, USA

“Factors affecting trust in relationships within bank branches in India.”

Shyam Bhati and Anura DeZoysa, School of Accounting and Finance

University of Wollongong, Australia

”Empirical Evidence Examining the Effect of Corporate Finance Decisions on Corporate Performance in the Absence of Taxes Context: Kuwait.”

.Mohammad AlMutairi and Helen Hasan, University ofWollongong, Australia

“Corporate Governance in Sri Lanka: the Status Quo.”
Walter Gunathilake, University of Greenwich, UK

Anil Chandrakumara and Anura De Zoysa, University of Wollongong, Australia

Discussants: From the floor

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HAPPY NEW YEAR

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