IOSR-JBM   Volume-12 ~ Issue-5 ~ Jul-Aug-2013

Paper Type	:	Research Paper
Title	:	Corporate Governance of Capital Market of Bangladesh
Country	:	Bangladesh
Authors	:	Md. Siraz Meah. Lecturer
	:	10.9790/487X-1250104

Abstract: This paper outlines the conceptual, contextual and disciplinary scope of the rapidly evolving area of corporate governance of capital market of Bangladesh. As a basis for improving the rigor of research and analysis, some definitions, principles, theories and legal frame work of corporate governance are examined. This study also investigates the extent to which the capital market of Bangladesh comply with the corporate governance guidelines of Securities and Exchange Commission Bangladesh(SECB) and it also indicates that only sound corporate governance practices are the foundation upon which the trust of investors(stakeholders, banks, and non bank financial institutions) and other stakeholders is founded.

Key words: Corporate governance, capital market of Bangladesh, SECB

[1] Pandey, I.M. (2006), Financial Management, Ninth Edition p.742

[2] Rossenberg, A. (2002) "An ADB Expert in Discussion Meeting with CSE Listed Companies"p.32

[3] Bhagat S., and Bolton B., (2008), "Corporate Governance and Firm Performance", Journal of Corporate Finance, p.258.

[4] OECD (1998), "OECD Principles of Corporate Governance" Printed in Corporate Governance in Banking and Finance, Tata Mcgraw Hill Publishing Company Ltd. New Delhi.

[5] Hawley,J.P. and William A.T.(1996),Corporate Governance in the United States: The risk of Fiduciary Capitalism, Working paper, Saint Mary‟s College of California, School of Economic and Business Administration.

[6] Donaldson, L., and Davis, J.H. (1994), "Boards and Company Performance-Research Challenges the conventional Wisdom", Corporate Governance: An international Review, Vol.2, no.3 p.151-60

[7] Turbull, S. (1991), Re-inventing Corporations, Human System Management, IOSPress,Vol.10,p.169-86

[8] Gunfest,J.(1990), "Subordination of American Capital",Journal of Financial Economics,V0l.27, p.89-114

[9] Sullivan, Arthur; Steven M., Sheffrin (2003), Economics Principles in Action Upper Saddle Rivers: Pearson Prentice Hall.p.238,

[10] Brigham, Eugene F.; Gapenski, Louis C.; Ehrahardt, Michael C., Financial Management, Ninth edition,p.115.

Paper Type	:	Research Paper
Title	:	Sustaining Value Creation through Knowledge of Customer Expectations
Country	:	Nigeria
Authors	:	Hamzat, Bolaji Saheed, Bashiru, Bello, Daramola, Gloria
	:	10.9790/487X-1250515

Abstract: As the pursuit of knowledge becomes increasingly central to firms' competitiveness, we argued that knowing what the customer expects of product offerings is a prerequisite for sustaining the delivery of value. Thus, this paper seeks to provide a theoretical contribution to the growing recognition of researches on customer as a source of firms' competence. By building on extant literature of value creation, customer satisfaction/dissatisfaction, and the theories of firm knowledge creation, we proposed a framework of how firms can sustain value creation through knowledge of customer expectations. We argued that sustaining firms' value creation resides in the ability of firms to continuously anticipate, integrate and configure knowledge of customer expectations to create product offerings that meet or exceed customer expectations and generate better economic returns than other competing alternative firms. Keywords: Customer Expectations, Customer Satisfaction/Dissatisfaction, Knowledge of Customer Expectations, Product Offerings, Value creations.

[1] Slater, F. S. and Narver, J. C., "Marketing Orientation, Customer Value, and Superior Performance", Business Horizons, Vol. 32 (2), 1994, 22 – 28.

[2] Woodruff, R. B., "Customer Value: The next source Competitive Advantage", Academy of Marketing Science Journal, Vol. 25 (2), 1997, 139 – 153.

[3] Slater, F. S., "Developing a Customer Value-Based Theory of the Firm", Academy of Marketing Science Journal, Vol. 22 (2), 1997, 162 – 167. [4] Prahalad, C. k. and Venkatram, R., "Co-opting Customer Competence", Harvard Business Review, Vol. 78 (1), 2000, 79 – 86.

[5] Barney, J., "Firm Resources and Sustained Competitive Advantage", Journal of Management, Vol. 17 (1), 1991, 99 -120.

