An understanding of baby boomers' attitudes toward financial services products in Ghana

This study employed a self‐completion questionnaire to determine the financial needs and specific market characteristics of baby boomers (BBs) in Ghana. The results reveal that BBs are financially savvy and conscious of where to live after retirement. Due to low income and overreliance on families in time of sickness, life insurance is not often purchased. The respondents choose a bank that offers efficient customer services and low rates of interest on loans, and do not perceive long‐term investment to be profitable. The most effective forms of communication are radio, TV, and word of mouth. © 2011 Wiley Periodicals, Inc.     

Procedural justice in promotion decisions of managerial staff in Malaysia

Previous research indicates that procedural justice in promotion decisions has affected employees' organizational commitment, intent to leave and career satisfaction. The purpose of this study was to examine the effect of procedural justice in promotion decisions on managers' commitment, specifically organizational commitment, intent to leave, career satisfaction and job performance in multinational companies in Malaysia. Data were obtained from a sample of managers with more than 10 years of service in the organization through in-depth interviews. The findings show that perceived procedural injustice in promotion decisions have an unfavourable impact on employee commitment, job performance and career satisfaction. The intent to leave is also higher, especially among young managerial staff.     

Irreversibilities,uncertainty and underemployment equilibria

In a competitive overlapping generations model, technological irreversibilities and idiosyncratic uncertainty generate a misallocation of resources among segments, which takes the form of underemployment and underutilization of capacities at the aggregate level. This affects the qualitative properties of the equilibrium path. Indeed, increases in the variance of the technological shock can be responsible, a.o., for an “inescapable poverty trap,” or for periodic orbits generating endogenous fluctuations in underemployment.     

Volatility transmission between oil prices and equity sector returns

This paper employs bivariate GARCH models to simultaneously estimate the mean and conditional variance between five different US sector indexes and oil prices. Since many different financial assets are traded based on these market sector returns, it is important for financial market participants to understand the volatility transmission mechanism over time and across these series in order to make optimal portfolio allocation decisions. We examine weekly returns from January 1, 1992 to April 30, 2008 and find evidence of significant transmission of shocks and volatility between oil prices and some of the examined market sectors. The findings support the idea of cross-market hedging and sharing of common information by investors.     

Volatility spillover among sector equity returns under structural breaks

Review of Quantitative Finance and Accounting - Recent evidence suggests that ignoring structural breaks in volatility in financial asset returns can result in overestimation of volatility...     

On the role and nature of alliance management capability in family business: Empirical evidence from a developing market

Despite the research on alliance management capability (AMC) has evolved in recent years, we still lack a clear understanding of its antecedents and performance outcomes in the context of family businesses, a setting that is inherently different from a typical firm-to-firm corporation. Collecting data from the Libyan family firms sector, we found that alliance experience, family culture (as internal antecedence), and political instability (as external antecedence) are crucial for AMC development, where the latter has a significant effect on the alliance performance of these firms. We also discuss the theoretical and practical implications of our study.