International Journal of Management and Business Research
Volume:3 Issue: 3, 2013

Technical analysis is the forecasting of future price movement based on an examination of past prices. Some scientist found that the study of historical prices cannot predict future prices. In this research we intend to study which technical analysis tool is better for prediction of future price movement, for this purpose we are studying two the most strongest technical analysis tools is called as Moving Average Convergence and Divergence (MACD) and Relative Strength Index (RSI). To study we are introducing one formula to determine one index for comparing two technical analysis tools. Generally for buy, hold and sell signal MACD is better than RSI, but we cannot skip the important role of RSI in overbought and oversold signals and simply we can diagnose the price whether is it undervalued or overvalued or with suitable value.

Effects of dividend policy on corporate financial growth, is a major concern of most entities. Whether dividends have an influence on the value of the firm, is an important question in dividend policy. This study aimed at investigating the effects of dividend policy on financial growth of media firms. The study was conducted in Nairobi at The Nation media Group Headquarters. Respondents were senior managers, middle level managers and ordinary shareholders. Descriptive research design was used to describe the nature, behavior and factors’ contributing to the study as a case study approach was adopted. Stratified random sampling technique was used to pick a sample size of 215 respondents to carry out the study. The significance of the study was to formulate dividend policies that suit financial environment, bring awareness to workers on how to deal with the shareholders on dividends issues and also to assist in determination of how much debt to be employed in the capital structure. The study revealed that investment policy on dividend payout affects financial growth of the firm through division of earnings between the stockholders and reinvestment into long-term projects. The study concluded that dividend policy is an integral decision in financial management because it maximizes shareholder’s wealth and has relevance on stock prices and firm’s value. The study therefore recommended that the firm should adopt an optimal dividend policy and effective and efficient capital structure which creates a balance between division of earnings and investment in long term projects.

One of the main branches of entrepreneurship is entrepreneurial orientation as it certainly plays an important role in the success and growth of the organizations. Entrepreneurial orientation is rooted in adopting a strategy. Many organizational policies which are formulated for the development of entrepreneurship are associated with information and communication technologies, in the other hand, from the perspective of social scientists; entrepreneurship is a process that locates the network of social relations. The aim of this study is to analyze the impact of information technology and social capital on entrepreneurial orientation. The study is applied and its method is Descriptive-correlation. The study population consisted of 326 employees at ALBORZ drug corporate. A study sample of 177 subjects was selected through application of Cochran formula at random. The three questionnaires (information technology, social capital and entrepreneurial orientation) Was used for data collection. The Validity (content, convergent, divergent) and Reliability (Loadings factors, composite reliability coefficient, Cronbach''s alpha coefficient) of questionnaires showed that measurement tools have very good reliability and validity. Test results of the variable by applying SMART-PLS software and using of T- test statistic and the path coefficients (β) showed that Information Technology has a strong direct and significant effect on social capital; while social capital has a direct and significant weak effect on entrepreneurial orientation. Moreover, Information technology has a strong direct, indirect and significant effect on entrepreneurial orientation. This means that while social capital has the mediator role in relationship between information technology and entrepreneurial orientation information technology as a moderator variable increases the positive impact of social capital on entrepreneurial orientation.

Emotional Intelligence (EI) refers how well an individual’s handle herself or himself and others instead of their technical skills to solve the problem. Creativity makes the individual to think deeply and manage their emotions while applying new knowledge in their organization. A positive attitude toward training and working environment can develop the employee’s emotional intelligence and creativity because training can change the employee’s attitude, mind, and behavior to ensure they can think logically and creatively. Emotional Intelligence (EI) contains the traits of self-awareness, self-control/self-management, social awareness, and social skills. This study also examines an abstract issue such as an employee’s commitment to training that determine whether the employees’ are committed to the training that organized by organizations to develop their ability and carry out their responsibility to ensure they can improve the organization’s quality. Three hundred employees’ at private organizations in Malaysia are surveyed for this purpose. The results of this study reveal that emotional intelligence (self awareness, self control/self-management, social awareness, and social skills), and creativity are positively and significantly influences the employee’s work commitment and performance in an organization.

E-tourism has evolved as a mainstay business for tourist service providers. It plays an integral role in the dissemination of information and influencing consumer’s preferences and satisfaction. The purpose of this study is to identify the dimensions of service quality perceptions of consumers in e-tourism in the Indian context. It also aims to understand the relative impact of these service quality dimensions on the satisfaction of the consumers. The techniques of factor and regression analysis have been used for this study. The findings show that consumers place a lot of emphasis on information content, security, functionality, customer interactions, and responsiveness while assessing the service quality and these in turn, affect their satisfaction level in the Indian e-tourism.

The paper investigates the effects of interest rates on stock market performance by using monthly time series data for the economy of Bangladesh over the period of 1991 to 2012. A wide range of econometric techniques have been employed to analyze the relationship between the interest rate and stock market return. The study reveals a stable and significant long run relationship between the variables. By employing Cointegration technique it is observed that in the long run, a one percent increase in interest rate causes 13.20 % decrease in market index. The estimated error correction coefficient indicates that 0.12 percent deviation of stock returns are corrected in the short run. Impulse response function of the study also affirms the negative relationship between the variables. The result of Variance decompositions suggests that about 99.57 % of the variation in stock market returns is attributable to its own shock which implies that stock market returns are largely independent of the other variables in the system. Finally, Granger causality analysis suggests the existence of a unidirectional causality from interest rate to market index.

The purpose of this study is to examine the possible impact of value systems on earnings management in France, Tunisia and Canada. Cultural values include power distance, uncertainty avoidance, individualism, masculinity and long-term orientation. The cross-cultural study uses the method of structural equations trough LISREL approach. The examination covers the period between 2003 and 2009. Findings show first of all, that ecological factors are able to determine cultural dimensions in the sample countries. Secondly, we found that all studied cultural dimensions are able to define national culture in the sample countries. Yet, results indicate that only three of cultural dimensions are significant in explaining differences in earnings management in the studied context. In fact earnings management seems to be positively related to uncertainty avoidance and negatively related to power distance and individualism.