[6] Amit, R. and Zott, C., "Value Creation in E-Business", Strategic Management Journal, Vol. 22, 2001, 493 – 520.

[7] Groth, J. C., Byers, S. S. and Bogert, J. D., "Capital, Economic Returns and the Creation of Value", Management Decision, Vol. 34 (6), 1996, 21 – 30.

[8] Bowman, C. and Ambrosini, V., "Value Creation versus Value Capture: Towards a Coherent Definition of Value Strategy", British Journal of Management, Vol. 11 (1), 2000, 1 – 15.

[9] Simon, D. G., Hill, M. A., and Ireland, R. D., "Managing Firm Resources in Dynamics Environments to Create Value: Looking Inside the Black Box", Academy of Management Review, Vol. 32 (1), 2007, 273 -292.

[10] Lepak, D. P., Smith, K. G. and Taylor, M. S., "Value Creation and Value Capture: A Multilevel Perspective", Academy of Management Review, Vol. 32 (1), 2007, 180 – 194.

Paper Type	:	Research Paper
Title	:	Impact of Trade Associations on Entrepreneurial Traits in Nigeria's Transport Industry
Country	:	Nigeria
Authors	:	Ugboaja P. C., Ikeogu C. C., Ogwude I. C., Chikwendu D.
	:	10.9790/487X-1251621

Abstract: The focus of this study is to determine the extent to which the roles of trade associations foster entrepreneurial traits in Nigeria's road transport industry. This paper offers an analytical assessment of the contribution of trade associations towards development of entrepreneurial traits. To do this, the survey method was adopted for the study and questionnaires were used as data collection method. A random of one hundred and forty four (144) trade associations in Nigeria's road transport industry were selected for the study out of a population of two hundred and twenty four (224) trade associations with seven hundred and twenty (720) respondents. For completeness, a sample of six hundred and fifty seven (657) related organizations (infinite population) were included in the study. Therefore a total of one thousand, three hundred and seventy seven (1377) questionnaires were used for the study. The data collected were measured in 5-point likert scale with a hypothesized mean of 3.00. data analysis revealed that overall mean scores of trade associations' pro-competitive and anti-competitive roles on entrepreneurial traits were 1.9346 and 4.4188 respectively. The test of hypothesis using two sample z-test showed that the Z- calculated value for differences in the two mean scores was 216.0147 with significance probability of ˂ 0.0001 which is less than 0.05. Thus the test was significant at 5% level of significance (P˂0.05). We therefore reject the null hypothesis and accept the alternative hypothesis. Consequently we conclude that the effect of anticompetitive role is significantly higher than that of pro-competitive role of trade associations on the development of entrepreneurial traits in Nigeria's transport industry

Key words: Trade associations, Entrepreneurial, Traits, Transport, Industry

[1] Cahill, D. 1996. "Entrepreneurial orientation or pioneer advantage‟, Academy of Management Review, 21(3): 603–605.
[2] Chandler, A. (1990). Entrepreneurship and Economic Growth. Cambridge, Harvard University Press.
[3] Carland, J.W., Hoy, F. & Carland, J.A.C. 1988. """Who is an entrepreneur?" is a question worth asking‟, American Journal of Small Business, 12(4): 33–39.
[4] Cassim, F. 1982. "Labour market segmentation: The theoretical case‟, South African Journal of Economics, 50(4): 240–247
[5] Cunningham, J.B. & Lischeron, J. 1991. "Defining entrepreneurship‟, Journal of Small Business Management, 29(1): 45–61.
[6] Debrah, Y. 2007. "Promoting the informal sector as a source of gainful employment in developing countries: Insights from Ghana‟, International Journal of Human Resource Management, 18(6): 1063–1084.
[7] Drucker, P. F. (1985). Innovation and Entrepreneurship. Practice and Principles. London, Heinemman.
[8] Holcombe, R. (1998). Entrepreneurship and Economic Growth. The Quarterly Journal of Austrian Economics 1.
[9] Habib, A. 2005. "State-civil society relations in post apartheid South Africa‟, Social Research,72(3): 671–690.
[10] Hyman. R. 2001. Understanding European Trade Unionism: Between Market, Class and Society. London: Sage Lumpkin, G.T. & Dess, G.G. 1996. "Clarifying the entrepreneurial orientation construct